ALL RIGHTS RESERVED: No part of this book may be reproduced or transmitted in any form by any means, electronic or mechanical, including photocopying, recording or by any information storage or retrieval systems, without the express written permission from the author and publisher.

All materials contained herein have been copyrighted. Reproduction will be in violation of all Copyright Laws. Violators will be prosecuted. While attempts have been made to verify the accuracy of information provided in this manual, neither the author nor the publisher assumes responsibility for errors, inaccuracies or omissions.

There are no claims by the Author, Jared F. Martinez, or Market Traders Institute, Inc. com or any of its directors, employees, and affiliated instructors that the trading strategies or methodologies in this manual will result in profits and will not result in losses. This manual is not a guarantee to produce profits.

Currency trading on the FOREX and trading results in general vary from individual to individual and may not be suitable for everyone. All strategies, techniques, methodologies and trades contained in this manual should not be construed as an invitation to enter and trade in the market. Each trader is responsible for his or her own actions. Your downloading of this manual confirms your agreement with the Statement of Risk, constitutes your agreement to this disclaimer, confirms and exempts the author, publisher and Instructors from any liabilities or litigation.

Your Constant Companion I am your constant companion. I am your greatest helper or heaviest burden. I will push you onward or drag you down to failure. I am completely at your command. I am managed with care—you must be firm with me. Show me exactly how you want something done, and after enough lessons, I will do it automatically.

I am the servant of all great people and, alas, of all failures. Those who are great, I have made great. Those who are failures, I have made failures. I am not a machine, though I work with the precision of a machine and the intelligence of a person. You may run me for profit or run me for ruin—it makes no difference to me.

Take me, train me, and be firm with me, and I will place the world at your feet. Be easy with me and I will destroy you. Who am I? I am habit! This can be achieved when the trader adopts and accepts The 10 Keys of Successful Trading.

A trader must commit to live by three disciplines to become a successful trader. Three Disciplines of Successful Traders 1 A trader must believe in The 10 Keys to Successful Trading and merge them into their personality. Success depends on creating a trading plan, and maintaining the discipline to TRADE THAT PLAN!

Study technical analyses and the psychology of successful trading. A trader must make logical decisions, void of emotions, while trading. Learn to trade in control! Utilizes proper equity management and achieves a positive financial return Level Four Proficient Trader — Trades with confidence, education and experience. Achieves positive financial returns. This market is the arena in which the currency of one country is exchanged for those of another, and where international business is settled.

The Forex is a group of approximately 4, currency trading institutions that include international banks, government central banks, and commercial companies. Payments for exports and imports flow through the Foreign Exchange Market, as well as payments for purchases and sales of assets. Speculators have great financial exposure to overseas economies participating in the Forex to offset the risks of international investing. Historically, the Forex Interbank Market was not open to small speculators.

With a previous, minimum transaction size, and often stringent financial requirements, the small trader was excluded from participation in this market. Today, Market Maker brokers are allowed to break down the larger interbank units and offer small traders the opportunity to buy or sell any number of these smaller units lots. Commercial Banks play two roles in the Forex Market: 1 They facilitate transactions between two parties.

For example, two companies wishing to exchange different currencies would seek the help of a commercial bank. The Forex also includes central banks from various countries, like the U. Federal Reserve. They participate in the Forex to serve the financial interests of their country. The Forex is so large and is composed of so many participants, that no one player, not even the government central banks, can control the market. There is no centralized location for trading activity as there is in the other markets.

Currency trading occurs over the phone and through computer terminals at hundreds of worldwide locations.

The bulk of the trading is between approximately , large, international banks that process transactions for large companies, governments, and their own accounts. There are numerous advantages to trading on the Forex. Liquidity In the Forex Market, there is always a buyer and a seller! The Forex absorbs trading volumes and per trade sizes which dwarf the capacity of any other market. On the simplest level, liquidity is a powerful attraction to any investor.

It suggests the freedom to open or close a position at will, 24 hours a day. Access The Forex is open 24 hours a day from about P. Sunday to about P.

An individual trader can react to news when it breaks, rather than having to wait for the opening bell of other markets when everyone else has the same information. This timeliness allows traders to take positions before the news details are fully factored into the exchange rates. High liquidity and 24 hour trading permit market participants to take positions, or exit, regardless of the hour. There are Forex dealers in every time zone and in every major market center; Tokyo, Hong Kong, Sydney, Paris, London, United States, et al.

willing to continually quote "buy" and "sell" prices. Every position involves the selling of one currency and the buying of another.

If a trader believes the Swiss Franc will appreciate against the Dollar, the trader can sell Dollars and buy Francs. This position is called "selling short". The potential for profit exists because there is always movement in the exchange rates prices. Forex 6 trading permits profit taking from both rising and falling currency values in relation to the Dollar.

In every currency trading transaction, one side of the pair is always gaining, and the other side is always losing. dollars worth of a foreign currency. To trade on the Forex market, a Margin Account must be established with a currency broker.

This is, in effect, a bank account into which profits may be deposited and losses may be deducted. These deposits and deductions are made instantly upon exiting a position. Execution Quality Because the Forex is so liquid, most trades can be executed at the current market price.

In all fast moving markets stocks, commodities, etc. You are given the option of avoiding or accepting the slippage. The Forex Market's huge liquidity offers the ability for high quality execution. Confirmations of trades are immediate and the Internet trader has only to print a copy of their computer screen for a written record of all trading activities.

Many individuals feel these features of Internet trading make it safer than using the telephone to trade. Waterhouse offer Internet trading. These companies would not risk their reputations by offering Internet service if it were not reliable and safe.

They take multiple steps to eliminate any risk associated with financial transactions on the Internet. A Forex Internet trader does not have to speak with a broker by telephone. Execution Costs Unlike other markets, the Forex does not charge commissions. Approximately 4 pips 7 Trendiness Over long and short historical periods, currencies have demonstrated substantial and identifiable trends.

Focus Instead of attempting to choose a stock, bond, mutual fund, or commodity from the tens of thousands available in other markets, Forex traders generally focus on one to four currencies. The most common and most liquid are the Japanese Yen, British Pound, Swiss Franc and the Euro.

Highly successful traders have always focused on a limited number of investment options. Beginning Forex traders will usually focus on one currency and later incorporate one to three more into their trading activities. Margin Accounts Trading on the Forex requires a Margin Account. You are committing to trade and take positions today.

As a speculator trader you will not be taking delivery on the product that you are trading. As a Stock Day Trader, you would only hold a trading position for a few minutes, up to a few hours, and then you would need to close out your position by the end of the trading session. All orders must be placed through a broker.

To trade stocks you would need a stockbroker. To trade currencies you will need a Forex currency broker. Half of the things you do you might as well turn over to me and I will do them — quickly and correctly. I am easily managed — you must be firm with me. Show me exactly how you want something done and after a few lessons, I will do it automatically. I am the servant of great people, and alas, of all failures as well.

Those who are great, I have made great. Those who are failures, I have made failures. I am not a machine though I work with the precision of a machine plus the intelligence of a person. You may run me for profit or run me for ruin — it makes no difference to me. Take me, train me, be firm with me, and I will place the world at your feet. Be easy with me and I will destroy you.

All you need is to have your live account verified! Of course, you need to open a live account USD30 from each Forex Broker Below. Both Forex Brokers have excellent rating! Broker 1. Broker 2. Save my name, email, and website in this browser for the next time I comment. Share Tweet Share Email Whatsapp Print.

Broker 1 Broker 2 We use both of these brokers and proudly promote them! NOTE: Not all countries qualify for these bonuses.

If you have been in the Forex world for sometime and have a habit of downloading Forex PDF eBooks, then you will likely have download this Forex eBook before in the past, The 10 Keys to Successful Forex Trading PDF. The biggest problem for us these days is really not the limited access to information but instead we are in the information overload era.

We have too much information but not enough time to read all information we have gathered… resulting in most things becoming digital dust — chucked somewhere at the far end if our endless GB of hard disk space. Download this 10 Keys to Successful Forex Trading PDF and immediately read it.

You want to be a successful traders… learn and mimic their traits. We got this from 10 Keys to Successful Forex Trading. We love it some much and thought of sharing it here with you. Wherever you are now in your Financial Journey… as long as you remain determined and focus, everything and anything is possible.

Believe it! The Habit Poem I am your constant companion. I am your greatest helper or heaviest burden. I will push you onward or drag you down to failure. I am completely at your command. Half of the things you do you might as well turn over to me and I will do them — quickly and correctly.

I am easily managed — you must be firm with me. Show me exactly how you want something done and after a few lessons, I will do it automatically. I am the servant of great people, and alas, of all failures as well. Those who are great, I have made great. Those who are failures, I have made failures. I am not a machine though I work with the precision of a machine plus the intelligence of a person.

You may run me for profit or run me for ruin — it makes no difference to me. Take me, train me, be firm with me, and I will place the world at your feet. Be easy with me and I will destroy you. All you need is to have your live account verified! Of course, you need to open a live account USD30 from each Forex Broker Below.

Both Forex Brokers have excellent rating! Broker 1. Broker 2. Save my name, email, and website in this browser for the next time I comment. Share Tweet Share Email Whatsapp Print. Broker 1 Broker 2 We use both of these brokers and proudly promote them! NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies. Other Analysis Today.

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This is because they neglected some of the key necessary for their success. Having a strategy is not enough; you must have a plan for every contingency. How can I develop a Forex trading plan? Now, you want to reduce your potential loss. This situation is not a surprise for the trader because he has already thought over the worst scenario which can happen while trading. The same is while trading if you have humility to stop for a while and to think over all the mistakes which were made you will reach your trading goals. Insider's Guide To Successful Trading October 0.

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