Q & A
Who is the trader?
The trader is a professional trader who works full time in a trading company but part of him agreeing to trade for us is that he remains anonymous and that he has no dealings with the group apart from dealing with me directly.
Those who cannot respect and accept this should refrain from joining us as it is what it is.
Is there a risk of loss
There is always a risk of loss BUT with that said, there is strength in numbers and that is what makes this opportunity so appealing.
Normally, for a trader of this caliber to trade for you, you would have to have at least 100K invested but because we are essentially pooling our funds for trading purposes while still having separate personal accounts it means that the trader has a lot of money to trade with.
This diminishes your risk of loss substantially and another point to note is that if he ever were to start to lose consistently ( which he has never done to my knowledge ), your account will gradually decrease rather than being a situation where you would lose all your money instantly and so if this were to ever happen you could always withdraw your funds and take a partial loss as any loss would be gradual over time.
How does this whole trading setup work.
You open a personal trading account with Tradersway.
You fund this account with whatever money you want to deposit and only you has access to these funds.
You fill out, sign and return a document which basically tells the broker that you want your personal account to be linked to the PAMM ( basically an account where the funds are pooled for trading purposes.
The trader has access to these funds and he trades accordingly.
Your job is over and there is no need for you to download a terminal, keep your computer on, monitor trades.....nothing like that.
As the trader closes a trade in profit the profits are redistributed back to each individual account and you see your account increase by this respective profit.
If the broker closes a trade with a loss the reverse is true and this reflects in your account as a decrease in your total.
At the end of every month the total profit is calculated and the broker removes the management fee of 50% and sends it to the traders account.
The remaining 50% of profits remain in each persons account and each person then has the opportunity to withdraw or leave the funds in.
If they withdraw the broker will process the withdrawal and you get paid via the method you deposit up to the amount you initially deposited and thereafter you can select the method of withdrawal that you would like.
If you choose to leave your funds in your account then the next month your profits will be calculated on this new account balance and you can potentially make even more profit seeing that your account balance ( and thus your overall share in the "money pool" is larger )
What broker will we use and can they be trusted.
The broker that will be used is Tradersway.
The trader has been using this broker successfully for quite some time and he is very happy with them.
He reports that their customer service/support is 1st class, their spreads are good, there is no "funny business" experienced while opening and closing trades and they have paid withdrawals without fail.
He also consulted two senior traders who also trade with TW and they indicated that they both trade million dollar accounts with TW and for several years now they have never had any issues at all with TW so that is good enough for us.
I don't know how to trade or set anything up..will it be difficult?
You don't need to trade and you will not have to even follow the trades, just simply log into your account whenever you want to see your account balance.
Opening an account takes 2 minutes and I will supply you with a step by step guide which will ensure that getting set up and linked to the PAMM is a breeze.
What are the methods of deposit and withdrawal from the broker
See the link below for the methods of deposit and withdrawal, you are free to use any of them.
Can I compound?
By compounding this would mean rather than withdrawing your profits you simply leave it in for another month.
What this does is that it increases your share in the pooled funds that the trader uses to trade so by extension you gain a greater share of the profits because you have a greater investment.
You can "let your profits ride" as long as you like to achieve your desired monthly income.
Additional to this, the more overall funds the trading pool has, the more trades the trader could take, the bigger lot sizes he could use, the safer his trades could be as he could ride out minor retracements and all of this equates to even bigger profits.
Can I deposit multiple times?
Initially you will make a deposit and then your personal account can only be linked to the PAMM ( pooled trading account ) on weekends when the markets are closed.
Once your account is linked to the PAMM then any deposits made after that will be instant and will go directly into the trading pool to start earning.
How often can I withdraw?
So as to not screw up all the trades and the equity etc of the trading account, you will be allowed to withdraw once a month.
When is the 50% Management fee deducted from my account?
On the last day of every month, the profits for that moth is calculated and the broker withdraws the management fee at that time and this will be reflected in each persons personal account balance.
Can I have more than one personal account?
Yes you can but each of these accounts will then have to be linked to the PAMM in the same way as you did your first account initially.
Can I set up an account for my spouse or family member?
Yes you can but they will need to be over 18 and also be able to provide proof of their address and identity.
Can I share this with others?
Because each of us will now have our own personal accounts and all the deposits and withdrawals are taken care of by the broker, there is no burden on myself or anyone else to manage all of this and as such there will now be no limit to the number of people we get involved in this.
This is still a private group opened to only us and people we share this with but the more people we get involved the bigger our trading pool becomes and the safer and more profitable the trading becomes so share with as many people as you want to.
What are the plans for this group?
Personally my goal is to ensure that this PAMM reaches $1,000,000.00
At this level the trader essentially has so much flexibility and leverage that as long as he sticks to proper money management and trade management, we will have a consistent stream of monthly income indefinitely.
From this simple group I plan to create many millionaires :)
I know a little bit about trading, can you discuss what concepts/strategies the trader uses?
Of course the trader will never go into great detail about his system for trading but in doing my DD he was kind enough to explain some of what he does.
It was refreshing to see that his trading system does not revolve around some flimsy push button system nor does it involve any indicators what are usually all lagging.
Rather he uses pure price action and has indicated that he uses all of the following in his trading:
--Support and Resistance
-- Trend Line analysis
-- Candlestick patterns
--Price action/chart pattern recognition
He then indicated one of the key things that sets him apart is that once he has identified a potential trade from above, he then uses a set of manual pivot points that are mathematically calculated to give him precise entry and exit points.
When do we get started?
I wanted to give you guys enough time to see for yourself that this trader is profitable. While a couple of weeks is not that long, I have been monitoring him for 3 months and I am going on the trusted word of other traders who have monitored him for over a year now.
If you are not prepared to take a calculated risk then stay out of this but then I can't imagine what you would be looking for online as this to me is a golden opportunity that MUST be seized.
We will continue to monitor until Friday 23rd September at which point I will issue instructions to everyone as to how and when to open your private account and also instructions on making your deposit and linking your account to the PAMM.
If you act in a timely manner, your private account would be funded and linked to the PAMM and ready for trading on October 3rd.
Those who have some delay in funding etc can get in as soon as they can and but your accounts can only be linked to the PAMM on a weekend so please remember that.
What is the minimum investment?
I want the minimum investment to be at least $500 and will ask that you put in as much as you can reasonable afford to risk as I want to push the total collective balance up to at least 200K to begin with as that will give us a nice start .
For this I need everyone to deposit at least what they had pledged to invest and even more if possible.
What amount is needed to have the trader start trading for us?
I have indicated to him that I will raise at least 100K collectively for him to trade with but in reality I am aiming for 200K as our initial goal and like I said, I want to have this account up to 1,000,000 within 4-6 months.
After that, none of you will ever have to look back.