Thursday, April 12, 2012

Forex Profit Maximization System

Before we begin looking at the specifics of the Forex Profit Maximization Profit (FPMS) and how it works, let’s look at 4 building blocks that I believe to be foundations to the Forex Profit Maximization System.

Foundation #1: I highly recommend that you follow 1 or maybe 2 major currency pairs.

It gets far too complicated to keep tabs on all four. I also recommend that traders choose one of the majors because the spread is the best and they are the most liquid. I personally follow only USD/CHF because it moves the most every day.

Foundation #2: Follow and understand the daily Forex News and Analysis of the professional currency analysts.

Even though this system is based solely on technical analysis of charts, it is important to get a birds-eye view of the currency markets and the news that affects the prices. It is also important that you know and understand what the key technical ‘support’ and ‘resistance’ levels are in the currency pair that you want to trade. Support is a predicted level to buy (where currency pair should move up on the charts) while resistance is a predicted level to sell (where the currency pair should move down on the charts).

Fortunately, all the best Forex news and analysis is offered free on the Internet. Here is what you should do first:

*While you are reading the daily news and technical analysis, write down on a piece of paper what direction the analysts are saying about the major currency pair you are following and the key support and resistance levels for the day.

A. Go to www.forexnews.com and you will find 24hr news and analysis on the spot forex markets. The site will give you the big picture of how the economic calendar and central banks affect the currency markets. A great resource.

B. Next visit Commerzbank’s Daily Market Technicals here:

www.commerzbank.com/upload/dailye.pdf
This daily commentary gives you supports and resistances and predicted direction of the major currency pairs and crosses. One of the best.

C. Then go to www.fxstreet.com and click on the ‘Top Forex Reports’. Here there is a wonderful listing of all the major daily currency analysis and forecasts with support and resistance and direction forecasts.

D. Click on www.currencypro.com and go to ‘Today’s Market Research’ and there you will find more excellent analysis on the Major Currency pairs. Another great Forex Portal.

Foundation #3: Only get into a trade when the FPS technical indicators say when.

Always trade with stop losses!

It is important when you are trading Forex, to be disciplined and to stick to a plan. Don’t just trade your ‘gut’ feeling. Use the technical indicators outlined and always enter in stop losses on every trade.

Foundation #4: Practice makes perfect.

As they say, there is no substitute for hard work and diligence. Practice this system on a demo account and pretend the virtual money is your own real money. Do not open a live trading account until you are profitable trading on a demo account. Stick to the plan and you can be successful.

FOREX PROFIT MAXIMIZATION SYSTEM

STEP 1: Prepare your charts
The Forex Profit Maximization System uses 2 technical indicators to show you when you should enter and exit a trade. These are called the . . .

Just as we all know, nothing good comes free or cheap. This is a method that will make you a multi-millionaire and one of the global movers and shakers; that is, if you are consistent, dedicated, not greedy or emotional in your forex trading application.

To cut the long story short, this Forex Profit Maximization System is documented inside an x-pages e-book. No long story! if you test it on a demo and it doesn’t work, then request for a refund. But, please, please and please for God’s sake, let’s be honest with ourselves because what you are going make in fortune is incomparable to what you are going to pay me. Forex Profit Maximization System is a well-tested and proven system.

To get your own Forex Profit Maximization System, just send an e-mail to nmhightech@gmail.com requesting for this package.


For more information, simply call David on 234-(0)8053410316 or 234-(0)7044104177

Disclaimer:
Investment in the currency exchange market involves risk. Despite the fact that we as your Fund Manager will do our best to maximize your profit in any investment, there is no guarantee whatsoever on your investment or that the system will make money. All investors are investing in any Forex program at their own risk. David Adegbenro, the President of Next Millennium Hi-Tech Services or the organization itself (Next Millennium Hi-Tech Services) does not accept any liability whatsoever in respect of any loss or damage arising from or in connection with any investment or use of the information on or accessed through this document or our website/blog. All intellectual property rights in this report remain the property of David Adegbenro.

© 2012 Copyright Next Millennium Hi-Tech Services

Tuesday, April 10, 2012

Avoiding Mistakes in Forex Trading

A difficult challenge facing a trader, and particularly those trading e-forex, is finding perspective.

Achieving that in markets with regular hours is hard enough, but with forex, where prices are moving 24 hours a day, seven days a week, it is exceptionally laborious. When inundated with constantly shifting market information, it is hard to separate yourself from the action and avoid personal responses to the market.
The market doesn’t care about your feelings.

Traders have heard it in many different ways — the only thing you can control is when you buy and when you sell. In response to that, it is easier to know how not to trade then how to trade. Along those lines, here are some tips on avoiding common pitfalls when trading forex.

1) Don’t read the news — analyze the news
Many times, seemingly straightforward news releases from government agencies are really public relation vehicles to advance a particular point of view or policy. Such “news,” in the forex markets more than any other, is used as a tool to affect the investment psychology of the crowd. Such media manipulation is not inherently a negative. Governments and traders try to do that all the time. The new forex trader must realize that it is important to read the news to assess the message behind the drums.

For example, Japan’s Prime Minister Masajuro Shiokowa was quoted in a news report on Dec. 13 2001 that “an excessive depreciation of the yen should be avoided. But we should make efforts and give consideration to guide the yen lower if it is relatively overvalued.”

When a government official is asking, in effect, if traders would please slow down the weakening of his currency, then we must wonder whether there is fear the opposite will happen. In this case, that was the outcome as on Dec. 14 the dollar vs. the yen surged to a three-year high. The Prime Minister’s statement acted as a contrarian indicator. This is what “fade the news” means.

Often, a bank analyst or trader will be quoted with a public statement on a bank forecast of a currency’s move. When this occurs, they are signaling they hope it will go that way. Why put your reputation on the line, saying the currency is going to break out, if you don’t benefit by that move? A cynical position, yes, but traders in the forex markets always need to be on guard. Read the news with the perspective that, in forex, how the event is reported can be as important as the event itself.

GETTING THE POINT
Market analysis should be kept simple, particularly in a fast-moving
environment such as forex trading. Point-and-figure charts are an
elegant tool that provides much of the market information a trader needs.
Euro (25 pips x
3-box reversal)

2) Don’t trade surges.
A price surge is a signature of panic or surprise. In these events, professional traders take cover and see what happens. The retail trader also should let the market digest such shocks.

Trading during an announcement or right before, or amid some turmoil, minimizes the odds of predicting the probable direction. Technical indicators during surge periods will be distorted. You should wait for a confirmation of the new direction and remember that price action will tend to revert to pre-surge ranges providing nothing fundamental has occurred.

An example is the Nov. 12 crash of the airplane in Queens, N.Y. Instantly, all currencies reacted. But within a short period of time, the surge that reflected the tendency to panic retraced.

3) Simple is better.
The desire to achieve great gains in Forex trading can drive us to keep adding indicators in a never-ending quest for the impossible dream.

Similarly, trading with a dozen indicators is not necessary. Many indicators just add redundant information. Indicators should be used that give clues to:

1. trend direction,

2. resistance,

3. support and

4. buying and selling pressure.

Disclaimer:
Investment in the currency exchange market involves risk. Despite the fact that we as your Fund Manager will do our best to maximize your profit in any investment, there is no guarantee whatsoever on your investment or that the system will make money. All investors are investing in this Forex Investment Partnership Group program at their own risk. David Adegbenro President of Next Millennium Hi-Tech Services or the organization itself (Next Millennium Hi-Tech Services) does not accept any liability whatsoever in respect of any loss or damage arising from or in connection with any investment or use of the information on or accessed through this document or our website/blog. All intellectual property rights in this report remain the property of David Adegbenro.

© 2012 Copyright Next Millennium Hi-Tech Services


Reference: Abe Cofnas

Monday, April 9, 2012

STRATEGIC SECRETS OF PROFITABLE FOREX TRADING

Don't Jump In All At Once

When you trade with a plan, it will be easier for you to reach some realistic goals. When you start to trade you need to focus on becoming a consistent trader and learn some good trading rules.

Don't try to make money. Learn to make pips and the money will come. Think about it - when you can make 50 pips with 1 lot on a consistent basis, then you can try two lots. With the same effort you have doubled your pips. If you try to get too big too fast then you will end up wondering what happened. If this happens you many not be around long enough to become a good trader.

Define Your Goals

Set realistic goals and objectives. Start by learning how to not lose money. Once you know how to do that, focus your goal to learn how to read signals and make a little more money. Once you understand the signals and the key to not losing money, you'll be ready to start bringing in higher profits.

Trading is a process just like going through school. You start with basics, then you can add on more information. If you learn a step at a time you will build a good foundation.

Build Your Trading Plan With Time Frame


When we talk to traders from beginners to experienced, it is easy to tell those who have a good base to work from versus those that are still looking for a path to follow. Each trader has his own learning time frame and that is okay, but you need to build from the bottom up. You can not jump to the top without the time, effort and the practice.

So your trading plan should be based on knowledge as well as skill.
• If a person studies a subject for one hour a day for 3 years he will become an expert in his area.
• If he studies a subject for one hour a day for 5 years he will become an expert in his country.
• If he studies a subject for one hour a day for 7 years then he will be an expert in the world.

Suggested Trading Plan


I would suggest to plan to be a good trader on a steady path and don't think you can't get there soon enough. You will know when you are ready to move on to the next level.

Study and follow these nine steps to have a trading future:

1. Start with a trading system.

2. Learn the rules.

3. Visually check it out on the charts

4. Plan your trades

5. Practice trading your system.

6. Test your system by demo-trading.

7. Start out small. Keep a journal.

8. Evaluate your winning and losing trades.

9. Be consistent with your plan, be honest with yourself & don’t be greedy.



REFERENCE: Jed and Kirk Norwood

BENEFITS OF FOREX TRADING

There are many benefits and advantages to trading Forex. Recently, a lot of “smart” business-conscious people are choosing this path as their major economic venture. One of the great reasons is that all the Forex platforms are designed with indicators which can be used to any trader’s advantages, that is if the trader knows what he is doing, when to do it, where to do it and how to do it.

If a “smart” Forex trader can adopt a very simple system of using 2 to 3 simple indicators in his consistent demo trading, he should be able to earn $50 to $500 per trade and minimize losses on losing trades. The potential to profit is there for those who trade by following these simple rules such as using simple systems.

The great thing about Forex trading is that you can test any new system for FREE on a demo account using virtual money, before you risk one penny on actual trades.

Here are just a few reasons why so many people are choosing this market as a business opportunity:

1. LEVERAGE: In Forex trading, a small margin deposit can control a much larger total contract value. Leverage gives the trader the ability to make extraordinary profits and at the same time keep risk capital to a minimum. Some Forex firms offer 200 to 1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies. Similarly, with $500 dollars, one could trade with $100,000 dollars and so on.

2. LIQUIDITY: Because the Forex Market is so large, it is also extremely liquid. This means that with a click of a mouse you can instantaneously buy and sell at will. You are never 'stuck' in a trade. You can even set the online trading platform to automatically close your position at your desired profit level (limit order), and/or close a trade if a trade is going against you (stop order).

3. PROFIT IN BOTH 'RISING' AND 'FALLING' MARKETS: On the stock markets, you can only make money if shares are rising, but in economic recession and falling 'bear' markets, there is little chance of making big money. Forex is different. One of the most exciting advantages of FX trading is the ability to generate profits whether a currency pair is 'up' or 'down'.

A trader can profit by taking a 'long' position, (buying the currency pair at one price and selling it later at a higher price), or a 'short' position, (selling the currency pair and buying it back at a lower price). For example, if you think the US dollar will increase in value vs. the Japanese Yen then you will buy Dollars and sell Yen (go long). If you think the Yen will increase in value against the Dollar then you will sell Dollars and buy yen (go short). As long as the trader picks the right direction, a potential for profit always exists.

4. 24HRS: From Sunday evening to Friday Afternoon EST the Forex market never sleeps. This is very desirable for those who want to trade on a part-time basis, because you can choose when you want to trade--morning, noon or night.

5. FREE 'DEMO' ACCOUNTS, NEWS, CHARTS AND ANALYSIS: Most Online Forex firms offer free 'Demo' accounts to practice trading, along with breaking Forex news and charting services. These are very valuable resources for traders who would like to hone their trading skills with 'virtual' money before opening a live trading account.

6. 'MINI' TRADING: One might think that getting started as a currency trader would cost a lot of money. The fact is, it doesn't. Online Forex Firms now offer 'mini' trading accounts with a minimum account deposit of only $200-$500 with no commission trading. This makes Forex much more accessible to the average individual, without large, start-up capital.


There are some simple systems that will kick-start potential currency traders around the world, and aid them in learning more about the wonderful world of Foreign Exchange trading.

Disclaimer:

Investment in the currency exchange market involves risk. Despite the fact that we as your Fund Manager will do our best to maximize your profit in any investment, there is no guarantee whatsoever on your investment or that the system will make money. All investors are investing in this Forex Investment Partnership Group program at their own risk. David Adegbenro President of Next Millennium Hi-Tech Services or the organization itself (Next Millennium Hi-Tech Services) does not accept any liability whatsoever in respect of any loss or damage arising from or in connection with any investment or use of the information on or accessed through this document or our website/blog. All intellectual property rights in this report remain the property of David Adegbenro.

© 2012 Copyright Next Millennium Hi-Tech Services

Thursday, April 5, 2012

FOREX TRADING INVESTMENT PARTNERSHIP PROGRAMME


FOREX TRADING INVESTMENT PARTNERSHIP PROGRAMME
Trading spot currencies can be tricky without the right tools. Or the right partner.

Fortunately for individual traders and fund managers, Next Millennium Hi-Tech Services is the right partner, with the right tools for successful Forex trading.

We can help the individual trader understand the fundamentals of Forex trading, providing you with reliable data and unbiased market analysis.

In addition, Next Millennium Hi-Tech Services has built its reputation on fair and honest trading partnership and superior customer service that have come to rely on in servicing their customer base.

Forex Trading Investment Partnership Program (ForexTIPP)

Next Millennium Hi-Tech Services is hereby inviting you as our participating partner to partner with us in the ongoing Forex Trading Investment Partnership Program  as a Forex trading investor.

MODE OF THE FOREX INVESTMENT

Forex Trading Investment Partnership Program is a Forex investment program in which the fund managers are the Next Millennium Hi-Tech Services and any interested investor will be a participating partner. The participating partners will only invest their cash through a minimum of one slot. It is the duty of the fund manager to wisely trade in Forex with this pool of fund.



Forex Trading Investment Partnership Programme - Terms and Conditions
 


Forex Trading Investment Partnership Programme:

Terms and Conditions

 

  1. Forex Trading Investment Partnership Programme 2014  is an investment programme in which a participant (herein referred to as the Investor) can invest his funds on Forex trading for a pre-determined period (e.g. 12 months, 24 months etc.) while the Programme Coordinators (herein referred to as the Fund Managers) will utilize the invested funds to trade for profit.

 

  1. By participating in the Forex Trading Investment Partnership Programme 2014, an Investor confirms that s/he has read and agreed with the Forex Trading Investment Partnership Programme 2014’s rules, terms and conditions.

 

  1. At the end of every two (2) months, starting from the commencement of the programme, 50% of the income will be shared between the Investors and the Fund Managers while the remaining 50 % is invested further towards the next two (2) months. This process will continue until the last month of the Investment Programme when the final income will be fully shared (i.e. 100%) and the programme ends for that investment period.

 

  1. For simplicity, the programme “Forex Trading Investment Partnership Programme 2014 ” shall be referred to as ForexTIPP 2014, as the case applies.

 

  1. To become a/an partner/participant/investor in this Forex Trading Investment Partnership Programme 2014, an investor has to register as explained below.

 

  1. The registration for the investment starts on the Monday 16th day of December 2013 and ends on the Saturday 4th day of January 2014.

 

  1. This ForexTIPP 2014 trading programme starts on the Tuesday 7th day of January 2014 and ends on the Friday 26th of December 2014 (i.e. the programme will holds for twelve (12) calendar months).

 

  1. ForexTIPP 2014 (i.e. Forex Trading Investment Partnership Programme 2014) is currently starting with minimum of 200 slots investment from willing investors. A slot is equal to USD$10 (or NGN1,650.00).

 

  1. An investor can invest a minimum of 1 slot or a maximum of no-limit. That is, you can invest any amount of slots as you deem fit.



  1. At the end of every two (2) months, the income accrued to ForexTIPP 2014 shall be shared thus:

 

    1. 50% to the Investors/Fund Managers;

 

    1. 50% to be re-invested back into ForexTIPP 2014.

 

  1. The 50% being shared by the ForexTIPP 2014 Investors/Fund Managers will be shared as follows:

 

    1. 10% to cover the administrative charges

 

    1. 20% to the partners/participants/investors (according to the number of slot invested by individual partner/participant/investor)

 

    1. 20% to the Fund Managers

 

  1. The profit is NOT withdraw-able until the time specified by the Fund Managers in the rule (i.e. end of every two (2) months of the trade).

 

  1. Also, the 50% balance being used for trading (after the monthly 50% profit has been shared by the Investors and Fund Managers) is non-withdrawable during the trading period and can be used for trading margin only.

 

  1. The sharing of the profit will terminate at the end of the 12th month of the commencement of ForexTIPP 2014 (i.e. Friday 26th of December 2014).

 

  1. At the end of every trading month, the detailed outcome of the ForexTIPP 2014 trade will be sent to all Investors via e-mail so as to know the progress of their investment.

 

  1. To be an Investor in ForexTIPP 2014, you must invest at least 1 trading lot (i.e $10 or N1,650).

 

  1. Only the registered Investors can participate in any event whatsoever relating to the ForexTIPP 2014, unless otherwise stated by the Fund Managers.

 

  1. The Fund Managers has the right to disqualify, suspend, terminate, reject and/or refund any erring Investor immediately in the process of the Forex trading. Reasons for any of these actions can be following:

 

    1. Violation of the Forex Trading Investment Partnership Programme 2014  rules;

 

    1. Misconduct or any form of action with the aim of destabilizing the progress of the ForexTIPP 2014 programme;

 

    1. Intentional use of possible errors or discrepancies of the system or in the ForexTIPP 2014 rules with the purpose of personal gain/promotion;

 

    1. Any fraudulent actions against the ForexTIPP 2014 and/or the Fund Managers.

 

  1. To participate, follow these procedures:

 

    1. Pay amount in Naira in equivalent of slot required to the Bank Account below.

 

    1. Text the following

 

  i.      Name of depositor (must be the name of the Investor),

 

      ii.      Amount paid,

 

       iii.      Number of slots,

 

       iv.      Bank paid to,

 

  v.      Teller number,

 

     vi.      Account no. paid to,

 

       vii.      Location (Town, State & Country)

 

  to +234(0)8053410316 or  +234(0)7067171719

 

e.g. Oluyemi Hassan; N6,600; 4 slots; GTB Ikeja-Lagos, Nigeria; 231456; a/c no. 0123456789

 

    1. These are the Bank Accounts to pay to:

 

i.      Bank Name:        ECOBank Nigeria Bank Plc.

 

Branch:            Ogba-Aguda Branch, Ikeja, Lagos, Nigeria

 

Account name:          Next Millennium Hi-Tech Services

 

Account Number:     1583 005 281

 

   

ii.      Bank Name:       GTB Nigeria Bank Plc.

 

Bank Branch:            Ojodu Branch, Lagos, Nigeria

 

Account name:          David Mogbolagade Adegbenro

 

Account Number:     0019 478 338

 

    1. Also, send the following information via e-mail to davidadegbenro@gmail.com or nmhightech@gmail.com

 

 i.      Your Bank Name, Your Account Name and Account No. (e.g. Fidelity Bank, Ogba, Lagos, Nigeria; Ishola Nwozu; a/c. no. 9876543210) in which you will want your profits/income to go into. (NOTE: This last information can be sent later or as you deem fit. However, if you will prefer to collect your periodic profits through checks, then only your name and the address to which the check should be sent to will be required.)

 

  1. For more information on ForexTIPP 2014, contact:

 

http://ForexInvestmentPartnership.blogspot.com

 

David Adegbenro +234(0)8053410316, +234(0)7067171719

 

DavidAdegbenro@gmail.com, David_Adegbenro@yahoo.co.uk



On this basis, we are inviting you as an Investor to this ongoing Forex trading - Forex Trading Investment Partnership Programme. You won’t regret your decision on this investment.

Disclaimer:
Investment in the currency exchange market involves risk. Despite the fact that we as your Fund Manager will do our best to maximize your profit in any investment, there is no guarantee whatsoever on your investment. All investors are investing in this Forex Trading Investment Partnership Program  at their own risk. David Adegbenro President of Next Millennium Hi-Tech Services or the organisation itself (Next Millennium Hi-Tech Services) does not accept any liability whatsoever in respect of any loss or damage arising from or in connection with any investment or use of the information on or accessed through this document or our website/blog. All intellectual property rights in this report remain the property of David Adegbenro.