I  receive many questions regarding the PHD Method style of trading.

I've narrowed down the answers to the most popular and in a short a sentence or two as possible

I'd also like to state that I tell it as it is, so if you're looking for some get rich quick scheme or a simple answer to successful trading or some magic then I suggest you carry on looking at the minefield of crap that arrives in the average traders in-box on a daily basis. I still get 10+ per day no matter how hard I try to unsubscribe lol, most of the companies that fire them over are one and the same and most have one thing in common, they're pushing Robot's, EA's and sit back and relax style trading and I can assure you they don't and will never work.

You must learn to trade, you must learn to drive your trade not just steer it. Remember the Dodgems at the fair, they just steer. Drivers check the fuel, Oil, Water, Tyres, Mirrors, Signals, Handbrake and the traffic, trading is no different. Choose to steer a trade and you will burn out eventually, choose to drive it and you will not only prosper but you will prosper for as long as you continue to trade and with ease, confidence and professionalism. Can you name a profession that the professional hasn't had to make great effort, time and commitment in order to succeed! Take a look at your present trading stance if you're failing because trading is a profession and effort is required, not intelligence or mathematical genius, pure effort and determination to succeed.

I'm very proud of the fact that any business I receive is through word of mouth or ruthlessly searching the WWW. I don't spend a penny on advertising or marketing choosing to trade with a booking coming in here and there if someone happens to find me. Take a look at my site, notice anything different to 97% of the trading sites out there? The answer is I offer nothing more than what I actually do, no affiliations, no trading DVD's or Books, no one else's methods etc. Most sites are there to take money from you in one way or another and they're exceptionally good with their marketing skills, me, I have no desire to be. I'm happy to be on about page 10 of Google where no one looks because I know if you discovered me it was through effort or recommendation.

What time-frame does the PHD Method use: I teach you how to use the 15 minute with the hour for confirmation. Once mastered some choose to drop to the 5 minute with the 15 for confirmation. 

Is it suitable for intra-day trading: It is a day trading method, not news related or scalping, day trading.

In what ways can I be shown or obtain the PHD Method: Several choices. You can visit me at my office in Worcestershire, you can be tutored on-line, you can order the PDF version or I can come to you.

Which is the cheapest way of obtaining the PHD Method: You can purchase the PDF version for £295, that's ridiculously cheap for what you get and my after-care service too. The stealth is not included but many already have it, you can purchase the ' cheaper version' directly from stealth or you can manually input the levels.

What is team-viewer: Team-viewer is the medium I use to teach clients unable or not wanting to visit me but still want 1:2:1 tuition. It enables me to dial in to your computer and show you the PHD Method as if you were sitting right next to me. You issue a password and I get access, once the session is finished it is impossible for me to access your computer again unless you give me a new password. Those living outside the UK use this all the time of course and so it has been thoroughly tested and proven to be a superb service to use.

Do I need Skype: If taking an on-line session then yes but full set-up instructions and guidance is given well before the session commences. You don't need a web-cam as all we need it for is to talk.

Do I need 1:2:1 tuition: Great question and only answered by how best you absorb information. Are you better self taught or being shown. Are you particularly inexperienced or have too much trading baggage. Are you new to the trading world and want to get it right from the start and so on. One things for sure you can't beat 1:2:1 personal tuition but only you can decide what will suit you.

Can you only trade the forex markets: You can trade whatever markets you're comfortable with and understand.

What makes your service/method different to others: I tell it as it is and with that in mind there isn't any robot, EA or signal service that is going to make you a trader. You MUST learn to trade or fail. Is there a profession on this planet where the professional hasn't had to work hard and install discipline in order for he/she to be successful! Trading is no different. The scam and worthless/useless systems out there in abundance do traders/services like me as much harm as they do you. With me you get the cold hard truth, then it's up to you. You can carry on throwing money away at a dream or get stuck in. The beauty of trading is intelligence doesn't play a part, discipline and effort do.

Do you provide a check-list: The checklist is your trading bible. The PHD one was developed to be chart based and unavoidable. You can also add to it so if you have annoying poor habits so it's there in front of you as a reminder.

Can you provide anything to help with market awareness: I have trading range and divergence softwarel. It's free to PHD clients.

Do you have set criteria regarding risk: Yes of course, only 1-3% of your account will be at risk at any one time.

What is the average stop-loss, in pips, for a PHD set-up: Between 15- 35 pips.

What is the average target, in pips, aimed for: Minimum 1:2:1 to begin with. If you  risk 25 pips you are taught how to identify a minimum 25 pips as your target.

How long before I go live: When you're good and ready. I have a 3 stage process to get you there and if you adhere to it you'll go live quicker than trying to skip steps.

I only want to trade part time, is that possible: Very, full time, part time or just now and then it doesn't really matter. Not everyone wants to be a full time trader.

Are there better times to trade than others: Yes, when the market is moving or expected to move is the most desirable. I teach you to recognise this.

How long does the training last: Depends on option chosen. 3 hrs is generally enough for most but you can have a longer session. Just enquire and I'll tell you honestly what will be the best for you.

Is there a PDF version: Yes and you receive the same level of after-care service too. My after-care reputation is deserved.

How long after the session is completed does your after-care last: Forever and a day lol. It stops when you don't need me anymore.

What is the minimum sized trading account required: Doesn't really work like that. Some have thousands others a couple of 100. It doesn't matter as it's percentages and growth that count.

Are some trading sessions better than others: Generally the London session is the most reliable and easiest to trade but I have traders on every continent that trade whenever it suits them.

Why do you think so many traders fail: Easy one to answer. Some choose to drive while others choose to just steer. You must become a driver or fail. Also understanding that leading information is King  not lagging information.

Is it a trend following method: It is. I use the term ' earn your stripes first' quite a lot in my training. Until you've earned them and can make money consistently with the trend you haven't earned the right to trade against it.

Do you teach how to trade against the trend: I do to those that have proven successfully trading with it. They've earned their stripes and so I hook up again and teach them for free.

Do successful traders have common traits: Mainly routine, same market{s}, same times, same days, same habits day in day out until it becomes second nature.

Why is your method so successful compared to many others: Because I tell it as it is, no fluff or padding or filler crap. Trading is simply stacking the probability in your favour and piggybacking the main moves as they start. We are the leaders of a move not the followers and have the ability to recognise a move about to happen. The followers piggyback us and for them it's then often too late.

I've had systems before that are useless, how can you convince me yours is not: First of all I'm not affiliated. Also my site promotes nothing other than my PHD method, no DVD's or training books or other services systems. Having no affiliations or ' side sales' should go some way to installing confidence in what I have to offer as the vast majority of forex related sites are out to make a buck one way or the other, I am clearly not. I spend no money on advertising and marketing so if you discover me it is through recommendation or ruthlessly scouring the internet as a rule. My PHD community is small, manageable and I run a friendly service. Stealth are the only other service mentioned on my site, why? because I use a couple of the stealth tools as part of my PHD method.

Are you and Stealth part of the same company: Not in any way, shape or form. I have used the stealth tools as part of my trading for many years and have respect for them and for the company that manage them but I am in no way partnered other than sharing a common interest.

Is there a discount if we already own stealth: Yes as it's included in your PHD package and there's no point having two.

How many of your PHD trained clients go on to be successful traders: About 70% and 7 out of 10 I'm very happy with. Of course I wish it was 100% but that's never realistically going to happen. Some of the reasons why traders fail is that some are just never going to change their habits, or throw out the trading baggage, be willing to start afresh, think there's a holy grail still, think you can just turn up for your trading session and press a few buttons and some people are just not meant to be traders. It's like I mentioned earlier about true traders learn to drive not just steer, some traders can't get past the steering stage and so it's not meant to be.

What attributes do you need to successfully trade: Discipline, patience, resilience, ability to adopt routine and to realise that you're an individual and it's individual performance that counts.

To Be Continued...........

There are scores of indicators available for those that use Metatrader platforms. I encourage my PHD Forex Method traders to become as indicator free as possible but not everyone that visits my site or blog uses the PHD Forex Method of course.

Those of you just browsing or taking an interest in trading and are looking for a Metatrader based indicator then ask me first. No obligation and no charge, just rather you used something that works and is decent and is free rather than fall in to the trap and think you have to pay other companies for them.

I have scores of them and over the years have sorted the awful from the useful.

Many of my clients never knew the importance of understanding at least the range of the market they were trading, how on earth can you even begin to trade if you don't know it's range! To help them understand and appreciate the importance of range knowledge I sourced two exceptional Metatrader based range indicators that virtually do the job for you.

I don't use and don't encourage my PHD clients to use trend lines { S/R should always be a flat precise level}but if you do then your trend lines should be drawn in the same manor each and every time. In my opinion the only way to do that is to automate them as most traders just keep moving the line to fit the trend and that can't be right! So again I sourced a trend line indicator suitable for MT4.

Hugely beneficial to any trader is the understanding of divergencies. Divergencies are leading information, not lagging, and anything that is leading is a huge huge bonus to a trader of any nature or time frame. My personal trading is nothing but leading information based and to help those that are a little unsure of divergencies I sourced a coule of decent divergence indicators for the Metatrader platform.

I could go on: Camarilla software - Big Round number indicator - Trend recognition software - Multi time frame analysis software and on and on and on, I have it all and it's free to anyone that asks. If you're looking for something to help you in your trading then fire an e-mail over to me at This e-mail address is being protected from spambots. You need JavaScript enabled to view it and I'll see if I can help out.

Little old me at my trading station. My method you can operate from a laptop if you wish, you don't need the elaborate set-up I have on show here lol. PHD client or not, if you want a chat about your trading then let me know. I like to chat and I like to be friendly with traders around the planet. All the best, Andy.

Over the years I've accumlated a wide range of forex trading tools and narrowed them down to what have been useful and what are downright crap

Some are my own that I'm willing to share with non-PHD clients and others just accumulated randomly over time.

Anyway to keep it short if you're looking for something to aid your trading I may well have it so just ask This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Included in my trading array of free tools:

A Range Calculator that displays the last 1/5/10 and 20 days ranges. Traders who don't know the ranges of the markets they're trading need a boot up the backside lol.  

A Camarilla automated calculator and a back-up manual calculator

A Multi-pair current trend spotter . Helps back up your visual decision which will always be by far the most important

Ihr Trend Direction analysis software. Again visual is how you should train yourself to be expertise at but this will help you.

Support/Resistance levels calculator. I've never discovered levels more accurate than these. There are lots and lots of free calculators out there all giving their opinions of S/R but to a day trader nothing will beat these.

Trade management software that many of my clients use to help them make bigger profits while having to make less decisions.

Trendline Software that plots the trendlines for you thus cutting back on the traders tendancy to make the line fit the trend rather than the other way around. Trendlines have their uses though I don't use them in my PHD Method 

A chart based checklist {Not the PHD one} that you can personalise to any method you currently use. Chart based will always be far more advantageous than a piece of paper or notepad. It's there, it's staring at you and you'd be a silly Billy to ignore your own systems criteria.

If there's anything not mentioned here that you are sourcing then ask me, I f I can help I will, PHD client or not. Cheers, Andy.

Checkout the PHD Method:  Results  -   Guarantee  -   Frequently Asked Questions -   Office, Home visit and Online Sessions  -   Package Choices  - PHD Method chart based checklist

Technical Analysis is the easiest and most precise way of trading the FOREX market known by the forex traders community. All available information on any particular currency, and its impact on traders, and the market, are already reflected in a currency's price. The foreign exchange market is mostly composed of trends and is, therefore, a place where technical analysis can be used very effectively. Experience in trading has shown that history repeats itself - over time, certain chart patterns become consistent, predictable and very reliable. The problem is being able of  spoting them. There's always more than meets the eye at first glance.

Prices move in trends; and the traders who don't know this fact obviously have no need to implement a trading methodology on technical analysis, they haven’t even realized yet. But, over 100 years of research has shown that those who trade "with the trend", more often than not, greatly improve their chances of winning in the forex markets (i.e., making a profitable trade).

Many times finding the prevailing trend will help you become aware of the overall market direction and offer you better visibility--especially when shorter-term movements tend to clutter the picture. And many times following the trend will bail you out of an initially less than great entry point.

The main question you may be asking yourself by now  is; how does technical analysis help you to determine what the trend of the market is and how does it help your efforts to trade with the trend and not against the trend?

It is important to mention that no one is claiming technical analysis as the “magic bullet” of trading . And if you ask, which indicators are better in Forex trading? The answer is none - technical indicators should simply be  components of your overall customized / personalized trading system and not systems in and of themselves. They are like tools in a tool kit, not the kit itself!

As a Forex Technical Trader, your goals are:

1) To figure out the price action of the currency pair. Price is the main concern. If the EUR/USD is at 1.3226 and goes to 1.3219, 1.3112, 1.3008 - the market is in a down trend. Despite what every technical indicator might predict, if the trend is down, stay with the trend. Indicators showing where price will go next or what it should be doing are useless. A trader need only be concerned with what the market is doing, not what the market might do. The price tells you what the market is doing.

2) To always remember that technical indicators are only giving you confirmations based on what the market is telling you. So listen and pay close attention to the market and let it dictate which method you will use and which tool you will pull out of your bag of strategies and techniques. For only by listening to the markets will you ever be able to conquer it successfully and become a profitable trader.

If you would like some free software that I have sourced that will simply help you with deciding on trend direction then contact me at This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Remember it is a visual decision that is most important, that is trading, but the software will help confirm and aid in your confidence that you are making the right decision. It's a very useful piece of kit, available free on the internet if you know where to look but I can save you the trouble if you ask.

  I love the Forex Jackal PHD Method. Find out lots of information on the method here on the blog and over at the Frequently Asked Questions section. View recent results too and terms of the Guarantee.

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The following tables represents the correlation between the various parities of the foreign exchange market.
The correlation coefficient highlights the similarity of the movements between two parities.

• If the correlation is high (above 80) and positive then the currencies move in the same way.
• If the correlation is high (above 80) and negative then the currencies move in the opposite way.
• If the correlation is low (below 60) then the currencies don't move in the same way.

5min Correlation

Hourly Correlation

Daily Correlation

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Diversification is standard practice for very many successful traders. Once again this is an article for general trading advice and thoughts and is not directly related to my forex PHD Method.

Diversification as defined by the American Heritage dictionary is: “To distribute (investments) among different companies or securities in order to limit losses in the event of a fall in a particular market or industry”. The primary goal of diversification is to “capitalize on returns” through investments in different areas so prevent a total wipe of your positions should the market turn against you. Nearly all investment specialists have the same opinion that, diversification is absolutely necessary to avoid risks for long-term investments.

Just imagine that you have an account in Forex, and you only trade the EUR/USD, can you diversify your position? The answer is YES. A very resounding yes at that as well! Even if you trade just one currency pair you still should diversify your holdings. In a while we will go through just how to do that. Let us first explore the advantages and disadvantages of diversification in Forex. One of the advantages of having a diverse holding would create more stability in your account. Just image if one trade turns against you (which is highly likely) you have at least some other trades that would win. Thus your final profit and loss statements for a day will show a profit. If you had just one trade most likely you would be facing with a loss for the day.

A disadvantage of diversification is that there is the possibility that you get carried away and over diversify your positions. Focus is needed to maintain profitability in your account, an over diversification will dilute that focus which makes it difficult to grow your account. To illustrate the above 2 examples let’s work through some figures: For instance you fund your account with $10,000 and each position size you take is normally 5% of your total account. How should you diversify your account? There are three ways of diversifying and I recommend that you do at least two.

First method is that you break your 3% into 1% each and trade with 1% per trade instead of a huge 3% in a single trade.

Second is that you trade different time frames, for instance you normally trade 5 minutes, now have two position one 5 the other 15 minutes. Third, you can trade non related currency pairs. For example The EUR/JYP and the GBP/USD Based on your money management rules, use at least 2 of the above 3 points to help you diversify your positions.

Next we have to address the issue of over diversification. It can be a potential problem if you lose focus and over diversify. As the old saying goes, “too many cooks spoil the broth” over diversification is like that. I would suggest that you should have no more then 3 positions opened at any point in time. For example, you decided to use 3% of your account to trade and instead of having in all in one trade, you slit it up into 2 different trades with 2 pairs. You use 2.5% to trade the EUR/JPY and the next 2.5% to trade GBP/USD. This spreads out you risk a fair amount. You can still focus on these two trades and if thing go well you will earn on both. If one fails there is a chance that the other will win.

There is that possibility that both trades turn against you. That’s why at the onset you only use no more than 3% of your account to trade! Diversification is a part of good money management; it will protect your account and help you make more money in the long term.

You can come to me, I can come to you, you can learn via a complete PDF package and you can be tutored on-line too with me dialing in to your computer anywhere on the planet. Check out the forex PHD Method.

Many people who enter the forex field are unaware of how crucial a proper forex trading training is. Relying on intuition is only enough to get you by minimally. If you do not know how to analyze the market properly and manipulate it, you will not be able to succeed in forex trading. Just like any other endeavor in life, you need to learn the trade before you begin practicing it. Trying to trade in the forex system without learning the system first, would be like trying to play any game without knowing the rules and objective beforehand. It just doesn’t make sense.

There are a few elements in forex learning that help the forex trader succeed in the market. The first element is discussing the forex market in depth. There are three elementary concepts a forex trader must know when devising a proper forex trading system for his personal trading needs. He needs to learn money management, risk and execution. These three elements are essential to trading properly. If applied correctly, a trader may use his system to minimize his risk in the market and maximize his profit. He must first devise a system though, based on the three fundamentals.

In order to do so, he needs to learn about the fundamentals from an experienced forex trader or reliable forex source. The system is an equation and if mastered can bring in lots of money to the trader. Managing money refers to knowing what a trader may invest and what he may not. The biggest financial risk is investing more than your account can cover. A trader should not be conducting deals with amounts that can put his account into a negative balance. Professional traders advise to begin with small investments and stop loss order strategies to ensure that the trader does not get wiped out after his or her first initial trades. Decent forex learning tutors all talk about this concept and explain how to manage your money properly.

The second element studied is market levels and their analysis. Since the market is very unpredictable at times and values can change suddenly and instantly, the professionals teach traders about price behavior and discipline in trading. They discuss the fact that buying a currency at a low value and then selling it when its value increases is not the only concept essential in trading. There is a lot more involved.

The third element discussed in forex trading classes or courses is detachment. It is very important for traders to know how to set their emotions aside when trading in the forex market. To always follow your mind and head and not let your emotions mislead you. Basically the psychology of forex trading and the correct way to approach it. Not to behave impulsively in trading because it can lead to catastrophic disasters. To always think before you jump.

Cheers

Andy

Checkout the PHD Method:  PHD Results -    PHD Chart Based Checklist -    Guarantee -   Frequently Asked Questions -   Office, Home visit and Online Sessions -   Package Choices

This is the face of so many of the forex trading services nowadays. I meet my clients face to face wherever possible. I ring you if you want to have an informal chat and ask me some questions. I can visit your home and tutor you or you can be taught personally 1:2:1 on-line or at my office. My forex PHD method is all I promote, nothing else, no trading books or DVD's or other peoples methods just to make a buck. I own, manage and maintain my Jackal business single handed and am proud of a rightly deserved reputation as an honest provider of a proven forex day trading method. Most people go through countless crappy $peanuts systems before they realise none of them actually work. If you are lucky enough to be reading this then you have done well because I spend next to nothing on advertising and marketing too. Anyone that finds my site and doesn't dig deeper in to what I offer is missing out, that I can guarantee because those of us that don't spend fortunes advertising must be actually doing something else.......I think it's called TRADING .

Hi Traders

I realise that many of my successful forex PHD traders, like myself, have several alternative methods within their portfolio to cater for days when there isn't any PHD action or you fancy a change or of course you have the ability to trade more than one method at a time. On average a trader has around 3 methods within their portfolio but there is nothing wrong with mastering the one.

The number one for me will always be the Forex PHD Method but it would be nice to share what other forex PHD traders are trading and of course I don't expect you to divulge that information for free.

So to get to the point lol I will be introducing other proven successful methods used by PHD traders and the first one will involve the S&P 500 traded between 4pm and 7pm GMT.

It is currently being packaged after already being tested and I will reveal more once that has been finalised.

The offer is to PHD traders, or not, if you have a proven method and want to package, promote and sell it via my site and my contacts then contact me at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Cheers for now

Andy 

Checkout the PHD Method:  PHD Results -    PHD Chart Based Checklist -    Guarantee -   Frequently Asked Questions -   Office, Home visit and Online Sessions -   Package Choices

Well if we all had a penny for every forex related system, strategy,method, EA,Robot and concept out there then none of us would need to trade really

My view is there will never ever be a forex/trading robot developed that will successfully and continually make you money. Why anyone would want to put their money in to the hands of one to start with bewilders me! There's just too much to take in to the equation and as much as I believe in automating as much as possible you still need to be the 'owner' of any trade you take. The buck stops with you {will at least it does with my method anyhow.....and no pun intended lol}.

My method, the FOREX PHD METHOD, is a day trading method that you learn or are taught using the 15 minute time frame with the hour for overall direction. Many of the more experienced forex PHD Method traders drop down to the 15 for direction and the 5 to trade from.

Why I firmly believe my method will stand the test of time is down to this. It's been on the go now for nearly 3yrs and though we use some lagging indicators we base each and every one of our decisions to enter on leading information only. To be successful in trading you have to be at one with leading information, understand it, respect it and live by it. Leading information is telling us something that is happening now or going to happen not already happened. Already happened can have it's uses but we want up to date trading reliability that enables us to predict and use what is happening there and then. This is what the PHD method is all about.

There's plenty about the method on this blog and over at the frequently asked questions. If you found this blog/site then well done to you. I'm only page rank 1 {10 is the highest} and so visitors to the site are as rare as the majority of people who read this blog having winning trades lol..........and no offence meant . I can put a stop to that.

I choose to be a trader first and then if someone wants to purchase my method or be taught 1:2:1 by me at my office or on-line then great. I'm not one of the over hyped heavily marketed forex services out there and spend very little on my site and as you can see I advertise me and what I do not everything trading related to make a buck. I don't have affiliates at all either. The only people that promote my service are the ones that have taken the time to learn and use it and most have met me personally too.

I offer an 8 week guarantee on the PDF version {cheapest way of obtaining it but still comes with my superb after-care} and as you get the stealth indicator package as part of the deal then it's a top one as we are both very respected companies. For those that already have the stealth I discount the PDF package.

Checkout the PHD Method:  PHD Results -    PHD Chart Based Checklist -    Guarantee -   Frequently Asked Questions -   Office, Home visit and Online Sessions -   Package Choices

This area will now be used for the results of the trade copier service.

Results section will be here around the first week after completion of the first month.

So look again around the beginning of April 2012.