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They’ve essentially been pleading with me to show them how they can potentially profit in the Forex markets. Here’s the deal: Just like any other market, most “traders” are losing their shirt when they trade Forex. That’s mainly because they’re going about it all wrong, and many have been mislead by unscrupulous individuals or questionable brokers promising seemingly overnight riches. Forex is still a little like the “wild west”, so there’s naturally a lot of confusion and misinformation out there. In this special report, Power Forex Profit Principles, I’m going to cover many tactics and strategies used by successful Forex traders all over the world. But unfortunately, only about 5 to 10 percent of all Forex traders are actually aware of this information. I would strongly suggest you print out this report and read it more than once. Good Trading,
Power Forex Profit Principles – Limited Edition
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Power Forex Profit Principles – Limited Edition
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Power Forex Profit Principles – Limited Edition
DISCLAIMER: Forex (off‐exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. The use of leverage can lead to large losses as well as gains. Under certain conditions you may fins it impossible to liquidate a position. This can occur, for example, when a market becomes illiquid. The placement of contingent orders by you, such as “stop‐loss” or “stop‐limit” orders will not necessarily limit or prevent losses because market conditions may make it impossible to execute such orders. In no event should the content of this correspondence be construed as an express or implied promise or guarantee that you will profit or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Revision 05‐20080704.
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Inc. I’ve been trading the markets since 1974. Sure. I’ve scraped my knees and have been through a few bumps and bruises over the years. They Nearly Begged Me to Help Them Page 4 of 90 . or someone who has the ability to sift through all the junk and noise that’s out there and tell it to you like it is. It’s up to you to make it happen. They essentially proved to me what Copyright © Profits Run. I may come across a little harsh in this report. And many of them actually took my stock trading courses and started telling me about all the money they were making by applying those courses to the Forex markets. So some people think of me as a “grizzled” trading veteran because I’ve seen so much over the past 3 decades.000 Traders & Their Forex Frustrations Dear Trader. I want to give you the facts. So. but I see myself as a filter for you. The information you hold in your hands (or are viewing on your computer) has the potential to dramatically increase the pips you pull out of the Forex markets. There are enough swindlers doing that already. because the potential is real. and I’ve been teaching thousands of students around the world what it takes to succeed in the markets since 2001. That’s not hype. Power Forex Profit Principles – Limited Edition 50. so you’re empowered to take action and make positive decisions on how to succeed in the Forex markets. and it does have the potential to change your life. my students and readers have been pleading with me to show them how to trade the Forex markets. like ‘em or not. and my goal with this report is to help you discover in hours and days what took me decades to realize about success in the markets. For years now. but I don’t believe in sugar‐ coating anything or giving you false hopes of success.
As I researched the answers to my students’ questions about Forex. realistic Forex Profit Principles that they could use to potentially profit in the Forex markets again and again. or a thousand. And that’s when I decided to put all my energy into dispelling this junk so I could give my students and readers a source of factual. these responses overwhelmed me. Sure. At first I thought to myself. because all markets are ultimately driven by human psychology – fear and greed – and supply and demand. but what I found was disgusting. and hype about Forex that I had seen in some time.000 active traders recently and asked them one question earlier last year: If you could sit down and have lunch with me. questions. solid. There’s nothing magical about the Forex markets. I knew to be true – markets are markets. And the amazing thing was that the comments. and challenges were nearly identical to my prior survey! Power Forex Profit Principles – Limited Edition I Was Shocked and Excited Quite honestly. you can potentially succeed big in any market. Inc. Once again. You know what it’s like Monday morning when you check your email and there’s a ton of it from over the weekend? Well. hundreds upon hundreds of comments were posted. actual. Excuse me. it was like that multiplied by a hundred. Then. every market has its own peculiarities. what is the top question you would ask me about Forex trading? That’s it. “How can I possibly address all these questions? There’s just not enough time to Copyright © Profits Run. as well as the “holy grail” peddlers who were preying upon the wide‐eyed desperation of traders who think they can “get rich quick” trading the popular Forex markets. I surveyed over 50. more recently. lies. People were confused more than I realized about Forex. Almost immediately. So to make sure I didn’t miss any big questions or concerns. but if you understand how the basic drivers of human emotions work. Page 5 of 90 . the more I realized that too many traders were getting “suckered” and “taken” by less‐than‐ honest Forex “brokers”. Plain and simple. I asked a similar question but this time I asked my readers to post their reply to my Forex blog. the questions began to pour in. I found more misinformation.
where you live. But it gets better. in part. So I began to put them into categories. what the rest of your life looks like. common set of questions. Are you ready? Let’s begin. most of the questions fell neatly into a handful of broad categories. is my answer to the top questions I received from my readers and students about Forex trading. So this report. I was shocked and excited. but if you plan on supplementing or replacing your current income with trading Forex. the Power Forex Profit Principles. I find there are two types of traders.000 traders resulted in a core. I was shocked to find that. how much longer you work a regular job. Why? Well. Here’s why… Copyright © Profits Run. then I think you’ll find those statements above are quite accurate. indeed. because I realized that if a survey of 50. Now let’s get right into the “nitty gritty” and clear up these questions once and for all. And I knew without a shadow of a doubt that I could help these traders. Inc. Page 6 of 90 . That may sound like an exaggeration. and after a long 12 hour day. where you go on vacation (and how often). But I was excited because I had personally experienced what all these questions were asking. Power Forex Profit Principles – Limited Edition Are You Dependent… or Independent? (NEW) When it comes to trading Forex (or any market). And the type of trader you are could drastically impact the amount of money you make in the markets… it could even forever determine. do it!” But then I noticed something amazing – I started seeing the same questions over and over. then millions of traders all around the world probably had the same concerns. and even your overall health.
because you are not alone. Over the years. no matter what happens. and quit their job. I realize these are generalizations. they’re empowered to place informed trades without having to rely on someone else. But when you learn to break out of that mindset and move toward becoming an Independent Trader. Which one are you? The Dependent Trader: This type of person is usually looking for the easy way out. blindly place trades pumped out by a system that “can’t lose”. I’ve observed that there are two types of “traders”. And that anything that requires you to think for yourself produces lasting. Yes. Someone who is an Independent Trader knows they are maximizing their odds of success in the markets. and excitement that come with placing a trade independently. Power Forex Profit Principles – Limited Edition Page 7 of 90 . The bottom line is that this type of trader is dependent on someone else for their financial success – forever. They think it’s possible to “follow the crowd”. that’s OK. or wants to strike it rich. The Dependent Trader can be successful with this attitude. ongoing. temporary. of course not. which can make their financial and lifelong dreams come true that much more quickly. and has control of their financial future for their entire life. and perhaps even permanent results. It’s only natural. Everything is Copyright © Profits Run. Will this report alone do it? No. They understand that when they know how the markets work. it should give you a “fast track” toward discovering the right way to trade the Forex markets for you. Inc. I understand. The Independent Trader: This type of person wants to have as much control of their financial destiny as possible. Everything makes sense. everything can begin to change. or nonexistent results. but they illustrate two very common mindsets. but I believe the odds of success are low (probably around 5%). looking to make a quick buck. Now. That’s why one of my goals with this report is to help make you an Independent Trader. If you think you might have a little of the Dependent Trader mentality in you. peace of mind. However. You’re probably well aware at this stage in your life that anything that requires almost little or no effort produces limited. for life. This is especially true when it comes to trading the Forex markets. I want you to understand and feel the power. The bottom line is that this type of trader holds the keys to the kingdom.
that as Forex trading continues to gain popularity one of the underlying problems you may face is the idea that you must trade Forex ‘to‐the‐minute’ (or day trade) – this drives you out of the picture if Copyright © Profits Run. no matter what the market does. I think it’s important to say. done for a reason. Power Forex Profit Principles – Limited Edition The State of the Forex Market (NEW) $3. don’t miss another one. The Forex markets are creating trading opportunities right now.2 TRILLION a day in 2007. It’s awesome… Forex is more popular than ever. Page 8 of 90 . though. This spells opportunity for you as a Forex trader. You know what to do. Inc. Let’s take a look at the average daily turnover in the Forex markets over the past 20 years. Every single time. If you’ve been missing those market‐moving opportunities. with no signs of slowing down.
until you realize the influx of hundreds of thousands of new traders to Forex is paying for itself in the form of new accounts and spiraling spread profits. but it is to point out what is a simple fact: if you. Copyright © Profits Run. Can you day trade Forex? Yes. At first glance. even to the point of driving up ad costs. Do you have to? Not at all. You must have a complete trading method that helps you take advantage of every opportunity the market offers. This is not to blame brokers. in part. you must take a smart approach to trading currencies. and who would naturally want the constant flow of spread profits. and it creates inevitable losses if you’re ill‐ prepared for the demands of day trading. In fact. whether you do or not. you should repeat that line to yourself: My Forex broker makes money whether I do or not. who earn the difference in the spread on every trade. you will lose your money. you can’t commit that kind of time. With more companies coming online to offer services related to Forex. that it is. There is a logical reason that the number of brokers offering Forex trades has increased dramatically over the last few years: brokers are making money on your trades. this would appear counterproductive. In fact. Power Forex Profit Principles – Limited Edition Page 9 of 90 . driven by brokers. Inc. I believe this talk about having to day trade Forex is wrong. recent analysis of part of the online advertising world confirms that brokers dominate several sectors of the Forex advertising landscape. It should also remind you that you need to know HOW to trade Forex. do not take an educated approach to trading Forex. the trader.
The Forex market is always “open” and is the largest financial network in the world (daily average turnover of trillions of dollars). Can you give me a brief overview of the basics of Forex? Unlike stocks and futures that trade through exchanges or the NASDAQ. The format of a Forex pair is YYY/ZZZ. equals US$ 1. because for this pair the Japanese Yen is the counter currency. and have drowned. For example. the Euro in this case. Forex trading is done through market makers that include major banks as well as small to large brokerage firms located around the world who collectively make a market on a 24/7 basis. Power Forex Profit Principles – Limited Edition I hear a lot about Forex trading and am very interested in learning more about it. Copyright © Profits Run. again and again. The price of the USD/JPY pair is expressed in Japanese Yen as 108. Too many traders have jumped into the Forex waters without proper planning or learning. Inc. This means that the base currency.02 Japanese Yen. While Forex presents exciting and profitable trading opportunities. Page 10 of 90 . be one of the successful Forex traders who have a solid trading method and execute their trading plan diligently to take money out of the market. equals 108.02. it is very important that you learn how to trade currencies and that you have a trading plan that you can execute every day of the week – no matter what happens in the markets. the price of the EUR/USD pair is expressed in US dollars (the counter currency) as 1. Instead. This means that the base currency. where the first currency is called the “base” currency and the second currency is called the “counter” currency.3667. Don’t be one of them.3667. Forex trading involves trading currency pairs such as the EUR/USD pair (Euro/US dollar pair) where a buyer of this pair would actually be buying the Euro and simultaneously selling short the US dollar. the US dollar in this case. The price for a Forex pair is expressed in terms of the counter currency.
Also. Inc. 1 standard lot pair in which the USD in the base currency would require $1. it is important to note that the spread will vary depending on market conditions. if the EUR/USD price changes from 1. Prices are expressed in pips. a 1 mini lot pair would require only $100 in margin ($10. Therefore. For example. This is because there are usually over 100 yen to the dollar.3787 ask which is a spread of 3 pips. for a standard lot purchase. the dealer will close out the trade automatically. a typical EUR/USD quote could be 1.3787 or 1. Since the spread is how the market makers are compensated.000 in margin ($100. Most major pairs are priced to 4 decimals which is the equivalent of 1/100th of one percent. 1 pip will equal $10 ($1 for a mini lot).3784/1.3787. For example. there is no commission when placing a trade. then buying an EUR/USD pair means buying 100. At 100:1 leverage. if the EUR/USD quote was 1. Trading is done in lots. which are nothing more than the minimum increment that a currency pair price can change. The bid is the price that the market is willing to pay a seller at a point in time for a specific currency pair. the quote would be expressed simply as 1. The exception would be the Japanese Yen pair that only trades to 2 decimals. the price is said to have gone up by 1 pip. either 100. Page 11 of 90 . The quotation lists the bid price first. The ask is the price that the market is willing to sell to a buyer at a point in time for a specific currency pair. For the EUR/USD example above.3791.000/100).3784 bid 1.3790 to 1. For other major counter currency pairs 1 pip will range from $8 to $10.000 unit standard or 10. For example.000 unit mini lots. for a standard lot in which the USD is the counter currency.3784/87.870 US dollars. then the ask price. The difference between the bid and the ask is called the bid/ask spread.000 Euros and selling short $137. If the account value falls below the margin requirement. Forex pair quotes are on a bid‐ask basis. Forex dealers offer leverage as high as 100:1 and sometimes higher.000/100). So the quote itself for any given Forex pair is the bid‐ask combination at a point in time based on the market driven floating exchange rate. Power Forex Profit Principles – Limited Edition Copyright © Profits Run.3784/1. On the other hand.
Sydney session starts at 5:00 pm and ends around 2:00 am. between 8 am and 11 am EST. To give you a visual representation of this. London opens at 3:00 am and ends around 12:00 am. Page 12 of 90 . New York session opens at 8:00 am and ends around 5:00 pm. For the major financial centers. Figure 1 ‐ Forex Markets Timeline Can you take me through a typical trade scenario? Let’s say the current bid/ask quote for EUR/USD is 1. So you Copyright © Profits Run. Here are the time intervals for each of the major financial centers expressed as EST. Power Forex Profit Principles – Limited Edition How do the Forex markets operate on a 24 hour basis? Active trading sessions in each country’s’ financial centers around the world take place from Sunday 5:00PM EST to Friday 5:00PM EST. then moves to each financial center in this order: Tokyo. London (and Europe). trading starts in Sydney. The currency markets experience the highest volatility and volume during that overlap. Tokyo session begins at 7:00 pm and ends around 4:00 am. but the market does not actually close. New York. In this figure you can see the overlap between the London (and Europe) session and the New York session. The daily session for daily charting purposes “ends” at 5:00PM EST (coincident with the New York “close”). which also coincides with the releases of important US economic releases. here’s a figure showing the same business hours for the various regions.3802/05 and you want to buy the pair because you think the Euro is going to gain on the US dollar. Inc.
if the account equity fell below the margin requirement.3865/68 and you decide to sell and take profits. Page 13 of 90 .3865). A buy stop order will only be filled if the market trades (ask) at or above the stop price.3775/78 and you sold at 1. So in our example.050 and sold them for $138.650. Since you bought 100. Power Forex Profit Principles – Limited Edition What types of orders do I use with Forex trading? There are different order types for different trading needs. let’s say the Euro pair goes up and is now trading at 1. If you want to sell you will be filled at the bid price. Limit Order: This order type is used to buy or sell a pair at a predetermined price.000 x 1. If you want to buy you will be filled at the asking price. A sell stop order will only be filled if the market trades (bid) at or below the stop price. your initial margin deposit would be $1.650 US dollars (100. this should never happen to you if you follow sound risk management rules. However. You would then sell your 1 standard lot. you made a profit of $600 or 60 pips.050 ‐ $137. Market Order: This order type is used to enter or exit the market immediately at the current quoted price.000 Euros (1 standard lot) for $138. And again. Stop Order: This order type is used to buy or sell a pair at a predetermined price.000 Euros (1 standard lot) for $138. Copyright © Profits Run. A buy limit order will only be filled if the market trades (ask) at or below the limit price. buy 1 standard lot. When you do that you are actually buying 100. Inc. the trade would be automatically liquidated.000 Euros for $138.050 US dollars (100.000 x 1.3805). If on the other hand the Euro pair went down to 1.381 for this trade.750). you would have a loss of $300 ($138.3775. At 100:1 leverage. A sell limit order will only be filled if the market trades (bid) at or above the limit price. When you do that you are actually selling 100.
However. Forex seems to be quite different from trading stocks. This requires different trading methods than those typically used for stocks in order to take full advantage of the profit potential that Forex has to offer while at the same time designing the right strategy to minimize risk. One of the appeals of Forex trading is the great leverage that is offered. That does not mean though that there isn’t money to be made. The truth is that Forex trading is not a get rich quick proposition. What are the benefits and risks in comparison and would a much bigger account be needed? In addition to the Forex attributes explained in the “basics of Forex question” above. the Forex markets are indeed different from the stock markets in that their price behavior is different with usually more abrupt price swings. they are alike in that both Forex and stocks are markets that develop repeatable price behavior that present profit opportunities for those traders with good trading methods. sound money management principles and disciplined trading. Inc. Power Forex Profit Principles – Limited Edition How much can I expect to make with Forex trading? It is very important to have realistic expectations. On the other hand. despite all of the hype to the contrary. leverage can work for or against you and therefore it is critical that you follow good trading methods along with sound risk management principles to have the opportunity to unlock the profit potential that the Forex markets have to offer. Copyright © Profits Run. Page 14 of 90 .
Power Forex Profit Principles – Limited Edition How do I find a reliable Forex broker? Unlike stock and futures brokers. lower spreads will save you more money. For non‐ US broker/ bank entities. you want a broker that has low spreads. obviously. Inc. This brings up an important point. not all Forex brokers are regulated. the risk is much greater. In addition to working with a regulated broker. individuals should only trade with a CFTC registered entity that is also a member of the National Futures Association (NFA) and is regulated by the CFTC. you should first get educated on a good trading method (or develop your own) and then find charting software that will let you implement this method. So. Trading tools are also very important when choosing a Forex broker. And so the reward can be much greater with Forex. Specifically. This is how the forex brokers or banks make their money since they don’t charge commissions. Because of the high leverage that Forex offers. which is the difference between the price at which a currency can be bought and the price at which it can be sold at any given point in time. be sure that the broker or bank is registered with that country’s appropriate regulatory bodies. When trading in the foreign exchange markets. Instead. In the United States the Federal Reserve Bank monitors the banking system and the Commodity Futures Trading Commission (CFTC) has jurisdiction over all Futures and Forex activity. But this can be dealt with effectively with good trading tactics and good money management rules that allow for maximizing profit potential and minimizing risk. Page 15 of 90 . there is no global regulatory agency responsible for monitoring the activity of the currency markets. You should never go looking for charting software first and then try to use or develop a trading method. It is very important to open an account with a regulated broker or bank that is a registered member of a regulating body. Since there is no central market. but at the same time. These spreads are calculated in pips. regulation is left to each country. you want a broker that will give you good charting and trading software that has the ability to plot the indicators that your trading method uses. Copyright © Profits Run. Therefore. Forex positions require a much smaller account size than do stocks trading similar sized positions as Forex margin requirements are much smaller than stock margin requirements.
With that in mind. Thankfully.000 or more. What we should be looking for as traders are liquid markets that have sufficient price movement to make a trade worthwhile. Standard and mini accounts are typical. Most brokers offer at least 100:1 leverage which is more than adequate for most traders. This type of leverage is completely unnecessary as the risk reward ratio can quickly go against you if you use excessive leverage. while the mini account typically requires $300 or more. the following pairs are the most widely traded. unlike stock brokers. you will want to be sure the broker you choose offers the appropriate account types. Other aspects to watch for when selecting a broker are the leverage levels and account types (standard and mini accounts) offered.) Depending on your account size. Power Forex Profit Principles – Limited Edition What are the best Forex pairs to trade? I believe that not all Forex pairs are suitable for trading. Some brokers also offer greater leverage. The standard account typically requires minimum initial capital of $2. I’ve seen too many traders stubbornly use inadequate charting software just because their broker gave it to them. (I’ll cover this in more detail later in the report in the question about risk management. Leverage of 100:1 should be available for either a standard or a mini account. up to 400:1. most liquid pairs and the only ones that I would consider trading: EUR/USD – Euro / US dollar Copyright © Profits Run. all bundled together. many forex brokers do provide you with very adequate charting and trading software. Inc. Page 16 of 90 . Don’t make this mistake.
However. an online trading platform that is integral with decent charting software. so in selecting a broker. First. some trading platforms and charting software are more intuitive and easier to use than others. I highly recommend that you only open an account with a registered broker. Inc. Power Forex Profit Principles – Limited Edition GBP/USD ‐ British Pound / US dollar (often referred to as the “Cable”) USD/JPY ‐ US dollar / Japanese Yen USD/CHF – US dollar / Swiss Franc USD/CAD – US dollar / Canadian dollar AUD/USD – Australian dollar / US dollar And to further simplify Forex trading. This really starts to reduce demands on your time for trading activities without giving up good profit potential. Having said that. the EUR/USD and the GBP/USD. you want to open a demo account first and get the feel for that broker’s platform to see if it is comfortable for you. What is the best trading platform and charting software for both beginners and more experienced traders alike and where should I obtain the most reliable data? The answer to this question starts with your broker. your data feed and your trading platform (the ability to place trades online) all in one location. I believe you can consider the data reliable and the order execution proper as long as you are dealing with a registered broker. You will be able to determine this with a little paper trading over a few days and weeks. most Forex brokers provide. but not all. you could easily limit your trading to the two most liquid and widely traded pairs. Most will be able to do this. This way you have your charting software. Copyright © Profits Run. Page 17 of 90 . Also. you want to be sure that your brokers charting software is able to plot the indicators that your trading methods call for. “free of charge”.
you need to act on that news before or at least in the same instant that the rest of the world does or else the opportunity could be lost.) but only through the prism of human psychology. a case can be made that trading on the fundamentals is extremely difficult due to the fact that the markets always immediately and continuously are digesting any and all fundamental data and to do this successfully. etc. such as offered by MetaTrader. economic and financial reports. Many advocate trading on the fundamentals. some traders prefer to also use additional upscale charting software independent from the dealer. I believe using good trading methods based on technical analysis is an easier. In addition. however. less demanding way to trade with far greater odds of success. This is because I believe. Page 18 of 90 . While some do trade the fundamentals successfully. It is not the fundamental data or information that is so important as much as it is the markets’ reactions to that information. interest rates. you need to be available on a real time basis at whatever hour of the day or night that the news is likely to impact the market. as do technical traders in general. Inc. Power Forex Profit Principles – Limited Edition Is it better to use fundamental or technical analysis with Forex trading? The answer to this question depends on your trading method. The markets are indeed moved by fundamentals (balance of trade data. that any and all fundamentals are already always reflected in the price of the market at any instant and so I would rather apply technical analysis to the Copyright © Profits Run. MetaTrader and others offer additional charting capability as well as trade alert capability that some traders find useful. Then. money supply.
you must have good trading methods specifically designed for end‐of‐ day trading. Of course. when I want to trade them and how I want to trade them. markets and trade them on my terms. others prefer end‐of‐day trading that can be done in as little as 20 minutes a day while the markets are quiet. This is because the time pressure to make instant decisions on order entry. While some traders prefer day trading and are able to handle its rigors and have the time to allocate to it. Let’s look at a couple of examples to make this point. Power Forex Profit Principles – Limited Edition I am not able to dedicate the time it takes to day trade the markets. immediate placement of stop orders and setting profit targets is very stressful and demanding of your time. Page 19 of 90 . I believe that a trader can do as well or better with far less time commitment by trading the markets on an end‐of‐day basis. which generally does require a significant time commitment. with as little time spent in the process as possible. Inc. you will never make money by day trading. While day trading is very widespread in the Forex markets. Copyright © Profits Run. And I believe that applies to the Forex markets as well. Is it possible to trade the Forex markets on an end‐of‐day basis so I can take advantage of the market trends while working my regular job or when sleeping? This is a very common question. because some believe the only way to trade the Forex markets is by day trading the markets. It has often been said that if you cannot make money trading on an end‐of‐day basis. in order to do so.
Copyright © Profits Run. With a good end‐of‐day trading method. it could take less than 20 minutes a day to enter. Inc. Page 20 of 90 . Power Forex Profit Principles – Limited Edition Figure 2 ‐ EUR/USD Daily Chart Figure 2 is a daily chart of the EUR/USD pair showing a great up move in the market from mid‐October to early December 2006. place stops. manage and exit the trade with very nice profits. This was about a 900 pip move that occurred in a little over 30 trading days and a good end‐of‐day trading method should have been able to get on board and capture around 700 pips of this move.
A good day trading method should have been able to get on board and capture 12 pips of the first move and 11 pips of the second move. Page 21 of 90 . Inc. The first down move was for about 21 pips and lasted for 8 bars and the second down move was for about 20 pips and last for 5 bars. Now you’re not always going to get a 900 pip move on the daily charts and you’re not always going to get two 20 pip moves in a matter of 4 hours on the 5 minute charts. but I think this example makes the point that the potential gain for the time invested is far greater with end‐of‐day trading. Copyright © Profits Run. With a good day trading method. Power Forex Profit Principles – Limited Edition Figure 3 ‐ EUR/USD 5 Minute Chart Figure 3 is 5 minute chart of the EUR/USD pair showing two great down moves from 7:00AM to 11:00AM September 3. it would have taken potentially several hours to capture these two moves. 2007.
This time is selected because it is coincident with the New York session “close” and the Sydney “open” which is a relatively quiet time in most markets until the Tokyo session begins at 7:00PM EST followed by the London (and Europe) session beginning at 3:00AM EST. We can then use these daily bar charts to develop trading strategies that require only the use of these charts without requiring intraday charts. Figure 4 – EUR/USD Daily Chart Page 22 of 90 . Figure 4 shows a plot of a daily chart for the EUR/USD pair using VT Trader which is a representative charting software/trading platform. On this chart. Power Forex Profit Principles – Limited Edition How is it possible to trade the Forex markets on an end‐of‐day basis using daily bar charts when the markets are always open? Most good charting software and trading platforms provided by a good broker or bank include the ability to plot daily bar charts where the daily bar “closes” at 5:00PM EST. each bar represents one day’s trading activity from the high price of the day to the low Copyright © Profits Run. Inc.
A simple moving average is calculated by adding up the prices for a number of bars and dividing that sum by the same number of bars. Two simple moving averages are plotted in blue and red and the ADX indicator is plotted at the bottom in brown. because the markets are relatively quiet during this time. Moving averages help to determine the prevailing trends of the market. Inc. A good end‐of‐day trading method should be based on an evaluation of the market after the daily bar “closes” at 5:00PM EST for trade opportunities to be considered after the open of the next bar which occurs as of the first trade after 5:00PM EST. Trading in this manner then requires only a few minutes each day at the same time without worrying about an open position if it is properly protected with stops and profit targets. you can see that this market was in an uptrend and then later formed a double top before falling into a down trend. Page 23 of 90 . In actual practice. So. The horizontal mark to the left of a daily bar is the open for the day (this is based on the first trade after 5:00PM EST). This type of behavior is typical of what you can expect to see on a daily chart and these shorter term trends can definitely be traded using good end‐of‐day trading methods. The ADX indicator is a complex formula that helps to determine the degree of trendiness of a market. If you look closely at the chart from left to right. daily bar charts are readily available in the 24/7 Forex markets. Also plotted on this chart are a few technical indicators. trades for the new daily bar can be placed anywhere from 5:00PM to 7:00PM EST when the Tokyo session begins. as you can see. only to reverse again into an uptrend at the end of the chart. The horizontal mark to the right of a daily bar is the close for the day (this is based on the last trade as of 5:00PM EST). Power Forex Profit Principles – Limited Edition price of the day. These are only a few of the indicators that are available through VT Trader in applying technical analysis. Copyright © Profits Run.
you must get the proper education and training in order to stay out of trouble and realize that potential. With this software. After which a new rally started. Power Forex Profit Principles – Limited Edition Figure 5 ‐ GBP/USD Daily Chart Figure 5. Inc. shows a plot of a daily chart for the GBP/USD pair using VT Trader with the same technical indicators as the previous chart. Like any endeavor that offers great reward. Copyright © Profits Run. You can also see that if you do not pay close attention to risk management that these abrupt swings could do great damage to your account. Page 24 of 90 . this type of behavior is typical of what you can expect to see on a daily chart and these shorter term trends can definitely be traded using good end‐of‐day trading methods. you can see that this market was chopping sideways until a major move up occurred over a period of more than 20 days and then the market reversed abruptly and retraced that entire gain even faster. Again. If you look closely at the chart from left to right again. it is a simple matter to toggle from one pair to the other for quick visual analysis.
Initial Stop Rules – These are the rules that govern how a new position should be protected from an adverse move in the market. In addition the management of position size and number of positions must be according to strict money management rules. it is very important to know the appropriate place to place the initial stop order. These requirements are expressed in terms of technical analysis indicators. patterns and price action. entry rules. Placed too close to the market risks being stopped out prematurely. Effective Initial Stops should be place where you don’t expect the market to go and if it does. Setup conditions – These are the specific requirements that must be met to consider a pair for a trade. the premise of the trade is over and you should exit the trade with a small loss. These rules Copyright © Profits Run. if the Initial Stop Rules have not been applied to the trade. The aim here is to only consider a trade when the market meets these pre‐set conditions and to stand aside otherwise. This usually means that price must behave in a certain way in order to “trigger” into a trade using either a market. This is one of the ways required to put the odds in your favor. This is one of the most critical aspects of trade management. or limit order. A good trading method also must be relatively easy to follow. stop. Since there is always risk when trading the Forex markets. and exit strategy. Power Forex Profit Principles – Limited Edition What are the attributes of a good Forex trading method? A good trading method should be as simple as possible to provide a powerful edge to the disciplined trader that is based upon specific setup conditions. Inc. Entry Rules – Once the setup conditions are in place. Placed too far from the market takes on too much risk. Exit Strategy Rules – These rules govern how to manage a trade to exit the trade profitably. initial stops. Page 25 of 90 . entry rules define the trigger necessary to actually enter into the trade.
The trigger is necessary to confirm that the market will move in the intended direction before entering the market. Power Forex Profit Principles – Limited Edition Why don’t all setup conditions trigger into positions? There is a common misunderstanding among many beginners that if a trading method is good then any time the setup conditions as defined by that method occur. Amateurs and beginners will sometimes assume a trading method is ‘not working’ because setup conditions have not been triggered into a position. So the moral of this story is that it is perfectly OK (and expected) for setup conditions to NOT trigger. a successful trader waits for conditions to develop that may signal a good trade opportunity. Inc. There is no magic in the indicators themselves as they all strive to tell you something about how the market is behaving at a point in time. As seasoned traders know. and you are being protected because you didn’t enter that trade. that oftentimes only means that the trader should be on alert to a trading opportunity. rather the key to using indicators successfully is to select only a few that complement each other and to use them in an uncommon manner together with powerful trading tactics. as it is common to have several setup condition alerts that do not trigger. That means conditions are no longer good for the trade. But when these conditions develop. Nothing could be further from the truth. An actual trade does not occur unless after the setup conditions are in place a trigger also occurs. then that means it’s OK to go ahead and enter the market. which are usually called “setup conditions”. should strike a balance between protecting open profits as much as possible and exiting a market too soon and missing favorable market moves. And it is not that some are better than others. Page 26 of 90 . this is not always the case. This is a very important concept. What are the best technical indicators to use? At last count there are over 100 technical indicators available in most charting software packages. Copyright © Profits Run. In order to have an edge when trading the markets.
by far. as the information that those indicators provide is counterintuitive and just plain misleading. looking for a big. Wondering why you couldn’t get what you still assume to be a great method to work. Then you quickly flip ahead to what you consider to be “the meat” of the method. Power Forex Profit Principles – Limited Edition Copyright © Profits Run. Using a few simple indicators in a uniquely powerful way can provide the right information necessary to make good trading decisions. discipline. Nothing could be further from the truth. jaw‐dropping “secret” that will let you predict each and every market move like a modern‐day Nostradamus. and totally ignore the more‐important aspects of risk management. there must be a bunch of complexity that is required in a good trading method. Page 27 of 90 . Or. Then you examine the method. Hopefully. and think that to be successful. only to occasionally glance at it in wonder from time to time. you’ll blame yourself for not being smart enough to understand or apply the method. mysterious. The tendency of amateur traders is to over‐complicate things. for several reasons. You’ll become frustrated when the method doesn’t work. You look for a complicated formula. and psychology. 2. you will not fall victim to this. or you look for some cryptic combination of indicators that must be good. really) too many indicators and patterns. Here it is: You research a new trading method and ultimately buy it. With the right indicators and patterns. because they’re just so complicated looking! Wow! Then what happens is you’ll typically burn yourself out trying to apply it. Using too many or the wrong indicators is counterproductive. Let me comment on a phenomenon that I see time and time again. 3. Then you’ll put the method on the shelf. Inc. Simple is better. They want to use (or misuse. 1. you will be far more likely to trade with discipline because you will be able to understand an objective set of rules that the right indicators and patterns can provide.
So I really urge you to go back and read this section again. the unfortunate truth of the matter is that the old 80/20 rule will come into play here (except in trading. Again. applied in a manner that is not the usual textbook approach. and simple is almost always better. they would be doing themselves a HUGE favor (not to mention. In the example above. instantly give up the method and send it back – just because it’s not “complicated” enough. I went through a period in my younger (and poorer) days when I thought a bit like that. This goes for both true beginners as well as traders who think of themselves as “experts”. You may even be tempted to “throw in the towel”. it’s more like 90/10. and 80 to 95% of the traders that just read this section and nodded their heads in agreement will completely ignore this advice and fall right back into the trap described above. potentially. If those traders that are still cursed with that “complexity mindset” would just try a “simple” trading method. Power Forex Profit Principles – Limited Edition Copyright © Profits Run. You may even become disappointed. and only uses a few common indicators. their trading accounts). easy to understand. and much to my relief. What?! That’s just crazy. After all. and hopefully you can escape the self‐ sabotaging patterns that are separating most traders from failure and success in the markets. But I have to admit. and that’s too bad. or 95/5). Time and experience have finally taught me. But here’s what can also happen. Incidentally. That is what can give you an edge trading the markets. you expected some labyrinthine skeleton key that would unlock the mysteries of the forex markets once and for all. the key here is simple. but powerful. It’s a near certainty. Use just a few indicators. in your mind. Page 28 of 90 . that complicated is usually not good. Inc. after you discover that “the meat” of the method is very simple. you become perplexed.
These are commonly used indicators. Let’s take a look now at some examples of a few indicators that can be used to form the basis of very powerful trading methods. Page 29 of 90 . I have also plotted moving average envelopes which are a fixed percentage above and below the blue moving average. in and out trading strategies that only need attention once a day at the 5:00PM EST daily “close”. Inc. notice that two simple moving averages have been plotted on the chart (in blue and red). Copyright © Profits Run. Power Forex Profit Principles – Limited Edition Figure 6 ‐ USD/CHF Daily Chart Figure 6 shows some typical and not so typical indicators applied to the USD/CHF pair using VT Trader. First. These are not so commonly used and can be very helpful supporting various quick hit.
only when combined with powerful trading tactics does the power of a good trading method emerge. The long term moving average is based on the closing price while the short term moving averages are based on the high and close respectively. Also included is the ADX at the bottom of the chart. Page 30 of 90 . But the indicators alone are insufficient. This is what I mean when I say the key to developing an edge when trading the markets is to combine a few indicators in an uncommon way. Copyright © Profits Run. On this chart. Inc. I am applying a longer term moving average in purple together with two very short term moving averages in brown. Power Forex Profit Principles – Limited Edition Figure 7 ‐ USD/JPY Daily Chart Figure 7 shows some additional indicators applied to the USD/JPY pair using VT Trader. Each of these configurations is designed to exploit a certain behavior in the market.
On this chart I am applying two simple moving averages plotted in blue and red and the ADX indicator plotted at the bottom in brown. Copyright © Profits Run. These mega trends can only be captured by trading the daily bar charts. Inc. Power Forex Profit Principles – Limited Edition Figure 8 ‐ USD/CAD Daily Chart Figure 8 shows a configuration we reviewed in an earlier question applied this time to the USD/CAD pair using VT Trader. This set of indicators when combined with different trading tactics is designed to capture longer term moves in the Forex markets such as occurred on this USD/CAD pair beginning at the left hand side of the chart and continuing for over 5 months. Page 31 of 90 .
What simple strategy can I use to find good entry points? The general approach that I use is to develop specific setup conditions that. On this chart. indicate that I should consider entering into a new position. Inc. So the first thing is to identify the conditions that occur relatively Copyright © Profits Run. Page 32 of 90 . when present in the market. The intermediate term moving average is based on the closing price. This set of indicators when combined with different trading tactics is designed to capture sudden trend reversal waves such as occurred on this AUD/USD pair just to the right of the center of the chart and continuing for almost 3 months. I am applying an intermediate term moving average in red together with slow stochastics and ADX in the two panels below the price chart. Power Forex Profit Principles – Limited Edition Figure 9 ‐ AUD/USD Daily Chart Figure 9 shows another combination of indicators applied to the AUD/USD pair using VT Trader.
infrequently in the market, but that when they do, a high probability opportunity may await. This is a very important concept, because one of the keys to successful Forex trading is to wait patiently for the prime opportunity to enter the market. Amateurs too often become impatient and want to trade just for the sake of trading and consequently enter the market under other than ideal conditions. This greatly reduces the chance of a successful trade.
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Figure 10 ‐ GBP/USD Daily Chart Entry Point Examples
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success or failure of this attempt lies in the robustness of the setup conditions defined in the trading method. Once the setup conditions are in place, specific entry rules need to be followed to “trigger” the actual trade. For example, one of the pairs that you are following may meet the setup conditions for a long trade. Now, depending on the trading method, the entry order could be a Stop order that says, “Only buy if the market trades above a certain level” which confirms the resumption of the uptrend. Or, it could be a Limit order which says, “Buy only if the market trades down to a support level”, defined by a moving average or Fibonacci level or old highs, etc. There is no one right way to do this. However, the precise entry trigger point has to be integral to the other features of the overall trading method, including planned risk in the trade. The entry point rules of the method, by necessity, will determine the stop loss point and consequently planned risk in the trade. The two go hand in hand.
Power Forex Profit Principles – Limited Edition
Besides money/risk management, I believe this is one of the most important questions regarding a good trading method. It should go without saying that as soon as you enter the market with a new position, an initial stop order should be entered to protect the position against an adverse move in the market or an exit strategy should be employed to cover the trade if the market closes adversely. If such a move occurs, as is often the case, you want your position liquidated and out of the market with a minimal loss. The consequences of failing to do this are that you will not be successful at trading ‐ period. In fact, every trade you put on, you should plan to lose, so that you are sure to place your stop loss order or cover the trade on an adverse close. Otherwise, what would have been a small loss turns into a big loss, throwing the entire risk/reward ratio out of kilter against you. That being said, where should the stop be placed? The short answer is, “Where you don’t expect the market to go”; or, more specifically, where the assumption in putting on the trade is no longer valid. For example, if a long position was entered into after an uptrend or breakout market traded back down to support, an initial stop could be entered below the recent low because if the market does
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go there, support (as defined by that low) would have failed, and there is no longer any reason to be long the market – so get out! Don’t wait around for it to come back in your favor because the odds are against it. If the market goes in your favor once the initial stop is in place, then you need a set of rules that will allow you to exit the market profitably. This poses a real dilemma. If you exit too soon, you may secure a small profit, but miss out on all those big moves that occur (and the big profits that go with them). On the other hand, if you wait too long to exit, the market may reverse and take away all of your open profits and even put you into a loss position.
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Figure 11 ‐ GBP/USD Daily Chart Initial Stop, Trailing Stops, & Profit Target Examples
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For example, after you enter a long trade in an uptrend, there’s absolutely no way to predict what will happen next (contrary to what the so‐called “gurus” tell you). Because of this, you absolutely need an exit strategy, because the risk of loss is significant no matter how carefully you plan your entries and exits. The following is the very best exit strategy that I believe possible when trading the Forex markets on an end‐of‐day basis. I call it the Optimal Profit Exit Strategy. It’s a strategy that scales out of a trade in two steps. This strategy is first and foremost about taking an initial profit as soon as appropriate, thereby “taking some money off the table” and reducing the risk in the trade at the same time. 1. Step one is to cover 1/2 of your position at a pre‐determined profit target. The profit target is modest, but enough to make the trade worthwhile and the specific level is also dependent on the overall method being used. Once that initial profit target is hit, you should move the initial stop up for the remaining 1/2 of the position to the lowest low of the past 3 days for an uptrend trade or the highest high of the past 3 days for a downtrend trade. You’re now out of 1/2 of the trade with a very nice profit and at the same time you are prepared to ride the market as far as it wants to go in your favor for the remaining 1/2 of your position. 2. The remaining 1/2 position should remain protected by a trailing stop always based on the lowest low of the past 3 days (for an uptrend trade). And so as the market continues to move up, you should continuously move the stop up with it. This locks in a significant portion of the remaining open profit but also gives the market enough room to trade down a bit without shaking you out of the trade if it moves higher. With this strategy you should be prepared to take advantage of the market after entering a trade no matter what it does. And that’s a big deal.
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The Optimal Profit Exit Strategy
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I call this the “Holy Grail Syndrome” and, of course, the Holy Grail of trading simply does not exist. I’ve talked about this concept many times since I started training individuals to trade the markets back in 2001, but it bears repeating here. For years, I refused to believe in this concept and was forever looking for or trying to develop a method that would always win with no losses, or certainly never experience two losing trades in a row. I wasted years of my life with this false impression about what it would take to trade successfully. Don’t fall into the same trap. While the holy grail of trading does not exist, nor will it ever; thankfully, it is not necessary in order to be successful. What is necessary as I have emphasized repeatedly in this report is a trading method that gives you an edge in the market, the discipline to trade it and of course sound money management. That sounds simple, and in some respects it is, until you factor us humans into the equation. Consider these questions. 1. Do you have an edge in trading the markets? What is it? If you don’t know, then you do not have an edge. 2. How about discipline ‐ can you really follow your trading method without fail, especially after two successive losing trades? What about three? Or will you drop the method and search for something else? When that happens the “Holy Grail Syndrome” is at work. 3. Then there is money management. Are you allocating the appropriate level of funds and controlling the degree of risk on each trade?
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you must have rules that are simple or else you simply won’t follow them. without them. you would be able to place larger and larger positions. While Optimal‐f has a lot going it for it. So do yourself a favor and abandon the search for the Holy Grail. one risk management method is called Optimal‐f. I have found that in order to be effective with risk management. You elect to risk 30% of the initial account Copyright © Profits Run. Only then. even a good trading method will eventually fail. When you have a losing trade or two. Let’s look at an example. By the way. So. The last thing you want to do is to over commit to a trade just because of the broker’s low margin requirements. as your account size grows. This is particularly important in Forex trading. For example. find a good trading method that fits with your personality. you would be reducing the amount risked and therefore the position size on the next trade. Instead. apply sound money management practices. can one muster the required discipline to trade effectively. Suppose you open an account and don’t understand the importance of risk management. given the tremendous leverage offered by the brokers. that is relatively simple to apply. Instead I believe the better approach is as follows: Simply risk no more than 2% of your account size on any one position and no more than 8% of your account size on all open positions at a point in time. I believe it is too complicated to be of practical use. But even more importantly. and trade it with discipline. you must have strict money management rules. and that uses sound money management practices. Risk in this case means the amount you plan to lose if the trade(s) goes against you. I believe that most Forex traders that end up on the losing end do so because of poor risk management more than any other factor. The reason most traders lose is that they cannot answer “Yes” to all three questions listed above. Power Forex Profit Principles – Limited Edition How can I minimize downside risk while still capturing quality gains in the Forex markets? First. Page 38 of 90 . And I believe that the key to mustering the discipline needed to be a winner is to have a method that does indeed provide a winning edge. Inc. you must have a good trading method. in my opinion. So this is a very simple self regulating concept that keeps your positions in proper alignment with your account size at all times.
However. $500 and trade 5 mini lots.500 x 2% = $50) to put that trade on without violating the risk management rules. The key. Copyright © Profits Run. Your account would be almost completely wiped out after only three trades. is to risk no more than 2% of your account size on any one trade and so if you were to put on 1 mini lot and risk 50 pips. you stay in the game. you should only trade with funds that you can afford to lose. Page 39 of 90 . once again. First. This time you would have lost less than 6% of your initial account size and still have plenty of capital left for additional trades where one good trade could more than offset the three losers. You might say that this is an extreme example. Of course. On the other hand. That means you would have to have an account size of at least $2. Forex brokers allow you to trade standard lots and mini lots. Inc. that would be about $50 of risk in the trade (for a US dollar counter currency pair). Now let’s say once again you lose three trades in a row. you could open an account with. but I think it makes the case. Power Forex Profit Principles – Limited Edition What account size do I need to trade the Forex markets? There is no one right answer to that question. The margin (depending on the pair you are trading) for a standard lot is around $1. when you trade with proper risk management rules. So technically. you would be violating your risk management rules and would probably end up losing your stake. let’s say you understand the importance of risk management and risk only 2% of the account size on each trade. say.000 and for a mini lot around $100.500 ($2. size on each trade (because the broker’s margin requirements allow it) and then promptly lose three trades in a row.
And when the day is done. 10 minute. that is where you can find the favorable opportunities trading Forex. Where are the big money opportunities trading Forex? Copyright © Profits Run. I call these the Forex mega‐trends. bars and the intraday trends that develop on these charts with the objective of picking off 20 to 50 pip profit opportunities. and even months within which a mega‐trend can be identified. the process repeats itself for the next day without any regard to any mega‐trend that might be underway. In fact. ride that mega‐trend for all it’s worth. That leaves trading on an end‐of‐day basis with daily bar or candlestick charts. Here we have a time horizon of several days. or commodities. Inc. exiting near the end of the trend after several hundred pips of profit. Mega‐trends have been known to offer 300 to 700 pip ranges. But there is one significant difference in that the Forex market trends are generally stronger and longer‐ lasting and occur more frequently than do the trends in other markets. By applying a good trading method to these daily charts. The question then becomes. When you combine these mega‐trend opportunities with the ability to leverage a small account. it is quite common for a Forex pair to begin a new trend that lasts for several weeks or sometimes even months. Power Forex Profit Principles – Limited Edition In many respects. Now those are truly big money opportunities. Page 40 of 90 . it is possible to get on board a mega‐trend at a lower risk point and then with the right exit strategy. mutual funds. weeks. The problem here is that the time horizon important to the day trader is only one single day. we can rule out day trading because day trading only focuses on intraday charts that are based on 5 minute. Let’s look at some charts to illustrate this point. “What style of trading is needed to take advantage of the opportunities offered by these mega‐trends?” Well. etc. the Forex markets are just like any other liquid markets such as stocks. bonds.
The daily range from the day’s high to the day’s low was about 90 pips Figure 13 – USD/CAD Daily Bar Chart 9/07 to 11/07 Here you can see a typical mega‐trend that began in early September 07 and didn’t end until early November 07. Compare Copyright © Profits Run. Now that is a mega‐trend by any definition. Inc. Page 41 of 90 . Power Forex Profit Principles – Limited Edition Figure 12 – USD/CAD 10‐minute Bar Chart for 11/30/07 This a typical day trading time frame where the day trader attempts to capture 20 to 50 pips of profit sometime during the day. lasting over 8 weeks and providing over 1200 pips of profit opportunity. This oftentimes requires several hours of monitoring the market in order to spot any trade opportunities that may be present themselves that day.
lasting over 5 weeks and providing over 600 pips of profit Copyright © Profits Run. Inc. that opportunity to the relatively small opportunity sometimes available to day traders. Power Forex Profit Principles – Limited Edition Figure 14 – AUD/USD 10‐minute Bar Chart for 11/30/07 Here’s another example of an intraday 10 minute bar chart with a daily range of about 80 pips. Figure 15 – AUD/USD Daily Bar Chart 3/07 to 4/07 Page 42 of 90 . Day trading this chart requires potentially long hours and limited opportunity. Here is another typical mega‐trend that began in mid‐March ‘07 and ended in mid‐April ‘07.
ADX to the rescue. And when the markets are trading this way. choppy markets. And if the trend does develop as expected into a significant move. low risk points so that if the trend does not develop as expected. then a new trend is likely emerging and worthy of trading in accordance with the rules of a good trend following method. the trade is stopped out with a small loss. Power Forex Profit Principles – Limited Edition How do I determine when the trend is optimal for profitable swing trading? (NEW) Swing trading in trending markets has the potential to capture significant market moves in a matter of 5 to 20 price bars whether one is trading intraday bars or daily bars. As successful traders know. it is just as important to know when to trade as it is to know when not to trade and the ADX indicator is an invaluable aid in knowing the difference. This is a wonderful indicator that is designed to identify when a market is trending and when it is not. The challenge is to get on board the emerging new trend at high probability. there will be no trend following opportunities and consequently attempts to get on board a new trend will be stopped out for a loss. This is a very powerful way to trade as major profit opportunities present themselves in these trending markets that a swing trader can take advantage of with a good trading method. the trade is positioned to take full advantage. much of the time the markets are not trading in a trend but rather in a sideways choppy fashion. trend following methods will get chopped up with a series of losses in these sideways. that is the red flag – stay out. especially when you consider that it only takes 20 minutes a day to trade the daily bar charts. And this is where many traders become disillusioned and begin to abandon an otherwise good trading method. When the ADX goes back above 16. The difference in opportunities between day trading and end‐of‐day trading. The following chart examples will demonstrate how effective the ADX indicator can be as a warning of non‐trending markets. Even the best swing trading. When the ADX is low (less than 16). Page 43 of 90 . And oftentimes these mega‐trends will occur simultaneously across several Forex pairs. However. Inc. This is an ideal indicator to add to a good swing trading method that signals sideways. opportunity. speaks for itself. Copyright © Profits Run. choppy markets like a red flag that says do not trade in these markets.
Inc. Page 44 of 90 . Power Forex Profit Principles – Limited Edition Figure 16 ‐ AUD/USD ADX Example Figure 17 ‐ EUR/USD ADX Example Copyright © Profits Run.
Each Forex broker usually has either a proprietary software package or a version of a standard package such as Metatrader 4. This is very good news to Forex traders because it makes setting up charts and chart templates a simple easy process. Likewise. And when it comes to placing orders. Inc. What are some of the differences between various broker‐provided Forex software? (NEW) Page 45 of 90 . Copyright © Profits Run. the integrated trading order platforms are very similar in the mechanics required to place an order. a simple click on the chart of the Forex pair being traded is all it takes to bring up the order window. The differences among broker‐provided software and trading platforms are minor as most provide the flexibility to view price charts in any timeframe as well as apply any of the over 100 technical analysis indicators commonly used in all trading. most free Forex broker‐ provided software is actually sufficient to support Forex trading operations. the charting software is integrated with an order platform so that buy/sell orders can be placed directly from the charting software screens without having to switch to another order venue. Power Forex Profit Principles – Limited Edition Figure 18 ‐ GBP/USD ADX Example Unlike free stock broker‐provided charting software. In either case.
With a click of the mouse. 10 minute bars. Clicking the submit button will bring up a confirmation window which when clicked will immediately place the order and you will be filled at or around the current market bid price. Here is an example of a typical broker provided charting software and integrated trading platform by GFT called DealBook 360. Inc. etc. In this case. Or you can create multiple charts with different timeframes for the same pair or for different pairs all appearing on the same screen for ease of comparison from one chart to the other.0185. Whatever timeframe you desire and the chart will immediately change for you. Page 46 of 90 . hourly bars. the process of actually placing orders is very easy to do. Copyright © Profits Run. you can change the timeframe to 5 minute bars. Power Forex Profit Principles – Limited Edition Figure 19 – DealBook 360 The next chart (Figure 20) shows an order window that pops up by simply right clicking on the price chart and indicating they type of order desired. While the strategies and trading methods used to trade the Forex markets require a good deal of study. This particular chart (Figure 19) is a daily bar chart of the USDCHF pair using candlesticks. it is an order to sell short 1 lot at the current market bid price of 1.
a confirmation window will appear which when clicked will immediately place the buy order and you will be filled at or around the current market ask price. .0189 ask. Inc. Power Forex Profit Principles – Limited Edition Figure 20 ‐ DealBook 360 Figure 21 shows an order window that pops up when you click on the price chart and indicate that you want to buy 1 lot of the USDCHF pair at the market price which in this example is at 1. by clicking on the submit button. Figure 21 ‐ DealBook 360 Page 47 of 90 Copyright © Profits Run. Again.
Then click submit and the order confirmation window will appear which when clicked will immediately place the order but in this case you will only be filled if the market trades at or above your limit price. but rather a limit order. Power Forex Profit Principles – Limited Edition Figure 22 ‐ DealBook 360 Figure 23 shows an order window that pops up when you click on the price chart and indicate that you want to sell short 1 lot of the USDCHF pair using a Limit order (which will only be filled if the market trades at or above the your limit price). Then click submit and the order confirmation window will appear which when clicked will immediately place the order but in this case you will only be filled if the market trades at or above your stop price. Page 48 of 90 . Copyright © Profits Run. When placing conditional orders such as stop orders you will also need to specify whether the order is good for the current session only or good until cancelled. Figure 22 shows an order window that pops up when you click on the price chart and indicate that you want to buy 4 lots of the USDCHF pair using a Stop order (which will only be filled if the market trades at or above your stop price). you must enter the stop price in the “ask” box because this is not a market order. you must enter the limit price in the sell box because this is not a market order. In this case. but rather a stop order. And like the stop order. you will need to specify whether the order is good for the current session only or good until cancelled. Inc. In this case.
Figure 24 ‐ DealBook 360 Once the length parameter is entered. Moving Average Simple has been highlighted. Power Forex Profit Principles – Limited Edition Figure 23 ‐ DealBook 360 Figure 24 shows an indicator window that is used to plot any of the over 100 technical analysis indicators available. Also. Inc. In this example. it is Copyright © Profits Run. Other indicators can then be added as desired in the same manner. This will bring up a window asking for the parameters for this indicator. Page 49 of 90 . it would be the length of the moving average. a click of the submit button will immediately plot the selected moving average on the price chart (Figure 25). in this case.
very easy to save your chart settings and indicators as a chart template for easy retrieval.com And Figure 27 shows a third example of charting software and trading platform from MetaTrader 4 which is software used by several brokers.com. the Copyright © Profits Run. Figure 26 – Forex. Page 50 of 90 . In both cases. Power Forex Profit Principles – Limited Edition Figure 25 ‐ DealBook 360 Figure 26 shows another broker’s charting software and trading platform. namely Forex. Inc.
I’m providing this information here simply to demonstrate how easy it is to place Forex orders because I get a lot of questions from newcomers about this. format is a little different than with DealBook 360 but the functionality is the same and just as easy to use. Page 51 of 90 . Inc. How are orders placed with Forex brokers? Placing Forex orders is most commonly done online through your broker’s order platform that is often integrated with your broker’s charting software. If you’re a more experienced trader. This information is readily transferable to most any broker’s charting software and order platform as they are all very similar in the way they operate. in the next section. Following are examples of typical order placements using VT Trader charting software and order platform. Copyright © Profits Run. Let’s take a look at another one of them. Power Forex Profit Principles – Limited Edition Figure 27 – MetaTrader 4 And there are of course several other charting software and trading platforms available with other brokers with almost all of them working very similar to these examples. then this information will be ‘old hat’ to you. This is very easy to do once you understand the order mechanics. VT Trader.
I will use this chart to demonstrate how to place a market order to buy this pair and then how to place a stop order protecting the position. in this case it is for the AUD/USD pair. Page 52 of 90 . Next. Inc. Copyright © Profits Run. we right‐click on the chart above the current market price and then a window pops up as shown on this chart. Figure 29 – Initiate an order to buy at the market In order to place an order to buy at the market. select “Buy” in the pop up menu. Power Forex Profit Principles – Limited Edition Figure 28 – AUD/USD Daily Bar Chart 11/07 Here is a typical daily bar chart.
Figure 31 – Open Positions Window Page 53 of 90 .) So you just type in “1” in the “amount per account row” and click “OK. Power Forex Profit Principles – Limited Edition Figure 30 – Open Positions Window Another window will pop up called “Open Positions”.” Copyright © Profits Run. except you would be buying 1 mini lot instead. we will place a market order to buy 1 standard lot. Here you want to enter the number of lots you will be buying. (The procedure for a mini lot account would be the same. In this example. Inc.
Page 54 of 90 . Just click “OK” and your market order will be immediately placed and because it is a market order. Power Forex Profit Principles – Limited Edition Figure 32 – Request for Confirmation Window This window is requesting confirmation that you want to go ahead and place the order. Inc. it will be filled immediately at the current “ask” price. Copyright © Profits Run. you are now long 1 AUD/USD pair and you are returned to the daily bar chart. Figure 33 – AUD/USD Daily Bar Chart Once you click “OK” above.
8844 (under the open column). and open profit/loss. Figure 35 – Open Positions Window with Right‐Click Menu From this menu you then left‐click on the word “stop. that you bought 1 AUD/USD pair at 0.” Copyright © Profits Run. Inc. to protect the long position. in this case. a window will open that shows your current position. limit. you just right click on the stop box and a new menu opens. Power Forex Profit Principles – Limited Edition Figure 34 – Open Positions Window If you then click on the Open Positions tab. the “close” column shows the current price. Page 55 of 90 .” To enter a stop order. Other columns include “stop.
And then left‐click the submit button. Copyright © Profits Run. Inc. Power Forex Profit Principles – Limited Edition Figure 36 – Open Positions Window with Stop Order Window Within this window you then enter your stop price. we entered 0.8744. Figure 37 – Open Positions Window with Request for Confirmation Window Then another window will pop up called Request for Confirmation. in this case. Page 56 of 90 . After reviewing your order to confirm that it is correct. go ahead and left‐click on the “OK” button and the order will be entered. meaning we want to sell the position if the market drops to that price.
That’s all there is to it. system. If you wanted to also enter a limit order above the market at a profit target level. but now it also shows under the “stop” column that you have an open stop order to sell at 0. I've had my eyes on the Forex markets for years. I think I've seen it all. Inc. However. So. I am going to be very candid with you right now. showing again that you bought 1 AUD/USD pair at 0.. And once you have practiced this procedure several times. and tweaking every course...8844. here it goes. Power Forex Profit Principles – Limited Edition Figure 38 – Open Positions Window This will return you to the Open Positions window. as I spent a ton of time carefully researching. Deep breath. testing. or keep my mouth shut to make good with the "old boys" network of Forex "gurus". The 4 "Golden Rules" That Most Traders Will NEVER Learn (NEW) Page 57 of 90 . it will become second nature to you.8744. I had to make a decision: tell you the truth.. and for the most part ‐ it's ugly. and I risk alienating myself from most of the other Forex educators out there. and method I could get my hands on to see what was going on. Copyright © Profits Run. you would just click on the “limit” column and follow the same procedure as above to also enter a limit order.
leaving no decision to chance. especially with younger traders. Inc. because almost every system I've seen since 1974 has been back‐tested and curve‐fit. which means it will ultimately fail. but I also believe the only way to maximize their use is if you truly understand how to trade in the first place. this becomes even more dangerous when you base your livelihood on a third party service that feeds you signals every day without telling you their "secret formula". because this is where a lot of traders can potentially lose a lot of money.) Power Forex Profit Principles – Limited Edition Copyright © Profits Run. and a week doesn't go by that I don't get an email from someone who thinks they have found it. This can be extremely dangerous to your portfolio. 4. It must take less than 20 minutes a day to apply after learning how to trade with it. It must include specific risk management. who tend to believe that you can create a 100% mechanical system that never (or rarely) loses. Let me talk about item #3 above for a moment. It must be based on technical analysis. I have 4 "golden rules" that I use to determine if a trading method is good for me: 1. 2. entry rules. you do not learn how to become a trader. Now. I believe some mechanical systems ARE good. but it must not be a 100% mechanical system. at least for awhile. you learn to follow directions. that statement might get me into trouble. and you never will. and portfolio management guidelines. When you rely on a computer to make 100% of your trading decisions. By the way. 3. with setup conditions. initial stop rules. Instead. Folks. Page 58 of 90 . It must be a complete method. that's called the Holy Grail. money management. or at least not live up to its past hypothetical results. What would happen to you if they went out of business? (Just for the record. and exit strategy rules.
which is all very interesting. 2. Incomplete method. About half of the courses and systems I’ve seen are based on fundamental analysis. You can also win a million bucks playing blackjack in Vegas. So why not control everything you possibly can? Why not take the guesswork out of every decision you have to make? Why not eliminate as much uncertainty as possible so you can remove the stress and strain most people associate with trading. Lack of risk management.. Very little. Power Forex Profit Principles – Limited Edition What MOST Forex Methods Look Like (NEW) If you take a close look at most of the so‐called Forex trading methods and systems on the market. lacks risk management. or portfolio management guidelines. you’ll find they’re littered with problems. Day trading. Specifically… 1. or is based on fundamental analysis? Sure you can. but leaves you absolutely no step‐by‐step roadmap to help you make money. Fundamental analysis. Look. Many of the courses teach a TON of theoretical stuff. Almost every course or system I’ve seen requires you to be glued to your computer for hours at a time. and replace that with confidence and purpose? How important is it to have a trading mentor? Mastering good trading methods can be done without a mentor. 4. 3. and to succeed you need to stack the odds in your favor. money management. Page 59 of 90 .. but I highly recommend having access to a mentor because a mentor can do several things for you as a Forex student. Inc. trading is a numbers game. or a complete absence of any risk management. NO WONDER so many traders are "losing their shirts" attempting to trade the Forex markets! Can you "get rich" using a day trading method or "black box" system that's incomplete. which generally requires a lot of studying (time) and can be extremely subjective. Copyright © Profits Run.
if any. Page 60 of 90 . these traders never even knew why others were somehow successful with the method but they weren’t. I can’t tell you the number of beginning traders or even traders with some experience that give up on a great trading method because it “didn’t work for me. While you must take responsibility to study and master the trading methods. (Caution: many so‐called Forex “mentors” merely offer canned material and sketchy.) Another key role for the mentor is to verify that your interpretation of various trade opportunities in real time markets is correct. But worse yet. your mentor can answer any clarifying questions on the course material that you may have. Power Forex Profit Principles – Limited Edition Copyright © Profits Run.” And the reason it didn’t work for them is that they were not applying the trading methods correctly in the first place. Either way they end up missing mastering the great method that they have before them. With a mentor. Inc. Be sure your mentor offers a dedicated support team to answer your questions. support. A mentor also provides encouragement and perspective on the real world of trading. you have the opportunity to dramatically shortcut your learning curve by checking in with your mentor from time to time as you study the course material and practice applying the new trading methods taught in the course by paper trading. those that had access to a mentor never asked for help from their mentor. only to go on to some other method that may or may not be good and just keep repeating the process with success never having been achieved. This helps you overcome any learning challenges along the way. Without a mentor. This alone will save you a great deal of study time as well as costly mistakes.
I remember at least a few times where I would be in a very critical meeting at my day job. and you need to ask yourself a very personal question. right?). But what are we all really trying to achieve? Honestly. And there was also a stretch of time when I’d get home from a long day of work. Back then. In my early days. I think I’ve been through it all. you need to understand this and stay disciplined as you await your next great profit opportunity. when I was killing myself to capture profits day trading. So many beginners fall prone to the “get rich quick” hype and therefore expect to achieve double digit returns month in and month out. see my wife and kids at dinner and then disappear into my trading “lair” with a pot of black coffee. for that matter). There will be profits and losses and good months and bad months. As a diligent student. we all want to make a profit (a BIG profit. I’ve been teaching thousands of folks just like you how to trade the markets since 2001. These are some of the events that drove me to discover trading methods that only required no more than 20 minutes a night to apply. Inc. It’s not a digital trading account padded with a bunch of zeros is it? Sure. Power Forex Profit Principles – Limited Edition Forex freedom in just 20 minutes a day? As I said before. That is not the real world. as my wife put the kids to bed and fell asleep without me. In summary. but my trading did. my life outside trading suffered and took some big bruises. So where do you begin? Well. and personal lifestyle. trading is a very personal business and I’ve always maintained that you need to trade with a method that fits your emotions. where my focus was needed 100% to truly be effective. Page 61 of 90 . but what we ultimately want is what that money can do for us. too. What’s the right mix of trading and non‐trading activity for you? When it comes to balancing this. And when I began Copyright © Profits Run. trading style. but my mind would wander to that open trade I had just placed an hour earlier. there was a TON of trading information online (and offline. Realistic expectations are another thing a mentor can help with. having access to a mentor while mastering a good trading method can greatly enhance your probability of success. And today. this information seems to have multiplied exponentially. So not only did my effectiveness at work suffer. There’s something to be said about lifestyle.
I found out I was not alone. In the broader picture. Good methods already exist. If that’s you. The funny thing is. “Don’t even think about it. But however you decide to trade the Forex markets (or any markets). try. Invest in a good trading method developed by someone who’s already gone through everything described in item 1 above. invent. All I know is that if I had a time machine. you need to do one of two things to be successful based on my experience: 1. I didn’t understand this. It took me years to finally come up with the core trading concepts that I know to be true and effective. I just don’t get it! Trading is a serious business. had I had the right mindset and understood the concepts I talk about in this report. You may love staring at charts for hours on end all day long. Inc. Dedicate years of your life to test. 2. sharing them with the world in 2001. and trade them. so I chose option one. There were thousands of traders out there who felt just like me. etc. experiment. I’d go back in time to 1974 and slap my younger self in the face and say. Power Forex Profit Principles – Limited Edition Page 62 of 90 .” I’d also give myself a copy of this report! So. I ran into a handful of great trading methods that. tweak. some traders whine and complain about spending money to learn how to trade. All I know is that’s not for me. Find them. I probably would have avoided years of losses and frustration. a good trading method on your own. I really hope it works out for you. Way back in the 1970’s. and my story. However. Or they moan about having to subscribe to a monthly data feed service for good trading data. that’s just my experience. You need to look at your story and decide what’s right for you. I believe spending money on trading education or on charting software is Copyright © Profits Run.
Sure. I highly recommend you print this entire report out so you can actually write on it and fill in your answers to these questions. For most traders. most brokers will give you great software for free). I’ve found by doing it that way. Let me be clear. But that’s OK! Remember what I said about simplicity. So. If you learn just one new technique. I want you to think about the underlying. this exercise will be much more effective for you. This report is not a trading method. then your time and investment in that method should have been well worth it. or if you see a familiar concept rephrased in a way that creates new clarity for you. Page 63 of 90 . you can go to the library or read every free article you can find online. either in losing trades over time. then whatever time or money I invested in it was totally worth it to me. I think you’ll find that it will help you clarify where you are. And as you become a more experienced Forex trader. if I can learn just one new insight or one new nugget of information when I’m evaluating a new trading method. with Forex trading. where you want to go. whether it’s your own or someone else’s. Power Forex Profit Principles – Limited Edition Why Are You Interested In Forex? As you’re digesting and assimilating all the information in this report. it’s because you want to improve or change something that’s not working for you. You don’t need an overly‐complex method to be successful. This is making gradual improvements to your trading success over time. Personally. I look at it this way: You’re going to spend the money one way or another learning how to trade. Copyright © Profits Run. you’ll see some of the same concepts covered again and again in various trading methods and courses. Inc. please take a few minutes and complete this short activity that I learned from Stephen Pierce a few years ago. and what it’s going to take to get there. an absolute necessity for quickly reaching your trading goals (and thankfully. and it’s something I believe all of us as traders should strive for. If you haven’t already done so. Yes. to help you out. I believe it contains some very good information that can be used with any trading method on the market. It’s merely a collection of questions and answers. But this information is only one piece of the larger trading puzzle. core reasons why you’re actually interested in trading the Forex markets. or upfront in good trading education.
So if you’re feeling a little resistance. Inc. The bad news is that the odds are strongly against you completing this activity. it forces you to think about what you really want in life. Go figure. either. go ahead and smash through it and commit to taking the first step to creating the future you want RIGHT NOW. Page 64 of 90 . and the first time I did this activity. it was very profound for me. you might find this activity a little weird or uncomfortable – I know I did! But trust me.) Power Forex Profit Principles – Limited Edition Copyright © Profits Run. Now. then you’ll automatically have an edge over all the traders who refuse to do it. if you’re an analytical person like I am. Think about that for a minute… (By the way. And the good news? If you’re unlike most people and actually take a few moments to complete this activity. and spend no time working on their ‘mental edge’… but most people don’t succeed in the markets. here’s some good news and bad news. Why? Because most people think they just need the ‘hard stuff’ when it comes to trading.
and Portugal. What does your dream look like? Describe it in as much detail as possible. use as much detail as you can.”) _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ Copyright © Profits Run. and have 8 more cities to visit this year.”) _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ 3. The stress and strain I used to wake up with when I struggled to make ends meet is now gone. traveling the world. (Continuing with the example above. retiring early. “My wife and I are healthy and happy as we effortlessly travel first class from country to country.”) _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ 2. we’ve visited Italy. Spain. Inc. (For example. I feel totally relaxed and in control for the first time in my life. Page 65 of 90 . sending your kids to college. A private limousine picks us up at each airport we land at whisks us off to the next 5‐star hotel. What does your dream feel like? Again. Power Forex Profit Principles – Limited Edition 1. starting your own charity. “I retired at age 40 and am currently on a world travel tour with my wife. Describe as if you already have and are currently experiencing it right now (for example. etc). “It feels so good to be free and to be close to my family. So far. What is your ultimate dream? This can be anything you want (for example.
Write down 5 compelling reasons why you MUST transform this dream into reality. “I MUST dedicate at least 20 minutes every day to studying successful Forex mentors”. or “I MUST find a good trading method I can rely on so I can have confidence in placing trades”. and I MUST spend more free time with them before they grow up and move away. Inc.) 1) ___________________________________________________________ 2) ___________________________________________________________ 3) ___________________________________________________________ 4) ___________________________________________________________ 5) ___________________________________________________________ Page 66 of 90 Copyright © Profits Run. “My kids are getting older. Finally.”) 1) ___________________________________________________________ 2) ___________________________________________________________ 3) ___________________________________________________________ 4) ___________________________________________________________ 5) ___________________________________________________________ 5. write down 5 things that MUST CHANGE in order for you to achieve your dream. (For example. (For example. . Power Forex Profit Principles – Limited Edition _____________________________________________________________ 4.
So with a good Forex trading method in hand. Now. Also remember that the Forex markets are not magical or mysterious. I’d like to thank everyone who took the time to send me their top questions. you should be well positioned to add Forex trading to your own personal trading “toolkit”. you are not alone in your quest to successfully trade the markets – as always. Remember to go back and re‐read these questions and answers at least a few times. and I hope this helps you do the same. but every time I do a survey I’m reminded that we’re not so different after all. Even though I did this a few years ago. Copyright © Profits Run. Remember. Inc. Page 67 of 90 . They’re just markets. It inspires me to stay focused and on target. I still keep my answers next to my trading computer. Something that you missed the first time through will undoubtedly jump out at you in subsequent readings. save these pages and keep them somewhere where they can be reviewed every day. Period. We all think we have unique problems and questions. I am here to help you. And I hope you got at least one useful nugget of information about Forex trading. Power Forex Profit Principles – Limited Edition Forex Survey Summary It was a lot of fun going through all the questions I got from conducting this survey on Forex trading. And you can potentially pull profits out of the Forex markets just like with any other market. you helped a lot of traders who will read this report. In doing so.
Copyright © Profits Run. This groundbreaking course is all about achieving Forex freedom in just 20 minutes a day. Power Forex Profit Principles – Limited Edition Announcing My Groundbreaking Forex Course: The Forex Profit Accelerator Figure 39 ‐ Forex Profit Accelerator It’s finally here! My Forex Profit Accelerator home study course was just released in limited quantities. But instead of showing you how to trade just one method. Inc. I can’t wait for traders to get their hands on this! It’s a complete. the Forex Profit Accelerator reveals four complete methods that dramatically increase your ability to potentially pull more pips out of the markets. Page 68 of 90 . step‐by‐step guide that shows you how to treat the 24/7 Forex markets like end‐of‐day markets.
Page 69 of 90 . maybe 99%. and it’s not a pretty sight. you name it. Some of the material I receive is quite good. I’m constantly tinkering around in my “trading lab”. Now. companies. It has often been said that if you can’t make money Copyright © Profits Run. in my opinion. I’d rather be trading. But the vast majority of my readers have told me time and time again that day trading is not for them. Power Forex Profit Principles – Limited Edition I Made 2 Astonishing Forex Discoveries Those of you who have been following my teachings know how much I LOVE TRADING! Even though I have a solid set of methods and techniques I use for my own trading. First. This perception is very dangerous. then more power to you (I can even recommend some great day trading Forex courses). and I believe I’ve seen just about every type of program on the market. I am approached quite frequently by other traders. This removes all the stress and strain associated with trading on a 24 hour basis. I’ve seen it happen. because of my position in the trading education community. Some people like to play golf. Besides spending time with my family. It actually may be higher. I made two key discoveries that were astonishing to me. either. Inc. In reviewing all this material and in examining all the questions I’ve been receiving from my readers and students about Forex. most of it is incomplete. because not all traders are psychologically equipped to handle day trading. there seems to be a flaw in the perception of how money can be made in the Forex markets. it’s what I like to do in my spare time. The reason I tell you this is to impress upon you the amount of trading material I have in my personal library – I have a TON. so they get in over their heads and get eaten alive until their trading accounts are emptied within a few minutes or hours. systems developers. If you prefer that style of trading. And that’s great news for them… Why? Because the other discovery I made was how to treat the 24/7 Forex market as an end‐of‐day market. but honestly. Many of them send me evaluation copies of their programs and methods to get my professional feedback and opinion. I’ve already told you my opinion on day trading – it’s just not for me. And the flaw is this: it seems that 95% of all Forex traders only think they can make money day trading these markets.
you’ll never make money day trading. including governments. trading on an end‐of‐day basis. The big institutions simply can’t move that fast without damaging their positions. you can get on and “ride their coat tails”. in part. as soon as you learn to spot a big swing. If they are right. due to the ever increasing short positions of these financial institutions. the market might drop as expected. And when you learn the right way to trade Forex as an end‐of‐day market. I am talking about hundreds of thousands of standard lots. Page 70 of 90 . Collectively they might begin slowly building what will become very large positions in the market by selling short the USD/JPY pair. And by the time they’ve turned to look over their shoulder. Inc. suppose several major financial institutions think that the Japanese Yen is undervalued versus the dollar and that the Japanese government will soon act to stop artificially suppressing the value of the Yen. And we can jump out just as quickly as we jumped in. Power Forex Profit Principles – Limited Edition Copyright © Profits Run. But it gets even better… When you treat the Forex markets as end‐of‐day markets. you’ll have already gone on to the next big swing. For example. we small traders can apply trading methods that will spot these moves and jump on board at a moment’s notice. I tend to agree. I’ve found they can offer far more profit potential than the minor swings many day traders kill themselves to capture. But while these behemoths react slowly to market changes due to their sheer size. you can quickly jump from one big swing to another as they’re driven by the Forex market giants – the big banks and other financial institutions. We can protect our positions with initial stops and ride the wave to good profits if the market follows through on the downside. Whether the Japanese government acts or not.
so I wasn’t sure if I would Copyright © Profits Run. step‐by‐step. so you will always know how to take profits out of your trades as quickly as possible. but with a level of agility they don’t have and to do so to minimize risk and maximize profit while they’re still trying to “unwind” their positions. He’s a master at understanding how to clearly communicate and educate complicated concepts to individuals. to maximize your profit‐taking. you will always know exactly what to do every time you place a trade. Power Forex Profit Principles – Limited Edition 4 Methods and a Wedding: Lock Me Up & Throw Away the Key I could not have gotten this course done without my son and partner. all based on my time‐tested principles. It’s that simple. which I described earlier in this report. And that’s why I decided to name my course the Forex Profit Accelerator – because I show you how to truly accelerate your Forex profits with my four methods that you can use individually or together. And no matter which way it goes. And here’s the kicker – I don’t just show you how to do this one way… …I give you four complete methods. The bottom line here is that we are prepared to ride the trend on the coat tails of the mega traders. What this means is that with the Forex Profit Accelerator. synergistically. So the bottom line is this – no matter what happens in the Forex markets. Greg. with the Forex Profit Accelerator. Page 71 of 90 . This is a BIG DEAL! If those last few paragraphs didn’t make sense. I show you how to use it in exact detail in my course. In the case of the Forex Profit Accelerator. how to identify when a Forex pair is likely to make a move UP or DOWN. please go back and read them again. No exceptions. I had four complete methods to teach – I’ve never done this before in a home study course. that allow you to identify as many profitable trading opportunities as possible. And those of you who own my other trading courses can thank Greg for making them so easy to understand. No matter the outcome. Inc. I found a way to show you exactly. A key part of these methods is my Optimal Profit Exit Strategy. I created specific trading rules that let you take advantage of those moves and ride them for a huge potential profit.
I drove away confident that there would be a great‐looking Forex course waiting for me when I returned. The deadline was my nephew’s out of town wedding. I’ve been trading the markets since 1974. I’m constantly “raising the bar” in order to provide the best quality trading information to my readers and students. and producing this course to make sure it’s absolutely the highest quality on the market. so. but here are the facts. I was on a road trip to Virginia with my wife to the wedding. Here’s what I mean… when Greg showed me the final version of the complete Forex Profit Accelerator course. Also. developing. so I believe I’ve seen nearly everything out there. Everything about this course is the best I have ever seen (and I’m not just saying that because this is my course). Power Forex Profit Principles – Limited Edition Page 72 of 90 . But like anything else in life. ever get it done because this course is so HUGE. while Greg finished things up at home. After I was done. the Forex trading education market is about to get Copyright © Profits Run. I know that might seem like a brazen comment to make. I can’t think of any other course that compares to the Forex Profit Accelerator. But I wasn’t prepared for what I saw when I got back. The lucky few individuals who have already been through the course have given me the same feedback. I set a deadline and then got to work. Inc. I’ve been developing trading courses since 2001. And not only that. like many times before when I’ve created my courses. and I’ve spent close to $100.000 professional recording studio and kept me fed and alert so I could deliver and teach my best Forex methods as effectively as possible. Many traders are going to be totally blown away when they learn the contents of this course. I knew we had achieved a new level of quality with our home study courses. Greg locked me away in his $20. So based on everything I’ve seen.000 of my own money researching. and I firmly believe the Forex Profit Accelerator is by far the most extensive Forex trading course I have ever seen.
content. it contains 4 totally unique and brand new methods I designed specifically for the nuances and “personalities” of the Forex markets.) Power Forex Profit Principles – Limited Edition How the Forex Profit Accelerator is Different from Other Forex Trading Courses I kind of already touched on this earlier. but four complete. turned on its ear. One more question I’ve been getting is. Here are the answers: This course is different from all the other Forex courses that I’ve seen because it drastically compresses the amount of time you need to spend actually trading (20 minutes a night) by showing you how to treat the 24/7 Forex markets as end‐of‐day markets. A common question I have been receiving is. and effectiveness of the Forex Profit Accelerator. do I need this one?” These are fair questions. Page 73 of 90 . and aren’t interested in only spending 20 minutes a night trading. then the Forex Profit Accelerator is definitely for you. it gives you not one. “If I already have a good Forex course. then this course may not be for you. but I wanted to revisit it here. “How is this course different from all the other Forex courses out there?” The other one is. Copyright © Profits Run. If you’re already successfully day trading. however. This course is going to raise the bar so high that I personally think other sub‐standard courses will need to be completely overhauled and re‐ done if they hope to compete with the quality. However. “Is this course similar to your other trading courses?” And the answer to that one is this… the Forex Profit Accelerator is similar in its goal of teaching you step‐by‐step trading methods you can own for life. enjoy spending time looking at charts. Inc. step‐by‐step methods that let you jump on the swings driven by the big banks in order to maximize your profit potential. Further. at least one of my competitors was so impressed that he privately told me that he is planning on re‐doing all of his courses using the same technology we used to develop the Forex Profit Accelerator. if you’re like me (and most of my readers) and want to learn how to spend as little time as possible trading (while potentially pulling in more pips than even the most diehard day traders). And do you need it if you already have a Forex trading course? It really depends on you. (In fact.
Also. hard‐ working traders (just like you) more of the strategies. And I teach you how to potentially profit no matter which way the markets move. I include a 12‐page Quick Start Guide that answers the most common questions about how to study and learn most effectively with the Forex Profit Accelerator. So I can teach honest. and trading philosophies I have worked so hard to discover over the past 30+ years that can potentially improve their trading results and bottom line. you can probably skip over all the introductory material and begin trading even more quickly. Power Forex Profit Principles – Limited Edition Here’s What’s Inside the Big White Box The Forex Profit Accelerator contains seven (7) CD‐ROMs of hands‐on. There’s also a 160‐page full‐color reference guide with all the charts used in the CD‐ROMs. And this is the exact reason I created my Forex Profit Accelerator course. My students really love these reference guides because it’s very easy to flip to any page to get a quick refresher on the concepts you learn on the CD‐ ROMs. Page 74 of 90 . And I’m certain that you’ll still find massive value in the Forex Profit Accelerator. Copyright © Profits Run. so if you consider yourself the latter. Anyone who knows me knows that I am all about seeking the truth and discovering trading tactics that WORK. Period. “at‐a‐glance” summary you can keep right next to your trading computer so you always know exactly what to do – every time you place a trade. in order make sure you get off on the right foot. tactics. Inc. I just don’t care about the opinions or ideas of other so‐called “gurus”. step‐by‐ step “video screen capture” tutorials that will let you discover the exact strategies and tactics that will help you find those spots in the Forex markets where major swings are about to be established. I also include four “trading blueprints” that summarize each of the four Forex Profit Accelerator methods so you have a handy. I only care about results. I made sure this course could be understood by both novices and experts alike.
indeed. Those that know me should be surprised. Page 75 of 90 . I also believe in giving back and donating to my favorite charitable organizations. I’m running a business. I do spend an awful lot of time answering questions from not only my students. I don’t want to mention anything just yet. IRAs and 401(k)s that pay me every year. my family and I are very comfortable. So I think I’m really lucky and in a unique position because I don’t need to put myself through any unnecessary financial Copyright © Profits Run. I’m doing my best to “pull out all the stops” to make sure you get the absolute best Forex learning experience on the planet! Power Forex Profit Principles – Limited Edition Why Am I Doing This? Some of my readers ask me. No kidding around. And in case you were wondering. Sure. Inc. We are truly blessed. and I also have another completely separate automotive consulting business that requires very little of my time. too. I have a solid pension from 36 years as an automotive executive. but I think you’ll be really surprised when you see what else I’m going to include. Here’s the deal – as I said before. I don’t need the money from my trading education business to survive. I’m what you might call a “trading nerd”. I’m currently in discussions with some of my trading associates and I’m working on even more surprise bonuses and “add‐ons” that I’m going to include with the course. it’s not just about the money. I really do love trading. and I decided to pack as much value as possible into all my products. So if you pull my trading business completely out of the picture. That’s why with my trading business I decided to pay my employees very well. but honestly. but has earned me more than most people make working a full time job. however. why do you spend so much time helping us out?” Good question. because I was trained as an engineer and I have a master’s degree in finance. “Bill. but subscribers to my free email reports.
Can you do it alone? Maybe. and then the ability to “pull the trigger” and take action on what you’ve learned. “How long will it take you. have the real potential to achieve the freedom they’re looking for. which gives me the luxury of taking my time to really help out my students. I’ve lived an amazing life so far. and at my age it feels so good to be able to help so many people out from around the world. and I’m really glad I’m able to be able to mentor and coach so many traders so that they. stress. But I also know for a fact that even if you only learn and apply just one of the four methods I expose to you in the Forex Profit Accelerator that you’ll be trading with 100% confidence from day one and you’ll also be using time‐tested trading principles that 90% of all Forex traders don’t even know about. But the question then becomes. Page 76 of 90 . All you really need is the desire and drive to want to improve your Forex trading. Can I achieve the same results as and be as successful as your other students are?” This is a natural concern and a fair question… …and here’s the answer: You don’t need to have a master’s degree in finance like I do. and how much money will the market suck out of your trading account before you figure it out?” I know. Power Forex Profit Principles – Limited Edition Can You Do It. “I’m not sure if I have what it takes to be successful with your trading course. I think this is my true calling in life. Inc. Copyright © Profits Run. it certainly is possible. I’ve been there. nor do you need to have over 30 years of experience riding the emotional roller coasters of the markets. too. Too? A question I get asked a lot is.
It’s 8 minutes and 43 seconds long and it’s taken directly from the Forex Profit Accelerator course. It happened last Copyright © Profits Run. I’m limiting the release of the Forex Profit Accelerator to only a few copies because I want to make sure that I’m able to support the Forex Profit Accelerator students. I used this approach successfully last year with another one of my trading courses and the students that were lucky enough to get a copy really appreciated the personal attention. Page 77 of 90 . Power Forex Profit Principles – Limited Edition Insider Video Back Online For You to Watch I just put back up one of my most popular “insider” videos that you can watch online right now. Inc. But if history is any indicator of what’s going to happen. I don’t want to spend time answering ordering questions. I just don’t believe it’s fair to sell 5. you’ll also be taken to an open letter I wrote for you that reveals more in‐depth information about my course. you’ll see a link for even more videos. I urge you to pick one up NOW. I would rather put my energy into making sure all my students that took action and purchased their own copy of the course understand the materials and have all of their questions answered in a timely manner. Why? For 2 very specific reasons – 1. Plus. each “mini‐release” will sell out. If it shows copies are available. 2. When you click on it. I’m also limiting the release of this course to small batches. and rather quickly. Why? Because I don’t want to worry about shipping out more copies of the Forex Profit Accelerator every day. I will not sell these until I am certain that the current group of students is successfully getting the support they need and things are running smoothly and flawlessly. It reveals part of my Optimal Profit Exit Strategy from one of my four Forex Profit Accelerator methods. If I have copies left over. Go to this web page right now to watch this brand new video: www.forexprofitaccelerator.000 copies of this course when I know in my heart that there’s no way I could support that many new students right now.com/video On that page. underneath the video.
Now. if you don’t get your copy during this release. This is not a marketing gimmick. year. All I know is that if you don’t claim your copy when it’s available. it may be 4 months… it could be a year. Inc. and maybe a long time. you really need to get it while it’s available. I can’t guarantee when the Forex Profit Accelerator will be available again. you WILL have to wait to get your copy. It may be 4 weeks. Here’s the web page my developer just put together for me – this is exactly what you’ll see on the order page after each batch sells out: Power Forex Profit Principles – Limited Edition So if you have ANY interest in picking up your own copy of Forex Profit Accelerator. Page 78 of 90 . Copyright © Profits Run. and I only opened up the offer to about a third of the traders that are seeing the Forex Profit Accelerator this time.
Here are just a few of their kind words. Needless to say. Your ongoing interest in your students' well-being and success is really great. this method works. CA* "Have only done 2 trades to date both of which won and covered course costs. And I’m willing to bet that you’ll be sending me your success story. Thank you." --Peter M. I have been trading the Forex markets using your principles and trading rules set out in the course for about a month now and by and large have been very successful in making good profits. Australia* "I am thoroughly happy with FPA course. too. I appreciate all the work you do and for letting all of us know what you're up to. London. I must congratulate you once again for a fab course and it is the best investment I have ever made.00 on the gbp/usd pair. Power Forex Profit Principles – Limited Edition Success Stories from My Students! My Forex Profit Accelerator students have already discovered just how powerful my course is." --Rawlston W.. And it seems like they write in nearly every day to tell me about their success. I've bought a truckload of programs and systems over the years and this is one of the few that actually works. You're that rare guy who truly cares about his students. United Kingdom* Copyright © Profits Run. Inc. Davis. "Just wanted to let you know that I woke up this morning (12/5) to a profit of $2..228. Page 79 of 90 . Instant Pips downtrend. after a few weeks with the Forex Profit Accelerator. This is an incredible method!" -Lee Meddin. a trade I entered only yesterday...
about 55% net gain with just the Instant Pips method! Very satisfied. I've certainly had more winning trades than losing ones. more then $4. The Netherlands* "I have to confess this is by far the most profitable and user friendly trading method I have come across. let me say thank you *so* much for coming up with the FPA. I like your time-saving and conservative approach very much. We are going to use them too. Many thanks to you and your team for this tremendous job. they can't wait for your next release so they can get in on it!" --Laura G. On October 9th we did our first trade. I've already told friends of mine who trade Forex about it. Japan* "I commenced trading the Forex Profit Accelerator live in October. Until now we made 12 trades only with 1/4 lot and the profit is amazing.000! And that in 5 weeks. and the extra tactics. after one week we could make our first trade. Page 80 of 90 . CO* "I'm very glad my father and I decided to buy FPA in September. I have really appreciated the Copyright © Profits Run. I just wish I'd had it when I first started trading Forex a couple of years ago. I found the course to be very well-presented and thorough in its content. Thank you again for the great trading system and the wonderful customer support... Now we are confident with the system we are ready to trade with more money. I appreciate the updates. Course is very easy to understand and I love the colored quick reference cards. Power Forex Profit Principles – Limited Edition "First of all. South Africa* "So far. I started trading live with the FPA on 10/15." --Frans & Ingrid H. I could have saved myself a good deal of money on trades I should have never made in the first place. The system was easy to learn. I am more than exited about my future in Forex trading since I enrolled in your profit accelerator program." --Ted R. Tokyo. Lakewood.. Inc." --Fred B..
I was trading short time periods and was really getting tired of looking at charts all night trying to capture a few pips. Not too shabby! I'm impressed. Petal.140 pips and I currently have three open positions with profits of 409 pips on the Euro. Thank you for the high quality of the presentation and explanations... I'm up 85% on a $10K portfolio...000 on 5 winning trades . I have been trading Forex for about 2 years and until doing your course I was very unhappy with my performance." --Dave C. In that time I have closed a total of 24 trades with a net profit of 1. it could have been a lot more if I had taken all the trades triggered. Page 81 of 90 ." -Doug M." --Garry M.no losers yet. It does a lot for confidence levels to know one is using a quality product that has been thoroughly researched as well as the knowledge that you are continuing to support us. I appreciate the prompt responses to my numerous questions.. 534 pips on the Swiss Franc and 350 pips on the Yen. Now that I am trading on a daily basis I am really enjoying it as I do not have to spend hours in front of my computer. MS* "I have implemented 3 of the methods on Metatrader and have made over $7. Power Forex Profit Principles – Limited Edition follow-up you provide and the bonus videos. Again. It has been very useful to have your Pip Feeder to verify my signals. Australia* "In my demo account I started trading using the FPA on Oct 12th.." --Peter A. South Africa* Copyright © Profits Run. thank you for a great educational package and keep up the good work. I really appreciate the way all 4 systems work together. British Columbia* "After 1 month of paper trading. Inc.
Thank you very much for this system. 534 pips on the Swiss Franc and 350 pips on the Yen.000 in three days.. Thanks. I have just retired after 39 years of teaching and was looking for something to do. In that time I have closed a total of 24 trades with a net profit of 1. A couple of more weeks and I think I'm going to put some real money into the market. Mohave Valley. Not too shabby! I'm impressed. Power Forex Profit Principles – Limited Edition "What can I really say about your FPA program? Just one short sentence would suffice.* "I have been paper trading since I received it. Thanks for all you are doing and keep the faith!!!" --Jim M. and have made about a $12.140 pips and I currently have three open positions with profits of 409 pips on the Euro." --Doug M. It is a very easy to understand and complete method. AZ* "Wow. I think if I were live with my trading. Keep on the good work. I have paper-traded it and made paper profit of more than $6. I have been doing very well paper trading. 'brilliantly super'. Bill. Page 82 of 90 .000 profit. That is a scary thought for me but I feel confident with your system and with your support I will make some serious pips. I will be using it from now on. " --Yvonne F. Red Lion. for introducing the FPA to me and developing a system that is far superior than I have come across in this age of dime-adozen of new so-called winning systems that are literally flooding the market. Maple Falls. Bill. Inc. and it is. PA* "In my demo account I started trading using the FPA on Oct 12th. I would be paying for my health insurance right now. what a program." --Jeff F. WA* Copyright © Profits Run.. Much better than I have had from other systems. You gave it to me on a silver platter..
Inc. Page 83 of 90 ." --Randy M. Chattanooga. Knowing exactly when to get in. For the first time in the few years since I've been trying to trade the Forex. TN* Copyright © Profits Run. I have the confidence to place the trade and let it go. Power Forex Profit Principles – Limited Edition "It's been going great. where to place stops and when to get out along with just looking at the charts EOD fits my personality..
. With your program. I have one goal and that is to make a minimum of 2% of my portfolio a week. I am very impressed with the system so far. Nottingham. I love the four step program (set-up. Auburndale. This really can be done in 20 minutes a day. MD* Copyright © Profits Run.000 and I am up to $70. Page 84 of 90 . exit). but since I started using the program I found that I can consistently make profits. I have come to realize that the two previous times I did not have a complete trading method.. I have sent in my application to open an account and plan to start trading with real money soon. I'm very. I've always wanted to quit my job and become a full time trader. stop loss." -Robert Cormier. with FPA I will be able to achieve my goal. the knowledge to use that method. Power Forex Profit Principles – Limited Edition "In my first 2 weeks I had no losing trades. You know exactly how much money you're risking before you go into the trade. very impressed so far with my results.." --Robert C. FL* "I started paper trading two weeks ago with $50. This is my third time starting over in the Forex market. I have the confidence that I finally have a complete trading method. These four steps help me stay focused and keep my emotions out of the trade. entry. Inc. As a matter of fact. and the knowledge to recognize other complete trading methods.. I am considering buying all your other products as soon as I make enough (real) money to pay for this one.000 with no losing trades yet. GA* "Admittedly I had my doubts about the course. I have been able to do just that and a lot more with this program. Columbus." --Eric N.
You have done everything that you said you would do . I must say that the quality of the CDs is really very good .." --Syling L. I have just purchased your Quantum Swing Trader course and can't wait to get my teeth into it. CA* "I appreciate all the work you do and for letting all of us know what you're up to. This is an incredible method!" --Lee M. IL* "I have asked many questions as a new student and customer support has been excellent." --Rawlston W. Morris. You credibility was further enhanced when I listened to the interview that I downloaded from the web today. I am getting around 200 pips a week so far on paper. Page 85 of 90 . Bill. CA* "Love the methods and course. Davis. Thank you for developing the system. FL* Copyright © Profits Run." --Doug. and you kept the deadline. Inc." --Wayne E. Great work. Australia* "I am loving your FPA course.. Murrieta. Power Forex Profit Principles – Limited Edition "I am doing very well with the system. Thanks for your patience and instructions. By the way." --Sean D.. You set down a deadline. Lakeland. Having a lot of fun learning.the presentation itself and the content.* "I must say how much I am impressed with your level of integrity. I would not have been able to obtain the CDs. If it were not for duplicated orders that paved the way for 44 or so unsold packages.. Never even knew what Forex meant until I read your e-book and your course is making it easy to learn and actually understand how to trade. Also. You're that rare guy who truly cares about his students.especially the tight number of teaching materials that were sold.
Once again.. Page 86 of 90 .000. London. Modesto. it would've saved me $8. and your future will look bright.. Buy the program. I want to confirm to you that I have already made three times the cost of the package in just a week.. You have done a great job in setting it all out and explaining it. New Zealand* "I am very. The support that you get is unbelievable. United Kingdom* "Thank you so much for being the real deal. Power Forex Profit Principles – Limited Edition "I wish I would have seen this 3 years ago." --Jerry C." --Mohammed S. Tampa.. it's very cheap. PA* "I think it is excellent and very well done. this would be the way to go." --Weston B. For the price you have to pay. I appreciate the constant updates and feedback you are giving us." -Jim Miller. FL* "Thank you for the details provided in the package. If you want to do something other than work all the time. CA* Copyright © Profits Run. very pleased with your whole program. it bolsters moral 10 fold. You're going to become the CEO of your own company." --Courtland D. This material you put together is extraordinary. You have everything you need. Thanks for the many tips and tutorials. Red Lion. I sincerely thank you for your assistance and love. Inc.
I didn't think anyone could top the MMPP course. Written theory backed up by visual practical training on the graphs. for this!" --David H. Port Orchard." --John T. I am hoping that gradually. Great job. I have no doubts that this is the most sensible purchase I have made for my trading education these last 10 years. Great job!" --Keith D. Thanks. WA* "Amazing array of to-the-point study material. Quantum Swing Trader. British Columbia. just like having my mentor standing at my side. although we are an ocean apart. Page 87 of 90 . and now Forex Profit Accelerator. Bill. You know what I have found? They all work! The good thing about creating quality products that really work and being a person of integrity is that when you create something new ... Canada* Copyright © Profits Run. Power Forex Profit Principles – Limited Edition "I was indeed impressed with the material contained in the course. especially in the way it is presented. particularly in the quality of the CD presentation modules.. MMPP. using these methods.people who know you and have bought trading systems from you before will want to deal with you again. This Forex Profit Accelerator course looks phenomenal. and my commendations to both you and Greg for providing me with an heirloom to pass on to my family. I will be able to leave my job and just spend 20 minutes per day as you have suggested. Instant Profits.. Australia* "You have been a lot of help and there is much love for you here. South Africa* "To date I have purchased from you Super Divergence Blueprint." --Mike G. Inc. One of the things that I am really excited about with the FPA is that the trends tend to go on for long periods of time. but this looks just as good as or better than MMPP.such as the Forex Profit Accelerator .
Roseville. Inc." --Ernie W. United Kingdom* "I am very excited about these methods. CA* "I have had your course open and have been studying it from the minute that it arrived at the house on the 26th of September." --Robert M. Thanks for your excellent course.* Copyright © Profits Run. I don't mind paying for a course when the person who's selling it cares. You make the course so easy to understand with the cd's and trading examples along w/ the manual for quick reference. you care.. by the way. Page 88 of 90 ." -Darwin M. Power Forex Profit Principles – Limited Edition "I am extremely pleased w/ the results." --Wayne P. and has integrity. OR* "Great course. After I fully learn and have mastered this program I intend to look into your other courses.. Hermiston. London. I find your course very powerful yet easy to understand. After spending tons of money on other courses without results. This is by far the most complete trading course that I have ever seen on Forex.. Bill. 2007. Thank you for your email as it suggests to me that number one. Thank you for your support and sincerity. I wish to thank you for your guidance. and number two that you have integrity. and trading in general. Following your trading methods I have gotten back what I paid for the course 4 times over within the first 4 weeks.
Only risk capital should be used. Thank you very much for making such a fantastic course available.R. I was really unsure about how useful the information would be compared to its cost. both in the written manual and in the production of the CD's. and options. Short 2 USD/CAD. but I'm a true believer now. My first Forex transaction (using NZ dollars to purchase your course in USD) will be the best Forex trade I'll ever make . Thanks for a great course. ABSOLUTELY AMAZING! My first two trades were: Long 2 EUR/USD. I have gotten through the first two strategies. a wonderful presentation of a great system and rules. TX* *No representation is being made that these results can or will be obtained in the future. Copyright © Profits Run. Again. or that losses were not incurred subsequent to the date on which the testimonial was provided.. Thanks again for a brilliant course. Pip Maximizer 2 for a 46 pip profit on 10/4/07. New Zealand a week ago. Power Forex Profit Principles – Limited Edition "My FPA package arrived here in Auckland. Auckland. Inc. My success with QST prompted me to try the FPA product.. Sweden* "Course pays for itself in first two days of trading. My first impressions were of quality and professionalism.. Ponte Vedra Beach. There is a substantial risk of loss associated with trading forex.. Page 89 of 90 .it will be the key to unlocking many more trades in the future which will repay that initial transaction many times over." --David V." --Kurt B. FL* "Your crystal clear presentation of the methods absolutely rocks! High-class education. Sugar Land. stocks. Instant Pips for a 45 pip profit on 10/9/07. New Zealand* "Congratulations on another great product. futures." --Hans D." --Steve M.
Bill Poulos Copyright © Profits Run.com/video Good Trading. I’m so convinced that you’ll benefit from my new course. Here’s the web page again where you can see the video: Power Forex Profit Principles – Limited Edition www. I have a money‐ back guarantee on the priority enrollment form. Inc. And don’t forget to pick up a copy of the course if it’s available. Page 90 of 90 . I really hope you’ve found some value in this report that will help you in your trading. my Power Forex Profit Principles. Well. Finally. Don’t forget to watch the free video that reveals my Optimal Profit Exit Strategy.forexprofitaccelerator. that’s about it for this report.