FOREX TRADING - Mark McRae

Sure Fire Forex Trading

Type	Sure Fire Forex Trading
Last Updated	March 2005
Price	9
Features	9
End Result	9
Overall Rating	9 (Very Good!) - A Comprehensive Guide To Forex Trading From Beginner To Advanced
Owner	Mark McRae

Our Review - One of the biggest questions for traders wanting to trade forex is, how do you go about starting?  Sure Fire Forex Trading fulfils this need by providing you with the background you need, followed by basic all the way to advanced skills, together with calculators.  The manual provides you with a solid foundation on which to build.

What's In It For Me – Sure Fire Forex Trading put simply will enable you to start trading forex.  It highlights pitfalls you need to be aware of and provides with with the METHODOLOGY you need to trade. Mark has been trading forex for numerous years and will finally let you in on his secret trading formula.

What We Liked:

The Forex Market: Shows:

Forex Trading 101: You will discover:

• the most 'CRITICAL FACTOR' to technical analysis.  This is often overlooked.  Understand this and the next time you examine a chart you will be able to predict the futures direction of the markets

• "DOW THEORY" and how there are three types of trend you MUST be aware of - "Primary Trend", " Secondary Trend" and "Minor Trend" and you MUST include these in your approach to day trading the forex market to succeed

• how to apply the most underutilized tool, the 'TREND LINE'.  Most traders do not draw this correctly or they try to make the line fit the market, instead of the other way around.  You will learn to properly draw the trend line.

• how to correctly apply 'CHANNELS' to your charts and how they assist in predicting future market direction and

• the importance of 'TIME PERIODS' in determining whether you gain or lose.

The Theory Of The Method: Shows:

• how to look for positions where there is 2 to 3 times reward for the risk taken

• how the most important point is market direction - being LONG in an uptrend market and SHORT in a downtrend market

• how to use a minimum of 3 chart time frames and how to use the bigger picture as confirmation of day trading forex positions

• how to use the EXPONENTIAL MOVING AVERAGE (EMA) in all 3 time frames.  (For copyright I cannot say what those secret figures for the EMA are!!. All I can say is Mark has tested many combinations and these figures apply well to the forex market). He then goes on to give you trading rules on how to interpret the EMA's and

• you the criteria to determine a 'SWING UP' and 'SWING DOWN'.  These are essential as swings in succession will identify changes in trend which can signify the point to take profits as far you are concerned.

Fibonacci: Reveals:

• how you will only use the 38.2% and 61.8% fibonacci retracements levels to determine entry and exit, by also using the points as a stop loss and

• how you will use fibonacci retracements to identify 3 pre-determined 'TARGET POINTS' on any chart for entry and exit.

Money Management: Discloses:

• a fundamental grounding into 'PROBABILITY' as every trader needs to know.  The fact is you enter a trade on the probability that you will WIN or there will at least be a 50% chance you will WIN

• how to only trade when the odds are in your favour and

• the concept of 'DRAWDOWN' which you MUST fully understand.  Fail to understand drawdown and you may never recoup your losses.  Drawdown will also determine the size of the position you take on the forex market.  Your drawdown will also determine how LONG you will be able to continue to trade even AFTER making losses.  You will see that drawdown is even more important when you are trading more them ONE market

Trading Rules: Gives:

• you 5 tried and tested 'LONG' and 'SHORT' trading rules which you can immediately to the letter to take money out the forex market and

• which currency pairs should be avoided as there is a 'STRONG CORRELATION' between them.  Otherwise, if you lose in one you may also lose in the other.

Added Bonus #1 - Risk Probability Calculator: Gives you a guide on how much your potential gain or loss would be on any trade and how to spot trades that offer a better than 2-1 profit margin.

Added Bonus #2 - Mark's Latest Trading Articles And Techniques with charts and diagrams explaining how the techniques work. Some of the more recent titles include - Enormous Profits Small Risk, Explode Your Trading Profits, Most Powerful Indicator, Moving Averages That Work, Trading Systems, Pivot Points, Moving Average Convergence-Divergence (MACD), Stochastics, ADX (Average Directional Index), Relative Strength Index, Multiple Time Frames, High Probability Spikes, The Easy Way To Cut Losses,  Startling Facts About Trading, How To Think Like A Winning Day Trader, Where To Place Your Stop, Maximum Profit Targets, Fundamentals Of A Trading Plan, Parabolic Trading System, Bollinger Bands Revealed, Master The Channel Projection, One Thing That Can Improve Your Trading, Intraday Trading Tactics, The Cycles Of A Trend, Range Signal Filter, Trading The Failure Of A Pattern and 3 - Stage Trend Line Signal

Added Bonus #3 - FREE Ebooks and Reports: These include A Practical Guide To Swing Trading, 123 System, Breaking the Broker Myth, The Pocketbook Of Economic Indicators, The Art Of War, Day Trading Mind ebook, Elliott Wave Course and The E-Book Of Technical Market Indicators

The Good – What we liked about this manual was what you get for your money. The main manual is 112 pages of real trading information.  You get the Risk Probability Calculator which enables you to spot trades that offer a better than 2-1 profit margin particularly where your charting software does not have this facility.  Even the above articles contain 'real trading strategies' which can be applied to the market, and not to mention the FREE Ebooks and Reports you get with Sure Fire Forex Trading.