Imagine taking a $12,000 inheritance from your grandmother
and turning it into billions of dollars!
That's exactly what Bill Lipschutz did trading in the Forex market.
Bill's current net worth is unknown, but at one point, he was making $300 million per year!
So, chances are, he's doing just fine.
The truth is, the sky's the limit when you have a deep understanding
of how the Forex market works.
Bill is a living example of exactly that.
But how did he do it?
What was his approach?
And what are some of his key trading strategies?
We'll get to that in just a few minutes . . .
But first, let's continue getting you up to speed on how the Forex market really works,
so you can get started as a profitable trader!
Here we go . . .
The forex market works on the same mechanism as exchange rates;
this shouldn’t be surprising because the forex market is what drives exchange rates.
One important thing to remember is that exchange rates don’t exist in a vacuum.
It’s always one FOREIGN EXCHANGE currency quoted against another.
This is because there is no absolute value in forex markets.
There’s no fixed yardstick that everything else is measured against.
Instead, currencies are traded in pairs, and a currency that’s rising
against one currency may be dropping against another.
This means that each forex trade you do is actually working with two currencies, not one.
You don’t just buy dollars; you buy dollars with another currency, such as Euros.
Since your bank account probably isn’t in Euros this means
you’re simultaneously buying dollars and selling Euros.
If you sell dollars, you’d be selling dollars and buying another currency, such as Euros.
Every forex trade works this way.
Buy one, sell another.
We’ll go into the details later, but for right now, just remember this simple statement:
Buy one, sell another.
OK now, let's get back to Bill and how he turned $12,000 into hundreds of millions.
Here are some of Bill's key beliefs about Forex Trading:
* Any trading idea needs to be well reasoned before you place the trade.
* Build a position as the market goes your way and exit the same way.
* Then start to ease up once there are signs that the fundamentals and the price action are beginning to change.
* There is a need to be aware of the market's focus.
* FX is a 24-hour market and doesn't stop moving when you go to bed.
Bill also stresses the need to manage risk, saying that your trading size should be chosen to avoid being
forced out of your position if your timing is inexact.
Now, let's say YOU'VE got some investment capital and want to start multiplying it up like Bill did.
What should you do, and where should you start?
If you search online, you'll probably see various expensive courses and seminars.
But, the problem is that these often turn out to be little more than thinly disguised sales pitches
for some "guru's" services or trading program.
Let me tell you, you DON'T want to head off in that direction,
because it's a TOTAL waste of time and money.
What you need is a good EDUCATION in the fundamentals of Forex trading at a reasonable price.
For years, people have asked me what I recommend, and frankly,
there was nothing on the market that I could give my recommendation.
So, I developed my own program.
I'm really proud of it because it has EVERYTHING you need to know to get a great start in the Forex market.
If you're serious about becoming a trader like Bill . . .
Click Here To Learn More!
To your trading success,
Dustin Pass
Global Profit Systems International, 15502 Stoneybrook West Parkway Suite 104-153, Winter Garden, FL 34787, US
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