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THE EURO FRACTAL TRADING SYSTEM
I have found this strategy to be very effective in my own live trading account. It will also be a refreshing look at the markets for those who don't like (or haven't been successful) with the traditional trend-following systems and indicators. I assume then that you as the reader have a grasp on the basic terms and fundamentals of trading—opening positions long or short, stop and limit orders etc. If you haven't done so then now is a good time. Open a demo account with CMS Forex. Their trading platform is called Visual Trading, that allows the trader to trade directly on the charts that you are following. This is extremely helpful for technical traders like myself. They even have built in trading systems that are customizable that clearly signal on your chart whether you should go long or short. You can even program the VT platform to open and close positions for you automatically! Even if you are happy with your current Forex firm and charting package, it will still be a great tool to download the VT platform. It is a FREE unlimited demo that gives you live data feeds. You can even use it to give you signals for The Euro Fractal Trading System and continue to trade with your current firm. To open a demo account with CMS Forex, simply click here: Here are some benefits of opening a live account with CMS: ** Execute orders and monitor your positions directly on the charts. ** Trade mini and standard lots on the same platform and account. ** Hedge - open positions on the same currency pair in opposite directions without them eliminating each other and without margin increase. ** Minimum amount to open an account - just $200 USD, 200 EURO, 300 AUD, 300 NZD, 300 CAD, 300 CHF, 150 GBP, or 25,000 JPY. ** 3 points spread on EURUSD and USDJPY. ** Trade with no slippage. ** Receive 2% interest on unused margin directly to your trading account. ** You can choose to deposit one of 10 base currencies, and monitor profit, loss, and all other calculations in your account in that currency! And withdraw it at any time - without conversion. ** Build and program your own instruments for technical analysis, using your own formulas, which will then automatically execute orders based on your custom indicators!
The Euro has developed a reputation of a stable and strong currency. This has enabled the Euro/US Dollar exchange rate to be the most liquid and commonly traded currency pair in the Spot Forex market. The Forex daily volume is 1.5 trillion dollars daily! Because there are so many market players, institutional and retail dealers, there is always the ability to instantly get in and out of long or short EUR/USD positions, making it the ideal speculator's instrument. The European Monetary Union (EMU) made up of 12 European countries adopted the Euro as their national currency in 1999. The EMU GDP is currently valued over 6 trillion dollars making it the second largest economic power in the world. In the Euro Fractal Trading System, we teach how to trade using the EUR/USD, as it has only a 3 pip spread in the CMS trading platform. The course is taught using a 1 min/5min timeframe, but the system is flexible and can also be used with a longer time frame and other currency pairs. This unique approach to day trading the EUR/USD involves using financial Fractals and no other technical indicators, as outlined in the Euro Fractal Trading System. The above report was taken from the Euro Fractal Trading system, written by Erol Bortucene of the Day Trade Forex Team. Byline: Erol Bortucene and Cynthia Macy are co-authors of ‘The Day Trade Forex System: The Ultimate Step-By-Step Guide To Online Currency Trading’. Visit:
http://www.daytrade-forex.com
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