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The Day Trade Forex System:
The ULTIMATE Step-By-Step Guide to Online
Currency Trading
“How You Can Earn $50 to $500 A Day Currency Trading
From The Comfort of Your Own Home!”
By Erol Bortucene and Cynthia Macy
RISKS DISCLAIMER
Erol Bortucene/Cynthia Macy, Owners of DayTradeForex.com and any of their affiliates, will not be held responsible for
the reliability or accuracy of the information available in this document. The content provided is put forward in good
faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or guarantees
that the readers of this course will make profits trading Currencies. The reader agrees not to hold Erol Bortucene
or Cynthia Macy, or any of its affiliates, liable for decisions that are based on information from The Day Trade
Forex System.
Margined Currency Trading is an extremely risky form of investment and is only suitable for individuals and institutions
capable of handling the potential losses it entails. The funds in an account that is trading at maximum leverage may be
completely lost if the position(s) held in the account experiences one percent swing in value. Given the possibility of
losing one's entire investment, speculation in the foreign exchange market should only be conducted with risk capital
funds that, if lost, will not significantly affect the investor’s financial well-being. There is no guarantee that readers of this
document or our websites will make money. Readers use the information and links entirely at their own risk. Erol
Bortucene/Cynthia Macy owners of DayTradeForex.com do not accept any liability in respect of any loss or damage
arising from or in connection with any use of the information on or accessed through this document or our company
websites. All intellectual property rights in this report remain the property of DayTradeForex.com
© 2002, 2003 Copyright DayTradeForex.com
© 2003 Copyright DayTradeForex.com
All Rights Reserved. No Part of this publication may be reproduced or transmitted in any form or by any means,
electronic, mechanical, recording or otherwise without the prior permission of DayTradeForex.com
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The Day Trade Forex System:
The ULTIMATE Step-By-Step Guide to Online
Currency Trading
“How You Can Earn $50 to $500 A Day Currency Trading
From The Comfort of Your Own Home!”
Did you know that more and more business opportunity seekers worldwide are
discovering the powerful profit potential of Foreign Exchange trading? In this
business, there are no employees to hire, no advertising, no products to stock,
no downlines to fill--just you, an Internet connection and a computer. That's all
you need to make money on the worlds largest market. If you are searching for
an alternative to more traditional home-based business opportunities, then Forex
trading may be what you’ve been looking for.
Our purpose is to empower, mentor and train currency traders all around the
world who would like to Day Trade Forex as their main source of income. For
those looking for a significant part-time income, we believe Currency Trading is
the vehicle to use. Our aim is to assist you to:
1. Stay Disciplined —To learn how to manage risk effectively.
2. Keep Objective —To trade in a non-emotional, intelligent way.
3. Trade with Confidence —To know exactly when to trade.
4. Become Systematic —To generate your own Forex buy/sell signals.
The goal is to earn $50 to $500 per trade and minimize losses on losing trades
using technical indicators on charts, which I will explain later on in this course.
The potential to profit is there for those who trade this system. The great thing
about Forex trading is that you can test this system for FREE on a demo account
using virtual money, before you risk one penny on actual trades.
You will be able to join my team of traders as you advance step-by-step through
this guide. We will begin by explaining what Forex is and all the benefits of
trading currencies
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WHAT IS FOREX
The Foreign Exchange, also referred to as the "Forex" or "Spot FX" market, is
the largest financial market in the world, with over $1.2 trillion changing hands
every single day. If you compare that to the $25 billion a day volume that the
New York Stock Exchange trades, you see how giant the Foreign Exchange
really is. In fact it is three times larger than all of the US Equity and Treasury
markets combined!
What is traded on the Foreign Exchange? The answer is money. Forex trading
is where the currency of one nation is traded for that of another. Therefore,
Forex trading is always traded in pairs. The most commonly traded currency
pairs are traded against the US Dollar (USD). They are called ‘the Majors'. The
major currency pairs are the Euro Dollar (EUR/USD); the British Pound
(GBP/USD); the Japanese Yen (USD/JPY); and the Swiss Franc (USD/CHF).
The notable ‘commodity’ currency pairs that trade are the Canadian Dollar
(USD/CAD) and the Australian Dollar AUD/USD. Because there is not a central
exchange for the Forex market, these pairs and their crosses are traded over the
telephone and online through a global network of banks, multinational
corporations, importers and exporters, brokers and currency traders.
Traditionally, currency trading has been a 'professionals only' market available
exclusively to banks and large institutions, however, because of the rise of the
new E-economy, online Forex trading firms are now able to offer trading
accounts to 'retail' traders like you and I. Now almost anyone with a computer
and an Internet connection can trade currencies just like the world's largest
banks do. There are now over 6 million trading accounts worldwide up from 1.7
million in 1997.
BENEFITS OF FOREX TRADING
There are many benefits and advantages to trading Forex. Here are just a few
reasons why so many people are choosing this market as a business
opportunity:
1.LEVERAGE: In Forex trading, a small margin deposit can control a much
larger total contract value. Leverage gives the trader the ability to make
extraordinary profits and at the same time keep risk capital to a minimum. Some
Forex firms offer 200 to 1 leverage, which means that a $50 dollar margin
deposit would enable a trader to buy or sell $10,000 worth of currencies.
Similarly, with $500 dollars, one could trade with $100,000 dollars and so on.
2.LIQUIDITY: Because the Forex Market is so large, it is also extremely liquid.
This means that with a click of a mouse you can instantaneously buy and sell at
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will. You are never 'stuck' in a trade. You can even set the online trading
platform to automatically close your position at your desired profit level (limit
order), and/or close a trade if a trade is going against you (stop order).
3.PROFIT IN BOTH 'RISING' AND 'FALLING' MARKETS: On the stock
markets, you can only make money if shares are rising, but in economic
recession and falling 'bear' markets, there is little chance of making big money.
Forex is different. One of the most exciting advantages of FX trading is the ability
to generate profits whether a currency pair is 'up' or 'down'. A trader can profit
by taking a 'long' position, (buying the currency pair at one price and selling it
later at a higher price), or a 'short' position, (selling the currency pair and buying
it back at a lower price). For example, if you think the US dollar will increase in
value vs. the Japanese Yen then you will buy Dollars and sell Yen (go long). If
you think the Yen will increase in value against the Dollar then you will sell
Dollars and buy yen (go short). As long as the trader picks the right direction, a
potential for profit always exists.
4. 24HRS: From Sunday evening to Friday Afternoon EST the Forex market
never sleeps. This is very desirable for those who want to trade on a part-time
basis, because you can choose when you want to trade--morning, noon or night.
5. FREE 'DEMO' ACCOUNTS, NEWS, CHARTS AND ANALYSIS: Most Online
Forex firms offer free 'Demo' accounts to practice trading, along with breaking
Forex news and charting services. These are very valuable resources for traders
who would like to hone their trading skills with 'virtual' money before opening a
live trading account.
6.'MINI' TRADING: One might think that getting started as a currency trader
would cost a lot of money. The fact is, it doesn't. Online Forex Firms now offer
'mini' trading accounts with a minimum account deposit of only $200-$500 with
no commission trading. This makes Forex much more accessible to the average
individual, without large, start-up capital.
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