The Currency Cross Trader

Transcription

1 A Publication of The Sovereign Society The Currency Cross Trader Quick Start Guide The Sovereign Society 55 N.E. 5th Avenue, Suite 200 Delray Beach, FL USA USA Toll Free Tel: (888) Contact: Website:

2 The Sovereign Society 55 NE 5th Avenue, 2nd Floor, Delray Beach, FL USA USA Toll Free Tel: (888) Website: Legal Notice: This work is based on what we ve learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It s your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments such as futures, options, and currency trading carry large potential rewards but also large potential risk. Don t trade in these markets with money you can t afford to lose. Sovereign Offshore Services LLC expressly forbids its writers from having a financial interest in their own securities or commodities recommendations to readers. Such recommendations may be traded, however, by other editors, Sovereign Offshore Services LLC, its affiliated entities, employees, and agents, but only after waiting 24 hours after an internet broadcast or 72 hours after a publication only circulated through the mail. Please note that due to our commercial relationship with EverBank, we may receive compensation if you choose to invest in any of their offerings. (c) 2013 Sovereign Offshore Services LLC. All Rights Reserved; protected by copyright laws of the United States and international treaties. This Report may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Sovereign Offshore Services, LLC. 55 NE 5th Ave, Suite 200, Delray Beach FL CCQ.SVS.VI

3 You re Just 5 Simple Steps from the $4 TRILLION Spot Market Congratulations! You ve just made a huge step from trading the usual suspects of stocks, commodities and bonds, into the world s largest, most liquid on earth the spot Forex market. Every day, the spot Forex market trades a minimum of $4 Trillion (as much as $5 Trillion on a busy day) more than all other stock markets combined. It s the only market on earth that trades 24 hours a day, six days a week, and offers a true alternative to the now recession-tainted markets. Yet, your average mainstream investor has no idea this market even exists. Of course, you re not the average investor. The very fact that you re here tells us that you re ready to jump into this incredibly lucrative market. So let s get started! To help out, we ve created this easy quick-start guide below 1. Understand What You re Trading In the Forex market, you re trading what are known as currency pairs. This means each individual trade in the Forex market involves two currencies. With any one trade, you re always buying one currency and simultaneously shorting a second currency. It s helpful to think of Forex trading as if you re betting on one currency to rise (or fall) versus another currency. Here are the most active currency crosses that your editor, Thomas Fischer will recommend in the Currency Cross Trader: EUR/JPY (Euro vs. Japanese yen) GBP/JPY (British pound vs. Japanese yen) CHF/JPY (Swiss franc vs. Japanese yen) AUD/JPY (Aussie dollar vs. Japanese yen) NZD/JPY (New Zealand dollar vs. Japanese yen) CAD/JPY (Canadian dollar vs. Japanese yen) 1

4 EUR/CHF (Euro vs. Swiss franc) EUR/GBP (Euro vs. British pound) GBP/CHF (British pound vs. Swiss franc) AUD/CHF (Aussie dollar vs. Swiss franc) AUD/CAD (Aussie dollar vs. Canadian dollar) EUR/CAD (Euro vs. Canadian dollar) GBP/AUD (British pound vs. Aussie dollar) AUD/NZD (Aussie dollar vs. New Zealand dollar) EUR/AUD (Euro vs. Aussie dollar) EUR/NZD (Euro vs. Aussie dollar) Occasionally your Currency Cross Trader editor, Thomas Fischer, will recommend a few major pairs too if he sees an exceptional opportunity. EUR/USD (Euro vs. Japanese yen) USD/JPY (U.S. dollar vs. Japanese yen) GBP/USD (British pound vs. U.S. dollar) USD/CHF (U.S. dollar vs. Swiss franc) USD/CAD (U.S. dollar vs. Canadian dollar) AUD/USD (Australian dollar vs. U.S. dollar) NZD/USD (New Zealand dollar vs. U.S. dollar) 2. You Need a Forex Account with a FX Dealer (Read: FX Broker ) Yes, you need a special type of account to trade Forex. Specifically, you need to open a Forextrading micro or mini account with a Forex dealer. The good news: There are plenty of reputable firms that can help you. We ve included some FX dealer firms below for your convenience. Once you ve chosen an FX dealer, make sure to ask for all the appropriate paperwork so you can set your account up as soon as possible. These days, you can usually apply for an account within minutes at their website and then fax or in an ID and proof of residence. Each broker will tell you which are acceptable forms of ID/residency. FXCM (Forex Capital Markets): Contact them at or at Oanda: Contact them at or at Mirus FX TradeAssist: R.J. O Brien: kfischer@rjobrien.com Foremost Forex LLC: Contact: or 2

5 3. Send Money! Fund Your Account Ask Yourself: How much money can I afford to invest? Each individual s answer will vary. But keep in mind that Forex trading is ONLY for your speculative money the cash you can afford to lose. Also, a little goes a long way in the speculative market. A practical amount that you can get started with is at least $3,000 to $10,000. We recommend that you not allocate more than 10% of your liquid assets to Forex trading. Send Money! Once you ve set up your FX trading account, move sufficient funds to your new FX trading account via wire transfer, debit/credit card or check. 4. Read Your Issues Be Ready for Your Next Alert: We send out trading alerts as opportunities arise, and always send out an update once a week. So to make sure you receive these alerts immediately, add info@ money-trader.com to your address book. What You ll Find in Your Alert: We will give you the macro fundamental and technical reasons behind each trade. We ll also give you everything you need to place each Forex trade including: the currency pair in question, whether we re buying or selling, the currency pair s last price, the specific entry order, the stop-loss, and profit targets for each currency trade. In other words, we give you everything you need to jump online and place your trade yourself or call your new FX dealer and ask them to place this trade for you. (RMB Group can automate these trading recommendations if you have an account with them and authorize them to do so on your behalf.) For More Information: Read your Currency Cross Trader Manual! Any Questions? us at info@money-trader.com. BONUS Step for Forex Beginners Of course, we want you to jump right in and start trading (and profiting from) the Forex market as soon as possible. But the Forex market trades a bit differently than stocks, bonds or commodities. As such, it can take some time to get used to this new style of trading especially if you re placing the trades yourself online. So if you ve NEVER tried online Forex trading, we recommend setting up a practice demo account online with your Forex dealer. A demo account allows you to practice placing Forex trades on your dealer s online trading platform with fake money before you start trading with real funds. By placing practice trades, you can get the hang of trading Forex, completely risk-free. You can even paper trade a couple Currency Cross Trader trades if you wish. Many Forex dealers offer these FREE demo accounts, so it won t cost you a dime to try it out. This will set you up for success from the get-go. 3