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Saturday, 23 July 2016

THERE ARE FOUR CLASSES OF FOREX TRADERS AS FOLLOWS:-

1.  The Monthly Forex Earner: Expected Minimum Trading Volume = 1 Standard Lot = 100,000 Units. Reward = $10 Dollars Per Pip Gained.

2.  The Real Forex Trader: Expected Minimum Trading Volume = 10 Standard Lots = 1,000,000 Units. Reward = $100 Dollars Per Pip Gained.

3.  The Advanced Forex Trader: Expected Minimum Trading Volume = 100 Standard Lots = 10,000,000 Units. Reward = $ 1,000 Dollars Per Pip Gained.

4.  The Institutional Forex Trader: Expected Minimum Trading Volume = 1,000 Standard Lots = 10,000,000 Units. Reward = $10,000 Dollars Per Pip Gained.

Due to the transparent nature of the forex market, all price levels of all the currency pairs are the same all over the world at the same time. There is no such situation where the price level of any currency pair is different from one location to the other.

All these volumes of trades are possible as a result of the LEVERAGE offered by forex brokers. Different levels of leverage are offered by different forex brokers as there is no legislation to limit the level of leverage all forex brokers should offer, except of course in the United States of America where there is a legislation limiting the leverage to 50:1 and American citizens are not allowed to open forex trading accounts with forex brokers that offer more than 50:1 leverage thereby protecting their citizens from higher risk, because the higher the leverage, the higher the trading volume you will be able to trade and by implication higher risk. If the market price moves against you, the higher the loss could be and if the market is in your favour, the higher your profit will definitely be. The higher the leverage used, the higher the associated risk.

The strategy adopted for this forex trading program is designed to reduce the risk factor associated with forex trading to the barest minimum if not completely eliminating it.

Our Reward To Risk Ratio is : 9:1, which means we are aiming at nine winning trades out of ten with only one potential loss.  

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