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Power Forex Profit Principle
 

Power Forex Profit Principle

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Foundational principles in trading forex.

Foundational principles in trading forex.

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    Power Forex Profit Principle Power Forex Profit Principle Document Transcript

    • Power
Forex
Profit
Principles
 
 SPECIAL
NOTE:
This
is
the
March,
2009
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.
 
 
 
 
 Good
Trading,
 
 Bill
Poulos
 
 Copyright
©
Profits
Run,
Inc.
 Page
1
of
1
 

    • 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.
 
 Copyright
©
Profits
Run,
Inc.
 Page
2
of
2
 

    • 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
06‐20090308.
 
 Copyright
©
Profits
Run,
Inc.
 Page
3
of
3
 

    • Power
Forex
Profit
Principles
 
 100,000
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
 
 Copyright
©
Profits
Run,
Inc.
 Page
4
of
4
 

    • 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
 100,000
active
traders
several
times
and
asked
them
one
question:
 
 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
5
of
5
 

    • 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
100,000
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…
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
6
of
6
 

    • 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
7
of
7
 

    • 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?
 
 With
the
world’s
financial
markets
in
turmoil,
mega
trends
in
the
Forex
markets
 have
seldom
been
better.

You
see,
the
pressures
that
are
causing
disruption
in
 
 Copyright
©
Profits
Run,
Inc.
 Page
8
of
8
 

    • Power
Forex
Profit
Principles
 
 the
stock
markets
around
the
world
are
also
causing
awesome
trading
 opportunities
in
the
Forex
markets.


 
 With
Forex
you
don’t
need
to
wonder
when
the
market
will
stop
going
down
or
 when
it
will
recover
and
how
long
that
will
take.

With
Forex,
the
six
major
pairs
 are
almost
always
up
or
down
in
what
I
call
mega
trends,
providing
trading
 opportunities
right
here,
right
now.

 
 The
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.

Or
if
 you
have
never
traded
the
Forex
markets,
you’re
wondering
about
how
you
 could
participate.

Or
you
are
wondering
how
to
control
risk
and
get
into
a
free
 trade
situation
when
trading
these
markets.

If
you’re
like
many
individuals,
then
 you
know
you
must
control
risk
first
and
foremost,
but
aren’t
sure
how
to
do
 that.
 
 As
of
this
writing,
the
U.S.
Dollar
has
rallied
against
most
major
currencies,
the
 continued
economic
fallout
from
the
housing,
banking
and
credit
crises,
and
the
 weakening
economy,
but
the
risk
of
massive
dollar
inflation
in
the
face
of
the
 unprecedented
U.S.
government
spending
could
at
some
point
send
the
dollar
in
 reverse.

But
regardless
of
what
happens
from
here
the
Dollar
will
continue
to
 provide
great
trading
opportunities
versus
the
other
major
currencies
time
and
 time
again
and
you
can
be
sure
someone
will
be
riding
a
long
run
of
hundreds,
or
 even
thousands
of
pips
as
it
does.
 
 Why?
Because
as
governments
around
the
world
scramble
to
provide
liquidity
to
 the
credit
markets
and
refloat
the
economies,
they
will
be
directly
impacting
the
 value
of
their
respective
currencies
as
they
relate
to
one
another
which
then
acts
 to
drive
the
six
major
currency
pairs
up
or
down
in
very
tradable
trends.
 
 Economists
and
other
media
gurus
are
all
trying
to
predict
what
will
happen
to
 the
economy,
when
it
will
recover
and
when
the
stock
markets
will
recover.

All
 of
this
is
generally
unknowable,
but
Forex
traders
don’t
have
to
wait
for
a
 recovery.
 
 At
first
glance,
you
might
take
such
gloomy
reporting
by
the
governments,
the
 economists,
and
the
media
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,
right
now,
they
are
creating
 
 Copyright
©
Profits
Run,
Inc.
 Page
9
of
9
 

    • Power
Forex
Profit
Principles
 
 extraordinary
opportunities
in
the
Forex
markets.

When
a
mega
trend
develops,
 you
have
the
opportunity
to
get
on
board
and
ride
the
trend
and
then
get
off
 before
the
trend
reverses.
Which
means
this
is
a
great
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
of
the
great
 trends
driven
by
the
economic
turmoil
in
the
world.
 
 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.
(I
even
have
a
 Forex
day
trading
method
I
teach
my
 students
who
can
handle
it
–
but
it’s
not
for
 everybody.)
 
 Do
you
have
to?
Not
at
all.
 
 Copyright
©
Profits
Run,
Inc.
 Page
10
of
10
 

    • Power
Forex
Profit
Principles
 
 
 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.
 
 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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
11
of
11
 

    • Power
Forex
Profit
Principles
 
 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.
 
 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.


 
 Copyright
©
Profits
Run,
Inc.
 Page
12
of
12
 

    • Power
Forex
Profit
Principles
 
 
 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
 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.
 
 Copyright
©
Profits
Run,
Inc.
 Page
13
of
13
 

    • Power
Forex
Profit
Principles
 
 
 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
 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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
14
of
14
 

    • Power
Forex
Profit
Principles
 
 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.
 
 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.


 
 
 Copyright
©
Profits
Run,
Inc.
 Page
15
of
15
 

    • Power
Forex
Profit
Principles
 
 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.
 


 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‐ 
 Copyright
©
Profits
Run,
Inc.
 Page
16
of
16
 

    • Power
Forex
Profit
Principles
 
 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.
 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.)
 
 Copyright
©
Profits
Run,
Inc.
 Page
17
of
17
 

    • Power
Forex
Profit
Principles
 
 
 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
 
  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?
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
18
of
18
 

    • Power
Forex
Profit
Principles
 
 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.
 
 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
19
of
19
 

    • Power
Forex
Profit
Principles
 
 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
 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
20
of
20
 

    • Power
Forex
Profit
Principles
 
 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.
 
 
 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
©
Profits
Run,
Inc.
 Page
21
of
21
 

    • 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.
 
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
22
of
22
 

    • 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
23
of
23
 

    • 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
©
Profits
Run,
Inc.
 Page
24
of
24
 

    • 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
25
 

    • 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
of
26
 

    • 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.
 Page
27
of
27
 

    • 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
28
 

    • 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
29
 

    • 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
30
 

    • 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
31
 

    • 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
32
 

    • 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
of
33
 

    • 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
©
Profits
Run,
Inc.
 Page
34
of
34
 

    • 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
35
of
35
 

    • 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
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
36
of
36
 

    • 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.
 
 Copyright
©
Profits
Run,
Inc.
 Page
37
of
37
 

    • 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?



 
 
 Copyright
©
Profits
Run,
Inc.
 Page
38
of
38
 

    • 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
39
of
39
 

    • 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
©
Profits
Run,
Inc.
 Page
40
of
40
 

    • 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
©
Profits
Run,
Inc.
 Page
41
of
41
 

    • 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
42
of
42
 

    • 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
43
of
43
 

    • 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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
44
of
44
 

    • Power
Forex
Profit
Principles
 
 
 Figure
16
‐
AUD/USD
ADX
Example
 
 
 Figure
17
‐
EUR/USD
ADX
Example
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
45
of
45
 

    • 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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
46
of
46
 

    • 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.
 
 Copyright
©
Profits
Run,
Inc.
 Page
47
of
47
 

    • 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
48
of
48
 

    • 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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
49
of
49
 

    • 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
50
of
50
 

    • 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
51
of
51
 

    • 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
©
Profits
Run,
Inc.
 Page
52
of
52
 

    • 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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
53
of
53
 

    • 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.”
 
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
54
of
54
 

    • 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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
55
of
55
 

    • 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
56
 

    • 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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
57
of
57
 

    • 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
quot;Golden
Rulesquot;
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
quot;old
boysquot;
 network
of
Forex
quot;gurusquot;.
 
 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.
 
 Copyright
©
Profits
Run,
Inc.
 Page
58
of
58
 

    • Power
Forex
Profit
Principles
 
 
 I
have
4
quot;golden
rulesquot;
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
 quot;secret
formulaquot;.
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.)
 
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
59
of
59
 

    • 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
quot;losing
their
shirtsquot;
attempting
to
trade
the
 Forex
markets!
 
 Can
you
quot;get
richquot;
using
a
day
trading
method
or
quot;black
boxquot;
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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
60
of
60
 

    • 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.


 
 
 Copyright
©
Profits
Run,
Inc.
 Page
61
of
61
 

    • 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
62
of
62
 

    • 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
63
of
63
 

    • 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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
64
of
64
 

    • 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.)
 
 Copyright
©
Profits
Run,
Inc.
 Page
65
of
65
 

    • 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.”)
 
 _____________________________________________________________
 
 _____________________________________________________________
 
 _____________________________________________________________
 
 Copyright
©
Profits
Run,
Inc.
 Page
66
of
66
 

    • 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)
___________________________________________________________
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
67
of
67
 

    • 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.
 
 
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
68
of
68
 

    • Power
Forex
Profit
Principles
 
 “Forex
Profit
Accelerator”
Re‐Release
Date:
 Tuesday,
March
24th,
2009
 
 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
a
limited
number
of
copies
on
March
24th,
 2009.
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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
69
of
69
 

    • 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
–
while
I
occasionally
do
day
 trade
and
even
have
a
day
trading
Forex
course,
I
prefer
end‐of‐day
Forex
 trading.

If
you
prefer
to
day
trade,
then
more
power
to
you,
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…
 
 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
70
of
70
 

    • Power
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.
 Page
71
of
71
 

    • 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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©
Profits
Run,
Inc.
 Page
72
of
72
 

    • 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
73
of
73
 

    • 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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
74
of
74
 

    • Power
Forex
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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
75
of
75
 

    • 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
 
 Copyright
©
Profits
Run,
Inc.
 Page
76
of
76
 

    • 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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
77
of
77
 

    • 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
–

 
 
 Copyright
©
Profits
Run,
Inc.
 Page
78
of
78
 

    • Power
Forex
Profit
Principles
 
 1. I’m
limiting
the
re‐release
of
the
Forex
Profit
Accelerator
to
a
very
limited
 number
of
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,
say,
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,
or
sooner,
I
will
 remove
the
order
page.

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.
 
 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
sizeable
group
of
students
was
OVER
8
 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:
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
79
of
79
 

    • 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,
March
24th.

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.
 
 
 Copyright
©
Profits
Run,
Inc.
 Page
80
of
80
 

    • 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
March
24th.
 
 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.
 
 Copyright
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Inc.
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    • Power
Forex
Profit
Principles
 
 
 quot;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!quot; -Lee Meddin, Davis, CA* quot;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.quot; --Peter M., Australia* quot;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.quot; --Rawlston W., London, United Kingdom* quot;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!quot; --Laura G., Lakewood, CO* 
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    • Power
Forex
Profit
Principles
 
 quot;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.quot; --Frans & Ingrid H., The Netherlands* quot;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.quot; --Fred B., South Africa* quot;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.quot; --Ted R., Tokyo, Japan* quot;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.quot; --Garry M., Australia* 
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    • Power
Forex
Profit
Principles
 
 
 quot;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.quot; 
 -Doug M., British Columbia* 
 
 quot;After 1 month of paper trading, I'm up 85% on a $10K portfolio. I appreciate the prompt responses to my numerous questions.quot; --Dave C., Petal, MS* quot;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.quot; --Peter A., South Africa* quot;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.quot; --Jeff F.* 
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    • Power
Forex
Profit
Principles
 
 quot;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. quot; --Yvonne F., Mohave Valley, AZ* quot;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!!!quot; --Jim M., Red Lion, PA* quot;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.quot; --Doug M., Maple Falls, WA* quot;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.quot; --Randy M., Chattanooga, TN* 
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    • Power
Forex
Profit
Principles
 
 
 quot;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.quot; -Robert Cormier, Auburndale, FL* quot;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.quot; --Robert C., Columbus, GA* quot;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.quot; --Eric N., Nottingham, MD* 
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    • Power
Forex
Profit
Principles
 
 quot;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.quot; --Doug, Australia* quot;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.quot; --Rawlston W.* quot;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.quot; --Syling L., Murrieta, CA* quot;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!quot; --Lee M., Davis, CA* quot;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.quot; --Sean D., Morris, IL* quot;I have asked many questions as a new student and customer support has been excellent. Thanks for your patience and instructions.quot; --Wayne E., Lakeland, FL* 
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    • Power
Forex
Profit
Principles
 
 
 quot;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.quot; -Jim Miller, Red Lion, PA* quot;I think it is excellent and very well done. You have done a great job in setting it all out and explaining it.quot; --Weston B., New Zealand* quot;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.quot; --Courtland D., Tampa, FL* quot;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.quot; --Mohammed S., London, United Kingdom* quot;Thank you so much for being the real deal.quot; --Jerry C., Modesto, CA* 
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    • Power
Forex
Profit
Principles
 
 quot;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!quot; --Keith D., Australia* quot;You have been a lot of help and there is much love for you here.quot; --John T., Port Orchard, WA* quot;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.quot; --Mike G., South Africa* quot;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!quot; --David H., British Columbia, Canada* 
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    • Power
Forex
Profit
Principles
 
 
 quot;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.quot; -Darwin M., Roseville, CA* quot;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.quot; --Wayne P., London, United Kingdom* quot;I am very excited about these methods, and trading in general. I wish to thank you for your guidance.quot; --Ernie W., Hermiston, OR* quot;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.quot; --Robert M.* 
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    • Power
Forex
Profit
Principles
 
 quot;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.quot; --Steve M., Auckland, New Zealand* quot;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.quot; --Kurt B., Ponte Vedra Beach, FL* quot;Your crystal clear presentation of the methods absolutely rocks! High-class education.quot; --Hans D.R., Sweden* quot;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, Short 2 USD/CAD, Pip Maximizer 2 for a 46 pip profit on 10/4. 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.quot; --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
Profit
Principles
 
 The
Mega‐Trends
My
Students
Have
Been
Enjoying
 
 If
you
missed
out
on
your
chance
to
grab
my
Forex
Profit
Accelerator
during
its
 last
release,
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
01/08
to
04/08:
1,400
Pips
of
Profit
Potential*
 
 
 Figure
44
‐
EUR/USD
02/08
to
5/08:
2,100
Pips
of
Profit
Potential*
 
 
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    • Power
Forex
Profit
Principles
 
 
 Figure
45
‐
USD/CHF
01/08
to
03/08:
2,200
Pips
of
Profit
Potential*
 
 
 Figure
46
‐
USD/JPY
01/08
to
03/08:
2,100
Pips
of
Profit
Potential*
 
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95
 

    • Power
Forex
Profit
Principles
 
 
 Figure
47
–
USD/CHF
11/08
to
2/09:
2,160
Pips
of
Profit
Potential*
 
 
 Figure
48
–
USD/JPY
11/08
to
1/09:
764
Pips
of
Profit
Potential*
 
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Inc.
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96
 

    • Power
Forex
Profit
Principles
 
 
 Figure
49
–
EUR/USD
10/08
to
1/09:
2,524
Pips
of
Profit
Potential*
 
 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.
 
 
 
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97
 

    • Power
Forex
Profit
Principles
 
 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,
March
24th,
2009.
 
 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/news2.

 
 Copyright
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    • 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:
Friday,
March
13th,
1009)
 
 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,
March
14th,
2009)
 
 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
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    • Power
Forex
Profit
Principles
 
 The
Forex
Broker
Scorecard

 (Release
date:
Sunday,
March
15th,
2009)
 
 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.
 
 Access
the
Forex
Broker
Scorecard
here:
 
 www.forexprofitaccelerator.com/4pack
 
 
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100