Has anyone tried FTSE100 club daily signal service?

[FactualVinay]

Hello everyone,

Has anyone tried the daily signal service of The FTSE 100 Club

I have recently signed up for their one month free trial and after 2 weeks, I have mixed feelings. However, the markets have also been very choppy and a small loss might not be a bad result in these choppy conditions. 7 trades taken out of which 4 were loss making and 3 made small profits.

Any feedback on this signaling service or info about another similar signaling service would be deeply appreciated.

Thanks!

V

 

[tomorton]

Hi V. Anyone who knows anything about TA can identify entry points using their own favourite indicator or price pattern, but its what you do with the position after you've seen the signal that makes or breaks your account.

I'd be cautious with real money as most services aggressively promote their entry points but are more reticent on the stop-loss when things don't go to plan. It would be a shame to take a position and then find they had quietly abandoned an hour later without telling you.

But a service is not a sustainable substitute for a strategy. While we might assume these signals are based on TA, how would you rate this service if they declared their signals were based on reading tea leaves or tossing a coin or astrology?

 

[Aspire]

However, the markets have also been very choppy and a small loss might not be a bad result in these choppy conditions.

How can any loss not be a bad result!?!

 

[FactualVinay]

How can any loss not be a bad result!?!

So called senior member: Thanks for your helpful comment.

It is down to perspective. With a responsibility of more than $40mn revenue a month in my day job, I am aware of the impact of external uncontrollable factors and keeping that in mind, everything is relative and contextual.

Anyway, to each one his own. I am honest enough to share my experience and perspective. Not sure about yours (with your clown like smileys!)

 

[FactualVinay]

Hi V. Anyone who knows anything about TA can identify entry points using their own favourite indicator or price pattern, but its what you do with the position after you've seen the signal that makes or breaks your account.

I'd be cautious with real money as most services aggressively promote their entry points but are more reticent on the stop-loss when things don't go to plan. It would be a shame to take a position and then find they had quietly abandoned an hour later without telling you.

But a service is not a sustainable substitute for a strategy. While we might assume these signals are based on TA, how would you rate this service if they declared their signals were based on reading tea leaves or tossing a coin or astrology?

Thanks very much for sharing your helpful perspective. I hear what you are saying. Point taken. Can you please tell me what does TA stand for?

Thanks again!

 

[Aspire]

So called senior member: Thanks for your helpful comment.

It is down to perspective. With a responsibility of more than $40mn revenue a month in my day job, I am aware of the impact of external uncontrollable factors and keeping that in mind, everything is relative and contextual.

Anyway, to each one his own. I am honest enough to share my experience and perspective. Not sure about yours (with your clown like smileys!)

I wasn't trying to take the **** I just found it really funny that anyone could think that a loss isnt't a bad result when trading. sorry about that.

Trading is all about external uncontrollable factors and, although losing trades are inevitable and should be accepted quickly and easily as part of trading, losing money is always a bad result. Always. The context is irrelevant. If you are trying to make money and you lose it that is a bad result. Looking at it from any other perspective is just going to lead to trouble however you justify it.

Seriously, though, if you want to make money trading you must work hard and learn how the markets work and move. A SINGNAL SERVICE WILL NOT MAKE YOU CONSISTENT MONEY OVER THE LONG TERM!! You can take my word for it or you can find out the hard way but think about the fact that this website is full of people struggling to learn to trade and there is not a single watch/ car advert on the site. In fact there isn't a single advert for anything that someone could spend their trading profits on.

It is very possible to make a lot of money trading and you dont need to be a genius to do it but you do have to do it for yourself. Learn some Technical Analysis (But don't fall into the trap of believing trading is a TA competition) and most importantly watch, watch, watch how the markets move, think about what's going on and try to master yourself.

Good luck!

P.s. How can my clown like smilies give any clue to my trading ability, experience, or perspective!?! :clap::cheesy:confused:

 

[tomorton]

TA = as above by Aspire, Technical Analysis

 

[bottomdollar]

Thanks for the link, looks like it's a FREE 30 day trial so why not have a look and papertrade it? I've just signed up and will follow to see if it can work (or not!)

 

[FactualVinay]

I wasn't trying to take the **** I just found it really funny that anyone could think that a loss isnt't a bad result when trading. sorry about that.

Trading is all about external uncontrollable factors and, although losing trades are inevitable and should be accepted quickly and easily as part of trading, losing money is always a bad result. Always. The context is irrelevant. If you are trying to make money and you lose it that is a bad result. Looking at it from any other perspective is just going to lead to trouble however you justify it.

Seriously, though, if you want to make money trading you must work hard and learn how the markets work and move. A SINGNAL SERVICE WILL NOT MAKE YOU CONSISTENT MONEY OVER THE LONG TERM!! You can take my word for it or you can find out the hard way but think about the fact that this website is full of people struggling to learn to trade and there is not a single watch/ car advert on the site. In fact there isn't a single advert for anything that someone could spend their trading profits on.

It is very possible to make a lot of money trading and you dont need to be a genius to do it but you do have to do it for yourself. Learn some Technical Analysis (But don't fall into the trap of believing trading is a TA competition) and most importantly watch, watch, watch how the markets move, think about what's going on and try to master yourself.

Good luck!

P.s. How can my clown like smilies give any clue to my trading ability, experience, or perspective!?! :clap::cheesy:confused:

Thanks for objective views.

I completely agree with you that a trader better have his own strategy etc. However, my problem is that I want to trade indices real time but due to full time nature of my job, I am unable to do so real time. So, I thought of subscribing to a signal service and see if it works. My definition of success is 200+ pips a month with the service. That would nicely top up my end of day trading pot.

Any thoughts on trading indices real time with a full time day job? Previously, I have tried to trade based on pivot points and market profile etc but have had mixed results as it is impossible to pin point entries and more importantly exits without looking at charts and technical indicators.

Cheers,

V

 

[campio]

Ftse club

hi viny and others, i come across this post when searching on google hence the reason why it is my first post. had to register to share my own experience.

i been a member of ftse club since the start of year and to be honest i cant fault it. there customer service is excellent and i had learned a lot along the way from them. they have forex section that this month has netted 400+ pips. i caught 337 of them. the ftse has netted slightly below 300 pips. i get these by text to my mobile phone and caught 258 of them. i think it is a brilliant service and until you have tried it you dont know. i have full time job and when i recieve signal i call my broker and they action my trade. somtime my price is less sometime more.

regards, campio.

 

[naivetrader]

Thanks for that Campio. It's good o listen from someone who have actually tried it.
I'm a bit sceptic about any individual / organisation, who do not share their name & address on the Contact-page.

Would you mind sharing with us how have you done so far, how much it cost (per month) & is it straight forward to cancel at any point of time? Cheers.

 

[virtuos0]

Don't be a sucker!

 

[AHC]

I was sceptical, so asked for the 20 day trial. I got a welcome message, but then nothing. When I queried, I was told that I had cancelled my trial. I had done no such thing, and asked for the trial to be resumed. Three days later, again nothing.

Draw your own conclusions, but I would not touch this outfit with a bargepole.

 

[iancleve]

What I will say about the ftse 100 club is that they are honest. I have been a member for about ten months and can verify that the trades on the past performance page are genuine. Check them out for yourself to see if it's for you. Also the free trial worked well for me. It's probably a good job it didn't for AHC as the trades since december have been poor. It costs £40 a month with ftse alerts to your mobile and forex alerts by email.

 

[neil]

What I will say about the ftse 100 club is that they are honest. I have been a member for about ten months and can verify that the trades on the past performance page are genuine. Check them out for yourself to see if it's for you. Also the free trial worked well for me. It's probably a good job it didn't for AHC as the trades since december have been poor. It costs £40 a month with ftse alerts to your mobile and forex alerts by email.

Another first time poster turns up to net a few dupes, the greed and stupid or just plain naive.
LISTEN to the other posters urging caution. THINK - if you had a golden goose would you flog it to help some poor knob who cannot put in the time to learn the art of trading (Loads of free material here if you can get off your butts and search it out).

There might be one or two people who can teach you how to approach trading but the final result is related to the effort you put in.
Sorry if I am ranting but I hate to see newbies bitten by sharks

I award the FTSE100 club the coveted snakeoil marketeers prize:

 

[iancleve]

Well I'm probably guilty of all three (greedy, naive, stupid) just thought I'd post my experience. And you're right; I am a beginner.

 

[wilczek]

Emmmm - I just read a review of this http://www.systemsfortraders.com/other-signal-service-reviews/51151-ftse-100-club-review-intra.html and was looking for other comments on the web - If its really been going since 2009 then why isnt there any more info when I google "ftse 100 club" ?????? Has anyone genuinely used or using this ???????

 

[barrie1000]

never heard of it either, Mark Austins FTSE has been running the same sought of time and he is reviewed everywhere, so why not this one? They also promoted the Nick Vaughn scam.

Here's Mark's official T2W promo http://thebinarytrader.com/t2w.html

 

[wilczek]

Thanks for that

 

[anley]

How can any loss not be a bad result!?!

Quite easily actually. Using horses as an example.

What if you find a horse where the bookies are quoting 10-1 but you know the correct odds should be 4-1.

Therefore if you place a bet and it loses, it was a beautiful trade to take.

In trading, you might see a trade that has an unbelievable payoff, if it works, with say a probability of 50%. Maybe you risk £100 to make a minimum of £600. Again, that's a beautiful trade to take, even if it loses.

Same in reverse.

You might risk £1000 to make £100 with a 50% chance of being right. According to your logic of all loses are bad trades, this must be a great one to take when it makes money.