Hello, I have searched the Forex industry and I have read and practice for thousands of hours. I have found and developed a scalping system which has above 95% success ratio and it is practiced in 1 sec time frame with ecn broker along with other auxiliary tools. It is based in price action, relativity strength, and corellations. All indicators are lagging and those in www.kodikos.com system are auxiliary, except the main one, which is real time price action oriented. I deliver the licensed system only through private lessons (10-20 hours through skype) and you will have to study the foundation material which is aprox 100-200 hours. In the meanwhile we will setup your trading office, software, tools platforms etc. I will take you by the hand and I will explain and saw you everything I know. The trade below in youtube is executed with ninjatrader and mbtrading feed. Mbtrading is an entry level ECN broker. When you are completely setup ,I will give you the kodikos.com licensed templates, indicators and I will share with you the rest of the bits through skype. I have wrote an ebook about this, but many pieces will be revealed only through the private sessions. The system in YouTube http://www.youtube.com/watch?v=uK3FBx12fGk The daily results are posted in Daily trading results( of my personal forum diary) for the last 60 days and you must register in order to see them. It is free. http://forexforum.gr/trading-journals/ I can educate only 3 people per month. The price is introductory and it will raise shortly. http://www.kodikos.com/indexen.html Feel free to ask any questions. Today results:
You can have these results if you study and practice hard.I am close to 100% success ratio in the morning trades every day. Join the 5%
Can indians Participate in this program and what is process for submitting money for trading . Can you name broker platform from where we will trade in forex .
Hello, You can trade from every place in the world. You will need a dsl connection,a modern system with as much ram you can find and dual monitor split desktop. You can start with a very small account of 1-2k in order to gather experience and raise your success ratio to 90% and above. You can start a bank account in your country and transfer the amount through bank wire.When you want to whithdraw funds you just email the broker to send you back the amound you wish from your profits and you raise the money with a simple debit card. It is tax free in many countries. Before this happen you will "play" with demo money for month-months to get familiar with the market , platform and to understand what are you doing. It will take a lot of reading and practicing. I suggest www.mbtrading.com as your first broker (accounts starting from 400$) or www.Interactivebrokers.com (accounts start from 10.000$ ) . I use the ninjatrader sw platform as a liaison between the broker feed and the market.All orders are executed in ninja trader and routed in mbtrading for final execution.The above charts and my licensed system is from www.ninjatrader.com . My system is one of a kind, it is custom made and lisenced only to my students, offering a serious competitive advandage. What I see in the micro-time frames of 1 -10 sec , is invisible to the 95% traders on the planet. Once you learn "to fish" the limit is the sky.None can ever take this from you. Cheers B
Hello, As I said I am delivering private lessons.During these private lessons you will get the system and how to use it. If someone shares a spaceship, will you be capable of flying it ? You will need at least 10 hours one to one training to learn how to fly and during these 10 hours you must read on your own 100-200 hours. Cheers B
You can use it from every part in the world as long as you have a dsl line and a tradestation. All your account numbers and sw fit in microchip or in a small piece of paper. Your inventory is your head ,your experience, knowledge and practice in a specific currency pair. You can start from 500$(I don't recommend this) .A capital for practicing a live account with one mini lot will be beetween 1-2k $. A capital to make a monthly income is beetween 5-10k $ The day was slow and choppy from the Frankfurt session. Did many trades without a proper result. Now we are in the ranging period so I will close it until the New York session. If I see the same slow and choppy market I will call it a day.
We had nice volatility early in the morning. Since it is Friday I will keep the loot and finish for the day.Weekend starts now,lol
At noon I have entered in a hedge trade . I took some more and then close it because I didnt want open positions in the weekend. The hedge : Closed all positions and of the week Have a nice weekend B
I wouldn't go to a financial forum and ask for lessons on how to be a webmaster. I certainly wouldn't go to a webmaster forum to look for forex trading advice. I am qualified to say that very few people here, if any, should even consider trading in forex. And they certainly shouldn't be learning from you. There is no reason that this thread should even be allowed to be posted here, it is totally unrelated to being a webmaster. Tom
Hello, Thank you very much about your opinion.It is respectable. The logic of my post here is that in DP come people that start their internet journey. I have come in DP because I am webmaster and I was looking for some template redisign. Digitalpoint has a lot of threads concerning forex .Forex main advandage is that doesnt have customer relations, it is a lonely journey. The main disadvandage is that you can loose money. I saw that there is interest on the topic and I posted my service thread. Since forex is an option to start working from home, I think that the discussion add value in DP. Very few people start the forex journey and that is because it is very difficult. Of course everything is difficult .There is nothing easy today. Whatever someone will try to master, it will take years of reading and practicing. My private lessons can cut this period to a fraction. In all fields there is 10% success ratio. If you like to check, if the forex journey is for you, PM me and I will give you free a valuable resource to check it. When you read this material you will know if you like it and if it suits your character. I repeat free ,zilts nada. Today we had fantastic bulish moves of EURUSD in Frankfurt and London. I have closed also the hedging I started yesteday in the first min of Frankfurt. Started a new hedge at 11.10
The fact remains that VERY FEW PEOPLE, IF ANY, HERE SHOULD BE TRADING IN FOREX. And if they are, they should not be seeking advice from you. BTW, are you posting results from a real money account or a test account?
ali, Are you sure that you should be trading in forex? You should understand that any amount of money that you put into your forex trading account should be money that you don't care about, because you are most likely to lose it. You should also realize that you are trading in a market that is a zero sum game that is only won by the brokers. And you are on the short end of the stick because the trader on the other end is most likely to be someone who has been at this game for 10+ years and has graduated with honors from a very good business school and has spent 60+ hours per week learning about forex for their entire career. The people you are trading against also have a huge advantage over you in the amount of fees they pay. The fees will kill you, especially as a small trader in a zero sum game. And, the people you are trading against also have a time advantage on you that you will never overcome. I am not trying to sell anything. I have nothing to gain. I just know that forex is a bad idea for 99%+ of people. Actually for most people, if legal, online poker is a better gamble. At least you can control the skill of the players you play against, you can't in forex, you gotta play against the big dogs from the get go. I have some credibility, I have 30+ years of experience as an investor and I am a CPA (I have worked for 2 of the Big Four). I have the skills and the resources to trade forex. I don't. I do play poker. Tom PS: click, so the questions to you are: Are the results you are posting from a real money account or a fake account? What are your qualifications? Did we work together maybe?
I use the CMC marketmaker platform and have done for many years i only trade cable and the beauty is that in the UK we have a legal loop hole that means that we dont have to pay any tax or capital gains on our winning trades.Its not for novices for sure and the most vital means of survival is to use the vital stop loss on each and every trade you then have a chance that if the trade goes against you it wont take the shirt off your back as you dont want to get that terrible email or phone call for a margin call.
My competitors claim that the results I am posting are from demo account(without proof,just thowing mad in the wall and whatever sticks) . I will not start an argument here about it ,since I am not willing to post my live account statement. You can check my daily results in my trading diary for almost three months now in: http://forexforum.gr/trading-journals/ About my Qualifications.I am over 45, I have two diplomas ,one in mechanical engineering and one in Economics. I have work for years in a fortune 500 Co. I have start dealing with computers from 1992. I am in the web from 2003 with IM and in forex from 2004. I have been specialized only in two currency pairs ,EURUSD(basically) and USDCHF(coplimentary). I dont trade any other pairs. I dont trade during news (except hedging).. These are my qualifications and if you dont like them, I am sorry I cant do any better. Cheers B p.s. For everyone willing to experiment with forex, I suggest he reads this article carefully : You can read articles concerning taxes in the same place I have my diary and results posted.
Forex Taxes This applies to U.S. traders only. Foreign investors that are not residents or citizens of the United States of America do not have to pay any taxes on foreign exchange profits. This information is for educational purposes only and should not be construed as tax or investment advice of any kind. Make sure that you consult with a tax professional about your forex taxes. More and more investors from all over the world are accessing the largest financial markets online through their personal computers. As demand surges for foreign exchange trading, more and more U.S. Traders have to deal with taxation issues at the end of the year. Forex: Taxed as Futures or Cash? Currency traders involved in the forex spot (cash) market, can choose to be taxed under the same tax rules as regular commodities [IRC (Internal Revenue Code) Section 1256 contracts] or under the special rules of IRC Section 988 (Treatment of Certain Foreign Currency Transactions). IRC 988 applies to cash forex unless the trader elects to opt out. The Advantage of Section 1256 for Currency Traders Under Section 1256, forex traders can have a significant advantage over stock traders. By reporting capital gains on IRS Form 6781 (Gains and Losses from Section 1256 Contracts and Straddles), forex traders are allowed to split their capital gains on Schedule D using a 60% / 40% split. This means that 60% of the capital gains are taxed at the lower, long-term capital gains rate (currently 15%) and the remaining 40% at the ordinary or short-term capital gains rate, which depends on the tax bracket the trader falls under (as high as 35%). This results in an average rate of 23%, which is 12% less than the regular (short-term) rate. If cash forex is subject to the Section 988 rules, how can a trader elect the more beneficial Section 1256 split? Please read on to find out more. To Opt Out or Not to Opt Out of Section 988 Companies that profit from the fluctuation in foreign exchange rates as part of their normal course of business, fall under Section 988. This means their gains and losses from foreign exchange (such as buying and selling of foreign goods) are treated as interest income or expense and get taxed accordingly. Consequently, they do not receive the beneficial 60/40 split. Since forex traders are also exposed to daily exchange rate fluctuations, their trading activity falls under the provisions of Section 988 too - but don't worry. The IRS wants to be nice to you (so far). Because these daily fluctuations can be considered part of a currency trader's assets in the normal course of his business, the IRS gives the trader the option of rejecting (opting out) of Section 988 and electing that the gains be taxed under the favorable 60/40 split of Section 1256. What do you have to do to opt out of Section 988? Even though you don't have to file anything with the IRS to opt out, you are required to do so "internally" before starting to trade; i.e., you must keep records in your own books about the fact that you are opting out of Section 988. Many currency traders bend the rules by waiting after the year is over to see if they have any gains from their trading activities. If they do, they claim that they elected out of IRC 988 to enjoy the beneficial Section 1256 treatment. On the other hand, if the sum of the trades from cash forex is not positive, they stick with the traditional Section 988. Since (under the current tax law) it becomes very difficult to disprove whether the trader made the election at the beginning or at the end of the year, IRS has not yet begun to crack down on this activity. What does a Forex Trader do When Tax Time Comes? Forex traders should receive 1099 forms from their US-based broker at the end of the year like stock and futures traders do. No matter in what country your forex broker is based or what tax-related reports they provide, you could pull up reports online from your accounts and seek the help of a tax professional. No matter what you decide to do, don't fall into the temptation of lumping your trades with your section 1256 activity (if any). Forex transactions need to be separated into Section 988 reporting. Given the fact that the forex market is one of the fastest-growing financial markets around, it might eventually come under closer IRS regulation. In the meantime, traders continue to enjoy tax advantages by trading foreign currencies. For UK Financial spread betting is the UK alternative to spot forex trading Financial spread betting is one of the most tax-efficient ways of trading the world's financial markets. Due to the structure of the financial spread betting, all gains are currently completely free of capital gains tax. (although tax laws can change). However, this does mean that any losses cannot be offset against future gains, but it is potentially a very small price to pay for this exciting trading derivative. Under current law, individuals in the U.K. have a government capital gains tax allowance of around £8,000 per year (2006/07), but once you have exceeded this, the tax exempt status of the spread bet makes it an invaluable tool in maximizing your profits. Since your transactions through FOREX BROKERS are considered bets, your profits are exempt from capital gains tax. Because spread bets are a derivative (not physically owned like a share), there is currently no stamp duty to pay. If you were to trade a position size each day of £25,000 through a traditional stock broker, you would have to pay the government £27,500 in stamp duty for the entirety of the year. The market was extremely chopy today full of whipsaws. I have took some profit in Franfurt and London with very quick moves in and out . I have started a hedge trade. After many hours closed some more profit and I am still in the hedge trade