Hi, yesterday members received an updated version of the brochure explaining how you can apply to trade client funds & receive a substantial profit share.
Successful applicants start off trading a $10,000 or $13,000 real money account. Their goal is to make just 6% and they have 12 months in which to do it.
When I first released the document, my daughter tells me I was too strict and most people would be scared to risk applying!
What I was trying to do was sort out those who were ready straight away and not tempt folks who were not.
The main rule is that the drawdown must not exceed 4% of the gross amount of the account.
Once the goal has been achieved the account grows incrementally to $40.000/$52,000 all the way up to a $million plus.
The great thing is you do not need to be aggressive nor chase crazy targets. If you make just 3% in a month on a $1 million account that will give you $10,500 profit share.
So stop daydreaming. If you really want to crack it as a trader and do all the things you dream of, get off your butt & DO IT š
Last month 3 members who did not have a track record that went back more than a few months applied and were accepted as test pilots.
The performance of all of them has been good so far, but more importantly, they all tell me that it is a positive experience.
For the first time in their trading lives they are trading with a professional mindset (member JM has traded since 2010) they are now accountable with clear rules.
Having the discipline of clear rules, knowing that they are being watched (I can see every day in my dashboard what they are up to) is making them treat it like a business and stopping them taking low-risk trades and thinking before they do!
If you are interested or just want to know the rules and apply them to your own account, here is the link to download it: Trade For Clients
Here is a link to a previous article where I explained in more detail the benefits of trading for clients:
Trading Ideas
I showed how looking at the bigger picture it is clear that there is still $USD weakness. The Gbp, Euro & Aud are retesting the highs once more. The Chf and Cad are drifting lower. This time they might “pop” so do NOT be in a rush to swing trade/pick tops and bottoms.
I explained again in the session that I can teach anyone to find decent entries, the art in trading is finding multiple reasons for the stop.
As ever I looked at possible trade setups for M2, Earth & Sky & the M3 system as well as using a “mix n match” approach when I am struggling to find a strong place for the stops.
M3 Shorter timeframes
See theĀ new courseĀ & recent blog posts as to how I do this: I do my analysis on daily and weekly charts first and make a note of the MAJOR areas of support and resistance. Then copy them on to Pierreās Earth and sky template. Then I make a note of the weekly & monthly pivots points and add them to the charts. You will see lots of opportunities line up during the week. The important thing then is to select a bias for the next few days and do NOT take trades if the price is too near a trend line or pivot. Ideally, you want to buy when the price is near a major support and or pivot point line and has the potential to make at least 40 pips. Vice versa for a short.
New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.
We are NOT a ātipping serviceā our aim is to teach you how to trade for yourself.
For more up to the minute, updates do not forget to drop by the forum.
Watch the video for more detailed explanations of this weekās detailed analysis and trade plan.
