How BIG Is The Global Forex Market, Really?

You're looking at daily money worth 1.3 Trillion US Dollars. That makes it bigger than any stock market in the world, and any trading volumes that you might find there.

Trading starts in Sydney (Australia) late Sunday/early Monday and moves to Tokyo (Japan), Frankfurt (Germany), London (UK) and New York (USA)

It's a 24-hour market that works 5 days a week.

The "trump card" that forex has over any other investment & money making opportunity is that:

1. There are no commissions to pay to your broker
2. You can start with as low as $25
3. You can start seeing money minutes after your trade begins
4. You can do this part-time (beats working at a burger joint anytime)
   
5. You can use software (called Expert Advisors) to trade for you

Simple 'Manual' Technique Makes Some Cool Profits & Pips

When I started trading forex, I focused on a simple method called the Breakout Technique.

This gave me consistent profits throughout the week, ranging from 100-200 pips. Obviously, some days were better than others.

• Focus on the GBP/USD pair (1 hour chart)
• Mark out the candlesticks between midnight GMT and 8GMT
• Draw two horizontal lines at the high & low for that time frame
• When the London session begins at 8GMT, take a buy or sell order 10 pips above the high (or low) for that day
• Set your Take Profit at 30 pips & Stop Loss at 40-45 pips
• Once in profit, you can trail it to make much more than 30 pips per trade
  

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