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Fool Proof Method Review
Nowadays, we live in a world that is changing every day. And this happens in any area of work, including in trading. Improvements are made on a daily basis and you can discover this by seeing how easy the whole processes are these days. All kind of strategies and tools appear on the market, with the end goal and making it easier for you to earn more money. This is the case with the strategy we are going to discuss today, called the Fool Proof Method. It seems to be an interesting approach to trading, so it is worth reviewing it. Let’s see what it is about.
What is the Fool Proof Method?
Basically, this method is a sort of strategy that is to be applied to trading by anyone, no matter their experience in trading. It is actually a strategy like any others, with indications and steps to follow, in order to predict a position of an asset. Also, it is based on technical analysis, so it cannot be a scam, since technical analysis is the most efficient and the most used method of predicting outcomes in trading.
The Fool Proof Method was created by Will Jameson, who admits that he discovered it by mistake and that is why, it is called like this. He deposited only $200 in his account, and by using this strategy, he managed to make more money every day. Even though the strategy does not imply a great degree of risk and thus the profits will not be huge, still it counts as a great way of making money.
How to get there
Well, in order to be able to gain access to the strategy, you just have to enter the website foolproofmethod.com and to leave your e-mail address in the indicating box. Then, you will find out exactly how the strategy must be applied to the trades. The page where you will redirected after entering your e-mail address contains a lot of information about everything you may need to know about the method. There is actually also a 19 minutes video, explaining visually all the steps you need to take. Below the video, there is the complete guide of the strategy we will discuss further on.
Also, another thing that must be considered is the fact that Will, the creator, advises traders to use the platform of Stockpair for applying the strategy. This is due to the fact that he himself used this platform when he discovered the method, so it may be that it could work only there, thus it is not sure. He says that investors are free to choose any other broker, but he does not guarantee that it will work. But if singing up at Stockpair, the strategy is indeed guaranteed to be really efficient.
So, the strategy is offered to you for free, as you just have to access the website and enter your e-mail address, in order to find out what steps you have to follow for putting it into practice. It is not a tool or a system you have to download and install, but basically a strategy like any other you can apply. However, you do need to fund your account with some money, so that you have enough for investing into the trades you want. You can choose to deposit the minimum requirement, like Will did. It turned out just fine for him.
The first step of any trading process is choosing the asset, right? Well, in the case of this method, this is also applied. But you cannot select just any asset. The strategy says that it must be a currency pair, in order for you to take advantage of the best results possible. But why specifically currencies? Well, this is mainly due to the fact that this category of assets has easier to predict movements. Moreover, the average fixed return in the case of these assets is of 78%, which is really good.
After choosing any currency pair that you want, you must click on ‘Technical Analysis’, one of the sections of the platforms. Using technical analysis, you will basically learn how to spot a trend on the market. This is explained to you on Will’s platform and it can also be synthetized in a few steps. Basically, on the chart, you will notice a blue line and a black one. By analyzing them, you will try to predict whether the price of the asset you choose for trading will increase or decrease. Basing our assumption on the fact that what goes up at some point must also go down and the other way around, the prediction will state the following: if the black line nearly touches or crosses the upper band of the blue shade, this means that the price will decrease, most likely. If the opposite situation happens and the black line is nearly touching or crossing the lower band of the blue shade, then the price it is most likely to go up. That is all and if you understand it, then the hard part is over!
Now, let’s move on to actually putting the strategy into practice! Firstly, you have to watch the price of your asset and if and when it will be getting closer to touching one of the bands, you must open the position. The trade will be of 90 seconds, and you also have to decide for a direction of the price, based on the theory above. Enter the investment amount, which will be of $20, no more or no less. Your position has to be successful, with a 78%.
However, if you do not end up profitable, there are solutions. Place a similar trade, the only difference being the investment sum, which should be this time of $50. This will help covering the losses of the first trade and will reward you with a nice profit.
If this second solution does not work either, you still can make some profits, as there is another step the strategy states in order to help you in case of losses in the second trade. However, you have to know that this happens very rarely. You should be profitable from the first attempt or the second one. Well, this second solution implies opening a position with the exact parameters as the first and second one, only with a different investment sum, which this time should be of $120, no less and no more. This should cover for the 2 prior losses and should also get you a nice profit overall.
Well, as you could see from this short description of this strategy, it involves a quite good approach to trading, as it minimizes risk and it also does not allow you to invest big sums, so no big losses can happen, this also being a real advantage. Moreover, think about the fact that it does not cost you anything to gain access to this strategy! And the results will be great, as many other traders have succeeded in making a lot of money. Of course, you will not get richer overnight, so the profits you will be able to earn will be just enough. So, wait no more and start using the Fool Proof Method!
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