FIXED ODDS SERVICES - (Set Times)

WHAT IT SAYS ON THE WEBSITE

Website : Fixed Odds Services Website
Publisher : Vernon Lees & Jon McFarlane
Cost : FREE 100% Club Service & Other Paid Services
Review Date : October 2009

Fixed Odds Services Limited is a new company and is based on the coming together of two previous Fixed Odds signal services, Fixed Odds Investment (operated by Vernon Lees) and BOM Signals (operated by Jon McFarlane). “The core intention of the service is to be the premier resource for Financial Fixed Odds traders”.

There are a number of services on offer on the new website, the main focus seemingly the Fixed Odds signal services which provide “access to our trades, which we trade on our own accounts”. On offer are the 100% Club (free) signal service, the Premium trader (signal) service (from ?95/quarter to ?299/year), an eBook and a Consultancy service. All services are mainly Forex focused.

Key features include “Instant notification, as soon as we place our trades on our own accounts”, “no previous trading experience required”, “Crystal clear signals, less than 1 minute to execute”, “100% Set & Forget, no chart watching”, “Signals sent at sociable hours (08:00 - 09:00 and 18:00 - 19:00 UK local time)” with an “opportunity for a second income or to compound for growth”.

The 100% Club, is a free Fixed Odds signal service with an “aggressive approach (for income)”. A signal is issued (most) days and is delivered by email, the return for each trade is, as the name suggests, 100%. “The aim of the service is to have more winners than losers each month”, so with a 5% risk per trade the target is to make “a return of at least 5% each month”.

The Premium Trader Service is a subscription based Fixed Odds signal service, it is a more strategic service and is focussed on “long term growth”. Signals are delivered by email and SMS. The service is based on “a number of proven technical strategies” and each trade is validated “technically and fundamentally”. Signals come with two risk profiles, Low risk (15-29% returns) and Medium risk (30-50% returns). The service also includes 100% Club signals by SMS, customised Correlation tables (issued at the beginning of each week) and a Daily value sheet (identifying where the best Fixed Odds value is to be had across all Forex pairs for that trading day).

The eBook (Profit From Forex With Fixed Odds) is a complete guide to Fixed Odds Financial trading. The book covers many aspects on the subject of Fixed Odds including Fundamentals, Technical analysis, Money/Risk management, Bet types and “two of our easy to follow and profitable strategies that we ourselves use”. The price of the eBook is ?85, Chapter 9, Bet Types In Detail, is available as a free download.

The consultancy service, starting at ?595 per day, is based on one of the guys at Fixed Odds Services coming to spend the day with you. It includes a copy of the eBook, setting up your charts, going through their daily trading routine, walking through their eBook and proven strategies, showing how to find value and answering any questions you have in the comfort of your own home.

The website has a good FAQ section as well as a page on the subject of Fixed Odds which includes a definition of the basic Bet types (No Touch & One Touch) and a trade example.

The website (as we write this review) has no performance figures yet but there are links to the respectable performance figures for Fixed Odds Investment and BOM Signals for 2008 and 2009.

THE SERVICE

As this is a new service we have only had exposure for a month, the month of October.

Signals arrived as promised, between the hours of 08:00 & 09:00 and 18:00 & 19:00 (UK local time) although there was one exception, which arrived at around 19:15.

As with most Fixed Odds services, the signals are very clear and placement is quick and simple. All trades are Set & Forget.

During the period, we received 14 signals for the Free 100% Club service. Of these 6 were winners and 7 were losers so we ended up down a net 5% for the month. Not a great start but the one open trade looks almost certain to finish as a winning trade so we will start November with an advantage.

We also received 3 Low risk trades and 4 Medium risk trades. There was one losing Low risk and one losing Medium risk trade out of these. So it means the Low risk account is running at a loss of some 3% and the Medium risk account is showing a profit of around 1%.

As mentioned on the Fixed Odds Services website, we risked 5% of our account on each trade.

We found the Correlation tables, provided on a weekly basis of good value, all of us trading in the Forex market across different currencies should be more aware of these. The Daily value sheets were not of much interest to us as we were mainly following signals and not using our account for other trading. The Daily value sheets basically reflect where Fixed Odds Services believe BetOnMarkets are currently offering best value. For example, USD/JPY may be showing ‘A+’ for a No Touch bet and USD/CAD may be showing ‘B’, meaning that one should favour the USD/JPY bet more than the USD/CAD.

One final note on the eBook, which we were given free of charge for review purposes. It is in our opinion the best Financial Fixed Odds book we have ever read. There is plenty in there on fundamentals, technicals and strategies that should satisfy beginners and those with more experience of Fixed Odds.

CAN IT WORK

Trading the services really is simple, the signals are crystal clear and easy to execute. The signals are also delivered at set times and they are pure Set & Forget.

The 100% Club (the Free service) is, as stated on the Fixed Odds Services website (and we tend to agree), an aggressive strategy. Trying to take on and beat the broker on the 50/50 bet is a bold move. This was reflected in the month of October with 7 winners and 6 losers. We traded this service with much smaller stakes than those under the Premium Service due to this risk. A carry over from the old BOM Signals services, performance really needs to improve to those levels last seen in 2008 to warrant the risk.

The Premium Trader Service. As mentioned above, for October, the Low risk account is down around 3% and the Medium risk up slightly. It’s not a great start but Fixed Odds Services did issue a quite lengthy explanation (excuse!) for the one losing Low and Medium risk trade, which made sense to us.

That aside, the previous performance records for BOM Signals and Fixed Odds Investment are quite respectable. If the coming together of these two means that performance can be matched if not bettered the Premium Trader Service may well be worth the subscription fee.

SUPPORT

Our experience with support was excellent, most queries answered within a few hours, all, within 24 hours.

CONCLUSION

PRO's
• Open and honest service, one of them is even Free!
• Signals are at set times and are crystal clear, concise and take less than a minute to enter, pure Set & Forget.
• Past performances of the previous services (BOM Signals and Fixed Odds Investment) were respectable.

CON's
• We would say that the 100% Club is only for those with an appetite for risk.
• Little performance history (of the merged and newly launched Premium Trader Service).


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ReviewTeam - www.systemsfortraders.com