All about Forex trading

Hello everyone! Today I am going to tell you about one of the important parameter of our service (GFTraders – traders jobs). It is a Max drawdown for full amount. The necessity to describe this it in details has appeared after some traders violated this parameter.

What does this term mean

In order to operate this term in proper way you should clearly understand what does it mean. So, what is it, max drawdown for full amount? It is a maximum allowed drawdown for WHOLE account amount (see previous parameter) based on your strategy system. It is a maximal loss of client’s account which is accepted by him. This parameter shows an amount of probable losses even if your trading is positive.

How it is calculated?

Let us explain it by example. It is very important to understand and remember that this parameter is calculated for whole account amount, BUT not for 1 trade and so on. You declare an account amount of 1000$ and max drawdown of 20%. It means that your max allowed drawdown will be 200$. Thereby drawdown for 1 lot will be 200 pips and you are allowed only the 1 unsuccessful trade without breaking your parameters. If you have stop loss of 50 pips – you can admit 4 unsuccessful trades, if it is 100 pips – 2 such trades.

If you allow 10 probable unsuccessful trades, each by 100 pips, so your max drawdown for full amount will be 1000$. And you have declared max drawdown of 20%. According to this you minimal account amount should be 5000$ (1000$/20% = 50$, it is 1% of whole amount); 50$*100% = 5000$ (minimal account amount subject to max drawdown of 20%)

You should set max drawdown by yourself. For example for 1 trade it can be 5% but for whole amount of account it should be higher otherwise your system will be closed in case of even small loss.

Conclusion

Drawdowns are part of trading . We clearly understand, that the market is quite unpredictable at the moment. The key to success on Forex market is to see your strategy in proper perspective and to set your drawdown in proper way. If you violate this parameter your clients loose their REAL money. It is inadmissible to breach a contract with your client. So we want to protect both traders and clients from probable losses. If you break your max drawdown for full amount, we will end all subscriptions to your strategy and give money back to our clients. That’s just for preventing you and your clients from risk.

Let me introduce you one of the most succesful traders of our service. His name is Lexon (lexon trading system) and he answered our questions, so you can know more about him and his forex strategy. Here is an interview:

-Hi, Lexon! Please tell us a little about yourself

-Hello subscribers and all readers! I think I am a trader of a new generation. I’m 30. I’m from the Ukraine. I’ve got a higher education in the sphere of Economics. After I graduated I became an ordinary worker of a private scientific production association and then in 3 years have became a deputy manager. I am a family man, I have a wife and a child. My favorite hobbies are billiard, solution of puzzle and, of course, Forex trading.

- What is Forex for you? Just hobby or money?

- I can’t answer definitely. On the one hand, Forex is not the only one source of money for me. I have another business interests. On the other hand Forex requires a serious approach. So it wpuld be wrong to say that it is just a hobby. Qualitative and full-blown analysis takes much time. You should always follow an economical and political situation in your country, read much, and communicate much in order to be well-informed about everything.

I think you can understand that I couldn’t have a dream about a good trading system, for example as Mendeleev had a dream about his periodic table. You should go through the thorny path studded with many difficulties, failures, losses and sleepless nights in order to become a successful trader. And this path can take a few months and even years. As it has happened with me. So, I can conclude that Forex is a part of my life.

- How many years have you been trading at Forex market? How did you begin your forex trader activity?

- I have been trading for 2 years. But I had studied Forex market for 4 years before and of course I have been studying it now. I am used to have a serious and detailed approach to Forex trading. When I first have heard about Forex, I have thought that it is a good chance and an endless potential. I had looked through some information concerning trading and decided to be a trader. Then I, as many beginners, have began to look over special literature concerning Forex market, I have examined many analysis, some trading systems. Then I opened a demo-account and tried to get stable and profitable results. But all my attempts were vain and as a result I have lost my deposit.

Then I – getting experience and skills – began to understand that my first steps as a forex trader were wrong. Everybody knows this statistics that says 99% of traders are not stable and profitable. I thought, but all these traders read the same literature and use the same sources. I need another approach. I don’t want to be a part of 99% unprofitable traders. So, I have begun to seek something new.

It would be wrong to say that classical approaches are incorrect, but they are not efficient today and have a «fifty-fifty» chance. So trader should eliminate wrong directions.

- Describe your style of Forex trading?

- I have taken pains with different moments and patterns, so I have worked out a math model of forex trading, which is a basis of my strategy. My friend and my brother-in-law have helped me a little bit, but the main idea belongs to me. This system allows me to enter the market accurate within 10 pips, so my service has a short stop-loss of 30 pips. As any model or trading system, this strategy requires a additional filtration. So I use classical types of fundamental and technical analysis there. But to tell the truth I use types which haven’t been changed for many years and I don’t use indicators at all. I also don’t use automatic systems. Uniqueness of my forex trading system is that it has worked equally now and 5 years ago. I have checked it on the history of quotes.

- Every trader has different moments in his activity. What was your most memorizable profit or loss? What lesson have you learned?

- Traders don’t like to speak about sum of profits, you know. A professional trader abstracts away from a value of money at the account. Forex traders should easily take any loss or profit. A Bad trader thinks that he has made a mistake, that market was against him and he is not a lucky person. A good trader is sure in his Forex strategy and he knows that after one, two or three losses will be a good profit which will break all the losses. A professional trader knows that he can’t have only profits, but hу has much more profits then his losses. It is not my words but it is really true.

What about losses. As I have already mentioned I can remember some difficult situation but not some particular loss. For example, I had waited some event long, and I was sure in the situation. Bur this event hasn’t occurred and vice versa it has draw back. I had waited several weeks and then I put up with it. I thought that this event will never occur. But one day the situation has suddenly changed and I have got a huge loss instead of a huge profit. These moments I, as forex trader, remember and will remember.

-What recommendations can you give the beginners of Forex trading?

-Don’t set any limits and rules! There are no any limits and rules. Listen to your collegues and take an advice, but you should always have your own opinion. Don’t be a part of a crowd. You must be a part of 1% of profitable traders. Always keep abreast of the situation in the world! There is no the Holy Grail of zero-risk trading strategy. The Holy Grail of Forex is the trader. So you should find this trader inside you.

- How has the market changed during recent years? What is your prognosis?

- There is no doubt that market has become more complicated. We can speak about it from different point of views and there are many, sometimes opposite opinions. Market is operated by professional manipulators now. Not long ago you could trace the movement of market by news oк some event and so on. Today the certain situation or event is created to live up to smb’s expectations of this movement.

-What can we expect from Forex market in the near future? Your brief analysis…

- I operate short-term trades, but can give more long-term prognosis. EUR/USD – expected to reach about 1,4400, then trend down to 1,300-1,270. GOLD/USD – expected to continue growing to 1495-1500, then trend down to 1200. I think it is enough.

- Ok, thank you for your answers and good luck!

- Thank you!

Trading Forex is a long term business.

If you keep your homework, you will finally achieve consistent results (I´m done for the month, as you can see my performance) . But still for many , you are left with your trading plattform and  your account hit. So what´s next ? For the first time, I´m offering you the opportunity to ask me as many questions as you have regarding Forex .

Please submit your comments and will reply in several posts .

Hello, everybody! Here you can see some steps to achieve good results in Forex trading. These notes will help beginners and they also can remind experienced traders some details of successful trading . So, let’s begin:

1. Don’t set wrong goals. Focus on reality.

2. Don’t give up quickly and don’t give up than you almost reach the prize.

3. Don’t worry all along and don’t think about the worst possible results

4. Don’t forget your mistakes. You should analyze them.

5. Draw a plan! Forex needs a right approach to the matter!

6. Don’t blame your wife, your children, your dog, your neighbor. Your mistake must be only yours!

7. You should always know what you should do.

8. Take a pause from time to time. Think over everything and relax.

9. Don’t focus on your achieved results. Face the future!

10. Don’t put off things that you can do right now.

11. Don’t forget that you should live for the present. Enjoy your Life!

12. Ask right person in order to get a right advise.

13. Don’t blame yourself! Everybody makes mistakes.

14. Don’t trust anyone. Forex and trust are not compatible.

15. Be grateful for that you have.

16. Don’t wait when someone will come and help you.

17. Don’t let yourself give way to despair. It wrong to make your previous unsuccessful attempts to become a part of you.

18. Don’t be afraid to try again and even fail again.

19. Spare no effort improve your skills!

20. Be active, positive and optimistic!

Of course this is just a small part of the necessary things. We need to follow regularly latest Forex reviews, market analysis. Then we will get advantages of Forex trading and make money. But without self-control and sufficient knowledge we have a huge risk and we can lose all our money in trading. We should look over and compare different methods of trading before we will invest our money in Forex trading market. Be careful, and don’t work hard, work smart! And keep it simple!

Good luck! Good profits, my friends!

Hello everybody! First thing I want to mention is that we glad to cooperate with you; we always try to create the best conditions for your activity. We (GFTraders – Traders job) create a good basis, so you can feel comfortable and confident at Forex market. Of course it will be impossible without professionalism of our trade system suppliers.

So, today I would like to tell you about one of our outstanding and reliable traders. His name is Jpocalles and he is really proved to be professional. Firstly, it is necessary to mention that he has written a couple of quite wise and important posts to our blog, where he has opened and explained some hot issues. His inferences testify that he has a certain experience of Forex market trading which lets to consider him as a prospective and successful supplier of signals. Also I think it is necessary to mention that it is always good for clients to know more about your supplier and his thoughts and views. And these posts show that Jpocalles is a real expert and definitely he knows his business. It is a wise step to write articles, because it helps to draw subscriber’s attention to you and reveal your thoughts. And I think you will agree that all subscribers (current and potential)always will be glad to know more about their trader. So thank you, Jpocalles for this opportunity! You can look through one of his post here. Also I would like to mention that this signal provider has pretty good performance of his trading system. Total profitability is 20.59%, he achieves his monthly goal and shows stable and, what is more important, profitable results. To know more about his strategy and look at his statistics you can here. Subscribe and enjoy making money!

Another trade strategy supplier I want to tell you is ForexGainsALLwin. Having over 15 years experience, he is one of the top traders of our service. As you can realize it indicates that heis an adept in Forex market trading. His statistics proves it. For example: win ratio is 91%, total profitability is 41.19 % ! Incredible results! Subscribe right now and make your profits with professionals!

Good luck! Be active and positive and together we will undoubtedly achieve success!

Hello everybody! Today we want to draw your attention to our new innovation. We (GFTraders – Traders job) always aim to improve our service according to development of Forex market and also try to make out cooperation more effective and of course more profitable. We are all interested in increase of your profits. It is really good to have you with us! Thank you! Together we are able to achieve much!

So we would like to share with you our new idea concerning our trial version subscription. Firstly it is necessary to mention that undoubtedly this system will stimulate your potential clients to further cooperation with you . Specifically, the idea is that trial versions will be always profitable for all clients. In turn it will induce your clients to subscribe on your service on monthly basis. It will lead to increase of your clients and it will also widen the number of your potential subscribers. We can conclude that thу result will be an increase of your profit, it is obvious. Profitability of such trial versions will be put into effect by extension of the current trial version for сукефшт period of time, if a subscriber has not profitable balance. Of course this subscription will not be an endless one. It will be possible to extent the subscription only for a month, but no more. We are going to implement this new trial version subscription starting from 14 March 2011. So we would like to know your opinion concerning this innovation. We are waiting for any commentaries you can give us.

Also take note that now in your profile, section «Subscribers» you can see a real state of $ and pips, which your subscribers have got. It was done for you convenience and now you can see the quantity of pips of your clients.

We look forward to cooperating with you and should be grateful for any recommendation you can give us in this matter. Thank you for your attention! Good Luck!

Last week I (Jpocalles) took some days off to stay with the family. So the question here is , should I stop trading from time to time ? A plain english answer : YES ! The end game of any trader should be to reach the monthly target and relax . I achieved 8.5 % in February , so I decided to leave for fun.

Many traders never stop trading to be ready for new trade opportunities , but at the same time your are missing your LIFE opportunity . My subscribers will realize once I reach my monthly goal I will stop sending signals , and this is part of my system. There are other technical factors , like cycles in markets. If you trade on Mondays you will probably realize trends are still undefined for the week , so the best you can do is to sit on the sidelines .

Take your time to understand when you should STOP TRADING and control your urge to trade by creating your own rules : max daily loss, don´t trade on NFPs , don´t trade on holidays weeks, etc.

Many novice traders start in Forex with a simple and plain idea:  to become rich FAST.  And the reason Forex is highly profitable is because MANY loose , and specially new participants . So my first words to Forex trading newbies would be, DON´T BUILD YOUR DREAMS … YET .

The high leverage provided by brokers is a powerful tool to make a substantial difference from your initial investment  exposure.  However, as a rookie you will blow out your account more quickly than expected .

For this reason, it is often advisable to start taking at least 3 months in a demo account before to start live , even though you use a signal service like gfsignals.com .

To be continued …

Hello everybody! Today we are going to give you the latest information about the most popular and perspective Forex signals providers! And the first trading system we’d like to tell you about is one called Freespace. At the moment it is quite popular among our clients because of stable results and pretty good profits. Just notice, the system has no unprofitable months in its trading history, which is also a sign of excellent risk-management. And another interesting point is the account growth of 45%

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While the Christmas is getting closer and closer the results of our trading strategies are getting better and better. The profit driven to the accounts of the subscribers is really enormous, which makes all users of GFSignals really happy! An excellent example is high probability trading system called ECFundFX, which is 100% profitable at the moment, having NONE unprofitable trades throughout 10 weeks of performance! And the account growth for that period is 50%! Go and get your subscription right now in order not to lose such a chance!

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