This is a step by step example of an actual trade taken and issued on Thursday 8th May 2008.  The example below is for a trade placed with Betonmarkets.  Betsfortraders although quite different (in terms of the user interface) is just as simple to use and place a trade.

Following my morning analysis I identified a low risk / high probability trade for the EUR/CHF, set the no-touch level at 1.6364 and the duration at 7 days.  I then checked the percentage being offered by Betonmarkets and was offered a 36% return, the best available in the market at the time.

Immediately after placing the trade on my own accounts (just before 08:00 UK Local Time) I issued the following signal to my customers.  This is the email version, the SMS version is in exactly the same format.  Note, the code "BOM" (trade placed with BetOnMarkets) is used here, if the trade was placed with BetsForTraders the code would be "BFT".

To place the trade the "No Touch" trading option within BetOnMarkets is selected and the details from the signal are entered as follows.  IMPORTANT: The Forex tab must be selected.  This is the actual screen shot of the trade I placed.  It is clear to notice that the signal is very easy to interpret and subsequently trade with.  Please see the note on Trade sizing below.

After entering the trade details and then selecting "Calculate Cost of this bet", on the same screen the "% return" currently being offered is displayed.  This will hopefully be the same as or better than the % specified in the signal.  In this case, because this is the actual trade I placed, it's exactly the same.

The results of the above trade can be found on the Performance '08 page.

A Note On Trade Sizing

Not everyone trades the same account size.  Many of the times not only will account sizes vary but so will the odds available for each trade.  When a signal is sent there is no guarantee, as markets move, that the odds currently available will be exactly the same as the odds in the signal.

For this reason I created the BOM Signals Fixed Odds Trade Sizer.  If you would like a copy of this please send an email with "TRADE SIZER" in the heading to signup@bomsignals.com after you have signed up.  It is FREE and yours keep.

After receiving a signal the BOM Signals Fixed Odds Trade Sizer can be used to determine the exact trade size you should use based on your own account size, risk exposure and currently available odds.

This may look tricky to begin with but in reality it is very straight forward to use and is ideal for maintaining discipline and for record keeping.  The first box (Signal Details) is in the same format and layout as the Trade signal, the purpose of this box is to simply record the details sent in the signal.

After filling in the Account size, Risk profile and %Available (set to the same as the signal to start with) it's then a case of finding out what percentage is currently available with the Fixed Odds broker.  When that percentage is transposed into the "%Available" value the Actual Size, Cost and % Of A/c are automatically calculated.  This Actual size can then be used as the "I wish to win" value when placing the trade.  This should ensure that in the event of a loss it is no greater than the Risk profile specified based on the Account size.

After completing my trade entry I always print a copy of the BOM Signals Trade Sizer for my records and to also make any notes on.