iMarketsLive Review AKA IML Review

29 Pages·2017·1.5 MB·English

The Definitive 2018 iMarketsLive Review
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The Definitive 2018 iMarketsLive Review
AKA IML Review
The big idea with iMarketsLive is this: Professional traders can trade
your brokerage account for you and get significantly higher returns
over time than
a) if you were doing it yourself and
b) your current investment plan
As you read this review, consider where your own investment are. Do
you have 401Ks (or RRSPs)? Do you have Certificates of Deposit or
money sitting in a savings account earning a tiny amount of interest
annually?
There are alternatives. And this is one of the things you might want
to consider.
(Just for sake of context, I have traded my own portfolio before. In
2008, I took a year off of my internet marketing business to learn the
art of investing in stocks. So I have experience in buying and selling
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stocks, and shorting stocks. I'd be happy to answer any specific
questions you have that are related to trading or your own portfolio. I
love talking about this stuff!)
[This review has been updated since it was originally written as
iMarketsLive has made some changes and added several products to
their company.]

So, what is iMarketsLive?
iMarketsLive is a 4-year old debt-free company founded in 2013 that
has started to catch momentum in 2016.
They are in over 120 countries currently, and are reportedly working
on a deal with China. The entire corporate team has over 100+ years
of corporate experience.
It is essentially a suite of products and services that allow you to
compound your income faster and more reliably using the FOREX
markets and professional traders. (FOREX has the added distinction
of being a leveraged instrument.)
iMarketsLive was founded by a professional trader, Christopher Terry.
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The Definitive 2018 iMarketsLive Review

The iMarketsLive Founder… Christopher Terry!
Christopher Terry has the friendly bark of somebody who has spent
years in the financial industry in New York and Chicago. What I like
about Christopher Terry is that he is so committed to the IML
community. He doesn't need the money. He has already mastered
the art of growing and compounding money for himself – and has
managed accounts with over $50 million dollars in funds.
Based on my impression of Christopher Terry, he seems like a jovial
workaholic who loves trading and loves sharing his love of trading.
I think his main motivation is really (and this might sound corny, but
it's true) helping average people win in the FOREX market. And he is
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The Definitive 2018 iMarketsLive Review
spending his time in the trenches – helping ANYONE who attends the
iMarketsLive Live Trading Room Sessions (IML TV). You can tell he
feeds off the success people are having and he loves that. And his
motivation to really help the average person win financially fit very in-
line with my own personal vision, which is one of the reasons why IML
is such a compelling opportunity for me. (Just scroll up and read the
tagline on my blog!)
Can you trust Chris Terry?
He has been a featured speaker at NYC and Las Vegas Traders
Expo's. He has been a weekly contributor to Moneyshow.com. And
he has been published in various books and periodicals in the trading
industry.
To delve more into Christopher Terry, you can read his interview here.
You can also watch Troy Dooly interview Christopher Terry on
YouTube:
But Christopher Terry is not perfect. What I don't like about
Christopher Terry is that he does not think like a business owner. He
also likes to surround himself with young people (read: hip
millennials) and can be influenced by them a little too much.
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The Definitive 2018 iMarketsLive Review
So what do I mean by that? Well, he doesn't think strategically as
much as he could.
The Big Problem With Chris Terry As iMarketsLive
Owner
For example, he had one trader, Nader “The Pip Master” go rogue and
deviate from the guidelines he was supposed to trade under. He
basically refused to enter a stoploss and let the market move against
him, drawing down everyone's account significantly that was attached
to him. Not good. After he was fired and removed from the mirror
trading options, Christopher Terry added a couple things.
ONE – After Nader, iMarketsLive added that you can set a maximum
drawdown amount, so if hit, you will exit your trades automatically.
This is an excellent thing – as risk management is the one thing new
traders don't recognize the value of.
TWO – After Nader, iMarketsLive started to follow the open trades of
traders to make sure they were not “going rogue.”
Both of those are key improvements to the iMarketsLive suite. But
both of those should have been implemented earlier on by a
“business-minded” owner in my opinion.
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The Definitive 2018 iMarketsLive Review
Another example is that announcements often feel “last-minute,” for
example you will get an email that the Harmonic Scanner is going
offline for maintenance without warning. Now I understand that these
products might need to tweaks and updates, but the weakest link of
iMarketsLive is these sorts of business decisions.

The iMarketsLive Products:
There are 7 products in iMarketsLive (up from 5).
I will take some time discussing all of them.
The cool thing about it there is a variety of hands on and hands off
products. Meaning, if you want to look at charts and learn the art of
FOREX trading, you're in luck. And if you don't want to look at charts
and don't want to manage trades (or don't have the time to manage
trades) you're in luck too! Keep in mind that since you're probably in
one camp or the other, some of the products will have less interest for
you. You will not be using all of the iMarketsLive products at the
same time.
The one that commanded my attention at first was the mirror trader.

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Product #1: iMarketsLive Mirror Trader
You can see the currently there are 5 different mirror traders. Each
with a different style and risk tolerance. And amazingly you can see
the documented results of EVERY trade at FXSIGNALSLIVE.com
Now, currently, all of the traders except for Steady Freddie have lost
at least one trade. But all are extremely profitable. Just look at this
image:
You can see the Pips and growth for each trader and the # of weeks
they have been trading.
These range from 37.58% gain over 29 weeks (about 6 months) up to
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The Definitive 2018 iMarketsLive Review
157.24% gains over 48 weeks (about 11 months.) As you can see, all
are profitable and have a graph that points to increased profits.
You can see ALL closed trades from any of the master traders on the
FX Signals Live website. So you can see past history and how they
perform over time. This is very important in terms of being able to
prove that these traders are very, very profitable.
Disclaimer: Past performance is no guarantee of future results. Your
own results may vary, and you are responsible for making your own
financial decisions.
You can actually go to the site and see ALL of their trades and a huge
number of statistics. There is also an income projection calculator.
This is one for “Crosses Pairs and Pips:”
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The Definitive 2018 iMarketsLive Review
Now this mirror trader thing needs a bit of explanation. Firstly, you
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The Definitive 2018 iMarketsLive Review
set up your own FOREX account at your FOREX broker. There is no
connection between IML and your broker. You are in charge of your
own FOREX account. IML does not endorse or recommend any
specific broker and they do not get kickbacks.
Which Brokers Can I Use With iMarketsLive?
Personally, I have multiple broker accounts open, as I like to keep my
trades separate so I can easily know the performance of each trader
and service I am using.
Currently I have an account with:
FX Choice
TradersWay
Capital City Markets
(FX Choice gives you a a bonus of 15% above your deposit that is
actually withdrawable after a certain number of trades have been
done through your account. You also therefore have a slightly larger
trading account as I recommend you only start the Mirror Traders if
you have close to a minimum of $1000.) There are several other
brokers you can use, and I'm happy to discuss these with you if you
have questions.
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