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Review of trading book

  • #1
  • First Post: Edited Oct 10, 2006 10:50am Sep 21, 2006 8:47pm | Edited Oct 10, 2006 10:50am
Hey all

My names Amit, I am a 19 year old university student from Toronto. have been trading for about 5 months just on fake money on and off. Enough of my background.

I have read mark mcrae's book on known as sure fire forex trading. I traded fake money using the method and had about a 75 percent profitability ratio when comparing winning to losing trades.

However I am now in search of something better and have implemented the sidus method.

The question
Does anyone use the sure fire forex trading method?
If so how do you like it and what are your opinions on the method?

Also any advice would be appreciated as I am a fairly new trader. I have started reading up on the vegas method (holy grail)

I am also in desperate need for a complete tutorial on metatrader, if anyone can help out that would be greatly appreciated.

Thanks all
  • #2
  • Sep 21, 2006 8:52pm Sep 21, 2006 8:52pm
http://www.metatrader.info/node/163

http://www.metatrader.info/node/34

MT4 instruction


Quoting shodka8
Hey all

My names Amit, I am a 19 year old university student from Toronto. Got an account on marketiva, and have been trading for about 5 months just on fake money on and off. Enough of my background.

I have read mark mcrae's book on known as sure fire forex trading. I traded fake money using the method and had about a 75 percent profitability ratio when comparing winning to losing trades.

However I am now in search of something better and have implemented the sidus method.

The question
Does anyone use the sure fire forex trading method?
If so how do you like it and what are your opinions on the method?

Also any advice would be appreciated as I am a fairly new trader. I have started reading up on the vegas method (holy grail)

I am also in desperate need for a complete tutorial on metatrader, if anyone can help out that would be greatly appreciated.

Thanks all
  • #3
  • Sep 21, 2006 8:55pm Sep 21, 2006 8:55pm
I have not heard of this book, but this forum has a plethra of good info to get you started..
  • #4
  • Sep 21, 2006 9:16pm Sep 21, 2006 9:16pm
Mark's methods are very well laid out and simple to stick to. He focuses hard on risk management as well. If only his site didn't "look" like all the other con jobs out there! LOL

I hadn't found the Forex Factory at the time. But I beleive both have been a great stroke of luck on my part when I look at the crap on the other forums etc.

I bought the "Traders Secret Code" course right at the beginning and it's got about the same hit rate as you mention maybe a little better.

I've read the Surefire Forex Trading book and it is seems well written too and looks like a good method.
The TSC one was an online video course and it FINALLY sorted me out with my fibonacci techniques. And it's cheap at $99 bucks!

Watching him approach a trade and hearing his thought process is a bonus as well. You even see him make errors in setups and correct them!

When I hear of people spending many thousands on useless courses I feel lucky for coming accross Mark's site early on in the peice..

If I could give any advice it would be to stick to the surefire method and see if you can handle it on a live micro account or something. It's hit rate is up there with the good ones. You can improve on it by studying James16 public chart thread and learning his price action techniques for example.

To have a method that you are confident in and makes you money is handy for when you get down and depressed on other methods and techniques you are learning. I use the TSC method for this purpose. It's basically kept my account going while I was screwing around and overtrading etc with other methods.

Seriously! Consider perfecting the method you are being successful with.
To have "Ole Faithful" to go back to when others are stressing you...
That's a massive psychological hurdle you've jumped then.

Learn the others on the sidelines as you go...
Vegas' and Jim's methods (and from what I read Dial's Knife) are good too. But it's more information clouding your mind when you already have something to build an account with. If you get what I mean??

Anyway, good luck!
Bundy's status today: "Waiting..."
  • #5
  • Sep 21, 2006 9:31pm Sep 21, 2006 9:31pm
Quoting bundyraider
Mark's methods are very well laid out and simple to stick to. He focuses hard on risk management as well. If only his site didn't "look" like all the other con jobs out there! LOL

I hadn't found the Forex Factory at the time. But I beleive both have been a great stroke of luck on my part when I look at the crap on the other forums etc.

I bought the "Traders Secret Code" course right at the beginning and it's got about the same hit rate as you mention maybe a little better.

I've read the Surefire Forex Trading book and it is seems well written too and looks like a good method.
The TSC one was an online video course and it FINALLY sorted me out with my fibonacci techniques. And it's cheap at $99 bucks!

Watching him approach a trade and hearing his thought process is a bonus as well. You even see him make errors in setups and correct them!

When I hear of people spending many thousands on useless courses I feel lucky for coming accross Mark's site early on in the peice..

If I could give any advice it would be to stick to the surefire method and see if you can handle it on a live micro account or something. It's hit rate is up there with the good ones. You can improve on it by studying James16 public chart thread and learning his price action techniques for example.

To have a method that you are confident in and makes you money is handy for when you get down and depressed on other methods and techniques you are learning. I use the TSC method for this purpose. It's basically kept my account going while I was screwing around and overtrading etc with other methods.

Seriously! Consider perfecting the method you are being successful with.
To have "Ole Faithful" to go back to when others are stressing you...
That's a massive psychological hurdle you've jumped then.

Learn the others on the sidelines as you go...
Vegas' and Jim's methods (and from what I read Dial's Knife) are good too. But it's more information clouding your mind when you already have something to build an account with. If you get what I mean??

Anyway, good luck!




THanks for the great info, appreciate it a lot. I think im gonna stick to sidus for now and see how it runs. I truly wanan design my own working system, and i know this may take me some time
  • #6
  • Sep 21, 2006 10:22pm Sep 21, 2006 10:22pm
I don't know Risk Reward Ratio is or how much screen time is involved, but if your winning 75% of the time already you should stick with it.

Just my opinion.
  • #7
  • Sep 21, 2006 10:30pm Sep 21, 2006 10:30pm
Quoting smjones
...a plethra...
Good word!
  • #8
  • Oct 10, 2006 10:44am Oct 10, 2006 10:44am
Hmm... everyone who have traded with the surefire forex trading, how much do you have to start with to trade the strategy? same with the "Traders Secret Code" is any of them good for beginners?

ThX
  • #9
  • Last Post: Oct 10, 2006 1:17pm Oct 10, 2006 1:17pm
Quoting bundyraider
Mark's methods are very well laid out and simple to stick to. He focuses hard on risk management as well. If only his site didn't "look" like all the other con jobs out there! LOL
I agree. The majority of the "$97" trading system sites are just plain junk, but Mark's site is a notable exception. I've never purchased any of his material, but I'm on his mailing list, and I've gotten a lot of good information from him free. I may have to purchase his system just to pay him back for the free good stuff I've gotten from him! Yes, Mark does stand above the others, and it is indeed a shame that his site looks so much like the scam sites. But I guess that look is what attracts customers. <sigh>
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