A crisis is the time when economies start stagnating, companies dismiss employees, unemployment grows, people fail to pay off their loans, banks lack money, which results in higher interest rates amid lower purchasing power and living standards.
In such times all of us start thinking about the ways and means to preserve and multiply savings. We wonder what will happen to consumer prices, bank deposits, our money, residential property, stocks etc.
For smart traders and investors, crises always present opportunities to make money. However, it is crucial to be able to see those opportunities as well as to know where and how to look them.
When it comes to wise investing, Forex is one of those solutions that can actually multiply funds provided that the approach is correct.
Is it really reasonable to consider Forex a financial lifesaver? Well? Let’s try to answer this question together with .
Forex: Real Opportunities
There are perfect examples of how to preserve and multiply funds during crisis times. In particular, a graduate of the SRP Department () managed to generate +45% in just a week.
The results do impress, especially of to consider the fact that this is a young guy who came to Forex not so long ago. How to achieve such performance within a relatively short period? Let’s ask it the graduate himself (by the way, his name is Eugene).
Becoming a Pro Forex Trader
According to Eugene, there are no sophisticated “Holy Grail” secrets behind winning trading techniques. It is all about hard work, diligence and good teachers (or instructors, whatever) working for .
This is what Eugene says:
Obviously, there are tons of valuable information taught in . Therefore, it takes time and effort to learn and digest it. Everything evolves. The educational process has improved and the information has become a lot more structured since I first came to the academy to become a pro Forex trader. Therefore, today you can become a pro trader much easier and faster than a couple of years ago.
By the way, there are many departments in Masterofrex-V Academy, each of them specializes in a certain aspect of Forex trading. Moreover, some of them specialize in trading other financial markets, like stocks and commodities as well as futures and options.
As far as my path is concerned, first I tried to trade Forex on my own but failed, thereby losing a couple of deposits. Then I came across and decided to have a try. That was one of the major correct choices of my life. First I learned how to stop losing money in the long run thanks to the original trading system developed by Masterforex-V. That was a major breakthrough.
A couple of months later I came to the SRP Department of . The department specializes in predicting future price behavior on the basis of modified AO and WPR indicators.
I liked the way the instructors see and approach the market. The results that I managed to achieve (+45% in a week) became possible thanks to the SRP Department. Even though I have recently modified the system a little so that it could fit my personality better, 95% is the trading stem and approach that was given by , and I thank all my instructors for turning me into a real professional Forex trader…
Some Useful Tips
Obviously, Eugene’s trading performance does impress. Moreover, he proved that mediocre traders can turn into professionals with a couple of months (or may be years, at worst… but it is possible). Winning Forex strategies and techniques are open to anyone who want to become a real winning professional and is ready to work hard.
Here are some useful tips from Eugene that can help you to avoid multiple pitfalls:
1. If you trade on a live account for real money, start small. These days there are hundreds of broking companies that offer cent accounts. If you fail, the loss won’t be too big. Don’t try to risk big sums you cannot afford to lose, especially if you are just making first steps in the business.
2. Whether you are an intraday or a mid-term trader, always monitor senior timeframes in order to make sure you are not playing against those who are currently dominating the market. According the SRP trading system (based on Masterforex-V TS), a perfect trading opportunity comes when the price is about to trigger wave C (or wave 3 in the conventional wave theory), which is usually the strongest and biggest wave of the trend. Wave C can be of different wave level like m1, m15… h1, h4 etc. I do not try to catch all the C waves that I can identify. I choose only those C waves that can change their wave levels for bigger ones. In such cases, the price movements are bigger and stronger, which means that I can make more money. The chart below, courtesy of , is an example of how we identify price moves.
As a result, a moderate risk (15-20 points) can give way to decent profits (80-150 points and even more).
3. It is obligatory to place stop-loss orders in case you make a wrong trading decision! Never underestimate stop-losses. It is unwise to jeopardize the entire capital, especially when you use leverage.
Keep and mind and follow these simple rules. Obviously, these 3 rules alone won’t make you another Larry Williams. However, they will definitely help you to avoid many losses.
If you need more information, please visit ’s forum for traders and investors.
