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					                         Power
Forex
Profit
Principles



SPECIAL
NOTE:
This
is
the
July,
2008

update
to
what
I
think
is
one
of
the

most
powerful
reports
I
have
ever

published,
and
it’s
in
direct
response

to
the
requests
my
students
have
been

sending
me
for
years.
They’ve

essentially
been
pleading
with
me
to

show
them
how
they
can
potentially

profit
in
the
Forex
markets.



Here’s
the
deal:
Just
like
any
other

market,
most
“traders”
are
losing
their

shirt
when
they
trade
Forex.
That’s

mainly
because
they’re
going
about
it

all
wrong,
and
many
have
been

mislead
by
unscrupulous
individuals
or

questionable
brokers
promising

seemingly
overnight
riches.



Forex
is
still
a
little
like
the
“wild

west”,
so
there’s
naturally
a
lot
of
confusion
and
misinformation
out
there.
In
this

special
report,
Power
Forex
Profit
Principles,
I’m
going
to
cover
many
tactics
and

strategies
used
by
successful
Forex
traders
all
over
the
world.
But
unfortunately,

only
about
5
to
10
percent
of
all
Forex
traders
are
actually
aware
of
this

information.
I
would
strongly
suggest
you
print
out
this
report
and
read
it
more

than
once.



What
you
are
about
to
read
is
more
valuable
to
you
than
what
you
will
find
in

many
trading
courses
that
you’d
have
to
pay
for.
This
is
a
HUGE
report.
Take
your

time
to
read
it
all.



Good
Trading,



                             

Bill
Poulos





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                         Power
Forex
Profit
Principles




    PLEASE
PRINT
THIS
REPORT
NOW!

Please
take
a
few
seconds
and
print
this
entire
report

right
now.

Here’s
why:



    When
you
print
this
report
out,
the
chances
that

     you’ll
actually
read
it
and
learn
something
new

     about
trading
the
Forex
markets
will
increase

     dramatically.

I
have
a
collection
of
digital
reports

     on
my
computer,
and
the
only
ones
I’ve
read
all

     the
way
through
are
the
ones
I’ve
printed
out.

     

    When
you
print
this
report
out,
you
can
read
it

     anywhere
in
your
house
(or
on
the
road,
for
that

     matter).

I
love
my
family,
but
my
office
is
smack

     dab
in
the
middle
of
the
house,
so
it’s
a
high
traffic

     area.

Sometimes
the
only
way
I
can
get
a
solid

     chunk
of
time
to
read
something
I
find
online
is
if
I

     print
it
out
and
take
it
somewhere
else
in
the

     house.

     

    There
is
an
activity
in
this
report
that
requires
you

     to
answer
some
questions.

The
impact
of
this

     activity
will
be
much
greater
if
you
actually
get
out

     a
pencil
or
pen
and
actually
write
on
this
report.

I

     highly
recommend
you
spend
a
few
moments

     completing
this
activity.

Your
future
could
depend

     on
it.

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                             Power
Forex
Profit
Principles



DISCLAIMER:

Forex
(off‐exchange
foreign
currency
futures
and
options
or
FX)
trading
involves

substantial
 risk
 of
 loss
 and
 is
 not
 suitable
 for
 every
 investor.
 The
 value
 of
 currencies
 may

fluctuate
and
investors
may
lose
all
or
more
than
their
original
investments.

Risks
also
include,

but
are
not
limited
to,
the
potential
for
changing
political
and/or
economic
conditions
that
may

substantially
 affect
 the
 price
 and/or
 liquidity
 of
 a
 currency.
 The
 impact
 of
 seasonal
 and

geopolitical
 events
 is
 already
 factored
 into
 market
 prices.
 The
 leveraged
 nature
 of
 FX
 trading

means
 that
 any
 market
 movement
 will
 have
 an
 equally
 proportional
 effect
 on
 your
 deposited

funds
and
such
may
work
against
you
as
well
as
for
you.
The
use
of
leverage
can
lead
to
large

losses
 as
 well
 as
 gains.
 Under
 certain
 conditions
 you
 may
 fins
 it
 impossible
 to
 liquidate
 a

position.
 This
 can
 occur,
 for
 example,
 when
 a
 market
 becomes
 illiquid.
 The
 placement
 of

contingent
orders
by
you,
such
as
“stop‐loss”
or
“stop‐limit”
orders
will
not
necessarily
limit
or

prevent
losses
because
market
conditions
may
make
it
impossible
to
execute
such
orders.
In
no

event
should
the
content
of
this
correspondence
be
construed
as
an
express
or
implied
promise

or
guarantee
that
you
will
profit
or
that
losses
can
or
will
be
limited
in
any
manner
whatsoever.

Past
 results
 are
 no
 indication
 of
 future
 performance.
 Information
 contained
 in
 this

correspondence
 is
 intended
 for
 informational
 purposes
 only
 and
 was
 obtained
 from
 sources

believed
to
be
reliable.
Information
is
in
no
way
guaranteed.
No
guarantee
of
any
kind
is
implied

or
possible
where
projections
of
future
conditions
are
attempted.

Revision
05‐20080704.





Copyright
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                         Power
Forex
Profit
Principles



         50,000
Traders
&
Their
Forex
Frustrations



Dear
Trader,



The
information
you
hold
in
your
hands
(or
are
viewing
on
your
computer)
has

the
potential
to
dramatically
increase
the
pips
you
pull
out
of
the
Forex
markets,

and
it
does
have
the
potential
to
change
your
life.
That’s
not
hype,
because
the

potential
is
real.
It’s
up
to
you
to
make
it
happen,
and
my
goal
with
this
report
is

to
help
you
discover
in
hours
and
days
what
took
me
decades
to
realize
about

success
in
the
markets.



I’ve
been
trading
the
markets
since

1974,
and
I’ve
been
teaching
thousands

of
students
around
the
world
what
it

takes
to
succeed
in
the
markets
since

2001.
So
some
people
think
of
me
as
a

“grizzled”
trading
veteran
because
I’ve

seen
so
much
over
the
past
3
decades.

Sure,
I’ve
scraped
my
knees
and
have

been
through
a
few
bumps
and
bruises

over
the
years,
but
I
see
myself
as
a
filter

for
you,
or
someone
who
has
the
ability

to
sift
through
all
the
junk
and
noise

that’s
out
there
and
tell
it
to
you
like
it

is.



So,
I
may
come
across
a
little
harsh
in

this
report,
but
I
don’t
believe
in
sugar‐
coating
anything
or
giving
you
false

hopes
of
success.
There
are
enough

swindlers
doing
that
already.
I
want
to

give
you
the
facts,
like
‘em
or
not,
so
you’re
empowered
to
take
action
and
make

positive
decisions
on
how
to
succeed
in
the
Forex
markets.



                      They
Nearly
Begged
Me
to
Help
Them



For
years
now,
my
students
and
readers
have
been
pleading
with
me
to
show

them
how
to
trade
the
Forex
markets.

And
many
of
them
actually
took
my
stock

trading
courses
and
started
telling
me
about
all
the
money
they
were
making
by

applying
those
courses
to
the
Forex
markets.

They
essentially
proved
to
me
what

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                         Power
Forex
Profit
Principles



I
knew
to
be
true
–
markets
are
markets.
There’s
nothing
magical
about
the
Forex

markets,
because
all
markets
are
ultimately
driven
by
human
psychology
–
fear

and
greed
–
and
supply
and
demand.

Sure,
every
market
has
its
own

peculiarities,
but
if
you
understand
how
the
basic
drivers
of
human
emotions

work,
you
can
potentially
succeed
big
in
any
market.



As
I
researched
the
answers
to
my
students’
questions
about
Forex,
the
more
I

realized
that
too
many
traders
were
getting
“suckered”
and
“taken”
by
less‐than‐
honest
Forex
“brokers”,
as
well
as
the
“holy
grail”
peddlers
who
were
preying

upon
the
wide‐eyed
desperation
of
traders
who
think
they
can
“get
rich
quick”

trading
the
popular
Forex
markets.



Excuse
me,
but
what
I
found
was
disgusting.

I
found
more
misinformation,
lies,

and
hype
about
Forex
that
I
had
seen
in
some
time.
And
that’s
when
I
decided
to

put
all
my
energy
into
dispelling
this
junk
so
I
could
give
my
students
and
readers

a
source
of
factual,
actual,
solid,
realistic
Forex
Profit
Principles
that
they
could

use
to
potentially
profit
in
the
Forex
markets
again
and
again.



So
to
make
sure
I
didn’t
miss
any
big
questions
or
concerns,
I
surveyed
over

50,000
active
traders
recently
and
asked
them
one
question
earlier
last
year:



        If
you
could
sit
down
and
have
lunch
with
me,
what
is
the
top
question

        you
would
ask
me
about
Forex
trading?



That’s
it.
Plain
and
simple.



Almost
immediately,
the
questions
began
to
pour
in.
You
know
what
it’s
like

Monday
morning
when
you
check
your
email
and
there’s
a
ton
of
it
from
over
the

weekend?
Well,
it
was
like
that
multiplied
by
a
hundred,
or
a
thousand.

People

were
confused
more
than
I
realized
about
Forex.



Then,
more
recently,
I
asked
a
similar
question
but
this
time
I
asked
my
readers

to
post
their
reply
to
my
Forex
blog.
Once
again,
hundreds
upon
hundreds
of

comments
were
posted.
And
the
amazing
thing
was
that
the
comments,

questions,
and
challenges
were
nearly
identical
to
my
prior
survey!



                             I
Was
Shocked
and
Excited



Quite
honestly,
these
responses
overwhelmed
me.

At
first
I
thought
to
myself,

“How
can
I
possibly
address
all
these
questions?
There’s
just
not
enough
time
to


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                         Power
Forex
Profit
Principles



do
it!”

But
then
I
noticed
something
amazing
–
I
started
seeing
the
same

questions
over
and
over.

So
I
began
to
put
them
into
categories,
and
after
a
long

12
hour
day,
I
was
shocked
and
excited.

                                             

                                             Why?

                                             

                                             Well,
I
was
shocked
to
find
that,
indeed,

                                             most
of
the
questions
fell
neatly
into
a

                                             handful
of
broad
categories.

But
I
was

                                             excited
because
I
had
personally

                                             experienced
what
all
these
questions

                                             were
asking.

And
I
knew
without
a

                                             shadow
of
a
doubt
that
I
could
help

                                             these
traders.

                                             

                                             But
it
gets
better,
because
I
realized
that

                                             if
a
survey
of
50,000
traders
resulted
in
a

                                             core,
common
set
of
questions,
then

                                             millions
of
traders
all
around
the
world

                                             probably
had
the
same
concerns.

                                             

                                             So
this
report,
the
Power
Forex
Profit

                                             Principles,
is
my
answer
to
the
top

questions
I
received
from
my
readers
and
students
about
Forex
trading.

Now

let’s
get
right
into
the
“nitty
gritty”
and
clear
up
these
questions
once
and
for
all.



Are
you
ready?
Let’s
begin.



     Are
You
Dependent…
or
Independent?
(NEW)



When
it
comes
to
trading
Forex
(or
any
market),
I
find
there
are
two
types
of

traders.
And
the
type
of
trader
you
are
could
drastically
impact
the
amount
of

money
you
make
in
the
markets…
it
could
even
forever
determine,
in
part,
what

the
rest
of
your
life
looks
like,
how
much
longer
you
work
a
regular
job,
where

you
go
on
vacation
(and
how
often),
where
you
live,
and
even
your
overall
health.



That
may
sound
like
an
exaggeration,
but
if
you
plan
on
supplementing
or

replacing
your
current
income
with
trading
Forex,
then
I
think
you’ll
find
those

statements
above
are
quite
accurate.
Here’s
why…



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                         Power
Forex
Profit
Principles



You’re
probably
well
aware
at
this
stage
in
your
life
that
anything
that
requires

almost
little
or
no
effort
produces
limited,
temporary,
or
nonexistent
results.
And

that
anything
that
requires
you
to
think
for
yourself
produces
lasting,
ongoing,

and
perhaps
even
permanent
results.



This
is
especially
true
when
it
comes
to
trading
the
Forex
markets.




Over
the
years,
I’ve
observed
that
there
are
two
types
of
“traders”.
Now,
I
realize

these
are
generalizations,
but
they
illustrate
two
very
common
mindsets.
Which

one
are
you?



The
Dependent
Trader:
This
type
of
person
is
usually
looking
for
the
easy
way

out,
looking
to
make
a
quick
buck,
or
wants
to
strike
it
rich.
They
think
it’s

possible
to
“follow
the
crowd”,
blindly
place
trades
pumped
out
by
a
system
that

“can’t
lose”,
and
quit
their
job.
The
bottom
line
is
that
this
type
of
trader
is

dependent
on
someone
else
for
their
financial
success
–
forever,
for
life.
Yes,
The

Dependent
Trader
can
be
successful
with
this
attitude,
but
I
believe
the
odds
of

success
are
low
(probably
around
5%).



The
Independent
Trader:
This
type
of
person
wants
to
have
as
much
control
of

their
financial
destiny
as
possible.
They
understand
that
when
they
know
how
the

markets
work,
they’re
empowered
to
place
informed
trades
without
having
to

rely
on
someone
else.
Someone
who
is
an
Independent
Trader
knows
they
are

maximizing
their
odds
of
success
in
the
markets,
which
can
make
their
financial

and
lifelong
dreams
come
true
that
much
more
quickly.
The
bottom
line
is
that

this
type
of
trader
holds
the
keys
to
the
kingdom,
and
has
control
of
their

financial
future
for
their
entire
life,
no
matter
what
happens.



If
you
think
you
might
have
a
little
of
the
Dependent
Trader
mentality
in
you,

that’s
OK.
I
understand,
because
you
are
not
alone.
It’s
only
natural.
But
when

you
learn
to
break
out
of
that
mindset
and
move
toward
becoming
an

Independent
Trader,
everything
can
begin
to
change.



That’s
why
one
of
my
goals
with
this
report
is
to
help
make
you
an
Independent

Trader.

Will
this
report
alone
do
it?
No,
of
course
not.
However,
it
should
give

you
a
“fast
track”
toward
discovering
the
right
way
to
trade
the
Forex
markets
for

you.



I
want
you
to
understand
and
feel
the
power,
peace
of
mind,
and
excitement
that

come
with
placing
a
trade
independently.
Everything
makes
sense.
Everything
is


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                         Power
Forex
Profit
Principles



done
for
a
reason.
You
know
what
to
do,
no
matter
what
the
market
does.
Every

single
time.



It’s
awesome…



      The
Current
State
of
the
Forex
Market
(NEW)



Forex
is
more
popular
than
ever.
Let’s
take
a
look
at
the
average
daily
turnover
in

the
Forex
markets
over
the
past
20
years.








$3.2
TRILLION
a
day
in
2007,
with
no
signs
of
slowing
down.
This
spells

opportunity
for
you
as
a
Forex
trader,
and
this
is
one
of
the
best
times
I
can
recall

to
learn
to
trade
and
to
start
trading
the
enormously
popular
and
potentially

profitable
Forex
markets.



Why?



Most
of
the
major
Forex
pairs
have
been
consolidating
in
a
sideways,
non‐
trending
fashion
for
several
weeks
now,
which
is
setting
the
stage
for
potential

mega‐trend
breakouts
which
can
create
significant
trading
opportunities.
The


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                         Power
Forex
Profit
Principles



problem,
though,
is
that
too
many
traders
aren’t
sure
how
to
take
advantage
of

those
opportunities,
or
how
to
spot
those
trades
they
could
be
making.



As
of
this
writing,
the
U.S.
Dollar
remains
weak
against
most
major
currencies,

and
the
continued
economic
fallout
from
the
recent
housing,
banking
and
credit

crises,
continued
weak
growth
of
the
economy,
and
the
risk
of
continued

inflation
has
made
a
dollar
rally
tough
to
sustain.
But
as
those
problems
lessen,

the
dollar
will
strengthen
at
some
point
and
someone
will
be
riding
a
long
run
of

hundreds,
or
even
thousands
of
pips
when
it
does.



Why?
Because
the
difficulties
with
the
U.S.
economy
along
with
the
record
high

prices
of
oil
are
beginning
to
strain
other
economies.
Europe
and
Asia
now
face

similar
inflationary
fears
as
in
the
U.S.
and
a
report
from
established
central

banks
expects
continued
pressures
on
currencies
as
economies
around
the
globe

suffer.



Economists
and
other
media
gurus
are
predicting
that
the
global
economic

pressures
of
high
oil
prices,
inflation,
weak
growth
(and
even
possibly
recession)

could
continue
into
2009.



At
first
glance,
you
might
take
such
gloomy
reporting
and
ask,
“Why
would
I
want

to
trade
in
this
market?”



Here’s
why:
Those
economic
difficulties
around
the
world
create
trading

opportunities
almost
daily.
And,
as
I
said
before,
the
sideways
trending
of

currency
pairs
means
sooner
or
later,
those
pairs
are
going
to
break
out
and
run

(up
OR
down,
either
way
gives
you
some
huge
profit
potential).
Which
means
this

is
the
best
time
to
begin
trading
Forex
because
you
could
have
the
opportunity
to

catch
a
huge
run.




This
is
also
the
best
time
to
LEARN
to
trade
Forex
because
you
can
take
your

trading
method
as
you
learn
it
and
apply
it
to
the
markets
to
watch
those

breakouts
happen.
Plus,
you’ll
be
able
to
get
a
real
hands‐on
experience

understanding
how
those
breakouts
form,
where
you
would
enter
and
exit
the

market
and
how
you
would
protect
yourself
with
proper
risk
management.



So,
if
you’ve
been
sitting
on
the
sidelines
waiting
to
trade
Forex,
I
think
now
is

one
of
the
best
times
to
begin
or
to
learn
to
trade
Forex
because
many
of
the

“surprises”
of
last
year
are
now
behind
us
and
are
already
factored
into
the

market.


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Inc.
           
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                         Power
Forex
Profit
Principles





The
Forex
markets
are
creating
trading
opportunities
right
now.
If
you’ve
been

missing
those
market‐moving
opportunities,
don’t
miss
another
one.



I
think
it’s
important
to
say,
though,
that
as
Forex
trading
continues
to
gain

popularity
one
of
the
underlying
problems
you
may
face
is
the
idea
that
you
must

trade
Forex
‘to‐the‐minute’
(or
day
trade)
–
this
drives
you
out
of
the
picture
if

you
can’t
commit
that
kind
of
time,
and
it
creates
inevitable
losses
if
you’re
ill‐
prepared
for
the
demands
of
day
trading.



I
believe
this
talk
about
having
to
day
trade
Forex
is
wrong;
that
it
is,
in
part,

driven
by
brokers,
who
earn
the
difference

in
the
spread
on
every
trade,
and
who

would
naturally
want
the
constant
flow
of

spread
profits.



Can
you
day
trade
Forex?
Yes.



Do
you
have
to?
Not
at
all.



In
fact,
recent
analysis
of
part
of
the
online

advertising
world
confirms
that
brokers

dominate
several
sectors
of
the
Forex

advertising
landscape,
even
to
the
point
of

driving
up
ad
costs.
At
first
glance,
this

would
appear
counterproductive,
until
you

realize
the
influx
of
hundreds
of
thousands

of
new
traders
to
Forex
is
paying
for
itself
in

the
form
of
new
accounts
and
spiraling

spread
profits.



With
more
companies
coming
online
to
offer
services
related
to
Forex,
you
must

take
a
smart
approach
to
trading
currencies.
There
is
a
logical
reason
that
the

number
of
brokers
offering
Forex
trades
has
increased
dramatically
over
the
last

few
years:
brokers
are
making
money
on
your
trades,
whether
you
do
or
not.




In
fact,
you
should
repeat
that
line
to
yourself:



My
Forex
broker
makes
money
whether
I
do
or
not.




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Inc.
           
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98



                         Power
Forex
Profit
Principles



This
is
not
to
blame
brokers,
but
it
is
to
point
out
what
is
a
simple
fact:
if
you,
the

trader,
do
not
take
an
educated
approach
to
trading
Forex,
you
will
lose
your

money.



It
should
also
remind
you
that
you
need
to
know
HOW
to
trade
Forex.
You
must

have
a
complete
trading
method
that
helps
you
take
advantage
of
every

opportunity
the
market
offers.



While
Forex
presents
exciting
and
profitable
trading
opportunities,
it
is
very

important
that
you
learn
how
to
trade
currencies
and
that
you
have
a
trading

plan
that
you
can
execute
every
day
of
the
week
–
no
matter
what
happens
in

the
markets.



Too
many
traders
have
jumped
into
the
Forex
waters
without
proper
planning
or

learning,
and
have
drowned.

Don’t
be
one
of
them.



Instead,
be
one
of
the
successful
Forex
traders
who
have
a
solid
trading
method

and
execute
their
trading
plan
diligently
to
take
money
out
of
the
market,
again

and
again.



       I
hear
a
lot
about
Forex
trading
and
am
very

    interested
in
learning
more
about
it.
Can
you
give

        me
a
brief
overview
of
the
basics
of
Forex?



Unlike
stocks
and
futures
that
trade
through
exchanges
or
the
NASDAQ,
Forex

trading
is
done
through
market
makers
that
include
major
banks
as
well
as
small

to
large
brokerage
firms
located
around
the
world
who
collectively
make
a

market
on
a
24/7
basis.

The
Forex
market
is
always
“open”
and
is
the
largest

financial
network
in
the
world
(daily
average
turnover
of
trillions
of
dollars).



Forex
trading
involves
trading
currency
pairs
such
as
the
EUR/USD
pair
(Euro/US

dollar
pair)
where
a
buyer
of
this
pair
would
actually
be
buying
the
Euro
and

simultaneously
selling
short
the
US
dollar.



The
format
of
a
Forex
pair
is
YYY/ZZZ,
where
the
first
currency
is
called
the
“base”

currency
and
the
second
currency
is
called
the
“counter”
currency.

The
price
for

a
Forex
pair
is
expressed
in
terms
of
the
counter
currency.




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                             Page
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                         Power
Forex
Profit
Principles



For
example,
the
price
of
the
EUR/USD
pair
is
expressed
in
US
dollars
(the

counter
currency)
as
1.3667.

This
means
that
the
base
currency,
the
Euro
in
this

case,
equals
US$
1.3667.


The
price
of
the
USD/JPY
pair
is
expressed
in
Japanese

Yen
as
108.02,
because
for
this
pair
the
Japanese
Yen
is
the
counter
currency.


This
means
that
the
base
currency,
the
US
dollar
in
this
case,
equals
108.02

Japanese
Yen.




Prices
are
expressed
in
pips,
which
are
nothing
more
than
the
minimum

increment
that
a
currency
pair
price
can
change.

For
example,
if
the
EUR/USD

price
changes
from
1.3790
to
1.3791,
the
price
is
said
to
have
gone
up
by
1
pip.


Most
major
pairs
are
priced
to
4
decimals
which
is
the
equivalent
of
1/100th
of

one
percent.

The
exception
would
be
the
Japanese
Yen
pair
that
only
trades
to
2

decimals.

This
is
because
there
are
usually
over
100
yen
to
the
dollar.



Forex
pair
quotes
are
on
a
bid‐ask
basis.

The
bid
is
the
price
that
the
market
is

willing
to
pay
a
seller
at
a
point
in
time
for
a
specific
currency
pair.

The
ask
is
the

price
that
the
market
is
willing
to
sell
to
a
buyer
at
a
point
in
time
for
a
specific

currency
pair.

The
difference
between
the
bid
and
the
ask
is
called
the
bid/ask

spread.

For
example,
a
typical
EUR/USD
quote
could
be
1.3784
bid
1.3787
ask

which
is
a
spread
of
3
pips.

Since
the
spread
is
how
the
market
makers
are

compensated,
there
is
no
commission
when
placing
a
trade.





Also,
it
is
important
to
note
that
the
spread
will
vary
depending
on
market

conditions.


So
the
quote
itself
for
any
given
Forex
pair
is
the
bid‐ask

combination
at
a
point
in
time
based
on
the
market
driven
floating
exchange

rate.

The
quotation
lists
the
bid
price
first,
then
the
ask
price.

For
the
EUR/USD

example
above,
the
quote
would
be
expressed
simply
as
1.3784/1.3787
or

1.3784/87.



Trading
is
done
in
lots,
either
100,000
unit
standard
or
10,000
unit
mini
lots.

For

example,
for
a
standard
lot
purchase,
if
the
EUR/USD
quote
was
1.3784/1.3787,

then
buying
an
EUR/USD
pair
means
buying
100,000
Euros
and
selling
short

$137,870
US
dollars.

Therefore,
for
a
standard
lot
in
which
the
USD
is
the

counter
currency,
1
pip
will
equal
$10
($1
for
a
mini
lot).

For
other
major
counter

currency
pairs
1
pip
will
range
from
$8
to
$10.





Forex
dealers
offer
leverage
as
high
as
100:1
and
sometimes
higher.

At
100:1

leverage,
1
standard
lot
pair
in
which
the
USD
in
the
base
currency
would
require

$1,000
in
margin
($100,000/100).

On
the
other
hand,
a
1
mini
lot
pair
would



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98



                         Power
Forex
Profit
Principles



require
only
$100
in
margin
($10,000/100).

If
the
account
value
falls
below
the

margin
requirement,
the
dealer
will
close
out
the
trade
automatically.




                     How
do
the
Forex
markets

                     operate
on
a
24
hour
basis?



Active
trading
sessions
in
each
country’s’
financial
centers
around
the
world
take

place
from
Sunday
5:00PM
EST
to
Friday
5:00PM
EST.

For
the
major
financial

centers,
trading
starts
in
Sydney,
then
moves
to
each
financial
center
in
this

order:

Tokyo,
London
(and
Europe),
New
York.

The
daily
session
for
daily

charting
purposes
“ends”
at
5:00PM
EST
(coincident
with
the
New
York
“close”),

but
the
market
does
not
actually
close.



Here
are
the
time
intervals
for
each
of
the
major
financial
centers
expressed
as

EST.



    Sydney
session
starts
at
5:00
pm
and
ends
around
2:00
am.

    Tokyo
session
begins
at
7:00
pm
and
ends
around
4:00
am.

    London
opens
at
3:00
am
and
ends
around
12:00
am.

    New
York
session
opens
at
8:00
am
and
ends
around
5:00
pm.



To
give
you
a
visual
representation
of
this,
here’s
a
figure
showing
the
same

business
hours
for
the
various
regions.
In
this
figure
you
can
see
the
overlap

between
the
London
(and
Europe)
session
and
the
New
York
session,
between
8

am
and
11
am
EST.
The
currency
markets
experience
the
highest
volatility
and

volume
during
that
overlap,
which
also
coincides
with
the
releases
of
important

US
economic
releases.







                                                                               

                                 Figure
1
‐
Forex
Markets
Timeline





Copyright
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Run,
Inc.
                   
                    Page
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98



                         Power
Forex
Profit
Principles



    Can
you
take
me
through
a
typical
trade
scenario?



Let’s
say
the
current
bid/ask
quote
for
EUR/USD
is
1.3802/05
and
you
want
to

buy
the
pair
because
you
think
the
Euro
is
going
to
gain
on
the
US
dollar.

So
you

buy
1
standard
lot.

When
you
do
that
you
are
actually
buying
100,000
Euros
(1

standard
lot)
for
$138,050
US
dollars
(100,000
x
1.3805).

At
100:1
leverage,
your

initial
margin
deposit
would
be
$1,381
for
this
trade.





So
in
our
example,
let’s
say
the
Euro
pair
goes
up
and
is
now
trading
at
1.3865/68

and
you
decide
to
sell
and
take
profits.

You
would
then
sell
your
1
standard
lot.


When
you
do
that
you
are
actually
selling
100,000
Euros
(1
standard
lot)
for

$138,650
US
dollars
(100,000
x
1.3865).

Since
you
bought
100,000
Euros
for

$138,050
and
sold
them
for
$138,650,
you
made
a
profit
of
$600
or
60
pips.





If
on
the
other
hand
the
Euro
pair
went
down
to
1.3775/78
and
you
sold
at

1.3775,
you
would
have
a
loss
of
$300
($138,050
‐
$137,750).

And
again,
if
the

account
equity
fell
below
the
margin
requirement,
the
trade
would
be

automatically
liquidated.

However,
this
should
never
happen
to
you
if
you
follow

sound
risk
management
rules.




    What
types
of
orders
do
I
use
with
Forex
trading?



There
are
different
order
types
for
different
trading
needs.



Market
Order:

This
order
type
is
used
to
enter
or
exit
the
market
immediately
at

the
current
quoted
price.

If
you
want
to
buy
you
will
be
filled
at
the
asking
price.


If
you
want
to
sell
you
will
be
filled
at
the
bid
price.



Limit
Order:

This
order
type
is
used
to
buy
or
sell
a
pair
at
a
predetermined

price.

A
buy
limit
order
will
only
be
filled
if
the
market
trades
(ask)
at
or
below

the
limit
price.

A
sell
limit
order
will
only
be
filled
if
the
market
trades
(bid)
at
or

above
the
limit
price.



Stop
Order:

This
order
type
is
used
to
buy
or
sell
a
pair
at
a
predetermined
price.


A
buy
stop
order
will
only
be
filled
if
the
market
trades
(ask)
at
or
above
the
stop

price.

A
sell
stop
order
will
only
be
filled
if
the
market
trades
(bid)
at
or
below

the
stop
price.




Copyright
©
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Run,
Inc.
              
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98



                         Power
Forex
Profit
Principles



How
much
can
I
expect
to
make
with
Forex
trading?



It
is
very
important
to
have
realistic

expectations.

The
truth
is
that
Forex

trading
is
not
a
get
rich
quick

proposition,
despite
all
of
the
hype
to

the
contrary.

That
does
not
mean

though
that
there
isn’t
money
to
be

made.



One
of
the
appeals
of
Forex
trading
is

the
great
leverage
that
is
offered.


However,
leverage
can
work
for
or

against
you
and
therefore
it
is
critical

that
you
follow
good
trading
methods

along
with
sound
risk
management

principles
to
have
the
opportunity
to

unlock
the
profit
potential
that
the
Forex

markets
have
to
offer.






          Forex
seems
to
be
quite
different
from

        trading
stocks.

What
are
the
benefits
and

          risks
in
comparison
and
would
a
much

                 bigger
account
be
needed?




In
addition
to
the
Forex
attributes
explained
in
the
“basics
of
Forex
question”

above,
the
Forex
markets
are
indeed
different
from
the
stock
markets
in
that

their
price
behavior
is
different
with
usually
more
abrupt
price
swings.

This

requires
different
trading
methods
than
those
typically
used
for
stocks
in
order
to

take
full
advantage
of
the
profit
potential
that
Forex
has
to
offer
while
at
the

same
time
designing
the
right
strategy
to
minimize
risk.





On
the
other
hand,
they
are
alike
in
that
both
Forex
and
stocks
are
markets
that

develop
repeatable
price
behavior
that
present
profit
opportunities
for
those

traders
with
good
trading
methods,
sound
money
management
principles
and

disciplined
trading.





Copyright
©
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Run,
Inc.
            
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                         Power
Forex
Profit
Principles



Because
of
the
high
leverage
that
Forex
offers,
Forex
positions
require
a
much

smaller
account
size
than
do
stocks
trading
similar
sized
positions
as
Forex
margin

requirements
are
much
smaller
than
stock
margin
requirements.

And
so
the

reward
can
be
much
greater
with
Forex,
but
at
the
same
time,
the
risk
is
much

greater.
But
this
can
be
dealt
with
effectively
with
good
trading
tactics
and
good

money
management
rules
that
allow
for
maximizing
profit
potential
and

minimizing
risk.


            How
do
I
find
a
reliable
Forex
broker?

    

Unlike
stock
and
futures
brokers,
not
all
Forex
brokers
are
regulated.


It
is
very

important
to
open
an
account
with
a
regulated
broker
or
bank
that
is
a
registered

member
of
a
regulating
body.

Since
there
is
no
central
market,
there
is
no
global

regulatory
agency
responsible
for
monitoring
the
activity
of
the
currency

markets.
Therefore,
regulation
is
left
to
each
country.






In
the
United
States
the
Federal
Reserve
Bank
monitors
the
banking
system
and

the
Commodity
Futures
Trading
Commission
(CFTC)
has
jurisdiction
over
all

Futures
and
Forex
activity.
When
trading
in
the
foreign
exchange
markets,

individuals
should
only
trade
with
a
CFTC
registered
entity
that
is
also
a
member

of
the
National
Futures
Association
(NFA)
and
is
regulated
by
the
CFTC.
For
non‐
US
broker/
bank
entities,
be
sure
that
the
broker
or
bank
is
registered
with
that

country’s
appropriate
regulatory
bodies.



In
addition
to
working
with
a
regulated
broker,
you
want
a
broker
that
has
low

spreads.
These
spreads
are
calculated
in
pips,
which
is
the
difference
between

the
price
at
which
a
currency
can
be
bought
and
the
price
at
which
it
can
be
sold

at
any
given
point
in
time.
This
is
how
the
forex
brokers
or
banks
make
their

money
since
they
don’t
charge
commissions.
So,
obviously,
lower
spreads
will

save
you
more
money.



Trading
tools
are
also
very
important
when
choosing
a
Forex
broker.
Specifically,

you
want
a
broker
that
will
give
you
good
charting
and
trading
software
that
has

the
ability
to
plot
the
indicators
that
your
trading
method
uses.
This
brings
up
an

important
point.
You
should
never
go
looking
for
charting
software
first
and
then

try
to
use
or
develop
a
trading
method.




Instead,
you
should
first
get
educated
on
a
good
trading
method
(or
develop
your

own)
and
then
find
charting
software
that
will
let
you
implement
this
method.



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                         Power
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Profit
Principles



I’ve
seen
too
many
traders
stubbornly
use
inadequate
charting
software
just

because
their
broker
gave
it
to
them.
Don’t
make
this
mistake.




Thankfully,
unlike
stock
brokers,
many
forex
brokers
do
provide
you
with
very

adequate
charting
and
trading
software,
all
bundled
together.



Other
aspects
to
watch
for
when
selecting
a
broker
are
the
leverage
levels
and

account
types
(standard
and
mini
accounts)
offered.

Most
brokers
offer
at
least

                                         100:1
leverage
which
is
more
than

                                         adequate
for
most
traders.

Some

                                         brokers
also
offer
greater
leverage,
up
to

                                         400:1.

This
type
of
leverage
is

                                         completely
unnecessary
as
the
risk

                                         reward
ratio
can
quickly
go
against
you
if

                                         you
use
excessive
leverage.
(I’ll
cover

                                         this
in
more
detail
later
in
the
report
in

                                         the
question
about
risk
management.)

                                         

                                         Depending
on
your
account
size,
you
will

                                         want
to
be
sure
the
broker
you
choose

                                         offers
the
appropriate
account
types.


                                         Standard
and
mini
accounts
are
typical.


                                         The
standard
account
typically
requires

                                         minimum
initial
capital
of
$2,000
or

                                         more,
while
the
mini
account
typically

                                         requires
$300
or
more.

Leverage
of

                                         100:1
should
be
available
for
either
a

                                         standard
or
a
mini
account.




           What
are
the
best
Forex
pairs
to
trade?

    

I
believe
that
not
all
Forex
pairs
are
suitable
for
trading.

What
we
should
be

looking
for
as
traders
are
liquid
markets
that
have
sufficient
price
movement
to

make
a
trade
worthwhile.

With
that
in
mind,
the
following
pairs
are
the
most

widely
traded,
most
liquid
pairs
and
the
only
ones
that
I
would
consider
trading:



     EUR/USD
–
Euro
/
US
dollar

        



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                         Power
Forex
Profit
Principles



    GBP/USD
‐

British
Pound
/
US
dollar
(often
referred
to
as
the
“Cable”)

        

    USD/JPY
‐

US
dollar
/
Japanese
Yen

        

    USD/CHF
–
US
dollar
/
Swiss
Franc

        

    USD/CAD
–
US
dollar
/
Canadian
dollar

        

    AUD/USD
–
Australian
dollar
/
US
dollar

   

And
to
further
simplify
Forex
trading,
you
could
easily
limit
your
trading
to
the

two
most
liquid
and
widely
traded
pairs,
the
EUR/USD
and
the
GBP/USD.

This

really
starts
to
reduce
demands
on
your
time
for
trading
activities
without
giving

up
good
profit
potential.


          What
is
the
best
trading
platform
and

        charting
software
for
both
beginners
and

        more
experienced
traders
alike
and
where

         should
I
obtain
the
most
reliable
data?



The
answer
to
this
question
starts
with
your
broker.

First,
I
highly
recommend

that
you
only
open
an
account
with
a
registered
broker.

Having
said
that,
most

Forex
brokers
provide,
“free
of
charge”,
an
online
trading
platform
that
is
integral

with
decent
charting
software.

This
way
you
have
your
charting
software,
your

data
feed
and
your
trading
platform
(the
ability
to
place
trades
online)
all
in
one

location.

I
believe
you
can
consider
the
data
reliable
and
the
order
execution

proper
as
long
as
you
are
dealing
with
a
registered
broker.



However,
some
trading
platforms
and
charting
software
are
more
intuitive
and

easier
to
use
than
others,
so
in
selecting
a
broker,
you
want
to
open
a
demo

account
first
and
get
the
feel
for
that
broker’s
platform
to
see
if
it
is
comfortable

for
you.

You
will
be
able
to
determine
this
with
a
little
paper
trading
over
a
few

days
and
weeks.





Also,
you
want
to
be
sure
that
your
brokers
charting
software
is
able
to
plot
the

indicators
that
your
trading
methods
call
for.
Most
will
be
able
to
do
this,
but
not

all.




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                         Power
Forex
Profit
Principles



In
addition,
some
traders
prefer
to
also
use
additional
upscale
charting
software

independent
from
the
dealer,
such
as
offered
by
MetaTrader.

MetaTrader
and

others
offer
additional
charting
capability
as
well
as
trade
alert
capability
that

some
traders
find
useful.


    


              Is
it
better
to
use
fundamental
or

            technical
analysis
with
Forex
trading?

     

The
answer
to
this
question
depends
on
your
trading
method.

The
markets
are

indeed
moved
by
fundamentals

(balance
of
trade
data,
money
supply,

interest
rates,
economic
and
financial

reports,
etc.)
but
only
through
the

prism
of
human
psychology.

It
is
not

the
fundamental
data
or
information

that
is
so
important
as
much
as
it
is
the

markets’
reactions
to
that
information.





Many
advocate
trading
on
the

fundamentals;
however,
a
case
can
be

made
that
trading
on
the
fundamentals

is
extremely
difficult
due
to
the
fact

that
the
markets
always
immediately

and
continuously
are
digesting
any
and

all
fundamental
data
and
to
do
this

successfully,
you
need
to
be
available

on
a
real
time
basis
at
whatever
hour
of

the
day
or
night
that
the
news
is
likely

to
impact
the
market.

Then,
you
need

to
act
on
that
news
before
or
at
least
in
the
same
instant
that
the
rest
of
the

world
does
or
else
the
opportunity
could
be
lost.



While
some
do
trade
the
fundamentals
successfully,
I
believe
using
good
trading

methods
based
on
technical
analysis
is
an
easier,
less
demanding
way
to
trade

with
far
greater
odds
of
success.


This
is
because
I
believe,
as
do
technical
traders

in
general,
that
any
and
all
fundamentals
are
already
always
reflected
in
the
price

of
the
market
at
any
instant
and
so
I
would
rather
apply
technical
analysis
to
the



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                         Power
Forex
Profit
Principles



markets
and
trade
them
on
my
terms,
when
I
want
to
trade
them
and
how
I
want

to
trade
them,
with
as
little
time
spent
in
the
process
as
possible.




     I
am
not
able
to
dedicate
the
time
it
takes
to
day

    trade
the
markets.

Is
it
possible
to
trade
the
Forex

        markets
on
an
end‐of‐day
basis
so
I
can
take

    advantage
of
the
market
trends
while
working
my

               regular
job
or
when
sleeping?

    

This
is
a
very
common
question;
because
some
believe
the
only
way
to
trade
the

Forex
markets
is
by
day
trading
the
markets,
which
generally
does
require
a

significant
time
commitment.

While
day
trading
is
very
widespread
in
the
Forex

markets,
I
believe
that
a
trader
can
do
as
well
or
better
with
far
less
time

commitment
by
trading
the
markets
on
an
end‐of‐day
basis.

Of
course,
in
order

to
do
so,
you
must
have
good
trading
methods
specifically
designed
for
end‐of‐
day
trading.



It
has
often
been
said
that
if
you
cannot
make
money
trading
on
an
end‐of‐day

basis,
you
will
never
make
money
by
day
trading.

And
I
believe
that
applies
to

the
Forex
markets
as
well.

This
is
because
the
time
pressure
to
make
instant

decisions
on
order
entry,
immediate
placement
of
stop
orders
and
setting
profit

targets
is
very
stressful
and
demanding
of
your
time.

While
some
traders
prefer

day
trading
and
are
able
to
handle
its
rigors
and
have
the
time
to
allocate
to
it,

others
prefer
end‐of‐day
trading
that
can
be
done
in
as
little
as
20
minutes
a
day

while
the
markets
are
quiet.



Let’s
look
at
a
couple
of
examples
to
make
this
point.







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                         Power
Forex
Profit
Principles







                                                                                     

                                 Figure
2
‐
EUR/USD
Daily
Chart



Figure
2
is
a
daily
chart
of
the
EUR/USD
pair
showing
a
great
up
move
in
the

market
from
mid‐October
to
early
December
2006.

This
was
about
a
900
pip

move
that
occurred
in
a
little
over
30
trading
days
and
a
good
end‐of‐day
trading

method
should
have
been
able
to
get
on
board
and
capture
around
700
pips
of

this
move.

With
a
good
end‐of‐day
trading
method,
it
could
take
less
than
20

minutes
a
day
to
enter,
place
stops,
manage
and
exit
the
trade
with
very
nice

profits.







Copyright
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Inc.
                  
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                         Power
Forex
Profit
Principles







                                                                                   

                                 Figure
3
‐
EUR/USD
5
Minute
Chart



Figure
3
is
5
minute
chart
of
the
EUR/USD
pair
showing
two
great
down
moves

from
7:00AM
to
11:00AM
September
3,
2007.

The
first
down
move
was
for

about
21
pips
and
lasted
for
8
bars
and
the
second
down
move
was
for
about
20

pips
and
last
for
5
bars.

A
good
day
trading
method
should
have
been
able
to
get

on
board
and
capture
12
pips
of
the
first
move
and
11
pips
of
the
second
move.


With
a
good
day
trading
method,
it
would
have
taken
potentially
several
hours
to

capture
these
two
moves.



Now
you’re
not
always
going
to
get
a
900
pip
move
on
the
daily
charts
and
you’re

not
always
going
to
get
two
20
pip
moves
in
a
matter
of
4
hours
on
the
5
minute

charts,
but
I
think
this
example
makes
the
point
that
the
potential
gain
for
the

time
invested
is
far
greater
with
end‐of‐day
trading.



   





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                         Power
Forex
Profit
Principles



    How
is
it
possible
to
trade
the
Forex
markets
on
an

     end‐of‐day
basis
using
daily
bar
charts
when
the

                 markets
are
always
open?

   

Most
good
charting
software
and
trading
platforms
provided
by
a
good
broker
or

bank
include
the
ability
to
plot
daily
bar
charts
where
the
daily
bar
“closes”
at

5:00PM
EST.

This
time
is
selected
because
it
is
coincident
with
the
New
York

session
“close”
and
the
Sydney
“open”
which
is
a
relatively
quiet
time
in
most

markets
until
the
Tokyo
session
begins
at
7:00PM
EST
followed
by
the
London

(and
Europe)
session
beginning
at
3:00AM
EST.

We
can
then
use
these
daily
bar

charts
to
develop
trading
strategies
that
require
only
the
use
of
these
charts

without
requiring
intraday
charts.







                                                                                     

                                 Figure
4
–
EUR/USD
Daily
Chart



Figure
4
shows
a
plot
of
a
daily
chart
for
the
EUR/USD
pair
using
VT
Trader
which

is
a
representative
charting
software/trading
platform.

On
this
chart,
each
bar

represents
one
day’s
trading
activity
from
the
high
price
of
the
day
to
the
low

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                         Power
Forex
Profit
Principles



                                            price
of
the
day.

The
horizontal
mark
to

                                            the
left
of
a
daily
bar
is
the
open
for
the

                                            day
(this
is
based
on
the
first
trade
after

                                            5:00PM
EST).

The
horizontal
mark
to
the

                                            right
of
a
daily
bar
is
the
close
for
the

                                            day
(this
is
based
on
the
last
trade
as
of

                                            5:00PM
EST).

So,
as
you
can
see,
daily

                                            bar
charts
are
readily
available
in
the

                                            24/7
Forex
markets.

                                            

                                            Also
plotted
on
this
chart
are
a
few

                                            technical
indicators.

Two
simple
moving

                                            averages
are
plotted
in
blue
and
red
and

                                            the
ADX
indicator
is
plotted
at
the

                                            bottom
in
brown.

A
simple
moving

                                            average
is
calculated
by
adding
up
the

                                            prices
for
a
number
of
bars
and
dividing

                                            that
sum
by
the
same
number
of
bars.


                                            Moving
averages
help
to
determine
the

                                            prevailing
trends
of
the
market.

The

ADX
indicator
is
a
complex
formula
that
helps
to
determine
the
degree
of

trendiness
of
a
market.

These
are
only
a
few
of
the
indicators
that
are
available

through
VT
Trader
in
applying
technical
analysis.



If
you
look
closely
at
the
chart
from
left
to
right,
you
can
see
that
this
market
was

in
an
uptrend
and
then
later
formed
a
double
top
before
falling
into
a
down

trend,
only
to
reverse
again
into
an
uptrend
at
the
end
of
the
chart.

This
type
of

behavior
is
typical
of
what
you
can
expect
to
see
on
a
daily
chart
and
these

shorter
term
trends
can
definitely
be
traded
using
good
end‐of‐day
trading

methods.



A
good
end‐of‐day
trading
method
should
be
based
on
an
evaluation
of
the

market
after
the
daily
bar
“closes”
at
5:00PM
EST
for
trade
opportunities
to
be

considered
after
the
open
of
the
next
bar
which
occurs
as
of
the
first
trade
after

5:00PM
EST.

In
actual
practice,
because
the
markets
are
relatively
quiet
during

this
time,
trades
for
the
new
daily
bar
can
be
placed
anywhere
from
5:00PM
to

7:00PM
EST
when
the
Tokyo
session
begins.

Trading
in
this
manner
then
requires

only
a
few
minutes
each
day
at
the
same
time
without
worrying
about
an
open

position
if
it
is
properly
protected
with
stops
and
profit
targets.




Copyright
©
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Run,
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                              Page
24
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98



                         Power
Forex
Profit
Principles







                                                                                      

                                 Figure
5
‐
GBP/USD
Daily
Chart



Figure
5,
shows
a
plot
of
a
daily
chart
for
the
GBP/USD
pair
using
VT
Trader
with

the
same
technical
indicators
as
the
previous
chart.


With
this
software,
it
is
a

simple
matter
to
toggle
from
one
pair
to
the
other
for
quick
visual
analysis.



If
you
look
closely
at
the
chart
from
left
to
right
again,
you
can
see
that
this

market
was
chopping
sideways
until
a
major
move
up
occurred
over
a
period
of

more
than
20
days
and
then
the
market
reversed
abruptly
and
retraced
that

entire
gain
even
faster.

After
which
a
new
rally
started.

Again,
this
type
of

behavior
is
typical
of
what
you
can
expect
to
see
on
a
daily
chart
and
these

shorter
term
trends
can
definitely
be
traded
using
good
end‐of‐day
trading

methods.

You
can
also
see
that
if
you
do
not
pay
close
attention
to
risk

management
that
these
abrupt
swings
could
do
great
damage
to
your
account.


Like
any
endeavor
that
offers
great
reward,
you
must
get
the
proper
education

and
training
in
order
to
stay
out
of
trouble
and
realize
that
potential.







Copyright
©
Profits
Run,
Inc.
                  
                      Page
25
of
98



                         Power
Forex
Profit
Principles



                What
are
the
attributes
of
a
good

                    Forex
trading
method?



A
good
trading
method
should
be
as
simple

as
possible
to
provide
a
powerful
edge
to

the
disciplined
trader
that
is
based
upon

specific
setup
conditions,
entry
rules,
initial

stops,
and
exit
strategy.

In
addition
the

management
of
position
size
and
number

of
positions
must
be
according
to
strict

money
management
rules.


A
good
trading

method
also
must
be
relatively
easy
to

follow.



Setup
conditions
–
These
are
the
specific

requirements
that
must
be
met
to
consider

a
pair
for
a
trade.

These
requirements
are

expressed
in
terms
of
technical
analysis
indicators,
patterns
and
price
action.

The

aim
here
is
to
only
consider
a
trade
when
the
market
meets
these
pre‐set

conditions
and
to
stand
aside
otherwise.
This
is
one
of
the
ways
required
to
put

the
odds
in
your
favor.



Entry
Rules
–
Once
the
setup
conditions
are
in
place,
entry
rules
define
the

trigger
necessary
to
actually
enter
into
the
trade.

This
usually
means
that
price

must
behave
in
a
certain
way
in
order
to
“trigger”
into
a
trade
using
either
a

market,
stop,
or
limit
order.



Initial
Stop
Rules
–
These
are
the
rules
that
govern
how
a
new
position
should
be

protected
from
an
adverse
move
in
the
market.

Since
there
is
always
risk
when

trading
the
Forex
markets,
it
is
very
important
to
know
the
appropriate
place
to

place
the
initial
stop
order.

Placed
too
close
to
the
market
risks
being
stopped

out
prematurely.

Placed
too
far
from
the
market
takes
on
too
much
risk.

This
is

one
of
the
most
critical
aspects
of
trade
management.

Effective
Initial
Stops

should
be
place
where
you
don’t
expect
the
market
to
go
and
if
it
does,
the

premise
of
the
trade
is
over
and
you
should
exit
the
trade
with
a
small
loss.



Exit
Strategy
Rules
–
These
rules
govern
how
to
manage
a
trade
to
exit
the
trade

profitably,
if
the
Initial
Stop
Rules
have
not
been
applied
to
the
trade.
These
rules



Copyright
©
Profits
Run,
Inc.
            
                             Page
26
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98



                         Power
Forex
Profit
Principles



should
strike
a
balance
between
protecting
open
profits
as
much
as
possible
and

exiting
a
market
too
soon
and
missing
favorable
market
moves.



                  Why
don’t
all
setup
conditions

                     trigger
into
positions?

                                             

There
is
a
common
misunderstanding
among
many
beginners
that
if
a
trading

method
is
good
then
any
time
the
setup
conditions
as
defined
by
that
method

occur,
then
that
means
it’s
OK
to
go
ahead
and
enter
the
market.


As
seasoned

traders
know,
this
is
not
always
the
case.





In
order
to
have
an
edge
when
trading
the
markets,
a
successful
trader
waits
for

conditions
to
develop
that
may
signal
a
good
trade
opportunity.

But
when
these

conditions
develop,
which
are
usually
called
“setup
conditions”,
that
oftentimes

only
means
that
the
trader
should
be
on
alert
to
a
trading
opportunity.





An
actual
trade
does
not
occur
unless
after
the
setup
conditions
are
in
place
a

trigger
also
occurs.

The
trigger
is
necessary
to
confirm
that
the
market
will
move

in
the
intended
direction
before
entering
the
market.

This
is
a
very
important

concept,
as
it
is
common
to
have
several
setup
condition
alerts
that
do
not

trigger.




So
the
moral
of
this
story
is
that
it
is
perfectly
OK
(and
expected)
for
setup

conditions
to
NOT
trigger.
That
means
conditions
are
no
longer
good
for
the

trade,
and
you
are
being
protected
because
you
didn’t
enter
that
trade.

Amateurs
and
beginners
will
sometimes
assume
a
trading
method
is
‘not

working’
because
setup
conditions
have
not
been
triggered
into
a
position.

Nothing
could
be
further
from
the
truth.




     What
are
the
best
technical
indicators
to
use?



At
last
count
there
are
over
100
technical
indicators
available
in
most
charting

software
packages.

There
is
no
magic
in
the
indicators
themselves
as
they
all

strive
to
tell
you
something
about
how
the
market
is
behaving
at
a
point
in
time.


And
it
is
not
that
some
are
better
than
others,
rather
the
key
to
using
indicators

successfully
is
to
select
only
a
few
that
complement
each
other
and
to
use
them

in
an
uncommon
manner
together
with
powerful
trading
tactics.



Copyright
©
Profits
Run,
Inc.
            
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                         Power
Forex
Profit
Principles



The
tendency
of
amateur
traders
is
to
over‐complicate
things.
They
want
to
use

(or
misuse,
really)
too
many
indicators
and
patterns,
and
think
that
to
be

successful,
there
must
be
a
bunch
of
complexity
that
is
required
in
a
good
trading

method.

Nothing
could
be
further
from
the
truth.

Simple
is
better,
by
far,
for

several
reasons.



    1. Using
too
many
or
the
wrong
indicators
is
counterproductive,
as
the

        information
that
those
indicators
provide
is
counterintuitive
and
just
plain

        misleading.

        

    2. Using
a
few
simple
indicators
in
a
uniquely
powerful
way
can
provide
the

        right
information
necessary
to
make
good
trading
decisions.

        

    3. With
the
right
indicators
and
patterns,
you
will
be
far
more
likely
to
trade

        with
discipline
because
you
will
be
able
to
understand
an
objective
set
of

        rules
that
the
right
indicators
and
patterns
can
provide.



Let
me
comment
on
a
phenomenon
that
I
see
time
and
time
again.
Hopefully,

you
will
not
fall
victim
to
this.
Here
it
is:
You
research
a
new
trading
method
and

ultimately
buy
it.
Then
you
quickly
flip
ahead
to
what
you
consider
to
be
“the

meat”
of
the
method,
and
totally
ignore
the
more‐important
aspects
of
risk

management,
discipline,
and
psychology.
Then
you
examine
the
method,
looking

for
a
big,
mysterious,
jaw‐dropping
“secret”
that
will
let
you
predict
each
and

every
market
move
like
a
modern‐day
Nostradamus.
You
look
for
a
complicated

formula,
or
you
look
for
some
cryptic
combination
of
indicators
that
must
be

good,
because
they’re
just
so
complicated
looking!
Wow!



Then
what
happens
is
you’ll
typically
burn
yourself
out
trying
to
apply
it.
You’ll

become
frustrated
when
the
method
doesn’t
work.
Or,
you’ll
blame
yourself
for

not
being
smart
enough
to
understand
or
apply
the
method.
Then
you’ll
put
the

method
on
the
shelf,
only
to
occasionally
glance
at
it
in
wonder
from
time
to

time.
Wondering
why
you
couldn’t
get
what
you
still
assume
to
be
a
great

method
to
work.








Copyright
©
Profits
Run,
Inc.
            
                            Page
28
of
98



                         Power
Forex
Profit
Principles



But
here’s
what
can
also
happen.
In
the
example
above,
after
you
discover
that

“the
meat”
of
the
method
is
very
simple,
easy
to
understand,
and
only
uses
a
few

common
indicators,
you
become
perplexed.
You
may
even
become
disappointed.

After
all,
in
your
mind,
you
expected
some
labyrinthine
skeleton
key
that
would

unlock
the
mysteries
of
the
forex
markets
once
and
for
all.
You
may
even
be

tempted
to
“throw
in
the
towel”,
instantly
give
up
the
method
and
send
it
back
–

just
because
it’s
not
“complicated”
enough.



What?!
That’s
just
crazy.
But
I
have
to

admit,
I
went
through
a
period
in
my

younger
(and
poorer)
days
when
I

thought
a
bit
like
that.
Time
and

experience
have
finally
taught
me,
and

much
to
my
relief,
that
complicated
is

usually
not
good,
and
simple
is
almost

always
better.
If
those
traders
that
are

still
cursed
with
that
“complexity

mindset”
would
just
try
a
“simple”

trading
method,
they
would
be
doing

themselves
a
HUGE
favor
(not
to

mention,
potentially,
their
trading

accounts).
This
goes
for
both
true

beginners
as
well
as
traders
who
think
of

themselves
as
“experts”.



Again,
the
key
here
is
simple,
but

powerful.

Use
just
a
few
indicators,

applied
in
a
manner
that
is
not
the
usual
textbook
approach.

That
is
what
can

give
you
an
edge
trading
the
markets.



Incidentally,
the
unfortunate
truth
of
the
matter
is
that
the
old
80/20
rule
will

come
into
play
here
(except
in
trading,
it’s
more
like
90/10,
or
95/5),
and
80
to

95%
of
the
traders
that
just
read
this
section
and
nodded
their
heads
in

agreement
will
completely
ignore
this
advice
and
fall
right
back
into
the
trap

described
above.
It’s
a
near
certainty,
and
that’s
too
bad.
So
I
really
urge
you
to

go
back
and
read
this
section
again,
and
hopefully
you
can
escape
the
self‐
sabotaging
patterns
that
are
separating
most
traders
from
failure
and
success
in

the
markets.





Copyright
©
Profits
Run,
Inc.
           
                            Page
29
of
98



                         Power
Forex
Profit
Principles



Let’s
take
a
look
now
at
some
examples
of
a
few
indicators
that
can
be
used
to

form
the
basis
of
very
powerful
trading
methods.







                                                                                    

                                 Figure
6
‐
USD/CHF
Daily
Chart



Figure
6
shows
some
typical
and
not
so
typical
indicators
applied
to
the
USD/CHF

pair
using
VT
Trader.

First,
notice
that
two
simple
moving
averages
have
been

plotted
on
the
chart
(in
blue
and
red).

These
are
commonly
used
indicators.

I

have
also
plotted
moving
average
envelopes
which
are
a
fixed
percentage
above

and
below
the
blue
moving
average.


These
are
not
so
commonly
used
and
can

be
very
helpful
supporting
various
quick
hit,
in
and
out
trading
strategies
that

only
need
attention
once
a
day
at
the
5:00PM
EST
daily
“close”.







Copyright
©
Profits
Run,
Inc.
                  
                    Page
30
of
98



                         Power
Forex
Profit
Principles







                                                                                  

                                 Figure
7
‐
USD/JPY
Daily
Chart



Figure
7
shows
some
additional
indicators
applied
to
the
USD/JPY
pair
using
VT

Trader.

On
this
chart,
I
am
applying
a
longer
term
moving
average
in
purple

together
with
two
very
short
term
moving
averages
in
brown.

The
long
term

moving
average
is
based
on
the
closing
price
while
the
short
term
moving

averages
are
based
on
the
high
and
close
respectively.

Also
included
is
the
ADX

at
the
bottom
of
the
chart.

This
is
what
I
mean
when
I
say
the
key
to
developing

an
edge
when
trading
the
markets
is
to
combine
a
few
indicators
in
an

uncommon
way.

Each
of
these
configurations
is
designed
to
exploit
a
certain

behavior
in
the
market.

But
the
indicators
alone
are
insufficient;
only
when

combined
with
powerful
trading
tactics
does
the
power
of
a
good
trading
method

emerge.







Copyright
©
Profits
Run,
Inc.
                  
                    Page
31
of
98



                         Power
Forex
Profit
Principles







                                                                                      

                                 Figure
8
‐
USD/CAD
Daily
Chart



Figure
8
shows
a
configuration
we
reviewed
in
an
earlier
question
applied
this

time
to
the
USD/CAD
pair
using
VT
Trader.

On
this
chart
I
am
applying
two

simple
moving
averages
plotted
in
blue
and
red
and
the
ADX
indicator
plotted
at

the
bottom
in
brown.



This
set
of
indicators
when
combined
with
different
trading
tactics
is
designed
to

capture
longer
term
moves
in
the
Forex
markets
such
as
occurred
on
this

USD/CAD
pair
beginning
at
the
left
hand
side
of
the
chart
and
continuing
for
over

5
months.

These
mega
trends
can
only
be
captured
by
trading
the
daily
bar

charts.







Copyright
©
Profits
Run,
Inc.
                  
                     Page
32
of
98



                         Power
Forex
Profit
Principles







                                                                                   

                                 Figure
9
‐
AUD/USD
Daily
Chart



Figure
9
shows
another
combination
of
indicators
applied
to
the
AUD/USD
pair

using
VT
Trader.

On
this
chart,
I
am
applying
an
intermediate
term
moving

average
in
red
together
with
slow
stochastics
and
ADX
in
the
two
panels
below

the
price
chart.

The
intermediate
term
moving
average
is
based
on
the
closing

price.

This
set
of
indicators
when
combined
with
different
trading
tactics
is

designed
to
capture
sudden
trend
reversal
waves
such
as
occurred
on
this

AUD/USD
pair
just
to
the
right
of
the
center
of
the
chart
and
continuing
for

almost
3
months.


                What
simple
strategy
can
I
use
to

                   find
good
entry
points?



The
general
approach
that
I
use
is
to
develop
specific
setup
conditions
that,
when

present
in
the
market,
indicate
that
I
should
consider
entering
into
a
new

position.

So
the
first
thing
is
to
identify
the
conditions
that
occur
relatively



Copyright
©
Profits
Run,
Inc.
                  
                     Page
33
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98



                         Power
Forex
Profit
Principles



infrequently
in
the
market,
but
that
when
they
do,
a
high
probability
opportunity

may
await.



This
is
a
very
important
concept,
because
one
of
the
keys
to
successful
Forex

trading
is
to
wait
patiently
for
the
prime
opportunity
to
enter
the
market.


Amateurs
too
often
become
impatient
and
want
to
trade
just
for
the
sake
of

trading
and
consequently
enter
the
market
under
other
than
ideal
conditions.

This
greatly
reduces
the
chance
of
a
successful
trade.







                                                                                          

                     Figure
10
‐
GBP/USD
Daily
Chart
Entry
Point
Examples



Amateur
traders
that
do
this
are,
in
effect,
trying
to
force
the
market
to
come
to

them
on
their
terms.
Guess
what?
The
market
doesn’t
care!
It’s
going
to
do
what

it’s
going
to
do
and
there
is
nothing
you
can
do
about
it
except
for
one
thing.


And
that
is
to
wait
for
the
market
to
develop
according
to
predefined
setup

conditions
and
only
when
that
happens
is
it
appropriate
to
consider
a
trade.

In

that
way,
you’re
not
forcing,
but
rather
waiting
for
the
market
to
come
to
you,

which
makes
a
world
of
difference.



Another
key
concept
to
find
entry
points
that
is
common
to
most
types
of
trend

trading
is
to
attempt
to
buy
into
support
levels
and
sell
into
resistance
levels.

The


Copyright
©
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Run,
Inc.
                 
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98



                         Power
Forex
Profit
Principles



success
or
failure
of
this
attempt
lies
in
the
robustness
of
the
setup
conditions

defined
in
the
trading
method.



Once
the
setup
conditions
are
in
place,
specific
entry
rules
need
to
be
followed
to

“trigger”
the
actual
trade.
For
example,
one
of
the
pairs
that
you
are
following

may
meet
the
setup
conditions
for
a
long
trade.
Now,
depending
on
the
trading

method,
the
entry
order
could
be
a
Stop
order
that
says,
“Only
buy
if
the
market

trades
above
a
certain
level”
which
confirms
the
resumption
of
the
uptrend.
Or,
it

could
be
a
Limit
order
which
says,
“Buy
only
if
the
market
trades
down
to
a

support
level”,
defined
by
a
moving
average
or
Fibonacci
level
or
old
highs,
etc.



There
is
no
one
right
way
to
do
this.
However,
the
precise
entry
trigger
point
has

to
be
integral
to
the
other
features
of
the
overall
trading
method,
including

planned
risk
in
the
trade.

The
entry
point
rules
of
the
method,
by
necessity,
will

determine
the
stop
loss
point
and
consequently
planned
risk
in
the
trade.

The

two
go
hand
in
hand.


         How
can
I
determine
the
initial
stop
loss,

             trailing
stops,
and
exit
points?



Besides
money/risk
management,
I
believe
this
is
one
of
the
most
important

questions
regarding
a
good
trading
method.

It
should
go
without
saying
that
as

soon
as
you
enter
the
market
with
a
new
position,
an
initial
stop
order
should
be

entered
to
protect
the
position
against
an
adverse
move
in
the
market
or
an
exit

strategy
should
be
employed
to
cover
the
trade
if
the
market
closes
adversely.

If

such
a
move
occurs,
as
is
often
the
case,
you
want
your
position
liquidated
and

out
of
the
market
with
a
minimal
loss.





The
consequences
of
failing
to
do
this
are
that
you
will
not
be
successful
at

trading
‐
period.

In
fact,
every
trade
you
put
on,
you
should
plan
to
lose,
so
that

you
are
sure
to
place
your
stop
loss
order
or
cover
the
trade
on
an
adverse

close.

Otherwise,
what
would
have
been
a
small
loss
turns
into
a
big
loss,

throwing
the
entire
risk/reward
ratio
out
of
kilter
against
you.



That
being
said,
where
should
the
stop
be
placed?

The
short
answer
is,
“Where

you
don’t
expect
the
market
to
go”;
or,
more
specifically,
where
the
assumption

in
putting
on
the
trade
is
no
longer
valid.

For
example,
if
a
long
position
was

entered
into
after
an
uptrend
or
breakout
market
traded
back
down
to
support,

an
initial
stop
could
be
entered
below
the
recent
low
because
if
the
market
does


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                           Power
Forex
Profit
Principles



go
there,
support
(as
defined
by
that
low)
would
have
failed,
and
there
is
no

longer
any
reason
to
be
long
the
market
–
so
get
out!

Don’t
wait
around
for
it
to

come
back
in
your
favor
because
the
odds
are
against
it.





If
the
market
goes
in
your
favor
once
the
initial
stop
is
in
place,
then
you
need
a

set
of
rules
that
will
allow
you
to
exit
the
market
profitably.

This
poses
a
real

dilemma.

If
you
exit
too
soon,
you
may
secure
a
small
profit,
but
miss
out
on
all

those
big
moves
that
occur
(and
the
big
profits
that
go
with
them).

On
the
other

hand,
if
you
wait
too
long
to
exit,
the
market
may
reverse
and
take
away
all
of

your
open
profits
and
even
put
you
into
a
loss
position.







                                                                                                     

        Figure
11
‐
GBP/USD
Daily
Chart
Initial
Stop,
Trailing
Stops,
&
Profit
Target
Examples



So
what
do
you
do?

Well,
the
first
thing
is
to
realize
that
there
is
no
method
that

can
forecast
whether
or
not
a
particular
move
will:



    Go
against
you
immediately

    Go
up
only
a
little
before
going
back
down

    Go
up
a
lot
in
your
favor





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                         Power
Forex
Profit
Principles



For
example,
after
you
enter
a
long
trade
in
an
uptrend,
there’s
absolutely
no

way
to
predict
what
will
happen
next
(contrary
to
what
the
so‐called
“gurus”
tell

you).
Because
of
this,
you
absolutely
need
an
exit
strategy,
because
the
risk
of

loss
is
significant
no
matter
how
carefully
you
plan
your
entries
and
exits.





                          The
Optimal
Profit
Exit
Strategy



The
following
is
the
very
best
exit
strategy
that
I
believe
possible
when
trading

the
Forex
markets
on
an
end‐of‐day
basis.

I
call
it
the
Optimal
Profit
Exit

Strategy.


It’s
a
strategy
that
scales
out
of
a
trade
in
two
steps.

This
strategy
is

first
and
foremost
about
taking
an
initial
profit
as
soon
as
appropriate,
thereby

“taking
some
money
off
the
table”
and
reducing
the
risk
in
the
trade
at
the
same

time.





    1. Step
one
is
to
cover
1/2
of
your
position
at
a
pre‐determined
profit
target.


        The
profit
target
is
modest,
but
enough
to
make
the
trade
worthwhile
and

        the
specific
level
is
also
dependent
on
the
overall
method
being
used.


        Once
that
initial
profit
target
is
hit,
you
should
move
the
initial
stop
up
for

        the
remaining
1/2
of
the
position
to
the
lowest
low
of
the
past
3
days
for

        an
uptrend
trade
or
the
highest
high
of
the
past
3
days
for
a
downtrend

        trade.

You’re
now
out
of
1/2
of
the
trade
with
a
very
nice
profit
and
at
the

        same
time
you
are
prepared
to
ride
the
market
as
far
as
it
wants
to
go
in

        your
favor
for
the
remaining
1/2
of
your
position.

        

    2. The
remaining
1/2
position
should
remain
protected
by
a
trailing
stop

        always
based
on
the
lowest
low
of
the
past
3
days
(for
an
uptrend
trade).


        And
so
as
the
market
continues
to
move
up,
you
should
continuously

        move
the
stop
up
with
it.

This
locks
in
a
significant
portion
of
the

        remaining
open
profit
but
also
gives
the
market
enough
room
to
trade

        down
a
bit
without
shaking
you
out
of
the
trade
if
it
moves
higher.



With
this
strategy
you
should
be
prepared
to
take
advantage
of
the
market
after

entering
a
trade
no
matter
what
it
does.
And
that’s
a
big
deal.





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98



                         Power
Forex
Profit
Principles




    How
can
I
find
a
Forex
method
that
works
almost

       all
of
the
time
with
minimal
or
no
losses?



I
call
this
the
“Holy
Grail
Syndrome”
and,
of
course,
the
Holy
Grail
of
trading

simply
does
not
exist.

I’ve
talked
about
this
concept
many
times
since
I
started

training
individuals
to
trade
the
markets
back
in
2001,
but
it
bears
repeating

here.




                                             For
years,
I
refused
to
believe
in
this

                                             concept
and
was
forever
looking
for
or

                                             trying
to
develop
a
method
that
would

                                             always
win
with
no
losses,
or
certainly

                                             never
experience
two
losing
trades
in
a

                                             row.

I
wasted
years
of
my
life
with
this

                                             false
impression
about
what
it
would

                                             take
to
trade
successfully.

Don’t
fall

                                             into
the
same
trap.
While
the
holy
grail

                                             of
trading
does
not
exist,
nor
will
it
ever;

                                             thankfully,
it
is
not
necessary
in
order
to

                                             be
successful.

                                             

                                             What
is
necessary
as
I
have
emphasized

                                             repeatedly
in
this
report
is
a
trading

method
that
gives
you
an
edge
in
the
market,
the
discipline
to
trade
it
and
of

course
sound
money
management.

That
sounds
simple,
and
in
some
respects
it

is,
until
you
factor
us
humans
into
the
equation.

Consider
these
questions.





     1. Do
you
have
an
edge
in
trading
the
markets?

What
is
it?
If
you
don’t

         know,
then
you
do
not
have
an
edge.

         

     2. How
about
discipline
‐
can
you
really
follow
your
trading
method
without

         fail,
especially
after
two
successive
losing
trades?
What
about
three?

Or

         will
you
drop
the
method
and
search
for
something
else?
When
that

         happens
the
“Holy
Grail
Syndrome”
is
at
work.

         

     3. Then
there
is
money
management.

Are
you
allocating
the
appropriate

         level
of
funds
and
controlling
the
degree
of
risk
on
each
trade?







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                         Power
Forex
Profit
Principles



The
reason
most
traders
lose
is
that
they
cannot
answer
“Yes”
to
all
three

questions
listed
above.

And
I
believe
that
the
key
to
mustering
the
discipline

needed
to
be
a
winner
is
to
have
a
method
that
does
indeed
provide
a
winning

edge,
that
is
relatively
simple
to
apply,
and
that
uses
sound
money
management

practices.

Only
then,
in
my
opinion,
can
one
muster
the
required
discipline
to

trade
effectively.



So
do
yourself
a
favor
and
abandon
the
search
for
the
Holy
Grail.
Instead,
find
a

good
trading
method
that
fits
with
your
personality,
apply
sound
money

management
practices,
and
trade
it
with
discipline.


      How
can
I
minimize
downside
risk
while
still

      capturing
quality
gains
in
the
Forex
markets?



First,
you
must
have
a
good
trading
method.

But
even
more
importantly,
you

must
have
strict
money
management
rules;
without
them,
even
a
good
trading

method
will
eventually
fail.

I
have
found
that
in
order
to
be
effective
with
risk

management,
you
must
have
rules
that
are
simple
or
else
you
simply
won’t

follow
them.





For
example,
one
risk
management
method
is
called
Optimal‐f.

While
Optimal‐f

has
a
lot
going
it
for
it,
I
believe
it
is
too
complicated
to
be
of
practical
use.


Instead
I
believe
the
better
approach
is
as
follows:

Simply
risk
no
more
than
2%

of
your
account
size
on
any
one
position
and
no
more
than
8%
of
your
account

size
on
all
open
positions
at
a
point
in
time.

Risk
in
this
case
means
the
amount

you
plan
to
lose
if
the
trade(s)
goes
against
you.





So,
as
your
account
size
grows,
you
would
be
able
to
place
larger
and
larger

positions.

When
you
have
a
losing
trade
or
two,
you
would
be
reducing
the

amount
risked
and
therefore
the
position
size
on
the
next
trade.

So
this
is
a
very

simple
self
regulating
concept
that
keeps
your
positions
in
proper
alignment
with

your
account
size
at
all
times.

This
is
particularly
important
in
Forex
trading,

given
the
tremendous
leverage
offered
by
the
brokers.

The
last
thing
you
want

to
do
is
to
over
commit
to
a
trade
just
because
of
the
broker’s
low
margin

requirements.

By
the
way,
I
believe
that
most
Forex
traders
that
end
up
on
the

losing
end
do
so
because
of
poor
risk
management
more
than
any
other
factor.



Let’s
look
at
an
example.

Suppose
you
open
an
account
and
don’t
understand

the
importance
of
risk
management.

You
elect
to
risk
30%
of
the
initial
account


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                         Power
Forex
Profit
Principles



size
on
each
trade
(because
the
broker’s
margin
requirements
allow
it)
and
then

promptly
lose
three
trades
in
a
row.

Your
account
would
be
almost
completely

wiped
out
after
only
three
trades.





On
the
other
hand,
let’s
say
you
understand
the
importance
of
risk
management

and
risk
only
2%
of
the
account
size
on
each
trade.
Now
let’s
say
once
again
you

lose
three
trades
in
a
row.

This
time
you
would
have
lost
less
than
6%
of
your

initial
account
size
and
still
have
plenty
of
capital
left
for
additional
trades
where

one
good
trade
could
more
than
offset
the
three
losers.

You
might
say
that
this
is

an
extreme
example,
but
I
think
it
makes
the
case;
when
you
trade
with
proper

risk
management
rules,
you
stay
in
the
game.


                    What
account
size
do
I
need

                    to
trade
the
Forex
markets?



There
is
no
one
right
answer
to
that

question.

First,
you
should
only
trade

with
funds
that
you
can
afford
to
lose.

However,
Forex
brokers
allow
you
to

trade
standard
lots
and
mini
lots.

The

margin
(depending
on
the
pair
you
are

trading)
for
a
standard
lot
is
around

$1,000
and
for
a
mini
lot
around
$100.


So
technically,
you
could
open
an

account
with,
say,
$500
and
trade
5
mini

lots.

Of
course,
you
would
be
violating

your
risk
management
rules
and
would

probably
end
up
losing
your
stake.



The
key,
once
again,
is
to
risk
no
more

than
2%
of
your
account
size
on
any
one

trade
and
so
if
you
were
to
put
on
1
mini

lot
and
risk
50
pips,
that
would
be
about

$50
of
risk
in
the
trade
(for
a
US
dollar

counter
currency
pair).

That
means
you

would
have
to
have
an
account
size
of
at

least
$2,500
($2,500
x
2%
=
$50)
to
put
that
trade
on
without
violating
the
risk

management
rules.




Copyright
©
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98



                         Power
Forex
Profit
Principles



          Where
are
the
big
money
opportunities

                      trading
Forex?

                                             

In
many
respects,
the
Forex
markets
are
just
like
any
other
liquid
markets
such
as

stocks,
mutual
funds,
bonds,
or
commodities.

But
there
is
one
significant

difference
in
that
the
Forex
market
trends
are
generally
stronger
and
longer‐
lasting
and
occur
more
frequently
than
do
the
trends
in
other
markets.

In
fact,
it

is
quite
common
for
a
Forex
pair
to
begin
a
new
trend
that
lasts
for
several
weeks

or
sometimes
even
months.

I
call
these
the
Forex
mega‐trends.

When
you

combine
these
mega‐trend
opportunities
with
the
ability
to
leverage
a
small

account,
that
is
where
you
can
find
the
favorable
opportunities
trading
Forex.



Mega‐trends
have
been
known
to
offer
300
to
700
pip
ranges.

Now
those
are

truly
big
money
opportunities.



The
question
then
becomes,
“What
style
of
trading
is
needed
to
take
advantage

of
the
opportunities
offered
by
these
mega‐trends?”
Well,
we
can
rule
out
day

trading
because
day
trading
only
focuses
on
intraday
charts
that
are
based
on
5

minute,
10
minute,
etc.
bars
and
the
intraday
trends
that
develop
on
these
charts

with
the
objective
of
picking
off
20
to
50
pip
profit
opportunities.

And
when
the

day
is
done,
the
process
repeats
itself
for
the
next
day
without
any
regard
to
any

mega‐trend
that
might
be
underway.

The
problem
here
is
that
the
time
horizon

important
to
the
day
trader
is
only
one
single
day.



That
leaves
trading
on
an
end‐of‐day
basis
with
daily
bar
or
candlestick
charts.


Here
we
have
a
time
horizon
of
several
days,
weeks,
and
even
months
within

which
a
mega‐trend
can
be
identified.

By
applying
a
good
trading
method
to

these
daily
charts,
it
is
possible
to
get
on
board
a
mega‐trend
at
a
lower
risk
point

and
then
with
the
right
exit
strategy,
ride
that
mega‐trend
for
all
it’s
worth,

exiting
near
the
end
of
the
trend
after
several
hundred
pips
of
profit.




Let’s
look
at
some
charts
to
illustrate
this
point.







Copyright
©
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Inc.
            
                             Page
41
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98



                         Power
Forex
Profit
Principles







                                                                                   

                     Figure
12
–
USD/CAD
10‐minute
Bar
Chart
for
11/30/07



This
a
typical
day
trading
time
frame
where
the
day
trader
attempts
to
capture

20
to
50
pips
of
profit
sometime
during
the
day.

This
oftentimes
requires
several

hours
of
monitoring
the
market
in
order
to
spot
any
trade
opportunities
that
may

be
present
themselves
that
day.

The
daily
range
from
the
day’s
high
to
the
day’s

low
was
about
90
pips







                                                                                   

                       Figure
13
–
USD/CAD
Daily
Bar
Chart
9/07
to
11/07



Here
you
can
see
a
typical
mega‐trend
that
began
in
early
September
07
and

didn’t
end
until
early
November
07,
lasting
over
8
weeks
and
providing
over
1200

pips
of
profit
opportunity.

Now
that
is
a
mega‐trend
by
any
definition.

Compare


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                         Power
Forex
Profit
Principles



that
opportunity
to
the
relatively
small
opportunity
sometimes
available
to
day

traders.







                                                                                   

                     Figure
14
–
AUD/USD
10‐minute
Bar
Chart
for
11/30/07



Here’s
another
example
of
an
intraday
10
minute
bar
chart
with
a
daily
range
of

about
80
pips.

Day
trading
this
chart
requires
potentially
long
hours
and
limited

opportunity.







                                                                                   

                       Figure
15
–
AUD/USD
Daily
Bar
Chart
3/07
to
4/07



Here
is
another
typical
mega‐trend
that
began
in
mid‐March
‘07
and
ended
in

mid‐April
‘07,
lasting
over
5
weeks
and
providing
over
600
pips
of
profit


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                         Power
Forex
Profit
Principles



opportunity.

And
oftentimes
these
mega‐trends
will
occur
simultaneously
across

several
Forex
pairs.

The
difference
in
opportunities
between
day
trading
and

end‐of‐day
trading,
especially
when
you
consider
that
it
only
takes
20
minutes
a

day
to
trade
the
daily
bar
charts,
speaks
for
itself.



    How
do
I
determine
when
the
trend
is
optimal

        for
profitable
swing
trading?
(NEW)



Swing
trading
in
trending
markets
has
the
potential
to
capture
significant
market

moves
in
a
matter
of
5
to
20
price
bars
whether
one
is
trading
intraday
bars
or

daily
bars.

This
is
a
very
powerful
way
to
trade
as
major
profit
opportunities

present
themselves
in
these
trending
markets
that
a
swing
trader
can
take

advantage
of
with
a
good
trading
method.

The
challenge
is
to
get
on
board
the

emerging
new
trend
at
high
probability,
low
risk
points
so
that
if
the
trend
does

not
develop
as
expected,
the
trade
is
stopped
out
with
a
small
loss.

And
if
the

trend
does
develop
as
expected
into
a
significant
move,
the
trade
is
positioned
to

take
full
advantage.






However,
much
of
the
time
the
markets
are
not
trading
in
a
trend
but
rather
in
a

sideways
choppy
fashion.

And
when
the
markets
are
trading
this
way,
there
will

be
no
trend
following
opportunities
and
consequently
attempts
to
get
on
board
a

new
trend
will
be
stopped
out
for
a
loss.

Even
the
best
swing
trading,
trend

following
methods
will
get
chopped
up
with
a
series
of
losses
in
these
sideways,

choppy
markets.

And
this
is
where
many
traders
become
disillusioned
and
begin

to
abandon
an
otherwise
good
trading
method.



ADX
to
the
rescue.

This
is
a
wonderful
indicator
that
is
designed
to
identify
when

a
market
is
trending
and
when
it
is
not.

This
is
an
ideal
indicator
to
add
to
a
good

swing
trading
method
that
signals
sideways,
choppy
markets
like
a
red
flag
that

says
do
not
trade
in
these
markets.

When
the
ADX
is
low
(less
than
16),
that
is

the
red
flag
–
stay
out.

When
the
ADX
goes
back
above
16,
then
a
new
trend
is

likely
emerging
and
worthy
of
trading
in
accordance
with
the
rules
of
a
good

trend
following
method.


As
successful
traders
know,
it
is
just
as
important
to

know
when
to
trade
as
it
is
to
know
when
not
to
trade
and
the
ADX
indicator
is

an
invaluable
aid
in
knowing
the
difference.



The
following
chart
examples
will
demonstrate
how
effective
the
ADX
indicator

can
be
as
a
warning
of
non‐trending
markets.




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                         Power
Forex
Profit
Principles







                                                                                 

                                 Figure
16
‐
AUD/USD
ADX
Example







                                                                                 

                                 Figure
17
‐
EUR/USD
ADX
Example







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                         Power
Forex
Profit
Principles







                                                                                    

                                 Figure
18
‐
GBP/USD
ADX
Example   



    What
are
some
of
the
differences
between
various

        broker‐provided
Forex
software?
(NEW)



Unlike
free
stock
broker‐provided
charting
software,
most
free
Forex
broker‐
provided
software
is
actually
sufficient
to
support
Forex
trading
operations.

Each

Forex
broker
usually
has
either
a
proprietary
software
package
or
a
version
of
a

standard
package
such
as
Metatrader
4.
In
either
case,
the
charting
software
is

integrated
with
an
order
platform
so
that
buy/sell
orders
can
be
placed
directly

from
the
charting
software
screens
without
having
to
switch
to
another
order

venue.





The
differences
among
broker‐provided
software
and
trading
platforms
are

minor
as
most
provide
the
flexibility
to
view
price
charts
in
any
timeframe
as
well

as
apply
any
of
the
over
100
technical
analysis
indicators
commonly
used
in
all

trading.

Likewise,
the
integrated
trading
order
platforms
are
very
similar
in
the

mechanics
required
to
place
an
order.

This
is
very
good
news
to
Forex
traders

because
it
makes
setting
up
charts
and
chart
templates
a
simple
easy
process.


And
when
it
comes
to
placing
orders,
a
simple
click
on
the
chart
of
the
Forex
pair

being
traded
is
all
it
takes
to
bring
up
the
order
window.




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                         Power
Forex
Profit
Principles



Here
is
an
example
of
a
typical
broker
provided
charting
software
and
integrated

trading
platform
by
GFT
called
DealBook
360.

This
particular
chart
(Figure
19)
is
a

daily
bar
chart
of
the
USDCHF
pair
using
candlesticks.

With
a
click
of
the
mouse,

you
can
change
the
timeframe
to
5
minute
bars,
10
minute
bars,
hourly
bars,
etc.


Whatever
timeframe
you
desire
and
the
chart
will
immediately
change
for
you.


Or
you
can
create
multiple
charts
with
different
timeframes
for
the
same
pair
or

for
different
pairs
all
appearing
on
the
same
screen
for
ease
of
comparison
from

one
chart
to
the
other.







                                                                           

                                 Figure
19
–
DealBook
360



The
next
chart
(Figure
20)
shows
an
order
window
that
pops
up
by
simply
right

clicking
on
the
price
chart
and
indicating
they
type
of
order
desired.

In
this
case,

it
is
an
order
to
sell
short
1
lot
at
the
current
market
bid
price
of
1.0185.

Clicking

the
submit
button
will
bring
up
a
confirmation
window
which
when
clicked
will

immediately
place
the
order
and
you
will
be
filled
at
or
around
the
current

market
bid
price.

While
the
strategies
and
trading
methods
used
to
trade
the

Forex
markets
require
a
good
deal
of
study,
the
process
of
actually
placing
orders

is
very
easy
to
do.





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©
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Run,
Inc.
               
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47
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98



                         Power
Forex
Profit
Principles







                                                                        

                                 Figure
20
‐
DealBook
360



Figure
21
shows
an
order
window
that
pops
up
when
you
click
on
the
price
chart

and
indicate
that
you
want
to
buy
1
lot
of
the
USDCHF
pair
at
the
market
price

which
in
this
example
is
at
1.0189
ask.

Again,
by
clicking
on
the
submit
button,
a

confirmation
window
will
appear
which
when
clicked
will
immediately
place
the

buy
order
and
you
will
be
filled
at
or
around
the
current
market
ask
price.







                                                                        

                                 Figure
21
‐
DealBook
360


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98



                         Power
Forex
Profit
Principles



Figure
22
shows
an
order
window
that
pops
up
when
you
click
on
the
price
chart

and
indicate
that
you
want
to
buy
4
lots
of
the
USDCHF
pair
using
a
Stop
order

(which
will
only
be
filled
if
the
market
trades
at
or
above
your
stop
price).

In
this

case,
you
must
enter
the
stop
price
in
the
“ask”
box
because
this
is
not
a
market

order,
but
rather
a
stop
order.

Then
click
submit
and
the
order
confirmation

window
will
appear
which
when
clicked
will
immediately
place
the
order
but
in

this
case
you
will
only
be
filled
if
the
market
trades
at
or
above
your
stop
price.


When
placing
conditional
orders
such
as
stop
orders
you
will
also
need
to
specify

whether
the
order
is
good
for
the
current
session
only
or
good
until
cancelled.







                                                                          

                                 Figure
22
‐
DealBook
360



Figure
23
shows
an
order
window
that
pops
up
when
you
click
on
the
price
chart

and
indicate
that
you
want
to
sell
short
1
lot
of
the
USDCHF
pair
using
a
Limit

order
(which
will
only
be
filled
if
the
market
trades
at
or
above
the
your
limit

price).

In
this
case,
you
must
enter
the
limit
price
in
the
sell
box
because
this
is

not
a
market
order,
but
rather
a
limit
order.

Then
click
submit
and
the
order

confirmation
window
will
appear
which
when
clicked
will
immediately
place
the

order
but
in
this
case
you
will
only
be
filled
if
the
market
trades
at
or
above
your

limit
price.

And
like
the
stop
order,
you
will
need
to
specify
whether
the
order
is

good
for
the
current
session
only
or
good
until
cancelled.







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Inc.
               
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49
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98



                         Power
Forex
Profit
Principles







                                                                      

                                 Figure
23
‐
DealBook
360



Figure
24
shows
an
indicator
window
that
is
used
to
plot
any
of
the
over
100

technical
analysis
indicators
available.

In
this
example,
Moving
Average
Simple

has
been
highlighted.

This
will
bring
up
a
window
asking
for
the
parameters
for

this
indicator,
in
this
case,
it
would
be
the
length
of
the
moving
average.









                                                                      

                                 Figure
24
‐
DealBook
360



Once
the
length
parameter
is
entered,
a
click
of
the
submit
button
will

immediately
plot
the
selected
moving
average
on
the
price
chart
(Figure
25).


Other
indicators
can
then
be
added
as
desired
in
the
same
manner.

Also,
it
is


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                         Power
Forex
Profit
Principles



very
easy
to
save
your
chart
settings
and
indicators
as
a
chart
template
for
easy

retrieval.







                                                                       

                                 Figure
25
‐
DealBook
360



Figure
26
shows
another
broker’s
charting
software
and
trading
platform,
namely

Forex.com.









                                                                       

                                  Figure
26
–
Forex.com



And
Figure
27
shows
a
third
example
of
charting
software
and
trading
platform

from
MetaTrader
4
which
is
software
used
by
several
brokers.

In
both
cases,
the


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                         Power
Forex
Profit
Principles



format
is
a
little
different
than
with
DealBook
360
but
the
functionality
is
the

same
and
just
as
easy
to
use.









                                                                         

                                 Figure
27
–
MetaTrader
4



And
there
are
of
course
several
other
charting
software
and
trading
platforms

available
with
other
brokers
with
almost
all
of
them
working
very
similar
to
these

examples.
Let’s
take
a
look
at
another
one
of
them,
VT
Trader,
in
the
next

section.

                           

       How
are
orders
placed
with
Forex
brokers?

                                          

Placing
Forex
orders
is
most
commonly
done
online
through
your
broker’s
order

platform
that
is
often
integrated
with
your
broker’s
charting
software.

This
is

very
easy
to
do
once
you
understand
the
order
mechanics.





Following
are
examples
of
typical
order
placements
using
VT
Trader
charting

software
and
order
platform.

This
information
is
readily
transferable
to
most
any

broker’s
charting
software
and
order
platform
as
they
are
all
very
similar
in
the

way
they
operate.



I’m
providing
this
information
here
simply
to
demonstrate
how
easy
it
is
to
place

Forex
orders
because
I
get
a
lot
of
questions
from
newcomers
about
this.
If

you’re
a
more
experienced
trader,
then
this
information
will
be
‘old
hat’
to
you.




Copyright
©
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Run,
Inc.
               
                          Page
52
of
98



                         Power
Forex
Profit
Principles









                                                                                    

                          Figure
28
–
AUD/USD
Daily
Bar
Chart
11/07



Here
is
a
typical
daily
bar
chart;
in
this
case
it
is
for
the
AUD/USD
pair.

I
will
use

this
chart
to
demonstrate
how
to
place
a
market
order
to
buy
this
pair
and
then

how
to
place
a
stop
order
protecting
the
position.







                                                                                    

                        Figure
29
–
Initiate
an
order
to
buy
at
the
market



In
order
to
place
an
order
to
buy
at
the
market,
we
right‐click
on
the
chart
above

the
current
market
price
and
then
a
window
pops
up
as
shown
on
this
chart.


Next,
select
“Buy”
in
the
pop
up
menu.




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                            Page
53
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98



                         Power
Forex
Profit
Principles







                                                                             

                             Figure
30
–
Open
Positions
Window



Another
window
will
pop
up
called
“Open
Positions”.







                                                                             

                             Figure
31
–
Open
Positions
Window



Here
you
want
to
enter
the
number
of
lots
you
will
be
buying.

In
this
example,

we
will
place
a
market
order
to
buy
1
standard
lot.

(The
procedure
for
a
mini
lot

account
would
be
the
same,
except
you
would
be
buying
1
mini
lot
instead.)

So

you
just
type
in
“1”
in
the
“amount
per
account
row”
and
click
“OK.”







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98



                         Power
Forex
Profit
Principles







                                                                              

                         Figure
32
–
Request
for
Confirmation
Window



This
window
is
requesting
confirmation
that
you
want
to
go
ahead
and
place
the

order.

Just
click
“OK”
and
your
market
order
will
be
immediately
placed
and

because
it
is
a
market
order,
it
will
be
filled
immediately
at
the
current
“ask”

price.







                                                                              

                             Figure
33
–
AUD/USD
Daily
Bar
Chart



Once
you
click
“OK”
above,
you
are
now
long
1
AUD/USD
pair
and
you
are

returned
to
the
daily
bar
chart.





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©
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Run,
Inc.
                
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55
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98



                         Power
Forex
Profit
Principles







                                                                                     

                              Figure
34
–
Open
Positions
Window



If
you
then
click
on
the
Open
Positions
tab,
a
window
will
open
that
shows
your

current
position;
in
this
case,
that
you
bought
1
AUD/USD
pair
at
0.8844
(under

the
open
column),
the
“close”
column
shows
the
current
price.

Other
columns

include
“stop,
limit,
and
open
profit/loss.”

To
enter
a
stop
order,
to
protect
the

long
position,
you
just
right
click
on
the
stop
box
and
a
new
menu
opens.







                                                                                     

                    Figure
35
–
Open
Positions
Window
with
Right‐Click
Menu



From
this
menu
you
then
left‐click
on
the
word
“stop.”





Copyright
©
Profits
Run,
Inc.
                 
                               Page
56
of
98



                         Power
Forex
Profit
Principles







                                                                                      

                  Figure
36
–
Open
Positions
Window
with
Stop
Order
Window



Within
this
window
you
then
enter
your
stop
price;
in
this
case,
we
entered

0.8744,
meaning
we
want
to
sell
the
position
if
the
market
drops
to
that
price.


And
then
left‐click
the
submit
button.







                                                                                      

            Figure
37
–
Open
Positions
Window
with
Request
for
Confirmation
Window



Then
another
window
will
pop
up
called
Request
for
Confirmation.

After

reviewing
your
order
to
confirm
that
it
is
correct,
go
ahead
and
left‐click
on
the

“OK”
button
and
the
order
will
be
entered.





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©
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Run,
Inc.
                 
                                Page
57
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98



                         Power
Forex
Profit
Principles







                                                                             

                             Figure
38
–
Open
Positions
Window



This
will
return
you
to
the
Open
Positions
window,
showing
again
that
you

bought
1
AUD/USD
pair
at
0.8844,
but
now
it
also
shows
under
the
“stop”

column
that
you
have
an
open
stop
order
to
sell
at
0.8744.

If
you
wanted
to
also

enter
a
limit
order
above
the
market
at
a
profit
target
level,
you
would
just
click

on
the
“limit”
column
and
follow
the
same
procedure
as
above
to
also
enter
a

limit
order.



That’s
all
there
is
to
it.

And
once
you
have
practiced
this
procedure
several

times,
it
will
become
second
nature
to
you.



          The
4
"Golden
Rules"
That
Most
Traders

                  Will
NEVER
Learn
(NEW)

                                         

I
am
going
to
be
very
candid
with
you
right
now,
and
I
risk
alienating
myself
from

most
of
the
other
Forex
educators
out
there.
However,
I
had
to
make
a
decision:

tell
you
the
truth,
or
keep
my
mouth
shut
to
make
good
with
the
"old
boys"

network
of
Forex
"gurus".



Deep
breath...
here
it
goes...



I've
had
my
eyes
on
the
Forex
markets
for
years,
as
I
spent
a
ton
of
time
carefully

researching,
testing,
and
tweaking
every
course,
system,
and
method
I
could
get

my
hands
on
to
see
what
was
going
on.
So,
I
think
I've
seen
it
all,
and
for
the
most

part
‐
it's
ugly.

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©
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Inc.
               
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                         Power
Forex
Profit
Principles





I
have
4
"golden
rules"
that
I
use
to
determine
if
a
trading
method
is
good
for
me:



    1. It
must
be
a
complete
method,
with
setup
conditions,
entry
rules,
initial

        stop
rules,
and
exit
strategy
rules,
leaving
no
decision
to
chance.



    2. It
must
include
specific
risk
management,
money
management,
and

        portfolio
management
guidelines.



    3. It
must
be
based
on
technical
analysis,
but
it
must
not
be
a
100%

        mechanical
system.



    4. It
must
take
less
than
20
minutes
a
day
to
apply
after
learning
how
to

        trade
with
it.



Let
me
talk
about
item
#3
above
for
a
moment,
because
this
is
where
a
lot
of

traders
can
potentially
lose
a
lot
of
money.



When
you
rely
on
a
computer
to
make
100%
of
your
trading
decisions,
you
do

not
learn
how
to
become
a
trader,
and
you
never
will.
Instead,
you
learn
to

follow
directions.
This
can
be
extremely
dangerous
to
your
portfolio,
because

almost
every
system
I've
seen
since
1974
has
been
back‐tested
and
curve‐fit,

which
means
it
will
ultimately
fail,
or
at
least
not
live
up
to
its
past
hypothetical

results.



Now,
that
statement
might
get
me
into
trouble,
especially
with
younger
traders,

who
tend
to
believe
that
you
can
create
a
100%
mechanical
system
that
never
(or

rarely)
loses.
Folks,
that's
called
the
Holy
Grail,
and
a
week
doesn't
go
by
that
I

don't
get
an
email
from
someone
who
thinks
they
have
found
it.



By
the
way,
this
becomes
even
more
dangerous
when
you
base
your
livelihood

on
a
third
party
service
that
feeds
you
signals
every
day
without
telling
you
their

"secret
formula".
What
would
happen
to
you
if
they
went
out
of
business?



(Just
for
the
record,
I
believe
some
mechanical
systems
ARE
good,
at
least
for

awhile,
but
I
also
believe
the
only
way
to
maximize
their
use
is
if
you
truly

understand
how
to
trade
in
the
first
place.)







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©
Profits
Run,
Inc.
            
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                         Power
Forex
Profit
Principles



      What
MOST
Forex
Methods
Look
Like
(NEW)

                                             

If
you
take
a
close
look
at
most
of
the
so‐called
Forex
trading
methods
and

systems
on
the
market,
you’ll
find
they’re
littered
with
problems.
Specifically…



    1. Incomplete
method.
Many
of
the
courses
teach
a
TON
of
theoretical
stuff,


        which
is
all
very
interesting,
but
leaves
you
absolutely
no
step‐by‐step

        roadmap
to
help
you
make
money.



    2. Lack
of
risk
management.
Very
little,
or
a
complete
absence
of
any
risk

        management,
money
management,
or
portfolio
management
guidelines.



    3. Fundamental
analysis.
About
half
of
the
courses
and
systems
I’ve
seen
are

        based
on
fundamental
analysis,
which
generally
requires
a
lot
of
studying

        (time)
and
can
be
extremely
subjective.



    4. Day
trading.
Almost
every
course
or
system
I’ve
seen
requires
you
to
be

        glued
to
your
computer
for
hours
at
a
time.



NO
WONDER
so
many
traders
are
"losing
their
shirts"
attempting
to
trade
the

Forex
markets!



Can
you
"get
rich"
using
a
day
trading
method
or
"black
box"
system
that's

incomplete,
lacks
risk
management,
or
is
based
on
fundamental
analysis?
Sure

you
can.
You
can
also
win
a
million
bucks
playing
blackjack
in
Vegas.



Look...
trading
is
a
numbers
game,
and
to
succeed
you
need
to
stack
the
odds
in

your
favor.
So
why
not
control
everything
you
possibly
can?
Why
not
take
the

guesswork
out
of
every
decision
you
have
to
make?
Why
not
eliminate
as
much

uncertainty
as
possible
so
you
can
remove
the
stress
and
strain
most
people

associate
with
trading,
and
replace
that
with
confidence
and
purpose?



                   How
important
is
it
to
have
a

                        trading
mentor?

                                      

Mastering
good
trading
methods
can
be
done
without
a
mentor,
but
I
highly

recommend
having
access
to
a
mentor
because
a
mentor
can
do
several
things

for
you
as
a
Forex
student.



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©
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Run,
Inc.
          
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98



                         Power
Forex
Profit
Principles



With
a
mentor,
you
have
the
opportunity
to
dramatically
shortcut
your
learning

curve
by
checking
in
with
your
mentor
from
time
to
time
as
you
study
the
course

material
and
practice
applying
the
new
trading
methods
taught
in
the
course
by

paper
trading.

This
alone
will
save
you
a
great
deal
of
study
time
as
well
as
costly

mistakes.

                                            

                                            While
you
must
take
responsibility
to

                                            study
and
master
the
trading
methods,

                                            your
mentor
can
answer
any
clarifying

                                            questions
on
the
course
material
that

                                            you
may
have.

                                            

                                            (Caution:
many
so‐called
Forex

                                            “mentors”
merely
offer
canned

                                            material
and
sketchy,
if
any,
support.

                                            Be
sure
your
mentor
offers
a

                                            dedicated
support
team
to
answer

                                            your
questions.)

                                            

                                            Another
key
role
for
the
mentor
is
to

                                            verify
that
your
interpretation
of

                                            various
trade
opportunities
in
real

                                            time
markets
is
correct.

I
can’t
tell
you

                                            the
number
of
beginning
traders
or

                                            even
traders
with
some
experience

                                            that
give
up
on
a
great
trading
method

                                            because
it
“didn’t
work
for
me.”

And

the
reason
it
didn’t
work
for
them
is
that
they
were
not
applying
the
trading

methods
correctly
in
the
first
place.

Without
a
mentor,
these
traders
never
even

knew
why
others
were
somehow
successful
with
the
method
but
they
weren’t.


But
worse
yet,
those
that
had
access
to
a
mentor
never
asked
for
help
from
their

mentor.


Either
way
they
end
up
missing
mastering
the
great
method
that
they

have
before
them,
only
to
go
on
to
some
other
method
that
may
or
may
not
be

good
and
just
keep
repeating
the
process
with
success
never
having
been

achieved.



A
mentor
also
provides
encouragement
and
perspective
on
the
real
world
of

trading.

This
helps
you
overcome
any
learning
challenges
along
the
way.







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©
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Run,
Inc.
             
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98



                         Power
Forex
Profit
Principles



Realistic
expectations
are
another
thing
a
mentor
can
help
with.

So
many

beginners
fall
prone
to
the
“get
rich
quick”
hype
and
therefore
expect
to
achieve

double
digit
returns
month
in
and
month
out.

That
is
not
the
real
world.

There

will
be
profits
and
losses
and
good
months
and
bad
months.


As
a
diligent

student,
you
need
to
understand
this
and
stay
disciplined
as
you
await
your
next

great
profit
opportunity.



In
summary,
having
access
to
a
mentor
while
mastering
a
good
trading
method

can
greatly
enhance
your
probability
of
success.



          Forex
freedom
in
just
20
minutes
a
day?

                                           

As
I
said
before,
I’ve
been
teaching
thousands
of
folks
just
like
you
how
to
trade

the
markets
since
2001.
Back
then,
there
was
a
TON
of
trading
information
online

(and
offline,
for
that
matter).
And
today,
this
information
seems
to
have

multiplied
exponentially.

So
where
do
you
begin?

Well,
trading
is
a
very

personal
business
and
I’ve
always
maintained
that
you
need
to
trade
with
a

method
that
fits
your
emotions,
trading
style,
and
personal
lifestyle.



But
what
are
we
all
really
trying
to
achieve?
Honestly.
It’s
not
a
digital
trading

account
padded
with
a
bunch
of
zeros
is
it?
Sure,
we
all
want
to
make
a
profit
(a

BIG
profit,
right?),
but
what
we
ultimately
want
is
what
that
money
can
do
for
us.




There’s
something
to
be
said
about
lifestyle,
and
you
need
to
ask
yourself
a
very

personal
question.
What’s
the
right
mix
of
trading
and
non‐trading
activity
for

you?
When
it
comes
to
balancing
this,
I
think
I’ve
been
through
it
all.
In
my
early

days,
when
I
was
killing
myself
to
capture
profits
day
trading,
my
life
outside

trading
suffered
and
took
some
big
bruises.
I
remember
at
least
a
few
times

where
I
would
be
in
a
very
critical
meeting
at
my
day
job,
where
my
focus
was

needed
100%
to
truly
be
effective,
but
my
mind
would
wander
to
that
open
trade

I
had
just
placed
an
hour
earlier.
So
not
only
did
my
effectiveness
at
work
suffer,

but
my
trading
did,
too.



And
there
was
also
a
stretch
of
time
when
I’d
get
home
from
a
long
day
of
work,

see
my
wife
and
kids
at
dinner
and
then
disappear
into
my
trading
“lair”
with
a

pot
of
black
coffee,
as
my
wife
put
the
kids
to
bed
and
fell
asleep
without
me.



These
are
some
of
the
events
that
drove
me
to
discover
trading
methods
that

only
required
no
more
than
20
minutes
a
night
to
apply.
And
when
I
began


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                         Power
Forex
Profit
Principles



sharing
them
with
the
world
in
2001,
I
found
out
I
was
not
alone.
There
were

thousands
of
traders
out
there
who
felt
just
like
me.



However,
that’s
just
my
experience,
and
my
story.
You
need
to
look
at
your
story

and
decide
what’s
right
for
you.
You
may
love
staring
at
charts
for
hours
on
end

all
day
long.
If
that’s
you,
I
really
hope
it
works
out
for
you.
All
I
know
is
that’s
not

                                              for
me.

                                              

                                              But
however
you
decide
to
trade
the

                                              Forex
markets
(or
any
markets),
you

                                              need
to
do
one
of
two
things
to
be

                                              successful
based
on
my
experience:

                                              

                                                  1. Dedicate
years
of
your
life
to
test,

                                                     experiment,
tweak,
try,
invent,

                                                     etc.
a
good
trading
method
on

                                                     your
own.

                                                     

                                                  2. Invest
in
a
good
trading
method

                                                     developed
by
someone
who’s

                                                     already
gone
through
everything

                                                     described
in
item
1
above.

                                              

                                              Way
back
in
the
1970’s,
I
didn’t

                                              understand
this,
so
I
chose
option
one.
It

                                              took
me
years
to
finally
come
up
with

the
core
trading
concepts
that
I
know
to
be
true
and
effective.
The
funny
thing
is,

I
ran
into
a
handful
of
great
trading
methods
that,
had
I
had
the
right
mindset

and
understood
the
concepts
I
talk
about
in
this
report,
I
probably
would
have

avoided
years
of
losses
and
frustration.




All
I
know
is
that
if
I
had
a
time
machine,
I’d
go
back
in
time
to
1974
and
slap
my

younger
self
in
the
face
and
say,
“Don’t
even
think
about
it.
Good
methods

already
exist.
Find
them,
and
trade
them.”
I’d
also
give
myself
a
copy
of
this

report!



So,
some
traders
whine
and
complain
about
spending
money
to
learn
how
to

trade.
Or
they
moan
about
having
to
subscribe
to
a
monthly
data
feed
service
for

good
trading
data.
I
just
don’t
get
it!
Trading
is
a
serious
business.
In
the
broader

picture,
I
believe
spending
money
on
trading
education
or
on
charting
software
is


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                         Power
Forex
Profit
Principles



an
absolute
necessity
for
quickly
reaching
your
trading
goals
(and
thankfully,
with

Forex
trading,
most
brokers
will
give
you
great
software
for
free).
Sure,
you
can

go
to
the
library
or
read
every
free
article
you
can
find
online.
I
look
at
it
this
way:

You’re
going
to
spend
the
money
one
way
or
another
learning
how
to
trade;

either
in
losing
trades
over
time,
or
upfront
in
good
trading
education.



Let
me
be
clear.
This
report
is
not
a
trading
method.
It’s
merely
a
collection
of

questions
and
answers.
Yes,
I
believe
it
contains
some
very
good
information
that

can
be
used
with
any
trading
method
on
the
market,
whether
it’s
your
own
or

someone
else’s.
But
this
information
is
only
one
piece
of
the
larger
trading

puzzle.



Personally,
if
I
can
learn
just
one
new
insight
or
one
new
nugget
of
information

when
I’m
evaluating
a
new
trading
method,
then
whatever
time
or
money
I

invested
in
it
was
totally
worth
it
to
me.
And
as
you
become
a
more
experienced

Forex
trader,
you’ll
see
some
of
the
same
concepts
covered
again
and
again
in

various
trading
methods
and
courses.
But
that’s
OK!




Remember
what
I
said
about
simplicity.
You
don’t
need
an
overly‐complex

method
to
be
successful.
If
you
learn
just
one
new
technique,
or
if
you
see
a

familiar
concept
rephrased
in
a
way
that
creates
new
clarity
for
you,
then
your

time
and
investment
in
that
method
should
have
been
well
worth
it.
This
is

making
gradual
improvements
to
your
trading
success
over
time,
and
it’s

something
I
believe
all
of
us
as
traders
should
strive
for.



                Why
Are
You
Interested
In
Forex?



As
you’re
digesting
and
assimilating
all
the
information
in
this
report,
I
want
you

to
think
about
the
underlying,
core
reasons
why
you’re
actually
interested
in

trading
the
Forex
markets.

For
most
traders,
it’s
because
you
want
to
improve
or

change
something
that’s
not
working
for
you.



So,
to
help
you
out,
please
take
a
few
minutes
and
complete
this
short
activity

that
I
learned
from
Stephen
Pierce
a
few
years
ago.

I
think
you’ll
find
that
it
will

help
you
clarify
where
you
are,
where
you
want
to
go,
and
what
it’s
going
to
take

to
get
there.

If
you
haven’t
already
done
so,
I
highly
recommend
you
print
this

entire
report
out
so
you
can
actually
write
on
it
and
fill
in
your
answers
to
these

questions.

I’ve
found
by
doing
it
that
way,
this
exercise
will
be
much
more

effective
for
you.



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©
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                         Power
Forex
Profit
Principles



Now,
here’s
some
good
news
and
bad
news.
The
bad
news
is
that
the
odds
are

strongly
against
you
completing
this
activity.
Why?
Because
most
people
think

they
just
need
the
‘hard
stuff’
when
it
comes
to
trading,
and
spend
no
time

working
on
their
‘mental
edge’…
but
most
people
don’t
succeed
in
the
markets,

either.
Go
figure.



And
the
good
news?
If
you’re
unlike
most
people
and
actually
take
a
few

moments
to
complete
this
activity,
then
you’ll
automatically
have
an
edge
over

all
the
traders
who
refuse
to
do
it.
Think
about
that
for
a
minute…



(By
the
way,
if
you’re
an
analytical
person
like
I
am,
you
might
find
this
activity
a

little
weird
or
uncomfortable
–
I
know
I
did!

But
trust
me,
it
forces
you
to
think

about
what
you
really
want
in
life,
and
the
first
time
I
did
this
activity,
it
was
very

profound
for
me.

So
if
you’re
feeling
a
little
resistance,
go
ahead
and
smash

through
it
and
commit
to
taking
the
first
step
to
creating
the
future
you
want

RIGHT
NOW.)





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©
Profits
Run,
Inc.
              
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98



                         Power
Forex
Profit
Principles



    1. What
is
your
ultimate
dream?
This
can
be
anything
you
want
(for
example,

       retiring
early,
traveling
the
world,
sending
your
kids
to
college,
starting

       your
own
charity,
etc).

Describe
as
if
you
already
have
and
are
currently

       experiencing
it
right
now
(for
example,
“I
retired
at
age
40
and
am

       currently
on
a
world
travel
tour
with
my
wife.
So
far,
we’ve
visited
Italy,

       Spain,
and
Portugal,
and
have
8
more
cities
to
visit
this
year.”)

       

       _____________________________________________________________

       

       _____________________________________________________________

       

       _____________________________________________________________

       

       _____________________________________________________________

       

    2. What
does
your
dream
look
like?

Describe
it
in
as
much
detail
as
possible.

       (Continuing
with
the
example
above,
“My
wife
and
I
are
healthy
and
happy

       as
we
effortlessly
travel
first
class
from
country
to
country.

A
private

       limousine
picks
us
up
at
each
airport
we
land
at
whisks
us
off
to
the
next

       5‐star
hotel.”)

       

       _____________________________________________________________

       

       _____________________________________________________________

       

       _____________________________________________________________

       

       _____________________________________________________________

       

    3. What
does
your
dream
feel
like?
Again,
use
as
much
detail
as
you
can.
(For

       example,
“It
feels
so
good
to
be
free
and
to
be
close
to
my
family.

The

       stress
and
strain
I
used
to
wake
up
with
when
I
struggled
to
make
ends

       meet
is
now
gone.

I
feel
totally
relaxed
and
in
control
for
the
first
time
in

       my
life.”)

       

       _____________________________________________________________

       

       _____________________________________________________________

       

       _____________________________________________________________


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                         Power
Forex
Profit
Principles



       

       _____________________________________________________________

       

    4. Write
down
5
compelling
reasons
why
you
MUST
transform
this
dream

       into
reality.
(For
example,
“My
kids
are
getting
older,
and
I
MUST
spend

       more
free
time
with
them
before
they
grow
up
and
move
away.”)

       

       1)
___________________________________________________________

       

       

       2)
___________________________________________________________

       

       

       3)
___________________________________________________________

       

       

       4)
___________________________________________________________

       

       

       5)
___________________________________________________________

       

    5. Finally,
write
down
5
things
that
MUST
CHANGE
in
order
for
you
to

       achieve
your
dream.
(For
example,
“I
MUST
dedicate
at
least
20
minutes

       every
day
to
studying
successful
Forex
mentors”,
or
“I
MUST
find
a
good

       trading
method
I
can
rely
on
so
I
can
have
confidence
in
placing
trades”.)

       

       1)
___________________________________________________________

       

       

       2)
___________________________________________________________

       

       

       3)
___________________________________________________________

       

       

       4)
___________________________________________________________

       

       

       5)
___________________________________________________________




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©
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Run,
Inc.
          
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                         Power
Forex
Profit
Principles



Now,
save
these
pages
and
keep
them
somewhere
where
they
can
be
reviewed

every
day.
Even
though
I
did
this
a
few
years
ago,
I
still
keep
my
answers
next
to

my
trading
computer.

It
inspires
me
to
stay
focused
and
on
target,
and
I
hope

this
helps
you
do
the
same.



                         Forex
Survey
Summary

                                          

It
was
a
lot
of
fun
going
through
all
the

questions
I
got
from
conducting
this

survey
on
Forex
trading.
We
all
think
we

have
unique
problems
and
questions,

but
every
time
I
do
a
survey
I’m

reminded
that
we’re
not
so
different

after
all.



Remember
to
go
back
and
re‐read
these

questions
and
answers
at
least
a
few

times.

Something
that
you
missed
the

first
time
through
will
undoubtedly
jump

out
at
you
in
subsequent
readings.



Also
remember
that
the
Forex
markets

are
not
magical
or
mysterious.

They’re

just
markets.
Period.
And
you
can

potentially
pull
profits
out
of
the
Forex

markets
just
like
with
any
other
market.


So
with
a
good
Forex
trading
method
in

hand,
you
should
be
well
positioned
to
add
Forex
trading
to
your
own
personal

trading
“toolkit”.



I’d
like
to
thank
everyone
who
took
the
time
to
send
me
their
top
questions.
In

doing
so,
you
helped
a
lot
of
traders
who
will
read
this
report.
And
I
hope
you
got

at
least
one
useful
nugget
of
information
about
Forex
trading.
Remember,
you

are
not
alone
in
your
quest
to
successfully
trade
the
markets
–
as
always,
I
am

here
to
help
you.










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©
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Inc.
            
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                         Power
Forex
Profit
Principles



       “Forex
Profit
Accelerator”
Re‐Release
Date:

                Tuesday,
July
22nd,
2008





                                                                                      

                                 Figure
39
‐
Forex
Profit
Accelerator

                                           

In
September,
2007,
my
long‐awaited
Forex
Profit
Accelerator
home
study
course

was
released
to
the
trading
community,
and
all
950
copies
sold
out
in
about
10

days!




Now,
finally,
I’m
about
to
re‐release
555
more
copies
on
July
22nd,
2008.
This

groundbreaking
course
is
all
about
achieving
Forex
freedom
in
just
20
minutes
a

day,
and
it
will
be
released
at
10am
Eastern
(New
York
time)
on
that
Tuesday.



I
can’t
wait
for
traders
to
get
their
hands
on
this!

It’s
a
complete,
step‐by‐step

guide
that
shows
you
how
to
treat
the
24/7
Forex
markets
like
end‐of‐day

markets.

But
instead
of
showing
you
how
to
trade
just
one
method,
the
Forex

Profit
Accelerator
reveals
four
complete
methods
that
dramatically
increase
your

ability
to
potentially
pull
more
pips
out
of
the
markets.







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Run,
Inc.
                     
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                         Power
Forex
Profit
Principles



           I
Made
2
Astonishing
Forex
Discoveries



Those
of
you
who
have
been
following
my
teachings
know
how
much
I
LOVE

TRADING!

Even
though
I
have
a
solid
set
of
methods
and
techniques
I
use
for
my

own
trading,
I’m
constantly
tinkering
around
in
my
“trading
lab”.

Besides

spending
time
with
my
family,
it’s
what
I
like
to
do
in
my
spare
time.

Some

people
like
to
play
golf.

I’d
rather
be
trading.



Now,
because
of
my
position
in
the
trading
education
community,
I
am

approached
quite
frequently
by
other
traders,
systems
developers,
companies,

you
name
it.

Many
of
them
send
me
evaluation
copies
of
their
programs
and

methods
to
get
my
professional
feedback
and
opinion.

Some
of
the
material
I

receive
is
quite
good,
but
honestly,
most
of
it
is
incomplete.

The
reason
I
tell
you

this
is
to
impress
upon
you
the
amount
of
trading
material
I
have
in
my
personal

library
–
I
have
a
TON,
and
I
believe
I’ve
seen
just
about
every
type
of
program
on

the
market.



In
reviewing
all
this
material
and
in
examining
all
the
questions
I’ve
been

receiving
from
my
readers
and
students
about
Forex,
I
made
two
key
discoveries

that
were
astonishing
to
me.



First,
there
seems
to
be
a
flaw
in
the
perception
of
how
money
can
be
made
in

the
Forex
markets.

And
the
flaw
is
this:
it
seems
that
95%
of
all
Forex
traders

only
think
they
can
make
money
day
trading
these
markets.

It
actually
may
be

higher,
maybe
99%.

This
perception
is
very
dangerous,
in
my
opinion,
because

not
all
traders
are
psychologically
equipped
to
handle
day
trading,
so
they
get
in

over
their
heads
and
get
eaten
alive
until
their
trading
accounts
are
emptied

within
a
few
minutes
or
hours.
I’ve
seen
it
happen,
and
it’s
not
a
pretty
sight.



I’ve
already
told
you
my
opinion
on
day
trading
–
it’s
just
not
for
me.

If
you

prefer
that
style
of
trading,
then
more
power
to
you
(I
can
even
recommend

some
great
day
trading
Forex
courses).

But
the
vast
majority
of
my
readers
have

told
me
time
and
time
again
that
day
trading
is
not
for
them,
either.

And
that’s

great
news
for
them…



Why?



Because
the
other
discovery
I
made
was
how
to
treat
the
24/7
Forex
market
as

an
end‐of‐day
market.

This
removes
all
the
stress
and
strain
associated
with

trading
on
a
24
hour
basis.

It
has
often
been
said
that
if
you
can’t
make
money

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Forex
Profit
Principles



trading
on
an
end‐of‐day
basis,
you’ll
never
make
money
day
trading.

I
tend
to

agree.



But
it
gets
even
better…




When
you
treat
the
Forex
markets
as
end‐of‐day
markets,
I’ve
found
they
can

offer
far
more
profit
potential
than
the
minor
swings
many
day
traders
kill

                                             themselves
to
capture.

And
when
you

                                             learn
the
right
way
to
trade
Forex
as
an

                                             end‐of‐day
market,
you
can
quickly
jump

                                             from
one
big
swing
to
another
as
they’re

                                             driven
by
the
Forex
market
giants
–
the

                                             big
banks
and
other
financial

                                             institutions,
including
governments.

But

                                             while
these
behemoths
react
slowly
to

                                             market
changes
due
to
their
sheer
size,

                                             as
soon
as
you
learn
to
spot
a
big
swing,

                                             you
can
get
on
and
“ride
their
coat
tails”.


                                             And
by
the
time
they’ve
turned
to
look

                                             over
their
shoulder,
you’ll
have
already

                                             gone
on
to
the
next
big
swing.

                                             

                                             For
example,
suppose
several
major

                                             financial
institutions
think
that
the

                                             Japanese
Yen
is
undervalued
versus
the

                                             dollar
and
that
the
Japanese

                                             government
will
soon
act
to
stop

artificially
suppressing
the
value
of
the
Yen.

Collectively
they
might
begin
slowly

building
what
will
become
very
large
positions
in
the
market
by
selling
short
the

USD/JPY
pair.

I
am
talking
about
hundreds
of
thousands
of
standard
lots.


Whether
the
Japanese
government
acts
or
not,
the
market
might
drop
as

expected,
in
part,
due
to
the
ever
increasing
short
positions
of
these
financial

institutions.

If
they
are
right,
we
small
traders
can
apply
trading
methods
that

will
spot
these
moves
and
jump
on
board
at
a
moment’s
notice.

We
can
protect

our
positions
with
initial
stops
and
ride
the
wave
to
good
profits
if
the
market

follows
through
on
the
downside.

And
we
can
jump
out
just
as
quickly
as
we

jumped
in.

The
big
institutions
simply
can’t
move
that
fast
without
damaging

their
positions.





Copyright
©
Profits
Run,
Inc.
              
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                         Power
Forex
Profit
Principles



The
bottom
line
here
is
that
we
are
prepared
to
ride
the
trend
on
the
coat
tails
of

the
mega
traders,
but
with
a
level
of
agility
they
don’t
have
and
to
do
so
to

minimize
risk
and
maximize
profit
while
they’re
still
trying
to
“unwind”
their

positions.



This
is
a
BIG
DEAL!

If
those
last
few
paragraphs
didn’t
make
sense,
please
go

back
and
read
them
again.

What
this
means
is
that
with
the
Forex
Profit

Accelerator,
I
found
a
way
to
show
you
exactly,
step‐by‐step,
how
to
identify

when
a
Forex
pair
is
likely
to
make
a
move
UP
or
DOWN.

And
no
matter
which

way
it
goes,
I
created
specific
trading
rules
that
let
you
take
advantage
of
those

moves
and
ride
them
for
a
huge
potential
profit.

And
here’s
the
kicker
–
I
don’t

just
show
you
how
to
do
this
one
way…



…I
give
you
four
complete
methods,
all
based
on
my
time‐tested
principles,
that

allow
you
to
identify
as
many
profitable
trading
opportunities
as
possible.




A
key
part
of
these
methods
is
my
Optimal
Profit
Exit
Strategy,
which
I
described

earlier
in
this
report.

I
show
you
how
to
use
it
in
exact
detail
in
my
course,
so
you

will
always
know
how
to
take
profits
out
of
your
trades
as
quickly
as
possible.



And
that’s
why
I
decided
to
name
my
course
the
Forex
Profit
Accelerator
–

because
I
show
you
how
to
truly
accelerate
your
Forex
profits
with
my
four

methods
that
you
can
use
individually
or
together,
synergistically,
to
maximize

your
profit‐taking.



So
the
bottom
line
is
this
–
no
matter
what
happens
in
the
Forex
markets,
with

the
Forex
Profit
Accelerator,
you
will
always
know
exactly
what
to
do
every
time

you
place
a
trade.
No
exceptions.
No
matter
the
outcome.
It’s
that
simple.



                 4
Methods
and
a
Wedding:
Lock

                  Me
Up
&
Throw
Away
the
Key



I
could
not
have
gotten
this
course
done
without
my
son
and
partner,
Greg.

He’s

a
master
at
understanding
how
to
clearly
communicate
and
educate
complicated

concepts
to
individuals.

And
those
of
you
who
own
my
other
trading
courses
can

thank
Greg
for
making
them
so
easy
to
understand.



In
the
case
of
the
Forex
Profit
Accelerator,
I
had
four
complete
methods
to
teach

–
I’ve
never
done
this
before
in
a
home
study
course,
so
I
wasn’t
sure
if
I
would


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                         Power
Forex
Profit
Principles



ever
get
it
done
because
this
course
is
so
HUGE.

But
like
anything
else
in
life,
I

set
a
deadline
and
then
got
to
work.

The
deadline
was
my
nephew’s
out
of
town

wedding,
so,
like
many
times
before
when
I’ve
created

my
courses,
Greg
locked

me
away
in
his
$20,000
professional
recording
studio
and
kept
me
fed
and
alert

so
I
could
deliver
and
teach
my
best
Forex
methods
as
effectively
as
possible.



After
I
was
done,
I
was
on
a
road
trip
to
Virginia
with
my
wife
to
the
wedding,

while
Greg
finished
things
up
at
home.

I
drove
away
confident
that
there
would

be
a
great‐looking
Forex
course
waiting
for
me
when
I
returned.



But
I
wasn’t
prepared
for
what
I
saw

when
I
got
back.



Here’s
what
I
mean…
when
Greg
showed

me
the
final
version
of
the
complete

Forex
Profit
Accelerator
course,
I
knew

we
had
achieved
a
new
level
of
quality

with
our
home
study
courses.
Everything

about
this
course
is
the
best
I
have
ever

seen
(and
I’m
not
just
saying
that

because
this
is
my
course).

The
lucky

few
individuals
who
have
already
been

through
the
course
have
given
me
the

same
feedback.



I’m
constantly
“raising
the
bar”
in
order

to
provide
the
best
quality
trading

information
to
my
readers
and
students,

and
I
firmly
believe
the
Forex
Profit

Accelerator
is
by
far
the
most
extensive

Forex
trading
course
I
have
ever
seen.

I
know
that
might
seem
like
a
brazen

comment
to
make,
but
here
are
the
facts.

I’ve
been
trading
the
markets
since

1974,
so
I
believe
I’ve
seen
nearly
everything
out
there.
Also,
I’ve
been

developing
trading
courses
since
2001,
and
I’ve
spent
close
to
$100,000
of
my

own
money
researching,
developing,
and
producing
this
course
to
make
sure
it’s

absolutely
the
highest
quality
on
the
market.

So
based
on
everything
I’ve
seen,
I

can’t
think
of
any
other
course
that
compares
to
the
Forex
Profit
Accelerator.



Many
traders
are
going
to
be
totally
blown
away
when
they
learn
the
contents
of

this
course.

And
not
only
that,
the
Forex
trading
education
market
is
about
to
get


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                         Power
Forex
Profit
Principles



turned
on
its
ear.

This
course
is
going
to
raise
the
bar
so
high
that
I
personally

think
other
sub‐standard
courses
will
need
to
be
completely
overhauled
and
re‐
done
if
they
hope
to
compete
with
the
quality,
content,
and
effectiveness
of
the

Forex
Profit
Accelerator.



(In
fact,
at
least
one
of
my
competitors
was
so
impressed
that
he
privately
told

me
that
he
is
planning
on
re‐doing
all
of
his
courses
using
the
same
technology

we
used
to
develop
the
Forex
Profit
Accelerator.)



      How
the
Forex
Profit
Accelerator
is
Different

          from
Other
Forex
Trading
Courses



I
kind
of
already
touched
on
this
earlier,
but
I
wanted
to
revisit
it
here.

A

common
question
I
have
been
receiving
is,
“How
is
this
course
different
from
all

the
other
Forex
courses
out
there?”

The
other
one
is,
“If
I
already
have
a
good

Forex
course,
do
I
need
this
one?”

These
are
fair
questions.



Here
are
the
answers:

This
course
is
different
from
all
the
other
Forex
courses

that
I’ve
seen
because
it
drastically
compresses
the
amount
of
time
you
need
to

spend
actually
trading
(20
minutes
a
night)
by
showing
you
how
to
treat
the
24/7

Forex
markets
as
end‐of‐day
markets.

Further,
it
gives
you
not
one,
but
four

complete,
step‐by‐step
methods
that
let
you
jump
on
the
swings
driven
by
the

big
banks
in
order
to
maximize
your
profit
potential.



And
do
you
need
it
if
you
already
have
a
Forex
trading
course?

It
really
depends

on
you.

If
you’re
already
successfully
day
trading,
enjoy
spending
time
looking
at

charts,
and
aren’t
interested
in
only
spending
20
minutes
a
night
trading,
then

this
course
may
not
be
for
you.

However,
if
you’re
like
me
(and
most
of
my

readers)
and
want
to
learn
how
to
spend
as
little
time
as
possible
trading
(while

potentially
pulling
in
more
pips
than
even
the
most
diehard
day
traders),
then
the

Forex
Profit
Accelerator
is
definitely
for
you.



One
more
question
I’ve
been
getting
is,
“Is
this
course
similar
to
your
other

trading
courses?”

And
the
answer
to
that
one
is
this…
the
Forex
Profit

Accelerator
is
similar
in
its
goal
of
teaching
you
step‐by‐step
trading
methods
you

can
own
for
life,
however,
it
contains
4
totally
unique
and
brand
new
methods
I

designed
specifically
for
the
nuances
and
“personalities”
of
the
Forex
markets.





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                         Power
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Profit
Principles



I
made
sure
this
course
could
be
understood
by
both
novices
and
experts
alike,
so

if
you
consider
yourself
the
latter,
you
can
probably
skip
over
all
the
introductory

material
and
begin
trading
even
more
quickly.

And
I’m
certain
that
you’ll
still
find

massive
value
in
the
Forex
Profit
Accelerator.



Anyone
who
knows
me
knows
that
I
am
all
about
seeking
the
truth
and

discovering
trading
tactics
that
WORK.


I
just
don’t
care
about
the
opinions
or

ideas
of
other
so‐called
“gurus”.

I
only
care
about
results.

And
this
is
the
exact

reason
I
created
my
Forex
Profit
Accelerator
course.

So
I
can
teach
honest,
hard‐
working
traders
(just
like
you)
more
of
the
strategies,
tactics,
and
trading

philosophies
I
have
worked
so
hard
to
discover
over
the
past
30+
years
that
can

potentially
improve
their
trading
results
and
bottom
line.
Period.





           Here’s
What’s
Inside
the
Big
White
Box



                                         The
Forex
Profit
Accelerator
contains

                                         seven
(7)
CD‐ROMs
of
hands‐on,
step‐by‐
                                         step
“video
screen
capture”
tutorials
that

                                         will
let
you
discover
the
exact
strategies

                                         and
tactics
that
will
help
you
find
those

                                         spots
in
the
Forex
markets
where
major

                                         swings
are
about
to
be
established.

And
I

                                         teach
you
how
to
potentially
profit
no

                                         matter
which
way
the
markets
move.

I

                                         also
include
four
“trading
blueprints”
that

                                         summarize
each
of
the
four
Forex
Profit

                                         Accelerator
methods
so
you
have
a
handy,

                                         “at‐a‐glance”
summary
you
can
keep
right

                                         next
to
your
trading
computer
so
you

always
know
exactly
what
to
do
–
every
time
you
place
a
trade.



There’s
also
a
160‐page
full‐color
reference
guide
with
all
the
charts
used
in
the

CD‐ROMs.

My
students
really
love
these
reference
guides
because
it’s
very
easy

to
flip
to
any
page
to
get
a
quick
refresher
on
the
concepts
you
learn
on
the
CD‐
ROMs.


Also,
in
order
make
sure
you
get
off
on
the
right
foot,
I
include
a
12‐page

Quick
Start
Guide
that
answers
the
most
common
questions
about
how
to
study

and
learn
most
effectively
with
the
Forex
Profit
Accelerator.





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©
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                         Power
Forex
Profit
Principles



I’m
currently
in
discussions
with
some
of
my
trading
associates
and
I’m
working

on
even
more
surprise
bonuses
and
“add‐ons”
that
I’m
going
to
include
with
the

course.
I
don’t
want
to
mention
anything
just
yet,
but
I
think
you’ll
be
really

surprised
when
you
see
what
else
I’m
going
to
include.

I’m
doing
my
best
to
“pull

out
all
the
stops”
to
make
sure
you
get
the
absolute
best
Forex
learning

experience
on
the
planet!



                          Why
Am
I
Doing
This?



Some
of
my
readers
ask
me,
“Bill,
why
do
you
spend
so
much
time
helping
us

out?”

Good
question,
indeed.

I
do
spend
an
awful
lot
of
time
answering

questions
from
not
only
my
students,
but
subscribers
to
my
free
email
reports,

too.

Here’s
the
deal
–
as
I
said
before,
I
really
do
love
trading.

No
kidding

around.

I’m
what
you
might
call
a
“trading
nerd”.

Those
that
know
me
should
be

surprised,
however,
because
I
was
trained
as
an
engineer
and
I
have
a
master’s

degree
in
finance.

                                             

                                             And
in
case
you
were
wondering,
it’s
not

                                             just
about
the
money.

Sure,
I’m
running

                                             a
business,
but
honestly,
I
don’t
need
the

                                             money
from
my
trading
education

                                             business
to
survive.

I
have
a
solid

                                             pension
from
36
years
as
an
automotive

                                             executive,
IRAs
and
401(k)s
that
pay
me

                                             every
year,
and
I
also
have
another

                                             completely
separate
automotive

                                             consulting
business
that
requires
very

                                             little
of
my
time,
but
has
earned
me

                                             more
than
most
people
make
working
a

                                             full
time
job.
So
if
you
pull
my
trading

                                             business
completely
out
of
the
picture,

                                             my
family
and
I
are
very
comfortable.


                                             We
are
truly
blessed.

                                             

                                             That’s
why
with
my
trading
business
I

                                             decided
to
pay
my
employees
very
well,

                                             and
I
decided
to
pack
as
much
value
as

possible
into
all
my
products.
I
also
believe
in
giving
back
and
donating
to
my

favorite
charitable
organizations.

So
I
think
I’m
really
lucky
and
in
a
unique

position
because
I
don’t
need
to
put
myself
through
any
unnecessary
financial

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                         Power
Forex
Profit
Principles



stress,
which
gives
me
the
luxury
of
taking
my
time
to
really
help
out
my

students.



I’ve
lived
an
amazing
life
so
far,
and
at
my
age
it
feels
so
good
to
be
able
to
help

so
many
people
out
from
around
the
world.

I
think
this
is
my
true
calling
in
life,

and
I’m
really
glad
I’m
able
to
be
able
to
mentor
and
coach
so
many
traders
so

that
they,
too,
have
the
real
potential
to
achieve
the
freedom
they’re
looking
for.



                            Can
You
Do
It,
Too?



A
question
I
get
asked
a
lot
is,
“I’m
not
sure
if
I
have
what
it
takes
to
be
successful

with
your
trading
course.
Can
I
achieve
the
same
results
as
and
be
as
successful

as
your
other
students
are?”

This
is
a
natural
concern
and
a
fair
question…



…and
here’s
the
answer:
You
don’t
need

to
have
a
master’s
degree
in
finance
like
I

do,
nor
do
you
need
to
have
over
30
years

of
experience
riding
the
emotional
roller

coasters
of
the
markets.

All
you
really

need
is
the
desire
and
drive
to
want
to

improve
your
Forex
trading,
and
then
the

ability
to
“pull
the
trigger”
and
take
action

on
what
you’ve
learned.





Can
you
do
it
alone?

Maybe,
it
certainly
is

possible.

But
the
question
then
becomes,

“How
long
will
it
take
you,
and
how
much

money
will
the
market
suck
out
of
your

trading
account
before
you
figure
it
out?”


I
know.

I’ve
been
there.





But
I
also
know
for
a
fact
that
even
if
you

only
learn
and
apply
just
one
of
the
four

methods
I
expose
to
you
in
the
Forex

Profit
Accelerator
that
you’ll
be
trading
with
100%
confidence
from
day
one
and

you’ll
also
be
using
time‐tested
trading
principles
that
90%
of
all
Forex
traders

don’t
even
know
about.




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Run,
Inc.
             
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                         Power
Forex
Profit
Principles



       Insider
Video
Back
Online
For
You
to
Watch



I
just
put
back
up
one
of
my
most
popular
“insider”
videos
that
you
can
watch

online
right
now.

It’s
8
minutes
and
43
seconds
long
and
it’s
taken
directly
from

the
Forex
Profit
Accelerator
course.

It
reveals
part
of
my
Optimal
Profit
Exit

Strategy
from
one
of
my
four
Forex
Profit
Accelerator
methods.



Go
to
this
web
page
right
now
to
watch
this
brand
new
video:



        www.forexprofitaccelerator.com/4pack



On
that
page,
underneath
the
video,
you’ll
see
a
blue
“backstage
pass”
asking
for

your
First
Name
and
Primary
Email
Address
that
gives
you
free
access
to
my

“Priority
Pip
Pullers”
list.

It
looks
like
this:







                                                                        



Don’t
worry,
you
don’t
need
to
enter
your
name
and
email
to
watch
my
Optimal

Profit
Exit
Strategy
video…
however,
if
you
have
any
interest
in
securing
a
copy
of

the
Forex
Profit
Accelerator,
I
highly
urge
you
to
go
fill
out
the
form
on
that
page

and
join
the
“Priority
Pip
Pullers”
list
NOW.



Why?
For
2
very
specific
reasons
–




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                         Power
Forex
Profit
Principles



    1. I’m
limiting
the
re‐release
of
the
Forex
Profit
Accelerator
to
only
555

       copies
because
I
want
to
make
sure
that
I’m
able
to
support
my
next
group

       of
Forex
Profit
Accelerator
students.

I
used
this
approach
successfully
last

       year
with
another
one
of
my
trading
courses
and
the
students
that
were

       lucky
enough
to
get
a
copy
really
appreciated
the
personal
attention.

Plus,

       I
just
don’t
believe
it’s
fair
to
sell
5,000
copies
of
this
course
when
I
know

       in
my
heart
that
there’s
no
way
I
could
support
that
many
new
students

       right
now.

       

    2. I’m
also
limiting
this
release
to
only
7
days.

After
7
days,
I
will
remove
the

       order
page,
even
if
I
have
not
sold
all
555
copies.

Why?

Because
I
don’t

       want
to
worry
about
shipping
out
more
copies
of
the
Forex
Profit

       Accelerator
every
day.

I
don’t
want
to
spend
time
answering
ordering

       questions.

I
would
rather
put
my
energy
into
making
sure
all
my
students

       that
took
action
and
purchased
their
own
copy
of
the
course
during
the

       first
week
understand
the
materials
and
have
all
of
their
questions

       answered
in
a
timely
manner.



So
it’s
either
555
copies
or
7
days,
whichever
comes
first.

If
I
have
copies
left

over
after
the
first
7
days,
I
will
not
sell
these
until
I
am
certain
that
the
new

batch
of
students
is
successfully
getting
the
support
they
need
and
things
are

running
smoothly
and
flawlessly.

But
if
history
is
any
indicator
of
what’s
going
to

happen,
these
555
copies
will
sell
out,
and
rather
quickly.

It
happened
back
in

September
with
the
first
release,
and
it’s
a
near
certainty
it
will
happen
again,
but

probably
in
less
than
7
days
this
time
because
there
are
even
fewer
copies

available.



Now,
if
you
don’t
get
your
copy
during
the
first
7
days,
I
can’t
guarantee
when

the
Forex
Profit
Accelerator
will
be
available
again.

It
may
be
4
weeks,
it
may
be

4
months…
actually,
the
last
time
I
let
in
a
group
of
students
was
OVER
6

MONTHS
AGO.




All
I
know
is
that
if
you
don’t
claim
your
copy
during
the
first
7
days,
you
WILL

have
to
wait
to
get
your
copy,
and
maybe
a
long
time.

This
is
not
a
marketing

gimmick.

Here’s
the
web
page
my
developer
just
put
together
for
me
–
this
is

exactly
what
you’ll
see
on
the
order
page
after
the
first
7
days
are
up:







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©
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                         Power
Forex
Profit
Principles







                                                                                    



So
if
you
have
ANY
interest
in
picking
up
your
own
copy
of
Forex
Profit

Accelerator
when
it’s
released,
you
really
need
to
join
the
Priority
Pip
Pullers
list.


The
traders
on
this
list
(based
on
first‐come,
first‐served)
will
have
their
courses

shipped
first.



I
will
even
send
the
“Priority
Pip
Pullers”
a
special
order
link
that
will
be
activated

ONE
FULL
HOUR
before
the
official
release
time.

That
means
they
can
get
their

hands
on
the
course
at
9am
eastern
time
on
Tuesday,
July
22nd.

One
hour
might

not
seem
like
a
lot
to
you,
but
I’ve
watched
my
own
trading
courses
sell
out
in

the
past
very
quickly,
so
one
hour
may
be
that
extra
time
you
need
to
guarantee

you
receive
your
own
copy
of
the
Forex
Profit
Accelerator.



Now
for
some
pricing
information.




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                         Power
Forex
Profit
Principles



Some
of
my
business
associates
are
recommending
that
I
raise
the
price
of
my

course
for
its
next
release.
While
I
do
plan
on
raising
the
price
at
some
point,
I’ve

already
decided
to
keep
it
at
the
same
price
as
the
September
release.
The

details
will
be
announced
on
July
22nd.



I
have
also
decided
to
offer
a
payment
plan
so
you
can
split
your
investment
into

three
payments
over
three
months.

This
makes
it
ultra
easy
to
get
started
right

away,
and
is
always
a
popular
request
from
my
students,
so
I’m
happy
to
do
it
for

them
and
for
you.



Here’s
what
else
I
know…
I’ve
spent
tens
of
thousands
of
dollars
of
my
own

money
over
the
past
three
decades
just
on
trading
education:
books,
tapes,
CDs,

seminars,
etc.

You
name
it,
I’ve
probably
seen
it.

And
I’ve
also
sacrificed
the

better
part
of
my
younger
days
locked
away
in
my
study,
my
nose
pressed
against

the
charts,
trying
my
best
to
watch
my
kids
grow
up,
but
quietly
wishing
I
could

have
spent
less
time
studying
and
more
time
with
my
family.

So,
while
I
still
love

trading,
it
HAS
taken
a
toll
on
me
over
the
years,
both
on
my
wallet
and
on
my

personal
life.

And
it
would
not
have
been
possible
to
put
together
the

information
contained
in
my
Forex
Profit
Accelerator
course
without
that
kind
of

personal
sacrifice.

But
thankfully,
you
don’t
have
to
go
through
what
I
did
when

you
become
a
student.

I
essentially
give
you
the
culmination
of
my
life’s
work
in

the
markets
on
a
silver
platter.



You
should
also
know
that
my
actual
paying
students
have
told
me
in
the
past

that
I
should
NOT
be
selling
my
trading
courses
for
the
prices
I
sell
them
at
–
they

think
I
should
raise
the
price
dramatically
because
they
don’t
want
too
many

people
to
get
their
hands
on
this
information.



               Success
Stories
from
My
Students!



Back
in
September,
I
quickly
sold
out
of
my
initial
printing
of
950
copies
of
the

Forex
Profit
Accelerator.
As
I
expected,
this
charter
group
of
students
discovered

just
how
powerful
my
course
is.
And
it
seems
like
they
write
in
nearly
every
day

to
tell
me
about
their
success.



Here
are
just
a
few
of
their
kind
words.
And
I’m
willing
to
bet
that
you’ll
be

sending
me
your
success
story,
too,
after
a
few
weeks
with
the
Forex
Profit

Accelerator.




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Principles




    

        "Just wanted to let you know that I
        woke up this morning (12/5) to a
        profit of $2,228.00 on the gbp/usd
        pair, Instant Pips downtrend, a trade
        I entered only yesterday. Needless to
        say, this method works. I appreciate
        all the work you do and for letting
        all of us know what you're up to.
        You're that rare guy who truly cares
        about his students. This is an                                  

        incredible method!"
                       -Lee Meddin, Davis, CA*



"Have only done 2 trades to date both of which won and
covered course costs. I've bought a truckload of programs
and systems over the years and this is one of the few that
actually works."

                                                 --Peter M., Australia*

"I am thoroughly happy with FPA course. I have been trading
the Forex markets using your principles and trading rules
set out in the course for about a month now and by and
large have been very successful in making good profits... I
must congratulate you once again for a fab course and it is
the best investment I have ever made. Your ongoing interest
in your students' well-being and success is really great.
Thank you."

                                 --Rawlston W., London, United Kingdom*

"First of all, let me say thank you *so* much for coming up
with the FPA. I just wish I'd had it when I first started
trading Forex a couple of years ago. I could have saved
myself a good deal of money on trades I should have never
made in the first place. I started trading live with the
FPA on 10/15. I've certainly had more winning trades than
losing ones. Thank you again for the great trading system
and the wonderful customer support. I've already told
friends of mine who trade Forex about it; they can't wait
for your next release so they can get in on it!"

                                              --Laura G., Lakewood, CO*

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                         Power
Forex
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Principles



"I'm very glad my father and I decided to buy FPA in
September. On October 9th we did our first trade. Until now
we made 12 trades only with 1/4 lot and the profit is
amazing, more then $4,000! And that in 5 weeks. Now we are
confident with the system we are ready to trade with more
money. The system was easy to learn, after one week we
could make our first trade. I appreciate the updates, and
the extra tactics. We are going to use them too."

                                 --Frans & Ingrid H., The Netherlands*



"I have to confess this is by far the most profitable and
user friendly trading method I have come across. I am more
than exited about my future in Forex trading since I
enrolled in your profit accelerator program. Many thanks to
you and your team for this tremendous job."

                                              --Fred B., South Africa*



"So far, about 55% net gain with just the Instant Pips
method! Very satisfied. I like your time-saving and
conservative approach very much. Course is very easy to
understand and I love the colored quick reference cards."

                                               --Ted R., Tokyo, Japan*



"I commenced trading the Forex Profit Accelerator live in
October. I found the course to be very well-presented and
thorough in its content. I have really appreciated the
follow-up you provide and the bonus videos. I have been
trading Forex for about 2 years and until doing your course
I was very unhappy with my performance. I was trading short
time periods and was really getting tired of looking at
charts all night trying to capture a few pips. Now that I
am trading on a daily basis I am really enjoying it as I do
not have to spend hours in front of my computer. I really
appreciate the way all 4 systems work together. Again,
thank you for a great educational package and keep up the
good work."

                                                --Garry M., Australia*

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Principles



    

        "In my demo account I started trading
        using the FPA on Oct 12th. In that
        time I have closed a total of 24
        trades with a net profit of 1,140
        pips and I currently have three open
        positions with profits of 409 pips on
        the Euro, 534 pips on the Swiss Franc
        and 350 pips on the Yen. Not too
        shabby! I'm impressed."
                   -Doug M., British Columbia*                         

        

        


"After 1 month of paper trading, I'm up 85% on a $10K
portfolio. I appreciate the prompt responses to my numerous
questions."

                                                 --Dave C., Petal, MS*


"I have implemented 3 of the methods on Metatrader and have
made over $7,000 on 5 winning trades - no losers yet... it
could have been a lot more if I had taken all the trades
triggered. It has been very useful to have your Pip Feeder
to verify my signals. Thank you for the high quality of the
presentation and explanations. It does a lot for confidence
levels to know one is using a quality product that has been
thoroughly researched as well as the knowledge that you are
continuing to support us."

                                             --Peter A., South Africa*


"What can I really say about your FPA program? Just one
short sentence would suffice, and it is, 'brilliantly
super'. I have paper-traded it and made paper profit of
more than $6,000 in three days. Thanks, Bill, for
introducing the FPA to me and developing a system that is
far superior than I have come across in this age of dime-a-
dozen of new so-called winning systems that are literally
flooding the market. Keep on the good work, Bill."

                                                            --Jeff F.*



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                         Power
Forex
Profit
Principles



"I have been paper trading since I received it, and have
made about a $12,000 profit. It is a very easy to
understand and complete method. Much better than I have had
from other systems. Thank you very much for this system, I
will be using it from now on. "

                                      --Yvonne F., Mohave Valley, AZ*



"Wow, what a program. I have just retired after 39 years of
teaching and was looking for something to do. You gave it
to me on a silver platter. I have been doing very well
paper trading. I think if I were live with my trading, I
would be paying for my health insurance right now. A couple
of more weeks and I think I'm going to put some real money
into the market. That is a scary thought for me but I feel
confident with your system and with your support I will
make some serious pips. Thanks for all you are doing and
keep the faith!!!"

                                                --Jim M., Red Lion, PA*



"In my demo account I started trading using the FPA on Oct
12th. In that time I have closed a total of 24 trades with
a net profit of 1,140 pips and I currently have three open
positions with profits of 409 pips on the Euro, 534 pips on
the Swiss Franc and 350 pips on the Yen. Not too shabby!
I'm impressed."

                                           --Doug M., Maple Falls, WA*



"It's been going great. For the first time in the few years
since I've been trying to trade the Forex, I have the
confidence to place the trade and let it go. Knowing
exactly when to get in, where to place stops and when to
get out along with just looking at the charts EOD fits my
personality."

                                           --Randy M., Chattanooga, TN*




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                         Power
Forex
Profit
Principles




    

        "In my first 2 weeks I had no losing
        trades. You know exactly how much
        money you're risking before you go
        into the trade. I'm very, very
        impressed so far with my results.
        I've always wanted to quit my job and
        become a full time trader... with FPA
        I will be able to achieve my goal.
        This really can be done in 20 minutes
        a day."                                                        

              -Robert Cormier, Auburndale, FL*



"I started paper trading two weeks ago with $50,000 and I
am up to $70,000 with no losing trades yet. I have sent in
my application to open an account and plan to start trading
with real money soon. I am very impressed with the system
so far. As a matter of fact, I am considering buying all
your other products as soon as I make enough (real) money
to pay for this one."

                                            --Robert C., Columbus, GA*


"Admittedly I had my doubts about the course, but since I
started using the program I found that I can consistently
make profits. I have one goal and that is to make a minimum
of 2% of my portfolio a week. I have been able to do just
that and a lot more with this program. I love the four step
program (set-up, entry, stop loss, exit). These four steps
help me stay focused and keep my emotions out of the trade.
This is my third time starting over in the Forex market. I
have come to realize that the two previous times I did not
have a complete trading method. With your program, I have
the confidence that I finally have a complete trading
method, the knowledge to use that method, and the knowledge
to recognize other complete trading methods."

                                            --Eric N., Nottingham, MD*




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                         Power
Forex
Profit
Principles



"I am doing very well with the system. I am getting around
200 pips a week so far on paper. Thank you for developing
the system."

                                                    --Doug, Australia*


"I am loving your FPA course. Also, I have just purchased
your Quantum Swing Trader course and can't wait to get my
teeth into it. Great work, Bill."

                                                          --Rawlston W.*


"I must say how much I am impressed with your level of
integrity. You have done everything that you said you would
do - especially the tight number of teaching materials that
were sold. You set down a deadline, and you kept the
deadline. If it were not for duplicated orders that paved
the way for 44 or so unsold packages, I would not have been
able to obtain the CDs. You credibility was further
enhanced when I listened to the interview that I downloaded
from the web today. By the way, I must say that the quality
of the CDs is really very good - the presentation itself
and the content."

                                            --Syling L., Murrieta, CA*

"I appreciate all the work you do and for letting all of us
know what you're up to. You're that rare guy who truly
cares about his students. This is an incredible method!"

                                                  --Lee M., Davis, CA*

"Love the methods and course. Having a lot of fun learning.
Never even knew what Forex meant until I read your e-book
and your course is making it easy to learn and actually
understand how to trade."

                                                --Sean D., Morris, IL*

"I have asked many questions as a new student and customer
support has been excellent. Thanks for your patience and
instructions."

                                             --Wayne E., Lakeland, FL*


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                         Power
Forex
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Principles




    
 "I wish I would have seen this 3
     years ago, it would've saved me
     $8,000. If you want to do something
     other than work all the time, this
     would be the way to go. You have
     everything you need. The support that
     you get is unbelievable. For the
     price you have to pay, it's very
     cheap. You're going to become the CEO
     of your own company. Buy the program,                             

     and your future will look bright."
                 -Jim Miller, Red Lion, PA*




"I think it is excellent and very well done. You have done
a great job in setting it all out and explaining it."

                                              --Weston B., New Zealand*

"I am very, very pleased with your whole program. This
material you put together is extraordinary. I appreciate
the constant updates and feedback you are giving us; it
bolsters moral 10 fold. Thanks for the many tips and
tutorials."

                                             --Courtland D., Tampa, FL*

"Thank you for the details provided in the package. I want
to confirm to you that I have already made three times the
cost of the package in just a week. Once again, I sincerely
thank you for your assistance and love."

                                 --Mohammed S., London, United Kingdom*


"Thank you so much for being the real deal."

                                               --Jerry C., Modesto, CA*




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                         Power
Forex
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Principles



"I was indeed impressed with the material contained in the
course, particularly in the quality of the CD presentation
modules. I have no doubts that this is the most sensible
purchase I have made for my trading education these last 10
years. Great job!"

                                                  --Keith D., Australia*


"You have been a lot of help and there is much love for you
here."

                                            --John T., Port Orchard, WA*


"Amazing array of to-the-point study material, especially
in the way it is presented. Written theory backed up by
visual practical training on the graphs, just like having
my mentor standing at my side, although we are an ocean
apart. Great job, and my commendations to both you and Greg
for providing me with an heirloom to pass on to my family."

                                                --Mike G., South Africa*

"To date I have purchased from you Super Divergence
Blueprint, Instant Profits, Quantum Swing Trader, MMPP, and
now Forex Profit Accelerator. You know what I have found? -
They all work! The good thing about creating quality
products that really work and being a person of integrity
is that when you create something new - such as the Forex
Profit Accelerator - people who know you and have bought
trading systems from you before will want to deal with you
again. This Forex Profit Accelerator course looks
phenomenal. I didn't think anyone could top the MMPP
course, but this looks just as good as or better than MMPP.
One of the things that I am really excited about with the
FPA is that the trends tend to go on for long periods of
time. I am hoping that gradually, using these methods, I
will be able to leave my job and just spend 20 minutes per
day as you have suggested. Thanks, Bill, for this!"

                                 --David H., British Columbia, Canada*




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                         Power
Forex
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Principles




    
 "I am extremely pleased w/ the
     results. Following your trading
     methods I have gotten back what I
     paid for the course 4 times over
     within the first 4 weeks. You make
     the course so easy to understand with
     the cd's and trading examples along
     w/ the manual for quick reference.
     Thank you for your support and
     sincerity. After I fully learn and                                

     have mastered this program I intend
     to look into your other courses."
                 -Darwin M., Roseville, CA*



"I have had your course open and have been studying it from
the minute that it arrived at the house on the 26th of
September, 2007. This is by far the most complete trading
course that I have ever seen on Forex. Thank you for your
email as it suggests to me that number one, you care, and
number two that you have integrity. I don't mind paying for
a course when the person who's selling it cares, and has
integrity."

                                  --Wayne P., London, United Kingdom*


"I am very excited about these methods, and trading in
general. I wish to thank you for your guidance."

                                            --Ernie W., Hermiston, OR*


"Great course, by the way. After spending tons of money on
other courses without results, I find your course very
powerful yet easy to understand. Thanks for your excellent
course, Bill."

                                                          --Robert M.*




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Forex
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Principles



"My FPA package arrived here in Auckland, New Zealand a
week ago. My first impressions were of quality and
professionalism, both in the written manual and in the
production of the CD's. Thank you very much for making such
a fantastic course available. My first Forex transaction
(using NZ dollars to purchase your course in USD) will be
the best Forex trade I'll ever make - it will be the key to
unlocking many more trades in the future which will repay
that initial transaction many times over. Thanks again for
a brilliant course."

                                              --Steve M., Auckland, New Zealand*


"Congratulations on another great product. My success with
QST prompted me to try the FPA product. I have gotten
through the first two strategies. Again, a wonderful
presentation of a great system and rules."

                                                --Kurt B., Ponte Vedra Beach, FL*


"Your crystal clear presentation of the methods absolutely
rocks! High-class education."

                                                                       --Hans D.R., Sweden*


"Course pays for itself in first two days of trading.
ABSOLUTELY AMAZING! My first two trades were: Long 2
EUR/USD, Instant Pips for a 45 pip profit on 10/9/07, Short
2 USD/CAD, Pip Maximizer 2 for a 46 pip profit on 10/4/07.
Thanks for a great course. I was really unsure about how
useful the information would be compared to its cost, but
I'm a true believer now."

                                                           --David V., Sugar Land, TX*

*No
representation
is
being
made
that
these
results
can
or
will
be
obtained
in
the
future,
or
that
losses

were
not
incurred
subsequent
to
the
date
on
which
the
testimonial
was
provided.
There
is
a
substantial

risk
of
loss
associated
with
trading
forex,
futures,
stocks,
and
options.
Only
risk
capital
should
be
used.









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                          Power
Forex
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Principles



    The
Mega‐Trends
My
Students
Have
Been
Enjoying



If
you
missed
out
on
your
chance
to
grab
my
Forex
Profit
Accelerator
course
back

in
September,
here’s
some
of
the
“pip
potential”
that
you
missed.
Check
out

these
mega‐trends
that
all
occurred
since
September,
2007
that
you
could
have

taken
advantage
of
by
applying
the
Forex
Profit
Accelerator
trading
methods.







                                                                                           

              Figure
40
–
USD/CAD
9/07
to
11/07:
Over
1,300
Pips
of
Profit
Potential*









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                          Power
Forex
Profit
Principles







                                                                                              

               Figure
41
–
USD/CHF
8/07
to
11/07:
Over
900
Pips
of
Profit
Potential*







                                                                                              

                   Figure
42
–
USD/JPY
11/07:
Over
900
Pips
of
Profit
Potential*




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                          Power
Forex
Profit
Principles







                                                                                            

                Figure
43
‐
AUD/USD
Jan‐Apr,
2008:
1,400
Pips
of
Profit
Potential*







                                                                                            

                Figure
44
‐
EUR/USD
Feb‐May,
2008:
2,100
Pips
of
Profit
Potential*




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                         Power
Forex
Profit
Principles







                                                                                            

                Figure
45
‐
USD/CHF
Jan‐Mar,
2008:
2,200
Pips
of
Profit
Potential*







                                                                                            

                Figure
46
‐
USD/JPY
Jan‐Mar,
2008:
2,100
Pips
of
Profit
Potential*

                                                 


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                               Power
Forex
Profit
Principles



Disclaimer:
 Hypothetical
 performance
 results
 have
 many
 inherent
 limitations,
 some
 of
 which
 are

described
below.
No
representation
is
being
made
that
any
account
will
or
is
likely
to
achieve
profits
or

losses
 similar
 to
 those
 shown.
 In
 fact,
 there
 are
 frequently
 sharp
 differences
 between
 hypothetical

performance
results
and
the
actual
results
subsequently
achieved
by
any
particular
trading
program.
One

of
the
limitations
of
hypothetical
performance
results
is
that
they
are
generally
prepared
with
the
benefit

of
hindsight.
In
addition,
hypothetical
trading
does
not
involve
financial
risk,
and
no
hypothetical
trading

record
can
completely
account
for
the
impact
of
financial
risk
in
actual
trading.
For
example,
the
ability
to

withstand
losses
or
to
adhere
to
a
particular
trading
program
in
spite
of
trading
losses
are
material
points

which
can
also
adversely
affect
trading
results.
There
are
numerous
other
factors
related
to
the
markets

in
general
or
to
the
implementation
of
any
specific
trading
program
which
cannot
be
fully
accounted
for
in

the
preparation
of
hypothetical
performance
results
and
all
of
which
can
adversely
affect
actual
trading

results.





Finally,
I’m
so
convinced
that
you’ll
benefit
from
my
new
course,
I’m
going
to

have
a
money‐back
guarantee
on
the
priority
enrollment
form
when
it’s
released

to
the
public
on
Tuesday,
July
22nd,
2008.



Well,
that’s
about
it
for
this
report,
my
Power
Forex
Profit
Principles.
I
really

hope
you’ve
found
some
value
in
this
report
that
will
help
you
in
your
trading.


Don’t
forget
to
watch
the
free
video
that
reveals
my
Optimal
Profit
Exit
Strategy.


And
don’t
forget
to
join
the
“Priority
Pip
Pullers”
list.

Here’s
the
web
page
again

where
you
can
see
the
video:



          www.forexprofitaccelerator.com/4pack



Good
Trading,



                            

Bill
Poulos



P.S.
You
can
track
the
progress
of
the
Forex
Profit
Accelerator
release
and
make

comments
on
the
information
in
this
report
by
visiting
the
Forex
Profit

Accelerator
news
site
at
www.forexprofitaccelerator.com/news.






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©
Profits
Run,
Inc.
                          
                                      Page
96
of
98



                         Power
Forex
Profit
Principles



                                 The
Forex
4‐Pack



Ready
for
more
Forex
training
materials?
Go
ahead
and
access
the
rest
of
the

Forex
4‐Pack
materials
below:



Essential
Forex
Trading
&
Software
Basics

(Release
date:
Thursday,
July
10th,
2008)



I
recorded
this
video
series
especially
for
beginner

Forex
traders.
You’ll
learn
the
essential
basics
of
Forex

trading,
along
with
a
live
walkthrough
of
some
actual

trading
and
charting
software.
I
stick
to
what
you

need
to
know,
so
you
can
begin
trading
ASAP.



Access
the
Essential
Forex
Trading
&
Software
Basics

videos
here:



www.forexprofitaccelerator.com/4pack





The
Forex
Risk
Shield


(Release
date:
Saturday,
July
12th,
2008)



The
Forex
Risk
Shield
reveals
4
times
when
you

probably
should
NOT
be
placing
any
trades.

Remember,
you
want
to
maximize
your
odds
of

success,
so
knowing
when
NOT
to
trade
will

automatically
give
you
a
sort
of
“risk
shield”
to
keep

you
out
of
trouble.



Access
the
Forex
Risk
Shield
videos
here:



www.forexprofitaccelerator.com/4pack







Copyright
©
Profits
Run,
Inc.
           
                          Page
97
of
98



                         Power
Forex
Profit
Principles



The
Forex
Broker
Scorecard


(Release
date:
Monday,
July
14th,
2008)



There
are
plenty
of
Forex
brokers
all
over
the
world

you
can
choose
from.
This
isn’t
surprising,
given
the

huge
popularity
of
Forex
trading.
But
this
choice
also

presents
a
challenge
–
how
do
you
know
which

Forex
brokers
to
trust?
To
help
you
out,
I
created
a

10‐point
“scorecard”
you
can
use
to
evaluate
any

Forex
broker
on
the
planet.
Does
your
Forex
broker

pass
the
test?
Use
the
scorecard
to
find
out.



Also
includes
a
partial
list
of
worldwide
Forex

brokers
you
can
use
as
a
starting
point.



Access
the
Forex
Broker
Scorecard
here:



www.forexprofitaccelerator.com/4pack





BONUS:
Stop
Day
Trading
Forex


(Release
date:
Wednesday,
July
16th,
2008)



Imagine
spending
20
minutes
or
less
a
night
trading

the
Forex
markets.
Never
again
waste
your
day

“camping
out”
at
your
trading
computer
trying
to

eek
out
a
handful
of
pips
here
and
there
day
trading.

In
this
video
series,
you’ll
discover
how
you
can,
in

fact,
find
MORE
pip
potential
when
you
treat
the
24

hour
Forex
markets
as
end
of
day
markets.



(Once
you
see
how
it’s
done,
you’ll
wonder
why

people
are
wasting
their
time
trying
to
day
trade
in

the
first
place.)



Access
the
Stop
Day
Trading
Forex
video
here:



www.forexprofitaccelerator.com/4pack





Copyright
©
Profits
Run,
Inc.
            
               Page
98
of
98




				
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posted:10/19/2011
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pages:98
Description: Making Profits in forex markets and applying principles
Mfon Itighise Mfon Itighise Computer Scientist http://
About I am Mfon, well interested in learning and teaching reality about science and life in general.