SuperFxTrade Review – Vital Information You Need to Know

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The IELTS Reading Test

Find all the basic information you need to know about the IELTS Reading test.

On this page you’ll discover:

  • The format of the test
  • Question types
  • The marking system
  • Skills assessed
  • Success strategies
  • Key reading skills
  • How to complete the answer sheet
  • Which test to choose – Academic or General

The Format of the IELTS Reading Test

Number of questions: 40

There are two versions of the Reading test – Academic and General. The difference between them is in the length and type of texts. Each has three sections.

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Usually, the first section will be the easiest and the last one the hardest.

Here is an outline of types of text for each test.

Want to watch & listen? Click on this video.

Academic Reading Texts

The 3 sections each contain one long text taken from real publications such as:

The texts will be of general interest and may contain non-verbal material such as:

A glossary will be provided if the text contains technical terms.

The texts are on academic topics of general interest and have been written for a non-specialist audience.

General Reading Texts

Section 1 – 2 or 3 short factual texts related to everyday life, e.g.

  • hotel evacuation procedure
  • series of related advertisements
  • a course outline

Section 2 – two short factual texts related to work, e.g.

Section 3 – one longer text of greater complexity, e.g. general interest texts from:

Which Version of the IELTS Reading Test Should You Take?

IELTS Academic – required by universities and professional registration bodies.

You should take the Academic test if you want to apply for a place at a university or other higher education institution in an English country or in a non-native English-speaking country where courses are taught in the English language.

IELTS Academic is also generally preferred by professional bodies in English-speaking countries and required for registration. This is particularly the case in fields such as:

  • Medicine
  • Nursing
  • Pharmacy
  • Accounting
  • Engineering
  • Law
  • Teaching

IELTS General – for people wanting to work in or emigrate to the UK, Ireland, Australia, Canada or New Zealand. It is widely accepted for:

  • Visa and employment applications

  • Education at high-school level
  • Non-academic training such as practical vocational courses

Question Types

In the IELTS Reading test, you’ll be asked a variety of different types of questions in order to test a wide range of reading skills.

Each text will have 3-4 different types of question from this list.

1) Matching headings 7) Summary completion

2) Multiple choice 8) Matching sentence endings

3) Short answer 9) Sentence completion

4) Name matching 10) Table completion

5) True, false, not given 11) Matching information to paragraphs

6) Yes, no, not given 12) Diagram labelling

Marking System

Each correct answer is awarded 1 mark.

Your score out of 40 (your ‘raw score’) is converted to the corresponding IELTS band scale level using a conversion table.

You can find out more and see the tables via this link: IELTS Band Scores

  • If you spell the answer incorrectly, you won’t get the mark.
  • If you answer with the incorrect number of words, you won’t get the mark.

Answer with the number of words stated in the instructions, e.g. ‘ NO MORE THAN TWO WORDS ’ or ‘ NO MORE THAN THREE WORDS AND/OR A NUMBER ’.

Just follow the instructions and you won’t have a problem.

Skills Assessed

The Reading test is designed to assess your ability to:

  • Read for gist (general meaning)
  • Read for main ideas
  • Read for detail
  • Understand inferences and implied meaning

  • Recognise writer’s opinions, attitudes and purpose

  • Follow the development of an argument

Success Strategies

As you can see from the list above, there are at least 12 different types of questions in the IELTS Reading test. They have different titles depending on which source you look at but I think the ones I’ve used best describe what each involves.

* The important thing to know is that they require different strategies to answer them. *

If you try to use the same skills and techniques to answer each type of question, you will easily make mistakes and lose marks and will probably run out of time to complete the test.

Time is your greatest enemy in the IELTS Reading test. Using the strategies I suggest will enable you to be highly time efficient so that you make the most of the 60 minutes you’re given to complete the test.

You’ll find the strategies on the individual pages for each of the question types as listed below.

Each page includes:

  • Description of the question type
  • Best strategy for answering the questions
  • Model texts, questions & answers
  • Common problems
  • Top tips

You’ll learn when to skim read, when to scan and when to read in detail.

There are also lots of little tricks you can use to quickly locate answers and eliminate those that are incorrect.

Click the links below to discover the strategies now.

Superman Trades Review

Superman Trades Review

Summary

Superman Trades provides a swing trading alert and education service for traders who don’t have time to be at the computer all day. Paul Scolardi is well-known for having multiple six figure swing trades. Our review will help you decide if this service is worth it for you.

About SuperTrades

Before we dive into the SuperTrades review, it’s important to know a bit about the service. Super-Trades.com is a subscription-based stock picking service specializing in trading small-cap and momentum stocks. The site is run by Paul Scolardi aka Superman. Scolardi was a certified public accountant (CPA) by trade but is now a full time trader and educator. The site provides trade alerts through their live online chatroom and text messaging service. A morning watchlist is provided for members that outlines the stocks to monitor for set-ups during the trading day. There are many compelling testimonials on the site claiming his proteges have made hundreds of thousands of dollars in profits from his alerts. He even has a student who made over $2 million and now runs his own trading alerts service. The membership information is very simple. Subscription pricing is $147/month for the SuperAlerts plan or $247/month for the SuperPro plan with discounts for prepaid annual subscriptions.

Superman Profit Chart

Superman Trading Style

The main trading style is short-term swing trading of medium to low-float small-cap stocks. Intraday scalping is also practiced daily in the chatroom, but Scolardi is more of a swing trader that administers day trading management techniques. It is also important to be aware that many of the small-cap stocks can be extremely low float in addition to low priced, which can lead to wild price swings in both directions. One has to be very careful of the pump and dump nature of the action. The thin liquidity can spike prices just at the mention of a position. This can suck in newbies to chase prices and end up biting impulsive traders. Never use market orders on these thin float stocks.

1.4m float $GRVY two and a half months dead / flatlined at $10 and then out of nowhere …….. pic.twitter.com/6MFxrHc7ur

Most of the alerts are positioned to the long side and logically so since small-caps tend to be tough to short, especially thin floats. The intraday alerts focus on momentum movers that tend to have heavier volume that day due to a new item, rumor or technical catalyst. Scolardi is a big proponent of theme-based stock picks that focus on groups of stocks that embody a specific industry, product or trend fueled by a popular theme. When he is spot on, he will get subscribers into position ahead of the public and big boys resulting in a massive profits and an influx of liquidity to take out the early buyers. Scolardi hits many of these types of trades throughout the year. However, it is worth noting that his losing picks can dry up liquidity wise causing holders to feel extra pain if they are stuck in the position. Superman does tend to pick slightly more financially sound companies, unless its based purely on a speculative theme. He will note when the fundamentals are shoddy and it is up to the trader to determine the type of allocation to take based on the increased risk of the underlying stock.

Swing Trading Education

The super-trades.com website offers plenty of training material through archived webinars and videos included in the $247/month subscription plan. This includes access to the video library and weekly video lessons in addition to research reports, IPO and Earnings reports tracker access. Superman will market a training boot camp periodically where he will mentor students, but no details on pricing are available on the site.

Profit.ly Chatroom

The chatroom is part of the Profit.ly network, which is also home to traders like Timothy Sykes. With that said, Superman is consistently a top five performer on the network which includes a handful of other widely known small-cap gurus. Superman’s chatroom is a simple text based chatroom with a members and moderators list and room for messages. The participants usually number around the 100 mark at any given time. Superman is very active in the room with his posts and seems welcoming and open to questions and feedback. The overall tone is that of a community as there are many good traders that post their ideas and positions throughout the day. You can find some good ideas in the room in addition to Superman’s picks. There doesn’t seem to be too much noise and most messages are usually updates on people’s trades. Overall, the room is focused on business and not so much chatter (similar to Investors Underground but at a smaller scale). There is actually another chatroom dedicated for off-hours and off-topic chats.

What Type of Trader is Superman Trades Best For?

This service is good for traders with small accounts under the $25k PDT rule that are looking for swing trades with pure risk capital. More seasoned traders that are familiar with low float stocks may also be interested as long they can manage the positions. Due to the risky nature of the picks, you should only be playing with risk capital that you can afford to lose. Small-caps are highly volatile and liquidity can vaporize once momentum is stifled. However, Superman has had some incredible winners. His CPA background definitely helps him analyze the financials and apply financial market metrics and accounting analytics to determine undervalued stocks ahead of the crowd. Unlike many popular gurus, Scolardi actually knows how to read financial statements and SEC filings and interpret the true sentiment behind the numbers. He is meticulous in this sense and it shows from his in-depth research reports. His forte is spotting themes almost before they become realized.

Is the Service a Good Value?

The pricing of the site is an incredible good value. The basic membership at $147/month is good for seasoned traders that don’t need the weekly lessons. However, the $247/month plan includes his premium research reports, which uncover under the radar stocks that have exploded to the upside in the past. I like how there is virtually no upsell and constantly marketing on the site. It is purely a trader’s chatroom with the focus on profits and not being pitched an endless supply of products and add-on services. That is refreshing.

Pros

  • Cheap and simple monthly plans with no upsell marketing gimmicks
  • Very strong track record of winners
  • Great chatroom community with focus on trading
  • Paul “Superman” Scolardi has a great legit reputation even among the gurus
  • Good transparency tracked on Profit.ly
  • Multi-bagger gainers are almost a norm
  • Swing trade style appeals to less hyperactive traders

Cons

  • Low float small-cap stocks can turn you into a bagholder quickly
  • Could use more formal training programs

Twitter Buzz

Up 60% on my trading account this year with a demanding full time job, thanks @super_trades for teaching us how to profit with a busy life!

Attended my first webinar as a @super_trades protege student. One of the best decisions I ever made. Very happy to be working with you Paul!

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