FAQ

To use this service you really need to know at least the basics of how to trade FOREX and should fully understand the risks involved in trading.

You see, to get the best out of the alerts, you need some decision making experience. I would suggest you bookmark the site and come back when you have a little more experience.

Right now we don't offer training, but we would like to in the future.

No. We are not registered with the FSA. Neither are we registered with similar bodies in other countries.

It is important that you understand that this site publishes our traders views and opinions of where a series of trades may go, and that you are taking a personal decision if you decide to also place the same trades.

If you do not agree to the service being offered, please do not subscribe to our website.

Yes. The prices in the report are applicable for the whole week and can be hit at any time during the week. Often the Eurozone on Monday mornings presents opportunities especially for the EUR/USD and GBP/USD pairs.

The Forex signal system is based around four major pairs and their volatility. Here, we refer to the following currency pairs and the ones most traded each week by institutional traders.

* EUR/USD (Euro against US Dollar)
* GBP/USD (British Pound or Cable against US Dollar)
* USD/CHF (US Dollar against Swiss Frank)
* USD/JPY (US Dollar against Japanese Yen)

The system is mechanical in nature and does not involve day trading or scalping as envisaged. Trades are carefully planned to take advantage of price movements at the beginning of each trading week.

Stop losses can be used in the system and are encouraged. We have found a stop loss of 50 pips is effective however please make sure your risk is in line with your money management and adjust accordingly.

The best time is between 7am and 10am (UK) on a Monday. This is commonly referred to as the Euro zone and will often move the EUR/USD and GBP/USD pairs for us.

Assuming you are Spread Trading and live in the UK, you are exempt from paying tax. However please do make sure of the tax situation in your country and don't assume that the law is the same as the UK.

The signals are very accurate and have a high strike rate. The levels given are hit virtually every week and if not, are only a few pips short of the mark. This is what makes the system so profitable as you can use the levels provided as your Buy and Sell profit levels.

Your trial period will last for as long as you remain an active member. It is not a prepayment of 2 weeks. Therefore if you cancel your subscription for example in the first week you will not receive the report of the second week as your membership will have expired upon cancellation. You should retain membership until both reports have been published, then cancel if you wish.

We’ll be sorry to see you go but cancelling takes only a minute. Log in and click on the Unsubscribe link down on the left hand side bar and then on the Unsubscribe button which will take you to Paypal. (Alternatively you can log in directly to your Paypal account. )
Log in to your PayPal account and take the following steps…
1/ Log in to your PayPal account
2/ Click on the “History” subtab of the “My Account” tab.
3/ Click on the “Subscriptions” link in blue above transactions
A list of all your subscriptions will appear.
4/ Choose the particular subscription you want to cancel and click on its “Details” link. (Remember Payments are made to James Sylvian).
5/ You will be taken to a Transaction Details page from which you may cancel your subscription.
Cancelling your subscription will immediately stop all future scheduled payments for that subscription and your membership access will expire immediately.

I do not consider 7 pips short of any one level a hit. It has to hit the mark before it is considered a hit.

We don't have a forum at this time. The system is really meant for people who already know how to to trade Forex. it's not the right service for beginners. We found from an earlier forum experiment that it is very underused as our members generally are reasonably experienced traders, so dont have much use for a forum.

We have found that a 50 pip stop loss is effective however please remember to adjust this to your own trading risk and money management.

The Profit level is the contrarian price level as per the Sunday report.

You can of course choose to place a lower profit target either in terms of a fixed number of pips or as a % of the original profit level published. It is entirely up to you.

'I initially use the charts after the new session opens to verify what has/hasn't been hit. This will be set to one hour and I'd be looking for any new trade opportunities.

After that and if I'm monitoring a pair's movement, I'll just use the 5 minute or even 15 minute chart to see how the market is generally, i.e. volatile/indecisive/trading sideways, etc.

The charts give me an instant visual picture but I don't practice technical analysis with any trade either before or after I enter. I rely solely on my weekly level calculations for entry and exits.

Having said that, I'll occasionally spot a certain candlestick formation that may alert me to a possible move up or down but I don't consciously go looking for them during my trading activities.'