We will be commencing our services on September 12, 2016. We give live trade signals on Futures and Forex. All our trade signals are given using advance pending orders. And every trade alert has a precise entry, stop-loss and target.
More to come…
We deliver our Forex trades in live room during the London Open from 8am UK time. The session lasts between 1 to 3 hours.
Raman will talk you through the trade as the chart sets up. That means you have plenty of time to enter the trades on your platform. And every trade will come with a target and stop-loss.
On average, the profit target are between 30 pips and 50 pips and the stop-losses are between 15 pips and 25 pips.
Click here to read more about our trading method for Forex.
Huzefa began trading in 2000 starting with UK and US equities and equity options. He gravitated towards technical trading, building his own trading rules and systems. After working with leading firms including Deloitte and PricewaterhouseCoopers, he left a career in finance to begin trading Forex in 2005.
In 2012, Huzefa was appointed by DailyForex.com as their Senior Analyst. His published articles cover technical trading strategies and market analysis. In the same year, Huzefa was invited to be a speaker at the 2012 Las Vegas Forex & Options Expo and the 2012 Toronto MoneyShow. Today, Huzefa attends numerous trading events both as an attendee and speaker.
In 2015, Huzefa joined the Canadian Society of Technical Analysts.
In addition to trading, Huzefa enjoys mentoring traders of all levels, communicating his ideas and developing a shared learning environment.
As the original founder and dedicated administrator for SimplyProfit and TheForexRoom, he wishes to provide the best possible user experience for the members to develop their successful trading careers.
Huzefa resides in Toronto, Canada.
My journey started during a search for my next opportunity after selling my portion of a family business. A friend offered me a part-time job back-testing his trading models. This was very new territory for me; my so-called trading experience up to that point was buying individual stocks through my bank.
But that start allowed me to develop a structured and technical view of the markets. After a stint with a prop firm for a few months in Toronto, Canada, I selected a mentor, Duane Gott, a highly renowned commodities trader and formerly the Senior Trading Instructor for eSignal Learning. Under his guidance, I developed my method and trade plan. That was back in mid-2014.
I quickly achieved month-on-month profitability trading Forex spot with my best monthly stats-to-date being an 80% win-rate with a positive risk/reward. I gradually refined my trade-plan, constantly testing, and in 2016 I made the switch to Futures where I now want to grow my trading career.
Today, I deliver a Live Room 3 days a week with SimplyProfit and manage my own capital. Also, I am an active member of the Toronto chapter of the Canadian Society of Technical Analysts (CSTA).
The strategies used to call trades in the room are sequential, repetitive and tested. We use the same set of criteria in each strategy so we can reliably perform and not trade in unchartered territory.
All our trading signals and calls come with an entry, profit target and stop-loss. Without any of these three elements it cannot be called a strategy.
We trade for a living and we execute our own trading signals in our live accounts.
I am primarily a technical trader. I believe successful trading is about having a reliable set of expectations for market movement at specific price and time intervals. This creates actionable opportunities to enter into the market.
There are four organizing principles to my trade plan. Firstly, my analysis begins with the underlying strategy which is Elliott Wave and market geometry. Secondly, I look at collaborating levels across multiple time frames. Thirdly, I have specific candlestick patterns that trigger me into a trade. And lastly, it’s all about risk control. Every trade I place has a stop-loss and initial target or take profit. I only enter trades that have the potential of a positive risk/reward. And in my own account, I always control the percentage of the account that is at risk with each trade.
My trade plan aims to narrow down the possibilities of market movements and when my criteria are met I am prepared to participate in the move.
For the Live Room with SimplyProfit, I trade the USD/JPY futures (or 6J), E-mini S&P (ES) and E-mini Dow (YM).
When you’re logged into the room, you’ll hear my commentary about my method and you can ask as many questions as I have time to answer!
More to come…
Over time, I grew as a trader with the room; I became more disciplined and I learned to follow the rules that are set and not deviate from them.
Shyam Vyas, UK | March 2016