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Description
Mark McRae – Sure Fire Forex Trading
Surefire Forex by Mark McRae is a trading system based on Fibonacci retracements and involves looking at 3 indicators to make sure that you are not trading against the trend. You then use a calculator (the Risk Probability Calculator: see picture), to see if the trade matches your risk/reward profile. If it does, you can decide whether you want to enter the trade or not and you have a profit target provided for you – it is a pretty simple trading system.
Mark Mcrae ‘With over 18 years experience in the casino industry and having traveled the world I decided it was time to settle down and concentrate on my passion of trading the financial markets. It took many years to make the transition from casual investor to fulltime speculator. I now teach, lecture and trade fulltime.’
Sure-Fire Forex Trading System Reviewed
Came across the Surefire Forex Trading recently and decided to check it out. Basically, this course can be divided into 3 main parts with an introduction to forex trading, money management, and the actual method itself.
The course is best suited to forex trading beginners as it describes a simple trading system that takes out most if not all the human decision-making during trading. It includes a Risk Probability Calculator which consists of a nifty little excel program which will tell you where to place your entry, stop and take profits levels.
The introduction part (first part) is as good if not better than other courses in that it provides some details not found anywhere and is a good reference point for the beginner.
The money management portion (second part) provides some useful statistics regarding the risk/rewards aspect of trading. How much to risk and effects of drawdowns on your account, and illustrations of what an actual run of wins/losses and their impacts. Detailed statistics, yet it lacks a little bit in the actual practical application of it.
Mark’s Surefire Forex system is very well suited to the beginner forex trader. In the Traders Secret Code – explained visually in a series of online videos, he goes further into his Fibonacci studies and the level of difficulty is moderate to advanced.
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