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.
This is my second update, which follows on from the original comments, dated 5th April 2019.
I have continued with the trade copying service and due to the confidence in TIG’s strategy plus the consistent results, I decided to open a real account on 8th April 2019 then deposited £5,000 into it. After taking advice from Dwayne I have kept the lot size small (0.2 which is approximately £1.30 per pip) and during the remainder of April there has been 8 trades completed with 7 in profit – my balance today stands at £5,380.63 with no open positions. That’s a gain of 7.61% in 22 days. Again, highly impressive with no stress whatsoever.
I’m in the process of piecing together the final stages of the online training course which discusses practical trading issues and the psychological elements to making money in the markets. I am using the trade copier alongside the theory presented in the course to develop a better understanding of the TIG trading secrets whilst also profiting from Dwayne’s advice.
The course maintains its consistency, in that it is relatively easy to read and understand. I am confident that once I have mastered the skills required, I will not need to be glued to my screen for hours on end nor have to rely on any kind of copying service.
Dwayne has continually stated that he will not be offering his services to the masses on a trade copier basis but will include this for free for all students of the course. Dwayne’s main focus is to teach clients to make money in the markets, rather than simply copy his trades which makes total sense to me – “give a man a fish and you feed him for a day; teach him to fish and you feed him for a lifetime”.
I am hoping to conclude my full and final review of this service in the coming weeks, with the intention of publishing my results monthly going forward. So far, it stands up to the test of being a profitable system while maintain transparency with Dwayne’s MyFXBook results.
Dwayne’s official results are as follows:
Pips Made: 666.0
Percentage gain: 11.83%
Monetary gain: £2151.20
Pips Made: 2848.70
Percentage gain: 66.7%
Monetary gain: £8135.90
“I have 10 trades running, risking 1% each (I hope to do 0.5% when I go live) and I’m currently up by 3%!!!” – Mike O
“So far so good, since opening my MT4 account last week I am up by 1.5%” – Gary O
“I’m up by about 1.7% for the week. Looking good at the moment.” – Steve P
Limited Offer: You can get a £500 discount by entering the code – ‘earlybird500’ at checkout
You can get TIG Trading here
Would the above profits be tax free?
Depends if you are spread betting or not.
So, if I have well understood, Dwayne will continue to trade indefinitely his account for his students as a copy trading service? So if a student should not be able to trade for a period of time and for any issue there will always be in any case the option to profit from copying?
Thank you for your attention.
The trade copier is available for 30 days, but can be extended at a cost if and when necessary.
I have been using the TIG method on a Demo account for the last few weeks after seeing how profitable it is on the trade copier. And it certainly is profitable. Very. It is clear and logical. I made over 150 pips on the Demo account, which consisted of 1 losing trade in 6 trades.
I then lost a lot of those pips on 1 trade. However, it wasn’t because the method stopped working. It was because my thinking was muddled. I have since re-read the last Section of the course, which deals with the psychological aspects of trading and trade management, and it is now clear that I hadn’t fully taken this on board. I have since looked at the losing trade again, and it is like looking at it with fresh eyes. Firstly, I shouldn’t have entered where I did. Secondly, I didn’t need to exit where I did.
When emailing Dwayne with a query, (like the one above) I have always received a prompt response. I have a Skype session booked with him next week to iron out any issues around/develop my understanding of, trade management.
I do believe that when this method has been mastered, and I expect it to take me a few months to really get thinking the right way, it will be a method to make consistent, regular pips, without constant screen watching.
I am looking forward to seeing how my Demo account does this month (May)
Didn’t you have/use the benefit of the copier then ?
It appears that it isn’t as straightforward as advertised if the above poster lost on a trade when he shouldn’t have
Andy, Dwayne teaches you HOW to trade yourself so it’s not a matter of just turning on a switch and letting a copier trade for you (and with respect, this isn’t what is advertised), it’s a course that teaches you how to trade so there is a learning curve. Of course you can use the copier if you wish too, as that does come with the course, but what Andy is talking about is him making his own decisions on trades and making mistakes which are all part of the learning curve.
I have used the Trade Copier for a couple of months, and it made a little under 400 pips in both.
As per Cashmaster’s reply, I have been using a Demo account whilst learning to trade the TIG method myself. It has a clear structure to it, but it is NOT mechanical, and couldn’t be, as human evaluation is required. It does require effort if you want to master it yourself, hence using a Demo account to make mistakes whilst learning. Given that Dwayne makes shed loads of pips each month, why wouldn’t you want to learn how to do it yourself?
I have some open positions and some pending positions. The pending positions may/may not be entered depending on the market dynamics
Ok fair points Re the learning
I guess what i should have said was
could you not check with the copier that your trades were triggering correctly and therefore enable adjustments/trade close
Let’s catch up regarding this today!
Due to the fact that less than 5% of Forex traders is profitable over the long run, it is not guaranteed that every student could become one of them in my opinion. What is different now from others teachers/mentors is that there is the “backup” of the trader copier to at least try to recover the cost and not throw again a 2000+ GBP course/manual in the trash bin…
To Andy N: thank you for your updates on the learning process.
The current success rate of students is 100%, the ability to earn as you learn and claim back the expense of the course is a win-win! I have crammed years of experience into this course, I have seen what it takes to win and I am happy to provide you with the secrets.
Is this strictly and end-of-day methodology is can it be used intra-day?
Whatever you like. Intra-day is fine.
Been interested for a while now.
Was just trying to do the whole ‘due diligence’ thing but I cannot find the ‘Conditions of sale’ either on the website or during the payment process?
Dwayne from TIG here, please direct any questions regarding the sales process to [email protected].