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Let me first tell you how banks make money in forex…

When I was a beginner in forex, I always used to be impressed by somebody being a currency bank trader, but after making some friends that are either working at the banks, or used to work for a bank, I came to a realization that a lot of the bank traders are simply order fillers for a bank, and there is very little they can teach the retail traders.

In addition to making money on filling orders, bank traders are certainly trained to make some pips for the bank as well, but the way they do it is obsolete to retail traders.

The first level of income for a bank is spread, which is very self explanatory, but there is another secret way that banks make money on the orders in addition to spread, and here is how it happens…

Every large bank has something that’s called an order book, which is basically a book of limit orders that their clients call in with. You have to understand that most large institutions that are clients of a particular bank do not take day trades, they take trades that last several days, weeks, or months at a time, and they can’t afford to risk keeping their funds at ordinary forexbrokerages, because it’s simply unsafe. So they open forex trading accounts with banks, but generally, unless it’s a multi-billion dollar operation, the bank wouldn’t set them upwith online trading accounts. Instead they have to call in their orders.

Let’s imagine for a moment that the current price on EUR/USD is 1.4050. A bank trader sees that there are several clients that want to buy EUR/USD if it breaks the important level of 1.4050, so they have a stop limit order sitting at 1.4056 for 800 million, which basically means that if price break 1.4050, and reaches 1.4056, they want to buy the EUR/USD because they believe that it broke strong resistance level and will continue going up. Since the bank can see such order in their books, in addition to making spread, they see an opportunity to make some profit as well, so what the bank can do is simply submit an order into the interbank trading system to buy EUR/USD at 1.4058or better. Let’s say there is some liquidity, and the bank gets filled 100 million at 1.4050, 50 million at 1.4051, another 70 million at 1.4052, another 150 million at 1.4053, another 200 million at 1.4055, another 75 million at 1.4057. So the total order the bank accumulated is 645million, with an average price of 1.4053. Remember, there is no point in driving price up while buying up, unless you have someone to sell to, and guess what, the bank does have a guaranteed order with money in their account that is willing to buy 800 million once price breaks 1.4056, so the bank simply turns around, and sells their 645 million dollar order for 1.4057 to the people on their books. That’s guaranteed profit of 4 pips on 645 million, which ends up being $64,500. Large banks do this all day long, and the bank traders are trained to do just that, and they receive a commission in addition to their salary. They scalp the market because they have guaranteed buyers and sellers of their positions. It’s a no-lose scenario for them, and a great additional income to collecting spread by matching buyers and sellers.

So how can a retail trader really benefit from the experience of most seasoned bank traders? Well, in most cases there is very little benefit, unless a retail trader is lucky enough to find the “right” bank trader. In order to fully understand the word “right”, you have to read the story of a bank trader, named Jimmy.

Jimmy was a bank trader for 22 years, and in 2004 he decided to retire from bank trading, and instead of letting his IRA sit there and accumulate small returns with main-stream investment strategies, Jimmy decided to use his forex bank trading experience to grow his IRA account by trading forex. Unfortunately, Jimmy did not have the advantages of most banks, like order books of their clients that would guarantee a small profit. Jimmy had to figure out a way to make money in this business like an average retail trader. The question is how did he do it?

Well, first of all, Jimmy had 22 years of experience of watching prices of currencies tick and charts moving. He also had the experience of observing the type of trading environment that the banks were very afraid to manipulate. He also had the luxury of communicating with many large funds and money managers that called him in to place their orders, and overall were consistently profitable.

Jimmy even recalls an experience when his bank made an exception and stole a trader from another bank that was an amazing speculative forextrader. The guy would make a lot of money for the bank, charge a commission, but would never share his trading strategy. One day, Jimmy was sitting with that guy at the bar, and the guy was drunk and relaxed, so Jimmy asked him how he trades, and the guy spilled the beans of his trading strategy. Jimmy could not believe how simple it was, and at the same time he realized from his banking experience that it made perfect sense.

I was very lucky to meet Jimmy quite some time ago, and I was very impressed with the way he trades. I made a lot of money with following one of Jimmy’s methods, and since then, I have expanded on it tremendously, and trade that method full time.

I was also very lucky that Jimmy allowed me to create this website, and offer what he teaches to people like you. Let me tell you how he teaches, and you will simply be blown away by the methodology.

Jimmy has several very powerful trading strategies, and he has created a book and DVDs outlaying every strategy in a very concise and clear manner. Though Jimmy believes that his information and his strategy can tremendously help traders to become consistently profitable in forex, he also believes that it would make it a lot easier for most people to learn not only by his book and DVD, but by real livetrading examples. Every trading night, Jimmy reads all kinds of fundamental information on different countries and their currencies. And every single night, a few hours before London session starts, he records his thoughts on a video, where he shows his charts, and shares his insights of what he feels is the current situation of the market, and how he would personally trade it in the upcoming London and New York sessions. Jimmy likes to say that a lot of forexeducators are “talking the talk”, without “walking the walk”. By him providing his market previews, and the following day, market reviews, it would become crystal clear to you that Jimmy is indeed walking the walk, and making the money in the markets, because his analysis is very accurate most of the time. The cool thing is that Jimmy explains everything very thoroughly, and he shows how to integrate his strategies into every trading session, so after a while of listening to him, and trading with him “side-by-side”, you have the chance to learn this business, and do it on your own, without ever needing him.

Here is the coolest thing about this whole situation. Jimmy has made his money, and he doesn’t have to work ever again. Trading is his passion, and he gets a real kick from helping forex traders succeed. That is why Jimmy strongly believes in making his product affordable.

I strongly believe in quality and personal touch, so if learning from Jimmy and becoming a full time forex trader interests you, please schedule a brief phone consultation with my associate, Vlad.

Here is what will happen when you will talk to Vlad.

• First, he will ask you a serious of questions, by which we will determine whether your schedule and your time zone will even allow you to trade with Jimmy’s program.
• Then, Vlad will explain to you our non-disclosure and non-compete policy, and will ask you to agree with it.
• Then, if you pass the first two steps, Vlad will explain to you in detail how Jimmy’s program works and what you can expect from it as a trader.
• Then, if you are still interested, Vlad will tell you the price of the program, and you then will know whether you want to buy it or not.

I can promise you one thing. This will not be a high pressure sales call, but rather a very educative session where you will fully understand how everything works, how much it costs, and whether it’s even something that will fit your current schedule. Jimmy and I strongly believe in quality, and before selling you this package, I want to make sure you fully understand what we expect from you, and what you should expect from us. To make your phone appointment, please enter your complete phone number and select available time to speak with Vlad.