5 Pitfalls To. Avoid For. Sucessful
|
|
- Buddy Pearson
- 8 years ago
- Views:
Transcription
1 5 Pitfalls To Avoid For Sucessful Forex Trading
2 Contents Page Legal and Copyright 3 Introduction To The 5 pitfalls 4 Pitfall 1- Unlimited Losses 6 Pitfall 2-Forex Brokers Closing Our Accounts 8 Pitfall 3-Unprofitable Trading Systems 10 Pitfall 4-Small Profits 12 Pitfall 5-Emotional Trading 14
3 Legal and Copyright 2012 by Dean Watt, All Rights Reserved worldwide under the Berne Convention. May not be copied or distributed without prior written permission. All information provided in this ebook is for your information only. You are responsible for your own trading activity and I take no responsibility for any financial gains or losses that you incur.
4 Introduction to the 5 pitfalls Many people start trading forex to earn lots of money. This money has the potential to grow so large that they can achieve financial freedom. This combined with working for themselves is a draw for many. This dream of freedom is a powerful one and this inspires many to start trading forex. Armed with little knowledge and lots of enthusiasm would be traders rush to open there trading accounts. Currencies pairs are chosen and time frames selected. The patterns on the screen are trying to tell us something but... what? The market keeps on ticking up and down, up and down. It feels like a living breathing animal as we try to understand its movement. We buy. Our trading account starts to move with the flow of the market. First we are elated as we start to make profits. Suddenly despair as our account starts to drop. 10, 20, 50 into the red. The faster the market moves the more emotions we feel, falling, falling, falling into the red... How can we get out of this mess? Thankfully the market turns... hopefully we can get out of this trade without losing too much. 40, 30, 20 our brain screams to close the trade to avoid a bigger loss. Another part of pushes us to keep going as we believe we can make some money. We are trading... we never know which way the trade will go. Sometimes we win others we lose. Despite this emotional roller coaster we always want open another trade. The lure of the market keeps drawing us in. This time we will make some money. Over and over again we trade. Soon we notice that the money in our accounts are dropping. A little at first, then the slow, slow decline... until our accounts are empty. This is our struggle when we learn to trade. We have followed the trading guides. We've looked for pendants, flags and triangles. These are patterns in discipline called technical analysis also known as chart-ism. Charts are used by technical analysts to read the market
5 The market is made up of humans and we are emotional beings. These emotions show up as patterns on the charts. Technical analysts believe these patterns are as repeatable as our emotions are. By identifying these patterns a chartist tries to predict the markets next move. Maybe we have used moving averages, MACD and stochastic indicators. These indicators are used with charts to show when the market is overbought and oversold. An indicator can also tell us when to open and close our trades. Despite using these indicators we have still lost money. Why do we keep losing money? What have we done wrong? This is what this ebook is all about. I want to share with you the 5 unknown pitfalls, and offer my thoughts on how we can use this to help deepen our understanding of trading...
6 Pitfall 1 - Unlimited Losses We all see the warnings from our forex broker that trading is risky. We should only trade with money that and we can afford to lose and we don't know what this means. The notion of risk is often misunderstood; we think that the money in our trading account is all we can lose. Despite this being a substantial risk to us. This is not the risk our forex brokers are telling us about. Our forex broker's are offering us a leveraged product. This means that we are borrowing money from our broker to open our trades. When a trade really goes against us we can incur a massive loss. Every time we open a trade we have the potential to increase or decrease our accounts. This happens every time the market moves even a pip. (A pip is the fourth decimal place on our broker price charts.) The more the market moves the greater the potential for us to win or lose money. Let s say we have a trading account of $5,000 and we have opened 2 trades. Each of these trades is opened with our forex broker for 1 standard lot (100,000 units of currency) and we are currently trading at $10 for every pip moved. When we open our trade our forex brokers must be paid a deposit. This is so we can have access the credit the broker is offering (leverage). Let s say we need to deposit $1,000 to open this trade. This leaves us only $4,000 to manage our open trades. This figure of $1,000 deposit would depend on our lot size and the size of the broker leverage used. When the market moves 100 pips at $10 a pip our account would either be $6,000 or $2, pips x $10 a pip x 2 trades open = $2,000 profit or loss. A 100 pip movement is an average move in the forex market each day. This is how fast money can be won or lost in forex.
7 Example We want to trade an interest rate decision by a central bank. The interest rates have continued to climb for 40 months in a row, the currency pair we wish to trade continues to rise. This is because everyone is putting money into the trade creating a trend. We believe that this trend will continue so we open 2 trades to capture this movement. We open each trade for 1 standard lot (100,000 units of currency) and each pip moved equals $10. A surprise rise in interest rates causes the market to drop. The smart money is leaving the trade. As the trade turns the speculators are now driving the market and are selling the trade. The market starts to drop...100, 150, 200 pips. This is a very small drop in the market but our account has been wiped out...we have lost $4,000 in minutes. At this point our forex broker will shut down our account. This is called a margin call. However if the market is moving quickly they may not be able to close our trades when our account balance reaches zero. If the market had moved 4 pips between the order to close our account and the execution of this order. We would owe our forex broker $40... Not much we may think... NOW imagine if the execution order fails and our trades remain open. Now our potential for loss (and liability) becomes unlimited. If the market continues its reversal we will keep on losing money. A simple use of a stop loss (an order given to our brokers to close our trade at a set level in the market) is all that is needed to stop this risk. This happens because we have set a point where we know our trade should have been closed. If the execution order failed we would be able to show the broker where our trade would have been closed. This is like insurance which protects us from unlimited losses. Without using a stop loss we have no such insurance. In my 15 Minute Forex Formula I not only use stop losses for all of our signal providers. I tell you exactly where to set them. Now you don't need to guess your stop losses. I give them to you.
8 Pitfall 2 Forex Broker Closing Our Accounts When we trade forex we have to open a trading account. In this account we deposit our trading funds. The amount of these funds dictates how big we can trade and how often. By misunderstanding the lot size and the frequency we trade causes our second pitfall. Having your account closed by your forex broker. Why can your forex broker close your account? Forex is traded in units of currency and 1 standard lot it is 100,000 units. For a retail trader that has no leverage it would take over $100,000's to open 1 trade of 1 standard lot, with $100,000 just for the deposit. This makes it nearly impossible for a small retail trader to trade the forex market. So forex brokers offer account leverage to their retail traders. This can be as low as 1:1 or as high as 500:1 and it is this leverage that allows a retail trader to trade forex. Leverage multiplies the money in our accounts by the amount of leverage taken. So 500:1 will mean we can control 500 times the amount of money in our trading account. With leverage we are effectively multiplying our money and this can be either good or bad. Used correctly leverage will make us more profits for less investment risk. Used incorrectly it can close our trading accounts. Our biggest risk is when we open trades that are too big for our account. This means small changes in the market will wipe us out. We simply don't have the number of trades in our account to ensure our survival. When we do this we are over trading... This happens when we are risking too much money per pip. If we lower the cost per pip we can extend the number trades that we have in our accounts. This then gives us the breathing space to for our system to earn money. Over trading also happens when we have too many trades open at the same time. When we combine this with over-trading we will lose money. It is only a matter of time before a margin call happens and our trading accounts are closed. When we trade large lot sizes and open too many trades we mistakenly believe that we will earn money quickly. If we open lots of trades we could earn a 200% return
9 every month. We hope we can turn a $500 account in $10,000's We do this because we all subconsciously know that to make money we must have money to start with. We know that a reasonable return on a reasonable amount of money would be all we would need to become rich. However in our rush to earn the money needed to make us rich we take too many risks. So instead of money pouring into our accounts... we go bust. All our trading capital has been lost. By making sure that we are not over-trading is the fastest way to increase our trading accounts. Now we can always open a trade. We always have enough capital in our account to keep us trading... Now we can compound our returns. This compounding is an effective way to increase our accounts. By keeping control of our lot size and the number of trades we are taking we stop our pitfall. Our accounts now have enough money to weather a draw down. We can now protect ourselves from our broker by not over trading our account. In my 15 Minute Forex Formula I have built a proven risk management strategy. This easy step by step system is designed to stop you over-trading. It will tell you what lot sizes to use to keep you from over trading your account. By spending 15 minutes a day updating your lot size you can compound your profits. This will help you reach your trading goals.
10 Pitfall 3 Unprofitable Trading Systems There are many different ways to trade the foreign exchange market. We can choose to open and close trades with manual trading. We can use automated trading robots to open and close for us. Another way we can make money is to follow signal providers. Each method has it's pro's and con's and which one we choose depends on how we wish to trade. No single method is better than the others; we only need to choose the style of trading which suits us. This is a personal choice and finding our style is an important first step towards profitability. Once we have identified the correct method for us, we need to know if the system we are using will make us money. Trading is not just about opening and closing trades for a profit. It's about having a repeatable system that when followed makes more money than it loses. The system does not have to be complicated to make money but it must have an edge. It like counting cards at blackjack... The system (counting cards) turns a slight edge for the house into a slight edge for us. This small edge is enough to make us rich We use this principle in our forex trading. Knowing if our system has an edge will tell us if our system will make any money or not. If we do not know if our system has an edge how can we be sure that we are not trading a system that will lose us money? To understand if our system has an edge we need to create a repeatable trading plan. In this plan we describe our trades before we need to use them. In this way we have a record of why we are taking our trades. Knowing our entry and exit strategy, we can record and measure our trading, to find out if our trading systems have this edge we first need to test it. Once tested we can measure our system to see if it is profitable. When using automated systems we can back test to get historical simulations. This shows us how our system would have performed in the past. When we look at our results we need to answer one question. Does our system make money? If our system is not making money we need to change to a system that does. Back testing our trading system will show us if our system will money over the long term.
11 When we open a manual trade we need to use a different system. We need a paper based system to keep records of our trades. Print off a copy of the trade and write the facts of the trade on the copy. We write the opening price, buy or sell, stop loss positions, the exit strategy. We can now keep track of our open trades. We close our trade when our stop loss is hit or we decide to close our trade. When we close our trade we make another print out. This time we have the closing part of the trade. From this we can see how well we are trading. Because we can record our results we can see if our trading has given us our edge. By recording trades as they happen stops us retro fitting our trading results. This gives us the accuracy needed to tell us if our trading system is profitable. We need to collect at least 2 to 3 months (100 trades or so) worth of trading results. This gives us a clear understanding of our trading results and our profitability. If after testing we have discovered that our system does not make money. It's time for us to change. If we are profitable then we can use this testing procedure to improve our trading. Once we have a system that has a statistical edge. We can trade this system for the long term. We know that as long as the system edge remains we will make money. In this way we can keep ourselves safe. We are no longer wasting our time on a system that will never make money. My 15 Minute Forex Formula provides signal providers with this positive edge. The edge indicator is available from my website. This is always updated so you can be sure your signal provider has a system that will make you money.
12 Pitfall 4 - Small Profits. When we use a indicator based trading strategy we may be missing out on extra profits. A good indicator will tell us when to open and close our trades. We can then use this to run our historical tests. These tests tell us if our indicator has an edge. Through testing we can monitor our edge and we can keep track of our systems performance. If we developed a system that produces a stable 20% profit per year, most of us would be happy. This stability would then allow us to grow our money over a number of years. However we have to be aware that we may only be making a linear profit. A linear profit is a slow way to increase our account. By back testing our indicator we can work out the historical return for our system. If we produce a 20% return per year, and our trading account holds $10,000 we would make $2,000 per year profit. $10,000 + $2,000 =$12,000 + $2,000 =$14,000 + $2,000 =$16,000 +$2,000 =$18,000 + $2,000 =$20,000 As long as our system retains its edge we could expect to double our money in 5 years... This is too slow. The best way to maximise our trading profits is to use compounding. This will allow us to grow our trading accounts much faster. How can we use compounding to increase our profit margins? When we use a linear system we are using a fixed lot size to produce the return. This means that the risk we are taking per trade is being reduced as our trading account increases.
13 The number of trades we have available to us will increase as our account grows and this will reduce our trading risk. We could use this strategy as it will keep reducing our risk. The trade off between this extra safe method is the slow accumulation of profits. When we know that our system will survive and make money. We need to change the linear return to a compound one. To do this we need to understand our lot size. We can increase our lot sizes as we make more money. What we want to do is keep the lot size in proportion to our account size. When we increase our lot size the amount of profit available also increases. By keeping our lot sizes in proportion to our account we can compound our profits. Let s assume that our system is still producing a return of 20% per year and we can now compound our return. $10,000 X 20% = $2000 profit $12,000 x 20% = $2,400 profit?14,400 x 20% = $2,800 profit $17,280 x 20% = $3,456 profit $20,736 x 20% = $4,147 profit This would give us a return of $24,883 in 5 years. We have gained an extra $4,883 on top of the linear profits without taking on any more risk. In my 15 Minute Forex Formula it is easy to compound your profits. My easy to use calculators will help you increase you lot sizes correctly when trading account grows. This will ensure you are always compounding your money. The quickest way to increase your wealth.
14 Pitfall 5... Emotional trading When we trade we open ourselves up to the market. Controlling the emotional pull that the market has on us is perhaps the most difficult part of trading. It makes us second guess ourselves. We know that our trading system must have an edge to make money, and when we control our trading risk we know that we can survive a draw-down. The trading plan is the method we use to create an edge in our system. A fully tested trading plan should get results similar to our back-tested results. This is because we are working with probability. If we have a system that will make money, why do we find it so hard to stick to our trading plan. Trading is difficult and our emotions have a big impact on the decisions we make. This can lead to snap decisions which could lead to unprofitable trading. Our trading plan helps us to keep our perspective. We know from testing our system that our trading plan has an edge. We can be confident that the system will make money. This is why the urge to deviate from our trading plan is madness. We must always remind ourselves that our system only has an edge when it is traded according to our plan. By understanding this we can reassure ourselves when times are tough. Only a carefully monitored trading system tells us when it is profitable. It will also tell us when it's not. Having a system that tells us when to stop trading helps following our trading plan easier. By sticking to our trading plan we can stop the final pitfall of emotional trading. In my 15 Minute Forex Formula you do not have to worry about developing a trading plan. I have provided signal providers who do this for you. Just keep track of the providers system edge and you will know when its time to switch signal providers. My automated system gives you the confidence as you know that your not overtrading. You can compound your profits for maximum return, and track your signal providers to ensure continued profitability. Giving you the peace of mind you need when trading.
MICHAEL HODGES AND BRETT COOPER
WHY COPY TRADE FOREX MICHAEL HODGES AND BRETT COOPER WHAT IS FOREX COPY TRADING Forex copy trading is a relatively new way of trading currency. It takes a lot of the risk and hassle out of trading and
More informationChapter 1 Introduction Disclaimer: Forex Involves risk. So if you lose money you can't blame us we told you trading involves risk.
By Casey Stubbs -Winners Edge Trading.com Table of Contents Chapter 1. Introduction Chapter 2.. Trading Plan Chapter 3.. Money Management Chapter 4. Moving Average Strategy Chapter 5. Stochastic Strategy
More informationCurrency Trading and Forex 100 Success Secrets 100 Most Asked Questions on becoming a Successful Currency Trader
Currency Trading and Forex 100 Success Secrets 100 Most Asked Questions on becoming a Successful Currency Trader Copyright 2008 Currency Trading and Forex 100 Success Secrets Notice of rights All rights
More informationForex Trading Strategies: One way to trade the Non Farm Payroll report.
Forex Trading Strategies: One way to trade the Non Farm Payroll report. June 3 2011 1 Upshot Trade Signals disclaimer The information provided in this report is for educational purposes only. It is not
More informationSpike Trading: Spot FX Vs Futures
You should be aware of all the risks associated with foreign exchange and futures trading. There is a substantial risk of loss in foreign exchange and futures trading. Past performance is not indicative
More informationFOREX ebook PSYCHOLOGY OF TRADING. Blue Capital Markets Limited 2015 All rights reserved.
FOREX ebook PSYCHOLOGY OF TRADING 1 Content Emotional trading - fear & hope 1 A trading plan in five simple steps 4 Getting Started in Forex Fundamental & Technical Analysis Dont forget there s another
More informationBROKER SERVICES AND PLATFORM
BROKER SERVICES AND PLATFORM A broker is an individual who executes buy and sell orders and get commission in the form of SPREAD (I will talk about SPREAD in the subsequent lessons). You trade through
More informationForex Basics brought to you by MatrasPlatform.com
Forex Basics brought to you by MatrasPlatform.com Table of Content What is FOREX... 3 FOREX Basics... 4 Trading Hours... 4 What Is Traded on FOREX?... 4 The Six Majors... 4 Currency Pair Distribution...
More informationContents Risk Disclaimer... 3 Introduction... 4 Choosing the Right Broker... 4 The Financial Markets... 5 The Forex Market...
Contents Risk Disclaimer... 3 Introduction... 4 Choosing the Right Broker... 4 The Financial Markets... 5 The Forex Market... 6 Trading methodologies... 7 Developing a trading strategy... 8 Risk Management...
More informationStrategy:10. Rob Booker s. Low risk/high return forex trading
RISK DISCLOSURE: Rob Booker s Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for
More informationChapter 2.3. Technical Analysis: Technical Indicators
Chapter 2.3 Technical Analysis: Technical Indicators 0 TECHNICAL ANALYSIS: TECHNICAL INDICATORS Charts always have a story to tell. However, from time to time those charts may be speaking a language you
More informationA Beginner s Guide to Financial Freedom through the Stock-market. Includes The 6 Steps to Successful Investing
A Beginner s Guide to Financial Freedom through the Stock-market Includes The 6 Steps to Successful Investing By Marcus de Maria The experts at teaching beginners how to make money in stocks Web-site:
More informationHow To Be Profitable With A Currency Exchange Rate Option
1 Chapter 4.4 Exotic Options 0 Exotic Options Explore each of the following exotic options, and see if you can identify opportunities in your trading to use an exotic option: Exotic options are highly
More informationFREE SCALPING INDICATOR
FREE SCALPING INDICATOR User s Manual DISCLAIMER Please be aware of the loss, risk, personal or otherwise consequences of the use and application of this book s content. The author and the publisher are
More informationMistakes. that Traders Make. during Online Trading
Mistakes that Traders Make during Online Trading INTRODUCTION Online trading is one of the fastest growing and developing spheres of activities in the world. Each day it becomes more and more appetizing
More informationHow to make more money in forex trading. 2003 W. R. Booker & Co. All rights reserved worldwide, forever and ever and ever.
The 10 Rules How to make more money in forex trading. 2003 W. R. Booker & Co. All rights reserved worldwide, forever and ever and ever. 2 10 Rules Page 2 Rule #1: Never lie to anyone. Never lie to yourself
More informationChapter 2.4. Multiple Time Frames
Chapter 2.4 Multiple Time Frames 0 Contents TRADING USING MULTIPLE TIME FRAMES Traders of virtually every monetary size and temperament trade the Forex market. At any given time, short-term scalpers and
More informationAdvanced Trading Systems Collection MACD DIVERGENCE TRADING SYSTEM
MACD DIVERGENCE TRADING SYSTEM 1 This system will cover the MACD divergence. With this trading system you can trade any currency pair (I suggest EUR/USD and GBD/USD when you start), and you will always
More informationA guide to CFDs. Contracts for difference. For more information please contact us on 0117 988 9915 or visit our website www.hlmarkets.co.
A guide to CFDs Contracts for difference For more information please contact us on 0117 988 9915 or visit our website www.hlmarkets.co.uk One College Square South, Anchor Road, Bristol, BS1 5HL www.hl.co.uk
More informationThe purpose of this ebook is to introduce newcomers to the forex marketplace and CMTRADING. Remember that trading in forex is inherently risky, and
The purpose of this ebook is to introduce newcomers to the forex marketplace and CMTRADING. Remember that trading in forex is inherently risky, and you can lose money as well as make money. Manage your
More informationClick on the below banner to learn about my revolutionary method to trade the forex market:
By Avi Frister http://www.forex-trading-machine.com Click on the below banner to learn about my revolutionary method to trade the forex market: Copyright 2008 The Forex Navigator System. All rights reserved
More informationThe FOREX Master Plan
The FOREX Master Plan 1. Introduction First of all I need to say that I did not write this ebook for me, but for each and every one of you. I hope that it will be beneficial for everybody that reads it
More informationHow Leverage Really Works Against You
Forex Trading: How Leverage Really Works Against You By: Hillel Fuld Reviewed and recommended by Rita Lasker 2012 Introduction: The Forex market is an ideal trading arena for making serious profits. However,
More informationThe magic of trading money management OR How to covert a small account (or a large one) into a money spinner!
The magic of trading money management OR How to covert a small account (or a large one) into a money spinner! The purpose of this tiny E-book is to show you what can be achieved with a small (or large!)
More informationCONTROLLING. Your TRADES, MONEY& EMOTIONS. By Chris Vermeulen
CONTROLLING Your TRADES, MONEY& EMOTIONS By Chris Vermeulen INTRODUCTION In this condensed guide I have put together some key points which I think should be read a few times in order for these critical
More informationCommodity Channel Index
Commodity (CCI) Developed by Donald Lambert, the Commodity (CCI) was designed to identify cyclical turns in commodities but can be applied to shares as well. The Commodity Channel Index uses a typical
More informationSFT Simple Strategy. Version by Radim Frycka www.sftmgm.com
SFT Simple Strategy Version by Radim Frycka www.sftmgm.com What is it based on? Old School Simple Technical Analysis based on EMA (Exponential Moving Average) with use of Stochastic oscilator and RSI(Relative
More informationAlgorithmic Trading: A Quantitative Approach to Developing an Automated Trading System
Algorithmic Trading: A Quantitative Approach to Developing an Automated Trading System Luqman-nul Hakim B M Lukman, Justin Yeo Shui Ming NUS Investment Society Research (Quantitative Finance) Abstract:
More informationTable of Contents 11-step plan on how to get the most out of the strategies backtesting... 2 Step #1... 2 Pick any strategy you like from the "10
Table of Contents 11-step plan on how to get the most out of the strategies backtesting... 2 Step #1... 2 Pick any strategy you like from the "10 simple free strategies" file... 2 Step #2... 2 Get a strict
More informationFxPro Education. Automated trading
FxPro Education More than a quarter of trades with FxPro are executed automatically by computer programs. These types of trades are known by many terms, including expert advisors, algos and robots. Many
More informationTrading the Daniel Code Numbers
Trading the Daniel Code Numbers INTRODUCTION... 2 ABOUT THE DC NUMBERS... 2 BEFORE YOU START... 2 GETTING STARTED... 2 Set-Up Bars... 3 DC Number Sequences... 4 Reversal Signals... 4 DC TRADING METHODOLOGY...
More informationCopyright 2010 by Kelvin Lee
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise,
More informationStock Market Trends...P1. What Is Automated Trading...P2. Advantages & Disadvantages...P3. Automated Trading Conclusion...P4
I S SUE 1 VOLUME 1 YE AR 2013 Stock Market Trends...P1 What Is Automated Trading...P2 Advantages & Disadvantages...P3 Automated Trading Conclusion...P4 IS S UE 1 V O L UME 1 YEAR 2013 Automated stock trading
More informationRISK WARNING. Retail transactions conducted with NatureForex are not insured by any deposit insurance of any kind.
RISK WARNING High Risk Investment Margined retail foreign exchange or currency ( forex ), commodities and financial derivatives transactions are extremely risky. Trading with Nature Forex Ltd. ( NatureForex
More informationThe Magic Momentum Method of Trading the Forex Market
The Magic Momentum Method of Trading the Forex Market WELCOME! Welcome to one of the easiest methods of trading the Forex market which you can use to trade most currencies, most time frames and which can
More informationWHAT YOU NEED TO KNOW, AND WHY OUR COMPETITORS DON T LIKE US
COMPLETE TRADER WHAT YOU NEED TO KNOW, AND WHY OUR COMPETITORS DON T LIKE US Whether or not you decide to train with us, this document has very useful information to help you get started and so you know
More informationForexIndicator.org. Presents. Written By Kelvin Lee
ForexIndicator.org Presents Written By Kelvin Lee All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic,
More informationFIBONACCI MIRACLE. User s manual. www.fibonaccimiracle.com Karl Dittmann February 2011
FIBONACCI MIRACLE User s manual www.fibonaccimiracle.com Karl Dittmann February 2011 DISCLAIMER Please be aware of the loss, risk, personal or otherwise consequences of the use and application of this
More informationPart 1: Three-Way Orders - Theoretical. Aksjer Obligasjoner Netthandel Corporate Finance www.norne.no
Part 1: Three-Way Orders - Theoretical Agenda Advantages of using 3-way orders Ratio-trading Support and Resistance levels Placing a 3-way order on Norne Investor Example Slide 2 What is a 3-way order?
More information$300 to Freedom in FOREX FOREX Freedom Turn $300 into $30,000 with FOREX Financial Freedom in as Little as 6 Months!
Turn $300 into $30,000 Financial Freedom in as Little as 6 Months! ereport By Robert Borowski 2004 & 2005 Evergreen Forex Inc. $300 to Freedom in FOREX FOREX Freedom Turn $300 into $30,000 with FOREX Financial
More informationSUPER TREND PROFIT. (Trend Indicator with alert popup and email alert) DISCLAIMER
SUPER TREND PROFIT (Trend Indicator with alert popup and email alert) DISCLAIMER Please be aware of the loss, risk, personal or otherwise consequences of the use and application of this book s content.
More informationLet s Get to Know Spread Bets
Let s Get to Know Spread Bets Spread betting is pretty cool. Here are three reasons why. Even if you ve never traded before, you probably know how the financial market works buy in and hope it goes up.
More informationTHIS IS THE TRADING METHOD FOR THE STEALTH FOREX TRADING SYSTEM V10
THIS IS THE TRADING METHOD FOR THE STEALTH FOREX TRADING SYSTEM V10 YOU SHOULD HAVE ALREADY READ AND APPLIED THE INFORMATION IN THE SET-UP DOCUMENT. IF YOU HAVE NOT ALREADY DONE SO - PLEASE COMPLETE SET
More informationWhether you re new to trading or an experienced investor, listed stock
Chapter 1 Options Trading and Investing In This Chapter Developing an appreciation for options Using option analysis with any market approach Focusing on limiting risk Capitalizing on advanced techniques
More informationThe Best Option: Trading Equities at High Speed
The Best Option: Trading Equities at High Speed Chuck Hughes, a former U.S. Air Force and Commercial Airline Pilot, used his downtime to learn how to trade stock indexes with systems. He liked system trading
More informationExit Strategies & Stop Loss Techniques
Exit Strategies & Stop Loss Techniques Forex exit strategies are a very important part of Forex trading systems. In fact, it could be said, that out of all the components of a trading system, it is the
More informationForex Success Formula Presents Forex Success Mini Forex Success Formula Presents Forex Success Mini
Forex Success Formula Presents Forex Success Mini - 1 www.forexsuccessformula.com/forextradingblog Risk Disclosure Statement The contents of this e-book are for informational purposes only. No Part of
More informationTRADING CFDS. Learn how to make money with trading
Learn how to make money with trading Index Why trading? 2 The Basics 3 The Trend Strategy 7 Money Management 9 Closing Remarks 11 1 Why trading? Everyday financial products worth billions of dollars are
More informationFP Markets MetaTrader 4 Platform Guide Issue Date: 31 March 2012. First Prudential Markets Pty Ltd ABN 16 112 600 281 AFSL 286354. fpmarkets.com.
FP Markets MetaTrader 4 Platform Guide Issue Date: 31 March 2012 First Prudential Markets Pty Ltd ABN 16 112 600 281 AFSL 286354 1 fpmarkets.com.au 1 Introduction The Foreign Exchange Market The FX market
More informationD.O.T.S. Guppy Trading Method
D.O.T.S. Guppy Trading Method Dean Malone /dots 1 Disclaimer Unique experiences and past performances do not guarantee future results. Trading in the off-exchange Foreign Exchange market (Forex) is very
More informationNo duplication of transmission of the material included within except with express written permission from the author.
Copyright Option Genius LLC. All Rights Reserved No duplication of transmission of the material included within except with express written permission from the author. Be advised that all information is
More informationBetInfo24 Betfair Trading Strategy
BetInfo24 Betfair Trading Strategy All rights reserved BetInfo24 has been identified as the author of this work. The right has been asserted in accordance with the copyright, designs and patents act 1988.
More informationHow To Be Successful At Trading Forex
Regulated by CySEC 185/12 01 Traders often fail because they don t learn from mistakes. Keep a diary of trades to discover what works and what doesn t. 02 Don t set a stop loss order too close to the opening
More informationForex Success Formula
Forex Success Formula WWW.ForexSuccessFormula.COM Complimentary Report!! Copyright Protected www.forexsuccessformula.com - 1 - Limits of liability/disclaimer of Warranty The author and publishers of this
More informationFREEFOREXEBOOK.ORG. Forex Trading
FREEFOREXEBOOK.ORG Forex Trading Index Index 2 I - Forex Advantages 3 II 5 Myths about Forex Trading 5 III How Can I Start Making Money on Forex? 7 III.1 Educate Yourself 7 III.2 Plan How You Will Trade
More informationIntroduction... 4 A look at Binary Options... 5. Who Trades Binary Options?... 5. Binary Option Brokers... 5 Individual Investors...
Table of Contents Introduction... 4 A look at Binary Options... 5 Who Trades Binary Options?... 5 Binary Option Brokers... 5 Individual Investors... 5 Benefits of Trading Binary Options... 6 Binary Option
More informationChapter 3.3. Trading Psychology
1 Chapter 3.3 Trading Psychology 0 TRADING PSYCHOLOGY Forex traders have to not only compete with other traders in the forex market but also with themselves. Oftentimes as a Forex trader, you will be your
More informationMastering the Markets
www.mastermindtraders.com Presents Mastering the Markets Your Path to Financial Freedom DISCLAIMER Neither MasterMind Traders or any of its personnel are registered broker-dealers or investment advisors.
More informationTrading Education. July 2014. The Five Key Elements of CFD Trading. The Five Key Elements of CFD Trading INTRODUCTION
READ OUR FULL RISK WARNING. Spread betting, Contracts for Differences (CFDs) & Foreign Exchange (FX) are leveraged products & carry a high level of risk to your capital as prices might move rapidly against
More informationStochastic Oscillator.
Stochastic Oscillator. By Jay Lakhani www.4x4u.net George Lane was the originator of the stochastic indicator in the 1960 s; the indicator tracks the market momentum. Lane observed that as prices rise
More informationMTREPORT 4.0. User s Manual
MTREPORT 4.0 User s Manual 2006-2015 Thijs van Vliet - www.mt4tools.com - build 1042 jun 2015 General description MTReport 4.0 is a software utility for analysing report files generated by MetaTrader.
More informationThe 5 Exit Heroes. Exiting Your Forex Trades For Maximum Profits
The 5 Exit Heroes Exiting Your Forex Trades For Maximum Profits IMPORTANT : As an added bonus for downloading this report, you also received additional free training videos. To access your bonuses, go
More informationPivot Point Trading. If you would rather work the pivot points out by yourself, the formula I use is below:
Pivot Point Trading You are going to love this lesson. Using pivot points as a trading strategy has been around for a long time and was originally used by floor traders. This was a nice simple way for
More informationForex Cantata User Manual
Forex Cantata User Manual CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING.
More information5min Forex Trade Strategy Imran Sait Version 1.2 updated on 16 th Nov 2007
5min Forex Trade Strategy Imran Sait Version 1.2 updated on 16 th Nov 2007 ( Works on All Time Frames and for all Pairs - Best used on 5Min/15min/ for short term Trades and 30min/1Hr/4hr/daily for Long
More informationTrading the Non Farm Payroll Report Like a Savage Pip Fiend
Trading the Non Farm Payroll Report Like a Savage Pip Fiend Rob Booker with tons of help from Jacob Fedje Copyright 2006 Rob Booker. All rights reserved. No part of this publication may be sold, distributed
More informationINDUSTRY LEADING DERIVATIVES EXPERTS. www.insightcapitalstrategies.com Tel: 0141 375 1246
INDUSTRY LEADING DERIVATIVES EXPERTS www.insightcapitalstrategies.com Tel: 0141 375 1246 Insight specialises in generating tax-free capital growth by investing client funds using spread betting platforms
More informationEasy Surefire Guaranteed System To Win Every Time At Online Blackjack (only system in the world based on human greed)
Easy Surefire Guaranteed System To Win Every Time At Online Blackjack (only system in the world based on human greed) Brought to you by advantagegamingtools.com Page 1 WWW.DEALPLAYWIN.COM Hello fellow
More informationThe Awesome Trading System (2 nd Edition)
The Awesome Trading System (2 nd Edition) By Victor Chan Wai-To Note: You may freely distribute this ebook as long as you do not alter the content of it. All materials are copyright Victor Chan Wai-To
More informationForex Morning Trade. System manual. by Mark Fric
Forex Morning Trade System manual by Mark Fric Dedicated to Elisabeth, for her ongoing support. 2 Risk Disclosure & Copyright Risk Disclosure Statement Trading any financial market involves risk. This
More informationEUR/USD Trading Strategy
EUR/USD Trading Strategy TRADING SIGNALS TRADING EDUCATION TRADING STRATEGIES Kathy Lien & Boris Schlossberg www.bkforex.com TRADING SIGNALS & TRADING EDUCATION Risk Disclosure BKForex LLC is a registered
More informationChapter 2.4. Multiple Time Frames
Chapter 2.4 Multiple Time Frames 0 Contents TRADING USING MULTIPLE TIME FRAMES Traders of virtually every monetary size and temperament trade the Forex market. At any given time, short-term scalpers and
More informationINSTANT BUY SELL SIGNAL
INSTANT BUY SELL SIGNAL www.instantbuysellsignal.com Dec 2010 DISCLAIMER Please be aware of the loss, risk, personal or otherwise consequences of the use and application of this book s content. The author
More informationPipStrider II User Manual
PipStrider II User Manual CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING.
More informationEscalator to Pips Pipping Your Way to The Top
Pipping Your Way to the Top Page 1 of 1 Escalator to Pips Pipping Your Way to The Top Presented April 4, 2007 To the reader s of Forex Factory May all your trades be successful ones DISCLAIMER: We accept
More informationForex Volatility Patterns
Spotting Early Breakouts Forex Volatility Patterns BRUCE WALDMAN Want to catch 40 to 00 pips in each trade? Here s how you can find those entry and exit signals to make your forex trading a success. C
More informationIdeas for improving your trading in 2010. Trader_Dante
Ideas for improving your trading in 2010 Trader_Dante Copyright Trader_Dante 2010 Page 1 of 18 Disclaimer All reasonable steps and due diligence have been taking in preparing this document. However, it
More informationCME In a Low Interest Rate World, Is the Carry Trade Dead?
CME In a Low Interest Rate World, Is the Carry Trade Dead? Timothy Morge, CTA and President Blackthorne Capital, Inc. Internet Presentation Sponsored by Interactive Brokers February 14, 2013 www.marketgeometry.com
More informationThe Definitive Guide to Swing Trading Stocks
The Definitive Guide to Swing Trading Stocks 1 DISCLAIMER The information provided is not to be considered as a recommendation to buy certain stocks and is provided solely as an information resource to
More informationCurrency Trading Basics
Currency Trading Basics 10 Facts You Need to Know to Enjoy Forex Trading Success! In Forex trading 95% of all traders lose money and while this is a huge percentage, it's a fact that Forex trading can
More informationD.O.T.S. Guppy Trading Method
D.O.T.S. Guppy Trading Method Dean Malone /dots Disclaimer Unique experiences and past performances do not guarantee future results. Trading in the off-exchange Foreign Exchange market (Forex) is very
More informationThree Ways to Maximize Your Returns
Three Ways to Maximize Your Returns People who become interested in trading for a living are often drawn to trading because they want freedom and they are interested in multiplying money. While initially
More information4 Hour MACD Forex Strategy
4 Hour MACD Forex Strategy Welcome to the 4 Hour MACD Forex Strategy. This strategy is aimed at simplicity as well as high probability trades. I have been in the equity market for almost ten years now
More information100 Pips A Day Forex Domination System
100 Pips A Day Forex Domination System Thank you for downloading our FREE 100 Pips Forex Domination Trading System. We are absolutely confident this system will: - Fast-track you to consistent, low risk
More informationLET S GET TO KNOW SPREAD BETS
LET S GET TO KNOW SPREAD BETS Spread betting is pretty cool. Here are three reasons why. Even if you ve never traded before, you probably know how the financial market works buy in and hope it goes up.
More informationTHE POWER OF FOREX OPTIONS
THE POWER OF FOREX OPTIONS TOPICS COVERED Option basics Call options Put Options Why trade options? Covered call Covered put Hedging your position using options How to repair a trading position THE POWER
More informationoffering a comprehensive range of investment products and services.
Linear Investments is a global investment manager offering comprehensive range of Investments is aaglobal investment manager investment products and services Linear offering a comprehensive range of investment
More informationFOREX PROFIT MASTER USER GUIDE. http://www.forexprofitmaster.com
FOREX PROFIT MASTER USER GUIDE http://www.forexprofitmaster.com DISCLAIMER Please be aware of the loss, risk, personal or otherwise consequences of the use and application of this book s content. The author
More informationCarry Trade Explained What Is the Carry Trade?
I The Forex Trading Formula Carry Trade Triad Trading Formula - The Introduction Carry Trade Carry Trade Explained What Is the Carry Trade? The carry trade is a trading strategy in which you simultaneously
More informationFine-Tuning Your Money Management System
Avoid The Risk Of Ruin Fine-Tuning Your Money Management System Acknowledge the risks in trading the markets by making sure your money management system is sound. hen you hear of someone making a huge
More informationHandbook for finding the right FX Broker
Handbook for finding the right FX Broker With currency trading becoming even more popular, the number of brokers is growing at a rapid rate. What should one look at when deciding which broker to open an
More informationHow To Trade The Emni And Oil And Light Sweet Crude Oil
Day Trading the Emini S&P 500 (ES) and Light Sweet Crude Oil (CL) Live Trade Room with Carlos Diaz Disclaimer: The information in this guide is provided for your entertainment only. We cannot and do not
More informationStrategy:10. Low Risk/High Return Currency Trading
Strategy:10 Low Risk/High Return Currency Trading Rob Booker 2002-2006 W.R. Booker II. All rights reserved worldwide. This ebook is intended to help you trade currency profitably and happily. If you are
More informationWHY COPY TRADE FOREX. 2nd Edition MICHAEL HODGES AND BRETT COOPER
WHY COPY TRADE FOREX 2nd Edition MICHAEL HODGES AND BRETT COOPER WHY COPY TRADE FOREX The global foreign currency exchange is a trillion dollar a day market. Large banks and corporations deal with hundreds
More informationDISCLAIMER. This guide may contain links to external websites. The publisher is not responsible for any content of those websites.
DISCLAIMER Trading any financial market involves a high level of risk and may not be suitable for everyone. You should only trade with money you can afford to lose. You should fully understand the risks
More informationForex Nitty Gritty Quick Start Guide READ THIS FIRST. This is your 10-minute Quick Start guide to getting the most from the Forex Nitty Gritty
Forex Nitty Gritty Quick Start Guide READ THIS FIRST This is your 10-minute Quick Start guide to getting the most from the Forex Nitty Gritty Disclaimer: Futures, forex, stock, and options trading is not
More informationTrading Equities through CFDs With the Cycle Trends Live Program
Trading Equities through CFDs With the Cycle Trends Live Program The live Cycle Trends program is especially suited to the trading of CFDs (Contracts for Difference).The reason is that the CFD mimics almost
More informationPrediction The Evidence it Doesn't Work and a Popular Theory that Leads to Losses
Forex Trading Strategy Mistakes 3 X Common Trading Errors Which Cause Losses We all know that 95% of all Forex traders lose money and most of these traders have no hope of winning because they base their
More informationChapter 4 - Picking the time frame
Chapter 4 - Picking the time frame In this chapter we ll discuss the different time frames of operations available to the trader and their relative returns, considering both ideal and real-world situations.
More informationChapter 3.4. Forex Options
Chapter 3.4 Forex Options 0 Contents FOREX OPTIONS Forex options are the next frontier in forex trading. Forex options give you just what their name suggests: options in your forex trading. If you have
More information