PROFITABLE FOREX 2019

Introduction
Forex trading is one of the most viable options for someone who’s
looking at bigger possibilities, bigger profit and greater ease in trading
and business. Because of it’s high liquidity and speedy transactions,
forex trading is becoming a popular game among players in the field of
business and marketing. While it’s traditionally for companies and
corporations with big capital and experience in the field, it has also
proven itself to be a good venture for a neophyte though what one calls
a Mini Forex account or mini forex trading.

Mini Forex Basics

Mini Forex trading is good for people who have just started in the forex
market and with not enough funds to open a regular account. It requires
a smaller capital compared to regular forex accounts, a minimum of
$300. With mini forex trading, you can control a $10,000 currency
position.
The key here is leverage. Because of leverage, a trader can trade
in a commodity more than the money available in his account.
Say with a $250 deposit, one could trade a maximum of 5 mini
lots. This kind of leverage is greater than stocks or day trading.
Of course, it is recommended to start with a manageable
leverage that allows greater flexibility in transactions.

What are the perks of mini forex trading? With just a small stake
involved, you get to enjoy free trading platform and benefits that
regular forex traders get to enjoy. These would include state-ofthe
art trading software, charts and resources. With a leverage of
200:1, the trader can trade in a commodity regardless of the
amount of money available to him.

Mini forex trading also allows for lesser losses as the contract size
is only 1/10th the size of a standard forex account. There is also
greater flexibility with regards to customizing trades and
minimizing risks. Ideal for those with smaller capital, the trader
has a chance of investing in more areas of the market with lesser
risk as there is lesser capital to be lost. He need not be hesitant
with his transactions as there is lesser capital involved.
With the same freedom enjoyed by regular forex traders, a mini
forex trader can trade as many lots as he likes. Although the
standard trade size is 10,000 units, you are free to trade as much
as 50,000 units or more. In this way, the trader also builds up his
confidence in his trading skills at the same time slowly increase his
profit and trading position in the market. He gets to manage his money
before going for the higher stakes in regular forex trading.

The trader likewise gets to develop a sound trading strategy without

getting too emotionally involved in possible losses and profit. For
practice, a newbie in forex trading can practice through paper trading.
But in the real market, he can start small with mini forex trading. There
is lesser capital involved

and the practice builds up the trader’s trading gameplan for future
explorations in regular, higher stakes forex trading.

An Example

On a regular account, a 25-pip stop loss is equal to a loss of $250. Since a

mini forex account is just 1/10th of the standard forex account, this is
amounting to $25 only. If you trade in units of 10,000, the trader is
given more flexibility in terms of customizing his trades and lessening
the risks of loss.
They say that business is for the risk-taker. But if you’re just
starting out, it’s wise to be cautious and think about your moves.
In the world of foreign trading, mini forex accounts provide the
wisest and best option especially for a neophyte. It requires
lesser capital, lesser emotional investment, and slowly builds up
your skills and confidence as a trader. In a way, it’s a way to
prepare the trader for the higher stakes in the more advanced
world of foreign trading.

Trading Hours
The forex market hours stretch from Monday morning in Sydney,
Australia to Friday afternoon in New York. During that time the
market is open somewhere around the globe at all hours of the
day or night.
However it is not a 24/7 market because it does shut down on
weekends. 24/5 would be more accurate.

If you need to know the exact times that the markets open and close,
you have to take time zones into consideration. It is very simple when
expressed in UTC. This is Universal Coordinated Time, formerly
known as Greenwich Mean Time. This is the standard (winter) time in
Greenwich, London which is the point of zero longitude on the globe.

So, the normal forex market hours are 22.00 Sunday UTC to 22.00
Friday UTC. This is 10 pm in the UK in winter time.

New York is 5 hours behind the UK so the global forex market opens
and closes at 5 pm Sunday/Friday in New York, 2 pm on the US west
coast, 11 pm in Germany, 8 am Monday/Saturday in Sydney.
Things get a little complicated when you start to try to take
summer time daylight saving into account. This makes one hour
difference in countries that observe it. But daylight saving
operates in a different way in the southern hemisphere countries
such as Australia which have summer time from September to
March instead of March to September.

The hours of the different major national markets are as follows:

Sydney: 10 pm to 7 am UTC

Tokyo: 12 midnight to 9 am UTC

London: 8 am to 5 pm UTC

New York: 1 pm to 10 pm UTC

Or we can express that in EST (Eastern US time):
Sydney: 5 pm to 2 am EST

Tokyo: 7 pm to 4 am EST

London: 3 am to 12 noon EST

New York: 8 am to 5 pm EST

You can see that these correspond to 24 hour cover.

However, this does not necessarily mean that trading will be good at all
of these times. Just after a major market opens, the prices can be very
volatile and unpredictable. Many traders will stay out of the forex
market for up to an hour four times a day when the financial markets
are waking up in these major cities.

The US dollar is the most traded currency by a long way, involved in 2.5
times as many trades as its nearest rival the euro. This means
that events in the USA have a greater impact on the financial
markets than events in other countries. The New York market tends
to slow down around 3 pm local time (8 pm UTC) and if you are
involved in a US dollar pair, this can be a good time to stop trading
for the day.

So theoretically you can trade 24 hours a day from Sunday night to

Friday night. Automated software in the form of a forex robot can
even make this physically possible. However, a cautious trader will
choose his times and will not be active during all of the forex
market hours.
About The System
First of all, to be able to use the system you need to have
Metatrader 4 platform installed on your computer. It’s free, and
you can easily get it by opening a free demo account with any
broker, like AAA FX .

Download Metatrader 4, install it, then copy/paste the system’s

indicator to indicators folder in Metatrader 4 main file. That’s
usually takes a path like C : Windows >> Program Files >>
Metatrader 4 >> Experts >> Indicators

Then copy the readymade template to C : Windows >> Program

Files >> Metatrader 4 >> Templates

Then close and restart Metatrader. Right click on chart >>

Templates >>> Template name.

Now your chart should look like this :

Forex Profits Guard is a manual trading strategy that you can use
to generate profits from forex market every month.

It was designed to be very simple and very powerful at the same

time. And unlike most trading systems all over the market, this
system is tested for a long time and proved to be profitable even
in the worst market conditions.

The reason for that, is that was designed based on the most
powerful trading methods like trend following and wave
trading.

At the same time, the system was meant to be very simple. You
don’t have to be an experienced trader to be able to use it. In
fact, even if you have no trading experience at all you would still
make a lot of money from it just like pro traders.

There are many people that sign up to trade Forex that don’t
understand or take the time to learn how and why to trade
Forex. There are many risks involved in trading any kind of
asset, whether it is stocks, bonds or currencies. If you are
interested in trading, make sure you understand Forex risks.

One of the biggest Forex risks is a leveraged buy. Some Forex

brokerages allow you to hold a certain amount of money in your
account but leverage that amount to up to 200 times its worth.
While this can be good if you are on the winning side of a trade,
this can be devastating if you lose your entire accounts worth
plus many times more.
So please, before you start trading .. make sure that you
understand and apply money management rules. No matter

how powerful the trading system is, without money management

.. it will become a time bomb!

This system is based on two price actions .. The first one is

pri ce’s tren d. And the second one is price’swave.

To indentify the trend we’re going to use T3 Histogram indicator

( Green/Red Bars )...
Obviously, it provides visual trending signal for up/down trends.

Red bars = Down Trend

Green Bars = Up Trend

To identify wave’s direction, we will use two indicators:

1 – Super Signals Channel ( Green/Red Arrows )

2 – W.A Explosion ( Green/Red Bars ABOVE Yellow Line )

How to identify wave’s direction ?

Red Arrow + Red Bar Above Yellow Line = Up Trending Wave

Green Arrow + Green Bar Above Yellow Line = Down Trending

Wave
2 – Green Bar ABOVE Yellow Line

3 – Green Trend Bar

From the above conditions we would have a valid BUY Signal

Example 2 ...
1 – Red/Down Arrow

2 – Red Bar ABOVE Yellow Line

3 – Red Trend Bar

From the above conditions we would have a valid SELL Signal

When one or more indicators are providing mixed signals, that

means we shouldn’t trade.

Entry, Stops And Targets

Best Entry point is right after you see all rules and conditions are
met. It doesn’t matter which one came first. You could see up
arrow, then green bar, followed by up trend green bar. Or you
could see up trend bar, then up arrow, followed by green bar
above yellow line.

All equally mean Buy signal.

Example..

The same is correct with all signals. Once all indicators provide
the same signal ( buy/sell ) then you’re ready to open a trade.
Targets:

For Targets, we’re going to use Pivots and support/resistance levels.

Buy Signals : Price should be ABOVE pivot line, targets are

resistance levels.

Sell Signals : Price should be BLOW pivot line, targets are

support levels.

Example…
Stoploss for BUY Signals, 10 pips BELOW entry Arrow.

Stoploss for SELL Signal, 10 pips ABOVE entry Arrow.

Example...
You can close the trade when price hits target level OR when you
get opposite signal.

90% of the time, you won’t get opposite signal. But that could
happen especially with important news releases that wo uld
cause trend reversals. That’s why it’s recommended that you
avoid trading during important news release!

The system works with all pairs and all time frames. You can also
use it to trade other markets – not only Forex – like stocks and
metals for example.
Multi time frame ADX Indicator

Multi time frame ADX measures trend’s power and direction.

Red bar = Strong down trend, Green bar = Strong up trend,
Yellow bar = Flat/weak trend.

This is indicator’s signals are not part of the system’s rules, but it’s
very helpful and allows you to check the “big picture” while you’re
trading anytime frame.
Forex Trading Brokers

If you traded in the Forex market before or if you’re still trading

now, you may have heard the term Forex broker a lot of times.
However, as an individual trader, you may want to know what is a
Forex broker and what they do.

Forex brokers are individuals or companies that assist individual

traders and companies when they are trading in the Forex
market. These individuals can really give you that extra edge you
need in order to be successful in the Forex market. Although
they will be trading your funded account, all the decisions are
still yours to make if you want to.
Forex brokers are there to assist you with your trading needs in exchange
for a small commission from what you earn. Here are some of the services
that a Forex broker can give you:

• A Forex broker can give you advice regarding on real time quotes.

• A Forex broker can also give you advice on what to buy or sell by
basing it on news feeds.

• A Forex broker can trade your funded account basing solely on his
or her decision if you want them to.

• A Forex broker can also provide you with software data to help you
with your trading decisions.

Searching for a good Forex broker can prove to be a very tedious task.
Since there are a lot of advertising in the internet about Forex brokers,
Forex traders get confused on which Forex broker they should hire. With
all the Forex brokers out there that offers great Forex trading income
and quotations, you will find it hard to choose a good and reputable
Forex broker.
With a little research, you can find the right Forex broker who can
be trusted. If you lack referrals for Forex brokers, you can try and
do a little research of your own. The first thing you need to find
out about a particular Forex broker with the amount of clients they
serve. The more clients they serve the more chances that these
brokers are trusted. You should also know the amount of trades
these brokers are conducting.

Knowing the broker’s experience in the Forex market is also a

great way to determine if he or she is the right broker to hire.
Experienced Forex brokers will increase your chances of
earning money from the Forex market.

If you have questions or complaints, you should call or email the

company and ask questions regarding their trading system. You
should never be uncomfortable doing this. Besides, they will be
the one who will manage your money. And, it is your right to
know about what they are doing with your money.

When choosing a Forex broker, you should also consider their

trading options. You should also know that Forex brokers are
different from what they can offer you. They differ in platforms,
spreads, or leverage. You have to know which of the trading
options is very important to you in order to be comfortable when
you trade in the Forex market.
Most online Forex brokers offer potential clients with a demo account.
This will allow you to try out their trading platform without actually
risking money. You should look for a demo platform that works just
like the real thing and you should also determine if you are
comfortable with the trading platform.

Look for the features you want in a trading platform in order for you to
know what to expect if you trade with them. If you are comfortable
with a trading platform, you should consider trading with them, and if
you are not, scratch them off your list. This is a great way to test their
trading platform and not risk your money.

If a Forex broker is not willing to share financial information about

their company, you shouldn’t trade with them because they are
reluctant to share company information. They should answer your
questions regarding on how they manage their client’s money and how
they trade that money.
Always remember that if you see an offer that’s too good to be true
by Forex traders, it probably is too good to be true. The
Forex market is a very risky place to trade and Forex brokers

must tell you that there are certain risks involved when trading in
the
Forex market. Avoid hiring a Forex broker who says that trading in
Forex is easy and a very good money making market with very low
risks.

These are the things you should consider when you look for a
Forex broker. If you find that right broker, you can be sure that
you can really earn money.

Thank you and Good luck,