Client Magazine

ADMIRALS

summerautumn 2011

www.fxservice.com

Admiral Markets: Developing Together with the Forex Market | Admiral.Pro a New Milestone in the History of the Forex Market! | Admiral Markets Vietnamese Office | Mobile Trading: Boundless Freedom! | ForexBall Trading Competition | The Elementary and Incomprehensible ZuluTrade | Refer a Friend to Admiral Markets! | Some Places That You Must Explore In Australia

ADMIRaL'S SUMMERaUTUMN 2011

Content
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 dmiral Markets: A Developing Together with the Forex Market  dmiral.Pro a New A Milestone in the History of the Forex Market!  dmiral Markets A Vietnamese Office  obile Trading: M Boundless Freedom!  orexBall F Trading Competition  he Elementary and T Incomprehensible ZuluTrade  efer a Friend R to Admiral Markets!  ome Places That You Must S Explore In Australia
Mobile Trading: Boundless Freedom!
We are pleased to announce the launch of new platforms for mobile trading, which Admiral Markets offers to their customers absolutely free.

year anniversary since the establishment of Admiral Markets and its CEO, Alexander Tsihilov, answers our questions.

Admiral Markets: Developing Together with the Forex Market. This year is the 10

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Client Magazine

ADMIRALS summerautumn 2011

Admiral House (section A)

Address: Tallinn, 10151, Ahtri 6A, 8 floor, Tel./fax: +372 630 9303 Publisher: Admiral Markets, support@fxservice.com,

www.admiralmarkets.com

Circulation: 5000 ex. Editor: Alexander Shtavbonko Designer: Olga Konstantinova

dozens of tools and the broadest possible volume control, which are able to offer an incredible array of profitable combinations.

The Elementary and Incomprehensible ZuluTrade. ZuluTrade means thousands of traders,

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ADMIRaL'S SUMMERaUTUMN 2011

Admiral Markets: Developing Together with the Forex Market

"The game "FOREX"was very primitive, had no leverage at all, and did not allow you to open short positions. However, the principle itself interested me."
to broaden our cooperation by having us setup a dealing room and a dedicated internet channel for their traders. In those days, the internet was not as wide spread and the connection quality we enjoy today was only just a dream. With our agreement, we could provide computers and offices for traders to trade on with a reliable internet connection. After working for just over a year, I started to think about ways to diversify by starting my own online brokerage company. Nevertheless, this required some startup capital and after a bit of saving I was able to amass the small required amount and was then able to start seriously thinking about a new business direction. How did the company develop in the first years?
Alexander Tsikhilov, President & CEO of Admiral Markets

ating company was registered under the name Admiral Investments and Securities Ltd. The first year was spent building an internal infrastructure and training staff since at this time there were little to no specialists in Russia or even in the world due to the newness of the online Forex market. In early 2002 the company began to enter into its first partnership agreements with the representatives of a few countries that were former Soviet Union states. There were representatives of the company in Latvia, Uzbekistan, and Ukraine. At the beginning the emphasis was on development of the company through the creation of a network of agents, mostly due to insufficient company equity which made it difficult to create our own branches. This strategy has become obsolete though as the company has grown and more and more branches have been created, giving us the current situa-

tion where we have 80% of our income coming from the company branches and only 20% still coming from agents. Nevertheless, in the beginning we had to do what we had to do.

An interview with the founder of Admiral Markets, Alexander Tsihilov, on the companys history, its priorities, and many other things to honor the 10 year anniversary of Admiral Markets.

How did it all begin?

he companys history began in the spring of 1999 when I, as a director of a small Internet service provider, Admiral Telecom, in St. Petersburg, came across a financial site for the game "Forex", where you can trade currencies and earn profits on the difference in quotes. The game was very primitive, had no leverage at all, and did not allow you to open short positions.

However, the principle itself interested me. Interested not in terms of trading per se, but from the standpoint that the Internet had finally become a viable instrument for carrying out financial transactions, and I realized that I had a new client segment to sell Internet access services to traders. After a while, I was able to find a broker in St. Petersburg with whom I made an agreement that gave their clients cheaper access to the internet through our ISP. After some time, the broker offered

dmiral Markets was officially established on the 5th of March, 2001 when the first oper-

"Admiral Markets was ocially established on the 5th of March, 2001 when the rst operating company was registered under the name Admiral Investments and Securities Ltd."
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Which regions have brought the most success to Admiral Markets?

he turning point for the company was in 2003. This was the year that we began to extract a relatively decent income from subsidiaries in Estonia and Latvia, which gave us the idea to change the company's development strategy from Russia to the Baltic countries, where competition has been significantly lower, and the business infrastructure was much more developed. Experience has shown that it was the right decision in a few years, the three branches in Estonia, Latvia, and Lithuania brought in three-quarters of our total income. Accumulated funds have allowed us to continue expansion into Eastern Europe, where we opened four more branches - in Bulgaria, Poland, Romania and Croatia. After the re-

orders, which are automatically transferred to providers of foreign currency liquidity, automated trading systems, robots, scripts, and strategies which are written in a specially designed programming language MQL; the emergence of virtual "offices" where the broker's customer service is completely automated - from opening accounts, to orders for the movement of investment capital, as well as many other very useful functions for the client. Things are quite different indeed. What are the competitive advantages does Admiral Markets have?

and the implementation of new projects that enhance the trading and analytical capabilities of our customers should not be underestimated. What has been achieved over the past year?

Admiral Markets Headoffice in Tallinn, Estonia gional development, the company really started to take off. In the middle of 2007 we decided to rename the company to Admiral Markets a name that was far more convenient from a marketing standpoint. We also went with a modified logo and conducted a full re-branding. What were the major milestones in the development of the company? has become much more comfortable. Currently, our company has branches in almost every Eastern European country and almost all of our branches lead the market in each country. It must be noted though that this should not be taken as a sign of complacency as we are actively developing new regions of the world South-East Asia, Australia, Latin America, and the Arabic world. What has changed in the Forex market over the past 10 years?

he main competitive advantage that Admiral Markets has is its flexibility and ability to adopt different strategies, depending on the current markets needs. Of course, providing excellent customer service, continuously introducing new tools for traders,

ver the past year, the company significantly expanded its presence in different regions throughout the world by opening new offices in Italy, Spain, Turkey, Germany, Slovenia and Vietnam. We are also currently in the process of opening offices in Argentina, Colombia, Australia, and the UAE. We also introduced professional trading accounts, the money management system PAMM/LAMM, automated trading systems for clients, and much more. The company continues to develop the competitive trading competition ForexBall, which increasingly acquires the status of the World Forex Championship

"The main competitive advantage that Admiral Markets has is its exibility and ability to adopt dierent strategies, depending on the current markets needs"

with the number of participants in the last round already exceeding 7,000 traders. What are the main priorities for the further development of Admiral Markets

"In 2003 we began to extract a relatively decent income from subsidiaries in Estonia and Latvia, which gave us the idea to change the company's development strategy from Russia to the Baltic countries"
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hen discussing the milestones during the development of the company the biggest would have to be receiving the European Financial License in June 2009, which was granted by the Estonian Financial Supervision Authority and allowed Admiral Markets to operate throughout the EU. Since then, the companys position in Eastern Europe

ver the past 10 years the Forex market industry has changed significantly. First, the clients themselves have changed significantly as the average traders back in the beginning are now quite professional. Combine that with the inter-bank market spreads on foreign currency instruments; immediate execution of client

Dmitri Laush, Executive Vice President, Development Division Director

urther priorities are linked to the continuation of active geographic diversification. We plan to cover all major regions of the world and plan to be licensed in all major world financial centers in Europe, Asia and America. We will continuously expand our range of services, increase the number of traded financial instruments, and introduce new projects and services for an improved quality of service. The companys mission is to become a significant player in the global online trading services market by providing a full range of opportunities for traders worldwide.

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ADMIRaL'S SUMMERaUTUMN 2011

Admiral.Pro a New Milestone in the History of the Forex Market!

If you are a professional Forex trader, then this is the account for you. Admiral.Pro gives you the most modern trade and execution technologies for you to take advantage of.

With this technology (ECN) you have the opportunity to take on the Forex market with maximum precision (quotes from 0.00001) and with the minimum spread (from 0.1 pips)
At first glance, this scheme may seem that the trade goes through an overly long path through two intermediaries, and hence the price, namely the spread and fee would increase with each step along the path, and the trader would be better off trading directly with any bank. But this is not the case. Moreover, as odd as it sounds, trading directly with one bank without intermediaries is generally not profitable and is quite uncom-

fortable. To understand how this is possible, let's look at an example. Imagine that you live in the city, which has 10 Hypermarkets. Each of them has its own marketing policy to attract customers by announcing discounts on different products every day. Let assume that today Hypermarket 1 has the cheapest bread in town, but milk is the cheapest in Hypermarket 2, and the best price for meat is in Hypermarket 3, etc. Tomorrow the situation will change and all these stores will offer discounts on other products. As a result, purchasing groceries on a daily basis at the best price would be nearly impossible as you would have to go around to all 10 Hypermarkets to get everything as cheap as possible. Now imagine that a new company appeared in your city which, for a very reasonable fee, delivers groceries to your house at the lowest prices in town. I.e. this company goes to each store and gets everything at the cheapest price

and brings the savings directly to you, every day, saving you considerable amounts of time and money. What do you think; would you use this new companys services? This is the same principle behind ECN in the Forex market. Instead of Hypermarkets and a new company in town we have Supermarket banks, Admiral Markets, and ECN. Banks expose their Bid and Ask prices, which varies depending on their own specific needs. Often there is a situation where it is not profitable for the bank to sell EUR/USD, but they are very interested in buying GBP against JPY, and at the same time another bank is more interested in selling AUD for CHF, etc. ECN gathers the bid and ask price for all currency pairs from several banks, selects the best Bid and Ask prices for each currency pair, and translates this information directly to your trading platform without any changes. As a result of mixing and matching the Bid and Ask

e provide direct access to the liquidity of the world's largest banks via the ECN (Electronic Communication Network), fivedigit spreads, instant execution NDD (No Dealing Desk Forex Execution), 0.1 pip spreads, and more! A few years ago it was impossible but thanks to the development of Internet technologies in general and online trading in particular, today it is a fact - we offer you direct access to the interbank

Forex market. We get quotes and the liquidity of more than a dozen of the largest banks in the world, such as the City Bank, Morgan Stanley, Deutsche Bank, UBS and many others. In real time we choose the best Bid/Ask price and transmit them into the convenient and reliable trading platform: MetaTrader 4. With this technology (ECN) you have the opportunity to take on the Forex market with maximum precision (quotes from 0.00001) and with the minimum spread (from 0.1 pips).

iterally, the acronym ECN stands for Electronic Communications Network. In the context of speculative trading in the international currency Forex market, it is a network that connects market participants, namely, the traders and banks. Schematically, the process of trading via the ECN can be represented quite simply as I will explain.

What is an ECN?

Morgan Stanley Credit Suisse Barclays

Trader

Admiral Markets

ECN
Goldman Sachs UBS Nomura

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from different banks, you can trade EUR/USD with a spread of 0.1 pip which would be impossible to do when trading directly with a single bank. At the same time, sometimes it is not profitable for a bank to trade one or more currency pairs at a given moment. During these times, the bank will deliberately give an undesirable quote that nobody would take. In such situations, called Spikes, the banks spread for a certain currency pair can reach tens or even hundreds of times more or less than the real market value. In such situations it would be a very bad idea for one to trade directly with this bank on that particular currency pair. Now you can see, if you have an Admiral Markets Admiral. Pro account, you can buy 1 lot of EUR/USD from UBS and then close your position with Morgan Stanley with a spread of 0.1 pips. When you open the position UBS has the best Ask price but when you go to close the order Morgan Stanley has the best Bid price. All of this was made possible by the ECN. Since the Admiral Markets ECN transmits the best spreads directly to your trading terminal without any editing, a commission is charged for each transaction which amounts to 0.004% of the transaction amount, or roughly $4 per lot. As you can see, the total cost to trade 1 lot of EUR/USD will cost about $5$8 or, in terms of pips, 0.50.8 pips. This is signifi-

cantly lower than the average spread of 23 pips offered at individual banks. It should also be noted that, thanks to the ECN most of the problems associated with liquidity are solved. No matter how huge the Forex market is, it has limits. For example, if several traders try to buy a total of 300500 lots for the same currency pair, it might be very difficult to find one bank that will be able to offer an attractive price for this large of a volume. With the ECN, these large simultaneous volumes can be split among several banks in smaller chunks keeping a good price for all transactions. The same system is used to close the orders, splitting the closing among several banks if needed.

The NDD is a system where there is a complete lack of hidden spread markups giving an unimpeded ow of quotes from the dealer to the trader
transaction which is proportional to the volume traded. Since the broker no longer hides the real price, the trader is able to have direct access to the best spreads without having to worry about additional inspections and corrections by the dealing desk, greatly simplifying and accelerating the trading process. So, what again is the NDD? The NDD is a system where there is a complete lack of hidden spread markups giving an unimpeded flow of quotes from the dealer to the trader. This is a simple and reliable mechanism for trading which makes the whole process more transparent, comfortable, and profitable for the trader. Without a doubt, Admiral.Pro, based on the ECN, is quite attractive to nearly all categories of traders. The advancing technologies that are the ECN and NDD in combination with very tight spreads and low commission taken by Admiral Markets will allow you to implement even more advanced trading strategies.

What is NDD?

efore getting into the technical details of the NDD, let me explain the basic concept. NDD stands for No Dealing Desk which means exactly what it sounds like, we take out the dealing desk so you can trade without the intermediary, but through a slightly different but better intermediary which gives the trader direct access to the banks quotes. Why, then, would the broker be interested in giving this option? Since the broker usually makes money from offering slightly higher spreads than the banks, this seams counter-productive. To make up for this, an additional fee is attached to each completed

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on a few commodities such as rubber, coffee, and cotton.

Admiral Markets Vietnamese Oce

The Admiral Markets Vietnamese oce is the 4th oce in the ASEAN region after the oces in Shanghai, Malaysia, and Indonesia.

The second hurdle that must be leapt is the strict foreign exchange policy that bans people from investing outside the country without a special license from the government and restrictions on the free flow of capital in and out of the country. Lastly, although the amount of people in Vietnam getting online is continuously growing at an increasing rate, the percentage of the population currently online is still low in comparison to other countries. During his trip to Vietnam, Admiral Markets President and

CEO, Alexander Tsikhilov noted that even though the conditions in Vietnam right now are not perfect, Admiral Markets had moved into many other Eastern European countries with similar conditions and through hard work and perseverance, had managed some remarkable success stories. The biggest factors to success will be the education of the populace and innovative marketing strategies. In January, AlenaNeposidyaka, the Regional Director of Asia and Board of Directors member, arrived in Vietnam to open the new Admiral Markets office. After all was said and done, the new office opened in the Saigon Trade Center in an excellent building in

The new oce opened in the Saigon Trade Center in an excellent building in Hochiminh, the nancial center of Vietnam
Hochiminh, the financial center of Vietnam. Currently there are 3 employees headed by Daniel Nguyen all committed to developing Admiral Markets in Vietnam and we look forward to the future.

ith a population of roughly 84 million, a quickly developing economy, and a growing percentage of the population coming online (30% according to the latest VNNIC), Vietnam is a promising market for Admiral Markets. Not all is perfect though and there will be challenges in the coming years. On the top of the list is the lack of knowledge about the FOREX market among the Vietnamese people, who are just getting introduced to the market.

For the last 10 years, there were many local electronic gold trading brokers which was very good business for the local banks but this business was banned by the government starting from March 2010. For the citizens who understand English, the FOREX market was the logical place to go after the ban and many have started trading with Admiral Markets Ltd. Together with this move to the FOREX market, there are also two stock exchanges in Vietnam where the Vietnamese can trade

Vietnam is a promising market for Admiral Markets. Not all is perfect though and there will be challenges in the coming years

Daniel Nguyen, Vietnam Office Director

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Mobile Trading: Boundless Freedom!

Mobile trading is now possible in Admiral Markets!

ForexBall Trading Competition

ForexBall is an international trading competition that is carried out on Admiral Markets demo accounts.

e are pleased to announce that mobile trading is now possible with Admiral Markets following the recent launch of trading applications for the following platforms: iPhone iPad BlackBerry Android Web Browser These new solutions will give you the freedom to trade regardless of where you are at the moment, and even if you dont have access to a PC. All you need is

any form of internet connection on your iPhone, iPad, BlackBerry, Android, or web browser. Just launch the application and your all set, giving you the ability to keep your finger on the markets pulse any time you want! We not only offer the opportunity to trade from virtually any

location with an Internet connection, we offer all of these features and applications absolutely free of charge! Do not miss the chance to experience the unlimited freedom of movement while having constant access to the major financial markets around the world!

B T

asically, it is a competition using virtual money that pits Forex traders against each other to see who can generate the most profit within a fixed time frame. The top earners get a cash prize with a total prize pool of $50,000!

The ForexBall Rounds

here are a total of 4 rounds in the ForexBall 2011 competi-

tion. All 4 are standard rounds in which each of the traders start with $5,000 in demo money and trade whichever currencies they want to make as much money as possible within the round's time limit (schedule). Contestants are divided into divisions based on the geographical region that they live in and only compete against other contestants in their own division. At the end of each of the standard rounds, the top 5 earners in each division will be declared the winners.

Contestants are divided into divisions based on the geographical region that they live in and only compete against other contestants in their own division
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ForexBall Rounds Schedule:

Round 1: 21.03.2011, 12:00 (London/MetaTrader) 01.04.2011, 21:00 (London/MetaTrader) Round  2: 16.05.2011, 12:00 (London/MetaTrader) 27.05.2011, 21:00 (London/MetaTrader) Round 3: 05.09.2011, 12:00 (London/MetaTrader) 16.09.2011, 21:00 (London/MetaTrader) Round 4: 07.11.2011, 12:00 (London/MetaTrader) 18.11.2011, 21:00 (London/MetaTrader)  Final: 05.12.2011, 12:00 (London/MetaTrader) 16.12.2011, 21:00 (London/MetaTrader)
The start and end time of all the major and any special rounds of the ForexBall international trading competition are shown for London, United Kingdom.

separated into divisions and will instead be competing against everyone at the same time. At the end of the "Gold Rush" round, a total of only 5 winners will be declared. At the end of each round, in addition to receiving prize money, the round's winners will be automatically placed in the "Winners Bracket." After all 4 rounds have concluded, there will be a Final Round for all of the contestants

who have made it to the Winners Bracket. Out of the thousands of contestants who participate during the entire ForexBall season, no more than 125 will make it to the exclusive Winners Bracket to compete in the Final Round which takes place at the end of the year. In addition to the main ForexBall rounds, there are special rounds which are held locally between traders of one country or several countries in one region.

The Russia-Ukraine ForexBall round was a special even for both countries. Neither country was able to clinch all 5 top spots. Despite the rivalry and competitive nature of the ForexBall, the overall idea of this event was to bring traders from these countries a little closer by engaging in an activity that both could enjoy. We are confident that this round will long be remembered by traders from both countries. Special rounds are held separately from the main ForexBall competition. Participation in these rounds gives traders an additional opportunity to practice trading in Forex, compare their strength to others, try different strategies, and perhaps to better understand the essence of the trading system. The ForexBall competition gets bigger with each passing year with a rapidly growing number of participants. This is not surprising, given the requirements for participation dont require any investment and the gains are 100% real! Participation is available to anyone who has a demo account with Admiral Markets, who organize the competition for traders from all over the world. The idea is to give traders a way to show their skills off for some financial gain, and a little fame. The competition can be found on the website www.forexball. com which also holds the history of past rounds and the current round standings. We invite you to join us and show us your strength and knowledge of the Forex market and we sincerely hope to see your name among the winners!

The success story of a ForexBall contestant

"I came to the ForexBall site by accident, clicking on a banner on one of Forex sites where I usually read news and analytics. I did not expect to win and joined just to fulll my curiosity, since the registration and participation is 100% free, and the prize fund is 100% real! Additionally, I was interested in the global competition and the large number of participants from all over the globe. I wanted to test their strength and see where I stood as a trader. The round lasted for 2 weeks. At rst I was not even in the top 20 of my division, as I had chosen rather cautious trading strategy, but in the second half of the week I had moved into the top ve. The most exciting and tense was the last day of the round when I was able to successfully close a couple of deals and take rst place! It was a feeling of triumph! I was pleased with my result and, more than that, I received a prize of $1000! Incredibly, without spending a dime, I managed to earn $1000! In just 2 weeks! Now I am waiting for the nal battle at the end of the year. Going with the sell, and hoping to win. I recommend all traders to try their hand at the international competition ForexBall. It's worth it!" Winners of all special rounds receive real cash prizes but do not go into the final round of the competition. We are glad to announce the winners and prizes of the Special Round of the ForexBall for Russia and Ukraine that ended on February 25th. More than 1025 traders from those two countries were competing independently on demo accounts. You can read more about this special round and all other rounds on the ForexBall website: www.forexball.com. material gain but also in support of their country, seeking to defend their native lands honor. Only participants from these two countries were admitted into the round with the rest of the contest conditions remaining the same. Participation was, as always, free with each trader receiving $5,000 in demo money. As usual, the winners received a real cash prize, credited to their live trading account with Admiral Markets, but, because this was a special round, the winners do not automatically qualify for the final round of the ForexBall competition. They must compete, and win, in the regular rounds to gain access to the final round. The tense struggle lasted for two weeks, from the 14th to the 25th of February. More than 1,025 traders competed for honor, country, and money. The total prize money was $2000, with 1st place receiving the lions share of $1,000, 2nd place $500, 3rd place $300, and bringing up the rear was 4th and 5th place both receiving $100.

NB!

ForexBall RussiaUkraine: one on one

In a special round called the "Gold Rush" round, only GOLD will be available for trading on the contestants demo accounts. In this round, contestants will not be

ebruary 2011 brought us a very special ForexBall round, Russia vs Ukraine. Anyone familiar with these two countries history or even modern relationships can appreciate the rivalry that this round re-ignited. This time, the participants were not only interested in

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ADMIRaL'S SUMMERaUTUMN 2011

The Elementary and Incomprehensible

ZuluTrade

With the ZuluTrade platform, a talented trader can quickly amass thousands of investors while the investors get the opportunity to meticulously put together their list of managers (traders) to manage their accounts.
to rank them according to their performance. With the advent of monitoring services which monitor the different trades from around the globe in all the different currencies it has become easier to rank each trader. Using these services, it is easy to compare the net earned capital, percentage yield, trader expectations, and hundreds of other parameters. From the beginning of these monitoring services, we, the spectators, have only been able to sit back and watch the triumph of the leaders and fall of yesterdays heroes in the financial arena that is the Forex market. However, the different ranking systems each used their own variables and one could argue the strengths and weaknesses of each system. In 2006, Leon Iohaymu had the brilliant idea of creating a shared public rating, which would bring the thousands of traders together, each looking for wealth and fame, under one ranking

system. It was a very simple, or as stated in the title, elementary idea. Enter: ZuluTrade. Any trader who has a trading account with a partner of ZuluTrade, such as Admiral Markets, can register on the ZuluTrade website and start to get ranked right away. It doesnt matter if you are using a real or demo account, the only important thing is to make your account part of the ZuluTrade system and it will start to rank you as a user based on your trading stats and the ranking algorithm created by ZuluTrade. All of this is quite common but next comes the magic. Here is where the investors get involved. Any investor who has an account with a partner of ZuluTrade (Admiral Markets for example) can connect their account to the ZuluTrade platform. After connecting your account, you can begin to choose from any of the ranked traders in the ZuluTrade system, connect them to your account, and let them trade for you! All transactions that the trader makes are simultaneously made on your trading account as well, all in real time. As a result of using the ZuluTrade platform, a talented trader can quickly amass thousands of investors and actually manage millions of dollars while the investors get the opportunity to meticulously put together their list of managers (traders) to manage their accounts.

keeps it all moving forward, the money. Let us take an example investor with an initial deposit of $10,000 on their trading account with Admiral Markets. Our investor then goes to ZuluTrade and takes a look at the different traders available and their rankings. Now comes the hard part, deciding which trader(s) our investor will trust to turn their $10,000 into the coveted million. At the time of writing, the highest ranked investor was customer AAA227510F with a 2339% annualized ratio of income. Recalling our high-school math class, we get: $10,000/100%*2339% = +$233,900 which is the result after the first year of investment,
$233,900/100%*2339% = +$5,470,921

which is the result after the second year of investment. Of course it is highly unlikely that the investor would continue to see such results two years straight. The investors account is overloaded with signals and with such a large volume of information. If the information overload does not slow down, this account is sure to tank via a virtually guaranteed StopOut. But this does not matter for the moment, as this investor is now viewed as a hero. Let us try again with a more moderate investor. At the time of writing, investor AVA114517F has three active traders managing their account with a 161% annualized return. With the help of excel we can see how, if this return is sustained, this investor can get into the millions:

"Currently ZuluTrade is partnered with nearly every major Forex broker in the world"

f you are seriously involved in the Forex market and want to earn your millions as a trader but are not familiar with Admiral. ZuluTrade or the company ZuluTrade Inc, then it is time to take a closer look. Well, I may have misspoke when using the phrase earn your millions. This is often a trite and deceptive advertising slogan instead of a fact although it can become a real situation for an aspiring trader. Lets start from the beginning.

he company ZuluTrade Inc was founded in 2006 and in only a few years they have achieved tremendous popularity among the Forex community with equally impressive financial results. Currently ZuluTrade is partnered with nearly every major Forex broker in the world. To paraphrase a famous Chinese proverb: if the broker is not among the partners of ZuluTrade, they do not exist. Since the inception of traders there has been various ways

ext up is the part that is the most important, the part that

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"Anyone can refer new investors to ZuluTrade and will then receive 0.4 to 1 pip from each transaction that is executed on the investors account"
% APR Start 1st year 2nd year 3rd year 4th year 5th year 161.00% $10 000.00 $26 100.00 $68 121.00 $177 795.81 $464 047.06 $1 211 162.84

where greed trumps common sense, which all traders must be wary of, but that is not the point of this article. The point is to show you the possibilities ZuluTrade brings to the table, and how you can use them wisely for your own personal gain. Ok, so let us now take a look at the traders, the people who make it all happen. Let us imagine just a single trader, trying to reach that million as well, striving for the dream house, the yacht, etc. Under the standard agreement with ZuluTrade Inc, the broker agrees to pay 2 pips from every trade that takes place on an account that is connected to ZuluTrade. For example, when 1 lot is traded, the amount that will go to ZuluTrade will be roughly $20, give or take $5 depending upon the currency pair being traded. Then, in turn, ZuluTrade will give 0.5 of the 2 pips taken to the signal provider (trader). Lets take a closer look at the signal providers income. zulumaster1 has 3,515 subscribers with a total balance of $9,582,063.96 which translates to a rough average of $2,700 per live account. Another signal provider, SystemsFX LIVE has 2,401 subscribers and $1,780,116.01 of capital, averaging out to be $741 per account. Here I wont go through every single signal providers stats but just wanted to give you a general idea. Next we will take a look at the economics of a signal providers income. Assuming that each trader (signal provider) makes an average of 3-4 trades per week, we can assume 14 transactions per month on an average of 3,000 accounts.

Then based on our quick look at the capital per subscriber, we can use an average balance of $1,000 on each investors account, giving us 0.1 lot which will be traded for each transaction. So, we do some simple math and get 14 transactions * 0.1 lot * 3000 subscribers * 0.5 pips * $10 as the price of 1 pip = $21,000 per month or $252,000 per year. Add into that the return from trading on their private accounts and you can see a quite comfortable living being made. Additionally, anyone can refer new investors to ZuluTrade and will then receive 0.4 to 1 pip from each transaction that is executed on the investors account. Pretty sweet deal! That is not all though. There is a reason that this article is titled The Elementary and Incomprehensible ZuluTrade. I will now attempt to explain the incomprehensible parts in general terms. The idea behind any trading system that is based on technical and statistical analysis is quite simple. Just select any indicator(s) to control the opening and closing of any position, add some capital and a capital management system, and youre ready! This is very close to how ZuluTrade functions with the traders themselves being the indicators. For example, you see that Trader1 trades very well during strong trends but stays quiet in the more turbulent times. On the contrary, you see that Trader2 rakes in the profit during the risky times. If you connect the two traders to your investor account, these two traders should give you a smooth and steady situation. Once you being to rummage around the trading history of the signal providers,

you will find hundreds of combinations that you could make, combining complimentary traders to assemble your ultimate trading arsenal. If you distribute your capital and volumes between them in an intelligent way, depending on the market, the profitability of your account can sometimes exceed the yield of one particular signal, greatly reducing risk. This works not only with just one instrument but can be used in combination with many different currency pairs or instruments to add in a level of diversity. As you can see the only limitation is the investors own imagination and a dash of experimentation. Thousands of traders, dozens of tools, and the ability to adjust the volume provides an incredible array of profitable combinations. You can even go as far as to find the worst traders, the ones who cannot ever seam to make a profit, add them to your account and instead of having it make the same trades, you can invert the trades so that every time they buy, you sell, giving you the profit! The ever changing trends, a highly volatile market, traders coming and going, trading systems becoming more advanced, it is easy to see that things change. For all the inherent simplicity in the ZuluTrade system, there is still a huge level of complexity. It would be nearly

impossible to fully comprehend all of its features from end to end. For those who have made it this far, I will give you a farewell bonus. Sadly, I cannot finish on the most hopeful of notes. If you have the impression that you will be able to join ZuluTrade, make a few successful trades, and have millions of dollars thrown at you then you might as well just send me your money. You would have lost either way. Money does not come so easily, you must make some tough decisions, seek the sweat and blood, and be prepared.

Thousands of traders, dozens of tools, and the ability to adjust the volume provides an incredible array of protable combinations
lot of experience with this category of people and believe me, there are only a few competent and properly trained ones among them all. Most of them do not understand the basic ideas of an investment. They will open an account and deposit $10,000, attach a trader that shows 60% per year, and then expect to be able to pay rent off a monthly $500 profit. What they end up doing is watching for month-to-month gains instead of the long term gains. Or, they will see a 3% loss of their deposit, get angry at their traders and go to new traders who will eventually end up doing the same. The investor will quickly run out of capital and be out of the game. After seeing this on a few occasions, one could easily write the book 1000 Tips to Destroy Yourself in the Shortest Time Possible. In general, the financial market is a dog-eat-dog world and will not tolerate laziness. Therefore, no matter how great the ZuluTrade platform is, the trader must be able to work smoothly and steadily, the investor must be able to control his nerves and risks, and they must both clearly understand that no good comes to a man in this world without hard work.

P.S.

As you can see, this investor can make a million in 5 years! Pretty great, huh? Obviously both the first and second examples are more an exception than a rule. If everyone could make such a return on their investment we would all be rich! Nevertheless, these are real accounts controlled by real people and to dismiss this fact would be silly. A general rule would be to try to initially get a 50% yield per year. The loss of $5,000$10,000 is a very sad event, but it is not fatal. Life may give a second chance where one can start with the same initial capital but with more knowledge, one of the most valuable things a person can have. Some people may even be able to inflate their accounts to an incredible sum and in one quick click of the mouse, lose it all. This is

To all who have read a book on trading, made a dozen or so successful trades, and then immediately thought of themselves as a trader: you should find a new profession. In this article I did cite a few examples of traders who have truly made it but their road was long and arduous. Hundreds of ideas and systems, thousands of tests, and years of continuous trading have separated them from the rest. Only continuously smooth, regular, and consistent trading will convince investors to believe and trust in you. The longer you stay on that path, the better you will look to potential investors and the more knowledge you will gain yourself as a trader. At the same time, the cautionary tales also hold true for investors. I have a

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ADMIRaL'S SUMMERaUTUMN 2011

Refer a Friend to Admiral Markets!

you now have the opportunity to invite all your friends to Admiral Markets! It's easy, fast and most importantly profitable! To send invitations to your friends, first enter your Traders' Room username (e-mail address) as well as your live trading account number. Then you can enter your friends names and e-mail addresses and we will send an invitation to them

Some Places That You Must Explore In Australia

ear traders, with the required information. Once your friend(s) follows the correct links and opens a real trading account, both you and your friend will receive a $20 deposit from Admiral Markets! If the referer and referee reside in different countries with different bonus levels and bonus collecting requirements, the newcomer will receive their bonus according to the referrer country settings.

or many dreaming of their vacations, Australia is often one of the places dreamt about. However, many of them probably have already been to the country a few times and have probably seen most of the more popular sights. Thus, one may wonder if there is anything more to see in the country. So the question remains, is there anything new to discover on this continent? Well, the truth is, there is a lot more. Australia is a huge country with many hidden treasures and unexplored areas. If you are still looking for that gem,

here are a few suggestions that I personally suggest you try out. The Kakadu National Park in the Northern Territory is an amazing place for any budding explorer to start their journey. It would be nearly impossible for a single person to explore the entire park as it is the same size as the entire country of Solvenia! With such vastness there are more things to discover than could be counted. Each section of the park varies from the next with ever changing landscapes, climate, and wildlife.

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In the neighboring state of Queensland, the Daintree Rainforest is another excellent place to visit for those looking for something a little different. As you enter the rainforest, you will get a feeling of traveling back to the Jurassic period, which would be perfectly natural since this particular forest has remained virtually unchanged for over one hundred fifty million years! To top it off, as you emerge from the rainforest on the eastern side, you will be greeted by the crystal clear waters of Cape Tribulation, a relaxing sight indeed! An old classic, the Great Ocean Road in Victoria, located in the south-eastern area of Australia, is truly spectacular. Although this road is already frequented by many travelers and tourists, this should not put you off as it really is a beautiful road to travel. One of the most popular stops along the way is the Twelve Apostles, a group of twenty free standing limestone formations which are something to marvel at.

As your trip is winding down, a good final stop off the beaten path would be the Ningaloo Reef in Western Australia. This is a must see if you are interested in the varied and exciting marine life found all around Australia. Here you will be able to encounter some of the gentle giants such as whale sharks, manta rays, and much more. Since this reef is well off of most tourists to-do list, you will be able to explore some truly pristine areas.

Of course there is more to explore in Australia and we hope that you would be able to find something that suits your tastes. So what are you waiting for? Pack your bags and get exploring!

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