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Profits Prophets Limited ('Profits Prophets') trades as a principal on the financial markets. The trading is principally of currencies. Profits Prophets also occasionally trades in other financial markets. Profits Prophets achieves excellent trading results because of the commitment of its analysts to ongoing research and analysis from numerous sources. Profits Prophets is prepared to make available details of its trading in real time to a restricted number of members. Profits Prophets reserves the right to refuse applications from prospective members. Because immediate information is vital in fast moving markets, Profits Prophets transmits full details of its trading in real time by text message to all members' mobile telephones and via e-mail. Members are notified immediately Profits Prophets opens every trade, including Profits Prophets' stop loss and profit targets. We trade principally while the European and the USA markets are open. We trade currency pairs, the major stock market indices, and occasional equities and commodities. When available we trade CFDs (contracts for difference) which enable us to obtain leverage, and we also do not incur stamp duty charges. We determine our trades, and their timing, by a number of factors, including the weighting we attach to, for example, economic, geopolitical and other news, market psychology, technical 'chart' influences including support / resistance levels, momentum, overbought / oversold indicators, option expiry dates etc. We cannot of course influence the financial markets, but only interpret them. We seek trading opportunities which in our judgment offer attractive risk / reward ratios. We may not trade for two or three consecutive days. On rare occasions we trade several times in one day. We average approximately five new trades per week. Most of our trades are open for a trading day or two. All opening trades include our stop loss. We monitor our stops constantly, to tighten them when appropriate to 'lock in' profits. We notify members immediately of every stop loss and profit stop move. Position sizing is an important component of successful trading. For trades when we increase our stake, our notice includes, for example: '2 x stake', which indicates that we have doubled our standard stake for that trade. Our maximum stake on any individual trade is five times our standard stake, when our notice will include the text: '5 x stake'. For the ease of calculation of our international members in their respective base currencies we quote our profits and losses in points (or 'pips'). When we trade at a multiple of our standard stake, that trade's profit or loss is similarly multiplied. Some of our opening trades are 'stop orders to buy/sell' at our required opening price, which are orders we leave with the broker to open automatically when our opening price is reached (if we had not cancelled the order). Unless our notices state otherwise, all our orders are 'good till cancelled'. When a market movement becomes a long term trend we endeavour to enter and exit that trend on several occasions, taking frequent profits. Two examples include the prolonged Dow Jones 'bear' market of 2002 and the decline of the US Dollar in 2004, both of which were extremely profitable. Examples of the wording of our notices are as follows:
Profits Prophets 27/06/07A. To open we buy (2 x
stake) GBP/USD at 1.9950. Our stop at 1.9890. Our target open. Profits Prophets 28/06/07B. Re 27/06/07A (we buy (2 x stake) GBP/USD at 1.9950). We move our stop to 1.2010 to lock in 120 points profit As can be seen, the above notices were sent to our members on 27th and 28th June 2007 respectively. The 'A' indicates that the notice was the first of that day. The 'B' indicates that the notice is the second of that day. Different brokers, market makers, and spread betting companies can offer different instruments, and different spreads. It is not uncommon to have accounts with more than one broker / market maker / spread-betting company. Furthermore, as services are improved, the 'best' company today may not be the 'best' company tomorrow. We trade via futures brokers who charge us commission. If we were to trade via an intermediary such as a spread betting company we would adjust our entry and closing prices, and our stops, to take into account their added spreads. On the page 'Which broker?' of our web site we refer to a regulated broker who offers prices for a wide range of market instruments, an electronic trading platform, and helpful personnel in the dealing room. By mentioning a company we are not making a recommendation - our service is for information purposes only. We offer one month's Trial Membership for a fee of GBP100 (one hundred pounds Sterling) or its equivalent in US Dollars or Euros. Only one period of Trial Membership is available per person. For Trial Membership, please go to the 'Trial Membership' page from where you will be taken to the PayPal site. We have arranged for membership fees to be paid by debit or credit card via PayPal which is internationally recognised as safe and secure for payment transmissions. It is not necessary for you to be a member of PayPal. To complete your application you will be invited to select monthly, quarterly or annual membership following your trial month. Should you wish at any time to cancel future membership fees, you may do so directly with PayPal, or by e-mailing us when we will arrange for all future fee payments to be cancelled immediately. As soon as we receive confirmation of receipt of your fee via our collection agency, ALMA Consultancy, we will advise you by e-mail, and commence sending you our financial markets real-time information notices.
Further
information is available at
help@profitsprophets.com We emphasise that we do not supply advice. |