Remember, many of my clients are brand new to trading Forex.  My signals are WICKED SIMPLE to follow.  Because of that, I spend a great deal of my time every single day guiding and teaching new traders how to do the basics correctly.  Five to six hours of my day are spent responding to emails!  I don’t know how I can possibly handle any more than this and still give my clients the proper support they deserve.

So, when I reach 350, I will be forced to move to a waiting list.  When I go to a waiting list, I will only be offering monthly memberships at $147/month.  I need to be assured that if someone wants to leave the service, I can let someone else in that same day instead of forcing someone to wait a month or two.

After having talked with a number of clients about this future waiting list, I’ve had some questions that have come up more than a few times.  I’ll try to list all of those below.

All of my signals have now been adjusted to accommodate a 3 to 5-pip spread, depending upon the pair.  This fits the norm or average spread for most brokerages for the pairs I trade.  If you trade with a Forex broker who has ridiculously high spreads, sorry, but you’ll have to adjust more to accommodate for your crooked broker!  ;)

Below, you will find my price feed at my live account with FXDD.  This is where I trade my Simply Signals’ alerts to keep accurate recording records of all of the signals I send.  If you want your results to match mine, you will need to adjust your own price feed to match mine below.

These are the high, low, open and close prices of the DAILY CANDLES at FXDD on 23 March 2011 (New York time zone).

This is simple.  It’s perfunctory money management.  Now, if you believe what your broker tells you–and that would be a HUGE mistake–you’ll use a micro account for anything under $2000.00 and a mini or even standard account for anything over $2000.00.

THIS IS RUBBISH, PURE RUBBISH!

I want you to think about something.  When you lose a trade, where does your equity go?  I mean, who gets it?  Does it magically go to the market?  Does a fairy pop out from your monitor and pocket the cash, toting it back to her fairy tree house?  Or, does your BROKER pocket your money and entice you to do it again and again and again?

Hmm…that’s an easy one.

Here is a quote from FXDD’s website.  I want you to think long and hard about this and then I’m going to explain why getting AND USING a micro account is the ONLY way to go if you want to be as profitable as possible in your Forex trading…and, in turn, stick it to your broker!

Customers must deposit a minimum of USD 250.00 to open a Mini account, or USD 2,000.00 to open a Standard account.

FXDD actually has the gall to tell you to use a MINI ACCOUNT for a $250 Forex account! They don’t even make mention of a micro account, yet FXDD allows micro-lot trading!  This comes directly from their “Customer Account Information” page on their site!  They don’t even mention the ability to trade with a micro account yet it is one of their options!  OK, I’m sorry but that is just blatant fishing for people’s hard-earned money! “Customers must deposit a minimum of USD 250.00 to open a Mini account, or USD 2,000.00 to open a Standard account.” $2000.00 for a STANDARD ACCOUNT?!?!?! That’s $10-pips! If you place a trade with $10 pips on a $2000.00 account, you’ll be getting a margin call in a day or two. Seriously, FXDD, can’t you cover up your greed a little better than that?

Let’s have fun with this.  Let’s look at something else.

If any account equity is less than $5,000.00 USD, a micro account on MetaTrader 4.0 is appropriate.

Now here is another one from FXDD. In their FAQ section, there is a question about whether FXDD offers micro accounts. Their answer? “If any account equity is less than $5,000.00 USD, a micro account on MetaTrader 4.0 is appropriate.” Any account UNDER $5000.00? That’s it? Hmm…This is quite misleading, really. You can use micro lots on ANY ACCOUNT SIZE with MT4 yet they say it’s only “appropriate” for accounts less than $5000.00.  Ridiculous and pure greed. They want your money…and fast…and that’s why they spew this garbage! Check this out.

Misleading, don’t you think?  I, myself, find this highly offensive.

Now here’s the reason why I recommend using a micro account for anything under $100,000.00.  Yes, that’s 100 grand and it is no typo.  Let’s look at 5 different examples of micro vs mini accounts and see how they end up using “typical” trading in any given month.

Please note, these are not real trades but just typical returns based on using both 1:1 leverage trades with larger stops and 1$ risk trades with stops under 100 pips.  These examples are meant to be regarded as the typical trades in one month of ANY TRADER, not a Simply Signals month.  Again, this is just to illustrate the differences in a micro vs mini Forex account.

EXAMPLE 1:  Micro Forex Account WITHOUT Losses

Micro Forex Account

EXAMPLE 2:  Mini Account WITHOUT Losses (Using proper money management and NOT over-leveraging your account)

Mini Forex Account

EXAMPLE 3:  Mini Account WITHOUT Losses and Over-Leveraging (since I’m sure most would do it this way)

Over-Leveraged Mini Account

EXAMPLE 4:  Micro Forex Account with Typical Losses

Micro Forex Account with Losses

EXAMPLE 5:  Mini Forex Account with Typical Losses

Over-Leveraged Mini Forex Account with Losses

Now, after scrolling through all of that, let’s compare the two most realistic examples.  Let’s look at the micro account with normal losses compared to the over-leveraged mini account with typical losses. These would be trades similar to those taken from a normal trading month. Average wins, average losses. Nothing out of the ordinary. Just plain, simple trading typical of a normal, everyday Forex trader.

Forex Micro Account

• From $7348.26 to $7667.76
• Up $319.34 in one month
• +4.3% in one month
• +52% annually

Forex Mini Account

• From $7348.26 to $7544.26
• Up $196.00 in one month
• +2.6% in one month
• +31% annually

Now, to me, there’s no comparison.  You earn more with a micro account AND your risk less.  Is there anything better?  Make more risk less?  Hmm…It’s a no-brainer for sure!

Now, finding a good, decent, respectable Forex broker that offers micro lot trading?  That’s a whole different issue!

These will all be taken from the H4 charts, which means they can come out EST/EDT (we’re currently in Daylight Savings Time–EDT) at 1:00am, 5:00am, 9:00am, 1:00pm, 5:00pm and/or 9:00pm.  Now, let’s face the facts.  I’m on Eastern time here in the United States.  I also like to have a life.  I don’t trade Forex so I can be bogged down with stress and BS from unruly markets and trigger-happy traders with an itchy finger.  So, the MAJORITY of your intraday Forex signals from me will come shortly after the 4-hour candle closes at 9:00am, 1:00pm, 5:00pm and possibly 9:00pm.  Those 1:00am and 5:00am candles are not lookin’ too attractive to me at this point.  Remember, I’m turning 40 this year and we girls need our beauty sleep the older and more shriveled we get!!!  ;)

OK, so on a serious note, these trades will have a 50-pip stop loss and a 50 to 60-pip target, depending upon the pair.  I trade this 4-hour system on AUD/USD, EUR/USD and GBP/USD and I’ve traded it for years in my own personal Forex accounts.  It’s not something I just threw together on the fly.

These trades can have some trade management calls yet most won’t.  Just be prepared.  Trade management calls will ONLY come out via Yahoo Messenger.  If I send it out via email, that’s simply a courtesy.  Don’t expect it.  Expect YM only for trade management calls.

Below you will see a chart of some recent trades I’ve taken.  The arrows come from the custom indicator I had written for this system.  They alert me to the fact that there is a new valid trade signaled.

Look for Trades Like These with this 4-Hour System

For reference, the trades above came out at 1:00pm, 1:00pm, 1:00pm and 9:00am from left to right.

Because these will have such small stop losses, we’ll be using risk instead of leverage to figure proper lot size.  Let’s have a quick look at how to figure out proper lot size or position size based on risk.

Account Size:  $8629.38

Risk:  1%

Stop Loss:  50 pips

RISK FORMULA

Account Equity x Risk Percentage = Account Equity at Risk (no matter how large the stop loss)

Account Equity at Risk ÷ Stop Loss in Pips = Position Size

CALCULATION

$8629.38 x 0.01 = $86.29

$86.29 ÷ 50 = 1.7258 or $1.70/pip or 17 micro lots or 0.17 lot size

Common Questions

Let’s move on to a few common questions I’ve received from clients.

Who knows if they even care if their math is correct?

This is your financial future.  Do you want to trust some kid barely out of diapers with your hard-earned money?

Ah, that’s a resounding, “NO!”

So let’s get to this.  Figuring the proper position size for your Forex trades takes 1 minute or less and your financial freedom is worth the drop-in-the-bucket efforts.

Figuring Proper Position Size Using Leverage

Using leverage is the easiest thing in the world.  The math is so simple even a kindergartner could do it!  Let’s look at a couple examples.

EXAMPLE 1

Account Size:  $7539.47

Type of Account:  Micro

Amount of Leverage for Calculation:  1:1

When using 1:1 leverage, it’s really as simple as this.  For each $1000.00 in your account, your position size goes up by ten cents or 1 micro lot.  0.01

For this example, the Forex account equity is $7539.47.  That’s ten cents times seven or seventy cents.

$0.10 x 7 = $0.70 or 7 micro lots

EXAMPLE 2

Account Size:  $13,264.84

Type of Account:  Micro

Amount of Leverage for Calculation:  1:1 and 2:1

This is another very simple way to calculation your proper position or lot size using leverage.

Account Size x 0.00001 = Position Size (1:1 leverage)

Account Size x 0.00002 = Position Size (2:1 leverage)

$13,264.84 x 0.00001 = 0.13 or 13 micro lots ($1.30/pip)

$13,264.84 x 0.00002 = 0.26 or 26 micro lots ($2.60/pip)

The use of leverage to calculate lot size is best used with large stops.  Large stops are typically used as an insurance policy against blowing your whole account instead of smaller stop losses, which are often used as untimely and unfortunate exit strategies.  I typically recommend using leverage as your money management system when you’re trading with stops over 100 pips.

At 1:1 leverage, each 100 pips is equal to 1% equity in your Forex account.

Figuring Proper Lot Size Using Risk

Risk is what most traders use to figure their lot size.  That is, IF they’re using any money management at all.  I’d go into a rant about this but now is not the time nor the place for my soapbox ramblings.  So, without any further ado, let’s get on with this.

To determine proper position size using risk per trade, you must know three things:  account equity, stop loss size in pips and the percentage of your account you wish to risk with said trade.  Let’s look at an example.

EXAMPLE 1

Account Size:  $7539.47

Stop Loss:  77 pips

Risk:  2%

Here’s the simple math that YOU CAN EASILY DO WITHOUT A CALCULATOR!

Account Size x Risk Percentage = Equity At Risk

Equity At Risk ÷ Stop Loss =

$7539.47 x 0.02 = $150.78

$150.78 ÷ 77 = $1.95/pip or 19 micro lots

Now, when using risk, one thing you need to remember is that no matter how large your stop loss is, your RISK is always the same.  So, whether it’s a 77-pip stop loss or a 300-pip stop loss, you still are only risking $150 in the above example.  What changes with your stop loss size is not the amount your risking per trade but the amount you’re able to make.  The smaller the stop loss, the more you can make because your lot size will be larger.  This doesn’t mean I’m advocating using ridiculously small stop losses.  That typically just ends up being a way to shuttle money OUT of your Forex account instead of INTO it.

Stop losses should always go where they are TECHNICALLY and/or STATISTICALLY sound…and nowhere else.  If that means you can get into a trade with a ten-pip stop loss, AWESOME!  If it ends up being a 350-pip stop loss, use leverage and say thank You when  it takes profit and adds equity to your account.

Needless to say, figuring your proper position/lot size is SIMPLE.  Too simple to use a calculator written by some unknown programmer working for less than $2.00 per hour!

Your peace of mind is worth a whole heck of a lot more than that!  Just do the math and call it a winner!

• UNCOOPERATIVE MARKETS: Sometimes the Forex market is more condusive to lower time frame trading. Since I trade on the daily charts here at Simply Signals, when the market is flat, in consolidation, we might not have a trade until price breaks out of that flat and picks a certain direction. The downside of that is that we can go a week or two without a signal. The upside of that is that we don’t get caught in a range where we just get entered into a trade and then the market turns around immediately once we’re live. Of course, that can happen and does but not too often.
• TOO MANY WINNING TRADES: What? There’s such a thing as too many winning trades? Sure. If we’ve had six or more winning trades in a single week, I’m going to take the rest of the week off and preserve the money we’ve made. I know there are some of you who may not have entered all of the trades. I get this. However, I have to look out for the masses (and myself) and as a non-greedy, professional trader, when I’ve reached my equity goals for the week. I won’t risk giving that right back to the market.
• HEAVY NEWS DAYS: I’m not a news trader. We will never get new EOD trades before heavy news days like NFP. Just consider that Thursday and Friday a nice break from trading and spend some much needed (and deserved) time with your loved ones! Now, we will definitely have live trades in any given NFP week. However, I won’t be placing NEW trades the day before.
• NEED FOR CONFIRMATION: As mentioned above, it’s not all that frequent when we get into a trade and then the market turns on us and we take some larger losses. It DOES happen, though. Sometimes it happens back-to-back. When this occurs, I will be holding back from trading when I get a new reversal signal. I’m looking for a confirmation that the market has finally chosen a direction. This means it might be another day or two before getting back into the market. I’d rather be a little overcautious than a little reckless with your money.

One thing all of my Forex traders must remember is that I never take a day off.  Just because we don’t have signals for a while doesn’t mean I’m not assessing the market and our safety in trading it.  Sometimes it’s more profitable to STAY OUT than to dip your toes in the water and have a leg devoured by the Forex market shark.

At 2:1 leverage, if we have a 350-pip stop loss, that could mean a 7% loss if that trade were to stop out.  Granted, this is very unlikely, but it CAN happen.  Because of this, we must plan fo the worst case scenario and be thankful for better.

So, this single trade could very well account for a 7% loss traded at 2:1 leverage as is the maximum leverage for primary trades.  If all four of our EOD Forex signals that day are primary trades, that means we could very well have one of those catastrophic days and end up losing 28% of our accounts!

YIKES.

You must use your head when trading these.  I know you want to mirror my results and that’s awesome.  But, my results show every possible trade, the good, the bad and the downright freakin’ ugly.

You must also remember that if we have 4 trades in a single day, say, on EUR/USD, USD/CHF, AUD/USD and GBP/USD, all of these could very well be the same trade taken on different pairs.  With all of these trades having USD in common, they could virtually be the same trade.  EUR/USD and USD/CHF trades are so highly correlated that it’s best to choose one of these and not both.

Now, I’m not trying to scare you or talk you into not trading my signals.  Of course I’m not doing that.  But, I want you to use your head.  Think carefully about your own appetite for risk amd how you’ll feel if you have to take a 20+% loss in a single day.  If this is going to stress you out to the point of losing sleep, do not take all of them.

You can always choose which pairs you like best and take those trades when we’ve got a full signal plate.  No one will call you a sissy.  It’s just prudent risk management and that places you well above the masses when it comes to PROFITABLE Forex trading.

So, use your heads, people, and think carefully before taking multiple trades.  Set your weekly profit targets between 1 and 2% and when you hit that in a week, STOP TRADING.  Don’t just stop trading, stop opening your EOD Forex signal emails from me!  No one is pulling your arm to take every trade.

Why, you ask?  Well, the way I see it, we are a team here.  We’re a team of highly successful Forex traders and because of that, we ALL should profit the same.  So, from here on out, our EOD Forex signals will target 50-pip wins, and that is WITH the spread adjusted into the signals.

This should make your EOD trading here at Simply Signals that much easier.  Virtually no thought necessary to trade these babies!  (OK, well, that might be a gross understatement but you catch my drift.)

For those still a bit confused, I’ll spell it out for you.  Here’s a typical EOD signal as you would see it in your email or YM.

EXAMPLE EOD FOREX SIGNAL (NOTE:  this is an EXAMPLE and not something you really want to trade right now!)  ;)

BUY EUR/USD

ENTRY:  1.34870

STOP LOSS:  1.31220

TP1:  1.35370

SIGNAL TYPE:  SECONDARY

LEVERAGE:  1:1 MAX

EXPIRY:  5:00 PM EST (UTC-5) XX/XX/2012

To place this trade, you simply put your buy order in at the exact entry price.  You then place your stop loss at the exact stop loss price given.  And, guess what?  You also enter the exact target price listed in your EOD Forex signal!  WOO HOO!

No thought.  Super easy.  Sweet.

Um, yeah, DUH.

He “made” (and I use that term WILDLY) 1% A MONTH and people were THRILLED, ECSTATIC, ENTHRALLED with his financial “prowess”.  ONE PERCENT A MONTH!

Even the SEC had whistle-blowers writing letters to them years before the big bust stating he was claiming completely unrealistic results.

ONE PERCENT A MONTH…and this was considered UNREALISTIC…so unrealistic in fact that numerous letters were sent to officials trying to blow the top off the scam.

A consistent one percent a month was TOO GOOD TO BE TRUE.

[frame_right src="http://simplysignals.com/images/MrFakePips.jpg" href=""]
You’re gonna trust your money with THIS GUY?
[/frame_right]

Why is it so difficult for Forex traders, especially Forex signal traders, to get it through their thick heads that NO ONE can consistently make 20% a month equity gains?  Now, I’m not saying it’s impossible to make this.  But, to rack up 20% month-after-month?

There is NO signal provider out there who can do this.  NONE.   I won’t even question it.  There is no trader that good.  And, if there were, s/he certainly would NOT being selling service online to signal traders for $100 or even $1000 a month!  Think about it.

Why, Caden?  Why wouldn’t someone who can make 20% a month sell his service?

Well, in case this concept is too difficult to grasp, perhaps some numbers will illustrate this better for you.  Check this out.  You MUST believe the numbers.  They are cold, hard facts with no exaggerations or BS.

Let’s say you start trading with a superhero Forex signal provider who can make 20% equity gains month-after-month.  And, let’s say you are finding it difficult in these trying times to come up with an extra $2000 to deposit into a Forex account.  (I use a $2000 example because it is almost always the poor, and I don’t mean bad, traders who expect the moon and the stars instead of slow, steady growth.)  Sorry if I offend but it’s nothing but the truth.  Sometimes the truth is a bit hard to swallow.  So, you and your $2000 Forex account happen upon Mr. Superhero FX Trader and you go all in.  Check out these hypothetical results.  These are taken as 4.5% weekly equity growth, compounded, which amounts to just below 20% per month.

OK, I’m sorry but is it possible for anyone to be THAT dumb?  Seriously?  If you truly believe it’s possible to bank 20% month-after-month, then really, you have ABSOLUTELY NO BUSINESS TRADING FOREX, especially with a live account larger than 250 bucks.

Oh, you think I’m kidding?  Get real.

You know, I’ve actually read BS artists trying to scam money out of desperate Forex signal clients by stating that their Forex signal service makes a “modest” 20% to 50% A MONTH!

OK, I”m sorry but that just makes me want to run screaming from my beach house and drown myself in the ocean.  You have GOT to be smarter than this.  (And really, I don’t know if I’m talking about the signal client or the provider in this particular case!)

Wait a minute.  Hold your horses!  I’ve got it!  By George, I think I’ve got it!  I can’t believe I didn’t think of this before!  Hmm…Our government should just fork over the $2000.00 (if we could spare that from the petty cash pot) and trade Mr. Fake Pip’s Forex signals for 10 years!  THAT WOULD DO IT!  We’d be out of debt for good!

Oh, wait, Mr. Fake Pips and every other Forex signal provider who touts huge monthly gains and 1000+ pips a month every month…they’re all LIARS.  Darn.

[frame_left src="http://simplysignals.com/images/ConsistentForexProfits.jpg" href=""]
Slow.  Steady.  Safe.
[/frame_left]OK, OK, enough is enough.  Folks, you need to get a grip on your expectations.  Let’s get serious here for just a minute.  If you are truly serious about making it in this business of Forex trading…if you finally want to just do it and make it and prove to everyone you know that it really IS possible to make money trading Forex, then you’ve GOT to give up on your ideas of making millions of dollars overnight.  You’ve got to give up on shooting for the moon with every trade.  You’ve got to let all of that go, settle down and just take it slow.

I don’t need to tell you slow and steady wins the game.  We all heard that story a billion times when we were kids.  Think about it this way.  ALL of the notables, the great traders and the millionaires of trading did it like a turtle…and NOT a jackrabbit.

So stop spinning your wheels, revamp the way you think about trading and just think about slow, steady progress that will actually make some positive changes in your life and financial freedom.

That’s it for today.  That is the best advice you’ll ever get on Forex trading.  If you don’t agree, stay in your little shack with your 20-year old beater and keep dreaming.  Otherwise, come on over to those who know and join the SMART, SLOW, STEADY and SUCCESSFUL Forex traders who really DO win.

Peace.  Out.

 How long do you expect to be in business?

Most Forex signal providers are in business less than ONE YEAR!  Unbelievable but it’s so true.  This is a short-lived business for anyone who is NOT a true meat-and-potatoes Forex trader.  I’m talking a real, professional trader.

I AM MEAT AND POTATOES!

I am here to stay because this is my life.  It’s what I do when I have free time.  It’s what I do when I supposedly take time off.  It’s what I do when I eat, sleep and breathe.  I’m a trader.  It’s who I am.

So, needless to say, I’m going to be doing this until the day I die.  I wouldn’t have it any other way.  And, what’s more, I LOVE helping people make money!  Call me a softie, a pushover, call me what you will.  I just love making traders’ lives a little bit less stressful, a little bit happier, a little more successful.

Think about it this way.  MOST Forex signal services are here and gone within a single year!  ONE YEAR and they’re GONE, wiped from the face of the Internet AND planet!  Here today, gone tomorrow.

I started out with 5 clients when I started Simply Signals back in June of 2009.  JUNE OF 2009.  Did you catch that?  Now, just 2 1/2 years later, I have over 300 clients and I’m CONSTANTLY improving my site AND service.  I live to make my clients happy!

OK, enough about me.  I know, I know, once I get started on me, it’s hard to stop!!!  ;)

So here goes.  Let’s talk about what’s here for you.

I like to reward traders who know a good thing when they see it.  I also like to reward loyalty.  So, being the SOFTIE that I am, I am  allowing 5 people this year to get a lifetime membership to Simply Signals for only $1497.  That’s a savings of $1000 off the regular price of $2497.  It’s also a savings of $267  from the month-to-month price of a SINGLE YEAR!

A LIFETIME OF SIGNALS FOR LESS THAN THE COST OF A SINGLE YEAR!

Yep.  I’m doing it.  But, I’m only doing it for 5 traders.  5 HIGHLY INTELLIGENT TRADERS who know a great deal when they see it.

[frame_left src="http://simplysignals.com/images/ForexStopLoss.jpg" href=""]
Don’t let this guy be you.
[/frame_left]Don’t waste any more money on fly-by-night signal providers who have no clue what it means to be a Forex trader.  Don’t waste any more money searching for the Holy Grail Forex system that does NOT exist.  Don’t waste any more money on liars, cheats and thieves.  I know you know this look.  Do NOT let this guy be you!

Once these 5 slots are gone, they are gone.  I will NOT give out more than 5 at this price.  You’ll have to shell out more money for the same thing if you miss out on this deal.  And just to dish out some numbers for you, I signed 14 Lifetime Members at the regular rate last month.

F-O-U-R-T-E-E-N.

Use the coupon code below and get in now while you can.  This is truly the CHEAPEST my signals will EVER be!  It is my goal in life for you to be a successful and HIGHLY PROFITABLE Forex trader.

COUPON CODE 6AD5294855

For those of you wanting to try Simply Signals out for free, I offer TWO two-week free trials every year.

CURRENT FREE TRIAL:  22 January through 3 February 2012

NEXT FREE TRIAL: 30 September through 12 October 2012

This is ONLY for the above dates.  I will not extend this offer if the weeks don’t give many signals.  You get what you get.  It’s free for Pete’s sake.  Don’t bitch and moan if you can’t take any of the trades.  This is a random sampling of two weeks’ worth of signals.

This is meant to be a good look into a random two weeks of what you get as a Simply Signals member.  If you like the trades, sign up and join our HIGHLY SUCCESSFUL team of Forex traders.  If you like my style, my honesty and my trading philosophy, sign up.  If you don’t like my trading style, that’s cool, too.  Go find some other service that’s more in line with your own trading style.

If you want to give it a go, awesome, sign up below.  But, remember, with any trial, you should trade these DEMO-ONLY!  These Forex signals are only intended to give you a short glimpse into my conservative style of trading.

Yes…and…no.

You had to know that was coming!  I can’t possibly answer a question like that with a one-word answer.  You know me.  I have to hear myself type, right?

So here’s the deal.  When CAN you enter a trade late?

[check_list]

• 1) If you’re a new member and we have current live trades that are in negative territory, you can enter Forex signals late ONLY BY PLACING STOP ORDERS with the proper, SIGNALED entries, stop losses and targets.
• 2) If you’re an existing member and didn’t enter the trades when the signals came out, you can enter a signal late by placing a STOP ORDER within the SIGNALED ENTRY RANGE.

[/check_list]

Do not, I repeat, DO NOT enter a trade late at a price that is closer to the target than what I’ve signaled.  If you missed the trade, so what?  Others will come.  Do not get into a trade late and miss out on half the profits.  Enter at the RIGHT PRICE ONLY.

Need an example?   OK, here goes.

Let’s say my Forex signals came out at 5:15 PM EST and you didn’t get your email until 9:00 PM EST.  At 9:00, you notice our trade is already live and has moved 20 pips in our direction.  You don’t want to miss out on the profits so you enter the trade late, missing out on that 20 pips of good lovin’.

Don’t have a happy trigger finger when it comes to Forex trading.  It will only bite you in the bootay in the long run.  Let this one go and be happy when it takes profit without you.  This isn’t such a bad thing.  It helps give you confidence in your Forex signal provider’s Forex system.  That is part of the magic equation to making money in this business.  So sit by along the sidelines and do not rush to get in late on a trade that’s taken off without you.  SIT AND WAIT FOR THE NEXT SIGNAL.

If you only use stop orders when getting into trades late, you forego the risk of getting into a trade that’s already reversed and moving toward our stop loss.  Getting in within the signaled entry range via a stop order gives you peace of mind that the market has once again started moving in our direction.  Your odds off success, making money and reaching our TP greatly increase with late stop orders rather than jumping in and tossing your hopes out there.

Remember, trading in the foreign currency market is like swimming off the coast of Australia with huge chunks of tuna strapped to your limbs.  It’s not smart but if you must do it, do it right, with the best chance at getting out unscathed in profit.

Profit is ALWAYS the end goal…not the action of placing trades!  ;)

There are two ways you can deal with large losses in gap trades:  1)  the Sentinel strategy, and 2) using price action to look for a re-entry price.

First up is my colleague, Tim Barnby’s, Sentinel strategy.  With the Sentinel strategy, you re-enter the gap trade at exactly the same point where you stopped out (or manually closed out your trade).  When you can’t stand watching a trade go against you any longer and must have some sort of relief, you exit your losing gap trade.  You simply let the market move 40 to 70+ pips past your exit and place a stop order to pick you back up when the market turns around.

Can you get burned twice using this strategy?  Yes, of course you can.  It’s gap trading and although it’s highly accurate, it CAN and sometimes DOES come back and bite you in the ass.  Unfortunately, that’s just a risk that goes along with such high probability trades.

The second thing you can do is watch price action.  Often, inside bars can be a good indicator for a continuation.  BUT…they can often signal a reversal, too!  We’ll use today’s inside bar on USD/CHF as the example.

We are currently in a LONG on USD/CHF from about 3 weeks ago.  Today’s daily candle was a gorgeous inside bar.  One way to re-enter this trade is by placing a BUY STOP about 10 to 15 pips ABOVE tofday’s daily high, which was 0.73283.  By placing a buy stop order at 0.73430, if the market decides to start a reversal here, you’ll be set up for a nice comeback.  If she decides to keep falling like a rock, your trade will never get picked up and you can cancel the pending order and wait for a new opportunity.

Our EUR/JPY trade has been stuck in a range for a while now.  I’m looking for some sign that it’s going to turn around to close the gap.  The Japanese government keeps threatening to intervene again, even after last week’s failed attempt.  In an instance like this, I would use the buy stop strategy from above.  I’d use price action to look for a reversal candle on the daily charts and place a buy stop 15 pips above that high.  Look for a pinbar, a spinning top, dragonfly doji, long-legged doji or even a piercing pattern.

You WANT to have your buy stop all set up BEFORE BOJ decides they’ve had enough and starts dumping Yen.  Be prepared because I’m betting it’s going to happen again sometime soon.

The market really is a beast and you’ve got to always be on your toes.  if you happen to get stopped out on a gap trade, then using one or both of these tools can help you regain some of the losses your Forex account has suffered.

Simply Signals IS the most pirated Forex signal service on the planet.  I’m not EVEN kidding!

In the past 6 months, I have had 17 other signal services pointed out to me by clients as sending IDENTICAL FOREX SIGNALS shortly after mine have been sent.  I don’t know about you but to me, that says A WHOLE FREAKIN’ LOT about the quality and profitability of MY service!

Would you steal Forex signals that suck and pass them off as your own?  Of course you wouldn’t.  There is no one on the planet dumb enough to do that.  I don’t care who you are!  That’s just ludicrous.

[frame_left src="http://simplysignals.com/images/BestFXAlerts.jpg" href=""]#1 Pirated Forex Signal Service[/frame_left]So, why are all of these thieves stealing my hard work and awesome Forex signals?  That’s simple.  Because my trading is so much better than anything they could even dream to do on their own.  No brag, just fact–OBVIOUSLY.

So why would anyone want to use a copied service instead of the real deal, Simply Signals?  Well, there are a few reasons for this.  First, people don’t know they’re using a stolen service.  They just think they came across a rockstar trader.  Unbeknownst to them, I am the rockstar trader and not their thief signal provider.

Many of those pirating my Forex signals sell them for at a slightly cheaper rate.  ”Score!” you think.  Well, let me tell you, it’s NOT a score for you, the client.  It’s only a good deal for the thief.  You see, the thieves pirating my service have no clue how to trade Forex and WIN.  They don’t know a thing about my trading systems and why I send certain signals at certain times of the year.  They just know they send what they get.

They know how to forge, how to lie and how to steal.  That’s it!

THEY ARE THE REASON SO MANY OF YOU HAVE LOST THOUSANDS OF DOLLARS TO LYING, SHYSTER FOREX SIGNAL PROVIDERS!

[frame_right src="http://simplysignals.com/images/17PiratedForexSignalServiceScope.jpg" href=""]Targeting ALL Thieves Stealing My Service[/frame_right]When I catch someone pirating my FX alerts, I stop sending them Forex signals immediately.  Then, all of the sudden, they find themselves in a whole world of hurt with NOTHING to send their own paying clients.  What do they do?  They know NOTHING about trading Forex successfully.  They know NOTHING about the markets and what’s going on.  So what do they do?  They need to keep their monthly income rolling in so they send out CRAP trades from a system that doesn’t profit.

How many times have you been with a service that was profiting like a big dog and then all of the sudden, it seems to go to hell and every trade signal sent out loses?  The trading style all of the sudden seems different, like SOMEONE NEW has been sending the signals?  That happens A LOT.  In fact, I can think of SEVENTEEN TIMES that’s happened to other signal services in the last 6 months!  Hmm…Interesting, isn’t it?

“But, Caden, how do you know when someone is stealing your Forex signals and sending them out as his own?”

That’s easy.  I have 300+ clients from over 65 countries around the world.  Many of them speak and read multiple languages, as do I, and we ALL love to read about Forex, Forex signal services and the currency markets.  My clients are LOYAL TO ME because I make them money, I’m here for them 24/7 and they know I genuinely care about their trading success.  When they see duplicate signals coming WELL AFTER MINE from some hack signal provider in Canada, England, Italy or Israel, for example, they KNOW there’s a whistle to be blown.  Some of these other Forex signal services even COPIED MY RESULTS CHARTS and pasted them on their own sites!  My Forex gap trade results chart appears on 3 other signal providers’ sites!

They don’t even try to hide the fact that they are incapable of doing anything of their own!  They STEAL MY WEB COPY, often word-for-word!

So what does this have to do with you, the prospective client?  I guess it must be said.  Do you want to trust your financial success with someone who has no clue how to trade Forex?  Some who is STEALING FOREX SIGNALS and sending them out as his own?

Or do you want to go to the source and get the real deal, the REAL trader, the REAL brains behind the trades?

I know you’re not dumb.  You know the right answer and you know which service will be more profitable in the end.  I wouldn’t trust a Forex signals pirate with Monopoly money let alone my hard-earned cash, often saved for years!  NO FREAKIN’ WAY!

You do the math but I’m telling you, NO ONE WOULD STEAL FOREX SIGNALS THAT SUCK.  We profit here at Simply Signals.

Simply Signals is the real deal.  Everyone else is a copy.  Sign up today and profit consistently.

Simply Signals IS the most pirated signal service on the planet because we’re the best.  PERIOD!

When I started Simply Signals almost 3 years ago, I had only a handful of clients, plenty of time to respond quickly to emails, and a rate of $50/month.  I wanted to make sure EVERYONE could afford my service.

Well, after almost 3 years of successful Forex signals, I’ve now got over 300 clients and more signing up almost every day.  Can you imagine the time it takes to respond to emails?  I don’t allow my assistants to respond to emails because that’s personal and I strongly feel everyone who uses my service (or is thinking about using my service) should get the answers straight from me.  After all, these are MY Forex systems and MY Forex signals…not anyone else’s.  That means I need to be the ONLY ONE with my hands wet to the elbows with questions and client contact.

I still want to be able to make my service affordable to everyone, even those who must have DEEP DISCOUNTS.  But I can’t handle the workload that comes along with a constant price below $100/month like I did when I first started out.

HERE’S THE DEAL

I offer DISCOUNT FOREX SIGNALS for $41.41/month.

HERE’S THE CATCH

I only offer this discounted rate to ONE PERSON EACH MONTH.

HERE’S THE INFO

It is an ANNUAL MEMBERSHIP.  This means you pay one time per year for 365 days of Forex signals.  $497/year which works out to be $41.41/month.  This is a RECURRENT rate.  That means as long as you stay a current client, you will not pay more than this rate, even when my rates increase.  You are LOCKED-IN at this cheapo rate.  It’s not just for the first year and then it jumps to my regular rate.  Nope.  I’m not in the business of screwing people over to try to weasel out a few hundred extra dollars.  I can’t stand those people.  $497/year as long as you stay a client.  Period.  Simple.

HERE’S THE WHEN

On the first day of each month, I will update this post with the new month’s SINGLE COUPON CODE.  This is good for ONE ANNUAL MEMBERSHIP ONLY.  One a month is what I offer.  The first person to use it is the ONLY LUCKY TRADER that month.   If you must use the discount code in order to be able to trade my FX signals, then you need to get here quickly and use it ASAP.

Last year, I offered three discount annual memberships a month.  Those were often GONE within the first two days of the month!  Now, because I am getting so busy, I am only offering ONE DISCOUNTED, CHEAPO RATE PER MONTH.

If you want it to be yours, you’d better use the coupon code as soon as it’s posted.  I won’t offer more than this one per month.

Don’t let others get your great equity growth.  Use the coupon code ASAP and don’t waste time.  See it.  Use it.  If you don’t, most likely it WILL BE GONE and someone else will be making the money that should be yours.

HERE’S THE CODE

This coupon code is only valid for the FIRST PERSON TO USE IT from 1 January 2012 to 31 January 2012.

COUPON CODE:  OEED11B3A7

HERE’S WHAT TO DO

If you want your chance at getting my signals for $41.41/month with an annual membership, the ONLY, the SINGLE, the ONE annual membership I offer at this rate, just cut and paste that coupon code listed above into the coupons section at the bottom of the sign-up page.  Simply click on the Add To Cart button below, choose Annual Membership, fill out the user info and paste that savings-of-a-lifetime coupon code in the Coupons section.  Voila!  That’s it.  So simple.

Now please, seriously, if you want this, if you want truly honest, profitable Forex signals at an unbelievably CHEAP rate, use the code now.  It will not last long!  Ever heard the saying, “You snooze you lose”?

Nothing could be more true.  If you want it, use it!  I’ll see you on the other side!  :)

Nice profit for something that took less than 30 seconds to enter.  :)  Gotta love EOD Forex signals.  They’re easy, low-stress and highly profitable.

EOD Forex Signals

I send out EOD Forex signals about 2 to 3 times a week, depending upon the current market conditions.  If I don’t get an entry that meets my strict Forex system rules, I refuse to send out a signal.  I want you to WIN…and WIN A LOT.

Intraday Forex Signals

I use the 4H charts to generate my intraday Forex signals.  I send out 2 to 3 intraday Forex signals a week with targets between 40 and 200 pips.  Again, if the signal is not SHEER PERFECTION, I won’t send it out.  Only the best of the best for my clients.

Sunday Gap Signals

I haven’t lost one of these yet!  I’ve sent out over 90 Forex gap trades in almost 2 years now and we’ve never lost money on a single trade!  Talk about ACCURATE FOREX SIGNALS.

Three types of trades, three ways to profit.

But you don’t have to worry.  I won’t bombard you with an insane amount of signals so you have to pick and choose which to take, further lessening your chances at profiting.  I won’t send you a steady stream of CRAP signals.  No, I won’t do that.  I send out a RESPONSIBLE number of signals a week.  This gives you the best chance of winning, the best chance for profits.

And, the best chance for KEEPING your profits.

You know, it’s easy profit in this business of Forex trading…NOT SO EASY TO KEEP YOUR PROFITS.

By sending out a responsible number of trades each week, I give you an even higher chance at banking your wins instead of handing them back to the market.  Keep your wins.  Trade with me.

It really IS that simple.

Check out my results page now.  I am SOOOOOOO PROUD of my results.  I work my ass off to make sure I find only the best Forex signals.  I have spent hundreds of hours fine-tuning my Forex systems to be sure they work incredibly well as Forex signals.  You know, sometimes certain Forex trades work better for the professional Forex trader than they do for their signal clients.  Then, no one can seem to ever obtain the same results as the provider.

NOT TRUE HERE.

You can and WILL get the same results that I post on my site.

Now, you can focus on WINNING instead of worrying.  You get obtainable, awesome results here at Simply Signals.

And you know, there’s nothing like winning trade after trade after trade to put a nice, big, juicy smile on your face!

So now I ask, how much have you been smiling lately?

DON’T BELIEVE THE HYPE.

I know as a signal client, all you really want is signals.  You want signals.  You want signals on top of signals on top of more signals.  A barrage of Forex signals does NOT necessarily make you money.  In fact, it most often results in CATASTROPHIC losses.

You see, it’s easy to earn 1%, 2% or 3% equity in any given week.  It’s almost IMPOSSIBLE TO KEEP it if you continue trading.  Signal services that keep sending signal after signal after signal are NOT looking out for your best interest.  They are simply telling you want you want to hear just to get your money.  Unfortunately, you end up learning the hard way.

DON’T BELIEVE THE HYPE.

Holy grail?  There is absolutely NO HOLY GRAIL in Forex trading.  You have to give a little to get a little and that’s just how it works.

It’s true, my Forex gap signals have been 100% accurate in the almost 2 years I’ve been sending them.  But they don’t come out every week and sometimes they can be quite small.  Other times, you’ll get 5 nicely-sized trades in one week that amounts to a huge equity growth.  It’s give and take.  You give up getting signals all day and night for highly, highly accurate trades when they DO come out.

Any signal provider who tells you otherwise if full of shit.  Sorry, but it’s true.

DON’T BELIEVE THE HYPE.

Any Forex signal provider who recommends trading one standard lot per $10,000 is an ass clown and not a REAL-LIFE professional Forex trader, despite what he and his marketing message claim.  It’s like that television commercial we used to have here in the States a long time ago.

“I’m not a doctor but I play one on TV.”

Yeah, I’m gonna listen to YOU!  Give me a freakin’ break.

When your Forex broker recommends you trade one standard lot per $10,000, they do this because they know it’s the best AND fastest way to make your money theirs.  They WANT you to get a margin call.  They PRAY that you get a margin call–AND FAST.  The faster you lose money, the faster you re-fund your account.

DON’T BELIEVE THE HYPE.

Forex profits don’t come overnight.  They just don’t.  REAL equity growth takes time.  It’s like a good wine.  It’s got to age.  It requires some tender care and specific handling.

You cannot become a Forex millionaire overnight.  Slow and steady is the ONLY way you can realistically do it.  Anyone who tells you differently is flat-out lying to your face.  It’s bullshit.

Whether you choose to sign up with me or not, this information is VITAL to your financial success.  Remember this when searching for the perfect Forex signal service for you.

My service is NOT for everyone.  I use huge-honkin’ stop losses to avoid needless losses.  I wait until I have the perfect Forex signal and then send that one.  That means I don’t trade every single day.  Sometimes I don’t trade for a few days in a row, even a week or two in the summer or December.  That also means, however, that you’re not losing money on crap signals I sent out just to be meeting a signal quota.

For some, this is unacceptable.  I understand this and if you are one of those traders (who is still looking to lose all or at least a great deal of your money), then you will want to look elsewhere.

I am frugal.  I am HIGHLY CONSERVATIVE when it comes to risk and money management.  And I will never tell you what you want to hear just to scam a measly subscription fee from you for a month or two before you quit.

That’s ludicrous.

I want my clients happy AND profitable.  And I want to keep you for a long, LONG time!

This is what I call Fishing for Big Game and it is FUN, FUN, FUN when you hook one of those huge runners!

Another great thing about this trade was our swap profits.  Going long on AUD/USD really makes a great carry trade and our AUD/USD trade earned us almost 1/3 of our trade profits in our positive swap.  AWESOME!