Which trading platform should I use ?
You can use a broker software online trading platform to place your trades, or I suggest one of the Spread Betting platforms such as Capital Spreads or IG Index. There are many companies on the internet offering a wide choice of both demonstration and real trading platforms. The demo and real trading platforms are identical in operation to each other, but on the demo one you cannot win or lose any real money at all. Most members use the demo platform initially to customise it to their personal requirements and get used to operating it before going on to the “live” trading platform.
For the “Hedge” trading I use the Metatrader 4 trading platform being the most suitable for this type of trade and easy to operate. Both demo and live platforms can be downloaded at www.interbankfx.com. I would suggest you use this platform only for the hedge trading signals.
You will be required to complete a simple, and free, registration form to be able to download the demo Meta 4 platform. On the registration form are certain choices – you will require a “Mini” account (not the “Standard” account) at 1:200 leverage.
Many members utilise a spread betting platform for trading, such as Capital Spreads or IG Index for nearly all of the various signals. You can click on either link to open an account with any of them. Both are very suitable for trading the Trend, Position, and US Stock trades, but not for the Hedge trade.
Can I lose money currency trading ?
You certainly can – let nobody tell you otherwise ! However, I will do my best not to let this happen. In respect of my main “Trend” type day trading signal strategy so far this year, I presently have an average profit of around 2500 pips profit per month. There have been on average 6 different pairs to trade each trading day. Losing Trend type trades have been very few and far between. Yes, there have been possible trades, which never materialised, and therefore would not have been opened. When a trade does go in the wrong direction you will have been given a Stop with each trade, which will ensure the very minimum loss. If you have to exercise a Stop, you must do so. Too many traders feel that Divine intervention will retrace the trade back into the right direction, and it will be an “all right on the night” syndrome ! Initial trades should be made with low stakes, which means low profits of course, but at least you will be able to keep smiling if you take a small loss on a trade.
With the “Hedge” trade I have had no losses at all. There are 4 grades of “risk” for you to consider taking for your trades; Risky; Aggressive; Minimal; and Fantastic Safe. Any of these trades are quite safe unless there is a dramatic problem with the currency of the country being traded. These are all fully explained in the manual.
In such situations of a dramatic market price turndown i.e. the Dow dropping sharply down by 200 – 300 points, the Minimal, and in particular Fantastic Safe mode, will normally see you through to the other side of the turndown problem without loss. Almost as safe as money in a building society account. If you are in the Risky or Aggressive modes at a time of trouble, you just bale out asap with whatever profit has accumulated, then preferably wait until the market levels out from the dive.
Often the problem is a storm in a tea cup as a result of an adverse news announcement and returns to normal a day or so later. In times of trouble I will always advise members by email whether to bale out, or to hold tight in their open positions. How many other signal providers offer this service ?
If your strategy leaves you with such high profits, and very minimum loss, why do you bother to offer a signals service to members ?
Simple. Many of my members were in a similar position to me a few years ago, trying out just about every style of trading using just about every type of indicator – and still making a loss – and wondering if someone up there was trying to tell them something ! At one point I was using up to eight market direction indicators on a chart – and still found myself peering up my own fundamental orifice !! I no longer use indicators, they all lag the market price and it is no good looking at what has happened – you have to look forwards. I make a good living out of trading and I would like to assist those who are presently in a similar situation to mine a few years ago, and who just finally give up trading. Let’s be honest, I also do make some money offering my service, which in turn allows me to trade with higher stakes, take higher risks, and make even more money as a trader. But my monthly prices are extremely low compared to other signal providers. Do not let this put you off though as this is still a high quality service.
How much money should I place on any trade ?
This is a tricky one to answer. Each person has different amounts of money at their disposal. However if you are just starting out trading I would suggest using say £1 or $1 per pip, or even less, for the “Trend” trades. If you are using Betonmarkets then they have a minimum bet of £5. With a £5 bet on fixed odds you will win £10, so make a net profit of £5. Not a big win by any means, but after a run of wins you can use your profits for larger stakes and slowly work up. If you then hit a loss it will have only come out of your profits – not your own money.
Why are you charging a monthly subscription of only £40 ?
Well I could say I was following supermarkets Mr. Tesco who once so famously said “Pile it high and sell it cheap” ! and look where he finished up. But seriously, I have seen the some of the profit/loss performance sheets offered by some companies for monthly fees between $100 to $200 - absolutely disgraceful. I just believe in offering great signals and great value for money so my members stay subscribed. Simple…
How does the Free Trial Work?
Really simple, just sign up for my signals, selecting the 7 day free trial option. You can then test drive the signals for 7 days and you are free to cancel your membership before the 7 days is up, it’s really easy to cancel your membership if you wish, but we don’t see a reason why you would as some of my members have been with us since starting out in October 2007. But you are in control should you wish. You can even easily switch to a better value plan at a later date if you like…
Do you offer a money back guarantee?
No. I offer such a low subscription price compared to the many other far more inferior signal providers who charge 3x as much. I only want to take on board people who are serious about making money in the financial markets with my simple signals, and of course I still want to keep numbers to a manageable level. By not offering a money back guarantee it proves to me that you aren’t afraid of taking risks, which is the kind of mindset you need when trading. All I can say is try me out, you won’t be disappointed….
Which payment system do you use to accept subscriptions ?
I use PayPal only which automatically accepts a monthly, quarterly or half yearly subscription, and places customers immediately on to my database ready to send out the next trades by email. This allows me to concentrate fully on searching for trades.
Can I cancel my monthly subscription with you at any time ?
Yes. At any time during the current month you merely log into your client panel (full details provided on sign up) and you can choose the subscriptions option, and choose ‘cancel subscription’. It’s that easy. Once done, PayPal will not take up a further subscription for the subsequent month/s.
You will still continue to receive my signal e-mails up to the date you have already paid up to.
What type of signals will I receive ?
There are up to six types of trading signals sent by email. Five of the signals are sent out every trading day, Monday through to Friday, at 0730 GMT (0830 BST). The remaining signal for the Midday trades is sent out at 1000 GMT (1100 BST).
The first signal covers the TREND type of day trading signal, which in theory lasts for about 9 hours (but on average about 6 hours), together with a trade Entry point; an Exit point (target reached). A Stop is given as well. On average it is envisaged that each signal should generate around 50 pips profit. These signals can be traded on any broker trading platform or on a spread betting platform.
The second signal is a HEDGE type of trade. This can last between 1 to 5 days on average, but can sometimes last a week or two. The market can go either up or down for a profit, but it must move as such. Once the trade has been placed it is only necessary to check on it about every 12 hours or so, in the meantime keeping a weather eye open for any financial adverse news announcements in respect of the currency being traded, and which could cause trouble by a period of currency instability for a few days.
The third type of signal are the MIDDAY trades, which are Set & Forget and only take about 10 mins to set up on your trading platform. Then you can walk away and leave them. These are sent out around 1000 GMT (1100 BST) and are also consistently performing really well.
The fourth signal is for trading US or UK STOCKS. These trades are basically also “set and forget” type of trades for Buy trading only, as unfortunately many platforms do not allow you to short (Sell) many stocks . A trade entry point for a Pending Order, Stop, and a target Limit Order are given. These signals are emailed in the morning at 0830 BST and once set up it is only necessary to check the progress each day. Duration of trades can be a few days to a week.
Fifth signal is for the TERM trades at 0730 GMT (0830 BST) which are sent out at this time as and when they arise. The trades can be Forex, Indices, or C0mmodities. Duration of the trades is from a couple of days to a week or so. The trade entry price is given together with a stop, and the trade left to run with no target. A further signal is sent out when to exit the trade.
The sixth signal is on the FTSE 100 index and is basically a “hedge” type of trade. It consists of two opposing trades, when one opens the other trade is automatically closed out, using an OCO order. This is a “set & forget” type of daily trade.
What action will I be required to take to place a trade ?
You may wish to place initial trades on the demo platforms to get the hang of the procedure before going for real trading. To place a trade for the Trend trades perhaps just use any spread betting platform you may prefer, but not on the MetaTrader 4 platform. Keep the MetaTrader 4 platform solely for the Hedge trades.
For the remaining trades an Entry market price, an Exit market price, and a Stop market price will be given.
For the Hedge trades you will receive full details as to how to trade in the trading guide sent on subscribing.
Whom can I turn to for any support or advice ?
Me. Email me at the email address you will be given on subscribing to the service. Even with the easy to understand welcome manual you may get stuck over a point setting up a trading platform. If I am at my computer you will receive a reply immediately, otherwise within 24 hours.
