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Which
currency pairs do you trade?
Roughly
70 percent of the time we trade the
EURUSD, GBPUSD, USDJPY, EURJPY, however
we will also alert you on any of the
currency pair where we see opportunity,
including USDCAD, AUDUSD, USDCHF, GBPCHF,
XAUUSD.
What
times of day do you trade?
We
start from 6.30am till 1.00pm London
time. Often At 1.00pm we will give you
commentary on chart setups.
How
am I notified of a new trade alert?
You
will log into our chatroom - http://bindalfx.omnovia.com/,
You will be given a unique username
and password.
Do
you make Partial Exits?
All
our trades are based on 2 contracts
( or multiples of two) per trade, where
half of the trade is closed at the first
target (TP1), The second target (TP2)
is allowed to run for maximum pips wherever
possible. Once again full guidance given
on the trade management.
Can
you give examples of alerts?
Example
> GBPUSD Long (buy) @ 1.4485, stop
25, TP1+25, TP2 +100.
Example
of closed positions
GBPUSD
Long 1.4485, Tp1+25, TP2 +55 = +80 profit
GBPUSD
long 1.4550, TP1-25, TP2-25 = -50 loss
(where stopped
out )
Do
you give exact entries, exits and take
profits?
Yes,
always.
How
many trades per week?
Roughly
20 trades each week, Depends
on market volatility.
Will
I have time to enter the trades?
The
alerts are given in real time,
so you can enter immediately.
If however the markets have significantly
moved then we suggest you wait for a
pull back, as it often happens. Often
before the trade alert given we tend
to notify which chart is on watchlist.
What
is your performance record?
We
update the performance regularly - http://www.4x4u.net/bindalfx/fxlive2010.pdf
What
is the maximum number of trades you
will have open at any given time?
Usually
only only one open position. When
we do have more than one position on
we will take into account the correlation
of pairs.
How
long are the trades open for?
This depends on volatility, but typical
average is around 2 hours for intra
day, and upto 24 hours for swing trading
What
risk management do you suggest?
This
is discussed in detail when you become
a member.
How
are your signals derived?
Price
action > technical analysis
What
is your average stop loss and take profit?
This depends on volatility. We
aim for a 1:2 risk/reward ration.
Meaning we risk 25 pips to make a 15
or better.
Do
you offer a free trial period?
No
> but our service has a money back
guarantee. If we fail to give you a
250 pip monthly profit, then full money
refunded.
Can
your performance be affected if to many
people are following your service?
The
Forex market does trillions of dollars
a day in volume, no single individual
can influence the market for more than
a few seconds.
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