Hottest Markets

Forex is one of the hottest trading markets in the world today. Derived from the words ‘Foreign’ and  ‘Exchange’, Forex is the practice of currency trading. If you have been abroad on holiday or business you have already done it. You exchanged your domestic currency for that of the currency of the country you were travelling to, of course no doubt you did not make any money in doing this, you probably lost some because of the commissions usually charged by banks for currency exchange.

The Forex market is different though, by actively engaging in online trading using broker platforms you can buy and sell currencies for huge profits. This is because you trade with a leverage so that even a small amount of money can quickly become a huge amount if you make the right trade.

Before throwing yourself feet first in to real money trading you should take the time to familiarize yourself with the principles of trading and ensure you have a good level of understanding of how it all works. We recommend you also start off small, sure it is tempting to make your first trade with a large sum of money because the ultimate profit potential is higher, however, good things come to those who wait and those who start off with small trades are usually the most successful.

This guide, or ‘bible’ if you like is designed to educate you on what Forex is all about and the key principles of trading. By reading this guide in full and following our advice you will have given yourself the best chance of success. You will understand every core area of trading and will be well equipped to start trading profitably from the outset.

Finally for this introduction I will cover a bit about myself as you may be wondering who I am and why I have written this guide. Well, my name is Paul and I started trading online 3 years ago after dabbling a little offline in both Forex and stocks and shares. When I started trading Forex was still fairly new to the Internet and as such very little information was available to the new trader. I tried lots of different platforms, training courses and strategies and whilst I got stung sometimes I also uncovered some products that were absolute gems.

After about 8 months of trying different products I finally started making some big profits. I managed to break even consistently after a couple of months but after 8 months I began to make around 50-100 pips profit per month (pips will be covered in more detail later). 2 years on and I have been able to consistently make around 500-1000 pips profit per month.

Pip Booker
Chairman & Founder
Booker and Cropper Capital Group