© Rio Financial Group 2006 1
www.forexwealth.com
Cooking In The Forex
 “The Forex can make your wildest dreams come true…BUT it is not a
get rich quick scheme...it requires work, study, continuous education,
discipline and perseverance”.  Scott Barkley
Thank you for taking the time to download this Cooking In The Forex
e-book.  First, let me say that I want you to succeed.  Like most traders, when I first saw the
Forex market I said to myself:
 “How hard can this be….you buy low and you sell high.  This is a cakewalk.”
Several thousand dollars in the hole later, I realized that it was not the cakewalk that I
envisioned.  I expect you are there also.
There are literally hundreds of Forex Training books out there.  I have read most of them.  I
picked up lots of pieces along the way.  That is one of the problems with trading.  As I explain
to my students, the Forex is like getting a 5000 piece jigsaw puzzle everyday, with all the
pieces mixed up and someone has taken away the box cover.  You must figure out what the
puzzle is by putting one piece at a time into the puzzle and then suddenly, one piece goes in
and you suddenly know what the box cover looks like.  All of the books I have read and all the
traders I have met have contributed their pieces of the puzzle.  
This is a Cookbook for the Forex.  I spent 15 years in the Restaurant
Industry.  In those days I was an avid collector of recipe books; but I
noticed one thing about all cookbooks.  In order to justify the high cost
of the cook book, they went on and on about how to make a dish and at
the end they could have told you how to do it in one page.  Frankly, I
don’t need three pages to tell me how to scramble eggs.  
That is the thought process behind this little book.  The Forex, while complex, is NOT THAT
HARD, and NOT THAT COMPLICATED.  There are lots of books on the market to tell you just
how hard it is.  This book is designed to distill the major pieces into a simple “easy to digest”
system.  I have trained hundreds of successful traders.  Many have gone on to far loftier
trading heights than I can ever attain.  I say that with pride since the greatest thing a Mentor
can do is point to a student who does better than they do.  EVERY successful trader  I have
ever met, sat under their tutelage, taught or interviewed can tell you EXACTLY how they trade,
what indicators they use and how they execute… in less than a minute.  Whatever system they © Rio Financial Group 2006 2
are using, it is always the KISS principle (Keep It Simple).  So if you are looking for
complicated systems and complicated answers skip this book.
However, if you are looking for some simple pieces to the puzzle that hopefully will take you to
the next level then read on.  
If you are a moderately experienced or experienced trader, skip the
first part.  It is boring but necessary for those just starting.
When it comes to successful Forex trading, there are two basic strategies used by the majority
of traders: fundamental analysis and technical analysis.
Fundamental Analysis
In fundamental analysis, Forex traders look for causes that might trigger market fluctuations.
These may include political activities, financial policies, growth rates and other factors.
As you can imagine, fundamental analysis of the Forex market can be fairly difficult. For that
reason, most traders use fundamental analysis only to predict long-term trends.
But a few use fundamental analysis for short-term trades. They review different currency value
indicators that are released several times throughout the day, such as:
9  Consumer Price Index
9  Purchasing Managers Index
&  Non-farm Payrolls (the mother of all Fundamental Announcements)
9  Retail Sales
9  Durable Goods
In addition, there are meetings held that provide quotes and commentary which may affect
markets. These meetings, such as those of the Federal Trade Commission, Federal Open
Market Committee, and Humphrey Hawkins Hearings, often discuss interest rates, inflation and
other issues that have the ability to affect currency values.
Examining the meeting reports and commentary can help Forex fundamental analysts to better
understand long-term market trends, and also allow  short-term traders to profit from
important activities and events.
If you decide to follow a fundamental analysis strategy, be sure to keep an economic calendar
that shows when these reports are released. Your broker may also be able to provide you with
real-time access to this kind of information via the internet.
Technical Analysis
The more popular strategy for Forex traders is the  technical analysis.Technical analysis of
Forex trading includes the use of graphs, charts and other methods of measuring past data to
see the indication of the rise and fall of currencies.
In other words, to spot trends.
This is similar to technical analysis for equity trading, except for the timeframe--Forex markets
are open 24 hours a day. Because of this, some forms of technical analysis that factor in time
must be modified so they will work with the 24-hour Forex market.
Note:  this e-book is for those interested in TECHNICAL ANALYSIS.  Fundamental
analysis is for the BIG institutional trader and is not addressed in this e-book. © Rio Financial Group 2006 3
Into the Kitchen – or what the heck is all this Forex
trading stuff about
In 1967, a Chicago bank refused a college professor by the name of
Milton Friedman a loan in pound sterling because he had intended to
use the funds to short the British currency. Friedman, had perceived
sterling to be priced too high against the dollar,  wanted to sell the
currency, then later buy it back to repay the bank after the currency
declined, thus pocketing a quick profit. The bank's refusal to grant the
loan was due to the Bretton Woods Agreement, established twenty
years earlier, which fixed national currencies against the dollar, and set
the dollar at a rate of $35 per ounce of gold.
The Bretton Woods Agreement, set up in 1944, aimed  at installing international monetary
stability by preventing money from fleeing across nations, and restricting speculation in the
world currencies Prior to the Agreement, the gold exchange standard--prevailing between 1876
and World War I--dominated the international economic system. Under the gold exchange,
currencies gained a new phase of stability as they  were backed by the price of gold. It
abolished the age-old practice used by kings and rulers of arbitrarily debasing money and
triggering inflation.
But the gold exchange standard didn't lack faults.  As an economy strengthened, it would
import heavily from abroad until it ran down its gold reserves required to back its money. As a
result, money supply would shrink, interest rates rose and economic activity slowed to the
extent of recession. Ultimately, prices of goods had hit bottom, appearing attractive to other
nations, which would rush into buying sprees that injected the economy with gold until it
increased its money supply, and drive down interest rates and recreate wealth into the
economy. Such boom-bust patterns prevailed throughout the gold standard until the outbreak
of World War I interrupted trade flows and the free movement of gold.
After the Wars, the Bretton Woods Agreement was founded, where participating countries
agreed to try and maintain the value of their currency with a narrow margin against the dollar
and a corresponding rate of gold as needed. Countries were prohibited from devaluing their
currencies to their trade advantage and were only allowed to do so for devaluations of less
than 10%. Into the 1950s, the ever-expanding volume of international trade led to massive
movements of capital generated by post-war construction. That destabilized foreign exchange
rates as set up in Bretton Woods.
The Agreement was finally abandoned in 1971, and the US dollar would no longer be
convertible into gold. By 1973, currencies of major industrialized nations became more freely
floating, controlled mainly by the forces of supply and demand which acted in the foreign
exchange market. Prices were floated daily, with volumes, speed and price volatility all
increasing throughout the 1970s, giving rise to new financial instruments, market deregulation
and trade liberalization.
In the 1980s, cross-border capital movements accelerated with the advent of computers and
technology, extending market continuum through Asian, European and American time zones.
Transactions in foreign exchange rocketed from about $70 billion a day in the 1980s, to more
than $1.5 trillion a day two decades later.
Free Floating Currencies
In 1971 and 1972 two more attempts at free-floating currency against the U.S. dollar, namely
the Smithsonian Agreement and the European Joint Float. The first was just a modification of
the Bretton-Woods accord with allowances for greater fluctuation, while the European one
aimed to reduce dependence of their currencies on the dollar. After the failure of each of these
agreements, nations were allowed to peg their currencies to freely float, and was actually © Rio Financial Group 2006 4
mandated to do so by 1978 by the IMF. The free-floating system managed to hold out for
several years, but many denominations had failed against the strong currencies.
The Euromarket
A major catalyst to the acceleration of foreign exchange trading was the rapid development of
the euro-dollar market; where US dollars are deposited in banks outside the US. Similarly,
Euromarkets are those where assets are deposited outside the currency of origin. The
Eurodollar market first came into being in the 1950s when Russia's oil revenue-- all in dollars -
- was deposited outside the US in fear of being frozen by US regulators. That gave rise to a
vast offshore pool of dollars outside the control of US authorities. The US government imposed
laws to restrict dollar lending to foreigners. Euromarkets were particularly attractive because
they had far less regulations and offered higher yields. From the late 1980s onwards, US
companies began to borrow offshore, finding Euromarkets a beneficial center for holding
excess liquidity, providing short-term loans and financing imports and exports.
London was, and remains the principal offshore market. In the 1980s, it became the key
center in the Eurodollar market when British banks began lending dollars as an alternative to
pounds in order to maintain their leading position  in global finance. London's convenient
geographical location (operating during Asian and American markets) is also instrumental in
preserving its dominance in the Euromarket.
The Birth of Euro
Although Europeans were already very comfortable with the concept of Forex trading, much of
the rest of the world were still unfamiliar with the territory. The establishment of the European
Union in 1992 gave birth to the euro seven years later, in 1999. The euro was the first singlecurrency used as legal currency for the member states in the European Union. It became the
first currency able to rival the historical leaders in the Foreign Exchange market and create the
stability that Europe and the Forex market had long desired.
Working in the kitchen (Forex Market)?
The Foreign Exchange market, also referred to as the "Forex" or "FX"
market is the largest financial market in the world, with a daily
average turnover of US$1.9 trillion -- 30 times larger than the
combined volume of all U.S. equity markets.
"Foreign Exchange" is the simultaneous buying of one currency and
selling of another. Currencies are traded in pairs, for example
Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).
There are two reasons to buy and sell currencies. About 5% of daily
turnover is from companies and governments that buy or sell
products and services in a foreign country or must convert profits made in foreign currencies
into their domestic currency. The other 95% is trading for profit, or speculation.
For speculators, the best trading opportunities are with the most commonly traded (and
therefore most liquid) currencies, called "the Majors." Today, more than 85% of all daily
transactions involve trading of the Majors, which include the US Dollar, Japanese Yen, Euro,
British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. © Rio Financial Group 2006 5
Distribution of Currency Pairs
USD/OTH
17%
USD/EUR
29%
USD/JPY
USD/GBP 20%
11%
USD/CHF
5%
USD/CAD
4%
USD/AUD
4%
EUR/OTH
2%
EUR/CHF
EUR/GBP 1%
2%
EUR/JPY
3%
OTHER
2%
Source: Stocks & Commodities Dec 03’
A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe
as the business day begins in each financial center, first to Tokyo, London, and New York.
Unlike any other financial market, investors can respond to currency fluctuations caused by
economic, social and political events at the time they occur - day or night.
The FX market is considered an Over The Counter (OTC) or 'interbank' market, due to the fact
that transactions are conducted between two counterparts over the telephone or via an
electronic network. Trading is not centralized on an exchange, as with the stock and futures
markets.
Understanding Forex Rates
Reading a foreign exchange quote may seem a bit confusing at first. However, it's really quite
simple if you remember two things: 1) The first currency listed first is the base currency and 2)
the value of the base currency is always 1.
The US dollar is the centerpiece of the Forex market and is normally
considered the 'base' currency for quotes. In the "Majors", this
includes USD/JPY, USD/CHF and USD/CAD. For these currencies and
many others, quotes are expressed as a unit of $1 USD per the second
currency quoted in the pair. For example, a quote of USD/JPY 110.01
means that one U.S. dollar is equal to 110.01 Japanese yen.
When the U.S. dollar is the base unit and a currency quote goes up, it means the dollar has
appreciated in value and the other currency has weakened. If the USD/JPY quote we previously
mentioned increases to 113.01, the dollar is stronger because it will now buy more yen than
before.
The three exceptions to this rule are the British pound (GBP), the Australian dollar (AUD) and
the Euro (EUR). In these cases, you might see a quote such as GBP/USD 1.7366, meaning that
one British pound equals 1.7366 U.S. dollars. © Rio Financial Group 2006 6
In these three currency pairs, where the U.S. dollar is not the base rate, a rising quote means
a weakening dollar, as it now takes more U.S. dollars to equal one pound, euro or Australian
dollar.
In other words, if a currency quote goes higher, that increases the value of the base currency.
A lower quote means the base currency is weakening.
Currency pairs that do not involve the U.S. dollar are called cross currencies, but the premise
is the same. For example, a quote of EUR/JPY 127.95 signifies that one Euro is equal to 127.95
Japanese yen.
When trading the Forex you will often see a two-sided quote, consisting of a 'bid' and 'offer'.
The 'bid' is the price at which you can sell the base currency (at the same time buying the
counter currency). The 'ask' is the price at which you can buy the base currency (at the same
time selling the counter currency).
Forex Trading Advantage
A 24-hour market - A trader may take advantage of all profitable market conditions at any
time. There is no waiting for the opening bell.
High liquidity - The Forex market with an average trading volume of over $1.3 trillion per
day. It is the most liquid market in the world. It means that a trader can enter or exit the
market at will in almost any market condition minimal execution marries or risk and no daily
limit.
Low transaction cost - The retail transaction cost (the bid/ask spread) is typically less than
0.1% (10 pips or points) under normal market conditions. At larger dealers, the spread could
be smaller.
Uncorrelated to the stock market - A trader in the Forex market involves selling or buying
one currency against another. Thus, there is no correlation between the foreign currency
market and the stock market. Bull market or a bear market for a currency is defined in terms
of the outlook for its relative value against other currencies. If the outlook is positive, we have
a bull market in which a trader profits by buying the currency against other currencies.
Conversely, if the outlook is pessimistic, we have  a bull market for other currencies and
traders take profits by selling the currency against other currencies. In either case, there is
always a good market trading opportunity for a trader.
Inter-bank market - The backbone of the Forex market consists of a global network of
dealers. They are mainly major commercial banks that communicate and trade with one
another and with their clients through electronic networks and telephones. There are no
organized exchanges to serves a central location to facilitate transactions the way the New
York Stock Exchange serves the equity markets. The  Forex market operates in a manner
similar to the way the NASDAQ market in the United States operates, thus it is also referred to
as an over the counter ( OTC ) market.
No one can corner the market - The Forex market is so vast and has so many participants
that no single entity, not even a central bank, can control the market price for an extended
period of time. Even interventions by mighty central banks are becoming increasingly
ineffectual and short lived. Thus central banks are becoming less and less inclined to intervene
to manipulate market prices.
For info regarding your rights as a trader check out:
http://www.cftc.gov/cftc/cftchome.htm © Rio Financial Group 2006 7
The following Graphic shows the AVERAGE MOVEMENT in a Currency cross during each market
session.
The following is an introduction to some of the basic terms and concepts used in Forex trading.
Foreign Exchange
The simultaneous buying of one currency and selling of another.
Foreign Exchange Market
An informal network of trading relationships between the world's major banks and other
market participants sometimes referred to as the 'interbank' market. The foreign exchange
market has no central clearinghouse or exchange, and is considered an over-the-counter
(OTC) market.
Spot Market
Market for buying and selling currencies usually for settlement within two business days (the
value date). USD/CAD = 1 day.
Rollover
The process whereby the settlement of a transaction is rolled forward to the next value date,
typically at 5PM EST/10PM GMT. If you open a position on Monday, the settlement date is
Wednesday, however, if you hold this position past rollover on Monday, the new value date is
Thursday. Most brokers will automatically roll over your open positions, allowing you to hold a
position for an indefinite period of time. The cost of this process is based on the interest rate
differential between two currencies. Depending on your broker's rollover policy, if you are
holding a currency with a higher rate of interest in the pair, you will earn interest, however if
you are holding a currency with a lower rate of interest in the pair, you will pay it.
Exchange Rate
The value of one currency expressed in terms of another. For example, if the EUR/USD
exchange rate is 1.3200, 1 Euro is worth US$1.3200.
Market Maker
A market maker provides liquidity in a particular financial instrument and stands ready to buy
or sell that instrument by displaying a two-way price quote. A market maker takes the
opposite side of your trade. © Rio Financial Group 2006 8
Broker
A firm that matches buyer and seller together for a fee or a commission.
Pip
The smallest price increment a currency can make. Also known as points. For example, 1 pip =
0.0001 for EUR/USD, or 0.01 for USD/JPY.
Lot
The standard unit size of a transaction. Typically, one standard lot is equal to 100,000 units of
the base currency, and 10,000 units for a mini.
Pip Value
The value of a pip. To calculate pip value, divide 1 pip by the exchange rate and then multiply
it by the number of units traded. So for example, to calculate the pip value for USD/CHF,
divide 0.0001 by the current exchange rate of 1.2765 and multiply it by 100,000 to get a pip
value of $7.83. For EUR/USD, divide 0.0001 by the current exchange rate of 1.2075 and
multiply it by 100,000 to get a pip value of €8.28. To convert this back to US dollars, multiply
it by the current exchange rate of 1.2075 to get a pip value of $10.
Spread
The difference between the sell quote and the buy quote. For example, if the quote for
EUR/USD reads 1.3200/03, the spread is the difference between 1.3200 and 1.3203, or 3 pips.
In order to break even on your trade, your position must move in your direction by an amount
equal to the spread.
Standard Account
Trading with standard lot sizes
Mini Account
Trading with mini lot sizes
Margin
The deposit required to open a position. A 1% margin requirement allows you to trade a
$100,000 lot with a $1,000 deposit.  A mini account is 1/10
th
 of a standard account.  A 1%
margin requirement allows you to trade a $10,000 lot with a $100 deposit.  
Leverage
The effective buying power of your funds expressed as a ratio. Calculated by the amount of
times the notional value of your transaction exceeds the margin required to trade. e.g. 100:1
leverage allows you to control a $100,000 position  with a $1,000 deposit.  You can get
leverages as high as 400:1 with some brokers.
Long Position
A position whereby the trader profits from an increase in price. (Buy low, sell high)
Short Position
A position whereby the trader profits from a decrease in price. (Sell high, buy lower)
Market Order
An order at the current market price
Entry Order
An order that is executed when the price touches a pre-specified level © Rio Financial Group 2006 9
Limit Entry Order
An order to buy below or sell above the market at a pre-specified level, believing that the price
will reverse direction from that point.
Stop-Entry Order
An order to buy above or sell below the market at a pre-specified level, believing that the price
will continue in the same direction from that point.
Limit Order
An order to take profits at a pre-specified level
Stop-Loss Order
An order to limit losses at a pre-specified level
OCO Order
One Cancels the Other. Two orders whereby if one is executed, the other is cancelled.
Slippage
The difference in pips between the order price and the price the order is executed at.
Ok, now you know your way around the kitchen, let’s go cook! © Rio Financial Group 2006 10
In order to really cook in the Forex you need a few ingredients
to be successful:
1. OUTSTANDING TOOLS
2. UNDERSTANDING OF TECHNICAL ANAYLSIS
3. MONEY MANAGEMENT
4. PSYCHOLOGY OF TRADING
We’ll look at each one and see its importance to Cooking in the Forex
and especially to the KISS principle.
Ingredient #1 - OUTSTANDING TOOLS
Just as a chef needs a stove, broiler and utensils to create their masterpieces, you will need
the proper tools to create your masterpieces (Trades).
Broker/Dealing Platform
First you will need a reputable Broker
to deposit your money into YOUR
account.  The Broker must have a
FAST RELIABLE platform, quote tight
spreads, not have any slippage and
NOT HARVEST YOUR STOPS (the
practice of phantom spikes that only
appear on their charts and take out
your stops for a loss).  I have used
many and have found those that are
lousy and those that are good and
would be happy to steer you in the
right direction.
Email me at  brokers@4xwealth.com
for my brokers.
FANTASTIC CHARTING
Second you need phenomenal charts.
This is where you do your recipe prep
work EVERY TRADING DAY…so they
need to be FANTASTIC.  I have used
free charts to outrageously expensive
charts and NONE compares to these
charts.  We spent over 3 years
developing Charts for Traders.  Imagine
Traders developing charts for Traders!
These charts have the added advantage
of giving EXTREMELY RELIABLE Entry
and Exit signals and confirmation signals
built into the charting system.  
Email me at charts@4xwealth.com for
my charting system. © Rio Financial Group 2006 11
Ingredient #2 - THE MEAT - UNDERSTANDING OF
TECHNICAL ANAYLSIS
Ok, this is where most traders fail to truly put their effort.  If you want to
make Chateaubriand, you have to use prime tenderloin NOT hamburger!
Most traders opt for the shortcuts because they want to make money fast.
They erroneously think (as I did) that this market  is simple and should
propel you into stratospheric money making in weeks.  NOT SO.  Most traders can see the
market (after the fact) but make the mistake of NOT understanding the WHY of the market
move and concentrate on just getting an entry and then clicking their profit out WAY TO SOON.
In order to be successful you have to learn to “LET YOUR WINNERS RUN and CLICK
YOUR LOSSES OUT EARLY”.  Unfortunately, for the vast majority of traders it is just the
opposite.  We let our “LET OUR LOSERS RUN and CLICK OUR WINNERS OUT EARLY”.    
WHY?
For most traders it is a combination of the emotions of Fear and  Greed and the LACK OF
KNOWLEDGE IN ANALYZING THE MARKET.  Fear and Greed we’ll tackle when we look at
the psychological factors that play in trading.  Most novice traders don’t know where the
market will go so they take any small profit just so they can have a winner.  Sound familiar?  
If you take only 5 pips on a trade and then accept one loser with a 30 pip stop, it takes you 6
trades in a row JUST TO BREAK EVEN.  You have to trade at 90%+ to stay ahead of this losing
curve.
Real Traders know EXACTLY where the market should go and do everything in their power to
stay in the trade until that destination is reached.  In other words: they analyze the market,
determine where it should go, then at the opportune moment they enter the trade (not too
early or you live with a large drawdown – a move AGAINST you), manage it to a profitable
position and then manage it to the destination.
Surprisingly, this analysis is not that hard, has
predictable results and does not require that you be
a rocket scientist.  There are four things that you
have to know.  If you know these four things you
should have a fairly good idea of where the big boys
are going.  
In my workshops I call this being the “tick on
an elephant”.  An elephant can go pretty much
wherever it wants to go.  The Elephant is the Big
Boys – bankers, hedge funds, large corporations
who are the ones who really move the market.  We
are the tick - we just want to bite onto the elephant
and go wherever he is going. It takes me 3 days
non-stop in a workshop to drive the information
about where the elephant is going and then it takes
a lot of practice.  First you practice on a Demo, then a Mini and finally (if you really get it) on a
standard account. © Rio Financial Group 2006 12
Big Boys (the elephant) have a vested interest in going to certain places in the market.  Why,
is a secret I can’t tell you (or I’d have to kill you as the movie says HA!), but suffice it to say
that their destination is predictable, whether going long or short.  We’ll call these spices for our
cooking.  It is not any one that makes the flavor of the dish but the COMBINED FLAVORS
that make a dish really special…in this case your trade.
Here are the four things:
1. The trend
2. Fibonacci levels
3. Previous supports and/or resistance
4. Divergence
So let’s look at each of these SPICES for our trade
The trend
You’ve probably heard the following motto: "the trend is your friend".
Finding the trend will help you become aware of the overall market
direction.  The Big Boys have no problem finding the trend because
they use the 240 min and higher charts.  These larger charts are ideally suited for identifying
the longer-term trend.  Our problem is we can’t trade these charts because we don’t have all
the money in the world.  But the elephant is using these charts to determine his direction so;
we MUST find and use the same trend that the elephant is using.
How do you do that?  Regardless of what charts you are using you need to always determine
the trend of the Big Boys.  You change your chart to a 240 minute (sometimes a day) chart
and plot the trend.
TIP: YOU HAVE TO THINK LIKE THE ELEPHANT WHEN YOU ARE DETERMINING
THIS TREND.
Big Boys          You © Rio Financial Group 2006 13
Here we have a 240 minute chart.  We can see immediately that we have come off a high from
the previous up trend and are now beginning to trend down.  So what is the elephant thinking?
Remember that 95% of the trading in the Forex is SPECULATIVE so the Elephant is only
thinking about one thing; where is the most profit?
Of all the possibilities for the elephant the MOST profit is going short (selling) and they have
already moved substantially in that direction to achieve it.  Yes there are still lots of Bulls in
this market (the big boys who want to still go up)  but the Bears (those going short) have
wrested control of the market away from the bulls (at least temporarily) so the Bears are now
in control.  You can see that by the bright red color of the candles.  These are Bear candles.
So we’ll trend this DOWN for now!  But we don’t enter a trade down until it proves it! © Rio Financial Group 2006 14
It looks like this:
Once you have found the overall trend, you move that trend down to the time
horizon in which you wish to trade – typically the 5,10,15 or 30 minute chart for
our level of trading – tick trading (as in the insect biting onto the elephant). Once
you know the big boys trend, you can buy on the dips during rising trends, and sell
the rallies during downward trends.
NEVER TRADE AGAINST THE TREND OF TODAY!
Now here is a tasty morsel!
If we were going to actively trade this market we would ONLY BE INTERESTED in the
next two hours (yes I know it is a 24 hour market but the big boys are rich and only
need to actually work two hours at a time), so it is important to see who is in control on
the 120 minute chart.  So we’ll change this chart to a 2 hour (120 minute chart).  If you
are using good charts (not free ones) this information will transfer down to the 120
minute chart. © Rio Financial Group 2006 15
So we’ll move to the 120 minute chart to see what it looks like from this vantage point.  If you
are using great charts, the trend you put on the 240 will move down to the 120 when you open
it.  It looks like this:
They only really have two choices: continue north which would be a “BREAKOUT” of the
current trend or crash into the trendwall and turn  south.  The degree of probability is
determined by the dominant trend.  We simply need to WAIT FOR THE REACTION.
THE WAIT TRADE:  
Not one person in the history of trading has ever lost one
dime trading the WAIT TRADE.  It is the hardest trade to
master – staying OUT OF THE MARKET until the reaction
has occurred and then taking the trade when it sets up,
proves itself and comes to you.  © Rio Financial Group 2006 16
Here is what our trend looks like on a chart we can trade – the 15 minute chart (the trendline
is carried down from the upper chart time compressions).  You can also see that the reaction is
only a few pips away.  
Once you have the Trend figured out and you are WILLING TO WAIT FOR THE REACTION.
You now need to know where this movement has the potential to move.  Should it break north
the next stop would be back to the top. This would create a DOUBLE TOP and is common in the
Forex Market (as are triple tops).  But since the greatest Profit is SOUTH/SHORT, we need to
use Fibonacci ratios (Fibs) to predict its movement.  So we will be interested in the Fib ratios
BELOW US.  Will it trade to there?  No one knows – you just plan your trade and WHEN it
does what you have planned to do, you react as the market reacts.
Fibonacci Levels
Fibonacci ratios are the basis of many Forex trading systems used by
a great number of professional Forex brokers around the globe, and
many billions of dollars are profitably traded every year based on
these trading techniques.
Fibonacci was an Italian mathematician and he is best remembered
by his world famous Fibonacci sequence, the definition of this
sequence is that it’s formed by a series of numbers where each number is the sum of the two
preceding numbers; 1, 1, 2, 3, 5, 8, 13 ...But in the case of currency trading what is more © Rio Financial Group 2006 17
important for the Forex trader is the Fibonacci ratios derived from this sequence of numbers,
i.e. .500, .382, .618, etc.
Your own body uses Fibonacci ratios. If they weren’t there, you could not walk.
Fibonacci ratios or FIBS as they are called are extensively used in the Forex Market.  Fibs are
used on every single chart compression.  
The market uses them  AFTER a move to determine where to get in to continue the move.
This is called a retracement. The typical entry point is the .500 (or 50%) retracement to
resume the up trend or down trend although any Fib value can be used.  You can think of it as
we had a 30 pip move down and no one is interested  in continuing on unless they get a
discount.  So the market  RETRACES to a known fib ratio like the 50% and then money is
enticed back into the market.  Sort of like going to Wal-Mart and no one wants to buy socks
today, so you will hear an announcement  “ATTENTION WAL-MART shopper.  There will be a
50% discount on Hanes socks today for all those in the store for the next 30 minutes”. Now
anyone in the store who may have a need for socks are now enticed into making that
purchase.
The enticement works in trading just as it does at Wal-Mart.  
.382
.500
.618 © Rio Financial Group 2006 18
In trading it looks like this:
But for novice traders, one of the least used aspects of Fibs is that the elephant uses these Fib
ratios on the 240, day or larger charts as his TARGETS!  So if you want to know where the
elephant is going you go back to a 240 chart and put the Fib ratios on IN THE DIRECTION
OF THE TREND to see where the elephant is heading.  And guess what?  You can know this
BEFORE a move occurs!
Here is a BEFORE and AFTER on the 240 minute chart in an uptrend.  We use the LAST trend
to determine where the elephant is going.  WHY?  
Because that is precisely the information that the
elephant is using. © Rio Financial Group 2006 19
Before:
After
One thing that CAN stop these targets from getting hit is previous support or resistance.
If the elephant runs into HISTORICAL support in an Uptrend (or the reverse in a downtrend)
it has the possibility to turn the market early.  This is because PREVIOUS SUPPORT acts
as RESISTANCE in the future and PREVIOUS RESISTANCE acts as SUPPORT in the
future. So let’s understand this. © Rio Financial Group 2006 20
Previous Supports and/or Resistance
Support and resistance levels are points where a chart experiences
recurring upward or downward pressure. A support level is usually
the low point(s) in any chart pattern (hourly, 240 minute, weekly
or annually), whereas a resistance level is the high or the peak
point of the pattern. These points are identified as support and
resistance when they show a tendency to reappear. It is best to
buy/sell near support/resistance levels that are unlikely to be
broken.
Once these levels are broken, they tend to become the opposite obstacle. Thus, in a rising
market, a resistance level that is broken, could serve as a support for the upward trend,
whereas in a falling market; once a support level is broken, it could turn into a resistance.
Let’s look at the chart above with a support line put on and see the reactions that occur at this
point.   REMEMBER: PREVIOUS SUPPORT acts as RESISTANCE in the future and
PREVIOUS RESISTANCE acts as SUPPORT in the future.  I have taken the Fibs off so that
it does not confuse you.
So since the market REACTS at this historical support level you have to know where it is! © Rio Financial Group 2006 21
This last Seasoning is how you determine if the market is going to reverse.  It is called
divergence and unlike other indicators that you might use on a chart it is a  LEADING
INDICATOR!
A note about indicators: All indicators that chart companies use are LAGGING
indicators EXCEPT for four!  The four that are not lagging are the four we are talking
about.  That is where so many new traders get caught.  They rely on lagging indicators
to tell them the market is going to do something and do not learn how to use the four
indicators we are using.  Our business is  ANTICIPATION.  Therefore, lagging
indicators, while nice, are about  WHAT IS HAPPENING NOW, not what we can
ANTICIPATE happening!
Divergence
Divergence is a key concept in trading Forex. When a pattern shifts
out of the norm, it is a signal that something is either fundamentally
or technically different.  When divergence occurs, trading
opportunities come with it.
A MACD is the tool we use to show divergence.  It is called a MACD
because it stands for Moving Average Convergence Divergence.
When the market is trending is it CONVERGING and the MACD shows that convergence.  But
as the trend begins to fall apart, the MACD starts to trend in the opposite direction of the
trend.  This is called DIVERGENCE.  It means that the market is potentially setting up to
reverse direction.  Now the problem is that no one knows exactly when the reversal will come,
but the probability is very high at a point where multiple factors come together at the same
place to produce the momentum needed to reverse an  entire market.  In other words a
REACTION!
I’ll bet you can’t guess what those factors are?  Yep, that’s right.  At a point where the
Trendwall (from a higher compression chart like a 240 minute), a fib (from a higher
compression chart like a 240 minute), and a historical support or resistance (from a higher
compression chart like a 240 minute) all come together to produce the environment that is
right for a reversal.
Another tasty morsel!
Divergence is present when the Price action (trend) of the candlesticks is going the
OPPOSITE way of the MACD.
You can find divergence on any chart.  I like the 60 minute since it is high enough (and 1/4
th
 of
a higher compression chart like a 240 minute), and still small enough for me to take advantage
of any move it precedes.
If divergence is present and I am trading in the direction of the trend, it tells me to stay really
close to the movement by keeping my stop tight.  The reversal could come at any time. © Rio Financial Group 2006 22
Here’s a picture of divergence in an uptrend foretelling a move down: © Rio Financial Group 2006 23
Here’s the result:
Now that we have assembled all our ingredients:
• Awesome charting,
• A fast reliable Broker and Trading Platform
• Seasoning/Spices: Trend, Fibs, Support and resistance
• Divergence,
We can now trade IF we have two more things.  Believe it or not the last two things are MORE
IMPORTANT THAN THE FORMER.
They are:
1. Money management
2. Trading Psychology
If you don’t manage your money you will be out of business and the only way to trade is to
have your trading psychology in place. © Rio Financial Group 2006 24
Ingredient #3 - Forex Money Management
Money management is a critical point that shows the difference
between winners and losers. It was proved that if 100 traders start
trading using a system with 60% winning odds, only 5 traders will be
in profit at the end of the year. In spite of the 60% winning odds,
95% of traders will lose because of their poor money management.
Money management is the most significant part of any trading
system. Most traders don't understand how important it is.
It's important to understand the concept of money management and
understand the difference between it and trading decisions. Money
management represents the amount of money you are going to put
on one trade and the risk you're going to accept for this trade.
There are different money management strategies. They all aim at preserving your balance
from high risk exposure.
Utilizing Stop Loss Order
A stop-loss is an order linked to a specific position for the purpose of closing that position and
preventing the position from accruing additional losses. A stop-loss order placed on a Buy (or
Long) position is a stop-loss order to Sell and close that position. A stop-loss order placed on a
Sell (or Short) position is a stop-loss order to Buy and close that position. A stop-loss order
remains in effect until the position is liquidated or the client cancels the stop-loss order. As an
example, if an investor is Long (Buy) USD at 120.27, they might wish to put in a stop-loss
order to Sell at 119.49, which would limit the loss on the position to the difference between the
two rates (120.27-119.49) should the dollar depreciate below 119.49. A stop-loss would not be
executed and the position would remain open until the market trades at the stop-loss level.
Stop-loss orders are an essential tool for controlling your risk in currency trading.
Managing Trade and Margin account Risk
Your risk per trade should never exceed 10% per
trade if you are starting out with a small margin or a
mini.
You should start and probably stay in a mini account.  The vast majority of traders never
trade over 10 standard lots which is 100 minis.  A mini account is a broker created hybrid
where they aggregate your trade with thousands of others and actual enter the trade as
standard lots.  This is because the bankers who are taking the actual orders don’t recognize
anything less than a full lot so the broker essentially makes them up from yours and thousands
of other traders.  You can trade 500 mini lots so there is no need to open a standard account
unless you are full of ego and just want to say you are.  If that is the case, you should close
this book and get out of the kitchen since ego will ruin you in this business.
Reality is that 10% is way too high also, but it is very hard to get ahead trading a mini for 20-
50+ pips profit and getting your mini account to any substantial amount.  It's better to adjust
your risk to 1% or 2%. We prefer a risk of 1-3% but if you are confident in your trading
system then you can lever your risk up to 5%.  So start with a mini and if your capital in your
margin account is low, risk NO MORE THAN 10%.  As soon as you start pulling ahead adjust
the size of your risk DOWNWARD.
The most important rule is to stick to the 1 -3% risk rule. Never risk too much in one trade.
It's a fatal mistake when a trader lose 2 or 3 trades in a row, then he will be confident that his
next trade will be winning and he may add more money to this trade. This is how you can blow © Rio Financial Group 2006 25
up your account in a short time! A disciplined trader should never let his emotions and
greed control his decisions.
If you have 2% of your margin at risk and you lose on that trade, you still have 98% of your
margin left and you can get it back tomorrow.
Diversification
Trading one currency pair may only generate a few entry signals. It would
be better to diversify your trades between several currencies. If you have
$100,000 balance and you have an open position with $10,000 then your
equity is $90,000. If you want to enter a second position then you should
calculate 1% risk of your equity not of your starting balance! It means that
the second trade risk should never be more than $900. If you want to enter
a 3rd position and your equity is $80,000 then the risk per 3rd trade should
not exceed $800.
It's important that you diversify your orders between currencies that have low correlation.
For example, if you are long on the EUR/USD then you shouldn't go long on the GBP/USD since
they have high correlation. This is because in both cases you are actually trading the same
thing…which way the dollar is moving.  If the dollar is rising and you sold short you will be
losing in BOTH TRADES!  If you are long EUR/USD and GBP/USD positions and risking 3% per
trade then your risk is 6% since the trades will tend to end in same direction. The same is true
when trading the USDCHF.  It has an inverse relationship with the EURUSD and therefore will
always be trending the opposite way.  So you shouldn’t trade both the EURUSD and the
USDCHF, pick one or the other but not both.  A better strategy is to trade one USD cross and
then a EUR cross.  I prefer the EURJPY and the GBPJPY.
Another tasty morsel!
The GBPJPY scares new traders away because it has a 9 pip entry.  However, what on
the surface looks scary, actually works for you.  Because the spread is high on this
cross, there are no scalpers in this currency so only the elephants trade it.  The
elephants tend to trend really nicely.  It is not uncommon to see 200-800 pip trends in
this cross.
If you want to trade both EUR/USD and GBP/JPY for example,  and your standard position size
from your money management is $10,000 (1% risk rule) then you can trade $5,000 EUR/USD
and $5,000 GBP/USD. In this way, you will be risking 0.5% on each position.
Money management strategy
First, your initial stop should be based on the last previous support or resistance on the chart
(depending on whether you are short or long).  If you have great charting software like mine,
you actually get great signals that eliminate large drawdowns.  Set you stop 3-5 pips
above/below this previous support/resistance on an ODD NUMBER.  
Another tasty morsel!
The market has a tendency to go to even numbers so a number you WANT TO GET
HIT (your limit) should always be on an even number)  A number you DON’T WANT
TO GET HIT (your stop) put on an odd number.
Here’s what I do.
• Buying:  After entry and up 15 PIPS, move stop 1 Pip above entry
• Selling: After entry and up 15 PIPS, move stop 1 Pip below entry
• ASAP  move to 5 PIPS above entry © Rio Financial Group 2006 26
• Let the currency breathe (move up and down) but stay with it (moving your
stop as it continues its move until it hits the 240 minute trendwall, a 240 fib or
historical support/resistance on the 240 minute chart.  Obviously you will not
always get there.  
Someone once said “If you aim at nothing you will surely hit it”.
The Martingale and Anti-Martingale Strategy
It's very important to understand these 2 strategies.
Martingale rule = increasing your risk when losing!
This is a strategy adopted by gamblers which claims that you should increase the size of
you trades when losing. It's applied in gambling in the following way: Bet $10, if you
lose bet $20, if you lose bet $40, if you lose bet $80, if you lose bet $160.etc
This strategy assumes that after 4 or 5 losing trades, your chance to win is bigger so
you should add more money to recover your loss! The truth is that the odds are same
in spite of your previous loss! If you have 5 losses in a row, still your odds for the 6th
bet are 50:50! The same fatal mistake can be made by
some novice traders. For example, if a trader started
with a balance of $10,000 and after 4 losing trades
(each is $1,000) his balance is $6000. The trader will
think that he has higher chances of winning the 5th
trade then he will increase the size of his position 4
times to recover his loss. If he loses, his balance will be
$2,000!! He will never recover from $2,000 to his
starting balance of $10,000. A disciplined trader
should never use such gambling methods unless
he wants to lose his money in a short time.
Anti-martingale rule = increase your risk when winning & decrease your risk when losing
It means that the trader should adjust the size of  his positions according to his new
gains or losses.
Example: Trader A starts with a balance of $10,000. His standard trade size is $1,000.
After 6 months, his balance is $15,000. He should adjust his trade size to $1,500.
Trader B starts with $10,000. His standard trade size is $1,000. After 6 months his
balance is $8,000. He should adjust his trade size to $800.
Below is the famous Turtles strategy – not the band for you old folks
If you lose a trade, on your next trade only risk 80% of your former margin % (you have 10K
– can risk $1000 (10%) BUT next trade only put $800) until you get your loss back. © Rio Financial Group 2006 27
Ingredient #4 - PSYCHOLOGY IN TRADING
The Forex market is moved by fear and greed.  These are EMOTIONS
that affect the market.  Essentially you are watching a giant auction for
money.  Fear and greed are part of Psychology.  They are emotions
and ABSOLUTELY need to be exorcised from your trading style.
Something happens to traders when they move from a  demo where
they have been very successful to real money.  They start to lose.
WHY?  That something is Psychology.  Most of us can master the
techniques of trading but mastering the gray matter between your ears
is a different matter altogether.
In order to pull the trigger on live trades you have to be confident in:
1. Your charts – that they are giving you a great set up and entry and exit signal
2. Your Broker – that he will give you a fast reliable quote and won’t harvest your stops
3. Your Technical Analysis (the meat and seasoning) - did you do the work so you know
where the elephant is going.
4. Your Trade and Margin Risk – will this trade totally ruin your life if it goes wrong.
5. Your System – all of the above as it all comes together
If so you are prepared to trade IF your individual psychology is in place.
The following is from http://www.turtletrader.com/know.html
Trading Psychology: Knowing Yourself Is Key
Knowing yourself means understanding how you’re likely to behave under various
circumstances. Over the past couple of decades, behavioral finance researchers have
developed a clearer understanding of the psychological traps investors fall in. The best way for
you to avoid these traps is to become aware of them, the forms they take, and which you are
most likely to fall into.
Here are five common pitfalls:
Over-confidence. Researchers have found that people consistently overrate their abilities,
knowledge, and skill—especially in areas outside of their expertise. Investors must seek and
weigh quality feedback and stay within their circle of competence.
Anchoring and adjusting. In considering a decision, we often give disproportionate weight to
the first information we receive, hence anchoring our subsequent thoughts. You can mitigate
this risk by seeking information from a variety of sources and viewing various perspectives.
Improper framing. The decisions of investors are affected by how a problem, or set of
circumstances, is presented. Even the same problem framed in different, and objectively equal,
ways can cause people to make different choices. Framing, too, plays a central role in
assessing probabilities.
Irrational escalation of a commitment. Investors tend to make choices that justify past
decisions, even when circumstances change. To avoid this trap, investors must only consider
future costs and benefits. © Rio Financial Group 2006 28
Confirmation trap. Investors tend to seek out information that supports their existing point
of view while avoiding information that contradicts their opinion. Psychologist Thane Pittman’s
slip of tongue sums it up: “I’ll see it when I believe it.”
You must also understand how you tend to react under stress. People with different personality
profiles behave in dissimilar ways when stressed. Here again, self-awareness and some basic
techniques to offset suboptimal behavior go a long way. Pearson declares, “A gambler’s ace is
his ability to think clearly under stress. That’s very important, because, you see, fear is the
basis of all mankind....That’s life. Everything’s mental in life.”
There are some real genius’s in this end of the market and I will not even attempt to touch
their expertise.  I ask every trader that I teach to  NOT TRADE LIVE  until they have read
these three books.
1. The Disciplined Trader by Mark Douglas
2. Trading In The Zone by Mark Douglas
3. Trading to Win by Ari Kiev M.D.
I ask them to read each book and highlight areas with a highlighter.  I then ask them to read
the highlighted areas ONCE A MONTH.  REREAD each book at least once a year!  
You should do the same.
Suffice it to say that what you need to know about the Psychology of Trading is locked up in
those books and  these cookbooks are WORTH THE MONEY. They are NOT about how to
trade from the technical side but how to trade from the “head” aspect.
In a nutshell however, trading is first of all being confident of your system.  Then being
confident that you have done the work and feel that you have a handle on where the elephant
is going.  
Another tasty morsel!
The time to THINK is BEFORE the market moves.  When it
starts to exhibit behavior that you have planned for:  REACT
when the market REACTS in the way you have planned.
Actually cooking and creating your masterpiece (trade)
1. Use your ingredients
2. Season well (trend, fibs, historical support and resistance and
divergence)
3. Use the above to THINK about your trade BEFORE you make it.
If you get it wrong CLICK OUT IMMEDIATELY.
4. REACT when the market reacts the way you have planned to
trade
5. Determine BEFORE  you trade to stay in the trade until it moves to the elephants
destination
6. Manage your margin by always risking a small amount of your trading capital – But risk
you must.
7. Make a list of your rules that you will use to trade and then NEVER BREAK THEM!
8. Keep a daily trade log and write WHAT YOU LEARNED EACH DAY!
9. Review this every week © Rio Financial Group 2006 29
Why would I write this e-book and give it away?
I am genuinely interested in seeing traders succeed.  The sad story is
that many will not.  You’ve probably already read the statistics that
97% of all traders FAIL.  WHY do these people FAIL?
#1 They fail to get educated.  Would a doctor start a practice
without going to medical school?  Would a plumber start a plumbing
business without being certified?  Would an accountant start accounting
without getting an accounting degree?  Yet every day well meaning,
smart people jump into the Forex with both feet and their money and
decide to trade  against professional traders.   The Forex is a zero
sum game.  That means that losers pay winners.  Professional
traders have all been trained to succeed in this market and the only
way they succeed is that they need losers!  Guess where you come in?
#2 They give up.  After a series of losses most people say, “Well the Forex wasn’t for me”.
Of course they were never trained, they didn’t have a clue what the elephant was doing and
they were trying to be successful against people who are trained to take their money.
WHO ARE THE 3% WHO SUCCEED?
The ones who are really serious about trading - NEVER GIVE UP and GET EDUCATED.  
I really hope this e-book helps you get to a higher level.  If you think about it, you are at least
taking a small step towards getting educated.  Maybe you will be one of the few who is a
natural. Every business has its naturals: Tiger Woods in golf, Michael Jordan in basketball,
Donald Trump in real estate, to name a few. But please note that all those naturals learned
their profession through hard work and practice.  The reality in the Forex is: that while a few
chosen ones are naturals, most are not.  I suspect  that you, like me, fall into the latter
category.   Some of the traders who read this book will eventually come to the
realization that they need some personal coaching.  That is where I come in.  I am a
professional trader who, once a month stops and helps others learn to do what I do in a
comprehensive 3 day workshop.  
Why?  Because someone did exactly that for me.
If this e-book helps you trade better and go to the next level … GREAT!  If you still see the
horizon, but can’t quite get there. If you still see the horizon, but you WON'T GIVE UP, then
you are the type of trader I like to work with.
I have trained traders the world over:  
• Some of my traders have won trading awards and Broker contests
• Some have become Professional Managed Funds traders
• Some just gave up the day job to commute 15 steps to their home office  
• Some got to stay home and be with their kids while they grew up
• Some made a lot of money
• Some help me with my Romanian Orphans
• Some just trade part time to supplement their retirement
Regardless, they NEVER GAVE UP and they LEARNED how to cook in the Forex Kitchen.   © Rio Financial Group 2006 30
FOREX WORKSHOPS
My workshops are intensive 3 day sessions where we learn all of the ingredients and all of their
nuances.  That’s right 3 days!  During that time we will also TRADE live in the market putting
what we learn to practice.  If you attend one of my workshops, I will never touch your
computer – you will do it.  You will learn by doing not learning about trading.  Reality is that
the information is so much that you will barely retain 60% of what you are taught the first
time through.  We know that and so we allow you to repeat the workshop as many times as
you want for  FREE!   You are immediately entered into our mentoring program so that you
have the ongoing help you need.
 In your Learn to Trade the Forex Workshop you will
learn how and  WHY the market moves, how to
anticipate and profit from those moves and learn and
UNDERSTAND 4+ proprietary trades that have
extremely high success rates when properly confirmed
and executed using our proprietary charting software.
BUT IT DOESN’T STOP THERE.
We built our Mentoring program to provide the ongoing assistance that traders need. To
facilitate that we have incorporated all this:
• We have weekly online interactive training calls to teach you how to recognize our
trades and how to spot the setups.  Here we’ll hammer home the secrets to better
setups, determining the trend and how to let your profits run and cut your losers
quickly.
• Two weekly subscriber calls to teach you the nuances of our trades and setups.
• Personal one on one coaching when you run into bumps in the road
• Periodic complete online workshops so you can attend the full workshop AFTER you
have attended a live workshop without travel costs.
• Our  charting software was developed to give SUPERIOR entry and exit signals and
confirm  high probability trades using our color coded technology and proprietary
trading indicators.  Match that with proven technical analysis techniques form your
workshop and you have a blueprint for success.
We’ll prove it to you!
 Simply revisit our website  www.forexwealth.com or email me at
info@forexwealth.com and we’ll give you a  FREE LIVE DEMO of our
methodology and charting software. If you really are serious about the Forex,
you won’t give up, but you think that you might need a little more help,
contact me and we’ll talk.
I will NEVER pressure you or try and sell you something.  A decision to change
your life is one you should make all by yourself with no pressure from someone else.
I hope to hear from you.
Scott Barkley © Rio Financial Group 2006 31
About the Author:
Scott Barkley is the President of Rio Financial Group located in Austin, Texas. Scott has a
Masters in Business Administration from Colombia State University and graduated from the
institute For Latin American Studies in Cuernavaca, Mexico. Scott was an entrepreneur who
owned several restaurants, was a business consultant for both Hilton and Sheraton hotels and
spent 21 years in the international sales arena, working for companies like Vivendi, in Paris
France, Culligan International and ROC Software. During the demise of the technology sector,
Scott started an internet marketing company called Accelerated Marketing International and
during this time was introduced to FOREX trading.  He learned from his Mentor, but only after
trying to do it himself  in the School Of Hard Knocks (can you say “been there-done that”).
Throughout his business career, Scott has taught complex concepts and reduced them to
simple to grasp techniques. This is evidenced by his writing and producing the Bible Trek
(www.bibletrek.com) - a 5 lesson course through the entire Bible ....and UNDERSTAND IT.
That course is currently taught in Africa, Eastern Europe, Korea, and Latin America as well as
throughout the USA and is additionally shown on cable TV.
In 2003 Scott was awarded the International Forex Development
Award for his work in the UK.  Then in both 2004 and 2005 he was
awarded The Global Forex Award.
While awards are fantastic, Scott’s greatest reward is seeing his
personally trained students go on to success.  Besides financially
successful students, Scott’s first student has won the FXCM King of
the Mini contest. Success is measured in even greater ways as
students have gone on to do terrific philanthropic work.  Like one
student who uses his Forex income to fund a hospital boat on the
Mekong River in Viet Nam.  This boat is manned by 4 full time
doctors giving out free medical care to those to poor to afford it.
Not to be outdone, Scott heads up an alcohol and drug rehab
ministry and is personally involved in a summer camp for 500-700
disadvantaged kids in Romania and  a children’s ministry to over
2000 Romanian children.  He also is very involved in a campus
ministry in Bucharest, Romania and a personal involvement in 7
Romanian Orphanages.  He personally is in Romania 3-4 times a year and is a featured
speaker in 7 business Universities in Bucharest, Romania. Scott has three children - all grown
up girls and a very supportive wife.
Rio Financial Group's primary objective is to develop new Foreign Currency Traders who seek
financial freedom, both individual and group, are available by the Rio Financial Group
worldwide, to help others learn the trading skills necessary to succeed in the Forex.
www.forexwealth.com© Rio Financial Group 2006 32
THE ALL IMPORTANT DISCLAIMER  or I never told you that you might get burned or cut
your hand in the kitchen.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all
investors. Before deciding to trade foreign exchange you should carefully consider your
investment objectives, level of experience, and risk appetite. The possibility exists that you
could sustain a loss of some or all of your initial investment and therefore you should not
invest money that you cannot afford to lose. You should be aware of all the risks associated
with foreign exchange trading, and seek advice from an independent financial advisor if you
have any doubts.  Traders should confirm entries before making a decision to enter the
market.  We recommend that all Rio Financial Group traders should always be very selective
with entries while using tight stops.  See disclaimer at:  http://www.forexwealth.com
www.forexwealth.com http://www.goldennumber.net/Cooking_In_The_Forex.pdf