2. Forex Trading could be as simple as
it is advertised, but before you
venture into online forex trading,
kindly demo trade by downloading
the trading platform from any
reputable Forex broker's website.
My Best Forex System on page 4
3. The fact is most major market
moves start from new market highs
NOT market lows. Learn to buy
these breaks as the odds are in your
favor and you normally see huge
trends develop if, the breakout is
from a valid resistance level. It
allows you to get a feel as to how
much leverage is too much
leverage for your risk taking. That
is exactly what I am telling you.
You are a liar. You are not making
100% return a month.
My Best Forex System on page 4
4. It is safe to assume that most
beginner forex traders don't have
the capital to add more money to
their account. In fact, most people
who begin forex trading just think
that it is a way to get rich quick. A
good rule of thumb is to not use
more than 60% of your margin on
any one trade. I think that this is a
bit high personally, but you can
decide for yourself what kinds of
risk you are comfortable with.
Best Forex System Explained
http://andylank.com/cash-flow/
5. If you pay attention to the last
schedule you will notice that there
are two times when two of the
major markets overlap during
trading hours; between 2am and
4am EST (Asian/European) and
between 8am to 12pm
EST(European/N. American). Ever
seen a day trader with a long term
track record of success? No neither
have I, so avoid it and trade longer
term trends where you can get the
odds on your side.
Best Forex System Explained
http://andylank.com/cash-flow/
6. Now, while this is a hypothetical
example, don't think for a moment
that it doesn't happen. Forex
trading is full of losers who bet
their bankroll without fully
understanding the risks. And the
worst part is that this margin call
that I used in the previous example
is conservative....most forex
traders trade with 50:1 - 100:1
leverage. Forex is risky folks but
playing with such a high leverage
and you would be better off taking
your chances with jumping in front
of a moving train and hoping to
live.
Best Forex System Explained
http://andylank.com/cash-flow/
