ND10X Forex Review by Nicola Delic [UPDATED]

Nicola Delic is an interesting individual for another reason. Like many traders and gurus, he did not want to work a standard eight hour day and have to answer to a boss. Yet despite this independent spirit, he certainly does not shy away from putting in the hours to make his systems and trading a success. The guru claims that he works many 20 hour days in pursuit of his passion. Today he holds posts such as the Singapore Grand Capital fund’s chief executive officer, Elliott Wave Maestro’s trading coach, and Elliott Wave Forex Signals’ analyst.

Product Name

ND10X Forex Trading System by Nicola Delic

ND10X System

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Product Description

What is ND10X?

ND10X is a Forex trading system that executes trades manually. It is formulated from the decades of experience that has earned Nicola Delic his status as one of the world’s leading Forex experts. He combines his experience with various scientific principles and statistical models to create a truly unique way of trading. The system is comprised of two parts, the first part is the training section which is where you will learn about the ND10X system, what it is, and most importantly – how it is executed.

The second section is the automated tracking software. This software will teach you to recognize potentially lucrative trades by analyzing important Forex signals in real time. It is incredibly user friendly and intuitive to use, but full guidance and instruction are given within the training.

The course structure is well defined and easy to follow. Simply read the first few pages of the manual, and then start watching the videos. They will start with the basics of Forex, then they will familiarize you with the included automated software, and then they will finish with advanced techniques and webinars.

You read the manual as you progress through the video training sessions and by the end – you will be ready to trade.

How Does ND10X Work?

The ND10X system was programmed to focus on High Frequency Trading. High Frequency Trading (HFT) consists of the predictive buying and selling of contracts using algorithmic trading software and ultra low latency trading infrastructure where fractional increments of money can be earned in sometimes microseconds (millionth of a second). The trading technique as such as been used in various forms as markets evolved and equity trading matured.

With the ascendancy of new algorithmic trading firms with their cutting-edge, technology-driven trading strategies with the goal of earning profits in billions of dollars, HFT has become the wonder-strategy for low-investment, high-profit trading opportunities. Today, nearly seventy-three percent of US equity market’s transactions run on HFT ensuring high-liquidity and price-visibility.

ND10X uses sophisticated algorithms running on advanced servers identify trends in national and international market places, analyze them and place ‘flash orders’ all within one-millionth of a second. Though they trade only for a few seconds, high volumes are involved. Market places rebate such deals and help these firms make their fraction-of a penny profit. Again, firms now have access to high volumes, priority information much before off-line or slow-traders, and make a cool profit by reselling.

The ND10X trading software is the ideal trading platform for all stakeholders as the automated process ensures minimal risks, low-margins but excellent turnover profits.

High Frequency Trading in Forex

Before 1990s, FX market too, operated on broker-dealer market and involved placing orders over telephone. However, with electronic trading, FX markets too can handle high volume trade.

The Forex market’s intrinsic characteristic of high liquidity and low volatility provide the right ecosystem for deploying the HFT strategies. These are ideas adapted from the equity markets and time-tested: market-capture, predictive and arbitrage.

Typically, a high-frequency trading firm will run several trading strategies with very low-margins, on custom-built software through intermediaries. Each firm thrives on minimum-latency of ‘flash orders’ of the software to move in-and-out of markets.

In fact, in Melbourne, a large Forex Fund has been using High Frequency Trading in FX, successfully for well over a decade.

There are many people who argue that high frequency trading is a bad thing, but it cannot be disputed that it has delivered many benefits. Spreads between bid and offer prices are generally a lot less now than they were in the past; intra-day volatility has, for the most part, gone down; there is more liquidity available in the market and trading costs have generally been reduced.

Detractors would say that the growth in high frequency trading has caused a situation where the majority of market volume now just comes from machines trading with each other, causing traditional long-only investors to pull a lot of their money out of the equities markets.

No doubt the debate will continue to run, but one thing is certain. You cannot stop technological progress. And as long as trading firms can realize advantages by deploying more powerful hardware, smarter software and faster communications links, they will continue to reap the benefits of high frequency trading.

About the ND10X Master Class

n10x master class

Master Class #1

One of the first things Nicola wants to do is to rewire your mindset. He needs to get you to get rid of the idea that you have to grow slowly and incrementally. The ND10X system is all about rapid growth in big steps. Lets find out the existing problems you have, so Nicola can help fix them and make trading more enjoyable for you. The intent is to show you a smarter way to trade that full-time professionals in banks and hedge funds use. You will be shown a 4-step process to keep you on target on a daily basis.

Master Class #2

In the second Master Class, we need to make sure you know the basics of technical trading. Nicola doesn’t want to just give you a report and a few videos. He wants to work with you and make sure you really understand what moves the market and why it does what it does. There are also some very important economic news releases you have to be aware of, and how you can exploit them to make a quick profit.

Master Class #3

In this section of your training, we will go over all the tools we need to make the system work. Nicola will explain why we use each indicator and why it’s important. Then, how to install the templates on your charts, so you are set up ready to trade.

Master Class #4

It doesn’t matter how much information is explained in the Master Classes, nothing will beat watching someone trade a system live. Nicola will show and explain multiple live trades in great detail, so you see how I apply the rules of the system. Just because one person can trade a system does not mean everyone can trade it. That’s why this system was designed the way it is. If you follow the rules provided to the letter, you should get exactly the same results as me or anyone else who uses the system.

Master Class #5

We are going to be making lots of trades and making a lot of money really fast, but it’s important you are prepared when you trade. Nicola will show you how to prepare a daily watch list of your favorite currency pairs. And how to review your trades and learn from any mistakes. He will share with you some of the secrets of the biggest traders.

Master Class Members Area

It’s important that you have access to Nicola, especially in the beginning. That’s why you will be able to ask him any question you like inside the members area. Think of this as your community, where the people trading the ND10X system can share ideas and talk about their trades. There’s nothing like a group of like-minded people working in the same direction.

Private Master Webinars

Once a week Nicola will hold a live webinar to teach each Master Class. This is also the time where you can interact with him on a personal level. You can ask questions, share your charts live, and even share your screen if you want to.

About Nicola Delic

Nicola DelicNicola did not get his start seeking to become a part of the exciting world of foreign exchange. Nicola says that his introduction to trading in general and eventually Forex markets in particular started when he accidentally clicked on a Wall Street Warriors’ video by mistake. This originally fired his interest in penny stocks as he saw legendary guru Timothy Sykes successfully trading them from the comfort of his apartment home. Sykes was making a lot of money, which piqued the interest of Delic. The irony is that Nicola did not end up pursuing stocks despite the fact that Tim Sykes was his original inspiration.

After a few days of Internet searches with Google seeking to learn more about trading, penny stocks, and stocks, he stumbled across and begin learning about the universe of foreign currency trading.

It only took him a few days to decide that Forex presented greater opportunities to make significant gains. He understood that penny stocks were lucrative if traded successfully, but they needed a larger amount of capital to start with than currency trading required.

Nicola’s Initial Start and Setbacks

Nicola decided to first educate himself on currencies as thoroughly as he could. He obtained and worked his way through 20 different books on the subject. Only after he felt like he had a solid base did he open up his currency trading brokerage account. Yet his first year did not go well. By the conclusion of it, he took stock of his initial $500 in the account. It was obvious to Delic that he had more and higher amounts of losers than winners. It had only taken him his first year to watch his upfront capital drop by a sobering 50 percent.

Discovery of Elliott Wave

You can see that Nicola did not have an easy start before he became the Forex trading guru that he is today. What changed things for him was his quest to find a means for better guiding his trades. What he came across was the theory of Elliott Wave Impact. He originally heard about it when searching across a number of forums for advice on trading. Delic decided to purchase and tackle the authoritative Elliott Wave Principle that guru Robert Prechter had written on the subject.

It took Nicola two reads through the excellent but complex book to begin to grasp the difficult material on Elliott Waves. Yet by the second time through, he recognized that this strategy had a track record that had proven itself for nearly a hundred years. Delic made it his obsession to master the Elliott Wave method. Nicola says that he spent at least eight hours per day practicing with the theory and its various subtleties. He claims that this was what made all the difference for his trading abilities, which dramatically improved as a result. Now his winning percentages of trades began to rise while his losers began to decline. It became the foundation of his technical analysis.

Who Can Use ND10X?

Delic has a huge amount of experience in putting together Forex training systems. ND10X has been designed to be used by trader of all skill levels. Anyone can pick up a copy and start trading with confidence when they have finished their training.

Obviously, there is no substitute for experience, and the inexperienced trader may only make reasonably small profits at first ($100 – $200 per day). But we all have to start somewhere, and this is shaping up to one of the best ways to start a Forex career in the world.

But just because the ND10X system covers all the basics does not mean that it is only useful for new traders. The system takes an entirely new angle to Forex that even veteran and experienced traders are sure to learn (and profit) from.

When the software has identified an opportunity to make a profitable trade, you will be alerted by the program to take act accordingly. The Trading Scanners allows you to mathematically and with absolute certainty KNOW that that average price over the recent past is now either going up or going down. Finally, it uses old school price-action that provides a further “sense” of what the price is doing, and hence, the probable direction of the price. This is determined in unison with all of the scanner programs and is a fundamental process in the determination of entering a trade.

Pros and Cons

Pros:
  • Accessible to everyone – New traders and experienced veterans will both find a treasure trove of Forex knowledge inside.
  • Nicola Delic is one of the most critically acclaimed Forex traders in the world. He has a history of producing products that generate positive returns.
  • The software works on all currency pairs and on all time frames which means you can trade what you want when you want – all day long.
  • Users have commented that ND10X is a low-risk investment with years of back-testing. Delic must be highly confident that you will make enough money using his system to put his reputation on the line.
Cons:
  • Priced at $499 USD – It could be a little cheaper, it is a premium product – and as such it has a premium price tag. But you really do get what you pay for when it comes to Forex training systems. For someone to teach techniques that make money, they need to be well compensated to make it worth their while disclosing it to the public. But based on the performance of Delic’s previous products it will probably not take you long to make this initial investment back.
  • It’s still a relativity new trading system. What works today, may not work in the years to come. There is no such thing as a perfect system

Final Thoughts

There are so many different Forex systems and training courses on the market these days, it seems like a new one is released every month. This makes it hard for us to get excited about 99% of them anymore. But it’s not every day that Mr. Delic releases a product, and this is one we are VERY excited about. If you are ever going to consider buying a Forex trading system then we highly recommend you consider trying ND10X. It’s worthy of anyone’s consideration.

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RISKS ASSOCIATED WITH FOREX TRADING Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

Jackie Buschle

Jackie has been blogging and designing websites for more than 8 years. She specializes in corporate identity design, editing and layout for various printed media. In the web authoring environment, she has experience in the design and development of standards-based websites using different technologies. Jackie is also very active in pop culture, social issues, and politics. She's an avid consumer of media, both in traditional and digital forms.
Jackie Buschle
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