فوركس ساتو

NEW BROKER INSTRUCTIONS
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In my previous eBooks I recommend that you use either FXCM or RefcoFX
as your Forex trading broker. As I’ve stated in “Forex Scalping” that
recommendation isn’t because I consider them to be the best brokers overall,
but simply because they are the best brokers, in my opinion, to use for a new
trader.
Other reasons aside, the primary reason that I suggested you use them is
because their trading platform is so easy to use. A newbie trader with limited
understanding should relatively easily figure out how to place market orders,
entry orders, stops and limits. Other brokers’ trading platforms are more
complicated and far less intuitive for implementation of trades. When you are
learning about Forex trading it is better to stay with the simpler to use brokers
(FXCM & RefcoFX) as you don’t need to clutter your mind with the mental
gymnastics needed with the more complicated brokers. But by the time you
are reading this eBook, “Forex Sailing”, I would now consider you to be
somewhat more advanced in your understandings and ready to learn about the
more complex brokers’ trading platforms.
There are two additional reasons why it is important to learn how to work with
these more complicated trading stations.
1. Some other brokers offer you a more competitive pip spread on
currency pairs. If you are utilizing tiny-stop trades that are better suited
for currency pairs with smaller spreads then you’ll have more currency
pairs available to you to trade with. For example, one of my favorite
pairs to trade is GBP/USD, however I get a 3 pip spread with other
brokers whereas FXCM currently gives a 5 pip spread on this
pair. Obviously I wouldn’t trade that pair with FXCM if I can get a
more competitive spread.
2. In the eBook “Forex Scalping” I promised to share the secret of which
broker (at the time of this writing) still guarantees stop orders under all
volatile circumstances (i.e. FA), which means that you can sleep easy at
night not worrying that something bad could happen to blow out your
account. I will discuss this topic and reveal the broker a little later in
this section.
Forex Sailing
23
Before you continue reading this section please be aware that at first reading
this can seem quite confusing. If you are new to Forex and are already feeling
a little overwhelmed with all that you are learning then it may be best to skip
reading this section for now.
If it takes you a while to grasp these concepts then don’t worry about it. It
took me a long time to wrap my brain around these ideas when I was learning
it (and sometimes I still have to pause to think about it). Most authors who
have explained these steps seem to explain it clear as mud and you have to
really think about it. I’ve thought about how to explain this stuff to you in the
easiest way I think I can so that you’ll have a somewhat easier time learning
this.
I hope the above paragraphs didn’t scare you off, as it is not my intent to do
so. After a little while all this will become easy for you.
In this section I’ll explain to you how to place the following order
types: Market, Stop, Limit, Trailing Stop, OCO, If-Then, If-Then OCO, and
explain GTC & GFD. That stuff is relatively easy to understand but more
importantly I’ll explain how to understand “Stop vs. Limit” orders (it’s not
what you think).
I am showing snapshots from the broker “ACM”, but the general ideas shown
here will work the same with most other brokers.
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