Why the title “One More Zero?” Because, everybody can use one more zero in their lives. If you are making $25,000 a year, you’d be happier with $250,000. If you’re at the $100,000 level, another zero would bring you to the one million dollar mark. And so on, and so on. You get the point. We are absolutely convinced that this e-book will bring you closer to adding one more zero to your life.
And why the subtitle, “HOW TO TRADE THE FOREX LIKE A PRO IN ONE HOUR?” Because, it will probably only take you about one hour to digest the essentials of this ebook – especially the parts on trading technique – and then you’re well on your way to trading the forex like a pro.
Please don’t take this e-book lightly as it is one of a kind. We have considerable experience with currencies, and have yet to find any decent material on the subject of
trading the forex. This e-book could turn your life around if you will just let it. Welcome to the wonderful world of
forex trading as seen through the eyes of Peter R. Bain and Dr. Brent Strouse.
Stop what you’re doing for a minute and consider this. We’ll show you how you can get your share of the $6 trillion-a-day markets. You’ll think you’ve died and gone to Heaven when you find out how easy it is to mimic the pros.Every day, six trillion dollars float through the hands of people who aren’t any smarter than you or I are. It doesn’t make any difference if you’re an accountant, baker, butcher, retired sea captain, homemaker, airline pilot, surgeon - or cop on the beat. If you’re willing to take some direction, you deserve a nice piece of the action. You’ll never have to learn zip about currencies. You will learn the techniques and strategies to go out and claim what is rightfully yours.Play right along with the giants of world commerce. You won’t be on the outside looking in; you’ll be enjoying the thrill of a lifetime, riding on their king-size coattails. Trading the
forex market deserves your serious consideration.
Forex trading has enjoyed exponential growth and widespread popularity over the past few years. It is only now that online foreign exchange trading is starting to get noticed. Until recently, large international banks were the big dogs in the foreign exchange (FX or forex for short) market, selectively allowing access via telephone trading to Fortune 1000companies, large funds, high-net worth individuals, etc..
But now, there are online trading firms that provide individual traders like you and I with direct access to the largest, most liquid financial market in the world – the forex. A lot of traders seem oblivious to this market. This unfamiliarity is the root cause of misconceptions about this exciting market. Spot foreign exchange is the ideal market for active trading - more leverage than equities/futures/options. The market is highly volatile, has a tendency to trend strongly,and actively trades 24 hours per day. There are no limitations on when one can short a currency. Currency traders can make money when a currency is becoming stronger or weaker.
JUST ANOTHER SERENDIPITOUS MOMENT
People think that life is a linear progression, which you go from A to B to C and so on. In fact, it’s a total illusion, because anyone who thinks carefully about his/her own life knows that the pattern of his past is absolutely accidental and serendipitous. The key challenge in life is not to know where you are going, but prepare your character so when those wonderful moments of serendipity occur, you can listen to your heart and know what it is you need to do. Trading the forex is just another serendipitous moment in the course of your life. You will either embrace the opportunity or let it go. By the time you have finished reading this e-book, we believe you will not let this opportunity pass you by. If you really wanted to learn how to trade the forex successfully, where would you go? Who would mentor you? Who would teach you? Who would show you how to take advantage of the market, instead of the other way around - the market taking advantage of you? If you could get there on your own, you'd already be there. We’re here to help you conquer the magnificent world of forex trading.
The ideal market for trading …Tired of giving money to your broker and feeling broker? Well, outperform him or her. Currencies don’t crash. They outperform stocks. Earn immediate income and stop worrying about job security and layoffs forever.
WHY YOU SHOULD GIVE THE FOREX A SECOND LOOK
-Large returns
-Currencies trend well.
-There are no commissions.
-US$6 trillion a day and growing
-The forex is a very efficient market.
-High leverage: Each pip is worth US$10
-There is lots of movement in this market.
-You can trade 24X5 from home or anywhere.
-Little capital is required – as little as US$500.
-You can easily start out by taking 20 pips a day.
-You can trade whether you have a day job or not.
-You can hedge at FX Solutions. Not all market makers allow this.
-All you need is an Internet connection; charting/dealing software is free.
-This is real-time trading; 2.5 to four second response time; rare re-quotes.
-Low lot size: 100 to one ratio; US$100 controls US$10,000 (1,000 = 100,000)
RISKY YOU SAY?
Is forex risky business? Comparing trading the forex to other forms of trading, you will find that from a risk/reward standpoint, forex trading provides respectable returns. THE STRAIGHT SKINNY ON THE “FX” OR
FOREX MARKET The currency (foreign exchange) market is the largest and oldest financial market in the world. It is also called the foreign exchange market, or "FOREX" or "FX" market for short. It is the biggest and most liquid market in the world, and it is traded mainly through the 24 hour-a-day inter-bank currency market - the primary market for currencies. The forex market is a cash (or "spot") inter-bank market. By comparison, the currency futures market is only one per cent as big.
Foreign Exchange simply means the buying of one currency and selling another at the same time. In other words, the currency of one country is exchanged for those of another. The currencies of the world are on a floating exchange rate, and are always traded in pairs - Euro/Dollar, Dollar/Yen, etc. In excess of 85 percent of all daily transactions involve trading of the major currencies - Australian Dollar, British Pound, Canadian Dollar, Japanese Yen, Swiss Franc, and the U.S. Dollar.
Unlike the futures and stock markets, trading of currencies is not centralized on an exchange. Forex literally follows the sun around the world. Trading moves from major banking centres of the U.S. to Australia and New Zealand, to the Far East, to Europe and finally back to the U.S. In the past, the forex inter-bank market was not available to small speculators due to the large minimum transaction sizes and often-stringent financial requirements. Banks, major currency dealers and the occasional huge speculator used to be the principal dealers. Only they were able to take advantage of the currency market's fantastic liquidity and strong trending nature of many of the world's primary currency exchange rates.
Today, foreign exchange market maker brokers such as FX Solutions are able to break down the larger sized inter-bank units, and offer small traders the opportunity to buy or sell any number of these smaller units (lots). These brokers give virtually any size trader, including individual speculators or smaller companies, the option to trade the same rates and price movements as the large players who once dominated the market. Market makers quote buying and selling rates for currencies, and they profit on the difference between their buying and selling rates.
YOU CAN LEARN THE SECRETS CONFINEDTO A TINY CIRCLE OF INSIDERSJOIN THE WORLD’S LARGESTMONEY-MAKING BUSINESSTHE DAILY $6 TRILLION TREASURE HUNT
THOSE TRAITS YOU NEED TO TRADE THE FOREX SUCCESSFULLY
AdaptableKnowledgeConcentrationNo distractionsAmbition and desirePassion for the businessAbility to take directionExecution (Trust those indicators!)Notice I didn’t include money. That’s because if you have a burning fire in your gut that trading the forex is what you want to do with your life, you’ll soon find the money to do it with by begging, borrowing or stealing it. Well, forget the stealing part.
TRIVIA
More than HALF of all Americans have LESS than $1,000 in savings. At age 65, 95% are dead broke or dead. The end of September marks the beginning of autumn, and has been at time of reckoning for currency markets. They have seen violent moves around that time. The British pound was devalued on September 21, 1931, while the Plaza Accord to bring down the dollar was struck on September 21, 1985. The pound jumped the gun a bit by collapsing a few days before a French vote on the Maastricht Treaty for the European monetary union on September 20, 1992.
BRAIN TEASER
If you were to toss a coin five fair tosses, what is the probability of the coin landing heads five times in a row? As a hint, remember that the tosses constitute a sequence of events. Answer (backwards): .23 ni 1 ro, rewop htfif eht ot 2/1 si ytilibaborp ehT
TO CONCLUDE
… And, finally, some words of wisdom from someone who is somewhat older and wiser – namely me, Peter R. Bain:I believe that the pursuit of the almighty dollar through trading is certainly a noble thing to do. But, as the Chinese proverb states, “Those who constantly chase money go to bed tired.” Quite frankly, it’s more about getting our priorities and values straight in life – maintaining health, family and friendships, and choosing where to live. The single-minded pursuit of money in one’s life can create so much stress and anxiety that it may undermine health, relationships and other interests. It’s not necessary to rack up a US$1-million trading account to retire well. In the aftermath of September 11th, thousands of people are saying they value people more than things, family more than finances. As traders, all we can do is set the course we believe best enhances our odds, then stick to it. If, despite our best efforts, things turn out differently than we had hoped, we must maintain our equanimity. Whether living or trading, the most useful attitude is suggested by the famous Serenity Prayer attributed to theologian Reinhold Neibuhr in 1934. “God grant me the serenity to accept the things I cannot change, courage to change the things I can, and the wisdom to know the difference.”
If you are serious about being a successful forex trader and learning one of the best methods to consistently capture profitable trades then ONE MORE ZERO is for you!
