Forex Special
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Interview: Travis McKenzie – Lifestyle Trading April 2011 »» Who with Whom? FOREX How to Use Correlations in the SPECIAL Forex Market Welcome to the World of »» Getting an Edge in The FX Market Learn How to Trade with Precision Forex Trading »» How Fast Is Your Money? We Show You How the FX Market Works and What Opportunities It Offers A Scalping Strategy for the EUR/USD »» A Declaration of Independence Your Own Rules for Successful FX Trading TRADERS´ EDITORIAL 2 On a different note: TRADERS´ comes to you free of charge. This is possible because of the support of our sponsors and advertisers. So please take a good look at their messages and help them develop their business. Moreover, we are looking forward to your feedback. This The Forex Challenge is the only way to improve our magazine constantly. Please write to feedback@ tradersonline-mag.com. Have you also already heard of the Foreign Exchange Market of brokers focusing exclusively on trading in the inter-bank experience will survive the market and have a chance to profit (Forex)? A place where it is said you can easily earn a fortune? market and customers are benefiting notably from excellent consistently. Whether you are a beginner, a professional, untalented or treatment. Competition is tough and every broker is trying For this reason it is extremely important, especially for gifted, anyone can advance to a new trading dimension and in to offer the best service. That is leading to extremely low beginners, to look at the risks as well as the opportunities a short time and rise to ranks of the millionaires… fees, great trading platforms, first class service, unbelievable this market offers. A leverage factor of 200 which is available Well, it is not quite as easy as that. Forex is basically a zero- leverage opportunities and more. practically only in this market, is effective when profiting, but sum game. That is, if you win, somebody has to lose or the But here too, there is a certain amount of danger. Especially even more dramatic when losing. Therefore, heed the risks other way around in order for the market to be balanced. So for inexperienced traders who often do not know how when trading! Always remember that in order for somebody to now, let us shift down a gear and plant ourselves firmly on the to handle the tools they are provided. Compare that to a win, somebody else has to lose. In the long run you and only ground of reality. It is of course possible to achieve success in beginning driver climbing into a Ferrari. Of course he knows you determine on which side you will end up. Enjoy reading trading Forex however, it is actually anything but easy. It is very how to work the clutch and the gas pedal and to turn the and learning. much a challenge. The good news is that there is something steering wheel. Nevertheless, there is the danger that he will you can do about it: In order to support you on your way to end up off the road one he encounters his first high-speed becoming a successful Forex trader, we have released this curve. Good Trading special edition of TRADERS´ to supply you with the necessary It is the same with Forex. It may appear that you are dealing tools to make your journey as smooth as possible. with a get rich quick scheme. In truth you are involved with With growing interest in Forex, the entire financial sector of one of trading’s top disciplines. Only those who know what Forex brokers has changed. 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The eSignal suite of products Call for details. iTunes App Store today. eSignal is a registered service mark of Interactive Data Corporation. has consistently been Interactive Data Desktop Solutions (Europe) Limited, a company regulated in the UK by the Financial Services Authority. voted best by users worldwide In Australia, Interactive Data Desktop Solutions is a service of Interactive Data (Australia) Pty Ltd provided under AFSL Licence No. 234689. x14352 TRADERS´ CONTENT 4 04/2011 April COVERSTORY STRATEGIES Welcome to the World A Secret of Funds Managers of Forex Trading Successful Management We Show You How the FX Market of Trading Portfolios Works and What Opportunities It Offers Getting an Edge in the FX market INSIGHTS Learn How to Trade with Precision STRATEGIES Additional Data – Forex and Market Techniques 35 A Secret of Funds Managers Better Performance A 1-2-3 Trading Strategy for Your Using Parallel Multiple Data Success on the Currency Market Streams to Hone Your Performance How Fast Is Your Money? Embrace Efficiency A Scalping Strategy for the EUR/ Trading Efficiently as a Business USD Correlations in the Forex Market Limit Your Losses and Who with Whom? Let Your Profits Run Using Daily Data for Triggers and COVERSTORY Short-term Data to Manage the Trade Welcome to the World of Forex Trading TOOLS Trading GBP/USD INSIGHTS New Products Using Parabolic SAR (PSAR) 22 Embrace Efficiency Increase Your Probability of Making Higher Returns when Trading Forex Bookmark BASICS A Declaration of Independence Use Your Own Rules to Be a Successful Forex Trader Spearman Indicator – Part 1 From Intelligence Assessment to Technical Analysis PEOPLE PEOPLE STRATEGIES BASICS Travis McKenzie Getting an Edge in the FX market A Declaration of Independence Travis McKenzie 70 39 63 Lifestyle Trading 04/2011 www.tradersonline-mag.com TRADERS´ INFO 5 Address TRADERS´ media GmbH Barbarastrasse 31, D-97074 Wuerzburg Phone +49 (0) 9 31 4 52 26-0 Fax +49 (0) 9 31 4 52 26-13 E-mail [email protected] Publisher Lothar Albert TRADERS’ media GmbH is a financial markets publisher specialising in education and continuing education in the field of trading and securities markets. TRADERS’ media was founded in April 2004. It publishes the trading Subscription Service www.traders-mag.com; www.tradersonline-mag.com magazine TRADERS´ in the German (print), English (digital), Dutch (digital), and Arabic (digital) languages every [email protected] month. TRADERS´ magazine was founded in 2001 by market mavericks Lothar Albert and Allison Ellis. Lothar Tel: +49 (0) 931 45226-15 Albert is CEO of TRADERS´ media GmbH and chief editor of TRADERS´ magazine. Further TRADERS´ editions will Address of Editorial and Barbarastrasse 31, 97074 Wuerzburg follow focusing on Asia (Singapore), India and Russia and coming soon in the very near future, an edition for Latin Advertising Department America in Spanish. For four years in a row, 2004-2007, TRADERS´ has been awarded the title of World’s Best Magazine for Traders by Trade2Win, an international community of traders. Editor-in-Chief Lothar Albert TRADERS´ is different and unique because we do not give any advice or recommendations on what to trade. Editors Prof. Dr. Guenther Dahlmann-Resing, Karsten This makes our content very different from any other market magazines. We are not interested in giving people Gore, Johann Gorol, Marko Graenitz, Theresa certain buy and sell recommendations, but rather in teaching the basics of trading from the state of the beginning Hussenoeder, Sandra Kahle, Nadine von Malek, to the professional level. Rodman Moore, Stefan Rauch, Tina Wagemann, Sarina Wiederer Our magazine has established itself as a source for information and communication for elite traders in Germany, Europe and around the world. Current information about technical, Articles Bert Antonik, Mustapha Azeez, Steve Beaumont, Paul Day, Peter Devaere, Stan Ehrlich, Ralf mathematical and psychological aspects of the markets is discussed in professional Kraemer, Nadine von Malek, Nick McDonald, articles and interviews.