Part 1 - Full Review of “Futures Trading Secrets”

by admin

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.