Forex Trading Workshop

New for South African Forex / Currency Traders.

Realise the potential to trade Currencies for a Living, attend our Forex Trading Workshop!

Join us for the Forex Trading Course of the year!

Share Direct Forex Trading Course Lecturer: Dr David Paul Date: 29 & 30 November 2010 Time: 09h00 to 16h00 Where: Centurion Investment: R12 995.00 (R10 295.00 Lecture only)

The Interbank spot market (Forex) has for a long time remained within the realms of banks and corporations.

This market has now been opened up to the private investor. The Internet has provided the medium for low cost transactions in the world’s largest workplace.

The Forex market has no central exchange and trading takes place 24 hours per day following the Sun around the World from New Zealand to The West Coast of USA.

Share Direct have identified several brokerage companies, which offer a real time trading platform. Traders can trade the four main currencies i.e. US Dollar/Yen, US Dollar/Euro, US Dollar/British Pound and US Dollar/Swiss Franc. Trades are confirmed within a few seconds and all open positions are monitored and updated in real time.

Forex trading in the Interbank market is not for the faint of heart, as leverage of 100:1 is typical. This means a margin of 1000 dollars controls 100 000 dollars of Forex. The trading Platform maintains a 5 PIP spread on all quotes where a PIP is the last decimal of the exchange rate. For currencies such as the Euro, it is the fourth decimal, and for the Yen, it is the second. Each PIP is worth 10$ and on a 1 lot basis the trader should initially set a goal to make approximately 30 PIPs per day.

On a 1 lot basis an income, if successful, of 5000$ per month (all offshore) is possible and then as the account grows the sky is the limit.

The Share Direct Forex Trading Course is a rigorous analysis of the dynamics of the market and very importantly the mindset of the trader. The course is divided into the three components required for success.

Contents:

Introduction

The structure of the Forex markets

Trading Psychology:
• THE ROLE OF WILL POWER AND IMAGINATION
• HOW TO PULL THE TRIGGER
• EXERCISES TO DIMINISH THE ROLE OF THE EGO IN TRADING
• FIVE KEY BELIEFS TO FOSTER A WINNING ATTITUDE
• EXPECTANCY AND THINKING IN PROBABILITIES

THINKING LIKE A TRADER:
STAGE 1: THE MECHANICAL STAGE
STAGE 2: PERSONALISING THE SYSTEMS
STAGE 3: DEVELOPING INTUITION
A TRADING CHALLENGE

Trading Plan:
The trading plan uses combinations of technical indicators. The plan details the best trading times, easy moves and biggest moves, trade entry and exit, including rules to master the skills of when to take profits. The trading plan makes use of both trending and range bound trading techniques, which has proven over time to be successful.

A method to trade currencies:
• in the 2-3 day time frame
• intraday using 30-minute data
• to snip and cut during the day using 5-minute data

Money Management:
The amount to risk on any one trading decision is probably the difference between winning and losing. Exact money management rules are given, with calculations of risk and moulded into the size of the trader account.

A simulation of the concept of trading clusters
Suggested Reading

If you wish to produce an income based in a hard Currency from the comfort of your home anywhere in the world and are prepared to work on your system and yourself, then this an mean a very bright future for you and your family.

This is a business opportunity with negligible capital investment, no debtors, no creditors and no unions.

For more information and registration please contact Jonathan Evans at 0861 742 733 or fax your completed registration form directly to 012 644 2899 for hisr attention.

“If you wish to produce an income based in a hard currency from the comfort of your home anywhere in this world and are prepared to roll up your sleeves for a few days of work on your system and yourself, then I can promise a very bright future for you and your family.“ Dr David Paul