How Are Trade Alerts Sent?
In order, trading alerts are sent via twitter private feed @wrightfxaccess (please follow us, then email support with your twitter name so that we can accept your follow request), Skype signal room, on site chat & signal room, and email.
What Percent Per Trade Do We Tend to Take?
1/2-1 percent per trade is our usual risk.
How Many Open Trades at Once Do You Tend to Have?
The amount of open trades varies; however, we will not have more than 3-4 open trades with stops out of the money at once. When we go to breakeven or put stops in the money, only then will we look to add another position so long as the risk to reward is in our favor.
What Time Do You Usually Trade?
There isn’t a specific session that we trade in. We base our trades on price action reaching certain levels varying from Fibonacci retracements and/or extensions, trend lines, Ichimoku cloud, and more. If price action hits a specific level being watched during Europe, Asia, or the U.S. session, we will take that trade.
What Broker Should I Use?
We compiled a short list of what we feel are the best forex brokers around. Our decision was based on Trades, platforms, customer service and support, spread, Max leverage, deposit amount, and number of currency pairs available. Feel free to conduct further research if you see a broker that may fit your needs:
- FxproForex Broker on the Rise
How Many Pips Do You Aim For Each Month?
Although we essentially like to evaluate ourselves based off of quarterly results, we aim to end each month with more than 400 pips. Our goal for each quarter is over 1,000 pips.
Do You Post the Results of Your Trading?
Yes! Every single trade that we take is posted on our performance page.
How Accurate Are you?
Interestingly enough, we do not care about our win/loss ratio. Where we excel is letting our runners run, but being disciplined enough to have a stop and leave it. Similar to other experienced traders, our win/loss ratio is around 50% on average; however, our risk to reward is always at least 2:1 and pushes as high as 5:1. All in all, it is not about how accurate we are, but more so, finding great risk/reward trades. For example, lets say that we take 6 trades in a week. There could be 5 bad trades, lets say for example purposes for each one -20, netting -100. However, there could be 1 trade that rallies for 250 pips, providing a result of +150. This example is the reason why we do not care about our win/loss ratio.