| A shockingly simple way to pocket £2,210 a month from forex
Just take five minutes to set up you 'net trap' and go about your business...
When you come back an hour or so later, your tax-free profit's waiting for you.
It's the simplest way to raid the forex markets for regular £1,200, £560 or £2,210 tax-free profits...
Discover how to set your 'net trap' today.
Something you're carrying could make you £1198 - £4868 a month
Recently this guy made £1393.50 while waiting for a cup of tea in a café. Couple of days later, he made £2116.20 while catching a cab to the station.
A month before that, he pulled in £503.80, £570.80, £291.80 and £329.50 while on holiday with the family!
You're carrying everything you need right now to do the same! Discover what it is and how you can use it to pocket rapid tax-free gains today.
Earn £5,000 a week from the comfort of home
No clocking-in, no getting up on freezing cold mornings, no working late into the night.
You could do this working from your kitchen table, your living room couch, even relaxing out on the patio.
And it's all thanks to this forgotten system...
Your first £112 profit is scheduled for next Friday
Before you go for lunch next Friday, check your inbox for one simple email and follow its simple instruction. Then go to lunch as normal.
Come Monday you could collect your tax-free profit of £37, £64, even £112. It's that simple.
Get the email sent to you.
| | Tuesday 29th December 2009 | Issue 1022 | Take the 'casino' out of
your trading Dear Subscriber,
You sometimes hear stories of people multiplying their forex trading accounts in a matter of weeks.
But, what they don't tell you is the enormous risk they took in the process.
Anyone could double their money tonight, by putting all they own on black at the roulette table.
But, by the spin of a wheel, they could lose everything in the process.
To profit in forex, it's about only taking 'acceptable' risks.
You need to learn how to measure if a forex trade is an acceptable risk.
Your first £112 profit is scheduled for next Friday
Before you go for lunch next Friday, check your inbox for one simple email and follow its simple instruction. Then go to lunch as normal.
Come Monday you could collect your tax-free profit of £37, £64, even £112. It's that simple.
Get the email sent to you.
Measure your risk on every trade Don't forget, to be profitable over time, you need to make consistent gains, allowing for losses.
The man on the street isn't generally very good at measuring risk.
For example, many people are hoping one day they'll win the big one in the National Lottery.
Everyone knows the odds are a million to one, yet all over the country people hand over their hard earned cash for the minute chance to win.
It's not very realistic, but everybody still does it just in case.
You see it's a risk many people are prepared to take because the cost of the ticket is so small.
But still, if people really thought about their chances, they'd keep their cash in their pocket.
In forex we need to learn to be a bit more of a scientific way of measuring risk.
For one thing, the cost of a forex trade could be much more than a lottery ticket.
The good news, though: we can know whether a forex trade is a risk worth taking.
And it's easy to learn this stuff...
Best of all, it could save you a ton and bag you a lot more profit. How to know your risk on every trade Let's look at a simple example to show you what I mean...
You could buy USD/JPY at 88.50 and expect the price to rise to 89.50.
This would mean you could make a profit of 100 pips. A pip in USD/JPY is 0.01.
As you know, a pip means the smallest quoted unit - in this case 1 pip is a 0.01 change in the exchange rate.
But for the time you held the USD currency against the JPY, you had a risk.
This risk was if the USD/JPY price fell below 88.50 (your entry price)... you could make a loss when you closed the trade (sold the USD/JPY).
If the price fell to 88.00 and you closed the trade, you would have lost 50 pips (0.50).
If the trade lost 50 pips, at £1 a pip you would have made a loss of £50.
Of course, you can actually set a stop loss order to cover this possibility by placing an automatic stop loss order to sell at 88.00.
In fact, in my opinion, you should always have a stop loss order for every trade.
So, the profit potential of the above USD/JPY trade was a risk of a £50 loss to potentially make £100 profit.
If you are not comfortable with the risk reward, then you should not place the trade.
But do you see how useful it is knowing your risk...
If the risk is too high, you don't place the trade. You save yourself a frustrating loss.
Managing risk like this is a very important part of any successful trading plan or system.
And by managing risk like this, you can take the casino out of your trading.
I will show you what a good position size is for long term profits next week.
Best wishes,
Richard Hill
Editor
Forex Round-Up
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