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    Forex Method for High Profit
    Forex Method for High Profit
    Forex Method for High Profit
    Ebook157 pages4 hours

    Forex Method for High Profit

    By Joseph Quattrini

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    About this ebook

    Read this Joseph Quattrini book on your PC, Mac, smart phone, tablet or digital device or in paperback.

    I get a lot of flak from the trading education community for opening up the door for new brand new traders and giving them real opportunity to learn trading the right way from the first day. Most trading shown in books, video training and webinars these days is taught not only unrealistically it shows you information you really don’t need and that cannot help you have an edge. They are showing you how to trade on information that has already happened, and there is zero edge in that. If you’re getting into this business to make money I strongly encourage you to pay strict attention to the principles in Forex Method for High Profit.

    The professional advice I give you in Forex Method for High Profit will empower you to have confidence and zero fear of going in the live markets and accurately initiating a low risk high reward position with which you can have a high probability outcome from being a live market participant. Becoming a successful self-directed investor and trader is not nearly as difficult as one would think as long as they have the proper education and proper knowledge base right from day one. It takes a while but you can do it!

    Once I tell you the basics to investing and day trading the live financial markets to make money every day with the smart money you will be on your way to consistent profits every day. From reading Forex Method for High Profit you’ll be able to incorporate the simple investing and trading principles you learn into your own core strategy when you put it together. Use the extra links provided at the end of the book to do more of your own research to begin building your own core strategy for whatever your goals from trading are.

    Your core strategy can and should be very simple and really all you will need to make money with the smart money every day in the live financial markets or any liquid market for that matter. I use the method in Forex Method for High Profit every time I initiate a position in the live market after doing my due diligence and research and you should to because it is the only way the live markets actually work which is on supply and demand. Doesn’t it make sense then to use that as your trading method, it is simple enough that a 12 year old can learn it, how old are you right now?

    If you need to learn this business from the ground up then Forex Method for High Profit is definitely a good starting point for you. I encourage you to read it as many times as it takes for it to become clear to you as to what you do and do not need to learn to be successful in this business from the start. There are no money back guarantees in the financial markets however you must know the right information from the start to have a chance of becoming consistently profitable and financially successful.

    LanguageEnglish
    PublisherJoseph Quattrini
    Release dateDec 1, 2015
    ISBN9781516321339
    Forex Method for High Profit

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    Book preview

    Forex Method for High Profit - Joseph Quattrini

    Forex Method for High Profit 

    Easiest High Probability Profit Method for Beginners

    By Joseph Quattrini

    Copyright 2015

    Who I wrote this book for

    I like to start off all of my books with this section. It gives me a chance to really connect with you as a brand new trader and let you know that what I am writing about in this book is specifically written for you. All my books are geared for people wishing to enter the business of making money with money who are brand new and have zero knowledge yet. Here is one thing I tell all brand new traders who come to me for mentoring. Those that attain their needed edge in market speculation will get paid from those who don’t, you can take that to the bank!!!

    As a brand new investor and trader with zero knowledge of the business you are at a loss as to what information you actually do and do not need. Much of what the current trading education industry is putting out is not only giving you information that is all backwards, it is very unrealistic to do in the live markets, and can get you into a lot of trouble. Why would you want to learn something that could potentially cause you to lose money right away in your new trading business? The trading education industry is not regulated so beware of that. Anyone can put out a YouTube video of anything and brand new traders who are watching these types of things thinking that what they are viewing are the right things to do.

    I get a lot of flak from the trading education community for opening up the door for new brand new traders and giving them real opportunity to learn trading the right way from the first day. Most trading shown in books, video training and webinars these days is taught not only unrealistically it shows you information you really don’t need and that cannot help you have an edge. They are showing you how to trade on information that has already happened, and there is zero edge in that.

    I have seen brand new investors and traders waste a serious amount of valuable education and training time on learning information that will not do them any good and can even cause them to lose some of their hard earned money right away in the live markets. No one wants that however it is a huge mistake that brand new traders make because they don’t know any better.

    New traders also spend way too much time on looking for the magical combination of indicators, settings and colors they think will show them something that is going to help them make more money. There are no shortcuts or bells that go ding to tell you to enter the right position so stop looking right now and if you are using something like that and you’re losing money that is why. All you need to see is right in front of you on the price chart and that is price and time. Those are the only things that professionals care about and nothing else. You can certainly use your chart like a crystal ball to tell you where price will go with a high degree of certainty and I will tell you how later in this book.

    Many of the things I tell brand new investors and traders in all my books may sound like I am a broken record and some things you read may sound repetitive. I do that for a specific reason because much of what trading is about is doing those same actions over and over again repetitively to make money the same way every day. It is the only way professional traders do it and how they develop their edge to win in the live markets against the best market participants in the world.

    The beautiful thing about the market is that it is always going to be there!! It's the best business in the world to be in as far as I am concerned. You can do it from anywhere on the planet there is WIFI so what could be wrong with kicking back on your boat at the marina or at the beach on a beautiful sunny day or flying to Europe to meet friends for the weekend. You always have a chance to make money. It's virtually 24/7. Just like a bank ATM right? It’s your job to develop your edge which is your PIN# for the ATM.

    The learning curve in this business and it is a business can be long, brutal and very very expensive if you learn the wrong way. Forex Method for High Profit aims to tell you how do study it the right way the first time and greatly reduce that long learning curve by showing you what the market is really made of and who are actually in control of it and when they are in control of it. When you have this information and can see it on a live price chart in real time and pull the trigger without hesitation you can make a lot of damn money!

    The more time you spend with learning trading the better you will get to know it and how to develop an edge. Once you can use this edge in real time you will be on your way to becoming a professional money making consistently profitable trader. I can't stress enough how important spending the proper amount of time is. Choose not to do this and you will surely lose some money perhaps all of it. Make no mistake about it; there are people in there in the live market who are there to take your money. Are you going to let them do that? Let’s have you learn the business the right way the first time from the first day.

    Once I tell you the basics to investing and day trading the live financial markets to make money every day with the smart money I encourage you to read every article and watch every video you can on the subject and incorporate the simple investing and trading principles you learn into your own core strategy when you put it together. Use the extra links provided at the end of the book to do more of your own research to begin building your own core strategy for whatever your goals from trading are.

    Your core strategy can and should be very simple and really all you will need to make money with the smart money every day in the live financial markets or any liquid market for that matter. I use this method every time I initiate a position in the live market after doing my due diligence and research.

    The professional advice I give you in Forex Method for High Profit will empower you to have confidence and zero fear of going in the live markets and accurately initiating a low risk high reward position with which you can have a high probability outcome from being a live market participant. Becoming a successful self-directed investor and trader is not nearly as difficult as one would think as long as they have the proper education and proper knowledge base right from day one. It takes a while but you can do it!

    If you need to learn this business from the ground up then Forex Method for High Profit is definitely a good starting point for you. I encourage you to read it as many times as it takes for it to become clear to you as to what you do and do not need to learn to be successful in this business from the start. There are no money back guarantees in the financial markets however you must know the right information from the start to have a chance of becoming consistently profitable and financially successful.

    <<<>>><<<>>>

    Table of Contents

    Who I wrote this book for

    The best job you never thought of

    It all starts with you

    Spot Forex versus Forex futures – what to trade?

    The only way to trade is the way the markets really work – welcome to supply and demand

    Chart reading and price action are critical skills you must develop to become successful

    Combine supply and demand with EOD trading for a double whammy high profit method

    Rules are rules and are not meant to be broken – especially for beginners

    Risk and Money Management and market timing go hand in hand

    Time the markets like the professionals

    Competition in the Forex markets is fierce and brutal – do you have an edge?

    You don’t need those fancy indicators – price action rules!

    3 things that will help you make high profits – large PM, correlation, confluence in signals

    My final advice to new beginner self-directed traders

    Bonus section

    Extra links

    Glossary

    Disclaimer

    The best job you never thought of

    What is the best job you never thought of?  I bet it wasn’t day trader, investor, or high frequency day trader? Was it money manager/day trader, risk manager/day trader? For the type of job I am writing about in this book there isn’t even a high school diploma or MBA needed!!! Hell no clothes needed for that matter! Where else can you go to work stark naked and make an unlimited income, only in this business, and only if you’re doing it from home. LOL

    To be a great investor and trader you have to get past the idea that having and making a lot of money are the only ways to happiness. Once you get past that thought process you can and will become successful. You also have to make a decision as to how much time you will put forth into your new trading business.

    What kind of investor or trader do you desire to be? You should know this before beginning this business. Figure out what style of investing or trading suits your personality the best. Do you want to day trade, swing trade, or position trade? What kind of time are you looking to put in on a daily basis? What kind of returns are you looking at monetarily? Are you the type of person who has a lot of time to devote to looking at charts in the live market to be a day trader? While I do not recommend day trading, it is possible; however, it requires a lot of time, preparation and a large amount capital. I know very few successful day traders. But if you are going to try it, Forex Method for High Profit will tell you how you can do it with as little as $500 to start off.

    There are only a few different ways to be a market speculator - which way is best for you? You would either become an intraday trader, a swing trader or position trader. Do you like action? Maybe you want to be a scalper and get in and out of trades very quickly and take many trades in one day. You need a speedy internet connection for this type of trading.

    I am sorry to inform you that there is no such thing as scalping unless you are an algorithm. Are you an algorithm? I think not! Even if you could scalp you would need to be using an account size of five hundred thousand dollars or more to make it worth the costs that you would incur doing that type of trading. Don’t be a kook and try it because as a retail trader you will lose all of your freakin money. ALLLLL OOOOOF ITTTTTT!

    The next thing you need to make a decision on before doing anything is how much money you plan to capitalize your new investing and trading business with. As has been said before and will be said again right here and now. Only trade with money you can afford to lose.

    Here is a visualization you can do to get that last sentence in perspective as a newbie. Picture yourself throwing your starting capital into your barbeque, turning the barbeque all the way up to the highest flame or like we were discussing earlier throwing all your hard earned money into the bon fire at the party you’re throwing for yourself for starting your new trading business then watching your money burn up in flames and smoke right before your very eyes.

    If you want to swing trade, you will need to have the capital in your account to handle the overnight margin requirement of whatever your chosen instrument is to work in. CAUTION: If you are new and have to use leverage to trade, you just shouldn’t trade. Stay out until you have sufficient capital to go into the market and be able to have a chance to make money.

    You can also become a position investor and trader and keep positions for a long term time horizon. Most position investors and traders are in a position for months and sometimes years. These are the most successful consistently profitable money making investors and traders in the business. It is this type of investing and trading which over the long term makes the most amount of money.

    One of the reasons this type of investing and trading is so profitable is because the expenses associated with this type of market action are low and do not add up as quickly as they do with other types of trading. Remember it takes money to make money and also costs money to make money in the live markets.

    If you would like to be more of an investor or position trader, then you will also need to be well-funded to sustain a draw-down on a position of as much as 50 percent. Should you not have the mental wherewithal to sit through a 50 percent draw-down on any given position in your portfolio, then again I

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