New to FOREX?

Knowledge is the key to success. Trading in financial markets can be profitable but risky. Is it very difficult to make money in the Forex market? Definitely not, provided you know all about Forex and currency trading. It is very important to know everything you can about Forex and currency trading before you start trading. For those of you who are new to Forex, the information given in this section covers the basics of currency trading. Alpari recommends that you read it carefully and open a demo account before you start trading with us on a live account. In this section you will find articles on trading, written by our experts. More detailed information on Forex and CFD is given here. We have also developed a tutorial in order you could better understand how to make a deal. Trading successfully in the Forex market is not an easy task. However, knowing a lot about Forex and currency trading you can make it possible.

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What is FOREX?
Foreign Exchange Market (Forex) is the arena where a nation's currency is exchanged for that of another at a mutually agreed rate. It was created in the 70's when international trade transitioned from fixed to floating exchange rates, and nowadays is considered to be the largest financial market in the world because of its tremendous turnover. Probability of earning on Forex is based on the fact that every national currency is a good, as well as wheat or sugar, and a medium of exchange, as gold or silver. As the world is changing so fast, economic conditions of every country (production, inflation, unemployment etc) are getting more and more dependant on each other, as a result, the rate of a currency changes against other currencies. This is the main reason of the process of rate fluctuations.

Why FOREX?
Nowadays Foreign Exchange Market (FOREX) is the most profitable sector for your investments.
Unlike other financial markets the Forex market has no physical location, like stock exchange, for example. It operates through the electronic network of banks, computer terminals or just by phone. The lack of physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another across the major financial centers (Sydney, Tokyo, Hong Kong, Frankfurt, London, New York etc). In every financial center there are a lot of dealers, who buy and sell currencies 24 hours a day during the whole business week. Here the most important reasons why Forex is so popular nowadays:

Liquidity. Forex is the largest financial market in the world, with the equivalent of over 3-4 trillion changing hands daily when the volume on the stock markets is only 500 billions of dollars. Flexibility. Because of 24-hour trading participants of the foreign exchange market would not wait to react on some events, as this happens on other markets (for example: stock markets). On other markets you simply can be late if you have to wait till morning to show your reaction, as in the morning the event will be already in the price, greatly differ from the desired level. Lower transaction costs. Traditionally the Forex market has no commissions, except spread, the difference between ask and bid prices. Price stability. High liquidity helps ensure price stability, when unlimited contract size can be executed at a fair price. It helps to avoid the problem of instability, as it happens in the stock market and other exchange-traded markets because of the lower trade volume, where at one price only limited number of contracts can be executed. Margin. Margin size for trading on Forex is defined in the contract entered between a client and a bank or a brokerage company, which gives the opportunity to enter the market for the individuals and usually it is 1:100. So, the collateral of 1000 US dollars allows a trader to make deals on $100.000. Such high leverage combining with the rapid rates fluctuation make this

market profitable but at the same time extremely risky. FOREX may be classified by several features: Type of transactions. For example, there is an international conversion market (conversion transactions such as US Dollar / Japanese Yen or US Dollar / Canadian Dollar etc.). Geographic feature. Unlike other financial markets the Forex market has no physical location, like stock exchange, for example. It operates through the electronic network of banks, computer terminals or just by phone. The lack of physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another across the major financial centers (Sydney, Tokyo, Hong Kong, Frankfurt, London, New York etc). In every financial center there are a lot of dealers, who buy and sell currencies 24 hours a day during the whole business week. Trading session starts in Far East, in New Zealand (Wellington), then Sydney, Tokyo, Hong Kong, Singapore, Moscow, Frankfurt-on-Maine, London and ends in New York and Los Angeles.

Main FOREX Participants

Lets consider the main FX participants

Commercial banks

They execute the main volume of currency operations. Other market participants hold their accounts in banks and make necessary conversional, depositary and credit transactions on them. Banks cumulate (through operations with clients) market requirements of currency conversions and funds attraction/depositing and refer with them to other banks. Besides filling clients requests banks can make transactions independently at own their expenses. Finally, Forex represents a market of interbank transactions, and under currency and interest rates fluctuations we should consider interbank foreign exchange market. Large international banks, daily operation volumes of which reach 1 bln dollars, have the most important impact on the world exchange markets. These are such banks as Deutsche Bank, Barclays Bank, Union Bank of Switzerland, Citibank, Chase Manhattan Bank, Standard Chartered Bank and others. Large transaction volumes that may cause significant changes in quotations or currency prize are the most evident distinction of these banks. Large players are usually divided into bulls and bears. Bulls are the market participants who play for the currency prize increasing; bears are the market participants who play for the currency prize decreasing. The market is usually in balance between bulls and bears, and the difference in currency quotations usually fluctuates in quite a narrow range. Although when bulls or bears overpower, currency rates quotations fluctuate quite sharply and significantly.

Firms that realize foreign trade operations

Companies that take part in the international trading have a great demand on the foreign currency (with regard to importers) and offer of the foreign currency (with regard to exporters), and also deposit and attract free currency remains. As a rule, these organizations have no direct access to Forex and make conversional and deposit transactions via commercial banks.

Companies that realize depositing of foreign assets (Investment Funds, Money Market Funds, International Corporations)

These companies represent different international investment funds. They

realize policy of diversifying management of assets portfolio, depositing funds in securities of governments and corporations of different countries. They are called just funds in slang of dealers. The most popular funds are Quantum of George Soros and Dean Witter. Large international corporations also refer to this kind of firms. They realize foreign industrial investments: affiliates and joint enterprises foundation, such as Xerox, Nestle, General Motors, British Petroleum, etc.

Central banks

Currency regulation on the foreign market is the main duty of the central banks, particularly, prevention from national currency sharp bounces in order to avoid economical crises, support balance between exports and imports etc. Central banks have a direct influence on Forex. Their influence may be both: direct currency intervention, and indirect money funds and interest rates regulating. They cant be referred to bulls or bears, as they may play both for rising and falling depending on concrete tasks they have currently. Central banks may act alone on the market to influence on the national currency, or they may act together with the other central banks to conduct the collective currency policy on the international market or for collective interventions. The following banks have the greatest influence on the world currency market: the US Central bank US Federal Reserve (FED), German Central bank Deutsche Bundesbank and GB Central bank Bank of England (Old Lady).

Foreign exchanges

In some countries with transition economy currency markets operate. They realize currency exchange for entities and formation of the market currency rate. The State usually regulates the exchange rate, making use of currency markets compactness.

Currency brokerage firms

Their function is to bring together a buyer and a seller of the foreign currency and to accomplish conversional or loan-depositary operation between them. Broker firms take broker commission in the form of percent from the transaction charge.

Physical bodies

Physical bodies make a great deal of noncommercial transactions as related to traveling abroad, wages, pension and earned income transfer, foreign exchange cash buying and selling. In 1986 due to margin introduction physical bodies got an opportunity to invest free cash on Forex to take profit. The main volume (90-95%) on Forex is earned by the largest world commercial banks by making conversional transactions both in clients interests and by their own expense. Nevertheless, advance in computer technologies let to find field of application for funds of private and retail investors. More and more brokerage firms and banks give access for private investors to Forex via Internet.

Mini Forex
Work on mini-forex means work with contracts less than 100 000$. Mini-forex offers an opportunity to receive the services equal to those that traders who work with several thousands/tens of thousands dollars deposits receive, but depositing only 100$. When trading on mini-forex a trader just makes less than 1.0 lot deals. Till 2003 there was difference between mini-forex and forex in trading terms. Till 2003 3$ commission was charged for each transaction on mini-forex without reference to the transaction volume. Forex is an interbank market with the minimal transaction size $1 mln. A logical question occurs How transactions of $10,000 size, made on miniforex, get into the interbank market? Broker is clients counterparty for such transactions. If a broker has a lot of clients who trade on mini-forex he can transfer a joint client position to Forex. If a company works for a long time and has thousands/tens of thousands clients (both on Forex and mini-forex), then as a rule the joint client position is transferred to Forex and a broker isnt interested in his clients to lose. Every clients transaction (without reference to its financial result) brings 1-2 pips to broker. The more successful a client is, the more transactions he/she will make and the more profit a broker will take. So, work on mini-forex in large companies doesnt differ from work on Forex.

Forex Glossary
In banking practice there are special code abbreviations: for example, the exchange rate for dollar against yen refers to USD/JPY, British pound against US Dollar to GBP/USD. The first currency is referred to as the base currency and the second as quote currency: USD Base currency / JPY = Quote currency 120.25 Rate

This abbreviation specifies how much you have to pay in quote currency to obtain one unit of the base currency (in this example, 120.25 Japanese Yen for one US Dollar). The minimum rate fluctuation is called points or pips. Most currencies except USD/JPY, EUR/JPY and GBP/JPY where pip is 0.01 has 4th decimal system as 0.0001. The currency pairs on Forex are quoted as bid and ask (or offer) prices: USD / JPY = Bid 120.25 / Ask 120.30

Bid is the rate at which you can sell the base currency, in our case its dollar, and buy the quote currency, i.e. Japanese Yen. Ask (or offer) is the rate at which you can buy the base currency, in our case dollars, and sell the quote currency, i.e. Japanese Yen. Spread is the difference between the bid and the ask price. Margin trading assumes that Forex dealing is based on the margin, the collateral, and the provided leverage. This means that a client places minimal cash deposit, much smaller than the underlying value of the contract, but can operate with larger amounts sufficient to enter the real market. Such credits are provided by the brokerage companies besides their informational services and make it possible for a trader to enter into positions larger than his/her account balance. This collateral is typically referred to as margin.

Leverage is the term used to describe margin requirements: the ratio between the collateral and borrowed funds 1:20, 1:40, 1:50, 1:100. Leverage 1:100 means then when you wish to open a new position, then you must have 100 times less then the contract size. Currency Rate is the ratio of one currency valued against another value of a currency of one country. It whether depends on the demand and supply on free market or restricted by a government or by central bank. Lot is a fixed standard currency amount for trading provided on the collateral margin. Sometimes it is called the contract size. The 1.0 lot contract size for each currency pair is listed in Contract Specification. Storage is the charge to rollover the position overnight. It can be both positive (credited to your account balance!) or negative (debited from you account balance) depending on the interests rate in the countries which currencies you trade.

Trader's Textbook
For profitable work on the financial markets a trader should follow the principles specified below. Forecast which way a market is expected to trend (Analysis). There is a wide range of methods of analysis: Fundamental Analysis, Technical Analysis, Elliott Wave Analysis, Candlesticks, Tomas Demark Theory, Chaos Theory or any other. With the help of these methods a trader can forecast prices behaviour in the future. Choose a right moment to open or close a position (Trading Strategy). Trend identification is not enough for profitable trading. It is essential to choose the right moment to enter the market. E.g. if having identified the bullish trend you enter the market before a retreat starts, this retreat may cancel your stop order. Your position is closed. You lose money and the market reverses and goes in the direction youve identified. Follow the rules of money management (Money Management). It will decrease the risks of your financial operations. Your money management

system will allow you to make deals only with the minimal risk. Do not allow your emotions to operate your account (Psychological Peculiarities of Trading). When making a decision emotions should be kept under control. Emotions are the first enemies of a trader.

Fundamental Analysis
Introduction to the fundamental analysis The most important and complicated component of the currency dealing is ability to analyze the tendency of market changes and therefore to forecast which factors will influence on the currency rate and how. The probability of a quick profit taking and quick losses is included in the price trend. Thus, correct forecast of the market trend, estimation of different events, correct reaction to the speculations and expectations re the necessary component of trader?s successful work. There is a great deal of factors which influence on the whole market as well as on the separate instruments (currencies, shares, futures). There are two main methods of the market analysis fundamental and technical. The fundamental analysis estimates the market situation in the context of political, economical, financial and credit aspects. The technical analysis is based on the methods of graphical research and mathematical analysis. In the context of the fundamental analysis monetary, political and economic events in the world are studied. These events may influence on the market development. The most important here is information about economic indicators of the countries, work of exchanges and large companies such as market-makers, interest rates of the central banks, government's economic rate, probable changes in the country's political situation, various speculations and expectations. The fundamental analysis is the most complicated and important part of the work at the forex market. To perform the fundamental analysis is much more difficult than any other, as the same factors have different influence on the market in different situations and important factors may shift to the insignificant ones. Except some more formal rules experience of work at the market is needed here. Fundamental factors are usually estimated from two points of view: Influence on the interest rate; State of the countrys national economy.

Data of Economic Development of a Country

The principle of this sub-group impact is based on the axiomatic statement that the rate of any currency is the derivative of this country economic development. Stability of economic development specifies foreign investors interest in the capital expenditures to the country and, correspondingly, demand on the national currency. The data of economic development of a country include such key indicators as balance of trade and balance of payment, inflationary rates, unemployment rate, GDP etc. In the Forex market a unified system of currencies quotation through the US dollar was elaborated. Thus, the US economic development and the dollar rate are the key factors, which specify market movement, common to the main currencies. That is why the US dollar and its behavior are in the limelight, as they trigger some specific reaction of other currencies. Frankly speaking, it doesn't eliminate other factors impact, such as policy of the national banks or influence of the related markets, which will be described briefly a bit later. In the USA the main indicators of economic development are released monthly or quarterly.

Trade negotiations Trade negotiations are the important part of economic policy of any country. In particular, such the important economic indicator as trade balance represents the difference between export and import. In case the sum of exported goods and services exceeds the price of imported ones Trade Balance is positive (surplus), in case import surpasses export it is negative (deficit). The trade deficit is the main problem for the USA within the last years. It is one of the reasons of the dollar fall against the major European currencies. Results of trade negotiations have an immediate impact on the market.

Technical Analysis
Technical analysis is market dynamics research, mostly by means of charts, to forecast future prices movement. There are three principles of technical analysis: 1. Price discounts everything

Price is affected by economic, political and other fundamental factors. Some of them push the price up and others down. Price and factors influencing it. All this information is reflected in prices. Technical analysis utilizes the information captured by the price to interpret what the market is saying with the purpose of forming a view on the future. 2. Price movements are not totally random, or prices trend Trend is the main direction of the price. The main purpose of the charts is to define a trend at an early stage and to trade in accordance with its direction.

3. There are three types of a trend

Trend Analysis
Trend is a general direction of the price. There are three types of trends:

Uptrend (or bullish). Prices rise. Downtrend (or bearish). Prices fall. Flat or Range.

Though any price movement can not be linear. Any trend consists of the periods when the price moves in the direction of the main trend (Impulsive movement) and periods of retracement (Correction). The market moves in the wave mode. As the result tops and bottoms form on the price charts. Support/Resistance Levels Looking at the charts you can notice that tops and bottoms of the market can be almost on the same inclined (sometimes horizontal) line. Such lines are called support / resistance levels. Resistance: lines are drawn between the significant top points. The more tops confirm the line the stronger it becomes. That is the market shows that the price level, specified by the resistance line, is very important and the market, having reached its saturation, bounces back from it.

Support: lines are drawn between the significant bottom points. Once the support level is broken downwards it becomes the resistance level. Once the resistance level is broken upwards it becomes the support level.

Channel Lines Often prices fluctuate between support / resistance levels. Such a movement is called a Chanel. In case the channel lines diverge this is an expanding channel, if they converge, then it is contracting.

Trend Indicators
Moving Average Moving average is the average of prices over a specified number of periods. It is a smoothed correlation between currency rates and time periods. The time period of any moving average defines how much it will be smoothed. For example, when a Moving Average is calculated by adding the closing prices for the last 5 bars, then it is defined as a 5-period MA. Simple Moving Average SMA: SMA = (P1+P2+P3+.+Pn) / n P= Price price of i-bar. Usually closing prices are used. n MA period. This is a number of bars on which the indicator is calculated. The main disadvantage of SMA is that it counts the price twice, when it is received and when it leaves the area of calculation. That is why improved variants of the indicator should be better used. Weighted Moving Average (WMA): WMA = (w1*P1+w2*P2+w3*P3+.+wn*Pn) / (w1+w2+w3++wn) wi the so called weight or coefficient which is assigned to every price. The closer the price to today the larger coefficient is assigned. Exponential Moving Average (EMA): EMA(t) = EMA(t 1) + (K x [Price(t) EMA(t 1)], where t current time period (current bar), t 1 previous time period (previous bar), K = 2 / (n + 1), n EMA period. The main advantage of the Exponential Moving Average (EMA) is that it discounts both prices of the previous and current periods. Every subsequent value becomes more significant. MA length is better to choose for every specific instrument on which you trade and for every specific chart scale. Some traders believe that it is better to use Fibonacci figures. For example, the following ones.

How to analyze Moving Averages: If the price line crosses the Moving Average line from below, then this is a signal to buy. If it crosses from above, then it is time to sell.

The first method gives many false alarms as markets become faster each year. That is why cross-points of two Moving Average indicators of different periods are used (n1 and n2);

Moving Average indicators of a greater period may specify the trend themselves. When the value of the indicator is more than 40 it becomes less sensitive to price movements and indicates only the general direction of the movement (Trend);

The points of the most significant divergence of MA and the price chart indicate that the market is overheated greatly and correction is possible. Moving Average signals are more effective on a trend market and less effective when the market is flat. As MA is a lagging indicator, it gives many false alarms.

Chaos Theory
Its important to understand the meaning of chaos in order to understand correctly Bill Williams' Chaos Theory. Traditionally chaos is considered to be a disorderly structure, though in fact it is much higher level of order. Chaos is permanent, but stability is temporary. Financial markets result from chaos. Bill Williams developed unique trading concepts by combining trading psychology with the Chaos Theory and its particular effect on the markets. He suggested that rewards from trading and investing are determined by human psychology and that anyone can become a profitable trader/investor if they uncover hidden determinism in seemingly random market events. Bill Williams says that fundamental or technical analysis can not guarantee steady profitable results because they do not see the real market. Moreover, Bill Williams says that traders lose because they rely on different types of analysis, which are useless in nonlinear dynamic models, i.e. the real markets. Trading is a psychological game, the way of self-realization and selfknowledge, so the best way to become successful is to find your trading self, to get to know it better and to follow it no matter what. Thus, there are two significant aspects: self-knowledge and understanding of the market structure. It is Bill Williams' view that making money can be easy if you understand the market structure. In order to do this you should be aware of the market's inherent parts called dimensions, each of which adds to the total picture. These market dimensions are: 1. Fractal (phase space) 2. Momentum (phase energy) - Awesome Oscillator 3. Acceleration / Deceleration (phase force)

4. Zone (phase energy / force combination) 5. Balance Line (strange attractors) It is worth mentioning that before the first dimension (Fractales) generates a signal, all signals generated by other dimensions should be ignored. Once the position is open in the direction of the first fractal signal, the trader adds-on to this position every time a signal from other dimensions is generated. As a result, a 30% market movement gives the opportunity to make a profit of 90120%. Bill Williams' method to exit the market is very sensitive to price movements, so it helps to fix profit within the last 10% of the trend, capturing not less than 80% of the movement. Bill Williams' theory has become very popular among Forex traders.

Mechanical Trading Systems

Alexander Elder's Triple Screen Trading System is a vivid example of mechanical trading systems. Alexander Elder's Triple Screen Trading System The idea of the Triple Screen Trading System is based on the concept that the market is moving in waves just like waves in the ocean. Every powerful wave consists of smaller ones, which consist of even smaller waves. To trade successfully a trader should choose the moment when waves are moving in the same direction to enter the market. First Screen - Market Tide It identifies the long-term trend (e.g. on the weekly chart). The main trend is identified on the basis of the weekly chart and MACD histogram. When histogram is down it is better to open short positions. The selling signal will be stronger when the histogram is below zero. When the histogram is up the best decision is to enter into a long position. Long position opening will be more effective in case the histogram is above zero. The tendency on the first screen is like a tide. And it is better not to swim against the tide. Second Screen Market Wave It identifies the mid-term trend (e.g. on the daily chart).

The mid-term trend is indicated with the help of oscillators, such as stochastic, RSI and other indicators created on the daily chart. If the first screen points at the bullish market and oscillators are in the oversold area this is a good signal to buy. And vice versa on the weekly bearish trend when the oscillators are overbought on the daily chart there is a good chance to sell. Waves are signals of the second screen. The Triple Screen Trading System considers only the waves which do not contradict the tide. Third Screen It identifies short-term trend, fixing breakouts of highs and lows of the previous day. If price reaches a new high comparing with the previous day, weekly trend increases and daily oscillators fall to the oversold area buy signal forms. If price reaches a new low comparing with the previous day, weekly trend is falling and daily oscillators rise to the overbought area it is high time to sell. The third screen identifies the ripple of the market. Elder Ray Indicator Elder Ray Indicator is an additional instrument of the Triple Screen Trading System. Its aim is to measure bullish and bearish force at every moment of time. The calculation is based on the following principles: Price is an agreement between sellers, buyers and square traders. The Moving Average is the averaged price agreement. The highest price is the maximum of the bullish force over a specified period of time. The lowest price is the maximum of the bearish force over a specified period of time. Elder Ray consists of three horizontal screens: The first chart is a chart with a 13-period exponential moving average. When the moving average rises there is a bullish trend. When the moving average falls there is a bearish trend. The second chart is a chart with a histogram of the Bullish Force. Bullish Force is calculated as follows: Bulls Power = High EMA, where: High the maximum price over the period; EMA exponential moving average. If the price top is higher than the moving average, then the Bullish Force is

above zero, so the bullish trend is confirmed. Otherwise, bulls are weak. The third chart is a chart with a histogram of the Bearish Force: Rears Power = Low EMA, where Low the minimum price over the period. If the price low is below the moving average this means that the downtrend is very strong. Otherwise, bears are weak. Elder Ray Main Signals Buy Signals. Moving average rises and Bullish Force indicator is below zero. The best time to buy is when the Bearish Force first falls below zero and then immediately rises. If new price highs are confirmed by new Bullish Force indicator highs, then it is a good confirmation of the bullish trend. Bearish convergence is another strong signal. Sell Signals. Moving average moves downward and Bullish Force is above zero. Bearish trend is confirmed if the price lows and Bearish Force indicator lows move downward in parallel. Bullish divergence is another strong signal.

Main Types of Charts

Quite unusual charts are used to show price movement. 1. Bar Charts This is the most common type of charts. It consists of vertical bars which show the range of the price change within some definite period of time.

Open opening price, in this case 1 hour opening price. That is the first price of an hour. Close closing price, in this case 1 hour closing price. That is the last price of an hour. High the highest price within this period of time. Low the lowest price within this period of time.

2. Candlesticks or Candles. This is also a very popular type of charts. It is built just like a bar chart. The distance between the opening and closing prices is given in the shape of the triangle. If Close is higher than Open the body of the candle is colored in light (in white color). If Close is lower than Open the body of the candle is dark.

3. Line chart

Trading Platform MetaTrader

MetaTrader 4 is the latest trading software for internet trading, which allows you to trade different financial instruments such as FOREX, CFD, Futures, and Shares. MetaTrader 4 offers clients a wide range of features: Online trading on FOREX, CFD, Futures, and Shares. Various execution technologies: Instant Execution, Request Execution, Market Execution. Confidentiality of all transactions. Technical analysis: a lot of built-in indicators and line tools, possibility of creating your own indicators and scripts, support of various timeframes (from

minutes up to months). On-line news from DJ FOREX, which contains a specialized range of information for professional Forex traders. Built-in language to develop trade strategies (Expert Advisors) MetaQuotes Language 4; accurate Expert Advisors' test on historical data. Multilanguage program interface. Charts printing. Real-time quotations export via DDE.

Before opening live account it is recommended to open demo account. Demo account doesnt actually differ from live account in functional capabilities, except the fact that profit and losses are virtual on demo account. When working on demo account, you dont bear risks to loose your money, but you may: get experience of working on FOREX; study the process of Forex analysis; try real-time quotations and improve trading strategy with no risks; develop your own system of Money Management; get experience of working in MetaTrader. How to Make a Deal for example, It is necessary to use the order window of MetaTrader to make a transaction. If market analysis shows that the currency pair chart will rise, you should buy, and vice versa, if it is expected to fall you should sell. Scroll the wheel to see how a transaction is made.

Where to trade?

ONE WORLD FOREX is positioned to attract the most diverse range of investors from the average investor to the most sophisticated retail, fund manager and/or institutional forex trader. http://www.1world-forex.com/ MARKETIVA With more than 260,000 serviced users, 150,000 unique and live trading accounts, and more than 2.7 million live orders executed each month, Marketiva is one of the most popular over-the-counter market makers in the world. http://www.marketiva.com/ NorthFinance We have been trading on the foreign currency exchange market since 2001, going from strength to strength. North Finance is registered in Belize. Its operate within the financial market in accordance with The Memorandum of Association and Articles of Association, which was given to the company by Belize International Business Companies http://www.northfinance.com ALPARI Since 1998 Alpari Ltd. has been offering private investors trading service on the international financial markets, including FOREX, via the Internet. In 2005 Alpari Ltd. was awarded by a prestigious reward Russian Financial Elite as the Best Internet Broker 2004. http://alpari.org/en/ MCFX In 2005 the co-founders of "FxTeam" established a London based company MCFX Co Ltd, who's objective is to provide a fully regulated FSA company service to large corporate and individual clients on the Forex market.At the moment the company is in the process of acquiring the FSA license. www.mcfx.co.uk

Forex Killer Features

Used by both professional traders and beginners with no Forex experience! You can start with as little as $1000 on real account or test system on Demo! Developed by team of experts: a mathematics Ph.D., a behavioural psychologist and an experienced Forex trader System is highly efficient (that means, very profitable). You can earn $ 500 per day! Works in any country with any broker you like! Applies to any currency pair and any financial market! Reliable and consistent, Stand-alone software! Can be tested without risking any trading capital! Can be implemented at any time of the day because a market is always open Breathtakingly simple, Easily and quickly understood by the average independent trader!

3 easy steps how to use Forex Killer Software:

1. Input data for last 10 time periods (hours, days or weeks) 2. Press Calculate button to generate next Signal and its probability 3. Place market orders and get your Profit!

Let's look at Forex Killer trade example:

1. Long trade triggered on the 11th of May at 1.3485 2. Profit objective is reached, 1.3590 Profit: +105 pips ($ 1050)

FAQ: Here are some of the frequent asked questions people have about Forex Killer: Q: I have never traded the forex market, is Forex Killer for me? A: Absolutely! Forex Killer software was created for beginners as well as experienced traders. From Forex Killer manual beginners will learn everything they need to know about the forex market to start trading next day! Forex Killer is successfully used by beginners with no Forex experience at all! Q: I pay hundreds of dollars as a monthly fee to companies for forex trading signals. Does Forex Killer have monthly subscribtion fees? A: No! You purchase sortware to generate your own signals at home! No more monthly fees! You can finally create signals by yourself with our forex advanced trading signal system "Forex Killer"! Q: How much money do I need to start trading? A: Depending on your broker rules, you can start trading with an amount as low as $1,000. Remember that starting out with low trading capital may put you at disadvantage because you will only be able to trade forex in small share lot sizes. We recommend to start with capital of $2,000-5,000 or train on Demo account. Q: Is it hard to learn and implement your trading system Forex Killer? A: No! Most people that purchase Forex Killer start trading the next day after they install it. Q: Does the strategy cover currency pairs other than EUR/USD? A: The strategy has been designed to be useful for trading any major currency pair such as EUR/USD, GBP/USD, USD/JPY, USD/CHF etc... The examples are mostly EUR/USD, however our forex strategy can be easily applied to any other currency pair. Q: What kind of Internet connection and computer hardware do I need? A: The kind of Internet connection that you should use depends greatly upon your trading style. Active day trading requires high bandwidth, high performance and reliable Internet connection. Although it is possible to successfully day trade using regular phone line connection, we would recommend you to use either Cable or DSL Internet service if it is available in your area.

BONUS: Forex Non-Farm-Payroll strategy

I used this strategy for many months and I have great results: 300-500 pips!! I will describe it on example: 1. You get the data from Economic Calendar by Bloomberg (http://www.bloomberg.com/markets/ecalendar/) and find the next date of NFP. You will notice : Friday Feb 3 Employment Situation 8:30ET NFP is released every month, first Friday! The employment situation is a set of labor market indicators. The unemployment rate measures the number of unemployed as a percentage of the labor force. Non-farm payroll employment counts the number of paid employees working part-time or full-time in the nation's business and government establishments. The average workweek reflects the number of hours worked in the non-farm sector. Average hourly earnings reveal the basic hourly rate for major industries as indicated in non-farm payrolls. 2. Wait untill this date. In the X day, 5-10 minutes before the 8:30ET create 2 FOREX Orders: if current price is 1.2000 then create 2 order higher and lower to this price: Buy 1.2020 T/P 1.2060, S/L 1.2000 Sell 1.1980 T/P 1.1940 S/L 1.2000 This is just an example. It is better to create several orders with lower T/P and S/L.

Real Results: Non-Farm Payroll report Feb 03, 2006 If you traded on NFP today I think your are very happy now, because we have an excellent results this month! I can say Fantastic results! You could earn up to 170 pips on every pair! I will describe it.

Economic Results: Nonfarm Payrolls, M/M change Consensus 275,000 Actual 193,000 I will describe on GBP/USD pair. Other pair gave the same great results! We opened "a sell order" near price 1.7760. Then price strongly went down to 1.7620 or even more! So if you had strong nerves - you could close near 1.7620-1.7630 (if you had large Take Profit)! So you profit can be 140 pips after 15 minutes of work! For example, if your deposit was $10,000 and you opened 4 orders (1,0 Lot) on 4 pairs: EURO,DOLLAR,GBP and CHF you cound make $5600 of real profit! (or 50% after 15 mins)!

MARCH 10, 2006 Profit 135 pips!!! April 7, 2006 Profit 60 pips!!!

We wish you Happy Trading & Great Profits!

Forex-Killer Team