What’s the difference between FPA & FIE?

Dear Trader,

It should not be a surprise to anyone who has studied or traded the Forex markets that there is more than one way to trade these wonderful markets. Among traders, you have those who prefer to day trade only (5 – 60 minute bars), who may not be aware of the benefits of end of day trading (daily bars). And you have those who prefer to trade on an end of day trading basis only, who may not be aware of the benefits of day trading. And of course, there are many traders that day trade the Forex markets as well as trade on an end of day basis.

There is no one right way to do this. Both offer terrific profit potential. The key is to determine which of these approaches to the markets is right for you and in so doing you may find as many have that trading both end of day and day trading is the best way to maximize your profit potential.

It really comes down to how many tools you want in your traders’ toolbox. The more you have the more flexible and proficient you can be in your trading operations.

As many of you know, our Forex Profit Accelerator (FPA) course is designed for end of day trading that aims to capture the mega moves that occur over several days offering great profit potential. For the six major Forex pairs, applying FPA will usually give you several trade setups a week depending on market conditions. These setups are then evaluated for order entry and open position order management between 5PM and Midnight EST (New York).

Since launching FPA last year, we have had many of our students worldwide asking for us to also develop a Forex day trading course of the same scope and quality of FPA.

That led to the development of my new Forex Income Engine (FIE) course. We developed FIE by popular demand for those who have never traded the Forex markets and for those who are seasoned veterans as well and everybody in between who sense that these are great markets to trade with the guidance that a great trading method can provide.

FIE is designed specifically for day trading, aimed at capturing quick hit moves of 20 pips ($200 per standard lot) or more in a matter of minutes. FIE will usually give you several trade setups a day depending on market conditions in any time frame you desire to trade, 5 minute to 60 minute bars. This means wherever you may be around the world, you can turn on your trading platform at any time of the day or night and expect to find a good FIE setup within a few minutes for one or more of the six major pairs. It is not uncommon to be in and out of a trade that hits the primary profit target within 20 minutes.

If you are a current FPA student, I would encourage you to add FIE to your trading arsenal. If you are not yet an FPA student, I would encourage you to master FIE now and consider FPA when you’re ready to expand your toolbox.

I believe along with many of our students that if you are a trader or would like to become a trader that is really serious about taking advantage of these Forex markets then you want to have the best tools and trading methods in your trading arsenal. And once you master these methods, you will own them for life.

Good Trading,
Bill Poulos

(extracted from http://www.forexincomeengine.com/news3/?p=76 )

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