Forex Time Machine
Once You Learn How To Manage Risk…
Trading Forex Becomes A Pleasure! And that’s not a quote from some Hot Shot Trading Guru or Some Chump With His Head Up His You Know What…No… That quote is First-Hand experience, from an Old School, Hands On, In The Pit (I’ll shove you if you’re in my way) Forex Trader!
It doesn’t matter how long you’ve been trading currencies… Experienced & rookie traders alike, are all guilty of neglecting or taking for granted, most of these important factors. All forex trading courses should have to contain this vital information.
Too often do we plunk down Large Sums Of Money… FOR NOTHING!!!
Useless out-dated material, with sketchy backtests, so they can show you an unrealistic percentage of winning trades. Most of these "so-called" forex trading courses are SHAMEFUL.
That is why, what you are about to hear is so important… When it comes to being able to work online and make money.., Big Money. Most people seem to think, it is only reserved for experts in the field.
Not True!
Being able to
trade currency online is an excellent example of that… Complete beginners with the right material at their disposal are making a killing trading currency. But only with the Proper Material in hand, can you be successful at forex trading. There is, no way around that.This is your future & your money, on the line…
Forex Time Machine and it’s 3 easily executable trading methods puts the power of the past, at your finger tips…
Finally, leveling the playing field for the average trader. Giving you a consistent edge, which results in winning trade after winning trade. And, not some giant bank!
I can guarantee you, though… This Proven Material Won’t Be There For Long!
If you are still losing money trading forex or are not making as much money as you know is possible, in this huge market… Than, this kind of forex material is Life Changing.
But, before I get into all that…
You don’t have to deal with ANY of it.., if you move your account out of the USA. Just because you’re a U.S. citizen, doesn’t mean you have to have a U.S. based account. For instance, the U.K. Currency Market & Australia are two places you might consider. And, the firm you are trading with, might already have an office there.
As of August 1st, the NFA made some "changes" affecting your forex account and how forex firms handle your trades. And they’re causing all kinds of headaches in the process, to say the least!
The new rule has already been coined — "The FIFO Rule." Your forex orders should "mimic" n the stock or commodities market. First In — First Out. The new rule is officially NFA Compliance Rule 2-43(b).
So, how does this affect you and more importantly, your Forex Account?
The new rule also says that you have to close out the FIRST order that you placed FIRST. So you can’t “pick and choose” which orders you want to close out. You have to close out the first position of any multiple positions you have in a particular currency pair, no matter whether it’s a gain or a loss.
Now keep in mind, if you’re a retail trader, and you only place one currency trade at a time on a particular currency pair, then this rule won’t affect you much. The only problem comes when you want to place multiple trades, then you have to close them out in the order you placed the trades on each pair.
You absolutely CAN place stop and limit orders. Firms just have to change how this process works at present. Many firms are having you offset your order with opposing entry orders. Some of these firms have already made OCO orders (One Cancels the Other). That way, if your limit hits, the entry acts as your stop to cancel the trade out. If your stop is hit, then your limit entry order is canceled.
Automated traders, be sure to read this… Now, here’s one more thing to consider. If you have automated trading programs like Metatrader’s Expert Advisors (EAs), or something similar, chances are your automated program will NOT be coded to handle the new FIFO rule.
Also… you can’t play both sides anymore… No more "hedging." Hedging is when you are both long and short the same position. For example, up until now, you’ve been able to buy and sell the EUR/USD at the same time.
Like I mentioned earlier… Moving your forex trading account, out of the U.S., is not as difficult as you might think… Filling out a "transfer form"
is all it takes, to keep things simple. And, just a tip… The U.K., has slightly better regulation than what they have in the U.S. They also have segregated accounts, which force a firm to separate your account from the firm’s finances so it protects you even further.
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