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How to Earn Money on Forex to Trade Invert?
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in FOREX NEWS
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on July 1st, 2012
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This month I’ll explain how to trade against and  to make a lot more about the Forex. And more the market will be volatile (which is the case right now, and probably in the coming months) and the more you earn.

You may have noticed that in most cases an open trade does not close immediately, this is what we call the DrawDown because we’re on a random market, where no rule is systematic. It is often enough for you to buy the market decline, although he is bullish on the long term and reverse. And 90% of trades are going to do the drawdown higher or lower.

You have also noticed that the majority of providers close their trades with 10 or 15 pips profit, or even less, against you by forcing you been in a situation where you have eg 200 pips of profit already made and 700 pips drawdown current, or even more.
Well this is what we’ll trader. What makes most drawdown of your provider will make you more profit, if he makes a stop loss that’s all benef for you, if he makes a margin call, it’s the jackpot and if it closes advantage in that it will do you 10 or 15 pips loss.
We also saw on my site that no strategy can not last over time, so sooner or later with this method you will win if you have a sufficient margin.

How is this possible ?

Simply by using the advanced configuration functions Zulutrade

 

how to earn money on forex

For this I suggest you initially open a demo account with 10K or 20K of capital leverage 200

Then select a range of providers rather numerous, taking care to select those who are most dradown means and results, and close their trades with small profits (unlike normal trade avoid providers that tradent with their own money) and do not be afraid to charge your account (in any case it’s a demo and this will allow you to test and select a maximum of provider before going live)

Then go on the settings page of your account

Check the box advanced parameter, below margin call o metter

Appear after a few seconds each provider all functions.

For each provider check the Invert

Then at the bottom of the page click Save the settings of signal providers

That’s it.

From the two solutions

1 / Either you have the time to follow the trades or go to your account one or two times a day and you close trades manually into profit, because of course has a stop loss unless the provider does not close in loss , but I would advise against putting your own stop loss of 5 to 15 pips in case your provider would return to a trend and you would be the loser.

2 / Either you program with your account and stop loss limits, style 10 pips stop loss and take profit below the average trade drawdown of your provider (note the spread in your calculation), but in all cases the limit will be above the stop loss in pips. Although this method is less productive because it is important to take into account market volatility and therefore the monitor, to close its trades at the right time.

Note that this method is not foolproof either, it works better when markets are nervous like right now, you can also avoid trading earlier in the week, Monday and Tuesday are generally calm, with Friday and cons days of important economic announcements, style or NFP ECB rate there is the most to gain.

It remains for me to wish you good trades and good vacation if you’re already there

sincerely

Eric Novar

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Why the Majority of Traders Lose Money in Forex?
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Published by
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in FOREX NEWS
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on February 23rd, 2012
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As you probably already know 85% of traders lose money in Forex (if not everyone would be rich), the question is: “Why do all these people lose money?”

The answer is quite different than you think and my foreign exchange trading tip is:

“It is not because they take bad positions or follow the bad signal providers. It is only because in 95% of cases they have the poor Risk Management 

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“.

Here’s an example from the book by Ralph Vince “Portfolio Management Formulas”.

The experience that Ralph has conducted clearly showed the power of Money Management. It convenes 40 engineers of all kinds, statistical, mathematical, financial markets etc.. and gave them a computer game and $ 10,000 fictitious. They can play the game 100 times with a 60% chance of winning and a 40% chance of losing. They earn twice the amount contributed by them and lose the amount of their bet.

This is a game very positive mathematical expectation. As they never can dream to find in Las Vegas. Guess how many of these 40 engineers were able to earn money after 100 trials? The result of this experience is simply amazing: only 2 of 40 engineers were able to earn money. And 38 others found themselves losers.

Hard to imagine that 95% of the group could lose a game where the winning odds are greater than the loss. Yet! They ended up losing because they have relied somewhat haphazardly, without calculating the risk, without method or Money Management.

It is the same for most individuals. They invest on the stock exchange without using money management, while engaged in action to find what to buy and when to order.While the most important is to define how much should they invest in this action?

In this case I have 100 euros.

And I’m going to play heads or tails. If I win, I take double my bet. If I lose, I lose the amount of my bet. So, I have a largely positive mathematical expectation.

I have to choose between 4 options:

• I bet 10% of the total amount of my capital every throw.

• I bet 25% of the total amount of my capital every throw.

• I bet 40% of the total amount of my capital every throw.

• I bet 51% of the total amount of my capital every throw.

What is the ideal amount to bet for that after 100 shots I realize the best performance possible, knowing that I reduce the size of the bet when I lose and I increase my gains?

That’s the solution:

• relate the $ 100 4700 euro

• the $ 100 reported 36,100 euros

• relate the $ 100 4700 euro

• 100 euros 31 euros relate

ZuluTrade has developed a very interesting algorithm for setting Risk Management automatically, I urge you to use by setting the risk between 30% and 50% maximum.

You can find all information about this function on page Zulutrade tutorial

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on my site that has been updated.

Sincerely,

Eric Novar

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The Scam Binary Options
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Published by
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in FOREX NEWS
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on February 17th, 2012
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Some time we are flooded with offers from companies that offer puppet to make a fortune with binary options … and many people contact me asking me what I think about.

Here is an explanation of this scam binary options:

You don’t need to be an expert here as you simply decide whether, in a quarter of an hour, the pair of your choice to climb or to descend. This may sound easy, provided that the quotation is honest and synchronized!

But this is not the case: the companies that offer this binary option to trade using a quotation that has nothing to do with the inter-bank. This is an external rating given for information only by a market analysis site!

Be aware that your positions on options are absolutely NEVER spent actually on the market by the companies of “binary options”: this is the lottery to the best of casino roulette!

When you play on a demo account, no problem, the trend that you had planned is emerging, and you win.

When you play with real money, it’s always “the limit” … The quote on the trading platforms give you real winner, but on binary, you are “just” next. And you lose!

The marketing agent of these companies will not stop to call you for you invest more to cover your losses, they say you that you just have to play the trend given by all tradeurs to win, necessarily, at one time or another or … to play martingale, namely to increase the size of the bet every time.

The only winners who have never invested a penny on these binary options! They operate like casino, no less, and still play against you!

Flee offers there, most of the compagnies are Russian companies, or in off-shore tax havens or even more exotic but in any case unreliable …

They grow so fast as they disappear, and at best you will earn money by not … give them!
What they propose is nothing! It is no more than a game of heads or tails dressed with very unfavorable odds.

In some Paris casino double your bet (red or black, odd or even), with a probability slightly less than 1/2 (18/37 to be exact, because of 0). If you bet 100 on a pair and even number comes out, you get 200. If an odd number, you lose 100.

On average, you are losing because your expected payoff is negative:

E x = probability of winning gain-loss probability of losing x = 18/37.100-19/37.100
About E = -3

The famous binary option brokers offer to invest in options whose underlying as diverse as they are, are all governed by the same dynamic in the short term: the chance. Indeed, at a horizon a few minutes and without any major macroeconomic announcement, underlying all have the same probability of moving up or down: 1/2.

You decide to invest $ 100 on a binary that gives you 85 if your scenario comes true, and 0 otherwise.

Your hope is:
E = 1/2.85-1/2.100
E = -7.5

In reality you will lose twice as fast as your money casino.

Conclusion: if you really must play, prefer the casino: it will last twice as long.

Moreover, most of the time it is impossible to recover any funds or gains, the site dissolves your account … and sooner or later you will realize the deception!

But be aware of forums binary options most of which are the only to legitimize this scam, there are many fake users who boast that everything works very well and they make a lot of money, but is false.

All this is just a big scam, do not waste your money for it.

Sincerely,

Eric Novar

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Best Forex Advice
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Published by
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in FOREX NEWS
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on February 8th, 2012
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Hello everybody!

My name is Erik Novar and I am Forex trader at retirement. I have been learning this job more then 30 years ago, and it is seems to me that I have a lot to say and to share with you. As now I have many time and many experience.

I have made this site to share with everybody who is interested in Forex my knowledge of Forex market, my experienced in trading and my methods to make money at this market.

To trade in Forex is not easy and I don’t want to put somebodies the illusion that it is a funny game.

No, it is hard job, with many stress. But the results can be good or very good if you understand the best forex advice which is the main princip of this job.

I will give it with my site explaining how the banks make money on Forex and how you can do the same with a few clicks. Go on and you will see!

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Sincerely,

Eric Novar

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