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, if you are serious I will talk
to you one on one on yahoo messenger, just
fill in the box below, to contact me
 Ric's
Hot FOREX System
Also you can
contact me below for a copy
of my 
Forex trading system which I
sell to recover the hours and
hours I spent developing it |
Your Partner in Prosperity
Ric |
