Why Trade Forex?

Here are some advantages of trading Forex:

Liquidity.

Forex is the most liquid financial market in the world with nearly 2 trillion dollars traded everyday.

This ensures price stability so you can always open & close transactions & makes the Forex Market hard to manipulate.

24hr Market. The market opens on Sunday at 3:00 pm EST when New Zealand begins operations, and closes on Friday at 5:00 pm EST when San Francisco terminates operations. There are transactions in practically every time zone, allowing active traders to choose at what time to trade.

Leverage trading. Trading the Forex Market offers a greater buying power than many other markets. Some Forex brokers offer leverage up to 400:1, allowing traders to have only 0.25% in margin of the total investment. For instance, a trader using 100:1 means that to have a US$100,000 position, only US$1,000 are needed on margin to be able to open that position.

Low Transaction costs. Almost all brokers offer commission free trading. The only cost traders incur in any transaction is the spread (difference between the buy and sell price of each currency pair). This spread could be as low as 1 pip (the minimum increment in any currency pair) in some pairs.

Low minimum investment. The Forex market requires less capital to start trading than any other markets. The initial investment could go as low as $300 USD, depending on leverage offered by the broker.

Specialized trading. The liquidity of forex allows us to focus on just a few instruments (or currency pairs) as our main investments (85% of all trading transactions are made on the seven major currencies). So we know each currency better.

Trade from anywhere. You can trade from anywhere in the world all you need is a PC & an internet connection.

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Russell Sands Forex Trading System

I Have the utmost respect for Russell Sands - he trades what he teaches" Larry Williams

Russell is now proud to announce the release of his newest product, the Turtle Forex System!

We are very excited about this new Forex System,

and if it even comes close to the success of Russells Turtle Trading System for the Futures markets, and his Balanced Trader for the Stock Indexes then we can expect great results.

This system is specifically designed to trade the exciting Forex markets. Russell has taken the best of both his hugely succesful trading systems and tailored them specifically for trading the FX markets! And with the skills of a financial programmer he has developed the code to run this system in TradeStation.

Most trend following systems have some kinds of rules telling you how to cut your losses and let your profits run.

The Turtle Forex method is way more sophisticated than most others, as the computer program actually has two different sets of money management rules.

The first group of rules is related to position size in terms of portfolio theory and market volatility, and tells you how aggressively to load up on each new signal that comes along in order to make the most amount of raw profit with the highest degree of efficiency on any given trade.

The second, and totally independent set of money management criteria, are derived from established risk of ruin tables and statistical probability theory, and are designed to keep you in the trading game for as long as it takes to get into the mathematical “long run”, regardless of how choppy the markets might be in any short term period.

The bottom line is that even when the markets are giving out false signals and there are no trends of which to take advantage, the money management systems used are good enough at controlling the losses and keeping you in the game until the point that as soon as one big trend does comes along, (and one always will if you have enough patience and discipline and capital), it can pull you right out of the hole and get back to the profitable side of the ledger.

We are going to trade the U.S. Dollar against the British Pound, Swiss Franc, Eurocurrency, Japanese Yen, and New Zealand Dollar. Below is the historical backtesting for this portfolio trading one contract per trade in the 5 markets we will be following. Of course historical testing does not in any way guarantee any future results in actual trading, but it is a good indicator of what we expect in the future.

Forex Trading Profits

[CFTC Rule 4.41 Note: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors such as lack of liquidity. Simulated trading programs are, in general, also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Do not risk any money you cannot afford to lose.]

We are very excited about this new Forex System, and if it even comes close to the success of Russell's Turtle Trading System for the Futures markets, and his Balanced Trader for the Stock Indexes then we can expect great results.

Email us for the current results - just click here and ask for Forex Results more>>

With this Package YOU WILL GET:

  • The Full NEW Turtle Trading Forex System: Value $5,000
  • Trading Manual with 160 plus pages teaching you everything you need: Value $1,000
  • 1 Years Membership of the Turtle Talk Forex e-Hotline: Value US$4,000
  • Turtle Forex Software for your computer: Value $1,000
  • Russell Sands 5 Star Guarantee: Value PriceLess
  • Russell Sands personal email & phone number for support: Value Priceless

    Plus! when you order now Get These Bonuses:
  • Full 12 Month Money Back Guarantee when using Auto Executing Broker Option

If you want more information about the System, historical performance, or if you want to sign up for the release, please email Turtle Trading? or call us at 1.800.783.1680

Or Click here now to order directly from our website >>

The Foreign Exchange Markets

The Foreign Exchange Market is the largest financial market in the world. With daily volumes approaching $2 trillion, it’s now more than three times the total of stocks and futures markets combined. In 1978, seven years after the ‘Gold Standard’ was abandoned, the value of world currencies was allowed to ‘fluctuate’ according to supply and demand. Thus, the Forex Trading Market was born.
 
For the next 17 years, Forex Trading was only available to banks and multinational institutions. But in 1995, thanks to the availability of computers and the newly popular internet, this highly profitable market became available to everyone. Now, this huge international market offers unmatched potential for profitable trading in any market condition or in any stage of the business cycle.

Foreign Exchange is the simultaneous buying of one currency and the selling of another. Thus, these currencies are executed in ‘pairs’. The price of each currency in the pair is constantly fluctuating relative to all other world currencies.
 
For example, if the British Pound is stronger than the Japanese Yen, the British Pound – Japanese Yen pair will go up in price. Similarly, if the Yen suddenly becomes stronger, the price of the pair will go down. The Foreign Currency Exchange (FOREX) was established to allow traders and investors to participate in the gain or loss in world currencies. As these changes occur, they’re measured in terms of one currency vs. another.

Currencies are what bind the world together. If you decide to take a vacation to a foreign country and you convert US Dollars into ‘their’ currency, you’ve entered into a FOREX trade.
 
Although it may not be your intention to profit or lose from this transaction, the value of the trade will fluctuate until your vacation is over and you convert your remaining funds back into US Dollars.

World currencies have a tendency to trend. In other words, if the U.S. monetary policy causes less demand for the US Dollar, other currencies will become more valuable as the dollar declines. Similarly, if conditions in the Far East cause instability in the Japanese economy resulting in less demand for the Japanese Yen, other currencies will become more valuable as the Yen declines. In most cases, changes to a government’s monetary policy occur rather infrequently. Also slow to change are other economic conditions such as interest rates, imports and exports, etc. As a result, steady price declines can last for months, if not years.

Unlike some financial markets, the Foreign Exchange Market has no single location. In other words, trading is not conducted in a trading pit as with many other markets. Instead, trading is done by telephone and computer links between dealers in various locations and on different continents. London is the largest foreign exchange center followed by the U.S., Japan, Singapore, Hong Kong, Germany, Switzerland, and France. Because London is centrally located between the U.S. and Japan, British traders can easily transact business with traders from both countries during a normal London business day. This is not the case, however, for trading between the U.S. and Japan (or Singapore).

The constantly changing relative value of one currency against another currency continually creates trading opportunities which are accessible to virtually anyone, anywhere, anytime of the day or night. The Forex market is open 24 hours a day for 5 ½ days a week. Trading opens on Sunday evening at 5 PM Eastern time and closes on Friday at 4:30 PM Eastern time

Trade With A DISCIPLINED Plan

The problem with many traders is that they take shopping more seriously than trading. The average shopper would not spend $400 without serious research and examination of the product he is about to purchase, yet the average trader would make a trade that could easily cost him $400 based on little more than a “feeling” or “hunch.” Be sure that you have a plan in place BEFORE you start to trade. The plan must include stop and limit levels for the trade, as your analysis should encompass the expected downside as well as the expected upside.

Cut Your Losses Early and Let Your Profits Run

This simple concept is one of the most difficult to implement and is the cause of most traders demise. Most traders violate their predetermined plan and take their profits before reaching their profit target because they feel uncomfortable sitting on a profitable position. These same people will easily sit on losing positions, allowing the market to move against them for hundreds of points in hopes that the market will come back. In addition, traders who have had their stops hit a few times only to see the market go back in their favor once they are out, are quick to remove stops from their trading on the belief that this will always be the case. Stops are there to be hit, and to stop you from losing more then a predetermined amount! The mistaken belief is that every trade should be profitable. If you can get 3 out of 6 trades to be profitable then you are doing well. How then do you make money with only half of your trades being winners? You simply allow your profits on the winners to run and make sure that your losses are minimal.
Do Not Bet the Farm

Do not over trade.

One of the most common mistakes that traders make is leveraging their account too high by trading much larger sizes than their account should prudently trade. Leverage is a double-edged sword. Just because one lot (100,000 units) of currency only requires $1000 as a minimum margin deposit, it does not mean that a trader with $5000 in his account should be able to trade 5 lots. One lot is $100,000 and should be treated as a $100,000 investment and not the $1000 put up as margin. Most traders analyze the charts correctly and place sensible trades, yet they tend to over leverage themselves. As a consequence of this, they are often forced to exit a position at the wrong time. A good rule of thumb is to trade with 1-10 leverage or never use more than 10% of your account at any given time. Trading currencies is not easy (if it were, everyone would be a millionaire!).