The Inevitable Collapse Of The US Dollar
The most startling video that shows the inevitability in the crash of the US Dollar. This is such a devastating video that we believe that is impossible not to stand up and take notice that the US Dollar and stock market will crumble. The path that the US is on is truly not sustainable. Forex Traders have been lamenting over this for a long time and in recent weeks the US Dollar has been rebounding though most believe its just what is known as a “head fake” and the currency will continue to experience weakness.
[tags]us currency collapse,us economy collapse,us economic collapse,us economic collapse,us dollar collapse[/tags
This is very important as I reviewed a seminar that was held and answered several questions.
I would like to thank you for attending my webinar and showing your support for my methods. The feedback I have received thus far has been overwhelmingly positive; therefore you can expect future webinars and workshops. I was not anticipating the huge volume of email afterward so I must apologize for the delay in getting back with you. I decided it would be much more efficient to reply to several groups, rather than trying to field each email individually. I will answer all the basic questions I was given and then follow up with some of you that still have specific questions.
What is the name of the book you are featured in?
The name of the book is “Millionaire Traders: How Everyday People are Beating Wall Street at It’s Own Game” Written by Kathy Lien and Boris Schlossbeberg.
Where can I get a copy?
All major book retailers have it available for purchase either online or at your local store. The best price I have found so far was at Amazon.com. $26.50.
Do you offer mentoring?
Yes I do offer mentoring to a select number of individuals. If you are interested in this program please give me specific details about your trading experience. I offer a free program and also one that requires a monthly commitment.
Do you offer trade signals?
The mentoring program will provide you with specific entry and exit points until you fully understand the concepts behind the trades. These signals are included in the mentoring programs free of charge.
Can you explain why you don’t use most indicators?
I have found that most indicators are unreliable and do not offer the flexibility that is required to trade the markets profitably. Therefore, I created my own discretionary system which employs a combination of fundamental analysis, technical analysis and trading psychology.
Can I purchase this system or automate it to work for me?
My trading system is not available for purchase. It is impossible to automate my discretionary system and attempts to do so have been unsuccessful.
Do you offer managed accounts or funds?
Yes it depends on how much risk capital you have available and what type of returns you are looking for. I can match you with a good fund depending on these specific factors.
What is the minimum investment for your funds?
I am currently putting together two new funds that will begin trading in Jan. 2008. The larger fund will have a min investment of $100,000. The smaller fund will have a min commitment of $10,000. My current fund is closed for new investors.
Do you have a website?
Yes it’s at Free Forex Lessons.Info
What brokerages firms do you trade with?
FXCM, Gain Capital, Oanda, Hot Spot FX, Saxo Bank.
Which are best for trading the news?
Gain Capital, Saxo Bank – fixed spreads.
How long does it take to double my account?
That is dependent on you risk tolerance and amount of leverage you use. You should not expect to double your account quickly, but instead should focus on gains of 5 to 8% per month. I can teach you some strategies to press your winnings and obtain high leveraged gains during certain market conditions.
Can you provide a record of your GBP/JPY trading?
Yes, I have enclosed an example of what can be done in a very short period of time. Don’t try this at home!
Can you show us one of the accounts you ran up from 5k to more than 100k?
I have enclosed this document as well to show trading in this manner is certainly possible. No one should expect gains of this nature, but it’s an example of pushing yourself and testing your trading boundaries.
Did you use the round number break since the webinar?
Yes and thank you for all the wonderful emails confirming this strategy works. You could have used it for EUR/USD on the break of 1.42 resistance, GBP/USD also had a huge break through 2.04, while USD/CAD broke through support at parity. All of these trades would have netted you a min. of 50 pips if you followed the round number strategy.
Where do I go to find out official government employment numbers?
The labor department – www.bls.gov
What about COT reports?
www.cftc.gov/marketreports/commitmentsoftraders/index.htm
Where can I find more info on Feng Shui?
There is a ton of free material on the internet and some really good books on this subject at half price books. I would also recommend you spend time with an elder Chinese person that is willing to educate and enlighten you on the powerful effects of properly interacting with your environment.
Which chart do you use before entering a news trade?
I use the 5 min chart to decide where the resistance and support points are located. I prefer zooming down to a 1 min chart for making entries and exits.
Do you only trade the news?
Around 70 to 80% of my trades are made around news releases.
Do you trade long term?
No I am a short term trader. I am normally in and out within a few hours.
What time frames do you trade?
In general I am awake for the entire London & NY session. I get most of my sleep during Asia or when the market is quiet.
Do you apply Fibs to hourly charts or daily?
I generally use them on an hourly chart because I trade a shorter time frame. It really depends on your strategy and how long you plan to hold the trade.
When is your next webinar? What topics will be discussed?
I do not have a webinar scheduled at this time, but you can request one through your broker. I will most likely discuss news trading again because this is truly my area of expertise. I would like to spend at least 1 hr just discussing NFP so I can give you a more detailed explanation of how to profit from it.
You didn’t answer my question?I will attempt to answer every question. Please be patient and I will do my very best to get back with you in a timely manner.