Is your forex signal provider providing enough value? Signal providers offer a valuable service. They monitor the markets and alert traders of great setups. I like to look at it as an affordable outsourcing solution. Instead of staring at the computer all day and night, I can spend time with my family. The question remains, however, whether or not signal providers provide enough value to their clients. For a few traders, the traditional signal provider is a great solution. Those traders have no interest in learning to trade and simply want someone to tell them what, when and for how much, to trade. Most, however, seem to want more. There is a new type of service that offers ongoing education, mentoring, and consistent contact between clients and the trader(s) who generate those signals. These new hybrid services offer hosted live trading rooms, libraries of e-books and video courses, trading systems with training, money management systems. The best among them offer private Master Mind forums with trading system support and even trading system development forums where aspiring professional traders and system marketers can work with others to develop new products and personal systems. At the very top of the class you’ll find even more features. The leaders of this pack offer detailed weekly forecasts, and even daily video analysis of the major forex pairs. These new service providers offer signals as a way to pay for the service. The trader pays a monthly fee, has access to all of the features, and gains all of the benefits, then receives a few cherry-picked signals that help pay for that service. It’s almost like the service provider is building a business model that pays him but costs the client nothing. In fact, the service should actually make money for the client. The Market Mover Edge is a service that offers all of the above features and more. Clients even get a live telephone consultation with the owner. The signals provided are based on the daily and weekly charts and consistently make money. Members are given a money management system, very simple systems to trade, live trading room sessions, and ongoing mentoring and support provided by a professional currency trader.

For more information on forex trading clubs, and to check out Tim’s service drop by The Market Mover Edge where forex signals and forex training meet!

Hello everyone!  My assistant, AJ, just informed me that The Market Mover Edge account has just reached an all time new equity high.  Our account is up by 80% since May, and is up by 7.4% in June alone!  This is in a month when I experienced a blood-bath for two weeks!  This type of performance is only possible with extra-ordinary money management, and a solid trading “method”  that is traded with discipline and precision…even when it doesn’t “seem” to be working.  You see, the market changes constantly.  If you change your system or method every time it starts failing, you’ll always be out of synch with the market.  Let your money management system take care of those periods for you.

Please take a look at the RESULTS PAGE! for The Market Mover Edge.  These are not cherry picked trades.  This is a journal of every trade signal that has been sent to MME subscribers in May and June.  After you see my results, you’ll never view a signal service reporting performance in “PIPs” the same again.  All pips are not equal.  Some pips are cheap, and some very expensive.

I send each signal with my professional money management plan in mind.  I actually tell you how much to risk on each trade.  It’s not as simple as the same old 2% everyone touts.  As an MBA and past Strategic Planner for an investment bank, I can tell you for a fact that money management and risk management should never be looked at that way.  It’s just not that simple.  Why should you listen to me?  I’ve actually been contracted by insurance companies and banks to teach Risk Management. If that’s not a credential, I don’t know what is!

Every trading method has its down phase.  Profiting, even in that down phase, is the job of a professional money management plan, and thoughtful execution of the trading methodology.

Come join me at The Market Mover Edge, and start making money in every market, and every situation.  PROFIT even hen there’s blood on the walls!

The Market Mover Edge

24 June 2009@23:57 CST Sell GBPUSD@1.6455 SL:1.6490  TP:1.6275  Risk=1%

Notes:

This trade has a 5:1 reward to risk ratio.

25 June 2009@10:00 CST:  Results from the above signal:  +180 pips

It’s only fair to note that I did take profit at only +115 pips.  This was a financial decison based on probabilities at the time of closing the trade.  Professional trading is based on probabilities rather than possibilities.  If you want someone in your corner making these decisions for you, pleasestop by The Market Mover Edge and subscribe today!

Buy EURUSD@1.3998  SL:1.3959  TP:1.4097

EURUSD has pushed hard to the upside.  There is nothing on any higher timeframe chart to suggest this will change.  The 1.4000 area contains a confluence of support.  The 1.4000 area is a phychological support area that has proven itself over and over.  It is the 38.2% Fib retracement price, and has the added benefit of being the daily pivot point.  From a pivot trading perspective, we are above the pivot point
and should be trading long.  For my signal service I’ll get this stop loss down to about 15 pips as price approaches the entry point.  I want to be clear of this trade by tomorrow morning’s New York session.

I recently spoke with a one of clients of my forex signal service.  He was very upset that one of our trades had turned against him to the tune of nearly 300 pips.  This trade was part of an Opening Range Breakout method that is placed on the weekly time frame.  large losses and draw downs are to be expected.  When I asked him how much he was risking on the trade, he explained that he was risking 10% of his equity on this trade.  Trading doesn’t have to be all that stressful.  What we’re talking about here is three cents of movement!  When is the last time you even bent over to pick up three pennies?  How about three buttons?  Three beans?  Of course, he chose to risk quite a bit more.  Much more than he can relax with.

Here is an example of the power of proper money management:

Initial Account Value:  $1,000.00

Risk:  2%

Trade 1:  200 pip SL
Trade 2:  150 pip SL
Trade 3:  20 pip SL

Trade 1 risk = $20.00
20 / 200 = .10
Trade 1 stops out:  <20.00>
New account balance = $980.00

Trade 2 risk =  $19.60 ($980.00 * .02)
19.60 / 150 = .13 <–round down to .10.  Never round up!
Trade 2 stops out:  <15.0>
New account balance = $965.00

Trade 3 risk = $19.36
19.36 / 20 = .97 <–round down to .90.  NEVER round up!  DON’T DO IT!
Trade 3 takes profit +48
new account balance = $1,008.20

Pip balance: -302
Equity change: +$8.02

Wow.  A 302 pip loss with a positive financial outcome.  This is the real power of money management.  When you allow your stop loss value to determine the amount of money you leverage instead of the amount of money you lose, you enable huge gains on small stop trades, and maintain a controlled amount of loss.  Let’s say that you can sleep with about $20.00 of risk per trade?  Figure out the percentage of your total account value and trade down to the sleeping level.  This is how you trade emotion free, my friends.

I have an advanced money management system.  It’s much more powerful than “trade 2%.”  Trading % is better than nothing, but it is not a money management system.  I have an MBA and several years in strategic planning and  consulting for the banking industry.  If you’d like to know more about professional “banker” money management systems, email me at support@mmedge.com and I’ll be happy to speak with you.

Thanks for reading!

Tim

Hello everyone.  I’ve been asked by many of you if I’d ever be willing to enter a mentoring relationship.  I have done so in the past, but it’s been quite awhile.  It can be quite time consuming to mentor someone properly. 

I am opening the door to a SMALL group of individuals who seek mentoring.  I’ll accept only ten “qualified” individuals who wish to receive 12-weeks of  real one-on-one mentoring from a professional forex trader.  The first   group meeting / initiation will be on or about 26 June.   If you have questions, or would like to take advantage of a 12 week program of one-on-one instruction, simply click the link below and send me an email.

The cost of this program is three monthly payments of $197.00 or a one-time payment of $550.00.

Inquire at support@mmedge.com

Thank You!

Tim

Is Your FOREX Signal Provider Being Honest About Performance?

I know you’ve seen some ridiculous claims from signal providers.  Some claim thousands of pips per month in winning trades.  I’ve sampled some of my competition’s FOREX trade signals to see how well they match their claims.  To make a long story short, THEY DON’T!  In fact, most report using what I call, “Apples and Oranges Reporting.”  Apples and Oranges Reporting is when a FOREX Signal Provider reports his losses in single lots, but sums his wins, claiming all of the pips for two or three take profit points.  I found a great example at a well known signal provider who’s charging $299.00 per month for his signals.

FOREX Signal Provider X reports having placed the following FOREX trade signal:

Sell EUR/USD@1.3367  SL:1.3405  TP1:1.3337  TP2:1.3307 TP3:1.3257

The risk is 38 pips

The profit at TP1 = 30 pips

The profit at TP2 = 60 pips

The profit at TP3 = 110 pips

This trade was picked up and reached TP1 and TP2.  Price then turned around and the rest of the position was quickly stopped out.

The reported profit for this trade is +90 pips!  FOREX Signal Provider X claims the first 2 take profits as full positions—when they are really two thirds of one position—yet ignores the 38 pip loss for the last “lot”. There are a few things wrong with this scenario. Remember, this is an actual FOREX Signal from one of those other guys.  Pay attention because this is a very popular way for FOREX Signal Providers to exaggerate their wins. First, the reported profit is absolutely FALSE!  There was not a 90 pip profit. Price did not even move 90 pips during the trade, unless you count the reversal.  The real profit was 17.16 pips.  How do I calculate that?  I simply use a weighted earnings formula.  Since the trade is broken up into thirds, I use a 0.33 multiplier for each of the wins and losses. Then I add the wins and subtract the loss.

(30 x 0.33) + (60 x 0.33) - (38 x 0.33) = 17.16 pips

The second problem is that the reward-to-risk ratio on this trade is horrible!

Using the same weighting formula as before, we find a maximum 66 pip gain [(30 x .33) + (60 x .33) + (110 x .33)] vs. a potential 38 pip loss. Why? Because our profits reduce as the trade progresses, but the loss is total. I could get into more depth on this, but simply put, the best case scenario makes this a low value trade. Market Mover Edge FOREX Signals are only considered with a reward-to-risk ratio of 2:1 or more. I seek out—and often find—those “treasure trades” with a 4:1, 5:1 or even 6:1 reward to risk ratio.

Finally, I have to mention that this FOREX Trade Signal had almost no possibility of making it to the third take profit target. This was a counter-trend trade that was projected to hit an important Fibonacci level near TP2. Counter-trend trades are risky when they are good setups. They’re suicide when the analysis is flawed.

Market Mover Edge FOREX Signal reporting is two-fold. First, I report all wins and losses. Some of my trades have what I call the Risk-Free Trading Zone. These are trades where I call a ½ take profit to preserve your capital in case of a jittery market. Again, a few trades I recommend taking a ½ position. This is all recorded and visible to all on the performance page. No games, no tricks, no polishing—just honest reporting. I have losses! I’m proud to report those losses. It’s how I handle losses that makes me successful. My intra-day results from 1 May 2009 to 22 May 2009 were:

USDCHF/Short - 4 May 2009 +106 pips

EURUSD/Long - 5 May 2009 +128 pips

EURUSD/Long - 6 May 2009 -25 pips

GBPUSD/Long - 7 May 2009 -59 pips

GBPUSD/Long - 8 May 2009 +100 pips

USDCAD/Short - 13 May 2009 -28 pips

GBPUSD/Long - 15 May 2009 + 200 pips

GBPJPY/Long - 17 May 2009 +27 pips (gap)

USDJPY/Long - 17 May 2009 +20 pips (gap)

EURJPY/Long - 17 May 2009 Flat (gap)

GBPUSD/Short - 18 May 2009 -30 pips

USDCAD/Long - 18 May 2009 -5 pips

EURUSD/Short - 18 May 2009 -26

USDCHF/Short 20 May 2009 - +61 pips

USDCHF/Short - 21 May 2009 - +109 pips

Total: +578 pips Please see our performance page for more in-depth details.

Market Mover Edge Weekly Extreme trades for May SO FAR are over 1100 pips! My earnings are actually 1119 pips, but others entered later or earlier and got a few more or a few less.

Now that you know how to debunk the typical FOREX Signal Provider’s accounting practice, it’s time to demand the very best. Honesty, accuracy AND performance can and does come in one service—Market Mover Edge. See you in our private trading room after you’ve joined our team! Welcome home, fellow trader. Let’s go rip some pips!

USDCHF/Short - 4 May 2009 - +107 pips
EURUSD/Long - 5 May 2009 - +117 pips
EURUSD/Long - 6 May 2009 - -25 pips
GBPUSD/Long - 7 May 2009 - -59 pips
GBPUSD/Long - 8 May 2009 - +95 pips
USDCAD/Short - 13 May 2009 - -28 pips
GBPUSD/Long - 15 May 2009 - + 100 pips
USDCHF/Short - 15 May 2009 - + 100 pips
GBPJPY/Long - 17 May 2009 - +27 pips
USDJPY/Long - 17 May 2009 - +20 pips
EURJPY/Long - 17 May 2009 - Flat

GBPUSD/Short - 18 May 2009 - -30 pips

USDCAD/Long - 18 May 2009 - - -5 pips

EURUSD/Short - 18 May 2009 - -32

USDCHF/Short 20 May 2009 - +61 pips

USDCHF/Short - 21 May 2009 - +109 pips

Total so far:  +557 pips

Weekly Extreme + 900 pips

Subscribers to The Market Mover Edge closed out our first month at a bank draining +1,010 pips!  This isn’t another auto-trader, EA, or robot.  My trades are hand picked.  Subscribers are given a weekly forecast that is supported by commercial trader data.  Trades are then carefully selected.  Only the highest probability trades are placed.

My trades are selected based, not only on probability but also based on reward to risk.  Nothing is placed without at least a 2:1 reward to risk ratio!

Some of my clients made reported making enough on their first trade to pay for my service for a YEAR!

These trades come from longer duration charts too.  That means  that you have several hours, and sometimes an entire day before you have to place the trade!  Imagine the freedom you’ll be experiencing.

Subscribe Today!