day trade forex system ultimate step by step

8/11/2019 Day Trade Forex System Ultimate Step by Step

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The Day Trade Forex System:The ULTIMATE Step-By-Step Guide to Onine

!urren"y Tradin#

$%o& 'ou !an Earn ()* to ()** A Day !urren"y Tradin#From The !om+ort o+ 'our O&n %ome,

By Ero Bortu"ene and !ynthia Ma"y

.IS/S DIS!LAIME.

Erol Bortucene/Cynthia Macy, Owners of DayTradeForex.com and any of their affiliates, will not be held resonsible forthe reliability or accuracy of the information a!ailable in this document. The "ontent pro0ided is put +or&ard in #ood+aith and 1eie0ed to 1e a""urate2 ho&e0er2 there are no expi"it or impi"it &arranties o+ a""ura"y or #uaranteesthat the readers o+ this "ourse &i ma3e pro+its tradin# !urren"ies4 The reader a#rees not to hod Ero Bortu"ene

or !ynthia Ma"y2 or any o+ its a++iiates2 ia1e +or de"isions that are 1ased on in+ormation +rom The Day TradeForex System4

Mar"ined Currency Tradin" is an extremely ris#y form of in!estment and is only suitable for indi!iduals and institutionscaable of handlin" the otential losses it entails. The funds in an account that is tradin" at maximum le!era"e may be

comletely lost if the osition$s% held in the account exeriences one ercent swin" in !alue. &i!en the ossibility oflosin" one's entire in!estment, seculation in the forei"n exchan"e mar#et should only be conducted with ris# caital

funds that, if lost, will not si"nificantly affect the in!estor(s financial well)bein". There is no "uarantee that readers of thisdocument or our websites will ma#e money. *eaders use the information and lin#s entirely at their own ris#. Erol

Bortucene/Cynthia Macy owners of DayTradeForex.com do not accet any liability in resect of any loss or dama"earisin" from or in connection with any use of the information on or accessed throu"h this document or our comany

websites. +ll intellectual roerty ri"hts in this reort remain the roerty of DayTradeForex.com

--, - Coyri"ht DayTradeForex.com

5 6**7 !opyri#ht DayTradeForex4"omA .i#hts .eser0ed4 8o 9art o+ this pu1i"ation may 1e reprodu"ed or transmitted in any +orm or 1y any means2

ee"troni"2 me"hani"a2 re"ordin# or other&ise &ithout the prior permission o+ DayTradeForex4"om

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The Day Trade Forex System:The ULTIMATE Step-By-Step Guide to Onine

!urren"y Tradin#

$%o& 'ou !an Earn ()* to ()** A Day !urren"y Tradin#From The !om+ort o+ 'our O&n %ome,

Did you #now that more and more business oortunity see#ers worldwide aredisco!erin" the po&er+u pro+it potentiaof Forei"n Exchan"e tradin"0 1n thisbusiness, there are no emloyees to hire, no ad!ertisin", no roducts to stoc#,no downlines to fill))2ust you, an 1nternet connection and a comuter. That's allyou need to ma#e money on the worlds lar"est mar#et. 1f you are searchin" foran alternati!e to more traditional home)based business oortunities, then Forextradin" may be what you(!e been loo#in" for.

Our urose is to emower, mentor and train currency traders all around theworld who would li#e to Day Trade Forex as their main source of income. Forthose loo#in" for a si"nificant art)time income, we belie!e Currency Tradin" is

the !ehicle to use. Our aim is to assist you to3

1. 4tay Dis"ipined5To learn how to mana"e ris# effecti!ely.2. 6ee O1e"ti0e5To trade in a non)emotional, intelli"ent way.3. Trade with !on+iden"e5To #now exactly when to trade.4. Become Systemati"5To "enerate your own Forex buy/sell si"nals.

The "oal is to earn ()* to ()** per tradeand minimi7e losses on losin" tradesusin" technical indicators on charts, which 1 will exlain later on in this course.The otential to rofit is there for those who trade this system. The "reat thin"about Forex tradin" is that you can test this system for F*EE on a demo account

usin" !irtual money, before you ris# one enny on actual trades.

8ou will be able to 2oin my team of traders as you ad!ance ste)by)ste throu"hthis "uide. 9e will be"in by exlainin" what Forex is and all the benefits oftradin" currencies

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;%AT IS FO.E min, line andthe chart will aear on the ri"ht hand side. Maximi7e the chart to fill the

ri"ht hand side.

8our chart should now loo# somethin" li#e this3

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?ow if you want to ma#e the rice line dar#er, you can ri"ht clic# ri"ht on therice line and a roerties box will aear. 8ou can ad2ust the thic#ness of theline. 1n this examle the rice line width is set it to -.

B. Before we add our studies to our charts, 1 would li#e you to "o to thefollowin" lin#s. *ead how to trade the arabolic 4+* here3

www.incrediblecharts.com/technical/arabolicPsar.htm

*ead about how to trade mo!in" a!era"e crosso!ers here3

www.incrediblecharts.com/technical/mo!in"Pa!era"esPthree.htm

*ead about how to trade Bollin"er Bands here3

www.incrediblecharts.com/technical/bollin"erPbands.htm

N9e will be "i!in" examles of how to aly these studies to daytradin" Forex.

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http://www.incrediblecharts.com/technical/parabolic_sar.htmhttp://www.incrediblecharts.com/technical/moving_averages_three.htmhttp://www.incrediblecharts.com/technical/bollinger_bands.htmhttp://www.incrediblecharts.com/technical/bollinger_bands.htmhttp://www.incrediblecharts.com/technical/moving_averages_three.htmhttp://www.incrediblecharts.com/technical/parabolic_sar.htm


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C. ?ow we will add the Mo!in" +!era"es to the chart. 9e will be usin" theExonential Mo!in" +!era"e =, the Bollin"er Band Exonential 4et at-, and the Exonential Mo!in" +!era"e >.

Clic# on Mo0in# A0era#eon the left hand side under 4tudies. 4etyour first M+ to =*, close, exonential and you can ma#e it redwithline width - under the Color/4tyle Tab.

Clic# on Mo0in# A0era#ea"ain and add your M+ )*, close,exonential and ma#e this line 1uewith line width -.

Gere is a shot of the Mo!in" +!era"e roerties window3

D. ?ow "o to the studies on the left hand side of your screen 4electBoin#er Bandsand set them to -,-, close exonential. Ma#e themiddle band "reen, line width -.

E. +dd 9ara1oi" SA.to your chart by selectin" it on the left and use thedefault settin"s. Ma#e the dots dar#er, by selectin" line width -.

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8our chart should now loo# li#e this3

8ou can 7oom in and out of your chart usin" the small buttons in the bottom ri"hthand side of your screen.

%o& To !han#e the !urren"y 9air and Time Frame3

On the bottom of your chart, you can chan"e the currency air and ri"ht besideit, if you clic# on the button that says M> you can chan"e the time frame of thechart. The studies will automatically be added to any new time frame andcurrency air that you select.

%o& to Exit the >T 9at+orm 9ropery:

To exit the T latform, clic# on F1KE and then E;1T. The studies that youadded to your chart will automatically be u the next time that you lo" in to youraccount. lease note that if you clic# x on the to left hand corner of your chartyou will close the chart and reset your settin"s that you added. 1f you want to#ee your studies and charts intact you can minimi7e it or 2ust lea!e always#ee it oen to #ee your settin"s sa!ed.

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F. ?ow we will add 7more indicators below the chart to hel us "on+irm thetrend, and to hel us identify exact entry and exit buy or sell si"nals. Thefollowin" indicators "i!e us insi"ht into the momentum, direction ando!erbou"ht/sold indicators. @sed alon" with the Exonential Mo!in"

+!era"es, arabolic 4+* and Bollin"er Bands5these indicators can be!ery helful to the day trader.

MA!D %isto#ram4

*ead about how to trade the M+CD Gisto"ram here3htt3//www.incrediblecharts.com/technical/macdPhisto"ram.htm

.eati0e Stren#th Index .SIJ

*ead about how to trade the *41 here3

htt3//www.incrediblecharts.com/technical/relati!ePstren"thPindex.htm

So& Sto"hasti"

*ead about how to trade the 4low 4tochastic here3 htt3//www.incrediblecharts.com/technical/slowPstochastic.htm

?ow add these studies to your charts.

@nder 4tudies clic# on MA!D %isto#ramand use the default settin"s$J,Exonential, =-, -H, Close, Exonential% and set the line width to -.8our study will automatically oen under your chart.

@nder 4tudies clic# on .eati0e Stren#th Indexand set it to =L and setthe line width to -. 8our study will automatically oen under your chart.

@nder 4tudies clic# on So& Sto"hasti"and set it to $>,,, Exonential%and ma#e the 6 line blue with line width -, and the D line red with linewidth -.

8our chart, with all the studies on it should now loo# li#e this $examle of@4D/C+D = min chart%3 ?otice that 1 clic#ed on the 7oom in button a coule oftimes on the bottom ri"ht hand corner to "et it to loo# li#e this.

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http://www.incrediblecharts.com/technical/macd_histogram.htmhttp://www.incrediblecharts.com/technical/relative_strength_index.htmhttp://www.incrediblecharts.com/technical/slow_stochastic.htmhttp://www.incrediblecharts.com/technical/slow_stochastic.htmhttp://www.incrediblecharts.com/technical/relative_strength_index.htmhttp://www.incrediblecharts.com/technical/macd_histogram.htm


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Step : %o& to Buy and Se the !urren"y 9airs

?ow that our charts are set u, let(s learn GO9 to oen and close a osition, orbuy and sell on the T latform. +fter we learn GO9, we can loo# at 9GE? to

enter/exit a trade usin" the technical indicators. KK9ease note that thisin+ormation is in the >isua Tradin# Manua that you shoud ha0e areadyread4

A. 4imly mo!e your cursor to the chart and ri"ht clic#. + menu will o uand at the to it will say 1uywith the current exchan"e rate to buy andsewith the current exchan"e rate to sell. 8ou should Buy if you thin# therice line will "o u on your chart or sell when you thin# the rate will dro

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on the chart. Clic# on buy or sell and an Oen ositions( window will ou that loo#s li#e this3

B. 1n the +mount er +cct3 box you ut in how many lots you will trade5= lotis =, currency units.

Tradin" with = lot E@*/@4D is


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to rotect rofits. 1f the exchan"e rate ne!er hits that le!el, then the Orderdoesn(t "et filled.

NNtip3 1f you are in a winnin" trade, you can mo!e your sto to your entryle!el, so that if your trade mo!es a"ainst you, the latform closes your

osition without any losses.

KKtip3 8ou should be comfortable settin" your sto Order at =>)- is. 1fyou can(t handle a =>)- i loss, then you are need to trade smalleramounts. This will hel you from o!er le!era"in" your tradin" account.

Limit Order3 1s a rice you enter into an oen osition for the tradin"latform to automatically close your osition at a rofit. For examle, youmi"ht set your limit order at a => i rofit. 1f the exchan"e rate ne!er hitsthat le!el, then the Order doesn(t "et filled.

Step ): ;hen to Enter and Exit 'our Trades:

9e will be loo#in" at different ways to day trade the Forex Mar#ets. 1n atradin" session, you may loo# for = or more of these aroaches. The techniAues are as follows3

=. Trade the Brea#out-. Trade the Trend. Tradin" Tos and Bottoms

Before we loo# at these tradin" aroaches, let(s answer a Auestion that is oftenas#ed by new traders.

;hen is the 1est time to trade

Because the Forex Mar#et is oen -Lhrs a day, and traded on a "lobal scale, theAuestion to as# is, when should 1 trade0(. The "ood news is that no matter whattime 7one or hemishere you li!e in "lobally, there are always "ood oortunitiesto trade.

The three ma2or tradin" sessions( are as follows $all in Eastern 4tandard Time%3

=. ?ew 8or# oen Q3 +M to L3 M-. aanese/+ustralian oen I3 M to 3 +M. Kondon oen 3 +M to Q3 +M

KKO+ten2 the 1est times to trade is at the 1e#innin# 7-) hours o+ the a1o0ementioned openin# times2 1e"ause the maor "urren"y pairs tend to mo0ethe most in a parti"uar dire"tion4

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The first DayTradeForex.com tradin" techniAue we will loo# at is the easiest toreco"ni7e on the charts. 9e will call it Trade the Brea#out(. 8ou can use the >,= or => minute charts for this method. The indicators on the > minute charts

are the fastest. ractice until you feel comfortable with the time frame that suitsyou best.

=4 Trade the Brea3out

The rincile behind tradin" the brea#out is to enter a trade when the ricebrea#s out( of a ti"ht ran"e, because often it tends to #ee mo!in" in thesame direction. 9e use our Bollin"er Bands on our charts to sot this tradin"oortunity. 4ee screenshot on next a"e.

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1n the abo!e examle, E@*/@4D > min chart, notice how the Bollin"er Bandsti"hten and sAuee7e to"ether. 9hen this haens you #now that there is aBrea#out comin". +s soon as the exchan"e rate line $brown%, brea#s out ofthe outsideBollin"er Bands, it si"nals your entry buy/sell. 1n this case if youbou"ht E@*/@4D at =.=Q=> and Closed your osition at =.=QL , you couldha!e made a fast -> i rofit.

?otice the confirmin" indicators3 The exchan"e rate line $brown% is a1o0ethe EM+ = $red%, the middle BB line $"reen% and the EM+ > blue. The

arabolic 4+* dots are on the 1ottom.

The M+CD Gisto"ram is a1o0e *si"nalin" uward momentum. The *41 isa1o0e )*si"nalin" up&ardmomentum, and the 4low 4tochastic blue line isa1o0ethe red line si"nalin" 1uishmomentum.

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Gere is an examle of E@*/@4D > minute brea#out 4EKK. 8ou could ha!e soldthe E@*/@4D at =.=LL and closed your osition at =.=J for a > i rofit.

?otice the confirmin" indicators3 The exchan"e rate line is 1eo&the EM+= $red%, the middle BB line $"reen% and the EM+ > blue. The arabolic4+* dots are on the top.

The M+CD Gisto"ram is 1eo& *si"nalin" downward momentum. The *41is 1eo& )*si"nalin" downward momentum, and the 4low 4tochastic blueline is 1eo&the red line si"nalin" 1earishmomentum.

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Gere is an examle of @4D/C+D = min chart. 1f you bou"ht this currency airat =.>J when it bro#e out of the bands and sold it at =.H- you could ha!emade aroximately is.

The exchan"e rate line $brown% is a1o0ethe EM+ = $red%, the middle BBline $"reen% and the EM+ > blue. The arabolic 4+* dots are on the1ottom.


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Gere is a @4D/CGF > min chart examle of a brea#out 4EKK. ?otice how theM+CD Gisto"ram went from ositi!e to ne"ati!e, and how the other confirmin"indicators si"naled 4EKK.

The exchan"e rate line is 1eo&the EM+ = $red%, the middle BB line $"reen%and the EM+ > blue. The arabolic 4+* dots are on the top.

The M+CD Gisto"ram is 1eo& *si"nalin" downward momentum. The *41 is1eo& )*si"nalin" downward momentum, and the 4low 4tochastic blue line is1eo&the red line si"nalin" 1earishmomentum.

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Gere was an extreme brea#out E@*/@4D B@8 where you could ha!e held on fora = i mornin"

+"ain, The exchan"e rate line $brown% is a1o0ethe EM+ = $red%, the middleBB line $"reen% and the EM+ > blue. The arabolic 4+* dots are on the1ottom.


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The second DayTradeForex.com tradin" techniAue uses the same rinciles, butis less extreme. This tradin" method is best traded on the > or = min charts,but can be alied to the = minute charts $4ee the Bonus $Mi"ro Tradin#strate"y at the end of this tradin" course%

64 Trade the Trend

Tradin" the trend is 2ust li#e tradin" the brea#out, excet in less !olatilemar#et conditions. 4tart with "oin" to the => minute chart of the currencyair of your choice and as# yourself this Auestion3 1s the exchan"e rate line$brown% abo!e or below the EM+ > $blue%0

NN1f the rice line is currently 1eo&the EM+ >, and the EM+ = and BB -are also 1eo&the EM+ >, then you will be loo#in" at Sein#oortunitiesin the tradin" session.

1f the rice line is currently a1o0ethe EM+ >, and the EM+ = and BB -are a1o0ethe EM+ >, then you will be loo#in" at 1uyin#oortunities in thetradin" session.

Often, when you are tradin" the trend(, you will notice that the rice line willbounce off the EM+ = or the middle BB line or the EM+ >. These linessometimes act as suorts and resistances in a tradin" session. Thereforeyou can loo# to se shortswhen the rice line bounces do&noff the EM+=, BB - or EM+ >, or 1uy on#swhen the rice line bounces upoff theEM+ = BB - or EM+ >.

9hen you trade the trend, it is imortant to trade with the arabolic 4+*,M+CD, *41 and 4low 4tochastic all si"nalin" to"ether.

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The abo!e examle is a > minute E@*/@4D chart. The first thin" to loo# for isthe EM+ > blue line. ?otice that it has been a1o0ethe rice line and the EM+= and BB -. 8ou will now be loo#in" to SELL4 ?otice how the rice line

bounced do&noff of the EM+ = and BB - ri"ht before 1 circled the chart.

?ow loo# at your other indicators3

The M+CD Gisto"ram turned do&n1eo& ero, *41 turned do&n 1eo& )*and 4low 4tochastic 1ue ine turned do&n under the red ine. This wouldha!e been a "ood si"nal to Se Short5you could ha!e rofited at least - ison this trade.

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The abo!e examle is a = minute E@*/@4D chart. The first thin" to loo# for isthe EM+ > blue line. ?otice that it has been 1eo&the rice line and the EM+= and BB -. 8ou will now be loo#in" to BU'4

?otice how the rice line crossed down throu"h the EM+ lines rior to thecircles. This would ha!e been a false si"nal to sell because the EM+ = and BB- were abo!e the EM+ >. 1f you were loo#in" at buyin" oortunities then youcould ha!e entered when the rice continued to rise where 1 circled on the chart.

?ow loo# at your other indicators3

The M+CD Gisto"ram turned upa1o0e ero, *41 turned up a1o0e )*and 4low4tochastic 1ue ine turned up a1o0e the red ine. This would ha!e been a"ood si"nal to Buy on#5you could ha!e rofited at least is on this trade.

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Gere is an examle of anticiatin" the trend. The mar#et, re!iously re2ected thebrea#out rise in rice and turned the other way sharly. 1f you entered this tradewhen the M+CD Gisto"ram turned down into ne"ati!e territory and the *41mo!ed below >, you could ha!e anticiated the trend before the EM+ = andthe BB - mo!ed below the EM+ >.

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The third DayTradeForex.com tradin" strate"y that we are "oin" to loo# at in this"uide is3

74 Tradin# Tops and Bottoms

Tradin" tos and bottoms can be more ris#y that the other two strate"iesbecause you are tradin" a#ainstthe trend anticiatin" the mar#et iso!erbou"ht/o!ersold and mi"ht turn in the other direction. 1t is best to usethe = or => minute charts for this method. 1t is more ris#y usin" the > mincharts, but you still can aly the same techniAues.

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Gere is an examle of a E@*/@4D =>min chart, bottom buy.

?otice how the M+CD histo"ram is startin" to rise, and the *41 is turnin" up+rom 1ein# o0ersodand the slow stochastic blue line crossed the red line andis turnin# up +rom o0ersod.

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Gere is a > minute chart examle with E@*/@4D. ?otice the M+CD, *41 and4low 4tochastic mo0e upfrom o!ersold at Q3. +t =3 you could ha!e sodshortfor a small rofit.

Tradin" tos and bottoms is best in ran"in" mar#ets.

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Gere is an examle of a brea#out 4EKK and a Bottom B@8 in a tradin" sessionwatchin" the @4D/8 = minute charts. This bottom B@8 is a "reat examle ofo!ersold indicators with *41 and with 4low 4tochastic.

;hen to E


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%o& to use %EDGI8G to your ad0anta#e

Ged"in" can be a useful tool to the Forex trader. 9hen you ha!e an oenosition, for examle, you are lon" on a @4D/8 trade and you ri"ht clic# your

trade on the T latform, a menu will o u and you ha!e a choice to %ed#eyour trade. 1f you clic# Ged"e, you &i automati"ay open up a position intheopposite dire"tion at the "urrent mar3et pri"e &ithout "an"ein# outyour other position and &ithout mar#in in"rease,. 1n the abo!e examle youwould now ha!e a @4D/8 trade lon" and short. 8ou will now neither "ain orlose any eAuity in your account because the "ains and the losses will canceleach other out.

%ed#e in an emer#en"y: Ged"in" a losin" trade won(t sol!e your roblems, butit will =. 6ee you from more losses -. &i!e you time to thin# about whathaened to your bad trade and .&i!e you a second chance. 4ome traders willhed"e losin" trades instead of stoin" out there osition, because they ha!e a

chance to win bac# the losses of the ori"inal bad trade.

Examle3 8ou are loo#in" to Trade the Trend( so you "o lon" on theE@*/@4D, usin" the indicators in this "uide. The indicators si"naled B@8so you oened u a osition. 1n case of a bad trade, you choose tohed"e instead of usin" a sto loss $be careful when doin" this%. 8ourTrade the Trend( indicators didn(t wor# and your osition "oes a"ainstyou, you hed"e your trade. ?ow you ha!e a losin" osition and a winnin"osition "oin" in the oosite directions. 8ou didn(t use u any moremar"in. 9hat do you do now0

My recommendation3 9hen your osition is hed"ed, you are safe andyou won(t lose any more money in your account. Gere is what you shoulddo3

=. 9ait until another chart set u occurs and roceed to ste L. or Exitthe tradin" latform.

-. 9ait till the next tradin" day or session. Koo# for the DTF indicators the next day.L. 1nstead of oenin" u another osition, simly "et rid of the bad

osition that was hed"ed. 4o if the indicators the next day si"naledlon" in the E@*/@4D, li#e in the abo!e examle, then you would "et

rid of the short, losin" hed"e and hoe that the rice will rise enou"hto erase the re!ious days losses to ma#e a rofit.>. 1f your osition mo!es a"ainst you a"ain you can hed"e that osition

a"ain and reeat stes =)L.

%ed#e a &innin# trade:8ou may also hed"e a winnin" trade to rotect your"ains, if you don(t want to comletely close your osition. 9hen you do this youwon(t "ain or lose any more money with that osition. The ad!anta"e to this

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would "i!e you the oortunity to #ee tradin" those ositions in the future and"i!e you a brea#. 8ou can always ri"ht clic# on your osition and choose closewith hed"e( to close both ositions at once. 1f you hed"e a winnin" osition youcan follow the abo!e stes =)L to #ee tradin" your osition the next tradin" day.

NNlease note that hed"in" can "et comlicated. Try to #ee it as simle asossible and try not to ha!e a web of hed"ed and unhed"ed ositions oen atthe same time5as it becomes exonentially more difficult to #ee trac# of, andwhat ositions to let "o etc...

KKGed"in" is also otional and you don(t need to learn how to use this tool if youchoose not to. 8ou can be a successful trader by simly usin" sto and limitorders.

Understandin# .is3 Mana#ement

@nderstandin" ris# mana"ement is a !ery imortant reality when tradin" theForex Mar#ets. Kosin" trades will haen, and mana"in" those losses are the#ey to success. + "ood rule of thumb when settin" your sto losses is the >)Irule. 1f your tradin" account is at )I of the total !alue of your account. 1f you used this rule inthis case, you would sto out a losin" trade when you were down


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1. &o to www.cms)forex.comand under the 4i"n @ Tab on the to, scrolldown to Ki!e +ccount 4i"n @. @nder 1B)*effered 1ndi!idual $ 1n the circleon the bottom of the icture% , follow the instructions.

-. 9hen fillin" out your CM4 forms, simly use my name $Erol Bortucene%as the third arty that referred you. This is on a"e - of the CM4alication. 1f you decide to use the online alication, lease rint outa"e -, rint my name on the to and si"n it at the bottom and fax it toCM4. @sin" my name as your referrer is F*EE and doesn(t cost you anycommission at all.

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http://www.cms-forex.com/http://www.cms-forex.com/


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. On the bottom of a"e - $of the CM4 alication%. where it reads3

NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

=. Client understands and a"rees that there may be commissionimlemented on his account. I+such commission is added, its si7e is thefollowin" $in @4D or another base currency%3

Uni0ersa A""ount3 Commission er one =**/lot PPPPPPPand/or er one =*3 minilot PPPPPPP 9ro+essiona A""ount3Commission er one 6)*3lot PPPPPPPEx"usi0e Mini A""ount:Commission er one =*/lot PPPPPP

NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

4imly ut the number ( in the blan#s as I &i not 1e "har#in# you any"ommission as your introdu"in# 1ro3er IBJ. 4i"n and fax this to CM4alon" with your other information and forms. Than# you #indly. ForAuestions or assistance with oenin" your li!e account you can contactme at bortuceneS7ili.com

/eep a tradin# ourna

Finally, it is a "ood ractice to #ee a simle tradin" 2ournal. This way you can#ee trac# of your trades and ro"ress and be able to analy7e, imro!e andhone your tradin" s#ills.

4imly include the time you entered and exited the trade, the Currency air, thechart time frame $this is imortant%, and the strate"y $brea#out, trend or to orbottom%. +lso include write down what haened and what you could ha!edone differently for future reference.

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http://localhost/var/www/apps/conversion/tmp/scratch_2/[email protected]://localhost/var/www/apps/conversion/tmp/scratch_2/[email protected]


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Use+u Lin3s

www.moneytec.comFree Forex tradin" forum.www.forexdirectory.net,

Comrehensi!e listin" of e!erythin", related to the Forex Mar#ets.www.m"forex.com/resource/"lossary.as+ "ood Forex &lossary

Before we resent you with our excitin", new Micro Tradin"U strate"y, we wouldli#e to warmly in!ite you to order our DayTradeForex.com +d!anced Tradin"Course. 9e stron"ly ad!ise you to learn the techniAues in our ad!anced coursebefore you oen a li!e account. 8ou can read about it here3

htt3//www.daytradeforex.com/ad!anced.htm

Gay Tradin"

The Day Trade Forex Team

For Auestions or assistance lease contact us at3suortSdaytradeforex.com

BO8US: $Mi"ro Tradin# the = minute !harts

4ee next a"e...

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http://www.moneytec.com/http://www.mgforex.com/resource/glossary.asphttp://www.daytradeforex.com/advanced.htmhttp://localhost/var/www/apps/conversion/tmp/scratch_2/[email protected]://localhost/var/www/apps/conversion/tmp/scratch_2/[email protected]://www.daytradeforex.com/advanced.htmhttp://www.mgforex.com/resource/glossary.asphttp://www.forexdirectory.com/http://www.moneytec.com/


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$Mi"ro Tradin# the = minute !harts

?ow that you ha!e oened a demo account and familiari7ed yourself with the Ttradin" latform we would li#e to introduce you to the Forex tradin" techniAue of'scalin"' for small rofits. 1f you only ha!e a small amount of time to trade eachday, then this strate"y mi"ht be the ri"ht one for you. E!eryone will settle intotheir own style of tradin". This techniAue is for traders who li#e "ettin" in and outof trades in a matter of minutes instead of hours. 4toc# 1ndex Futures tradersoften use the =minute charts to enter and exit trades. Forex day traders can also"ain an ad!anta"e by "ettin" in on a mo!e ri"ht as it haens by watchin" the =minute charts.

The tye of chart set u that we use to trade the = minute charts is candlestic#charts. + "reat descrition of candlestic# charts can be read about here3

htt3//ri"htline.iAchart.com/artner/ri"htline/education/candlePintro.as

4ET @ 8O@* CG+*T4

=. Oen a new E@*/@4D = minute "andesti"3chart.-. +dd Bollin"er Bands set at =Q, Exonential. Chan"e the color of the middle

band to bri"ht #reen.. +dd a mo!in" a!era"e Exonential, Close and chan"e the color to 1a"3.L. +dd the MA!D %isto#ram4tudy $default settin"s%

>. +dd the .eati0e Stren#th Index4tudy set at =L.H. Voom in or out to your li#in".

This is what your chart and studies should loo# li#e3 $4ee ?ext a"e%

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http://www.litwick.com/glossary.htmlhttp://www.litwick.com/glossary.html


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The /ey to "at"hin# the $Mi"ro Trends on the = minute "harts:

9ait for the 7 EMA 1a"3Jto cross throu"h the = Boin#er Bands Middeine #reenJ4

9ait for the .eati0e Stren#th Indexand MA!D %isto#ramto line u3Above*$M+CD% and above)*$*41% for BU'si"nal. Below*$M+CD% andbelow)*$*41% for SELLsi"nal.

*emember to ta3e sma pro+its. 9ra"ti"ethis strate"y on your demo account.

KExampes startin# on next pa#e

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This examle is on a Kate 4unday ?i"ht/Early Monday Mornin" E4T E@*/@4Dchart. + "ood BU' si#naat this time could ha!e been when the 7 EMAcrossedupthrou"h the Midde Boin#er Band, the M+CD Gisto"ram is a1o0e eroandthe *41 crossed a1o0e )*.

More examles on next a"e...

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Gere is both a BU'and SELLexamle from the aanese tradin" session.?otice how the *41 and M+CD ine upin both examles.


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Gere is an afternoon tradin" examle of a BU'and SELLoortunity with theE@*/@4D air. *emember to ta#e small rofits and/or mo!e your stos in awinnin" trade.


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T.ADE T%E 8E;S

Gere is a "reat examle of how you can use the = minute charts to trade theeconomic news releases. To find out when the world economic news releasesare, simly "o to htt3//www.forexnews.comand scroll down to the bottom of thewebsite for the list of the current wee# news releases that imact the Forexmar#ets. 1n the abo!e examle, the economic news release was scheduled forQ3 +M E4T. At :77 the pri"e umped up 6* pips4 @sin" our = minutestrate"y alon" with the news, is an effecti!e way of scalin" rofits on the F;mar#ets.

KKTip3 *emember to wait a minute or two after the announcement. Don't oen aosition before the scheduled time

KKTip3 There are news releases all throu"hout the wee# durin" the different time7ones and tradin" sessions. This techniAue wor#s well durin" o!erni"ht tradin"E4T durin" the Euroean and Kondon sessions.


43
http://www.forexnews.com/http://www.forexnews.com/


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day trade forex system ultimate step by step

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