Trading With A Day Job Review
Trading With A Day Job, is a system that operates with the US Stock Market Index – better know as the (S & P 500).
The Author of the product claims that by following his “Simple Trading System” you will be able to make approx £1500 per month. The website itself is well presented.
The Author himself offers the following to any who sign up:
- No Need to give up your day job
- Designed for beginners
- Free unlimited support from full time traders.
- Learn at your own pace and in your own time.
- 60 Day money back guarantee
The Author will also allow you to Skype him for a personal chat before you buy from him. The Author himself has been trading professionally for 25 years.
With anything the only true way to find out, is by running a thorough trial. Tomas a long standing a trusted FTS member has been running a trial since the 1st December 2011 and has given me the following feedback.
“I started trading ‘Trading with A Day Job’ since 1st December 2011, it is a system that claims it has not had a losing month for the past 6 years, Now that is a very bold statement, but is it true?
Before I go to results, I will describe it a little. It is a system for the Forex market and works between 17-21 GMT on weekdays – hence the name “Trading with A Day Job”. It is well written and there are lots of examples on what you need to do. A positive thing about this system is that it will give you a step by step of what to do for example it will say ‘if X happens – then bet’! This makes it easy to understand and operate.
In regards to the trial we decided to make it as simple as possible, so we assumed every win is worth 20 pips and every loss is worth -25 pips. In Forex you decide yourself how many pips you want to win, and I can honestly say that I usually win more than 20 pips and lose less than 25.
With Forex there is a difference of opinion on how much you have bet per trade, some claim less than 1% of your bankroll, while others claim 5%+ is ideal. – I would imagine this comes down to personal opinion and what you are comfortable with. My opinion is that if your system wins often, you can use a higher percentage and for this I have decided to go with 4% per trade. (So a starting bankroll of £500 would mean we only risk £20, which equates to £1 per pip)
- So how did we do during out trial period?
Answer: Very good.
- Did we have a losing month?
Answer: No
In the interest of simplicity each month we started with a £500 bank.
- December we made 51% profit of our original starting bank of £500 so we finished on £755 giving us £255 profit
- January we made 24% profit of our original starting bank of £500 so we finished on £621 giving us a £121 profit*
- February we made 35% profit of our original starting bank of £500 so we finished on £670 giving us a £170 profit
- March we made 52% profit of our original starting bank of £500 so we finished on £770 giving us a profit of £270
- April we made 29% profit of our original starting bank of £500 so we finished on £645 giving us a profit of £145.
During May up until the 16th we have made £150 profit to date.
During January’s trading we have * this is due to having to close 1 trade down early due to time constraints.
On average we are having around 15-20 trades per month. There are plenty more if you can be at your computer every night. Any trade can take from 5 minutes to a few hours, mostly they are completed within an hour.
Of course for the trial purpose we have kept our staking as simple as possible and used static bets. We do feel as though long-term compound staking plans could be the best way to go.
Conclusion:
I feel as though this is a great system. Before I started TWADJ, I hardly knew anything about Forex trading. After some paper trading and this trial, “I know trade like a friggin’ pro”. Of course I have made mistakes and got things wrong, but I am at a maximum only risking 4% of my BR. Usually I am winning around 80% of my trades so it is a very safe system.
Some final points which I feel are worth pointing out.
- The system itself was very easy to understand
- I would definitely recommend this service
Notes of Caution:
This is the Forex market we’re talking about. The world’s biggest financial market, so to think you can just dive in and start making lots of money, may not be a totally realistic outlook.
Nick, who wrote the system, recommends you do 60 paper trades. If you are successful on them, you could start your trading. If you aren’t successful, you should do 60 more. If you’re not willing to do the groundwork then this is not for you, the groundwork includes reading 70 pages of information as well as doing some other groundwork. The possibility to make money is vast, but studying for at least 5+ hours minimum will be necessary, otherwise you will not succeed, but is that not true for most gambling and trading.
Following my review to date I would recommend the product as follows: (with 5 being the best, 0 being no good).
Ease of use: 5
Ease to learn: 4
Potential: 5
Worth it’s cost: 5
Good Luck, but luck really isn’t a factor when you know your stuff.
Following Tomas’ thorough review and given the price we are happy to recommend this product.
Should you wish to view or sign up to this product please CLICK HERE:
Should you have any questions then please E-mail me @ Kieranftsincome@gmail.com
Many thanks
Kieran.
