60 Minute Trader Author: Chris Kobewka Published By: Internet Unlimited LLC. 26C Trolley Square Wilmington DE, 19806 USA support@60minutetrader.com Tel: UK +44 (0) 870 321 9430 Fax: UK +44 (0) 870 321 9259 http://www.internetunlimitedllc.com 60 Minute Trader is an established Trade Mark Copyright 2004 60MinuteTrader.com - All Rights Reserved. 60MinuteTrader.com is owned by Internet Unlimited LLC.
Welcome to an Insight To Futures Trading, 60MinuteTrader & FREE Daily Trading Results Hi and thank you for downloading from 60MinuteTrader. Please feel free to pass this ebook on to any of your friends, contacts, family or work colleagues. Not only do we bring you an excellent trading system with a win rate second to none but it is also our aim to save you money, $1,000 s in fact by lowering your trading costs and supplying you with free methods. You have probably heard the saying "A penny saved is a penny earned" Personally I hate paying more than necessary for anything. The lower your trading costs are the larger your net profits will be. Also not having to win so much before we are in profit makes for much less stressful trading. So the first few emails are concerned with how we can save money on our trading and as you will see it will add up to $1,000's over a year. Futures vs. Spreadbetting We at 60MinuteTrader recommend that you trade futures for the reasons below: One of the many problems with spreadbetting is that you almost never trade at the market price. The REAL market spread on the DOW for example is typically 1point during market hours. In a spreadbet you can pay anything from 4 or 13 points spread. That means the market price can be far from your stop level and still be closed out of the trade.
Another problem is the speed of execution with spreadbetting, it is not uncommon to have to wait 30 seconds to place a trade. With futures and a free piece of trading software (which we will look at in later emails) I have placed an opening order, a stop-loss order and a profit target limit order with one click of the mouse and the profit has been made in as little as 9 seconds. In the UK spreadbetting profits are tax free you may say. True, but what if you are from the USA. Don't forget about Capital Gains Tax, this year you have to make Capital Gains of 8,200 before you have to start paying any tax at all. Be honest, what were your profits last year. You will make more money trading futures and it is easier than spreadbetting. I traded via spreadbetting for 4 years before moving to futures and would not go back. SB charts are not that good and if you make just one $5 trade per day and save just 3 points because of the lower spread on futures this will give you over 220 trading day $3,300 extra profit compared to the saving of just $180 on the charts and data feed. If you normally trade 4 contracts/$20/ 10 this would save you $13,200 every year, no wonder the spreadbetting companies are doing so well. This is free money made just by choosing the right broker. I did an exercise a couple of weeks ago and made 19 scalping trades in one day of which 18 were profitable. The net results on futures was a 46 point profit, if the exact same trades were made with a spreadbetting company with the same prices the result would have been a 33 point LOSS. It really can be a choice between winning and losing. Testimonial Went through the material and indeed, this is an excellent trade plan; worth every penny as far as I can tell. I traded years ago and made all the mistakes and lost my trading capital as a result. After analysing my mistakes and rethinking what I would do differently if I were to enter the market again, I came up with a plan very similar to 60min. This is a very good starter program that will make money. Jan Laan
So that s just one way we show you how to save money, but what do we teach you in the ebook? Well besides the simple trading system we begin with the basics for those who are absolute beginners and what tools you need to trade. Tools of the Trade There are certain things we need to have set-up before we can start trading effectively, and I would like to run through these in this chapter. Your trading should be treated as a business or profession and as such the tools of the trade are vitally important as they are to any trades person. Because of the speed of the markets I only advocate Internet trading, so this is what we need. Computer The good news is that you do not need an all singing all dancing top of the range computer because for the past 18 months I have been happily trading from my old 1 GHz laptop. There are however a few considerations that should be looked at. If you are looking at purchasing a new machine, at the time of writing (June 2004), a 2.7 GHz machine can be purchased for around the $400 mark. A 40-gigabyte hard drive is more than ample and it is much better spend your money increasing the ram (random access memory) than on hard drive space. A minimum of 256 MB ram is ok but 512 MB is recommended. Also what type of Internet connection is best, which broker is best and can save you $1 s every day.
Testimonial "I have been trading derivatives since 1985 when first traded options on the then LTOM. Over the years I have come across a myriad or brokers, dealers, independent floor traders, bank experts, and FX gurus. Many of the above were selling some sort of system, method or approach to the market. Most of what I purchased from these people was at best general market information re-hashed from any good book on technical analysis and at worst confusing if not misleading. Last year I came across Chris Kobewka and his e-book. Chris has a fundamentally different way of thinking about markets to that of any trader I have come across. This is quite startling and very out of the box. His trading results are quite simply staggering. His methods are straight forward and clearly explained. If you don t understand ask - and then Chris will keep explaining until you get it right. I don t think I have ever met someone who is so dedicated to ensuring that you the trader get it right and win. The price he asks for the book is quite simply derisory given the long term benefits you can expect from applying the method." Paul Exact Trading
Next we guide you through the different charting packages available, which ones to use and more importantly how to read them. Testimonial Thank you for the response. I have been averaging over 90% success and my profits have expanded since I now exit on a touch of the. Thank you again, Zach Allred
Just part of the basics then we see how they look on real-time charts. Then we show you which indicators to use.
Testimonial Thank you for your help. Very much appreciated. I have now got the e-book and read it avidly! Having paper-tested it I am amazed with the results. Richard Hubbard The next section is probably the most important, Money Management. If you follow our trading plan there is no reason why you should not make 1,000% per annum. We discus the importance of knowing your win/lose and risk/reward ratios. The power of leverage and how this makes your money work harder. Simply choosing to trade futures doubles the opportunities to win by allowing you to make money going long or short which means more Profits for You. Trading futures allows you to take advantage of leverage, which makes your capital works harder and more efficiently, and this will make more Profits for You. Futures allow you to take advantage of intraday movements, the result of which is more Profits for You.
Testimonial Why didn't I run into you earlier??!! Guess its' - Better late than never! You have a method based on my very favourite KISS (Keep It Simple & Stupid) principle - thanks. I hv purchased your ebook just today, and hv backtested approx 6 mnths - you say 70% wins, I say 75% - but what is possibly the MOST IMPORTANT section (in fact, the Holy Grail) is the section on Money Management. This by itself was worth more than the course. Abhijit Banerjee Then we look at the system, the trading platform and go into detail how to actually use it. We show you where to get a free piece of software which will make your trading much easier by placing an opening order, a stop-loss order and a profit target order with one click of the mouse. Well that s some of the ebook. What about the free systems. We want YOU to make money trading and in our daily emails we give you the system below free. A similar system is on sale on the Internet for $5,000, just another way we can save you money. The method below (indicators removed) produced over 200 points on the Dow Jones in just one day. Trading just one $5 contract would have netted you $1,000, not bad for a days work.
Don t just believe us read what the customers say in their testimonial in red. If you want to keep your losses to a minimum just buy the course which you can do HERE: Happy Trading Chris Kobewka