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Frequently Asked Questions About
The Forex Income Engine
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Q: |
What is Forex? |
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A: |
The Forex (foreign exchange,
FX, or 4X) market is a
market where one currency is
traded for another. It is
the largest financial market
in the world, with daily
turnover in the trillions of
dollars. Forex tradinI
want to reward my charter
group of students who
decided to take action today
by making them part of a
true, exclusive "club" that
no one else has access to.
Since 2001, my students have
regularly told me they
wished that I would
raise my prices or stop
selling my education
altogether because they
wanted it to be very
difficult for others to gain
access to the information
that they felt made them
successful! Wow! I hadn't
thought about that before,
but when you become my
student, you really are
entering into an exclusive
relationship with me, so by
limiting releases of my
course, I help preserve that
exclusivity.g involves
trading currency pairs such
as the EUR/USD pair
(Eurodollar/US dollar pair)
where a buyer of this pair
would actually be buying the
Eurodollar and
simultaneously selling short
the US dollar. |
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Q: |
What is a pip? |
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A: |
A pip is the minimum
increment that a currency
pair price can change. For
example, if the EUR/USD
price changes from 1.3790 to
1.3791, the price is said to
have gone up by 1 pip. Most
major pairs are priced to 4
decimals which is the
equivalent of 1/100th of one
percent. The exception would
be the Japanese Yen pair
that only trades to 2
decimals. This is because
there are usually over 100
yen to the dollar. |
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Q: |
Is the Forex Income Engine a
system or a method? |
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A: |
The Forex Income Engine is a
method. As mentioned in this
letter, my goal is to teach
you a complete, step-by-step
trading method that you will
own for life. This will
empower you to make your own
decisions in the markets so
that you never have to rely
on another "guru" again.
Further, you will be able to
hand down your knowledge as
a trader to your children or
other family members.
An important word about
systems and back testing.
"Black box" mechanical
trading systems can be
computer back tested - the
real world of trading with
good trading methods cannot.
The Forex Income Engine is
a step-by-step,
comprehensive trading method
that teaches you how to
trade. And when you master
this method and develop a
feel for the markets, you
will own it for life. As
such, it is not possible to
back test the Forex Income
Engine, since everyone's
results will differ based on
their own ability to apply
the trading rules, choice of
timeframe, market
conditions, slippage, the
size of their account, and
the number of trades they
are able to place at any
given time. Caution:
be very wary of promises of
unheard-of returns generated
by curve-fit mechanical
black box systems. |
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Q: |
What kind of software do I
need to trade the Forex
Income Engine method? |
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A: |
At a minimum, you need
trading and charting
software that has the
ability to plot price data
for currency pairs, and plot
the basic indicators used by
the Forex Income Engine
method. Thankfully, most
good Forex brokers give you
free software which can
adequately achieve this. You
can optionally use
higher-end software which
costs additional money, but
this is not a requirement.
The bottom line is that
because the Forex Income
Engine is a trading method,
you are not tied down to
just using one particular
piece of software; instead,
you have the flexibility to
use a variety of solutions. |
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Q: |
What kind of trading
experience do I need in
order to be able to
understand and trade with
the Forex Income Engine? |
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A: |
You can be a complete
beginner or a seasoned
veteran of trading and be
able to understand and trade
quickly and easily with the
Forex Income Engine method.
I include extra instruction
especially for you if you're
a beginner, including a
bonus “Forex & Trading
Basics” module. Experienced
traders can safely skip over
this introductory material. |
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Q: |
Can anyone do this? |
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A: |
As long as you are a serious
and dedicated individual,
yes. Remember, there is no
"holy grail" of trading, and
this is no exception. So if
you're expecting a magical
formula that will make you
piles of money on demand...
well, let's just say, "good
luck". But seriously, if
you're prepared to take
immediate and massive action
and apply what you have
learned, you'll already be
better prepared than 90% of
the so-called traders out
there. |
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Q: |
How is the Forex Income
Engine different from your
Forex Profit Accelerator
course? |
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A: |
It should not be a surprise
to anyone who has studied or
traded the Forex markets
that there is more than one
way to trade these wonderful
markets. Among traders, you
have those who prefer to day
trade only (5 – 60 minute
bars), who may not be aware
of the benefits of end of
day trading (daily bars).
And you have those who
prefer to trade on an end of
day trading basis only, who
may not be aware of the
benefits of day trading. And
of course, there are many
traders that day trade the
Forex markets as well as
trade on an end of day
basis.
There is no one right way to
do this. Both offer terrific
profit potential. The key is
to determine which of these
approaches to the markets is
right for you and in so
doing you may find as many
have that trading both end
of day and day trading is
the best way to maximize
your profit potential.
It really comes down to how
many tools you want in your
traders’ toolbox. The more
you have the more flexible
and proficient you can be in
your trading operations.
As many of you know, our
Forex Profit Accelerator (FPA)
course is designed for end
of day trading that aims to
capture the mega moves that
occur over several days
offering great profit
potential. For the six major
Forex pairs, applying FPA
will usually give you
several trade setups a week
depending on market
conditions. These setups are
then evaluated for order
entry and open position
order management between 5PM
and Midnight EST (New York).
Since launching FPA last
year, we have had many of
our students worldwide
asking for us to also
develop a Forex day trading
course of the same scope and
quality of FPA.
That led to the development
of my new Forex Income
Engine (FIE) course. We
developed FIE by popular
demand for those who have
never traded the Forex
markets and for those who
are seasoned veterans as
well and everybody in
between who sense that these
are great markets to trade
with the guidance that a
great trading method can
provide.
FIE is designed specifically
for day trading, aimed at
capturing quick hit moves of
20 pips ($200 per standard
lot) or more in a matter of
minutes. FIE will usually
give you several trade
setups a day depending on
market conditions in any
time frame you desire to
trade, 5 minute to 60 minute
bars. This means wherever
you may be around the world,
you can turn on your trading
platform at any time of the
day or night and expect to
find a good FIE setup within
a few minutes for one or
more of the six major pairs.
It is not uncommon to be in
and out of a trade that hits
the primary profit target
within 20 minutes.
If you are a current FPA
student, I would encourage
you to add FIE to your
trading arsenal. If you are
not yet an FPA student, I
would encourage you to
master FIE now and consider
FPA when you’re ready to
expand your toolbox.
I believe along with many of
our students that if you are
a trader or would like to
become a trader that is
really serious about taking
advantage of these Forex
markets then you want to
have the best tools and
trading methods in your
trading arsenal. And once
you master these methods,
you will own them for life. |
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Forex Income Engine Course - Full Details
Bill Poulos' philosophy has always been about maximizing
your profit potential by devoting only a small amount of
time each day -- about 20 minutes worth -- to your
trading activity. And now
he's done it for those of you who prefer to trade the
foreign currency markets in ANY time frame...including
intra-day!
This complete,
NEW Forex trading system in nothing short
of brilliant. And you will have your chance to get
in as a charter student a few short weeks from now.
This Premium FOREX Course will only be available to a
handful of traders (Bill will be providing hands-on
guidance, so the number of students has to be limited).
FREE HALF-HOUR TRAINING VIDEO: The New FOREX Day-Trading
Discovery
We take your privacy very seriously.
You can read our entire
privacy policy here.
Copyright © 2008. All Rights
Reserved. By entering, you agree to
the terms and conditions found
here, and our earnings
disclaimer found
here. By entering your email
address you are also requesting and
agreeing to subscribe to receive our
free trading newsletter. You must be
18 or older to enter.
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U.S. Government Required Disclaimer - Forex, futures, stock, and
options trading is not appropriate for everyone. There is a
substantial risk of loss associated with trading these markets.
Losses can and will occur. No system or methodology has ever been
developed that can guarantee profits or ensure freedom from losses.
No representation or implication is being made that using the Forex
Profit Accelerator methodology or system or the information in
this letter will generate profits or ensure freedom from losses.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN
LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS
DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT
BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR
THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF
LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO
THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO
REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO
ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. |
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