Why does your currency trading system work?
The reason is quite simple. ALL professional traders, be they trading for themselves or for banks, financial institutions, funds, and the such like, adhere to the concept of support and resistance, which is the premise behind my system. When you see price violate a pivot point convincingly, there are automated trading systems out there that automatically kick in and buy or sell, depending upon where price is going. So, in essence, these two factors alone account for why other indicators are left breathing dust. Bar patterns, MACD divergence, different time frame readings, and trendlines are definite precursors to price changing direction but, in the final analysis, where price is in relation to its nearest pivot point, is the big clue. Tie all these indications together, and you are sure to out-fox price's next move.
How much profit can actually be made?
Of course, results can and do vary among individuals and no guarantees can be made as to profitability. However, let's look at some sample numbers based on averaging just +10 pips a day and each pip having an average value of about $7.50. A beginner working just four days a week and trading just one(1) unit/lot could earn about $300/week or about $1,200/month. A more experienced trader still working four days a week and trading three(3) units/lots could earn about $900/week or about $3,600/month. An advanced trader still working four days a week and trading ten(10) units/lots could earn about $3,000/week or about $12,000/month. Our system aims to achieve on an average of 70 pips per day
What if I don't have $5,000 of risk capital to open a trading account?
There are some online brokers that permit new traders to open trading accounts with as low as $1,000, and allow trading with $500 margin. However, you must be even more careful with a smaller account since any loss magnifies reduction of your trading capital and the ability to continue trading your system. That is why most experts recommend that one starts self-trading with at least $5,000.
What currency pairs traded do you mostly trade?
We believe in specialization so we focus mostly on the Euro/USDollar pair. We find this pair has a very stable pattern and daily range.
What's included in your training course?
7 hour CD audio/video recording, 100+ page manual, access to member area (pivot calculator, message board, daily trading review), one month free phone consultation.
Does your course assume any prior trading knowledge?
No. We start from the begining.
How long does it take to complete the course?
2 days to 5 days.
Why are you not just trading this system instead of teaching it? What is your background in forex trading?
I was perhaps one of the first to enter the forex when it became available for public trading in 1997. It was a logical extension of my commodities trading career, as there are so many similarities between the two markets - although the forex is by far the best market for a whole bunch of reasons. I teach it because I enjoy reducing complex topics into simple solutions, and I enjoy meeting the people I do. Were it not for what I do I would not have met some of the world's top-flight traders like Tom DeMark
(by e-mail in his case). I also got into the teaching side almost by mistake. I wrote a book as a hobby. One thing led to another, and it became a hot seller. As a matter of fact, it is technically classified as a best seller. My first love is trading, but now I have the best of both worlds. I can do both.
About Peter Bain
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