ftse 100 trading.com

Hi all,

I tried the FTSE100trading.com for a month earlier this year. It is a genuine Skype-based forum where "David" shows you his market calls, mostly based on Fibonacci & trend channels. It is generally very short term and with tight stops that result in a lot of breakeven trades.

He says he is based near Bangkok so, Scoptions, why do you think France?

And Adalat, how do you make the connection between him and "Craig" at MMMS?

He also claims the FTSE100trading.com site has been going since Nov 2007 so how does that fit in with all the other comments about sites & location etc.?

Hope that helps to shed some more light

I thought France because of his utube profile and in one of his videos, he quoted 'I was cutting the grass and my wife came running out and told me that I had dealt' The only grass in Bankok is at Hotels or the Ambassadors House!!

So you made no money?

Hi Scoptions,

Yes, made small money, he appears to average about 10 FTSE points per week profit. The actual trade outcomes vary as different weightings are applied to each trade depending on the size of the initial stop, e.g. this is 100% trade, 50% etc; the 100% being your personal unit size but it was coming out at about 10pts/wk on 100% equivalent size.

You really need to be with a spread betting platform that has 1pt spread as stops used are extremely tight once a position goes into profit - typically, once a 1pt profit is achieved (2pts gross, 1pt after the 1pt spread) the stop is set at breakeven & trade is left to run for 10-12pts or stopped out breakeven. Harsh, lots of breakevens, but works well enough to be fair.

Overall, just wasn't my style and most of the forum users (including "David" himself) indulge in many extra personal plays from the 'official' system ones, and these extras generally lost money consistently and/or took huge risks. I just wanted away from the temptation and I can do what the system does without paying £100 per month!

Hello Bacchus85,

Re..Quote...

"And Adalat, how do you make the connection between him and "Craig" at MMMS?

I spread trade the FTSE. I am not an expert so i am always on the lookout for stuff relating to it, with a view to learning something from it...

Craig's original site MMMS, caught my attention at that time. It was interesting. So i started following its progress for a a few months. The figures looked good. If i remember correctly he had an offer of a one off fee of £50 for lifetime trade signals/ one trade daily. The only reason i didn't take it on was the 40 or 50 stop loss level.

I still kept a check on the profit loss figures on the site regularly. A few months later i noticed that on his site the £50 pound offer had been withdrawn, and replaced with a monthly subscription ( i can't remember how much exactly.. but about £40/50 monthly) he must have had a substantial following to change to a monthly subscription.
When i hit the subscribe button to just check, the link would take me to his new site..which was ftse100trading.. on there were all the profit loss figures and a better looking site than the one page original site..

I use to regularly check his new site and the old one. Thats how I strongly remember the link between the two. It was a few months down the line that on the original site he put up the notice that the system was unprofitable. the whole site vanished and also the blogs from the other blog sites he used to use.

I am not out to promote anybody or run down anybody.. just what i can remember about this guy.

Hope this helps.

Hi adalat,

Thanks for coming back on that, I was curious about the connection.

Like you I have no particular axe to grind, my experience with FTSE100trading.com cost me nothing in net terms and just watching "David" and the other traders on the forum (seemed to be 30-40 online most days though many didn't chat) was educational in itself.

I signed up out of: 1) curiousity to see if the performance was genuine - I figured it was a cheap deal if true; and 2) because I wanted to see how he worked using the really tight stops claimed. Overall neither claim held up 100% but neither is an outright lie either. My opinion is that it's OK if you can operate that way and should make some profits over time if you are very disciplined, just not quite the riches that the quoted performance somehow implied (at least to me, anyway!).

Can you share your experience with them ?

I've been trading the ftse 100 for 2 years and I've been subscribed to ftse100trading for over 6 months. This is a skype based system where David posts his trades and the reasons for them in advance. The trades can be at very short notice, so you need to be able to monitor it quite closely. I do this full time and his advice and technical analysis has been useful to me.
It can take a bit of time to get get comfortable with his trading style, but there is no doubt that it works over time.
You won't be able to achieve his performance because you won't get every system trade that he calls, but when he's achieving over 1000% a year, who cares !

DG

From Ftse Man...Recieved email from him yesterday..if this helps any one so be it

Today's ideal target was to reverse long at 5396-5400 and exit at 5413 I did that twice slightly different prices. Many people got burnt today....but none of my members fortunately. I can hopefully stop you losing money. If you joined in the first year and a half of when I started up then 2000% profit was there to be had. I am now much more cautious then before. Although I am still making the same percentage on the original starting pot but the amount used per point is now up to £50 per point ( usually £25) instead of £5 which soon moved up to £10 in year one. I have one member that just uses £1 per point whilst learning with me. He is happy if he makes £100 a month and free learning instead of the constant losing he had before. I hope that explains things for you.

Regards,

David