Hello, how do you do?
Until now, you may have never known how easy it is to make fast
money from forex day trading, because nobody has ever given you the
correct information, as I will in this article.
Most people from middle class make their money from investments
in real estate, stock trading, bond trading, mutual funds, CDs, auction
programs and various internet programs and other small businesses.
They may have never heard about day forex trading, which is where multi-millionaires and billionaires make their money.
by I-key Benney, CEO
Forex day trading is the most profitable and attractive
investment opportunity because you can do it from home or office and
from any country in the world.
In forex day trading, you don't need to do any marketing or selling or internet promotion to succeed.
In forex day trading, you don't need to spend thousands of dollars to do any internet promotion.
In forex day trading, you don't need any stocks or warehousing.
In forex day trading , all that you've to do is open an account with one of the brokers with as little as $300 or $2000.
Then follow simple instructions to buy and sell the currencies.
When the price of the currency is low, you buy.
In a few seconds or minutes, the price will go up, and you sell it and make a profit.
By so doing , in a day, you can easily make $500-$1000 by just
buying, selling and trading these foreign currencies for about 3 or 4
hrs!
The more money you put in your forex day trading account, the more money you can make.
You can use $1 to control $200 investment in foreign currencies.
$200 to control $50,000 investment.
And $1000 to control $200,000 cash.
And get this:
You don't even have to be stuck sitting behind your computer buying and selling these foreign currencies.
You can enter all your buy trades and specify the sell prices you desire and then log off.
Whenever the values of these foreign currencies rise and your
selling prices reach, the currencies will be automatically sold for you
and you make money!
If you put $300 in your LIVE "Forex day trading", you can
generate a minimum of "$10 in 10 mins." or about "$50" minimum daily, 6
days/wk!
If you put $1000 in your LIVE "Forex day trading", you can
generate "$100 in 10 mins." or about "$400" minimum daily, 6 days/wk!!
If you put $10,000 in your LIVE "Forex day trading", you can
generate "$300 in 10 mins." or "$1000" minimum daily, 6 days/wk"!!!
If you are very ambitious build your live account to $50,000-$100,000 account, you may possibly rake in $1,000,000 in 1 year!
You can do forex day trading and at the same time keep your day job, because in forex day trading, there is no work to do.
In the future when you have made hundreds of thousands of
dollars, you may then quit your job and just keep doing forex day
trading forever and go on permanent vacation!
To understand the beauty of forex day trading Picture this:
In the morning, you get up from sleep at 6 am.
You go to your bathroom and have your shower.
At 7am, you hurry and eat your breakfast.
At 7.20 am, you login into your forex day trading account on the
internet and spend 10 minutes to buy about 3 or 4 different currencies,
[for example British Pound, Euro, CHF (Swiss Currency) and Yen
(Japanese currency).]
You can specify the price at which you wish to sell each currency.
Then you can log off.
By 9 am, you're at work in your office or business place.
You do your job as usual and by 5 pm, you're finished and heading home.
When you get back home around 6.30 pm, you login into your forex day trading account to see how much money you've made.
Holy Molly, there in your account it says you have made $750!
"Is this for real?", you wonder:
Yes, it is. (Your eyes are not deceiving you:)
$750 in a day for just clicking your mouse twice and doing no work?
(Whereas at your job, you work 8 hrs, but make only probably $150..)
This is how easy it is to make money from forex day trading.
But before you use real money to open a live forex day trading
account, you have to open a free trial (demo) forex day trading account
and practice first, to understand how it works and to acquire the right
skills.
This free demo (trial) forex day trading account (forex
simulation trading) will help you to reduce a lot of risks that can lead
to loss.
In forex day trading, you can choose how much money to invest, how much money to make and when to make it.
You can make money daily, 365 days all year from forex day trading.
Your computer can be transformed into a personal, home "ATM"
machine that cranks out cash for you daily (without large investment or
hassles) from forex day trading.
In forex day trading, you can choose what type of risk you can manage, when to invest and when not to invest.
In forex day trading, you're the boss. You may do as you please.
When forex day trading is compared to other investment programs
such as stock trading, bond trading, mutual funds, real estate and
regular business, it is evident that forex day trading is the fastest
and greatest way to make money in the world.
Forex day trading is a 2.5 trillion dollars daily business and it is larger than all the stock trading in the world combined.
These are some of the reasons why I believe that forex trading is the fastest and best way to create fantastic wealth.
Perhaps from reading this article you'll now come to know why
forex day trading is the secret behind the greatest wealth on earth and
why it has been kept hidden from the average people of the world and
therefore little known to the masses.
May these forex day trading insights open your eyes to the
possibility of infinite wealth and success that can be yours from forex
day trading.
Please feel free to print or publish this article anywhere and
read and also send to your friends and well wishers and please preserve
the author's resource box below.
Learn to analyze day trading stock, online day trading, day trading software and online Forex trading. We focus on different aspects of Technical, Fundamentals analysis and Forex robot.
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Saturday, November 2, 2013
Tuesday, October 29, 2013
Discretionary Trading is Better Than Robots
I have been trading for more than 15 years now.
When I first started, in 1994 as far as I remember, there wasn't a lot of softwares on the market and of course we didn't talk about forex yet.
But, "magic systems" were already spreading over the web. You were finding different kind of gurus selling their black box that only professionals use, of course, promising you a fortune in a matter of days or even hours...
One after the other, the gurus disappear leaving place to others.
Today, you can find thousand of "wonderful" systems if you type "trading system" on any search engine. You may read numerous articles promoting the success of such expert advisor or trading robot.
Speaking of robots, it's amazing how people believe in automatic trading. They think they can go to work in the morning, leaving behind them this wonderful robot catching pips on the forex market all alone. Have you been given the chance to get this ultimate trading system only used by banks or institutionals ? Just be patient, a smart guy will soon propose a good one, maybe the best. by Sebastien Duval
I use an ironic tone on purpose because I am tired to see all this disillusion from people who still believe in Santa Claus. Get back on earth, my friends, there is no easy way to earn money on the financial markets. Most of the traders, living from their activities, won't share their work with you.
The good news is you can learn to trade by yourself. Today, you can get very good trading courses on the web, free or not. You have access to valuable resources if you take the time to select websites.
Now, what are we supposed to do with all these trainings and advices, you might ask?
Well, if you want to be successfull in trading, whatever the market, you will have to learn to become a trader. You will have to develop your system, or trading approach, and adopt a good attitude through a back-tested money management (the one you feel confortable with and which works).
So, as a summary:
Why is that ? We know that patterns always repeat themselves cycle after cycle so we could imagine a easy way to benefit from this repetition. The answer relies in the human being behavior on the market. Traders are filled with emotions like greed or fear. Even if most traders now recognize the usual patterns and knows how to follow a trends, most of the time they let themselves overwhelmed by emotions when the market doesn't react like it should...
That leads this question: why discretionary trading works?
Dicretionary approach consists in following a trading system (because you always need some king of system) through the human eye. A trader, controlling his emotions and analysing the market with objectivity, has the ability to understand the market crowd represented by all the traders. He will be able to understand the excesses and adjust his trading accordingly.
A robot will enter a position as soon as a resistance or support is broken or when a 38% fibonacci retracement has been reached etc. Of course a trader would initially adjust his robot parameters according to his strategy but he won't be able to "play" new market conditions for exemple.
The market likes to defeat all automatic systems which tend to setup logical stop losses and profit targets. Have you ever seen the wonderful spikes on the forex market, in particular after news releases...
A discretionary approach will never prevent you from losses. Any trader will suffer from losses. It is part of the activity. If you don't want to loose, you should try no-risk investments offering 2-3% a year.
But at least, you will always control what you are doing, knowing exactly what the market is leading and if this is a good moment to enter a position or not.
You have obviously a set of rules, explaining the "when and how" you enter a position, but you may adjust your strategy according to certain market conditions.
Be careful though. You need to stick to the plan you implemented when developing your trading system and money management. It's a very important aspect of the trading. But once again, there is no automatic entry position. For the exits, it's a bit different because you can set a profit target in advance and exit the position automatically. You develop this aspect in your money management rules.
I hope I gave you the desire to become a real trader using a discretionary approach, far from automatic systems which definitly don't work. Trading can be fascinating if you give yourself the means to do it properly.
When I first started, in 1994 as far as I remember, there wasn't a lot of softwares on the market and of course we didn't talk about forex yet.
But, "magic systems" were already spreading over the web. You were finding different kind of gurus selling their black box that only professionals use, of course, promising you a fortune in a matter of days or even hours...
One after the other, the gurus disappear leaving place to others.
Today, you can find thousand of "wonderful" systems if you type "trading system" on any search engine. You may read numerous articles promoting the success of such expert advisor or trading robot.
Speaking of robots, it's amazing how people believe in automatic trading. They think they can go to work in the morning, leaving behind them this wonderful robot catching pips on the forex market all alone. Have you been given the chance to get this ultimate trading system only used by banks or institutionals ? Just be patient, a smart guy will soon propose a good one, maybe the best. by Sebastien Duval
I use an ironic tone on purpose because I am tired to see all this disillusion from people who still believe in Santa Claus. Get back on earth, my friends, there is no easy way to earn money on the financial markets. Most of the traders, living from their activities, won't share their work with you.
The good news is you can learn to trade by yourself. Today, you can get very good trading courses on the web, free or not. You have access to valuable resources if you take the time to select websites.
Now, what are we supposed to do with all these trainings and advices, you might ask?
Well, if you want to be successfull in trading, whatever the market, you will have to learn to become a trader. You will have to develop your system, or trading approach, and adopt a good attitude through a back-tested money management (the one you feel confortable with and which works).
So, as a summary:
- learning the trading basics from books or online ressources (technical analysis etc.)
- develop you own trading system which could be as easy as efficient
- use a money management system which is a necessary condition to make your trading system profitable
- learn how to behave properly while trading (have you heard of the emotions control...)
Why is that ? We know that patterns always repeat themselves cycle after cycle so we could imagine a easy way to benefit from this repetition. The answer relies in the human being behavior on the market. Traders are filled with emotions like greed or fear. Even if most traders now recognize the usual patterns and knows how to follow a trends, most of the time they let themselves overwhelmed by emotions when the market doesn't react like it should...
That leads this question: why discretionary trading works?
Dicretionary approach consists in following a trading system (because you always need some king of system) through the human eye. A trader, controlling his emotions and analysing the market with objectivity, has the ability to understand the market crowd represented by all the traders. He will be able to understand the excesses and adjust his trading accordingly.
A robot will enter a position as soon as a resistance or support is broken or when a 38% fibonacci retracement has been reached etc. Of course a trader would initially adjust his robot parameters according to his strategy but he won't be able to "play" new market conditions for exemple.
The market likes to defeat all automatic systems which tend to setup logical stop losses and profit targets. Have you ever seen the wonderful spikes on the forex market, in particular after news releases...
A discretionary approach will never prevent you from losses. Any trader will suffer from losses. It is part of the activity. If you don't want to loose, you should try no-risk investments offering 2-3% a year.
But at least, you will always control what you are doing, knowing exactly what the market is leading and if this is a good moment to enter a position or not.
You have obviously a set of rules, explaining the "when and how" you enter a position, but you may adjust your strategy according to certain market conditions.
Be careful though. You need to stick to the plan you implemented when developing your trading system and money management. It's a very important aspect of the trading. But once again, there is no automatic entry position. For the exits, it's a bit different because you can set a profit target in advance and exit the position automatically. You develop this aspect in your money management rules.
I hope I gave you the desire to become a real trader using a discretionary approach, far from automatic systems which definitly don't work. Trading can be fascinating if you give yourself the means to do it properly.
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