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FOREX TACTICS - Sam Beetson

Forex Secrets Exposed

Type  Forex Secrets Exposed
Last Updated August 2007
Price  10 
Features 8
End Result  9
Overall Rating

9 (Very Good and Usable)

Owner Sam Beetson
Best Used For

Traders who want a system to take money out the Forex market following 4 simple steps.  You either get an entry signal or you do not.  It could not be easier, particularly with the use of MetaTrader 4.

Our Review - Forex Secrets Exposed demontrates that if you have the right information, training, insight, strategies, tactics, and "know how" you can easily make $500-$1,000 per day! However, there is a ton of misinformation out there.  There is a ton of garbage that is a complete waste of time and money.  Here Sam Beetson's has put together 14 clear cut to the point videos showing you EXACTLY how he makes money trading the Forex market.

What's In It For Me - Just look at the benefits below to see what's in it for you.  You will receive a Forex Secrets Exposed system that works, that will make you more profits, that will enable you to keep positions open for longer to squeeze every dollar out the market. 

What We Liked:

Here's what you'll discover:

#1. How To Trade Announcements

You will see how there are certain daily announcements which cause major spikes in the market, and if you do not know how to trade them, you will be gapped out at a loss. It is as simple as that.

For example, when Non-farm Payroll data is released it often causes a triple spike in the Dow Jones and SP500. The first two spikes test the market and the final spike tend to be in the direction of the trend for the rest of the days trading. Get this the wrong way and you will wish you had not traded. Get this right and it will make your broker sweat and leave you laughing all the way to the bank.

You will discover a website that shows:

* What day an announcement is to be made

*
What announcement is going to be made

* What time the announcement is going to be made and

*
What MERIT the announcement is

The MERIT gives the announcement a rating from A to F which determines what impact the announcement may have on price. ALL THE HARD WORK IS DONE FOR YOU. YOU DON'T NEED TO TRY AND WORK THIS OUT YOURSELF.

In short, if the MERIT is between C- to A the announcement will cause substantial volatility in the market and you MUST position yourself accordingly to protect yourself against any losses. If the MERIT is between D and F the impact of the announcement will be less and may not effect your underlying position.

To give you are example on 1 September 2006 at 8.30 the:

* Average Workweek,
* Hourly Earnings,
* Non-farm Payrolls and
* Unemployment Rate

announcements were shows. The MERIT given by this site was A (the highest!). If you look at any £/$ chart on 1 September 2006 the market spiked between 1.30 and 2.30 GMT by 100 points on the back of these announcements. At $10 a point that would have been a $1000 loss in less then a few minuets.

#2. Bespoke Chart Pattern Setups

You will see how using using a new trading platform offering MetaTrader 4 advanced charting for FREE. You don't have to pay a penny on those expensive charting packages.

You will be given 4 indicators called:

* Fibonacci Resistance and Support
* Forex Trend
* MM lines
* SMSSTochHistogram and
* XO

and one template called "FFCM" which he allows you to download from the main site. You then load these indicators and template into MetaTrader 4.

#3. The Entry Point

This in turn gives you 8 MM Lines (graduating degrees of resistance and support) and 5 Fibonacci Resistance and Support lines on any MetaTrader 4 chart. You then set up 3 moving averages using 3 specific Fibonacci ratios. When the highest moving average is taken out with the next candlestick open above the highest moving average crossover, you then turn to the Forex Trend, SMSSTochHistogram and XO indicator which gave you precise market entry point confirmation. On entering your position you set your stop loss at the next MM Line.

#4. The PROFIT

Finally, you watch your position unfold by testing the next MM Line by either moving in the direction of your trade and hitting your target MM Line and putting you IN THE PROFIT or moving against you and stopping you out with the least possible loss.

Here lies the ultimate Forex secret.  The points established by the MM Lines are predictable BEFORE they occur by using the above indicators and template.

Good – This is a system which works.  It comes with easy to follow videos, showing you step by step how to set the Forex system up.  You can download the Forex Secrets Exposed videos on to your system and watch them as many times as you want both to refresh yourself and for future reference.

The Bad – There is none.  Forex Secrets Exposed gets 9/10.  It works and works well.