Can 5 pips a trade = Financial Freedom

If you start with a bank of £150 and capture 5 pips a trade 3 times a day = 15 pips a day at £1 a pip and increase to £2 a pip as your bank grows then to £3 a pip, you get the picture build slow and steady, trade safely. In less than 6 weeks you would be trading at £10 per pip, that’s 15 pips a day @ £10 = £150 per day Tax Free. 15 pips a day is all that you need for financial security why because 15 pits a day can equate to, well you can trade a pip from a £1 to £150 per pip, so you do the maths.
So all we need now is a trading strategy that will give us 5 pips + the spread within a trade. Thats what the charting software I use along with pivot points, support and resistance levels does. There is one unique indicator that is not found on any other charting software that identifies a potential trading candle within a 15 min chart using this with pivot points, support and resistance 5 pips is achievable on most trades. With carefull money management and tight stops I think I can do this, so lets find out.
I will be paper trading for the 1st few weeks, then if all is well I will start trading a £1 per pip.

Sunday, 11 November 2007

Why You MUST invest in Forex!

You might have pondered over this question and asked yourself a zillion times. WHY FOREX?

Inspite of ‘N’ number of businesses that may attract you with promised profits, why should you opt for investing in Forex. Here I am going to list out the reasons why and it just might compel you to invest some money in it to Forex Trading.

LARGEST FINANCIAL MARKET

With $1.5 Trillion(yes, you read it right, its $1.5 Trillion) being traded daily, Foreign Exchange (Forex) has become the largest financial market since the past 3 decades and its domination has only increased if anything.

Forex Trading was left to the professionals till recently. However, now even average investors are willing to invest in it having witnessed its amazing capacity. This explains the sudden surge in the Forex market.

LEVERAGE in FOREIGN EXCHANGE TRADING(FOREX)

Frankly speaking, no business gives you a leverage as that of Foreign Exchange or Forex (FX) for short. No hidden formulas, no confusing strategies or no professional knowledge required, all you need is a decent application of technical analysis along with a logical money strategy.

Ofcourse, leverage can be as harmful as beneficial. No hindrance on risk management means this high leverage can lead to potential high losses or high gains.

TRADING 24 HOURS on FOREX

Forex is a 24 Hours trading opportunity. Its not going be like you wait for the forex shop to open. As a Forex Trader, you get the opportunity to trade 24 hours from Sunday 5:00 pm (ET) to Friday 4:30 pm.

This means you can do trading upon your convenience and based on your schedule. It also provides you the opportunity to act immediately upon golden breaking news from the market.

NO COMMISION FOR FOREX

There is no commission charged towards your profits on Forex. You are allowed to keep 100% of the profits that you make by trading on Forex Market. Thus, this makes Forex Market an attractive and lucrative field of business especially to those who would deal on a regular basis.

HIGH LEVELS OF LIQUIDITY OF FOREX

Another crowd puller is the high liquidity factor of Forex. With about 90% of all currency transactions comprising of 7 major currency pairs, this leads to these currency having price stability, smooth trends and high levels of liquidity. The liquidity is mainly coming from the banks that offer cash flow to the average investors, organizations and market professionals.

STEADY TRADING PROSPECTS

The Forex market is never stagnant, its always on the move. As Forex trading involves buying and selling of currencies, traders can most easily operate in a rising or falling market. This is due to the simple fact that there are always trading prospects whether a currency is rising or falling as its co-related to other currencies. Hence it does not matter whether the market is rising or falling, there are always opportunities for successful trading. All you need is to have a good trading strategy.

With an amazing speed, even large transactions are conducted in a matter of seconds.

Along with these major advantages, there are other plusses like the large profits the Forex Trading promises. It is very much possible for an amateur investor to gain decent profits provided he has made a good study of the market prior to investing.This article is originally for the site http://forex-trading4you.blogspot.com/

You can distribute this article freely as long as you include the original source and this message.
Thank You
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