 Forex Reported Forex Will Grow Over 500% In The Next Few Years Will You Grow With It Readers, I understand it's tough learning new platforms like Meta Trader but keep in mind many stock traders use this same platform with good success. Many don't like 'new' but 'new' can be good. To expand your horizon's can be good. If you stay where you are in life can be good but making life better is the goal on most. Try taking the time to download this demo and learn the indicators. This could possible be your release to financial freedom. I do wish you a successful future. Also GBDX is moving higher so you should start practicing Forex now so you are used to this platform once our GBDX investment is over. I really want you to take time to learn before you just throw your new found GBDX wealth away in Forex because you didn't practice enough before you opened a cash account. Practice and learn Practice and learn Practice and learn Practice and learn
****Group FOREX Demo*** http://www.globalforexnow.com/ptdemo.php *** ***Your Firewall Needs to Accept Feed*** Keep in mind this demo is for practice allowing the learning process before you move to a cash account once GBDX has paid us. It also important if you make mistakes it's ok that's what a demo is all about. You might even lose all your demo cash and if you do go to "File" "Open New Account" and you start all over. It's so important that you don't get bumped out if you make bad moves while demo trading. Your suppose to make bad moves while you go through this learning process. Many of us have been demo trading for a few months ( 2 to 5 months demo trading should be your goal). Normally we do all right making $30 to $100 per lot. Lately I have been trading 1/2 lots and I like that size. We also take some losses as expected. Daily we are experimenting with "Stop Losses", "TP or Taking Profit Stops". Readers there is so much to learn don't allow the platform to defeat you!! Every day I play with the platform finding new links etc.. Forex is 24 hour market – It starts from Sunday 5pm EST through Friday 4pm EST. Readers download our platform and spend a few hours at convenient times practicing sharpening up you skills. Don't give up! If you need help on the platform they have a "help" link. I suggest you go to that help link first then use it to help you figure out the platform. ****Group FOREX Demo*** http://www.globalforexnow.com/ptdemo.php *** ***Your Firewall Needs to Accept Feed*** Readers if you are a real trader you will find no market that you can trade in and out 50+ times per day making $20 to $500 per round trip trade. Also if you think you are a pro stock trader understand Forex is fast and you might not be capable of understanding this fast paced market. Under normal circumstances someone that wants to learn Forex is better off not being a person that thinks he is an expert. Learn the rules at the start and make a daily income. You can go live with as little as $500 but at least $2,000 - $5,000 or more should be considered. Readers here is a link to the Group Forex Demo ****Group FOREX Demo*** http://www.globalforexnow.com/ptdemo.php *** ***Your Firewall Needs to Accept Feed*** To be successful trading the Forex Currency Market it takes Practice Practice Practice Practice Practice
Cross Currency Pairs or Cross Rate - A foreign exchange transaction in which one foreign currency is traded against a second foreign currency. For example; EUR/GBP Currency symbols AUD - Australian Dollar CAD - Canadian Dollar EUR - Euro JPY - Japanese Yen GBP - British Pound CHF - Swiss Franc Currency - Any form of money issued by a government or central bank and used as legal tender and a basis for trade. Currency Pair - The two currencies that make up a foreign exchange rate. For Example, EUR/USD Forex This is a good place to start if you are new to the Forex Market. By making comparisons to the Stock Market, I will attempt to explain what you will be trading in the Forex Market In the Stock Market you are buying shares of stock whereas in the Forex Market you are buying currency in "Lots" also referred to as "Contracts". Each Lot or Contract has a face value of $100,000 dollars. Currencies are bought and sold in pairs. Each trade symbol has two currencies listed in the symbol. The currency listed first is the base currency representing what you are buying or selling. The second currency symbol is how much your paying for it when converted to that currency For Example:
The Forex Market has a Bid and Ask Price, similar to that of the Stock Market. Therefore, assume the following using the symbol for the Euro Dollar vs. the US Dollar
2 Lots = $200,000 3 Lots = $300,000 Bid = The price you can sell at Ask = The price you can buy at This means: I can buy 1 lot of the
Euro for $120,810 US Dollars Do not let those numbers scare you. You don't actually have to come up with that amount, but we will get into that further down the road. In the stock market a tick represents movement in the price. In the Forex Market we call it a "Pip". You can make money by going Long on a position or Short.
Now lets talk dollars and cents. How much money are you making with each Pip? A pip is the smallest measurement of movement in the Forex Market. It's value will vary with each different currency pair. You have two options now.
So if I buy 5 lots of the EUR/USD at 1.2084 then sell all 5 lots at 1.2104 I would have made $1000.00 on that trade. Not a bad trade. I would imagine your still asking yourself "How on Earth can I afford to buy 1 lot of currency of $100.000?" Its called Leverage or Margin. For every $1.00 you put in, we will match it with $50.00, (50:1 Leverage). So an initial deposit of $10,000 allows you to trade $500,000 of currencies. And, NO...we will not let you trade to the point of having to be faced with a margin call. We have safe guards built into the system that will prevent you from loosing. The main timing characteristics of the Forex market are the following: * Forex is 24 hour market – It starts from Sunday 5pm EST through Friday 4pm EST. Rollover at 5pm EST * Forex Trading begins in New Zealand, followed by Australia, Asia, the Middle East, Europe, and America * The US & UK account for more than 50% of the market transactions * Forex Major markets: London, New York, Tokyo * Nearly two-thirds of NY activity occurs in the morning hours while European markets are open * Forex Trading activity is heaviest when major markets overlap. From this timing facts, it is quite visible that at any given time, somebody somewhere in the world is buying and selling currencies. As one market closes, another market opens. Business hours overlap, and the exchange continues as day becomes night and night becomes day. Forex market volume of transactions remains high during the whole day, but peaks highest when the Asian market (including Australia & New Zealand), the European market and the U.S. market are open simultaneously. And these are the trading hours you must target in order to find the highest possible amount of profitable trades. This is the breakdown of OPEN Market Times for your reference: * New York Market trade times: 8am-4pm EST Is Forex really that simple? Yes...PROVIDED you understand the risks! Readers here is a link to the Group Forex Demo ****Group FOREX Demo*** http://www.globalforexnow.com/ptdemo.php *** ***Your Firewall Needs to Accept Feed*** To be successful trading the Forex Currency Market it takes Practice Practice Practice Practice Practice Disclaimer Release Of Liability: WillyWizard.com LLC or Harold Engel is not held liable for any losses you may incur. Trading currencies on the foreign exchange is not for everyone and carries a high risk level. The possibility exists that you could lose some or all of your deposited funds. Consider carefully your monetary objectives, level of experience and risk tolerance. The Introducing Broker is compensated through the Bid/Ask Spread. |
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