TheForexRoom is a live trading room run by 4 professional traders. The Live Room is open 4 days a week, from Monday to Thursday. It currently runs during the London Open from 7: In addition, they send out email swing signals with advance entry-orders. All trade calls from TheForexRoom come with an entry, stop-loss and take profit target. Lastly, two of the traders provide a managed accounts service. TheForexRoom is run by a solid team of four professional traders: Colin Jessup, Greg Ward, Tim Musomba and Live Hamid.
Huzefa is the original founder of the room and now looks after the admin side of the services as well as the managed accounts. Each of the traders uses his own strategy in the room — the room is a window for members to follow and develop their own trading styles whilst watching the moderators trade their own systems. Colin is a longer-term trader compared to the rest of the team.
He has been sending swing signals since Colin completed the Canadian Securities Institute program in and provides a managed accounts service. Colin is also a valued member of the DailyForex. Greg is a short-term trader with most of his trades being opened and closed within room hours. He calls the most trades out of the team. Greg also gives most of the chatter for forex room with his very friendly and jovial personality. Being in the room for hours on end, traders really need a good atmosphere, and Greg goesout of his way to create this pleasant atmosphere.
Tim trades live very unique method using tick-bars rather than time based bars. While the other two traders have 2 profit targets for most of their trades, Tim always operates with 1 profit target. From JanuaryTim will be taking on managed accounts as well. Overall, the traders seem to really feel comfortable with their own strategies and they are able to apply the strategies consistently without the psychological barriers many other traders face.
The traders were also willing to trading their positions to any interested traders, and to answer any questions that arose, which was a vital part of the educational forex. The traders are all very clear about where they are taking their positions, when they are exiting and how much room the trade they are exiting if there is more than one profit target.
If all you want to do is blindly follow their trades, they make that easy enough. Still, as mentioned above, they also make it possible for traders to learn the systems as well. The education is provided within the Live Room itself.
The traders explain the reason for each trade, though it may take traders a few weeks to truly understand the thought processes behind each trading style. It is important to know that traders who want to reviews more information than that which has been discussed may need to speak up and ask for more detail. However, the traders are willing to open the Live Room on Fridays or weekends to cover questions particular members have. In that sense, the team is very service oriented.
It is also helpful to remember that the team is trading their own live accounts during the live live sessions, and they do their best to cover each trade while the market is moving; nothing that goes on is hypothetical, so traders will have a solid understanding of what to do.
TheForexRoom publishes their trading on a Blog, Facebook page and Twitter feed. One downside is that the trading of the results is room delayed. More importantly, however, is that in the 3 or so months since the room was launched, the team has had only one losing week. In the week that we tested the room out, the performance was accurate compared to trading published figures. Registration is required to ensure the security of our users.
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Good traders who know their stuff Profitable Friendly atmosphere. Heavy time investment required for the Live Room Results publishing sometimes delayed. Help me choose a broker. Finding a Forex broker has never been so easy! TheForexRoom Review Contact this company. Info Name TheForexRoom Website TheForexRoom. Advantages Good traders who know their stuff Profitable Friendly atmosphere.
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