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FX TRADER
LINK (FXTL) -
A POWERFUL
NEW IDEA ..
BUT BE CAREFUL, PLEASE READ BELOW FIRST:
NOTE: Please read
everything below carefully before clicking the link to go to
the FXTL site
FXTL may be one of the most innovative
ideas ever to enable the average person to start profiting from
the enormous potential of Forex. Over the next months and years,
we may see a virtual 'stampede' from the stock market to forex
as traders realize that, properly managed, it is better and
safer to trade in a large, liquid, worldwide
market than the US stock
market
which is constantly influenced by political and financial events,
along with buyouts, sup-prime woes, collapsing banks etc etc.
As ordinary people turn to Forex, hoping
to see profits, the problem will be that the learning
curve can be a long one. You don't learn Forex trading overnight.
If you are a skilled technical stock trader, you will learn faster,
but if you are new to trading, or not yet skilled in chart reading,
chances are it will be a long time before seeing consistent profits
from Forex (or any other trading).
Enter FXTL ..
you can open an account with as little as $1000 and allow experienced
Forex traders (real people, not automated robots) to
be linked to your account so when they trade, you trade. Some
people are making 20% or more return per month. A few have made
over 100% per month. The potential is awesome.
However .. beware, there can be 'cowboys'
.. my term for traders who do not really know how to trade but
play
a giant numbers game, knowing that with ENOUGH
starting capital, eventually they will win. In other words, they
open a trade and just wait it out .. it may go against them several
hundred pips, but eventually should turn around and go in their
favor. This is not trading.. but it can make someone "appear"
to have a winning track record in trading. Problem is, people
like this can "blow out" a smaller account that cannot
ride out the large drawdowns.
So how to benefit from FXTL with minimum
risk? Follow these steps:
1. From the FXTL website, you first must
open an account through FXTL with FXCM. This is the only drawbackas
I do NOT recommend FXCM at all. However for the moment, this
is the only choice.
Please use another broker
for your own account.
FXTL allows you to start with as little
as $1000, I suggest a minimum
of
$2000. And this must be money you can afford to lose!
2. FXTL will only allow you to trade mini
lots for your protection .. you make money slower, but you also
risk far less in losing money. So while waiting for your account
to be funded, open a DEMO account (free) with FXTL and choose
some providers to link to that account. I will start posting
here (below) the providers I have found that seem to make more
consistent
profits with limited drawdown.
3. In your demo account,
you have a place to set the number of lots a provider can open.
In the beginning, set this number to 1 lot and 2 maximum lots.
This will give you a better idea which providers are making
money consistently in your account. Now watch the progress
of the providers over the next 2 weeks.
4. When your real
account is funded and when you feel you are ready, choose ONE
provider for each $1000 you have deposited in your real account.
Set the lot & max lots numbers to 1 and 1. YES .. you will
start slowly, but this will keep you safer, and your account
SHOULD start to grow steadily. Everytime you make another $500
in your account, you can either add another provider OR increase
the lot size for a provider you already have.
5. Check your account
daily to make adjustments, but remember any provider can have
a bad trade or even a bad week, so don't be changing providers
constantly, you need to give them a chance .. and in your real
account, these should be people you have already tested in
your demo account. Use your demo account to keep testing new
providers.
WORD OF CAUTION:
due to some problems getting this sort of system up & running,
there can be glitches. Sometimes a stop is not honored in time
and drawdowns can be much larger than the provider desired.
You must have enough funds to cover unexpected drawdowns and
emergencies. You must NOT allow too many lots to be open at
the same time. Choose your providers carefully & any losses
should be quickly made up by consistent gains.
Email
me with any
questions, I know FXTL may seem
a bit confusing at first, but it is worth your time to figure
this out .. even if you are
trading your own account, you can have a 2nd one at FXTL AND
you can get some trade ideas by watching how your best providers
are trading, i.e. what new trades they have opened.
OK.. now click to go to
FX TRADERLINK (FXTL)
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