Professional Documents
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forex TRADING
15 minute turbocourse
ultimate COLLECTION
you
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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.
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 4
• Forex Glossary 6
• Platform reviews 15 - 19
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.
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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London
New York
Sidney
Tokio
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
foreign exchange
EUR /USD
28 %
EUR /USD
Base Quote
Currency Currency
EUR/USD
Point (Pip)
Buying price (Bid) Selling price (Ask) The fourth unit after the
decimal point, which is the
1.3000 spread 1.3001 smallest unit of an exchange rate.
Spread
point The difference between the sell
quote and the buy quote (in pips).
Example
How the Euro exchange rate dropped
Prime Minister
of Greece announces EUR /USD
referendum
Berlusconi
resigns
Central banks
agree to stimulate The EU cannot
liquidity of finan- agree upon
ECB announces cial transaction changes in the
a new president treaty
Nov 1 Dec 1
2011 2011 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!
EUR /USD
1.4000
2 Choosing the
transaction
1 lot* ($1380) selling position is
1.3500 being opened, with a leverage
ratio of 1:10 and an exchange
rate of 1.3800
3 Making the
1.nov 1.dec
1.3000 transaction
2011 2011 A month later, the open posi-
tion is being closed with and
exchange rate of 1.3108.
The rate difference is 692
points in my favour (1.3800-
1.3108).
$ Profit $6920
692 points x 1(lot) x 10
(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.
Trading strategy – example 2
1 Choosing a platform
Even if you’re 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.
$ 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
Example
MULTIPLE TIME FRAME ANALYSIS
time
X
time
X
1900
Now let’s look at the same
currency over a longer period
of time. We see that the
daily shift was accidental 1600
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, it’s 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:
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
* $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 Facts
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 eToro’s “CopyTrader”, and allows you to use the knowledge of experienced
traders by verifying your decisions and comparing them to Pro’s strategies. You can
also use Semi Mirroring, which allows you to see buy and sell signals in real time.
Pros Facts
Platform pictures
visit site
3. Easy Forex platform review editor’s
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 Facts
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 Facts
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 UK’s app store). With Plus500 you can trade not only
currencies but also oil, gold, silver and even such commodities as coffe or sugar!
Pros Facts
Platform pictures
visit site
section ii
how to make
forex gurus
work for you
the revolutionary
learning & TRADING
shortcut
AT F O R
GRE
B U SY
PEOPLE
you don’t 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 it’s all possible - with Trader Copy
system!
1. 2. 3.
MirrorTrader CopyTrader TM
ForexCopy
Finovate Europe 2012 - Financial and Banking Technology Innovation Awards. London.
top features that will drive
your profits to a new level.
Uncover the strategies Create your dream team
of top ranked traders of Forex traders
Etoro platform connects you to the best global Etoro let’s you create a team of the best traders
traders in the market. You can see all their with different styles and portfolios so you can
trading activities in real time, analyze their hedge your currency traders also with the best
performance and strategies. Talk to the traders oil, gold and other commodity deals. In
to spot new trading opportunities and upcoming comparison with forex robots or forex managers,
trends! 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
win ratio
~75-80%
profit days
spread a word
Editor
good luck !
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