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Freedom Wealth Group aka Tactic Trading

Discussion in 'Has anyone heard of?' started by sothirsty, Jan 26, 2012.

  1. sothirsty

    sothirsty Recruit

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    Has anyone heard of this outfit?

    I did a search for both names and didn't find anything.

    They claim to have "leading " indicators. They also claim to be the largest day trading group in North America.

    It sounds fishy but they claim to have hedge fund managers using their indicators.
     
  2. Pharaoh

    Pharaoh Colonel

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    What's their website?
     
  3. sothirsty

    sothirsty Recruit

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    Website is freedomwealthgroup.com

    According to ripoffreport.com, there is a multi level marketing component to their business model. I don't really care about that if the indicators work. Just wish that I could find more information about their indicators.
     
  4. TradeFox

    TradeFox Recruit

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    Tactic is legit.

    Freedom Wealth Group, now Tactic Trading is legit. Have been using their indicators for a couple years. As far as I know, they have a few thousand people using their indicators. Maybe more.

    And yes, they want to sign-up your all your friends and believe me, your friends will happily sign-up once they see how much money you make in a few hours. But you have to take a month and a half-long course so you can learn how not to lose all your money.

    There is a video of their indicators here: Tactic Trading | Indicators

    May the FOREX be with you!
     
  5. tradeformyles

    tradeformyles Recruit

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    I've also been using the indicators that Tactic Trading provides for awhile now. I'm not perfect on my trades, but I'm doing pretty well for not knowing much about trading before finding them. They have a lot of ways to see how the indicators work. If you go to their main site (tactictrading.com) you can find a link for a webinar that is the guy who developed the indicators trading with them in real time. It's not just a recording either. It's really him trading. He does it every Thursday morning. He also has a site called Tactic Trading | Making the best Tactic Traders BETTER... where he show's his Over Night Impact Trade (onit) and the money he makes with his indicators when he sleeps. I'm more than happy to vouch for this company. Really good group of guys.
     
  6. Pharaoh

    Pharaoh Colonel

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    Why is it that out of tens of thousands of FPA members, it's always brand new accounts that only post on a single topic that pop up to vouch for companies?
     
  7. Allanbmw

    Allanbmw Recruit

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    Regarding Freedom Wealth Group/Tactic Traders- I am not a newbie to this site, but never post anything. However, I have been to FWG/TT's office here in the Pleasant Grove, UT area and attended their presentations. I am also not very interested in multi-level marketing. But so far as I can see, their indicators seem pretty straight forward and not difficult to follow. The trick is having the time and money to make something grow. I am a truck driver and am still trying to figure out how to make the transition from driving to trading. Just need a pile of cash to take the time off, I suppose! But so far as this group is concerned, even at Rip-Off Report, the owner of FWG/TT responds with a genuine rebuttal after a small claims action against him. I've never met him but based on the quality of the folks I have met in the past and my desire to want to believe the best in people, I would have to say as so many on this site say, do your home work, due-diligence, comb through their site and watch the videos and read the small print. If you are like me, I compare everything I look at to the costs of running a trucking business. There's no way I could start up such a business and maintain it for the comparatively small start-up costs of getting started here. My challenge has always been maintaining a household in addition to the costs of trading, hoping all the while I might be successful at it. I can't gamble with my home and my family the same way I might with a reserve of cash intended for an exercise in trading. So, when I think I am ready to try my hand at it, and have carved out some time and resources for that venture, Freedom Wealth Group/Tactic Traders is certainly on my list. I'd appreciate hearing from anyone else who could take the time to look into what they are offering as well. I am not expert.
     
  8. sharemyexperience

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    My Experience with Tactic Trading

    I don't claim to be an expert in currency futures or equity futures trading by any stretch of the imagination. I paid a pretty hefty price to learn this for myself--take my observations for whatever their worth--or dismiss them as you wish. I'm only sharing my personal experience with Tactic Trading. Others may have experienced different results than I did.

    My experience was from July 2012 through January 2013. I had heard about Tactic Trading from the internet and thought it might be worth exploring further. Although I saw lots of warnings from people on the web about the dangers of currency trading, I'm an optimist and dismissed the warnings. I had some changes in my job that gave me additional time and I wanted to earn some additional money. So, I decided to give Tactic Trading a try.

    How does it work?

    The way Tactic works is that you buy a membership and then subscribe to their trading signals, monthly membership, and then another trading service to run the indicators. You can check their website for details. The indicators, which are their claim to fame, are proprietary and were developed by Kevin Jones, Sr. He is a very bright and articulate proponent of the signals and he knows them in and out--having used them for years. He does daily and weekly coaching sessions to help people understand the indicators.

    They have a good library of courses that train you on how the signals work and then you paper trade for 6-weeks until you (and they) feel you're comfortable with the system. Interesting that they think you need 6-weeks to learn the system, but only offer a 30-day money back guarantee.

    Bottom Line

    I followed this plan for 6-8 weeks before making live trades; carefully taking the prescribed education and paper trading. I tried both S&P Futures trading and FOREX currency trading. I did this over five months. I didn't make an extra $200 every day. Their system didn't work consistently for me. You have to ask yourself if their proprietary system is so good, why do they sell it to others instead of leveraging for their own consumption. They could presumably make much more by trading the system themselves.

    Their claims are very seductive and enticing. I'll briefly give you my view and experience with each claim:

    - What could you do with an extra $200 every day?
    o They do a live S&P Futures trading exhibition every week to prove the indicators work using live data on a simulator. I actually had some good success trading the indicators in a simulated environment. Trouble is, simulated trading isn't real trading by a far stretch. They also made some hefty claims about income potential, but conveniently leave out the commissions/fees which can be 60% of the gain.
    o Like I said, it didn't work for me.

    - Seeing is believing. Try our indicators for 30-days and you'll be sold or you money back
    o The biggest problem I had with the indicators is that they are fluid--even when set to specific time frames, e.g. 15-min, 60-min, 1-day, etc., they continue to move;many times in a different direction than the original signal.
    o There are also hundreds of nuances associated with the indicators--they way they form patterns varies, this is not a simple system as claimed, but very complicated. I found the indicators to be ambiguous and difficult to read—particularly in a multidimensional time frame.
    o As also stated earlier, they think it takes at least 6-weeks to learn their system, but only offer a 30-day money back guarantee. What's wrong with this picture?

    - Quit gambling and start getting up to 5% daily with Tactic
    o My experience is that using Tactic Trading indicators feels like gambling. I felt that way on every trade I made. There is no sure trading signal in existence--including theirs.
    o Kevin Sr would give a daily view on overnight trading and sometimes the trade went south. The next day he would gloss over it and say the trade went just the way he anticipated. Of course, nobody on the webinar can comment (listen only) so we didn't hear anyone challenge his previous call.

    - You don't need to be a GENIUS to earn with Tactic
    o This could be true for some, but their system didn't work for me.

    Bottom Line

    There is no indicator that is close to 100% accurate. Market news impacts events in these markets
    far more than any indicator can predict. If you want a 5% daily return on your money--don't gamble with Tactic Trading.

    My experience, my losses, my mistake for whatever its worth.
     
    #8 sharemyexperience, Jan 22, 2013
    Last edited: Jan 22, 2013
  9. Allen Anderson

    Allen Anderson Recruit

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    The #1 thing Tactic says is to watch announcements and stay out of the market 15 minutes prior and post to them. This is because like you said in your quite lengthy post the indicators can not forecast changes in market sentiment due to announcements or random events like terrorist attacks. Which no one can so moot point...

    Another point you were trading live candles. Another point they make quite clear is to trade the post.
    Doesn't everyone know this isn't this the first thing one learns when trading?

    You don't need to be a genius but you do need to be motivated and willing to put the time in.
    Sounds like you just paper traded for six months without really absorbing and spending time on any of the material on how to use the indicators.

    Maybe you missed the videos on how to properly use the indicators in the market...

    I have been with Tactic for a while now a friend got me in. He only works one day a week at the moment and is up quite a high percentage. He earns 2-5% a day and is on 25 trade streak at the moment. His brother got him into it whom is completely living off the market now, whose uncle got him in.

    I was in the market prior to joining Tactic's network. Now that I have got the indicators and watched the videos on how to use them and attend the daily Webinars on how to use them... My trading success has at least doubled. If I am in a bad trade I know it rather quickly before it becomes a problem let alone rarely getting in to them anymore...

    In my opinion being a part of a trader network where you get to learn daily from a millionaire trader with exclusive indicators and ongoing learning and support... I don't see why not join? It is worth it for that alone. Daily mentoring on market trading from a proven successful trader... really what is to question?


    Allen Anderson
    allenjafx@gmail.com
     
    #9 Allen Anderson, Apr 16, 2013
    Last edited: Apr 16, 2013
  10. rongolen

    rongolen Recruit

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    WARNING!!! Here is my opinion: Watch out for what I call the "BOGUS" guarantee. That is a guarantee where a company offers you a 30 day money back satisfaction guarantee but DOESN'T ALLOW YOU TO TRADE WITH ACTUAL FUNDS UNTIL AFTER THE 30 DAY PERIOD!!!! The fact is, anyone can succeed in a demo paper trading account. REAL money trading is a whole different ballgame. It should be an insult to your intelligence to offer you a 30 day money back guarantee and then not allow you to trade with real money until after the guarantee period is over. I can't tell you how hard I am laughing at this kind of guarantee. If a company stalls you on being able to trade with actual funds until AFTER the guarantee period....RUN! Such 30 day money back guarantee should start the day that you start trading with REAL money. Not paper trading money. Read the fine print in the agreement that you will need to agree to when signing up for a program. If they say that their trades are "HYPOTHETICAL" and not ACTUAL then you would have to wonder why that is? If the profits are there for the taking, then why aren't they taking them? In reading the entire agreement, I find that this is where the "TRUTH" is told. DO NOT allow any company to fool you with a BOGUS guarantee. Such a company would, in my view, have NO credibility at all. ALSO, beware of phonies who are acting as traders but who are really salespeople working for a company. They will tell you whatever you want to hear just to get your money but how do you know who they really are? They could be getting a cut of your enrollment fee. Above all, however, again, do not fall for the BOGUS 30 day satisfaction money back guarantee where they make you paper trade during the 30 days and do not allow you to to trade with real money until AFTER the guarantee period is over. What this says to me is that they know that you are not going to make profits when you go to trade with real money and they know the differences between trading with real funds vs demo account trading. That would explain why they delay the guarantee until after a required paper trading period which is longer than 30 days. LOL. I am still laughing at such a guarantee. Who would be foolish enough to fall for this?
     

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