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Forex Strategy – Double your Free €20

admin — Mon, 18 May 2009 21:32:11 +0000

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

Forex Trading with Instaforex

admin — Sun, 10 May 2009 21:13:04 +0000

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.

Pips definition: If a currency has the value o 1.2100 and goes up to 1.2103 then this means that it went up 3 points… or pips)

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!

Are you ready for the forex experience?

admin — Sat, 09 May 2009 12:04:57 +0000

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

9 things you should know about forex trading

admin — Tue, 17 Mar 2009 16:04:45 +0000

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!

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;
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;
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.
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;
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;
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!
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;
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;
And last and most important:

Be prepared to loose money!
To make money you need to invest your own money. To make big bucks you need to invest big. If you loose one trade and felt bad about it, then simply don’t trade, because you are not ready to enter the game. You will loose money regularly, but it is how it works.

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

An old Love that strikes again

admin — Wed, 11 Mar 2009 23:26:51 +0000

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

Earn thousands of $$$ per referral!

admin — Thu, 16 Aug 2007 19:44:29 +0000

Forex-Affiliate.com – Earn thousands of $$$ per Referral !!!

Thousands of affiliates cannot be wrong! The Forex (currency trading) industry is the world’s biggest market on earth, with a daily turnover of 2.5 trillion dollars! Forex-Affiliate.com joins forces with Easy-Forex™ Trading Platform, a world leader in online currency trading. We have affiliates that are making over $100,000 USD per month why not join it’s free and easy we will guide you every step of the way.

Earn Up To $10,000 USD Per Referral!!!

Professional advertising materials (Banners, Text Links, Mini Sites & more)

Accurate and reliable statistics, tracking, reporting and display.

Fast and reliable cash and commission payments.

24×7 Personal account management, for all affiliates and business partners.

Payment options available include wire transfer, credit cards, cheques and Paypal.

Highest conversion rates than any other Forex program GUARANTEED!

Registration is free. forex-affiliate.com/main.aspx?ref=38662″ target=”_blank”>Click Here to sign up now.

Forex? What is it anyway?

admin — Tue, 14 Aug 2007 19:44:28 +0000

Forex? What is it, anyway?

The market

The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. (click here to read full market background by Easy-Forex™).

Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That’s all.

How does one profit in Forex?

Very simple and obvious: buy cheap and sell for more! The profit is generated from the fluctuations (changes) in the currency exchange market.

The nice thing about the FOREX market, is that regular daily fluctuations, say – around 1%, are multiplied by 100! (in general, Easy-Forex™ offers trading ratios from 1:50 to 1:200). If, for example, the exchange rate of “your” pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes.

Moreover, you cannot lose more than your “margin”! You may profit unlimited amounts, but you never lose more than what you initially risked and invested.

You can implement your choice (the pair of currencies, the volume amount) under any direction to which the market is moving, and yet make profit. It does not matter whether the exchange rate is going up or down: you can always decide to buy Euro and sell dollar, or vice versa – buy dollar and sell Euro. You don’t have to physically possess certain currencies in order to perform “buy” or “sell” with them.

How do I start?

Register (Easy-Forex™ offers the simplest and quickest registration process, no obligation); deposit your first trading “margin” amount (credit cards are welcome, only by Easy-Forex™); start trading.

It can’t be simpler or easier than that. Need help? We’ll provide you with 1-on-1 training and service, as much as necessary (Easy-Forex™ offers real people service, live, in your own language).

How do I trade Forex?

You select the pair of currencies with which you wish to make a Forex deal. You determine the volume (the amount of the deal). You deposit the “margin” (collateral needed to facilitate the deal. Usually – only a very small portion of the whole deal, say: 1% or 1:100).

Before you finally activate the deal, you can still “freeze” it for a few seconds. That enables you to either change the terms, or accept it as is, or altogether regret the whole idea. The “freeze” feature is a unique service by Easy-Forex™.

When your Forex deal is running (you hold an “open position”), you can monitor its status and check scenarios online, whenever you wish. You may change some terms in the deal, or close it (and cash the profit, if any, or minimize the loss, if any). Moreover, Easy-Forex™ lets you determine a “take-profit” rate, with which the deal will close automatically for you, when and if such rate occurs in the market. Meaning: you do not have to stay near your computer when you hold open positions.

Want to know more? Want to get on-line training? Register here (simple, quick, no obligation), we’ll be glad to guide you, every step of the way.

Good luck!

Forex trading involves substantial risk of loss, and may not be suitable for everyone.

Some news about the business world!

Forex – Loss and win….

admin — Mon, 11 Jun 2007 18:40:29 +0000

Well today is my birthday and instead of getting some nice presents i had a bad present…. My first “big” loss on forex…. i lost about $100 in a trade because i my real life prevent me from paying atention to market indicators and to login to marketiva account and see what’s happening…. when i had the chance i got a surprise….

the trade i had, the one trade i haven’t used the exit loss option, was making me loose money…. i stopped as soon as i entered the account… some other trades gave me loss, but nothing i could recover in the next days…

if you want to play real with this don’t forget to use all the options you have at your disposal, they are a precious tool to make you win good or loose little.

Forex trading: Marketiva

admin — Sat, 14 Apr 2007 16:13:55 +0000

Hello again!

Sorry for the lack of updates but im lacking time to spent on the website….

Today i’ll talk about forex trading.

Forex trading is an online money exchange where you buy and sell coin….

Last year i found this site: Marketiva.com and they offered real $5 and $10000 virtual dollares to practice…

well, with the $5 bucks i started to buy and sell and after some time i managed to increase my earnings by 400%!

it’s easy to learn, funny and it pays! you should give it a try! but be aware that you can still loose money, but hey, it’s like a game… some times you win… sometimes you loose…