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Forex Trading Guide v1
Forex Trading Guide v1
com
Examples:
Take for example an importer who is based in the US and wants to import 5
Mercedes Trucks from Germany. He must exchange US Dollars for the European
Currency (EUR) in order to pay for his import, so he must make a transaction in the
Forex Market.
Importer Buys EUR and sells USD
In the opposite example, a tourist from Germany wants to visit New York so in order
to pay for his hotel he must exchange Euros for US Dollars. This transaction will also
be made in the Forex market.
Tourist Buys USD and sells EUR
Forex Majors (the most popular and traded pairs: EURUSD, GBPUSD,
USDJPY, USDCHF, USDCAD, AUDUSD and NZDUSD)
Forex Minors (less popular pairs and thus more expensive to trade)
Forex Exotics (no-popularity and thus very expensive to trade)
Moreover, there are automated systems trading only as the Asian Session begins.
These short-trading systems are commonly scalping the market. Many of these
Scalping Systems are presented in Chapter-7.
volume. Cost may be also the outcome of slippage. ECN/STP brokers offer by rule
the lowest slippage in the market.
The ECN/STP Forex brokers are the only choice of professional and advanced Forex
traders and the only choice for all those wishing to trade Forex via automatedtrading systems (explained in Chapter-7).
Note: Not all ECN/STP brokers offer good trading terms to their clients. There are
good, medium and bad performers as in every other industry.
Here are two examples of an ECN/STP Broker offering EURUSD:
i)
ii)
SEGREGATED
REGULATED
BANK
EXECUTION
MINIMUM
WELCOME
MODEL
DEPOSIT
BONUS
ACCOUNTS
INFO
Review
FSA UK,
XeMarkets
CySEC
Cyprus, ASIC
Broker
Yes
STP MODEL
$5
30% up to
10,000USD
XeMarkets
Australia
Web
ASIC
Review
Australia,
IronFx
FCA UK,
Broker
Yes
ECN / STP
$500
50%
CySEC
Ironfx Web
Cyprus
Review
ASIC
AvaTrade
Australia and
DEALING
Yes
DESK
CBI Ireland
$100
50% up to
10,000USD
Broker
Avatrade
Web
Review
Broker
MiFID
HotForex
Europe and
Yes
ECN / STP
CySEC
$5
30-100%
HotForex
Web
The Rating Formula Series includes all the major factors forming the ideal Broker.
This innovative rating formula is designed by TradingCenter.org. Here are the four
(4) generic rating categories forming the maximum rating value of 100%.
Forex Guide v1.0 Qexpert.com
10
WEIGHT (%)
26.0% Rating +
28.0% Rating +
26.0% Rating +
Factor-4: Technology
20.0% Rating =
100% max
11
12
You may withdraw a Withdrawable Bonus by trading it several times according to the
Terms & Conditions of any promotion.
From the other hand, you can not withdraw a credit bonus but you may still
withdraw the gaining generated by a credit bonus.
13
14
GOptions
US TRADERS
Yes
TRADING
Max Payout:
90%
70+ Assets
MINIMUM
DEPOSIT & BONUS
$200
25-100% Bonus
INFORMATION
Review
Broker
Web-Site
CapitalOption
No
Max Payout:
85%
90+ Assets
$100
100% Bonus
Review
Broker
Web-Site
Banc De
Binary
No
Max Payout:
75%
90+ Assets
$250
50% Bonus
Review
Broker
Web-Site
OptionRally
No
Max Payout:
78%
70+ Assets
$200
30% Bonus
Review
Broker
Web-Site
StockPair
OptionsXo
Yes
No
Max Payout:
82%
120+
Assets
$200
40% Bonus
Max Payout:
89%
40+ Assets
$100
Up to 100%
Bonus
Review
Broker
Web-Site
Review
Broker
Web-Site
Note: Brokers Features & Promotions presented in this eBook may change any time.
15
REBATE PLAN
US
CLIENTS
MINIMUM
DEPOSIT
FUND
METHODS
Learn more
here
Find more
Information
FinFx $0.6 /
lot discount on
ECN Accounts
FinFx
The same
$0.6 / lot for
ECN Pro
Finnish
Broker
Yes
Accounts
INFO
$150
Or
0.25 pips
manual rebate
for Micro
Accounts
Forex Guide v1.0 Qexpert.com
Bank Wire,
Credit
Cards,
MoneyBook
ers
Automatic
ECN Rebate Link
Minimum deposit
$1,000
Automatic
ECN Pro Rebate
Link -Minimum
deposit $10,000
16
ECN BROKER
REBATE PLAN
US
CLIENTS
MINIMUM
DEPOSIT
FUND
METHODS
INFO
FINFX MINI
ACCOUNT
Manual
Rebate Link Minimum deposit
$150
DUKASCOPY
BANK
Learn more
here
Dukascopy
Bank
Swiss Broker
Dukascopy
Europe
Branch of
Dukascopy
Bank
Dukascopy
40% Rebate
No
on all
$5,000
commissions
Bank Wire,
Credit Cards
charged
Dukascopy
10% Rebate
No
on all
$100
commissions
charged
Bank Wire,
Credit Cards
During the
registration
process at the
step KNOW US
FROM indicate
8410 as your
Introducing Agent
Register at
Dukascopy Bank
-Indicating
Known us from
IB 8410
DUKASCOPY
EUROPE
Learn more
here
During the
registration
process at the
step KNOW US
FROM indicate IB8411 as your
Introducing Agent
Automatic
Rebate link
17
2. Swing Traders
WHAT THEY DO?
They open and close positions lasting from 1 day to 15 days. They aim to exploit
mid-term trends because 1 week is considered mid-term in Forex Trading. Swing
traders are some of the most successful Forex Traders there is. They avoid trading
intraday as they dont like the so called market noise of intraday trading.
REQUIREMENTS:
Swing trading is one of the best ways to trade Forex. In order to evolve as a Swing
Trader you need a little bit about everything. You need narrow spreads, reasonable
Forex Guide v1.0 Qexpert.com
18
swap charges, relative good technology and also a broker offering a wide asset
index. Swing traders are using both technical and fundamental analysis.
4. News Traders
WHAT THEY DO?
They are trading important news and events, perfect information and top technology
are considered absolutely a must for News-Traders.
REQUIREMENTS:
The same requirements needed as the Intraday Traders (News-Traders are Intraday
Traders too).
5. Forex Scalpers
WHAT THEY DO?
As it was mentioned in Chapter-1, scalpers open and close positions in tiny
timeframes lasting less than one minute. They aim to scalp the market and earn 210 pips.
REQUIREMENTS:
Scalpers need perfect technology and minimal transaction cost -But all that is needed
in a much higher extend than the case of the usual intraday trader. Usually scalpers
Forex Guide v1.0 Qexpert.com
19
are not trading Forex manually but instead they trade via the use of an automated
system (copier or Robot). You can learn about automated scalping systems in the
Chapter-7 of this eBook.
Keep in mind that usually scalpers trade exclusively three currency pairs. The reason
is that these 3 pairs enjoy high liquidity and therefore minimal transaction cost:
i) Euro against the US Dollar (EUR/USD)
ii) British Pound against the US Dollar (GBPUSD)
iii) US Dollar against the Japanese Yen (USD/JPY)
20
COST
77 USD
per month
97 USD
for one-time
97 USD
INFORMATION
Review System
Visit Web
Review System
Visit Web
Review System
21
SIGNAL
PROVIDER
STYLE
Trading
SMS Alerts
AUTO BINARY
OPTIONS
SIGNALS
ELITE SIGNALS
FX TRENDY
SYSTEM
Manual
Trading
SMS Alerts
eMail Alerts
Automated
Trading
Manual
Trading
Manual
Trading
eMail Alerts
TRADING
Currencies
Gold
Trading
Stocks
Trading
BINARY
OPTIONS
TRADING
Forex
Currencies
Stocks &
Indices
Trading
Forex
Currencies
Gold
Trading
Forex
Currencies
COST
INFORMATION
for one-time
Visit Web
120 USD
for one-time
49 USD
per month
37 USD
every 3months
Review System
Visit Web
Review System
Visit Web
Review System
Visit Web
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23
FAP TURBO
FOREX ROBOT
WALLSTREET
ROBOT
GPS FOREX
STYLE
Scalping
many Forex
Currencies
in the M15
Chart
Scalping:
EUR/USD,
GBP/USD,
USD/JPY,
USD/CHF,
AUD/USD,
NZD/USD
Scalping
many
currencies
during the
Asian
Session
VOLATILITY
ROBOT
Scalping
only
EUR/USD,
GBP/USD
FX MEGADROID
Scalping
only
EURUSD
PLATFORM
MetaTrader4
MetaTrader4
MetaTrader5
MetaTrader4
MetaTrader5
MetaTrader4
MetaTrader4
ZuluTrade
ONE-TIME
COST
149 USD
for one-time
Free
Lifetime
Updates
1 Forex
License
299 USD
for one tine
3 Forex
Licenses
Free the
Omega
Indicator
149 USD
for one time
1 Forex
Account
License
190 USD
for one time
1 Forex
Account
License
67 USD
for one time
INFO
Review System
Visit Web
Review System
Visit Web
Review System
Visit Web
Review System
Visit Web
Review System
Visit Web
Find Expert Advisors and Trading Systems Reviews at ForexAutomatic.com
24
CODE
SYMBOL
FOREX SLANG
US DOLLAR
USD
Dollar Buck
EUROPEAN EURO
EUR
Fiber
SWISS FRANC
CHF
CHF
Swissy
BRITISH STERLING
GBP
Cable
JAPANESE YEN
JPY
CANADIAN DOLLAR
CAD
Loonie
AUSTRALIAN DOLLAR
AUD
Aussie
NZD
Kiwi
Yen
25
Source: Aite Group Global FX Market Update 2013: Increased Market Transparency, More Competition
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COPYRIGHT INFORMATION
ALL RIGHTS RESERVED. No part of this eBook (including text, information,
tables, analysis, resources and images) may be copied, reproduced, mirrored
or sold.
DISCLAIMER AND LEGAL NOTICE
The information presented in this eBook represents the view of the author.
Every attempt has been made by the author to verify all information included
in this eBook, but there is no guarantee about the accuracy and the reliability
of any information presented in this eBook. In addition, this Forex Guide
includes affiliate links. This eBook is not intended for use as a source of
financial or investment advice.
RISK WARNING
There is considerable exposure to risk when trading Forex, Futures and
Options. Trading Forex and other leveraged products involves a significant
level of risk and is not suitable for all investors. Before undertaking any such
transactions you should ensure that you fully understand the risks involved
and seek independent advice if necessary. The possibility always exists that
you could sustain a substantial loss. Never trade with funds that you may
need in the future. Past performance is not necessarily indicative of future
results. Any opinions, suggestions, brokers, systems, services, software,
reviews, promotions, bonus, rebates, links and web-sites mentioned on this
eBook are provided as general market commentary, and do not constitute
investment advice in any way.
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