​Daily Trades ​System Methods
Module 1

​There are​ 2 part of the videos that I will go through.  

#1 - The process of opening a demo and a live Forex account. ​

#2 - How to download and install the MT4 ​Platform.

​In order to follow along with the videos you basically just need to find a broker that uses the MetaQuotes platform (MT4). According to MetaQuotes' website, there are actually HUNDREDS of brokers using their software. So you should be able to find one without much problem. When it comes to opening and verifying your account, most brokers will have similar requirements to what I discuss in lesson #1.  And remember to start with a demo account before you start trading real money. It is often easy to set up a demo account, so do that first so you can get started on the course. Then you can go through the process of getting your money account approved and funded.

​In this video I go through the simple process of adding indicators to your charts. Word of warning to the wise. Try not to over do it with too many indicators on the chart. It will cloud your overall judgement. People who clutter their charts up with so many indicators are destined to lose..

There's too much info on the charts to analyze.​ The trick here is to keep your mind at bay without overloading it with all that data. If you still struggle with say 2 or 3 indicators on the chart, think to yourself, what is it that's confusing you.  ​Once you identify this you'll be on your way to getting over that hurdle and pulling out some nice trades!

​In this video I go through the process of adding Expert Advisors to your charts.

CAUTION!: ​Trading with automated robots - software scripts that will open and close trades for you is not advisable to those who have no understanding how Forex works.

It's imperative that one learns the ropes before attempting to take any robots on to trade for them. Unfortunately, many of them out there do not work.

However, many do have a 30-60 day money back guarantee, so you can use a demo account for a month and perhaps try the robot out on a small micro account and trade at 10 cents per pip on a $100 live balance trading account.

​In this video I explain what the header menu is used for.

Pretty simple stuff here really, just the overview of where to navigate to on the trading station to perform a particular function

​In this video I explain the short cut icons. Pretty simple stuff here really - again, just the overview of where to navigate to on the trading station to perform a particular function

​In this video I go over how to use the Market Watch.

Remember. There are 6 major currency pairs. Not 4. They say there are only 4 b'cos they are most talked about.

The 4 most talked about currency pairs are:
EUR/USD = Euro Dollar vs United States Dollar
GBP/USD = British Pound vs United States Dollar
USD/JPY = United States Dollar vs Japanese Dollar
USD/CHF = United States Dollar vs Swiss Franc

The other two pairs that make up the 6th major currency pairs are:
AUD/USD = Australian Dollar vs United States Dollar
USD/CAD = United States Dollar vs Canadian Dollar

There are over 25 pairs to trade. My best advise is try not to get overwhelmed by the many choices you have to trade.

Each Currency pair has its own personality, how far is moves in one day, and how fast it moves. And lastly, how reactionary it is on news. You'll find that some currency pairs will move fast and retrace, while others like the AUD/USD will tend to ignore the ongoings with the other major currency pairs like EUR/USD and GBP/USD which tend to follow the same direction when it moves on most occasions.

However, the AUD/USD is like a Snail, it'll follow the EUR/USD and GBP/USD, and if these two pairs are going up, hits a high and reverses, AUD/USD will continue to make its climb up until it too reaches a high and depending if that level is a strong supply level, it'll retrace, if not it will break through to find and test the next high!

All of this will come to make sense as you study. :-)

​In this video I go over sections of the Terminal.

The terminal is where you will see all your live orders and live trades in action.

It has several tabs that you can navigate through to find your previous history, news and incomig mail as well as a journal of indicators being added to your charts.

It's pretty much self explanatory, however here's a video that you can watch if you'd like to know more.

​In this video I go over sections of using Chart Templates.

Chart templates can come in extremely handy when you want to quickly switch from one strategy to another.

In this video I go over the easy process of adding them to your Installation folder.

​The Options area is not really an area that you will visit a lot, if at all. So you can take this one in your stride and move on to the next video.

​Its not something that many of us tend to use.

This section is ideally used for those who are creating Forex Robots that trade for them automatically.

It's a shame that most robot creators have only just realised that using indicators to create an automated system will just not cut it.

We need previous back-data to find key point levels to react from. The data that comes default when installing the trading station comes from MT4 - Metaquotes Company.

So if you want this data, you will need to contact your Broker for it. Good luck, because most Brokers play stupid when you ask for this!

​Remember this! The higher the time frame you use, the more stable the outcome will be.

1 min to 15 minute charts tend to be used for Scalping or to perfect entry points / exit points.

The market will seem more volatile when you're looking at these time frames compared to higher ones.

Using the lower time frames can really get your heart pumping and emotions can start to play a huge role here. Try not to get too over emotional. Its normal to see pairs go up and down by 10-40 pips at any one time.

If it's anything newbies get wrong from set go, is closing out the trades due to the fear of the unknown.

Know your market! And you will reap the benefits that come with it!

​In this video I go over the options of using Leverage

Trading too high of a Leverage is one of the #1 key's of losing all your money!

Only experienced traders should ever trade high leverages as high as 1000:1, more common is up to 500:1

Ideal trading leverage size is 50:1.

The recommended leverage should be 100:1, but not to exceed 200:1 leverage.

What is leverage? In laymans terms look at it like this. Its how much you are borrowing, the base borrow size is depicted by the first set of numbers, ie, 100, 200, 500, 1000 to 1.

100:1 leverage account you are essentially borrowing 100 x more than your purchase amount is.

So if EUR/USD market price is at 1.43000 to open the EUR/USD at 1 lot, it will cost you $1,430.00

At 1000:1 it will cost $143.00
At 500:1 it will cost $286.00
At 200:1 it will cost $715.00

This is the actual amount that is removed from your free margin level.

It looks good from the outside looking in, doesn't it, knowing that the higher the leverage the cheaper the trade costs to open... however the downside here is becoming complacement and letting greed take over!

Do not go there! Trade Smart, not harder!

​It's really not that difficult. It's like balancing your checkbook!

Can you afford to buy desert for each days meals? No, do we still buy them? Sometimes :) But for most part we will wait until we have the money to venture out and have a nice cake after dinner, etc.

Know your market. Understand and pay close attention to the balance, equity, free margin within the Terminal, it'll give you an idea of how much you can afford based on the lot sizes you can chose to trade with.

Depending on the type of Live Real Money Forex Account you have and varying from Broker to Broker some will only allow 4 lots per trade or per account.

Once you've worked out how much free margin you have, ask yourself is the risk within your comfy zone. if it's not, reduce the lot size.

Beginners: I recommend trading at live real money account with say, $100 in the account and only trading lot sizes of 0.01 large, which will equate to either 10 cents or 1 cent depending the type of micro account you have with the broker.

​There's nothing better than waking up one day and start to prepare how much of a check you're going to write yourself this time!

With careful planning and keeping ones self disciplined at all times, one will see that over time the balance just increases when we're careful. Don't rush this. Trust me.

If you had a $100 account and made $10 per day, that's $300 per month, 300%!

Trust me, 100 pips per day is not difficult, heck, even 20 pips is not hard.

20 pips at 10 cents per pip = $2.00
$2.00 per day for 5 trading days a week = $10.00
$10 per week for the entire month = $40 / $50
$40 to $50 made per month on $100 = 40%-50%!

Know your outcome, know your target, and try to stick to it as much as possible.

And I can say this for a fact, if you do everything as I illustrate in these videos, you will easily be able to make 20 pips a day!

​If it's one question I get asked a lot, it's when is the best time to trade.

Well, it's really down to you. No matter where you are in the world, you can enter the market any time.

There's enough videos here to find your style. Most traders tend to stick to one method.

I on the other hand like to mix it up. I've traded so many different trading styles it's not funny.

As I grew I started to trade higher time frames so I can get more done. I hate having to keep my eyes peeled on the charts 8-12 hours a day.

It's not very productive, in the sense to get more done else where. It has its pro's and cons trading for long period of hours.

You can make more, on that note you can lose more as you burn yourself out spending all that time on the charts. It can get easy to forget ones self-discipline and enter the markets when one really knows that they shouldn't have.

Keep your wits about you, don't lose control!

​Forex Forums are like walking on broken glass!

You'll get cut if you don't tread in the right place!

Some of these guys on there know what they are talking about, but the other 99.9% don't have a clue!

They'll impress you with the image charts, etc. Thinking they know it all.

When it comes to you giving your 2 cents worth, they'll rip you apart!

These forex forums suck in the clueless, the inexperienced traders. It seems these forums ONLY want newbies to hang around, forget the professional traders. Its like a conspriacy to make you lose.

Don't get sucked in... chose who you listen to very carefully. But don't shy away from this course!

I'm showing you the CORRECT way to trade, with NO OUTSIDE DISTRACTIONS!

What I'm going to show you in the up and coming videos from this day forwards are techniques that will blow the pants off of anyone there! yeh, I'm that good! :)