Five Minute FTSE Trader Review

| February 19, 2010 | 9 Replies

Product Name: Five Minute FTSE Trader

Author: Mark Rose

Company Name & Contact Details:
Canonbury Publishing
Unit 1, Hainault Works,
Hainault Road,
Little Heath,
Romford
RM6 5SS
020 8597 0181
info@canonburypublishing.com

Headline:

“If you can spare just 5 minutes on a Monday morning I’ll show you an easy way to turn £500 into £15,236 in the next 12 months tax free – EVEN if you’ve never placed a trade before!”

Price: £147

Money Back Guarantee: 90 Days Money Back Guarantee.

If you don’t like the strategy for any reason then you don’t need to send the report back. Just claim a refund.

What Do You Get?

Five Minute FTSE Trading Manual, Traders Bulletin weekly email roundup plus Mark’s personal email address.

Where To Buy: http://www.canonburypublishing.com/5minuteFTSE/

Brief Summary:

Mark Rose is a relatively new name on the scene and he says that he has found a way for you to trade the FTSE 100. It takes just 5 minutes each Monday morning. And it’s suitable for those with no experience.

What’s It All About?

Mark Rose has found a way in which you can spread bet the FTSE 100 index – which is a list of the top 100 companies in the UK.

You will be betting if the market will go up or down.

Mark says you can check one chart on a Monday morning and then place your bet. It takes just 5 minutes.  It’s claimed by 8am you can then go about your day without worrying about the trade or checking the movements.

Do I Need Experience To Make This Work?

The claim is that you need zero experience to make this work.

This worries me somewhat because betting on the movements of the FTSE is one of the riskiest things you can do. It’s not a safe investment scheme like Bonds or savings accounts.

This should be money that you can afford to risk and potentially lose.

That said the guide is aimed at those with no knowledge of trading and will enable you to get up and running quickly.

How Much Money Do I Need To Get Started?

Mark says you can start trading with just £100. That’s because it’s the minimum that some spread betting firms will take on deposit for your account to be active.

Mark then suggests you can trade with 5, 10 or 20% of your betting bank on each trade.

How Much Money Can I Make?

It’s claimed by Nick Laight who publishes this guide under What Really Makes Money that you could have turned £500 into £1689 staking 5% of your bank each time.

If you wanted to stake 20% of your bank each time you could have made £15,236

This first figure seems to be the way to go and I would have preferred the claims to have been made on this level. It’s realistic and it’s not risking too much.

No professional trader would suggest you risk anything like 20% on each trade.  It wouldn’t take much of a bad run – which all systems get – to wipe your trading account out.

How Much Time Will I Need To Make This Work?

Five minutes is the claim.  This can work because most of these systems work on this check one chart, run a quick filter or number of tests and if the bet still exists you trade basis.

If you are completely new to trading then this won’t be five minutes. But those who have experience will pick it up easily enough.

Does It Live Up To Claims In Promotion?

Mark says he came across this strategy in January 2009 and then showed others how to do the same in August 2009.

It’s good that some people have been testing it for so long and that he has some testimonials.

The problem is that there is a real lack of proof this works.  Other than Nick Laight of Canonbury Publishing.

Nick normally produces good products and road tests them but reading this as a Mark Rose product I was left totally unconvinced.

There is no proof of Mark’s earnings. No screen shots of accounts, no real names on the testimonials.

I hope this isn’t a back-tested system with results fitted to show a promising track record.

I’ve written before about the dangers of back testing.  They are not real results and they are notoriously unreliable.  Time will tell with this one.

Review

This strategy has a success rate a little better than 50%.  That doesn’t sound great but Mark explains that the risks are limited on each trade and the upside can be unlimited.

What worries me about Mark’s system is that he suggests you can trade 20% of your bank on a single trade.  I’ve already explained this is most unusual and highly risky.

If the hit rate is about 50% and over a year 21 out of 48 bets unsuccessful then surely during this period there was a string of losses.  Maybe two or three but those would seriously damage your bank if betting to 20% levels.

Also there is a lack of information on who Mark is – I’d like to have known his background and experience.   I fear this is a back tested system and knowing that detail on his experience could have shown more light.

I did find out that Mark launched another system in 2009 – Surefire Evening Trader.

I can’t find much information on this programme, if you have any experience please leave your comment below.

The sales page for this product is now closed. At the link above you can read more on Mark and that product – Nick Laight put his name and reputation to that product so I’d be interested in the feedback.

However, I’m going to cut some slack as Nick Laight backs this up so it should have some proof this works.   Usually his products and services have been thoroughly tested.

If you try this product and don’t like what you see inside 90 days you can claim a full refund, and you don’t have to return the guide.

I like this offer and if tempted it’s worth ago, but do take your staking seriously and still to the lowest level when trading.

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Category: Trading & Investing, Trading Systems

Comments (9)

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  1. Ken Paris says:

    This 5-minute system is quick and easy to operate, but there is only one bet per week, on a Monday morning. I’ve had it for three weeks now and have lost all three bets. Risking 10% of my existing bank per week has reduced my original £200 to £145. I shall probably return it, as I’m always unimpressed when a system gets off to a bad start. Regardless of whether the next bet wins or not, my first month will be a losing month. In the event that I do hang on to it, I’ll let you know how I get on over the longer term.

    I also bought Mark’s Surefire Evening Trader system last year, and on receiving it looked at the previous results on a spreadsheet. I was so unimpressed by this one that I didn’t risk any money on it, but sent it straight back for a refund.

    Best Regards,
    Ken.

  2. Jay D says:

    Many Thanks Ken.

    I have also tried this system with losses.

    It also worries me when someone brings out a so called simple system not once but twice. If I knew of the other system I would have steered well clear.

    Full refund on this for me.

    I do know of a system that does work but obviously do not want to market it on here (I have no connection) so if More Money Review would like to contact me about it they can.

  3. Slim says:

    4 losses in first five Mondays! Refund is on its way!

  4. Bryan says:

    I’ve also lost money & will be getting a refund. Very unimpressed

  5. carol says:

    Message to Jay D

    I am interested in that profitable forex system you talked about on march 9,2010, any chance you could share your ideas as am looking for a system that works please??????????? Moremoneyreview will give you ma details

  6. Kevin says:

    Tried both these products, Five minute FTSE trader and the Surefire Evening Trader, and they both lost me money. The claims for both products were not substantiated and I’m surprised Nick Laight put his name behind them. I’m quite prepared to give a program the opportunity to prove itself but both proved to lose me money. The refunds were grudgingly paid back to me.

  7. ramz says:

    M.Rose has now got another system (TIME SHIFT TRADER).Supposed to work at lunchtime UK – and again takes just 5 minutes/1 website price check.Offered via ‘clickevents’-who are v.reputable I think.Thames publishing supply with 30 day guarantee.However there is not much info and a basic website with no beta tester comments or any testimonials.I have not bought any of his products and having seen comments here I will also refrain until I find more info-anyone know more?

  8. molass says:

    Hi Jay D

    I too round be interested to hear about a system that works please. Was seriously tempted to buy this system til I read the reviews!

  9. hashen says:

    jay d, any chance of sharing that good system you mentioned?

    hashen

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