Forex Trading Coaches.Com Review

[marc walton]

Hi Guys, Forex Trading Coaches have agreed to reduce their fees to $129 a month for our forum members for the next couple of weeks.

For those who join now that will be the price throughout the length of your membership. They have also agreed to a $4.95 5 day trial again, this is the link you were asking for:

Forex Trading Coaches, Special offer

Its not very clear, but if you go to the "sign up" page, you need to tick the top box for the special offer/5 day trial

Forex Trading Coaches $129 Monthly Membership w/ 5 Day Trial - $129 Grandfathered Price ($129.00 for each 30 days.)
Regards,

Marc

[Wade]

I hope that you both read my comments and Raa's comments.
They have a sound system. And I believe they are profitable traders and they certainly know how to trade.
As we both said they spend a lot of time advertising their service, they do not want people to talk between them, so you never know how many are on line. Not all comments go public. There is no forum and private messages for discussion. But this is the "social" part of the service.
Concerning their trading in order to justify their presence they keep repeating the same things, analyzing past trades over and over again.
But by all means even it is for a month or two it is worth it.
Just let us know from your experience.

Hi Vassilis just wanted to say hi and make a few comments. We use Gotowebinar and that system does not allow us to have everyone talking to each other at the same time. We have a very structured LIVE trading room and people are distracted enough as it is at times so we make sure they focus is on what we are talking about and trades we are looking for. We repeat some things sometimes because we have new people coming in all the time and they also need to see how the previous days played out as well as what is on the table for today. When it comes to the FAST TRACK live training you are right we do repeat trades over and over again because that is what we have found is most effective in teaching.

The MACD 3 Sytem both Traditional and Additional trade will allow a trader to use a very specific set of rules that can allow them to see the market in a whole new way. This means that the truly committed trader would most likely stay with us for at least a year or more. The system is so good it is what most of our members do because the value is so high. we appreciate the kind words take care Wade Forex Trading Coaches

[danh18]

Hi,
I am very interested in giving your service a try. I wanted to ask, what happened to the 2 week trial you mention in the main link of this forum? Is that still valid?

Thanks,
Dan

[capsmart]

Hi Danh,
First I would like to welcome you to our forum.
There is another thread where members describe their trades and results.
http://www.forex-fxtrader.com/forum/...ers-board.html
In the official MACD3 site I can only see the 5 day for 4.95$, but you can contact Wade or Steve and ask them about the 2 weeks.

[notime]

The MACD3 system is a trend following system where you find the time frame that is out of alignment and wait for a pullback before entering with the major trend. If you are in with the major trend there's a WHOLE lot of pips to be made?????

Steve does a great job explaining what has happened on the charts, he seams to be amazingly at one with what has happened, but NOT necessarily so with regards to what may be playing out on the charts.

If you get on their training you'll often see large numbers of pips pass them bye while they're sitting around waiting for trend realignments. And when that happens they'll often not even take a trade. If one could read the charts as well as Steve one would think that at least some of the big pip movements passing bye could be caught. Most all their setups do not setup till the European session, great if you live in Europe.

If you look at their trading record you'll see that most ALL the trades are small scalp trades, with the exception of a few that were lucky enough to get caught in the right direction of a news announcement. For a major trend trading system, if one could really read the charts as well as Steve, 200-300 pips should be common place.

When I say they I am referring to Steve and Wade, I do not know why Wade is even there. They are both supposed to be knowledgeable on their MACD3 system. I heard on one of their daily sessions Wade mentioning a small realignment on the one minute for one of their additional trades, they do not trade off the one minute chart, but what transpired in their conversation is what I am referring to, Steve corrected Wade in that the realignment was not a 1 minute but a five minute. Makes one wonder if Wade really knows what is going on.

To further that hunch Wade never does any teaching, he offers credit for the day if Steve cannot make it to teach. I do not really know what their true relationship is, maybe Steve feels indebted to Wade for something as Wade seams to be Steve's cheerleader and pep talker to get subscribers to keep paying for monthly memberships.

All in all I would say, give them a try just do not sign up for more than one month as you maybe disappointed in hearing an expert coach you but not take qualified trades, all the while seeing large numbers of pips fly out the window and their setups waiting for the night owls.

[Wade]

The MACD3 system is a trend following system where you find the time frame that is out of alignment and wait for a pullback before entering with the major trend. If you are in with the major trend there's a WHOLE lot of pips to be made?????

Steve does a great job explaining what has happened on the charts, he seams to be amazingly at one with what has happened, but NOT necessarily so with regards to what may be playing out on the charts.

If you get on their training you'll often see large numbers of pips pass them bye while they're sitting around waiting for trend realignments. And when that happens they'll often not even take a trade. If one could read the charts as well as Steve one would think that at least some of the big pip movements passing bye could be caught. Most all their setups do not setup till the European session, great if you live in Europe.

If you look at their trading record you'll see that most ALL the trades are small scalp trades, with the exception of a few that were lucky enough to get caught in the right direction of a news announcement. For a major trend trading system, if one could really read the charts as well as Steve, 200-300 pips should be common place.

When I say they I am referring to Steve and Wade, I do not know why Wade is even there. They are both supposed to be knowledgeable on their MACD3 system. I heard on one of their daily sessions Wade mentioning a small realignment on the one minute for one of their additional trades, they do not trade off the one minute chart, but what transpired in their conversation is what I am referring to, Steve corrected Wade in that the realignment was not a 1 minute but a five minute. Makes one wonder if Wade really knows what is going on.



All in all I would say, give them a try just do not sign up for more than one month as you maybe disappointed in hearing an expert coach you but not take qualified trades, all the while seeing large numbers of pips fly out the window and their setups waiting for the night owls.

Hi Randy or John. Wow I'm a little surprised why you post this review a full 7 months later when you know all the positive reviews we have also had. We apologize that you did not have a good experience at the exact same time so many others did.






Such personal attacks. Your hunches are not correct and should not be published without facts. One time Steve and I had a miscommunication and he thought I said something about a 1 minute chart. Rather than correct him I didnt think it was a big enough deal to stop him and that I would tell him later. We have our roles within our company. All I can say is this review is way off base.

You latched onto that one thing and assume alot. Here are others people reviews at the same time you were a member. You posted one of your reviews on 1/12/2011.

Shaun, UK

1/11/2011

I subscribed to the 5 day trial after seeing FTC on here.

After a couple of days I knew I was onto a good thing and took the plunge with a 6 month membership (I like to commit to things) and also paid for 2 hours of coaching.

Its been around 10 days since I started and already I have paid for my membership many times. Just this week, for example, I am up 4% each day, just trading the London morning.

There is a trading room each day in the UK afternoon, and training webinars twice per week.

This system really does work, and Steve and Wade put so much time into this that you really cant fail, just put some effort into watching the training videos and you will soon be flying.

There are members who are getting crazy amounts of pips per day, of which I will soon be one!

I haven't yet used my 2 hour personal coaching, I am going to save it until I get more advanced at this.

Also, Steve and Wade are honest and easy to get along with, always reply to emails and answer questions. They really want to create a community of successful MACD 3 traders.

Another just 7 days after you.

1/19/2011
Rob Hanks

I have traded various markets for over 12 years and sunk countless dollars into numerous systems which lost countless more. Having been a member now for two months, I can assure you this is the real deal. If you are serious about trading, this is where you want to be. To be honest it took me longer to become comfortable with the system than I thought it would. I can assure you though that if you stick with it and go through all the training it will be rock solid in your mind and definitely boost your account.

They run a trading room which covers the first part of the New York session but once you are comfortable you can trade anytime on your own. In addition to the daily trading room they also have a one hour long training session held twice weekly. All questions are answered. Each training session is recorded so if you can't make it, no worries. Just go back and listen to past sessions whenever it is convenient.

This is mainly taught as day trading but can easily be applied to whatever timeframe suits you or for that matter whatever market. The system is very clear but it does take some time and effort to become proficient at it. As with anything in life, the more you put into something the more you will get out.

Although it may appear to be a scalping strategy at first glance it is definitely not. The system wins approximately 85-90% of the time with relatively small drawdowns and tight stops (usually 20-35 pips). Although you will have loosing trades, most days end up profitable. How many systems do you know of that can walk away profitable most days? It is very possible to pay for an entire month's membership in one day's trading. There is a spread sheet on their website which details trades that were called out in the room. There are many more opportunities that setup outside of the room but they still hold the same high rate of accuracy.

I make my living trading the markets. This system is all I use now. All the other systems are sitting next to me on my shelf collecting dust!

One word of caution. They offer a free 5 day trial. Don't expect to master the system in 5 days. You will wind up cancelling before you see the true benefit. Give it some time. It took me about a month for it to really start to come together.

And then this guy 2 weeks later?

Richard L.A.
1/28/2011

I have been trading FX for over 3 years and I can tell you that Steve and Wade are the real deal. I have watched them consistently for 3 months now and their track record is what they say it is. Not only do they give out consistently winning trades in the room but the education is gold. This is the best I have ever seen.

Or even this guys most recent review

3/10/2011
Ron

I am an experienced forex trader and have been with Steve and Wade for four weeks now. I joined their room to see if there was anything new I could learn from them.



I understand some of the reviews because there haven't been many good setups in the room recently, but there have been many good setups outside of the room and traders who have learned the system have been able to take advantage of these wins.


I think some people are missing the value of the larger part of this educational service which is the ablity to learn a quality trading system that is fully explained and with ongoing training sessions filling in any gray areas of the system with excellent instruction. I've never seen training this good available to the public. It's like receiving an MBA in chart reading.

Their system follows the basics of solid forex trading. I'm not going to give it away, but I will say that in basic structure, it is similar (better) than a successfull system that I have traded for some time.



I'm afraid that some in the room want a signal service, but that's not really what this is.


It's a complete educational system, that, if you stick with it, should make you at least a winning trader and possibly quite a bit more than that if you have the aptitude.



The fact that the trading room (which runs from 9 to noon EST) didn't hit many trades recently is irrevelant. Much of the action recently has been in the London session.



If you know what you are looking for and understand the system, and are willing to be up for the London hours, you would have cashed in. Recently, Steve and Wade have been sending out emails before they retire at night telling London traders what to watch for.



These e-mails give traders confidence that what they are seeing is real when it happens live.

Here is the deal. Steve and Wade are as honest as they come and operate with a high degree of integrity.



When I have had questions, they were willing to spend significant time with me answering them. When I had suggestions, they were willing to listen and even act on some of them. Their system is a solid winner. But like anything else in life, you have to do your share. If you are a new trader and expect them to change your life, you need to lower your expections. Only you can do that. You have to put in the hours and do the work. Forex is a difficult game and you are swimming with sharks. If you expect to sit in a trading room and have some trades spoon fed to you that make you rich, that's just not going to happen. But if you are willing to put in an honest effort to learn how to trade, this is as good of a place to move up your trading game as any I have seen on the internet and at a very reasonable price.

One more thing. This service is still evolving/improving and I know that Steve and Wade have many enhancements planned for the future to further improve your training experience.

[marc walton]

Hi, Steve at Forex Trading Coaches has agreed to a special offer for the next couple of weeks up until the 15th July. They have been adding to the service in recent months and now cover some of London as well as their traditional New York session. Also they send email alerts to their clients showing what trades they are looking to take that day.

If you would like the opportunity of sitting in with experienced traders who are trading "live" then in my opinion these guys are very experienced traders & teachers & genuinely try offer the best service that they can

Forex is traditionally quieter in the summer months, although its still very tradeable, hence the offer. In my experience things don't calm down until the end of July, so if you are interested in Forex Trading Coaches service then now is the time to give it a try.

Here is a copy of Steves email on the subject:

Ok Marc, you twisted my arm! From NOW until July 15th we will offer a "40% off membership" for new or rejoining members. This does NOT apply to the $4.95 one week trial offer.

This includes:

1. Monthly membership is usually $129.00 with promo is $77.44 total 1st month membership.
2. 3 Month membership $345.00 with promo is $207.00 total 3 month membership.
3. 6 Month membership $645.00 with promo is $387.00 total 6 month membership.

Remember the trial is not eligible for the discount.

Please tell your members to enter in the code: summer at checkout to obtain the discount.

We still have the Live Trading Webinar and we also send out daily analysis emails
that cover the Asian and London Market for traders that cannot make the live trading
webinar or want to trade more than the US Session.

With the revised course most of our setups are in front of the big runs and we get a piece of it along with anyone else trading the system.

Hers the link to their site which explains what they offer in much more detail: Forex Trading Coaches

Marc

[Wade]

Marc is on Holiday on a desert island so he asked me to post this message for him.

Hey Marc hows it going for you? Just wanted to send you a reminder. We finally have what EVERYONE has been waiting for!! LIVE London Market MACD 3 Trade Entries. Why is this so special? We have a member that has MASTERED the MACD 3 System Setups. She has conquered her fear and greed and trades incredibly well. The System already is 90% accurate and she has maintained this level of accuracy so much so that she was able to quit her job after 8 months of being a member and studying our video course. Target Trader comes into our London Market Chatroom on Tuesday Wednesday and Thursday around 1:30 am and sometimes at 6pm PST to pop in to take a look at the Asian session. The first day is like most of what we will expect. She gave out a nice system trade on the ej for well over 50 pips. EVERYONE was loving it. This room WILL pip almost every night. If someone wants to see the MACD 3 System in action and they too want to know how to become a 90% accurate trader they can. The great thing is you dont have to sit at your computer for more than 2 hours of the market open to get into a trade. We are excited to hear lots more success stories like home as we continue to move forward. Wade and Steve

Here is the link to their site which explains what they offer Forex Trading Coaches

Marc

[Duck]

I won't dwell on this thread or the subject of FTC, but I think it's fitting to give my own opinion of them on this forum which I've not done before though I've commented about them neutrally some time back.

If they truly are doing well now, that great for them and their subscribers. Unfortunately I did not do well with them from Dec 2010 - Feb 2011. For those 2 months I did not witness any continuation of the outstanding track record they claimed to have earned over the 6 months prior to my joining. In fact I at best broke even on the trades I took during that time, which were mostly trades taken during the US morning trade room hours. I was frustrated to get IM's in the afternoon about reaching TP levels on trades which were not announced via IM when they were allegedly entered. I spent plenty of time on their training videos going through them 3.5 times, and I left FMP to concentrate on FTC MACD3 trading exclusively. I did not like the fact they used the word "signal" to headline their track records when they vocally admit/claim they are not "signals" at all. Also the counting and summing of pips as equal value regardless of whether they are full or half or 1/3 value pips (equating to trade size after legging out) is just plain wrong and deceptive, IMO.

Back then they offered a 1 month refund so I presume they still do, but it was emphasized by Steve that getting the hang of the system could take 3-6 months of practice, which obviously is well beyond the 1 month refund timeframe.

My advice to anyone considering joining is if you want to try it, fine, but unless *YOU* can witness for yourself that it really works before the first month is up, then get your refund and move on to something else. Don't take their word or anyone else's word that it really works, and ignore them when they claim it taking months to learn. Don't even bother with trying to learn it UNTIL you are convinced it really works by seeing them prove it (which of course means trading profitably beyond what random chance could allow for).

I made the mistake of giving them a second month and forfeiting my 1 month refund in the process. Sorry to say that for me, signing up with them was a waste of time and money.

Good luck....

[marc walton]

Hi, Steve & Wade from forextradingcoaches.com have upgraded their service to now include a "live" forex trading room in the London open session. If you are still struggling to find a forex strategy that works for you & would like to be able to sit in with other traders then this is your chance!

I have copied and pasted below their email update. Anyone wishing to see if the service is for them, they still have a $4.95/5 day trial offer which you can check out here: Forex Trading Coaches Trial Offer

Hi Marc, Thursday, November 10th, 2011

During our Live Trading Webinar this morning we had one of our members, who has only been with us for 6 months, share his story with us. Jeremy proved that you don't have to be a computer science expert or PHD to get trading down.

He came to us with little experience and simply followed our newly revised course and especially our FAST-TRACK Mentorship Group Webinar recordings. He shared with us that he made over 1000 PIPS in the last 3 days trading the MACD 3 System.

We have all of the tools any trader would need to become a successful trader:

London open trading chat room with several skilled MACD 3 Traders giving out trade setups
US Open Live Trading Webinar each morning where we give out MACD 3 Setups
Daily Email Trading Plan for the EURO, GBP, EURJPY and AUD for you to follow over the next 24 hours
Newly revised MACD 3 Trading Course that details 4 setup patterns that put you in front of most of the big moves
Live Interactive FAST-TRACK Mentorship Group Training Webinars twice a week that is also recorded and uploaded for you to view later
We sent you our Daily Trading Plan email yesterday to give you a taste of how that plan can guide you to MACD 3 Trading Setups. If you had sold the GBP, EURO and AUD at the levels mentioned in the email you would have been able to make over 200 pips this morning during the New York session. Many members made some fantastic pips.



Please take a moment to read Jeremy's story below. He just sent this to us today.


I'm 23 years old guys and before I found y'all. I didn't have much hope about what I was going to do with the rest of my life.

I knew I wanted more but just didn't know how to do it, so I went on the internet and started looking for ways to make money like probably most people have and I found some stuff on Forex and it intrigued me.

So me being a former athlete I thought let me try to find a Coach to teach me so I typed in Forex Coaches in Google and the first result was you guys so I clicked on the link and I read through the Website and decided just to try it out just to familiarize myself what forex was.

After that I decided to put some money into a Broker and begin to study and trade on occasions having a decent success and done this for about 4 months and 1 day I told myself that I was going to take this serious and give it my all because nothing else I believed could get me where I wanted to go beside Forex.

I then decided to dive into the Fast Tracks and it took me about 2 weeks to watch all of them during this time I didn't worry about trading.

I wanted to learn the skills so I could be successful like Hope, Alex, Charla, Niguel, & the others after I did that I finally had the confidence to take trades on my own.

The rest is history I guess because in the last 2 months of trading I have 40 Consecutive wins so far.

Steve and Wade I want to thank you guys everything and helping me decide what I want to do with my Future Jeremy


Have a great weekend!!

Best regards,

Steve and Wade
FOREX Trading Coaches
http://www.forex-trading-coaches.com