Foreign exchange, commonly known as ‘Forex’ or ‘FX’, is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world’s most traded market, with an average turnover in excess of US$5.3 trillion per day.
Anyone! As long as you have an internet connection and a broker you can trade forex. Some brokers can’t accept certain countries as they’re not regulated by their authorities.
You can open an account with £100, but we recommend anything around £400-£600 to allow you to trade a few times a week with the given trading signals.
Trade The News averages around 91% of successful trades
We’re a team of three traders based in the UK with over 14 years of successful trading experience in the foreign exchange market. We decided to launch our service for two reasons: learning to trade is a difficult process that leaves many aspiring traders frustrated, and on top of that, there is no shortage of bad signal services that take advantage of these traders. Our aim is to help aspiring traders become profitable while they’re learning to trade, and even if they do not have the time or the skills to become profitable on their own, there is no reason why retail traders should not be allowed to take advantage of the forex market.
We are primarily first and foremost price action swing traders. We either trade with the trend or we trade price reversals when we see the probability is in our favour. Obviously we do not always win, but our winning trades exceed those that are not and our take profit target is always bigger than our stop loss. We look at multiple time frames to qualify setups that define our trading edge. We pay close attention to weekly, daily and 4-hour charts, and our entries are often based off of the 1-hour chart. Our trading style is about flexibility and taking advantage of opportunities when they arise. There are times when we close our trades early when we see that the underlying reason why we entered the trade is no longer valid regardless if the trade is profitable or not, and we’ll also notify you if we cancel a pending order. We are not mechanical traders per se; there will be times when we will let the market hit our price targets but there will also be times when we’ll exit our positions early. Our trades can last anywhere from a few hours to several days depending on market conditions. Generally, we will not exceed more than five positions at any one time and our targets are anywhere from 50 to 125 pips with stop losses around 25-50 pips depending on market volatility.
On average you should expect to receive around 7-12 signals per day but that of course depends on the current market conditions which always vary. The core strategy of our service is based on pending orders that usually are around 40-70 pips off the spot market price. As such, when we sell we wait for the price to go up so we can get in at a better level, and when we want to buy we wait for it to drop for the same reason. We’ve tailored our service in a way that would allow retail traders catch our set ups without having to instantly execute signals. We’ll also notify you if we cancel a pending order. Some months we trade more and some months we trade less if we see that there are no opportunities worth exploring. We more or less release all of our signals during the London and New York trading sessions.
Our view is that fundamentally trading is a business and not a get-rich quick scheme. Generally businesses assess their performance on a quarterly basis and we think that is the most sensible method to gauge our performance. Our benchmark target is to generate approximately 1,000 (one thousand) pips per quarter and 4,000 pips on an annual basis. This of course does not mean that we guarantee 1,000 pips every quarter because market conditions constantly vary. More importantly, we’re much more concerned with protecting our capital and minimizing our drawdown than we are with generating more pips under far more risky conditions. It is also worth noting that it is not necessary to be profitable every quarter in order to be a profitable trader. Drawdowns are a fact of the trading life and our aim is to make them as small as we can even if it means that we’ll have to sacrifice some extra pips. For psychological reasons it is easier to tolerate smaller drawdowns with smaller gains than larger drawdowns with larger gains.
Our signals are sent through WhatsApp in real time so you will get instant alerts of trades.
It’s quick and simple to sign up to our Forex Signal Service. You can get instant access to our service by choosing the best package for you here: Forex Signals