E-book Category: E-Business
E-book Title: The Oil Trading Business
Author: John Campbell
Book Description: Forget Forex, Trade Oil! New EA now available for purchase in the Members Area. As traded in the US, Sweden, Canada, Israel, Bulgaria, Italy, Australia, Czechoslovakia, Portugal, China, France, Singapore, Norway, Brunei, Greece, Malaysia, Ireland, Macao, UK, New Zealand, Spain, Maldives, Isle of Man, U.A.E., Netherlands, Columbia, Russia, Germany, Indonesia, South Africa. 95% fail at trading. Most systems & signals services simply do not work.
I trade this myself (see About page) and post the results and chart proof of live trades every day - see below. Oil can be traded from anywhere in the world with a free price feed and from $300 capital.
Financial trading is big money but 95% lose big time! I would also say that over 95% of the websites are complete BS and anyone with less than 2 years experience is a lamb to the slaughter. Everyone wants to trade Forex because it is hyped up to be the greatest way to make money. True. Vendors are raking it in while traders are going broke. With over ten years experience (yes, broke several times) and a regular forum contributor on Trade2win.com, I've seen it all... This is different, quite genuine and quite original. I actually make my money from trading, not from selling systems. I am available every day to give support because I am trading this, my own system.
Why is oil so good? Because we trade one thing from one chart and get about two clear signals a day with a very high success rate. We get totally unambiguous signals with no repainting and have simple, exact rules - follow them and you can literally more than double your money every month when conditions are good (but not every month!). Oil is the most traded commodity in the world, yet few non-professional trade it! 30 Min Oil chart showing what you will see on your screen when the system is loaded into MetaTrader on your computer.
We average around 400 pips per month profit (proof posted daily) with around twenty trades every week. Oil can be traded worldwide using standard Forex brokers or spread betting. Much easier than Forex. Much less stress. Much more profit. Signals are generated in MetaTrader as shown above and then you can trade them with any broker you like. We trade the 30 minute chart or the 15 minute chart, so it is not necessary to watch the screen all the time. Also, there is usually fantastic profits from the 5 Minute chart!
There is also an optional audio alert and SMS alert to warn you of a possible trade coming up soon. This is ideal if you can't check the screen regularly, are at work or otherwise engaged! This is downloadable from the Members Area (Free after purchase).
If you must trade Forex, I recommend SaneFX! Just follow the signals shown on your screen and you will make a profit - or your money back in full. People always want to know about back testing but back testing is well over rated. Most systems are curve fitted to past data on the assumption that the market will behave next year like it did last year, which is patently rubbish. You could probably find something that correlates perfectly with the rainfall in Bangladesh for the last year but would you put your money on that? Back testing is where traders miss the mark. Ten million back tests have not yet produced a flawless system, yet people still do it. This system back tests well but changes according to market conditions - modifications are posted in the Members Area.
The Oil Trading Business System is very easy to use and the signals will be produced on your computer identical to the ones I trade myself. They are completely unambiguous and easy to read. We sell on a down arrow and buy on an up arrow, so long as this is confirmed by the Trade Confirmation/Close Indicator (TCCI). Trades currently have a 40 point stop loss and a 60 point take profit (varies with conditions). However, trades are closed before then if the TCCI changes colour. The trade indicator can be adjusted to suit varying conditions and occasional updates are posted in the Members Area. Remember, I am actually trading this every day.
It has just over a 60% success rate with the average win being more than the average loss. At the time of writing (9th March) conditions are more difficult than they used to be but we are still making a profit. Volatility is much less now, so monthly profits will be reduced from over 2,000 pips to around 500 pips a month. Conditions should improve as the economy settles. Oil can be traded online from $1 a point upwards. Results continued to be good even during the period of the credit crunch. Although I don't show the results because there are too many trades, there is always good profits to be had trading off the 5 minute chart with a tight 15 pip stop and a nice +30 take profit. This often produces around 100 pips a day but is much more time consuming! All verifiable, real money trades as taken by me and other users of this system: - October total = 37 trades and 2,120 pips profit.
- November total = 40 trades and 865 pips profit.
- December 29 trades +550 pips profit (no trading over holiday period)
- January = +890 pips
- February = +355 pips
- March = +245 pips (record low)
- April = +495 pips
- May = +315 pips
- June = +300 pips
- July = +650 pips
- August = +350 pips
- September = +365 pips
- October = +45 pips (an impossible month for oil)
- November = +1,097 pips (back into big pips!)
- December =+750 pips (3 weeks)
- January = +493 pips
- February = +250 pips (February was a difficult month!)
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