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Guia de estratégias de Forex para comerciantes de dia e swing.
Faça o download do eBook do Guia Estratégico Forex 2.0. Mais de 300 páginas de noções básicas de Forex e 20 + estratégias de Forex para conquistar o mercado Forex de 24 horas por dia.
O Guia de Estratégias Forex para o Dia e o Swing Traders 2.0 eBook.
Por Cory Mitchell, CMT.
Este eBook é escrito por mim, Cory Mitchell, um técnico Chartered Market, membro da Associação de Técnicos do Mercado, Sociedade Canadense de Analistas Técnicos e Federação Internacional de Analistas Técnicos. Eu sou um trader desde 2005.
Trabalhei durante sete anos como trader proprietário de uma empresa de trading, fazendo um dos trabalhos mais difíceis do planeta (e também o mais divertido) - extraindo lucro todos os meses; se eu não tivesse lucro, eu não seria pago. Não houve salário, tudo dependia do desempenho. Estas são estratégias forex forjadas por dedicação implacável à negociação, e dezenas de milhares de horários comerciais e negócios. Em 2011, mudei meu foco para negociar de forma independente e ajudar os outros compartilhando o que aprendi. Eu freelance para, e foram examinados por, alguns dos maiores sites financeiros do mundo, incluindo TheBalance e Investopedia, entre muitos outros.
Minha missão ao escrever este guia de estratégias de forex é fornecer a você estratégias e informações de negociação suficientes para que seja o único eBook de estratégias de forex que você precisa para começar. Veja como isso é feito:
Você provavelmente já pesquisou estratégias ou leu livros de estratégia antes e "não ajudou sua negociação!" Estou certo? Isso porque você está perdendo uma das chaves, e os livros e sites raramente, ou nunca, discutem isso. É uma abordagem passo-a-passo sobre como implementar as estratégias e treinar sua mente para utilizá-las efetivamente. Utilizar e ficar com (que é a parte mais difícil) este método de 5 etapas e sucesso é uma inevitabilidade, não apenas uma possibilidade. Sem essa chave faltante, você poderia ler o livro de estratégia após o livro de estratégia e ainda assim não ser lucrativo. Ao ler o livro, você entenderá que uma estratégia é apenas parte do quebra-cabeça; Você também precisa saber quando implementar uma estratégia e quando ela precisa ser ajustada ou evitada. Vários capítulos se concentram em ler a ação do preço para que você veja as mudanças no mercado à medida que ocorrem e pode filtrar as negociações que têm baixa probabilidade de sucesso. Noções básicas sobre Forex para que você entenda o mercado, incluindo os pares a serem negociados e a que horas do dia devemos negociar (se for swing trading ou day trading). Dou as principais estratégias que usei e aprendi na última década de negociações, inclusive por que elas funcionam e por que gosto delas. Este é o pacote completo: como começar, o que focar, como construir seu plano de negociação, como praticar e & # 8220; ver & # 8221; o mercado e, finalmente, como fazer a transição para a negociação ao vivo (somente quando estiver pronto, com base no plano de 5 etapas). É preciso desejo, disciplina e disposição para investir tempo e esforço. Se você tem US $ 500 ou mais, recomenda-se US $ 1.000, para depositar em uma conta de negociação, então você pode utilizar as táticas neste livro.
(Os links para download são enviados por e-mail imediatamente; se você não receber um e-mail nosso, verifique seu e-mail indesejado.)
Guia de Estratégias Forex, Detalhes do Resumo:
Mais de 300 páginas Um plano de cinco etapas que garante a implementação das estratégias de sua escolha de maneira lucrativa e consistente. Noções básicas de Forex para você começar: como funciona o mercado forex, quanto capital você precisa, quanto alavanca de usar, como ler e interpretar gráficos forex. Um plano de negociação preciso, que informa como compilar todas as informações do livro em um plano de ataque. 20 + estratégias de negociação forex. Como capitalizar as taxas de juros, gerando um terceiro fluxo de renda. Receba os pagamentos mais interessantes no seu bolso todos os dias às 17:00 ET. Aprenda a ler ações de preço como um profissional. Como controlar seu risco diário, além do risco comercial individual. Como gerenciar várias posições corretamente. Aprenda como detectar padrões repetidos nos gráficos e explorá-los de maneiras de baixo risco. Como antecipar o rumo do rompimento do padrão gráfico para potencialmente obter enormes retornos para um pequeno risco. Como capitalizar falsos fugas e colher retornos massivos. A maneira mais segura de trocar um breakout: cargas de confirmação, risco super pequeno e ainda assim obter todas as vantagens. Como determinar as mudanças de tendência em tempo real para que você possa identificar as inversões e as tendências do comércio. Combine tendências com poderosos candelabros para criar ótimas oportunidades de negociação. Estratégia de negociação de notícias. Estatísticas que você precisa saber sobre as moedas que você negocia. Estas estatísticas fornecem estratégias, bem como mantê-lo fora de negociações de baixa probabilidade. Estratégia aberta europeia que captura a maior parte da faixa de preço diária GBP / USD ou EUR / USD. Ajuda você a determinar que tipo de trader você deve ser: day trader, swing trader ou ambos. As estratégias de negociação forex cobrem o dia de negociação e swing trading. Aprenda a psicologia da negociação forex de sucesso. Como criar suas próprias estratégias de negociação forex. Obter uma lista de verificação que irá mantê-lo no caminho certo e focado enquanto você negocia. Muitas das estratégias podem ser utilizadas em outros mercados, como as ações ou o mercado futuro.
(Os links para download são enviados por e-mail imediatamente; se você não receber um e-mail nosso, verifique seu e-mail indesejado.)
Quanto você valoriza seu tempo? Sim, há muitas informações gratuitas disponíveis na internet, mas quanto tempo você está gastando tentando compilar essas informações em uma metodologia de negociação utilizável? Quanto tempo é gasto filtrando, bem, porcaria? Salve-se o estresse, o tempo e a confusão. Invista em você mesmo; Pegue o livro e leia-o de capa a capa. Por 49,95 dólares, tentei considerar todas as perguntas possíveis que você possa ter (e aquelas em que você não pensou, mas precisa saber), e as respondi em algum lugar do livro, poupando-lhe incontáveis horas de pesquisa.
Este eBook é 100% garantido:
Se você seguir as etapas e as diretrizes deste livro e não achar que é um trader melhor por causa disso, reembolsaremos 100% do preço da compra em 30 dias. * Eu não garanto lucros comerciais que caem em você, e colocando a prática necessária, mas eu acredito que as informações contidas neste livro irão melhorar muito suas chances de se tornar lucrativo. comerciante.
Divulgação de riscos: todas as opiniões expressas no eBook são minha opinião. As estratégias contidas neste eBook são subjetivas por natureza, o que significa que elas exigem prática e ajuste fino à medida que você progride e as condições do mercado mudam. Este eBook não deve ser visto como um conselho de investimento pessoal para você. Não conheço sua situação financeira pessoal, nem seus objetivos financeiros ou tolerância ao risco. Consulte o seu consultor financeiro antes de agir, pois minhas opiniões podem não se alinhar com seus objetivos de longo prazo ou tolerância ao risco. O comércio de Forex envolve um risco substancial de perda, e é possível perder mais fundos do que você depositou inicialmente com seu corretor. Para informações de risco adicionais sobre negociação, veja a página Legal Disclaimer.
(Os links para download são enviados por e-mail imediatamente; se você não receber um e-mail nosso, verifique seu e-mail indesejado.)
* O preço de compra é reembolsado, mas as taxas do PayPal podem ser aplicadas no final da transação. O reembolso deve ser solicitado no prazo de 30 dias após a compra e um email enviado para cory [vantagepointtrading] explicando por que você está insatisfeito, e se você seguiu as orientações como descrito (isso nos ajuda a ver o que precisa ser explicado com mais precisão, e onde os comerciantes estão tipicamente lutando).
Você tem um site ou conhece pessoas que possam estar interessadas em comprar este livro (facebook, twitter, etc)? Se fizer isso, encaminhe-os. Darei US $ 22 para cada livro que você vender.
107 pensamentos sobre & ldquo; Guia de Estratégias Forex para Comerciantes Dia e Swing & rdquo;
Oi, acabei de comprar o seu livro e não tenho certeza se fiz a coisa certa.
Eu ainda não li o livro, apenas passei por ele, mas a informação do seu site comparada ao livro é muito parecida.
Ainda mais, o livro da última vez foi atualizado em 2015, mas seu site é constantemente atualizado. O site tem links interativos e é fácil de navegar. Embora eu tenha comprado o livro, gostaria de saber se deveria ler o site. Eu tenho dois anos de experiência em Forex, então eu sei o que estou procurando.
Encontrarei no livro outra coisa, o que não é de graça em seu site ou a informação é a mesma e acabei de pagar para ter todos os artigos em ordem?
Obrigado, eu gosto de suas idéias.
Há muita informação gratuita no site. Eu quero que seja um recurso sólido - mesmo com o eBook. Mas são recursos diferentes destinados a coisas diferentes. Os artigos são como verificações pontuais para o seu comércio para obter pequenas dicas de insight. O eBook pretende fornecer uma metodologia do início ao fim de como visualizar e negociar o mercado (mais básico).
O eBook tem mais informações e é apresentado como um método completo para negociação. Artigos únicos no site não fornecem toda a abordagem completa que a leitura de todo o livro fornecerá.
O eBook inclui várias configurações e entradas de negociação, e há algumas que não estão incluídas no site.
Cada comerciante é diferente. Se você tem negociado de forma rentável por 2 anos (que é diferente de ter apenas experiência), então você pode apenas procurar por artigos específicos no site para a percepção específica que você está procurando. Por outro lado, se você tiver lutado com sua negociação ou estiver procurando por novos métodos, recomendo a leitura de todo o livro. Há muitos insights lá. Eu recomendo a leitura de todo o livro (sem skimming), aplicando o que diz, e fazendo uma avaliação do mesmo, então. E se não for para você, tudo bem também.
Poucas coisas primeiro:
Eu sou um trader novato (trabalhando apenas com trades de papel)
Eu prefiro negociar ações.
Eu estou decidindo entre o dia ou o swing trading, e é por isso que eu comprei o livro.
Eu verifiquei os comentários e notei que você (Corey) disse a alguém que este livro pode ser aplicado a todos os mercados (que foi o outro fator decisivo)
Eu absolutamente aprecio o trabalho que você está fazendo. Tenho estudado o mercado de ações desde setembro e, embora em dezembro me sentisse pronto para o comércio de papéis, ainda não tinha certeza de como criar uma estratégia e me atrapalhei até a semana passada. quando encontrei seu site. Isso ocorre após inúmeros vídeos do youtube, webinars de investimento e muitos webinars mais acirrados de traders experientes (youtube) que também oferecem educação e mentoria ao custo de milhares de dólares que simplesmente não tenho para esse fim. De qualquer forma, minha teoria ou pensamentos são; Se você já está ganhando milhões por ano, e o mercado de ações prospera essencialmente com os traders, então por que cobrar tanto quando o resultado final é um mercado mais líquido de qualquer maneira, continuando assim o seu sucesso? Honestamente, parece ganancioso para mim. Eu certamente aprecio 1 & # 8211; seu site, é tão informativo, mesmo sem comprar o ebook e 2 & # 8211; o custo do (s) seu (s) curso (s) e livros é exatamente o que eu quero pagar. Você não nos cega com recursos adicionais & amp; truques & amp; novamente, seu site já é tão informativo que sei que a compra do livro (e curso) valerá a pena.
Eu sou mais um aprendiz visual e absolutamente odeio o drone e assim por diante dos exemplos. Seus artigos são muito diretos e têm exemplos suficientes para você "ver & # 8221; o que está acontecendo. Eu gostaria de mencionar que você parece um pouco tendencioso em relação ao shorting e há alguns artigos com configurações de curto prazo, mas um pouco vago quando se trata de ir muito tempo # 8230; mesmo que, em um sentido geral, deva ser exatamente o oposto de curto-circuito, mas às vezes o ramble sobre altos de swing, baixos de swing, altos anteriores, baixos anteriores podem facilmente perder uma pessoa ao tentar espelhar shorting & # 8230; mas isso poderia ser apenas eu.
Eu notei & atualizei & amp; expandido 2014 2015 & # 8221 ;, não tenho certeza de quanto do mercado (se houver) mudou, então, para ter certeza, tudo está correto atualmente?
Além disso, como um corretor da bolsa, existem partes / capítulos do livro que não são universais para todos os mercados e podem ser ignorados?
Obrigado pelo feedback.
Sim, quase todos os conceitos de ação de preço no e-book podem ser aplicados a outros mercados. Consolidações, padrões, altos e baixos, velocidade e magnitude. Tudo isso é relevante em todos os mercados.
Eu não sou inclinado a curto. É possível que alguns dos artigos ou vídeos que você viu tenham mais exemplos de curto-circuito. Você está correto: uma configuração curta é o inverso de uma configuração longa. Tudo está apenas virado de cabeça para baixo. Que bom que você apontou que, embora eu tentarei garantir que os artigos tenham um equilíbrio de exemplos longos e curtos.
O eBook ainda é relevante. Não há muita mudança em termos dos conceitos discutidos.
Se você está interessado apenas em ações, você pode pular a maioria das seções introdutórias & # 8211; pares de moedas para focar, tamanhos de lote, valor de pip, horas de mercado forex, rolagem, correlação forex, alavancagem cambial, spread para pip potencial, escolhendo um corretor forex, melhor momento para swing e day trade. Mais tarde, em seguida, você pode pular o comércio Carry e estratégia europeia aberta.
estratégias neste livro podem ser aplicadas a direita do mercado de ações?
Sim, muitas das informações estratégicas podem ser aplicadas a todos os mercados.
Acabei de comprar o ebook, tenho uma pergunta. Essas estratégias também podem se aplicar ao mercado de ações, certo?
Sim, muitas das informações estratégicas podem ser aplicadas a todos os mercados.
Cory, é o conteúdo da teoria de ação de preço do curso o que você consideraria abrangente? Eu não me oponho a trabalhar todos os dias durante um ano ou mais para ter sucesso - o esforço digno não requer tempo & # 8211; Contanto que eu saiba que o conhecimento que me foi dado me permite entender o que está acontecendo. Eu estou no lado da engenharia das coisas e tenho sido conhecido por comprar um livro didático apenas para uma melhor exposição de um conceito. Importa. Obrigado.
O curso é todas as estratégias de ação e análise de preços. Ele contém todos os conceitos de ação de preço que uso para negociar. Também forneço uma breve lista de leitura e visualização (incluída no e-mail de download) de outros artigos / vídeos gratuitos que ajudam a solidificar os conceitos. Eu tenho que tentar fazer o livro o mais completo possível, ao mesmo tempo mantendo-o eficiente (não fazendo 600 páginas e discutindo coisas que realmente não importam).
Espero que ajude. Felicidades na sua jornada comercial.
Ei Cory, obrigado por toda a maravilhosa informação e orientação que você está compartilhando. Eu adoraria comprar seu ebook. Existe alguma maneira possível de comprá-lo sem se registrar no paypal? Atenciosamente Max.
Não acredito que você precise se registrar em uma conta do PayPal para efetuar um pagamento. Se você clicar no botão Comprar, ele será redirecionado para o PayPal. Role a tela para baixo e clique no link & # 8216; Pagar com crédito ou Visa Debit & # 8217; ligação. Dessa forma, você pode pagar com um cartão sem se registrar.
Também pode pagar via Interact E-transfer se você estiver localizado no Canadá (feito manualmente, o envio de e-mail é enviado para o e-mail do nosso site e, em seguida, enviaremos o e-mail diretamente para você).
na página 54 do livro, no último parágrafo do & # 8220; Averaging Down & # 8221; seção, você menciona uma estratégia chamada & # 8220; Lançando uma rede com pedidos & # 8221 ;, que você define como & # 8220; discutido mais adiante no livro & # 8221 ;. No entanto, não há sinal dessa estratégia no restante do livro. Eu pensei que seria uma boa coisa para deixar você saber, eu não tenho certeza se você já está ciente disso.
Eu estou lendo seu livro pela segunda vez com uma abordagem mais aprofundada, e devo dizer que o valor do que você ensina nele é muito maior do que o preço de 50 $ para quem deseja adquirir uma negociação sólida. Fundação.
Obrigado pelo seu excelente conteúdo de qualidade e continue!
Obrigado pelo feedback, Dan!
Quanto a lançar uma rede com ordens, isso é um remanescente de uma versão antiga. Então obrigado por chamar minha atenção. Em uma versão antiga do livro, discuti a colocação de pedidos em vários locais ao redor de um ponto de entrada, como uma OPÇÃO. Ao longo do tempo, porém, descobri que a maioria das pessoas é melhor entrar a um preço. Ter várias entradas cria muita ambigüidade em torno de onde colocar o stop loss e leva mais trabalho para descobrir o risco e o tamanho da posição. Então optei por tirar esse capítulo do e-book.
Mais uma vez, obrigado pelo feedback.
Acabei de concluir o curso de ações de negociação do swing e não posso ser mais feliz.
Eu tenho mexido com forex por um par de anos agora, mas não tinha estratégia real, então estava perdendo mais do que ganhar. Então decidi investir tempo e dinheiro em algum treinamento para tentar obter sucesso.
Eu olhei em volta e decidi sobre o curso de ações de negociação do Cory, como eu tive um bom pressentimento das resenhas, do conteúdo do curso e de seus artigos de que ele era genuíno, novo em suas coisas e ele forneceu uma estratégia para a negociação.
Não era forex (o que ele oferece), mas eu pensei em tentar algo diferente.
Como mencionado acima, concluí o curso de treinamento e não posso ser mais feliz. Pensei que eu iria delinear o porquê;
1) Cory explica tudo em termos leigos, muito fácil de entender com exemplos e exercícios para você praticar o que aprendeu.
2) Eu enviei um e-mail a cory algumas vezes com perguntas relacionadas ao treinamento e ele respondeu pessoalmente com respostas muito rapidamente, eu não acho que você conseguiria isso em nenhum outro lugar.
3) Eu não sou especialista em treinamento e eu não conheço Cory, mas posso sentir que ele é muito genuíno e apaixonado por negociação, que aparece no treinamento. Há tanto lixo na web, que é uma lufada de ar fresco e lhe dá confiança de que você tem uma chance de ser bem-sucedido.
4) O treinamento consiste apenas de informações que você precisa e apenas das estratégias necessárias. Cory não te bombardeia com todas as estratégias sob o sol, que eu pessoalmente acho que me ajuda a me concentrar no trabalho em mãos e me distrair menos.
5) O que eu mais gosto sobre o treinamento, é que é basicamente um guia passo a passo, eu precisava de um processo para seguir de A & # 8211; B e é isso que entregou.
Eu não acho que vou precisar de qualquer outro treinamento agora, eu só preciso praticar o que me foi ensinado.
VantagePointTrading recebeu este depoimento via email:
Pesquisando conselhos de negociação Forex para um projeto comunitário, eu me deparei com o site Vantage Point Trading, de Cory Mitchell, e ele me economizou dias de pesquisa. Para mim, o problema em aprender sobre Forex foi encontrar qualquer informação sobre negociação com uma pequena conta (sem gastar todo o meu capital disponível apenas para aprender!). Fiquei impressionado com a quantidade de pessoas oferecendo conselhos caros por meio de alertas de sinais pagos, sistemas automatizados de negociação e treinamento caro, tudo focado em indicadores. Mas Cory oferece sua experiência de anos de experiência através de seus artigos, vídeos e e-books, para que você possa aprender como o processo funciona e não apenas seguir os sinais ou o estilo de outra pessoa, e você pode fazê-lo sem gastar todos os seus lucros potenciais em recursos.
Em seu ebook, centenas de tutoriais e horas de conteúdo de vídeo em seu site, Cory fornece uma abordagem clara, profissional e extremamente útil, dividindo em bits digeríveis as informações mais complexas sobre o Forex. Sua capacidade de ensinar conceitos de forma concisa tirou a dor de cabeça de obter uma educação de negociação forex, e seu estilo relaxado e humilde é mais do que agradável, é refrescante.
Cory propõe uma técnica de negociação estruturada, gerenciada por risco, mas flexível, que permite que cada aluno defina seu próprio estilo de negociação, sem perder tempo ou dinheiro. Seu novo ebook, "O Guia de Estratégias Forex para Day and Swing Traders 2.0" ajudou a fundamentar-me nos princípios básicos de gestão de risco com estratégias que até mesmo a menor conta poderia aplicar e usar bem para obter lucro. Comerciantes e professores como Cory transmitem valiosa sabedoria financeira, pois sempre trabalham dentro de limites de risco calculados e pré-estabelecidos. Esses especialistas honestos e prestativos ajudam a elevar a comunidade comercial a níveis mais altos.
Então, se você está procurando por uma educação de negociação forex, não há necessidade de se inscrever ou comprar qualquer coisa para se beneficiar dos artigos, vídeos e sinais de negociação da Cory. E, se você está convencido de sua experiência, capacidade de ensinar e atitude honesta e humilde, seu ebook "O Guia de Estratégias Forex para Day and Swing Traders 2.0" é de apenas $ 49,95 & # 8211; um custo provavelmente recuperado em ambos os lucros e tempo economizado & # 8211; e é um curso de negociação forex completo, treinando operadores novos ou experientes em operações de câmbio gerenciadas por risco. É tudo o que você precisa para ser um profissional de forex consistente e saudável.
Para novos traders, a primeira coisa que eu sugeriria é descobrir como economizar tempo. Em vez de investir e aprender os métodos de negociação de todos, recomendo o conselho de qualidade da Cory. Se o livro não for o certo para você, pelo menos confira seus artigos ou inscreva-se em seu boletim semanal gratuito. Deixe Cory Mitchell salvá-lo, como ele me salvou, a mercadoria que é muito mais valiosa do que o dinheiro, a mercadoria preciosa chamada tempo.
Eu tenho uma paixão por compartilhar histórias que preenchem a lacuna entre as culturas. Atualmente aprendendo basco, gosto de escrever, viajar e fotografar: twitter / jonamccallum.
ótimo site, informações inestimáveis para os comerciantes novatos como eu. Eu comecei recentemente a minha educação em day trading. Estou muito interessado nos mercados de criptomoedas, e quero me especializar nesse tipo de negociação como meu primeiro investimento. Você acredita que compartilha muitas semelhanças com os mercados de Forex? Você acha que os mesmos conceitos podem ser aplicados e funcionam bem para criptos? Além disso, você nunca mencionou este novo mercado em evolução no seu site (tanto quanto eu vejo). Quais são seus pensamentos sobre isso?
Cyptos são moedas, portanto, a maioria dos conceitos de forex se aplica a criptomoedas. Dito isto, o comércio de moedas cipriotas está mais envolvido. A estrutura de comissão é diferente dos pares forex normais. Além disso, as citocorrências fazem muito menos volume do que os pares de moedas típicas, o que significa que elas são muito mais voláteis e têm spreads maiores. Isso significa que há significativamente mais riscos com as citocorrências (sem mencionar vulnerabilidades de segurança, falta de regulamentação e software de terceiros, o que resultou em grandes invasões e perdas para os operadores). É claro que há também uma oportunidade para obter muitos lucros, mas por causa dos riscos elevados em comparação com o câmbio normal, optei por não discuti-lo neste site.
Dito isso, faço algumas negociações de criptografia, mas não ofereço conselhos sobre isso. Devido às taxas mais altas / spreads / comissões com criptografia, eu prefiro swing trading-los em oposição ao dia de negociação.
Os cursos estão em tópicos diferentes, então não são realmente comparáveis. Este ebook abrange forex e destaques dia negociação e swing trading estratégias. O Stocking Trading Video Course está focado apenas nas ações de negociação do swing. Ambos são abrangentes, dependendo do mercado que você deseja negociar. Dito isso, muitos traders se beneficiam de ambos, já que os dois cursos oferecem material diferente, mas o material se aplica também a outros mercados.
Se pegar um curso, escolha aquele no mercado em que você está mais interessado.
qual uma ou duas de todas as estratégias em seu livro você recomendaria para o comércio do dia forex, cerca de 1,5 horas de negociação focada após a abertura europeia. Muito obrigado.
Todas as estratégias são viáveis, e fornecem uma visão de que o preço poderia estar se dirigindo. Portanto, mesmo que não esteja negociando uma estratégia específica, é útil conhecê-la para que, se ocorrer, você tenha uma idéia de onde o preço poderia estar indo (mesmo que apenas para fins analíticos).
Se apenas escolher alguns para o comércio do dia, eu recomendaria front-running, bem como fugas de mini-canal e a estratégia de canal de tendência (embora, quando dia de negociação, você normalmente vai perceber que você não vai encontrar um monte de bom Portanto, precisamos ser um pouco mais flexíveis com a estratégia, isolando a direção da tendência e, em seguida, tentando entrar em retrocessos.Eu abordo o day trading especificamente neste artigo: vantagepointtrading / day-trade-forex-market-2 -hours-less-day-eurusd-gbpusd /.
Velocidade e magnitude não é uma estratégia em si, mas é um conceito muito importante para entender se está fazendo qualquer forma de negociação.
Obrigado pelo ebook. Eu sou um novato completo em negociação, mas estou trabalhando na leitura do livro e estou na metade agora. Espero poder começar a negociar em uma conta de demonstração assim que eu tiver lido o livro e entendido os principais conceitos.
Eu tenho uma pergunta geral sobre Day trading:
Eu li na Investopedia que um dos contras dos operadores do Day é o custo de obter o & # 8216; set-up & # 8217; como mencionado no excerto abaixo:
& # 8220; Significativa start-up e custos contínuos: Os day traders têm que competir com os operadores de alta frequência, fundos hedge e outros profissionais de mercado que gastam milhões para obter vantagens comerciais. Nesse ambiente, um day trader tem pouca escolha a não ser gastar muito em uma plataforma de negociação, software de gráficos, computadores de última geração e afins. Despesas contínuas incluem custos para obter cotações ao vivo e despesas de comissão que podem aumentar devido ao volume de negócios & # 8221;
Estava querendo saber quais são seus pensamentos sobre isso?
Desculpe o atraso. Não vi o seu comentário.
Essa citação é ridícula .. A maioria das pessoas tem um computador que é adequado para o dia de negociação. Desde que funcione suavemente, isso é tudo o que importa (se falhar ou ficar defasado, isso é um problema). Eu uso dois monitores, mas isso não é um requisito (quando viajo eu negocio em um laptop). Também é necessária uma conexão de internet decente confiável de alta velocidade (mais uma vez, a maioria das pessoas já tem isso no Netflix 😉).
Cotações de ações são fornecidas gratuitamente por muitos corretores, e se não, as taxas são muito mínimas. US $ 2 / mês, por troca, no TradingView.
Cotações de Forex estão livres de todos os corretores do forex que eu já vi.
Cotações de futuros podem ser um pouco mais, mas ainda assim, as taxas globais podem ser mantidas abaixo de US $ 100 normalmente.
Não há necessidade de assinaturas (embora algumas pessoas possam optar por pagar por recursos premium em alguns sites).
Esse artigo faz parecer que você tem que gastar centenas por mês e atualizar o computador o tempo todo. Isso simplesmente não é o caso. Se você negocia Forex, as taxas podem ser de US $ 0 / mês.
Comissões (ou o spread) são um fator a considerar, como discutido no livro. Mas, no final das contas, se você estiver fazendo negócios com recompensas sólidas: índices de risco, as comissões ou spread não devem ser um grande problema. A única vez que a comissão ou spread se torna um obstáculo é quando a volatilidade é realmente baixa, e não há muitas boas oportunidades de negociação. Nesses momentos, é melhor apenas sentar e não negociar tanto "Eu discuti essa questão aqui: vantagepointtrading / archives / 21008.
Além do capital necessário para realmente começar a operar (capital de conta), o dia de negociação é provavelmente a menor barreira para a carreira de entrada que existe, e é claro que isso não significa que é fácil.
Oi Cory, eu sou um investidor de ações e opções (termo médio), mas estou muito interessado em aprender a troca do dia (eu tenho um conhecimento médio sobre negociação de swing). Meu objetivo é ter um salário & # 8221; investir no curto-longo prazo em ações para lucrar com o retorno composto. O problema é que não sei por onde começar. Pesquisando na internet encontrei seu site e depois de ler alguns artigos gostei muito do que você disse e dos seus argumentos.
Este livro tem todo o necessário para se tornar um negociador de dia / swing no Forex (depois de praticar todo o conteúdo do curso)?
É extensa para o mercado de futuros?
Qual é o formato do ebook? Não é possível encomendá-lo em formato físico (eu realmente gosto de fazer anotações nos livros e usá-los como um guia?
Obrigado pela sua resposta. Saudações.
Obrigado pelo feedback e perguntas. Tenho certeza de que outros têm perguntas semelhantes.
O livro só está disponível no formato eBook, embora você possa imprimi-lo se desejar (encontre uma loja de impressão barata, pois o livro tem mais de 300 páginas).
Um pouco menos de um terço do livro está focado no básico dos estrangeiros, e navegando no mercado forex - estas seções não seriam realmente aplicáveis a outros mercados.
O restante do livro analisa técnicas e estratégias de análise. A maioria desses capítulos também é aplicável a outros mercados.
As estratégias podem ser usadas para o dia de negociação ou swing trading. O livro compila grande parte das informações do site em um recurso, além de muito mais. Dito isso, estou sempre adicionando novos conteúdos ao site, por isso, é recomendável ler os artigos no site na seção que você mencionou.
O dia de negociação é rápido, muito mais do que o swing trading. Este eBook vai dar-lhe estratégias que você pode utilizar e coisas para assistir durante o dia de negociação, mas não é um dia de curso intensivo de negociação (ele não está focado apenas no dia de negociação). Em outras palavras, este é um ótimo ponto de partida para o dia de negociação e swing trading para você começar com alguns fundamentos sólidos.
Obrigado por compilar um livro eletrônico tão abrangente e útil. Eu o li do começo ao fim e agora criei meu próprio plano de negociação e comecei a executá-lo em uma conta de demonstração. Eu explodi 80% da minha conta no passado antes de decidir voltar para o quadrado 1, ler o seu livro e fazer o certo da segunda vez para não perder o resto!
Balance sua liberdade!
Ei Cory, eu comprei o E-Book. Mas eu queria saber se você poderia colocar uma negociação ao vivo no YOUTUBE usando o Forex Swing Trade em 20 minutos & # 8211; Quadros Temporais e Estratégia de Tendências. Seria muito apreciado.
Estou na estrada nas próximas duas semanas, mas tentarei obter mais exemplos de comércio assim que puder. Aprecie o feedback / sugestão.
Ele Cory. Existe uma possível terceira edição nas obras deste livro?
Não atualmente. Haverá uma atualização, mas ainda não estou trabalhando nisso. Os conceitos discutidos ainda são relevantes.
Eu estou trabalhando em um curso de forex separado que incidirá sobre negociação de longo prazo em gráficos semanais: vantagepointtrading / forex-strategy-course-for-semanal-charts Ele pode ser combinado com o Guia de estratégias de Forex para aprender algumas técnicas diferentes.
Eu comprei o livro de Cory alguns meses atrás e depois de lê-lo comecei a trabalhar nele novamente junto com uma conta demo e estou praticando o máximo possível. Estou grato por ter encontrado este livro, pois ele conseguiu atravessar todo o ruído & # 8220; & # 8221; que está lá fora em relação à negociação.
Eu recomendo para quem procura um livro honesto, conciso e motivador sobre negociação forex.
Já aprendi muito e agradeço a Cory por não só escrever este valioso & # 8220; manual & # 8221; mas também pelo tempo que ele leva para responder a quaisquer perguntas & # 8211; algo que muitos não se incomodam em fazer.
Obrigado por me iniciar nessa emocionante jornada.
Cory fala muito sobre a compreensão do Price Action e quanto mais eu pratico, mais eu vejo que, junto com a base que ele dá em seu livro e praticando suas estratégias, quanto mais próximo chega de compreendê-lo.
Mais uma vez obrigado Cory!
Eu comprei o livro no início de março de 2017 e estou passando pela segunda vez. Eu sou realmente um novato & # 8211; nunca negociei nenhum mercado antes. Eu estou realmente impressionado com este livro e estou ansioso para continuar no meu caminho para o aprendizado. É compreensível, legível, mas contém uma riqueza de informações. Eu sinto que estou realmente começando a entender como o mercado forex funciona e como procurar padrões. No momento, estou trabalhando apenas em uma conta de prática e pretendo fazer isso por mais alguns meses. Mas eu posso ver o progresso no meu aprendizado, e isso é importante para mim agora. Eu recomendaria este livro fortemente.
Hi Cory, should i use broker with commission or without commission, which would be best for day trading. obrigado.
I like the ECN brokers (commission) for day trading because of the much tighter spreads. I use FXopen. Eu gosto deles. But they are only available to traders outside the US.
Hi Farhan, which broker are you using, thanks.
I use IC Markets.
Can your strategies be programmed in MQL4?
They are price-action based strategies, so they would be hard to program in MQL4.
I wanted to write to you to let you know how grateful I am to have found your book on Forex trading. I bought your book back on the tenth of October and got through it in a few days. After that I opened up my demo account and traded with that until the end of January. I had averaged 47% compounded return per month. Then the first week of February I funded my live account with $28000. To ease my self into it and control my emotions, I started off risking $50 per trade. After the first week trading live and returning over 13%, I started trading risking a full one percent of my account this week of February 5. Over this week I managed to pull in just under 10% this week! This is more than how much I make in a whole month at my current job as a carpenter apprentice, which I plan on quitting in the very near future. Needless to say, I am very grateful I had found you. Thank you very much for all you have done for me. If anyone is on the border of getting the book I got 2 words for you, DO IT, I am sure you won’t regret it! THE KNOWLEDGE IN THIS BOOK IS WORTH THOUSANDS.
I have been learning and trading for about ten years now, mostly part time as I haven’t had enough consistent success to quit my job. The most important thing I have learned (and learned it just recently) is that everything I have learned up to this point has been bulls**t. That was a very bitter lesson. It represented a huge investment in time and effort, not to mention dollars, and all to learn that one lesson: everything I learned up to this point has been wrong. Uau. But it makes sense, right? If MOST retail traders lose their money, and you do what they do, then you will …. win! Certo? NÃO! Claro que não! If you do what everyone else does, you will get what everyone else gets, plain and simple. Aaargh. I started this entry with a question in mind but now it seems to have run off somewhere, sorry 🙂
But I CAN ask: your approach to trading sounds different and from reading some of your articles you have no aversion to going against the grain; so, do you consider yourself a traditional trader or something more outside of the box?
For me, this is not just a $50 investment, it is the $50 PLUS the hours and hours of time spent reading and practicing, which is the REAL investment.
Isso é muito verdadeiro. I discuss that in a number of articles on the site–expect to put in a lot of time before the work starts to pay out. Unfortunately, that time investment will be increased significantly if working on the wrong things. For anyone who has traded for any length time, we know trading is not as easy as plotting an indicator and doing exactly what it says.
I think I am a bit traditional, but also outside the box. Basically, I take common patterns and then try to exploit them to my advantage in ways that most others don’t think about. For example, waiting for a false breakout instead of being frustrated by them. Taking trades inside chart patterns (and using price action to determine the direction) instead of waiting for traditional breakouts (which are fraught with the previously mentioned false breakouts), just as a couple examples. As you mentioned, we can’t do exactly what a pile of other people are doing, because it puts a target on our backs. We need to be just a touch smarter…slightly better entries, etc. As the same time, it is the largest group of traders that pushes the price within a trend, therefore we do need to trade with the group much of the time, we just need to have slightly better entries and exits than the bulk of them. Here is an article that combines some of the tactics in a day trading context: vantagepointtrading/archives/14162 it also goes into planning trades (which is laid out in the ebook in the form of checklists).
As for my methods, I would say you will find the first half the book fairly basic. These are basic building blocks upon which I base the more advanced strategies later on. All the strategies will take work and time to learn, as they are based on price action which adds in a subjective element (which is good, because a strategy where thousands of traders are all getting in and out at the exact same price won’t work—talk about slippage!). Subjective in this case means we are looking at multiple pieces of evidence to formulate (or not take) a trade, so two traders may not come the exact same trade decision in a forex pair, but over time if they stick to their analysis (and have practiced and tested it) they can both do well.
Not sure if that helps, but take from it what you will.
I do not know how to start my thanks letter, but I am sure that before having this 333 pages of your book. I was such a lion without teeth. 🙂
I couldn’t even play with demo account and hit the buttons easily (I found tons of different webs and software that offered themselves and I stuck among many different idea and information) .
I always felt that what is going to happen if I do this…..or I do that…..
I had such a jointful moment by reading your book. Like “Alice in wonderland”
Second main key point for me, was YOU were there all the time to reply my questions; however, some times I got more motivation of having you rather than your prompt answers. I mean I felt your responsibility and passion of being as a market analyst.
Thanks for your time, and gave me an amazing present I have never had.
The best thing I like about Cory’s book and his posts is the reality. I initially do not believe day trading can make consistent income since my background is from Finance and Economics. However, after reading his posts I changed my mind and decided to be a full time trader. This is because he treats trading the same way as running a business. He talks about making a plan, implement strategies, risk management, and review past performance. That’s pretty much the same an entrepreneur needs to do to run his business.
I highly recommend this book to anyone who is serious about trading. This is the only resource you need to be a successful trader, and the rest is to practice a lot. No matter whether being a pianist, basketball player, or rocket scientist, practice in the right way is the key to success. Cory’s ebook will bring you on the right track.
Although I’m only part way through the book, a lot of the grey areas I was experiencing at the start of my trading journey are now becoming much clearer. The book is written in a clear and concise manner, and a refreshing change from some of the really unnecessary complex stuff that’s out there. What I’m getting at the moment is that trading doesn’t need to be complicated; just trade the way that you enjoy, and that matches your lifestyle, and probably not to try and trade too many systems.
Like I said, I’m only part way through and really enjoying the content so far, and am confident that once I’ve completed the book (and re-read it) I will be come a far more confident, accomplished and profitable trader.
Hi corry.Am David maina from kenya.Ave been following to know about forex trading on wich I wanna be a great trader in future.according to the comments ave been reading about your book I believe it can be useful to build ma pillers in trading.Am looking forward to get it soonest possible and start off the journey.
I have been heavily investing my time and efforts into learning not only the forex but equity market as well. The one thing I’m sure most of you and I realize is that there is a lot of scams and garbage out there. Also, it takes time and lots of it to sift through the crap and gather together what you feel is useful. Trust me, I’ve been doing it for weeks now and get frustrated every time I find information that counters what I want to employ or just adds more clutter to things I need to focus on.
If you want to skip the hours, more like days of sorting through strategies, psychology and market information, just get this eBook. It is a great foundation for any person who wants to trade forex or equities. I found many of the strategies in this book carry over to the equity markets as well.
Don’t think this book will provide you with a holy grail strategy and smoke up your rear to make you feel that it will be easy and you’ll get rich quick. One of the best things about this book is that it is REALITY. You will not get rich overnight and there is no one strategy that will bank you 400% returns. You will have to study, you will have to grind and you will struggle but Cory reassures you that it is normal and you will become successful if you are disciplined and focused.
I’ve been through my first read on the book and am now going through it a second time making my own cliff notes/cheat sheets on it to tape to my wall above my monitor.
Wonderful wonderful resource. Thank you so much Cory. Best money I ever spent on a trade book and am motivated more than ever now to study, work hard and grind until I can become a successful and consistent trader.
I totally agreed.Ultimately its your Executing of your STOP LOSS within the money management rule that will determine your success.
Hi Cory..I wanna buy ur e-book..but once I buy can I download it in my mobile phone ,laptop and desktop ? Or it can be downloaded only once in a single device ? Coz I don’t know how a ebook works. D…cheers…
It is a PDF and you can download it three times (on any device you want) before the download link expires. BUT, if you want it on more devices you can just email it to yourself and then download it on other devices that way.
I think you are very good trader.
Just bought your book, hope it will be helpful…
Thanks Khiem. Best wishes with your trading, and feel free to post comments or shoot me questions as you work through the book.
Hi there quick question where do one start there books DVD,s CD,s free youtube plus the paying sites follow to many read to much watch it all and confusion set in before you know it 6 month has passed and your no further on …. again where do one start the basics like learning the alphabet And for apple the very basics no one seems to answer this question relevantly thank you Hameed.
Grande pergunta. I will write an article on this in the near future.
You don’t need to learn everything. People think that the more they know the better traders they will be. This isn’t the case. Beyond knowing how a market functions and how price move, the only thing to do is learn a strategy and practice it over and over again. Since each day is slightly different, practicing that strategy in hundreds of different scenarios/days will tune your mind so that you can implement it whenever an opportunity presents itself that is in alignment with strategy. Isso é isso. No reason to know everything about technical analysis or to keep reading article after article and watching video after video. Find (or makeup) one strategy you like and practice it over and over again until you are consistently profitable in a demo account. Then switch to real capital and continue to implement that strategy. If you can do it successfully, that is it. You don’t need to know anything else…you are making money, and that is the only purpose of trading. You can make small changes to your strategy as you face different scenarios, but really, it is just about practicing one or two strategies over and again.
In this book I provide quite a few strategies, but in the last few chapters it all gets tied back to only working on one or two, because that is really all you need…and the dedication to practice them A LOT, until you can spot them in all types of market conditions and are confident enough to trade them without fear or greed clouding your judgement.
hi cory…i want to ask about your ebook….does the strategy on your ebook applicable for day trade option trading ??
You could use the strategies for entry points into options trades, but the book does not cover options at all. Therefore, you would need to have an understanding of options already in order to utilize the strategies discussed in the book effectively. Please note that I am talking about “real” options, like those traded on the CBOE or CME. I do not recommend trading binary options, especially the ones typically offered by brokers outside the US (US Nadex binary options can be ok, but still not ideal).
Hi Cory, I’ve read a few of your articles – would you recommend your book to a complete beginner who knows very little about trading of any type? Or would you recommend another resource to familiarise myself with how it works first?
The book goes through everything you need to start trading the forex market. So it covers all the basics (such as which orders to use and how the market works and moves) and then advances to reading a price chart, making trades and following a strategy. Being a beginner is great because you will learn how to trade effectively from the start (no developing bad habits)!
Espero que ajude.
I trade futures and I would like to know, does your book offer guidance for a intraday futures trader?
Do the strategies, written in your book, apply to the futures market?
Quite a few of the strategies can be used in any market, but several of the ones in the book are specifically for forex. Here’s the breakdown:
Chapters 1 – 7 all focus only on forex.
Capítulo 8 & # 8211; 12 are applicable to other markets.
Chapter 13 is about forex.
Chapter 14 is applicable to all traders.
Chapter 15 is meant for forex.
Chapter 16 is applicable to all markets.
Chapter 17 and 18 may be applicable to some other markets (but not all)
Chapter 19 to Chapter 33 are applicable to all markets.
So about half the book is information that can used in other markets, and about half is focused on forex. All the examples and charts are from the forex market though.
Is this book available in any bookshop in Singapore ?
It is only available online in PDF (digital) format, and can only be purchased off this website.
I bought your book and completed reading and reviewing. I want to complement you, as the book is well structured and easy to understand. I am a complete novice.
I am now ready to open a test account.
I know you give some guidance on the selection of a broker and trading platform.
I really cannot afford to invest money and loosing it because I select a hoax broker.
You have been so long in this business. Can you please recommend a broker and trading platform?
I would really appreciate that.
I am from South Africa and with our current ROE, I need to be very careful where I invest, as we pay a high price for USD.
Looking forward to hear from you.
Thanks for the feedback Magda.
I use FXopen. Never had an issues. I have been with them for years, so beyond that I can’t comment on too many brokers.
They offer the MT4 trading platform, and it is fine…I use it for forex trading.
Best wishes as you start your journey!
Just now purchased your book. Looking forward to a whole new learning experience. Being a novice trader, I hope this book will guide me along my trading ‘adventures’.
Will review in few months.
Best wishes Majid! Looking forward to hearing your progress.
I would like to know if The Forex Strategies Guide for Day and Swing Traders 2.0 eBook exists in italian language.
Thank you and best regard.
It is only available in English.
Cory’s crotch strategy in play now GBPUSD 15 min chart.
Closed trade GPBUSD +60 pips, crotch strategy.
Thanks for the update William. And nice trade 🙂
Downloaded your e-book last night and read about wedges and breakouts from wedges, turned on my computer this morning at 7.00 am (UK time), and there was a perfect example, caught the breakout at 7.25 perfectly (EURUSD) – brilliant!.
I find Frankfurt open (7.00am) till 2 hrs into London open (till 10.00 am), you get just as good moves as the first 3 hrs of New York open.
Many thanks Cory.
kindly give me an alternative way to pay, i really need the book, can i use a telegraphic transfer.
The only ways to pay are via PayPal…although PayPal will process payments via major credit cards (you don’t need a PayPal account). These are the only options available for purchasing the eBook. You can contact me directly at cory [at] vantagepointtrading [dot] com if you have any questions.
Bitcoin payments are now also accepted. Contact me, via the Contact Us page, for specific details.
I have just finished reading the book and I would definitely recommend it to anyone looking to get into trading the FOREX market.
To give you some background, I have been dabbling around the edges of FOREX trading on a part time basis for a few years now with very little success but not much in way of losses either. I have bought a few indicators, kissed a few frogs, spent some cash on training; all have given disappointing results, I was thinking maybe it is just me? I would still class myself as a relatively inexperienced trader.
Cory brings the process together in a clear, concise and yet comprehensive manner. He covers all aspects of what it takes to get trading and making profit. The book is 330 pages long. There is a lot to absorb but it is an easy and digestible read.
If you are seriously committed to trade FOREX then this book should be constantly at hand. Don’t pass by the opportunity to get yourself a truly comprehensive guide to trading. This is the best value for money that I have found on the subject of FOREX trading. I literally spent thousands on three day a FOREX course that was way less informative.
I would definitely recommend reading this e-book multiple times! I wish this was written when I started trading. Cory spells it out. New traders, if you follow what he teaches from the start, you will have a very good chance of becoming a successful trader. I have struggled for years and I have to re-train my brain to get rid of some of the old baggage and adapt to the concepts Cory teaches. It can sometimes be a fine line between success and failure. This will help you gain an edge. On another note, Cory’s willingness to share his insight is rare in this business. Read his articles, website, tweets, etc. It will help.
I purchased the book to learn more about the different technical analysis and their applicability to different condition of the market. The book explained them very well and I appreciate the real trades examples given. What I really like is that the book is giving a pretty objective point of view by mentioning that there will be losing trades and what we should do to come up with an overall long term winning strategy.
Trading/investing is akin to Poker, even playing a good hand, you can lose sometimes, but it you stay the course, hopefully, you can have a winning trade. The hardest part for me is to shove away my losing trade and stay focus to the winning strategy. In order to do so, it requires practice and having that mental stability to always stay the course. You just have to make sure that your course is the correct one though. The book discussed about this mental aspect very well in terms of coming up with trading plan. Overall, it is a good book. I agree with some of the comments that there are so many strategies in the book. But, for newer traders, I think it would be good to focus on a few of them and knowing which market condition (Trending, Breaking, and Consolidating market) to apply them. The tricky part is then to have the discipline to not trade/stay away when the market condition is not the right one for the particular strategies you use. Especially, after making winning trades, human nature always thinks that you can’t be wrong and this makes you want to make more trades even when the market condition has changed. Cory explains this very well in the book about the common psychological pitfalls that most trader experience. Overall, it is a good book.
Awesome points Andre. Staying the course is difficult after a losing a trade…or few. Yet it is exactly at those times that staying the course gets us back on track. Also a great point about staying away when the conditions don’t suit the strategy. NOT trading is actually one of the toughest elements of trading. It is a constant battle to force ourselves not to trade when conditions don’t favor it, or when we want to trade just because we are bored. And yes, focusing on one or two strategies at a time is all that is needed (and recommended). Thanks for the feedback and best wishes!
A great book if you’ve just embarked on the road of day-trading. As I made my first steps into the field, I encountered some articles by Corey and gradually and surely gained respect to him, which led to me to purchasing his book. Oh boy, am I glad I did. It has saved me countless hours in research and sifting trough articles and write-ups, some which might have led me astray. Furthermore, the book has furnished me with tools to navigate through the stormy seas of Forex and hopefully become a lucrative trader in the future.
The first part of the book offers a clear overview of day-trading and lays the ground to creating a successful trading system. The rest of it offers myriad of profitable strategies that fit various market conditions. This wealth of information is explained in an easy and palatable manner with ample charts and examples; an exceptional handbook with which I’ll consult long into the future.
A word of caution: The focus of the book is price action, so if you are looking to be taught strategies based on indicators, statistical analysis or through any other prism, look elsewhere.
A word of caution II: One pass is not enough. There’s too much to learn. Read it, experiment with a demo account, lose a lot (ha ha), and re-read it. A lot will click together; a lot will make sense; winning strategies will emerge.
Boa sorte a todos.
Thanks for this website and for the video tutorials you have done on behalf of Investoo- fantastic sources of information for novice traders like myself.
I’m now looking at downloading your Forex Strategies Guide for Day and Swing Traders 2.0 course but am curious as to whether or not any of the strategies included may be appropriate for an initial capital investment of $1000 or less? I have read your article on trading with $1000 or less but am interested to know if what’s covered in the book will assist me in actually implementing and monitoring such a strategy.
Thanks again for all of your publications.
In the first few chapter I recommend Day Trading forex with at least $1000. You can start with as little as $500, or even $200 or $300…but if doing so commit to grow the account to more than $1000 before making withdrawals.
For forex swing trading the the absolute minimum is $500, but that may limit what type of trades you can take. For swing trading, having $1500+ is recommended.
You may also want to check out this article: How to Day Trade Forex in 2 Hours or Less vantagepointtrading/archives/14162. It also contains quite a bit of info on what I look for when day trading (and day trading require less capital, but at the same time requires you to be in front of your computer for part of the London or early US session).
Thanks Cory. Really enjoying the book so far. Imagine I’ll be reading it again once I’ve finished and start on a demo account to really drive it all home.
I’ve just recently found your website and I am enjoying going through it. I’ve previously enjoyed your articles on investopedia and because of that I bought your ebook on forex which I’m reading through just now, its great, full of good advice and easy to read.
Hi Cory, thank you for the reply. I didn’t glance through the book, I’m the kind of person once I get a book I focus on it until I am done. Part of it is I’ve taken so many courses and have read so many books that I am very familiar with many concepts, so I understand things pretty fast now. But there wasn’t much in the book I haven’t seen before. For me, the book is pretty basic, but for others, I think it’s a good book.
I think it’s a good book for someone brand new to trading, but at the same time, it’s a book that probably should be free.
Thanks for the feedback Brent. You bought the book 1 day ago…and there is a ton of information to get through. As you work through the book in more detail I am sure you will find a lot of information that can help you out. Glancing over the concepts isn’t the same as understanding and being able to implement them–that will take some time as I discuss throughout the book. Look through it in more detail, and if it still doesn’t help you out, let me know why so I can improve it (then, if you would like, you are welcome to a refund).
Via @FXMasterCourse on Twitter.
@corymitc Got your book FX Strategies Guide vn 2.0, bit.ly/1FIKhqm . It’s a great read! Very detailed and thorough!
I wish this book would have been available few years back and I would have saved those years trying to become successful trader. This book is well written and every trader should read it before trying to learn technical analysis alone. “Introduction and 5 Step Plan for Trading Success” is a must chapter for everybody learning this book. Cory has shared the true path to become successful trader through this book and his blogs.
Aspects of 3 M’s have been clearly explained. He has shared many strategies; and he is aware that not all be suitable for everybody. Its up to individual traders to choose which are suitable for them. I really appreciate Cory’s patience and willingness to answer all your questions and resolve your queries till you understand the subject. I recommend his book and also his blogs. He has packed all the knowledge he wants to share with people in this book and at the same time he keep that knowledge updated with his blogs.
I am interested in having the book. Please is there a way one can pay with Nigeria local currency?
We only use PayPal to handle our transactions. I will email you with an alternative solution though.
great resource. a lot of information to absorb….more than i thought there was. but i liked that after everything is taught the book shows how to simplify again…giving a few things to focus on and giving a pretty solid example of a trading plan. in my opinion, worth the price as it saved me a great deal of time and money. strategies are quite different than common indicator strategies available everywhere. nice to see something different. different seems good.
Hi Cory Mitchell, thanks for your ebook. So many strategies are actually taught in the book. i look forward to learning more from you. Im a Nigerian and i’m glad i didn’t waste my money. Several people have written so much nonsense in some other books while some have lied in the comments but i’m happy to say Thanks So Much.
Cory has a wonderful ability to teach with clarity about Forex trading. His ebook “The Forex Strategies Guide for Day and Swing Traders 2.0” is a complete Forex trading course, training new or experienced traders in risk-managed Forex trading. It’s the best material that I have found on the subject.
I only wish I had found this book sooner! If the book is not right for you, at least check out his articles or sign up to his weekly email and receive some of his free signals via StockTwits. Let Cory Mitchell save you, as he saved me, the commodity that is much more valuable than money—the precious, priceless commodity called time.
I read the book and found it surprisingly well written and informative. The money management advice alone is very valuable not to mention the many trading strategies, a couple of which I have adopted into my trading plan. I would certainly recommend this ebook along with Cory’s insightful posts on his website.
Normally a stock and E-minis trader, I can’t wait to get my hands on this eBook to get some insight on Forex trading. For a novice Forex trader such as myself and many others, this eBook seems to be the way to go. A 5-step plan to implement your strategies and filtering information which is useful and not just the ‘common’ approach will definitely help my trading. Thanks Cory!
Valuable feedback Costas, thank you. Version 2.0 has an easier to follow, more step-like approach, but even so referring back to prior content may be needed. Therefore, before publication we’ll make sure the formatting is more appropriate for onscreen reading. Highlighting and/or bulleting is an interesting suggestion. Obrigado!
A bit late, as always, but I will finally send my comments. First of all, as a new trader I want to say that this is an excellent source of information gathered together. Risk management is a well covered topic and of great importance. The spread to pip potential was very helpful and new to me! I liked the chart pattern very much. Personally I would like the candlestick patterns to be more extended.
This is a big book. Many times I had a problem with navigation among the information or finding a specific topic or example that I had read. The titles and subtitles should be more distinct. For example, the subtitles had a smaller font then the text and they were difficult to find in a scroll. I guess that bulleting somehow or giving the opportunity to use the highlight tool during reading would be a great help.
Waiting for the 2nd edition.
The first release is no longer is available. The new edition will be available in a few weeks.
The new edition is more complete, has fixed some errors, made the strategies more clear and added some better ones. I will let you know when the new one is available.
The books take a lot of work to write, and are not freely available. The cost on the new book will still be a value for the information provided.
can some one please help me with a link to the first release or email me the ebook.
Thanks for your comments and feedback. To all: I have included many more “nuts and bolts” in the new version…best times to day trade (and how to determine this for each pair) and best times to put out swing trade orders, an expanded list of pairs to focus on for each trading style, how much money to start with (minimums and ideal) based on trading style, and of course more on risk management. Lots of other additions as well, including a 5-step method to bring everything together and functionally use it.
@Mike. I’ve changed the context of the “range bound” section and added in a strategy which works well in most pairs, but especially in the more “rangey” pairs like the AUDCAD and EURGBP…and could have been used on the big bounce we just saw in the GBPCHF. The strategy acts as a way to filter some trending trades, trade the first stages of a range, or catch a strong reversal.
As for an update on the release date: still looking at November 5, but may be a bit later than that so I can make sure everything is explained adequately.
I found the section on which pairs that were most likely to be range bound very helpful. Looking forward to the new ebook revision.
I found this book extremely useful. The book contains a wealth of information on the nuts and bolts of forex, great advice on money/ risk management, and a wide selection of strategies to consider. The strategies are discussed with a lot of practical information and detail to help real world implementation, such as how best to calculate targets, stops, best times of day and timeframes for particular strategies.Important characteristics of particular currencies are also discussed. The book also includes some useful reminders on the psychological pitfalls and the need for a realistic plan.
Good mix of strategies, and like Kelly mentioned, I’ve focused on just few along with money management. Looking forward to the updated and expanded edition to keep improving my trading!
I am a new trader and really appreciated reading Cory Mitchell’s Trading Strategies Guide. The money management section was quite informative and the numerous trading strategies were quite helpful. I am looking forward to reading the newly updated and expanded version!
I read the original ebook and am looking forward to 2.0. As a new trader I found that overall the book explained things quite well. There were lots of strategies to choose from, but ultimately I decided to focus on a few of the simple one since I am just starting out. The money management guidelines stressed throughout the book also made sense. So by incorporating those things, along with some tips from the book, I am starting to see some success 🙂
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FRISCO, Texas - A Integer Holdings Corp. divulgou nesta quinta-feira lucro líquido no quarto trimestre de US $ 54,3 milhões. Três analistas pesquisados pela Zacks esperavam US $ 361 milhões. O Integer espera ganhos para o ano inteiro na faixa de US $ 3,15 a US $ 3,45 por ação, com receita na faixa de US $ 1,49 bilhão a US $ 1,53 bilhão.
HOUSTON - A Comfort Systems USA Inc. divulgou nesta quinta-feira lucro no quarto trimestre de US $ 7,5 milhões. A empresa, sediada em Houston, disse que tinha lucro líquido de 20 centavos por ação. No ano, a empresa registrou lucro de US $ 55,3 milhões, ou US $ 1,47 por ação.
A Hercules Technology Growth Capital divulgou nesta quinta-feira lucro de US $ 18,4 milhões no quarto trimestre. A estimativa média de seis analistas consultados pela Zacks Investment Research também foi de 29 centavos por ação. Seis analistas pesquisados pela Zacks esperavam US $ 48,2 milhões.
* CEO Vladislav Soloviev para se tornar novo presidente. HONG KONG, 23 fev - O bilionário russo Oleg Deripaska pretende deixar o cargo de presidente da gigante do alumínio Rusal, informou a empresa em comunicado na sexta-feira. Como parte da reorganização gerencial, Vladislav Soloviev, diretor executivo da Rusal, se tornará presidente da Rusal.
MALVERN, Pa. _ BioTelemetry Inc. na quinta-feira relatou um prejuízo no quarto trimestre de US $ 15,6 milhões, depois de relatar um lucro no mesmo período um ano antes. A estimativa média de quatro analistas pesquisados pela Zacks Investment Research foi de lucro de 21 centavos por ação. Três analistas pesquisados pela Zacks esperavam 88,3 milhões de dólares.
* O ritmo de inflação do Japão em janeiro inalterado, o iene mostra pouca reação. TÓQUIO, 23 de fevereiro (Reuters) - O dólar caiu nesta sexta-feira após sua recuperação esta semana ter caído nos EUA. "O dólar vinha ganhando nos últimos dias e já era hora de algumas vendas emergirem, já que os juros dos EUA recuaram com os títulos do Tesouro. encontrar algumas ofertas ", disse Junichi Ishikawa, estrategista sênior de FX da.
Em talvez a mudança mais significativa prevista por Andrés Manuel López Obrador, o favorito para vencer a eleição de 1º de julho, o México tentaria acabar com décadas de exportação do petróleo em três anos, disse um legislador que Lopez Obrador foi seu futuro ministro da energia. uma entrevista. Em vez disso, o México deve voltar seu foco para os combustíveis de valor agregado, processando o petróleo bruto.
23 de fevereiro - A fabricante de produtos eletrônicos japonesa Sharp retirou ações legais para impedir que o Hisense Group, da China, venda a televisão na América do Norte, informou o jornal de negócios Nikkei nesta sexta-feira. Em setembro, a Comissão de Comércio Internacional dos Estados Unidos concordou em investigar certos dispositivos habilitados para Wi-Fi e suas partes, depois que a Sharp acusou a Hisense de infringir a sua.
RENO, Nev. _ Tahoe Resources Inc. na quinta-feira relatou uma perda no quarto trimestre de US $ 18 milhões, depois de relatar um lucro no mesmo período um ano antes. A estimativa média de quatro analistas consultados pela Zacks Investment Research foi de uma perda de 1 centavo por ação. Esta história foi gerada pela Automated Insights usando dados da Zacks Investment Research.
FRANKLIN, Tennessee - A Healthways Inc. divulgou nesta quinta-feira lucro líquido no quarto trimestre de US $ 8,5 milhões. A estimativa média de seis analistas pesquisados pela Zacks Investment Research foi de ganhos de 32 centavos por ação. Cinco analistas pesquisados pela Zacks esperavam US $ 138,3 milhões.
Apesar da força na economia do Japão, a maioria dos analistas prevê que o banco central manterá uma parte essencial de sua política monetária super fácil - a meta de longo prazo de rendimento de títulos - a zero por cento ao longo do ano, segundo pesquisa da Reuters. mostrou na sexta-feira. Mais da metade dos economistas também disse que 110 a 114 ienes por dólar era a taxa de câmbio ótima para o Japão.
TÓQUIO, 23 fev - A principal inflação do consumidor no Japão foi estável em janeiro ante o ano anterior, sinal de que o fortalecimento da economia ainda não levou as empresas a elevar os preços, um desafio que os formuladores de políticas ainda precisam superar apesar dos anos de estímulo maciço. Enquanto a inflação esteve ausente ou morna em muitas economias avançadas nos últimos dois anos, apesar de um renascimento.
VANCOUVER, Colúmbia Britânica - A SSR Mining Inc. divulgou nesta quinta-feira lucro líquido no quarto trimestre de US $ 16,9 milhões. A empresa, sediada em Vancouver, Columbia Britânica, disse que teve lucro de 14 centavos por ação. As ações da SSR Mining caíram 5% desde o começo do ano.
NEW YORK _ Leucadia National Corp. on Thursday reported a fourth-quarter loss of $270.4 million, after reporting a profit in the same period a year earlier. On a per-share basis, the New York- based company said it had a loss of 74 cents. For the year, the company reported profit of $171.7 million, or 45 cents per share.
LONDON, Feb 22- One reason the cobalt price has gone supernova over the last year is the realisation that not only does most of the available supply come from just one country, the Democratic Republic of Congo, but a good part of it comes from artisanal mines. The World Bank estimates that artisanal mining, by small cooperative or family groups, employs some 40.
STOCKHOLM- Swedish Central Bank minutes of its monetary policy meeting will be published 0830 GMT. NEW YORK- Federal Reserve Bank of New York President William Dudley and Federal Reserve Bank of Boston President Eric Rosengren participate in a panel to discuss a U.S. Monetary Policy Forum report on the Federal Reserve balance sheet before the 2018 U.S.
Federal Reserve Today in Washington. 23- Feb Italy Zero-coupon/BTPi auction 26- Feb Italy Bills auction 27- Feb Japan Auction of 2- year government bonds 27- Feb Italy Medium-long term auction 27- Feb Belgium Auction of Treasury bills 28- Feb Germany Auction of 10- year Federal bonds 28- Feb Sweden Auction of Treasury bills. 1- Mar Spain Bond auction 1- Mar.
COVINGTON, La. _ Globalstar Inc. on Thursday reported a loss of $22.6 million in its fourth quarter. On a per-share basis, the Covington, Louisiana- based company said it had a loss of 2 cents. For the year, the company reported that its loss narrowed to $89.1 million, or 8 cents per share.
PEMBROKE, Bermuda _ James River Group Holdings Ltd. on Thursday reported fourth-quarter profit of $224,000. The Pembroke, Bermuda- based company said it had profit of 1 cent per share. James River Group shares have declined almost 4 percent since the beginning of the year.
DENVER _ RE/MAX Holdings Inc. on Thursday reported a fourth-quarter loss of $3.5 million, after reporting a profit in the same period a year earlier. The Denver- based company said it had a loss of 20 cents per share. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 46 cents per share.
May 9, 2016 -For Anyone Who Hasnt Heard of the Markets (Newbie Series)
I, Faceless Trader, was asked to make an article for newbies – to anyone who has never heard about the stock market in the first place. To me, this is a very difficult thing to do as I might not be able to relate well but I will do my best to give you a big picture understanding of the markets without boring you nor assuming too much.
The concept of trading is not hard to understand. Number One Rule: Every transaction involves a buyer and a seller. You can easily see that whenever you’re going to a supermarket ( a modern day public market) or simply a wet market. You’re the buyer. Someone else is the seller. The shop keeper gives you a price. You haggle if there’s tawaran. (That’s called bidding – since you’re trying to get the lowest price). She’s also making tawaran (since she’s asking if you can pay a certain price as well). Both of you haggle onto each other until you both decide – acordo. That transaction is a perfect example of TRADING. A Transaction between a buyer and a seller. 🙂 Perfect.
Pergunte & # 8211; Seller Side.
Concept Number 2: Prices Don’t Stay The Same. It Changes.
Did you notice that whenever it’s Valentines day or Mother’s day that the prices of flowers significantly goes up? I know you know why. It’s simple isn’t it? We all decide to buy flowers for our special loved ones all at the same time so the increased demand allows the seller (the flower shop keeper) to raise the prices and we will still buy until it’s so expensive that we cannot afford any longer – and we resist.
This concept that we know in real life is the same thing in Trading. You will notice that there are days when a significant number of buyers wants to buy roses (in the trading world, we call these roses as stocks in general) all at the same time and those who have the roses can easily make a profit by simply placing a 5% profit spread. Sometimes 10%, sometimes 20%, 30%, 50% and so forth. The Regulations committee however in the Philippines rules that the owners cannot raise prices beyond 50% at least for the day. In other markets, there are no such things as limits to how high or how low the prices can become. In the Philippines, it’s a maximum drop of 50% or a maximum rise of 50% only in a given day no matter how many wants to buy or sell.
The concept of “RESIST” is something I need to expound upon. We “RESIST” We fight!. We Hate. This is the “ceiling” preço. This is a price where nobody wants to buy any longer. After some time, no matter how much we want to buy roses for our loved ones, if the seller is absurd and will only sell us roses for a hundred thousand pesos, we will not buy.
You would be surprised that in history, a different flower called “TULIPS” actually fetched a price as high as TEN TIMES your salary as a skilled craftsmen. Amazing fact! If you wish to learn more, I think you should check out these damn interesting things that happened in our history. In fact, even after 400 years, we are still experiencing these “market manias” that inspired plenty of crashes afterwards. Whether you’re new or not, you need to understand that there are times when EVERYONE WANTS TO BUY ROSES or TULIPS during 1637.
Here’s an excerpt from Damn Interesting Facts. damninteresting/the-dutch-tulip-bubble-of-1637/
One particularly amusing exchange showed the goods traded for one bulb – the lengthy list includes among other things: a bed, a complete suit of clothes, and a thousand pounds of cheese. At the height of the mania, in what seems a complete loss of sanity, the bulbs were deemed too valuable to risk planting by their (formerly) wealthy purchasers, and it became popular to display the plain ungrown bulbs. In at least one instance the plan for safety backfired when a visiting sailor mistook a tulip bulb for an onion, and proceeded to eat it for breakfast.
The height of the bubble was reached in the winter of 1636-37. Tulip traders were making (and losing) fortunes regularly. A good trader could earn up to 60,000 florins in a month— approximately $61,710 adjusted to current U.S. dollars. With profits like those to be had, nothing local governments could do stopped the frenzy of trading. Then one day in Haarlem a buyer failed to show up and pay for his bulb purchase. The ensuing panic spread across Holland, and within days tulip bulbs were worth only a hundredth of their former prices. The tulip bubble had burst.
You learn plenty of concepts here.
Concept Number 2: People Buying Goods ALL AT THE SAME TIME increases demand for the good and hence the seller can raise the prices. Prices for these goods rise. However at some point, there is a price where everyone RESISTS and stops buying. We call that price a RESISTANCE. That’s the TOP. That’s the highest price it can go.
Concept Number 3: Rising Prices Begets Mania and Generations Show Absurdity ALWAYS Happens.
When people buy all at the same time, prices rise and it can all happen in a sudden causing extraordinary rises in prices further inducing the mania. People in 1637 have traded tulip bulbs to as high as $60,000 so there’s no such thing as too high a price UNTIL no one else buys – and you see a CRASH. It’s important to note that as long as there is a buyer, no matter if the price of a tulip bulb may be EXTRAORDINARILY absurd, there’s no such thing as an absurd price when there’s a buyer. Intiendes? 😀
Because people are always trading goods every day and the prices change every day, some people felt it was tedious to write in a blackboard the prices and came up with a more visually appealing manner. You’d learn that the point and figure charting history was Xs and Os because it became quite a task to take note of the prices of so many things all at the same time. Basically Charts were created FOR CONVENIENCE sake. Obviously a visual representation of data makes it easy to see if the prices are going up or going down or staying constant. Now you learn Concept 4: Charts are Used Simply to Check if Price Goes Up, Down or Sideways.
History shows many visual representations of price movements. Some use a timeframe of how the prices moved in a day, in a week, in a month or in a year. However, some people put a great deal of time in looking at how prices move in a single minute, in five minutes, fifteen minutes, an hour and so forth. Concept 5: A Chart is a Visual Representation of Price Changes and Must be Evaluated in Different Time Frames.
Perhaps people also realized that if there were millions of people buying roses for 10 pesos a piece, that this transaction volume is worth analyzing versus one person buying a tulip bulb for P2.5 million apiece.
Concept 6: A Transaction Between MANY BUYERS AND SELLERS (Volume) is a more believable transaction versus a transaction between One Buyer and Many Sellers. Analyzing Prices without Analyzing Volume is useless unless the market for that good is ALWAYS trading at very high volumes such as the currency market. You’d realize that if the average trading volume for a certain rose is always just 40,000 versus other roses that trade in millions that it’s difficult to find a buyer when you’re selling. When it’s difficult to find a buyer, you’re forced to sell low. However, when there’s scarcity and only 40,000 of you who have that rose and there are millions who’d like to buy those roses, you can easily sell it extraordinarily high because you’re the only person amongst the other 40,000 who’d like to lose the rose for a price of a hundred thousand pesos.
We touched on Concept 7: Liquidity Refers to the Abundance of Volume for the Transactions Taking Place. The More Liquid – The More Difficult to Cause an Extraordinary Rise and Fall in Price.
The stock market is your normal neighborhood. In our day and age, you don’t need to haggle with your shopkeeper. The shopkeeper is Philippine Stock Exchange. Every buyer and seller can trade goods online. To protect the integrity of the market, the shop keeper makes complete transparency of the volume of transactions done and the prices they are bought and sold. You won’t know if Aling Nena sold you the stock. You won’t know if Aling Nena bought your stocks. All you’d know is a transaction takes place. These things happen fast. There’s an average of 5-6 Billion pesos traded in a single day in the stock exchange comprising of multiple goods *stocks of companies*. Everyone has to pay the shop keeper the SCCT Tax when they buy or sell, they also need to pay VAT during selling. The lowest transaction rate in the Philippines for buying and selling any good is 1.09% no matter which tindero (brokerage firm) you go to.
Hope a newbie learned something ,
I’ll explain more stock market concepts soon as I’m going to do this for BookAKA to help illumine how the stock market works that will be easily understood by all our kababayans.
-FacelessTrader (for BookAKA)
May 7,2016 – Getting the CMT designation – One Thing I Did Right.
I have done many mistakes in my life. But I am thankful that one thing I didn’t do wrong was pursue a worthwhile ideal – to take the Chartered Market Technician program and to finish it.
I have made plenty of mistakes in my life. I am backward financially because of this.
My losses have stemmed from being unable to cut a losing position when the size is an 8 digit figure. I have proven to myself that I am ineffective in the 8 digit realm and the less than 10% loss had blown up to 20%, 30% until I cannot recover it unless I wait in vain which is technically a bad strategy.
My losses from Cosco during 2013 (fundamentals cost me a fortune) then airlines (CEB) despite fundamentals again- undervalued Properties (GERI) in 2015; Gold stocks in 2016 (despite macro and world prices)
All of these have been rooted in my inability to understand that fundamentals will not save me. I need my fundamentals to align with the technicals. Or in other words; it’s futile end of the day to discuss earnings and growth or management or their dividends and billions of pesos. I had to learn the hard way. I have to learn in 8 digit figures way. I have to explain haplessly that we will recover. It is a difficult thing but we will recover if not stocks ; then businesses or forex but with a strong discipline of what works in the market. Unfortunately we have proven this to ourselves – trading or investing – is based on reasonable expectations and risk management.
A strong growth company doesn’t equal a solid growth stock.
I have had to learn that in the Philippine market for the past three years is a momentum driven market with the very catalysts of speculative disclosures and hear says and strong money flows as the most important criteria. I have learned that buying new highs no matter what that stock does would have saved me. Even if I never understood a single thing of what that stock did. That the Philippines is a basura led market when it comes to outperformance and that’s the truth; whether I like it or not.
I understand technicals. I know moving averages and charts and retracements. I took a course just to prove to myself that I truly understand these technical jargon and I took the test and the essays just to prove to myself that I know what I’m doing. And more and more ; I had to define my investment philosophy.
1.) owning stocks during a bear market is akin to financial suicide.
2.)investors must realize that “blue chip” stocks will not recover over the long haul. Even after 7-8 years after the 2008-2009 bear market; some stocks will not recover. A 20-50% loss in a casino stock like PLC or Bloom or Melco will not be solved because you waited 5 years. Não vai. It only recovers when a catalyst happens ; that changes the relative strength of that sector – when money flows into that sector- happens. So if you think that in between the 5 years; a catalyst happens- then that’s the buy and hope strategy and that’s what it only is.
A person who has GERI at high prices above will not recover even when the stock presents undervaluation extremes unless Andrew tan did something for the price action.
Fundamentally undervalued stocks don’t go up by itself. Yes we can argue holding on to it because the recurring income has grown 70% yearly. Yes we can argue buying it due to the value and opportunity it presents but note that 5 years time An equally undervalued asset like Shangrila has never went up even when its assets are also very much undervalued in the stock market versus the market prices.
A company reporting 400-500% growth in net income and even if that can be sustainable within a larger base versus the past years – does not guarantee a strong trending stock. This is hard truth to all academics and why the CFA sometimes isn’t as important when given context to the Phil market – a stock that can grow its earnings per share doesn’t guarantee a strong stock price. It took 3 years for people to look at TA. It might take 3 years for people to understand the undervaluation of CEB. By then; you’re dead and better off with your business that can earn 15% or more.
A person holding AGI or RWM or MEG should not think that their losses will be erased after 5 years. Não funciona dessa maneira. you need momentum to drive that value. Without it; your negative loss will never recover by itself. And note that these companies reported earnings year on year. Rwm is the only casino that has not lost money but it had a similar fate. 80% down like all the casinos.
I could blame the myth of the rational market or theories or I could only blame myself.
I could say that – there should be a strong correlation that rising gold prices and fears of a collapse in markets should benefit gold stocks. Unfortunately; as long as traders see the seller FYap, or if they see the 30 cent resistance – maybe even a $1340 or $1,400 gold price doesn’t guarantee a rise in gold stocks. The correlation of gold stocks in the Philippines versus that in the US gold miners is negative. The theories and the academics are dumbfounded. It’s only the candlesticks that matter. It’s only the moving averages that do.
I could say that – there should be a strong relationship that higher earnings should lead to higher stock prices. But I can give a solid compelling argument that it’s not true based on evidences. The previous decade must have believed in fundamental investing but the current decade is decided by trends and just that. Momentum and money flow whether validated or not is all that is important.
The reality? Maybe yes. Maybe not.
Maybe in between.
My conclusion why getting the CMT is the best decision I did was because I finally realized that a true technician. A purist as they call. Is the only true reality.
Even the other technicians who are also chartered financial analysts would attest that if the stock fell below the 200 day moving average – no matter the great assets; no matter the earnings growth – they will do what technicals would merit them to do; avoid that stock at all costs.
One thing I believe in ; only when there is a strong relative strength and that it is a leader in that given industry – and shows a reason to be bought (think why PF is being bought for instance) do you consider the ramifications of that decisions.
The only truth – pare as perdas.
Volatility stops; average true range stops. Key support and resistance stops. Recent pivot lows, 8% max loss. 20/50/100/200 day moving averages and profit taking stops. Those are the only rules to live by.
News and earnings – these are only for your screeners and are only parameters to check if people would buy or sell due to that.
Also ; buying stocks on pullbacks provides better risk reward than buying breakouts.
Kiss the channels.
Get the retracements.
Avoid the breakouts.
& # 8211; Faceless Trader ; CMT.
April 23,2016- Book Review : The Responsible Trader.
First and foremost ; let me place a disclaimer. I, representing BookAKA, has a clear bias (thus conflict of interest) in supporting TRT’s work as we have him enlisted both as a free and premium sentiment contributor inside the website and mobile application BookAKA.
With that conflict of interest stated in the first place; let me share to you what I’ve learned upon evaluating TRT’s work.
This book will only be suitable for those who have no idea of charts and technical analysis. If you’re already using indicators and are fairly adept in using your own trading system; maybe this book is not for you.
Looking upon the references ; TRT has essentially summarized most of the important trading legends and their technical analysis books and incorporated it into what he calls the “TRT system” so the book reads more like a manual to me about what their system is.
What to expect : this book is more encyclopedic and text book in nature. It summarizes a lot of technical analysis principles which will suit a student who has next to zero idea of what technical analysis means. However( someone who already charts everyday; and makes his own analysis; might find this quite redundant in one’s learning as you may be aware already of the principles and contents inside.)
I’d list down the book’s strengths :
The strength is that TRT can take all the most famous chart patterns written into a text book summary fashion which will help anyone who’s still lost and hasn’t heard of John Murphy; Martin Pring. Someone who doesn’t have the time to study 5-10 technical analysis books in depth can thus use this more as a reference guide.
The book reads more or less like a manual of what Alfredo Miguel uses in his own trading system. His journey as he reached 64 is one of the motivations and the lack of Philippine examples of tech analysis books is what led him to write.
More than anything ( the main strength of the book is that it’s a reference manual.) what i find lacking in the book is Alfredo Miguel’s personal insights on why he uses certain indicators more or less. There’s a section on fundamentals but it’s also more on the basic side.
Although he had given many technical examples using Philippine charts; I think much more chart examples could have made the book better so that the traders can fully appreciate the indicators that he talks about. The weakness is that because he is covering everything – he cannot talk in depth about each as much as he could. I guess what we can say is that the book encompasses all technical principles that’s why there’s not much time given to illustrate why the indicators work well and so forth.
He also cited a worksheet to help the traders generate low risk high probability setups by making trading plans according to evidences – a term he coined from David Aronson –
The book is currently for sale at php 1,000 but can also be purchased combined with his annual premium sentiments inside Bookaka for more “responsible trader” guidelines for php 2,000 a year (inclusive of the book already.)
I’m keen on only recommending the book to those who are new to trading or those looking to brush up their basics on the markets as Mr Alfredo Miguel really can be seen as an adept teacher when it comes to giving lessons on being more rules-based in entering and exiting trades.
At the heart of it all; it really shows to me the academic man in him. So instead of asking TRT what his system is ; then just read the book since that’s what it’s all about.
April 20 2016 – Day Trade Idea: GBPJPY.
I figured that posting my trade ideas here like a normal trading journal will help me better.
Given that GBPJPY is a highly correlated asset with any sentiment on $SPX500 and $USDJPY. I’m also biased on shorting the $USDJPY given its recent inability to move beyond 109.7.
To manage the risk, I’m essentially just going to trade one pair and place stop given above levels and rationale.
April 19, 2016 – Have We Finally Topped Out?
A few market observations to note:
Since March 21, 2016 – we haven’t had a really strong direction except a consolidation. After hitting 7412, we drifted sideways. While there was a move towards another peak on April 14, 2016 – it failed and we fell 200 points since then.
Meanwhile since March 21, 2016 – April 19, 2016.
We evaluate price performance of PSEI stocks since then:
In this “month-sary” we can see where the best price action came from:
$CA, $NOW,$IMP – more than 100% gains in a month.
$BRN,$VITA,$CPM,$PF,$ISM,$ALCO,$FNI all above 30% gains versus the highs made when index hit 7400.
Collectively, the only positive movement defying the index sideways action were third liners. Save for a few second liners such as $X,$COSCO,$LPZ,$RRHI – most issues never went above 10% this entire month.
Also, the most sold down in the market have been gaming with $BLOOM and $MCP dropping 20% so far, not far from this list is $PLC which has a 9% drop. We notice that amongst index names, $DMC is the worst dropping 9%. $ION which has lost its love also down 13% since the last month. Gold stocks oversold with $LCB,$LC, dropping 15% and $PX also down 10%. $AT also down 8%. We also note that $PXP fell 17% in this time span.
So in one snapshot, we can easily see the market was dominated by a few third liners and went selling spree on gaming, mining and previous love affair $ION.
$CAL,$ARA – are a few of the third liners that have not joined the highfliers in its third liner space.
How do we spell this phenomenon? With S&P 500 going higher and now printing 2100, the Philippines has not followed the new highs being printed in S&P500 suggesting it’s weaker than the US markets. In the $USDPHP chart as well, we note that the dollar has been strengthening with a rising RSI (10 day) despite the sideways movement of the USDPHP. Even if we simply make a support resistance line, we can see that there are limited gains for the Philippine peso given the strong appreciation at the 45.85 level (a technical target from it’s previous 47.85 vulnerable level when panic first started)
Assuming mean reversion, we then have to assume USDPHP will move back near its possible 46.85 median in the next 4 months suggesting a higher risk for equities to fall with low participation in index issues on any advance.
Perhaps what would concern most investors is that foreign flows have started selling.
The advance decline shows us a picture where there are more decliners amongst issues and only a FEW handful of issues going up. As the market condenses into just a few issues going up, we can then observe that we have a thinning market and are ripe for correction.
Compare the number of decliners in each day – it is rising. The one thing to note is that we don’t have foreign buying. In fact, as of April 19 2016 – we have a net foreign selling of Php 706,752,162.
What’s more concerning? 2015 Annual Reports have shown unexciting earnings reports.
Here’s how headline news for most earnings look like:
1.) Gaming Sector – Billions of Pesos of Losses.
(It’s no wonder they’re not being picked up by the market, as they have failed to show anything but losses.)
a.) Melco Crown Philippines (MCP), the local unit of Macau-based Melco Crown Entertainment Ltd., widened its net loss from P6.3 billion in 2014 to P9.1 billion last year, dragged by a net loss of P3.1 billion in the fourth quarter.
b.) Bloomberry -P3.38B Loss in 2015.
Bloomberry Resorts Corporation, owner and operator of the Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported an audited consolidated net loss of P3.38 billion in 2015 from a net profit of P4.07 billion in 2014.
In a disclosure to the Philippine Stock Exchange (PSE), Bloomberry said this is inclusive of the P998 million loss from its Korean operations.
The main drivers of last year’s loss were the large increases in depreciation and amortization from Sky Tower as well as higher interest expenses from additional loan drawdowns made during the year.
c.) Resorts World (profitable but down 26% yoy )
LISTED Travellers International Hotel Group Inc., the operator of Resorts World Manila (RWM), said its net income dropped last year due to foreign exchange losses incurred during the period.
In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, the partly Andrew Tan-owned hotel and gambling unit said net profit declined by 26 percent last year to P4.01 billion from the P5.44 billion realized in 2014.
“The company focused on building a base in 2015, particularly in the mass and premium mass segments. Operating costs were controlled as the company remained profitable even as revenues declined,” Travellers said in its statement.
2.) Telco Sector – A tale of two different companies.
$TEL slides the most in its past 17 year history after showing a very bleak outlook for its next 3 years as it tries to shift and transform in the digital age.
$GLO meanwhile has stepped up all its efforts in ever expanding their capacity networks and is seen to hold more market share growth as years pass by. No wonder it has been able to sustain its 34% runup from its lows (1600-2150). It was a matter of faster data needs and Globe at least has delivered on this front.
Excluding Bayan’s results, Globe’s net income and core net income jumped 22 percent and 5 percent, respectively from 2014, the company said.
Globe said it recorded consolidated service revenues of P113.7 billion last year, or 15 percent higher than the previous record of P99 billion in 2014.
“We made history again in 2015 as Globe delivered a banner year, closing 2015 with record revenues, Ebitda [earnings before income, tax, depreciation and amortization] and net income. We have proven year after year our strong commitment to create and deliver value for our customers and shareholders. Our latest achievements continue to motivate us to be more efficient, focused and ready to take on new challenges in the years ahead,” said Globe president and chief executive Ernest Cu.
“As we foresee an increasingly challenging competitive landscape moving forward, we will continue to strengthen our leadership in the digital space, gearing all our efforts toward uplifting the state of Internet services in the country and fortifying the Globe brand as a whole to be the customer’s first choice for all their data needs,” Cu said.
3.) Consumer Sector?
EARNINGS of Universal Robina Corp. (URC) increased by nearly half in the first quarter of its 2016 fiscal year, on the strength of its branded foods segment and foreign exchange gains.
Jollibee 2015 earnings dip 10% on store openings, higher costs.
The homegrown fast-food giant pocketed P4.81 billion last year, down by a tenth from P5.36 billion in 2014, JFC said in a disclosure to the stock exchange yesterday. In the fourth quarter alone, earnings were halved to P948 million from P1.72 billion.
Weighing on bottomline was P1 billion in short-term costs associated with information technology upgrade, increase in network development organization, the acquisition of American burger chain Smashburger and added supply chain and logistics costs — necessary investments to boost the company’s growth, JFC Chief Financial Officer (CFO) Ysmael V. Baysa said.
Without these extraordinary costs, operating income would have grown by 20.9% in the fourth quarter and 4.8% for the full year, while net income attributable to equity holders of the parent company would have increased by 8.2% in the October to December period and 7.8% for the entire 2015.
c.) $MAXS – Back in the Black.
“The results validate a complete turnaround of our business. From a transformative period in 2014, we have successfully transitioned to the growth phase. We are confident with our strategies to sustain this trajectory in the coming years,” MGI President and CEO Robert F. Trota was quoted in the statement as saying.
MGI said restaurant sales climbed 6% to P8.59 billion in 2015, driven by the opening of 85 company-owned and franchised outlets across its brands, Max’s Restaurant, Pancake House, Yellow Cab Pizza and Krispy Kreme. MGI had a network of 588 stores, including 35 overseas, as of end-2015.
D&L Industries’ recurring net income reached P2.29 billion, or earnings per share of P0.32, in the full year 2015. This is 12% higher than the same period last year. Earnings before interest and taxes were higher by 13% year-on- year at P2.90 billion. Revenues were down 5% from last year.
e.) $PF – San Miguel Pure Foods Co. Inc. (PF.PH) saw net profit jump 24% on year to 4.8 billion pesos, even as its revenue rose only 4% on year to 107 billion pesos.
Brightest spot in this arena comes largely from the branded value added group which caters to most fastfood chains such as KFC,JFC,Wendy’s and convenience stores such as Family Mart, 7-11 and Lawson amongst others.
Retail Sector – Shining Brightly for the Consumer Staples.
a.) $PGOLD,$COSCO – 10% ,12% growth respectively – P5B and P4.5B in profits.
EARNINGS of billionaire Lucio L. Co-led Puregold Price Club, Inc. climbed by a tenth on robust consumer spending, as same-store sales growth accelerated to its fastest pace in four years.
At end-2015, Puregold was operating 298 stores nationwide comprising of 255 Puregold stores, 10 S&R Membership Shopping stores, 16 S&R New York Style Pizza stores and 17 stores of NE Bodega and Budgetlane Supermarket that were acquired during the year.
This year, Puregold is eyeing to increase net sales by 12%-15%, driven by the 3% and 4%-5% growth in same-store sales of Puregold and S&R outlets, respectively. This will also be boosted by the opening of 25 new Puregold and two S&R stores as well as the full-year contribution of NE Bodega and Budgetlane Supermarket.
b.) $MRSGI -20% growth.
NEWLY listed Metro Retail Stores Group Inc. (MRSGI), the largest retailer in the Visayas region, said its net income in 2015 rose 20 percent from a year earlier to P758.6 million, boosted by its expansion efforts starting last year.
c.) $RRHI – 22% growth – P 4 Bil income.
Robinsons Retail Holdings Inc. said Tuesday net income jumped 21.9 percent in 2015 to P4.34 billion from P3.56 billion in 2014, on positive same-store sales growth and contribution from newly opened stores.
Robinsons Retail said in a disclosure to the stock exchange consolidated net sales hit P90.88 billion last year, up 13 percent from P80.40 billion in 2014.
The retail holding firm of the Gokongwei group said it opened 179 new stores in 2015 to end the year with a total of 1,506 stores. The opening of new stores expanded the company’s gross floor area by 9.7 percent year-on-year, it said.
The company said it registered same-store sales growth of 4.1 percent in 2015, higher than the 3-percent consolidated same-store sales growth target for the year.
Robinsons Retail said in the fourth quarter, consolidated net income attributable to equity holders of the parent company grew 12.7 percent to P1.37 billion from P1.22 billion last year.
d.) $SSI – The lone loser in the group – strong competition from H&M & Uniqlo hurting them and tighter gross margins ahead.
SSI saw its first profit decline in five years in 2015 amid rising competition and the need to match price discounts of rival brands like Hennes & Mauritz AB’s H&M and Fast Retailing Co.’s Uniqlo clothing chain. Net income fell nearly a fifth even as sales hit a record. Last year’s profit margin shrank to 53.5% from 56.1% the previous year, Mr. Huang said.
4.) Transportation Sector: – Glowing Earnings – due largely to low oil prices.
a.) $CEB – mb.ph/cebu-pacific-quadruples-net-income-to-p4-4-billion-in-2015/
Robust passenger and cargo revenues coupled with lower operating expenses boosted Cebu Pacific (CEB)’s net earnings by 414 percent to P4.4 billion last year.
The airline’s passengers now number over 125 million since its inception – “a testament to our commitment in enabling everyone to fly, through our extensive and most affordable flight network.”
In 2015, CEB flew a total of 18.4 million passengers, up 8.9% from the 16.9 million passengers flown in 2014. The record numbers boosted passenger revenues to P42.7 billion, an increase of 6.2% year-on-year .
Notable Small Cap Stocks.
2.) $VITA – profitable again.
“The company has significantly increased 2015 sales to P3.445 billion from P2.366 billion in 2014 by intensive marketing, introduction of more food products, improved formulation technology for its feeds products and tolling operational partnerships,” Vitarich said.
The food segment, which involves production and distribution of chicken broilers, saw a 54% increase in sales to P1.22 billion due to increased turnover of poultry volume.
The feeds segment, which involves manufacturing and distribution of animal and aqua feeds and other products, reported a 30% jump in sales to P2.05 billion. Sales from the farm segment rose 23% to P164 million, driven by better supply of day old chick volume.
Conglomerates, Properties, Banks, Power, Oil and Mining – not included in this report – there were a handful of strong earnings from some of them, with some showing good earnings outlook for the 2017. – next post for a summary –
I guess just simply reading headlines would tell you that not all stocks that have risen can sustain their run-up. If their earnings cannot match their rallies, they’re likely just going to retest their recent lows of January 2016.
Nevertheless, some stocks despite negative earnings in 2015 could have seen their lows as prevailing prices for some commodities as well as oil have been increasing.
Nickel prices have started to stay above $4/lb.
Oil prices as we have been watching – are trading between 36-42 this past month.
Nickel prices worldwide seemed to have bottomed out judging from this chart. While it can stay sideways for still a long time , at least we see higher lows forming for the commodity.
Gold may be trading sideways but still above all the moving averages and between 1220-1260 in the past month. Negative yield rates continue to benefit the said precious metal.
Pierre Lassonde writes more about this. valuewalk/2016/04/gold-the-investment-you-never-knew-pierre-lassonde-slides/
*****- Short note – with the recent drop of $LC at 23 cents, it would be useful to note that 20 cents held as a company’s support during a stock rights offering last 2014 and with a pending 19.8 Mil ounces of gold under Far Southeast – best to be seeing the company more as a bet on the FTAA license. If you’re stuck with it, you’re better off just holding on to it with most alternatives in this market – unappetizing –
Recall the following:
“Gold Fields recognizes the positive results of the ongoing due diligence studies in the Far Southeast project. Our acquisition of the 40-percent stake, pursuant to the terms of the agreement, reflects our commitment to the project, the Philippines and the host community. Gold Fields looks forward to the acquisition of the remaining 20-percent stake upon the issuance of the FTAA,”
Also this one – on why sometimes it makes sense to buy an uneconomic gold company –
Despite the failed Doha talks, Oil has traded in a sideways fashion although below 42.
Jan 6,2016 – Month 1 for FX with Metisetrade.
Images below are actual trades.
After all that’s said and done – 300k ends with 316,500. But the beauty of the journey is on how that destination even came to be as one month proved many learning experiences even if it was still just a month. The key is really consistency since we would be trading larger eventually so it must be on the process rather than just an oversized trade and getting lucky with it.
What you’d notice is that my initial trades were probably buena Mano ; made around 50k realized in just two to three days on a 300k account ; this overconfidence of having successive gains even with only small positions led to me blowing up a loss of 36k after 2 days. I felt I could afford trading large. That of course was a mistake.
Since then ; I reorganized and told myself I will not trade prior to any data release – and keep trading small because as long as I limit losses to 4000 or 5000 maximum and make gains hopefully 10,000 or anything above 5000; I can grind it back up to even.
My responsibility was keeping losses small and just to reenter if I get stopped out. Most of the large gains were of the “add on winners types.”
Also learned that concentrating and focusing even just 3-4 hours in a day of forex would be enough for my trading style of day trading and scalping.
Also I learned that the best trades are during afternoon and night time so in the morning ; I’ve rectified to myself not to trade so much since most are just sideways unless there’s breaking news.
I know I could do better and there are so many opportunities to make money in forex. So many ways to wipe you out as well if you don’t respect your stops and position sizes so until I make this account at least 50% up which is my goal ; I will be grinding and grinding upwards.
There are days I lose 10k (2-3 consecutive trades of 3k losses) I stop trading for the day unless a clear setup really presents itself.
Also noticed that when I make 10-15k gains ; I tend to do “charity trades” which I should lessen.
All in all ; I’d keep updating and will share the portfolio journey even as I top up and go larger. Obrigado!
By the way ; forex traders can join our mini chat group for free – it’s a metisetrade fx group mostly with other traders who help each other find setups all throughout the day 🙂
Let me know too how I can help by commenting below.
Jan 2, 2016 – The Risky Business of Love.
There are no safe investments, but we invest anyway. Because heartbreak is transient, but regret is eternal.
November 14, 2015 – SSI Tanks. Permanent Problem on Inventory Level Build Up? Will we see a 50% downside after a 70% decline?
$SSI 3Q15 Earnings disappoint – a hiccup or a secular bear market to department stores and retailers? Are we facing a decelerating margin? Everything’s bad news. Is nobody shopping anymore? It is undeniable that there are valid bearish concerns for this specialty retailer.
9M15 seems to be showing us a new norm. Sales fortunately went up at 17% YoY justifying their expansion of 114 brands. However, gross margin fell from 56.3% to 53.1% thereby affecting the net margin to fall from 6.7% to 5.9%. The company needs to manage their operating expenses more efficiently.
A look at their sales data shows Fast Fashion being the largest contributor of the net sales growth. Fast fashion refers to the likes of Zara, Stradivarius et al showed a huge increase generating a P4.3B sales versus a P3.6B sales a year ago. It is a good thing to see that despite the ailing woes of a possible lessening of consumer discretionary items that their Luxury sales segment still rose albeit very little from P2.2B to P2.3B. The sales number was overall a good picture as every segment rose. Notable rise comes from Shoes as well P1.7B sales versus P1.4B.
We see a P130Mil loss in the “other income.” The increase in other charges is attributable primarily to increases in interest expense and the Company’s share in net losses of joint ventures. Interest expense increased to P224 million from P194 million during the year ago period, while the Company’s share in the net losses of the FamilyMart, Wellworth and Landmark joint ventures increased to P164 million compared to P117 million during the same period last year.
While these joint ventures are increasingly net positive to SSI in the long run, investors should wait 3 years before these “other income” charges lessen as economies of scale particularly to the Family Mart convenience stores will need 300-400 stores. The company currently has 113 convenience stores.
Another key factor that concerns many investors is the ballooning net debt position of $SSI. Shown above is an increase of P1.6B in its total debt position. It now has P8.9B debt! This will further be detrimental to the company if inventory build up keeps worsening forcing the company to aggressively make more discounts.
Merchandise inventory as of September 30, 2015 was at P9.9 billion as compared to P8.0 billion as of December 31, 2014. Increases in inventory are driven by purchases for existing stores and new store openings.
SSI’s inventory rose by 25% year over year as sales only went up 17%, which is often a lethal combination to a retailer’s future profit margins as unsold items will have to be discounted. Weak third quarter sales, and a reduction in full year earnings guidance in part stemming from the company taking unplanned markdowns has forced $SSI shareholders to lessen their bullishness in the company’s margins.
I think the key lesson to make a bullish case on $SSI will not simply be valuations or P/E ratios for that matter as an oversold stock can continue to be an oversold stock. What would matter will be a better fundamental earnings report.
1.) Strong 4Q15 Sales – we need to see Fast fashion continue to deliver strong sales growth YoY.
2.) Stem the inventory buildup. If the company can show a faster inventory turnover (meaning faster ability to sell their goods), then the stock can fundamentally go back up and rebound sustainably.
3.) Lower operating expenses and lower the Joint venture interests. As much as I like Family Mart, I don’t think it is correct to continue expanding and bleeding shareholders on several joint ventures. Maybe it will be better to pace the business ventures since a P1.1Bil investment in several JVs will not be profitable in the near term.
4.) Lower interest expenses – Php8.9Bil debt is not to laugh at.
Nov 13, 2015 – Stock Price on 3Q15 Earnings = 3.91 (ALL TIME LOWS)
Hopes that the Rustan’s group who’s been able to manage many successful specialty brands over the years can address the concerns and mitigate the worsening margins over time.
Read the 9M15 Quarterly Report found in edge.pse.ph.
November 8, 2015 -The Best Filipino Owned Company Two Years Straight is … ?
In 2003 , nine individuals who later became the co-founders of Pointwest envisioned a Filipino icon in the global Information Technology and Business Process Management (IT-BPM) industry. They aimed to show the world the caliber of top Filipino IT talent.
Today, Pointwest Technologies Corporation is a leading 100% Filipino-owned service company with a proven track record in the IT-BPM industry. The company provides non-voice, higher-value services to Fortune 500 companies and a growing number of firms in the Philippines, New Zealand and Australia. Pointwest has continued to be profitable every year since it started operations.
Pointwest is a strategic IT partner for small to large enterprises who need to transform their businesses for the new digital economy. The company helps increase operational efficiency and enables innovation in selected industries such as transportation and logistics, healthcare, banking and finance, retail, gas, energy, media and entertainment, and the public sector. Majority of the company’s top accounts are Fortune 100 US companies, with the top two maintaining more than a decade of growing partnership.
Summary of Offering Details :
Offer: 417,000,000 common shares (278M- Primary; 139M -Secondary)
Offer Price: Up to ₱4.35 per Share.
Joint Issue Managers, Joint Lead Underwriters, and Joint Bookrunners: SB Capital Investment Corporation and Maybank ATR Kim Eng Capital Partners.
Outstanding: 1,653,000,020 (approx 25% of the company will be float)
Company Net Proceeds: approximately ₱[1,098.89] million.
Secondary Shares (Proceeds on Owners’ Pockets): approximately ₱[794.46] million, assuming full exercise of the Over-allotment option.
(FT Comment: Quite a hefty block of secondary shares!)
[83,424,000] Firm Shares are being offered to the PSE Trading Participants with [632,000] Firm Shares allocated to each of the 132 active PSE Trading Participants. [41,700,000] Firm Shares are being offered to local small investors (the “LSIs”) under the Local Small Investors Program. Remaining [291,876,000] Firm Shares (or approximately 70% of the total Offer Shares) shall be distributed by the underwriters to institutional buyers and to the general public.
In the last five years, the Company maintained a CAGR of 19.41% in net revenues and 11.91% in EBITDA . For the three years ended December 31, 2014, 2013 and 2012, and the six-month period ended June 30, 2015, the Company’s revenues amounted to US$31.3 million, US$28.1 million, US$25 million and US$17.9 million, respectively, while the net income ratio range from 15% to 19% . These figures were achieved through organic growth while maintaining a zero debt ratio.
The Company helps small to large enterprises meet their business goals and increase operational efficiencies. From three clients by the end of 2003, the Company has served a total of 71 unique small to large corporate accounts, of which 37 are currently active . Majority of the Company’s top accounts are with Fortune 500 U.S. companies, with the top two clients maintaining more than a decade of growing partnership with the Company. Among the Company’s major clients in the U.S. are Delta Airlines and JB Hunt Transport, while its roster of clients in the Philippines include Bank of the Philippine Islands, Bancnet, Globe-BPI BanKO, Social Security System and Department of Environment and Natural Resources.
The Company offers a wide variety of IT-BPM enterprise services to its clients namely software application development, software application maintenance and production support, independent software testing and business process management services. The Company considers itself as an emerging player in offering digital products and services in the areas of mobility, cloud and analytics . These services provide value by using technology systems to optimize the operational efficiency of the client’s business processes and through technology innovation contributes to the revenue goals of the clients.
The Company has been the partner of Delta Airlines since 2003 . Its partnership with Delta Airlines as the latter’s niche provider of IT services has supported the airline’s business by improving its operational efficiency. According to Delta Airlines, its self service kiosks reduced the average wait of passengers by as much as 45% in 2014. The technology innovations introduced by the Company in luggage handling management systems also helped Delta Airlines transport 121 million bags in 2012.
The Company also helped BPI-Globe BanKO (“BanKO”) since the latter’s inception in 2011 . BanKO introduced a mobile banking business model to revolutionize the banking industry and achieve financial inclusion by offering the first mobile phone-based savings bank that provides loans, bills payment, financing, and other banking solutions for the unbanked sector in the Philippines. The Company uses emerging technologies to help BanKO provide access to micro financial services to 68% of the households in the Philippines who remain unbanked and underbanked . BanKO has now more than one million account holders by building and maintaining their mobile banking technology platform that interfaces with BanKO’s strategic partners and vendors. The Company believes that the world is going digital and that digital technologies will increase global economic valueadded by about US$1.3 trillion by 2020. Digital economy means catering to the next generation of market needs driven by digital consumers, emerging economies and the digital way of doing business. Game-changing technologies such as SMAC are making digital transformation possible . The Company has made investments to position itself as an emerging player in helping majority of its clients in their journey into digital transformation by making their business and services easily available through different channels and customer touch points. The Company has established Centers of Excellence (“COEs”) in mobile, cloud and analytics as the center of research and development effort to design new digital services and development programs to equip the Company’s workforce with the necessary skills. In 2014, the Company created its own software product incubation space called “Pointwest Labs” to create highly engaging and commercially viable digital products. Pointwest Labs has successfully developed several products in various stages of commercial launch such as ARKO , which is a flood hazard and extreme weather monitoring mobile application that culls data from the Philippine Government’s Project for Nationwide Operational Assessment of Hazards (“Project NOAH”). ARKO has a free version for the general public who needs timely flood level alerts, and an enterprise edition for companies such as utility, energy and insurance companies that require hazard mapping and decision support systems. Aside from ARKO, the Company has also launched initial releases of four other digital products namely (i) Easimed , a suite of mobile applications and applications for the healthcare industry, (ii) Autoparq , a mobile application for searching parking spaces, (iii) EESY , a mobile application for engaging participants during events and conferences, and (iv) Centerpoint , a web-based service management application with mobile component for service request fulfillment services. The Company believes that it has a globally competitive talent pool in the Philippine IT-BPM industry, as attested by the size of enterprises that they service. By introducing an employee competency-based human capital management framework, the Company has grown its resource group of nine in 2003 to 1,186 as of June 30, 2015. The Company’s talent pool consists of skilled and experienced IT professionals which include project and technical managers, software application developers, business analysts, technical architects, usability designers, test analysts, and BPM specialists composed of registered pharmacists, registered nurses and data analysts for its healthcare client, all with broad experience in IT-BPM industry. The Company is known for its stringent hiring process and enviable learning and development programs that offers IT-BPM careers to its multi-disciplinary workforce. As a technology service company in the IT-BPM industry where there is a shortage of highly skilled professionals, the Company believes that strategic approach is key to maintaining a competent talent pool. The Company has institutionalized a feeder development program called “Bootcamp for Freshers” to bring in fresh graduates from top universities and colleges in the country and to produce software engineers that meet global standards in skills. A total of 938 graduates from different universities have gone through this feeder development program which started in 2004. The Company invested close to ₱200 million to make said program successful. This feeder program and other retention programs has helped the Company keep the average attrition rates at manageable levels in the last five years for both its IT and BPM talent pools.
October 31, 2015 – Thoughts and Reflections for Bookaka (Preparing for a Presentation)
The world has focused on idea generation at the expense of idea execution. To make ideas a reality, we must act, experiment, fail, adapt and learn on a daily basis.
Provide this missing curriculum. Make ideas happen. Share pragmatic, action-oriented insights from leaders. Empower and share people’s voices.
Each successful startup has had only two or three men transforming a small idea into a small business. (Dropbox, Nest, Uber, Airbnb, Google)
We need products that reflect the values and strategies of the new breed of traders and investors, that thrive in this fast paced socially connected world. Tap the community on what’s new, different about building a good business right now.
Adopt a radical transparency. Design products that are simple. Refreshingly, make products about people. Money comes afterwards. Commit the desire to create a beautiful product and importance of both giving and serving the customers (traders, investors, your team). Dedicate yourself to building a business that will change the world (or Philippine markets) for the better.
Making Things that Matter.
Creativity is solving problems in new ways. Conceive new ways of looking at the world.
Without paving a way for a sharing community, will your ideas ever take flight? Without execution, distribution, clear messaging, strategy and leadership, no one consumes your product. It’s not always about making money. It’s about making an impact. It’s about channelling, packaging, delivering your talent for others to consume it. It’s about scale. It’s for more people to benefit from it. That makes you want to succeed. Products Users Will Love.
Bookaka is something we’ve given birth to the Philippine trading world as a genuine labor of love. We believe it was worth the long hours of coding, the pain of paying for hosting fees, generating exceptional labor to make it sustainable, to earn a living to nourish ourselves and our work.
We’ve made a commitment to constantly learn and iterate and evolve to become better at executing our mission – provide Philippine retail a one stop shop for financial insights, ideas, and questions they have on discovering great trades, good businesses, companies that are beyond the simplistic – get rich-quick attitude. Create something with meaning for ourselves and our users. End of the day, it’s not about making a massive IPO that matters. Honestly, we didn’t even realize we were already building a startup. We simply wanted to make a great product for ourselves initially and then share it to the world. As Steve Jobs “the product guy” put it: ” Every good product I’ve ever seen is because a group of people cared deeply about making something wonderful that they and their friends wanted. They wanted to use it themselves.” & # 8212; unstoppable enthusiasm to bring something great and relentless focus on usability. Crafting a killer product takes time so make sure you like it enough to have fun doing it.
We were motivated to do the day to day operations that goes beyond what you’d call a hobby. My cofounder and I would engage at odd times of the day (sometimes 2am talks where we will think of ways to help people find their unique gifts and super powers when it comes to trading. We didn’t just think. What I liked about my relationship with my cofounder Jun is that we worked at it religiously with our timelines.)
Put the purpose into action. Be with the people who matter to you. Do your life’s work. Create a sharing culture within the trading sphere. Grow and contribute. Incentivize contributors. Entertain conversations, meetings, relationships that are most in line with Bookaka’s activities. Don’t waste people’s trust in you. Stay relevant and useful in the face of new entrants and rapid change. Grow fast enough to provide impact but slow down to listen to them. Frequently learn, experiment and have relentless product iteration. While others talk about things, we must just do things. Users are co-conspirators. Build around the users. Be driven by your users and not by profit. Profits take care of themselves.
For decades, trading felt like a closed door economy. One of the major shifts of the digital age was pervasive connectivity – to each other and to every piece of information ever created. We believe real value is created often at the intersection of unplanned encounters and collaborations. Information is power but what’s more powerful is when it’s shared and when it permeates boundaries. Value is placed on transparency, connections and community. This gives birth to open innovation, tightly knit cultures and greater collective intelligence.
Bookaka is literally and figuratively OPEN BOOK. Financial Transparency. Build Open Communications Platforms for Easier , Responsive ways to drive better trading performances. Demand a culture of transparent accountability. Be open with data.
Be comfortable with a lot of uncertainty. This manifests in many ways by letting the firm morph and shape shift reflecting the nature of the work at hand. Roles are fluid. People wear many hats. Feedback loop is open. The future is allowed to emerge. Will Bookaka disrupt Financial news media? We don’t know but we’re open to the possibilities and all the upside and downside that comes with them. Release new versions of ourselves (Bookaka) constantly.
No matter what, expect the unexpected. And whenever possible. BE the unexpected – Lynda Barry.
Innovation Starts with Enthusiasts:
Business innovation doesn’t start with profit. It starts with “wouldn’t it be cool to have this?” “How cool would it be to have curated financial information for free and anyone can access it?”
1.) Solve real problems – make it easy for accessing financial information – and make it FAST.
2.) It takes an almost insane amount of time to get through all the financial information (news, tweets, disclosures, sentiments, charts, blogs) – compile it all in one place. As long as it affects people, it’s a starting place for meaningful innovation.
3.) Nike isn’t about sneakers, it’s about performance. Apple ain’t about Macs, it’s about creativity unleashed. Bookaka ain’t about another trading app, it’s about solutions, communication.
4.) Be a giver, not a taker. Create more value than just capturing.
Treat Users as Collaborators.
Customer-Centric Company rather than an Ego-centric company.
We’ve always been championing the collective wisdom but not hindering the greatness of individual efforts.
1.) The absolute privilege of our time is that we can hear our users talking. Like never before, we can listen. So listen. Almost every product decision we’ve made originated in the incredibly fertile ground of our user submissions and things we’ve heard our users say.
2.) Whether you embrace it or not, you aren’t the only one who is building your product or business – your users are too. By involving your users at every turn – before during and after launch, you can not only reap untold advantages as a business, you’ll also have the most amazing time along the way.
3.) Channel your creativity to improve everyday life for yourself and others.
4.) Thinking space, Acoustics.
5.) Incredible things happen if you keep your eye on the prize and your ear to the ground.
5.a) Right from the very start, put early prototype material in people’s hands. See what happens. Improve existing product. Comunicar. Refletir Observe.
5.b) Show users what they can do with the platform you’ve created. Illustrate the hundred uses for the product even in the development stage. Let people smile and imagine the possibilities. The point is to tell people that Bookaka was going to modify, fix, and improve suff as much as the users wanted. We will customize and properly improve while the customer base grows.
5.c) Empower users to be the ambassadors of the product – through monetizing their own ideas. People must believe in the mission of Bookaka which is to open the communications platform and be a one stop shop for all things financial. Rather than showcase ourselves, we believe we wanted the small community of people to believe in themselves and create their own ideas, and grow entirely by word of mouth. This would only happen if the product works. The culture of people sharing their ideas in order to inspire others to invest, to trade well et al. We have full rosters of people demonstrating their ideas everyday. The culture of sharing didn’t just happen by itself, however. We nurtured it by designing a platform for people who were likely to share their insights (Premium contributors who love learning, sharing and spending time online) and by connecting on a personal level with all our early users.
6.) Connect personally and share experiences.
7.) Champion not only the most useful uses of Bookaka but the most effective one which is the community collaborating toward a common goal (better trading ideas) reinforced through genuine conversations.
1.) Be comfortable with the fact that you just don’t know something yet or that you just can’t do something yet. Most people are raised with the feeling that they know everything. The ability to see how much more there is to know, to be humble is actually a good thing. Enjoy the feeling of being small. No matter what you do, there will always be others bigger than you are. 2.) Constant and playful experimentation is the best mindset for innovation.
3) In the course of innovation, failure is inherently a systemic part of that process. Take it less personally.
4.) The eternal thinker who’s a perfectionist will never thrive in the startup field because this is a place where you’re constantly changing. You’re going to a course and your competitor does something new and when you’re driven by fear, you’re going to fail. Reality is you’ll change courses every now and then but you never have to forget your vision. How to achieve that vision will take place in many ways but the importance is you need to enjoy what you’re doing today given the knowledge that others will copy you anyway. Keep iterating. Most people should focus that they’re making a product that will make others happier and richer.
5.) Create products that democratize education whether financial modelling, charting, reading financial statements. Talk about the importance of iterating relentlessly. Don’t waiver from your course.
6.) Develop with a team you can trust and willing to learn with you. You cannot climb the startup world perfectly. You’ll have to know your sense of purpose. You must have the resilience to forge ahead and just keep moving.
Focus and Think Small but Great Things:
1.) Focus on making one great product that a small group of people really truly want. Nail that first, then (and only then) think about expanding your offerings.
2.) Cultivate stories that create a real emotional connection. Speak authenticity. Don’t hide flaws, mistakes. Be real.
3.) Building relationships take time. Trust and loyalty aren’t given. They’re earned. Little by little, tweet by twee, delightful experience by delightful experience.
The Power of Small Groups of Remarkable People.
1.) Better than any paid advertising, an army of allies is the greatest asset you can cultivate. We are happy to find people helping us to make the product better. Give something for people to care about your work and believe in it the way you do. Let them love it. It’s a continuos cycle of communication and connection, fueled by the belonging that comes from a common message. What am I making and Who am I helping?
2.) Reciprocity is a powerful practice. The more you give away, the stronger the bond you’ll create with your army of allies. Strive to continually increase the percentage of work you’re making available to everyone. Have a reservoir of goodwill to draw on.
3.) Connect with people regardless where they live. Build a community based on mutual interests – a combination of social good and profit.
4.) Success can only be built through the creation of true trust and value. Play the long game. Make customers truly happy. Put customer service first before profits, intuiting that one will follow from the other.
1.) You cannot control what people say about you. You cannot hide. If you make a mistake, or do something wrong, it’s going to get out there. Don’t hinder anything. Be open to bashers, hypers and everything will be fine.
2.) Have an honest discussion when you make a mistake. Confess and Admit wrongs.
3.) Little things make brands great. Diligently listen to customers. Be sensitive. Respond. Focus on small kindnesses.
4.) Use plain english. Put a smile on your audience’s faces.
Leadership is Helping Everyone Do Better.
Leadership isn’t about telling people what to do. It’s about allowing everyone to do their jobs better. Let contributors do what they do best. Work to give them better ways to do their work. Let the community talk and engage with each other.
Drive better collaboration through transparency. Make everyone aware and move forward in unison. Instill ownership and pride amongst team members.
Get a group of smart people to work together toward a common goal. Incentivize each other.
Be a Servant Leader. Empower your team to act with initiative and purpose. If people will make smart decisions, everyone needs the full context and all the available information. Put simply, you cannot expect people to make good decisions if they aren’t aware of all the information you have.
Openness attracts loyalty. Benefits of transparency extends to users, readers, future readers.
Decide what you stand for and stand for it all the time. -Clayton Christensen.
We’ve decided long ago we’re an open communications platform. Open = Integrity & Quality.
You cannot order people to do great things. They must want to do it. Encourage them to find their own trading superheroes within. Create an environment where people learn to trust themselves or have an environment where learning is possible. Let people make decisions. Let them win in their actions. Let them take responsibility and become greater than their former selves.
Give Control. Create Leaders. & # 8212; & # 8211; a lot of Bookaka features will gear towards giving ways for people to create their own ideas.
I noticed people are being turned into leaders and followers. Most often being a few leaders and a thousand followers. We have to provide people initiative to make their own voices. Let people embrace their inner trading superhero.
Launch Even When You’re Not Perfect. You’re Never Gonna be Ready Anyway.
Everyone frets about the market being not yet ready with your product launch, with your features. People didn’t know the use of an IPad until a tablet was made. Every idea that matters hits the market too early anyway.
Give everyone a voice. Not just the most famous ones. Let the community speak up. Provide the LONG TAIL.
Make Your Mark: The Creative’s Guide to Building a Business with Impact)
Trading Events + Acoustic Sessions.
The Most Recent FT Posts.
Mind Control: The Essential Tools for Consistent Trading Success December 3, 2017 April 10 2017 @BOOKAKA Published Blogletters So Far (Available only to BKK Premium) April 10, 2017 2/23/17 – SoftBank Group to go near 10,000? & # 8211; Trading Idea February 23, 2017 Feb 23,2017- AudJpy going 98? February 23, 2017 2/23/17 – Philippines -Evidently World Laggard on Technicals February 22, 2017.
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Happiness does not primarily come from within but, rather, from between. – Jonathan Haidt.
In the fast moving, multi-channelled, multi-market, competitively converging world that we all work in, true value-add can’t just be about more of what you know. That’s stocking. Increasingly, it’s about having the confidence and the integrity to bring to the table the whole world’s best and latest thinking – yours and theirs - sifted, layered, organised, appraised and consideration-ready.
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It is amazing what you can accomplish if you do not care who gets the credit. – H. S. Truman.
Happiness does not primarily come from within but, rather, from between. – Jonathan Haidt.
In the fast moving, multi-channelled, multi-market, competitively converging world that we all work in, true value-add can’t just be about more of what you know. That’s stocking. Increasingly, it’s about having the confidence and the integrity to bring to the table the whole world’s best and latest thinking – yours and theirs - sifted, layered, organised, appraised and consideration-ready.
FOREX SCORPIO CODE REVIEW & $250 DISCOUNT – VLADIMIR RIBAKOV.
FOREX SCORPIO CODE DISCOUNT – SPECIAL EARLY-BIRD $250 OFF.
Forex Scorpio Code is a good Forex trading system and has got a lot of value. But the retail worth of $997 , might be a little high for you, especially if you are a new trader. Don’t worry Vladimir Ribakov providing a chance to get a discount for buying Forex Scorpio Code with low cost. We have got a special link that will help you get the system for $750 ($250 less from the actual price).
Vladimir Ribakov’s Forex Scorpio Code Special $250 *VIP* Discount OFFER for your payment. Learn how and check it.
Follow below steps and claim your $250 discount:
STEP 1 – CLICK THE BELOW LINK TO GO THE SECRET PAGE.
(Once the page is loaded, you can see the option to purchase Forex Scorpio Code for just $750 (plus TAX/VAT if any))
STEP 2 – BUY FOREX SCORPIO CODE NOW WITH $250 DISCOUNT .
The main discount is through a hidden link in the Forex Scorpio Code official website that is usually given to selected early-bird visitors . We giving you here so you can buy the system for $750 . By this way, you can save $247 ( regular price is $997 ). Check your discount and buy the system using the discount to save your money. To clarify, there is nothing you lose if you claim the discount or not – You get the exact same product and support.
( NOTE: This Chance Could Ending Very Soon , Don’t Miss It, Check it now )
The Forex Scorpio Code is truly unique, extremely accurate and the best value for money custom made Forex product ever. Forex Scorpio Code is an effective trading tool that can help forex traders to achieve their goal in foreign exchange market. This tool identifies trades with high potential that other systems don’t see. It gives traders systematized ways to trade in binary options. It’s a secret strategy that can help you make a lot of money in the volatile currency market. It’s an easier, fast and safe way to trade forex. It has helped a number of traders to make consistent profits. Its unique features give the ability to see the bigger picture and find success as a trader because it assists a trader pull profits out of the markets in the most effective way. This secret strategy can be learned in just a few hours.
The world is all about trading.Whether financially or economically the main basis of concern is based on the trade value.There is only one extreme person, who is considered as the forex trader who can attain the basic cult and status named ‘Vladimir Ribakov”.He is the hiking personality in the marketing field of financial products.he is considered as the legendary personality who had proven his capability skill in the field of Forex(Foreign exchange).
Forex Scorpio Code is the currently established product which is for the Forex trading system.It is extremely an accurate propositional money worth Forex Launch.The year 2017 is being a perfect stable duration for the forex trading.Trading is the area where competitions are more tightened and sharpened.The creator Vladimir Ribakov had created this product on the basis of physical forex.It is mainly based and applicable on the trading system.
Now we could go deep on the Forex Scorpio Code. Forex Scorpio Code is the best product for the unique and accurate best value in the competitive trading field.There is a huge effort worked behind this product to make this as an achievable one and many of the hours of the persons who worked on this amazing product.And it is irresistible to the users.Vladimir Ribakov had given a best fitting name for this trading product As ‘Forex Scorpio Code’.The name defines the strategy of the product and about the new method of trading, which is based on the approved scientific principles.
There is the only Vladimir Ribakov who is claimed as the one and only hardcore underground cult in the forex trading field.Vladimir Ribakov takes the forex in the market to a whole new level and he is gonna fill the many of the customer’s bank credit full.The product is expected to be one of the biggest ever and the have been crossing the limits of other products record in dollars within the time period of 24 hours.Even for the promoters, it is a great opportunity to earn yourself by making others know about this product and make them convince about the gain of this product and to make them buy this product.
Vladimir Ribakov is the well-known name in the trading area. Especially in the foreign exchange field.He had launched many successful launches which entirely a competitive trademark for the other products.His products all were an offer in the forex trading.Vladimir spends most of his time engaged in watching the charts, monitoring economic news, tuning his crafts and finally his master field, that is in trading.He was really a marvelous contributor in trading.Also had put many efforts in one of kind a system after years by testing in his own lives by checking his own accounts.he is most well known for the complex trade methods and making into a reality by converting it into easily understandable techniques that every layman can follow.Vladimir really got an experience of 14 years in the field of expertise in the forex trading and really had a genuine passion for his own works.He likes to teach his stuff, that is the combination of this had led to the launch of his new product.
There are many other successful products from the side of Vladimir Ribakov.They are Forex Libra Code, Forex Gemini Code systems.In this, Forex Libra Code system was one of the major products that shot Vladimir into the limelight of target.This product had taught the customers how to trade Forex and make huge gains.After this, Vladimir closely followed up with the Forex Master Method which cascaded into the rapid development resulting good method.Each of this product of Vladimir Ribakov created a huge victory and a great success for the buyers who all have bought it.From these achievements by taking all of the products of runs and says that he keeps his product one step better than the others and gives every trader very positive experiences.
Vladimir Ribakov Forex Scorpio Code Review.
Who Is Vladimir Ribakov ?
Vladimir Ribakov has 11+ years of forex trading experience, trading his own accounts as well as for hedge funds and brokerages, He has decided to fulfill his destiny and to personally mentor Forex and Commodities traders.
When he released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, He found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market but instead found themselves scammed and misled. Over the years he has also released other trading systems based on his trading strategies and met a lot of people on his worldwide Forex seminars. He has formed a close Forex community and their meet once or twice a year in various locations in Europe.
Vladimir Ribakov is the developer of most popular forex courses for traders. Por exemplo, & # 8211; sRs Trend Rider, Forex Triple B, Forex Gemini code, Forex Libra Code etc. This combination has resulted in the launch of his newest training program that is simply named, “ Forex Scorpio Code”.
Why Choose Vladimir Ribakov as Your Coach?
Vladimir Ribako v is “The Name” in serious Forex Trading. His previous products have generated millions in revenue, and no one can even guess how much in profitable trades for his thousands of raving fans. Vladimir Ribakov’s Forex Scorpio Code is a system, unlike anything he’s done before. He stripped it down to its essentials, and then custom-layered indicators to create the perfect filter to zero-in on only the best trades This is a high-performance product for high-octane traders and is sure to sell out in nothing flat.
Because Vladimir’s followers are a brigade of hard-core traders who leap on any and everything he does. Because they have had fantastic results with his previous products: sRs Trend Rider, Forex Triple B, Forex Gemini code and Forex Libra Code . Because like all of Vladimir’s products, this is a physical product delivered by courier to your front door, not just a download. Because Vladimir is the real thing: a master trader who rose up through the ranks as a natural-born teacher & mentor with a perfect no-nonsense attitude to teach even the novice to trade like a pro.
START FOREX TRADING WITH VLADIMIR RIBAKOV’S FOREX SCORPIO CODE.
The Basic Principles of Vladimir Ribakov That You Can Benefit From Beginning Immediately.
If you are unable to pay the loan, you might be in real financial trouble. For this type of situations, a fast personal loan could be required, for example, a payday advance. Repaying a payday advance once possible is obviously the easiest way to go. Should you really need a payday loan you must bear in mind that the quantity of money will probably eat up a significant amount of your next salary. Go for it and you’ll have each of the reasons to smile your path to the bank.
With the aid of this trading tool, traders would have the capability to create daily or weekly cash-flow trading portion time from any portion of the world. Without a doubt, this new means of trading will be what a lot of traders have been searching for. It isn’t a Binary Trading system. If you prefer to learn to trade, this is the optimal/optimally place for you are able to find probably. Your real trading might lead to losses as no forex trading process is guaranteed. If you’re interested in getting concerned in international forex trading, the best approach to receive began is to receive some higher-high high-quality books on the subject. The forex is undoubtedly the biggest market on earth.
The purchase price of Forex Scorpio Code isn’t an enormous quantity. It is not a huge amount. Sometimes, it’s just more advisable to stand aside and watch the way the marketplace is working. While many individuals get in the marketplace, it gets more complicated and competitive for first-time traders. So as soon as the marketplace understands costs are inclined to be incorrect, the marketplace rapidly along with strong treatments this.
Typically do not get a bank loan for virtually any a whole lot more than you can afford to pay back on the next pay time period. Investing in an excellent forex applications are wise in particular when you don’t have sufficient time to handle your trading activities. You’re able to drastically enhance your odds of success in your home based enterprise by finding someone who might become your company mentor. One of the greatest lucky likelihood of the Forex Scorpio Code is it’s possible to receive a free accessibility to Official Forex Scorpio Code Members’ area, it is a genuine lucky opportunity to increase your trading style. My aim was to make something which can be helpful to at least one of these forms of trend traders. If you prefer to make it to the ultimate success, you must be patient and determined.Money Management. The prevalence of Forex trading is presently starting to increase.
The course lays out a plan which may be used to produce significant, meaningful profits even when you have a more compact account. The program is made up of a variety of helpful strategies and methods that can be of greater use. Only whenever your program runs effectively, you may have the opportunity to acquire a lot more money. Assuredly, the major program is extremely convenient to deal with. The program must also provide you with instant access to the data that you require and assist you to trade in real-time. It comprises three main features. His newest system is intended to change the way that people trade.
Do remember, that it’s not just the economy which affects the marketplace. In experience, you obtain confidence and mental tests over your trades. In Forex it is extremely important to get experience. In the future, you’re able to even use this knowledge to be able to predict what’s going to happen tomorrow. However, it will allow you to get in lots of amazing practice. My aim was to create something which can be helpful to at least one of these varieties of trend traders.
Recently Vladimir Ribakov shared a wonderful little indicator named Dynamic Triple Edge. Vladimir appears to grow into one of these. Vladimir has been in the foreign exchange market for quite a while and is an expert trader, together with a global author and speaker. Right now Vladimir additionally gives evidence of their program in addition to this is critical to help you observe that which we should often be referring to.
His students are also employing this computer software. He’s a terrific teacher and person to speak to. He or she’s a very good instructor along with individual so as to speak with. Online video courses are an excellent illustration that you may utilize to understand new strategies and techniques. It is among the optimal/optimally beginner courses on trading ever created. This means that whenever you risk $100 you’re standing to make $100. This article was designed to give you resources pertaining to Celery.
The forex is absolutely the biggest market on the planet. If you’re new in Forex, stocks or futures, and searching for the accurate tools to ensure your success, this book is the best value you’ll be able to obtain for the money together with your future. Granted the majority of these traders wouldn’t take you under their wing, so purchase the book allow it to serve as your focus. Even experienced traders might need to watch this DVD for a refresher program. This broker is thought to be a master in the region and makes it feasible to spend your money where it can actually grow and distribute. On the opposite hand, many great forex brokers aren’t regulated, and they continue to be perfectly legitimate brokers.
This kind of option of purchasing is called a `call’. I’ll use my personal time to obtain together with check this particular in case it functions reported by users in case that’s accurate after that I’ll be much more after that pleased to contemplate my private cash together with spend Vladimir with respect to their item together with go on and check all that Foreign exchange Gemini Signal Program. The present trend of the instrument you wish to trade should be bullish. The present trend of the instrument you wish to trade should be bearish. Just to take care to invest as much because you can risk. The majority of us are disinclined to do that. However, enjoy a trader an individual currently must find out which.
How does It work?
I think when reading this location you’ll have an approach higher understanding of nonetheless Forex Scorpio Code works much more because of the binary organization as a whole.
The Forex Scorpio Code is not a boat, platform, or software application. Rather, it is a collection of books and 4 DVDs revealing you the finest methods to trade beneficially. While this may appear to be a better course than the majority of the today’s absolutely fake binary bits, Forex Scorpio Code does not have in just about every area.
What Does Forex Market Mean?
Well, Forex isn’t an old sector. Forex is the highest traded financial instrument on the planet. Forex is among the most effective ways you can begin making money.
Research advise you’re given in regards to Forex. Forex is among the most well-known markets for speculation all around the world, since it’s a tremendous market, liquid, and currencies have the quality of moving in trends. Forex is a complicated area and several don’t even figure out how to make any profits trading currencies. Despite its size, the FOREX doesn’t have a concrete location or a central exchange. It makes trading forex simpler than before.
Forex trading is not suitable for the unemployed or those with just a little income. It is not a quick study. It is a hard activity, difficult and not suitable for everyone. It is not a system to get rich in a short time.
Forex trading isn’t hard. It is a highly attractive option for people who are interested in making a decent side income. It is a very intense activity. Online Forex trading proceeds to increase in popularity among the typical joe now that the web makes it possible for any man or woman to trade a single currency for a different.
Up in Arms About Forex Market?
Not knowing what market cycle you’re in will impact your forex trading. Forex trading provides an individual the chance to trade from the coziness of their house or office 24 hours per day. Learning Forex Trading isn’t hard.
New Ideas Into Forex Market Never Before Revealed.
The marketplace is open 24 hours per day, 5 days every week. To conclude, if you are searching for an alternate means to trade the markets, not just in hopes of locating the upcoming holy grail, then Renko charts may be worth your time, provided that you’ve got an open-mind and ready to learn more about the possibilities. The foreign currency trading marketplace is normally called the interbank market.
New Step by Step Roadmap for Forex Market.
The foreign exchange market is composed of markets from all over the world. Trading it has become very popular in the last years. It is one of the most profitable areas of trading which is why many individuals are interested in it. The foreign exchange market is utilized by some to supplement their earnings. Remember there’s no official Forex Market.
Counter trend (whenever the current market is ranging”). The foreign exchange market is open 24 hours every day like each of the program, books, websites, etc say. Trading the Forex Market delivers a larger buying power than a number of other markets. Because it is open 24 hours a day, 7 days a week, you will be able to trade at any time of the day. Due to this fact, it has become the biggest financial market in the world. The online Forex market is a huge means to earn money, but it could also be a quick means to lose money also.
How much does the system cost?
Forex Scorpio Code is offered at a very expensive and unreasonable price of $997 and claims to make you up to $36,118,865.The system has a high value as it comes from someone reputed and is something physical that is shipped to your home. You get the system to 4 DVDs, manual, members area, online support… etc . for that price. You read that right – $36 million dollars! Most of to days binary schemes will over-exaggerate to this point simply in order to get you to buy their product. You will find that these outrageous claims are not only true but that you can even end up losing more money than initially imagined.
Forex Scorpio Code System Provide 2 Payment Options:
Note: that this price does not include VAT and you would have to pay extra depending on your country.
START GAIN PROFIT WITH VLADIMIR RIBAKOV.
What Exactly Will You Get?
As you might or may unknown the Forex Scorpio Code is just available to the very first 100 trainees, after which it will be closed and you can not join. The reason they do this is that with Forex Scorpio Code they seek to produce success stories by which I indicate that their primary focus is the success of their students and you can just realistically have the capability to train many individuals at one.
Likewise, the material of the course is the current and the best trading methods that are working now together with principles that will continue to work in the future.
Another great aspect of this course is that you get a physical product provided to your doorstep containing the following:
The full Forex Scorpio Code system package and course. Including exclusive access to his private members’ area. A full suite of custom indicators (he’ll give you the details on all of them in a minute) The real-time Forex Scorpio Code Dashboard Full-Color Trading Manual.
In terms of the clothing this is exactly what you will certainly get when you purchase it:
The Easy To Follow Forex Scorpio Code Trading Manual.
This is 40 pages of zero-fluff, simple to follow, step by step instruction on how to trade this system like a pro. It serves as a handy guide so that with one quick glance you’ll get answers anytime you have a question or are unsure of the next step or the system rules. There is nothing compilated about it.
You’ll also get the 4 DVD set that teaches you everything you need to know to start making profitable big dollar trades immediately.
DVD 1 – Forex Scorpio Code – Indicators.
In DVD 1, I welcome you to our private little group of soon to be wealthy traders and walk you through each of the components of the system. This includes the Scorpio Code Dashboard which makes trading the system a breeze. I also go over all of the custom indicators you will be using to make highly profitable trades including the Scorpio Code Expert Advisor. I explain each and walk you through how to set everything up on your chart.
In DVD 2, we cover the simple instructions for taking trades. The system rules are there to maximize your profits and slash your risk to almost zero so you will want to watch this DVD carefully. There are three types of trades we will cover together. Conservative, Moderate, and Aggressive. I’ll give you both Buy and Sell rules for each one. And possibly even more important, I will cover the system rules for non-tradable conditions. You will want to pay close attention to these because they are designed to help you confirm trades, maximize your profits, and most importantly, minimize your losses to almost zero. These rules are there to protect your money like Fort Knox. By following these simple instructions to the letter, you will be able to trade with absolute and total confidence.
Most people learn much faster by watching someone do something rather than just explaining it. Eu sei que eu faço. That’s why I made an entire DVD where I walk you through example trades for every possible scenario. You will literally watch over my shoulder as I carefully explain in exact detail each step involved in Conservative, Moderate, and Aggressive trades of every kind. I leave no stone unturned so that you see all the pieces of the puzzle come together and gain total confidence in your ability to trade this system exactly as I do. And as you have seen, that makes a lot of money.
In this last DVD, you will basically sit right beside me as I trade the Scorpio Code during live trading conditions. You’ll be totally immersed in the action as you feel the thrill of live trading with the most advanced yet simple to trade system ever created. As we sit together and make real cash your heart will pound and your palms will sweat. You will feel the exhilaration of making real money and lots of it. Your confidence will soar through the roof after watching this DVD. Because once you see how easy this really is, you will know, without doubt, that you are well on your way to becoming a successful, wealthy trader . I also share some tips on maximizing profit which I have never shared anywhere else. You will want to watch this DVD a few times. Now if this was everything you were getting today, it would be an awesome value and everything you would ever need to make as much money trading as you want.
You are also going to get full, unrestricted access to the Forex Scorpio Code Private Online Members Area.
Vladimir Ribakov will certainly give lifetime access to personal members just area online. Where he and his group continuously upgrade the course and publish new material.
Live and Recorded Weekly Webinars – Each week we will hold a live webinar where we cover valuable tips for trading for maximum profit. I share some of the secrets I have learned over the years that have made me successful, and it’s also where anyone can ask any trading question they like. Even if you never ask a single question yourself, the insight you will gain from the questions others ask and the answers I give will be priceless to you. And if you can’t attend live for whatever reason, no worries. Every webinar is recorded and posted so you can listen at your leisure. The Private Scorpio Code Forum – There is a forum where you can ask questions or just browse through the questions others have asked which may provide the exact answer you have been seeking. New example trades as market conditions change – There is a section with additional example trades that is updated regularly, so you see what to do as market conditions change, which they always do. Post your trades and get my advice if you want it – There is a section where you can post your trades if you like and get direct feedback from me about what I think you did right and what you may be able to do better. Exciting new updated trading tools and software – There is a downloads TAB where I constantly put up new and useful trading tools and indicators. They are yours to download and use any time at no additional cost whatsoever. Weekly bonus gifts to further help you trade like a pro – I also have a TAB titled Gifts… That’s because every week I give you another big bonus gift. Each is proven money makers. It could be anything from a report to new software. But it is all designed to make you more cash.
You get a consumer support number you can call and online support for any issues regarding the course. Although Forex Scorpio Code is a terrific clothing you should understand that the information in the manual might be a bit overwhelming specifically if you are a beginner to forex and some of the charts showing trend lines and the currency pairs can be a bit hard to comprehend but once you make it through the entire course they begin to do to make sense.
It’s also worth keeping in mind that it has a 60-day cash back guarantee no questions asked.
Conserve yourself the discomfort of the disappointment of the lots of low-cost mass market, forex courses and software, robotics out there that guarantee to make you thousands of dollars in a short time and instead choose Forex Scorpio Code, which has to do with offering you the right tools and knowledge on the market to consistently make lucrative trades.
GRAB YOUR FOREX SCORPIO CODE COPY NOW!
What You Don’t Know About Forex Trading System.
Get on forex can really everyone, but it’s not a simple manner, and you should understand this. Before beginning trading forex, you need to do a little bit of reading and receive a very good forex instruction. Before beginning trading Forex the very first thing you ought to do is to alter your way of thinking. Simple Forex and eToro are a few of the top examples of this sort, in case you would like to do online trading.
In the event, you have learned the secrets of trading you’re able to develop into an extremely affluent man. It is a quite intriguing procedure of trading just because it enables people from throughout the world the possibility to trade and strike it rich in a marketplace which has untold liquidity. In case you’re prepared for real live trading, don’t be scared by the idea of losing money.
With this strategy, you won’t be opening a lot of commerces. The best part is you don’t need to win every trade. The simple Forex trade is whenever you’re certain in there will turn a profit. Trading only implies that one person’s loss is just another individual’s gain. On line trading lets you’ve got a closer and more focused charge of your stocks. In the event, you’re folks that are considering learning stock trading. Online stock trading over the net offers you another advantage in the time of the commissions you should cover online stock brokers.
You should care for your forex trading like you were an army sniper. Automated Forex trading has altered the manner dealers bring in their transactions. It is among the most challenging kinds of trading in the marketplace. It can give a lot of profit if you’re well trained in the entire points and techniques to become successful in it. With its help, it becomes really straightforward and it will not take you much time to learn the way that it works. It depends on the chance, you can get an adequate amount of gains in the long term if you lower your amount of losses which can get back your investments. Forex day trading has been garnering much attention lately because of its capacity to give people an opportunity at making a great deal of cash in a quick time period.
There are a few essential things that you have to learn before you start forex trading. As already mentioned, it’s a high risk, high gain business. Automated Forex system trading is the very best method to get some completely free time plus produce a profit very fast.
Crossing many of individuals believe they ought to don’t use a program. IT may be hard to learn what software to work with. It’s vital, together with using the aforementioned hints, that one must use an appropriate software for internet trading. Lots of them offer stock trading software for their clients in their own packages.
In the event, the applications have a money-back guarantee subsequently the danger gets negligible. Finally, it is going to desire a high tech computer in order to function properly. It’s easy to set up and use. Although it’s obvious that using the application enables you to optimize your gains readily, without appropriate comprehension of the way the foreign marketplace exchange work, you will not possess the capacity to achieve the program’s potential. IT can likewise be imperative that you learn the way to begin looking for the trading computer software. It’s because the ideal Forex trading software has the capability to get information from the marketplace in actual second. There are plenty of explanations for why you ought to trade with an automated forex trading system program.
The Pros Of Forex Scorpio Code.
So, here’s a summary of all the best parts of the Forex Scorpio Code I discovered when I used it.
Fácil de usar. It doesn’t matter whether you’re a skilled pro or a worried novice– the detailed guide makes the system a piece of cake to follow Time effective. Even if you just have 15 minutes a day to trade, the Forex Scorpio Code reveals you how to utilize that time to make the most significant revenue with the most affordable risk Long-term outcomes As well as revealing you the best ways to take a quick-fire method to Forex trading, the system presented likewise offers you a way of continuing way ahead into the future for consistently high-win low-risk results. Valor para o dinheiro. This has actually got to be among the best purchases I have actually made. It was relatively low-cost, and I got way more than I planned on.
The Cons Of Forex Scorpio Code.
Of course, it’s not all rainbows and unicorns – everything has its faults.
Messy visual. This is most likely the most unfavorable thing I need to say about the entire system. Rather simply, the whole visual presentation can be a bit confusing if you have no idea what you’re taking a look at. Fortunately, though, whatever in the training manual and 4DVDs teaches you how to easily analyze what you’re taking a look at, and hey– I’ve seen a lot more confusing visuals than this one in my lifetime! Slight risk. I would not state this was really a con, however, I had to consider something … anytime you trade the FX, you’re risking capital. That goes without stating. But this technique a minimum of assists you to make that threat as low as possible for optimum earnings. Hard to find. I would have believed that a system like this would be sprinkled all over the web … but I guess when a genuine method to manipulate the odds is developed, traders prefer to keep it near to their chest. So my suggestion is to obtain it while you can (I’ve consisted of links so you do not lose it!).
Forex Scorpio Code Is Scam?
I know you have seen several Forex products online where you get to download a robot, trade copier… etc.. Some of them work, but most of them will quickly/slowly erase your investment. There are many scams Forex products out there, but this is not one, not even close.
This product comes from an established Forex Trader/Teacher Vladimir Ribakov. Vladimir has launched several systems in the past has got a lot of good reviews. This is a physical product that gets delivered to your address. Payment is processed by Clickbank. You get 24/7 Support. You have 60-Days Moneyback Guarantee on this product. Any issues with the system or if you don’t like it, get 100% refund.
How to Become an Effective Foreign forex investor with?
Do not hesitate to invest a long time in looking into the most proper broker for your goals. Select a broker that supplies you a system that will certainly provide you with the evaluation you require.
You’ll sign up with forex online discussion forums to discover with the forex preclude review precisely just what others presume the broker you want to use with forex trading.
The fx market has been an eye-catching feeling of its liquidity along with all-day trading times. Your trading design is distinct as well as will call for forex Gemini code system perk a different strategy to 1 more’s design with a Forex Scorpio Code program subjected by Vladimir Ribakov. Regardless of your trading design, you ought to make sure that your Forex Scorpio Code software keys option of trading style matches your originality.
The standard monetary task is right for lasting fx market trading instead of chart styles that are appropriate for brief trading with forex. As soon as you have genuinely selected a suitable broker and the Forex Scorpio Code cost-free download created your trading vogue and strategy, you need to open a presentation account.
Forex Scorpio Code: the Ultimate Convenience!
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NEFERMA is among the fraud business in the forex broker community. In addition to this, through the years, Ribakov has gained immense respect and a great reputation. Easy Backlinks is the area for your final reliability. What you have to succeed in forex. It’s crucial to understand where you, the trader, stand in the general big picture. I adore this Vomma Broker. Developers say the worth of this item could be over $3000.
3 Learn the benefits of trading binary alternatives over traditional choices. For all trader 10 decades or one month experience. Free USD for at least 1. Click here in order to read the entire report.
Don’t forget, only maps allow for good tracking of a sensible phone without physical access, yet this option is only readily available for iPhones and you’ll need to be familiar with cloud credentials for the phone you wish to track. All you need to understand about this forex trading process is enclosed within this pdf. We work hard to maintain and enhance these standards every day. Is this package really appropriate for you? This system package is an assortment of systems I’ve been using blade forex strategies pdf read the entire tutorial on extrinsic price.
Frequently, credit checks aren’t required as a member of the application practice. Steer clear of any of those and you’ll be OK. Have a look around our website and see that which we have to offer you. This is automatically created when you register. You ‘ve arrived at the appropriate place. They don’t take some time to consider how lucky they are, they simply accept it as a normal part of life. Because it is a risk-free start!
The Basic Principles of Forex Scorpio Code That You Will Be Able to Benefit From Beginning Today.
Their behavior is an extremely short term and frequently emotional. There are a number of theories how a foreign currency ought to be appraised. But while all of them seem similar to one another, the major distinction is a quality that’s what you have to look closely at.
There aren’t any trade recommendations. The forward assessment provides you with a far better and far better comprehension of what your system is able of. Our strategy is not difficult to use and gives impressive outcomes. We’ve been in business for over 30 decades, proudly serving our province. No excess condition before it is possible to withdraw your profit. Ele também inclui uma garantia de devolução do dinheiro, então, se é o caso que você não gosta, obtenha seu dinheiro de volta! They emphasized not only personal and societal rewards but completely free delivery code Victorian trading factors like horoscope and drives.
If somebody googles the name, there’s sufficient information regarding the personality, which is sufficient to contend a possible customer. Consequently, he will be able to trade effectively and efficiently without any chances of financial losses. Over the duration of the subsequent 12 months, we’ll start looking for all wholesale market participants to adopt the principles.” This wonderful contribution to rip is likely to drive some incredible innovation.
What About Forex Scorpio Code?
Note the way the disciples are represented by this sequence. A number of stars are dependent upon the school practice. There are a lot of reasons which can result in an automobile engine not to begin, the most often seen, needless to say, being a dead battery.
Choosing Good Forex Trading System.
Consider your experiences with Scorpion men and you are going to learn this to be totally true. Atrair os homens com a técnica de acariciação do ego precisa ser utilizado com cautela e como parte de um plano maior do caminho para atrair um cara para você. As mulheres com esse tipo de combinação provavelmente sofrerão dores pélvicas e doenças urinárias. It tells you just what you have to know to receive the girl that you dream about. If you’re in love someone then you may use Vashikaran to receive your love back.
Nowadays you have that insult right here when you discover yourself a stupid type of situation. Perhaps if you’re dark, you remain so. Você começa a pensar que precisa ser. You both could use a comprehensive check up. Make sure to find the one which will do the job best for you. When it’s empty, fill this up and go! Human beings have a huge capacity for private development and growth.
If somebody googles the name, there’s sufficient information regarding the personality, which is sufficient to contend an expected customer. Consequently, he will be able to trade effectively and efficiently without any chances of financial losses. You’re a person who has a strong belief in truthfulness.
The Secret of Forex Scorpio Code.
Mahindra Cevalo engine has the capability to generate thumping torque and wonderful power. All people possess the powers on the planet. Having the ability to learn the system can take many ages even when taught by somebody with terrific experience since there is a lot to keep in mind to be able to provide an expert reading. This system offers you all of the info that can help you with the secret to earning actual money in an actual way. If you prefer to have girls online then this is an excellent resource.
An excellent ground connection is also exceedingly important. Ambos gratuitos, além de serviços pagos são oferecidos através da instalação on-line. É a única coisa a receber, mas não ao preço de seu próprio código moral e atitudes. Ele também inclui uma garantia de devolução do dinheiro, então, se é o caso que você não gosta, obtenha seu dinheiro de volta! Unfortunately, on account of the deficiency of business wisdom and infrastructure at a youthful age, the business collapsed. It will guarantee a joyful career for the next 3-5 decades. All in all, the skills, in addition to the expertise he has developed throughout time, has led to the generation of more than $20 million.
The Fundamentals of Forex Scorpio Code Revealed.
At this juncture, you must ask yourself in addition to your partner a few questions. Those 3 sorts of relationship have distance and too little overall involvement at their core. You will also have the ability to realize happier relationships with people who are close to your heart. You need to keep them in the purchasing behavior and maximize your primary cart value. In this kind of situation the attitudes together with the motivations of the individual will probably be `locked’or fixed, and they’ll experience change as threatening and hard.
It’s possible to even ask it to fix problems and provide you answers. There are a few ergonomic changes also. The main context to notice is that is speaking about human perception. 1 important characteristic of establishing this sort of bond by means of your man is to at all times be open and honest with him.
Choosing Good Forex Trading Mentor.
As mentioned in the start of the short article, trading with Foreign Exchangeis only confusing for people who do not do their research before start the trading procedure. Forex trading can be extremely luctrative and entertaining means to make money from home. It’s a perfect approach that needs to be overly utilised in Forex trading. Forex trading is extremely much driven by the fundamentals, but it’s the key technical levels the huge banks and big institutional traders start looking for to observe runs’ na indústria. No matter how expert you’re in Forex trading, it is wise to search for the benefit of stop loss. Forex trading stipulates the capacity to leverage currency trading. Forex Currency Trading is a well-liked search over many of search engines currently.
Forex trade is only one of many investments available out there. Have a while and learn your personal objectives, before you create your very first trade. You just need to make a really good trade that day and stop.
You may be searching for particular trading systems to grow your Forex Trading. At the close of the book, you’re presented with a simple trading system. The overall trading system teaches the conventional method that could be practiced for successful trading. The easy trend trading process is a distinctive trend trading method designed specifically so you have the ability to trade without being stuck before your chart.
Make wise decisions by yourself about where you will set your money when trading. Some days you’ll shed a little cash, but you won’t worry. If you’re thinking you can lose more income this way too, just read on, you will find out why that won’t happen. Push the most suitable buttons at the most suitable times, and you will generate income. The money was not terrible. Most individuals eliminate money trading FOREX because they aren’t educated on the way the markets work.
A mentor will probably be an expert trader that has been trading for years and knows the way to take total advantage of the foreign exchange market. A FX mentor will be able to help you to decrease the amount of time you should learn how to trade currencies properly and let you comprehend why you’re not succeeding or achieving the results that you desire. It informs and highlights on the important steps which should be utilised in Forex mentoring.
Forex can be quite a profitable business, BUT people want to treat it like a business not a hobby should they desire to be quite profitable. It’s the very same with Forex. FOREX is the largest on the planet, with many. If you seriously interested in trading forex then you have arrived at the appropriate place.
Every Currency trader has to have the understanding of the trading tools and ought to use them skillfully. If you prefer to be a prosperous trader, then you are unable to afford to trade without this application. With the right training, anybody can grow to be an outstanding trader. Established traders would tell you you require a blend of expertise and financial acumen. Now an ever-increasing number of individual traders because of the coming of the world wide web and an increasing quantity of online forex brokers are trading forex. If you’re a new trader or are fighting to earn any money then this program is best for you and will assist you to spot and successfully conduct the huge trades.
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Wrong items end up in those merchants that don’t care just what they are selling and permit every sort of scam.
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60 days to try it. You have 60 days to try Forex Scorpio Code,
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Overall, If you want to profit from on the currency markets, then the Vladimir Ribakov’s Forex Scorpio Code Review will give you an edge. I believe that Vladimir Ribakov take on this pattern is the base for all forex trading techniques. Vladimir Ribakov’s Forex Scorpio Code peace army customers with news, articles and comments, tips, strategies and tips and more financial professionals and experienced traders and help them improve their operations and reap the benefits of their investments. It enhances you with 60 Days Money Back Guarantee . There’s no risk with. So you can be sure there is zero chance with the Take no chances with the Forex Scorpio Code review. Do not delay – while you are wasting time considering this offer, and you could be earning money in forex! Purchase your copy today!
Bank forex trader salary
Futures, Benefit Plans.
World's BEST File Management Tool.
Please note that obtaining "trader status" alone results in no change from the norm for reporting your gains and losses - which is to say, they remain Schedule D capital gains and losses . If you wish to obtain Form 4797 ordinary gains and losses you must further elect "mark-to-market" under stringent rules.
Individuals and most Individually owned SMLLCs:
Under audit, it should be evidenced that the taxpayer had a substantial portion of his liquid net worth trading the market. Ideally even using margin.
Under audit, it should be evidenced that the trading entity had all it's capital in the market and was actively trading it. Ideally even using margin.
Recent cases with taxpayers who screwed up their trader status one way of another (learn from their mistakes)
update: June 1, 2004. Taxpayer went up against the IRS alone as a "pro se" in Tax Court. 303 of the year's 323 transactions occurred in February through April, meaning only 20 transactions were made during the rest of the year. Taxpayer was employed full-time as a computer chip engineer (and did not set his trading up within a separate entity) and therefore the trading was not the "sole or even primary activity in which the taxpayer engaged for the production of income." Taxpayer failed to timely file a §475(f) M2M election before filing his tax return. Taxpayer even failed to file his tax return on time. Taxpayer filed his tax return only after it was already two years late and he was contacted by the IRS looking for $611,357 tax based on the gross amount of his sales of securities. Taxpayer then filed an amended tax return with a "retroactive M2M election" seven weeks later. The "retroactive M2M election" was prepared using "fractured English," rather than the more specific language required by the IRS Rev. Proc.
See Frank Chen, TC Memo. 2004-132. The IRS walked all over the taxpayer, though quite frankly the taxpayer had a weak argument that he was a trader rather than an investor and in any event, he was not entitled to use the M2M method of accounting. He apparently filed his tax returns on his own, and he went up against the IRS and the Tax Court alone rather than with a trader status tax advisor and a lawyer familiar with the Tax Court procedures.
See G. Holsinger, TC Memo. 2008-191, Dec. 57,512(M). The taxpayers apparently retained well-qualified estate planner tax attorney's to represent themselves in this IRS controversy. They also apparently retained a well-qualified estate planning attorney as the registered agent for the LLC. But we have seen no indication that any tax professional having extensive experience with the unique characteristics of trader status was ever retained or consulted with by the taxpayers.
Taxpayers who qualify to file as Trader Status may optionally "elect" to do so simply by filing with the IRS a tax return reflecting this procedure for the "election" year, as described below and more fully in the a href="traderstatus/order.htm#TaxPlan">TradersTaxPlan, and then optionally "elect" again for each ensuing year. Note: do not confuse "electing" TraderStatus with electing market-to-market.
This "election" treats what might otherwise be Schedule A "itemized deductions" as Schedule C "ordinary and necessary business expenses." Generally a trader must make the "election" by filing a tax return or amended or superseding tax return that reflects this procedure (we suggest traders use certified mail with return-receipt-requested) with the IRS office where the trader normally mails his or her tax filings (1040, 1040X, 1065, 1120S, etc.) within the prescribed statute of limitation period. That normally means within three years after the due date of the original tax return. The IRS has seen tens of thousands of taxpayers who have made the decision to file this way since 2000.
Some other features of Trader Status are: (see Mark-to-Market Trader for different features)
Effective for years 2011 and thereafter, there is a complicated reconciliation of IRS form 8949 and the broker issued form 1099-B that is required. The year's net trading losses are "capital losses" and are therefore limited to the annual $3,000 "capital loss" limitation. The year's net trading losses get added to any existing balance of your prior years' capital loss carryforwards. The year's net trading gains are "capital gains" and are therefore offset against any old prior years' "capital loss" carryforwards. The year's net trading gains, while part of a trade or business, are nonetheless not subject to Self-Employment tax under IRS Code §1402(a)(3)(A) as further clarified by IRS Code §1402(i) because they are taxed as "capital gains" (and they are of course subject to the capital gain tax rates). Since net trading gains are not subject to Self-Employment tax no deduction for an IRA or other Retirement plan or Health Insurance plan may be directly based on them. The year's net trading gains remaining after any offsetting capital loss carryforwards are usually taxed at the short-term (held less than twelve months) capital gains rate. Additionally, it is possible that some securities, if inherited or if held in excess of twelve months, may be taxed at the lower long-term capital gains rate. The year's net trading gains in §1256 contracts (futures) are usually taxed 40% at the short-term (held less than twelve months) capital gains rate and 60% at the long-term (held more than twelve months) capital gains rate. The year's trading gains in each specific §988 transaction (FOREX) is usually taxed at your regular ordinary rates as interest income and net losses are deducted as interest expense. Stocks are identified as either being subject to trader status or as held for investment. Expenses associated with the investment securities are not subject to full deductibility as business expenses, but rather are itemized deductions subject to limitations. The Wash Sales rules are applicable for these securities. A wife may have a trader status business separate and apart from her husband's. Any paper gains or losses on securities held overnight on December 31st are usually deferred until they are actually sold and are not shown on the current year's tax return. Sole proprietors report expenses (which generally includes margin interest) on Schedule C and trading activity (which generally includes the commissions thereon) on Schedule D, (see instructions page D-3 "Traders in Securities"). Sole proprietors may report each sale on an IRS Schedule D-1. IRS may restrict the old "see statement attached" along with summary totals, effective with the 2005 form 1040. Also there's no allowable "details provided upon request" either (see instructions page D-6). Partners, LLC members and S-Corp shareholders report passthru amounts on Schedule E and other tax forms. Partners, LLC members, S-Corp shareholders and C-Corp shareholders may be subject to Self-Employment tax and therefore may be able to have a deduction for a Retirement plan or Health Insurance plan.
A securities trader is someone engaged primarily in speculative activity from which he or she derives most of his or her income, seeking to profit from short-term market swings . (Liang v. Comr.)
Definition of a Securities Trader.
The Taxpayer Relief Act of 1997 summarized that " traders in securities generally are taxpayers who engage in a trade or business involving active sales or exchanges of securities on the market. rather than to customers."
Definition of a Securities Trader - Tax Court.
& quot ;. in order to qualify as a Schedule C trader in securities, a taxpayer is generally required to rely on trading activity as a primary source of income and meet meticulous recordkeeping standards."
EDWARD R. VOCCOLA, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
MARK N. KANTOR AND MARLA R. KANTOR, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
What a typical Trader in Securities looks like (per the Courts):
A trader purchases and sells securities frequently to catch the daily market movements and to profit on a short-term basis. (C.H. Liang v Commr) A trader's profits are derived through direct management of purchasing and selling. (R.E. Purvis v Commr) A trader does not perform merchandising functions or any services that need be compensated, and does not have any customers. (G.R. Kemon v Commr) A trader engages in a continuous volume and magnitude of purchases and sales. (J.M. Ferguson, Sr. v Commr) The amount of time spent on trading is important to trader status. (Chemical Bank & Trust Co. v US) A trader's activities are directed to short-term trading, not the long-term holding of investments, and income principally is derived from the sale of securities rather than from dividends and interest paid on those securities. Relevant considerations in determining whether a taxpayer is a trader or investor are the taxpayer's investment intent , the nature of the income to be derived from the activity, and the frequency, extent, and regularity of the taxpayer's securities transactions. (R.E. Purvis v Commr) Consider the subjectivity of what in particular is meant by the frequency, extent and regularity of transactions that identify the person entering into them as a trader rather than an investor. A trader engages in transactions almost daily for a continuous period that exceeds a single tax year. (F.Chen v Commr) Traders ordinarily engage in trading activity as a sole or primary source of income . (F.Chen v Commr)
Definition of a Securities Trader.
The 2000 to 2011 instructions for form 1040, Schedule D state: "To be engaged in business as a trader in securities: You must seek to profit from daily market movements in the prices of securities and not from dividends, interest, or capital appreciation. Your activity must be substantial . You must carry on the activity with continuity and regularity . The following facts and circumstances should be considered in determining if your activity is a business. Typical holding periods for securities bought and sold. A frequência e o montante em dólares dos seus negócios durante o ano. A medida em que você persegue a atividade para produzir renda para sustento. The amount of time you devote to the activity."
Definition of a Securities Trader per proposed REG-130507-11 December 5, 2012.
(C)(i) Distinguishing between dealers, traders, and investors.
ment and the IRS emphasize that the proposed regulations do not change the state of the law with respect to classification of traders, dealers, or investors for purposes of chapter 1.
Definition of a Part-Time Trader.
The Internal Revenue Service recently took a quasi-position regarding "part-time traders" which is discussed at this link: Part-time traders and other special situations. Part-time traders should strongly consider forming a separate entity to trade through to avoid, as much as possible, negative IRS issues.
Definition of a business determined from per IRS Summertime Tax Tip 2009-18:
Here are eight questions that will help determine if your activity is a business: Is the purpose of your activity to make a profit? Generally, your activity is considered a business if it is carried on with the reasonable expectation of earning a profit. Do you participate in your activity just for fun? Playing the market for enjoyment of it and not pursued for significant profit. Do you depend on income from the activity? If so, your activity is likely considered a business. Have you changed methods of operation to improve profitability? If so, your activity may actually be a business. Do you have the knowledge needed to carry on the activity as a successful business? People who carry out the activity without obtaining the training, books and studies often don't have the business acumen to turn their not-for-profit activity into a profitable business venture. Have you made a profit in similar activities in the past? This may indicate your activity is a business rather than not-for-profit. An activity is presumed carried on for profit if it makes a profit in at least three of the last five tax years, including the current year - or at least two of the last seven years for activities that consist primarily of breeding, showing, training or racing horses. Does the activity make a profit in some years? Even if your activity does not make a profit every year, it still may be considered a business. Do you expect to make a profit in the future from the appreciation of assets used in the activity? This indicates your activity may be a business rather than a hobby. MY COMMENT: Though tax court cases have differed from this IRS position when it comes to the business of a "securities trader."
Definition of a Securities Trader from IRS Auditors' guide book:
What Is a Securities Trader?
"Although the Supreme Court has yet to find a taxpayer properly characterized as a 'securities trader,' it is clear that such a 'businessman' exists, given the proper facts." (Levin v. United States, 79-1 U.S.T.C. 9331) The standard applied by the lower courts to distinguish between an investor and a trader was first enunciated by the Tax Court in Liang v. Commissioner (23 T.C. 1040): "In the former, securities are purchased to be held for capital appreciation and income, usually without regard to short-term developments that would influence the price of securities on the daily market. In a trading account, securities are bought and sold with reasonable frequency in an endeavor to catch the swings in the daily market movements and profit thereby on a short-term basis. There is general agreement amongst the courts (Moeller v. United States, 83-2 U.S.T.C. 9698 and Purvis v. Commissioner, 76-1 U.S.T.C. 9270) that the following factors are to be considered in determining whether a taxpayer is an investor or engaged in the trade or business of securities trading:
Items 2 and 3 are objective (and quantitative) indicators of intent which are principally relied on. Taxpayers who mention "capital appreciation" or even "conservation of capital" do not prevail. Significant long term capital gains, and even dividends and interest, are strong indications of an investor and not a trader.
In one instance, the Court of Claims (Mayer v. United States, 94-2 U.S.T.C. 50,509) took the position that a taxpayer who carefully selected money managers and farmed out a portion of his funds to each could not be considered a securities trader since he did not actually make any purchase or sale decisions himself; - To claim a trade or business deduction, taxpayer must himself perform the activity characterizing the 'trade or business' citing Groetzinger (87-1 U.S.T.C. 9191). The Tax Court considered the same taxpayer for subsequent years and came to the same result based on holding period and frequency of trading. (Mayer v. Commissioner, TCM 1994-209)
The Supreme Court provided in Higgins that expenses related to real estate rental were deductible and that office and salary expenses could reasonably be allocated between investment and trade or business. Accordingly, even where it has been determined that a partnership is engaged in the trade or business of securities trading, care must taken to ensure that any portion of the partnership's activity or expenses that are properly allocable to investment should be separately stated.
Typical analysis made during an IRS examination (form 886A):
The Internal Revenue Code does not define the term "trade or business" for purposes of I.R.C. §162. Whether activities constitute a trade or business is a question of fact.
In determining whether a taxpayer is a trader, nonexclusive factors to consider are:
the taxpayer's intent, the nature of the income to be derived from the activity, and the frequency, extent and regularity of the taxpayer's securities transactions. (Moller v. United States, 721 F.2d 810,813 (Fed.Cir.1983))
For a taxpayer to be a trader the trading activity must be substantial, which means "frequent, regular and continuous enough to constitute a trade or business" as opposed to sporadic trading. (Ball v. Comr, T.C. Memo 2000-245 ) A taxpayer's activities constitute a trade or business where both of the following requirements are met:
the taxpayer's trading is substantial, and the taxpayer seeks to catch the swings in the daily market movements and to profit from these short-term changes rather than to profit from the long-term holdings of investments. (Mayer c. Comr, T.C. Memo 1994-209)
IRC Sec. 469. Passive Activity Rules show consistency in the requirements for regular, continuous and substantial.
§469(h) Material Participation Defined.
For purposes of this section--
§469(h)(1) In General.
A taxpayer shall be treated as materially participating in an activity only if the taxpayer is involved in the operations of the activity on a basis which is-- §469(h)(1)(A) regular, §469(h)(1)(B) continuous, and §469(h)(1)(C) substantial.
IRS ATG on Passive Activity Losses.
There are two major exceptions to the passive loss rules:
Publicly Traded Partnerships (PTP) have a special Passive Activity Rule:
Income from commodities and commodity futures, forwards, and options with respect to commodities (including options) if the partnership's principal activity is buying and selling commodities are considered passive activity income for PTP's §7704(d)(1).
Definition of a Commodities Trader.
For purposes of this paragraph --
1258(d)(5)(B)(i) Options Dealer. -
The term 'options dealer' has the meaning given such term by section 1256(g)(8).
1258(d)(5)(B)(ii) Commodities Trader. -
The term 'commodities trader' means any person who is a member (or, except as otherwise provided in regulations, is entitled to trade as a member) of a domestic board of trade which is designated as a contract market by the Commodity Futures Trading Commission.
1256(g)(8) Options Dealer.
1256(g)(8)(A) In General.
The term "options dealer" means any person registered with an appropriate national securities exchange as a market maker or specialist in listed options.
1256(g)(8)(B) Persons Trading In Other Markets.
In any case in which the Secretary makes a determination under subparagraph (C) of paragraph (7), the term "options dealer" also includes any person whom the Secretary determines performs functions similar to the persons described in subparagraph (A). Such determinations shall be made to the extent appropriate to carry out the purposes of this section.
Definition of Commodities-Futures Dealers (Traders) from H.R. Conf. Rep. No. 106-1033, at 1036 (2000):
The determination of who is a dealer in securities futures contracts is to be made in a manner that is appropriate to carry out the purposes of the provision, which generally is to provide comparable tax treatment between dealers in securities futures contracts, on the one hand, and dealers in equity options, on the other. Although traders in securities futures contracts (and options on such contracts) may not have the same market-making obligations as market makers or specialists in equity options, many traders are expected to perform analogous functions to such market makers or specialists by providing market liquidity for securities futures contracts (and options) even in the absence of a legal obligation to do so. Accordingly, the absence of market-making obligations is not inconsistent with a determination that a class of traders are dealers in securities futures contracts (and options), if the relevant factors, including providing market liquidity for such contracts (and options), indicate that the market functions of the traders is comparable to that of equity options dealers. Internal Revenue Bulletin: 2004-38.
Definition of a Trader from the preamble to proposed Reg. 1.1411.
A person will be a trader, and therefore engaged in a section 162 trade or business, if his or her trading is frequent and substantial, which has been rephrased as "frequent, regular, and continuous." Boatner v. Comm'r , T.C. Memorando. 1997-379, aff'd in unpublished opinion 164 F.3d 629 (9th Cir. 1998) .
IRS web site Tax Topic 429.
This topic explains if an individual who buys and sells securities qualifies as a trader in securities for tax purposes and how traders must report the income and expenses resulting from the trading business. The term security is defined in Internal Revenue Code section 475(c)(2). In general, the term security includes a share of stock, beneficial ownership interests in certain partnerships and trusts, evidence of indebtedness, and certain notional principal contracts, as well as evidence of an interest in, or a derivative financial instrument in, any of these items and certain identified hedges of these items. Please refer to section 475(c)(2) for a complete list of items that qualify as a security. To better understand the special rules that apply to traders in securities, it is helpful to review the meaning of the terms investor, dealer, and trader, and the different manner in which they report the income and expenses relating to their activities.
Investors typically buy and sell securities and expect income from dividends, interest, or capital appreciation. They buy and sell these securities and hold them for personal investment; they are not conducting a trade or business. Most investors are individuals. Sales of these securities result in capital gains and losses that must be reported on Form 1040, Schedule D (PDF), Capital Gains and Losses and on Form 8949 (PDF), Sales and Other Dispositions of Capital Assets , as appropriate. Investors are subject to the capital loss limitations described in section 1211(b), in addition to the section 1091 wash sales rules. Os investidores podem beneficiar de uma dedução das despesas de produção de renda tributável. These include expenses for investment counseling and advice, legal and accounting fees, and investment newsletters. They report these expenses on Form 1040, Schedule A (PDF), Itemized Deductions , as miscellaneous deductions allowable to the extent that they exceed 2% of adjusted gross income. They can also deduct interest paid for money to buy or carry investment property that produces taxable income on Schedule A, but under section 163(d), the deduction cannot exceed the net investment income. Commissions and other costs of acquiring or disposing of securities are not deductible but must be used to figure gain or loss upon disposition of the securities. Review Topic 703, Basis of Assets for additional information. Investment income is not subject to self-employment tax. For more information on investors, refer to Publication 550, Investment Income and Expenses .
Dealers in securities may be individuals or business entities. Dealers purchase, hold, and sell securities to their customers in the ordinary course of their trade or business. Sometimes they maintain an inventory. Dealers are distinguished from investors and traders because they have customers and derive their income from marketing securities for sale to customers. Section 475 requires dealers to keep and maintain records that clearly identify securities held for personal gain versus those held for use in their business activity. Dealers must report gains and losses associated with dispositions of securities by using the mark-to-market rules discussed below.
Special rules apply if you are a trader in securities, in the business of buying and selling securities for your own account. The law considers this to be a business, even though a trader does not maintain an inventory and does not have customers. To be engaged in business as a trader in securities, you must meet all of the following conditions:
You must seek to profit from daily market movements in the prices of securities and not from dividends, interest or capital appreciation; Your activity must be substantial; and You must carry on the activity with continuity and regularity.
The following facts and circumstances should be considered in determining if your activity is a securities trading business:
Typical holding periods for securities bought and sold; The frequency and dollar amount of your trades during the year; The extent to which you pursue the activity to produce income for a livelihood; and The amount of time you devote to the activity.
If the nature of your trading activities does not qualify as a business, you are considered an investor, and not a trader. It does not matter whether you call yourself a trader or a day trader, you are an investor. A taxpayer may be a trader in some securities and may hold other securities for investment. The special rules for traders do not apply to the securities held for investment. A trader must keep detailed records to distinguish the securities held for investment from the securities in the trading business. The securities held for investment must be identified as such in the trader's records on the day he or she acquires them (for example, by holding them in a separate brokerage account).
Traders report their business expenses on Form 1040, Schedule C (PDF), Profit or Loss From Business . The Schedule A limitations on investment interest expense, which apply to investors, do not apply to interest paid or incurred in a trading business. Commissions and other costs of acquiring or disposing of securities are not deductible but must be used to figure gain or loss upon disposition of the securities. See Topic 703, Basis of Assets . Gains and losses from selling securities from being a trader are not subject to self-employment tax.
The Mark-to-Market Election.
Traders can choose to use the mark-to-market rules, investors cannot. If a trader does not make a valid mark-to-market election under section 475(f), then he or she must treat the gains and losses from sales of securities as capital gains and losses and report the sales on Form 1040, Schedule D (PDF), Capital Gains and Losses and on Form 8949 (PDF), Sales and Other Dispositions of Capital Assets , as appropriate. When reporting on Schedule D, both the limitations on capital losses and the wash sales rules continue to apply. However, if a trader makes a timely mark-to-market election, then he or she can treat the gains and losses from sales of securities as ordinary gains and losses (except for securities held for investment - see above) that must be reported on Part II of Form 4797 (PDF), Sales of Business Property . Neither the limitations on capital losses nor the wash sale rules apply to traders using the mark-to-market method of accounting.
In general, a trader must make the mark-to-market election by the due date (not including extensions) of the tax return for the year prior to the year for which the election becomes effective. You can make the election by attaching a statement either to your income tax return or to a request for an extension of time to file your return. The statement should include the following information:
That you are making an election under section 475(f); The first tax year for which the election is effective; and The trade or business for which you are making the election.
Refer to the Form 1040, Schedule D Instructions (PDF), Capital Gains and Losses , for more information on how to make the mark-to-market election.
After making the election to change to the mark-to-market method of accounting, you must change your method of accounting for securities under Revenue Procedure 2011-14 (revenue procedures are available on IRS.gov). In addition to making the election, you will also be required to file a Form 3115 (PDF), Application for Change in Accounting Method . Publication 550 describes the procedures for making an election under the section called "Special Rules for Traders in Securities."
If you have made a valid election under section 475(f), the only way to stop using mark-to-market accounting for securities is to request and receive written permission from the Service to revoke the election. Non-filing of the Form 3115 mentioned above will not invalidate a timely and valid election. To request permission to revoke your election under section 475(f), you must file a second Form 3115 and pay a fee.
Above IRS Tax Topic was Last Reviewed or Updated: March 06, 2015.
and Page Last Reviewed or Updated: May 12, 2015.
The changes in the various revisions from 2010 through 2014 are shown below:
Additions / Deletions/ Deletions/ Deletions/ 2011Additions/ 2013 Additions/ 2014 Additions/ 2015 Additions over the years are indicated by the colored edits inserted below. Please use the IRS link above to read the current version without seeing all the clutter of the ensuing changes.
This tax topic explains whether if an individual who buys and sells securities qualifies as a " trader in securities ," for tax purposes and how traders must report the income and expenses resulting from the trading business. (deleted December 2015> In order to better understand the special rules that apply to traders in securities, it is helpful to first review the meaning of the term s: "security," "investor," "dealer," and "trader," and the different manner in which investors they report the income and expenses relating to their investment activities. Internal Revenue Code Section 1236 defines "security" as any share of stock in any corporation, certificate of stock or interest in any corporation, note, bond, debenture, or evidence of indebtedness, or any evidence of an interest in or right to subscribe to or purchase any of the foregoing. < deleted December 2015) The term security is defined in Internal Revenue Code section 475(c)(2). In general, the term security includes a share of stock, beneficial ownership interests in certain partnerships and trusts, evidence of indebtedness, and certain notional principal contracts, as well as evidence of an interest in, or a derivative financial instrument in, any of these items and certain identified hedges of these items. Please refer to section 475(c)(2) for a complete list of items that qualify as a security. To better understand the special rules that apply to traders in securities, it is helpful to review the meaning of the terms investor, dealer, and trader, and the different manner in which they report the income and expenses relating to their activities.
Comment: The previous paragraph was modified on the IRS web site in January 2013. Just prior to that, the proposed IRS Regulation 1.1411-5 made reference to "trading in financial instruments or commodities." We feel that it would be helpful for the IRS website to address these terms as well as the terms listed above.
& quot; Investors " typically buy and sell securities and expect income from dividends, interest, or capital appreciation. They buy and sell these items and hold them for personal investment; they are not conducting a trade or business. ** Most investors are individuals. ** Sales of these securities result in capital gains and losses that must be reported on Form 1040, Schedule D (PDF) , Capital Gains and Losses and on Form 8949 (PDF), Sales and Other Dispositions of Capital Assets , as appropriate . Investors are subject to the capital loss limitations described in section 1211(b), in addition to the section 1091 wash sales rules. Investors can generally deduct may be able to benefit from a deduction for the expenses of producing taxable investment income. These include expenses for investment counseling and advice, legal and accounting fees, and investment newsletters. T hey report t hese expenses are deductible reported on Form 1040, Schedule A (PDF). (PDF), Itemized Deductions , as miscellaneous deductions to the extent that they exceed 2% of adjusted gross income. They can also deduct Interest paid on money to buy or carry investment property that produces taxable income is also deductible on Schedule A, but under section 163(d) the deduction cannot exceed the net investment income. Commissions and other costs of acquiring or disposing of securities are not deductible but must be used to figure gain or loss upon disposition of the securities. Review Topic 703 , Basis of Assets for additional information. Investment income An investor is not subject to self-employment tax. For more information on investors, refer to Publication 550, Investment Income and Expenses.
& quot; Dealers " in securities ** may be individuals or business entities. ** Dealers purchase, and hold securities , and sell securities to their customers in the ordinary course of their trade or business; sometimes they maintain an inventory. Dealers are distinguished from investors and traders because they have customers , and derive their income from marketing securities for sale to customers. , and may charge their clients fees for services rendered. Because they are in the trade or business of buying and selling, the gains and losses of dealers are classified per section 1236 as ordinary gains and losses. Section 1236 also requires that dealers must Section 475 requires dealers to keep and maintain records that clearly identify securities held for personal gain versus those held for use in their business activity. Dealers who are individuals must report their expenses on Form 1040, Schedule C (PDF). They report the income in excess of their trading activities on Schedule C as well; however, they report gains and losses associated with dispositions of securities by using the mark-to-market rules discussed further below.
Special rules apply if you are a trader in securities, in the business of buying and selling securities for your own account. ** Note that unlike the new 2013 text in the paragraphs above, the IRS is silent here as to whether a trader in securities is usually an individual, or a business entity. ** The law considers this to be This is considered a business, even though a trader does not you do not maintain an inventory and does d o not have clients customers . To be engaged in business as a trader in securities, you must meet all of the following conditions:
You must seek to profit from daily market movements in the prices of securities and not from dividends, interest, or capital appreciation. Your activity must be substantial, and You must carry on the activity with continuity and regularity.
The following facts and circumstances should be considered in determining if your activity is a securities trading business:
Typical holding periods for securities bought and sold. A frequência e o montante em dólares dos seus negócios durante o ano. The extent to which you pursue the activity to produce income for a livelihood, and The amount of time you devote to the activity.
If the nature of your trading activities does not qualify as a business, you are considered an investor, and not a trader. It does not matter whether you call yourself a trader or a " day trader , " you are an investor. Further, As with dealers, a A taxpayer may be a trader in some securities and may hold other securities for investment. The special rules for traders do not apply to the securities held for investment. A trader must keep detailed records to distinguish the securities held for investment from the securities in the trading business. The securities held for investment must be identified as such in the trader's records on the day he or she acquires them (for example, by holding them in a separate brokerage account) .
Traders report their business expenses on Form 1040, Schedule C (PDF), Profit or Loss From Business . The limit Schedule A limitations on investment interest expense, which appl y ies to investors, do es not apply to interest paid or incurred in a trading business. Commissions and other costs of acquiring or disposing of securities are not deductible but must be used to figure gain or loss upon disposition of the securities. See Topic 703, Basis of Assets . (deleted early 2013 but put back in in 2014> Gains and losses from selling securities from being a trader as part of a trading business are not subject to self-employment tax. <deleted early 2013 but put back in in 2014) (deleted early 2014> Dividends, interest from securities, and gain or loss from the sale of capital assets are not considered proceeds from self-employment income unless received by a dealer in stocks and securities in the course of their business. Review the Form 1040, Schedule SE Instructions , Self-Employment Tax .
(the early 2014 version of the above paragraph is repeated/shown below without the clutter of the changes)
Traders report their business expenses on Form 1040, Schedule C (PDF), Profit or Loss From Business . The Schedule A limitations on investment interest expense, which apply to investors, do not apply to interest paid or incurred in a trading business. Commissions and other costs of acquiring or disposing of securities are not deductible but must be used to figure gain or loss upon disposition of the securities. See Topic 703, Basis of Assets . Gains and losses from selling securities from being a trader are not subject to self-employment tax.
(deleted early 2014> In addition to the deduction of their business expenses on Schedule C, <deleted early 2014) traders are entitled to an (deleted early 2014> additional <deleted early 2014) option not extended to investors : , the usage of the mark-to-market rules election . T o explain, t he tax treatment of sales of securities held in connection with a trading business depends on whether a trader has previously made an election under section 475(f) to use the mark-to-market method of accounting. If the mark-to-market election was not made, then the gains and losses from sales of securities are treated as capital gains and losses that must be reported on Form 1040, Schedule D (PDF). The $3,000 limitation When reporting on Schedule D, b B oth the limitations on capital losses and the wash sale rules continue to apply. However, if the mark-to-market election was timely made, then the gains and losses from sales of securities are treated as ordinary gains and losses (except for securities held for investment - see above) that must be reported on Part II of Form 4797 (PDF), Sales of Business Property . Further, neither the limitations on capital losses nor the wash sale rules apply to traders using the mark-to-market method of accounting.
(the December 2014 version of the above paragraph is shown below without the clutter of the changes)
Traders can choose to use the mark-to-market rules, investors cannot. If a trader does not make a valid mark-to-market election under section 475(f), then he or she must treat the gains and losses from sales of securities as capital gains and losses and report the sales on Form 1040, Schedule D (PDF), Capital Gains and Losses and on Form 8949 (PDF), Sales and Other Dispositions of Capital Assets, as appropriate. When reporting on Schedule D, both the limitations on capital losses and the wash sales rules continue to apply. However, if a trader makes a timely mark-to-market election, then he or she can treat the gains and losses from sales of securities as ordinary gains and losses (except for securities held for investment - see above) that must be reported on Part II of Form 4797 (PDF), Sales of Business Property. Neither the limitations on capital losses nor the wash sale rules apply to traders using the mark-to-market method of accounting.
(deleted early 2014> The Mark-to-Market Election <deleted early 2014)
In general, the mark-to-market election must be made by the due date (not including extensions) of the tax return for the year prior to the year for which the election becomes effective. To make the mark-to-market election for 2004, you must file a statement by April 15, 2004. This statement should be attached to either your 2003 individual income tax return or to a request for an extension of time to file that return. To make the mark-to-market election for 2005, you must file a statement by April 15, 2005. This statement should be attached to either your 2004 individual income tax return or to a request for an extension of time to file that return. You can make the election The election is made by attaching a statement either to your income tax return or to a request for an extension of time to file your return. [ Comment: After at least three revisions, the IRS verbiage in this last sentence still causes dangerous confusion for taxpayers. My suggestion is: "If you are a trader in securities, who is operating as a sole proprietorship, the election is made by attaching a statement to your timely filed individual income tax return, form 1040 (filed timely without the need for a request for an extension of time to file); or by attaching a statement to your timely filed request for an extension of time to file, form 4868."] The statement should include the following information:
That you are making an election under section 475(f) of the Internal Revenue Code ; The first tax year for which the election is effective; and The trade or business for which you are making the election.
Comment: While the IRS' header here clearly states that this text pertains to "Traders in Securities (Information for Form 1040 Filers )" it wouldn't have hurt to point out that the rules for "Traders in Commodities" (which includes Futures trading) is a separate election. Most taxpayer and their tax advisors are unaware of this fact. Also when there are multiple taxpayers/entities involved, most taxpayer and their tax advisors are not aware of which taxpayer/entity makes the election in order for it to be valid and binding. And also that "Traders in FOREX" (Foreign Exchange) have yet a completely different system of tax elections.]
After making the election to change to the mark-to-market method of accounting, you must change your method of accounting for securities under Revenue Procedure 2002-9, as modified by Revenue Procedure s 2002-19. (deleted mid 2013> 2008-52 , 2009-39 and <deleted mid 2013) 2011-14 . In addition to making the election, you will also be required to file a Form 3115 (PDF), Application for Change in Accounting Method . The procedures for making an election are described in Publication 550 under the section called "Special Rules for Traders in Securities" , You may also refer to Revenue Procedure 90-17. and FAQs on our Web site.
(the December 2014 version of the above paragraph is shown below without the clutter of the changes)
After making the election to change to the mark-to-market method of accounting, you must change your method of accounting for securities under Revenue Procedure 2011-14 (revenue procedures are available on IRS.gov). In addition to making the election, you will also be required to file a Form 3115 (PDF), Application for Change in Accounting Method. Publication 550 describes the procedures for making an election under the section called "Special Rules for Traders in Securities."
Comment: The following green paragraph was recently added to the IRS web site, apparently as their attempt to circumvent a a long-standing position of TraderStatus that a taxpayer who is changing his method of accounting to M2M must timely file both the election statement (in advance) and the form 3115 one year later. With the obvious loophole being that a taxpayer could file a protective advance election statement (year-after-year if desired) and then using hindsight either perfect that year's election by filing form 3115, or purposefully fail to file form 3115 and thereby cancel out their protective election statement.
Rev. Proc. 99-49 Sec 6.02(2) required "Timely duplicate filing" of form 3115 in order to change the taxpayer's accounting method.
Rev. Proc. 2002-9 Sec 6.02(3) required "Timely duplicate filing" of form 3115 in order to change the taxpayer's accounting method.
Rev. Proc. 2002-19 Sec 4.04(1)(c) required that the taxpayer "must complete and file a revised Form 3115 in duplicate".
Rev. Proc. 2008-52 Sec 6.02(3) requires "Timely duplicate filing" of form 3115 in order to change the taxpayer's accounting method.
Rev. Proc. 2009-39 may require sending a third "Additional copy of Form 3115" to: IRS, 1973 North Rulon White Blvd., Mail Stop 4917, Ogden, UT 84404.
Rev. Proc. 2011-14 Sec 6.02(3)(a)(ii)(B) clarifies that the Ogden copy is in lieu of the duplicate national office copy.
If you have made a valid election under section 475(f), the only way to stop using mark-to-market accounting for securities is to request and receive written permission from the Service to revoke the election. Non-filing of the Form 3115 mentioned above will not invalidate a timely and valid election. To request permission to revoke your election under section 475(f), you must file a second Form 3115 and pay a fee. ($625 or $2,500)
Above IRS Tax Topic was Last Reviewed or Updated: March 04, 2010.
and Page Last Reviewed or Updated: February 07, 2011.
and Page Last Reviewed or Updated: March 01, 2011.
and Page Last Reviewed or Updated: September 23, 2011.
(no changes were made between February 7, 2011 and September 23, 2011)
and Page Last Reviewed or Updated: December 22, 2011.
and Page Last Reviewed or Updated: August 11, 2012.
and Page Last Reviewed or Updated: November 7, 2012)
and Page Last Reviewed or Updated: January 04, 2013.
and Page Last Reviewed or Updated: August 19, 2014.
(no changes were made between February 27, 2014 and August 19, 2014)
SECTION 23. MARK-TO-MARKET ACCOUNTING METHOD FOR DEALERS IN SECURITIES (§ 475)
.01 Commodities dealers, securities traders, and commodities traders electing to use the mark-to-market method of accounting under § 475(e) or (f) .
(1) Description of change . This change applies to certain taxpayers that have elected to use the mark-to-market method of accounting under § 475(e) or (f). Under § 475(e) and (f) and Rev. Proc. 99-17, 1999-1 C.B. 503, if a taxpayer makes an election under § 475(e) or (f), then beginning with the first taxable year for which the election is effective (election year), mark to market is the only permissible method of accounting for securities or commodities subject to the election. Thus, if the electing taxpayer’s method of accounting for its taxable year immediately preceding the election year is inconsistent with § 475, the taxpayer is required to change its method of accounting to comply with the election. A taxpayer that makes a § 475(e) or (f) election but fails to change its method of accounting to comply with that election is using an impermissible method. See section 4 of Rev. Proc. 99-17.
(2) Scope . This change applies to a taxpayer if all of the following conditions are satisfied:
(a) the taxpayer is a commodities dealer, securities trader, or commodities trader that has made a valid election under § 475(e) or (f) ( see section 5.03(1) of Rev. Proc. 99-17) and that is required to change its method of accounting to comply with the election;
(b) the method of accounting to which the taxpayer changes is in accordance with its election under § 475(e) or (f); e.
(c) the year of change is the election year.
(3) Scope limitations inapplicable . The scope limitations in section 4.02 of this revenue procedure do not apply to this change.
(4) Election under Rev. Proc. 99-17 . In accordance with section 5.03(1) of Rev. Proc. 99-17, in order to make a section 475(e) or (f) election, a taxpayer must file a statement satisfying the requirements in section 5.04 of Rev. Proc. 99-17. The statement must be filed not later than the due date (without regard to extensions) of the original federal income tax return for the taxable year immediately preceding the election year and must be attached either to that return or, if applicable, to a request for an extension of time to file that return. For example, if a calendar year individual taxpayer wants to make a section 475(e) or (f) election for 2009 (the election year), the taxpayer must file the statement on or before April 15, 2009, with the taxpayer’s timely filed (without regard to extensions) federal income tax return for 2008 or the taxpayer’s timely filed request for an extension of time to file the 2008 federal income tax return. On the Form 3115 filed for the year of change, a taxpayer should indicate that the taxpayer has filed the statement in compliance with section 5.03(1) of Rev. Proc. 99-17.
(5) Designated automatic accounting method change number . The designated automatic accounting method change number for a change under section 23.01 of this APPENDIX is "64." See section 6.02(4) of this revenue procedure.
(6) Contact information . For further information regarding a change under this section, contact Eric E. Boody at 202-622-3950 (not a toll-free call).
tax advice including, for example, fees paid to TraderStatus ™ trading counsel subscriptions to financial magazines and newspapers trader guides and books custodial fees seminars and ongoing education (if not merely qualifying an investor to become a trader) Most start-up and early organization expenses incurred after October 22, 2004 for an entity are fully deductible, rather then being amortized over 60 months as the earlier rule required. The deduction is claimed for the year the business starts, and not the year the payments are made (if made in an earlier year) start-up and organizational costs ( paid after 10/22/04 ) up to $5,000 maximum is deducible in the first year (through 2009) up to $10,000 maximum is deducible in the first year (starting 1/1/2010) any amount over $5,000/$10,000 generally must be amortized over 15 years election is only allowed if tax return is not filed late for items paid or incurred after 10/2204 and before 9/9/08 the irrevocable default is to capitalize them for items paid or incurred after 9/8/08 the irrevocable default is to expense them dedicated telephone usage and long distance cell phone, pager and messenger fees wireless trading fees cable fees on-line services and connection fees real-time quotes, charting and analysis stock tip services & newsletters and news service fees trader chat room fees or subscriptions office rent (but not if paid to yourself) office supplies, postage, bank charges and wire fees certain club memberships, dues and fees clerical and record keeping expenses prepayments that do not extend beyond 12 months are deductible when paid, except these have some limitations: prepaid interest prepaid rent prepaid leases prepaid taxes wages paid to your spouse, kids, or parents for their assistance deductible retirement plans, including the Single-Participant 401k on those wages (click here for more) (if the business is properly designed) a non-deductible Roth IRA in lieu of a regularly deductible IRA.
To use the standard mileage rate, you must own or lease the car and:
You must not operate five or more cars at the same time, as in a fleet operation, You must not have claimed a depreciation deduction for the car using any method other than straight-line, You must not have claimed a Section 179 deduction on the car, You must not have claimed the special depreciation allowance on the car, You must not have claimed actual expenses after 1997 for a car you leased, and You cannot be a rural mail carrier who received a "qualified reimbursement."
Further, to use the standard mileage rate for a car you own, you must choose to use it in the first year the car is available for use in your business. Then, in later years, you can choose to use the standard mileage rate or actual expenses.
However, for a car you lease, if you choose the standard mileage rate, you must use the standard mileage rate method for the entire lease period (including renewals).
To use the actual expense method, you must determine what it actually costs to operate the car for the portion of the overall use of the car that is business use. Include gas, oil, repairs, tires, insurance, registration fees, licenses, and depreciation (or lease payments) attributable to the portion of the total miles driven that are business miles.
Other car expenses for parking fees and tolls attributable to business use are separately deductible, whether you use the standard mileage rate or actual expenses.
Meals Deductible Percentage Under 274(n)(3)
55% for years beginning in 1998, 1999.
60% for years beginning in 2000, 2001.
65% for years beginning in 2002, 2003.
70% for years beginning in 2004, 2005.
75% for years beginning in 2006, 2007.
80% for years beginning in 2008, 2009.
Section 274(n)(3) provides a special rule that increases the percentage that can be deducted for meals of persons, such as truck drivers, who are subject to the hours of service limitations established by the Department of Transportation.
Commissions paid to your brokers are capitalized and applied to reduce capital gain or increase capital loss when you sell the stock.
Open a checking account for the business, separate from a personal use account Obtain a credit card for the business, separate from a personal use card Take a training class, attend a seminar, buy books on how to make the business profitable Set up a budget for the business and/or a projection showing goals and profit ability in future years Document you plans, at least annually showing goals for the year to make the business profitable.
Additional informational overview sites:
1 Mostafavi, California State Board of Equalization, July 1, 2005, The taxpayer was not in the business of being a day trader and was not entitled to related business expense deductions, because he did not trade frequently, regularly, and continuously throughout the year and his trading activity was not the primary source of his income during the year. The taxpayer conducted only 238 trades on 83 days during the year, and he had a full-time job as a field sales engineer.
2 Deduction for Business Use of Your Home.
Taxpayers who qualify to file as Trader Status may optionally elect, by a filing with the IRS, to irrevocably use as their accounting system the "Mark-to-Market" método. This accounting method treats what would normally be Schedule D "capital gains and losses" as "ordinary gains and losses" and also exempts these "ordinary gains and losses" from the wash sale rule .