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//-->FOCUS FOREX24/7 Trading in Foreign Currency©2011 Rich Dad Education. All rights reserved. The Rich Dad word mark and logos are owned by Rich Dad Operating Co., LLC andany such use is under license. 11RDES0169 v1 11/11FOCUS FOREX 24/7 Trading in Foreign CurrencyDISCLAIMERThis publication and the accompanying materials are designed to provideaccurate and authoritative information in regard to the subject matter covered in it.It is provided with the understanding that the publisher is not engaged in renderinglegal, accounting, or other professional opinions. If legal advice or other expertassistance is required, the service of a competent professional should be sought.Reproduction or translation of any part of the information contained herein, in anyform or by any means, without the written permission of the owner is unlawful.All trading in the stock and/or options market involves risks. Any decisions toplace trades are personal decisions that should be made after thorough research,including a personal risk and financial assessment. The company’s products(including but not limited to training and coaching materials, and newsletters)are for educational and/or illustration purposes only, and are provided with theunderstanding that: (i) the company is not engaged in rendering legal, accounting,or other professional opinions; and (ii) no solicitation and/or recommendations tobuy or sell any stocks and/or options is made herein. Virtual trade transactions areperformed with delayed data. The company and employees, subcontractors andalliances may own, buy, or sell the assets or options discussed for the purpose oftrading at any time. No express or implied warranties are being made with respectto company services and products. If legal advice or other expert assistance isrequired, the service of a competent professional should be sought. The companyis not liable in any form. You must receive a copy of the publication Characteristicsand Risks of Standardized Options (ODD) prior to buying or selling an option.Copies of the ODD are available from your broker, at http://cboe.com/Resources/Intro.aspx, or from The Options Clearing Corporation, OneNorth Wacker Drive,Suite 500, Chicago, Illinois 60606. Access to software features subject tomaintaining a valid data subscription.©2011 Rich Dad Education. All rights reserved. The Rich Dad word mark andlogos are owned by Rich Dad Operating Co., LLC and any such use is underlicense.Table of ContentsTable of ContentsChapter 1: GETTING STARTED IN FOREX. . . . . . . . . . . . . . 1Learn As You Grow .......................................................................................... 6Goal Setting And Game Planning.................................................................... 7The Disciplined Trader .................................................................................. 11Disciplined Risk Management ....................................................................... 15A Brief And Incomplete History Of Money..................................................... 17Modern Theories On The Value Of Currency ................................................ 23What Influences The Valuation Of A Currency .............................................. 24Summary ....................................................................................................... 26Chapter 2: FOREX PRIMER. . . . . . . . . . . . . . . . . . . . . . . . 29Benefits Of Trading FOREX (FX) .................................................................... 30Liquidity of FOREX......................................................................................... 31Evaluating A Cross Or Pair ............................................................................ 35The Major Pairs .............................................................................................. 36PIPs................................................................................................................ 38Variables On PIP Values ................................................................................ 39How To Change Lot Size And Quantity ......................................................... 40FOREX Market Structure................................................................................ 41Trading On Margin In FX Is The Status Quo .................................................. 47Conclusion And Review................................................................................. 48Chapter 3: MASTERING MetaTrader/Redfish. . . . . . . . . . . 53MetaTrader 101 ............................................................................................. 56The Main Display Screen............................................................................... 57The Order Ticket ............................................................................................ 61Order Types ................................................................................................... 64Stop Orders Summary, Review And Additional Points .................................. 77Control ........................................................................................................... 82The Traders Serenity Prayer .......................................................................... 83RedFish - What is Grey Box? ......................................................................... 84
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