Full Review of Futures Trading Secrets

Full Review of Futures Trading Secrets

“Futures Trading Secrets - An Emini S&P Futures Day Trading Course”
Created by Bill McCready

As the saying goes, futures trading is not “rocket science,” but it does help to have a rocket scientist help you understand it. Bill McCready, creator of “Futures Trading Secrets,” is not a rocket scientist, but as an astronomical engineer, he is closer to that title than most. Before I fully explain Bill’s credentials, his methodology used to create this system, and the number of combinations he tested to create this system (it was a lot!), let’s review what is actually in the course.

As a novice to trading in general, let alone futures trading or Emini trading, I had 5 misconceptions about day trading:

• Positions must be carried over nights and weekends.
To make sure that trades do not suffer losses, a common misconception is that positions must be carried through non-trading hours. This was my biggest turn-off to trading. Who wants to keep one eye on the markets and news channel over weekends, holidays, and vacations? With Bill’s system, you can enjoy your off hours with zero risk because no trades are held past the closing bell.

• One must know everything about the markets all the time.
Anyone who has been active in day trading or portfolio management has experienced the effect of crossed eyes from watching tickers, websites, and CNBC, CNN, and Headline News. Learning every detail about stocks, futures, commodities, and foreign exchange currency pairs is not only impossible, but it is also unnecessary. You can burn out very quickly from this style of trading. Futures Trading Secrets avoids this hassle and stress.

• Futures trading requires a large investment
This misconception comes from high minimums and believing one must have a powerful computer, a costly multiple-monitor display, and an ultra high-speed Internet connection. These elements are important, but for a reasonable investment of $2,000 – 5,000 (depending on what you have now), you can have your own trading floor operational in a short period of time. Many brokers allow new investors to open accounts for a minimum of $5,000 for Emini trading accounts.

• Futures trading is like gambling
A common belief is that only those with a “get-rich-quick” mentality practice day trading. This concept is completely inaccurate because of the long term work that traders like Bill McCready have done to establish trading rules, probabilities for success, and setups that consistently make money. Futures day trading is a calculation in high probability setups, not cross-your-fingers investments.

• Futures Trading is too risky
Yes, futures trading is risky, however so is driving your car down the highway. Like driving, futures trading has rules that govern the success and failure of its participants. If you play by the rules you’ve set for yourself, (aka a “disciplined money management system”), you can do very well. On top of these basic rules, Futures Trading Secrets created a system that trades in the very short term time frame, so drawdowns are kept at a minimum.

If you’re like many traders looking for a better system, you’ve probably spent a good deal of time and money on incomplete systems, less than adequate strategies, and even more on trading losses. When McCready started trading, despite his outstanding credentials in the military and business world, he encountered the same problems. Faced with $50,000 in course materials that did not offer much trading success, he decided enough was enough. It was time to create a system that worked. His goals: high probability setups, avoidance of heavy drawdowns, and a set of rules that could guide him through any type of market direction.

On the path to creating “Futures Trading Secrets,” McCready tested over 200,000 different signal combinations, and the hard work and effort he put into it shows.

About “Futures Trading Secrets”

Bill McCready’s “Futures Trading Secrets” offers 20 hours of live trading and instructional webinars. Because of this, the quality of instruction is second to none. The written portion of the 163 page course includes nearly 70 charts, four Excel tracking and support spreadsheets, and the trading rules for pinpoint entries and exits. The course also includes five charting templates and two Ensign charting software workspaces. This allows one to trade in exactly the same fashion as Bill McCready.

The program also contains a complete trading business setup, including recommended equipment, approximate cost, data feeds, a psychological preparedness tool, signal setup, and a usage summary chart. Other important tools include a daily preparation checklist and trading plan for each day and the Futures Trading Room. The Futures Trading Room provides the benefits of continued support, active trading days, actual trading charts, and commentary on market conditions.

“Futures Trading Secrets” aids in determining which indicators are most effective, the times of the day that are best known to reverse direction, how to confirm weak signals with stronger ones, how to use support and resistance to time trades, and how to avoid deep drawdowns.

Other positive features of the “Futures Trading Secrets” system include personal phone and email support from Bill McCready; a follow-up program; a complete system of setups, charts and video commentary, trading software templates, psychological preparedness, physical equipment, data feeds, broker recommendations, new student seminars, and an affiliate program. One of the best features of the program is the under-$1,000 price tag, which is lower than most proven systems on the market.

On the downside, the futures markets described in the system trade during the work day, which makes day trading difficult for those who spend the work day at a full time job. Trading full-time is a challenge for those working during the day, and in order to be successful, it is recommend that one have the ability to focus on trading for several hours each work day in order to maximize effectiveness and exposure to the market.

The setup of the program is very easy, as “Futures Trading Secrets” recommends a specific software platform and provides templates for usage. You simply need to install Ensign Trading Software software, one of the most robust software programs on the market. Then upload the provided template, and you’re ready to begin. One of the most beneficial features of Ensign is the Demo Simulator, which allows you to practice trading when getting started, the market is closed, or is too volatile for comfort.

Other key features of “Futures Trading Secrets” include money management rules and a business plan, along with “14 Common Sense Rules for Traders.”

Money management plays a vital role in day trading. All good traders know that good money management is the key to making and keeping profits. “Futures Trading Secrets” teaches its users how to spot and trade three highly profitable chart patterns, how to enter and exit each trade with the maximum profit opportunities available, and how to trade profitably with only 21 percent win ration.

McCready’s “14 Common Sense Rules for Traders” include:

1) Paper trading is NOT trading! (Practice does not offer the same psychological effects as real trading)

2) Know that someone is always on the opposite side of your trade looking to make money in the opposite direction.

3) Impatience, fear, and greed will make you poor. Trading must be performed with controlled emotion, while knowing that winning AND losing is part of trading.

Of course, I cannot tell you all of the rules. You will need to purchase the course to learn them all.

“Futures Trading Secrets” offers a reasonable business plan to reach $10,000 per week within 12 weeks of live trading. This of course requires full time trading and dedication to the principles and timelines of the course. In order to reach this goal, it is only necessary to net two points per day. Based on McCready’s system, this is a realistic and achievable goal. One of McCready’s students, Pat S. recently hit 140 points in just four days! McCready’s plan does not claim one will make millions of dollars in one trading week, and he does not claim that new traders will become rich overnight, as some other programs do. His plan is practical and matter-of-fact, but it does supply its users with the tools to succeed, and, if utilized correctly, users can see very high returns.

With students in 27 countries, “Futures Trading Secrets” has made an impact on the way futures traders approach the their trading. Some of the program’s success stories include:

• Christian R. made $3,915 in two days
• Charles B. earned $4,200 in four days
• Mike G., who succeeding in securing $1,162 in just 45 minutes
• Pat S., who achieved 140 points in four days.

Some students let their words speak for the success of the program.

• Les W. was quoted as saying, “…the information you have made available I have found far more valuable than the previous $40,000 dollars I have spent on systems, seminars, black boxes, subscriptions and the like.”
• Dennis C. said, “Bill’s training covers it all and is by far the most honest training program Ive seen so far.”
• Duane M. made the following comment, “I am a former Traders International student, I paid $5,000 for that system, and although it may work for

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