The Day Trade Forex System:

The ULTIMATE Step-By-Step Guide to On ine !urren"y Tradin#

$%o& 'ou !an Earn ()* to ()** A Day !urren"y Tradin# From The !om+ort o+ 'our O&n %ome,By Ero Bortu"ene and !ynthia Ma"y

.IS/S DIS!LAIME.
Erol Bortucene/Cynthia Macy, Owners of DayTradeForex.com and any of their affiliates, will not be held res onsible for the reliability or accuracy of the information a!ailable in this document. The "ontent pro0ided is put +or&ard in #ood +aith and 1e ie0ed to 1e a""urate2 ho&e0er2 there are no exp i"it or imp i"it &arranties o+ a""ura"y or #uarantees that the readers o+ this "ourse &i ma3e pro+its tradin# !urren"ies4 The reader a#rees not to ho d Ero Bortu"ene or !ynthia Ma"y2 or any o+ its a++i iates2 ia1 e +or de"isions that are 1ased on in+ormation +rom The Day Trade Forex System4 Mar"ined Currency Tradin" is an extremely ris#y form of in!estment and is only suitable for indi!iduals and institutions ca able of handlin" the otential losses it entails. The funds in an account that is tradin" at maximum le!era"e may be com letely lost if the osition$s% held in the account ex eriences one ercent swin" in !alue. &i!en the ossibility of losin" one's entire in!estment, s eculation in the forei"n exchan"e mar#et should only be conducted with ris# ca ital funds that, if lost, will not si"nificantly affect the in!estor(s financial well)bein". There is no "uarantee that readers of this document or our websites will ma#e money. *eaders use the information and lin#s entirely at their own ris#. Erol Bortucene/Cynthia Macy owners of DayTradeForex.com do not acce t any liability in res ect of any loss or dama"e arisin" from or in connection with any use of the information on or accessed throu"h this document or our com any websites. +ll intellectual ro erty ri"hts in this re ort remain the ro erty of DayTradeForex.com , -..-, -../ Co yri"ht DayTradeForex.com

5 6**7 !opyri#ht DayTradeForex4"om A .i#hts .eser0ed4 8o 9art o+ this pu1 i"ation may 1e reprodu"ed or transmitted in any +orm or 1y any means2 e e"troni"2 me"hani"a 2 re"ordin# or other&ise &ithout the prior permission o+ DayTradeForex4"om

The Day Trade Forex System:

The ULTIMATE Step-By-Step Guide to On ine !urren"y Tradin#
$%o& 'ou !an Earn ()* to ()** A Day !urren"y Tradin# From The !om+ort o+ 'our O&n %ome,-

Did you #now that more and more business o ortunity see#ers worldwide are disco!erin" the po&er+u pro+it potentia of Forei"n Exchan"e tradin"0 1n this business, there are no em loyees to hire, no ad!ertisin", no roducts to stoc#, no downlines to fill))2ust you, an 1nternet connection and a com uter. That's all you need to ma#e money on the worlds lar"est mar#et. 1f you are searchin" for an alternati!e to more traditional home)based business o ortunities, then Forex tradin" may be what you(!e been loo#in" for. Our ur ose is to em ower, mentor and train currency traders all around the world who would li#e to Day Trade Forex as their main source of income. For those loo#in" for a si"nificant art)time income, we belie!e Currency Tradin" is the !ehicle to use. Our aim is to assist you to3 1. 2. 3. 4. 4tay Dis"ip ined5To learn how to mana"e ris# effecti!ely. 6ee O1:e"ti0e5To trade in a non)emotional, intelli"ent way. Trade with !on+iden"e5To #now exactly when to trade. Become Systemati"5To "enerate your own Forex buy/sell si"nals.

The "oal is to earn ()* to ()** per trade and minimi7e losses on losin" trades usin" technical indicators on charts, which 1 will ex lain later on in this course. The otential to rofit is there for those who trade this system. The "reat thin" about Forex tradin" is that you can test this system for F*EE on a demo account usin" !irtual money, before you ris# one enny on actual trades. 8ou will be able to 2oin my team of traders as you ad!ance ste )by)ste throu"h this "uide. 9e will be"in by ex lainin" what Forex is and all the benefits of tradin" currencies

;%AT IS FO.E< The Forei"n Exchan"e, also referred to as the :Forex: or :4 ot F;: mar#et, is the lar"est financial mar#et in the world, with o!er <=.- trillion chan"in" hands e!ery sin"le day. 1f you com are that to the <-> billion a day !olume that the ?ew 8or# 4toc# Exchan"e trades, you see how "iant the Forei"n Exchan"e really is. 1n fact it is three times lar"er than all of the @4 EAuity and Treasury mar#ets combinedB 9hat is traded on the Forei"n Exchan"e0 The answer is money. Forex tradin" is where the currency of one nation is traded for that of another. Therefore, Forex tradin" is always traded in airs. The most commonly traded currency airs are traded a"ainst the @4 Dollar $@4D%. They are called Cthe Ma2ors'. The ma2or currency airs are the Euro Dollar $E@*/@4D%D the British Eound $&BE/@4D%D the Fa anese 8en $@4D/FE8%D and the 4wiss Franc $@4D/CGF%. The notable Ccommodity( currency airs that trade are the Canadian Dollar $@4D/C+D% and the +ustralian Dollar +@D/@4D. Because there is not a central exchan"e for the Forex mar#et, these airs and their crosses are traded o!er the tele hone and online throu"h a "lobal networ# of ban#s, multinational cor orations, im orters and ex orters, bro#ers and currency traders. Traditionally, currency tradin" has been a ' rofessionals only' mar#et a!ailable exclusi!ely to ban#s and lar"e institutions, howe!er, because of the rise of the new E)economy, online Forex tradin" firms are now able to offer tradin" accounts to 'retail' traders li#e you and 1. ?ow almost anyone with a com uter and an 1nternet connection can trade currencies 2ust li#e the world's lar"est ban#s do. There are now o!er H million tradin" accounts worldwide u from =.I million in =JJI.

BE8EFITS OF FO.E< T.ADI8G There are many benefits and ad!anta"es to tradin" Forex. Gere are 2ust a few reasons why so many eo le are choosin" this mar#et as a business o ortunity3 =4LE>E.AGE: 1n Forex tradin", a small mar"in de osit can control a much lar"er total contract !alue. Ke!era"e "i!es the trader the ability to ma#e extraordinary rofits and at the same time #ee ris# ca ital to a minimum. 4ome Forex firms offer -.. to = le!era"e, which means that a <>. dollar mar"in de osit would enable a trader to buy or sell <=.,... worth of currencies. 4imilarly, with <>.. dollars, one could trade with <=..,... dollars and so on. 64LI?UIDIT': Because the Forex Mar#et is so lar"e, it is also extremely liAuid. This means that with a clic# of a mouse you can instantaneously buy and sell at 3

will. 8ou are ne!er 'stuc#' in a trade. 8ou can e!en set the online tradin" latform to automatically close your osition at your desired rofit le!el $limit order%, and/or close a trade if a trade is "oin" a"ainst you $sto order%. 749.OFIT I8 BOT% @.ISI8G@ A8D @FALLI8G@ MA./ETS: On the stoc# mar#ets, you can only ma#e money if shares are risin", but in economic recession and fallin" 'bear' mar#ets, there is little chance of ma#in" bi" money. Forex is different. One of the most excitin" ad!anta"es of F; tradin" is the ability to "enerate rofits whether a currency air is 'u ' or 'down'. + trader can rofit by ta#in" a 'lon"' osition, $buyin" the currency air at one rice and sellin" it later at a hi"her rice%, or a 'short' osition, $sellin" the currency air and buyin" it bac# at a lower rice%. For exam le, if you thin# the @4 dollar will increase in !alue !s. the Fa anese 8en then you will buy Dollars and sell 8en $"o lon"%. 1f you thin# the 8en will increase in !alue a"ainst the Dollar then you will sell Dollars and buy yen $"o short%. +s lon" as the trader ic#s the ri"ht direction, a otential for rofit always exists. A4 6A%.S: From 4unday e!enin" to Friday +fternoon E4T the Forex mar#et ne!er slee s. This is !ery desirable for those who want to trade on a art)time basis, because you can choose when you want to trade))mornin", noon or ni"ht. )4 F.EE @DEMO@ A!!OU8TS2 8E;S2 !%A.TS A8D A8AL'SIS: Most Online Forex firms offer free 'Demo' accounts to ractice tradin", alon" with brea#in" Forex news and chartin" ser!ices. These are !ery !aluable resources for traders who would li#e to hone their tradin" s#ills with '!irtual' money before o enin" a li!e tradin" account. B4@MI8I@ T.ADI8G: One mi"ht thin# that "ettin" started as a currency trader would cost a lot of money. The fact is, it doesn't. Online Forex Firms now offer 'mini' tradin" accounts with a minimum account de osit of only <-..)<>.. with no commission tradin". This ma#es Forex much more accessible to the a!era"e indi!idual, without lar"e, start)u ca ital.

The Day Trade Forex System Foundations:

Before we be"in loo#in" at the s ecifics of the FE4 and how it wor#s, let(s loo# at L buildin" bloc#s that 1 belie!e to be foundations to the Forex Erofit 4ystem.

Foundation C=: !urren"y Tradin# is not a Get-.i"h?ui"3 S"heme4

!urren"y tradin# is a S/ILL that ta3es TIME to earn4 4#illed Traders can and do ma#e money in this field, howe!er li#e any other occu ation or career, success doesn(t 2ust ha en o!erni"ht. Gere is a "reat Cformula( for success3 9ra"ti"e D 9atien"e D 9ersisten"e E 9ro+its +s they say, there is no substitute for hard wor# and dili"ence. Eractice tradin" on a demo account and retend the !irtual money is your own real money. Do not open a i0e tradin# a""ount unti you are pro+ita1 e tradin# on a demo a""ount4 4tic# to the lan and you can be successful.

Foundation C6: I hi#h y re"ommend that you +o o& = or may1e 6 ma:or "urren"y pairs4

1t "ets far too com licated to #ee tabs on all four. 1 also recommend that traders choose one of the ma2ors because the s read is the best and they are the most liAuid. The Euro/@4D is the most commonly traded air and usually has the best Cs read( because of its liAuidity. The @4D/4wiss Franc is usually the most !olatile and mo!es the most durin" the tradin" wee#. The @4D/8en mo!es a lot on the news out of Fa an and normally the Eound 4terlin"/@4D is more stable in it(s mo!es than the other three.

Foundation C7: Fo o& and understand the dai y Forex 8e&s and Ana ysis o+ the pro+essiona "urren"y ana ysts4

E!en thou"h this system is based solely on technical analysis of charts, it is im ortant to "et a birds)eye !iew of the currency mar#ets and the news that affects the rices. 1t is also im ortant that you #now and understand what the #ey technical Csu ort( and Cresistance( le!els are in the currency air that you want to trade. 4u ort is a redicted le!el to buy $where currency air should mo!e u on the charts%, resistance is a redicted le!el to sell $where the currency air should mo!e down on the charts%. Fortunately, all the best Forex news and analysis is offered free on the 1nternet. Gere is what you should do first3 *While you are reading the daily news and technical analysis, write down on a piece of paper what direction the analysts are saying about the major currency pair you are following and the key support and resistance levels for the day. A. &o to www.forexnews.com and you will find -Lhr news and analysis on the s ot F; mar#ets. The site will "i!e you the bi" icture of how the economic calendar and central ban#s affect the currency mar#ets. + "reat resource. B. Then "o to www.fxstreet.com and clic# on the CTo Forex *e orts(. Gere there is a wonderful listin" of all the ma2or daily currency analysis and forecasts with su ort and resistance and direction forecasts. C. Clic# on www.currency ro.com and "o to CToday(s Mar#et *esearch( and there you will find more excellent analysis on the Ma2or Currency airs. +nother "reat Forex Eortal.

Foundation CA: Learn ho& to use the te"hni"a indi"ators in this "ourse and a &ays trade &ith stop osses,

1t is worth your time to be atient and learn how to use the technical indicators on the charts that you will be readin" about shortly.

1t is im ortant when you are tradin" Forex, to be disci lined and to stic# to a lan. Don(t 2ust trade your C"ut( feelin". @se the technical indicators outlined and always enter in sto losses on e!ery trade. *emember that e!eryone who trades has a different tolerance for losses. De endin" on your ris# ca ital, and strate"y, set your sto losses accordin"ly.

The Day Trade Forex System: Six Steps to Su""ess

The "oal of this "uide is to instruct and teach otential traders how to day trade the currency mar#ets. The ob2ecti!e of day tradin" is to trade the intra day mar#et mo!es to try to "ain small to medium si7ed rofits in any "i!en tradin" day. This is how this "uide will hel . Most readers will not ha!e the time or resources to C osition trade( li#e the ma2or institutions and ban#s do. They tend to loo# at the bi" icture holdin" onto trades for wee#s or months. The Forex 9ro+it System is spe"i+i"a y desi#ned +or use &ith the =2 ) or =* minute "harts2 &ith the #oa o+ ta3in# )-6* pip pro+its per tradeF" osin# 1ad trades out usin# ti#ht stops2 or hed#in# any osin# trades4 The +o o&in# steps &i sho& you ho& to do this4

Step =4 !hoose an on ine Forex Firm

9hat to loo# for in an online Forex Firm3 =. Kow 4 reads. 1n Forex Tradin" the Cs read( is the difference between the buy and sell rice of any "i!en currency air. The lower the s read sa!es the trader money. Most firms offer L)> i s reads in the Ma2or Currency airs. The best firms offer clients /)> i s. -. Kow minimum account o enin"s. For those that are new to tradin", and for those that don(t ha!e thousands of dollars in ris# ca ital to trade, bein" able to o en a mini tradin" account with only <-.. is a "reat feature for new traders. /. 1nstant automatic execution of your orders. This is !ery im ortant when choosin" a Forex firm. 8ou want instant execution of your orders and the rice you see and Cclic#( is the rice that you should "et. Don(t settle with a firm that re)Auotes you when you clic# on a rice or a firm that allows for rice Csli a"e(. This is !ery im ortant when tradin" for small rofits.

L. Free chartin" and technical analysis 8ou need a firm that "i!es you access to the best chartin" and technical analysis a!ailable to acti!e traders. The firm that 1 recommend "i!es clients F*EE rofessional chartin" ser!ices and e!en allows traders to trade directly on the chartsB >. Gi"h Ke!era"e 8ou want hi"h le!era"e5the ability to trade a lar"e amount with a small mar"in de osit. 4ome of the best firms offer .->M or L..3= le!era"e. H. Ged"in" Ca ability 8ou want the flexibility of o enin" ositions on the same currency air in o osite directions without them eliminatin" each other and without mar"in increaseB Gere is a list of some of the main Forex tradin" Firms on the 1nternet. +fter a lot of research and ersonal ex erience, the firm that 1 recommend with the abo!e) mentioned benefits is Ca ital Mar#ets 4er!ices KKC $CM4 Forex KKC%. 8ou can research the rest of the firms listed to see for yourself. NNCM4 Forex www.cms)forex.com +CM +d!anced Currency Mar#ets Fairlot Financial &rou Forex Ca ital Mar#ets &+1? Ca ital &C1 Financial, Ktd. &lobal Forex 1F; Mar#ets Kimited Kondon Ca ital Meridian Forex Ety Kimited M& Financial &rou 4axoBan# Tricom

Step 64 Open a G>isua Tradin#H Demo A""ount

The first ste to tradin" the currency mar#ets is to o en a demo account. 1t is im ortant that you learn how to buy and sell the currency airs, set sto losses, set rofit limits, and understand how le!era"ed mar"in wor#s when you trade. 1 found the best way to learn this is by ex erience. To set u your F*EE chartin" from CM4, sim ly "o to their website and o en a COisual Tradin"( Free demo account. The chartin" ac#a"e in this demo account ri!als, any Forex Erofessional chartin" ser!ice and you will be able to set u the technical indicators that will aid you in your tradin" decisions. A. &o to htt 3//www.cms)forex.com and clic# on the C4i"n @ ( tab and scroll down to Oisual Tradin" Demo. O en u a free demo account and you will "et your lo" in information sent to your email address.

B. ?ow "o to the C4u ort( Tab and scroll down to COisual Tradin" Manual(. This manual will show you how the tradin" latform wor#s. 'ou &i need to read this 1e+ore pro"eedin#. The better you #now your way around this latform, the easier the next ste s will be.

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Step 7: Set up your "harts:

+. One the left hand side of screen you will be able to choose your chart. Choose E@*/@4D $or whate!er currency air you li#e% , > min, line and the chart will a ear on the ri"ht hand side. Maximi7e the chart to fill the ri"ht hand side.

8our chart should now loo# somethin" li#e this3

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?ow if you want to ma#e the rice line dar#er, you can ri"ht clic# ri"ht on the rice line and a ro erties box will a ear. 8ou can ad2ust the thic#ness of the line. 1n this exam le the rice line width is set it to -.

B. Before we add our studies to our charts, 1 would li#e you to "o to the followin" lin#s. *ead how to trade the Earabolic 4+* here3 www.incrediblecharts.com/technical/ arabolicPsar.htm *ead about how to trade mo!in" a!era"e crosso!ers here3 www.incrediblecharts.com/technical/mo!in"Pa!era"esPthree.htm *ead about how to trade Bollin"er Bands here3 www.incrediblecharts.com/technical/bollin"erPbands.htm N9e will be "i!in" exam les of how to a tradin" Forex. ly these studies to day

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C. ?ow we will add the Mo!in" +!era"es to the chart. 9e will be usin" the Ex onential Mo!in" +!era"e =., the Bollin"er Band Ex onential 4et at -., and the Ex onential Mo!in" +!era"e >.. Clic# on Mo0in# A0era#e on the left hand side under 4tudies. 4et your first M+ to =*, close, ex onential and you can ma#e it red with line width - under the Color/4tyle Tab. Clic# on Mo0in# A0era#e a"ain and add your M+ )*, close, ex onential and ma#e this line 1 ue with line width -. Gere is a shot of the Mo!in" +!era"e Ero erties window3

D. ?ow "o to the studies on the left hand side of your screen 4elect Bo in#er Bands and set them to -.,-, close ex onential. Ma#e the middle band "reen, line width -. E. +dd 9ara1o i" SA. to your chart by selectin" it on the left and use the default settin"s. Ma#e the dots dar#er, by selectin" line width -.

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8our chart should now loo# li#e this3

8ou can 7oom in and out of your chart usin" the small buttons in the bottom ri"ht hand side of your screen. %o& To !han#e the !urren"y 9air and Time Frame3 On the bottom of your chart, you can chan"e the currency air and ri"ht beside it, if you clic# on the button that says M> you can chan"e the time frame of the chart. The studies will automatically be added to any new time frame and currency air that you select. %o& to Exit the >T 9 at+orm 9roper y: To exit the OT latform, clic# on F1KE and then E;1T. The studies that you added to your chart will automatically be u the next time that you lo" in to your account. Elease note that if you clic# x on the to left hand corner of your chart you will close the chart and reset your settin"s that you added. 1f you want to #ee your studies and charts intact you can minimi7e it or 2ust lea!e always #ee it o en to #ee your settin"s sa!ed.

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F. ?ow we will add 7 more indicators below the chart to hel us "on+irm the trend, and to hel us identify exact entry and exit buy or sell si"nals. The followin" indicators "i!e us insi"ht into the momentum, direction and o!erbou"ht/sold indicators. @sed alon" with the Ex onential Mo!in" +!era"es, Earabolic 4+* and Bollin"er Bands5these indicators can be !ery hel ful to the day trader. MA!D %isto#ram4 *ead about how to trade the M+CD Gisto"ram here3 htt 3//www.incrediblecharts.com/technical/macdPhisto"ram.htm .e ati0e Stren#th Index I.SIJ *ead about how to trade the *41 here3 htt 3//www.incrediblecharts.com/technical/relati!ePstren"thPindex.htm S o& Sto"hasti" *ead about how to trade the 4low 4tochastic here3 htt 3//www.incrediblecharts.com/technical/slowPstochastic.htm ?ow add these studies to your charts. @nder 4tudies clic# on MA!D %isto#ram and use the default settin"s $J,Ex onential, =-, -H, Close, Ex onential% and set the line width to -. 8our study will automatically o en under your chart. @nder 4tudies clic# on .e ati0e Stren#th Index and set it to =L and set the line width to -. 8our study will automatically o en under your chart. @nder 4tudies clic# on S o& Sto"hasti" and set it to $>,/,/, Ex onential% and ma#e the M6 line blue with line width -, and the MD line red with line width -.

8our chart, with all the studies on it should now loo# li#e this $exam le of @4D/C+D =. min chart%3 ?otice that 1 clic#ed on the 7oom in button a cou le of times on the bottom ri"ht hand corner to "et it to loo# li#e this.

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Step A: %o& to Buy and Se the !urren"y 9airs

?ow that our charts are set u , let(s learn GO9 to o en and close a osition, or buy and sell on the OT latform. +fter we learn GO9, we can loo# at 9GE? to enter/exit a trade usin" the technical indicators. KK9 ease note that this in+ormation is in the >isua Tradin# Manua that you shou d ha0e a ready read4 A. 4im ly mo!e your cursor to the chart and ri"ht clic#. + menu will o u and at the to it will say 1uy with the current exchan"e rate to buy and se with the current exchan"e rate to sell. 8ou should Buy if you thin# the rice line will "o u on your chart or sell when you thin# the rate will dro

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on the chart. Clic# on buy or sell and an CO en Eositions( window will o u that loo#s li#e this3

B. 1n the +mount er +cct3 box you ut in how many lots you will trade5= lot is =..,... currency units. Tradin" with = lot E@*/@4D is <=. rofit/loss er i Tradin" with = lot &BE/@4D is <=. rofit/loss er i Tradin" with = lot @4D/FE8 is <Q rofit/loss er i Tradin" with = lot @4D/CGF is <H rofit/loss er i Tradin" with - lots doubles the rofit/loss ossibility. Tradin" with .> of a lot hal!es the rofit/loss ossibility. 9ith the CM4 uni!ersal account you can trade full or artial lots from this window. 1f you ut in .= of a lot your rofit/loss would be <= in the E@*/@4D etcR C. The trade that you 2ust made will now show u directly on the chart. 1f you ri"ht clic# your o en osition on the chart you can choose to add a 4to rice and a Kimit rice, or you can hed"e your osition5which we will loo# at later on. Stop Order3 1s a rice you enter into an o en osition, where the tradin" latform automatically closes your osition when the Exchan"e rate touches that le!el. 1f you are in a winnin" trade, you can mo!e your sto u or down

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to rotect rofits. 1f the exchan"e rate ne!er hits that le!el, then the Order doesn(t "et filled. NNtip3 1f you are in a winnin" trade, you can mo!e your sto to your entry le!el, so that if your trade mo!es a"ainst you, the latform closes your osition without any losses. KKtip3 8ou should be comfortable settin" your sto Order at =>)-. i s. 1f you can(t handle a =>)-. i loss, then you are need to trade smaller amounts. This will hel you from o!er le!era"in" your tradin" account. Limit Order3 1s a rice you enter into an o en osition for the tradin" latform to automatically close your osition at a rofit. For exam le, you mi"ht set your limit order at a => i rofit. 1f the exchan"e rate ne!er hits that le!el, then the Order doesn(t "et filled.

Step ): ;hen to Enter and Exit 'our Trades:

9e will be loo#in" at / different ways to day trade the Forex Mar#ets. 1n a tradin" session, you may loo# for = or more of these a roaches. The / techniAues are as follows3 =. Trade the Brea#out -. Trade the Trend /. Tradin" To s and Bottoms Before we loo# at these tradin" a as#ed by new traders. ;hen is the 1est time to tradeL Because the Forex Mar#et is o en -Lhrs a day, and traded on a "lobal scale, the Auestion to as# is, Cwhen should 1 trade0(. The "ood news is that no matter what time 7one or hemis here you li!e in "lobally, there are always "ood o ortunities to trade. The three ma2or tradin" Csessions( are as follows $all in Eastern 4tandard Time%3 =. ?ew 8or# o en Q3.. +M to L3.. EM -. Fa anese/+ustralian o en I3.. EM to /3.. +M /. Kondon o en /3.. +M to Q3.. +M KKO+ten2 the 1est times to trade is at the 1e#innin# 7-) hours o+ the a1o0e mentioned openin# times2 1e"ause the ma:or "urren"y pairs tend to mo0e the most in a parti"u ar dire"tion4 roaches, let(s answer a Auestion that is often

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The first DayTradeForex.com tradin" techniAue we will loo# at is the easiest to reco"ni7e on the charts. 9e will call it CTrade the Brea#out(. 8ou can use the >, =. or => minute charts for this method. The indicators on the > minute charts are the fastest. Eractice until you feel comfortable with the time frame that suits you best. =4 Trade the Brea3out The rinci le behind tradin" the brea#out is to enter a trade when the rice Cbrea#s out( of a ti"ht ran"e, because often it tends to #ee mo!in" in the same direction. 9e use our Bollin"er Bands on our charts to s ot this tradin" o ortunity. 4ee screenshot on next a"e.

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1n the abo!e exam le, E@*/@4D > min chart, notice how the Bollin"er Bands ti"hten and sAuee7e to"ether. 9hen this ha ens you #now that there is a Brea#out comin". +s soon as the exchan"e rate line $brown%, brea#s out of the outside Bollin"er Bands, it si"nals your entry buy/sell. 1n this case if you bou"ht E@*/@4D at =.=Q=> and Closed your osition at =.=QL. , you could ha!e made a fast -> i rofit. ?otice the confirmin" indicators3 The exchan"e rate line $brown% is a1o0e the EM+ =. $red%, the middle BB line $"reen% and the EM+ >. blue. The Earabolic 4+* dots are on the 1ottom. The M+CD Gisto"ram is a1o0e * si"nalin" u ward momentum. The *41 is a1o0e )* si"nalin" up&ard momentum, and the 4low 4tochastic blue line is a1o0e the red line si"nalin" 1u ish momentum.

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Gere is an exam le of E@*/@4D > minute brea#out 4EKK. 8ou could ha!e sold the E@*/@4D at =.=LL. and closed your osition at =.=/J. for a >. i rofit. ?otice the confirmin" indicators3 The exchan"e rate line is 1e o& the EM+ =. $red%, the middle BB line $"reen% and the EM+ >. blue. The Earabolic 4+* dots are on the top. The M+CD Gisto"ram is 1e o& * si"nalin" downward momentum. The *41 is 1e o& )* si"nalin" downward momentum, and the 4low 4tochastic blue line is 1e o& the red line si"nalin" 1earish momentum.

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Gere is an exam le of @4D/C+D =. min chart. 1f you bou"ht this currency air at =./>J. when it bro#e out of the bands and sold it at =./H-. you could ha!e made a roximately /. i s. The exchan"e rate line $brown% is a1o0e the EM+ =. $red%, the middle BB line $"reen% and the EM+ >. blue. The Earabolic 4+* dots are on the 1ottom. The M+CD Gisto"ram is a1o0e * si"nalin" u ward momentum. The *41 is a1o0e )* si"nalin" up&ard momentum, and the 4low 4tochastic blue line is a1o0e the red line si"nalin" 1u ish momentum.

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Gere is a @4D/CGF > min chart exam le of a brea#out 4EKK. ?otice how the M+CD Gisto"ram went from ositi!e to ne"ati!e, and how the other confirmin" indicators si"naled 4EKK. The exchan"e rate line is 1e o& the EM+ =. $red%, the middle BB line $"reen% and the EM+ >. blue. The Earabolic 4+* dots are on the top. The M+CD Gisto"ram is 1e o& * si"nalin" downward momentum. The *41 is 1e o& )* si"nalin" downward momentum, and the 4low 4tochastic blue line is 1e o& the red line si"nalin" 1earish momentum.

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Gere was an extreme brea#out E@*/@4D B@8 where you could ha!e held on for a =.. i mornin"B +"ain, The exchan"e rate line $brown% is a1o0e the EM+ =. $red%, the middle BB line $"reen% and the EM+ >. blue. The Earabolic 4+* dots are on the 1ottom. The M+CD Gisto"ram is a1o0e * si"nalin" u ward momentum. The *41 is a1o0e )* si"nalin" up&ard momentum, and the 4low 4tochastic blue line is a1o0e the red line si"nalin" 1u ish momentum.

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The second DayTradeForex.com tradin" techniAue uses the same rinci les, but is less extreme. This tradin" method is best traded on the > or =. min charts, but can be a lied to the = minute charts $4ee the Bonus $Mi"ro Tradin#strate"y at the end of this tradin" course% 64 Trade the Trend Tradin" the trend is 2ust li#e tradin" the brea#out, exce t in less !olatile mar#et conditions. 4tart with "oin" to the => minute chart of the currency air of your choice and as# yourself this Auestion3 C1s the exchan"e rate line $brown% abo!e or below the EM+ >. $blue%0 NN1f the rice line is currently 1e o& the EM+ >., and the EM+ =. and BB -. are also 1e o& the EM+ >., then you will be loo#in" at Se in# o ortunities in the tradin" session. 1f the rice line is currently a1o0e the EM+ >., and the EM+ =. and BB -. are a1o0e the EM+ >., then you will be loo#in" at 1uyin# o ortunities in the tradin" session. Often, when you are Ctradin" the trend(, you will notice that the rice line will bounce off the EM+ =. or the middle BB line or the EM+ >.. These lines sometimes act as su orts and resistances in a tradin" session. Therefore you can loo# to se shorts when the rice line bounces do&n off the EM+ =., BB -. or EM+ >., or 1uy on#s when the rice line bounces up off the EM+ =. BB -. or EM+ >.. 9hen you trade the trend, it is im ortant to trade with the Earabolic 4+*, M+CD, *41 and 4low 4tochastic all si"nalin" to"ether.

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The abo!e exam le is a > minute E@*/@4D chart. The first thin" to loo# for is the EM+ >. blue line. ?otice that it has been a1o0e the rice line and the EM+ =. and BB -.. 8ou will now be loo#in" to SELL4 ?otice how the rice line bounced do&n off of the EM+ =. and BB -. ri"ht before 1 circled the chart. ?ow loo# at your other indicators3 The M+CD Gisto"ram turned do&n 1e o& Mero, *41 turned do&n 1e o& )* and 4low 4tochastic 1 ue ine turned do&n under the red ine. This would ha!e been a "ood si"nal to Se Short5you could ha!e rofited at least -. i s on this trade.

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The abo!e exam le is a =. minute E@*/@4D chart. The first thin" to loo# for is the EM+ >. blue line. ?otice that it has been 1e o& the rice line and the EM+ =. and BB -.. 8ou will now be loo#in" to BU'4 ?otice how the rice line crossed down throu"h the EM+ lines rior to the circles. This would ha!e been a false si"nal to sell because the EM+ =. and BB -. were abo!e the EM+ >.. 1f you were loo#in" at buyin" o ortunities then you could ha!e entered when the rice continued to rise where 1 circled on the chart. ?ow loo# at your other indicators3 The M+CD Gisto"ram turned up a1o0e Mero, *41 turned up a1o0e )* and 4low 4tochastic 1 ue ine turned up a1o0e the red ine. This would ha!e been a "ood si"nal to Buy on#5you could ha!e rofited at least /. i s on this trade.

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Gere is an exam le of antici atin" the trend. The mar#et, re!iously re2ected the brea#out rise in rice and turned the other way shar ly. 1f you entered this trade when the M+CD Gisto"ram turned down into ne"ati!e territory and the *41 mo!ed below >., you could ha!e antici ated the trend before the EM+ =. and the BB -. mo!ed below the EM+ >..

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The third DayTradeForex.com tradin" strate"y that we are "oin" to loo# at in this "uide is3 74 Tradin# Tops and Bottoms Tradin" to s and bottoms can be more ris#y that the other two strate"ies because you are tradin" a#ainst the trend antici atin" the mar#et is o!erbou"ht/o!ersold and mi"ht turn in the other direction. 1t is best to use the =. or => minute charts for this method. 1t is more ris#y usin" the > min charts, but you still can a ly the same techniAues.

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Gere is an exam le of a E@*/@4D =>min chart, bottom buy. ?otice how the M+CD histo"ram is startin" to rise, and the *41 is turnin" up +rom 1ein# o0erso d and the slow stochastic blue line crossed the red line and is turnin# up +rom o0erso d.

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Gere is a > minute chart exam le with E@*/@4D. ?otice the M+CD, *41 and 4low 4tochastic mo0e up from o!ersold at Q3/.. +t =.3/. you could ha!e so d short for a small rofit. Tradin" to s and bottoms is best in ran"in" mar#ets.

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Gere is an exam le of a brea#out 4EKK and a Bottom B@8 in a tradin" session watchin" the @4D/FE8 =. minute charts. This bottom B@8 is a "reat exam le of o!ersold indicators with *41 and with 4low 4tochastic. ;hen to E<IT trades The "oal of this day tradin" "uide is to teach traders to ta#e >)-. i rofits at a time. 8ou can set rofit K1M1T orders to achie!e this, or you may want to mo!e your sto s as your osition becomes more and more rofitable. NNMa#e sure that you don(t let a winnin" trade become a losin" one, by usin" trailin" sto orders.

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%o& to use %EDGI8G to your ad0anta#e Ged"in" can be a useful tool to the Forex trader. 9hen you ha!e an o en osition, for exam le, you are lon" on a @4D/FE8 trade and you ri"ht clic# your trade on the OT latform, a menu will o u and you ha!e a choice to %ed#e your trade. 1f you clic# Ged"e, you &i automati"a y open up a position in the opposite dire"tion at the "urrent mar3et pri"e &ithout "an"e in# out your other position and &ithout mar#in in"rease,. 1n the abo!e exam le you would now ha!e a @4D/FE8 trade lon" and short. 8ou will now neither "ain or lose any eAuity in your account because the "ains and the losses will cancel each other out. %ed#e in an emer#en"y: Ged"in" a losin" trade won(t sol!e your roblems, but it will =. 6ee you from more losses -. &i!e you time to thin# about what ha ened to your bad trade and /.&i!e you a second chance. 4ome traders will hed"e losin" trades instead of sto in" out there osition, because they ha!e a chance to win bac# the losses of the ori"inal bad trade. Exam le3 8ou are loo#in" to CTrade the Trend( so you "o lon" on the E@*/@4D, usin" the indicators in this "uide. The indicators si"naled B@8 so you o ened u a osition. 1n case of a bad trade, you choose to hed"e instead of usin" a sto loss $be careful when doin" this%. 8our CTrade the Trend( indicators didn(t wor# and your osition "oes a"ainst you, you hed"e your trade. ?ow you ha!e a losin" osition and a winnin" osition "oin" in the o osite directions. 8ou didn(t use u any more mar"in. 9hat do you do now0 My recommendation3 9hen your osition is hed"ed, you are safe and you won(t lose any more money in your account. Gere is what you should do3 =. 9ait until another chart set u occurs and roceed to ste L. or Exit the tradin" latform. -. 9ait till the next tradin" day or session /. Koo# for the DTF indicators the next day. L. 1nstead of o enin" u another osition, sim ly "et rid of the bad osition that was hed"ed. 4o if the indicators the next day si"naled lon" in the E@*/@4D, li#e in the abo!e exam le, then you would "et rid of the short, losin" hed"e and ho e that the rice will rise enou"h to erase the re!ious days losses to ma#e a rofit. >. 1f your osition mo!es a"ainst you a"ain you can hed"e that osition a"ain and re eat ste s =)L. %ed#e a &innin# trade: 8ou may also hed"e a winnin" trade to rotect your "ains, if you don(t want to com letely close your osition. 9hen you do this you won(t "ain or lose any more money with that osition. The ad!anta"e to this

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would "i!e you the o ortunity to #ee tradin" those ositions in the future and "i!e you a brea#. 8ou can always ri"ht clic# on your osition and choose Cclose with hed"e( to close both ositions at once. 1f you hed"e a winnin" osition you can follow the abo!e ste s =)L to #ee tradin" your osition the next tradin" day. NN Elease note that hed"in" can "et com licated. Try to #ee it as sim le as ossible and try not to ha!e a web of hed"ed and unhed"ed ositions o en at the same time5as it becomes ex onentially more difficult to #ee trac# of, and what ositions to let "o etc... KK Ged"in" is also o tional and you don(t need to learn how to use this tool if you choose not to. 8ou can be a successful trader by sim ly usin" sto and limit orders.

Understandin# .is3 Mana#ement @nderstandin" ris# mana"ement is a !ery im ortant reality when tradin" the Forex Mar#ets. Kosin" trades will ha en, and mana"in" those losses are the #ey to success. + "ood rule of thumb when settin" your sto losses is the >)IM rule. 1f your tradin" account is at <-..., then set your sto loss so that you don(t lose more than >)IM of the total !alue of your account. 1f you used this rule in this case, you would sto out a losin" trade when you were down <=..)<=L.. This is im ortant, because if you don(t mana"e your losses well, you can easily lose >.M of your tradin" account on = bad trade. 8ou do that a cou le of times and you will lose all of your ris# ca ital. 1t is better to ta#e smaller losses and try to maximi7e your winnin" trades. 4o be careful and deliberate when settin" your sto s on your tradin" latform.

Step B4 Open a Li0e tradin# a""ount

?ow that you understand the basics and ha!e been demo tradin" awhile, you are now ready to o en a li!e tradin" account and 2oin the Day Trade Forex tradin" team. 1f you ha!e found this ste )by)ste currency)tradin" "uide useful and hel ful and if you decide to o en u a li!e tradin" account throu"h me $co)owner of DayTradeForex.com%, 1 will ersonally "i!e you the customer ser!ice and su ort to assist you with your new account $my ser!ice will ?OT cost you any extra money.% Gere is how you o en a li!e tradin" account.

Open a live account online by clicking HERE NOW. To open a live account offline, follow the directions on next page.

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1. &o to www.cms)forex.com and under the 4i"n @ Tab on the to , scroll down to Ki!e +ccount 4i"n @ . @nder 1B)*effered 1ndi!idual $ 1n the circle on the bottom of the icture% , follow the instructions. -. 9hen fillin" out your CM4 forms, sim ly use my name $Erol Bortucene% as the third arty that referred you. This is on a"e -/ of the CM4 a lication. 1f you decide to use the online a lication, lease rint out a"e -/, rint my name on the to and si"n it at the bottom and fax it to CM4. @sin" my name as your referrer is F*EE and doesn(t cost you any commission at all.

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/. On the bottom of a"e -/ $of the CM4 a

lication%. where it reads3

NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN
=.. Client understands and a"rees that there may be commission im lemented on his account. I+ such commission is added, its si7e is the followin" $in @4D or another base currency%3

Uni0ersa A""ount3 Commission er one =**/ lot PPPPPPPD and/or er one =*3 mini lot PPPPPPPD 9ro+essiona A""ount3 Commission er one 6)*3 lot PPPPPPPEx" usi0e Mini A""ount: Commission er one =*/ lot PPPPPP

NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN 4im ly ut the number C.( in the blan#s as I &i not 1e "har#in# you any "ommission as your introdu"in# 1ro3er IIBJ. 4i"n and fax this to CM4 alon" with your other information and forms. Than# you #indly. For Auestions or assistance with o enin" your li!e account you can contact me at bortuceneS7i li .com

/eep a tradin# :ourna Finally, it is a "ood ractice to #ee a sim le tradin" 2ournal. This way you can #ee trac# of your trades and ro"ress and be able to analy7e, im ro!e and hone your tradin" s#ills. 4im ly include the time you entered and exited the trade, the Currency air, the chart time frame $this is im ortant%, and the strate"y $brea#out, trend or to or bottom%. +lso include write down what ha ened and what you could ha!e done differently for future reference.

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Use+u Lin3s www.moneytec.com Free Forex tradin" forum. www.forexdirectory.net, Com rehensi!e listin" of e!erythin", related to the Forex Mar#ets. www.m"forex.com/resource/"lossary.as + "ood Forex &lossary

Before we resent you with our excitin", new TMicro Tradin"U strate"y, we would li#e to warmly in!ite you to order our DayTradeForex.com +d!anced Tradin" Course. 9e stron"ly ad!ise you to learn the techniAues in our ad!anced course before you o en a li!e account. 8ou can read about it here3 htt 3//www.daytradeforex.com/ad!anced.htm Ga y Tradin"B

The Day Trade Forex Team For Auestions or assistance lease contact us at3 su ortSdaytradeforex.com

BO8US: $Mi"ro Tradin#- the = minute !harts 4ee next a"e...

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$Mi"ro Tradin#- the = minute !harts

?ow that you ha!e o ened a demo account and familiari7ed yourself with the OT tradin" latform we would li#e to introduce you to the Forex tradin" techniAue of 'scal in"' for small rofits. 1f you only ha!e a small amount of time to trade each day, then this strate"y mi"ht be the ri"ht one for you. E!eryone will settle into their own style of tradin". This techniAue is for traders who li#e "ettin" in and out of trades in a matter of minutes instead of hours. 4toc# 1ndex Futures traders often use the =minute charts to enter and exit trades. Forex day traders can also "ain an ad!anta"e by "ettin" in on a mo!e ri"ht as it ha ens by watchin" the = minute charts. The ty e of chart set u that we use to trade the = minute charts is candlestic# charts. + "reat descri tion of candlestic# charts can be read about here3 htt 3//ri"htline.iAchart.com/ artner/ri"htline/education/candlePintro.as 4ET @E 8O@* CG+*T4 =. O en a new E@*/@4D = minute "and esti"3 chart. -. +dd Bollin"er Bands set at =Q, Ex onential. Chan"e the color of the middle band to bri"ht #reen. /. +dd a mo!in" a!era"e / Ex onential, Close and chan"e the color to 1 a"3. L. +dd the MA!D %isto#ram 4tudy $default settin"s% >. +dd the .e ati0e Stren#th Index 4tudy set at =L. H. Voom in or out to your li#in". This is what your chart and studies should loo# li#e3 $4ee ?ext Ea"e%

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The /ey to "at"hin# the $Mi"ro Trends- on the = minute "harts: 9ait for the 7 EMA I1 a"3J to cross throu"h the =O Bo in#er Bands Midd e ine I#reenJ4 9ait for the .e ati0e Stren#th Index and MA!D %isto#ram to line u 3 Above * $M+CD% and above )* $*41% for BU' si"nal. Below * $M+CD% and below )* $*41% for SELL si"nal. *emember to ta3e sma pro+its. 9ra"ti"e this strate"y on your demo account.

KExamp es startin# on next pa#e

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This exam le is on a Kate 4unday ?i"ht/Early Monday Mornin" E4T E@*/@4D chart. + "ood BU' si#na at this time could ha!e been when the 7 EMA crossed up throu"h the Midd e Bo in#er Band, the M+CD Gisto"ram is a1o0e Mero and the *41 crossed a1o0e )*.

More exam les on next a"e...

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Gere is both a BU' and SELL exam le from the Fa anese tradin" session. ?otice how the *41 and M+CD ine up in both exam les.

More exam les on next a"e...

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Gere is an afternoon tradin" exam le of a BU' and SELL o ortunity with the E@*/@4D air. *emember to ta#e small rofits and/or mo!e your sto s in a winnin" trade.

More exam les on next a"e...

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T.ADE T%E 8E;S Gere is a "reat exam le of how you can use the = minute charts to trade the economic news releases. To find out when the world economic news releases are, sim ly "o to htt 3//www.forexnews.com and scroll down to the bottom of the website for the list of the current wee# news releases that im act the Forex mar#ets. 1n the abo!e exam le, the economic news release was scheduled for Q3/. +M E4T. At O:77 the pri"e :umped up 6* pips4 @sin" our = minute strate"y alon" with the news, is an effecti!e way of scal in" rofits on the F; mar#ets. KKTip3 *emember to wait a minute or two after the announcement. Don't o en a osition before the scheduled timeB KKTip3 There are news releases all throu"hout the wee# durin" the different time 7ones and tradin" sessions. This techniAue wor#s well durin" o!erni"ht tradin" E4T durin" the Euro ean and Kondon sessions. More exam les on next a"e... 43

?otice with this news release, that the E@*/@4D air dropped o0er 7* pips in = minute, +t Q3/- the rice dro ed. 1f you can ractice timin" these trades they can become a !ery rofitable tool for the trader. ATTE8TIO8: @sin" the = minute charts is +ast mo0in#. 1t mi"ht not be your style of tradin". 1f you want to test out slower mo!in" a!era"e combinations that whi saw less often on the = minute charts, you can try these3 =. I EM+, =Q Middle Bollin"er Band -. > EM+, -. Middle Bollin"er Band /. =. EM+, -. Middle Bollin"er Band

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