Frequently Asked Questions
What is the purpose of this site?
My aim is to become a multimillionaire through trading the forex markets. I have witnessed several people become incredibly wealthy in a very short space of time through trading so I am emulating their actions. This site has been developed to create a community where members discuss trading techniques, experiences and stories of failure and success.
In my opinion, it takes years of practice, and a strong emotional resolve to become a successful individual trader. Why would you take this journey on your own when there are thousands of experts offering their strategies, techniques, automated trading systems (EA’s) and education courses to speed up the process? I don’t want to be sitting in front of a screen for months/years learning how to recognise the changing patterns of the market. I want to leverage off others, and then make money from the research, skill and experience they offer.
There are mountains of dodgy information available for those wanting to make money in forex. I’m cutting through the crap by offering my candid advice on my experiences and hoping that our members will do the same to help us all become multimillionaires through this exciting and quickly evolving market.
What strategies are used in the live trading room?
I use a variety of different strategies. Generally speaking I use a combination of signal providers as well as discretionary entry techniques to place trades. I’m not aware of the specific strategies or signal providers currently being employed by the other members and moderators in our community.
Some information on strategies can be found on the Trading Strategies page on the Forex Advice tab.
How much does it cost?
The site and services are free for a limited time. As the community grows we are likely to request a monthly subscription fee for new members only. Existing members that have contributed to the success and development of this site will retain free access to the site and the trading room. This is our way of thanking you for your contribution.
Which broker should I use?
We recommend several brokers on the Forex Advice page; however you are free to use any broker you wish. Please be aware that some brokers will offer pricing that differs by 2-3 pips to that of the moderators pricing.
I strongly recommend you avoid using a Market Maker and only deal with genuine Straight Through Processing (STP) brokers. A market maker works like a casino - if you win, they lose.
How do I become a Moderator?
Once a member has achieved three months of consistently profitable trades, the member is eligible to contribute as a moderator. In return, all moderators benefit from the income generated from the subscription payments made on the site. More detail will be provided as the site develops, however we intend on rewarding those traders that help make this site successful with a substantial portion of the income generated from this site.
When is the Live Trading Room open?
The trading room is open 24/7 however most of the trading activity occurring during the London market open (08:00hrs GMT) and New York market close (21:00hrs GMT) due to increased volume and volatility during this time.
How is trading performance monitored?
When trades are announced, the performance of each trade is tracked through our internal database. A historic performance for each member is available for review on their profile page.