For First Time Users
I have decided to make my foreign currency trading signals free for the time being. before you start using them, please carefuly read this article.
This part of the blog is designed to share my investment experience with everyone.
I first discovered forex about 4 years ago. I went the path each trader goes: enthusiasm, high expectations, disappointment, deep disappointment, desperate search for working method, try and error, a moderate system which works.
Among those phases the phase of desperation was the longest. I have tried everything, as any trader probably does: creating my own systems, buying signals, being fundamental, technical, news trader, intraday trader, long term trader, martingale trader, volume trader, using COT charts, bars, candles. At the end everything was failing.
Let me tell you about signals: I bought almost all signals I could find, there was none working.
But my academic background and rich people on Wall Street were telling me, there is a way to made forex work for you. Actually, there was only one signal provider which I respect deeply and who is worth of mentioning. This is Cindy. Probably, lot of traders heard about Cindy. Google the name. Signals are for free and in long term will give you considerable return.
But still Cindy’s strategy was not working for me. Why? positions are hold too long, risk is high (I became very conservative trader with time), return is low. Therefore I have created my own trading method, suitable to me and maybe to you too.
Lessons I have learned in four years:
1. You cannot gain money while using leverage 1 to 200.
2. Money management is at least as important as correct signal.
3. Lot of gurus out here have no idea.
4. Stop losses can ruin you if you are using them wrongly.
5. gains and losses must be calculated not in pips (forget the term pips, it is good only for brokers) but in percents. I actually do not know how many pips I have gained last month, and honestly I do not care. I know my return in percents.
6. Most people are failing in forex not because they have wrong system but because they have wrong money management methods.
Based upon four years of experience, I have finished working on the trading method, which is working and I believe will work till I am alive .
Now something FAQ like for you:
Why are signals free – is that charity or like?
No, I am member of several charity and human rights organizations but I use my foreign exchange knowledge and everything related to it only for investment. With this signals I would like to promote myself. I am sure that service which I offer here is one of the best on the web.
What can this method do?
This method can give the trader constant gain on forex market. It is not a magic system, sometimes it will have large losses.
How is the method tested?
It is manually back tested till my Metatrader allowed me to go. It is real-time tested since Jun 2006. This is my real testing account with my real money.
What kind of system is it?
This is purely technical system based upon technical indicators. It is swing-trading system; the positions can be hold from one day to several weeks or couple of months. It can go deep in minus and recover later strongly.
What kind of signals do I put here?
I will describe each trade, pair, and give you entry and limit positions. Sometimes I will take gains without limit reached, I will let you know separately about that. I will deliver signals between 9:00 – 20:00 GMT – but that does not make big difference, as they are swing signals mostly you can enter the trade later.
Rules to trade. These rules are “sacred”
If you do not use these rules, you better do not use my signals.
1. Trades must be entered only at the price I have provided or bellow it (never enter trades which are in plus) only enter trades in minus or break even. 50 pips difference can be tolerated.
2. I differ three trading styles: a. conservative b. moderate. c. aggressive. For conservative trades use 1 percent margin, for moderate 2 percent margin and for aggressive 3 percent. NEVER TRADE MORE THAN 3 PERCENT MARGIN OF YOUR ACCOUNT. I strongly suggest to use conservative trading method for everyone. But its your money and your risk.
3. Signals will have: entry point and exact limit. Signals will never have exact stops. I only use mental stops and if you are uncomfortable with it, leave this post. I will email separately if I am stopped out.
These are actually all rules you have to be stick with. If you violate them you will continue losing money.
PLEASE NOTE: I CANNOT GUARANTEE GAINS, FUTURE CANNOT BE GUARANTEED!
I use Oanda platform and signals can come from any pair that Oanda does offer. Why Oanda? Because it is only platform I know where you can deposit 100 USD and still trade 1 percent margin of it.
Please demo trade the account for 4 – 6 months to be sure.
Wish you all the best!
Dear Mr. Swing,
I have read your RULES and i would like to tell you that i am in! I like the way you think and have detailed all aspect of your trading style. I will try your signals for a few weeks and them i guess i will sign up for your platinum service as i feel i have a lot to learn.
Mohamed Elnimer
August 4, 2008 at 6:38 pm