Frequently Asked Questions |
What is Profits Prophets?
Profits Prophets comprises a highly focused team. In addition to the directors,
we have specialist Index analysts, specialist Currency analysts, and back-up staff,
plus external sources.
How long have you been in business?
The principals of Profits Prophets have been trading the financial
markets for many years.
Several years ago it was decided that
a real time information service detailing our trading be made
available to a limited number of members.
Your trading record looks very good. Is it genuine?
Yes. While there have of course been individual losing trades from time to time,
our overall performance has been consistently profitable.
Do all of Profits Prophets' members receive exactly the same information?
Yes. All members without exception are sent identical information, sent to all
members at the same time. 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.
If your real time information service is so good, why are you not keeping
it to yourselves?
The financial markets in which we specialise are so huge that a limited number
of members receiving our real time information service will make no difference
to our trading.
How often do you up-date the 'Our Latest Trades' page of your website?
Our technical agency up-dates the 'Our Latest Trades' page approximately
every quarter.
What systems do you use?
We do not use any 'systems'. We do not believe that any 'system' can achieve consistently
profitable results in the markets in which we specialise.
Do you use fundamental or technical analysis?
Our trading is based on research and analysis of numerous constantly changing
economic, political, fundamental and technical factors.
Which Indices and Currencies do you trade?
We trade according to our market analysis at the time, but concentrate on those
markets which are most liquid. As our analysts predict likely market trends, we
focus on those Indices and Currencies where the optimum profits are expected.
How many trades do you make each week?
We average approximately five new opening trades per week, depending
on the prevailing market conditions.
At what time of day do you make your trades?
Almost all of our trading is conducted between the hours of 9.30am and 9.30pm
Central European Time, while the US and European markets are open.
Do you notify members of your stop loss levels?
Every new opening trade message includes our stop loss level. When appropriate,
subsequent messages notify any changes to our stop loss level, to protect profit.
Do you notify your members when you close your trading positions?
Every new opening trade message includes, or is shortly followed
by, our profit target at which we will close the trade.
Alternatively
we will not define a specified
profit target, preferring instead to move our stop-loss level
(notified
immediately
to members by subsequent messages) to protect more
and more profit.
Do you monitor your open positions?
We monitor our open positions on a minute by minute basis.
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