Jonathan1000

I was just wondering, how many people trade the markets at night time - like European and US Markets?

Hi there, Thanks for the information, I spoke to the trader who runs dow trader 7. He is a former trader at a futures trading company. I asked him more information regarding his trading strategy, he didn't tell me how it works but told me he uses a mechanical trading system that he applies in the same way but also uses human intuition that tells him the days where its best not to place trades. I have backtracked his tweets on twitter against the trades showing on the website and seems all valid. I did ask him about the 99% small winnersand 1% big loss that could wipe all profits out. He told me that this can happen if a person doesn't know how to set stop limits, know when to take profit and also who "marry trades" hence cant get out of losing trades. He says with his 11 years of watching the movement of the market and 20 year backtesting trading strategy he is able to achieve successful results. He says people who stick to learning information about trading from textbooks never make it, as the people who write the textbooks (who are too afraid to try trading and prefer to talk about it) provide too much scary information and advise on what you can and can't do. He said that people who are always sceptical of other peoples' winning systems are usually like this as they couldn't find a winning system themselves or weren't able to psychologically get it together themselves to become consistent. He said many of his clients were like this, and now they are doing very well copying his style of trading. I felt that what he said made sense. He also said that the people who really make the money get on with it, and trade the same patterns again and again..... He said people who look for problems find problems, the ones who want success and try hard for it achieve...all a psychological game. I feel very good about trying this system now. I am on a one week trial now....and am going to see how it goes I really appreciate your help, as if you didnt tell me, I wouldnt have known what to ask.

Hi All, I have tried a trading systems on the internet including Trader Tom, FTSE Trader a few others too...but what caught my eye is a site called Dowtrader7 I have used this for one week now and it appears to make money although the so called "master" doesnt trade everyday...just was wondering if someone could take a look at the site and tell me if the trades shown look genuine..i mean how can someone make money every time they trade...could this be true? The trader even posts the trade info on twitter which is @dowtrader7 as trades are complete....cant be a lie? Please help its £50 per month is it worth it?

I guess what you say is true...but just one question...if a trading master who made trades everyday and was in profit everyday would it be something to look at or not? seeing that even when we trade using our own judgement we lost 50% of the time and win 50% of the time...to me its a no brainer and Im not going to stop using the subscription...to me spreadbetguru.com is worth every penny...but I know not everyone will be able to stomache copying someone elses trades...even if they are profitable trades...thats why they say only 10% of traders make it through.

Hi All, As a trading beginner, I started using spreadbetguru.com copied the trades the guru was placing and looked at the chart to see if I could see what i was doing...it was tricky at first because you have to be ready to place the trade when you are told to....but ive gotten the hang of it and i can see what the guru is doing in where he is placing his trades with stoploss profit target etc...what i would say is that you do lose...but end up making money daily. Spreadbetguru I would say is a decent site that helps show you where a trader is placing trades which you will be able to pick up on when looking at charts. Apart from this, I think I will stick with trading Dow Jones, too scared to try any other market now.