Ric's
Hot FOREX System
Click
Here for a
copy of my  Forex trading system which
I sell to recover the hours and hours I
spent developing it.
Stop Press: I
have found the Grail, it isn't the Holy
Grail, but it is the Grail and it is now
in my new system. |
After many, many hours of
searching, I have placed on this page the
best in Forex
that I can find, make a
comment in the comments box on the right,
to give me
feedback so that I can improve,
please only sensible comments |
First Forex? What is it,
anyway?
The market
The currency trading (FOREX) market
is the biggest and fastest growing market on earth.
Its daily turnover is more than 2.5
trillion dollars.
The participants in this market are
banks, organizations, investors and private individuals,
just like you.
The goods (merchandise)
Markets are places to trade goods,
and the same goes with FOREX.
The Forex goods are the currencies of
various countries. You buy Euro,paying with US dollars,
or
you sell Japanese Yens for Canadian
dollars.
That's all.
How does one profit in Forex?
Obviously, buy cheap and sell for
more! The profit potential comes from the fluctuations
(changes)
in the currency exchange market.
The nice thing about the FOREX market, is that regular
daily fluctuations, say - around 1%,
are multiplied by 100!.
How risky is
Forex trading?
You
cannot lose more than your "margin" (your
initial investment)! You may profit unlimited
amounts, but you never lose more than
what you initially risked. However, risk only what you
can afford and is not vital for your
well-being.
How do I start trading?
Register Here and start
Trading!
How do I monitor my Forex trading?
Online, from anywhere, anytime. You have full control
to monitor status, check scenarios,
change some terms in the deal, or close
it.
Want to know more? Want to get on-line
training? Register here and start Trading!
(quick, no obligation and you get a
Free $5 to get you started, nothing to lose!),
I'll be glad to
guide you, every step of the way.
Secondly, some
benefits of trading in the forex market
1. You always maintain control over
your own money, in your own account.
2. The effort you put in is rewarded
handsomely.
3. The Forex market will not 'disappear
overnight', it is a legitimate form of trading
4. My system is simple and I will guide
you step by step and give you free advice if you need
it
So if you are ready to start
then...
First join Marketiva by clicking here
Join Marketiva now and receive FREE
$5 starting capital
Once you have joined, download the streamster
program at the site, this will be your tradiing
platform, or the place where you will
buy and sell Forex trades.
A little about the Forex market (you
will find lots of good info at the Marketiva site)
Buying and
Selling
In the Forex market, currencies are
always priced and traded in pairs, an example of a pair
would be the euro and the US dollar.
You simultaneously buy one currency
and sell another, but you can determine which pair of
currencies you wish to trade.
For example, if you believe the value
of the euro is going to increase against the U.S. Dollar,
then you would buy (known as going long) on the EUR/USD
(currency pair).
Obviously, the objective of Forex currency
trading is to exchange one currency for another in the
expectation that the market rate or price will change
so that the currency you bought has increased its value
relative to the one you sold.
If you have bought a currency and the
price appreciates in value, then you must sell the currency
back in order to lock in the profit.
An open trade or position is one in
which a trader has either bought or sold one currency
pair and has not sold or bought back the equivalent
amount to effectively close the position
Trading in more than one pair requires
advanced skills, so for now and for simplicity we will
only trade Eur/Usd
If you are having trouble understanding
Marketiva, here is an easy step by step guide to trading
Click here for an easy guide to Marketiva
trading
Now go to this
site
Click here for the Forex euro/usd trend
chart and bookmark it
Rule 1.
Always follow the trend arrows shown in
Click here for the Forex euro/usd trend
chart
You are only going to place a trade
in the direction of the arrow, either Bull (up which
is a buy signal) or Bear (down) which is a sell signal.
so on your Marketiva account only trade
live using your free $5 and place a buy or sell by clicking
the eur/usd under currency pairs.
A window will pop up, make sure you
have buy or sell correctly, set the quantity to 10 and
you can set an exit target to plus 20 for up (buy) or
minus 20 for down (sell) this is known as your target
profit (TP)
You can also set what is known as a
stop loss (SL) to protect against losing too much if
the direction goes against you. For a buy set a stop
loss of say -20-40, for a buy set a stop loss of +20-40.
The disadvantage of a stop loss is that
if the SL is hit and the trend reverses you lose the
SL amount, but it protects you against huge movements
against you which could wipe out your account. Huge
moves happen at News time, these are specific times
in the day (usually around 8-30 EST) when currency
news is anounced and there are huge swings in the market.
You can see these swing anouncements
here Click
here for Daily Forex News anoucements and
a good place to get free signals Here Click Here for the best Freee
forex signals on then net
Rule No.2. only place one trade at a time, DO
NOT go against the trend arrow on the chart. If the
movement goes against you, place an opposite trade of
equal amount to 'balance your account' then for a large
movement you can close both trades in front. As you
get more skilled you can place more trades, but always
only do so in the direction of the signal on the fx-chart.
Now to give you more information on
trends, movements and buy and sell signals, you can
go here, to download the system
Click here for The fx over easy Forex
trading system
You will also need to download Metatrader
4 for free here:-
Click to download Metatrader 4 Client
Terminal
Once you have that installed, download
the indicators, here is where you may need help, go
here for a good page Click here for how to install and use
Metatrader Client terminal
If you get stuck you can contact me
by filling in the contact box below
For more advanced trading, click on
the forexoverasy link on the left, you may need some
help getting it up and running, you don't strictly need
it, but it does give more info on trends and is great
for later on when you have more experience.
As you get more confident you can deposit
more money in Marketiva to build up your profit, for
instance deposit $10 increase your trade 10 times to
100 and so on.
That's it, you can always contact me
on the form below if you are serious I will talk to
you one on one
Your Partner in Prosperity
Ric
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