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

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 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.