Please read this entire page. It will help prepare you for the trade room and save you a lot of frustration.
TIPS AND LINKS FOR THE ROOM
Trade Session - Open of the U.S. session from 8 AM EST through 11 AM EST.
(SESSIONS MAY VARY DEPENDING ON MARKET CONDITIONS AND ECONOMIC REPORTS)
IMPORTANT NOTICE: The main goal for this professional trader is to trade his accounts. The times he trades and the schedule will be based around his trading. During the trading session and depending on market conditions, the trader may enable the chat function.
THE FOCUS FOR THE ROOM IS FOR TRADING, THIS ROOM IS NOT A TRADE MENTORING
ROOM. PLEASE VISIT OUR SITE FOR TRAINING AND MENTORING. WWW.COMPASSFX.COM
QUESTIONS AND ANSWERS: At times, the chat function and the room are privatized. At those times, questions and comments may only be seen by moderators. At other times, the chat function will be enabled allowing participants to view all the questions and comments.
PLEASE RESPECT THE TRADER BY NOT SENDING QUESTIONS WHILE HE IS IN ACTIVE TRADES
TRADES - Entries, stops and trade targets will be given. *During fast markets
some trades may be to fast to post. It is important to listen closely to the trade
commentary and the market conditions as he calls them out.
PLEASE NOTE: Please be mindful of the trader, it is not reasonable to expect a trader who is actively trading to be continually asked to repeat trades and commentary because a viewer was not logged in or not attentive
at that moment. His focus is managing open positions. He will update throughout the trade but it is the viewers responsibility to pay close attention and be attentive.
Risk Management - Follow along on a demo account to become familiar with his trade style, flow of his trades, and his money management to assess your own risk management as well as solid money management.
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TRADE JARGON USED IN ROOM
Market Is Bid - Long / Buy conditions
Market Is Offered - Short / Sell conditions
Buy / Sell Zone - Price levels for "POTENTIAL" trades
MARKET THEME - Looking to find the "theme" for the session, dollar weakness /strength etc.
BASKET TRADES - When the market is having a specific pair that is gaining or losing across the board against multiple currencies. May call out multiple pairs or say for example: "Yen weakness across the board".
IMPORTANT NOTICE: Make sure to understand what Yen weakness or whatever pair is being called means so you trade the correct pairs and in the correct direction. (Yen weakness would mean the Yen is losing against the market, you would buy USD/JPY, EUR/JPY, GPY/JPY etc...)
SCALING OUT - Closing partials lots as the trade moves.
DEFAULT STOP - A 50 PIP DEFAULT STOP is automatically placed when a trade is opened, the emergency stop for his risk. Will adjust stops once he is in the open trade.
TRADE INDICATORS & METHODOLOGY - The trader primarily uses Advanced Synergy. From time to time, proprietary undisclosed strategies are used. Also, the trader uses multiple time frames and multiple settings depending on market conditions and the time of day.
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MARKET ANALYSIS - The weekly Market Analysis Blog is located in the Document Folder in the Trade Room. trade room and also on the ACCESS pages to the Live Trade Room:
http://www.compassfx.com/forexsignals
RESOURCES & LINKS - Check the Documents Folder inside the Trade Room in the bottom right hand corner.
DEMO ACCOUNTS - Please visit: http://www.compassfx.com/compassfx/open_account.htm
LIVE ACCOUNTS - We encourage you to speak with one of our Trade Specialists to help you select the clearing firm that best fits your trading needs.
You can send an email to support@compassfx.com or call 972-680-8080 as well as LIVE CHAT on
http://www.compassfx.com
For any support questions send an email to support@compassfx.com
Call our office during business hours 972-680-8080 or use LIVE CHAT on http://www.compassfx.com
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TRADE ROOM TECHNOLOGY
OMNOVIA - The LIVE Trade Room is hosted by the technology of Omnovia. If you
experience technical difficulties inside the room, Omnovia has a GREEN HELP BUTTON at the
top of the page to troubleshoot most problems.
(Audio quick fix solution, log out and back in if you are experiencing audio
difficulty and the rest of the room is not. Generally this will correct the problem.
To see the full screen the trading is projecting select "FIT TO SCREEN" at the
top of the application screen. You can also collapse the sidebar with a small grey arrow
about midway down the left side of the side screen and collapse the chat area with a small
grey arrow about the middle of the chat box next to the slider.
Audio - Adjust the audio with the speaker on the bottom left corner of the
application.
If you have tried the above suggestions, visit http://www.omnovia.com for support. They have
LIVE CHAT during normal hours and a support ticket system as well http://support.omnovia.com
WE APPRECIATE THE OPPORTUNITY TO HAVE YOU ACCESS OUR ROOM, WE WELCOME YOUR
FEEDBACK AND COMMENTS. SUPPORT@COMPASSFX.COM
Please read all the disclaimers and risks below.
Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation. CompassFX is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. CompassFX has taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice.
*Disclaimer: We receive a volume based referral fee for our services. Trading in the off-exchange Foreign Exchange market (FX, Forex) is very speculative in nature, involves considerable risk and is not appropriate for all investors. Therefore, before deciding to participate in off-exchange Foreign Exchange trading, you should carefully consider your investment objectives, level of experience and risk appetite. Investors should only use risk capital when trading forex because there is always the risk of substantial loss. Most importantly, do not invest money you cannot afford to lose. Any mention of past performance is not indicative of future results. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.
Commodity Futures Trading Commission: Futures, Options and foreign currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN