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The Forex Market
The forex (short for Foreign Exchange) market is by far the world’s single largest marketplace where currencies are traded against each other. If you have ever traveled internationally, you have a personal experience of the forex market: you had to convert the currency of your homeland to the currency of the country you visited to be able to pay for any services used or goods purchased.
While you may have noticed differences in the buying power of your currency depending on when and where you made the transactions, you probably did not realize that you were participating in the largest market in the world.
Read more...Latest Forum Activities
| Title | Last post sent at | Number of Posts |
|---|---|---|
| Withdrawals | 10/22/11 12:55 AM | 2 |
| Future of Midas Trading? | 5/11/11 3:40 PM | 2 |
| Deposit Methods | 12/6/10 9:33 PM | 4 |
| Forum test | 10/9/10 8:13 PM | 6 |
About Us
We are a small team of traders, programmers and other professionals. After building and testing a forex trading system for several years we made it available for currency traders worldwide by starting up a signal service in October 2009. Since then, we have helped hundreds of traders to improve their performance and to become more knowledgeable and consistently profitable. But we have also realized that not everybody is interested in or suitable for trading his or her own account and thus exploit the fantastic profit potential of the forex market...
The Story
The Holy Grail of forex trading is being able to pinpoint trend turning points accurately, both in price and in time. The currency markets provide extraordinary profit opportunities for anybody who can do that. After several years of development and testing, such an investment opportunity is available for even the smallest investors worldwide.
My name is Tibor Varga, and I’m a 42-year-old Hungarian fulltime forex trader, technical analyst and market expert. Well, fulltime is a bit of an exaggeration. My entire trading activity takes no more than a couple of hours every month. Of course, I spend a lot more time researching and analyzing the markets, but not because I have to… I do it, because I love it! There is nothing more exciting than deciphering the mysteries of the markets and reading tomorrow’s move out of today’s action! Besides forex trading, which is a passion and a profession, now I have time for other important things in life… Investment Strategy
Our investment strategy is entirely based on the proprietary trend turn forecasting system we have developed a few years ago and have very successfully applied for currency trading ever since.
The key to successful trading and investing is buying low, when an asset is undervalued, and selling high, when it is overvalued.
The million-dollar question is: when is a certain asset (whether stock, bond, commodity, currency or any other financial vehicle) at or near the bottom to buy, or at or near the top to sell? This is where our system comes into play.
Read more...Investment Opportunities
The potentially most rewarding and lucrative investment opportunities are to be found at the currency markets, which are by far the most liquid and accessible markets in the world. While companies can go bankrupt, effectively reducing the value of their stock to zero, or real estate markets can become frozen due to illiquidity, there is no such risk at the forex market. Mainstream currencies will never lose their full value and will always stay liquid. Of course there are risks involved with the forex market too, such as the high volatility or the high leverage used by market participants. Our system can identify the future direction of currency trends with high probability, can handle the risks related to currency trading, and has statistically proven, long-term profitability, ensuring higher than average return on the capital invested with us.
Why Invest With Us?
The hedge fund industry, where the big profits are made, is reserved for so-called Accredited Investors. Before an investor is allowed to put his or her money into a hedge fund, it needs to be determined whether a prospective investor is accredited. There are two tests for accreditation: the Income Test and the Net Worth Test. Generally, accredited investors include individuals with a minimum annual income of $200,000 ($300,000 with spouse) or $1 million net worth ($5 million for institutions).
This regulation was originally designed by lawmakers to protect small investors, with the reasoning that they cannot afford the risk of losing if something with their investment did not work out as expected. While this may be a valid point, as a side effect small investors are shut out of the most lucrative investment opportunities.
Security
As a financial services company that manages capital, we believe that security is extremely important. We use the latest cutting edge technology to provide our investors with the highest level of security. Investing generally means putting money at risk to achieve future gains. We at Midas Trading Corporation are trying to remove the risk factor of the equation as much as possible, while maximizing the profit potential in order to achieve truly amazing future gains for our investors. There are many kinds of risks, such as market risk, systemic risk, fraud risk, etc. We pretty much managed to eliminate most risk factors, except for the market risk, since no one can predict with absolute certainty what the markets are going to do in the next minute, hour, week or month. However, with our high-probability trend turn forecasting system and proven trading strategies we can handle the market risks reasonably well.
Absolutely. We make money only when you do, and we'll never make money prior to you. This means that our management and profit share fees will be due only when you decide to cash out and sell your Investment Units (or IUs). There are no fees whatsoever without selling IUs.
Is using online payment processors the only way to deposit funds, or is there a possibility of direct wire transfer, especially if someone wants to invest a larger amount?If an investor would like to deposit US$10,000 or more, he or she should contact us and we'll provide the details for the wire transfer (see under Contact Us).
Under Investment Opportunities you state that „The rate of "Plan C" guaranteed yield can and will change from time to time, based on the management's strategy, objectives and the prevailing market conditions.” What exactly does this mean?This means that if someone invests in “Plan C”, his or her Midas Managed Account will immediately be credited with the amount of the guaranteed yield. However, the rate of the yield can change from time to time, as indicated under Investment Opportunities. If we see some excellent opportunities at the market we may increase the offered yield rate to raise funds. In other times, when the market does not offer very good, low-risk and high-reward opportunities the yield will be lowered.
What sort of documentation supports the actual opening of an account? Is there any documentation of the transactions?When someone signs up (that is, creates an account), a confirmation email will be sent out immediately to the e-mail address he or she registered with. About every major transaction (that is, Buy IU, Sell IU, Deposit and Withdraw) a PDF report is automatically generated and sent out to the investor. This PDF report is also accessible in the History tab, on the Investor Account Management user interface. All reporting is web-based.
Are the investors’ funds guaranteed by any bank, insurance company, etc?No, there are no third party guarantees. Such an insurance has very high costs and would reduce our profit potential significantly. Instead, we encourage investors to make their own due diligence, start small and increase their stakes only later when they feel absolutely confident about our company and our services.
More questions...Investor Psychology
Proper mental attitude is perhaps the most important trait to become a successful and consistently profitable investor. Unfortunately, the human brain is wired by nature in a completely different way. Most of our investment decisions are not based on education, research or experience, but rather triggered by emotions such as fear, greed and hope. On the other hand, by knowing this fact we have the opportunity to reprogram ourselves and make our brain capable of coping with all the emotional hurdles along the way. This is absolutely necessary to become a profitable trader or investor and to enjoy long-term success at the financial markets.
Referral Program
With our referral program you can make money not just by investing with us, but also by telling to your friends, family members, business associates or others about this unique investment opportunity. Every investor automatically becomes part of our referral program and can get a commission after every further investor’s investments in his or her downline, five levels deep. But that’s not all! Qualified investors who refer other investors will even get commission if anybody in their dowlines cashes in the profits at any time in the future! You don’t need to just sit and watch passively how your seed capital grows, you can be an active part of our efforts in making available a high-yield investment opportunity for everybody, and build a long-term, solid residual income.
