In February 2019 I was contacted by a guy by the name of Dwayne Dowman who told me:
“For the past 6 years, I have worked for three of the Uk’s leading FX brokers, leaving as the head of UK business. I ended my institutional career in July 2018 to pursue my own goals of running a successful Forex training group/service. Having witnessed exactly how 96% of retail traders lose money, whilst liaising and working alongside the 4% of winners, there really is no one better placed than me to be able to teach clients how to trade successfully.
I know there is a lot of talk in this world and it is certainly full of both naysayers and also less than straight individuals, which is why I have backed up my claims with a 4 month verified and proofed history of trading my system.
I have witnessed thousands of retail traders blow accounts and use some horrendous techniques whilst trading. I have also witnessed those who know what they are doing return profits consistently. My 3 Phase trading approach creates the foundations necessary to join the elite traders and revoke all common themes of the losing majority.”
I was intrigued enough to arrange a meeting with Dwayne and you can see my short interview with him here:
Learn the TIG Trading Method Here
Review by Nige
I have been reviewing TIG trading for the past 3 months now having a keen interest in studying the course after being made aware of the verified results that TIG was posting on MyFXBook.
It’s unusual to come across successful FX traders or for that matter successful Forex Services, but 50% return in the first 3 months of the year is something worth having a look at!
The service itself offers a comprehensive course, isolating the key phases of learning to trade forex the TIG way. It doesn’t go into detail about trading platforms, how to use brokerage features or any of that ‘waffle’ that tends to pad out most Forex Manuals or services. However, I am certain Dwayne Dowman (the owner of TIG) wouldn’t hesitate to help if needed.
For a limited number of individuals (and I was one of those), a trade copier/replication service which allows you to see TIG Trading theory literally working (and recoup some of the cost) adding a practical element to the process.
A personal service with a minimum of three remote training sessions are available to all. These one-to-one sessions with Dwayne help to iron out any wrinkles in the learning process along with confirming your application of the taught techniques.
We start from the very beginning where I was invited to the TIG offices in London, where I was able to get first hand insight on the logic behind the success, real life results and mentorship from Dwayne. I could tell from this very moment that his years working for the brokerages gave him a unique insight into the skills possessed by the 5% of profitable traders.
I was amazed by how relaxed he was about open trades, he was able to focus on the teaching even with active positions in the market. The first few months we witnessed extremely kind market conditions where we were able to realise profits extremely quickly whilst maintaining our win percentage above 95%.
Not often do we witness a Forex trading strategy and or service that can consistently generate returns over a prolonged period of testing or review; well with TIG trading this is exactly what I have seen. The trading methodology itself is taught in an online interactive format, where Dwayne personally engages with one-to-one training and teaching. The course can be tackled at your own pace and can be accessed from any device from anywhere in the world.
In my opinion, the interactive element of the service makes TIG a unique proposition to any potential buyer. I don’t know of many (if any) other services where the author will take his own time to ensure you fully grasp the trade concepts and methodology before investing your own money into the markets.
I also previously stated that “This course is definitely not the cheapest product on the market at £2,997 but my experience of this world of FX suggest that you get what you pay for, and with the performance that I have witnessed and the verified ‘myfxbook’ longer term profit, I am eager to continue the course with a view to learning the skills myself.”
Now using the benefit of hindsight I can fully stand by my comments made at the start of this review. The knowledge I have gained in these 3 months (which will last me a lifetime) alongside the investment potential (and that of the returns already gained), then for me it is certainly money well spent for any perspective purchaser.
After obtaining the methods behind his trading techniques I can confirm that this is an approach which allows you to be in control of your own time, which is essential to me and enables you to have a good work/life balance.
Month 2 was much of the same, alongside Dwayne’s trade copying service, I continued to make successful entries. Using the core TIG approach I once again made money, entered trades, managed them and then closed them out to generate a successful return.
Month 3-4 really tested both the system and the principles behind TIG’s approach. With fundamental data far more apparent, pushing the markets and indeed the TIG trading strategy into full trade management mode. This is where I really began to see how well Dwayne and the TIG trading strategy copes when things don’t go exactly as planned. What I witnessed and also acted upon was the unique set of trading within the market limitations, whilst managing open positions, limiting risk and of course generating profits.
The last 6 weeks have been the most telling, and above all the most beneficial to my trading journey. The specific reason I have reviewed this strategy over a prolonged period is indeed to encounter a variety of market conditions that will test the resilience of this system and strategy.
In summary, back when starting this review I made the following remarks….’’ The TIG Trading website states that you can double your bank safely with 12 months. I have to be honest; I was sceptical. The FX industry is notoriously muddy waters so I was looking for serious proof.’’
So, 3 months on I can answer this question….absolutely you can see that your capital could double within 12 months by following TIG’s unique trading strategy and techniques.
I can safely say after my 3 month experience with TIG that every penny spent is worth going in to this system. This perspective of the forex markets is effective and adaptable, it is a way to make a consistent income and a skill for life. Not to mention, the gains that I have made by using the trade copier service.
Performance
In summary, I opened a live trading account with £5,000 on 8th April 2019 (see previous updates). My account now stands at £6,023.72 – a gain of slightly over 20% in 2 months.
I don’t have the time to apply to the course, I need it to be flexible.
The course is easy to tackle and flexible, the value lies in the one-to-one sessions which Dwayne is happy to schedule at all times of the week. I was astonished when I saw that Dwayne wasn’t constantly checking his active trades – this is something that can be adapted to your daily and weekly patterns.
I’ve never traded Forex before, how do I know this will be for me?
I also hadn’t traded discretionary forex before starting the course and I found that I was able to pick it up very well. The jargon is broken down by TIG and assistance by Dwayne helps to clear up any parts that need more clarity.
I’m unfamiliar with MyFXBook, are these results verified?
The results aren’t only verified by online via MyFXBook, but I myself have witnessed these results in good and bad market conditions.
Forex trading is risky, how can I be sure that I will be preserving my capital?
Capital preservation is the back bone of this approach to trading forex.
Is the course user friendly? How easy did you find it grasp?
I found the course easy to grasp as the content is straight to the point; the trading style is broken down into 3 sections with a good balance of trading theory and practical trading.
TIG transparent trading results
Learn the TIG Trading Method Here
Verified results compounding £10,000 since October 2018:
Trades: 225
Wins: 187
Losses: 38
Max Drawdown: 20%
Pips Made: 4,799.9
Percentage gain: 122.74%
Monetary gain: £12,274.20
Year to date 2019:
Trades: 125
Wins: 110
Losses: 15
Av Drawdown: 4%
Pips Made: 3,292
Percentage gain: 82.6%
Monetary gain: £10,075.30
Learn the TIG Trading Method Here
I have also been learning this method for the last few months, and have a one to one with Dwayne to test my understanding every couple of weeks (sometimes less). The last 6 weeks have been, as Dwayne describes it, unusual . This period has certainly tested the method. I, learning from past mistakes, have been using a Demo account to date, and albeit the conditions over the last 6 weeks have been tough, the Demo account is 505 points in profit.
This is certainly encouraging to say the least. I have a few minor issues to iron out around staking, and then I shall trade with a live account. I agree totally with the official Cashmaster review.
Hi Guys,
I notice on Myfxbook that the account seems to be showing quite a large drawdown?
Is there any chance we could have a screenshot of the current open positions and an indication of the current margin requirements for these open positions?
Many thanks.
Hi Stephen,
If you click on the drawdown tab it shows 12% which is in line with my own higher risk staking model. This ensures I consistently return 10%+ each month whilst I can comfortably manage drawdown of this nature. In the TIG course we teach individual risk management and staking dependent on your financial goals and needs.
Remember the percentage gains and indeed drawdown is specific to me, though the pip count is universal so gives a more accurate picture of individual potential returns in line with your risk parameters.
I have seen many people blow trading accounts or exit trades before market cycles correct. This leads to taking unnecessary losses and generally knocking confidence. I have seen 1000’s of traders make the mistake of exiting trades just before the markets turn back in their direction.
Regards
Hi Dwayne,
I understand the points which you make but would say the following;
That one of the key aspects of trading is learning / knowing / understanding when to run a trade and when to take ones losses and move to the next trade. Each person is obviously different.
You mention that you’ve seen plenty of people lose money by closing positions just before a market cycle turns etc but surely there’s no way of knowing that a market turn is going to play out?
And there lies the issue; that from time to time a particular market (be it a currency, commodity or an index) will move out of a range and start trending for a while and thus the ‘market cycle’ (as you call it) doesn’t necessarily play out. This is because, every so often, there’s a fundamental change in market conditions which means that the value of a particular currency / index etc significantly re-values.
Thanks for the reply Stephen.
I completely understand your perspective, I’m glad you raised these points as this is a common reason why so many beginners or ill informed struggle to consistently generate money and profit from the markets. Unlike indices and commodities, major FX markets are indeed range bound and very cyclical in nature.
The theory included in the TIG course uses market profiles to determine a singular assets limitations along with a collection of tools to indicate swing areas.
I have to disagree with the idea that there isn’t a way to know when markets are going to turn. I have seen and now deploy techniques that can pinpoint market turning points within X pips 95% of the time. You will see that from myfxbook and the very limited drawdown and high win rates.
In essence, being stopped out of a trade in the case of expanding markets is perfectly fine, if and when waiting for a ‘correction’ isn’t suitable for the management of the traded portfolio. Current TIG students are witnessing this with current market conditions!
Thanks
Does the trade copier service still come with the course? Is this something that someone will have access to for as long they like once they sign up to the course?
Hi Alan,
Thanks for your question.
Yes, the trade copier comes as part of the package! It is available for 30 days as an incentive to all students. It’s a way to make back some of the cost (or more) and a visual representation of the theory behind the course.
Nige can I ask how many hours a day and what times of the day you have been trading?
This service is being reviewed on HBR where they are publishing results.
They appear to be trading without a stop loss, is this correct ?
Regards,
Ray
Hi Ray
Thanks for your comment. In terms of other review sites I think it is only fair they are discussed on their site specific forums as a matter of respect. With that said, the Cash Master review has been a vigorous 3 month process with students and the reviewer completing the course and providing their results.
I often maintain mental stops in the market instead of using physical stop losses. Working for the brokers for 5+ years provided insight into how risk is often calculated and how positions can be be manipulated as a result of physical stops.
@Ray, what’s HBR ?
It’s another copycat review site. I don’t send traffic to other review sites… obvs…
Hello Dwayne. You mention about having your own mental stops based on your extensive experience, however, how do new users of TIG establish where stops should be placed (or are they not?) when they do not have the benefit of the experience that you have?
Hi Mike,
Another good question; all stops can be executed based on the theory found in the TIG course. My personal preference (as someone who trades full time for a living and can access the charts at any time) is to not place stops at this point in time. However, active students are taught techniques as to where they should be focusing on placing physical/mental stops depending on individual goals.
Dwayne, thanks very much for your response, answered my question perfectly. I have another of you don’t mind? Just looking at you results, your growth and equity growth followed each other relatively closely up until April this year where, since then, there now appears to, I imagine, be a number of negative trades currently open as was touched on in another sites review. Has there been a change to your strategy to cause this or is it just down to market conditions? If you are able to give any feedback on the current negative positions you have open that would be great because it’s the only downside to what appears to be fantastic strategy.
Hi Dwayne
Is it possible to trade your method around a 9 to 5 job?
Does it require chart watching during the day or can trades be managed in the evening and weekends?
Hi Alan,
Yes, It is possible to trade this method around a 9 to 5 job, I place a lot of my trades outside of work hours (as per the trade copier) and most students are using the method successfully around work, family & business life.
Evenings & weekends are perfect, the method requires minimal chart watching.