Yes i came on here today because i noticed Toms site was gone, though he did mention a few weeks ago that his site was being rebuilt and trading would now be on whichwaytoday.com. I can see some sceptical posts here regarding Tom Houggard, so i feel i should let you know about my time following Tom.
Now i have followed Tom for some time now, as my aim is to shadow good traders and market commentators to realy make sure im "in the know" at all times, and to here a variety of market views to form my own opinion. For around 5 or 6 months i followed Tom on TraderTom.com and then whichwaytoday.com. There are around 10 people i realy take notice of (regarding the markets) and Tom is one of them.
From my experience, Tom, who used to work for a spread betting company, CMC markets if im not mistaken, has a very good technical understanding of markets, often Tom will let you know a week or two in advance as to the comming trend.
Tom prefers to trade currencies (which i do not), and he has money management skills that are quite frankly "top notch". People may say he misses a lot of trades etc, and misses big moves, but that's what makes him realy good, his money management never wavers, and your either in or out of a trade, break even stops is a favourite of Tom's, but once you trade with Tom for a while, you will start to see the logic of his strict money management.
From my own personal dealings with Tom, i can tell you he is not an internet "guru", and is very down to earth, which funnily enough may well be his biggest achilies heal ATM. You get the feeling that Tom is not 100% internet savy, and he is almost a one man band, where as he could realy use a tight team of maybe 3 people to help him out.
Tom usually trades the euro/us dollar and us/pound in the morning, and the DOW futures in the afternoon (S&P minis), although he may trade other currencies and the FTSE or DAX. Tom may post a swing trade and currency pairs occasionally.
I personally think Tom misses opportunities in other markets due to being a one man band outfit, and i realy hate FOREX myself (not that that ultimately matters). Tom has also not long quit full time work, and is trying to establish himself in the online trading world.
So to sum things up, if you like making money, trading forex, and S&P minis and can follow Toms strict money management, then you will love Tom. I would think Toms appeal would be towards beginner traders and intermediate traders. Beginners could not have a better teacher IMO.
If you dont like paying for a top trader, would like to trade multiple markets, need action at all times, and are looking for a guru to tell you something you want to hear, then Tom may not be for you. Tom also goes off for days or maybe a week to conferences, though im sure this will change for paying customers.
That is my honest opinion of Tom. Personally i have a rule of not paying for services on the internet, as i prefer to form my own opinions and trade accordingly, but i will say that following Tom for free i did make a small gain.
I would encourage people who may be interested in Tom to do some homework and make up your own mind, but i certainly did increase my money management skills 100% watching Tom, and you can't buy that.
