Forex CFD Trader Review
Forex CFD Trader Review – Give Me 5 Minutes Right Now And I’ll Show You How I Am Pulling $50-$200 A Day Out of a Single Chart Trading a Single MICRO Lot AND How Anyone With An Account Balance of $100 Can Do The Same
Trade Futures charts without a Futures account. Forex brokers across the globe are adding CFD charts (S&P500, NASDAQ, DOW, DAX, OIL, etc.) and now you can take full advantage of the huge price moves futures traders enjoy, trading through a Forex broker.
- Uses Simple Renko Charts
- Two Indicator Method leaves no doubt about entries and exits
- CFD charts are 10x more active than currency pairs, and at the same time each day
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What is a CFD ?
A CFD is a Contract For Difference, which is a fancy way to say it’s a way to “bet” that the price of an item will go Up or Down.
There is a lot more to it, but all that really matters for our purposes is that Forex Brokers have been adding a lot of different CFDs lately, and by doing so they’ve given their clients the absolute best shot at banking winning trades they’ve EVER had!
Specifically I’m talking about CFDs like the S&P500 (which is called the US500 by your broker), Crude Oil (called USOil or WTICrude, which are the same chart) and NASDAQ (which is called both the NAS100 and NASTECH in the Forex world, depending on the broker).
Given the amount of leverage you have available to you as a Forex trader, you can get into a Micro level S&P trade for only about $16 per contract. A Micro Oil trade only requires around $3 while the NAS100 takes a whopping $43.
The True Benefit You Get From Trading CFDs
Trading CFDs gives you the ability to limit your time in front of your charts, which translates into more free time to spend doing the things you love.
But more importantly, CFD Trading gives you the chance to finally start growing your trading account and using your profits for the things you want, instead of watching that money disappear again and again and again because the Forex currency markets are suddenly acting stupid again today.
You know what I mean.
You get two or three days where price action does pretty much exactly what you think it should, based on news events and indicator signals.
Then, for no apparent reason, price action does a 180 degree turn and starts doing exactly the opposite of what you’d expect. And you don’t dare switch to trading the opposite of what your method calls for, because you’ll just end up losing more when price action turns back to normal, again without warning.
Forex CFD Trader Review – What You Will Get ?
First, you get the Renko Enhanced trading method. Renko Enhanced is a set of two indicators (Renko Trend and Renko Signal) which are optimized for trading CFDs. It operates on the Renko charts, so you also get the best Renko generator I’ve ever used to create these charts in the MT4 trading environment. Load the indicators into the platform, create the Renko chart (step by step written and video instructions are included) and load the Renko Enhanced template onto the 2M Renko chart and voila! You are in business. Now it’s a matter of waiting for the Renko Signal indicator to align with the Renko Trend indicator (and when trading the CFD charts when the market is open, your wait won’t be long at all!) and you will be ready to start knocking out one winning trade after another. (Value: $297)
Next, you’ll get the Renko Chop Alert indicator. Created specifically for Renko charts, Chop Alert does exactly what the name implies. It alerts you any time price enters into a range of prices where you might expect sudden sharp and short price reversals (or “chop”). Chop Alert is designed like a Stop Light: Green means go ahead, no danger expected. Yellow means “proceed with caution” which means you can still take or remain in a trade but be ready to get out if price action continues to move against you. And Finally Red means “Stop” which in this case either means get out or stay out of the trade until you get a Green (preferably) or Yellow line segment. Chop Alert is NOT a signal indicator, and you’ll notice that the best trading conditions in BOTH directions occur when the Chop Alert line is below the 50 marker. So use Chop Alert ONLY with Renko charts and ONLY as a confirmation tool, not as a signal source. (Value: $97
Next, you’ll also get full access to our Trading Between the Lines course, which is a masterclass in trading with Support and Resistance lines. Most traders are aware of Pivot lines and S1, S2, S3, R1, R2 and R3 lines. But did you know there are also Weekly Pivot (and S1-3 and R1-3) lines, along with a variety of moving average and Fibonacci based lines spread out over multiple time frame charts which can also come into play? In all, there are more than 80 separate lines you should be aware of before you ever take that first trade. Knowing about the presence of these lines can mean the difference between exiting a trade in profit and riding it back down into a loss. It can also keep you from entering too early and sitting upside down in a trade for an extended amount of time (which causes the typical trader to exit with a loss, only to watch price move back into profit after the trade is already closed). You get not only 2+ hours of video training on how to use these lines, but we’ve also included a set of indicators and templates that allow you to have all your charts up and running in just a minute or two (imagine how long it would take you otherwise to set up 80+ lines manually each day!!!) (Value: $147)
Next, you get full access to Forex AutoScaler, the trade management EA that allows you to turn a 20 pip winning trade into 50 pips or more, by scaling in additional trades as price continues to move in your favor. AutoScaler has consistently been one of the best selling Forex Trade Management EAs on JVZoo since it debuted back in 2011, and traders across the globe swear by it’s ease and simplicity in setting up additional trades with the push of a single button. With some of these CFD products (particularly the NAS100) consistently putting up 20 and 30 full point moves, it won’t be long before you start adding AutoScaler to your chart and turn those 20 and 30 pip winners into 50-200 pip gains. (Value: $179)
Next, you are going to get one month’s full access to my live Trading Room, which we open and run from 9 to 11 a.m. eastern time, Monday through Friday. We focus on Oil, the S&P chart, the NASDAQ chart. If you have any questions or you want to run some trading ideas past me or the other full time members of the room? Go right ahead. We’re there to help and to make pips. And should you have any technical problems that need my personal attention, I make myself available before the room opens and after the room closes (via TeamViewer) to help make sure you are up and running as quickly and efficiently as possible. (Value: $200).
Next, you’re going to get the PDF version of my 2020 Forex Power Trading Journal. Traders around the globe use this journal every time they trade to keep track of winning and losing trades, with special emphasis placed on losing trades so they can spot issues they have in trading and correct those issues before they end up costing the trader any more money. Simply print a few pages off using your home printer and start learning from those trades that failed to work out on your behalf. (Value: $29.95)
Finally, you’ll get my personal Checklist to use as a reminder for how to successfully trade this method. They say that Pilots make the best Forex traders because they are used to doing everything by Checklists, which they use as memory prompts. Simply follow the simple rules as outlined by the checklist and you’ll start seeing most of your trades effortlessly turn into winners. (Value: Priceless)
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Thank you so much for reading my Forex CFD Trader Review