You Can Learn Forex Trading Today!
3 Products That Will Teach You The Basics Of Forex Trading And Allow You To Start Earning Money Now!
Johnathan Quinones Feburary 2008
Dear Friend,
Have you been trying to learn the foreign exchange market online? Well, I have and I can tell you it’s not easy! First there are a lot of forex e-books and websites that have no information at all. They just want you to sign up for a forex managed account using their software, give them your money and hope it works. Then there are the websites that promise to teach you everything you need to know BUT you have to give them $250 - $5,000 dollars just to open an account. Now I don’t know about you but there was no way that I was going to spend that much money on a subject that that I knew very little about and had no forex training to speak of. So, I rolled up my sleeves, went back to work and dug deeper into the online forex trading market. I did even more searches, visited even more websites and read about every forex forum post I could find.
Now You Can Benefit From My Hours Of Online ResearchInto The Foreign Exchange Market
That’s right, instead of giving up on my dreams of financial freedom, I worked harder then ever before! I searched for more information about forex trading and you know what I found out? No one wants to help you. No one seems ready to help explain the nuances and pitfalls that come with trading foreign currencies. I mean you will learn what a PIP is, what the charts mean and that the currency market is open 24/7 around the world but how does that put you in a position to start making money? When I visited the online forums about forex at places like Google, Yahoo and MSN, people were simply not interested in teaching you how to trade currency online. Even when I found a “good” website with some helpful information, it seemed like those sites were made for people who already knew how to make money in the forex market. By the time I read about PIPs, charts, technical analysis and MACD averages, I was confused tired and discouraged. I almost gave up.
IF You Really Want Something, Never Give Up
It was then that it happened. I decided to do one more intensive research session. It would be my last attempt at learning about the Fx market online. If it worked, then I could go on fulfilling my dream of financial freedom. If not I would have to either give up or come up with the $5,000 bucks for one of the online classes I came across on a previous search.
Does The Technical Information And High Risk Nature Of Forex Trading Cause You To Be Confused And Afraid?Don’t Be, Read On and I Will Tell You How ToSucceed In This Competitive Market
Maybe it was because I had already seen all of the bad sites or maybe my method of researching had finally become more precise, who knows. All I know is that all of a sudden I was finding really good sites with a lot of easy to understand information. Finally I was starting to get a feel for the forex market and I was not overwhelmed by it. I started to get a good feel for the basics. You do not believe me? Well here are some answers to some basic questions that I did not know at the beginning of my search. I wish someone had just told me this in plain English when I started, it would have helped a lot. So now I am going to help you:
Question: What is a PIP?
Answer: The literal definition of a PIP is “Percentage In Point”. It is equal to 1/100th of a percentage point it usually corresponds to the fourth decimal point in a price quote. (ie. 1.0001 and 1.0006 is a difference in 5 PIPs) A PIP is the smallest percentage point that can be earned in a currency transaction. The difference between the values of two currencies, called the “spread”, is measured in PIPS. When you make a good trade, you gain PIPs, when you make a bad trade you lose them. How many PIPs you gain or lose tells you how much profit you made or lost.
Question: Why is margin an important concept in forex trading?
Answer: Margin is defined as the least amount of money that you have to have deposited in your account in order to place a trade in the forex market. The money you have deposited in your account acts as the collateral for your trade. Since the forex market allows for 100:1 leverage, you only have to have 1% of your trade value deposited in order to make a trade. This basically means that in order to purchase $100, 000 USD in the forex trade market, you only need $1,000 USD deposited in your account. This allows you to play like a “big boy” with smaller amounts of money.
Question: What is leverage and what does it mean to my bottom line?
Answer: Leverage is the amount of effect (measured in United States Dollars, USD, for this example) you get for every 1 dollar you actually invest. It gives you more buying power and with more buying power you can increase your return on investment with less money actually deposited in your account. This concept is very important when you are talking about trading in the forex market because it has a huge leverage factor of 100 to 1.
Basically, leverage allows you to enter trades involving $100,000 USD while only depositing $1,000 USD. Thus any fluctuations in the price of USD, positive or negative, are multiplied by factor 100. This factor is multiplied even further, when you start trading multiple “Lots” of currencies because 1 Lot = 100,000 of any given currency! So if you are trading 10 Lots of USD then that equals $1,000,000 and you only have to deposit $10,000 USD to do it.
What does this mean for your bottom line? Well it could mean good or bad but whichever way it works out, it is either going to be EXTREMLY good or EXTREMLY bad! When you invest $1,000 USD then a change in USD values in the ranges of 1-10 PIPs would mean profits/Losses in the ranges of $100 - $1,000 USD. Now imagine if you were a millionaire trading 1,000 Lots of USD at a time. Yeah, you would have to deposit a cool 1 million USD to get in the game but you would be working with 1 billion dollars. Now a change in 1 - 10 PIPs would mean profits/losses in the range of $100,000 - $1,000,000. Do you understand what leverage means to your bottom line now?
Leverage makes dealing in the fx market both extremely profitable and extremely dangerous at the same time. While there is a huge potential for great profit there is an equally huge potential for great loss and you should always do an adequate evaluation of your risk/loss benefit before you make any trade!
Question: What do charts tell me?
Answer: The simple answer is that charts provide a visual representation of the price movements for a particular currency over a period of time. Basically, it lets you know whether the price for say United States Dollars (USD) has been going up or down for the last month. This is the most basic information and it really does not tell you much in terms of making buy/sell decisions. Since you only make money by being able to accurately predict market changes (up or down), you cannot be satisfied with just knowing the historical price pattern for a given currency, you have to be able to use the historical data to predict future price changes with a degree of accuracy. In order to do that you need to become good at using “technical analysis” techniques.
Question: What is technical analysis?
Answer: Technical analysis allows the experienced trader to “look behind” the charts at the causes for the observed movements in price for a given currency. Once you understand what is going on with the numbers that the charts are built on, it gives you the ability to identify trends and establish historical models concerning the trading behaviors of a given currency market.
When you learn how to use these trends and models to accurately predict the timing and strength of future market fluctuations, you are then ready to start profiting from trading in the forex market. Once you go deep into technical analysis and future predictions you are beyond having only a basic understanding of foreign exchange markets and you should be dealing with a expert trader in order to learn the nuances of the market.
Summation: To have a basic understanding of the forex trading market means to be comfortable with introductory terms and theory behind the process of trading foreign currencies. Knowing what a PIP is, understanding leverage and margins and applying technical analysis to charts, only gets you in the game. It does not teach you how to win.
So What Did I Do With This Basic Understanding?
Now that I had a basic understanding, I went back to my previous research notes and read everything again. I revisited every website and read all of their information over and over. I found out that most of them were just what I thought they were, money sucking black holes that were not interested in teaching anything to the person just getting started. I also saw something else, something that I had not been able to see before because I did not have a basic understanding of what I was looking at. I saw rays of hope. I saw websites and products that were really trying to give you an edge in the forex market and help you make money by trading foreign currencies. I found three websites that just might be for real.
Finally, I Found 3 Products That Could Teach Me How To Trade Foreign Currencies Like The Big Boys.
Now I have compiled all of the products in this one place. That’s right I have listed on this page all of the products I have found that can truly help you get a basic understanding of the forex market and start you on your way towards being a successful trader. It’s the kind of resource page that I wish was available when I started and since it wasn’t, I made one.
If You Order All Three Products, You Will Receive The Following Benefits:
That’s a lot of information to get in one package and a lot to learn. So, let me say this right now. If you want to be successful in this market, it will take work. A lot of work and you know what? It will be worth it, Believe me!
Why It Is Worth Your Time And Money ToLearn How To Trade In The Forex Market
The forex trading market is the single largest market in the entire world! It trades over 3 trillion dollars every day, 24 hours a day, 6 days a week. That’s bigger than stocks, bonds and gold put together. Heck, that is bigger than the budgets of most countries! If you want to get rich, I mean really rich, then the forex market is where you want to begin your journey. However, I did not say “Get rich quick” because that is not what I am talking about. While you can make a lot of money by trading currencies, you can lose just as much money. The only difference between making more money than you ever dreamed and losing your last nickel is;
I knew this when I started researching the forex market online. I knew that the only thing separating me from my dream of trading currencies was getting the right information and learning what to do with it. What I didn’t know was how to get the information, knowledge and skill without paying thousands of dollars for it, getting ripped off or both! I also had no idea how much bad and useless information I would have to plow through and how hard it would be to keep going. I almost did not make it here. Due to the sheer amount of useless websites and lack of sincere desire to help people understand the basics, I was nearly overwhelmed by confusion and misinformation. I almost gave up. I am sure you almost gave up too. But you didn’t and now you are just 3 clicks away from the start of your new life.
OK, What Is This Information Going To Cost Me?
Nothing, it will cost you absolutely nothing. The access to the above information is FREE. Remember, I have spent hours and hours researching the forex market online. I have seen all of the garbage websites, the meaningless forex forum posts and ridiculously priced forex training courses. I have also been through the emotional ups and downs that come when you get discouraged and distracted from pursuing your dreams. Now you can benefit from my hard earned experience and save yourself a lot of grief and what will it cost you? How about a couple of mouse clicks! Simply click on the links below, visit each of the sites, evaluate the products for yourself and make a decision. Do you want your financial independence? Do you want to learn forex trading? If the answer is yes, than click on a link and begin making your dreams a reality.
If You Get Just One Of These Products You Will BeAhead Of The Game. Get All Three, Do The Work AndYou Will Be On Your Way To BecomingA Successful Trader In The Forex market
So, why do I provide you with 3 different products and not just one? Well, there is actually 2 reasons. One is because after looking at enough sites and reading enough sales letters you get a feel for the market and you can tell what is good. These are good sites. They are all supported by people with real experience trading currencies and they all have excellent and specific customer testimonials. Secondly, each site offers unique opportunities to the person who is new to forex trading.
This second reason is important because it is crucial that you get multiple perspectives on anything in order to get a clear understanding of what it truly is. If you just look at one side of a square block, you only see that one side. It’s only when you pick it up, turn it around and actually see the other sides that you know what it is and have a clear picture of it in your mind. Understanding the forex market is the same thing. Using all three products together will allow you to achieve the same type of understanding about the forex market itself. You will be able to pick up the market, look at it from different perspectives and get a complete picture of it in your mind. That’s what you really want right? If you look closely at the 3 products, each of them offers you a different skill and perspective on the market.
Each on of these products provides you with a different way of looking at the forex market. By purchasing all three products, learning the information provided in each and then combining them to develop your own trading methodology, you will be well on your way to successfully trading currencies for profit. If You Order All Three Products You Will Receive The Following Bonuses:
But Wait, What If These Products Don't Work For Me?
You do not have to worry. Every single one of the products above, are backed by a double layered, iron clad money back guarantee. That means that you get one guarantee from the owner AND one guarantee from the market place through which the owner sells their product. To put it bluntly, YOU CANNOT LOSE! Now I will say this, it has been my personal experience that no product will work if you do not work! If you are not committed to doing the work necessary to make your dreams reality, then they will remain dreams. I know what its like to be afraid to take the next step, to just give up. I almost gave up on this but I didn’t. In fact, I am still going. If I find more products that will truly help you be successful, I will add them to this page. So be sure to check back every now and then for more information. So, if you are ready to become everything you can be, to experience true financial freedom, click on a link below, evaluate the products for yourself and take your first step into your new life… TODAY! Good Luck.
Sincerely,
Johnathan Quinones SaveYourSmile.com
P.S. I know from personal experience that learning about the forex market online is hard. It’s even harder when you have to plow through all of the bad websites and useless information on the web. Please take advantage of all the time I have spent researching the online market to identify 3 good products that will help you to become a profitable trader in the forex market. Simply click on the links below, evaluate the products for yourself and make a decision. I already have and I am working hard to obtain financial freedom every day. Are you?
P.S. As an extra bonus I have setup an online course for people serious about achieving their financial goals through trading in the forex market. If you buy one of the products above simply put in your first name, email and order confirmation code in the form below and I will send you a link to the first article for FREE. You will receive 6 more emails with links to 6 more articles periodically over the next couple of weeks. This is in addition to all of the oter benefits and bonuses mentuioned above.
P.S. If you still need more information after visiting the above links, here are some more forex ebooks and resources for forex trading at amazon.com |
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