Blazing Forex Trading System

“Forex Trading Essentials”

By: Tony Wong

Blazing Forex System

All rights reserved. Except for brief quotations in a review of this publication, no part
of this publication may be reproduced, stored in a retrieval system, or
transmitted in any form or by any means - including electronic, mechanical,
photocopy, recording, scanning or otherwise - without the prior written
permission of the author.

Disclaimer and Risk Warning

Trading any financial market involves risk. This e-book and the website
www.tradingimpact.com and its contents are neither a solicitation nor an offer to
Buy/Sell any financial market. The contents of this e-book are for general
informational purposes only (contents also mean the website
www.blazingforexsystem.com and any email correspondence or newsletters related
to the website).

Although every attempt has been made to assure accuracy, we do not give any
expressed or implied warranty as to its accuracy. We do not accept any liability for
error or omission. Examples are provided for illustrative purposes only and should
not be construed as investment advice or strategy.

No representation is being made that any account or trader will or is likely to achieve
profits or loses similar to those discussed in this e-book. Past
performance is not indicative of future results.

By purchasing the e-book, subscribing to our mailing list or using the website you
will be deemed to have accepted these terms in full.
The author, the website, the e-book, and its representatives do not and
cannot give investment advice or invite customers to engage in investments through
this e-book.

We do our best to insure that the website is available 24 hours per day but we
cannot be held liable if for any reason the site is not available.
The information provided on this ebook is not intended for distribution to, or
use by any person or entity in any jurisdiction or country where such
distribution or use would be contrary to law or regulation or which would
subject us to any registration requirement within such jurisdiction or
country.

Hypothetical performance results have many inherent limitations, some of which are
mentioned below. No representation is being made that any
account will or is likely to achieve profits or losses similar to those shown. In fact,
there are frequently sharp differences between hypothetical
performance results and actual results subsequently achieved by any
particular trading program.

One of the limitations of hypothetical performance results is that they are

generally prepared with the benefit of hindsight. In addition, hypothetical
trading does not involve financial risk and no hypothetical trading record can
completely account for the impact of financial risk in actual trading.

http://www.ImpactForexSystem.com
Blazing Forex System

For example the ability to withstand losses or to adhere to a particular

trading program in spite of the trading losses are material points, which can also
adversely affect trading results. There are numerous other factors
related to the market in general or to the implementation of any specific
trading program, which cannot be fully accounted for in the preparation of
hypothetical performance results. All of which can adversely affect actual
trading results.

We reserve the right to change these terms and conditions without notice.
You can check for updates to this disclaimer at any time without notification.
The content of www.blazingforexsystem.com and this ebook are copyrighted and
may not be copied or reproduced.

http://www.ImpactForexSystem.com
Blazing Forex System

What You Should Know about On Line Forex Trading

On line Forex trading is here to stay. Every day, millions of persons

engage in the act of buying or selling currency online. If you have
been thinking about this as a means of making money, here are some
things you should think about before you begin the process of buying
and selling currency.

You will find that there are many sites on the Internet that are more
than happy to have you register for a free account to purchase and sell
currency. However, you want to make sure you read the fine print
before you commit to any program. Some of them work off a structure
in which they will get a percentage of each transaction completed. In
some cases, this could leave you with less in the way of assets than
you had to begin with. Other sites will charge a flat rate per
transaction, which is a little better, since you will now know what it
will cost you to make the transaction in advance. However, there are a
number of sites that will charge you a flat monthly fee and allow you
to make unlimited transactions during the course of the month. If you
are truly serious about buying and selling currency, this will be the
model that you want to seek out.

No doubt someone has told you that you do not need to know a lot in
order to jump into buying and selling currency. This is incorrect
information. While it is true you do not have to be an investing whiz
or an economics major in order to be successful with this type of
venture, it is important to remember that knowledge is always
empowering. You can find several excellent tutorials online that will
help you grasp the basics of the process, including some tips on what
sort of signs you need to note before buying or selling anything.

http://www.ImpactForexSystem.com
Blazing Forex System

Several excellent choices are perfectly free, so you will not have to
invest a lot of money in getting up to speed, just some of your time.

Of course, it is always a good idea to have input from an expert before

you begin any type of moneymaking venture. If you have access to
someone in the financial community, get input on what they think
about the various online trading sites. You may be able to get some
references for one or two outstanding sites.

Once you have a list compiled of potential sites to sign up with, do

more searches on the Internet and see what type of comments you
can find about the veracity and integrity of those sites. While the
chances of coming across a site, that has no negative comments
posted somewhere on the Internet, you may very well be able to find
enough data that will help you pick an option that will make your on
line Forex trading a lot of fun and very profitable.

http://www.ImpactForexSystem.com
Blazing Forex System

How to Learn Forex Trading

You have determined that it is in your best interest to learn Forex

trading. Good for you. Understanding the intricacies of how the
world currency market works is an excellent way to protect your
assets. If you are not sure how to go about getting into the swing of
understanding and monitoring the currency exchange, here are some
suggestions of how you can gain the expertise that you are looking for.

First, sit down with your banker. Every bank in the world is plugged
into the process in some form or another. Chances are your banker
can help you grasp the basics of how foreign exchange rates are
calculated, what types of situations can impact the rates, and what
happens when there are fluctuations in the rate of exchange between
two countries. Your bank may even have someone whose main role is
to help bank customers understand finance principles in more detail.
It is not unusual for banks to offer short courses to their clientele on
subjects of this nature.

If you have an investment broker, he or she most likely has a well-

rounded understanding of the concepts of currency exchange.
Schedule some time to sit down with your broker and learn some of
the basics. You may find that your broker has resources available to
clients that will help you research the subject of currency and
exchanges in more detail, as well has help keep you up to date on
what the current rate of exchange happens to be for various countries
compared to your own.

If you are really serious about getting into the meat of currency
trading, you may want to look at classes offered at your local college.
There are quite a number of electives that will help you build the
background to truly relate to the way the currency exchange market is
set up. How to spot trends, and get a better handle on how varying
factors can impact the fluctuation in the rate of exchange in both the
short term and the long term picture. In many cases, you may be
allowed to audit these classes if you do not want to go through the
process of enrolling as a student. Check with the registrar at your
local college or university for more details.

http://www.ImpactForexSystem.com
Blazing Forex System

Of course, the Internet is also a source of both great and accurate

information as well as a lot of junk, when it comes to the matter of
currency trading. While you can learn a great deal from Internet
sources about currency exchange, exchange rates, and what is causing
a change in the rates, you need to make sure you are looking at
information that is from a reliable source. You should stick to well
known sites, that have a reputation for dispensing accurate
information, and you will be able to learn Forex trading properly and
completely form the comfort of your own home.

http://www.ImpactForexSystem.com
Blazing Forex System

Introduction to Forex

You've probably heard traders or economists talk about “the Forex

market” dozens of times. Since the late 1990s, it has become
somewhat of a financial buzz word. But what does this acronym
actually mean? It's a combination of “foreign” and “exchange”; and it
refers to the largest market in the world: which is the market for
currencies. Today, well over 1 trillion dollars per day is traded on the
currency exchange market. This amounts to roughly one thirteenth of
the US GDP. This amount absolutely dwarfs what is traded on equity
and commodity markets on a daily basis.

So why is exchanging currency so popular? Why do more people want

to trade on the currency exchange market than on markets for
commodities and equity? Well, to give a simple answer: many of the
people in the market for Foreign exchange aren't investors. For
instance, some of the biggest players in the money exchange market
are multi-national corporations, who need to constantly swap
currencies, so they can purchase inputs or finished products from
producers in other countries. Other major players in the foreign
currency exchange market include federal governments. They will
often purchase other currencies to stabilize their own currency in
relation to another. For instance, if the US Treasury or the Federal
Reserve System were to purchase Euros (and subsequently take them
off the currency market), the value of the Euro would increase in
relation to the dollar. This would stimulate European demand for
American imports while decreasing American demand for European
imports.

While the above partly explains why the demand for exchanging
money is so great, it does not do so completely. One other reason why
the demand for foreign exchange is so great is because it is the most
liquid investment vehicle available. While selling stocks and bonds
may take a while and may be dependent on market conditions, selling
currencies is usually quite easy. In fact, most online brokers allow you
to trade with “no slippage,” which means that the second you click
“sell,” you actually sell the currency you're holding at the exact swap
ratio listed on the trading platform. This means that you don't need to

http://www.ImpactForexSystem.com
Blazing Forex System

worry about getting stuck with a currency that is rapidly declining in

value. Rather, you can sell quickly and get out at any moment.

One last factor that has perpetuated the growth of the money
exchanging market is international bank holdings. Not only do banks
often exchange currencies for their business account holders when
they make transactions, but they also sometimes offer to hold
deposits in banks overseas or in different currencies. This can prove
to be quite advantageous for depositors. For instance, if the value of
the dollar is climbing rapidly in relation to the yen, Japanese banks
may start to put some deposits into dollars. After the value of the
dollar has appreciated significantly, depositors will be able to
exchange the dollars for yen, getting back more yen per dollar than
was initially deposited.

As you have read, money exchanging is a massive market, which

influences the decisions of governments, businesses, banks, and
individuals. Not only does Forex allow each of these players to make
an extremely liquid investment, but it also makes foreign transactions
easier.

http://www.ImpactForexSystem.com
Blazing Forex System

How Forex Trading Affects You

You may not be involved in Forex trading directly, but the fact
remains that you are affected by what occurs in foreign exchange
trading every day. Here are some examples of how this constant flow
of currency trading makes an impact on your daily life.

Perhaps the most obvious impact is that currency trading makes an

impact on the price you pay for goods and services. Should you
happen to live in a country where the comparative value of your
currency falls in comparison to that of other countries, you could find
yourself paying a higher price for items that you are used to
purchasing at a relatively inexpensive rate. The reason is that the rate
of exchange for imported goods would have changed and chances are
the brunt of that change will be passed on to you, the consumer.
These goods may include anything from petroleum products to
underwear.

Another way that changes in trading currency impact you is the

simple ability to obtain goods and services. A severe enough change
in the rate of exchange could mean that it is no longer viable for
certain types of business commerce to continue. The result will be
that you may find that some items that you are used to purchasing
regularly will at first become much scarcer and carry a higher price
tag, but ultimately no longer be available to you at all. This will
require you to change your spending habits and settle for other goods
that you may consider being of lesser quality. An extreme example
would be if you were no longer able to get the imported car parts you
need for your vehicle and had to turn to either generic replacements
or used parts.

Your investments may also be impacted as well. While the stock

exchange is a totally different process from currency exchange, the
fact of the matter is that they do impact one another. Adverse changes
in the rate of exchange can mean your stocks may slow down their
process of earning money for you, especially if the stocks happen to
be investments in retail companies or any entity that relies heavily on
foreign trade. Changes in your portfolio of course make a difference to

http://www.ImpactForexSystem.com
Blazing Forex System

your overall financial health, and may especially hurt if your stock
portfolio happens to also be your form of retirement plan.

Many people do not give the trading of currency a second thought.

Nevertheless, this process that is in a constant flow every day does
reach out and touch the lives of each of us in some way. We may find
ourselves paying higher prices for goods or services that we are used
to enjoying. In some cases, we may have to substitute for a lesser
product, due to lack of availability. We may see our overall financial
health impacted, even to the point of wondering about our future and
retirement. Keeping up with Forex trading is a good idea for all of us.

http://www.ImpactForexSystem.com
Blazing Forex System

Finding the Forex Trading System for You

When you start to look around, for a viable Forex trading system, you
quickly become aware, of so many options out there that you may not
be sure where to begin. In order to pick the right trading system, you
will need to establish some basic criteria that you can use to evaluate
any possible candidates. Here are some suggestions to help you make
your choice.

One of the first things you need to check into is what type of
commitment you have to make in order to use the system. Will you
need to commit a minimum amount of resources to the system in
order to be able to participate? If so, what is that minimum amount?
Set aside any trading system, which insists that you have to set aside
an amount of funds, that you are not comfortable with or are unable
to reasonably commit and still maintain your current standard of
living.

Next, look into support resources that are available to you as a user of
the system. You want to know that you have access to up to the
minute information, as currency exchange rates can and often do
change several times a day. You may also want to look for a
comprehensive tutorial that helps you understand the way the system
works at each juncture. Another aspect in regard to resources has to
do with the ability to communicate with another human being. Can
this be accomplished with emails, direct chats or even by placing a toll
free phone call? Pass on any system that seems to leave you hanging
out there on your own, even if you consider yourself too savvy to ask
for help. The fact is that you will need assistance at some point and it
would be nice to know it is there when that day comes.

You may also want to look closely at what type of claims for success
are made for the system in question. While you do want to get
involved with a system that has a proven track record, there is no
need to waste your time with any trading system that promises
overnight wealth. While people can and do make impressive livings
involved in currency trading, the fact is that they tend to make them

http://www.ImpactForexSystem.com
Blazing Forex System

over time, not overnight. Avoid any system that makes what seem to
be grandiose claims for success. Focus your attention more on trading
systems that will be able to support you for the long term, as you
incrementally grow your revenue stream.

Finding a Forex trading system that is reputable, reliable, and will

provide you with the support you need can be done. If you take a little
time to evaluate each possibility and make sure the trading system
provides everything you need to grow your own success.

http://www.ImpactForexSystem.com
Blazing Forex System

Preparing to Make Your First Forex Trade

Making your first Forex trade can be quite an exciting event. It also is
an event that requires some planning in advance, as well as doing
some checking and double-checking before you ever make that first
trade. Here are some suggestions for preparation that will help you to
really get the most out of that first trading event.

Trading currency comes with a certain amount of risk. The prudent

trader will always make sure, that he or she has enough resources to
be able to withstand a period where there are more losses than there
are gains. From that perspective, it is important to never risk more
funds than you can reasonably do without. Examine the condition of
your finances carefully, and determine the amount of your resources
that can be comfortably involved in the process of currency trading
without creating any financial burdens.

Keep in mind that the volume of your transactions will often come
into play when it comes to purchasing currency. Simply put, the more
you can afford to buy, the better rate you are likely to command. Your
circumstances will of course dictate how much you can afford to
invest in a single transaction. Individuals who are involved in
currency trading will also have to keep in mind that there is the
matter of that minimum margin deposit that you must be able to
maintain. You may have to begin with smaller transactions that yield
less return. But keep in mind that as you grow your revenue from
your currency trading efforts, you will be in a position to go for the
more lucrative deals.

It is a very good idea to begin developing your strategy well before

you make that first trade. You can get a great deal of help developing
that strategy by utilizing the various reports and other sources at your
disposal to try some projections of your own. Set up some test runs by
structuring a currency trade on paper and watch how things would
have gone had you actually made the transaction. Learn from the
outcome, whether it was a win or a loss. Either outcome can help you
identify some valuable tools that will help you refine your basic

http://www.ImpactForexSystem.com
Blazing Forex System

strategy. You may find that you need to include more sources of
information in your decision making process. Perhaps your simulated
trades will teach you that there is a source or two that needs to be
disregarded or replaced in your roster of informative sources. The
point is to refine your strategy as much as possible before you go
"live" with your currency trading.

Making money and having some fun in the process are what the
trading is all about. When you perform due diligence before you ever
begin you can ensure that your first Forex trade, will be a true
example of what you are capable of accomplishing.

http://www.ImpactForexSystem.com
Blazing Forex System

Choosing Reliable Forex Software

It seems that when it comes to Forex software, just about everybody

has their own set of programs they would love to have you utilize.
Knowing that software is not necessarily created equally, this means
you will have to make some decisions about what you expect from the
trading software that you decide to go with. Here are some tips you
should consider before committing to any one software package.

The first question you should ask yourself about any trading software
has to do with usability. Do you find the software to be logical to your
mind? Can you maneuver through the prompts with a full
understanding of what you are doing? Should you need assistance at
any point in the process, does the software provide the ability to
access a help section? Being comfortable, with the way that the
software works, is a huge part of whether or not you need to consider
a particular software trading package. If it seems too complicated,
then pass on that selection and move on to another potential
candidate.

When you have identified a few software packages that you believe
are workable for you, then you need to begin doing some
investigation into each one. Find out what other consumers are
saying about these particular software options. Is there a consistent
history of persons who have found the software to not be what they
thought it would be? What types of complaints can you find, and how
did the software manufacturer respond to the problems? Do the
issues you uncover have to do with earlier versions and are not
relevant to the current version that you are considering? Getting
feedback, from other consumers, can help you to narrow your list of
software candidates down to a manageable few, to give your focused
attention.

After you have narrowed the list down to those that you believe will
be easy for you to use and that have a proven track record of success,
the time has come to compare apples to apples. What type of trade

http://www.ImpactForexSystem.com
Blazing Forex System

limitations does Candidate A software have versus Candidate B? How

quickly can a transaction take place on each of the software
platforms? While you have previously determined that you could
work with each of these programs, the time is now here to decide,
which one goes beyond that stage and actually is the one that you
would enjoy using as your trade software of choice.

By identifying potential trade software packages and performing due

diligence to obtain the relevant comments that have been shared by
other consumers, you go a long way toward finding the ideal software
package. Once you have narrowed the list by comparing the
functionality of each of your top choices point by point, you will be
able to enjoy your choice of Forex software for a long time to come.

http://www.ImpactForexSystem.com
Blazing Forex System

Factors That Impact the Forex Market

There is no way to understand the Forex market unless you have a

grasp of what factors can influence the way the market will function
on any given day. Here are some examples of various elements that
come into play each day and impact the market for better or for
worse.

Perhaps the single most common influence on the daily market is that
of economics within a given country. One factor that can really make
a difference in how well a nation's currency will trade, has to do with
the amount of the deficit currently held by the current government.
Sudden jumps in the deficit will result in the currency falling in
exchange with other countries. As the government reduces the deficit,
the currency will begin to recover and actually rise in the rate of
exchange.

Along with the budget deficit, a trade deficit can also impact the rate
of exchange. Simply put, if a country is not doing at least as much
exporting of goods and services as it is importing, a deficit arises. This
is a clear economic indicator that will have a negative impact on the
value of the country's currency.

Internal inflation or recession will also make a difference in the way

the currency of a given country is valued. Inflation in particular has
the ability to cause currency to lose value. As a country enters into a
period where inflation is rampant, the desirability of the currency will
fall, as it is perceived as being less stable overall. Because inflation
lessens the purchasing power of a country internally, it is also seen as
being a deficit in the ability to purchase goods and services from other
countries. As inflation is reined in and periods of mild recession come
into play, the value of the currency will once again rise in comparison
to other countries.

As with all facets of life, politics also can have a good effect on
currency exchange rates, or it can bottom them out. Changes in

http://www.ImpactForexSystem.com
Blazing Forex System

government personnel that are viewed in a negative light will very

quickly reflect a devaluing of the country's currency. The same is true
when the current government makes decisions that are perceived as
not being in the best interests of the world community. At the same
time, an election that puts in office persons, who are esteemed to be
favorable by the world community, can very quickly raise the value of
that country's currency, at least as long as those officials maintain
their favorable status.

The fact of the matter is that quite a few factors that have to do with
trading and the overall financial picture of a country will make a huge
difference in how the country's currency will fare on any given day.
Some factors may result in only temporary upward or downward
trends, while others will be more long term in effect. One thing is for
sure: the Forex market is never boring.

http://www.ImpactForexSystem.com
Blazing Forex System

Is Forex Currency Trading Right For You?

When it comes to Forex currency trading, there are some basic

character traits and lifestyle elements that need to be in place in order
to make a go of this type of trading. Here are some examples of traits
and conditions that should exist in your life before you embark on a
round of currency trading.

Many people are looking for a way to get rich overnight. That there
are many scams out there that continually lure people in with wild
promises of instant wealth is easily demonstrated by watching
television or checking the bulk folder of your email account. While
there are some people that attempt to make ridiculous promises
about the money to be made in currency trading, the fact is that for
many it is just like any other type of work. You must be prepared to
put in your time, have some success and also experience some failures
now and then. If you are looking for instant success and have visions
of spending the rest of your life on the beach after making a killing
with currency trading, then you need to do some serious rethinking.

In like manner, you will need to posses the attribute of patience if you
are to get anywhere with currency trades. While you may indeed
experience incremental success with your transactions, your gains
will come over time and usually will be rather small in and of
themselves. You may need to hang on to a currency for a period of
time rather than trading it off, with an eye to the way you believe
things will look a week or a month from now. Make sure you can keep
your cool and allow your better judgment to come into play. Patience
tends to be rewarded handsomely.

The state of your finances also is a big factor when it comes to making
a decision about getting involved with currency trading. As with any
type of investment, you need to make sure you can afford to lose what
you invest without creating any problems with maintaining your
current standard of living. While some people like living on the edge,
the fact is there is no glory in going for a deal and ending up having to
sell the house in order to cover what turned out to be a bad deal. If

http://www.ImpactForexSystem.com
Blazing Forex System

you are not able to keep your head when it comes, to only using your
disposable resources, to fund your currency trading, then you need to
rethink the whole idea.

There is a lot of money to be made with currency trading. However it

is not a venture that is right for everyone. If you are looking for a get
rich quick scheme, have a problem thinking decisions through with a
cool head, or have a tendency to not take care of your basic financial
needs before you invest, then Forex currency trading is not the right
choice for you.

http://www.ImpactForexSystem.com
Blazing Forex System

Finding the Right Forex Broker

Just as you have investment brokers to manage your portfolio, you

may find it advantageous to sign on with a Forex broker. If you have
decided to go that route, then there are a few basic considerations
that you may want to keep in mind as you search for just the right
currency broker to help you do well in the market.

One of the first things you will want to look for in any broker you hire
to help you with currency exchange would be accessibility. There is no
value whatsoever in having a broker that is too busy to return your
calls or respond to email queries. The whole point of having the
broker is so you have an expert who is able to interact with you on
what currency to buy and to sell, and when. A broker that considers
their time too valuable to spend with you is not a broker that you
need to do business with.

An attribute that you want to seek out is that of being a partner in a

financial venture. The bottom line is that if you are not making
money, then your broker is not likely to be doing all that well either.
And if you eventually lose your shirt and have to drop out, then the
broker has lost a client. It is in the best interests of both you and your
broker to make sure you are making money and increasing your
portfolio. Interestingly enough, not all brokers have this mind set.
Look for the ones that are interested in seeing your assets grow over
the long haul and stay away from the ones that are looking to make a
quick buck with you before moving on to the next person.

Accountability is another trait you want to look for in your broker.

When making a recommendation to buy or sell a particular currency,
a broker with this attribute will be able to articulate to you all the
reasons why this would be a positive move for you. While "trust me"
may be all you need if you are playing a board game with a friend, it is
not enough when you are talking about your money. A solid reputable
broker will know that and always has some very good reasons for the
advice he or she gives you.

http://www.ImpactForexSystem.com
Blazing Forex System

Essentially, a great deal of what you are looking for is simply honesty,
integrity, and an obvious knowledge of how currency trading works.

When you are able to find someone who exhibits all these
characteristics, as well as being dedicated to making money with the
customer, not off the customer, then you have found a Forex broker
that is worth doing business with.

http://www.ImpactForexSystem.com
Blazing Forex System

If you have any questions regarding either of these two systems,

send your questions to info@blazingforexsystem.com

"FINALLY REVEALED: Secret Underground

Pip-Pulling Strategies That Professional
Forex Traders Have Been Greedily Hiding
From YOU"
http://www.ImpactForexSystem.com

http://www.ImpactForexSystem.com
Blazing Forex System

http://www.ImpactForexSystem.com