A Killer Forex Strategy: Three Ways to Turn Yourself Into a Profitable Forex Trading Machine!

Can you imagine having a killer forex strategy that allows you to extract cash from the biggest market in the world at any time you choose, day or night? You could trade at any time, and from anywhere. You could be sitting trading currency in Dubai or in Denver, making forex profits in the Maldives or in Malta – all with a few clicks of your mouse!

Sadly, for most people, it’s really not that easy.

Here’s a frightening fact: nearly 50% of foreign exchange traders lose money to the point where they have to stop trading altogether, and go and do something less risky instead.

If you’re trading currencies right now, or you’re thinking about starting, then you have a 1-in-2 chance of losing your trading pot.

They’re not very good odds, are they?

I’ve been trading currencies for over twenty years, on and off, and mostly without great success. When I discovered that nearly half of all traders lose money over time, I nearly gave up myself!

The one thing that kept me going through the dark days was the knowledge that the foreign exchange trading software that is available now to the individual trader for modest sums, or even for free, are better than the software that professional City forex firms were paying thousands a year for only a decade ago.

I reckoned that the quality of the trading software tools available to us would continue to go up over time, and prices would continue to come down. And one day, we’d have access to some of the best foreign exchange software at silly prices!

I believe that day has now dawned.

As individual foreign currency traders, we now have three options open to us that enable us to “play with the big boys” – and play to win.

Option 1 – Pay For Trade Signals
There are plenty of companies and ‘expert’ individuals out there who will deliver trade signals to you by phone, SMS or email. I’ve used a couple of them myself, and they can be pretty good.

Just so we’re all clear, trade signals basically come from the market. They are either fundamental (good farm payroll numbers, an interest rate change and so on) or they are technical, from patterns forming on the charts, or a combination of the two.

There are literally hundreds of different signals to choose from, and a service should pass on to you only those they think have the highest probability of creating a profit. By the time you get a trade signal, though, it will simply tell you the currency pair, whether it’s a Buy or a Sell, and some idea of stop-loss and profit-take levels.

The problem in this system lies in the information being delivered at the right time, and you being on hand to act upon it. The other problem is cost – some of the better ones will charge you several hundred dollars a month for their service. Of course, this adds to the pressure on your trading account, as you have to make the cost of the FX signal service back before you start to make any money for yourself.

Option 2 – A Managed Forex Account
Here, you hand over your trading capital to a professional forex trading company who will trade for you in the markets.

There are several advantages to this route…

• You are hiring a team of full-time professionals to trade on your behalf
• No matter how good your trading software might be, theirs will be even better!
• You need spend no time at all staring at screens and analysing charts
• If you find a good team, it can work out very profitable for you.

However, there are fees to be taken into consideration. Generally, you will be charged a yearly management fee of between 1% and 3% of your trading capital, and a performance fee (usually charged quarterly) of between 10% and 35% of any profit made.

(If the performance fee seems high to you, think of it this way. Your team of foreign currency traders are trading currencies for a living, and you are benefiting from their expertise. Plus, if they charge you 25% of profits, you’re still getting 75% of a sum that would not otherwise have been made. And, last but not least, a performance fee will motivate the team to do well for you – and that’s what you want!)

The downside, for me at least, is the lack of control. I get a real buzz from trading, and I don’t want to lose that by handing over my trading capital to a professional team.

You’ll also need at least $10,000, probably nearer $50,000, in order to get started with a managed account.

Option 3 – Generate Your Own Trade Signals
Years ago, this meant pouring over yesterday’s paper charts (for which you had to pay a small fortune to get!) with pencil, ruler, and a stack of charts going back several months.

Nowadays, all that can be done with a good paid charting service such as eSignal, or even for free with BigCharts.

However, it still takes time, and you still need to know what you’re looking for, and it takes further time to build up a skill and an affinity with charts before you start making consistent, profitable trades. (And that’s if you’re in the lucky 50% of traders!)

Recently, a new solution came onto the market that takes away the potentially expensive learning curve, and all this time-consuming analysis, and basically does it all for you.

This is the option I like! Here’s how it works.

Step 1 – you download a very inexpensive ($198) piece of stand-alone software. This is what will generate the trade signals for you.

Step 2 – you feed it the latest data from the market you want to trade. All you need to do is take data from your online trading platform (and it doesn’t matter which one you use) and feed it into the software.

Step 3 – if it brings back a trade signal, you trade it (or ‘paper trade’ it if you want to test it first)

Step 4 – your profit-taking limit is hit, and you bank the profits!

Does this sound a bit too good to be true? Well, let me give you a bit of background.

First off, the guy behind this incredible trade signal generator is a very successful trader in his own right, who used to work for a major international bank, and who now makes thousands of dollars a day using this self-same software. A behavioural psychologist and a mathematics professor helped him in developing this trading tool.

Second, last year he took $100,000 and turned it into $641,147 in just two months, using his forex trade signal generator! Now, that was surely an incredibly good run, but it does demonstrate just how consistently good these trade signals are.

Happily, you don’t need $100,000 to get started! You can open a forex trading account with as little as $500 but, realistically, you’d want to start with between $2,000 and $5,000 of trading capital.

You also don’t need experience. The software is easy to use for anyone from a complete novice to a seasoned trader. It comes with full support, an accompanying manual, plus a lifetime of free upgrades, as and when they happen.

To access this amazing forex trade signal generator, and to start using your own killer forex strategy this week, simply go to http://www.maverick-investor.com/forex_killer

Below Market Value Properties: Three Ways to Find BMV Deals at Auction

Buying below market value properties solves, at a stroke, the biggest issue all property investors have, which is finding a deposit.

The mortgage companies want you to find 15% of the purchase price every time you buy! Where on Earth do they think you have all these 15%’s stashed – under the floorboards?

This article will take you into the world of the below market value (BMV) investor, and show you how you can free yourself forever from the shackles of the 15% deposit.

You must first understand that it is perfectly possible to buy BMV properties, regardless of which area of the UK you live in, and almost regardless of your own financial circumstances. There are below market value properties for sale all over the country, every day of the week. The challenge is tracking them down and adding them to your portfolio.

There are two main ways to find BMV properties for sale in the UK. One is through auctions, and the other is to track down motivated sellers yourself. In this article, I’ll be concentrating on auctions – I’ll leave the tracking down to another time! (Although if you happen to be in America and interested in getting a jump start on this topic, you might like to take a look at the Motivated Seller Magnet).

People and organisations, such as banks, building societies, even the government, choose to sell through a property auction for two main reasons – speed and certainty.

It generally takes no more than eight weeks at the most, and sometimes considerably less, to go from the decision to sell a property to the auctioneer taking bids for it in the auction room.

If the vendor sets a reserve – the minimum price they’re happy to accept – and the reserve is met or exceeded on the day, then the property is sold the moment the auctioneers gavel falls, and the deal will be completed within 28 days. No pulling out. No quibbling. No question.

As a BMV investor, you can get the auction catalogues from auction houses in your area, research potential properties, do your due diligence, turn up at the auctions, bid on your target properties, and then go ahead and complete on the deal within 28 days (or risk severe financial penalties).

All of this takes time, money, resources, a certain amount of skill and, if you’re out-bid on the day, it’s all for nothing and you have to start again. And let’s be clear – not every property that goes through auction sells below market value – far from it!

The other way to do it is to use what might be called “vulture tactics”.

Rather than spend all that time and energy scoping out possible BMV properties only to be out-bid by ‘amateurs’ who don’t understand the true worth of a property, or who want it at more or less any cost, you just sit back and relax. Then, when the auction is over and the bidders have all gone home, you take a leisurely look at whatever lots are left unsold.

The advantages of doing it this way are…

• You only spend time and money researching the properties that are definitely still available
• You know the asking price without having to bid
• The competition for properties is significantly less
• The 28-days-to-complete rule usually disappears

There are three ways you can get hold of unsold auction lot details.

1. Direct From the Auction Houses
You may have a couple of auction houses in your area, and you could always ask them to send you details of unsold lots as soon as a sale is over. The larger firms now publish them on their website, too.

2. From the EI Group
David Sandeman does a great job at the EI Group. They collate all the property auction data from around the country, and their records go back to 1991. However, a subscription costs around £500 a year, so you need to be pretty committed to make that sort of investment worthwhile.

3. Subscribe to the Property Bargains Bulletin
Leo Summers has run the Property Bargains Bulletin since 2005, and what he does is unique. The Bulletin is emailed out to subscribers twice a month, and each issue covers 8-12 bargain property opportunities. You get a photo of the property, the full address, contact details for the selling agent, the price of the property against it’s true market value, details of any income it’s bringing in, and a full page of analysis as to why the property is a bargain, some ideas as to what to do with it, and any potential pitfalls identified.

All this for less than a pub meal a month!

Now you know exactly how to find BMV properties at auction, and particularly amongst unsold auction lots. In a subsequent article, we’ll look at how to track down motivated individuals who will happily sell you their property at below market value prices.

Reduce Your Mortgage Payments!

As a property investor, your biggest costs are your mortgage payments. What if you could reduce them by 30%, 50% or even more?

Find out more at http://www.maverick-investor.com/mcm