Congratulations Welcome to the PIPS MINER SE, one of the most sophisticated Expert Advisors on the Forex market. Congratulations on the purchase! You now have a very profitable automatic system that weve tested for months now, both on demo as well as on real money accounts. The tests have shown the it is effective and profitable, and it is up to you to choose the risk / reward ratio and the profit percentage. Unlike other Expert Advisors, we would like to keep you on the safe and profitable side of trading, because the greater the number of satisfied users, the bigger the number of sold robots. And your satisfaction is our fundamental goal! We would like to assure you that the robot will be regularly updated and by becoming a member to our website you will have your access pathway to the updates. Right now PIPS MINER SE comes in two versions, very moderate and slightly more aggressive, but we can assure you that by the time we will develop more aggressive versions, generationg much more pips. Before you get into the details of PIPS MINER SE and Forex markets, we have to ask you to read the following statement: Risk Disclosure Statement HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN IN THIS DOCUMENT. IN FACT, THERE ARE FREQUENTLY HUGE DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.
HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITYTO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.U.S. Government Required Disclaimer: Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risks. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Dont trade with money you cant afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site in this manual. The past performance of any trading software or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - 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. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading software is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold Forexzone Ltd. and any authorized distributors of this information harmless in any and all ways. The use of this software constitutes acceptance of our user agreement. Forex Markets Although this Ebook is not intended as a comprehensive Forex guide, weve put together for you some bits and pieces that should help you understand the market, for to trade the market without understanding its principles is a huge mistake. Every new trader should become familiar with the terminology of Forex, because this basic knowledge will definitely help them to generate profits. What is Forex market? The foreign exchange market (Forex or FX) is a global marketplace where currency trading takes place. Currently it is one of the largest and most liquid financial markets in the world and includes trading between banks, currency traders, corporations, governments, and other institutions and individuals. The average daily volume in the global foreign exchange is continuously growing. In 2007 it was reported that over $3.2 trillion were traded daily on the Forex market. There is no unified or centrally cleared market for the majority of FX trades, and there is very little cross-border regulation. Due to the over the counter nature of currency markets, it is rather a number of connected marketplaces, than a single market. That is why there is not a single exchange rate, but a number of different rates. The main trading centers are: London, New York and Tokyo, but Hong Kong and Singapore are also very important. Currency trading takes place continuously throughout the day; when the Asian trading session ends, the European session begins, followed by the North American session and then back to the Asian session. Forex market is open 24 hours a day, 5 days a week, excluding weekends. London is the biggest foreign exchange market in the world and through its dominance in the market, a particular currencys quoted price is usually the London market price. But this also means that while London operates, therte is the biggest liquidity on the FX market and there is take a decent profit. On the FX market currencies are traded one against another. Each pair of currencies constitutes a different, unique product. The price of the first currency in the pair is expressed in the second currency in the pair. So if we see EUR/USD and the price 1.6161 it means that the price for 1 euro is 1.6161 dollars. The most frequently traded pairs are those involving dollars, euro, yen and sterling. The most popular pairs are EUR/USD, USD/JPY and GBP/USD.3
There are several possible financial instruments on the FX market and those are: swap the most common and most forward transaction type, where two parties exchange currencies for a certain period of time and agree to reverse the transaction at a later date spot a two day delivery transaction the trade represents a direct exchange between two currencies and has the shortest time frame forward one-way transaction, where two parties agree on a transaction on a future date, regardless of what the market prices are by that date futures foreign exchange futures are exchnge traded forward transactions with standard contract sizes and maturity dates options the market where the owner has the right, but not the obligation to exchange money denominated in one currency to another currency at a pre-agreed exchange rate; this is the deepest, largest and most liquid market in the world
Forex Terms Glossary Ask to buy Bid to sell Bid/ask spread (pips) the difference between the proposed buying price and the actual selling price Bearish when the price is going down (downtrend) Bullish when the price is goin up (uptrend) Base currency first currency in a pair (example: EUR/USD) Counter currency the second currency in a pair (EUR/USD) CPI measure used to calculate the change in the prices of consumer goods in 200 categories Gross Domestic Product total market value of all goods and services produced within a country (GDP); it usually influences the exchange rate of the countrys currency Going long investing in the base currency Going short investing in the counter currency Lot - $100,000 contract value Mini Lot - $10,000 contract value Leverage the ratio between the money you deposit in your account to the actual value: if you use $1,000 to buy a Forex lot (contract) with a $100,000 value the leverage is 100:1 Liquidity financial ease of transaction, i.e. cash Pip (percentage in point) the measure of the smallest change in price amounting 1/10,000 of the value; if the EUR/USD price changes from 1.6161 to 1.6163 it changes by 2 pips. Pivot points the tool to predict low and high points of the graph; pivot points show short-term trend and have to be recalculated each business day Trading volume the volume traded Currency abbreviations:USD (U.S. dollars) GBP (UK pounds) EUR (European euros) JPY (Japanese yen) CHF (Swiss francs) CAD (Canadian dollars) AUD (Australian dollars) CNY (China yuan) CZK (Czech korunas) HKD (Hong Kong dollars) 4 HUF (Hungarian forints) ILS (New Israeli shekels) INR (Indian rupees) KRW (Korean wongs) MXN (Mexican pesos) PLN (Polish zlotys) SGD (Singapore dollars) ZAR (SA rands) THB (Thai bahts)
Trading psychology Many experienced traders agree that the most difficult obstacle to overcome to become an effective trader is the psychology. On a daily basis you have to deal with some huge issues, such as ego, greed, discipline, endurance, determination, prudence, credibility. That is the first and most important reason to invent a trading robot, or as it is called, an Expert Advisor. Implementing the robot you eliminate a lot of psychological hurdles that could influence your performance as a trader a lot. Protecting your funds Every trader should first of all think about controlling the losses. It really does not matter how big is your account, you should always afford a loss that occasionally can happen. The most difficult bit of money management is however to determine the risk ratio. Generally, it is said that you should never risk more than 2% of your account. On the other hand, when youre trading account is