06. What specific services are offered by Trading Lounge?
Primarily Trading Lounge is a financial services business providing research and educational sharemarket and derivative comment. Several times a week we publish our opinions/advice on securities and derivatives, such as CFDs, to Members through the TradingLevels® Members Area on our website. Additionally, we may also provide opinions and advice during our presentations to the general public and to the financial press. Trading Lounge strives to deliver high quality securities and derivatives financial markets research using predominantly technical analysis (also known as “charting”) or other like tools and fundamental analysis. TradingLounge™ Members will receive regular (likely to be daily) charts (with accompanying commentaries) of watched stocks and derivatives. From time to time the service may provide additional information about the financial markets both in Australia and overseas. An ‘invitation to join’ email maybe sent out to potential clients who have given us permission to hold their email on our database. The email introduces the Member services and invites the recipient to join. The TradingLounge Member fee is paid in advance.
07. Are there risks involved?
As with any investment opportunity there is a risk of making losses on investments that TradingLounge™ expresses opinions on. Historical results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment. Trading Lounge uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss. This information is of a general nature only so you should seek advice from your broker or other investment advisors as appropriate before taking any action. The decision to trade and the method of trading is for the reader alone to decide. As such you should not act on any advice, information or data without first obtaining specific advice from your own personal advisor to ensure it is appropriate to your particular circumstances. Reliance on such advice, information or data is at your own risk.
08. How does Trading Levels Pty Ltd and TradingLounge™ get paid?
Trading Levels Pty Ltd is paid a licence fee by its authorised represenative (Mirabile Vincere Pty Ltd as trustee for the Mathers Grace Trading Trust trading as) TradingLounge™. TradingLounge™’s primary service, TradingLounge™ Membership is a web site published report and Members pay an Annual (USD$670 plus GST), 3Monthly fee (US$200 inc GST) or 20 Day Trial fee (USD$1 inc GST) active from the date of payment cleared. Members have password-cleared access to our Member pages to see our technical analysis, commentary and trading recommendations on a daily basis The fee includes up to 4 weeks annual leave when some reports, charts and signals may not be updated. Wholesale client’s fees for any TradingLounge™ technical analysis reports are negotiated between TradingLounge™ and each client. Fees may include access to our online Members pages and may include more detailed commentary. The fees include up to 4 weeks annual leave when some reports, charts and signals may not be updated. Non-members and Members seminars are occasionally held and the fees for these range from $90 to $3300 depending on the type of seminar. We sell trading and investment books and software. We sell trading education services and these fees vary depending on the service required.
09. What commission is received?
Neither Trading Levels Pty Ltd nor its authorised representative (Mirabile Vincere Pty Ltd as trustee for the Mathers Grace Trading Trust trading as) TradingLounge™, receive any commission, or other fees and benefits in relation to the general advice, services or products as outlined in this FSG; nor from any of the companies whose stocks are recommended as suitable for investors or traders.
10. How are employees and other representatives of TradingLounge™ remunerated?
All employees of TradingLounge™ receive a salary (hourly rates for contractors). They may also receive performance-based bonuses which are based on profitability, the number of subscribers and subscription renewal rates. Employees (including contractors and other representatives of TradingLounge™) are not entitled to any other fees, commissions or benefits from TradingLounge™ or any other person in relation to the financial services provided. TradingLounge™ and related body corporates may from time to time, have associations and relationships with other financial service providers and as a result may be entitled to remuneration.