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Now that you have your Free €20 to explore the forex market i will show you how can you double the bonus in a few days.

We are not pros in forex, so we need all the help we can get to make money. So, why don’t we trust in the expertise of pros like CobraForex.

Cobra and his team developed a trading system that makes possible to noobs like you and me, to make some interesting pips in the forex show. It is called the THV system and it is the 3rd version of this successful trading system.

Chart using THV3 system:

It may seem complicated at first, but if you study the rules and trade on a demo account first then it will be really easy to trade this system.

So where can i get this system?

Im not gonna give you the download links here at the blog, instead i will direct you to the thread where CobraForex gives support to this system.

All you need is on the first post of the thread. But to download the necessary files you will need to register at the ForexFactory.com Forum. Don’t worry. It is completely free and if you are serious about forex this a forum you must attend (i’m there everyday).

Edit: It seems it is not required to register at this moment….

You will need to download:

V3.zip

Manual THV V3. pdf

Just follow the instructions and you will be Fine.

How to trade with the Free €20?

You will need to install the THV3 system on your Instaforex platform. Load the template and use the 1H time frame (or TF5 for short and quick earnings).

Then load the plus500 platform and watch the chart with the THV3 system loaded and wait for the buy/sell signals.

When you see a buy/sell signal immediately do what the chart say and open a position on the plus500 terminal and watch your trade make you some money!

If you follow the rules you will make money for sure. But be prepared to loose, this is a game and someone has to lose.

If you have any doubt feel free to ask me and i will help you the best i can.

Happy Pipping

To enter into the Forex business you will need a broker. I tried some brokers but my choice always respects two important factors:

1- The trading platform used;

2- Spreads;

1 - Metatrader Platform

The first thing i see on a broker is if they have a version of Metatrader trading platform. It is by far the best trading application you can use in forex. It is simple to use yet powerful. It is the perfect platform for Expert Advisors and to add indicators that help us trading (more about these two things on another post).

2 - Spreads

Spreads are the profit margin of brokers. If a currency pair has a spread of 3 then it means when you open a trade you will see that your trade automatically starts in a loss, in this case 3 pips negative.

Insta Forex Broker

This is the broker we are going to use for the next posts, so i suggest you register with InstaForex.

Why do i choose this broker?

Simple, because it passed the 2 points mentioned above. It uses a MetaTrader Terminal, and the spreads are very acceptable. 3 pips for the majority of pairs that i usually trade, which is very good.

Registering with Instaforex

To register with instaforex you need to download the terminal first. It is a very simple process. There you will have to make a choice. If you want to open a Real Account or a Demo Account. I suggest that you start with the demo account first.

If you need help registering then visit this page with a step by step guide.

Feel free to explore the terminal, open charts, see how do you place trades, read the help section of the software if there is something confuse or just ask me.

Tomorrow i will show you how to get started in forex with real money completly for free!

It is time to get into action with forex trading. But are you ready to take the challenge?

Remember my post about things you should now about forex trading? If not i recommend you to read it.

Real or demo?

This is just a preparation post. The real thing begins tomorrow. I just want to remind that in order to trade in the Foreign Exchange Market (ForEX) you will need a Broker. After that you have two options. Open a demo account and trade with fake money or open a real account and trade with real money.

Probably, who is not confortable in gambling their own money will prefer to trade on a demo account (That is a wise decidion). But there is a little inconveniant trading a demo account: The stress factor is not there!

The Stress Factor

On a demo account you can try your strategy risk free, you will trade with no stress, no pressure of loosing your hard earned money, making your probability of success slightly better. But one day, when you decided to go with real money, you will feel something strange… The rush, the stress, your blood pressure rises, you think “wow, what the hell is this? - Come on think, see the chart - oh there’s a signal!” and you rush for a trade that almost immediately goes bad…. After you close your loosing trade you check the chart back and you see that you would never have taken that trade if you were on demo. You blame the stress….

Of course this does not happen to all of  us. Some can handle the pressure better than others, and i guess knowing for start that you can loose money is a big big help.

Real Money Really Free

So, i am saying that starting with a real account with real money is a potential good way to start. But it doesn’t have to be with your money! The good thing is that you can trade forex with real money for free!!

And that my friend is what i will show you this week.

Tomorrow i will show you a broker and a trading platform that we will use to get trading signals. Stay tuned

As promised, i will talk a little bit about Forex Trading, a way to make money that i have recently “re-found my love about it“.

But before i drive you through the “ways” of Forex Trading, i think it is important for you to know what forex really involves, before you enter this world that represents trillions of dollars!

1. Forex Market is a 24/5 cash market where you can trade currency from several countries. You trade currency pairs like the EUR/USD pair;
2. Forex Brokers are needed to place buy/sell orders. There are a lot of brokers on the web, sadly as almost business , there are scammers or “gray” brokers. So before you go and invest money on a broker, you should read everything about them. I was lucky to choose 2 good brokers that are legit and serious;
3. Trading Live or Demo: after choosing the broker you have 2 options to trade. If you want to see how it works then a Demo account is recommend. Brokers offer you X amount of virtual $$ to trade, so that you can learn and train you tactics with no risk. If you are ready, then go live, but you need to invest your own money.
4. 90% of traders loose money: If you earn money on a trade this means that someone has lost. 90% of traders loose money indeed, even Forex Gurus loose money, but the difference between loosing big or not is proper money management and risk. The secret is to manage our losses and not your winnings;
5. Forex is not about luck, it is about probability and chart analisys. If we open a trade it is because we have analysed the chart and the indicators show that is a good buy/sell signal, no because we hope it will go the way we want;
6. Be ready to read a lot, because you need to know the forex terminology, how to read charts, find trading tactics. There is a lot to study and a lot of sites to visit and read. Remember: Information is power!
7. Be prepared to spend time in front of your computer: There are trades that usually take a few minutes to complete (this is called scalping) and there are trades that will take more time. If you are not watching a trade, then you will need to watch for buy/sell signals, and this can make you spend hours watching the charts;
8. Forex trading can make you quit your regular job: there are thousands of persons that trade forex for a living. But they really know what they are doing. They have spent time researching about forex, and they achieved this after some years generally, so having patience is a requirement;
9. And last and most important:

Interested in Forex trading? Don’t miss the following posts. Subscribe my RSS feed

I have been off blogging lately due to several reasons, but during this time new opportunities appeared and an old love stroke again….

An old love?

Yes… Several years ago i adventured inside the world of forex trading for around 1 year until i blew up my funds. Then i gave up. lol

Recently i stumbled across a tool that would help trading in the Forex market. Since then i have studied a bit of the process, the “mechanics”, and i must say, i re-encountered the passion i felt when i traded forex for the first time.

Off course, i am still a noob in Forex trading but now i know what that if i want to play this game, i must be ready to fail before i can win…

I will share with you some tips that i have tried and gave me decent results and i will recommend you some programs and traders to use.

So don’t miss the following posts about Forex Trading