In this update we'll discuss SONAR FOREX signals delivered from Mr. J. While Mr. J is monitoring many inter-bank forex pairs his focus is mostly on the Euro currency vs. the US Dollar, the Canadian Dollar vs. the US Dollar, the British Pound vs. the US Dollar and the Euro currency vs. the Japanese Yen.

Each of these Forex pairs are available using CME currency futures contracts, or can be traded in the inter-bank Forex markets. In the futures market and the inter-bank Forex markets there are two types of contracts suitable for smaller retail traders.

The 'Mini' contracts, which are 1/10^th the size of a full inter-bank contracts of $1 million (US), or the 'Micro' contracts which are 1/100^th the size of the full contract.

A 'Micro' contract on the British Pound (US) is worth $.625 per tick or 'PIP'. A 'Mini' contract on the British Pound (US) is worth $6.25 per tick or pip. ( WATCH THOSE DECIMAL POINTS). The smaller contract size allows smaller retail traders an opportunity to participate in the largest market on the board. We'll have further discussions on the contracts suitable for smaller traders following MR.J's SONAR ALERTS.

Mr. J trades a small 'portfolio' of Forex contracts wherein he may be long, or short one or up to four currency pairs at a time. His 'PORTFOLIO' strategy produces impressive gains month to month, but you need a decent sized margin account ($15,000.00) to trade 'Mini' contracts for his four markets.  

On the other hand, for smaller gains, you can trade the 'Micro' contracts for substantially less margin. We suggest that you track Mr. J's portfolio calls over the next two weeks during our trial and then decide what type of trading account (MINI or MICRO) would be suitable for you.  

Please check with your broker for contract size, margin and risk component. We suggest using futures contracts as opposed the Forex Inter-Bank contracts as the cost is better and there is more transparency on fills and so forth.

Please remember that Mr. J's SONAR ALERTS are only opinions and not recommendations to buy or sell.

The same is true with all SONAR TRADE ALERTS we provide. The SONAR 'TRADE ALERTS' are timing signals based upon various market conditions that are distributed as educational information and are not intended for actual trade recommendations.

Should you elect to trade off these signals please be advised that all of our content  is distributed for the sole purpose of educating individuals on the price dynamic of various markets. We provide a medium for training people interested in learning how to trade various security instruments and

No comments or trade alerts distributed should be considered to be Buy or Sell recommendations.

Should you decide to use these signals for trading your own capital please be advised that;

1)      We definitely do not recommend that ...  and

2)      You do so at your own risk. There is great risk in trading futures contracts and other securities.

Please take time to thoroughly review all risk disclosure documents before participating in our free trial.

We look forward to seeing you in our chat room tomorrow morning at 9:30 AM. If you have signed on for our free trial you'll receive a PDF with Ms. L's price points before the US open. Please check your e-mail after 9:00 AM Eastern time. Mr. J's signals will be hitting SONAR between 4:00 AM EST through 11:00 AM EST.

HEY ... LET'S MAKE IT REAL! FASTEN YOUR SEAT BELTS AND AWAY WE GO!  

Regards,

WDH 

THE COMMODITY FUTURES TRADING COMMISSION. ( C.F.T.C.) This brief statement does not disclose all of the risks and other significant aspects of trading in futures and options. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts ( and contractual relationships ) into which you are entering and the extent of your exposure to risk. Trading in futures and options is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances. Some of the examples used are hypothetical. Hypothetical trading results have many inherent limitations and may not reflect actual results since they are done with the benefit of hindsight and do not accurately reflect market conditions and the traders emotional level while under the stress of trading. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.