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Trending
Product Review
FOREX TACTICS
- Sam Beetson
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Type |
Forex Secrets
Exposed |
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Last Updated |
August 2007 |
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Price |
10 |
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Features
|
8 |
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End Result |
9 |
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Overall
Rating |
9
(Very Good and Usable) |
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Owner |
Sam Beetson |
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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.
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