All You Need To Know About Instant FX Profits

Instant FX Profits is a recorded version of a Forex training workshop conducted by Kishore M, Singapore. The workshop consists of seven modules, covering the basics of foreign exchange trading, such as currency introduction and currency management principles, to more technical aspects such as technical indicators and trading strategies.

These are the videos recorded at the live training workshop, but they are clear and easy to understand, and feel full-screen when you are in a live session.

Kishore M is an Ex-Hedge Fund manager with over 10 years of experience in the foreign exchange, equities, commodities and derivatives markets. Kishore is also the best-selling author of “Retire Rich Trading” and has held various financial seminars in many countries around the world. He has contributed articles to various magazines and newspapers and is featured on major business channels.

The following is an overview of what is taught in each module of the workshop.

In Module 1, Kishore teaches the very basics of trading in the foreign exchange market. This includes different currency codes used, major currency pairs and crosses, factors that can affect movement, the range of daily movements expected, and differences between base and market currencies. The introduction of special features, and the spread of those currencies. Kishore also explains pips that represent percentage points. This includes how the value is calculated in the transaction.

Kishore then has the concept of making profits in both uptrend and downtrend markets, and various trading orders such as market orders, limit orders, stop orders, one-cancellation the ozar [OCO], trailing stop orders This section explains. Kishore also touches on several aspects of fundamental analysis that focus on key economic indicators such as gross domestic product [GDP], product price index, consumer price index, and employment cost index. After that, I will explain the World Economic Calendar and Daily Economic Report, as well as the announcement by the Central Bank.

In Module 2, Kishore will teach a technical analysis of forex trading. First, explain the basics of the candlestick chart, explain how to interpret the candlestick by looking at the opening price, closing price, high price, and low price. Here are some useful candlestick patterns. The following describes the various time frames in which currency can be traded, and the target profit and stop loss levels to be set for each time frame. Subsequent lessons are one of the most important lessons. In other words, it is a way to identify market trends using trend lines and various inversion and continuation patterns. In this section, Kishore is a bullish triangle, bearish triangle, rising triangle, falling triangle, bull pennant, bear pennant, falling wedge, rising wedge, double top / bottom, triple top / bottom, shoulder Provides a comprehensive list of these patterns, such as the head shoulder.

In the last section of the module, Kishore teaches various technical indicators that are later incorporated into the trading strategy. This includes moving average [MA], MACD, probability theory, CCI, RSI, Bollinger band, parabolic SAR, ADX, and marker indicators.

Modules 3 and 4 are modules that most students look forward to. That is the spot FX trading strategy. In Module 3, Kishore teaches six trading strategies, each suitable for a different time frame and currency pair. Strategies are Instant Pip, Pip Maximizer, Pip Retracement, Pip Breakout Explosive Profit, Pip Quantum Profit, and Pip Divergence. In Module 4, Kishore teaches two strategies for news releases: Non Farm Payroll and Federal Open Market Committee [FOMC]. Non Farm Payroll is released on the first Friday of every month, and the FOMC meeting is held eight times a year, but the price can move hundreds of pips when these news are released, so these transactions The potential benefits of can be significant. Each of these eight strategies is explained in detail using examples. A separate PDF manual is also included that directs execution of the strategy step by step.

In Module 5, Keyshore summarized all the lessons taught in Modules 1 through 4 above, and conducted a short Q & A session with students with a special emphasis on trading strategy. The amount of detail learned in the first four modules before proceeding with further learning in the next module.

In Module 6, Kishore calculates how to draw trend lines using fractals, how to find support and resistance levels using Fibonacci ratios, a comprehensive lesson on pivots, pivot points and valid pivot strategies Used with Fibonacci levels and parabolic SAR to learn more technical content such as how to. The module will then continue with Kishore introducing another topic, Forex Futures. Note that everything he has taught from Module 1 so far is Spot Forex. The main difference between forex futures and spot forex is the time at which the transaction price is determined and the time at which the physical exchange of currency pairs takes place. For Forex futures trading, the price is determined when the contract is signed and the currency pair is exchanged on the delivery date. Usually the delivery date is at some point in the future. In spot Forex, the price is also determined at the time of trading, but the physical exchange of currency pairs takes place at the time of trading or within a short period thereafter. This topic may be too technical for some students, but is an additional topic for those who want to trade futures.

Module 7 is divided into two parts. In Part 1, Kishore deals with RYSBX and RYWBX trading strategies associated with the USD index. He then introduces the concept of “hedging” when trading spot forex using forced open. Hedging is particularly useful when the market is very volatile and stop losses are frequently triggered and many loss transactions occur. Forced open minimizes losses by allowing you to enter the other side of the transaction without closing the initial transaction. The module then follows another topic by Kishore, namely Forex Options. This is also technical and not interesting as most students concentrate on spot forex trading. However, it is another additional topic that may be useful and can be added to the trading knowledge base. As usual, Kishore provides comprehensive lessons and benefits of trading options against the cash currency market, various types of options, including one-touch options, no-touch options, digital options, double one-touch options, double no-touch options, these Strategies for trading options.

The last section of this part of the module is about Money and Equity Management. Here Kishore explains the amount of capital that needs to be invested in each transaction and how the transaction size varies with different account sizes. Second, it provides comprehensive guidance on transaction management, including loss handling, entry and exit point planning, emotion management during trading, and creation of realistic trading plans to achieve desired goals. The

In Part 2 of Module 7, the final module, Kishore provides practical guidance for analyzing and entering transactions using the MetaTrader 4 platform. This includes setting up charts, placing various types of orders, inserting various indicators, adjusting their settings and parameters, and all other operational issues. He then teaches how to use personally designed indicators [see the bonus section below], performs live trades with students, and demonstrates the execution of the various strategies he taught. Kishore also introduces brokers that students can use for both demo and live accounts, providing a live step-by-step process for registering accounts and tips for quickly approving accounts.

The entire course from modules 1 to 7 above is captured with over 12 hours of video that can be easily accessed in the members area once logged in. Some of the topics covered are very technical, but Kishore delivered him using amateur and simple terms. Even those with no knowledge or experience in forex trading should have no problem following the principles taught, and more importantly, a step-by-step approach to implementing a trading strategy. There is no option to download videos, but you can just download them using a browser plug-in.

In addition, lessons are also supported in PDF files and serve as manuals and guidance for easy reference. There are over 20 pdf files from Complete Course Manual to Strategies slides, and technical indicator print shots to the Candlesticks Charting manual and MetaTrader Operation Handbook. There is also a full MP3 version of the course for those who want to hear Kishore's teachings, rather than watching videos to complete the list. Finally, there are seven more videos under the “Jump Start” section, Kishore explains the basics of foreign exchange and an overview of the six trading strategies. These “Jump Start” videos are intended to give students a brief introduction so that they can quickly apply those principles and strategies.

This is the main course content. Let's take a look at the bonus content. Kishore included these as bonus items, but they actually form an important part of the trading process and decisively complement the process of practicing the lessons learned. Read below about these bonuses to understand what I mean.

Bonus # 1: chart profile

These are MetaTrader 4 chart profiles for each strategy Kishore teaches. For example, the instant pip strategy uses Bollinger bands, parabolic SAR, probability theory, CCI, RSI, ADX, and MACD. Instead of setting charts and adjusting parameters using these indicators, you can load a preset chart simply by placing the downloaded chart profile into the program folder. Even the color of the chart is the same as that used in Kishore! These are very useful because students do not have to worry about making the wrong settings on the chart, but instead can focus on applying the strategy immediately.

Bonus # 2: Trading indicator

All members of Instant FX Profits will be offered various indicators of the MetaTrader 4 platform designed to support the execution of the strategy taught by Kishore. In total, there are 13 indicators that can be used as trading tools or just as guidance to enhance the execution of trading strategies. These indicators are:

1. Trading indicator
2. Extended indicator
3. Scanner indicator and template
4. Instant Pip Profit Strategy Scanner
5. Pip Maximizer Strategy Scanner
6. Pip Breakout Explosive Profit Strategy Scanner
7. Retracement strategy scanner
8. Internal auto trend line
9. Outside auto trend line
10. Channel indicator
11. Pivot indicator
12. Sliding line
13. Candlestick countdown timer

Each indicator has a purpose, and Kishore explains how to use them in the main course [Part 2 of Module 7 above]. My personal favorite is a strategy scanner that “scans” all charts for trading opportunities according to a selected strategy. For example, the Pip Maximizer strategy is applied when the price falls below two moving averages. When this happens, the Pip Maximizer Strategy Scanner is green for purchase opportunities and red for sales opportunities. In this way, you don't have to constantly monitor movements on the chart without missing trading opportunities. However, the scanner will not emit a warning sound. In other words, you need to monitor the trading signal on the computer screen. Perhaps Kishore will need to update these metrics in the future to include sound alerts.

Bonus # 3: Alumni gathering for 2009 and 2010

Graduate Gathering is an annual event held in Singapore where former Kishore students participate to share knowledge and experience in trading in the foreign exchange market. These video recordings have a total of 5 highly successful students [Monamohad, Afida Aman, Belamtan-Rich Dad Asia, Raj, and Dominic Silva CEO] all have great transaction records in their own way. Increasingly share the market interpretation and trading, and how to start and end trading. Opinions are different, but all have one thing in common. In other words, it uses the same principles and strategies taught by Kishore. These videos are very helpful because you can see how the same knowledge you learned in the above courses [modules 1-7] can be practiced. In fact, we learned some very effective trading tips from Mona and Bellum and incorporated them into trading plans to get better trading results.

Bonus # 4: Lucas and Conrad tutorial

According to Kishore, Lucas and Conrad were two of his top trainers in forex trading, and Kishore was right. In these videos, Lucas and Conrad provide a comprehensive and detailed tutorial on the four strategies Kishore teaches: Instant Pip, Pip Maximizer, Pip Retracement, and Pip Breakout Explosive Benefits. A pdf manual is also included for all targeted strategies.

Note that Lucas and Conrad offer separate tutorial sessions. That is, Lucas's tutorial session on the four strategies, and another tutorial session by Conrad on the same four strategies. For some people, these strategies will get tired because they learned from Kishore in the main module. But personally, I think this strategy is interesting and useful because it has the same strategy taught by different tutors, so you get a better understanding of their practices.

Bonus # 5: Mona Live Trading Video

In these videos, you have the opportunity to learn from Mona, who is actually a very good teacher! At a gathering of graduates, Mona briefly explained how to use the Instant Pip and Pip Maximizer strategies. In this live trading session, she focuses on Pip Maximizer only and shares a trading plan that is very easy to follow but useful to participants. Ironically, her 9-year-old daughter follows this plan and earns over $ 40,000 in 3 months! I personally tried this in a demo and it works. However, to make serious money, you need a larger account balance.

Bonus # 6: Daily alert

In this section, Kishore will explain the market situation and provide trading alerts [if applicable] based on his strategy. There is also information on dollar index futures, RYSBX and RYWBX stocks, CRB index, oil and gold. Personally, these alerts are simply called checks, as you can already identify trading opportunities on a chart with a strategy scanner. These alerts are provided daily and can be downloaded in Microsoft Word format.

Other bonuses

In addition to the six bonuses listed above, there is also a chat room and online chart website that students can access. Chat rooms are a convenient medium for Instant FX Profit students to discuss their trading activities and can also be used to ask questions about forex trading. The online chart website is a site that provides forex news, currency forecasts, economic calendars, forex charts, and many other important information useful for trading.

There are also videos of other events such as the Forex Championship where winners share market trading methods and other useful tips. There is also a tutorial video explaining Kishore's six strategies in Chinese.

Finally, there is a list of recommended brokers, links to open both demo and live accounts, and some trading credit bonuses.

There is also an “Update” section where Kishore will provide updated materials for this course. At the time of this writing, there are five updates to the list: candlestick pattern, fractal, FOMC strategy, candlestick chart course, and instant pip strategy. Besides these, Kishore conducts these workshops every year, so the main course is also updated. In fact, my membership area has two versions of the main course, 2010 and 2011. Information on the above seven modules is from the 2011 version.

As of this writing, I have been using this trading system for 9 months. This is my trading routine. Use the Instant Pip and Pip Maximizer strategies as they are suitable for me. With an instant pip strategy, you can trade an average of 4 trades per day on the EUR / USD M30 chart, with a profit of about 15 pips per trade. With Pip Maximizer, you don't have to trade every day. The EUR / JPY H1 chart averages 3 trades per week with an average of 70 pips per trade. This is a total of about 2,000 pips per month. Start with just $ 1,000 and enter only one mini contract per transaction. This will give you about $ 2,000 per month. Following Mona's advice at the Graduate Gathering event, we don't have to strive for more pips. Instead, you need to increase the contract size. For example, if you increase the transaction size from one mini contract to 2, you will earn $ 4,000 a month.

With realistic goals, I can trade more confidently, but before moving to a real account, I test these strategies on a demo account for almost 4 months and do hundreds of trades I did it. I found that the key to success in forex trading is having patience, consistency and persistence. By sticking to a proven trading system for a long time, you will finally become accustomed to the operation method and finally the results will be clear.

I hope Kishore will update the course with his live trading videos and be able to execute his strategy more effectively.