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Forex Signal Services Q & A

Over the past few months I have been getting lots of questions in email here is a collection of some of them in no particular order with my answers.

Q. How long have you been trading Forex for ?

A. I have been trading now for around 5 years

Q. What is the traders edge ?

A. The traders edge is going to be an excellent tool to enhance your forex trading strategies. It revolves a lot around time proven methods but takes these methods to the next level. When it is released everyone subscribed here will be the first to know.

Q. What is your customer service like ?

A  Excellent . I have seen first hand, bad customer service in action in the forex market and I vowed that I would never allow my business to degenerate to those levels.All trade signals are fully supported by very regular commentary throughout the life of the trade. No one is ever in the dark over what to do or where we are with a trade

Q. What broker and platform do you use .

A. All I can say to this is that I dont use dealing desk brokers and mostly trade using Motivewave. Im not here to push this broker or that broker.

Q. What methods do you use for forex trading

A. I  use candlestick analysis for entries. Support, resistance and fibonnacci levels to decide entry and exit points and Elliot wave to get an overall view of where we are at on a particular forex currency pair.

Q.Are your trades 100%?

A. NO lol . any anyone that tells you that they are is lieing. forex trading is about following a strategy some trades will of course go the wrong way and stop you out , the idea is to make the winning trades cover your losses with a good risk reward strategy. Also I tend to close out 1/2 of each trade when prudent to do so and move Stop Loss to break even + a few pips quite regularly as there is nothing worse than seeing profitable pips going into a loss and then Stopped out.

Q. I am so pleased that on your site there are no Advertisments and or pop ups . Why do most Forex websites I look at have these?

A. Well the fact is that most (but not all) forex websites are not run by traders they are just marketing sites and the revenue from these sites is made by people clicking the ads. I dont like those sort of sites and therfore I dont try to push that sort of thing onto my members and visitors.

Q. What about these websites that send out multiple trades per day over multiple timeframes?

A. These do exist in one form or another and at first glance they seem to do ok . BUT , you will find that unless you take all the trades you will find it very difficult to profit ( it at all ) with these services . As you will need a very large trading account and you will need to be sitting trading 5 days a week 24 hours a day to do all the trades. Not ideal !

More to come and if anyone has any more questions please feel free to use the contact form ...