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Thread: Forex Trading Coaches.Com Review

  1. #1
    marc walton's Avatar
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    Thumbs up Forex Trading Coaches.Com Review

    Quite a few members have taken advantage of the $4.95 trial to forex Trading coaches.com & subsequently decided to join full time: Members comments/reviews can be found below this post.

    UPDATE 4th July 2011 Special Offer to new & returning forex trading coaches members:

    Hi, Steve at Forex Trading Coaches has agreed to a special offer for the next couple of weeks up until the 15th July 2011. 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.


    The thing I get asked the most about is when I will start a "live" trading room? Dean & I are looking to do a few webinars a month, starting in September but the problem is I simply do not have enough hours in a day to do anything full time.

    Enter Forex Trading Coaches.com.

    I was told good things about these guys a few months ago & i have just signed up for the trial offer so I can have a look around their operation. Here's what one of the partners, Wade, tells me they offer:

    Up to 60 hours a month of live trading room with live market analysis.

    We give LIVE webinar training 1 to 2 hours a week so 4 to 6 extra hours on top of the 60.

    We have 6 months of LIVE/Recorded FAST-TRACK training where we took live market info and showed how our system worked along with live training on all of the elements of our system.

    On top of that they can review and watch our MACD 3 Forex Trading System video tutorials and in another whole section we have another vast library of technical analysis videos that cover 5 years.

    SO we try OVER deliver for the relatively small monthly fee.

    We also pay a lot of attention to our members...especially the ones that step up and show they are serious.

    I mentioned a few weeks ago that the owners of Forex Trading Coaches.com were offering a 1 week $4.95 trial to their service. They were going to cancel this offer but I have persuaded them to continue it for at least another month, for your no risk trial, click here:

    Click here to register yourself for a 1 week $4.95 trial membership (no credit card required). We've discovered a KILLER "Sweet Spot in the forex market!"
    Last edited by marc walton; 21-05-2012 at 06:10 PM.

  2. #2
    capsmart's Avatar
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    I also wrote in another part of the forum about FTC
    It is a very sound system. The first time I saw the video I said. Ah it is very easy. Then listening to the fast track it sounded a little bit more complicated. Then when I entered the room for the first time I was confused.
    Now after 1 week in the room, the fast track and reviewing the videos that explain the system I cannot say that I could take my own trades but I understand what they talk about in the room.
    Marc you will see that during those 60 hours they do not talk all the time. I think you do the same for yourself except that you do not speak loudly. When the room is opened you just see the chart screen and an arrow that moves around, a change in time frames, some lines that are drawn etc later come the explanations.
    "We are going to take a trade at this level because this and this reason". Then if something happens we have an update otherwise the mic remains silent for 45 minutes or more.
    With the fast track is different. For an hour or more, twice a week, after London close, Wade or Steve speak explaining the system again but using the current situation. Each fast track adds details that refine the system. In a way it is a repetition but there are always new elements.

    Now concerning your live room.
    Your daily review is invaluable but a quick update of the situation during the day, maybe at the close of a 4h candle, 15 min every 4h, 3 times a day could clarify some situations. One hour after London open, just before US open, and then 4 hours later at London close. The last one could be done by the members in a rotation since it is going to be like a wrap up and will not be "critical" for the rest.

  3. #3
    raa
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    Hi guys. I have been with FTC for around a month now. They do their live trading webinars from 5:45 AM California time for about 3 hours with breaks, two times a day they run educational fast track webinar (all of them available recorded on the website) which is also a great value. You don't need to follow their live webinars on permanent basis and very soon will be able to apply the system to any market, and possibly more pairs then they use (they use 3 pairs), but it's great to see theory applied in practice with all commentaries, all questions asked, all stones turned. I started to follow it less than a month ago, and have already many successful trades with it. In fact MACD3 trades were almost the only successful trades I have had lately, any pre-analyzed trades were not working for me, stopped out, or lost in most cases.

    You don't need to watch tick charts like a mad man with this system, but you want to keep looking at price action every 5-15 minutes to find a trade opportunity if things are lining up, then you will wait for the possible entry near a top of an hour, i.e. from :45 to :15 every hour for price to hit your levels. Usually I put forward orders there, at about :30-40 and deactivate them after :15.

    Lately they start also to tech how to apply same principles for longer swing and position trades off monthly, weekly and daily charts. The theory is so elegant and logical, so it may work at any time frame, higher the more predictable of course (but bigger SL). For their core system they use from 12 to 38 pips stop losses depending where you enter and what is a spread. I.e. for EU I have SL of 37 pips for level 1 entry and 12 pips for level 2 entry. First target is 25 pips. All entries, and trade management are based around 25-pip levels, i.e. 1.5000,1.5025, 1.5050, etc.

    Their trade log shows above 95% success (in recent weeks that was lower, still above 60-70 I believe), because of strict entry rules and trade management policy.

    In training videos and live webinars they do not speak too fast and are perfectly understandable.

    System is not related to M2, I guess, but has same principles of pull backs, support and resistance, but also applies a multi-level analysis of momentum and divergence.

    I had switched to a paid membership and count the price of what they are offering for to be a total steal (130 usd monthly), the only one I have seen so far to be on the same page as ForexMentorPro. I believe participating in both will greatly benefit anyone, as they compliment each other. Marc provides wider analysis and teaches more different things, and suggest longer time frame trades, but those guys offer a very technical system with clear rules to determine entry, exit, sl, qualification and disqualification, and one of the greatest benefits is a live webinars, live trades with commentaries, and getting your questions answered immediately and in the current context.

    I want to thank Marc again very much for pointing this one out, the combination fo FXMP and FTC is fantastic and I would recommend it to anyone!

    Edit: I have decided to illustrate the article above with a result of a successful today's trade on GBPUSD. Green circles - two entries, red circles - exits. I have entered first at 1.5275 level, price continued up, I added to position at 1.5300, price was bouncing, giving good signs of exhaustion, but remembering violent spikes lately, I have increased my SL level and added one level up, 25 pips to 1.5338. I exited with a second position at 1.5275 collecting 25 pips on it, and let the first position to trail down, moved to break even at 25 pip profit, at 50 pip profit I closed half and move SL to 15 pip lock-in, at 75 pip profit I exited completely as it was a recent low tested several times.
    Last edited by raa; 15-08-2011 at 06:58 PM.

  4. #4
    raa
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    A short description of a real trade is added above.

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    Alexa is offline Junior Member
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    Thanks raa and marc. I have signed up for the trial period and have joined the live session. It looks as though they trade the NY session. I haven't had time to view all the information yet, just the introductory video. Looks interesting.

  6. #6
    raa
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    Quote Originally Posted by Alexa View Post
    Thanks raa and marc. I have signed up for the trial period and have joined the live session. It looks as though they trade the NY session. I haven't had time to view all the information yet, just the introductory video. Looks interesting.
    Welcome. They are trading NY, as they are in California and have to start at 5:45 AM their time for NY open live room. But the thing is once you master the principles you can apply it at London as well, and possibly on some other pairs and longer time frames too. I had asked Wade after I joined why they trade those particular pairs, he said because those are volatile enough to produce consistent setups but still very much predictable.

    I was trying to apply analysis to GBPJPY but this pair is totally crazy. Plus the spread is way too big. So I am of opinion that it is best to stick to what they teach and follow and master. Then the longer time frame analysis can be applied to any pair I believe, but this is a next step. Stick to basics first, master the roots.
    Good luck!

  7. #7
    forextradingcoaches is offline Junior Member
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    Hi Marc,

    So Marc this is what we have decided. We will be changing the wording on our strategic partners page to reflect that we will not be adding new partners without approval. In other words we are only going to take on certain strategic partners like your company that meet a certain quality standard.

    Having the summer months slow down a little during the New York open was one the best things that could have happened to us because necessity is the mother of invention.

    Our MACD 3 system has been so incredibly accurate we had no reason to do anything else.

    Well, now we have actually perfected short term trading to a level we have never seen anywhere in the last 6 years. Our additional trades are fantastic. Its based on our MACD 3 principles and it is worth its weight in gold.

    In fact we are so confident about our method that we are stepping it up a notch and actually getting on and telling people in the room that the setup is now and we are getting in right now, live while its happening.

    We have been working behind the scenes with Marc throughout the summer to bring our LIVE MACD 3 Traders Community to Marc's wonderful group of dedicated forex traders.

    We fully expect to give out 1 to 5 trades this way per morning and should average 30 to 50 pips or more per day on average, not even including our traditional MACD 3 trades which we have already started coming back into play in a big way. We are fully expecting to be 80 to 90 percent accurate or better still maintaining a small stop loss of 20 to 35 pips plus the spread depending on which trade setup it is.

    So while everyone else is worried about their leverage being taken away and the market not providing as many trades as normal we are positioned very well with 2 to 5 trades a day on average. They can take all the leverage away and our members will be just fine. Our additional trades will never slow down.

    We are not messing around here Marc and we are very serious about our strategic partners, so with that being said the time is now to rock and roll and for both sides to get very serious here in a big way.

    Our two companies sincerely try to guide people in this market and not alot of people do a better job with it.


    Prepare your members that if they stay seriously committed to the MACD 3 LIVE Trading Webinar for at least 30 days we would be surprised to see them have a reason to leave.


    In fact after 30 days most members that put in the time recognize the tremendous value and usually upgrade to a 3 month membership to take advantage of the discount savings.


    Especially when your members see these trade calls play out right before their very eyes over and over again while using a very patient, timed, predictable and consistent methodology.


    There is no contract and members can cancel at any time. This is what they get as a member of the MACD 3 LIVE Traders Community:


    1. ( 32+ hours a month) MACD 3 LIVE Signals Traders Community US Open Webinar Monday thru Friday 5:45am PST to 9am PST -



    We give show our charts and give out live market analysis mapping out the playing field. We post the MACD 3 Trade levels on the board and we give out the additional trades LIVE as they are setting up guiding our members through every phase of the trades.


    ** We will ALWAYS only ever recommend that you take these trade in your DEMO ACCOUNTS ONLY and whatever you decide to do when you feel you are ready is your own business.**


    30 Day Money-Back Guarantee. Click on this link to get started now!


    2. Emailed MACD 3 Trade Signals - Each day by the rooms closing if we have MACD 3 Trade Signals that have not hit their entry price levels, we email them out to the membership because they often get triggered during an Asian open or London open which works out nicely for those that cannot attent the morning webinar.


    3. (4 to 8 hrs a month) Tuesday and Thursday LIVE Interactive FAST-TRACK Group Training Webinar 30 mins to 1 hour.


    We teach you the system so that you can have the chance to become empowered and self reliant while sticking around and helping us grow our MACD 3 LIVE Traders Community! We are totally committed to you and we are looking for totally committed traders.


    If you can't make it they are all recorded and archived for access to 24 hour training.



    4. (FREE DOWNLOAD) Forex Trading Coaches MACD 3 Forex Charts Pro Enhancements and MACD Trade Assistant EA -Works with any MetaTrader 4 broker of your choice! Our FREE GIFT to you even if you decide to cancel your membership.


    We spent 6 years and lots of money programming these chart template enhancements. We would never trade without them! There is full online documentation that you will have access to once you download and install the charts.


    5. Email and some Telephone support Monday thru Friday only.


    6. (about 2 hours) MACD 3 Forex Trading System Video Tutorial Course -


    This video course will show you how you can start to put the odds in your favor on every trade like Marc is helping you to do. You can start to see the market in the way you are intended to. We've taken all the arrows, paved the way and have this wrapped up in a nice little package.


    This is our 6 years, 12 to 14 hours a day hands on knowledge, broken down into a completely solid and predictable method of execution. This solid foundation can allow a trader the chance to see consistent results that builds confidence along with a winning expectation mindset.


    As you know Marc we have a goal to give out forex trading signals and to train a group of traders in our system to help us grow our LIVE MACD 3 Traders Community. We appreciate your efforts a great deal Marc and we look forward to continuing to work with you and your membership.


    30 Day Money-Back Guarantee. Click on this link to get started now!


    Wade and Steve


    Forex Trading Coaches
    Last edited by marc walton; 28-12-2011 at 06:24 PM. Reason: put link in wrong at first

  8. #8
    ta2oo's Avatar
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    Hi Marc and ForexTrading Coaches.

    I'm sure I saw a post earlier in the week from Marc that ForexTradingCoaches have re-introduced the FMP offer of reduced subscription. Can you let me know how long this offer is available for and what the reduced subscription will be?

    Also, if the reduced subscription is available still how do I apply to take benefit of the offer.

    I'm interested in subscribing and learning a new system. I trust Marc totally and have learnt and am still learning a lot from his daily blogs, as Marc is a strategic Partner I trust his judgement.

    There are so many sharks out there and I've been bitten a few time, makes me extremly wary.

    Hope to hear from you soon.

    Phill

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    Quote Originally Posted by ta2oo View Post
    Hi Marc and ForexTrading Coaches.

    I'm sure I saw a post earlier in the week from Marc that ForexTradingCoaches have re-introduced the FMP offer of reduced subscription. Can you let me know how long this offer is available for and what the reduced subscription will be?

    Also, if the reduced subscription is available still how do I apply to take benefit of the offer.

    I'm interested in subscribing and learning a new system. I trust Marc totally and have learnt and am still learning a lot from his daily blogs, as Marc is a strategic Partner I trust his judgement.

    There are so many sharks out there and I've been bitten a few time, makes me extremly wary.

    Hope to hear from you soon.

    Phill
    I´m also interested in trying this service. Will join next week if ther´s a good deal available:-)

    Thomas.

  10. #10
    capsmart's Avatar
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    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.

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