Why are you offering this membership if you are making enough money on your own?
Obvious, yet important question. Simply put if it was not for my wife coming on board and being the communicator between myself and members (via roles like sending out our personal daily trades and other administration duties) this service would not be happening as I have enough work to do on a daily basis, trading. I am a trader first and foremost, but it is great to work with my wife and as such I look forward to offering this service for a long time to come. Importantly, remember our service simply display’s our personal trades to paying member’s on a daily basis, we offer no kind of financial advice.
Where can I find out more about FOREX and Brokers?
As just mentioned my time is taken up with trading, so please search the internet for information available on FOREX. You will find a wealth of information about FOREX in general (not just systems or services etc) to help you build your understanding of how and why currency prices move. As for Brokers, it is important to understand how they operate and how you place a trade and other 'everyday' functions you will need to know if you want consider becoming a trader. If you wish to know of a few good educational sources please email us.
Why is your membership different to the other FOREX signal services offered?
Again as previously mentioned on this website, we show paying members our daily personal trades with the EXACT entry, exit (Stop Loss) and target figures we use... REMEMBER THESE INCLUDE OUR BROKER SPREAD, that is so important, that is what will make the results we display on this website achievable and clear cut using the same broker. The only possible difference is 'slippage'. This can vary from person to person, but with the same reliable broker we have found that these differences are minimal if none at all.
Do you results INCLUDE broker spreads and 'slippage'?
Simply put, YES (please see the above question and answer) the results from our personal
trades are shown AFTER all deductions, in pips. When looking at results on other
websites always take this into consideration unless deductions have already been
counted for. If for example a broker charges 3 pips in 'spread' (or commission) per
trade then if this is not deducted from results a profitable month can actually be
a losing month once the broker spread is deducted from each trade. Say for example
we assume a broker charges a 3 pip spread and a service says it had 65 trades in
a month and achieved a profit of +150 points (before broker spreads), then the actual
total that month would be -
We hope in the future many more FOREX services will become publicly available that offer transparent results, 'net' results if you like. We are not in competition with anyone (we just simply share our own personal trades with our paying members), we know that the FOREX market can be very profitable indeed... but only if respected and dealt with in a professional and controlled manor.
Do you offer a money back guarantee?
Simply put, NO. We encourage you to read the terms and conditions before subscribing to our service and by subscribing you agree to these terms and conditions. (We are not offering financial advice or trading advice in any form. We are simply issuing members emails/SMS’s with our personal pending trades on a daily basis, what members do with these emails/SMS’s is their responsibility and as such it is not financial advice) The subscription charge paid by members is for our efforts and hard work on a day to day basis. We hope in time you will be keen to learn how to trade independently, and we encourage this very much, meaning that in the future you may use our service as another source alongside your trading or even simply trade independently without our service at all. I (Scott) am passionate about FOREX and I am always happy to see someone develop the same passion for the markets and develop as a trader.
What broker do you use?
We personally use GoMarkets and this is what broker platform our trades are based on. We are not associated to any broker (Including the broker just mentioned) as long as we feel the broker offers the most reliable and trustworthy service we will continue to use them. We do not personally use spread betting firms (for 'tax free' trading if your country allows you to do so, please check your country laws) but we do produce daily emails/SMS's for traders who use spread betting platforms. That said we personally prefer the reliability, flexibility and stability of our broker platform and as such prefer to pay tax on profits made than have (in our opinion only) a less stable platform. This is only our personal opinion.
What markets do you trade?
We personally only trade the GBP/USD and this is what our results are based on. We do not trade any other currency pair. This also works in our members favour only having to focus on one pair and not several at a time making day to day time management easier.
I am not able to sit by my computer all day to watch or place trades, can I still use your service?
Yes. Thanks to the advances made in trading technology, and with us doing all the research for our members on a daily basis it is possible to use mobile/cell phone technology if you wish. You can now execute most of the major functions on a mobile/cell phone as you can using a laptop or PC. This can make it even more convenient around other commitments you might have. For example the broker we use offers trading platforms for both 'iphones' and 'windows' mobile compatible phones. We have a few members who use this option and confirm it works well. If you use the additional SMS option to receive our personal daily trades then you do not need email on your phone either. On that note, having both email and SMS obviously prevents any delay in communication due to outside influences (email server problems etc). Please research this more via Internet search engines.
How much does the service cost?
£100 for email only per calendar month. £105 for email/SMS per calendar month.
Trading and System Questions
Can you tell me more about your System 1 trades?
Our System 1 pending orders should be emailed/SMS to paying members Monday to Friday between 9am and 10am (London Time). WE ONLY HAVE 2 TRADES MAXIMUM PER DAY FOR SYSTEM 1.
System 1 consists of 2 pending orders: 1 Buy order and 1 sell order. Please note the following process for System 1 trades:
1) When/if one trade is entered and it is successful (i.e. hits our personal 'target') then the remaining pending System 1 trade is cancelled. Basically, we stop trading System 1 for the day if the first trade is successful. We email/SMS paying members to let them know we have cancelled our remaining pending order, unless we feel the remaining pending order will expire before it is likely to trigger.
2) IF our first System 1 trade enters and is unsuccessful (i.e. hits our Stop Loss) we enter another trade (in the opposite direction). Regardless of the result of this trade that is it for us with regards to System 1 trades for the day, we let the trade ride out to our stop or our target.
3) Important: If either of the trades are not entered by 5pm (London time) then they are cancelled. We set "expiry" times for our System 1 trades, so that they should cancel at the time we set.
4) Active trades are left open until either the Stop Loss or the Target is hit, even if this means the trade is left open for 1 day, 2 days and sometimes even 3 days.
One more personal opinion: We ALWAYS use the Stop Loss in our trades, I have seen several people in my time 'convinced' the trade will turn around and produce profit and did not want to take a loss... simply put, this is madness and has no structure in my opinion... we take the loss and move on... we have a long term view with our trading. AND equally as important: WE LET YOUR TRADE RUN TO THE TARGET. I have seen a few trades in my time just miss my target and end up hitting my Stop Loss meaning I was agonisingly close to profit but actually took a loss... this is where controlling emotion comes in and the need to focus long term... It might be frustrating at the time but it is important to see the bigger picture.
Can you tell me more about your System 2 trades?
Our System 2 pending orders should be emailed/SMS to paying members Monday to Friday between 5.30 am and 6.30 am (London Time).
System 2 consists of 2 pending orders: 1 Buy order and 1 sell order. Please note the following process for System 2 trades:
1) When/if one trade is entered and it is successful (i.e. hits our personal 'target') then the remaining pending System 2 trade is cancelled. Basically, we stop trading System 2 for the day if the first trade is successful. We email/SMS paying members to let them know we have cancelled our remaining pending order, unless we feel the remaining pending order will expire before it is likely to trigger.
2) IF our first System 2 trade enters and is unsuccessful (i.e. hits our Stop Loss)
we then will not currently have any System 2 trades 'active' as we have a gap between
our System 2 Buy and Sell pending orders. As such we re-
3) Important: If either of the trades are not entered by 5pm (London time) then they are cancelled. We set "expiry" times for our System 2 trades, so that they should cancel at the time we set.
4) Active trades are left open until either the Stop Loss or the Target is hit, even if this means the trade is left open for 1 day, 2 days and sometimes even 3 days.
Can you tell me more about your System 3 Intraday trades?
Our System 3 Intraday pending orders are emailed/SMS to paying members Monday to Friday between 5 am and 3 pm (London Time).
System 3 Intraday trades consist of 1 pending order: 1 Buy pending order OR 1 sell pending order. Please note the following process for System 3 Intraday trades:
1) IF we feel the market has not supported the trade set up before it becomes an 'active' trade, we will CANCEL the trade before it has become an 'active' trade. If this happens we will email/SMS paying members to let them know we have cancelled our System 3 Intraday pending order and that is the conclusion of that particular System 3 Intraday pending order.
2) IF the System 3 Intraday trade becomes active then we simply leave the trade open until either the Stop Loss or the Target is hit, even if this means the trade is left open for 1 day, 2 days and sometimes even 3 days.
Note regarding System 3Intraday trades: As can be seen the times when these trades can set up is a much bigger time frame and they also can become active (sometimes within minutes) than the System 1 and 2 trades, therefore they require more flexibility from a time perspective.
Do you close 'active' trades at the close of day or end of the week?
No. ALL trades remain open until the stop loss or the target is reached. This may mean that we have more than one trade active at any one time. It could be that we have several System 1 and 2 (and 3) trades running simultaneously (or even just several of one system trades simultaneously active). It is very rare for us to have more than 4 trades active at the any one time. The trades may also be a combination of BUY and SELL trades or all BUY trades or all SELL trades. The market movement at the time will obviously dictate this.
