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Forex Trading Secrets Revealed

by Mark Larsen

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

Forex Risk Disclosure. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Invest only what you can afford to lose.

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

ABOUT ME
Hey guys, ark !arsen here"

#ou probably know me from my independent $orex systems reviews website $orex%&ystems%'eviews.com (uring the last ) years I have published over *++ reviews of most commercial trading systems. $orex &ystems 'eviews is a *++, free and independent forex service. -e never join any affiliate or referral program" -e don.t charge a fee to any forex ser/ vice provider nor to our users. 0ll forex reviews are only based on the last test perfor/ mance of each forex system service and our own experience. -e were really tired of all that crap going on out in the forex market recently, so our goal is to spread the word of honesty about each system to all fellow traders looking for help and advice. y amateur forex trader friends were always asking me to recommend good forex systems to them because you know we are all too la1y to analy1e the forex market trends ourselves since it is boring technical and fundamental analysis and things like that.. &o I finally got fed up with these re2uests and decided to make a report summary on each top forex trading system I found so fellow traders didn.t have to search everywhere for the information. To my surprise, I have found that most of the forex signal providers are just mere get-rich SCAMS, promising high profits with no proof and fake reports" &o be careful and always read my short forex reviews before ordering such services.

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

ABOUT THIS BOOK


I am not a forex guru or hippie marketer that is trying to sell you some crappy system. I am a trader just like you. $irst of all I need to say that I did not write this eBook for myself, but for each and every one of you. I hope that it will be beneficial for everybody that reads it and that you will share it with all the people you know. In this book I will guide you step by step from the forex basics to the best cherry picked strategies and secrets that I use. 3verything that you need to know about how to start making money on forex" I am going to share the most valuable insider forex se/ crets and strategies that I4ve learned the last *+ years. &o please get rid of all distractions and interruptions, turn off your instant mes/ sages and email reminders, close the door and prepare to be ama1ed" #ou are going to learn something '30!!# valuable today" I know that most of my fellow traders are newbies so don.t get frustrated. $orex is a risky market but it is very lucrative at the same time and it has a lot of opportunities for you to make some money. 3nough words. Take my hand and lets get started"

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

FIRST STE S
$irst, you need to start with the basics, if you don4t know what $5'36 means, you will not understand anything in this eBook and therefore you will very likely lose your money. &o 7!30&3 don4t skip any steps" I will teach you what you need to know, once you have the basic knowledge" !ell "irst o" #ll $h#t the heck is Forex% !h#t is th#t stu"" #ll #&out% -ell, the origin of $5'36 trading traces its history back to centuries ago blah blah blah. (ifferent currencies and the need to exchange them existed since the Babylonians. In those days, the value of goods were expressed in terms of other goods 8also called the Barter &ystem9. The si1e of the $5'36 market now dwarfs any other investment market. The foreign exchange market is the largest financial market in the world, guys""" 0pproximately *.: trillion dollars are traded daily in the foreign exchange market. It is estimated that more than *,;++ Billion <&( are traded every day. I can easily say that $5'36 market is a lucrative opportunity for the modern day investor. In fact, forex trading is the simultaneous buying of one currency and selling of another. =urrencies are traded through a broker or a dealer and are traded in pairs> for example the 3uro dollar and the <& dollar or the British pound and the ?apanese #en. In general, the exchange rate of one currency versus other currencies is a reflection of the condition of that country.s economy, compared to the other countries. economies. <ntil the late *::+.s, only the @big guys@ could play this game. The initial re2uirement was that you could trade only if you had about ten to fifty million bucks to start with" $orex was originally intended to be used by bankers and large institutions % and not by us @little guys@. However, because of the rise of the Internet, online forex trading firms are now able to offer trading accounts to .retail. traders like us. !h#t 'oes it cost to tr#'e "orex% 0n online currency trading 8a Amicro accountB9 may be opened with just a couple hundred bucks. 5r you can even play with fake money with no risk on a demo account first" It4s your choice guys" 5kay enough general words. This is stuff you can read all over the place, I just wanted to make a short overview to newbies because most of my fellow traders actually are. !et4s get right into the action now. Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

CHOOSI() A BROKER. BROKERS* DIRT+ TRICKS


$irst things first. To keep the long story short, to start trading first you need to choose a broker and install etatrader platform" !et.s face it, the majority of all forex brokers that support the etaTrader C platform are pure bucket shops. The truth is you are not actually trading in a true market environment but instead in a @sandbox@ type of trading environment called dealing%desk where the broker has full control over your position. #ou are winning money and he is losing it. 0nd in this such type of environment winners are obviously not welcome. If you win consistently on a long term basis, your account can be banned or suspended and all your profits go to nowhere" 5r instead into the broker.s greedy pocket" &hockedD" Here is more...

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

$or long time I have been looking for a TC broker which offers a true non% dealing desk trading environment. 0 lot of them claim this but it is all pure B&, if you.ll pardon my $rench. If they have fixed spreads they =0EE5T be a non%dealing desk broker" 0ny broker that offers fixed spreads by definition can.t be offering a no dealing desk trading platform. ?ust be aware that when there is a trading desk involved 8be it human or computer operated9 you are not trading in a true market environment. 0 dealing desk broker, which acts as a market maker, may be trading against your position" They randomly increase the spread to kill your scalper trading systems, they send you fake spikes to hit the stop loss limits and they send you off 2uotes errors when you4re trying to close the position in profit telling you fake stories about cra1y market conditions and banks li2uidity. 0n insider friend of mine who is a key programmer working for a dealing desk brokerage firm on the -est =oast, acknowledged that brokers spike rates of up to *) pips on a routine basis and for a variety of reasons""

So ho$ 'o ,ou get #rou-' this% The solutio- is si./le0 use EC(1ST &rokers. Here #re AD2A(TA)ES OF THE (O(-DEA3I() DESK EC(1ST &rokers

4. (o I-here-t Co-"lict o" I-terest. Eon%dealing desk brokerage firms do not trade against their clients. 0s facilitators of trading, they do not take positions that may from time%to%time conflict with the interests of individual traders. 5. M#rket Access. Eon%dealing desk brokers offer every trader, big and small, e2ual access to the inter bank market. The rates 8bid and ask prices9 on a non%trading desk platform are not those set by an individual broker but those derived from active trading

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

between participating banks, institutional investors, $= .s and individual traders. The process itself makes every trader, regardless of si1e, an independent market maker. 6. He#lth, Tr#'i-g E-7iro-.e-t. Eon%dealing desk broker rates as well as bidFask prices come directly from the inter bank system. They are not filtered or otherwise manipulated or spiked by the broker to gain a trading advantage. 8.Tr#-s/#re-c,. Eo mind games. -hat you see is what you get.

Ho$e7er there #re "e$ DISAD2A(TA)ES OF THE (O(-DEA3I() DESK 4. Higher s/re#'s &preads are variable, not fixed. $orex is an extremely fluid market. &preads are in a constant state of flux and when traders trade through a non%dealing desk, they may see a do1en or more banks posting rates % the most attractive appearing above all the others. (uring peak trading hours, spreads can drop to 1ero, a fact most traders using a dealing desk are not aware of. (uring off%peak hours, spreads can be considerably higher. 5. Higher Cost o" Tr#'i-g Eon%dealing desk brokers don.t offer or execute trades based on fixed spreads. They charge a nominal transaction fee 8commission9 which is bit high. &uch is not the case with a dealing desk broker. -hether inter bank spreads are high or low, they just boost their rates to guarantee the profits they have imputed in their fixed spreads. So is there #-, ch#-ce to "i-' # MT8 EC(1ST &roker%% The goo' -e$s - ,es. I cant name the companies of course because it will look like I endorse them, however I can point you in the right direction for your research"

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

&ome 3=EF&T7 providers offer their own custom 07I or Bridge you can use to make trades in TC. 5ther companies offer commercial software to build a bridge between 3=EF&T7 environment and TC platform like Boston Bridge Tech. I believe as more time passes, more and more brokers will offer an honest regulated 3=EF&T7 environment so you can be sure no one is manipulating your trades"

M, Broker o" choice


=urrently my broker of choice is Iamfx.com and here is $h,. I decided to make a due diligence and find out more about this company. $irst of all I will say that I really like this broker. Iamfx.com is a very new company 8they only started the business in ;++:9 however in just a few months it became a headline of the first innovative broker that @works for you@, not against you like the majority of dealing desk market makers. Iamfx.com does not try to cheat you by skyrocket spreads during the 0sian session, sending spikes and off 2uotes when you try to exit the trade in profit 8a common broker trick9 G9 Iamfx business model is comprehensive and fair % they give your raw 8meaning real low inter bank spread without adding an additional ;%H pips to the spread like other brokers9 and charge you * pip commission 8which used to be ;.C pips in the past but they made right decision to lower it9. This means that your scalping 30s will have a greater chance of covering the spread and reaching the T7 target faster.

5f course before joining them, I decided to dig deeper and find out the disadvantages too. Here are the cons that I found out and I believe you should be aware of before joining them. $irst of all they are officially located in <nited &tates however they don4t have a separate physical office that allows walk%ins. They are a white label to Iallant$6 and have people within their Eew #ork office. &econdly, Iamfx is not a E$0 member, which on one hand is bad and on the other hand is good % they allow hedging and have no restrictions on margin.

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

5ne more disadvantage % they don4t accept credit card deposits, they only accept wire transfers and checks, at least at the time I am doing this review. I heard they plan to accept credit cards and 7ay7al in the future. Iamfx does not make huge promotional campaigns spamming all the forums and blogs. They are growing by providing good service and I believe that @word of mouth@ is the best way for promotion for the @right company@. Iamfx is good if you trade robots like fapturbo, megadroid, robominer, forexbling, shocker, cyclone, etc. which re2uire low spreads to be profitable. 5ne more note % their currency pairs have prefix @ifx@ and @iam@ which means if you want to back test any robot, you need to manually download the history data somewhere and then place it to @History@ folder in Iamfx folder and then manually rename the files. #ou can also download data from Iamfx site. Eow here is the good part % Iamfx offers free J7& for all its clients with live deposits no matter how large your deposit is. Their J7& is not a lagging windows server but a web based panel that can be accessed from any 5& simply via the browser" The bottom line is that the Iamfx.com service is really good and it is currently the broker of choice for the TC trading.

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

I-st#lli-g Met#tr#'er

etatrader platform is a free software that is provided by the broker so you can trade forex. Installing etatrader is really easy" I won4t take ;+ pages of my ebook posting the screen shots on how to install etatrader. 3ven a baby can do it. &imply go to httpsGFFwww.iamfx.comFfreedemo.php and sign up for the free demo account with the broker. Then follow the steps. Eote that etatrader works only under -indows 5& 867, Jista, -indows K, etc.9. If you are a 0= or !IE<6 user you will need a J7& 8virtual private server9 to access etatrader. Eormally you have to pay LM:.:)Fmonth for the J7&. The good news is that Iamfx will give you a free J7&. Iamfx J7& is browser based so it can be accessed from any browser like I3, $irefox, &afari or =hrome and from any 5&. -hen you have installed the account. =hoose leverage *G*++. etatrader, you will be offered to open a demo

'emember that forex does not work during the weekends" #ou are all set. Eow you are ready to trade forex"

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

!H+ EO 3E FAI3 O( FORE9%

It4s not a secret that :+, of newbies fail and lose their money. How do you not join the army of poor losersD #ou must start with a weapon of knowledge" The leverage is the killer of your deposit" Eo matter what the forex brokers tell you, don4t ever open a Astandard accountB with just L*,+++ or a Amini accountB with L*)+. The number one reason new traders fail is not because they suck, but because they are undercapitali1ed from the start and don4t understand how leverage really works. $or example, in forex you can control L*++,+++ with a L*,+++ deposit. #our leverage, which is expressed in ratios, is now *++G*. #ou4re now controlling L*++,+++ with L*,+++. &o the number one rule is don4t underestimate leverage" Beware of the risk of forex trading" l#, o-l, $ith .o-e, ,ou c#- #""or' to lose: !ike any other business, forex should be taken seriously. It involves lots of patience, skill and a good strategy. 7eople who are impatient fail miserably and lose a lot of money. #ou might face losses but you need to have the capability to get back up and get profitable trades because profits and losses are a part of the forex trade. Try to educate yourself with every loss and make sure that you understand why things would not go according to your plans. 3very person who enters forex would definitely need experience before they can expect any sort of huge profits. 0s long as you are impatient, you would falter and get discouraged in the field of forex trading. &o, patience will definitely be one of the most important characteristics that you need to have. #ou should also be able to possess money management skills.

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

FOREX UGLY TRUTH REVEALED


It4s not your fault if you already lost money on forex. The truth is that a high majority, over :+, of people, lose money in the first month. But you know whatD #our money does not disappear. 0ll the hard earned money that you lose on forex just goes into the pockets of rich guys that know something that you don4t even think about. The forex industry top guys want to keep this information from you. They are trying their best to prevent transferring money from people like AthemB to people like AusB. That4s why the Internet is overfilled with crappy courses and systems that never work. 0nd I will give you real examples in just a minute"

E7er,&o', i- the "orex i-'ustr, is tr,i-g to suck .o-e, "ro. ,ou: &elf proclaimed forex gurus sell you expensive courses filling your head with useless mathematic crap that will never help you. #ou pay thousands to learn about $ibonacci ratios and 3lliot -aves and still have no idea how to use them. 0nd the more you learn the more frustrated you become" -hile you spend sleepless nights trying to find proper graph patterns, study hundreds of indicators and theories, AtheyB simply earn money. They don4t even have to trade themselves anymore because you fill their pockets with money anyway" !ets take forex brokers for example.. They claim they earn money on AcommissionB but in reality they are earning money on your losses" Sur/rise'% (id you know that most of them use special software for simulating forex trading inside the broker4s dealing server without actually moving your money to real world forex trading" (id you know that this special software is gathering the information about the levels where the clients4 massive stop loss limits are located and randomly send spikes to hit such levels forcing all of you to lose money overnight" Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

A-' there is .ore:: (id you know that if you try to make consistent and huge profits, brokers most likely will terminate your account saying that they are not interesting in doing business with you anymore"

(id you know that they post fake analytics and forecasts on their websites written by their own hired authors pushing you make wrong decisionsD &hockedD If they are not telling you this, what else are they hiding from youD The forex industry wants to keep this information from us. It4s obvious they are getting rich off you and me. But /eo/le like ,ou #-' .e 'eser7e this i-"or.#tio-. 0fter all, if we know their secrets, we don4t need to give them our money" That4s why 'yan and I created our independent forex review service and $orex &ecrets videos. I am not sure how long our website will stay online because I heard they are very angry about it and are going to ban our website pretty soon. That4s why I urge you to ;oi- you our private group of fellow forex traders right now until it is too late. There is not hidden catch here. 3verything that I am going to tell you will cost you nothing, free, 1ip, 1ero"" yep, you heard correctly, nothing"

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

HOW TO AVOID FOREX SCAMS?


#ou know for over *+ years, I have been trading forex and have seen nearly all trading systems available on the market. 0nd you know whatD To my surprise, I have discovered that most of the forex systems are just mere get%rich &=0 &, promising high profits with no proof and fake reports" 0nd instead of getting rich overnight you are getting a lot of hassles, wasting money and time. But the good news is there are still a number of legit and great performing systems that you can pick up for your trading. 0nd you know me" I cant let scam artists drain money from your pockets" &o today I decided to educate you on how to understand if the forex system is a scam or a real deal. &o, how do you make a proper due diligence investigation and find out if we are dealing with scam artists or if we found a really great systemD Today we4ll start with an investigation of the vendor4s website and look for any scam signs on it. The website will tell us a lot. Here #re the co..o- <re' "l#gs= th#t $oul' /oi-t to ,ou > this is # /ote-ti#l sc#.? U-re#listic cl#i.s #-' /ro.ises. AWith our system youll make 1,000,000 In a month? 100 grand in a weekB N hehe. &uch claims can be found everywhere and are a good sign it4s a scam. Take a look on this website. I would not tell you the link but I think most of you will recogni1e the AheroB.

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

How do you like that @80@@@0@@@ /i/s l#st ,e#r@ D That is C million divided by ;)+ trading days O *M,+++ pips per day. *M,+++ pips divided by *P traded pairs O near :++ pips per day, per pair """ -hat an inspiration to all of us under%achievers. >%9 3very newbie knows that such returns could not be obtained on forex market. F#ke st#te.e-ts #-' re/orts. <sually scammers use 7hotoshop to make their trading statements look the way they want. &o don4t trust the trading statements provided like screen shots or images. They could easily be faked" The real statement can be provided as a HT ! report or access to the broker trading account where the statement was obtained. &o you can verify it. 0lso I recommend using the MT8St#ts.co. free service for publishing the statements. Also 'o-*t trust so.e "#ke </roo"= i.#ges. Here is an example I found on one of the scam systems websites. The vendor claimsG ASoftware has been attested and the results were verified by an attorney at lawB. 5k goodQ but now lets take a closer look at this document.. here it is. (oesn.t it look like fake stuff to youD -ould the real serious attorney at law write @I am very glad I tried it@ or @I highly recommend it@DD -ell..I doubt, guys.

Shocke'% !ell.. there is .ore:

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

So c#lle' <&l#ck &ox= #//ro#ch. &uch scammers will sell you a total black box system that is Aso complicated, advanced and profound 8blah blah blah9 that there is no way to back test itB % but no back test O no proof"" #ou know what I meanD

This black box approach can be found on scam vendors websites in ; possible waysG S,ste. is /ro7i'e' i- Tr#'i-g Sig-#ls that are issued every day by the vendor. This is also one of the examples of the outdated approach that some scammers use.. Eo human will sit at their monitor ;CF) waiting for the signals that never come in time. 0nd when you miss the signal the scam artist will tell you that you failed to achieve good results because you missed a very important signal" 0nd how are these signals generatedD -e never know. -e cant track performance. 0gain, total black box O possible scam. A-' here is .ore? 5ne more example of the black box approachG S,ste. is /ro7i'e' i- # $#, o" tr#'i-g i-'ic#tors. If you don4t know, the trading indicator is a script that you apply to the chart that generates trading alerts when there is proper market situation. But again, would you sit around the clock waiting for these signal alerts to appearD Eo one on earth will do that because it is impossible. They can come out when you are asleep or go for a walk with your dog or take a shower. 0nd imagine what happens if you miss the signal to close your open tradeD" #ou lose your money again and again" -ill you sustain itD I4d guess E5" The proper way to use indicators is to automate them" To build a robot that places trades on the indicators alerts for you" That will trade ;CF) even when you are away" 0nd how do you like thatD S,ste. is /ro7i'e' i- the $#, o" ex/ert #'7isor th#t is co--ecte' to the re.ote 7e-'or*s ser7er to recei7e tr#'i-g sig-#ls "ro. it. That is the clear sign of a scam. -hyD I will explain. $irst of all, you can4t back test such a system for the obvious Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

reasonG the trading rules are on the vendor4s server, not inside the robot. &econd, how could you trust the system that relies on the connection to the vendorD -hat if his server goes down or messes the signalsD The whole trading will be messed up and you lose your money 0I0IE"

Do ,ou see $h#t I .e#-% &uch black box approach is used to fool you and most of my fellow traders" (on4t get caught by these scammer tactics and watch out" &o be careful guys and always check my short independent forex reviews before ordering any services" There are some good systems out there that can make you realistic returns but you must be clever enough to find them among the tons of scam services" If you have your own experience dealing with forex scam artists, please share them with me"

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

Do I need VPS?

!h#t is 2 S #-' ho$ to cook it % $orex robots need to be trading ;C hours a day, ) days a week using your computer resources. If the robot experiences any interruptions during trading hours, this may result in missed trading opportunities or the loss of money. If you are unable to properly log on to your computer, this may also affect the trading platforms and the robot. $or example, maintenance of your computer or new installations may have to be completed during non%trading days which can present a problem. #ou may also be afraid that other people will use your computer 8i.e. your kids9 and they might accidentally close the platform or even worse, make a wrong manual trade that will cause you dramatic losses. -hat if there is a power shortage and your system is accidentally restartedD If you don.t have a J7& setup, you can lose a lot of money. So.. Is there # solutio-% +ES: #3&" It is called a Jirtual 7rivate &erver 8J7&9. ore than likely, you have heard about forex trading J7& from various forums and advertisements. In case you don.t know, a J7& is a network of computers that are owned by a company that speciali1e in providing access to their computers for a monthly service fee, through the Internet. These computers are maintained by experts who keep them updated with the latest security firewall and virus protection. They are working most of the week apart from hours of scheduled maintenance 8and of course unscheduled, should any problem arise9. #ou have the ability to access these computers remotely 8which is called terminal%operation9.

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

2 S ser7ices #re co..o-l, 'i7i'e' i-to 6 grou/s? 4. Tr#'itio-#l 2 S &#se' o- $i-'o$s ser7er 5@@6. #ou get only a raw server and have to install everything yourself here. #ou get access by remote desktop tool. #ou have to upload, update, activate your robots yourself, install metatraders, configure the firewall and all these hassles.. However, such services are rather cheap and you can install several metatraders on one J7&. 0 perfect solution for computer professionals like me. 3xamplesG swvps.com and forexvps.com 5. re-i-st#lle' Met#tr#'er Forex 2 S. 3xamplesG e1forexhost.com and forexhoster.com &uch services are more expensive, however more user friendly and were developed especially for forex traders. They are easier to setup but you must do everything yourself from uploading 30s to updating the settings. #ou get access by a connector tool and get pre%installed metatrader" 0 good solution for forex traders if you have some basic computer skills. 6. !e& B#se' 2 S. 3xampleG Iamfx.com J7&. This is the perfect solution for forex newbies because they offer a @set and forget@ approach. #ou get full support and pre%installed metatrader. #ou don4t need to setup the server or install anything. ?ust upload your robots or use pre%installed robots. The main advantage is that the web based Iamfx.com J7& can be accessed from all 5& 8-indows, !inux, 0=9 because it works in your web browser. 7lus it is free.

So the .#i- Auestio- is? Do I use ho.e C or 2 S% The answer is simpleG #3&"" 5f course I use 0E( HIIH!# '3=5 3E( #5< <&3 J7& services and not only one, I have ;* trading servers right now from different companies. 'emember, diversification is the key. (on.t trust your trading for a home computer that can be easily messed up by the family and kids, always order secure J7&" 'ead my independent reviews and I hope they will help you find a perfect J7& solution.

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

M, Tr#'i-g Str#teg, Re7e#le'


5k. Here is the best part of the ebook. Today I will describe a simple but very powerful strategy that I use in my trading. ake sure you have a paper to make some notes and feel free to send me an email if did not understand the idea. 5k. here we go" -hat you need is a Bollinger Bands indicator which is a part of every metatrader. any trades underestimate the power of this simple indicator invented by ?ohn Bollinger in the *:P+s

!ets apply this indicator to the period of *+.

*) 8*) minutes9 IB7<&( 8pound%<&(9 chart with a

The <pper band is a 'esistance and the !ower Band is a &upport. If you pay attention to the chart you will see that most of the time the price hits the upper band and then it retraces back to !ower Band, so how I trade is very easy % I wait till the price touches let4s say the lower band and closes above it 8not under it9 and wait till the candle is Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

formed, when it finishes and the next candle opens under the previous !ower band then I enter a !ong trade. A-' here is the trick that most people don4t use and that4s why they fail to use the Bollinger Bands indicator successfully. They don4t know when to close the trade and therefore wait till the price reaches <pper Band which in most cases does not happen.

!ets apply oving average indicator with a period of *C. It is shown in 'ed on my chart. Here is the trick to close the trades properly. -ait till the price reaches oving average line 8not the upper band9 and close your trade" That4s it. Jery easy" The strategy works good on such currencies as 3uro%<&(, <&(%=anadian dollar, 3uro% Ireat Britain pound, <&(%?apan yen. The strategy is sensitive to the spread so make sure you trade on broker which give raw spread like Iamfx.com. #ou can use Take 7rofit O H+ and &top !oss of *H+. The strategy is very simple and it always works. Take a look at my trades that I show hereG

7lenty of trades and all closed in profit"" ?ust make sure you don4t trade around economic news that have a great impact on the market and you will be safe" Tr, it #-' ,ou $ill lo7e it:

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

2IDEO. =heck out my video about this strategy here. -ellQ This is not just a nice theory. Here is my real trading history based on this strategy. Broker Iamfx.com icro 0ccount

Contin$ed next page%

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

&s yo$ can see ' trade s$ch pairs as ()*+S,, -+"()*, +S,C&,, +S,.*/. ' $se di00erent settings 0or each pair. WORKS LIKE CHARM! *ro0its are #ery consistent and 1osses are #ery 1i!ited beca$se ' hit SL #ery rare1y and nor!a11y 1i!it the 1osses by the trick with Mo#ing a#erage that ' described2

I dont s ! t" t I t# de O$LY %s&n' t"&s st# te'! (%t &t &s one o) t"e (est s&*+,e st# te'&es t" ts +#o-en to (e #e ,,! 'ood! And !o% . n st #t %s&n' &t no/! Re*e*(e# to st #t on De*o! Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

MARK LARSE$ SECRET FORMULA


-#eryone asked !e to share !y secrets abo$t the back tests and opti!izations that !ake !y strategies so power0$12 3kay okay...2 4ake so!ething to !ake records and 1ets gets started22 First things 0irst. 5ere is one !ore good idea to consider. '0 yo$ per0or! an opti!ization o0 rea1 trading strategy, yo$ can !ake yo$rse10 a #icti! o0 yo$r own opti!ization 22 ' !ean yo$ wi11 create settings that work on history b$t 0ai1 in 0orward test2

4he tr$th is yo$ can opti!ize e#ery strategy on a de0ined period o0 ti!e so it wi11 per0or! great with good pro0its. 5owe#er, when yo$ r$n rea1 trading it starts to 1ose !oney. 4hat is a co!!on !istake o0 newbie traders. 'nstead o0 opti!izations, yo$ 1ie to yo$rse10 6 yo$ si!p1y teach yo$r strategy to 0o11ow the history2 So yo$ get settings that work 37L/ on the past price data2 ' !ean yo$ get settings that show how yo$r syste! C3+L, per0or! i0 yo$ ran it -8&C4L/ d$ring the speci0ied period in the past22 0%t t"e + st &s GO$E!! 7ew !arket conditions co!e and yo$r syste! beco!es he1p1ess and t$rns into a 1oser2 4o a#oid this !istake, 1earn !y specia1 secret2 ' ca11ed it 9M #12s TRADI$G LAW o) 3459. So$nds pretty coo1, ha: ;< 'n 0act it is pretty si!p1y. Let=s say today is .an$ary 1, 200>. ?yo$ wi11 $nderstand 1ater why '=! $sing s$ch o1d date, not the c$rrent date< First choose the ti!e period yo$ want to opti!ize. For exa!p1e 0ro! 200@ 200>. $o/ t"e t#&.1! 'nstead o0 r$nning the opti!ization on 0$11 year, di#ide the year into @ parts and r$n yo$r

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

opti!ization on1y on the 0irst A parts2 ' ca11 it the 9Learning Bone9. So in o$r case, it is .an$ary 1st 200> to Septe!ber 1st 200>.

4he exc1$ded @th part wi11 be 9in#isib1e9 to o$r opti!ization and ' a! ca11ing it 94esting Bone9. 7ow r$n yo$r opti!ization on the Learning Bone, choose the best res$1ts and then test the! on the 4esting Bone. /o$ wi11 be a!azed that !ost o0 the settings that drew a per0ect pro0it ba1ance 1ine d$ring the 9Learning Bone9 0ai1 on the 4esting Bone22 4hat !eans s$ch settings are the se10 1ie, they work on1y on history b$t wi11 ne#er work in rea1 trading.

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

5owe#er i0 yo$ are 1$cky and yo$r settings contin$e to per0or! good d$ring the 4esting Bone then yo$ 0o$nd yo$r 5o1y grai12 S$ch settings can be r$n on 1i#e acco$nt witho$t needing to de!o test the! and waste ti!e 0or weeks2

4hey wi11 be re1iab1e 0or the next 0ew weeks or !onths. 4hen yo$ !$st opti!ize again2 "e!e!ber no strategy can per0or! the sa!e good 1ong ter! as the !arket a1ways changes2
30 co$rse yo$

can app1y 9MarkCs 4"&,'7( L&D o0 AE@9 on shorter opti!ization too. For exa!p1e take @ !onths or weeks back, 0irst A wi11 be the Learning Bone, the 1ast one is 4esting Bone.

' hope !y techniF$e wi11 he1p yo$ !ake proper opti!izations and great pro0its on 0orex2 Stay with !e and yo$ wi11 1earn !$ch !ore good st$002 Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

FOLLOW ME
&nd don=t 0orget to 0o11ow !e on 4witter and Facebook and check o$t !y 1atest 0orex syste!s re#iews2 http;EEtwitter.co!E0orex!ark http;EEwww.0acebook.co!Epeop1eEMark LarsenE100000@100GHI0H Forex Syste!s J "obots "e#iews; http;EE0orex syste!s re#iews.co!E http;EE0orex tester.co!E

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5a#e a great trading2 4ake care2 Mark Larsen Your forex trading dude

Copyrights Mark Larsen, 2010 www. Secrets.bz and Forex Syste!s "e#iews.co!

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