Forex CFD Trade - A CFD Review is a Contract For
Difference, which is a fancy way to say it’s a way to “bet” that the price of
an item will go Up or Down.
Give Me 5 Minutes Right Now And I’ll Show You How I Am
Pulling $50-$200 A Day Out of a Single Chart Trading a Single MICRO Lot AND How
Anyone With An Account Balance of $100 Can Do The Same
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Are You Frustrated By Go-Nowhere Currency Pairs That Just
Don’t Seem To Have Any Momentum and Volatility?
Learn About A Single Simple Change You Can Make In Your Trading Charts
That Will Put You In The Driver’s Seat And Leave Your Broker Begging For Mercy!
If You Are a Real Forex Trader And What You See Here Doesn’t
Get Your Heart Racing Over All The Possibilities, Then You Might Need To Admit
To Yourself That You HATE Money
What is a CFD, you ask?
A CFD is a Contract For Difference, which is a fancy way to
say it’s a way to “bet” that the price of an
item will go Up or Down.
There is a lot more to it, but all that really matters for
our purposes is that Forex Brokers have been adding a lot of different CFDs
lately, and by doing so they’ve given their clients the absolute best shot at
banking winning trades they’ve EVER had!
Specifically I’m talking about CFDs like the S&P500
(which is called the US500 by your broker), Crude Oil (called USOil or
WTICrude, which are the same chart) and NASDAQ (which is called both the NAS100
and NASTECH in the Forex world, depending on the broker).
Given the amount of leverage you have available to you as a
Forex trader, you can get into a Micro level S&P trade for only about $16
per contract. A Micro Oil trade only
requires around $3 while the NAS100 takes a whopping $43.
This means virtually anyone who has an account with a broker
that offers these CFDs can get into these trades.
And Don’t Think You’re Just Trading Pennies When Trading
Micros.
The NAS100 pays out at $1 per point when trading a Micro
lot. And with multiple average daily
moves of 20-40 points, you could clear $100 a session trading a single
micro-lot.
Now compare that to traders who open actual Futures accounts
to trade the S&P500 or the NASDAQ.
The recently approved Micro accounts require a minimum of $400 just to
open a trade, then you need additional cash in your account to deal with any
draw-downs.
And to trade a full contract on the S&P 500 or NASDAQ
through a futures broker would take anywhere from $5,000 to $10,000 or more,
depending on your broker’s requirements.
Suddenly, trading micro lot CFDs for only $3 to $43 through
a Forex broker doesn’t sound so bad, does it.
So Why Should You Start
Trading CFD’s?
In a word:
PREDICTABILITY.
The Holy Grail for all traders, whether they know it or not.
And I’m not talking about predicting if price will go up or
down (although you’ll see shortly that’s fairly simple to do as well with
CFDs).
I’m talking about being able to predict WHEN the market is
going to get hot.
You know how you can waste hours sitting in front of your
Forex charts, hoping and praying that something will happen to give you an
entry?
You can waste hours, and even days, and never make a single
dime if the markets are flat.
Why Are CFD's So Predictable?
The American-based CFDs get hot exactly at 9:30 a.m. eastern
time (New York time), Monday through Friday except for major holidays like
Christmas and New Years.
The CFDs based in France, Germany, the UK, Japan, Australia,
etc., all get hot at the exact moment the “market” opens for their respective
CFD as well.
And that is as close to a stone cold guarantee as you’ll
ever get in trading.
You see, these CFD’s are actually traded around the clock,
just like Forex pairs, in what is called Off-Market or After-Market Trading.
But at 9:30 a.m. eastern time, when the actual indices
markets which are based in the United States open for business, the volume on
the S&P trades, for instance, rises ten-fold or more.
This can and does translate into moves of 5, 10, even 20
points on truly volatile days.
And just so you know, a “point” move in Indices equals a 10
pip move in their Forex version.
That means you could be looking at 50, 100, even 200 pip
moves in the first few minutes of trading after the markets open at 9:30 a.m.
eastern.
No more wasting hours in front of your PC or staring at your
phone, waiting for something to happen.
At 9:29 a.m. eastern you need to be ready to trade, because
the markets are just seconds away from being open for business, and some
significant price moves will probably be there for the taking.
Just because you’re a “day trader” doesn’t mean you should
be forced to spend all day in front of your charts.
Trading CFDs gives you total control over when you trade and
frees up the rest of your day to focus on the other things in life you find
important: family, friends, hobbies, hell, even taking 3 hour naps in the
afternoon if that’s what you enjoy.
I Live in the USA and Work
from 9-5. Will This Work For Me?
In a word, yes.
Brokers that happily accept US based clients such as Hugo’s
Way offer CFD trading on a variety of different indices, some from the US, some
from Europe and some from Asia and Australia.
What this means is no matter where you live, there is a
session (Asian, London or New York) where at least a couple of Indices CFDs
have an actual market that opens for business during your available sessions.
This gives you a legitimate shot at trading during the “hot”
hours just like the traders who focus on the US indices.
The True Benefit You Get From Trading CFDs
Trading CFDs gives you the ability to limit your time in
front of your charts, which translates into more free time to spend doing the
things you love.
But more importantly, CFD Trading gives you the chance to
finally start growing your trading account and using your profits for the
things you want, instead of watching that money disappear again and again and
again because the Forex currency markets are suddenly acting stupid again
today.
You know what I mean.
You get two or three days where price action does pretty
much exactly what you think it should, based on news events and indicator
signals.
Then, for no apparent reason, price action does a 180 degree
turn and starts doing exactly the opposite of what you’d expect. And you don’t dare switch to trading the
opposite of what your method calls for, because you’ll just end up losing more
when price action turns back to normal, again without warning.
Are You Trading To Make
Money or Lose Money?
Look, I seriously doubt you got involved in Currency Trading
because you were looking for creative ways to lose money.
Yet that seems to be the end result for traders who insist
on focusing all of their time and energy and trading funds exclusively on
Currency pairs.
Hopefully you’re not one of them.
But if you are, you can either keep doing what’s obviously
not working (focusing solely on currency pairs) or you can put in a little time
and effort (and very little of each, I might add) learning to trade CFDs and
finally start seeing some positive returns on your investment.
If You’re Being Honest With Yourself Right Now, You Know
This Is The Path You Should Be Exploring
Because let’s face facts: if what you were doing as a Forex
trader was working, you wouldn’t be reading this right now, would you.
If you were trading with a system or method that was
consistently winning, you wouldn’t quit using it and stop consistently making
money to go looking for something new to try, would you?
No.
You’d be scaling up your lot sizes and making crazy serious
bank with your current trading rules.
Talk Is Cheap.
Actions Speak Louder Than Words.
Now I realize that so far, all this has been is a bunch of
chatter.
Talk is cheap
So let me show you some proof for a change…
Earlier I mentioned I put this same package of indicators
and trading rules together a year ago for an old student who started using
NinjaTrader. A surprising number of my
other students grabbed a copy when it hit the market and started trading the
Indices.
Several of them took the time to write some very nice
testimonials on how well this method worked for them in the Futures markets,
trading charts like the S&P 500, Crude Oil and NASDAQ.
And Just To Give You A Quick Glimpse Right Now, Here Are
A Couple Of Trades I took This Morning On The US500 (The FX Version Of The
S&P 500) And On The USOil Chart
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I don’t know if you can read the “results” from the trades,
but I spent about 4 minutes in a series of Sell trades on the US500. 1 trade stopped out at $-120, but the other
two closed in profit at $341 and $291, for an overall net gain of $511 in 4
minutes. The Oil trade took a little
longer, but I closed it out at +$200 just before 10 a.m. this morning.
So I spent less than an hour in the Oil trade and only about
4 minutes in the US500 trade, and my day was done with +$711.
Not bad for less than an hour’s “work”.
Now I know what you’re thinking.
So If This Works So Well,
Why Isn’t Everyone Trading This Way?
Look, everyone has their own excuses and reasons, which are
as varied as the people who offer them.
But it all comes down to basic human psychology.
The human animal is a “herd” Mammal. We like hanging out in groups. We want to be accepted by our peers. We don’t want to risk being thrown out of the
group because we decided to “go our own way.”
Read any human psychology books, from entry level to highly
advanced, and you’ll see these findings repeated over and over and over again.
Now, just for fun, jump over to YouTube and take a look at
the various training videos being offered by one “guru” or another on trading
the S&P 500. They are all a little
bit different in how they approach trading, but at the same time, they are also
all very much the same.
They all use time based charts. They all tell you to make sure you add a MACD
or RSI or Stochastic or (Fill in the name of your favorite indicator here)
(yes, I meant to type that). Make sure
you focus on Volume. Or make sure you
ignore volume. Trade with the VWap. Or don’t!
No matter what advice you are finding online (especially for
FREE!) you’ll find some competing advice telling you the exact opposite, also
online and also for FREE!
98% of the free training videos and advice you’ll find
scattered across YouTube and in all those waste of time trading groups on
Facebook are all based on the same concept, called Conventional Wisdom.
What is Conventional
Wisdom?
It’s that advice passed along from one trader to another and
followed blindly, regardless of the damage that advice inflicts upon trade
account balances, win/loss records, trader psychology, etc., but which has been
around for so long it’s accepted at face value without hesitation or
questioning.
Give me a second to go off on a weird tangent to show you
exactly how this works out in real life.
The Rat Study
Some years ago scientists conducted a study involving rats
and electrical shocks. They put two
dozen rats in a box with a ramp that led of to a tube where food would be
provided. But near the top of the ramp
they installed a plate that would give the rats a small electrical shock if
touched.
The rats saw the food, but after all of them had experienced
the shock after first touching the plate (and some of them had to get shocked
multiple times for this to take effect), they all refused to go up the ramp any
longer. They had been “trained” to avoid
the electrical shock, and not even the presence of food would get them to change
their mind.
Scientists then took out half the rats and put in 12 new
rats. They also removed the electrical
plate that had provided the shock.
When the new rats saw the food at the top of the ramp, they
tried to walk up the ramp but were attacked and pulled away by the original 12
rats who had experienced the electrical shock.
The older rats were acting to protect the newer rats from the shock they
had experienced. After a brief while, even
the newer rats would not walk up the ramp to get the food for fear of being
attacked.
After a few days the scientists pulled out the last of the
original rats and put in 12 new rats.
When the new rats tried to walk up the ramp to get the food
they were also attacked and pulled back by the first group, who had never even
experienced the electrical shock personally!
Earlier Rats With Zero
Personal Experience Are Now Advising Newer Rats How Best To Proceed. Does This Sound Even Vaguely Familiar?
In effect, the more “experienced” rats were training the new
rats to avoid going up the ramp, but they themselves had no idea why they were
afraid of the ramp in the first place.
They had simply been taught to avoid it by the rats who were in the cage
first.
So the rats were essentially demonstrating the effects of
Conventional Wisdom.
Conventional Wisdom said if you get to the top of the ramp,
you’ll get shocked.
It was an idea passed down from one “generation” to the next
and accepted at face value, with the later generations never really
understanding why the rule was put there in the first place.
And yet, they all followed the rule down to the letter.
And this was in spite of the fact that whatever value
avoiding the ramp had in the beginning was lost once the electrical plate was
removed. But the rats kept acting and
reacting as if the plate were still in place.
Looking At The "Rat
Study" From A Trading Point Of View...
Looking at the “Rat Study” from a trading point of view,
some “rat” at some earlier point in time made a definitive statement that you
can only make money trading futures by using certain time based charts.
That particular rat was taken out of the cage a long time
ago, but his or her bit of Conventional Wisdom gets passed along from one
trading generation to the next, usually with a little douchebag air of superiority
attached, letting the recipient of said knowledge know that this is “herd
approved” advice.
So the recipient of said advice puts up a 1M or 5M or
whatever time frame chart and proceeds to follow the herd.
Why Following "The
Herd" Will Be Hazardous To Your Financial Health
The herd, by the way, tends to lose money regularly in
markets where big price swings are commonplace and yet they refuse to take even
a tiny look at any other trading method that might actually work, if it happens
to be based on ideas outside of the “conventional wisdom” playlist.
Remember, this is not a situation where every trader gets a
trophy.
Trading is a zero-sum game.
If someone makes money on a trade, someone else loses money.
Since “the herd” routinely loses money, day in and day out,
trading with the herd will ultimately be deadly to your account.
So in trading CFDs, you have a choice.
Be a part of the herd, spend your weekends watching crappy
YouTube videos in the hope of figuring out how and why you lost so much money
in a market that was literally giving away free winning trades all week long,
and then drop into a chat room or forum where you can express your frustrations
with all the other herd members.
Or you can kiss the herd goodbye, and do something
completely crazy and almost unheard of in trading, which would be to take the
road less traveled and start using a charting and trading method that takes
full advantage of the aggressive price action you’ll find in the CFDs at the
opening bell nearly every trading day.
Do You Have What It Takes
to Break From The Herd?
Look, if you’re someone who absolutely has to follow the
herd, I understand.
It’s a little bit unfair that I’m asking you to force
yourself to break free from what is pretty much genetic pre-programming and
start living your life free from all these deeply embedded inhibitions.
Sadly, some people simply don’t have what it takes to buck a
trend and go their own way.
Simply put, these people cannot be helped.
And honestly, I have no desire to try and forcefully train
people to break free of their long held and cherished beliefs and
prejudices. That is one uphill battle
where I will not engage.
I truly do pity those people.
But I won’t waste a minute arguing with them and trying to
show them that the path they have chosen ultimately leads to ruin. It’s a fight that we’ll both end up losing.
Because If You Do...
This training and trading package was designed specifically
for the open minded trader, who has taken a look at how they are currently
trading and said to themselves “there has to be a better way”.
So if you happen to be one of those traders…
If you are open-minded enough to realize you don’t know
everything there is to know about trading and that sometimes the road to
success starts with zigging when the rest of the herd is zagging…
If you happen to be the kind of person who values your own
opinion over that offered by people who really and truly know a lot less about
the subject than they let on, but who share the same tired old crap endlessly
in forums and Facebook groups…
And if you’re ready to start making the time and effort and
blood and sweat and tears you’ve invested into becoming a Forex trader finally
start paying dividends…
Then today is the day you can make the switch, stop being a
Herd Trader and transform yourself into a Consistently Winning Trader.
BUT BE WARNED: There Is A
Very Strict Limit I Am Placing On This Training. And This Is Why I’m Limiting It.
As you might recall, in the beginning I mentioned that Forex
brokers were just now starting to add CFDs to the list of their available
trading products.
In fact, many brokers still don’t offer much outside of Gold
and Silver.
What this means is, the trading pools are still relatively
small (at least compared to the pools available to trade the EURUSD or GBPUSD).
If I allowed this training to get out to the masses, even a
small group of 300-400 traders all using the same broker could completely
overwhelm the charts and create an imbalance that the brokers would address by
simply dropping that chart (or CFDs entirely) from their offerings, which is
the last thing we want to have happen.
This Isn’t Baseless
Speculation On My Part
Two years ago I was using a more basic version of the tools
offered in this package, and I shared them with a dozen other traders, most of
whom were clients with the same offshore broker.
I had noticed that volume was light, but I really didn’t
give it any serious thought.
Within a few weeks we were absolutely killing the US500
chart and each pulling out three and four figure gains on a daily basis.
Two weeks later the broker announced they were dropping ALL
of the Indices CFDs effective immediately, due to “a lack of demand on the part
of their clientele.”
It was more like there was a lack of losing traders willing
to fund our winning trades and we were taking our winnings straight from the
liquidity providers who were working with our broker. So the broker simply stopped offering CFDs.
I’m Not Going To Risk That
Happening Again
I’m placing a strict limit of 100 packages for sale at this
time, and if at some point in the future it appears that volume has
substantially increased on the major CFD instruments, I’ll consider re-opening
this offer to another 100 traders.
At a substantially increased price.
They Say If Something
Sounds Too Good To Be True…
I understand where that attitude comes from. I’ve been teaching Forex to students all over
the world since 2006. I’ve even written
a couple of books on Trading Forex that became Bestsellers on Amazon when they
were released.
What that means is I’ve been around, and in this case I’ve
been around enough to have seen 101+ different scam Forex products being pushed
on the unsuspecting trader.
So frankly approaching everything in Forex from a place
where you are at least a little suspicious makes a lot of sense.
So if you seriously question what I’ve said here today and
your own independent review of the CFD charts offered by your broker didn’t
completely convince you this is truly a once in a lifetime opportunity, then
look at it this way.
If I was scamming everybody here, wouldn’t it make more
sense to try and sell as many people as I could before I ran off with all the
money? Why limit myself to just 100 packages?
If I’m a scammer, I’m scamming myself even worse than I’m scamming my
buyers by cutting off sales so soon.
But this is no scam.
As I mentioned a little bit ago, I put this together originally a couple
of years ago but abandoned the project when the broker we were using dropped
the Indices CFDs.
I picked it back up a year ago when one of the original
traders I shared it with asked if I could put something similar together for
NinjaTrader, as he had opened an actual futures trading account.
After more than a little demand (and after someone showed me
the list of all the different brokers who now offer CFDs as a trading option) I
decided to resurrect the package just for the MT4 platform.
But You Know What? Maybe The Naysayers Are Right. Maybe All Of This Is A Bunch Of Lies
Maybe I have come up with some devious way to screw everyone
out of their money. Maybe you should
just forget everything I’ve told you so far and just move on.
But before you do, let me walk you through how this trading
method works, and then you can decide for yourself if this is as legitimate as
I say it is.
In other words, you don’t have to believe me.
But you believe your own eyes, don’t you?
Take a look at this chart.
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