forex TRADING

ultimate COLLECTION
15 minute turbocourse
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If you want lots of theory and complicated strategies, you're in the
wrong place. you don't need another classic, boring "learning
material". What you need are cutting edge ideas and tools that will
help you become a better trader faster.
We, the creators of the popular Forex Basics &
Secrets in 15 Minutes bring you a fresh and
unique approach to mastering the Forex market.
This e-book will help you master the skills of Forex
trading in the fastest time possible! And it doesn't
matter so much what education and background
you have! The results of our program show
interesting results - people with no previous
nancial market experience often show better
performance than those with the experience!
Watch the TV series Million dollar trader where
this fact is conrmed as well.
Long gone are the days when you had to have
thousands of dollars to participate in the Forex
market. Now you can start trading with as little as
$100! You can also forget about spending months
and years reading piles of head-wrecking books
about economic analysis. We have gathered and
ltered the the most functional information and
tools that you need to know about Forex trading in
order for you to successfully start trading currency
and other commodities today!
WARNING!
About this e-book
Trading involves risk.
Leveraged trading has large potential rewards,
but also large potential of risk.
Be aware and accept this risk before trading.
forex market at a glance
Make money even in times of crisis
While the stock market and commercial bank deposits are in
deep depression during the crisis, Forex prots, because any
change in currency can be used to make prot. A falling
market is as protable for Forex trading as a developing one.
Take your money whenever you
want
A $50 billion market isn t just a miraculously beautiful
number it is also what ensures that you can sell or buy
any amount of currency you wish at any moment.
Work while lying in a hammock
All you need to start making money is a computer or a
smart phone and an Internet connection. Your work
space and goals are up to you!
Easy rules
Unlike the stock market with tens of thousands of diferent
shares, Forex works with 8 basic currencies, which are the
center of most trades. Moreover, there are signicantly less
factors that inuence currency exchange rates than in the
stock market.
Start with $100
Unlike other nance markets, Forex doesn t require big
savings for you to take part. You can have signicant
results by starting with just $100 - $200.
$100
breaking the biggest forex myth
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London
EST time
MON TUE WED THU FRI SAT SUN
New York
Sidney
Tokio
Best time
We strongly advice you to avoid all resources that
tell you Forex market is a fairy-tale place where you
can trade 24/7! The timing in forex trading is
crucial!
The Forex market is open 24 hours a day, but it is
not active all this time! In Forex trading money is
made when the market is active (when traders are
bidding on the prices) so it is crucial for you to learn
about the most productive hours of the day and of
the week for trading the forex!
There are three major trading sessions of the Forex
market: London, US and Tokyo session. The busiest
times are when the sessions overlap as traders can
then purchase currencies from diferent continents.
The Forex market of London is usually the most
active as it involves many countries of the
European Union. The US market comes next, so the
time when the London session intersects with the
US session usually provides the biggest returns.
Expert traders consider 10 AM to be the best time
as this is the period when the London market is
preparing to close the trades and traders are
getting ready to move to US market. This creates
big swings in currency prices thus opening great
opportunities for prot.
THE BEST TIME OF THE WEEK TO TRADE FOREX
According to research, the biggest movement in the four major currency pairs (EUR/USD, GBP/USD,
USD/JPY, USD/CHF) is observed on Tuesdays and Wednesdays. Fridays are busy as well, but only until
12:00 PM and during the second half of the day the movements can be very unpredictable.
USD/CHF
EUR/JPY
USD/CAD
EUR/USD
GBP/USD
USD/JPY
exchange foreign
The most common currency pairs
Forex is an international currency market
with daily deals worth $4 billion.
The trade in Forex occurs between two
currencies, because one currency is being
bought and another sold at the same
time.
FOREX
TOP PAIR
EUR/USD
deals
of all
1/3
EUR/USD
1.3001 1.3000
Buying price (Bid) Selling price (Ask)
Base
Currency
Quote
Currency
28
%
EUR/USD
EUR/USD
Point (Pip)
The fourth unit after the
decimal point, which is the
smallest unit of an exchange rate.
Spread
The diference between the sell
quote and the buy quote (in pips).
The smaller the spread,
the more liquid the currency!
spread
point
forex glossary
leverage & Lots
Term
Leverage
Term
Lot
Stock market Forex market
Through the use of leverage, traders are
able to invest a small amount of money and
trade much larger deal sizes. This is useful
because the movement in currency rates can
be very small, and larger trades represent
larger prots/losses for every pip change in
the rate.
Leverage allows you to trade with more
money than you have in your account,
because you efectively leverage your free
balance to open a larger trade. Leverage is
shown as a ratio, for example 1:100. Note
that leverage amplies both potential
prots and losses alike.
In Forex, all transactions can be conducted via standard, mini, and micro lots. Each lot size
accounts for a diferent measure of units of the base currency, which in turn presents a
diferent pip value. Below is a simple chart to illustrate the diferences in lot sizes, measured
in units, volume for the major pairs where the base currency is USD.
The smaller contract sizes have a broad appeal to beginner investors who do not want to
take on a disproportional amount of risk. Generally speaking, mini account holders have
access to the same materials as the regular account holders such as charts, trading plat-
forms, support, etc. Those traders who are looking to get started in the forex market should
consider opening a mini account because of the smaller contract sizes.
Maximum leverage 1:2 from 1:50 to 1:400
Varying lot sizes
Standard Lot 100, 000 units 1 1 pip = $10
Mini Lot 10, 000 units 0. 1 1 pip = $1
Mini Lot 10 000 units 0. 1 1 pip = $1
Units of
base currency
Pip Value
(base: USD)
Volume
Micro Lot 1, 000 units 0. 01 1 pip = $0. 10
How leverage works
You decide to buy 100, 000 EUR and sell
USD at a rate of 1. 4100. Do you need
more than 100, 000 US dollars to open
the trade? No! With a leverage of 1:50
you will need to put down only 1/50 of
the deal size as the margin, which works
out to $2, 820.
Calculate the margin:
Leverage 1:50
Divide 100, 000 by 50=2000 EUR
2000 EUR x 1. 41=$2, 820
Margin=$2, 820
This is the amount that will be used to
cover your potential losses. In other
words, the margin is the actual amount
that you are risking to lose if the trade
goes against you.
Leverage is a very aggressive investment
strategy and only those with high risk
tolerance and a long time horizon should
consider leverage.
Use leverage appropriate to your
comfort level: Using 1:50 leverage means
that a 2% adverse move could wipe out
all your equity or margin. If you are a
relatively cautious investor or trader, use
a lower level of leverage with perhaps 1:5
or 1:10 leverage.
The leverage available on positions
carried over the weekend may vary.
Maximum leverage limits vary in
diferent countries, varying from 1:10 to
1:400.
Example Tips & Warnings
Leverage
Leverage simply means borrowed funds.
While the high degree of leverage used in
forex trading magnies returns and risks, a
few safety precautions used by professional
traders may help mitigate these risks.
What influences exchange rates?
How the Euro exchange rate dropped
Dec 1
2011
Nov 1
2011
EUR/USD
Example
Prime Minister
of Greece announces
referendum
The EU cannot
agree upon
changes in the
treaty
Central banks
agree to stimulate
liquidity of fnan-
cial transaction ECB announces
a new president
Berlusconi
resigns
Source: Morgan Stanley Research, Bloomberg.
Finance circulation
Interest rates
Mandatory reserve funds
GDP, ination, debt
Sales amounts
Interest from investors
Stability of governments
Public statements
Change of ofcials
Central banks State economics Politics
Trading strategy example 1
1.dec
2011
1.nov
2011
1.3500
1.3000
1.4000
EUR/USD
Going short on euro
You expect the euro to fall against the US dollar.
Open @ 1. 3800
Close @ 1. 3108
Case B: Leverage 1:200
You open a position of 1 lot, which
requires an initial deposit of
(100, 000*1. 3800/200) $690.
You were right. Euro depreciates against
the dollar to 1. 3108 and you decide to
close your trade and take your prots.
Result: The euro fell by 692 pips (1. 3800
- 1. 3108 x 10 000). Your prot is 692 x 1
(lot) x 200(Leverage) = $138, 400
Investment: $690
Prot: $138,400
Case B: Leverage 1:50
You open a position of 1 lot, which
requires an initial deposit of
(100, 000*1. 3800/50) $2, 760.
You were right. Euro depreciates against
the dollar to 1. 3108 and you decide to
close your trade and take your prots.
Result: The euro fell by 692 pips (1. 3800
- 1. 3108 x 10 000). Your prot is 692 x 1
(lot) x 50 (Leverage) = $34, 600
If the trend moves against the investor, leverage magnies losses the same way it
magnies returns in the examples above.
Investment: $2,760
Prot: $34,600
Trading strategy example 2
Creating a people based portfolio
Using Social Trading platforms.
Rudolph Boyle
Alex Slovacek
Daniel Lanham
Rudolph Boyle
Alex Slovacek
Daniel Lanham
Follow
Follow
Follow
Follow
Follow
Follow
TOP traders
TOP traders
Even if you re new to Forex, there are
beginner friendly platforms like eToro or
Zulu Trade(Accepts US traders) that ofer
you an interesting opportunity to
follow the best traders and copy their
transactions.
1
After you choose a top trader whose
actions you wish to copy, decide upon an
amount of money to invest into copying
his transactions and press copy.
3
Start following the best traders and
watch their activities.
2
Choose a platform
Follow the leaders
Now you can sit back and watch a
professional make transactions for you.
This is also a good way to learn Forex
strategies in a real-life trading
environment.
4
Prot
Copy their ideas
top 10 expert tips for success
An essential mistake beginners make
is closing the transaction too soon
and thus not taking advantage of the
full prot potential. Trends last
longer than they might seem at rst!
6 Dont stop the prot
Transactions against a trend usually
result in loss. Wait for a benecial
tendency and then make your move!
7 Dont play against
the trend
If you still aren t condent about
your decisions, choose a platform
that lets you follow leaders and copy
their transactions.
8 If in doubt, follow
the leader
Don t hold unsuccessful positions
open for a long time. Experience
shows that it s best to close them
early and move on to others.
Close the unsuccessful
Beginners often don t know that
when trends start, they develop
quickly because they are increased by
the number of traders following
them. Use trends in your favour!
9
10
Trends have momentum
Don t open many positions at the
same time. It s better to choose
fewer positions, but weigh each of
them carefully.
1 Start gradually
People often forget to limit their loss
and therefore have to step out of the
game very soon. With the Stop-Loss
Order, you will be able to control the
situation even if the rates change
unexpectedly.
2 Stop-Loss order
Specialists advise against risking
more than 1/6 of your free capital
when you aren t completely
condent.
3 Rule of 1/6
Diferentiate the time frames of
analysis. Weekly graphs are used to
observe trends while daily and hourly
graphs are best used to observe the
best time to open and close
positions.
Multiple time frames
Each good trader has their own plan,
and the best traders make an efort
to hold onto it. Those who have the
time, make daily transactions, others
choose long-term strategies. Keep it
steady!
4
5
Stick to the plan
how to read graphs
time
X
time
X
Let us look at a daily graph.
What do most traders do
when they see such a curve?
They assume that it s the
beginning of a downward
tendency and bid on the drop
of the currency exchange
rate. And they re wrong!
Now let s look at the same
currency over a longer period
of time.
We see that the daily shift
was inconsequential to the
long-term tendency as it is
upward and not the other
way around.
MULTIPLE TIME FRAME ANALYSIS
An essential mistake beginners make
is closing the transaction too soon
and thus not taking advantage of the
full prot potential. Trends last
longer than they might seem at rst!
Beginners often don t know that
when trends start, they develop
quickly because they are increased by
the number of traders following
them. Use trends in your favour!
The market can be analysed in several time frames: 10 minutes, hours, days, weeks.
It may often seem that these indicators are contradictory. However, they aren t, you
just need to combine their readings. Analyses of longer time periods show
tendencies, ignoring accidental changes, whereas daily and hourly graphs help in
choosing the moment to open and close positions.
For successful and precise market analysis, you must use at least 2-3 time frames!
Example
Conclusion
November
3 10 17 24
1500
1550
1600
Aug Sep Okt Nov Dec
1300
1600
1900
There are many companies that ofer margin-trading (Forex) services. Without the
knowledge of the essential criteria, it s easy to get lost in the details of a large ofer
and choose an unsuitable or, as a worst-case scenario an unreliable service provider.
What is most important when choosing a platform provider, and how does one
orientate themselves in so many ofers? Below is a compilation of some advice from
several professionals in the Forex market, which can be narrowed down to four basic
criteria:
Reputation of the company
Evaluate the popularity of the platform provider whether
there are any complaints about the services and what those
complaints are, what the customer service is and whether or
not prot payments are ever delayed.
Convenience of the user interface
You have to evaluate how easy and convenient it is to use the
platform and what analytical options and extra tools it uses. It
is best to check the user interfaces by opening demo accounts
ofered by the best platforms.
Commission for paid transactions
The commission payments for transactions are described by the
spread, which is the diference between the bid and ofer price
of the currency. The bigger the spread, the more you will have
to pay the service provider. Commission payments are usually
higher for independent platforms rather than commercial bank
Forex platforms.
Money transactions
The best platforms provide the opportunity to use wire
transfers or other online payment operators such as PayPal or
Money Bookers, which are the most convenient and easy
methods of receiveing funds.
1 2 3
how to choose the right platform
* eToro is a Social Investment Network.
**Plus 500 is a CFD only Service. Your Capital may be at risk.
Easy Forex
DucasCopy
Europe
ETORO*
Platform Min. Deposit Max. Leverage Rating
$50 1:400
$25 1:200
$100 1:200
visit site
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2
1
4
3
5 FxPro $100 1:50
Plus 500** $100 1:200
For optimum results
recomended to
invest at least $250
1. etoRO platform review
eToro is the world' s leading social investment network with over 3 million registered
users from over 200 countries. The eToro platform is considered to be the most user
friendly and intuitive for beginners. eToro is known for its unique social trading
tools that let you see, follow and copy the best performing traders in the network.
You don' t need to be an expert to invest like a top performer.
Huge and active community
Super friendly yet powerful interface
Follow & Copy feature
Between 80 -90% of
copied trades are protable.
Guru traders are obliged to write
about their strategies to their followers
Great stock investments: Google,
Facebook, Amazon, Apple etc.
Founded in: 2006
Registered in: Cyprus
Regulators: CYSEC, MiFID
Minimal deposit: $50
Leverage: up to 1:400
Spreads: EUR/USD 3 points
Payments: Credit card, Paypal,
BankWire, MoneyBookers, Webmoney
Commissions: No*
Contacts: + 1-866-350-0881,
support@etoro. com
Platform pictures
Facts Pros
* Overnight commissions might be applicable
visit site
visit site
begi nners
best for
Spreads could be tighter
The trader lter could be more advanced
Trade history features need improvement
Cons
A popular platform which has proven itself since 1999. Plus 500 is one of the rare
brokers listed on the London Stock Exchange. This platform has an app available for
mobile devices including the iPad, which allows you to make transactions wherever
you are (Highest rated broker in UK s app store). Plus500 is suitable for experienced
traders and not beginners. Plus500 is a CFD service. *Your Capital is at risk.
Bonus of $20 - $10, 000
Low xed spreads
Listed on the London Stock Exchange
Fast account verication
Available in 35 languages
Accessible everywhere (web, iPad,
iPhone, Android and Windows phone)
Scalping not allowed
Very basic charting for the mobile app
Founded in: 1999
Registered in: UK
Regulator: Financial Conduct
Authority.
Minimal deposit: $100
Leverage: up to 1:50
Spreads: EUR/USD 2 points
Payments: Credit card, Paypal,
Skrill, Bank Wire
Commissions: No*
Contacts: +44 203 002 7290,
support@Plus500. com
Pros
Cons
Platform pictures
Facts
* Overnight commissions might be applicable
Founded in: 2006
Registered in: Cyprus
Regulators: CYSEC, MiFID
Minimal deposit: $50
Leverage: up to 1:400
Spreads: EUR/USD 3 points
Payments: Credit card, Paypal,
BankWire, MoneyBookers, Webmoney
Commissions: No*
Contacts: + 1-866-350-0881,
support@etoro. com
2. Plus 500 platform review
visit site
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edi tor s
choi ce
Founded in: 1999
Registered in: UK
Regulator: Financial Conduct
Authority.
Minimal deposit: $100
Leverage: up to 1:50
Spreads: EUR/USD 2 points
Payments: Credit card, Paypal,
Skrill, Bank Wire
Commissions: No*
Contacts: +44 203 002 7290,
support@Plus500. com
3. Easy Forex platform review
A user friendly, yet professional and trustworthy platform that has trained many
professionals. This platform ofers one of the easiest sign-up processes as well as
multiple payment receival options. A pleasant feature is the super low minimal
deposit - just $25. With one trading account, you can trade from your desktop, smart
phone, iPhone, BlackBerry, or PDA. The variety of market reviews and analysis tools
ofered by this platform is remarkable, all of which will help you make the right
decisions.
Very easy & fast sign-up
Low minimal deposit
Free market analysis
High overnight fees
Relatively high spreads
Founded in: 2003
Registered in: Cyprus
Regulators: CYSEC, MiFID
Minimal deposit: $25
Leverage: up to 1:200
Spreads: EUR/USD from 3 points
Payments: Credit card, Paypal,
Bank Wire
Commissions: No*
Contacts: cs@easy-forex. com
Platform pictures
* Overnight commissions might be applicable
best of
all-i n-one
visit site
visit site
Cons
Pros
Facts
section ii
forex gurus
how to make
social investment networks,
the revolutionary
learning & TRADING
shortcut.
work for you
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social investment networks
in a glance
You don't need to be an expert to
invest like a top performer.
Social investment networks allow you to tap into the
wisdom of the crowds so that you can make smarter
investment decisions.
Easy to start
See, Follow and Copy the best
performing traders in the network.
People based portfolio
Build your people-based
portfolio to diversify
your investments.
Huge community
Connect with over
5 million users from over
200 countries.
Higher profitability
Between 80 - 90% of
copied trades are
profitable.
More free time
Copy trading delivers more
profitable results than
manual trading.
Smarter investment
Let your money work for you by
copying the best performing traders
top copy-trade platform comparison
How do signal providers earn?
How do Popular
traders / Signal
providers make
money.
Costs for Popular
traders / Signal
providers
How much can the
Popular traders /
Signal providers
earn
There are two decisive factors that affect
the payout:
- Number of qualified copiers attracted
- Consistency of trading performance.
Signal providers earn 0.5 pips per lot for
each closed trade executed in a live
follower account. For US Followers,
ZuluTrade compensates Signal Providers
by a variable monthly membership fee.
Number of brokers
to choose from
1 proprietary 43
Min. investment $50 (recommended minimum $250) $50 (recommended minimum $300)
Commissions 1 Spread + Commission (charged by the
brokers) Average commission: 1.37pips.
Slippage Low Signifficant (0.24 - 3 pips, depends on the
chosen broker)
MetaTrader4
compatible
No Yes
Transparency Popular investors must share their real
name and picture.
You can't see the actual trade amount of
popular traders.
Signal Providers are mostly anonymous.
You are able to see how much money the
signal provider wins or loses.
Average spread 3 pips 2.7 pips
Accepts US traders
Try eToro now Open ZuluTrade
No Yes (If used with FXCM)
Successful Popular Investors earn up to
$10,000 per month. (Having 10 thousand
qualified copiers and 3-4 positive time
frames)
Top signal providers earn $1,000 - $1,500
per month. The profit is not limited, but
there are more restrictions and rules to
meet in comparison with eToro system.
None Subscription Fee $50 - $350 per month
(determined by the number of signals
generated by the trader during the month)
Etoro platform connects you to the best global traders
in the market. You can see all their trading activities in
real time, analyze their performance and strategies.
Talk to the traders to spot new trading opportunities
and upcoming trends!
Uncover the strategies
of top ranked traders
top features that will drive
your profits to a new level.
Etoro lets you create a team of the best traders with
different styles and portfolios so you can hedge your
currency traders also with the best oil, gold and other
commodity deals. In comparison with forex robots or
forex managers, the traders you copy are fully com-
mited to perform at their best as they are putting their
money in the deals!
Create your dream team
of Forex traders
All the data about the copied trades is completely
transparent and easy to access. If you dont like how
the trade is going you can either allocate a different
amount of your budget to it or simply close a trade
whenever you wish.
Full transparency and
control over the trades
Regardless of the amount of funds you set to copy the
trader with, all trading will be done proportionally. For
example if you allocate $500 dollars to a trader who
has an account of $5000 and he opens a position with
$1000 you will do the same with $100.
Reduced risk with
proportional trading
Looks like tomorrow! Roy
Roy Deloni bought EUR/USD
@ 1.364
When will $OIL go down?
Looks like tomorrow!
2 minutes ago
Like | Comment | Follow
You
Roy
Traders often miss out the extra filters that lie under
the Risk slider. This is a great tool to find the best
traders that match your risk appetite, demand for
experience and consistency.
How to choose the right
traders to copy?
1. Use the advanced filters
in Guru search
High Win ratio stats can be tricky! Often it means that
the trader has left open multiple loosing trades without
a StopLoss - just to have high stats. Analyze the Open
Trades sheet!
2. 99% WIN RATIO CAN BE BAD!
A new sorting criteria in the ranking system that allows
you to see how consistent is the trader in his correct
decisions. This tool is best used in 6 and 12 month
period and it lets you seperate the longterm gurus
from those who just got lucky.
3. Keep an eye on the
Profit days.
Observe the profit and loss line the smaller the
gaps, the better. The gains should be steady - it
means that the trader sees the big picture and uses
both fundamental and technical analysis.
4. Look for gaps!
win ratio
~75-80%
profit days
congratulations
on reaching the end!
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