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www.makeforexeasy.com

WARNING!
If you want lots of theory and complicated strategies, you're in the
wrong place. But we are sure you don't need another classic "learning
material". What you need are cutting edge ideas and tools that will
help you generate money. Today.

About the authors and this e-book

MakeForexEasy - the creators of the popular forex basics & secrets in 15 minutes deliver a fresh and
unique approach to mastering the forex market wich has helped many people accross the globe to earn
a living and more by trading forex.
This e-book will help you master the skills of forex trading in the fastest time possible! And it doesn't
matter so much what education and background you have! Our experience shows quite stunning results
- people with no previous financial market experience often show better performance than those with the
experience! Watch the TV series Million dollar trader where this fact is confirmed as well.
Long gone are the times when you had to have thousands of dollars to participate in the forex market.
Now you can start trading with 100$ - 200$ and even less. Gone are also the times when you had to
spend months and years reading piles of head-wrecking books about economical analysis. We have
gathered and filtered the the most functional information and tools that you need to know about forex
trading in order to jumpstart a successful trading of currency and other commodities.

table of contents
the golden fundamentals
Forex market at a glance

Breaking the biggest forex myth

Forex Glossary

What inuences the exchange rates

The golden tool - leverage

Trading strategy examples

9 - 10

Top 10 expert tips for success

11

How to read graphs

12

forex trading platforms

How to choose the right platform

13

Top 5 forex trading platorms

14

Platform reviews

15 - 19

how to make the gurus work for you

The revolutionary learning & trading system

20

Top features of copy trading systems

22

How to choose the right traders to copy

23

forex market at a glance

Make money even in times of crisis
While the stock market and commercial bank deposits are in
deep depression during the crisis, Forex profits, because any
change in currency can be used to make profit. A falling
market is as profitable for Forex trading as a developing one.

Work while lying in a hammock

All you need to start making money is a computer or a
smart phone and an Internet connection. Your work
space and goals are up to you!

100$

Start with $100

Unlike other finance markets, Forex doesnt require big
savings for you to take part. You can have significant
results by starting with just 100$.

Easy rules
Unlike stock markets with tens of thousands of different
shares, Forex works with 8 basic currencies which are the
centre of most trades. Moreover, there are significantly less
factors that influence currency exchange rates than in the
stock market.

Take your money whenever you

want
A $50 billion market isnt just a miraculously beautiful
number it is also what ensures that you can sell or buy
any amount of currency you wish at any moment.

breaking the biggest forex myth

We strongly advice you to avoid all the resources that are telling you that Forex market is a fairy-tale place
where you can trade 24/7! The timing in forex trading is crucial!
Forex market is open 24 hours a day, but it is not active all this time! In forex trading money is being made
when the market is active - when traders are bidding on the prices, so it is crucial for you to learn about the
most productive hours of the day and of the week for trading the forex!
There are three major sessions of the forex market: London, US and Tokyo session. The busiest times are
when the sessions overlap as traders can then purchase currencies from different continents. The forex
market of London is usually the most active as it involves many countries of the European Union. US
market comes next, so the time when London session intersects with US session usually provides the
biggest returns. Expert traders consider that 10 AM is the best time as this is the period when London
market is preparing to close the trades and traders are getting raedy to move to US market. This creates
big swings in the currency prices thus opening great opportunities for profit.

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EST time

London
New York
Sidney
Tokio

THE BEST TIME OF THE WEEK TO TRADE FOREX

According to researches the biggest movements in the four major currency pairs (EUR/USD, GBP/USD,
USD/JPY, USD/CHF) is observed on Tuesdays and Wednesdays. Fridays are busy as well, but only until
12:00 AM and during the second half of the day the movements can be very unpredictable

Best time
MON

TUE

WED

THU

FRI

SAT

SUN

forex glossary

FOREX
foreign

Forex is an international currency market

with daily deals worth $4 billion.

exchange

The most common currency pairs

The trade in Forex occurs between two
currencies, because one currency is being
bought and another sold at the same
time.

EUR /USD
GBP/USD
USD/JPY

USD/CHF
EUR /JPY
USD/CAD
EUR /USD

28 %

EUR /USD
Base
Currency

Quote
Currency

TOP PAIR

1/3 ofdealsall

EUR/USD
Buying price (Bid)

1.3000

Selling price (Ask)

spread

1.3001

point
The smaller the spread,
the more liquid the currency!

Point (Pip)
The fourth unit after the
decimal point, which is the
smallest unit of an exchange rate.
Spread
The difference between the sell
quote and the buy quote (in pips).

What influences exchange rates?

Central banks

State economics

Finance circulation
Interest rates
Mandatory reserve funds

Example

GDP, inflation, debt

Sales amounts
Interest from investors

Politics

Stability of governments
Public statements
Change of officials

How the Euro exchange rate dropped

Prime Minister
of Greece announces
referendum

EUR /USD

Berlusconi
resigns

ECB announces
a new president

Nov 1
2011

Central banks
agree to stimulate
liquidity of financial transaction

Dec 1
2011

The EU cannot
agree upon
changes in the
treaty

Source: Morgan Stanley Research, Bloomberg.

the golden tool - leverage

Term

Leverage

Leverage allows one to go through with

deals involving amounts of money that
exceed the amount originally invested.
This is an opportunity to gain significant
profit with even small changes in
exchange rates.

Example

Leverage: 1:100
Invest $1000.
Trade with $100 000!

Besides, each point by which the exchange

rate changes will be multiplied by 100, in your favour!

The leverage effect, naturally, also works

the other way around in case of loss it
increases its amount. However, there is a
solution to loss the Stop-Loss Order.
While using Leverage, the profit potential is limitless, but the loss will never
exceed the original investment. The best
platforms let you set a Stop-Loss Order
and automatically close the position
once the exchange rate drops below the
deposit.

Make sure you have

set
the
Stop-Loss
Order before you start
trading!

Trading strategy example 1

1

Following news

Sept.
Sept.16,
16,2011.
2011.

Information about a repeated crisis

situation in Europe appeared as early as
september 2011. It was already possible
then to predict that the euro exchange
rate should drop soon.

World braces for second

wave of the crisis

EUR /USD

1.4000

1 lot* ($1380) selling position is

being opened, with a leverage
ratio of 1:10 and an exchange
rate of 1.3800

1.3500

3
1.nov
2011

1.dec
2011

Choosing the
transaction

1.3000

Making the
transaction
A month later, the open position is being closed with and
exchange rate of 1.3108.
The rate difference is 692
points in my favour (1.38001.3108).

Profit $6920
692 points
(leverage)

Term

*Lot

A lot is the standard transaction size in the

Forex market, that equals 100 000 units
of the base currency.
A mini lot = 10 000 units.
A micro lot = 1 000 units.

1(lot)

10

Trading strategy example 2

1

Choosing a platform
Even if youre new to Forex, there are
beginner friendly platforms like ETORO
or Ava FX that offer you an interesting
opportunity to follow the best traders
and copy their transactions.

Follow the leaders

TOP traders

Start following the best traders and

watch their activities.

Rudolph Boyle

Follow
Follow

Alex Slovacek

Follow
Follow

Daniel Lanham

Follow
Follow

Copy their ideas

After you choose a top trader whose
actions you wish to copy, decide upon an
amount of money to invest into copying
his transactions and press copy.

Profit
Now you can sit back and watch a
professional make transactions for you.
This is also a good way to learn Forex
actions and tips in a real-life trading
environment.

The reviews of aforementioned and other best platforms can be found in the
Platform TOP at the end of this e-book

top 10 expert tips for success

1

Start gradually

Dont open many positions at the

same time. Its better to choose
fewer positions, but weigh each of
them carefully.

Stop-Loss order

An essential mistake beginners

is closing the transaction too
and thus not using the full
potential. Trends last longer
they might seem at first!

People often forget to limit their loss

and therefore have to step out of the
game very soon. With the Stop-Loss
Order, you will be able to control the
situation if the rates change
unexpectedly.

Rule of 1/6

Stick to the plan

Each good trader has their own plan,
and the best make an effort to hold
on to it. Those who have the time,
make daily transactions, others
choose long-term strategies. Keep it
steady!

Multiple time frames

Diferentiate the time frames of
analysis: weekly graphs are used to
observe trends, daily and hourly
graphs to observe the best time to
open and close positions.

make
soon
profit
than

Dont play against

the trend
Transactions against a trend usually
result in loss. Wait for a beneficial
tendency and then make your move!

Specialists advise against risking

more than 1/6 of your free capital
when
you
arent
completely
confident.

Dont stop the profit

If in doubt, follow
the leader
If you still arent confident about
your decisions, choose a platform
that lets you follow leaders and copy
their transactions.

Trends have momentum

Beginners often dont know that
when trends start, they develop
quickly because they are increased by
traders following them. Use trends in
your favour!

10 Close the unsuccessful

Dont hold unsuccessful positions
open for a long time. Experience
shows that its best to close them
early and move on to others.

how to read graphs

The market can be analysed in several time frames: 10 minutes, hours, days, weeks.
It may often seem that these indicators are contradictory. However, they arent, you
just need to combine their readings. Analyses of longer time periods show
tendencies, ignoring accidental changes, whereas daily and hourly graphs help in
choosing the moment to open and close positions.

Example

MULTIPLE TIME FRAME ANALYSIS

time
X

Let us look at a daily graph.

What do most traders do
when they see such a curve?
They assume that its the
beginning of a downward
tendency and bid on the drop
of the currency exchange
rate. And theyre wrong!

1600

1550

10

17

24

1500

November

time
X
1900

Now lets look at the same

currency over a longer period
of time. We see that the
daily shift was accidental
and the tendency is upward
and not the other way
around.

1600

1300

Aug

Sep

Okt

Nov

Dec

Conclusion

For a successful and precise market analysis, one has to use at least 2-3 time frames!

how to choose the right platform

There are many companies that offer margin trading (Forex) services, and without
the knowledge of the essential criteria, its easy to get confused in the large offer
and choose an unsuitable or, in the worst-case scenario, an unreliable service
provider. What is the most important when choosing a platform provider, and how
does one orientate themselves in so many offers? Below is a compilation of some
advice from several professionals in the Forex market, which can be narrowed down
to four basic criteria:

Reputation of the company

Evaluate the popularity of the platform provider whether
there are any complaints about the services and what those
complaints are, what the customer service is and whether or
not profit payments are ever delayed.

Convenience of the user interface

1

You have to evaluate how easy and convenient it is to use the

platform, what analytical options and extra tools it uses. It is
best to check it by using demo accounts that are offered by the
best platforms.

Commission for paid transactions

The commission payments for transactions are described by the
Spread, which is the difference between the bid and offer price
of the currency. The bigger it is, the more you will have to pay
the service provider. In commercial banks that offer Forex platforms, these commission payments are usually higher than
independent platforms.

Money transactions
The best platforms provide the opportunity to use
Internet-banks, credit cards or online payment operators
PayPal or WebMoney, which are the most convenient and easy
methods of receiveing funds.

Best platforms of 2012

For optimum results

recomended to
invest at least $100*
Platform

Min. Deposit

Leverage

Rating

ETORO

$50

1:400

visit site

Ava FX

$100

1:200

visit site

Easy Forex

$25

1:200

visit site

UFX Markets

$100

1:200

visit site

Plus 500

$100

1:50

visit site

* $100 allows you to open a position of 1 Lot using a leverage of 1:100, thus keeping your risk lower.

1. etoRO platform review

best for

beginners

One of the most innovative and acknowledged platforms with the biggest number of
clients more than 1.5 million users around the globe. Reasonably considered to be
the most user, especially beginner-friendly and easy to understand platform. The
interface is really amazingly convenient and visually appealing; sparing you
complicated mechanisms and difficult-to-understand information. eToro is known for
its unique social trading tools that let you follow other traders actions, discuss and
copy the transactions of your favourite traders.

Pros
Super friendly for beginners
Community for sharing & learning
Social trading tools
Possibility to follow & copy
professionals

Facts
Founded in: 2006
Registrated in: Cyprus
Regulators: CYSEC, MiFID
Minimal deposit: $50
Leverage: up to 1:400
Spreads: EUR/USD 3 points
Payments: Creditcards, Paypal,
BankWire, MoneyBookers, Webmoney
Commissions: No*
Contacts: + 1-866-350-0881,
support@etoro.com
* Overnight commissions might be applicable

Platform pictures

visit site

2. Ava FX platform review

best of

all-in-one

Multiple award winning platform that is known for its reliability. The platform is well
suited both for beginners and experienced traders as it is easily adaptable to your
needs and preferences. A great feature is that Ava FX lets you customize and save
your chosen layout and features. And the best part is the Mirror Trading which is
similat to eToros CopyTrader, and allows you to use the knowledge of experienced
traders by verifying your decisions and comparing them to Pros strategies. You can
also use Semi Mirroring, which allows you to see buy and sell signals in real time.

Pros

Mirror trader
Customisable dashboard
24h support
Ultra high security

Facts
Founded in: 2006
Registrated in: Ireland
Regulators: Central Bank of Ireland
Minimal deposit: $100
Leverage: up to 1:200
Spreads: EUR/USD 2 points
Payments: Creditcards, Paypal,
Webmoney, MoneyBookers, Wire.
Commissions: No*
Contacts: +1-212-941-9609,
customer@avafx.com
* Overnight commissions might be applicable

Platform pictures

visit site

3. Easy Forex platform review

editors

choice

A friendly but still serious and trustworthy platform which has raised a lot of
professionals. This platform offers one of the easiest sign-up processes and multiple
payment receival options. A pleasant feature is the super low minimal deposit - just
$25. With one trading account you can trade from desktop, smart phone, iPhone
BlackBerry or PDA. The variety of market reviews and analyses offered by this
platform is especially remarkable, which helps you make the right decisions.

Pros
Extra easy & fast sign-up
Low minimal deposit
Free market analysis news

Facts
Founded in: 2003
Registrated in: Cyprus
Regulators: CYSEC, MiFID
Minimal deposit: $25
Leverage: up to 1:200
Spreads: EUR/USD from 3 points
Payments: Creditcards, Paypal,
Bank Wire
Commissions: No*
Contacts: cs@easy-forex.com
* Overnight commissions might be applicable

Platform pictures

visit site

4. UFX Markets

UFX Markets offer their own unique trading platform which is very well designed and
pleasant to use. Unlike many other platforms out there which have multiple screens
for different currencies and charting tools, the UFX Markets platform offers a single
handy dashboard without unnecessary distractions. UFX also features a daily news
video which is very handy and saves you a lot of reading time. Regarding customer
service our advice is to use the chat instead of email which provided faster feedback.

Pros
Super fast set-up, no income or
document scans required
Daily news video
High class interface

Facts
Founded in: 2011
Registrated in: Cyprus
Regulators: CYSEC, MiFID
Minimal deposit: $100
Leverage: up to 1:200
Spreads: EUR/USD 3 points
Payments: Creditcards, Bank Wire,
Money Bookers
Commissions: No*

* Overnight commissions might be applicable

Platform pictures

visit site

5. Plus 500 platform review

A popular platform which has proven itself since 1999. The program is also available
for mobile devices including iPad which will allow you to make transactions wherever
you are (Highest rated broker in UKs app store). With Plus500 you can trade not only
currencies but also oil, gold, silver and even such commodities as coffe or sugar!

Pros

Ease of use
Low spreads
Premium for rst deposit till 30%
Available for many devices

Facts
Founded in: 1999
Registrated in: UK
Regulators: FSA
Minimal deposit: $100
Leverage: up to 1:50
Spreads: EUR/USD 2 points
Payments: Creditcards, Paypal,
Bank Wire
Commissions: No*
Contacts: +44 203 002 7290,
support@Plus500.com
* Overnight commissions might be applicable

Platform pictures

visit site

section ii

how to make

forex gurus
work for you
the revolutionary
learning & TRADING
shortcut
R
O
F
T
A
GRE
B U SY
PEOPLE

you dont have to be a guru

to trade like one
Imagine being able to peek into the minds of the
successful Forex traders! Now imagine being
able to simply copy their deals and let them work
for you! Now its all possible - with Trader Copy
system!

MAKE TOP TRADERS WORK FOR YOU

with 3 easy steps
Trader copying system is a revolutionary new
approach to forex trading instead of worrying
about which currencies or commodities to buy
you now can create a portfolio of the best
traders whose trades will become your trades!
All you have to do is choose which trader you
want to follow by analyzing their portfolio and
performance.

1.

After finding a trader you like you can start

copying their trades with a few clicks, adjust the
amount of $ you wish to dedicate and then just
lean back and and watch how the profit grows
and learn from their performance and advice
which they share to their followers.

2.

FIND

3.

FOLLOW

copy

top3 copy-trade platforms

best of show
award 2012
MirrorTrader

CopyTrader

ForexCopy

Learn More

Learn More

Learn More

TM

Finovate Europe 2012 - Financial and Banking Technology Innovation Awards. London.

top features that will drive

your profits to a new level.
Uncover the strategies
of top ranked traders

Create your dream team

of Forex traders

Etoro platform connects you to the best global

traders in the market. You can see all their
trading activities in real time, analyze their
performance and strategies. Talk to the traders
to spot new trading opportunities and upcoming
trends!

Etoro lets you create a team of the best traders

with different styles and portfolios so you can
hedge your currency traders also with the best
oil, gold and other commodity deals. In
comparison with forex robots or forex managers,
the traders you copy are fully commited to
perform at their best as they are putting their
money in the deals!

Roy Deloni bought EUR/USD

@ 1.364

2 minutes ago
Like | Comment | Follow

You

When will $OIL go down?

Roy

Looks like tomorrow!

Roy

Looks like tomorrow!

Full transparency and

control over the trades

Reduced risk with

proportional trading

All the data about the copied trades is completely transparent and easy to access. If you
dont like how the trade is going you can either
allocate a different amount of your budget to it
or simply close a trade whenever you wish.

Regardless of the amount of funds you set to

copy the trader with, all trading will be done
proportionally. For example if you allocate $500
dollars to a trader who has an account of $5000
and he opens a position with $1000 you will do
the same with $100.

How to choose the right

traders to copy?
1. Use the advanced filters
in Guru search

2. 99% WIN RATIO CAN BE BAD!

Traders often miss out the extra filters that lie

under the Risk slider. This is a great tool to find
the best traders that match your risk appetite,
demand for experience and consistency.

High Win ratio stats can be tricky! Often it

means that the trader has left open multiple
loosing trades without a StopLoss - just to have
high stats. Analyze the Open Trades sheet!

win ratio
~75-80%
3. Keep an eye on the
Profit days.
A new sorting criteria in the ranking system that
allows you to see how consistent is the trader in
his correct decisions. This tool is best used in 6
and 12 month period and it lets you seperate
the longterm gurus from those who just got
lucky.

4. Look for gaps!

Observe the profit and loss line the smaller the
gaps, the better. The gains should be steady - it
means that the trader sees the big picture and
uses both fundamental and technical analysis.

profit days

Check out etoro copy trader

thanks for reading and good luck!

www.makeforexeasy.com