FAQ
Feel free to ask questions in the Comments section of each post and we will try to gather all the most Frequently Asked Questions right here - and provide some Answers.
Question: I already own the "Don`t Tell The Professionals" package. This involves positional trading and following the movements of professional money in the market. The same principle appears to be behind the Illuminati Trader. Broadly speaking, how do the two differ?
Answer: It's fair to say that Illuminati Trader is completely different from "Don't Tell The Professionals".
The key to Illuminati Trader is being able to trade volatility. We don't care about the direction of the market in advance of placing the trade. All we care about is the size of the move itself.
We do that by trading calls and puts (options) together in such a way that the pricing is cheap, yet the potential for a profitable move in either direction is high. That's where years and years of my knowledge come in to help you.
With Illuminati Trader, not only do you get 10 hours on CD-ROM with me, but you also get an entire year's free access onto my website where you can use the tools to help you find candidate trades.
Now, there's something else with Illuminati Trader that makes it even more valuable. One of the filters helps you find "flag" or consolidating chart patterns with the stocks. This alone is worth twice the price, even if you're not going to trade options.
When you have something that can find these flag patterns, it means you can trade them up and down as appropriate (it's all in one of the CDs and soon to be on the members' blog) so you can even use the application outside of earnings season and using spread betting.
Question: The sales letter says that brokers are to be used for this system. Is it possible to use spread betting companies instead?
Answer: Yes, using Illuminati-Trader to access Guy's software to locate flag patterns provides a great signal that you can use for spread betting.
Question: I'm totally new to this and have never traded. Is this right for me?
Answer: It could be an advantage. You will have no preconceived ideas and will make a better student. The video training CDs take you from the basics right through to the full Illuminati Trading system.
Question: How do I actually place my trade?
Answer: Through a broker - of which there are thousands. One quick telephone call or email is all it takes to make your trade. I will introduce you to an excellent broker firm who appreciate and understand the Illuminati Trading system - but you can use any broker if you prefer.
Question: What equipment do I need?
Answer: A decent PC and a phone line with broadband. That's it. (You could just about do this on dial-up if you don't have broadband.)
Question: How much time does it take?
Answer: 4-5 hours a month, maximum. Many days there will be nothing to do.
Question: Can I trade all year around?
Answer: Yes you can, but I prefer to wait for certain special periods which occur four times a year. During these periods the action is hot and we can make a lot more money. Just a few trades a year is all it takes. When you make a trade using the Illuminati Trader system, it's best just to sit back a few days. Take it easy. Enjoy yourself. The system is working for you.
Question: Do I have to make a lot of complicated calculations?
Answer: None at all! The 'donkey work' is done for you by special software only available to Illuminati Traders.
Question: Is this risky? Could I lose a lot of money?
Answer: Guy says, and I quote: "You absolutely can NEVER lose more than your stake on any one trade, and if you follow me then it would only ever be a maximum of around 20%. If you risk £50 - that's the very most you can lose on that trade. In practice I rarely lose more than 20% of my stake. So for a £50 stake the risk is more like £10.00. Forget anything you've heard about people losing thousands on a trade - this cannot happen as an Illuminati Trader (unless you placed tens of thousands on a single trade of course - which you wouldn't do unless you have millions in trading capital!)".
Question: Is it really possible to give up work and make a good living from this?
Answer: Absolutely yes, this is possible. I do it and so I am living proof. You no longer have to work hard, 50+ hours a week, just to make a meager wage.
Question: Is the system set up for London traded options or for New York?
Answer: There are over 2,000 optionable stocks to choose from in the US, whereas in the UK there are less than 100. So the software is naturally set up for the US traded stocks and options. Remember that the Illuminati-Trader method is not time critical. It is very relaxed and you are not glued to your screen all day, every day. So time differences between markets are not relevant as they might be for day trading. Secondly, you do not have to do any analysis of the stocks concerned either technical or fundamental. You are not bothered about whether it is on your 'local' market requiring 'local' knowledge so your physical location is not relevant to the markets you trade.
Question: The sales offer talks about free access to the online software for 12 months. What costs should I plan for after that?
Answer: The charge after the first free period will be $97/month. Naturally, after that time you are expected to be making good money and well able to pay for the service that is helping to make that happen.
Comments on FAQ »
Hi there, I have no experience of this type of thing but want to be independant & not work for anyone. With a tiny bank of £1000, how long will it take a person like me to start to make a reasonable income, by that I mean about £1500 a month ???
Kevin
That's a difficult question as there are so many variables.
In fact, on second thoughts, that's an impossible question to answer.
Let me just repeat the advantages of the Illuminati-Trader method:
1. You eliminate the most likely candidate for getting your trade wrong - i.e. having to decide a direction to a market.
2. It is a relaxed method. You can study the possible trades and enter them weeks before the critical events.
3. Your decision to trade includes consideration of your worst case maximum loss. In reality, you will know if a trade is productive or not and exit that situation long before your worst case situation arises. So your real loss on losing trades may be as little as 20-30% of the maximum loss on which you based your trading decision. So it is a very low risk method.
4. You are tapping in to a proven method using software tools which have a proven track record. Your contribution is to follow a methodical, analytical method that is delivered to you on the CD instruction element of the package. So you don't have to become an expert in any particular fundamental or technical analysis style as so many other trading methods require.
Trading is a numbers game. If you are trading large sums of money then a small percentage win will result in a large sum of money. Whereas with only a small trading fund, which of course you need to spread over a number of trades to reduce your risk, even large percentage wins may still only result in relatively small sums of money.
So my response has really to be that you are asking the wrong question. The question should be whether this is a trading method that suits your circumstances. As a beginner, reduced risk and the time to think and analyse your proposed trades are truly valuable as is the ability to exit in a calm manner and not in an adrenaline fuelled panic.
However, you will not make a fortune, even a small one, by doing nothing.
Whichever trading method you choose you need to make a start, choose a mentor with an established method and start to learn, to practice and to paper trade before you risk real money. Only when you are confident that your statistics show that you are trading in such a way that if it were real you would be making a profit. Then do it for real.
Fortunately, Illuminati-Trader method consumes very little time and you can accomplish everything you need to do without having any effect on the rest of the commitments in your life. So I would suggest that you continue to do whatever you are doing to support yourself at present, develop your trading skills until the day arrives when you are making that £1,500 per month target and then tell your boss where he can put his job.
IS there an email address where I can contact you on so I can discuss aspects of the course in more detail. Please email me so that I may get in touch with you.
Cheers
Andy
Andy
You can reach us any time through any of the methods shown in the Contact page - available through the link at the bottom of every page.
Regards
I was wondering is there an ideal minimum initial capital that you would recommend to start off with when using your system? I'm wondering as to whether someone needs £1k or £10k to start off with.
thanks
Joe
Joe
There is no ideal minimum capital with which to start any sort of trading. While Illuminiat-Trader has all the advantages you can read about on the sales page and slightly more objectively, I hope, in the review, it is still financial trading and carries risks - although substantially lower in our opinion than other forms of trading.
All trading mentors will advise you never to put more than a percentage of your funds on any one trade and I have heard this vary from 1% to 10%. This is so that if you get a single trade wrong for any reason at all you are not out of the game. For example, trading 10% of your fund you would need to be wrong 10 consecutive times before you were out of the game with no money.
If you have read the review you will know that Illuminati-Trader enables you to trade without being concerned about which direction the market moves in. But it does depend on a stock price moving in either direction with sufficient volatility to create a profit. If it does not do so then you will know very within a day or so that it is not going to do so and you can dispose of your options well before the expiration date so that they do not suffer time decay loss of value and you can exit with a loss only 20-30% of what you might otherwise experience.
However, it is still possible that you might have a string of trades that are not profitable and, as Guy puts it; "..you may have to kiss a few frogs before you find your prince". So working on the basis that the minimum contract is 100 shares and experience indicates a recommended share price is around $40 and the option will cost you about 10% of that then a trade is going to cost you about $400 x 10 trades would indicate that it would be wise to have some $4,000 or £2,000 available.
As with all trading, despite it's obvious potential profits it is strongly recommended not to trade with money you cannot afford to lose.
Edited: July 08
With the current state of the options markets many customers have followed Guy's advice and moved to using the software to easily find profitable flag trading patterns. As it is no longer necessary to buy options contracts then it is perfectly feasible to start with a smaller trading fund.