Rich With Forex Market
The Foreign Exchange market, also referred to as the "Forex" or "FX" market is the largest financial market in the world, with a daily average turnover of US$ 4 trillion. "Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar(EUR/USD) or US Dollar/Japanese Yen (USD/JPY).
Saturday, May 7, 2011
Can you share one Strategy for a beginner to get started
Sure . One can place a “Buy Stop” and “Sell Stop” order simultaneously when the currency is going sideways this way if there is a breakout in either direction you make money.
There are lot of professional instructors claiming they make lots of money & hence can teach others make money , how do we know your instructors are speaking the truth?
I dont claim I actually puts my trades on my website (www.powerupcapital.com) . Also I have made a 99.05% return (2003-2004) attested & certified by Ernst & Young (www.futurescapitalholdings.com) hence I am confident I can teach you how to write your paycheck since I am able to do it for myself.
Can I really do this from home?
Absolutely! Since the advent of the home computer, real-time quotes, on-line broking, and news services, etc., many of the advantages previously reserved for exchange members are available to everyone. As a matter of fact, many professional traders are leaving the trading floors to trade form home.
Do all of your graduates make money trading?
No. There are some who lose. However, in the reported cases of a graduate consistently losing money trading, we find that the reason is that he or she has deviated from, or altered the criteria, we taught. It is imperative that you stick to, not deviate from, the criteria and risk-reward parameters suggested! Our instructors have traded successfully for years, employing the proper trading practices. We cannot guarantee that, as a result of the class, you will be a successful trader anymore than a medical school can guarantee that all of its students will become good doctors. However, we do teach you a skill set that you can use to become very successful. We provide you with the know-how; the rest is up to you!
How long does it take the average person to develop the skill set for trading?
On average, one should expect it to take three weeks to one month to master the skill set. We recommend the following approach.
* Enrol in the PowerUpTM FX Workshop
* Prepare yourself for the workshop by reviewing the workshop material
* Attend the workshop
* After the workshop, read and study the workshop textbook
* Begin placing “paper” or simulated trades
* Monitor your paper trades and continue until you can prove to yourself that you can be profitable
* Begin placing small trades with real capital
* Increase the number and size of your trades as you become more successful
* Expect it to take 3weeks to 1 month to develop the skill set.
I have no previous experience in FX. Will I be at a disadvantage?
In many cases, the students who have no previous experience in FX outperform those who have. Most people who have experience will have to “unlearn” or change trading habits, while those who have no previous experience will be learning the right approaches from the beginning. Since you will have no “bad habits” to overcome, your learning curve may be shorter than someone who has experience. All the material is presented in any easy-to-follow, step-by-step manner.
Can’t I get the strategies taught at your workshop out of a book?
Yes, the trading strategies taught in our workshop could be found in some books. But we know of no book that provides the proper criteria for executing these trades. PowerUpTMinstructors have years of experience and know the answers to critical questions like:
* What makes a good candidate for each trading strategy?
* What do I look for that would make one candidate better than another?
* How much should I be willing to pay for a particular trade?
* How do I recognize I am about to pay too much?
* What are the proper entrance and exit criteria for each trade?
* How can I tell when to pass, or to go ahead with a trade?
* How do I establish my loss limits and profit goals?
* How much should I be willing to risk in order to make a reasonable return?
* How long should I hold a trade before I take it off for a loss or profit?
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