Friday, 25 September 2009

forex trading

forex trading

Forex can make you financially free The Most Lucrative Part-time Job or Home Based Business EverThe Forex market is relatively new when compared to the traditional stock market. The Forex or Foreign Exchange Currency Market was open to the public in 1998. In a year it will be a decade old. This is one of the major reasons most people do not know about the Forex. The first reason why you should take a closer look at the opportunities in the forex market is because of its liquidity estimated at $2 trillion daily. The other reason is that it is traded 24 hours of the day and 6 days in a week and participation is open to all, from individuals like you and me to very large financial institutions.With the economic situation of our day worldwide, where there are no more job guarantees it is not unusual to wake up one morning and find oneself jobless. In such times, there is an increasing need for a lucrative part-time job or home based business. This is something that you can had absolute control over.There are of course a multitude of money making opportunities out there, but to be factual, it is very difficult to find a real opportunity which will allow you to make a living from your home computer. Even when you do, you would have to spend hours doing market research and invest large sums of money to bring it to fruition. That is if you have not gotten involved in a scam project. Most of the opportunities on the web today, even if you make big profits, may be held by someone else. In other words, when you participate in those turnkey businesses, you do not have control.In addition to all the "fire your boss today" opportunities, there is a program on CNBC called Mad Money that seems to begetting to the masses and unknowing students to invest in the stock market. In reality this is a very expensive experiment especially for student that do not have a lot of capital. Buying a Goggle stock for $400.00 a piece is very expensive given that your capital can be wiped out if the stock goes against you by 100 points. That money could be better invested in the Forex positions (trades). The forex market which is also called FX is not really as difficult as it seems. There is not that much technical vocabulary to learn, and the risk is considerably low, if you compare it to the other markets. If we assume that you have 40% loosing trades, you still have 10 trades left to bring you profit. The fact that part time job and home businesses seekers should really consider is that you can choose when to trade, how much to trade and where you want to trade; all you need is an Internet connection, and you are ready to tap in the biggest market of the world with $ 2 trillion activity everyday in the same way banks and large corporation do. Contrary to the trading of stocks, you do not have to start with a $1000.00 capital. You can start with as little as $250.00. When you trade a mini lot (10,000 units) of e.g. GBPUSD currency pair your entry ticket costs $28.00. So when the pair goes your way 1 point, you are $1.00 in profit and vice versa. You can also trade lesser trading units and you can trade for as little as $1.00. It is therefore possible to turn a $28.00 investment to a profit of $100.00 in 24 hours if the currency moves in your direction 103 points. Imagine been able to do this 2 times a week. In a good week, this pair moves an average of 400 points.The Forex market is not a get rich quick scheme it is easy to learn and understand. It is also easy to make money in the forex if you let someone dedicated to your success teach you. Mercedes made more money with FOREX trading than with car manufacturing this year. It is a good way to make $100(0) a day.Trade without money for 3-6 months on paper, than when you learnstart trading real money. Dont be greedy. 10-20 pips a day is enough.Start with $250 and build it up to thousands slowly. When you become a successful trader, you can live anywhere on the planet,and never have to be dependent on a JOB (Just Over Broke).1.Download Metatrader 4 from:http://www.interbankfx.com/WHEN YOU FOLLOW THE RULES, YOU WILL MAKE MONEY !YOU CAN QUIT YOUR JOB NEXT YEAR ...90 % OF NEWCOMERS FAIL BECAUSE OF GREED, SAME AS IN LAS VEGAS ...Read and study the whole thread.20 pips = $20 a day20 pips = $200 a day20 pips = $2000 a dayGeorge Soros from Hungary come to this country and made billions on Forex. In one single day he made 1 billion ... really the sky is the limit ...2.Here is the thread:http://fxovereasy.50webs.com/Home.htmlLet me known your results. This is my gift for you all. Some traders searched for years unsuccessfully for this gift.You can learn this on your own in few days.I am artist and a philosopher with no talent for numbers. But youdont need any talent for this, just follow the rules.Daliborhttp://www.myspace.com/dalibor777++++++++++++++++++++++++++++++++++++++++++Here is the detailed description of how to install this systemin to your Metatrader:First down load Metatrader 4 or Strategybuilder FX MT4 (there is a downloads link at the top of the page on this forum. My understanding is that the Metatrader 4 and Strategybuilderfx 4 are the identical. Once it is downloaded then double click to open it and make sure it is operational...then close it down.Now go to http://fxovereasy.50webs.com/Home.html click on "Indicator downloads" which will open up the list of indicators.If you left click on the top one (SHI Channels) you will probably get text. So right click on it and you'll get a drop down window...click on "Save target as..." (I found that sometimes when I did the right click first I would not get the window that contained "Save target as" so I found that I had to left click first...then click back and then right click), now you will see a "Save as" window.In the "Save in" window at the top you want it to read "Local Disk (C). Here is how you can get it to say that without typing it in... click on the arrow at the right side of the upper box. You will now see a drop down window...in it you will see "Local Disk (C)". Click or double click on it and it should then open up it the "Save In" box at the top. Now in the contents below you will see "Program Files". Click or double on it and "Program Files will now be in the "Save in" box (Ifound that if I clicked on the little file folder to the left of the text, it opened easier). Below you'll find "Strategybuilderfx 4 or Metrader 4". Click or double click on it and "Strategybuilderfx4 or Metatrador 4 will now be in the "Save in" box above with it's contents showing below. Find "experts" below, click or double click on it and "experts with appear in the "Save in" box above. Now you will find "indicators", on which you will click or double click and "indicators" will now appear in the "Save in" box above with nothing in the large area below. Down at the bottom right corner click on "Save"...now you are finished downloading that indicator.Now go back to the ForexOvereasy indicator download page and download the next indicator. You should find that when you click on "Save target as" it will take you directly to the last step, with "Indicators" already in the "Save in" box, so all you have to do is click on "Save" and its finished and you're ready to download the next indicator. Don't forget to go back to the home page and download the "New Stuff".Now that your indicators are all downloaded, go ahead and open your "Strategybuilderfx4/ Metratrader 4.On the left side under "Navigator" click on the + next to "Custom Indicators" which should open up and show you lots of indicators which include the ones you just downloaded. Right click on an indicator and then click on "Attach to chart". Do the same with all the indicators that you want to add...and you should be ready to go.You can switch the chart over to candlestick by clicking on the candlestick indicator at the top just to the right of center. I suggest you do this first.I find this tradestation a little difficult to use but that may be because I'm not used to it. It has lots of features.If you find that you want to delete an indicator, just right click on it and click on the "Delete indicator" line. (Some of the charts may already have some indicators installed that you may not want.) I have some charts where the candles are very close together and some that are just right...and I haven't figured out the remedy.Here is the chat thread, but dont complicate a great system, which cant be automated:http://www.strategybuilderfx.com/showthread.php?t=15112On this one page you have it all. If you follow the rules, and control your greed, you will become independently wealthy with this system. You are extremely blessed to read this page, as millions of new traders gave up from a lack of a good system. Many professional trader millionaires said, that this is the best system and if you cant work with this system, FOREX is not for you! See this chart how I made 50 pips (it could be $50 at start, $500 or $5000 every day) :http://img389.imageshack.us/img389/4428/usdchfii1.jpg*************************************************I see most people trying to make a system that should generate 1000 pips or 2000 pips per month, and try to enter every possible move. But the fact is, if you want to make $18 million in 5 years, all you need is discipline and 100 pips per month. Don't believe me? Read on....Assuming that there are 20 trading days a month, 100 pips would be an average of 5 pips per day. It doesnt matter if you do day trading or positional, if you do 1 trade or 100 trades, all you need is a system that can consistently make 100 pips for you every month.RULES:1) You need a system that can make 100 pips consistently every month per lot.2) Opening balance would be $5003) Trade is done only in mini lots4) 0.1 lot is allowed for every $500 balance. So if you have $1000 you can trade 0.2 lots and if you have $5000 you can trade 1.0 lots and so on.5) Emotions like greed, fear and hope have to be barred out.6) Once you made 100 pips in a particular month, you do not have to trade till the month is over. So if you make 100 pips in 2 days, you can quit for the entire month.RESULTS:After 12 months you will have $3,100After 24 months you will have $26,000After 36 months you will have $230,100After 48 months you will have $2,050,300After 60 months you will have $18,278,700Suprised ?So maybe you'd say no system can make 100 pips consistenly per month. OK, lets say if you were right. Would you agree with me that its comparatively easier to make 10 pips per month? Even if you target 10 pips per month, you would yet end up with $1.8m in 5 years using the same methodology.Trading is like painting a canvas, you should step back and try to look at the bigger picture than a trade or a single day alone. It is so true.So get rid of your greed and trade with nothing but common sense. Plz see the attachment for the break up of gains per month.http://www.traderology.com/forums/index.php?act=Attach&type=post&id=3*******************************************************
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