ForexMegaClub Week Eight Market Outlook

This is week eight since the inception of this portfolio that started trading on 01/09/2014. Starting on the first day of trade, subscribers were instructed to simultaneously buy and sell one micro lot entry on all selected twenty currency pairs. Subscribe to daily Forex Market updates and also find out how to raise business start-ups and trading capital, or raise funds to meet any other immediate financial needs.

We are starting week eight with 63 open positions in thirteen currency pairs; equity at above €110,000, usable margin at €109,000, usable margin percentage at 93% and pending orders at 34. A margin call will be triggered when usable margin percentage fall below 30%. The €50,000 start up portfolio is on course and nowhere close to the danger zone.

GBP v AUD has eight open micro lots sell positions, profit target for all open positions at 18110. USD v CHF has five open micro lots sell positions, profit target for all open positions at 9310. Based on your current portfolio’s usable margin sell GBP v AUD and USD v CHF at current market prices and every 100 pips against your first order until 50% retracement profit target is reached.

All GBP v JPY opened positions closing price on Friday 17 October 2014 at 20:08 GMT was 17190 with a net profit of €6,610.44.

Buy Orders

EUR v USD, AUD v USD, NZD v USD, CAD v CHF, CHF v JPY, NZD v JPY, EUR v JPY, CAD v JPY, GBP v CHF, USD v JPY and AUD v JPY.

To calculate profit target on each currency pair, add the first entry price to the last price and divide by two equals profit target for all open positions. Based on your current portfolio’s usable margin buy any of the listed buy orders at current market prices and every 100 pips against your first order until 50% retracement profit target is reached.

Look out for Tuesday 21 October 2014 blog post; Monday’s close positions if any will be showcased. The most viable buy or sell currency pair based on our unique trading plan will also be showcased. Our standardized trading process flow coupled with 12 second commute 100% payout program provides you the platform to succeed with mathematical precision.

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