Fix the Markets System Review

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Fix The Markets

Fix the Markets System Review

Welcome to our review of Fix the Markets

Fix the Markets is essentially a tipping service with delivery by SMS and a weekly email to analyze the previous weeks information.
It aims to identify opportunities within the Forex markets for remaining above or below a certain level for a set period of time.

Signals are likely to be sent once or twice a week, although there may be more. You will receive the bets by SMS to a mobile phone, but you will need access to a computer in order to place the bets. You do not need to check any charts or figures for yourself.

Although I have not yet seen the detail, Fix the Markets looks as though it is based on Fixed odds betting, where you will be advised of a  particular currency pair and given a level that it is thought it will not touch over a set period of time. You then price and place your bet accordingly.

A printed book will be sent to you explaining how to action the signals and how to place the bets. Other than that, it is not clear whether or not the detail behind how the choices are made will be given.

Figures are given for a 12 month period, although there is no evidence of this being operated on a  live account and apart from starting in October and concluding in September, there is no other history, but over the 12 month period quoted, 56 trade opportunities were advised of which 7 were losers.
At £200 stakes, you would therefore have lost £1400, but apparently made an overall profit of £2638. As there is no detailed breakdown given, this has to be taken at face value.

I will aim to assess Fix the Markets based on the suggested £200 stakes although it is up to the user to determine their own level of risk.

There is a 2 month trial period (which will cover the life of this review) with no money being taken until the end of the first month when you will be debited to the tune of £497 (£397 depending on how you receive the offer). There is then an annual membership fee to remain with Fix the Markets, so if you decide to stay with the service, this will cost you a further £497 after 12 months and presumably each year thereafter.

 

Fix The Markets: Final Summary

As I surmised in the introduction to this product, Fix the Markets is based on fixed odds betting and uses Bet on Markets for fulfilment. The bets given over the trial period were all ‘No Touch’ bets, where a level is given that price must not touch over the period specified which on each occasion has been a day. From my own experience of Bet on Markets, this is a very short time frame for them and is therefore usually with a higher risk.

It can be seen from the reports that over my own trial period of Fix the Markets, 4 bets were given of which 2 were winners and 2 were losers resulting in a total deficit to the account of -£233.50.

In fairness, the last quarter of 2011 was not an easy period for trading as there were at least 2 major National Bank interventions by the Swiss and the Japanese resulting in price moving hundreds of points in minutes. There was also a lot of turmoil created by the Euro Zone issues. However, without knowing the reasons behind the bets given it is difficult to assess them.

Looking at the figures and assuming a £200 bet return size with a gain of between 25% and 30%, it is evident that a losing bet is going to require about 4 winning bets in order to recover the deficit. It may be that the period over which I tested Fix the Markets was unfortunate in its timing, but 4 trades in 8 weeks could and has, resulted in a fairly large drawdown.

Information provided by the Vendors of Fix the Markets shows a total of 42 trades over the last year with 10 losing and 32 winning, a little bit over a 75% win rate. Using the percentage figures provided, with a fixed return of £200 on every bet, gives an overall profit of £608. It should be noted that this is an approximate value.

In reality, it is unlikely that users of the system would achieve the same results as the prices can move quite quickly on the Bet on Markets platform, especially if a whole load of trade requests hit the platform around the same time as would be the case with a signal service.

Overall then, taking into account the initial and ongoing near £500 cost of Fix the Markets, it is not a product that I personally can get excited about and could not, therefore, recommend.

Keith Gravestock

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Fix the Markets System Review Results

Fix the Markets : Report 1:

Covering 7th – 11th November 2011

The various publicity shots for this system have made much of the fact that the last 11 trades have been winners. Unfortunately, that trend was not to continue!

There was one Alert issued last week, on Tuesday 8th, suggesting a ‘No Touch’ trade on the Usd/Jpy pair at a level of 77.60 which was also the level of the previous trade. The return on this trade was shown at 27% although by the time I got the prices, it was at 24%. As this system is based on fixed odds betting, it works by setting the level of return you want and therefore the amount you will pay if the bet loses. In this case, selecting a return of £200 results in the bet costing around £161. Within about 3 hours, price had hit the ‘No touch’ level thus losing the bet.

Therefore, first trade resulted in a loss of £161 to the bank.

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Fix the Markets : Report 2:

Covering 14th – 25th November 2011

There have been 2 alerts issued in the last 2 weeks, the first on the 16th November, a No Touch trade, again on the Usd/Jpy pair at a level of 76.60 which  resulted in a win. The £200 bet was priced at 159.47 with a return of 26%, so with this one being a winner, a return of £40.53

The second alert was on the 24th November, again a No Touch trade, but this time on the Gbp/Usd pair.  The level set was 1.5430 and using a return of £200 at 30%, this bet would have cost £153.93 for a potential profit of  £46.65. As with the first bet, the level was hit the following morning resulting in a loss.

At the end of the third week then, there have been 3 bets with 1 winning and 2 losing resulting in an overall deficit of -£274.40

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Fix the Markets:Report 3:

Covering 28th November 2011- 6 January 2012

It is a while since the last report but with one very good reason:- No trades! There is one exception to this statement in that there was a high no touch trade suggested on the Eur/Gbp pair which was given on 14th December. This was actually a winner and at a return achievable of 26%, would have cost £159.10 for a return of £40.90.

At the end of the ninth week therefore, there have been 4 bets with 2 winning and 2 losing. The account, however, remains in deficit by -£233.50

The author has stated that no trades were given over the Christmas period due to Bet On Markets not providing 1 day pricing. Out of his control maybe, but no trades for the last 4 weeks!

 

The trial period of Fix The Markets ended on 7th January 2012.

 

 

3 Responses to Fix the Markets System Review

  1. I’ve been using Fix The Markets now since January 2012. I deposited £400 in my account with Betonmarkets to use this system. To date I have placed 8 bets, with 5 having won and 3 having lost. For each bet I have used the “No Touch” as advised using the £200 payout to determine my bet level. My balance would now be at £122.63 but for a £100 bonus from Betonmarkets once £500 worth of bets have been placed, so it currently stands at £222.63. Thus ignoring the bonus amount, my current loss is £277.37. Add to that the £33 a month I pay for the Fix The Markets bet alert service that’s another £165 down, giving a total loss (so far) of £442.37. I did miss one bet, when I received the alert whilst out walking the dog, and by the time I logged on the bet was no longer available – I would have won about £40 from this bet, so we’ll call it a £400 loss so far. Therefore I cannot recommend this system to anyone based on my own experience.

    James Wilson
    May 23, 2012 at 7:49 pm
    Reply

    • Thanx for your info

      salas
      September 1, 2012 at 11:17 am
      Reply

      • You’re welcome. I realise that I am being a little bit vague with some of the info I am giving, but I am trying to balance what I say without giving too much away!

        Keith
        September 3, 2012 at 2:53 pm
        Reply

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