Hello fellow forex traders. I have another update regarding Mark McRae’s Surefire Forex Trading Challenge (btw,my other posts can be found here and here). I was notified via e-mail by Mark that he interviewed one of the winners of the Surefire Trading Challenge. His name is Marcos “The Spaniard” Fernandez, and according to Mark McRae’s previous e-mail, during the trading challenge Marcos gained over 200% in one month with a live account.
That aside I’d like to comment a few things about the interview. First of all “Marcos” sounded genuine to me, and I got the feeling that the guy does know what he is talking about. He, much like so many of us, is not yet a full-time forex trader yet, but he aspires to be one. He is a professional engineer by trade and works full-time, yet he has put in the necessary hard work (I believe he mentions 3 years in the interview) to become successful at this forex game. I really appreciated his honesty when he said that the forex market is one of the hardest financial markets to trade – he is right!
My advice is that even if you end up spending money on these trading systems, it would still be a good idea to get a solid forex education. It’s that whole “teach a man to fish argument.” If you work hard at it and don’t give up you too may end up like Marcos, or possibly even more successful!
Also during the interview Marcos recommended a book that he feels has helped him tremendously in the development of his winning trading system. He did not remember the exact name of the author, but he did partially mention the name of the book. A quick Google check and thanks to the magic of the internet I managed to find the precise book he was referring to. The book is called Beat the Odds in Forex Trading: How to Identify and Profit from High Percentage Market Patterns (Wiley Trading)
and it’s written by I. R. Toshchakov. I decided to grab myself a copy as I’m interested in getting an insight into the thinking that went into this trader’s method.
So in conclusion I’d say it was a pretty interesting interview. If you want to see it for yourself browse on over to this link and enjoy:
http://www.surefireforextradingchallenge.com
Also I should mention that the interview will be online for the next 72 hours only, so if you want to see it I suggest you do it now.
Thanks for your attention.
Cheers,
Alan
http://alansforexblog.com
Hi Alan!
Thanks for your post, and for actually finding the book referenced in the interview! I think I’ll grab myself a copy too since I always want to learn more ways of looking at and trading the market. I, too, liked the interview and found it genuine, (I hope it is!)
Later!
Frank
Hi Alan
Thanks 4 sharing..
😉
You’re welcome Afco! In the immortal word of Apu from The Simpsons..”Thank You, Come Again!”
To Frank:
You’re welcome. Another good book that I found (by the same publisher) is this one:
Forex Patterns & Probabilities: Trading Strategies for Trending & Range-Bound Markets (Wiley Trading)
Or for one that deals more with the psychology portion of trading:
Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude
Btw, let me know what you think of the book recommended in the interview – if I don’t get to read it before you.