My preferred trading times are the London session 6am - 10am, the afternoon is best from around 12.30pm - 4pm. You can trade whenever you like but the best time to trade is when the markets are generally moving hence the times stated. | |
Yes the stealth is included in the purchase price of my 1:1 private tuition, you need stealth as we use 2 of the indicators, I am yet to find in all the years I've been trading anything more reliable and accurate. Stealth is a fantastic trading tool and I highly recommend that you include it in your trading in some way or manor. It is also included in all of the 4 PHD purchase options. | |
No you cannot use this method on a higher time frame, you can on a lower but the idea behind the PHD method is for a smooth comfortable relaxed trade where you have time BEFORE the event to consult your checklist and ensure you are entering a high probability scenario | |
Yes my after-care is for as long as you need it, I pride myself on the quality of service I provide, the speed and detailed response and of course an exceptional method that actually works and will work for many years to come. | |
The main indicators that you use for entering a PHD trade are most definitely leading ones, basing an entry on a lagging indicator is of no use to anyone. This is why the PHD exists, because it's different to the vast majority of methods out there, nearly all are based on moving average crosses, a moving average is a lagging indicator and yes they have their uses but if your basing your entry criteria on a lagging indicator you will never make money, that's like saying that your lagging indicator is your leading one! The PHD method bases it's entry criteria on extremely accurate, respected and essential LEADING INDICATORS not by any means a lagging one that follows price. | |
The training session and content are the same regardless if you have your 1:1 at my office in Drotwich Spa, Worcestershire UK or via the superb Team-Viewer and Skype alternative. Remembering that many of my clients are from the other side of the world it would be a bit heavy on the travelling I think! I enjoy office visits but some students are more comfortable and relaxed in the comfort of their own home regardless of the ease of travelling or not. Your choice and I'm happy to tutor you either way and provide the same level of service. | |
I am considering stopping all affiliates promoting my training service. By doing so I can reduce the cost by 40% and that would leave it open to those of you out there either not in a situation to afford the present fee or simply didn't want to spend that amount. By sending an e-mail to andy@forexjackal.com you can get an update where I stand on this matter. | |
There is now a new style Jackal traders checklist available for free at present that you can personalise to your present system you use, it doesn't have to be my method, it can be anything. It's a superb tool that will encourage you to not only use a checklist but will help with discipline issues and for most out there { except PHD users} the inability to decide if to enter or not | |
What skills, attributes and abilities do you need to succeed at the Forex Jackal PHD Method : Discipline and Patience are essential to any trading system strategy that works, the PHD is no different. I tell it as it is out there and encourage everyone to do their due diligence checks as I only want to train fully committed students who understand the nature of trading. Therefore I require a lot of effort from you, you must be prepared to accept routine as the best traders on the planet are all creatures of habit, you must also be prepared to throw out all the old trading baggage you may have collected and be willing to adopt my procedure without changing things around and playing with it. On top of that you must be prepared NOT to go live until you have proven understanding of the PHD method and how you must proceed in order to only accept high probability trades in line with the PHD set-up guidelines | |
Do you need experience? Not really, as long as you know what a candlestick chart is and does, a little about trends and support and resistance then you have enough to see me for a 1:1 training session. The less you know in many ways the better, too much trading knowledge works against you, keep it smart and simple. Understanding the markets conditions is essential, I cover this and the checklist I give you will help enormously but understanding market conditions comes with practice and after taking many trades. I've never purchased a training book or DVD in my life. Let me show you what you need to do and learn rather than go overboard. | |
Best thing you can do to help yourself as a PHD trader is find a market you enjoy trading and master it, as with the vast majority of the PHD we like to do what the Pro's do and part of that is to be a master of few rather than average at many. Pro traders master their chosen subject not flitter from market to market, as a PHD trader you are encouraged to develop a strong routine and part of that routine involves enjoying trading one or two markets at the most. To those that can't abide routine or get bored too easily then you must at least understand any market that you frequently change to, no point flicking from the GBP/USD to Gold to the S&P if you only understand the GBP/USD or currencies. | |
The stoploss will generally be a minimum 15 with a maximum 35 but you will never accept a trade where the potential reward is less than the stoploss used. I teach you how to recognise an achievable target. When a stoploss required exceeds your comfort then simply don't take the trade, it's all about being comfortable when you place a trade or eventually you will burn out, tire and give up. Stay within your comfort zone. | |
You will only ever risk a maximum 1-3% of your account at any one time, you can't blow your account on this method, if you do then you clearly haven't followed the rules of the PHD. Risking 1-3% of your account means that when you experience a loser it doesn't send you straight to the Samaritans Hotline, it shouldn't affect you, if it does then reduce the risk even more or find another way of making money as you must experience and cope with losers or not enter the trading world. Losers are rare with the PHD taking the best set-ups, you get frequent ' no trades/criteria not met' but I'd rather that than losers. | |
The PHD method is an intra-day trading system, day trading is another way of putiing it, what you make or lose is made/lost in the same day, nothing is kept open overnight. | |
The aim is to achieve a minimum risk to reward ratio of at least one to one, so very often there is more on the table but the clever ones start off by constantly banking those one to ones and mastering their trade, not worrying about the long runs or hours of trading. The PHD is about taking quality trades and pips/points not long winded quantity trades that go on forever jumping around giving you the shakes. Quality not quantity. | |
The PHD educates you on how to sit back, look at your trade and say ' that's the best I could possibly of done, I'm happy that I just flawlessly executed the PHD method' until you get to that stage with any method you will not educate your discipline and nerves to re-enter a trade that lost or to take another trade with exactly the same criteria that the trade that just lost used. That is trading, you will experience losers when you think you just did everything correctly and when you did and it loses you must have the confidence and belief in both yourself and the PHD method to do it all over again, then you will get consistency and make money. | |
you can set and forget the PHD trades. I have many PHD users that still work full or part time, not everyone wants to pack in their jobs or rely on trading for their income. Those that don't will simply identify a PHD set-up, set the trade to automatically take the profit at 1:1 and leave it to do it's job or get stopped out. I often leave my trades to set and forget if it's taking longer than I'm prepared to wait for it to mature. I'm not a screen-watcher. | |
With most brokers and trading platforms you can set alerts to identify when a potential PHD trade is close, thus saving you sitting their endlessly screen watching and getting impatient and bored. You will know as a PHD trader where to set your alerts giving you plenty of warning to get ready. You will also know when you first look at your chart if a PHD trade is even remotely close so again you can just set an alert. | |
The PHD method requires that you use a trading checklist, if you're not prepared to then I wouldn't waste your money on the PHD method training. The checklist helps install discipline and most definitely is your guide to clarifying a high probability opportunity. You can use a hard copy but the Jackal service now provides a checklist that will work from your screen, that you can personalise and will give you signals in the form of a traffic light, stating the obvious but Red for no way, Amber for a decent but riskier trade and Green for what the hell you waiting for. If you want one anyway send an e-mail to andy@forexjackal.com | |
The Cost: The PHD 1:1 training, the method and the before, during and after-care currently costs £1997. 40% of that goes to the affiliate so I am considering my options. Do I continue to respect the job that the affiliates do and pay them 40% commission each time they find me a trader wishing to be personally tutored or do I reduce the cost of the package by 40% and have no affiliates but rely on reputation, word of mouth and my own personal marketing to get the word around? It's a tricky one and thoughts and feedback are welcome. | |
The success rate of students that receive my 1:1 tuition is over 70%, now you will be thinking that 30% fail so let me elaborate. First of all the success rate of those who attempt to learn how to trade for themselves is only 5% so I'm whooping that for starters, yes 95% of people who go it alone fail. So why do 30% who see me still fail ? Probably the biggest reason is lack of discipline, you either have it or you develop it, don't bother or make an effort to be disciplined and then you will fail without question. On top of that I've had students that within a couple of weeks have sent me trading screenshots and I don't recognise the set-up and it's my method, things have changed, indicators have been added or removed and then it is not the PHD , which incidentally does not need to be played around with. Another reason is pure stupidity, in the interests of honesty and telling it as it is then yes some of my clients are rather silly, they go off in search of riches way too quickly, skip rules, attempt way too much, use ridiculous money management and then blame me when they fail lol. You will succeed if you do as you're told and trained it's as simple as that, trading is not that hard, it's the mentality, common sense and the discipline that is the most difficult. I teach you a fantastic method built to last, I'll instruct you on coping with losses and decision making, I'll tell you how to protect your stoploss so that price has to work extremely hard to take you out, I'll show you how to measure an achievable target so you don't risk more than your potential reward, I'll show you which indicators you can eventually remove allowing you to get in sooner and stay in longer {only if you want to get that good at this method that you feel comfortable in doing so, you most certainly don't have to remove anything if you don't want to}I'll tell you the reasons why we do what we do with the PHD method but I cannot force you to put in the required effort and discipline, you either will, you won't or you can't. | |
The PHD initials have nothing to do with trading. I love my family and so I called it the PHD after the initial of the nicknames we all call each other, now that's as far as I'm going with that one | |
Yes you can bring someone else with you to my office to be jointly tutored alongside you, there is a charge of course , you can enquire at andy@forexjackal.com | |
Yes I can arrange pick-ups from Airports and train stations, arrange accommodation and reserve you a car parking space when visiting me at my office in Droitwich Spa, Worcestershire, England. | |
I use TEAM-VIEWER for those not travelling to see me, it's an exceptional piece of kit that does the job very well. We use Skype to converse and you don't need a webcam. Google Team-viewer and you will see what I mean, it's free. | |
I've trained clients how to use the PHD method from the USA- Australia - Austria - India - Japan- Russia - Poland - Spain - Italy - France- Ireland - Scotland- Wales - Tenerife and theres somewhere else too but I can't remember at the moment.......oh yes good old sunny England, the place where I lay me weary head each and every night. | |
If you visit me at my office you need to bring nothing else other than your good intentions. You'll be well treated and respected and tutored at a level and speed comfortable to you. You can take breaks whenever you wish, I don't smoke but respect the fact that you might. It's a very female friendly office and I'm very good at putting you at ease. I don't take anything too seriously believing that most people will digest more information and learn quicker if they are relaxed. I like everyone to talk to me like they've known me for 10 years or so. I don't have a loo but I do have a Harrods potty, only the best for my clients, joking apart the loo/toilet/restroom/ however you refer to it is next to my office not in it and is well looked after with recycled loo roll, sorry I just can't help myself sometimes | |
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