July 8, 2008
Good day, and it’s my pleasure to welcome you this incisive and educative manual, which I hope will help you understand the relatively new concept of Fixed Odd Trading.
I am Michael Lawal, a full time currency trader. I always find pleasure in helping traders, both newbie and experienced a like ,understand how to improve their trading by writing a well detailed, and instructive manual which explain new trading concepts and methods associated with Fixed Odds Trading, as you will observe, it is ideally suited to new traders, as the risk of each trade is known before opening the trading position .
Fixed odds betting has been around for a long time, and for many of us the first introduction to betting was in horse racing – ( well it was for me anyway!). Odds were quoted as 2/1 or 3/1 for a horse to win a particular race, often called a win single, the simplest of all bets. The odds reflect what the bookmaker thinks are the chance of the horse winning.
Now, one important point before we go on, odds and probability are often confused by newbie and inexperienced traders, and most seem to think they are the same thing. They are not, they are closely related of course, but they are different. Probability is the chance that something will happen or not, and has a range between 0% and 100%. Odds however are used to express a ratio between the probability of an event happening or not happening. If we take the simplest example of tossing a coin, we know that the chance of a head or tail is exactly 50% as there are only two possible outcomes, so we have a 1 in 2 chance of choosing correctly. If we express this as odds we get 1/1 which is known as even money.
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May 28, 2008
The MACD forex strategy was discovered after over 2 years of extensive and thorough research. it was also discovered that the MACD when moving in certain way produces a 98% accuracy .In the manual you will be shown how the highly probabilitytrades look like .
The beauty of it is that it gives easy to read signals on regular basis that earn you up to 800pips a month
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