While I don't disagree if you can afford those margin requirements you can afford to trade a mini Forex account so I don't see how this is a better option, just a different one.
I have gone over his videos and PDF's a few times. While his system appears to be profitable over the long run because of the theories it is based on as well as the indicators it is nothing new. I think there are better systems that are similar for a heck of a lot less money.