marklarsen_forexsystem

8/13/2019 marklarsen_forexsystem

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Forex TradingSecrets Revealed

by Mark Larsen

Copyrights Mark Larsen, 2010 www. Secrets.bz and ForexSyste!s"e#iews.co!
http://forex-systems-reviews.com/http://forex-systems-reviews.com/


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Forex Risk Disclosure.

Trading foreign exchange on margin carries a high level of risk, and may not besuitable for all investors. The high degree of leverage can work against you as well asfor you. Before deciding to invest in foreign exchange you should carefully consider yourinvestment objectives, level of experience, and risk appetite. Invest only what you can

afford to lose.



3/28

ABOUT ME

Hey guys, ark !arsen here"

#ou probably know me from my independent $orex systems reviews website$orex%&ystems%'eviews.com

(uring the last ) years I have published over *++ reviews of most commercial

trading systems. $orex &ystems 'eviews is a *++ free and independent forex service.-e never join any affiliate or referral program" -e dont charge a fee to any forex ser/vice provider nor to our users. 0ll forex reviews are only based on the last test perfor/mance of each forex system service and our own experience. -e were really tired of allthat crap going on out in the forex market recently, so our goal is to spread the word ofhonesty about each system to all fellow traders looking for help and advice.

y amateur forex trader friends were always asking me to recommend goodforex systems to them because you know we are all too la1y to analy1e the forex markettrends ourselves since it is boring technical and fundamental analysis and things likethat.. &o I finally got fed up with these re2uests and decided to make a report summary

on each top forex trading system I found so fellow traders didnt have to searcheverywhere for the information. To my surprise, I have found that most of the forexsignal providers are just mere get-rich SCAMS, promising high profits with no proof andfake reports" &o be careful and always read my short forex reviews before orderingsuch services.

http://forex-systems-reviews.com/http://forex-systems-reviews.com/http://forex-systems-reviews.com/http://forex-systems-reviews.com/


4/28

ABOUT THIS BOOK

I am not a forex guru or hippie marketer that is trying to sell you some crappy

system. I am a trader just like you. $irst of all I need to say that I did not write this eBookfor myself, but for each and every one of you. I hope that it will be beneficial for

everybody that reads it and that you will share it with all the people you know.

In this book I will guide you step by step from the forex basics to the best cherrypicked strategies and secrets that I use. 3verything that you need to know about how tostart making money on forex" I am going to share the most valuable insider forex se/crets and strategies that I4ve learned the last *+ years.

&o please get rid of all distractions and interruptions, turn off your instant mes/sages and email reminders, close the door and prepare to be ama1ed" #ou are going tolearn something '30!!# valuable today"

I know that most of my fellow traders are newbies so dont get frustrated. $orex isa risky market but it is very lucrative at the same time and it has a lot of opportunities foryou to make some money.

3nough words. Take my hand and lets get started"



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FIRST STES

$irst, you need to start with the basics, if you don4t know what $5'36 means,you will not understand anything in this eBook and therefore you will very likely loseyour money. &o 7!30&3 don4t skip any steps" I will teach you what you need to know,once you have the basic knowledge"

!ell "irst o" #ll $h#t the heck is Forex% !h#t is th#t stu"" #ll #&out%

-ell, the origin of $5'36 trading traces its history back to centuries ago blahblah blah. (ifferent currencies and the need to exchange them existed since theBabylonians. In those days, the value of goods were expressed in terms of other goods8also called the Barter &ystem9.

The si1e of the $5'36 market now dwarfs any other investment market. Theforeign exchange market is the largest financial market in the world, guys"""0pproximately *.: trillion dollars are traded daily in the foreign exchange market. It isestimated that more than *,;++ Billion


6/28

CHOOSI() A BROKER. BROKERS* DIRT+ TRICKS

$irst things first. To keep the long story short, to start trading first you need tochoose a broker and install etatrader platform"

!ets face it, the majority of all forex brokers that support the etaTrader Cplatform are pure bucket shops. The truth is you are not actually trading in a true marketenvironment but instead in a @sandbox@ type of trading environment called dealing%deskwhere the broker has full control over your position. #ou are winning money and he is

losing it. 0nd in this such type of environment winners are obviously not welcome. If youwin consistently on a long term basis, your account can be banned or suspended andall your profits go to nowhere" 5r instead into the brokers greedy pocket"

&hockedD" Here is more...



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$or long time I have been looking for a TC broker which offers a true non%dealing desk trading environment. 0 lot of them claim this but it is all pure B&, if youllpardon my $rench. If they have fixed spreads they =0EE5T be a non%dealing deskbroker" 0ny broker that offers fixed spreads by definition cant be offering a no dealingdesk trading platform. ?ust be aware that when there is a trading desk involved 8be ithuman or computer operated9 you are not trading in a true market environment.

0 dealing desk broker, which acts as a market maker, may be trading againstyour position" They randomly increase the spread to kill your scalper trading systems,they send you fake spikes to hit the stop loss limits and they send you off 2uotes errorswhen you4re trying to close the position in profit telling you fake stories about cra1ymarket conditions and banks li2uidity. 0n insider friend of mine who is a keyprogrammer working for a dealing desk brokerage firm on the -est =oast,acknowledged that brokers spike rates of up to *) pips on a routine basis and for avariety of reasons""

So ho$ 'o ,ou get #rou' this% The solutio is si/le0 use EC(1ST &rokers.

Here #re AD2A(TA)ES OF THE (O(-DEA3I() DESK EC(1ST &rokers

4. (o Iheret Co"lict o" Iterest.Eon%dealing desk brokerage firms do not tradeagainst their clients. 0s facilitators of trading, they do not take positions that may fromtime%to%time conflict with the interests of individual traders.

5. M#rket Access. Eon%dealing desk brokers offer every trader, big and small, e2ualaccess to the inter bank market. The rates 8bid and ask prices9 on a non%trading deskplatform are not those set by an individual broker but those derived from active trading



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between participating banks, institutional investors, $=s and individual traders. Theprocess itself makes every trader, regardless of si1e, an independent market maker.

6. He#lth, Tr#'ig E7iroet.Eon%dealing desk broker rates as well as bidFaskprices come directly from the inter bank system. They are not filtered or otherwisemanipulated or spiked by the broker to gain a trading advantage.

8.Tr#s/#rec,.Eo mind games. -hat you see is what you get.

Ho$e7er there #re "e$ DISAD2A(TA)ES OF THE (O(-DEA3I() DESK

4. Higher s/re#'s

&preads are variable, not fixed. $orex is an extremely fluid market. &preads are in aconstant state of flux and when traders trade through a non%dealing desk, they may seea do1en or more banks posting rates % the most attractive appearing above all theothers.

(uring peak trading hours, spreads can drop to 1ero, a fact most traders using a dealingdesk are not aware of. (uring off%peak hours, spreads can be considerably higher.

5. Higher Cost o" Tr#'ig

Eon%dealing desk brokers dont offer or execute trades based on fixed spreads. Theycharge a nominal transaction fee 8commission9 which is bit high. &uch is not the casewith a dealing desk broker. -hether inter bank spreads are high or low, they just boosttheir rates to guarantee the profits they have imputed in their fixed spreads.

So is there #, ch#ce to "i' # MT8 EC(1ST &roker%% The goo' e$s - ,es.

I cant name the companies of course because it will look like I endorse them, however Ican point you in the right direction for your research"



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&ome 3=EF&T7 providers offer their own custom 07I or Bridge you can use to maketrades in TC. 5ther companies offer commercial software to build a bridge between3=EF&T7 environment and TC platform like Boston Bridge Tech.

I believe as more time passes, more and more brokers will offer an honest regulated3=EF&T7 environment so you can be sure no one is manipulating your trades"

M, Broker o" choice

=urrently my broker of choice is Iamfx.com and here is $h,. I decided to make adue diligence and find out more about this company.

$irst of all I will say that I really like this broker. Iamfx.com is a very new company8they only started the business in ;++:9 however in just a few months it became aheadline of the first innovative broker that @works for you@, not against you like themajority of dealing desk market makers. Iamfx.com does not try to cheat you byskyrocket spreads during the 0sian session, sending spikes and off 2uotes when you tryto exit the trade in profit 8a common broker trick9 G9

Iamfx business model is comprehensive and fair % they give your raw 8meaningreal low inter bank spread without adding an additional ;% pips to the spread like otherbrokers9 and charge you * pip commission 8which used to be ;.C pips in the past butthey made right decision to lower it9. This means that your scalping 30s will have agreater chance of covering the spread and reaching the T7 target faster.

5f course before joining them, I decided to dig deeper and find out thedisadvantages too. Here are the cons that I found out and I believe you should beaware of before joining them. $irst of all they are officially located in


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5ne more disadvantage % they don4t accept credit card deposits, they only acceptwire transfers and checks, at least at the time I am doing this review. I heard they planto accept credit cards and 7ay7al in the future.

Iamfx does not make huge promotional campaigns spamming all the forumsand blogs. They are growing by providing good service and I believe that @word of

mouth@ is the best way for promotion for the @right company@.

Iamfx is good if you trade robots like fapturbo, megadroid, robominer, forexbling,shocker, cyclone, etc. which re2uire low spreads to be profitable.

5ne more note % their currency pairs have prefix @ifx@ and @iam@ which means ifyou want to back test any robot, you need to manually download the history datasomewhere and then place it to @History@ folder in Iamfx folder and then manuallyrename the files. #ou can also download data from Iamfx site.

Eow here is the good part % Iamfx offers free J7& for all its clients with live

deposits no matter how large your deposit is. Their J7& is not a lagging windows serverbut a web based panel that can be accessed from any 5& simply via the browser"

The bottom line is that the Iamfx.com service is really good and it is currently the brokerof choice for the TC trading.

http://forex-systems-reviews.com/https://www.iamfx.com/http://forex-systems-reviews.com/


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Ist#llig Met#tr#'er

etatrader platform is a free software that is provided by the broker so you cantrade forex. Installing etatrader is really easy"

I won4t take ;+ pages of my ebook posting the screen shots on how to installetatrader. 3ven a baby can do it.

&imply go to httpsGFFwww.iamfx.comFfreedemo.phpand sign up for the free demoaccount with the broker. Then follow the steps.

Eote that etatrader works only under -indows 5& 867, Jista, -indows K, etc.9.If you are a 0= or !IE


12/28

!H+ EO3E FAI3 O( FORE9%

It4s not a secret that :+ of newbies fail and lose their money. How do you notjoin the army of poor losersD #ou must start with a weapon of knowledge"

The leverage is the killer of your deposit" Eo matter what the forex brokers tellyou, don4t ever open a Astandard account with just L*,+++ or a Amini account withL*)+. The number one reason new traders fail is not because they suck, but becausethey are undercapitali1ed from the start and don4t understand how leverage reallyworks. $or example, in forex you can control L*++,+++ with a L*,+++ deposit. #ourleverage, which is expressed in ratios, is now *++G*. #ou4re now controlling L*++,+++with L*,+++.

&o the number one rule is don4t underestimate leverage" Beware of the risk offorex trading" l#, ol, $ith oe, ,ou c# #""or' to lose:

!ike any other business, forex should be taken seriously. It involves lots ofpatience, skill and a good strategy. 7eople who are impatient fail miserably and lose alot of money. #ou might face losses but you need to have the capability to get back upand get profitable trades because profits and losses are a part of the forex trade.

Try to educate yourself with every loss and make sure that you understand whythings would not go according to your plans. 3very person who enters forex would

definitely need experience before they can expect any sort of huge profits. 0s long asyou are impatient, you would falter and get discouraged in the field of forex trading. &o,patience will definitely be one of the most important characteristics that you need tohave. #ou should also be able to possess money management skills.



13/28

FOREX UGLY TRUTH REVEALED

It4s not your fault if you already lost money on forex. The truth is that a highmajority, over :+ of people, lose money in the first month. But you know whatD #our

money does not disappear. 0ll the hard earned money that you lose on forex just goesinto the pockets of rich guys that know something that you don4t even think about.

The forex industry top guys want to keep this information from you. They aretrying their best to prevent transferring money from people like Athem to people likeAus. That4s why the Internet is overfilled with crappy courses and systems that neverwork. 0nd I will give you real examples in just a minute"

E7er,&o', i the "orex i'ustr, is tr,ig to suck oe, "ro ,ou:

&elf proclaimed forex gurus sell you expensive courses filling your head withuseless mathematic crap that will never help you. #ou pay thousands to learn about$ibonacci ratios and 3lliot -aves and still have no idea how to use them. 0nd the moreyou learn the more frustrated you become" -hile you spend sleepless nights trying tofind proper graph patterns, study hundreds of indicators and theories, Athey simply earnmoney. They don4t even have to trade themselves anymore because you fill their

pockets with money anyway"

!ets take forex brokers for example.. They claim they earn money onAcommission but in reality they are earning money on your losses" Sur/rise'%

(id you know that most of them use special software for simulating forex tradinginside the broker4s dealing server without actually moving your money to real worldforex trading"

(id you know that this special software is gathering the information about thelevels where the clients4 massive stop loss limits are located and randomly send spikes

to hit such levels forcing all of you to lose money overnight"



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A' there is ore::

(id you know that if you try to make consistent and huge profits, brokers mostlikely will terminate your account saying that they are not interesting in doing businesswith you anymore"

(id you know that they post fake analytics and forecasts on their websites writtenby their own hired authors pushing you make wrong decisionsD

&hockedD

If they are not telling you this, what else are they hiding from youD

The forex industry wants to keep this information from us. It4s obvious they aregetting rich off you and me.

But /eo/le like ,ou #' e 'eser7e this i"or#tio.

0fter all, if we know their secrets, we don4t need to give them our money"

That4s why 'yan and I created our independent forex review service and $orex&ecrets videos. I am not sure how long our website will stay online because I heard they

are very angry about it and are going to ban our website pretty soon.

That4s why I urge you to ;oiyou our private group of fellow forex traders rightnow until it is too late. There is not hidden catch here. 3verything that I am going to tellyou will cost you nothing, free, 1ip, 1ero"" yep, you heard correctly, nothing"

http://secrets.bz/http://forex-systems-reviews.com/http://secrets.bz/http://forex-systems-reviews.com/


15/28

HOW TO AVOID FOREX SCAMS?

#ou know for over *+ years, I have been trading forex and have seen nearly alltrading systems available on the market. 0nd you know whatD To my surprise, I havediscovered that most of the forex systems are just mere get%rich &=0&, promising

high profits with no proof and fake reports" 0nd instead of getting rich overnight you aregetting a lot of hassles, wasting money and time.

But the good news is there are still a number of legit and great performingsystems that you can pick up for your trading.

0nd you know me" I cant let scam artists drain money from your pockets" &otoday I decided to educate you on how to understand if the forex system is a scam or areal deal.

&o, how do you make a proper due diligence investigation and find out if we are

dealing with scam artists or if we found a really great systemD

Today we4ll start with an investigation of the vendor4s website and look for anyscam signs on it. The website will tell us a lot.

Here #re the coo this is #/oteti#l sc#?

Ure#listic cl#is #' /roises.AWith our system youll make 1,000,000 In amonth? 100 grand in a week N hehe. &uch claims can be found everywhere and are agood sign it4s a scam.

Take a look on this website. I would not tell you the link but I think most of youwill recogni1e the Ahero.



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How do you like that @80@@@0@@@ /i/s l#st ,e#r@ D That is C million divided by ;)+trading days O *M,+++ pips per day.

*M,+++ pips divided by *P traded pairs O near :++ pips per day, per pair """ -hatan inspiration to all of us under%achievers. >%9

3very newbie knows that such returns could not be obtained on forex market.

F#ke st#teets #' re/orts.


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So c#lle'


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reasonG the trading rules are on the vendor4s server, not inside the robot. &econd, howcould you trust the system that relies on the connection to the vendorD -hat if hisserver goes down or messes the signalsD The whole trading will be messed up and youlose your money 00IE"

Do ,ou see $h#t I e#%&uch black box approach is used to fool you andmost of my fellow traders" (on4t get caught by these scammer tactics and watch out"

&o be careful guys and always check my short independent forex reviews beforeordering any services" There are some good systems out there that can make yourealistic returns but you must be clever enough to find them among the tons of scamservices"

If you have your own experience dealing with forex scam artists, please sharethem with me"



19/28

Do I need VPS?

!h#t is 2S #' ho$ to cook it %

$orex robots need to be trading ;C hours a day, ) days a week using your computerresources. If the robot experiences any interruptions during trading hours, this mayresult in missed trading opportunities or the loss of money. If you are unable to properlylog on to your computer, this may also affect the trading platforms and the robot. $orexample, maintenance of your computer or new installations may have to be completed

during non%trading days which can present a problem.

#ou may also be afraid that other people will use your computer 8i.e. your kids9 and theymight accidentally close the platform or even worse, make a wrong manual trade thatwill cause you dramatic losses. -hat if there is a power shortage and your system isaccidentally restartedD If you dont have a J7& setup, you can lose a lot of money.

So.. Is there # solutio% +ES:

#3&" It is called a Jirtual 7rivate &erver 8J7&9. ore than likely, you have heard aboutforex trading J7& from various forums and advertisements. In case you dont know, aJ7& is a network of computers that are owned by a company that speciali1e inproviding access to their computers for a monthly service fee, through the Internet.These computers are maintained by experts who keep them updated with the latestsecurity firewall and virus protection. They are working most of the week apart fromhours of scheduled maintenance 8and of course unscheduled, should any problemarise9. #ou have the ability to access these computers remotely 8which is calledterminal%operation9.



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2S ser7ices #re cool, 'i7i'e' ito 6 grou/s?

4. Tr#'itio#l 2S se' o $i'o$s ser7er 5@@6.#ou get only a raw server and have to install everything yourself here. #ou get accessby remote desktop tool. #ou have to upload, update, activate your robots yourself,

install metatraders, configure the firewall and all these hassles..However, such services are rather cheap and you can install severalmetatraders on one J7&. 0 perfect solution for computer professionalslike me.3xamplesG swvps.com and forexvps.com

5. re-ist#lle' Met#tr#'er Forex 2S.3xamplesG e1forexhost.com and forexhoster.com&uch services are more expensive, however more user friendly and were developedespecially for forex traders. They are easier to setup but you must do everythingyourself from uploading

30s to updating the settings. #ou get access by a connector tool and get pre%installedmetatrader" 0 good solution for forex traders if you have some basic computer skills.

6.!e& B#se' 2S. 3xampleG Iamfx.com J7&. This is the perfectsolution for forex newbies because they offer a @set and forget@approach. #ou get full support and pre%installed metatrader. #ou don4t need to setup theserver or install anything. ?ust upload your robots or use pre%installed robots.The main advantage is that the web based Iamfx.com J7& can be accessed from all5& 8-indows, !inux, 0=9 because it works in your web browser. 7lus it is free.

So the #i uestio is? Do I use hoe C or 2S%

The answer is simpleG #3&"" 5f course I use 0E( HIH!# '3=53E( #5<


21/28

M, Tr#'ig Str#teg, Re7e#le'

5k. Here is the best part of the ebook. Today I will describe a simple but very powerfulstrategy that I use in my trading.

ake sure you have a paper to make some notes and feel free to send me an email ifdid not understand the idea.

5k. here we go"

-hat you need is a Bollinger Bands indicator which is a part of every metatrader. anytrades underestimate the power of this simple indicator invented by ?ohn Bollinger in the*:P+s

!ets apply this indicator to the *) 8*) minutes9 B7


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formed, when it finishes and the next candle opens under the previous !ower band thenI enter a !ong trade.

A' here is the trickthat most people don4t use and that4s why they fail to use theBollinger Bands indicator successfully. They don4t know when to close the trade andtherefore wait till the price reaches


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2IDEO. =heck out my video about this strategy here.

-ellQ This is not just a nice theory. Here is my real trading history based on thisstrategy. Broker Iamfx.com icro 0ccount

Contin$ed next page%

http://secrets.bz/bonustrackhttp://secrets.bz/bonustrackhttp://forex-systems-reviews.com/http://secrets.bz/bonustrackhttp://forex-systems-reviews.com/


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&s yo$ can see ' trade s$ch pairs as ()*+S, -+"()*, +SC&, +S*/. ' $se dierent

settings or each pair. WORKS LIKE CHARM!*roits are #ery consistent and osses are #ery

i!ited beca$se ' hit SL #ery rarey and nor!ay i!it the osses by the trick with Mo#ing

a#erage that ' described

I dont s t"t I t#de O$LY %s&n' t"&s st#te' (%t &t &s one o) t"e (est s&*+,e st#te'&es

t"ts +#o-en to (e #e,, 'ood! And o% .n st#t %s&n' &t no/! Re*e*(e# to st#t on

De*o!



25/28

MARK LARSE$ SECRET FORMULA

-#eryone asked !e to share !y secrets abo$t the back tests and opti!izations that !ake !y

strategies so power$

3kay okay... 4ake so!ething to !ake records and ets gets started

First things irst. 5ere is one !ore good idea to consider. ' yo$ peror! an opti!ization oreatrading strategy, yo$ can !ake yo$rse a #icti!oyo$rownopti!ization ' !ean yo$ wi create

settings that work on history b$t ai in orward test

4he tr$th is yo$ can opti!ize e#ery strategy on a deined period o ti!e so it wi peror! great

with good proits. 5owe#er, when yo$ r$n rea trading it starts to ose !oney. 4hat is a co!!on

!istake o newbie traders. 'nstead oopti!izations, yo$ ie to yo$rse 6 yo$ si!py teach yo$rstrategy to oow the history So yo$ get settings that work 37L/ on the past price data ' !ean

yo$ get settings that show how yo$rsyste! C3+L peror! i yo$ ran it -8&C4L/ d$ring the

speciied period in the past

0%t t"e +st &s GO$E!!7ew !arket conditions co!e and yo$rsyste! beco!es hepess and

t$rns into a oser

4o a#oid this !istake, earn !y specia secret ' caed it 9M#12s TRADI$G LAW o)3459.

So$nds pretty coo, ha: ;

marklarsen_forexsystem

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