Notesale: Turn your study into money

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I-ROBOT
FOREX TRADING (take money)

A MARKET EYE HANDBOOK (Instructional)
JAISON MUSSA

SECTION A : INTRODUCTION TO FOREX
1
...
Forex statistics and times
3
...
Trading platforms
5
...
Forex bad habits
7
...
Chart analysis

SECTION C: SKILL DEVELOPMENT
9
...
Demo trading/ live trading

1

Foreword
Market Eye is a private trading company focused on turning a regular
Joe into a profitable trader, small time or big time
...
This
book is not to draw the reader out of the doubts/fraud/scams/myth
which surround forex trading
The main purpose is to reduce the time from introduction to profit
trading (take money)
...
The sole purpose being to reduce
red tape for newbies
...

Frustration and loss of money are greatly due to mere ignorance and
a bit of bad luck
...
If you are a newbie as you read this, I bet you have the same
type of sentiment towards trading in general
...

Remember this is a guide to point you in the right direction up your
forex career, research, studies and practical’s
...

Repetition is the best teacher
...
Consecutively
...
1 hour in the morning
...

Caution: No matter how much you understand or think you
understand
...

 Make sure you spend 20 DAYS on Section B Consecutively
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2 hours in the morning and 2 hours when you
sleep
...
Do not move on, stick to the plan, it’s not about the
material, it’s about your brain
...

For the last 30 days as you open trading account(s)
...
Yes! In this period we are not trying to make money
for a vacation, we are simply trying to solidify and assure our
inner hustler that we are ready
...


3

MARKET EYE PRE TRADING CHANTS
Make sure you make the following chants your Dailey song before you
start with the learning and trading plan
...

 The market maker prays on mob psychology
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 The market maker prays on my mistakes
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 The majority of retail traders are losing
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 I will not click the mouse unless I’m sure
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 I will trade like a market maker
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 I will use logic to trade
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 I will leave my financial problems outside the door
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 I will take it as my brain takes it
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 I am confident
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 I will have no hurry
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 The markets were there
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 The markets will always be there
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4

1
...

It’s a no brainer that if you live in USA and you want to visit Japan, you
will obviously look for their local money or currency for you buy
anything in the streets of japan
...
These activities creates a market of
buyers and sellers of different currencies
...

The forex market is one of the biggest if not the biggest market there
is
...
This change has created the well-known
now online forex trading
...
Be it in speed, efficiency, security or profit margins
...

Imagine you fly from California to Tokyo, with US dollars
With a $100 dollar note, as you enter the bank in Tokyo to buy
Japanese money and sell your American dollars, the bank tells you
$1 is equivalent to ¥90 (exchange rate)
...

After two weeks as you come back to California you do the same but
opposite, you try to dispose yens and acquire dollars
...
The bank now tells you $1 is equivalent to ¥85
...
8823
...
8823-$100 = $5
...

Not much yes, but I think you get the story, you just made over $5 jus
for holding yens for two weeks, simple right, yeah!
Now imagine, a broker (to be explained later)
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Meaning you starting with $50 000
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You will walk away with $52941
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176
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What to take away
...
The
market is always moving, rates will change and finally trading is a very
risky business, not gambling, risky business
...

The last example is pretty much how forex works,
There are many players (market maker, banks, equity firms, brokers,
and the like) they are also people like you we call the regular Joe, (retail
trader)
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2
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 Average Dailey turnover for wall street is over 20 billion
dollars
 The daily forex market turnover is about 5 trillion dollars
 75% of all trades include the US Dollar (USD)
 Less than 30% of all retail traders actually make money
 Its continuous operation: 24 hours a day except weekends,
i
...
, trading from 22:00 GMT on Sunday (Sydney) until 22:00
GMT Friday (New York)
...
654 trillion in spot transactions
About $700 billion in outright forwards
About $2
...
0%
About USDJPY: 17
...
2%

3
...
Yes everyone has been there
...
And loosing is
the same too
...

For you the trader, it might take 5 minutes or less to lose $20 000
...

The market will rip you apart, psychologically, in ways you never
thought possible
...
It’s important that you understand
what your weaknesses are, and face them head on
...
Whoever you are, an English or a
Chinese, a Bengali or a German, an Arabic or Japanese can earn from
Forex
...
10 to 20% can make
profit
...
Be self-confident and try again and
7

again
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It’s
not suitable for all
...
You have
proper knowledge in other subjects
...

You’ve been made to think that trading is complicated, that the
markets are very difficult to understand, that all markets are
different, that trading stocks and currency’s is a completely different
animal, well let me tell you this, its BULLSHIT!!!
Trading isn’t complicated, trading is simple, all markets are traded in
the same way by the people who trade them
...
We look at the markets in
a totally different way to Retail traders, we understand what they are,
we’re not cleverer than you are, and it’s just that we’ve had a
different education to you
...

If you knew how simple trading really is then you would understand
that what you’ve been taught thus far is so far from the truth that you
wouldn’t believe it, trend lines, chart patterns, indicators, multiple
time frames are not how the markets function, however due to the
nature of the training you have received it is your reality
...
Trading platforms
If you have placed some bets before for sports or horses, you have
realized there are so many bookkeepers or brokers who keep tabs on
who bet on what who lost what and who won what
...
This section helps you know how to differentiate
these brokers
...


8

Good practice is to test a few and get the feel of how forex orders are
placed and executed
...




Do they offer attractive margin rates? – If you can anticipate a
return higher than the interest you’re paying on the loan, then
generous margin rates will allow you to trade big with capital
you don’t have to hand
...
You need to look at the fine print to ensure you
won’t get stung by

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