Trade Room

4xworks Trade Room

The 4xworks trade room offers clients to copy Richard and Rays trades. Kind of an EA except that YOU are in complete control. Typically, Ray and I average 5 to 15% a month. However, please understand that this is always subject to change as market conditions are constantly changing. We do offer a two week free trial with no obligation to commit. If you wish to join us for a two week trial, please contact me at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Trade Room Guidelines

Please read if you are considering joining us.

  1. The trade room is based off of what Ray and I are doing. There is some mentoring but this is mostly a program in which we offer the chance to shadow our personal trades. If you wish to understand exactly how and why we are making our trade decisions, there is a chance that we may offer that information in future webinars. If you wish to follow our decisions and enter a trade, please do so at your own risk.
     
  2. We trade the GBP/USD primarily but we also trade the EUR/USD when the GBP/USD isn't trending.
     
  3. 15 to 30 pips on average is our target point. If we see a trend possibly breaking down, we may choose to abort and settle for less. However, we typically strive to make sure our potential gain is larger than our potential loss.
     
  4. Stop losses are placed according to each trade. Every trade is different so there will be no set amount. We will announce where stops and take profit orders should be placed appropriately at the time we see a high probability occurring.
     
  5. Trading forex is one of the riskiest forms of investment and clients must take into account that even highly experienced traders can lose. Forex is not a get rich quick program or holy grail. If you are emotionally attached to your money or your investment portfolio, please consider that this program may not be suitable for you. Our trading stats are typically 70 to 80% accurate but nothing is promised as markets are constantly changing. Please consider the risks and possibly consult your broker before trading with us. 4xworks nor it's employees will not be held responsible for lost trades or capital loss.
     
  6. Please consider using a practice or "demo" account as long as possible so that you can personally see and experience the pit falls and successes of this program. There is no need to hurry, the markets will always be waiting to trade another day.
     
  7. Please consider keeping your risk as low as possible. Emotions run high when live trades (real money) are executed. Trading with too much risk causes unwanted stress, and stress is the leading cause of capital loss. Take your time and avoid greed at all costs.

What to expect in the trade room.

  1. When Ray and I identify a trade, we typically announce to clients in the web room that we are "getting ready" for a possible entry. Now, please understand that this does not mean we are telling you to enter. We are not giving advice. It is entirely your choice to enter the same trade/trades that we are executing. We will not take responsibility for losses so please understand the risks involved.
  2. Once a position is taken, we will post on the screen in text, our Entry, Take profit, and Stop loss orders.
  3. Typically, we like to dollar cost average our position a second time and rarely, a third. For those who do not understand the meaning of dollar cost averaging, it simply means that we enter again as a trade moves against us. For example: Let's say we see a "buy" entry with the GBP/USD at the price, 1.54956. If the price moves against us 15 or more pips, we may buy again with a more aggressive position. We will explain our entries in detail within the room as it occurs. We highly suggest that you use a demo account for at least a week (a month is best) so that you can feel confident in our strategy.

Frequently asked questions.

  1. Why trade only one currency pair? In our experience, trading more than one currency pair does not mean diversification, only more risk. Also, looking at multiple pairs does not increase chances for success, only confusion. It's like watching 2 or more movies at the same time. Chances are, your going to miss something. 50 to 100 pips a week is all it takes to grow an account and that can be done with one pair only.
  2. Why not explain what you are doing?  We do mentor some but we don't get too extensive as we don't want to be distracted.  Trading takes concentration. It can be stressful and overwhelming. If either of us are stressed in the trade room we will lose. We want to provide the best service possible and to do so we need to keep things as simple and stress free as we can. It's hard enough trading on our own, so the less things we have to converse over or questions we have to answer, the better set-ups and trade executions we will have to give.
  3. Do you trade the news? No! We are not news traders and we never have been.
  4. Can we ask questions during the session?  Yes, but understand that is our main priority to maintain focus on the traide at hand.  We will answer questions as best we can, when we can.
  5. How are you making your trade decisions? The strategies we are using are based off of the educational material made available to all 4xworks subscribers. We trade the trends, watch for reversals, and occasionally look for break outs.
  6. How do I enter the trade room? You will receive an invitation by email with the heading which contains an invitation and the information you will need to join the web room.
  7. What days and times do we trade? We trade Monday through Friday at 8:00 a.m. to 11:00 a.m. eastern time. There will be times when we will exceed our time limit due to unclosed trades or textbook market activity. There will be days on occasion when we will be closed such as holidays or sick days (rare).
  8. How much will this service cost? A free two week trial is offered for each client. Once the free trial is over a monthly fee of $150 will be required to enter the room. There will be no contracts or sign up fees and it will be a pay as you go basis (month to month).

Simple trade room rules.

No brainer....

  1. No slandering
  2. No swearing
  3. No arguing
  4. Use of our service for plagiarism is not allowed!

Failure to comply with these rules may result in permanent membership termination.

May success find you!

Richard and Ray....

 

For those who wish to trade completely on their own and wish to understand the methodology that we are using in the trade room, you can find purchase it by clicking on the following link.

4Xworks PRO

 

 

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