When we see a possible trade setup, we immediately text members with the exact entry price, stop loss and profit target figures, the target will always be 70 pips to start with. When and if the entry price is reached you place the trade, however we recommend when you receive a trade alert you immediately 'open a trade order' on Igindex.co.uk which will place the trade for you when the entry price is reached. You can then leave it to either reach your profit target or stop loss. Just a few minutes required.
With the trade alert will also be an expiry time for the trade, so if a trade has not hit the entry price by a certain time, you do not place the trade or you cancel the 'order' in IG. If you place a trade order, you can specify this time and the order will automatically cancel.
You may want to set your trades to 'roll over' in IGindex as some trades late in the day have been known to go beyond the settlement time of 8PM GMT, if you do not set this your trade will be closed out.
Trade Alerts look like this:
Trade Alert 1
Currency: GBP/USD
Entry Price: SELL at 1.4296
Stop Loss: 56 pips (1.4352)
Profit Target: 72 pips
Cancel order if the entry price is not hit between now and: 2.30pm (UK Time):
All this information can be entered into your IGindex 'order to open' ticket, you can then leave the trade to run to it's conclusion.
The only time we may ask you to CANCEL a trade is when the stop is hit before it goes live, we will email/text if this happens, but this is rare.
With the trade alert will also be an expiry time for the trade, so if a trade has not hit the entry price by a certain time, you do not place the trade or you cancel the 'order' in IG. If you place a trade order, you can specify this time and the order will automatically cancel.
You may want to set your trades to 'roll over' in IGindex as some trades late in the day have been known to go beyond the settlement time of 8PM GMT, if you do not set this your trade will be closed out.
Trade Alerts look like this:
Trade Alert 1
Currency: GBP/USD
Entry Price: SELL at 1.4296
Stop Loss: 56 pips (1.4352)
Profit Target: 72 pips
Cancel order if the entry price is not hit between now and: 2.30pm (UK Time):
All this information can be entered into your IGindex 'order to open' ticket, you can then leave the trade to run to it's conclusion.
The only time we may ask you to CANCEL a trade is when the stop is hit before it goes live, we will email/text if this happens, but this is rare.
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We aim for a high strike rate (which does not necessarily help you profit but is good for your emotions which is where the majority of traders fail) and aim for a reasonable set profit target on each trade, these forex trades can sometimes take a few hours to reach a conclusion. Each forex trade alert we send you will have a recommended stop loss figure between 40 and 150 pips, most trades have a stop of between 80 & 100 pips. This gives the trade plenty of breathing space to be successful. You should never risk more than 5% of your bank on a single trade, 2% to be ultra safe. As an example:
Let's say you have a £5,000 starting bank. 5% is £250 (£5,000 / 100 x 5 = 250), so you never 'risk' more than £250 per trade.
Never risk more than 5% of your trading bank on a 32 pip profit target trade, or 2% if your profit target is 72 or 100 pips.
Now you have your figure to 'risk' per trade, with an average 90 point 'stop loss' per trade (can be any where between 40 and 200), simply divide your £250 to 'risk' by 90 points = £2.77 stake per point. You can then re-calculate this every week or month as your bank changes. An alternative is to adjust your stake depending on the risk for each individual trade. So, if you have a trade with a stop loss risk of 70 pips and 5% of your bank was £250, simply divide your £250 by 70 = £3.12 stake per pip. This method can compound your bank whilst also ensuring you never risk more than 5% per trade, it also returns approximately double the income of option one above! The only downside is when you hit a loser as you will be using a higher stake, therefore a bigger loss.
Strict risk management is crucial to your success, bust your bank and you cant trade, simple as that! Practice sensible risk management and compound your bank gradually over time and you will make a significant income for a long time to come.
Let's say you have a £5,000 starting bank. 5% is £250 (£5,000 / 100 x 5 = 250), so you never 'risk' more than £250 per trade.
Never risk more than 5% of your trading bank on a 32 pip profit target trade, or 2% if your profit target is 72 or 100 pips.
Now you have your figure to 'risk' per trade, with an average 90 point 'stop loss' per trade (can be any where between 40 and 200), simply divide your £250 to 'risk' by 90 points = £2.77 stake per point. You can then re-calculate this every week or month as your bank changes. An alternative is to adjust your stake depending on the risk for each individual trade. So, if you have a trade with a stop loss risk of 70 pips and 5% of your bank was £250, simply divide your £250 by 70 = £3.12 stake per pip. This method can compound your bank whilst also ensuring you never risk more than 5% per trade, it also returns approximately double the income of option one above! The only downside is when you hit a loser as you will be using a higher stake, therefore a bigger loss.
Strict risk management is crucial to your success, bust your bank and you cant trade, simple as that! Practice sensible risk management and compound your bank gradually over time and you will make a significant income for a long time to come.
Nothing is guaranteed in trading, however we have made a very good consistent profit for the last 3 years with a great win rate using proven strategies. If you can follow simple instructions and be disciplined then you can also profit the way we do. However, we must state that you should never trade with money you cannot afford to lose.
Will I make money following your forex service?
What size bank do I need to start?
What are the trading hours?
Longer trades may be sent Monday to Friday, 7am to around 14.00pm (UK time) when the markets are busy.
Scalping trades are posted in the trading room between 7am and 10am only during the busy London session.
Some days there will be no longer trades, but quite often there will be at least one trade, sometimes two or three. Some trades can take many hours to reach a conclusion so have patience! Not all trades will reach the entry price therefore not going 'live'.
We do not always trade on Bank Holidays, some school holiday weeks or Christmas periods when the markets can be quiet.
Scalping trades are posted in the trading room between 7am and 10am only during the busy London session.
Some days there will be no longer trades, but quite often there will be at least one trade, sometimes two or three. Some trades can take many hours to reach a conclusion so have patience! Not all trades will reach the entry price therefore not going 'live'.
We do not always trade on Bank Holidays, some school holiday weeks or Christmas periods when the markets can be quiet.
How do I get a spread betting trading account?
We use igindex.co.uk which we find very good. You can open an account with them the same day or use your prefered dealer.
Do I have to be watching trades all day?
No, but you do need to be ready when a trade alert is sent by SMS text and be able to get to your PC, hand held device or telephone ready to place the trade. Once you have placed the 'trade order' there is no more to do. If you receive your trades alerts by text then you can phone your trade to your spread betting dealer (subject to their terms), you do not even need a PC! There is normally plenty of time from when the trade alert is sent out before a trade goes 'live' at the entry price.
How do the trade alerts work?
How do I join?
You can get a free trial here if you are a new subscriber or rejoin if you have been with us before.
Disclaimer - Commodity Futures Trading Commission Futures Currency markets and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
Which profit target shall I go for?
HONEST, ETHICAL & PROFITABLE FOREX TRADING SERVICE
TRADING ROOM
We now have a live trading room giving you live updates to the trades as they happen. You do not have to use this. You can simply set up your trades with the 70 pips target and recommended stop loss and leave it, this will still be profitable. However if you do have time to watch the trading room then we recommend you do as we may take profits early if we suspect the market may turn around, adjust expiry times and stop losses.
The trading room screen will refresh every 15 seconds keeping you up to date with the trades. Scalping trades will also be shown in the trading room during the morning.
We now have a live trading room giving you live updates to the trades as they happen. You do not have to use this. You can simply set up your trades with the 70 pips target and recommended stop loss and leave it, this will still be profitable. However if you do have time to watch the trading room then we recommend you do as we may take profits early if we suspect the market may turn around, adjust expiry times and stop losses.
The trading room screen will refresh every 15 seconds keeping you up to date with the trades. Scalping trades will also be shown in the trading room during the morning.