Get the Real Insider Secrets Prom an ExBank Trader They Confided In

This is a book I never thought I would write how many times have you read that before However, I never imagined doing this project. The genesis of this E-Book came about because I was (and still am) tired of Forex Trading being touted as a get rich quick scheme. I hear about these Black Box systems being sold for 79.00 and they tell you when to buy and sell. If any of these systems were worth anything, they would cost much more then 79.00 and major banks would use them instead of Human Traders....

Size does matter Even in Forex Trading

Position Size is one of the most important aspects of trading Forex. It is what enables you to maximize your gains, and minimize your losses. Most novice traders take a flippant approach to their trading positions. They use what I call the gut approach. It goes something like this. They have certain levels that they are going to trade off of. As, the market approaches the level they get a feeling and that feeling starts to build up and they believe this move is going to be huge. So as the...

Euro and GBP PL

We have to keep in mind that when we trade these bad boys that they are very expensive. Each pip against us is value added so it hits the trading account hard when we are on the wrong side. However, it feels great when we are on the correct side. Let's look at the pip We buy one at 106.20 and Sell it at 106.00 We Loose .20 pips 106.20 -106.00 .20 .20 x 1,000,000 200,000 Yen Lost 200,000 106.00 1886.79 USD Lost. Thus every pip costs approximately 94.00 dollars per 1,000,000 Traded. We buy 1...