Courses Infomation

Sure Fire Forex Trading by Mark McRae

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

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 Surefire Forex 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.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Sure Fire Forex Trading by Mark McRae