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Tag Archives: managed Forex trading

Making Money While You Sleep.

Making Money While You SleepI had a couple of nice trades this week that i entered a bit late in the day, so i had to set my profit target and go to bed. I don’t normally let trades run overnight, but i do enjoy making money while i sleep.

Its nice to get up and open the charts to see your profit target hit, and a nice chunk of money in your trading account to start the day off.

The last couple of weeks i have been testing out a new broker, so i have been taking a lot of more trades than i would normally take, to see how they perform. I am quite happy with the results so far. The commission on the new broker is almost half of what i am currently paying, and that equates to a lot of money over the course of a month.

I will test them out for another couple of weeks, and then offer my students the option of moving their accounts over to them too. I am in the process of negotiating a deal with the new broker to see if they can offer us some financial incentives if we all move over. The deal i am currently getting is very good, but if they can offer us something more by trading as a group, then that’s a bonus.

I am also in the process of setting up managed Forex trading accounts with this new broker, where i will be able to trade clients money by copying the trades i take through my own trading account, direct to clients trading accounts. More information on my managed Forex trading service can be found here

I have been approached by a number of clients in the past to offer this managed account service, so if the demand is there, then why not. Its not really that much extra work to offer the managed service, so it will not impinge on my current activities too much.

I have a new student starting this week from Canada, so i am looking forward to that. My current guys are doing well, and i have a few more interested parties, so everything is ticking along nicely at the moment. I am hoping to take a holiday sometime in the next couple of months, so i am looking forward to that too.

That’s all for now folks. If you are trading this week, keep your stops nice and tight. Thanks for visiting my blog, and have a great trading week. 🙂