Unique "No Holds Barred" interview with Adam Burgoyne about his 5EMA's Forex Trading System
Click here to visit 5EMAs Forex Trading System Welcome to my exclusive "no-nonsense" interview with trader and system developer, Adam Burgoyne. For the first time ever, you will hear Adam answering hard questions about his 5EMAs Forex Trading System. The interview is now playing on your computer so please turn up the volume on your speakers.
Click here to visit 5EMAs Forex Trading System Hello everyone, this is Avi Frister. Thank you again for joining me in this exclusive interview with trader and system developer Adam Burgoyne. Well, today's interview is truly special and for several reasons. Through lots of efforts, and I mean lots of efforts, I got Adam to reveal some interesting aspects of his forex trading course, the 5EMAs system. I wanted you to hear Adam answering questions people constantly have about his systems. I thought what better way than to get Adam on the phone, compile some of these key questions and have him answer them. So, this is what this interview is about. I really think it is very special and I would like to now start it. Ok, let’s see if Adam is on the other side of the line. Avi: Hello, Adam, are you there? Adam: Yeah, Hi Avi. Avi: Hi Adam how are you? Adam: Yes, I am good thank you. Avi: Adam, first of all I would like to thank you very much for doing this type of interview. Few system developers and traders have agreed to this type of questions and answers interview about their systems. It shows a lot about what you and your products are about and I really appreciate it. Avi: Adam, I have several questions today so let's start running through these questions. First of all Adam, how did you come up with the 5EMAs Forex Trading System which is basically your main course. So, how did you come up with this system?
Adam: The bottom line is an awful a lot of trial and error. The system is the result of almost 8 years of live forex trading. So from that point of view it is something that has been tested pretty extensively before it was ever envisaged as a course in its own right. Avi: So, it is basically a product of a lot of trial and error and you have been improving it a lot throughout the years. Adam: That’s right. It has been traded in a live environment for about yes, 8 years. That was really the original intention - it was never envisaged as a course. It was a system that could be traded on a professional level. Click here to visit 5EMAs Forex Trading System Avi: Adam, is it a trend or a day trading system the 5EMAs Forex Trading System? Adam: Well, it is actually a counter-trend system. The approach that we use is to trade against the pullbacks from a main trend but it is done predominately in a day trading fashion. Avi: Sorry, maybe I didn’t ask the question properly. Is it possible to swing trade with this system? Adam: No, it is not a swing trading systems. It is designed as a day trading strategy. But, rather than go with the trend we go with the counter trend. Avi: Adam, how successful have you been at trading this system? Adam: Quite is the honest answer! We say that 85%+ is the success rate, obviously we’ve got a lot of experience trading this system. Generally speaking we would expect to hit the 95% win ratio on any given month. Avi: That is very special. But you do obviously say "in a given month". Obviously there are better months and worse months. Adam: Absolutely. No system is going to work all of the time. The market is too dynamic for that. But generally speaking, what we don’t do is run around and trade for the sake of it. We would normally take one trade a day. Avi: Ok. Adam, one thing I want to tell to my listeners is that this is what trading is about. It’s about mastering a system that has great potential of having a high win ratio. So, the system itself needs mastering right? Am I correct about that? It’s a learning curve, but if the system is sound and good the learning curve pays off. Adam: Absolutely, yes! Nothing that is worth doing is necessarily easy. But if you take the time and practice and study the technique and follow the examples then, yes, you can become very successful quite quickly with it - as has been proven with other people that have bought the course. Click here to visit 5EMAs Forex Trading System Avi: Well, we will get to that part in a moment. Let’s now go to the next question. Can you reveal to us what is the general logic of the system. By that I mean, how it works but without exposing too much information. Adam: Yes, absolutely. The entries are actually very straight forward. We have one main rule for entering a market and then we have three exit strategies depending on what is happening with the trade. So the combination of exit scenarios allows profits to be made pretty much regardless of the strength or duration of the market move. Entries themselves, as I said earlier, rather than based on common trend indicators to chase a trend we use them to identify pullbacks in an existing trend and trade those instead. So that allows us to get some optimal entry points and stops us from chasing along with the rest of the herd. Avi: Ok. We know the FX spot market is a 24 hour session. So, would the system work more during US, European or Asian session? Or maybe throughout all of them? Can you expand a bit on that please? Adam: It actually doesn't matter what time of the day you are trading. Obviously due to the increase of volatility you are going to get more trades coming up particularly during the UK and the US session, but, trades pop up 24-5. Click here to visit 5EMAs Forex Trading System Avi: Adam, you include an expert advisor for people who buy your course. What is it for? Adam: It's basically there to save you from being glued to the computer screen all day. The way we use it is very, very simple. It’s designed to identify the base entry criteria for the strategy. And, when it does that it will pop up a little box just to tell you which currency pair it is referring to and the time of the alert. It also starts making a noise so you know it is time to come back and look at the screen. Avi: That is neat. It saves a lot of time. Adam: Absolutely. What we did is also build in a little bit of time logic so we can ask it to warn us actually ahead of the criteria being met. So, maybe 1, 2 or 3 pips. What ever we feel is sensible for the market we are trading. That gives us a few extra seconds or minutes to go back to the screen and check the rest of the criteria to decide weather we want to take that trade or not. Avi: Thank you Adam for that detailed answer. On your 5EMAs forex trading system webpage there is an account statement that states that it followed a 34 week live unbroken trade period where a $5,000 account grew into a $35,873 using only the most conservative exit strategy. First of all I want to say that this is impressive by all standards. Can you talk a bit about that? Adam: This was actually what prompted the creation of the course. As I said, the strategy was developed for trading professionally and we were trading an account for an investor who wanted to put his money somewhere sensible for a short period of time before he went into a different project. So that was the result of it. It was a little bit of cash sitting on the side and it was traded very, very nicely. He then took his money and put it where he intended in the first place. So, as a thank you he agreed that we can use the trading statement from that account for the website. Click here to visit 5EMAs Forex Trading System Avi: Wow! That is more than 600% increase in equity in 34 weeks. That’s really impressive. And this is by only using the most conservative exit strategy right? Adam: Yes, that is right. This was shooting for 25 pips per trade. Avi: This just goes to show to my listeners how day-trading can be really profitable if you do it correctly and you invest time and effort in the system you are going to trade. It eventually pays of and that is what trading is all about. Avi: Below (exhibit 1) there is an account statement belonging to a trader from Norway who purchased your system. As we can see from this account statement in 11 trading days he increased his account by 23.61% for a total dollar value of $21,807. Again, this is only in 11 trading days. Can you expand a bit about this specific trader? Exhibit 1:
Adam: We were quite surprised to receive the email in the first place. We obviously get mailings from people who buy the course but it’s usually questions more than anything else. This person was just ecstatic! He got the course and spent four weeks reading it and practicing before he went on to a live account. He doesn’t actually trade it exactly as per the rules because he has cut most of the trades short. He is a bit like myself, he doesn’t like to leave trades open overnight. He won't even leave them if he has to go out of the house for a while. So, if the trade is in profit and he has to go out somewhere then he closes out. Although he made about 23%, I would estimate that it would have been closer to about 40% had he let the trades run but he was more than happy with the return he got. Click here to visit 5EMAs Forex Trading System Avi: Yes, that is truly impressive. Adam: The nice thing for us is that it proved the point since you are always in this type of danger zone of putting results on the webpage where people think "well, it is ok for you since it is your system - of course you will come up with these good results". So to have someone who is a complete beginner with our strategy and have him after only 4 weeks to pull these kind of profits was just fantastic. It was a great vindication of the system, I think. He has actually gone and done more profitable trades than he announced to us. But this was all done while working a full time job and quite a lot of family commitments. My hat’s off to the guy definitely! Avi: So basically what you are telling me is that even if someone does have a busy schedule they can achieve these results from what you are telling us. Adam: Absolutely. This is kind of a proof positive. Avi: Ok! Well, what better proof? Adam, let's go to the next question. You are talking on your webpage of the possibility of turning $1,000 into $1,000,000 in 24 months. Many people would read that statement and they would probably think it is exaggerated. Obviously from what we have seen from these account statements, it doesn’t seem to be exaggerated. I would like your comment on that. What's your point of view? Adam: Well, the reason that statement was made is because we were working on the principle of pulling 25 pips per day. If you are starting with a $1,000 account, 25 pips a day is 2.5%. If you take that over 20 trading days (one good trade per day) then you are looking at about 55% per month, compounded. That would take you to $1,000,000 in I think about 14 months if you do it properly. So, in 2 years is it possible? Yes, it is. Avi: Well, even if the markets are not that good to us and it is 3 years instead of 2! Adam: Even if you do a tenth as well you are still making good money! Imagine $1,000 to $100,000 in 24 months. Would you be happy? Avi: Sure. Fifty thousand dollars per year is more than most people make in a whole year from their day jobs. At least here you would also be having fun doing it! Click here to visit 5EMAs Forex Trading System Avi: Thanks Adam for that detailed answer. On to the next question. Does your course suit the needs of every level of trader? I know there are a lot of people listening to this interview and the have no idea about forex or are very new to forex. Does your course cover every single aspect of understanding what forex is, what a forex broker is, psychology of trading, money management, and discipline. All of these aspects are very important to trading and I know many courses don't cover them and go directly to the systems. So how is your course built? Is it good for someone that is new to the business? Adam: Yes, I think it is. Obviously it doesn’t cover absolutely everything because most people are going to trade for themselves and are not looking at becoming brokers. But in terms of what someone needs to know as a complete newbie to the forex arena, yes it covers all of the aspects that they should be aware of. It explains how the markets operate, it explains how to calculate pip values, discusses issues like spread, types of brokers that are available (for example: dealing or non-dealing desk brokers). It basically takes them from knowing nothing to knowing more than they need to know for being a self-directed trader. Avi: How many pages is the eBook? Adam: It is about 150 pages. Avi: Ok, that explains everything. A 150 page course is definitely a full course by all standards. Click here to visit 5EMAs Forex Trading System Avi: Ok, Adam, you have another course called the Divergence System. I have seen the course and it is very good. I know people can buy it separately if they want, regardless if they buy the 5EMAs system. Adam: The Divergence system if you take it in its own context it is something akin to a swing trading system. It's designed to identify turning points in the market. So what we do is use it when we are trading the 5EMAs system. Its purpose for us in that situation is to stop us from going into a potential market reversal. If we got a signal coming up saying go short but the Divergence System says that the market is just about to bounce back we do not want to take that trade. So for us it helps us with our profitability since it prevents us from entering disastrous trades and in the same breath we can use it to say ok, the market is about to go north, for instance, so let's go long and ride this one. This is because the Divergence System trades are going to be running for usually about a week, sometimes a bit longer, so they will catch the big moves. A reasonable Divergence System move would be somewhere between 200 and 500 pips so it is certainly worth having. But again, the way we personally use it most is for keeping us from entering bad trades with the 5EMAs system. Click here to visit 5EMAs Forex Trading System Avi: So, basically the Divergence System can be traded as a stand alone system or it can be used to enhance the performance of the 5EMAs system. That’s the bottom line right? Adam: Yes, and people use it in different ways. Some people bought the 5EMAs package and then decided they just wanted to do divergence trading. Avi: Adam, this next point is very important. You do offer a 100% no question asked money back guarantee on your course. Aren't you afraid that people would buy your course and simply take advantage of you? 
And I heard that from other course owners. I always tell them to provide this type of guarantee and let the person judge, you know. If you have a good product you should not have any problem. Unfortunately not many system developers/course owners share with me that idea. I am glad that you do. But again, aren't you afraid that people will take advantage of you this way? Adam: Well yes and no. It's not so much being afraid of it. It’s just a reality of life that there are people who will take advantage of any situation. But in fairness, the vast majority of people are very honest and they appreciate the value in the course that they have purchased so from that point of view, no, it's not a problem. Click here to visit 5EMAs Forex Trading System Avi: Ok Adam. Great. That's it I think. Those are the main questions that I wanted to ask you. I think we have covered everything. So, we will wrap up this interview with Adam Burgoyne. Adam, I would like to thank you very much for taking the time today to reveal to us more specific issues about your system. These are questions that many people have had throughout the months so I wanted to settle once and for all things that people wanted to know. Again, thank you very much Adam! Adam: Thank you Avi, bye bye. END OF INTERVIEW Information, charts or examples contained in this lesson are for illustration and educational purposes only. It should not be considered as advice or a recommendation to buy or sell any security or financial instrument. We do not and cannot offer investment advice. For further information please read our disclaimer. |
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