فوركس ساتو

MENTAL SANITY WARNING
For some of you this may at first seem a tad bit complicated, but
really it is quite simple.
Please read this eBook a few times, and I’m sure that understanding
will start to sink in. DEFINETELY practice these techniques in a
demo account for a while before trading real money. Over the next
couple of weeks of applying what you’ve learned in this eBook I’m
sure you’ll really grasp it. There is a saying, “understanding is a
process, not an event”. Allow yourself a while to fully integrate all
this information.
BASIC BASICS....forex sato
This program assumes you understand certain basics about FOREX
trading, but to just be sure here is a brief review.
Currencies are traded in pairs, meaning that you are really trading
one currency for another. A simple way to understand this is to
consider what you do when you go on foreign vacations. If you are
an American (for example), and you plan to travel to another
country, say Canada, then you might take say $1, 000 USD to the
bank to change it for Canadian dollars. Let’s say the exchange rate
is 1.4000, then for your $1,000 USD they would give you $1,400
CAD (ignore bank spreads/commissions). Now let’s say you didn’t
spend the money and upon coming home you decide to change it
back to USD currency. Now let’s say the exchange rate is 1.3700 (a
change of 300 pips that could happen in a week), so your $1,400
CAD would convert back to $1,021.89 US (again, ignore bank
spreads/commissions). Therefore you just made $21.89, a 2.19%
increase in funds (not bad). forex sato
In the FOREX market you could have simply traded the “Currency
Pair” called USD/CAD, first selling USD for CAD, and then later
buying back USD with the CAD you have. Basically, you are
trading one currency for the other.
Usually currencies are traded against the US dollar (USD), so you
may be trading the US dollar against the Euro (EUR), British Pound
FOREX Surfing Draft
(GBP), Swiss Franc (CHF), Japanese Yen (JPY), Australian Dollar
(AUD), New Zealand Dollar (NZD), and of course the Canadian
Dollar (CAD). There are other currency pairs, but you normally
won’t be dealing with those. The ones listed here are what are
known as the “Majors”. forex sato
When you are trading you are attempting to capture “PIPs” (Price
Interest Points), which is one/one-hundredth of a cent (for dollars).
You will notice that the exchange has two extra decimals at the end.
From our example above, there is a one-pip difference between
1.4000 and 1.4001.
One pip may not seem like much, but when you are trading large
volumes of currency, say $100,000, then one pip times 100,000 is
equal to $10 (less on certain currency pairs). When you are trading
currencies the broker gives you typically a 100:1 ratio meaning that
to “control” one lot of $100,000 all you need is $1,000 on margin.
Thus, as has been explained before, when you capture 20 pips from
this awesome trading system then that means you have just earned
$200. forex sato
Now, if you don’t have at least $2,000 to open a regular FOREX
trading account, or can’t afford potential 10 pip losses, then you
may want to consider a “mini” account. Most online brokers offer
mini trading accounts that you can open for as little as $300. With a
mini account you are trading lot sizes one-tenth of a regular lot
(10,000 vs. 100,000), with risk being one-tenth as well as your
rewards one-tenth. Trading a mini account means that 1 pip equals
roughly $1. If this is the only way you can afford to start trading
then open a mini account. Remember, as your account quickly
grows you can trade multiple mini lots, and trading ten mini lots is
the same as trading one regular lot. You could open a mini account
with say $300 and experience huge gains in your first month,
quickly building your account to be able to trade larger lot sizes.
Read the eBook “FOREX Freedom” to learn more about how to do
this. forex sato
Please remember to exercise good equity management in all your
trades, never risking more than 2% of your margin account on any
single trade, however if you have a small mini account you may
bend this rule to 5%. For example, if you have $300 in your
FOREX Surfing Draft
account, 2% is $6, equal to 6 pips loss. Realistically you need to be
prepared to suffer 10 to 20 pip losses with this system, so obviously
your risk per trade has to be a bit higher than professional traders
would normally employ. Once you get your account to $1,000 or
more then definitely limit your risk to only 2% of your margin
account on any single trade. Don’t be greedy and you’ll survive a
few losses to continue your gains. Please don’t trade money you
can’t afford to lose.
If you need more explanations about any of the above then simply
surf the web a little, particularly looking at online FOREX brokers
websites as there you should be able to learn more about the basics
of how currency pairs work, or go through my other FOREX
training materials. I have also included valuable bonuses you can
download from the Resources Section website (see bottom of this
page) that gives you a lot of additional FOREX training, and should
answer your questions (I’ve had over $10,000 worth of FOREX
training and can say with knowledge that the resources I’ve
provided for you there & in the other eBooks will teach you
everything you need to know to get started).  forex sato
A couple more things before we continue with explaining this
amazing trading system. You should have the following three
things already set up. (1) An actual trading account with real money
in it (or get one set up within a month or so), (2) a demo trading
account with fake money in it, and (3) access to charts. I would
personally recommend opening up an account with one of my
recommended brokers (listed in the Resources Section), however
any of the other major brokers may do, or whatever favorite you
have. (Important – in the Resources Section I explain certain
important criteria to evaluate your broker to see whether they’ll be
good to use in conjunction with this system. It is preferable though
to use one of the recommended brokers) They will also provide you
free charts that will be more than good enough for the purposes of
this strategy. You don’t need expensive charts; the free ones really
are all you need. It is best to use charts provided by your broker as
the FOREX market is decentralized and the trading rates differ
slightly from broker to broker, and for this strategy you need
accurate prices based on your broker’s dealing rates to succeed.
There is a special member’s only section on my website that has
FOREX Surfing Draft
links to all the resources you will need to work with this program,
including where to get accounts and charts.    forex sato
Before you commit any real money to trading this strategy you
should practice it for at least a few weeks, preferably a month or
even longer, and are experiencing successful trades to make sure
you understand everything perfectly. Go to a broker website and
register for a free demo account, preferably with the company you
actually use or plan to use for your real trades. You can register for
a regular demo account if you plan to trade regular lots as explained
above, or register for a mini demo account if you plan to start with a
mini account. In your demo account you can practice making trades
in real-time without worrying about losing any real money.
Make sure to play around with making trades in your demo account,
don’t worry about making losses, just practice entering trades to get
familiar with the steps to entering a trade. You don’t want to miss
out on a great trading opportunity because you don’t know how to
enter a trade. Also play around getting familiar with your charts. I
will explain shortly how you will use them.forex sato
forex sato