All Systems Go With The Forex Signalman

Nov. 15, 2010 - PRLog -- It may seem like a bold statement – but according to new investment consultant the Forex Signalman, he can turn your £20,000 bank into £1 million within just one year... or two at the most.

Bold or not, the claim is backed up with impressive figures, and the twang of a man who knows what he is doing when it comes to Forex trading, the very fluid, continually fluctuating market that requires considerable skill to play.
   
But playing does not rank high in Forex Signalman's repertoire. In fact he swears by caution, as he is all too happy to admit.
   
"I am an experienced, and cautious currency trader," says Forex Signalman. "I studied mathematics, and statistics, and earned my Honours degree at Plymouth University. I went on to study advanced technical analysis, and subsequently developed my own profitable trading strategy."
   
And went on to make his first million by the age of 30, and now trades billions of dollars every year as a successful Forex trader.
   
So how does he do it?
   
Well, the strategy on the face of it is simple...but as they say, it's always the simple things that are the hardest to do. Basically, Forex Signalman does indeed trade with caution and seeks to grow his bank by just 1.5%, although he seeks to do this "each and every day", thus giving him a steady 7.7% weekly profit.

"My target," says Forex Signalman, "is to grow my bank by an average of 1.5% per day. This doesn't sound much but it equates to 7.7% per week or 4,800% per year. For instance, on day 1 with a £20,000 bank you'd be looking to make £300. On day 2 your bank would be £20,300 and you'd be looking to make £304.50 and so on. When your bank reaches £100,000 you'd still be looking to make 1.5% per day but rather than looking to make £300 you'd be looking to achieve a £1,500 profit. This is the power of compounding."

And he does this with his own custom-designed ‘indicator' for MetaTrader 4. Using a combination of multiple time frames, stochastics, and Fibonacci ratios, Forex Signalman waits for the green light, and makes his trades.

"But," he is quick to explain, "I do not rely solely on the indicator, as this would be foolish. I use it for guidance, along with constant analysis of fundamental trading information such as news broadcasts, and general real-time Forex market developments."

The MetaTrader indicator gives Forex Signalman a high probability of a successful trade and allows him to predict price turning point regions with a high degree of accuracy. Currently, he gets a strike rate of around 50%, and being a cautious trader ensures his losing trades cost him no more than 1% of his bank, whereas his winning trades go on to make him anything up to (and sometimes exceeding) 10% of his bank.

"Most days," he says, "I'll have one or two trades and my bank is continually growing steadily."

And it is this steady day-to-day growth that forms the basis of the Forex Signalman's offer to other investors looking to capitalise on his knowledge, and expertise on the foreign exchange. By subscribing to his service, Forex Signalman invites new traders to follow his lead, watch for his movements, make trades when he does, and then exit when he gives the signal with the 1.5% growth in the bag.

Once subscribed, investors are sent email trading alerts as they take place with details of the currency pair, his entry point, the stop loss, and whether the trade is long or short. A similar alert is sent out when he exits the trade in whole or in part. And that is where the MetaTrade 4 indicator comes into its own.

"Potential trades look markedly different when viewed on different timescales so my indicator uses these to generate a signal that can then be used to get an entry point with a high probablity of a successful trade."

According to the detailed table on Forex Signalman's website at http://forexsignalman.com an investors £20,000 bank will turn into £1 million by the end of a year's trading. Or should Forex Signalman only make 0.75% per day, then it will take two years. Either way, the prospect of £1 million being generated is bound to get many investors with sufficient capital licking their lips.

What you do with the information is up to you, as Forex Signalman doesn't make the trades for you. But by following his lead, the chances are you will be hitting the jackpot every day.

"The service is cautious," says Forex Signalman, "and works with 1% trades which means that your bank is protected. If you look at other systems out there, you need to check the likely drawdown. By trading just 1% of my bank and getting a high percentage of winning trades, the risk of a big drawdown on my bank is very low indeed, which is the way successful Forex trading should be. Unlike many traders, I have never blown up an account."