5 Minute Trading Review
About 5 Minute Trading Forex Signals Service
If you subscribe to this particular service, then you will start receiving Forex signals on a daily basis. The developers produce these alerts by assessing the prevalent market conditions and then creating projections predicting the future directional price movements of currency pairs. You can subsequently utilize this information to identify quality entry opportunities possessing optimum profit potential.
Although this company aims to generate daily signals, they omit doing so on those days when major fundamental news has been scheduled for release because of the ensuing high levels of volatility that can be generated. Instead, they prefer to wait until such erratic conditions have calmed down and price has settled into its preferred direction.
5minutetrading supplies signals containing comprehensive operational information including entry values, directional bias, take-profit and stop-loss details, etc. You will be also able to locate this key information within the members’ trading room on the developer’s website. In each session, you can anticipate receiving alerts for at least two new entry opportunities. Presently, this service focuses on the following currency pairs, which are the EUR/JPY, EUR/USD, USD/CAD and USD/JPY.
Fixed Time Forex Signals
This feature is one of the primary attractions of 5MinuteTrading. Essentially, you will know precisely at what times during the day you can expect the signals to be supplied. As such, you will be able to plan your day better without constantly waiting for new entry opportunities to evolve.
This company supports two sessions with the first occurring at 23.00pm EST and the second at 02.00am EST. At both these times, the provider will sent you a maximum of 4 Forex signals identifying new trading opportunities which will have a high success potential. Consequently, you will be able to execute new positions at these known times during each trading day. You will no longer have to spend hours glued to your computer waiting for such opportunities to unfold. Another benefit of fixed-time Forex signals is that they will help you develop your self-control so that you will not over-trade by diving into the market in an undisciplined fashion.
Accurate Forex Signals
The promoters of 5MinuteTrading specifically stress the quality and accuracy of their product by explicitly advising that these vital features make the difference between losing and winning. As such, the alerts provide exact details of operation leaving no room for misinterpretation. Basically, you will know precisely which currency pair to trade; which direction to select as well as the size of the supporting stop-losses and profit-targets.
This information is clearly stated within the signals in order to prevent users making mistakes and recording sizeable losses as a consequence. As such, the quality of this data is so high that traders do not need any prior experience or skill at trading Forex in order to record consistent profits. They just need to know how to activate a position using the details contained within the signals.
You must note that 5minuteTrading does not provide any trading copying software which you can install on a MetaTrader 4 platform. This means that you will have to manually perform the task of implementing new positions based on the data provided by the signals. However, once you have mastered this relatively simple task, you will then be in a position to readily repeat this process on a daily basis.
The signals are created by first making a professional evaluation of the prevailing market conditions and then applying well-tested trading strategies to identify quality entry opportunities. This information is then fully verified by utilizing a number of customized tools and procedures so that you can have full confidence in their quality.
Set and Forget Forex Signals
This is another important attribute of this signal service. Basically, the designers have developed techniques to counter the complexities of Forex trading so that it is not so stressful to trade.
As such, the signals have been constructed in such a way that once you activate new position at either of the two defined session times, you can then forget about them completely. The only action that you will need to do is to close all active trades at 14.00 EST. The developers are so confident in this process they claim, that by just performing these simple minimum actions, you will be able to watch your account grow on a daily basis as the 5MinuteTrading is easy to use; reduces stress and involves minor attention.
Reliable Forex Signals
The promoters of this service also claim that they create the most trustworthy signals in this business sector today. Specifically, they are attempting to provide their subscribers with the optimum opportunity to register lucrative returns on a consistent basis. Extensive testing has demonstrated that 5MinuteTrading.com has recorded a consistent reward-to-risk ratio of 2:1 ensuring that clients will only ever be subjected to risks that are half of their anticipated returns.
The developers of this service explicitly boast that it exhibits a reward-to-risk ratio of 2:1. This would, indeed, be an impressive feature if it could be confirmed. This is because such a result would greatly enhance the ability of the 5MinuteTrading to create streams of worthwhile profits consistently. To confirm the accuracy of this statement, a series of specially designed tests were undertaken and the forthcoming results are detailed in the ensuing table.
Our aim now was to devise a methodology that could indicate whether this signal service possesses the functionality to create real money profits. This objective was accomplished by determining the following key performance parameters based on the average values shown above.
1. Win-to-loss ratio = 49%
2. Reward-to-Risk ratio = 0.60
3. Expectancy Value = -$1.08
These parameter values advise that the 5MinuteTrading will generate a loss of $1.08 for each $1 placed at risk over the long haul.
An internet search did not reveal any enlightening user remarks capable of ratifying this product or not.
A 2 week trial period is offered at a cost of $9. The monthly subscript fee subsequently increases to $85.
The performance parameters listed above do not create any sense of confidence in this signal service as they will generate losses over any specified period of time. The feature that is particularly disturbing is that the reward-to-risk ratio fails badly to comply with the 2:1 figure claimed in the promotional literature.
Consequently, you are advised to exert caution if you are still considering purchasing this product. You can adopt such an approach by sticking with our own advised sequence of simple actions which will assist you in comparing the performance of this signal service with those of other similar products.