Forex Trading: The Basics Explained in Simple Terms (Bonus System incl. videos) (Forex, Forex for Beginners, Make Money Online, Currency Trading, Foreign. Forex Trading Money Management System: Crush the Forex Market with Bigger Profits and Smaller Losses! - Kindle edition by Don Guy. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Forex Trading Money Management System: Crush the Forex .
You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Forex, Futures, and Options trading has large potential rewards, but also large potential risks.
The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice.
We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
Recent Popular Comments Nial Fuller. Price Action Trading Patterns: Can Forex Trading Be Taught? God bless you Nail Thanks Nial for providing these charts now I under Dear Nial, I am a novice forex trader from India And I'm happy to say that my trading robots continue to pump out healthy, steady profits to this day.
For more details and performance of my trading robots, register FREE at: This system can be applied manually to most trading systems in ANY market and even on casino games like Roulette and Baccarat etc. No calculator is needed because it's so easy to follow.
Although I suggest sticking with financial markets where you can really profit big! You can watch some video demonstrations on my website RouletteTrader. I do not teach signal strategies in this ebook or any basics of forex. It's not about that but I'll be releasing a book about that soon too.
So come join me and I'll open a whole new dimension of trading and opportunities for BIG profits that you've never seen before! Read more Read less.
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There was a problem filtering reviews right now. Please try again later. Kindle Edition Verified Purchase. This is an interesting method, however be cautious! I put a few author's methods in Excel, it seemed if you have a robust system that keeps making money, this method could enhance your return for most of the cases.
However, if you run enough iterations, there are quite a few of them that incur large drawdowns. In addition, the tendency of a system to yield consecutive winners seemed to be an important factor. It's disappointing that the author didn't present complete statistical analysis of his methods, and risks are not thoroughly analyzed. At this point, isn't clear how practical is the method in real world. Overall, a system might benefit from this method, if it has the desired "characteristics"; however the risk needs to be fully analyzed before one can put real money in this.
Overall this book is about a statistical method without thorough statistical analysis. The author appeared really eager to sell you his service: The most successful traders have always taught that the key to successful trading is money management. Well, here is a very simple but powerful money management technique that works in today's currency markets. Although Don does not give a trading system example to use with this MM system, he does point out that it works best for any system that gives runs of multiple profits and losses , which are quite common in the currency markets.
For example, a trend following system will give several losses in a row during a consolidating market, but then give multiple profitable trades when the market begins trending again. For a range trading system, the opposite is true as well. Think about that for a moment, and you might just have a revelation. The method itself allows for a large return with small risk to the trader's original equity through a very basic, but powerful, system that "pyramids" on profits from the previous trades.
Although Don mentions his trading robots, he does not appear to hype them in order to make a sale, and the ea's he sells are mostly simple trend following sytems which are very consistent and profitable. However, as I will explain below, you don't need to purchase his robots in order to trade using his money management system. As a person, I have found Don to be very honest and extremely generous.
He is open to questions and is normally quick to answer any emails I have sent him, as well as transparent about his trading results. You can check out his live trading results on the MyFXBook website under the user name of RouletteTrader to see how his most popular robots are performing. Some of the negative reviewers have questioned the system's effectiveness and the trading robots' durability for the long haul. In my 20 years of currency and futures trading, I question whether any system is profitable forever.
Even the turtles aren't doing so well these days, and most of the best robots from 5 years ago aren't even on the market anymore. However, as long as any system continues to make "runs" of profitable trades, I believe this technique will continue to be insanely profitable. To test this method before live trading, I ran a simple 2 month test in live market conditions. The market went sideways a couple weeks resulting in two stop outs and then moved.
Buy this little book; it's practically free anyway. If you're not sure about spending the few bucks on this, you definitely don't have the stomach to trade the currency markets. Run through the numbers and test it out manually on a demo account. Check out the performance of Don's robots on his myfxbook account search "RouletteTrader". If you feel comfortable with it, apply the system to your own live trading method or purchase one of Don's robots.
If you don't feel comfortable with it, you're out nothing but the price of a latte and a little reading time.
Siphelele Mavundla February 21, at 7:
A lot of times the difference between the close or the last price traded or settlement is not very much. The idea is that central banks use the fixing time and exchange rate to evaluate the behavior of their currency.