By: Philip Nightingale
Forex is foreign exchange trading, in other words trading between two different currencies, in this case the Euro and the U.S. dollar. Only two things should affect the trading results and that is supply/demand and a major news item and not being in a difficult economy as we are now.
Do you want to beat the recession?
If you are working all hours and struggling to get ahead then this is ideal for you. Once it’s set up there is a few minutes maintenance a day to start changing your life.
Historically – and remaining on the conservative side – your trading bank should be doubled around 4 times each year; eg $10,000 could become $40,000 within a 12-month period.
One particular Professional Forex Trader might regard himself as just an ordinary, middle-aged family man, though if the truth be known, the income he derives is “extra”-ordinary !
“Today, it is possible to trade on The Foreign Exchange Market completely automatically.
Intricate software will not only open a trade for you, it will manage it and close out for profit. You do absolutely nothing, except have your computer switched on !” Some time ago, I set out to “create” at least two other income streams.
My belief was – and still is – that in today’s modern world of high technology where governments and corporations alike are putting profit above all else, it was becoming quite “risky” to build a family and
lifestyle on the shaky foundation of one sole income stream, no matter how grand that income could be. After all, a simple change in the economy could have a dramatic affect on any particular business style.
And I struggle to think of a true “career-for-life” employment scenario these days. (it used to be Banking – look at the state of that sector at the moment).
Through my (past) business activities as an Independent Financial Planner and today, through my mortgage intermediary business, I have been privileged to be in a position to help individuals and small businesses create and expand wealth. Today, my mortgage business is more than 70% bias toward investment mortgages where help is continually offered to private individuals wishing to create or expand their own investment property portfolios.
The other big “wealth-generator”, in my opinion, is the Stock Market. Despite there being a common belief that this marketplace carries high risks for those who trade within it, I think we are all aware that
fortunes can and are made here, albeit by those who know what they are doing. I have never met a poor stockbroker – and I have spoken with several.
It is with this in mind that I want to expand upon profit-trading in these markets – but with a huge difference…………….
One you are just not going to believe !
I have traded both The Stock Market and The Foreign Exchange Market since 2001. I have only ever traded on my own account and in the beginning it was very much a “hobby” rather than any form of real income
or capital base, but the passion has stayed. In 2005, I began trading more seriously and with good, healthy financial rewards, too.
However, having a general passion for what these markets can offer the “common man” today, has led me to trade several different strategies and subscribe to various “trader-Guru” newsgroups, attend seminars, etc,
etc, to keep my knowledge-base well and truly alive. Like anyone who’s “into their subject” – whether it be a hobby or a way of life – I’ve never been shy to part with cash to learn more.
When I was told before Christmas, 2007, that I could trade on the Foreign Exchange Market completely automatically – for healthy, regular profit – I just didn’t believe it . But I set it up anyway and tested for a short while.
At the end of February 2008, I began using this automatic forex trading system on a live account. Once set up, it puts me into a trade, manages the trade for me and finally closes the trade, usually for a healthy
profit. All I have to do is leave my computer on during the week and touch nothing. By June I had doubled my initial trading bank TWICE !
All I had to do was press a few buttons on my computer and the automated system was set. It then quietly monitored my chosen market (eg GBP/USD currency pair) for a while until the price movement was such that a new trade was opened – automatically.
On opening a new trade, a stop loss is set (more later) as well as a “take profit” point. When the trade moves enough in the right direction, the stop loss is moved up to lock-in some gain before finally closing the trade for either full or part profit.
A stop loss is a point at which you instruct your Broker to close you out of a trade if it goes far enough against you; eg you want to “buy” at a level of 1.9715, with a stop loss set at 1.9615 (100 pts below). If
the price went against you and hit your stop loss, you would be taken out of the trade for a loss – but it would be a known loss and one which you can build a trading strategy around for ultimate profit (after all
profit and loss trades are taken account of). This automated system has been put together by professional traders and a mathematician.
I have been quietly making regular (obscene) amounts using this intricate software system which ncidentally has been written in such a way that it can be integrated into one of the “chosen” professional trading platforms. And all a “platform” is in these terms, is where you can actually see the price movements as they happen on your own computer screen – in this case currency fluctuations between pound sterling and
the US Dollar.
How difficult is it to set up?
Incredibly easy because I talk you through it over the phone. No complicated internet systems to set up for yourself and full on going email support.
How long will the training take?
30 minutes max. This system is so automated there is hardly any thing to learn. You won’t need to spend hours at training seminars or with your head in a PC .
Do I have to spend much time on it everyday?
The system is so simple that once it is set up you have hardly any thing to do except bank the money.
How risky is it?
I have incorporated my own performance criteria in to the software to make it as safe as trading can possibly be.
What if I get a problem?
Just email me and I will get right back to you.
So, to put it in summary terms; once all this has been set up on your computer and a broker account opened, all you have to do is turn your computer on whenever you want to trade. The Forex market is open 24 hours per day, 5 ½ days per week and is the largest financial market in the world.
The capital needed to set everything up and fund a broker account would start at around £5,500 up to £15,000, depending on your goals and this money should be replaced within circa 6 to 9 months (via profit draw downs) so there should be no need to rob all your savings as other funding options could also be considered.
If you’re serious about creating an extra income stream via this wonderful automated trading method you can email me at info@tradebloggers.com where I can send full details to the seriously
interested
Philip Nightingale
No comments yet.