When we spot a trade, we post the details in the trading room, this is an 'immediate' entry alert, so you need to place your trade as soon as possible, we also send you a text message to let you know an update has been made to the trading room so you do not have to be watching a screen all day.
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.
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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 of around 40 pips on all trades. 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.
Now you have your figure to 'risk' per trade, with a 40 point 'stop loss' per trade, simply divide your £250 to 'risk' by 40 points = £6.25 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?
Trading is from Monday to Friday, 7am to 3.00pm (UK time) when the markets are busy.
Some days there will be at least one trade, sometimes two or three. Some trades can take many hours to reach a conclusion so have patience!
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. Whenever the trading room is updated we send out a SMS to notify you to take a look at the trading room.
The trading room screen is automatically refreshed every 15 seconds, so the latest information will be showing on your screen.
How do the trade alerts work?
How do I join?
You can subscribe to our service here here.
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.
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