KingFish FOREX Trading Room
Witness The Power of The Kingfish Trading Program
80-120pip Trades With 10-15pip Stops

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The KingFish FOREX Trading Program is designed to meet the needs of experienced and not so novice traders.
If you are a novice, under certain conditions you can receive individualized instruction and coaching in our daily
live mentoring program.

The Kingfish is the Originator of the eMini Single Entry 10 Point Profit Trade! NOW HE'S DONE IT AGAIN!
Come join the best traders in the world in our LIVE CHAT Sessions. Be our guest in a FREE TRIAL session. 

Learn The KingFish Trading Program Trading FOREX Currencies

If You Are Unfamiliar With The Forex Markets, Here Are A Few Basics

What is Forex (Currency) Trading?
Foreign Exchange Trading is called Forex, or referred to as FX., and entails the simultaneous buying and selling of paired foreign currencies.  For example, the EUR/USD or the USD/JPY. There are about sixty or so different pairs to choose from. This is by far, the largest financial market in the world. Daily volume is estimated at some $1.9 Trillion. That equates to a whopping 30 times the combined volume of all the US equity markets and provides unparallel liquidity for day traders. Forex is part of the 24 hour Interbank Market. Beginning in Sydney, then to Tokyo, London and finally New York where it starts the cycle all over again five and a half days a week. The FX market is considered an Over The Counter Market, or Interbank Market and is not centralized on an exchange like the stocks and futures markets you might be familiar with. Unlike any other financial institution, day traders can profit from the fluctuations caused economic, social and political events at any time of the day or night.

Who Is Trading The Forex?
Participants in Forex include central banks, corporations, individual investors and speculators, hedge funds, etc.. With electronic trading platforms, private traders and smaller financial firms now have access to the same liquidity as larger market participants. Trading for profit, or Speculation, makes up roughly 95% of the Daily Volume. The remaining 5% of daily volume consists of governments and commercial companies converting one currency into another from buying and selling goods and services.

What Is The Process?
Today, the vast majority of all daily transactions involve the trading of the major currencies: US Dollar, Japanese Yen, Euro, British Pound, Australian and Canadian Dollars and the Swiss Franc. However, Forex Trading is always transacted in pairs – Currency Pair. One currency is bought and the other sold simultaneously. For example, you buy Euros with Dollars, anticipating, the Euro to increase in value relative to the Dollar. If the Euro rises relative to the Dollar, you sell the position and have made a profit. The first currency in the pair is the base currency and relates strength or weakness against the second.

Most Commonly Traded Currency Pairs
US Dollar and the Japanese Yen (USD/JPY)
Euro and US Dollar (EUR/USD)
US Dollar and Swiss franc (USD/CHF)
 
FOREX Traders Buy & Sell Currency Lots.
To control 1 Large currency lot, the trader will need US $1,000 in margin. A Large lot is valued at US $100,000, or 100:1 leverage.  To control 1 Mini currency lot, the trader will need only US $300 in margin. A Mini lot is valued at US $10,000, or 1/10th the value of the Large lot.  (Some brokers offer 200:1 leverage on Mini lots so you control $60,000.)  To Get started trading Forex, you only need is a minimum of $300.00 in a trading account. (Some brokers only require $250)When the price of 1 lot moves 1 point it makes approximately US $1,000. A one point move is divided into PIPS. Like the US$1.00 has 100 pennies, one pip is equal to US $10 for the Large and US $1 on the Mini; provided the base currency is the USD.  The PIP can be higher or lower depending on where the base currency is in relation to the USD. There are no commissions, per say, involved with the transaction, but the trader is always buying the Ask and Selling the bid. This is where the market makers make their money from the spread. The trader gives up as little as 3 PIPs on the Majors and up to 15-20 on the more exotics.

Currently there are over 12 Million Online Forex Traders in the market today. Many stock market traders are leaving the stock market and moving to the FOREX!

If You Are A Forex Trader, Or Want To Be A Forex Trader, The Kingfish Program Can Set You Free! Free From All The Studies and Indicators, Gurus, Frustrations and Stress. Imagine what it would be like to look at a naked chart, with not even a moving average line, and make your entry and exit plans hours in front of the market.

JOIN US FOR A FULL WEEK! Be Our Guest And See First Hand - The Power Of The Kingfish Trading Program. Just Go to our home page and register right now! In the Refer Name Block, insert the word FOREX. We will send send you the next available date for our FOREX FREE TRIAL, and instructions how to join us.

"Give light and the people will find their own way"