Price Action in Forex Trading

Introduction To Price Action Forex Trading

Welcome to this introductory lesson on Price Action Forex Trading. If you’re new to price action trading you are going to benefit a lot from today’s article, if you are already familiar with price action trading then you can use today’s lesson as a reinforcement and reference tool.
Today’s Lesson Covers …

• What Is Forex ‘Price Action’ Trading? (The Definition Of Price Acton)

• Trading with “Messy” Vs “Clean” Forex Charts

• How to identify trending and consolidating markets

• How to trade Forex with price action strategies

• How to use confluence and price action to trade Forex

What is Price Action Forex Trading?

Basic Definition: Price Action Trading is the discipline of making all of your trading decisions from a stripped down or “naked” price chart. This means no lagging indicators outside of maybe a couple moving averages to help identify dynamic support and resistance areas and trend. All financial markets generate data about the movement of the price of a market over varying periods of time; this data is displayed on price charts. Price charts reflect the beliefs and actions of all participants (human or computer) trading a market during a specified period of time and these beliefs are portrayed on a market’s price chart in the form of “price action”.
Whilst economic data and other global news events are the catalysts for price movement in a market, we don’t need to analyze them to trade the market successfully. The reason is pretty simple; all economic data and world news that causes price movement within a market is ultimately reflected via price action on a market’s price chart.
Since a market’s price action reflects all variables affecting that market for any given period of time, using lagging price indictors like stochastics, MACD, RSI, and others is just a flat waste of time. Price movement provides all the signals you will ever need to develop a profitable and high-probability trading system. These signals collectively are called price action trading strategies and they provide a way to make sense of a market’s price movement and help predict its future movement with a high enough degree of accuracy to give you a high-probability trading strategy.

“Clean” Price Action Charts vs. “Messy” Indicator-laden Charts

Next, to demonstrate the stark contrast between a pure price action chart and one with some of the most popular forex indicators on it, I have shown two charts in the examples below. The chart on the top has no indicators on it, there’s nothing but the raw price action of the market on that chart. The bottom chart has MACD, Stochastics, ADX and Bollinger Bands on it; four of the most widely used indicators AKA “secondary” analysis tools as they are sometimes called:
The image example below shows a clean price action chart, with no mess, and no indicators, just pure price action bars:

The image example below shows a messy price action chart, with lots of clutter, indicators and mess:

It’s worth pointing out how in the indicator-laden chart you actually have to give up some room on the chart to have the indicators at the bottom, this forces you to make the price action part of the chart smaller, and it also draws your attention away from the natural price action and onto the indicators. So, not only do you have less screen area to view the price action, but your focus is not totally on the price action of the market like it should be.
If you really look at both of those charts and think about which one is easier to analyze and trade from, the answer should be pretty clear. All of the indicators on the chart below, and indeed almost all indicators, are derived from the underlying price action. In other words, all traders do when they add indicators to their charts is produce more variables for themselves; they aren’t gaining any insight or predictive clues that aren’t already provided by the market’s raw price action.

Examples of some of my favorite price action trading strategies:

Next, let’s take a look at some of the price action trading strategies that I teach. Note that I’ve included a “failed” trade setup because not every trade will be a winner; we aren’t here to show you “perfect” past trading results…we are here to teach you in an honest and realistic manner.
In the image example below, we are looking some of my favorite price action trading strategies:

How to determine a market’s trend

One of the most important aspects of learning to trade with price action is to first learn how to identify a trending market versus a consolidating market. Trading with the trend is highest-probability way to trade and it’s something you HAVE TO learn how to do if you want to stand a chance at making serious money as a trader.
The charts below shows how to use price dynamics to determine a markets trend. We consider a market to be in an uptrend if it is making Higher Highs and Higher Lows (HH, HL) and a downtrend is Lower Highs and Lower Lows (LH, LL).
In the image example below, we can see how higher highs and higher lows signal an up-trend in a market:

In the image example below, we can see how lower highs and lower lows signal a down-trend in a market:

Trending VS. Consolidating markets

As we discussed earlier, price action or “price action analysis” is the analysis of the price movement of a market over time. From our analysis of price movement we can determine a market’s underlying directional bias or “trend”, or if the market has no trend it is said to be “consolidating”…we can easily determine whether a market is trending or consolidating from simply analyzing its price action. We saw how to determine a market’s trend above, to determine if a market is consolidating we just look for an absence of the HH, HL or LH, LL patterns. In the chart below note how the “consolidating price action” is bouncing between a horizontal support and resistance level and is not making HH, HL or LH, LL but is instead going sideways…
The image example below shows a market moving from a consolidation phase to a trending phase:

How to Trade Forex with Price Action Strategies

So how exactly do we trade Forex with price action? It really boils down to learning to trade price action setups or patterns from confluent levels in the market. Now, if that sounds new or confusing to you right now, sit tight and I will clarify it soon. First we need to cover a couple more things:
Due to the repetitive nature of market participants and the way they react to global economic variables, the price action of a market tends to repeat itself in various patterns. These patterns are also called price action trading strategies, and there are many different price action strategies traded many different ways. These reoccurring price patterns or price action setups reflect changes or continuation in market sentiment. In layman’s terms, that just means by learning to spot price action patterns you can get “clues” as to where the price of a market will go next.
The first thing you should to begin price action trading is to take off all the “crap” on your charts. Get rid of the indicators, expert advisors; take off EVERYTHING but the raw price bars of the chart. I prefer to use candlestick charts because I feel they convey the price data of the market more dynamically and “forcefully”, if you are still using classic bar charts and want more info on candlesticks then checkout this candlestick trading tutorial.
I like simple black and white charts the best, as you can see below. In metatrader4 you simply right click on the chart and adjust the “properties” of the chart to get it looking like mine below. If you want more info on how to setup your MT4 trading platform checkout this metatrader 4 tutorial.
After you’ve removed all the indicators and other unnecessary variables from your charts, you can begin drawing in the key chart levels and looking for price action setups to trade from.
The image example below shows examples of some of the price action trading strategies I teach in my trading course. Note the key support / resistance levels have been drawn in:

How to trade price action from confluent points in the market:

The next major step in trading Forex price action is to draw in the key chart levels and look for confluent levels to trade from. In the chart below we can see that a very obvious and confluent pin bar setup formed in the USDJPY that kicked off a huge uptrend higher. Note that the pin bar setup showed rejection of a key horizontal support level as well as the 50% retrace of the last major move, thus the pin bar had “confluence” with the surrounding market structure…
In the image example below, we can see a pin bar setup that formed at a confluent point in the market:

All economic variables create price movement which can be easily seen on a market’s price chart. Whether an economic variable is filtered down through a human trader or a computer trader, the movement that it creates in the market will be easily visible on a price chart. Therefore, instead of trying to analyze a million economic variables each day (this is impossible obviously, although many traders try), you can simply learn to trade price action, because this style of trading allows you to easily analyze and make use of all market variables by simply reading and trading from the price action trail they leave behind in a market.

In closing…

I hope today’s introduction to price action Forex trading has been a helpful and enlightening lesson for you. The great thing about price action trading is that even if you don’t want to be a 100% “pure” price action trader, you will still benefit significantly from learning about it. No matter what strategy or system you end up trading with, having a solid price action foundation under you will only make you a better trader. If you’re like me, and you love simplicity and minimalism, you’ll want to become a “pure” price action trader and remove all unnecessary variables from your charts. If you want more price action trading training and you’re interested in learning all my price action strategies, checkout my Forex price action trading course for more info.

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The secret in successfully trading Forex  

The following trade secrets will hopefully make your journey into currency trading a bit easier. Some may sound like common sense and others are just pointers to give you the best possible chance of making some money.

The 10am rule

Although the markets are open for twenty four hours a day, this doesn’t mean that there isn’t a good time for trading. You can only make a profit if the market is going up or down, and at some times of the day the market just doesn’t move. Therefore learning about the times when the Forex market is most active will be to your advantage. There are three main trading sessions – Tokyo, London and US. The first is the London session. This has the greatest movement as it isn’t just the UK that is trading but also other countries in Europe. The next session is when the US market starts trading. There is an overlap between these two times, and this can be the time of the day when there is the greatest movement in the market and therefore the most likely time for making a big profit. The Crossover between Tokyo and London is also a busy time. Therefore the best times are when these crossover points occur.
It is considered that 10am is the best trading time as the London markets are just closing so more buyers are moving onto the US markets. At this time of day buyers and sellers will make last minute bids before the market closes and this movement will result in big profits if you invest wisely.

Trading on the right day of the week

Research has shown that the most movement in the market happens midweek on Tuesday and Wednesday. Friday can be busy as well but only until around noon as after that there can be chaotic movements due to it being the week’s end.

Don’t take too many risks

It is recommended that you limit your risk by only trading 1% of your total account on each trade. This way you won’t lose as much money if you aren’t successful. Also, only trade if you have a good percentage reward. This is called the reward/risk ratio. The way it works is if you could potentially get a 3% reward from a trade you will risk 1% but if it doesn’t then don’t take the risk.

You can purchase Forex software to help you

There is some very good software on the market which will help you trade and make the best possible decisions in order to make more money. Some trading software will be able to help you predict the market trends, however, don’t believe all the claims that the Forex software producers say. Try to choose something that has good reviews and has been proven to work.

Beware of the scams

There are lots of forex books or schemes out there which claim to give you all the secrets of Forex trading and give you foolproof ways to make money. No one can make money all the time, and so you need to steer clear of these scams. Read a few books and come up with your own methods of trading and you are far more likely to make a success of it.

Keep your eye on national events

Changes in things like interest rates, price indexes and reports on unemployment can have a big effect on the trading prices. After watching the markets for a while and looking at the trends you will be able to work out which events make particular changes which will help you trade sensibly and make more money.

Always bet on an up trend

Keep an eye on currency trends. If it has been going down for a long time and suddenly starts to go up this is a good time to take a bet on it. This is particularly true if the country has suddenly changed to having a much more positive economic outlook. Currency pairs follow each other, so you can also look for other currencies that may move up as well.

Put you excess funds into a stable currency

This might seem like common sense, but some Forex day traders will want to take a risk to try to make more money. However, the bigger the risk the more money you could potentially lose as well as gain. Putting your money into a stable market means buy currency from a country that is politically and economically level.

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Secrets from Professional Forex Traders

Everybody loves secrets. I mean, absolutely everybody. Secrets are always so magnetic to people, who are curious to know more than others. Love for secrets can turn badly for you… But not this time! This time secrets are coming to you legally. Just for your ears. Are you interested? Now you’re gonna be interested twice, because it’s Forex secrets, to be exact – Forex trading secrets! The big Forex secret from professional Forex traders who earn a ton of money every year with currency trading now can be your official knowledge. Just read this… But – get ready to feel a little disappointed.

No Magic at All

There are no magic sticks and no wizards in this story. Sadly, or not, but Forex secrets are very prosaic!
People who trade currencies for years have been through different times, sometimes very profitable, sometimes harsh. Well, experience is experience and it allows them sharing their own philosophy with beginners now. Main Forex secrets are in their minds.

Solid Money Management

First one of the Forex trading secrets is in money management. You can read the additional article, fully dedicated to this topic here. Money management is one of the most useful Forex secrets that controls your losses and helps saving your money, even if all turns in the worst way. To say clearly, this part of Forex secrets is more than important for a successful trader. Managing your money with clear mind, you can turn your losses to a minimum and, eventually, turn your win rate into a maximum. The rules of money management (like calculating the ratio of win/lose and so on) are simple. They can be learned in the additional article about money management, as I told earlier. Ok, clear with this one of Forex Trading Secrets! Yes?

Trading Plan

Next one of the Forex trading secrets is trading plan. Trading plan is a typical Forex secret of every successful trader. It’s about formulating what you aim for, what are your purposes, determining your risks and screening your trades. Systematic plan for your trade operations is a “must” and can really help and show you the picture of your win rates, losses, operations and so on. If you follow this one of the Forex trading secrets and make your own trading plan, you will definitely gain more, because you will know where to move, how much can you lose and what operations are good for you.

A Winning Strategy

Forex trading secrets are going on! Are you curious about which one of the Forex secrets will come next? Ok, next one of the Forex secrets is trading strategy. Trading strategy is one of the Forex secrets that is absolutely driven to win. Without a winning strategy, you cannot make profits. Ok, where to get a winning strategy you might ask yourself?
Take a look to ProFx. I developed the strategy myself more than 10 years ago, improved it with my Team continuously and use it on my own and some client trading accounts. The strategy works during the American and European sessions and can be used on all the major currency pairs. This one is very easy, like, install, setup, and then – no special skills required.

Analytic Tool to Keep You Up to Data What is Going On

Knowing at any time the level of free margin of your account, upcoming news, detailed results about the news and trend direction from all important timeframes from the currency pair you trade on is essential and very important.
Not knowing these details can result in a wrong trading decision. And that means it can cost you a lot of money. How to know? Take a look to FX Pulse. It is a powerful analytic tool for the Metatrader platform.

Automated Forex Systems

So, you know which of Forex trading secrets will be the last one? Yes, the one that is really reminding of a wizard – just a little. This one’s about automated Forex trading systems. As you might know, all big market participants like fund manager, money manager, investment banks and professional currency trader uses automated currency trading systems. Reason is that such systems can analyze a very large number of data which a human cannot. Another one is that a human trader cannot follow the market 24 hours which mean good trading opportunities will be missed.
However, when you are interested to trade with automated Forex trading systems you need to choose wisely. Here a comprehensive checklist:

• System needs to be tested with historical tick data from at least seven years. Modeling quality from the test needs to be 90%. Mismatched chart errors should be 0.
• System needs to be forward tested. Minimum period is three months but a longer period is of course better.
• System needs use fixed stop loss levels, otherwise you can face serous losses.

Want to know more about automated trading systems and what they can do for you? Take a look here: Automated Forex Trading Systems
As you can see, the so called Forex secrets are not so secret at all and there is no magic included. So, why it is so that so many Forex traders fail? Because trading success consist from the combination from different techniques. When one part is missing, you fail.
Exactly, for this reason we offer all on one solution for manual and automated trading to make sure you will be one from us who make constant profit trading currencies.
Let me assure you it is exiting to be a successful Forex trader who trades for a living. Become one of us, today!

How to Get Started

• Choose a trading system what fit your needs here
• Download and install it
• Follow the setup instructions
• Trade and make money

Don’t believe it can be that easy? It is, and just for the case that you have doubts let me remind you that you purchase absolutely risk free with 100% satisfaction guarantee.

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What is Your Forex Trading Style?

Scalping, Day, Swing, Position or Long Term Trading. What is Your Forex Trading Style?

Style is important. We hear it every day, every moment, from magazines, from TV, radio… Style is the integral part of personality, and we all want to be personalities. Well, business is where we really stand tall, where we show our personality in full-size and style is important in business. However, style cannot be expressed in clothes only. What is your Forex trading style?
Styles of trading can tell much about you like a person. Do you know what scalping, swing, position, day or long term Fx trading styles are? Well, if you do and one of them is your style, you can skip this article. But if not – well, you are on YOUR track to be a stylish person in all the ways with your own Forex trading style!

Scalping

If you want to make profits fast and like action, scalping is for you. Scalping is about getting a little profit on little trades. Many small trades a day gets a big profit at the end of the day. Be a careful pro. Scalping is the FX trading style for currency traders who want to make profits on a daily base. 1-2% profit every day, sounds good? That’s what professional scalper makes.
Advantages from scalping:

• High win rate
• You can make high profits faster than with any other trading styles

Disadvantages:

• Only for experienced trader with deep knowledge about currency trading
• Time intensive when done manual

Day Trading

Well, and what do you have to do if you are afraid of losses and not risky by yourself? Then you should definitely try Day Trading FX trading style. Day Trading means buying and selling the currencies in the one day. If this tactic fits you – you have already found your Forex trading style and it is Day Trading.
Advantages from day trading, also known as intraday trading:

• Low number of trades lowers execution costs
• No overnight trades

Disadvantages:

• Trader needs to have deep knowledge about technical analysis, access to real time news service and level 2 data

Swing Trading

Swing trading is for those who are mainly trading from home and day-traders. It’s based on short-time movements of currencies. If you’re a day trader, you can surely choose Swing Forex trading style. Swing trading is for those who don’t want to spend the whole day with trading and are not ready to take to large risks.
Advantages from swing trading:

• Good trading style for traders who are new to currency trading
• Not very time intensive

Disadvantages:

• Some trades need to be hold overnight
• Returns lower profit then scalping and intraday trading

Long Term Trading

Long term trading’s name talks for itself. Long term is Forex trading style that is based on operations that are not fitting to one or two days. Long term trading is calmer than speedy Scalping, Swing or Day trading style, and surely will fit you if you’re not from those who want to “get rich in a day”. Position trading is fx trading style that is very popular. It is based on long-termed trading, long timeframe charts (like monthly, weekly and daily ones).
Advantages from long term trading:

• Very low transaction costs
• Not very time consuming. It is enough when you check your position once a day.

Well, whatever Forex trading style you are going into – it should be based on the strategy that is highly recommended to use. A solid strategy will guide you through the trading process, and I am sure you will be happier if your strategy will be based on simple rules that are easy to follow. ProFx strategy will work ok for you. I know for sure! It returns a constant profit and guarantees low drawdowns. Isn’t it great? You’re Scalping? Or using Intraday Forex trading style? Alternatively, maybe long term Forex trading style is good for you? No matter what, ProFx will make it easy for you to archive constant and stable profits.

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Forex Money Management

We have something really serious to talk about today. Of course about money again, but… This time not about spending and so on, but about saving. Have you ever heard about Forex money management or money management at all? Forex money management rules? If no, then sit down and read this. Carefully. Think on this topic, never stop thinking till you understand every word. This is important.

Trading Without Money Management is Nothing Else the Gambling

Without Forex money management, Forex traders are just ordinary gamblers, who are lucky from time to time. This has nothing in common with real trading. So, if you want to get money, not to give them away without a thought – Forex money management is for you. Really… This thing works, thanks God, because without these rules we would be in deep trouble.
I think everyone of us has ever thought and dreamt about going to casino and getting the greater jackpot ever. And all the attributes – champagne, glitter, flashing lights… But I do not think everyone accepts that the main thing that is ruling us in this desire is passion. Passion for the game, for the gamble. Well, Forex is not like playing roulette. For those who want to live and to get money from their business, not to play, there’s a thing called Forex money management. I strongly recommend you to get your brain working now and think about casino. No, stop thinking about champagne! Under those decorations we often do not see the faces of those who are in fact investing their money to this beautiful picture we see. Those, who lose. Those, who give their money to winners, casino and so on… Gamblers. The ones who have naked passion and nothing else. Well, is it quite scary for you huh? If yes – you’re on the right way to learn Forex money management rules to never become one of those unlucky persons.

 

 

Basic Rules

What you need to know first of Forex money management is that no matter how lucky you are, someday you will lose. And it’s only you who decides HOW MUCH will you lose and will you be able to start over again or not. The main of Forex money management rules is to always count and manage possible risks and to keep them in mind. Well, it’s quite clear – you risk a little, you lose a little. Don’t let this fact scare you, like, who doesn’t risk – doesn’t get. I will tell you that this is the truth, yes. You should risk and the percent of gambling should always exist, but let’s just decrease it to… Let me say… 2%? Decreasing your risk to 2% according to Forex money management, you can really decrease your losses even, in the worst case. I think it’s more than clear – when you risk a little, you can’t lose a lot, because losses can’t come from nothing.
Well, let’s go on with Forex money management! Second of Forex money management rules is obvious too (you can see, my lesson today is easy). Your capital is your fortress. When you lose the part of the fortress, it’s much harder to rebuild this. You lose money to rebuild your capital, and you lose time that could be spent on gaining new profit. So, your losses not only counting in money – but in time too, and time is very precious. You can get back your money (not gaining when doing this) but NEVER your time. Keep this in mind – it’s very important for Forex money management.
Third of Forex money management rules is on the way to come to you! Are you ready? Well, this one of Forex money management rules is for you: calculate. I know you are friendly with economics, so this is the main thing you are doing all the time, but never stop calculating your risk ratio! You don’t wanna lose, yes? So be sure that the chances to win are two or more times bigger than chances to lose. In Forex money management it’s very important to keep your money safe before you are sure that you CAN win and that you WILL win. No gambling please! Cold mind is needful.
Well, if you’re going to follow all the Forex money management rules that were written above, I’m sure you will success. If I could put them together into one sentence, it would be “Think before you do”. It works not for Forex money management only by the way… But that’s the other story already. Don’t be the one who pays for someone’s champagne in casino. Let it be you who is bathed in champagne all the time. Be clever. Trade smart. Use Forex money management rules and… Good luck!

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Forex Rebates

Forex rebate sites have been popping up on the World Wide Web like mushrooms over the past few years as retail forex trading has gained popularity. Want to learn more about them? You'll find the answers to the most frequently asked questions about forex rebate sites below!

1. What is a rebate?

A rebate is a small deduction from an amount to be paid OR a return of a part of an amount given in a payment. It's kinda like the cashback reward programs that credit card companies offer to their customers who pay diligently.

2. What do forex rebate sites do?

Forex rebate sites essentially work as middlemen for brokers. By offering rebates and other marketing efforts, they draw in potential traders to get them to open live accounts with forex brokers. In return, the brokers give these companies a share of the spread of every trade taken by the trader, a small portion of which is given back to the trader.

3. What don't forex rebate sites do?

Forex rebate sites are marketing machines - they don't actually provide clients with currency quotes, so you cannot hold them responsible for trade execution. All trade transaction issues rest solely with the broker.

4. Why do traders sign up with rebate sites?

Because rebate sites give a certain portion of every trade back (either in cash or in their trading accounts) at the end of the month, traders in effect end up paying less on their spreads. This can be a small boost to a trader's profits (or reduce their losses) by decreasing their transaction costs.

Another reason why some choose to go through these forex rebate companies is because they don't have enough capital to get the best spreads directly from brokers. Most brokers only offer their best (thinnest) spreads to their clients who trade in very large volumes.

5. Who is it best suited for?

Since the money you get in return depends on the number and size of the trades you take (regardless of whether these were winning trades or not), those who are most active and trade the biggest positions stand to benefit the most.

6. What are the dangers of forex rebates?

The danger lies in getting blinded by these rebates. Some may open a live account based on the attractiveness of the rebates alone, not considering the size of the broker's spread. If you're not paying attention, even with the rebate, you may still end up paying higher total transaction costs than other non-rebate options out there.
Also, it's always best to do a background check to make sure you're not getting scammed. Before you sign up with a forex rebate site, do your research on the company and find user feedback, just to confirm you're not walking into a scammer's trap!
Now, if you'd like to discuss and learn more about forex rebate sites,



 

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Forex Broker Rebates

 

If your currently trading with a broker or thinking about trading with a broker - if your not using forex trading rebates service, you are throwing money down the toilet.. period! All serious traders are utilizing trading commission refund services like this.
 

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You can trade with any forex broker you want, and receive a huge pip rebate/refund on all your trading commission & spreads from this day forward..forever. So every time you trade, you make money/save money, it really is that simple.

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IF you currently trade with a forex broker, anywhere in the world, you are paying a spread or commission every time you enter and exit a trade. Now I am about to share with you a way to force your existing broker/or a new broker to reduce those costs dramatically. This service can save you up to 0.7 pips per round turn trade (that is almost a full pip per trade discount). If you trade 1 lot per day, that is a saving of $255 per year. If you trade 2 lots per day, that’s a saving of $510 and so on and so on.

How they do it..
When a website or company introduces you (the client) to a forex broker, they are paid a commission, similar to a mortgage broker who introduces the client to the bank. Now, what if they started to share most of that juicy commission/rebate with you? It’s unheard of right? Until now, yet it was, but thanks to this great service, no longer will you be paying high spreads and commissions because your going to get a huge refund/rebate on every trade you make with any broker you trade with.

Take Action on This.
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I don’t want to sound to rude here, but if your not using this service, your are genuinely insane. Who ignores free money?
Once you sign up, all you have to do is follow the steps, and then you will start to get your chunky pip rebate on all your trades with ANY broker you choose to sign up with. I suggest ALL traders use this service no matter how small or large your account size is, your going to save genuine money. Sign up To Get Your Broker Rebates For Free Here

Summary
So in case you are having trouble understanding my message..I want you to go and sign up for this new Free Service , no matter how confused you are with my explanation above, I want you to do yourself a favor and go sign up, it’s going to save you serious dollars … I gaurantee it. I personally 100% stand behind this free service and would not recommend it to you if I didn’t know the people that run the operation, they are reputable and very above board. FYI – I get a small ongoing clip/ kickback from suggesting the service to you, so your also supporting me and the website. Please, do yourself a favor right now.. and Click Here to go sign up for free here.
 

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PipRebate.com Review

 

We are pleased to welcome PipRebate’s customers to our web-site and express our appreciation of your interest in our services.
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• Add residual income to your account.
• Reliable service and support.

How do i start earning cash rebates?

1. To start earning Pip Rebates, register a free PipRebate account.
2. After registering, view the broker comparison table or any other broker listing page on our site, and click on the broker you either want to open a trading account with or already have an account with.
3. If you are opening a new account follow the new account instructions, if you have an existing account you should follow the existing accounts instructions if they are present. At this page you can see more details about existing accounts instructions.
4. After logged in PipRebate Account Panel, go to the Brokerage account for add your account and start earn PipRebate, then go to the payment option page and complete the form to let us know what is your payment option.
5. We will add your PipRebate in some brokers in weekly and others monthly, for more detailed information please see brokers listing pages.

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How it works

You might be thinking, how is it possible that Pip Rebate is able to pay the traders for every trade (Win or Lose) that they place without really affecting, or causing adverse effects to the trading conditions? We can all talk about technicalities but we all understand that with this industry, time is of the essence so we would much rather go for the simpler equation. Here is the simplest answer as to how we make it possible: we are actually paid commission from the budget of the brokerage firms. As representatives of the brokerage firms to the market, we serve a marketing purpose for them. That means, every trade you place with them to use their services, that is equivalent to one client that we introduce to each broker. We are also called the referring broker.

As the commission comes in, we divide the commission with the higher advantage going to the traders and a small portion going to the site in order to compensate for the various needs of the site and its staff. The clients will get the conditions and spreads as if they made an account directly from the broker. There are no problems or issues concerning this process. The only difference would be that the client who chooses to use our services will get cash remuneration if they decided to use our services. On the entire web, our services at Pip Rebate are considered as one of the best and most widely renowned option for marketing.

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When and how will I receive my payment?
Rebates are paid on a weekly and monthly basis following the week or month commissions were earned in. The actual payment date varies based on the broker(s) and payment method you choose, please see the payments faq for more detailed information.

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How can I build a residual income stream by referring others to your website?

A great number of our clients have already created their own stream of residual income using the referral service that we offer to them for other traders. As a trader, all you need to do is to tell or inform other traders about our website and services using our affiliate link. If the trader that used your affiliate link used your services and earned cash back, you will too. And if they refer their other friends and these traders also earned rebates, then you will most certainly generate more commissions down the line. When you log in to your account, you just check your account and find the affiliate link.

The question now is: how much? The payment methods are three tiered. The first level is when you refer someone and that someone used our services and earned his rebates. You will receive 10% of the earnings of that person every month, not just once. Now, this person referred another person and s/he also made rebates. You will get 2% of the earnings of the second person apart from what you get from the first person. Then you get .5% from the third person. This is a fantastic way to actually get residual income and definitely get more from trading.

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