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  What
is Forex Trading How
to get started in Currencies History
of Forex A
Primer On The Forex Market Forex
vs Futures Forex
Introduction Forex
vs Stocks Getting
Started in ForexVIEW MORE INTRO TO FX..  What is a PIP? Country
Currency Codes Reading
Prices What
Pairs are Traded? Forex
Glossary FX
PublicationsVIEW MORE FUNDAMENTALS..  Speculating Risk
Awareness The
Spot Market The
Forces of Forex Market
SnapshotVIEW MORE MARKET INFO..  Fibonacci
Numbers Advanced
Indicator Manual Trading
Systems which work Demo
Before You Dive InVIEW MORE TECHNICAL.. 
Risk Probability Calculator Pivot
Point Calculator Economic
Calendar Interest
Rates Calendar Real-Time
FX Charts Live FX Prices & Quotes Forex Movers & ShakersVIEW MORE TRADING TOOLS..  Keep
An Eye On Momentum
Is Guessing a Strategy? Trading
On News Releases The
Memory Of Price Trading
Trend Or Range?
Pivot
Strategies: A Handy ToolVIEW MORE STRATEGIES..  |
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Risk Probability Calculator - Continued... February, 2004 Retracement Levels The RPC only uses two retracement levels. The .382 and the 61.8. These are automatically calculated when you enter Point A and Point B. The reason I only use these two levels is that the .50 level will be to close to the other two points on an intraday basis, which is where the vast majority of us trade. Targets You will find that the target levels will also act as resistance levels. These levels are automatically calculated once Points A,B and C have been entered. You should select a target according to market conditions and also the style of trader you are. You make fade out the position at each target. Potential Return This is where the little tool becomes really handy. With the information that has already been input, the RPC calculates if you have at least a 2-1 win ratio. This means that once the RPC has done its calculations it will only display "Trade"if you have at least twice the potential profit to risk ratio. If the calculations doesn"t show that you have at least twice the potential gain then it will show "No Trade". This will keep you out of trades where you might find yourself taking a large risk for a small potential gain. I hope you enjoy using the RPC and that it improves your trading results. If you have any question on the use of the RPC just drop me a line at info@surefire-forex-trading.com or you can go to www.surefire-forex-trading.com Good Trading Mark McRae |
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| Disclaimer: Trading Futures, Options on Futures, and off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. |