Hello Welcome to Simple Forex System
Just i am giving an intro about our simple forex system. This forex system needs only 15 mins from your side. Just place the order at given time and then go away for next work.
Ah i know you just think this is too attract peoples. No i will let you know its true just 15 mins needed Ok now first i am explaining about some forex terms we are going to use.
Where to trade?
Forex trading is trading using forex brokers. Forex Trading account are free to open and funds can be added to Forex trading account using many ways.
See Get Started With Us *100% Free* post to find opening free forex broking account.
About Currency Pair
In forex trading we wont directly buy or sell currency. Just we will trade two currency pair value. In this Simple Forex System we are going to trade and only GBP vs USD currency pair.
This currency pair will have a value at the time i make this article the each GBP vs USD currency pair value is 1.5206.
3 Type of lots size
Just each GBP vs USD currency pair is 1.5206 but we have three lot size to buy this currency pair. So we can buy 1 or 10 or 100 should buy on these 3 lot size.
Three types of lot size are available in Market 1) Mirco Lot - 1000 Currency Units (GBP vs USD) 2) Mini Lot - 10000 Currency Units (GBP vs USD) 3) Standard Lot- 100000 Currency Units (GBP vs USD) Oh no i dont have this much money to enter forex trading. You are wrong read the next topic leverage or margin.
About Leverage or Margin
Forex brokers offer margin or leverage system like 1: 200. For example each GBP vs USD Currency pair valve is 1.5206 now with USD 1.5206 you can buy 200 Units and to buy a Micro lot (1000 Units) just around USD 8.
Even with Micro lot you can trade on this Simple Forex System. We use strict Stop Loss and take profit so we wont be affected because of using high leverage. Even Brokers offer 1:500 leverage but safest leverage is 1:200.
About PIP
Currency pair value is 1.5206 and the last digit in the pair is called PIP and here 6 is PIP. When 1.5206 value increase to 1.5208 we call as increase or rise of 2 PIP.
When 1.5206 value decrease to 1.5204 we call as decrease or decline of 2 PIP.
Profit and loss are calculated in basis of PIPs only. If you are trading on Micro Lot (1000 units) a PIP difference (Difference in last digit) will make a difference of US 10 Cents. If 1 PIPs is increased you get 10 cents profit and 1 PIP decrease 1 PIP loss.
Same way Mini Lot (10000 units) 1 PIP difference will make USD 1 and Standard Lot (100000 units) will make USD 10.
About Spread
Spread is the difference between Buy Price and Sell Price of a particular currency value and this spread or fiexd by brokers. Taking our GBP vs USD pair spread will be 3 PIPS. So 1.5206 will be buy price and 1.5203 will be Sell Price. Buy price is 3 PIPS greater than Sell price because spread is 3.
When you need to buy GBP vs USD pair you need to buy only at buy price which is 1.5206 in our example. If you need to sell the pair then sell at sell price 1.5203.
Forex trading has no commission and brokers use spread to charge from us. All our signal comes prices to include the spread cost. So net profit and stop loss will be 30 PIPS. So our performance sheets are including Spread too so its damn real performance so this same can show in your forex account too.
Why this Spread System?
Do you know trade in Forex System we dont have Commission or brokerage like Stock or Commodity Market but How can this forex broker earn? So they are using Spread System to earn. Let me explain more how they earn?
If you buy GBP vs USD pair at 1.5206 and next second you like to sell means you can sell at 1.5203 because that is the sell price. So the brokers take this 3 PIPS from you as their charge.
If buy price increases by 10 PIPS Sell price will also increased by 10 PIPS only and in decline of value also same way but will always have 3 PIPS difference.
About Signal
Signal is the thing we offer you at free of cost. Signal can be explained easily with other word TIPS. Signal is Forex Tips. Our Signal will tell you at what price we need to Buy or Sell currency pair and What price to Book Profit or to make a Stop Loss
Now about Trading !!!
Trading in simple forex system is so simple. Just Place the Buy or Sell order as per our signal and then put Take Profit and Stop Loss order as told below and just close the system. See How to Trade? Article for more info.
As told above we are going to trade on currency pair value. Simple Forex System uses GBP vs USD currency pair. We issue signal like given below:
BUY GBP/USD 1.5163 Take Profit 1.5193 Stoploss 1.5133
- Buy GBP/USD means we are going to BUY GBP/USD at 1.5163
- Take Profit means we are booking our buy signal at 1.5193 and we earned 30 PIPS including 3 spread as broker charge. Daily 30PIPS Take profit or Stop loss.
Stop Loss means we are booking our buy signal at 1.5133 and we made a loss 30 PIPS
- Forex trading has no commission and brokers use spread to charge from us. All our signal comes prices to include the spread cost. So net profit and stop loss will be 30 PIPS. So our performance sheets are including Spread too so its damn real performance so this same can show in your forex account too.
Note: See Get Started With Us *100% Free* post to find opening free forex broking account.
Any more help mail me at 30pipsforex@gmail.com with subject Simple Forex System
Forex Trading has unlimited risk and its also a unlimited profit making system. To have limited risk forex trading should be done with a discipline. Discipline in the sense know How to trade our signals.
Signal is will be updated in this blog at
Signal 1 at GMT TIME 10 - 10.30 PM or INDIAN TIME 3.30 AM to 4.00 AM
Signal 2 at GMT TIME 12 - 12.30 AM or INDIAN TIME 5.30 AM to 6.00 AM
Signal 3 at GMT TIME 6 - 6.15 AM or INDIAN TIME 11.30 AM to 11.45 AM
Once you get the signal just i trading software (See using Meta Trader article in the blog Video and screenshots given as tutorial).
Enter Buy or Sell price (also called Entry Price) and then Take Profit Price and then Stop Loss price. Then just place order and carry on your next work. Allow our signal to either hot Take Profit or Stop Loss Price. Dont break the trade as your wish anyway Take Profit or Stop Loss will be hit in 24 hrs.
Placing a pending order
In Pending order just place the order as signal mentioned buy or sell price and then Tale profit and Stop loss price.
4 types of entry will be send by us Buy Stop, Buy Limit, Sell Stop and Sell Limit. In the signal we send this will be mentioned. How to place these four types of order is simple. In Meta Trader thats is your trading software when you place order select Stop, Buy Limit, Sell Stop or Sell Limit and Enter Buy or Sell price then Stop loss and Take profit Price. See Using Meta Trader Post in this blog to know placing order.
Placing an instant order
Pending order can be place if current GBP vs USD price is below or above 4 PIPS. If not we have to place instant order only. Here no buy limit, buy stop, sell stop or sell limit. See Using Meta Trader Post in this blog to know placing order.
This is just set and go away system signal. Place order and results will hitting Take Profit or Stop Loss. Some time our Buy or Sell price given in the signal wont be touch in this time so Just cancel our order at following time manually. If Entry price is touched then leave for Take Profit or Stop Loss.
Cancel untouched order at below timings:
All pending or untouched orders cancel at GMT TIME 5.30 PM or INDIAN TIME 11.30 PM
Note: If our signal buy or sell price is touched then let it run till GMT 10 PM or Indian Time 3.30 AM. Sure within this time will Hit Stop Loss or Take Profit.
Check Using Meta Trader article to know How to place order in Trading software and go away. Just trading takes 15 mins in your daily life.
Note: Forex brokers charge brokerage from spread our signal include spread cost and 30 PIPS is net profit or in Stop Loss 30 PIPS is net loss. So the performance sheets include spread and i am damn sure in real trading you can get below profit.
Any help mail me at 30pipsforex@gmail.com with subject Simple Forex System
Yes money management is so important in Forex Trading. This simple forex system will make you earn more dollars or pips. More than 1800 PIPS made in 2009 and still rocking in 2010 just you can refer our performance sheets. But we made face some bad cycle in simple forex system i means some loss sequence.
Just to understand we could have a sequence like below:
-30, -30, -30, -30, +30, +30, +30,+30,+30 pips. Result after 9 trading days we + 30 pips, positive! Still in profit.But during these days we have had a temporary regression of -120 pips, which means less dollars in the actual balance. If your account balance is down below broker margin you cant trade the profit signals. So it is necessary to have an efficient money as margin to cover these temporary loss cycle.
Three types of lot size are available in Market
1) Mirco Lot - 1000 Currency Units (GBP vs USD)
2) Mini Lot - 10000 Currency Units (GBP vs USD)
3) Standard Lot- 100000 Currency Units (GBP vs USD)
Fund need these 3 types of lot size
1) Mirco Lot - USD 120
2) Mini Lot - USD 1200
3) Standard Lot- USD 12000
Daily only USD 8 or USD 80 or USD 800 will be only used for trading. Then why this much huge amount nearly 5 times? This remaining funds are kept as margin to tackle bad cycle and must to have margin money to be a successful trade of this system.
Any help mail me at 30pipsforex@gmail.com with subject Simple Forex System
Note: Forex brokers charge brokerage from spread our signal include spread cost and 30 PIPS is net profit or in Stop Loss 30 PIPS is net loss. So the below performance sheet include spread and i am damn sure in real trading you can get below profit.
Year 2008:
Year 2009:
Year 2010:
Year 2011:
Check detailed performance sheet but clicking performance menu in this blog.
See the below YouTube Videos to know working with Meta Trader 4 Software.
Note: DONT DOWNLOAD TRADING SOFTWARE META TRADER FROM ANY OTHER WEBSITE or LINK
Part I
Part II
Any help mail me at 30pipsforex@gmail.com with subject Simple Forex System
Hello Fellow trader living in India and i am a forex trader as part time work because just this system need 15 mins daily. I learned this Simple Forex System from a good friend living somewhere in pacific side and he is using this system for past 4 years will good profits. I am too trading this system and take a huge profit just using this simple forex system
You can mail me at 30pipsforex@gmail.com with subject: Simple Forex System and also can fix a time for Yahoo Chat or Gtalk Chat i am ready to teach for free how i am earning from this magical forex trading.
Happy Trading