|
FOREX TRADING
- Cynthia May
|
Type |
The Day Trade
Forex System |
|
Last Updated |
February 2005 |
|
Price |
10 |
|
Features |
9 |
|
End Result |
9 |
|
Overall Rating |
9
(Excellent!) - Providing The
Essential Guide To Forex Trading |
|
Owner |
Cynthia May |
|
Best
Used For |
Traders
who wish to start forex trading. The manual
gives you the basics and specific "Technical
Indicator Strategies" which you can immediately
apply for taking money out the markets. |
Our
Review
- This is an excellent piece of work. The system
provided you with a blueprint to make up to
$50 to $500 a day forex trading. The
strategies are simple, yet easy
to follow and apply.
What's In It For Me –
The Day
Trade Forex System
will show you how to trade forex for PROFIT.
That's the bottom line. You will identify how to trade at leverage so as to
make extra profits and at the same time keep your
capital to a minimum. You will also learn to trade with
'liquidity' so that your capital is not 'STUCK'
in trades.
What
We Liked:
Day Trade Forex Foundations: Gives you the *4
Foundations* essential to the Forex Profit System.
#1 discloses the 3 P's formula for consistent profits,
#2 what currency pairs you are recommended to trade,
#3 how to apply the information from news channels to
your trading and
#4 how to use technical indicators to set stop losses
and lock profits in your positions.
Step 1 of 6 to Forex Profit System: Identify the 6
"Critical Factors" that you must consider when opening
a trading account. Fail to follow these and your
losses could
exceed your profits.
Step 2 of 6
to Forex Profit System:
Shows you how to learn important skills such as how to
buy and sell the currency pairs, set stop losses, set
profit limits and understand how leveraged margin
works with a 'Visual Demo Account' before trading with
your hard earned cash in a 'Live Trading Account'.
Step 3 of 6
to Forex Profit System:
Shows you how to correctly 'set up your charts' using
Moving Averages, Bollinger Bands, Parabolic SAR, MACD,
RSI and Stochastics, but more importantly, the correct
settings and which combinations to use.
Step 4 of 6
to Forex Profit System:
How to buy and sell currency pairs and how to place
stop orders and limit orders.
Step 5 of 6
to Forex Profit System:
This is a MUST. You will learn when to
enter and exit your trades and when is the best
time to trade? You will discover 3 approaches.
#1 trading the breakout, #2 trading the trend and #3
trading tops and bottoms
(can't say any more on these strategies due to
copyright!!).
Step 6 of 6
to Forex Profit System:
This shows you how to actually open your 'Live Trading
Account'. This will be easy given you will
have traded the 'Demo Account'.
"Micro Trading The 1 Minute Charts"
This is for those traders who
only have a small amount of time to trade each day.
You will discover the trading art of "SCALPING" for
small profits, by getting in and out of trades in
matter of minutes instead of hours. Again the
manual will reveal the correct chart setup critical
for your success.
The Good – This is an excellent manual if
you are looking to start forex trading and want to
minimise the "Learning Curve". It uses simple
non complex chart setups to get in and out the market
to TAKE profits out. Furthermore, the system
does not require a detailed knowledge of
technical analysis.
The Day
Trade Forex System
is full of real trading information.
The Bad – It is for the beginner / intermediate
trader but still gets 9/10
for content. The advanced
edition is available
here. |
