"I trade Forex the same way I've traded futures for sixteen years. It's been working, so why mess with it?" - quoted from a best-selling author.
Until recently, the Foreign Exchange Market was a private playground for banks, investment houses, and billion-dollar corporations.
Consequently, most currency trading "gurus" cut their teeth in the commodity arena. Their futures strategies may have adapted to the Forex market fairly well. So, for the most part, that's what they use - and that what they teach.
Forex is an amazing new frontier. It’s not the same as the futures market, and it should not be traded in the same manner.
I’ve found only one tried-and-true system that can harness the full potential wealth building power of Forex, and that’s Turtle-FX.
Grounded in the secrets of a world-renowned futures trader, Turtle-FX has been carefully honed to attempt to take full advantage of characteristics unique to Forex.
Wealth-generating aspects of Forex are an integral part of Turtle-FX.
Please note that trading in Forex involves substantial risk of loss, and this is not appropriate for everyone.
Forex is driven by global interest rates, politics and economic cycles. Therefore, currencies trend over long periods of time - a scenario the Turtles may exploit.
The Turtle trend-following methodology may keep you in a trade long enough to earn substantial sums in leveraged interest. Whereas short-term systems deny you this advantage Forex has to offer.
Because Forex does not operate on a centralized exchange, spreads vary greatly from time to time and broker to broker. Bad fills have been the undoing of many a short-term Forex trader. But, a few pips one way or the other may be insignificant to trend-following Turtles.
Turtles use precise formulas to determine the number of units traded and to adjust protective stops. In this way, the Turtles may be able to optimize performance beyond all competition. Please note that there is no gaurantee that any stop loss order will be executed at the stop price. Therefore, there can be no guarantee that placing a stop order will limit losses or protect profits.
Short-term Forex traders, afraid they'll miss the big move of the day, stare at their computers from London open to New York close - a grueling 16 hours a day! Thank goodness, Turtle Traders enjoy a much more relaxed pace.
Please note that trading forex involves substantial risk of loss, and thus is not appropriate for everyone.
Detailed notes from two weeks of class, the question and answer sessions, and the brainstormingby Russell and other Turtles, has become known as the "The Notebook". Sworn to a decade of secrecy, The Notebook stayed buried for many years. Yet, to this day, it remains valuable and important.
When you say "Yes" to Turtle-FX Top Secret Trading Rules, you will also receive The Original Turtles Confidential Trading Notebook, which sells for $49, absolutely FREE.