1000 PIP Climber System, Guide & Free Download Instalation System.pdf - Robert

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Copyright © 2021 '1000pip Climber' 1000pip Climber System Welcome to 1000pip Climber. This book aims to explain the basics of Forex and describe a bit more about the 1000pip Climber System. The first section of the book will provide the foundations needed when entering the world of Forex. The second section of this book explains how the 1000pip Climber System works and how it can be followed. It is essential that you read all of section 2 (including the troubleshooting section) in order to use the system correctly. The 1000pip Climber System has been very reliable over the last few years and we hope that you will be able to gain as much from it as we have. Jim Disclaimer and Terms of Use This document is not investment advice nor a general recommendation. Any information communicated by 1000pip Climber is solely for educational purposes. The information contained within this document or provided by the 1000pip Climber System neither constitutes investments advice nor a general recommendation on investments. It is not intended to be and should not be interpreted as investment advice or a general recommendation on investment. Any person who places trades, orders or makes other types of trades and investments etc., is responsible for their own investment decisions and does so at their own risk. It is recommended that any person taking investment decisions consults with an independent financial advisor. 1000pip Climber is for educational purposes only, it is not a financial advisory service, and does not give financial advise or make general recommendations on investment. U.S. Government Required Disclaimer - Stocks, Options, Binary options, Forex and Future trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stock, binary options or futures markets. Don't trade with money you can't afford to lose especially with leveraged instruments such as binary options trading, futures trading or forex trading. This website is neither a solicitation nor an offer to Buy/Sell stocks, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. You could lose all of your money fast due to: poor market trading conditions, mechanical error, emotional induced errors, news surprises and earnings releases. End of U.S. Government Required Disclaimer. The term '1000pip Climber', 'us' or 'we' or 'our' or 'author' refers to the owner of www.1000pipClimberSystem.com and other associated websites, materials, software, services and communications etc. '1000pip Climber' is a trading name and member of Traders for Fair Trading Ltd (09181896). Registered in England & Wales. VAT Number 297 6409 51. All kinds of trading (including but not limited to Forex, binary options, cryptocurrencies and spread betting) carries a high risk to your capital and it is possible to incur losses that exceed your initial investment. Trading is not suitable for all investors. Before making any trading decision ensure that you fully understand all the risks involved and have read warnings on, but not excluded to, trading websites. If you are in any doubt about the risks involved with trading seek advice from an independent financial advisor. We take no responsibility for any investment decisions made by the reader of our website or any recipient of our materials, software, services, emails and communications etc. and the information contained within any materials, software, services, emails and communications etc. provided by us is opinion only and does not constitute investment advice. They represent the author's personal views and trading experience and are subject to change without notice. By visiting our websites, or viewing our materials, software, services, emails and communications etc. you acknowledge that we are not providing financial advice and what you do with the information provided by us is your decision. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. There is no guarantee that you will earn any money using the information, techniques, ideas or materials provided by our websites or other associated materials, software, services, emails and communications etc. No information contained within our websites, materials, software, services, emails and communications etc. constitutes any recommendation to buy, sell, order, or trade any product in the financial or spread betting markets (including but not exclude to currencies, binary options and cryptocurrencies). The information contained in our websites, materials, software, emails, services and communications etc. is not necessarily real-time nor accurate, and analyses are our opinions only. It is important to know that past results are no guarantee of future performance. We have no liability to you or any third party for any loss or damage arising out of or in connection with, the disclosure of our websites, or our materials, software, services, emails and communications etc by us to you. We shall not be liable for any loss or damage arising out of the creation of our websites or our materials, software, services, emails and communications etc. All results and performance figures stated by us are estimates, hypothetical in nature and do not represent evidence of actual results achieved. Your use of our websites, materials, software, services and communications etc. and any dispute arising out of such use of them is subject to the laws of England, Northern Ireland, Scotland and Wales. We reserve the right to amend or replace our websites, materials, software, services, emails and communications etc. at any time and undertake no obligation to inform the user or to provide additional information. All materials, software, services, emails and communications etc are for the sole use of the recipient. No recipient, may rely on them for any trading or non trading decisions. Neither the whole nor any part of our materials, software, services, emails and communications etc. may be copied, published, quoted, disclosed, distributed, circulated, reproduced, transmitted in any form or stored in or introduced into a retrieval system by any means or in any form, without the prior written consent of us. Section 1 An introduction to Forex trading 1. An introduction to Forex 2. Price changes and profit / loss 3. Calculating profit / losses 4. The importance of using a stop loss and take profit 5. Trailing stop loss and take profit 6. How to make a trade with a Forex broker 7. Choosing a broker 8. Which currency pairs to trade 9. Price charts 10. Candle price charts 11. Candles 12. Joining up candles 13. Candle shape over a period 14. Macro economic data releases 15. Technical indicators 16. Supply and demand – the key driver of price movement 17. Scalping trading 18. Risk management 19. Trading psychology 20. Section 1 Summary An introduction to Forex 'Forex' (foreign exchange) is the term used when one currency is traded for another. So in order to understand Forex we must first explain what a currency is. Currency refers to the unit of money issued by a country or region. We use currency to buy products and services etc. So if we are in from Spain and use Euros (€) and then visit the USA it is necessary to exchange our Euros for US dollars. Globally around $3-5 trillion is exchanged per day. Banks, governments and business are the primary market participants. As we can see from the example above, currency transactions are carried out between pairs of currencies and with one currency being bought and the other sold. In the example above, Euros are being sold and US dollars are bought. Forex traders usually refer to the two currencies being exchanged as a 'currency pair'. The exchange rate (often called the 'price') of the currencies determines the amount of currency we can buy when selling another. Summary: Forex describes when one currency is exchanged for another. The exchange rate of two currencies is called the 'price' of the currency pair. Price changes and profit / loss Over time, the price of a currency pair can fluctuate. For example, on 17th February 2016 the price of a Euro – US dollar currency pair was 1.11, but by 2nd August 2017 the price had gone up to 1.12. Using a Forex broker, it is possible to use the fact that the price fluctuates to make money without having to buy / sell any real currency. We can speculate on whether the price of currency pair will go up or down. For example; if we speculate that the price of the US dollar - Swiss Franc currency pair will increase, and the price changed from 0.91 to 0.97, we could make profit. However, if the price fell then we would lose money. But if we originally speculate that the price of the US dollar - Swiss Franc currency pair would fall, and price fell from 0.95 to 0.88, we could make profit. But likewise, if the price actually increased then we would lose money in this scenario. When Forex traders speculate on whether the price of a currency pair will change they usually referr this as 'trading' a currency pair. Summary: It is possible to make profit / loss by speculating on whether the price of a currency pair will go up or down Calculating profits / losses The amount of profit / loss we make is proportional to how much how much the price has changed and the amount of currency that we are trading. But it is important to note that we can also lose money from Forex trading. If the price moves in the direction we speculate in, we could make money but if the price moves in the opposite direction to the direction we speculate in, we will lose money. Forex traders use the 'pip' as a unit to measure price changes. This unit is usually defined as the fourth decimal place of price*. This means that 1pip is 0.0001. For example, if the price of the Euro : US dollar pair changes from 1.1517 to 1.1511, the price has decreased by 0.0006, which is 6 pips. It is important to note that if a currency pair is expressed to 2 or 3 decimal places by the broker, a pip is usually the second decimal place of the price. To be 100% sure, we will need to check with the broker we are using to be sure of how they define a pip. The 'pip value' is the amount of money that our account will change by per pip that the price changes. Pip value is proportional to the amount of currency that we want to trade and it can be specified before a trade is opened. If we then make a trade with a broker, it is open until we decide that we want to close it or the “stop loss” or “take profit” is reached, we will explain these terms later. It is only when the trade is closed that we take our profits or losses. The equation to calculate profit can be summarised as follows: Profit/Loss = Pip value x Change in price (measured in pips) An important but often overlooked aspect of trading is that whenever we trade using a broker, the price at which we will be able to buy a currency pair (called the 'Ask' price) will be slightly different to the price at which we are able to sell a currency pair (called the 'Bid' price). The Ask price will be higher than the Bid price and the difference between the Ask and the Bid price is called the 'spread'. Most currency pairs have a typical spread of 1-3 pips. This is effectively the fee that we pay the broker for making a trade. When we open a trade we have to use the Ask / Bid price but when we close this trade we will have to use the other price (Bid / Ask). This means that we will always close a trade with less pips than the price has moved. The example below shows this in more details Currency pair: GBPUSD Trade direction: Price will increase Prices at Time of opening trade Ask price: 1.3022 Bid price: 1.3020 Prices at Time of closing trade Ask price: 1.3043 Bid price: 1.3041 Pip unit: 1 pip is defined as a 0.0001 Spread: 2 pips Profit/Loss (in pips) = Bid price at close - Ask price at open = 1.3041 - 1.3022 = 0.0019 = 19 pips Actual change in price = Ask price at close - Ask price at open = 1.3043 - 1.3022 = 0.0021 = 21 pips As we can see the Ask price actually increased 21 pips but because of the 2 pip spread, we only made 19 pips profit because we had to close the trade at the Bid price, which is 2 pips lower than the Ask price. Summary: Profit/Loss is equal to the pip value multiplied by the change in price (in pips). When we open a trade we have to use the Ask / Bid price but when we close this trade we will have to use the other price (Bid / Ask) Click Here to Download Full e-Book Guide Forex and Free Instalation System >> The importance of using a stop loss and take profit It is very important to control our potential losses when trading. It is essential that we decide upon a price at which we will close the trade if the price moves in the opposite direction to which we predicted. If this price is reached then we will close the trade and minimise our losses. This price is called the stop loss price. Forex brokers will allow us to specify this price when a trade is opened. The broker should then automatically close the trade if this price is reached (we then say that the trade was stopped out) It is also possible to set a price at which we want the trade to close if the price moves in the direction we predicted (i.e. the trade will close in profit). As with the stop loss, the broker will allow us to specify the take profit price when we open a trade, they should then automatically close our trade if this price is reached. Summary: We can try to reduce our potential losses by setting a 'stop loss' price. Setting a 'take profit' price enables us to automatically exit profitable trades. Click Here to Download Full e-Book Guide Forex and Free Instalation System >>