I have agreed to review TIG Trading – this is run by a Dwayne Dowman, who has been a head of several leading UK trading desks.
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.
I joined his trade copying service literally a calendar month ago (5th March 2019) with a demo MT4 account, having deposited £3,000. During the month Dwayne has traded just over 30 positions in the FX markets using various major currency pairs. To my amazement none of these trades have lost. My account now stands at £3,729.50 with a couple of open positions in small profit. That’s a gain of 24.3% in one month. Incredible. The lot size has only been small (0.15) which is approximately £1 per pip, so the risk that you would automatically associate with such a large reward has not been there.
I was sent TIGs on-line trading course a couple of weeks ago and this is split into 3 phases. The information is easy to read and understand for someone with little practical FX knowledge such as myself. So far I have read Phase 1 and, without giving too many of Dwayne’s secrets away, the content is practical and realistic with a focus on teaching traditional skills so that the reader can learn about what makes the markets move without having a screen full of material that I know can cloud the traders’ judgement.
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.
I intend to update on here every month with my own development via the training package and the trade copier.
You can get TIG Trading here
Hi Nige,
What did you mean by “traditional skills”?
From what I’ve read, Dwayne teaches multiple different ways to analyse the market. I hope the technical aspect is more advanced than just “draw some support/resistance/trend lines”?
Like you, I’ve seen a lot of snake oil in this industry, but this looks promising.
Best,
Mick
To be honest if you can’t make money from S/R break outs , I would not waste your money on trading. I am sure any real trader on forex and Betfair will tell you it’s 90% money management and 10% entry :).
It’s not that easy. Breakouts have horrible success rates and are easily manipulated. There are so many fakeouts that you don’t know which one will hold.
Completely agree, I have come across thousands of traders naively attempting simple breakout strategies and failing. Timing is everything as is a proven strategy.
Hi Mick
It’s not some ‘pie-in-the-sky’ methodology that is senseless. I am conscious that I don’t want to give too much away so can I suggest if you’re interested then contact Dwayne directly via the TIG Trading website?
Regards
Nige
I’m very interested in this but my concern is that without a trade copier service this wouldn’t be feasible for people who can only place trades once a day.
Running it manually, I would only be able to hunt for trades in the evening and wouldn’t generate anywhere near the same level of trades and profitability as Dwayne is achieving and thus it would take a long time to recoup the £3k outlay.
Hi SiHi,
All subscribers to the course will be given time on the trade copier.
Trades can be taken at any time of the day, there are no specific times for entry once you are on the trade copier you will have an opportunity to literally see how this works.
Regards,
Dwayne