Welcome to the Forex-Science.com. Please carefully read the notes on this information page, and ensure you understand how we work, your obligations (especially your alerts, time and money management) and that you have read the risk disclaimers.

 

Our Philosophy of work

 

Forex-Science is dedicated to providing Forex traders with timeous, accurate and profitable trading strategies lowest possible risk exposure. Our service is aimed at skilled and novice traders alike in order to provide the best possible chance of harvesting profits from the daily movements of international currency prices. We aim to provide a service with the highest possible standards of integrity, professionalism and reporting accuracy.

 

Unique service, steady profits

Top service from an experienced fund trader - focusing on the three most important currency pairs - EURUSD, GBPUSD and USDJPY

Follow our proven G7 model trades as trade them in my webinars, reports and email alerts.

Daily reports on the three majors, including chart analysis, trend direction, reversal levels, entry levels and commentary.

I focus on risk minimization and low maximum drawdown

No scalping or huge correlated exposure - consistent, low risk service

I target 80-100 pips per week.

 

Our trading times

I am situated in the European time zone.

My G7 trading takes place between 5AM - 5PM CET. This period covers the most important market session, namely the early London/European market right up to the early New York market, and enables me to capture the key market moves. To find out how this time zone relates to your own time zone, please click here

 

G7 Targets and stop losses

Stop losses are usually not more than 30-50 pips per currency pair.

 

G7 Risk management

I strongly advise that all traders using my service understand and apply sound risk management principles. This includes keeping leverage to a sensible level (we advise no more than 5:1 - 10:1), not trading with money you cannot afford to lose, and ensuring that stop losses are always applied as recommended.

 

My trading model indicates that a maximum drawdown of 500 pips should be allowed for. Although this is very unlikely, it always remains a possibility, and traders should manage their account equity and margin requirements accordingly.

 

If you are not sure about the principles or risk management, contact your broker and ask for more information on the subject.

 

G7 Results and targets

I aim for 50-100 pips per week. This is equivalent to 200-400 pips per month. These profits may come all at once in one trade, or may come in smaller packages, depending on the market conditions. I will often enter the market with one currency pair only, phasing others in after the market has moved one way or the other.

 

When I have met or exceeded my weekly target, I often stop trading until the following week, even if this should occur early in the week. This enables traders to rest and enjoy a break, and protects profits, considering the cyclical nature of the trading model.

 

Once again, please bear in mind that I target 50-100 pips per week, and 200-400 pips per month. When the weekly target is met, I may stop for the week. I am not trying to make more than my target, as my strategy is based on achieving low risk, low drawdown, high Sharpe ratio and a consistent equity curve. These qualities are the key to success in trading any market, and are far more valuable to experienced investors than highly volatile, high return strategies - which often end up "blowing out".

Please read the disclosures on risk at here very carefully.

 

Trading frequency

My objective is to meet my monthly target in as few trades as possible. Why?

 

• Trading is expensive. Each trade you take costs you 2-5 pips in spreads plus sometimes a commission
• Trading is tiring. The more often you trade, the more you have to sit in front of your computer and the more mistakes you will eventually make
• Trading is risky. The more often you trade, the lower your % winners will become and the higher the possibility of losing. Fewer, more selective trades helps to keep the odds in your favour.
• Trading is fun. Keep it that way. Overtrading eventually makes it boring, frustrating and tedious

 

Contacting me

If you have any problems at all, please email me here and we will help you get going as soon as possible!

 

Although I try to comprehensively answer as many questions as possible, sometimes trading focus and the volume of work prohibits immediate reply. Please read through the FAQ page carefully before sending me questions which may already have been answered here.

 

 

Guide to the G7 Email Trade Alerts

 

This guide is to assist traders who have purchased the G7 system from Forex Science and who are receiving my G7 Alerts.

 

I only trade between 5AM and 5PM GMT. Alerts will not be sent outside this time, even though there may be set-ups outside these hours.

 

Sometimes I will send an alert to show a set-up which happened outside our hours for illustrative purposes. This does not mean that traders living in different time zones should not trade the set-ups during their hours - there are many set-ups in the late NY session and Asian sessions. However, you will have to identify the set-ups without our support during those times. Also remember that the best market moves (and the best technical set-ups) generally take place during the European and Early NY session periods, due to the enormous increase in traded volume during those hours.

 

I will try to send an alert for most set-ups on the three pairs during our hours, but I cannot guarantee that each set-up will be sent. Remember, I am not trying to provide a signal service, but rather a teaching service to help members identify set-ups for themselves.

 

Set-ups do not happen every day! If you do not receive an alert on any given day, it is because there hasn't been one, or because I am (rarely) not in the trading office for whatever reason. Do not fret - this does not mean I have gone away!

 

Most of the time, we trade exactly according to the G7 rules, including the weekly directional rules. However, occasionally there are set-ups which meet all the requirements of the 6 rules, but in the wrong direction We will sometimes alert these "counter-trend trades" especially if the currency is near what we believe to be a potential major turning point. It is up the the individual trader to either consider trading the set-up or ignoring it. We advise that each trader sticks to the old rule - "If in doubt - stay out!" There are more than enough trades in the correct weekly direction without having to consider counter-trend trades, but we will send them for information, when there is a good risk/reward situation.

 

Stop losses should always be placed a few pips below the reversal candle which gave the entry signal. The G7 book goes into more detail.

 

Exits can either be set according to the G7 system - double the amount risked on the stop loss - or they can be set according to the trader's own experience. I suggest using either clear targets (2 x stop loss) or using a trailing stop loss (experienced traders only) Also, try to move the stop loss to break-even as soon as possible -perhaps after 30-40 pips profit has been achieved. There are no clear cut methods to know when to take profits, but generally, try to let them run as much as possible. If, for example, we have a 30 pip stop loss and we have set the target at 60 pips, sometimes it may be better to let the profit run further in a very strong move. Once again, if you are not experienced, simply use the 2x stop loss rule.

 

Trading is not easy, but the G7 system will give you a clear edge. Keep practicing and you have every chance of getting it right. The system is designed to minimize losses and to give clear entries and if you apply yourself, there is no reason why you should not succeed!

 

Guide to Live Trading Webinars

 

My live trading webinars take place between 6am and 2pm GMT on Tuesdays and Thursdays. I send out the special webinar invite to my Charter group the day before. During the webinar, you’ll see my live charts and dealing station, see the trades I take, listen to my detailed analysis of the trading plans for the day, ask as many questions as you want, and study my trading systems in live, real-time action. This is not a signal service, but a live trading session.

 

Of course you can choose to take the same trades as me if you want to!

 

After each webinar, I add the recording to the Charter group video library for you to download or watch online whenever you want.

 

 

Other General Information on Trading

 

It is very important that you understand how I work. I want you to be as successful as I am in your own trading, and whether you are a new trader or an experienced campaigner, there are certain rules which must not be broken! We have summarised the 9 key points below for you to consider.

1. Never trade at more than 5:1 - 10:1 leverage. That means for every $10,000 in your account, do not trade more that $50,000 $100,000 (5 - 10 mini lots)

2. Do not move stop losses. Always be prepared to tale a loss, and keep stops to 50 pips or less. At 5:1 leverage, this will keep each stop loss to between 1.5% and 2.5% of your account equity.

3. Follow the system! If you have been stopped a few times in a row, don't be scared to take the next trade. My system allows for several small losses, which wil often be recovered with one winning trade.

4. Understand what you are doing. If you have not purchased and read my E-book detailing the G7 system, then get it here. You should be trying to learn the system for yourself, rather than blindly following my alerts.

5. Be aware of my trading times. Visit here to find out what they are. You need to be able to take trades at any time on the hour during that period. If you cannot do that, you will eventually miss an important trade. Change your lifestyle or stop trading Forex.

6. Read my daily reports very carefully as soon as they come out. They will help you to understand what we are looking at for the day ahead, where the levels are, what the strategy is and what to look for. You can use the reports to plan your trading day, as you will know when to expect action, and when to expect quiet periods. Don't watch the charts all day long. you will burn out eventually. Plan time for rest and recreation.

7. If you want to succeed at trading, treat it very, very seriously. I know people personally who make a full time living from our services. There is no reason you cannot do the same, but be dedicated, enthusiastic and serious about what you are doing. Learn, learn, learn!

8. If you don't understand something, find the answer. Either ask me, your broker or someone who has the answers. Don't make wrong assumptions and don't accept ignorance.

9. The three most important aspects to trading are money management, your own mental fortitude and your system - in that order! Master them all.
 

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