forex unknown secret

forex unknown secretDo you want to make
profit on Forex EVERY 30 min? Yes, every 30 min - many times a day!

This is, the World's simplest "Forex Unknown Secret" that would take the sweating and worries away from our trading sessions. There is nothing 100 percent accurate among trading systems, that's for sure, but my "Forex Unknown Secret" - ultra simple and pure mechanical secret method has showed that even without perfection it can make of you a profitable trader. How often have you come across an advertisement or e-mail proclaiming to "teach" you the Forex trading secrets that Wall Street Insiders don't want you to know? Usually included in the descriptions of these trading products are claims such as "Make 10K monthly in minutes per day", or "Learn the secrets of Professional Brokers", etc. etc. So what are these "secrets" that they are SELLING? And if the Wall Street Insiders and the Professional Brokers didn't want to reveal these trading secrets with you, then how come the companies or individuals selling you these products are so quick to give up these "Never before revealed" techniques?

Is it because they don't work, or are their products just the basic
rules of trading rewritten (once again) in a new and thought provoking

way? Or, if you believe everything you read, is it really some highly
classified and secret method for trading stocks that is being sold
here?


In its most simplified form, the real trading secrets of the
institutions and professional traders fit into at least one of the
areas
below...

* A well developed trading system that has proven itself to profitably

work over and over again in real-life trading
* Knowing which trading strategies work best in which markets
* The role of the Market Makers and how they use their influence to
control the market and how you can use this to your advantage
* What trading secrets are actually reliable
* Which trading patterns are worth using, and when
* Proper Money Management techniques, Money Management, and Money
Management (note the emphasis here)
* A Trading experience!

Carry Trade strategy — it's one of the most popular
fundamental Forex trading strategies. It's used not only by the
common retail traders but also by the big hedge funds. The
main principle of the carry trade strategies is to buy currency
with a high interest rate and sell one with a low interest rate.
Such setup offers profit not only from the currency pair's
fluctuations but also from the interest rate difference
(overnight interest rate). This strategy should only be
applied under the normal global economic conditions. You
should never use it during the crisis.
Features
· Long-term profit potential.
· Two sources of profit.
· Works only with the growing global economy.
How to Trade?
1. Choose a currency pair with a rather high positive
interest rate difference (AUD/JPY, NZD/JPY and GBP/
JPY are good historical examples of such pairs).
2. Go Long or Short on the chosen pair, depending on the
direction with the positive overnight interest rate for this
pair.
3. Choose moderate position size, so that it would be able
to hold a significant paper loss.
4. Don't set a stop-loss (one of the few Forex trading
strategies, where stop-loss isn't recommended).
5. Wait.
6. When you feel that you earned enough or you expect
some global financial turmoil, close the position.
Example



The example chart depicts a long-term "carry trade" growth of
GBP/JPY from late 2000 till mid 2006. The pound had an
interest rate of about 5% during the period, while the yen had
its rate near zero, resulting in an overnight rate of about 5%,
which is then multiplied by your leverage. With 1:100
leverage it's approximately 2,500% over the whole period.
During the period GBP/JPY also rose by more than 6500 pips.
As you see, the profit potential is simply outstanding.
The problem is that the uptrend ended very fast in 2007 and
traders had little time to react and close the positions. The
carry trade is quite risky and you should be very careful when
deciding to use it.
Warning!
Use this strategy at your own risk.
Source: Free trading strategy can be found on many free websites

Free E_book, Free Guide
Strategy:10 --
Low-risk, high-return forex trading by W. R.
Booker & Co.
Candlesticks
For Support And Resistance -- The basics of
trading with candlesticks charts by John H. Forman.

Introduction
to Forex -- by 1st Forex Trading Academy. This
trading course intends to provide to all of the studentsanalytical
tools
on the trading system and
methodologies.