Courses Infomation
Damon Elliott – FTSE Trading Strategies Exposed
Damon Elliott – FTSE Trading Strategies Exposed
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Description
FTSE Strategies Exposed
This manual (33 pages) opens with a focus on Damon’s background, Spread-betting (how it all works) and then Strategies (and why most of them don’t work). All useful information to those new or relatively new to trading.
Damon also reveals the system (that is not his) that he uses which “works consistently every day to take 15 pips profit every day”. We have asked Damon for permission and he is happy that we mention that it is the Markets Mastered/S&P Evening Trader system. Our previous review of this system can be found here.
Damon then explains his own system which he uses “every single day to earn 10/20 pips before 11:30″ which also incorporates the “one thing you can apply to any strategy to reduce up to 95% of losing trades”. The system is based on a 5 minute FTSE chart using a MACD with custom settings and price action around Pivot points with various options for Stop loss settings as well as Targets. This is a reasonable common sense strategy with a sound introduction to the various Stop and Target options one can/has to consider when trading lower time-frames (15 minutes or less). As part of Damon’s Daily updates (by email) he lists the outcome for each option every day as well as screen shots (with commentary) of the day’s Price action.
What is forex?
Quite simply, it’s the global market that allows one to trade two currencies against each other.
If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.
An exchange rate is the relative price of two currencies from two different countries.
You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!
You’ve exchanged one currency for another.
Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.
Currency Exchange
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.
It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.
Salepage : Damon Elliott – FTSE Trading Strategies Exposed
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