Education; making an informed decision, are the key ingredients any aspiring trader would want to include in their recipe for success. However, education providers have all focused on their own niche modules when providing the building blocks traders need to find alpha in the volatile FX & CFD markets. Two market professionals have joined forces to fill the widening gap in education and guidance and have launched Tradingit.com, a brand new full service; live trading room/ tutorials, copy trading and the general know how about financial markets.
Tradingit.com is a complete A to Z of the ‘ins and outs’ of Forex trading, topped with guidance and the helping hand of an experienced professional trader in a; friendly and easy to learn environment. Jim and Matt have built the programme on the back of personal experience and feedback from traders who never seemed to find the lost treasure!
We want to provide a service that shows real results, not just a chart or a good month or “what we did a year ago”
“over the last few years, I have had close contact with traders from all segments of the market, time and time again I hear the same concerns, lack of information and lack of guidance, says Matt McIntyre, Co-Founder of Tradingit.com.
Access to education and information about FX is readily available, with hundreds of websites and portals collating data from the basics to in-depth modules on technical and fundamental analysis. Traders have even used the live trading room route where they discuss and assess their trades to an eager to learn audience.
Matt shares his views on the need for Tradingit.com and the Clone Trader Service
Why did you launch this service?
To offer clients real transparent LIVE results via access to our company accounts, its a unique model projecting real live statements in the industry. We want to provide a service that shows real results, not just a chart or a good month or “what we did a year ago”. Traders want and deserve to see what they are actually getting and not just a polished sales pitch.
How has trader behaviour changed over the last through years in your experience?
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Trading behaviour has changed from discretional type trading 5 years ago to leading into EA based automated strategies a few years ago to now utilizing social trading tools for traders to have others do all the work whilst they copy.
Tell us about your business expectations, how many clients do you anticipate and what kind of trading volume do you think you will generate?
We expect around 200 clients per month – globally, in addition, we are targeting the our current Clone Trading accounts to trade between 10-15 times per day to 10-15 times per week depending, on the strategy and the trading conditions. Of course there can be more and there can be less at any time. With the way we have set this up we are only focusing on our accounts and ensuring our accounts make pips. If this happens everyone who is on the Clone Trader will also make pips. The reason we cannot estimate the trade volumes is the client have complete control on the amount they want to multiply our trading. For example a client with $1000 may copy at 100% where a client with $20,000 may choose to multiply our trades by 500%. We offer support in setting up the Clone Trader through the clients preferred broker but the control of the accounts is completely with the clients.
What is your target market?
We have a diverse strategy; from newbies to advanced traders, also clients that don’t want to be educated in trading but rather use the Clone Trader as a way to potentially make money where they do not have time to trade. Tradingit.com is a subscribed service. .”
Jim- Trading since 2006 in futures and Forex, worked for a few educational companies in this period, conducted live seminar presentations, ran master classes for elite group of traders, conducted many webinars.
Matt – Working for large international CFD and Forex companies in Australia and in London since 2004 specialising in the Partners and institutional sales and development.
* experiences may vary depending on clients appetite for risk