Making A Living From Forex

New Forex Service To Review

2009-07-30T12:02:00.000+01:00

From Monday i’m going to review a forex service that i’ve read a lot of good things about. They only trade the gbp/usd and send up to 3 trade signals out per day by email or sms text.

I’ve been receiving the signals this week and they’re clear, straightforward and you can ’set & leave’ them using IG Index. The recorded results seem impressive and they have been recorded accurately whilst i’ve been subscribed so we’ll see how it goes from Monday.

Final Wealthbuilder Update

2009-07-30T09:40:00.003+01:00

Have to admit i stopped trading the Wealthbuilder system over a month ago - due to the results i was getting compared to the Winning Dow Signals trades which i needed to monitor at the same time.

Just wanted to give an update of how they've done for the past couple of months. As you can see the DAX from 8am method has performed really well, whereas the gbp/usd hasnt. The Dax seems to be more stable and less rangy than the currencies and other indices.

Neil the author has introduced a couple of extra rules which may well also add to the profit potential of the system.

JUNE

DAX 30/Germany 30
8:20 SELL +12, 9:15 BUY -15, 9:35 BUY +12, 10:25 SELL -15, 11:25 SELL +12, 13:10 BUY +12
Stop at 24 method from 8am +9 (+88)
All day until 15:30 +18 (+141)

GBP/USD
7:55 SELL -15, 9:15 SELL +18, 10:20 SELL -15, 10:45 BUY -15, 11:20 SELL -15, 11:30 BUY -15, 12:00 SELL -15, 13:35 BUY -15, 13:45 SELL +18
Stop at 24 method from 7am -12 (-39)
Stop at 24 method from 8am -12 (-83)
All day until 15:30 -69 (-177)

JULY

DAX 30/Germany 30
8:15 BUY +12, 11:40 BUY +12, 13:40 SELL +12
Stop at 24 method from 8am +24 (+57)
All day until 15:30 +36 (+102)

GBP/USD
10:05 SELL -15, 13:10 BUY +18
Stop at 24 method from 7am +3 (-63)
Stop at 24 method from 8am +3 (-165)
All day until 15:30 +3 (-244)

Megadroid Update

2009-07-30T09:34:00.002+01:00

Its gone very quiet with my Megadroid on the Alpari UK platform - no trade for nearly 2 weeks. Think i may well be going back to Clickbank for a refund on this one. Its a shame as it seems to work fantastically well when it does work but it doesnt work often enough.

FX Crossover Update

2009-07-30T09:31:00.001+01:00

Another trade on the FX Crossover strategy for the gbp/usd - a loser unfortunately.

28/07/09 100 point loss

New Balance = £2949

SmallER loss for Winning Dow Signals

2009-07-29T21:13:00.000+01:00

Just the 5 pip loss on WDS today so at this rate we should be making a few pips tomorrow!!

Dow Jones

3 trades
1 winner
2 losers
-15 pips = -£75

FTSE
2 trades
2 winners
0 losers
+20 pips = +£100

Gbp/Usd

6 trades
3 winners
3 losers
-15 pips -£75

Eur/Usd
1 trade
1 winner
0 losers
+10 pips +£50

-5 pips today
+375 pips total

Bank +£2850

Today -£25

New Bank +£2825

To register for your FREE months trial with Winning Dow Signals please click here

Nice start continues for Grey Horse Bot

2009-07-29T15:11:00.002+01:00

Little less straightforward today for the Grey Horse Bot system. The 1st 2 races of the day didnt qualify so the bot correctly ignored them. It then managed to get on the 2nd favourite (at the time) Strong Storm in the 2.40 @ Redcar. This race was delayed about 20 minutes so the bot also placed a lay bet in the 2.45 which won.

Now i could have left the lay as it was with the potential of 2 successful lay bets or covered myself by also backing as well as my existing lay bet on Strong Storm in the 2.40. I decided to play safe and back Strong Storm which had gone out in price a bit so i was guaranteed a few pence whereever it finished. As it happend it went off favourite but finished well beaten in 3rd.

Starting bank £265
Result +£5
New bank £270

Click here to download the Grey Horse Bot

Click here for the settings for the bot

Poor run continues for Winning Dow Signals

2009-07-28T22:35:00.002+01:00

Well it didnt get any worse but still another losing day for WDS today - 15 pips in total. Markets are very rangy at the moment with no real trends developing. As a watcher of the blog quiet rightly pointed out this is very likely to be because of the number of traders on holiday.

July/August is usually a difficult time of year to trade the markets but it should improve in September.

In the meantime we'll plough on and hope our results improve for the rest of the week.

Dow Jones
4 trades
3 winners
1 losers
+15 pips = +£75

FTSE
3 trades
1 winners
2 losers
-20 pips = -£100

Gbp/Usd

6 trades
4 winners
2 losers
+10 pips +£50

Eur/Usd
3 trades
1 winner
2 losers
-20 pips -£100

-15 pips today
+370 pips total

Bank +£2925

Today -£75

New Bank +£2850

To register for your FREE months trial with Winning Dow Signals please click here

Early Finish Again For Grey Horse Bot

2009-07-28T14:37:00.000+01:00

Race no.1 for Grey Horse Bot today. Wont be like this everyday obviously, but when there is a losing lay ie the horse wins, the Grey Horse Bot will continue to stake until the profit target is reached for the day.

Starting bank £260
Result +£5
New bank £265

Click here to download the Grey Horse Bot

Click here for the settings for the bot

Poor day for Winning Dow Signals

2009-07-27T23:32:00.001+01:00

Worst single day so far for WDS with my strategy - 70 pips lost today. To be fair the market was all over the place but it quite often is nowadays so we need our systems to be able to cope and still make money.

Can only get better for the rest of the week.

Dow Jones
4 trades
2 winners
2 losers
-10 pips = -£50

FTSE
2 trades
2 losers
-30 pips = -£150

Gbp/Usd

5 trades
3 winners
2 losers
+0 pips £0

Eur/Usd
7 trade
3 winners
4 losers
-30 pips -£150

-70 pips today
+385 pips total

Bank +£3275

Today -£350

New Bank +£2925

To register for your FREE months trial with Winning Dow Signals please click here

Grey Horse Bot

2009-07-27T14:35:00.003+01:00

Done and dusted again in the 1st race today.

Starting bank £255
Result +£5
New bank £260

Click here to download the Grey Horse Bot

Click here for the settings for the bot

Positive end to the week for Winning Dow Signals

2009-07-26T22:52:00.000+01:00

Results for 24/7/09

Small gain of 15 pips today for WDS means I didnt end the week too far down.

Dow Jones
0 trades

FTSE
2 trades
1 winner
1 loser
-5 pips = -£25

Gbp/Usd

6 trades
4 winners
2 losers
+10 pips +£50

Eur/Usd
1 trade
1 winner
0 losers
+10 pips +£50

+15 pips today
+455 pips total

Bank +£3200

Today +£75

New Bank +£3275

To register for your FREE months trial with Winning Dow Signals please click here

Grey Horse Bot

2009-07-26T17:36:00.001+01:00

Done and dusted in the 1st race today.

Starting bank £250
Result +£5
New bank £255

Click here to download the Grey Horse Bot

Click here for the settings for the bot

Grey Horse Bot

2009-07-26T15:27:00.001+01:00

Came across this somewhere else and thought it was something you might be interested in. The Grey Horse Bot is one of the leading betting 'bots' on the market and another blogger is using to make a steady £50 a day.

Basically once you've downloaded the bot and input the settings you just need to switch it on every morning and let it do its stuff. This other user was up nearly £600 after 12 days - i've only started with small stakes but its doing very well. I'll start recording the results from tomorrow.

Click here to download the Grey Horse Bot

PLEASE NOTE THE STAKE IN THESE ORIGINAL SETTINGS IS HALF OF THE TARGET OF £50 (INCLUDING BETFAIR COMMISSION) WHICH MEANS THAT IT WILL TAKE A MINIMUM OF 2 RACES TO ACHIEVE THE TARGET. THE AUTHOR & MYSELF ARE NOW AIMING FOR THE FULL TARGET IN MINIMUM OF 1 RACE SO 'STAKE' WILL BE £50 (IN HIS CASE) OR £5 IN MINE.

FX Crossover Update

2009-07-24T17:35:00.000+01:00

2 further trades on the FX Crossover strategy for the gbp/usd - both losers unfortunately. 2 winners using the usd/cad though. Back-testing the usd/cad over 18 months has produced some really good results which i'll put up asap.

22/07/09 100 point loss

23/7/09 100 point loss

New Balance = £3049

To purchase the FX Crossover system please click here

Update on the FX Crossover

2009-07-24T16:56:00.000+01:00

Just wanted to give you a quick update on the Crossover system on the gbp/usd. Since we last updated this part of the blog there have been 9 trades generated - 6 winners 3 losers.

4th Trade entered on 22nd June @ £1 per pip

4th Trade closed on 23rd June = £100 pip profit

5th Trade entered on 23rd June @ £1 per pip

5th Trade closed on 24th June = £100 pip profit

6th Trade entered on 25th June @ £1 per pip

6th Trade closed on 26th June = £100 pip loss

7th Trade entered on 26th June @ £1 per pip

7th Trade closed on 30th June = £100 pip profit

8th Trade entered on 30th June @ £1 per pip

8th Trade closed on 9th July = £100 pip profit

9th Trade entered on 12th July @ £1 per pip

9th Trade closed on 13th July = £100 pip loss

10th Trade entered on 13th July @ £1 per pip

10th Trade closed on 15th July = £100 pip profit

9th Trade entered on 16th July @ £1 per pip

9th Trade closed on 17th July = £100 pip loss

New Balance = £3249

So from a starting bank of £2500 its grown about 30% in 5 weeks on just the gbp/usd. This is from a system which is straightforward, has clear entry and (more importantly for me) exit points & can be ’set & left’. Pretty impressive so far.

Better for Winning Dow Signals

2009-07-24T10:05:00.001+01:00

Results for 23/7/09

Better for Winning Dow Signals with 40 pips today. Hopefully a good day tomorrow will have it ahead for the week.

Dow Jones
1 trade
1 winner
+10 pips = +£50

FTSE
3 trades
2 winners
1 loser
+5 pips = +£25

Gbp/Usd

2 trades
2 winners
+20 pips +£100

Eur/Usd
9 trades
6 winners
3 losers
+15 pips +£75

+40 pips today
+440 pips total

Bank +£3000

Today +£200

New Bank +£3200

To register for your FREE months trial with Winning Dow Signals please click here

My Goal

2009-07-24T10:04:00.009+01:00

This site will provide independent reviews of the best Forex,Index, Stock, Commodity and Sports trading strategies and services on the market,so you can decide which of these may provide you with an additional income or even sole income to allow you to work from home.

I intially started the site to record my attempt to find income streams so that I could give up my job and trade full time-i am some way towards that thanks to some of these services.

We intend to review Winning Dow Signals,LS Trader,FX Crossover, 4abettertomorrow, Smarter Gambler, Forex Trades Live & many others.

Some of the links from my site to the recommended services will be affiliate links and some wont - but i wont be linking to any service or system provider that hasnt been successful during the trial. I will provide you with accurate results from all the services reviewed so you can choose to link through to them from here or not as the case may be. Any affiliate fees will go towards the time costs of running the site.

If you've got any queries about any aspect of what i'm doing or about any of the services please let me know.

Review of Winning Dow Signals
Review of Grey Horse Bot
Review of TUFXP
Review of LS Trader
Review of Smarter Gambler
Review of 4 a better tomorrow
Review of Forex Trades Live
Review FX Crossover
Review Gold Trading Signal

2009-07-24T10:03:00.001+01:00

If you need to contact me about any of the services/strategies that i've been using or any other aspect of what i've been doing then please email me at:
paul15563@hotmail.com

Website Design

2009-07-24T10:02:00.001+01:00

As well as researching and trading the financial and sports markets we also run a small website design company. Prices start from £97 and further details can be found @
www.websitedesignlab.co.uk