Wednesday, 19 July 2017

Trading System Book


Sistem Perdagangan Emisi UE (EU ETS) Sistem perdagangan emisi UE (EU ETS) adalah landasan kebijakan UE untuk memerangi perubahan iklim dan alat utamanya untuk mengurangi emisi gas rumah kaca secara efektif. Ini adalah pasar karbon utama pertama di dunia dan tetap menjadi pasar terbesar. Beroperasi di 31 negara (semua 28 negara Uni Eropa ditambah Islandia, Liechtenstein dan Norwegia) membatasi emisi dari lebih dari 11.000 instalasi penggunaan energi berat (pembangkit listrik pabrik industri) dan perusahaan penerbangan yang beroperasi di antara negara-negara ini mencakup sekitar 45 dari emisi gas rumah kaca Uni Eropa. Sistem cap dan trade EU ETS bekerja berdasarkan prinsip cap dan trade. Sebuah tutup diatur pada jumlah total gas rumah kaca tertentu yang dapat dipancarkan oleh instalasi yang ditutupi oleh sistem. Topi berkurang dari waktu ke waktu sehingga total emisi turun. Di dalam topi itu, perusahaan menerima atau membeli tunjangan emisi yang bisa mereka tukar satu sama lain sesuai kebutuhan. Mereka juga dapat membeli sejumlah kecil kredit internasional dari proyek hemat emisi di seluruh dunia. Batas jumlah tunjangan yang tersedia memastikan bahwa mereka memiliki nilai. Setelah setiap tahun perusahaan harus menyerahkan cukup tunjangan untuk menutupi semua emisinya, jika tidak, denda berat dikenakan. Jika sebuah perusahaan mengurangi emisinya, perusahaan dapat menyimpan tunjangan cadangan untuk memenuhi kebutuhan masa depan atau menjualnya ke perusahaan lain yang kekurangan tunjangan. Perdagangan membawa fleksibilitas yang memastikan emisi dipotong di tempat yang harganya paling sedikit untuk melakukannya. Harga karbon yang kuat juga mendorong investasi dalam teknologi bersih dan rendah karbon. Fitur utama dari fase 3 (2013-2020) EU ETS sekarang berada pada tahap ketiga yang berbeda secara signifikan dari fase 1 dan 2. Perubahan utamanya adalah: Satu, sebagian Uni Eropa mengenai emisi berlaku di tempat sistem tutup nasional sebelumnya Lelang adalah metode default untuk mengalokasikan tunjangan (bukan alokasi gratis), dan aturan alokasi yang disesuaikan berlaku untuk uang saku yang masih diberikan Secara gratis Sektor dan gas lainnya mencakup 300 juta tunjangan yang disisihkan di New Entrants Reserve untuk mendanai penyebaran teknologi energi terbarukan yang inovatif dan penangkapan dan penyimpanan karbon melalui program NER 300 Sektor dan gas yang tercakup Sistem ini mencakup sektor dan gas berikut dengan Fokus pada emisi yang dapat diukur, dilaporkan dan diverifikasi dengan tingkat akurasi yang tinggi: karbon dioksida (CO 2) dari sektor industri energi intensif dan pembangkit energi panas termasuk kilang minyak, pekerjaan baja dan produksi besi, aluminium, logam, semen , Kapur, kaca, keramik, pulp, kertas, kardus, asam dan bahan kimia organik massal penerbangan komersial nitrous oxide (N 2 O) dari produksi Asam nitrat, adipat dan glikoksilat dan perfluorokarbon glioksin (PFC) dari produksi aluminium Partisipasi di ETS UE adalah wajib bagi perusahaan di sektor ini. Tetapi di beberapa sektor hanya tanaman di atas ukuran tertentu yang termasuk instalasi kecil tertentu dapat dikecualikan jika pemerintah menerapkan langkah fiskal atau tindakan lain yang akan mengurangi emisi mereka dengan jumlah yang setara di sektor penerbangan, sampai 2016 ETS UE hanya berlaku untuk penerbangan Antara bandara yang berada di European Economic Area (EEA). Menyampaikan pengurangan emisi ETS Uni Eropa telah membuktikan bahwa menempatkan harga pada karbon dan perdagangan di dalamnya dapat berjalan dengan baik. Emisi dari instalasi dalam skema tersebut jatuh seperti yang diperkirakan sekitar 5 dibandingkan dengan awal tahap 3 (2013) (lihat angka 2015). Pada tahun 2020. Emisi dari sektor yang dicakup oleh sistem akan menjadi 21 lebih rendah dari tahun 2005. Mengembangkan pasar karbon Didirikan pada tahun 2005, EU ETS adalah sistem perdagangan emisi internasional pertama dan terbesar di dunia, terhitung selama tiga perempat perdagangan karbon internasional. EU ETS juga mengilhami pengembangan perdagangan emisi di negara dan wilayah lain. Uni Eropa bertujuan untuk menghubungkan ETS UE dengan sistem lain yang kompatibel. Peraturan EU ETS Utama Laporan pasar karbon Revisi EU ETS untuk tahap 3 Pelaksanaan Legislatif Sejarah Petunjuk 200387EC Bekerja sebelum proposal Komisi Proposal Komisi Oktober 2001 Reaksi komisi terhadap pembacaan proposal di Dewan dan Parlemen (termasuk dewan umum) Terbuka Semua pertanyaan Pertanyaan dan Jawaban mengenai Sistem Perdagangan Emisi UE yang direvisi (Desember 2008) Apa tujuan dari perdagangan emisi Tujuan Sistem Perdagangan Emisi UE (EU ETS) adalah untuk membantu Negara-negara Anggota UE mencapai komitmen mereka untuk membatasi atau mengurangi gas rumah kaca Emisi dengan biaya yang efektif. Membiarkan perusahaan yang berpartisipasi untuk membeli atau menjual tunjangan emisi berarti pemotongan emisi dapat dicapai setidaknya biaya. EU ETS adalah landasan strategi EU untuk memerangi perubahan iklim. Ini adalah sistem perdagangan internasional pertama untuk emisi CO 2 di dunia dan telah beroperasi sejak tahun 2005. Pada tanggal 1 Januari 2008, peraturan tersebut tidak hanya berlaku untuk 27 Negara Anggota UE, namun juga kepada tiga anggota dari European Economic Area Norwegia, Islandia dan Liechtenstein. Saat ini mencakup lebih dari 10.000 instalasi di sektor energi dan industri yang secara kolektif bertanggung jawab atas hampir separuh emisi UE dari CO2 dan 40 dari total emisi gas rumah kaca. Sebuah amandemen terhadap EU ETS Directive yang disepakati pada bulan Juli 2008 akan membawa sektor penerbangan masuk ke sistem dari 2012. Bagaimana cara kerja perdagangan emisi EU ETS adalah sistem perdagangan dan topi, artinya menaikkan tingkat emisi keseluruhan yang diperbolehkan namun , Dalam batas itu, memungkinkan peserta dalam sistem untuk membeli dan menjual tunjangan sesuai kebutuhan. Tunjangan ini adalah mata uang perdagangan umum di jantung sistem. Satu tunjangan memberi pemegang hak untuk memancarkan satu ton CO2 atau setara dengan gas rumah kaca lain. Batas jumlah tunjangan menciptakan kelangkaan di pasar. Pada periode perdagangan pertama dan kedua di bawah skema tersebut, Negara-negara Anggota harus menyusun rencana alokasi nasional (RAN) yang menentukan tingkat emisi ETS mereka total dan berapa banyak tunjangan emisi yang dipasang setiap instalasi di negara mereka. Pada akhir setiap tahun instalasi harus menyerahkan tunjangan setara dengan emisi mereka. Perusahaan yang mempertahankan emisinya di bawah tingkat tunjangan mereka dapat menjual kelebihan kelebihan mereka. Mereka yang menghadapi kesulitan dalam menjaga emisi mereka sesuai dengan tunjangan mereka memiliki pilihan antara mengambil tindakan untuk mengurangi emisi mereka sendiri seperti berinvestasi pada teknologi yang lebih efisien atau menggunakan sumber energi intensif karbon atau membeli tunjangan tambahan yang mereka butuhkan di pasar, atau Kombinasi keduanya. Pilihan seperti itu kemungkinan akan ditentukan oleh biaya relatif. Dengan cara ini, emisi dikurangi dimanapun biaya yang paling efektif untuk melakukannya. Sudah berapa lama ETS Uni Eropa beroperasi ETS Uni Eropa diluncurkan pada tanggal 1 Januari 2005. Periode perdagangan pertama berlangsung selama tiga tahun sampai akhir tahun 2007 dan merupakan pembelajaran dengan melakukan fase untuk mempersiapkan periode perdagangan kedua yang penting. Periode perdagangan kedua dimulai pada 1 Januari 2008 dan berlangsung selama lima tahun sampai akhir 2012. Pentingnya periode perdagangan kedua berasal dari kenyataan bahwa bersamaan dengan periode komitmen pertama Protokol Kyoto, di mana Uni Eropa dan negara-negara lain Negara industri harus memenuhi target mereka untuk membatasi atau mengurangi emisi gas rumah kaca. Untuk periode perdagangan kedua, emisi ETS UE telah dibatasi sekitar 6,5 di bawah tingkat 2005 untuk membantu memastikan bahwa UE secara keseluruhan, dan Negara-negara Anggota secara individu, menyampaikan komitmen Kyoto mereka. Apa pelajaran utama yang dipetik dari pengalaman sejauh ini ETS Uni Eropa telah menetapkan harga karbon dan membuktikan bahwa perdagangan emisi gas rumah kaca bekerja. Periode perdagangan pertama berhasil membangun perdagangan bebas tunjangan emisi di seluruh UE, menerapkan infrastruktur yang diperlukan dan mengembangkan pasar karbon dinamis. Manfaat lingkungan dari tahap pertama mungkin terbatas karena alokasi tunjangan yang berlebihan di beberapa Negara Anggota dan beberapa sektor, terutama karena ketergantungan pada proyeksi emisi sebelum data emisi terverifikasi tersedia di bawah ETS UE. Ketika publikasi data emisi terverifikasi untuk tahun 2005 menyoroti alokasi berlebihan ini, pasar bereaksi seperti yang diharapkan dengan menurunkan harga pasar tunjangan. Ketersediaan data emisi yang diverifikasi telah memungkinkan Komisi untuk memastikan bahwa pembatasan alokasi nasional di bawah tahap kedua ditetapkan pada tingkat yang menghasilkan pengurangan emisi secara nyata. Selain menggarisbawahi kebutuhan akan data yang terverifikasi, pengalaman sejauh ini telah menunjukkan bahwa harmonisasi yang lebih besar dalam EU ETS sangat penting untuk memastikan bahwa UE mencapai tujuan pengurangan emisi setidaknya biaya dan dengan distorsi kompetitif minimal. Kebutuhan akan harmonisasi lebih jelas sehubungan dengan bagaimana tutup pada tunjangan emisi secara keseluruhan ditetapkan. Dua periode perdagangan pertama juga menunjukkan bahwa metode nasional yang sangat berbeda untuk mengalokasikan tunjangan untuk instalasi mengancam persaingan yang sehat di pasar internal. Selanjutnya, harmonisasi, klarifikasi dan penyempurnaan yang lebih besar diperlukan sehubungan dengan ruang lingkup sistem, akses terhadap kredit dari proyek pengurangan emisi di luar UE, kondisi untuk menghubungkan ETS UE ke sistem perdagangan emisi di tempat lain dan pemantauan, verifikasi dan persyaratan pelaporan. Apa perubahan utama pada EU ETS dan kapan akan berlaku Perubahan disetujui akan berlaku pada periode perdagangan ketiga, yaitu Januari 2013. Sementara persiapan akan segera dimulai, peraturan yang berlaku tidak akan berubah sampai Januari 2013 Untuk memastikan stabilitas peraturan dipertahankan. ETS Uni Eropa pada periode ketiga akan menjadi sistem yang lebih efisien, lebih harmonis dan adil. Peningkatan efisiensi dicapai dengan jangka waktu perdagangan yang lebih lama (8 tahun, bukan 5 tahun), penurunan emisi yang kuat dan tahunan (21 penurunan pada tahun 2020 dibandingkan tahun 2005) dan peningkatan yang substansial dalam jumlah pelelangan (dari kurang dari 4 Pada fase 2 sampai lebih dari setengah pada fase 3). Harmonisasi yang lebih banyak telah disepakati di banyak bidang, termasuk sehubungan dengan penetapan batas (tutupan EU-lebar daripada topi nasional pada fase 1 dan 2) dan peraturan untuk alokasi bebas transisi. Keadilan sistem telah meningkat secara substansial oleh langkah menuju peraturan alokasi bebas Uni Eropa untuk instalasi industri dan dengan diperkenalkannya mekanisme redistribusi yang memberi hak kepada negara-negara anggota baru untuk melelang lebih banyak tunjangan. Bagaimana teks terakhir dibandingkan dengan proposal Komisi awal Target iklim dan energi yang disepakati oleh Dewan Eropa Musim Semi 2007 telah dipelihara dan keseluruhan arsitektur proposal Komisi mengenai ETS UE tetap utuh. Artinya, akan ada satu tutup Uni Eropa untuk jumlah tunjangan emisi dan tutup ini akan turun setiap tahunnya sepanjang garis tren linier, yang akan berlanjut melampaui akhir periode perdagangan ketiga (2013-2020). Perbedaan utama dibandingkan dengan proposal tersebut adalah bahwa pelelangan tunjangan akan bertahap secara lebih lambat. Apa saja perubahan utama dibandingkan dengan proposal Komisi Singkatnya, perubahan utama yang telah diajukan terhadap proposal tersebut adalah sebagai berikut: Negara-negara Anggota tertentu diijinkan pengurangan sementara dan sementara dari peraturan tersebut sehingga tidak ada tunjangan yang dialokasikan secara gratis. Ke generator listrik sampai 2013. Pilihan untuk mengurangi tersedia bagi Negara-negara Anggota yang memenuhi persyaratan tertentu yang berkaitan dengan interkonektivitas jaringan listrik mereka, pangsa satu bahan bakar fosil dalam produksi listrik, dan GDPcapita sehubungan dengan rata-rata EU-27. Selain itu, jumlah tunjangan gratis yang dapat dialokasikan oleh Negara Anggota ke pembangkit listrik terbatas pada 70 emisi karbon dioksida dari pabrik yang relevan pada tahap 1 dan menurun pada tahun-tahun berikutnya. Selanjutnya alokasi gratis di tahap 3 hanya bisa diberikan kepada pembangkit listrik yang sedang beroperasi atau dalam pembangunan paling lambat akhir 2008. Lihat balas pertanyaan 15 di bawah ini. Akan ada rincian lebih lanjut dalam Petunjuk mengenai kriteria yang akan digunakan untuk menentukan sektor atau sub-sektor yang dianggap terkena risiko kebocoran karbon yang signifikan. Dan tanggal publikasi awal daftar Komisi sektor tersebut (31 Desember 2009). Selain itu, untuk meninjau kapan tercapai kesepakatan internasional yang memuaskan, instalasi di semua industri yang terbuka akan menerima 100 tunjangan gratis sejauh mereka menggunakan teknologi yang paling efisien. Alokasi bebas untuk industri terbatas pada pangsa emisi industri ini dalam total emisi pada tahun 2005 sampai 2007. Jumlah total tunjangan yang dialokasikan secara gratis untuk instalasi di sektor industri akan menurun setiap tahunnya seiring dengan turunnya tutup emisi. Negara-negara Anggota juga dapat mengkompensasi instalasi tertentu untuk biaya CO2 yang diteruskan dengan harga listrik jika biaya CO2 dapat mengungkapkan risiko kebocoran karbon tersebut. Komisi telah melakukan modifikasi pedoman Komunitas bantuan negara untuk perlindungan lingkungan dalam hal ini. Lihat balasan ke pertanyaan 15 di bawah ini. Tingkat pelelangan tunjangan untuk industri yang tidak terkena dampak akan meningkat secara linier seperti yang diusulkan oleh Komisi, namun daripada mencapai 100 pada tahun 2020, akan mencapai 70, dengan tujuan mencapai 100 pada tahun 2027. Seperti yang diramalkan dalam proposal Komisi , 10 dari tunjangan pelelangan akan didistribusikan ulang dari Negara-negara Anggota dengan pendapatan per kapita yang tinggi kepada mereka yang memiliki pendapatan per kapita rendah untuk memperkuat kemampuan keuangan yang terakhir untuk berinvestasi dalam teknologi ramah iklim. Ketentuan telah ditambahkan untuk mekanisme redistributif lain dari 2 tunjangan lelang untuk memperhitungkan Negara-negara Anggota yang pada tahun 2005 telah mencapai pengurangan paling sedikit 20 emisi gas rumah kaca dibandingkan dengan tahun referensi yang ditetapkan oleh Protokol Kyoto. Bagian dari pendapatan lelang yang direkomendasikan oleh Negara-negara Anggota untuk bertarung dan beradaptasi terhadap perubahan iklim terutama di dalam UE, tetapi juga di negara-negara berkembang, meningkat dari 20 menjadi 50. Teks tersebut memberikan sebuah top-up ke tingkat yang diizinkan yang diusulkan Penggunaan kredit JICDM dalam 20 skenario untuk operator yang ada yang menerima anggaran terendah untuk mengimpor dan menggunakan kredit tersebut sehubungan dengan alokasi dan akses terhadap kredit pada periode 2008-2012. Sektor baru, pendatang baru pada periode 2013-2020 dan 2008-2012 juga akan bisa menggunakan kredit. Jumlah total kredit yang mungkin digunakan akan, bagaimanapun, tidak melebihi 50 dari pengurangan antara tahun 2008 dan 2020. Berdasarkan pengurangan emisi yang lebih ketat dalam konteks kesepakatan internasional yang memuaskan, Komisi dapat mengizinkan akses tambahan ke CER dan ERU untuk Operator dalam skema Komunitas. Lihat balasan ke pertanyaan 20 di bawah ini. Hasil pelelangan 300 juta tunjangan dari cadangan pendatang baru akan digunakan untuk mendukung hingga 12 proyek dan proyek demonstrasi penangkapan dan penyimpanan karbon yang menunjukkan teknologi energi terbarukan yang inovatif. Sejumlah kondisi melekat pada mekanisme pembiayaan ini. Lihat balasan ke pertanyaan 30 di bawah ini. Kemungkinan untuk memilih keluar instalasi pembakaran kecil asalkan mereka tunduk pada langkah-langkah ekuivalen telah diperluas untuk mencakup semua instalasi kecil terlepas dari aktivitasnya, ambang emisi telah meningkat dari 10.000 menjadi 25.000 ton CO2 per tahun, dan ambang kapasitas yang Instalasi pembakaran harus dipenuhi selain telah dinaikkan dari 25MW menjadi 35MW. Dengan peningkatan ambang batas ini, porsi emisi tertutup yang berpotensi dikeluarkan dari sistem perdagangan emisi menjadi signifikan, dan akibatnya ketentuan telah ditambahkan untuk memungkinkan pengurangan yang sesuai dari tutup Uni Eropa mengenai tunjangan. Akankah masih ada rencana alokasi nasional (NAP) No. Dalam NAP mereka untuk periode perdagangan pertama (2005-2007) dan kedua (2008-2012), Negara-negara Anggota menetapkan jumlah total tunjangan yang harus dikeluarkan dan bagaimana hal tersebut Akan dialokasikan untuk instalasi yang bersangkutan. Pendekatan ini telah menghasilkan perbedaan yang signifikan dalam aturan alokasi, menciptakan insentif bagi setiap Negara Anggota untuk mendukung industri mereka sendiri, dan telah menyebabkan kompleksitas yang tinggi. Dari periode perdagangan ketiga, akan ada satu tutup dan tunjangan EU-wide yang dialokasikan berdasarkan peraturan yang harmonis. Oleh karena itu, rencana alokasi nasional tidak diperlukan lagi. Bagaimana cap emisi pada tahap 3 ditentukan Aturan untuk menghitung tutup Uni Eropa adalah sebagai berikut: Dari tahun 2013, jumlah total tunjangan akan menurun setiap tahun secara linier. Titik awal dari baris ini adalah jumlah total tunjangan rata-rata (batas 2 fasa) yang akan dikeluarkan oleh Negara-negara Anggota untuk periode 2008-12, disesuaikan untuk mencerminkan cakupan sistem yang diperluas dari tahun 2013 dan juga instalasi kecil mana pun Negara telah memilih untuk dikecualikan. Faktor linier dimana jumlah tahunan akan menurun adalah 1,74 dalam kaitannya dengan tutupan fasa 2. Titik awal untuk menentukan faktor linier 1,74 adalah pengurangan 20 keseluruhan gas rumah kaca dibandingkan tahun 1990, yang setara dengan penurunan 14 dibandingkan tahun 2005. Namun, pengurangan yang lebih besar diperlukan dari ETS UE karena lebih murah untuk mengurangi Emisi di sektor ETS. Pembagian yang meminimalkan pengurangan biaya keseluruhan adalah: pengurangan 21 emisi sektor ETS UE dibandingkan tahun 2005 pada tahun 2020 merupakan pengurangan sekitar 10 dibandingkan tahun 2005 untuk sektor-sektor yang tidak tercakup dalam EU ETS. Penurunan 2120 pada 2020 menghasilkan cap ETS pada tahun 2020 dari jumlah maksimum 1720 juta tunjangan dan menyiratkan cap tahap 3 rata-rata (2013 sampai 2020) dari sekitar 1846 juta tunjangan dan pengurangan 11 dibandingkan dengan cap tahap 2. Semua angka mutlak ditunjukkan sesuai dengan cakupan pada awal periode perdagangan kedua dan oleh karena itu jangan memperhitungkan penerbangan, yang akan ditambahkan pada tahun 2012, dan sektor lain yang akan ditambahkan pada tahap 3. Angka terakhir untuk kenaikan emisi tahunan Pada tahap 3 akan ditentukan dan diterbitkan oleh Komisi pada tanggal 30 September 2010. Bagaimana cap emisi di luar fase 3 ditentukan Faktor linier 1,74 yang digunakan untuk menentukan tutupan tahap 3 akan terus berlanjut melampaui akhir periode perdagangan di 2020 dan akan menentukan tutup untuk periode perdagangan keempat (2021 sampai 2028) dan seterusnya. Hal ini dapat direvisi paling lambat 2025. Sebenarnya, pengurangan emisi yang signifikan sebesar 60-80 dibandingkan tahun 1990 akan diperlukan pada tahun 2050 untuk mencapai tujuan strategis untuk membatasi kenaikan suhu rata-rata global hingga tidak lebih dari 2C di atas tingkat pra-industri. Tutupan tunjangan emisi EU-lebar akan ditentukan untuk setiap tahun. Apakah ini mengurangi fleksibilitas untuk instalasi yang bersangkutan Tidak, fleksibilitas untuk instalasi tidak akan berkurang sama sekali. Setiap tahun, tunjangan yang dilelang dan didistribusikan harus dikeluarkan oleh pihak yang berwenang pada tanggal 28 Februari. Tanggal terakhir bagi operator untuk menyerahkan tunjangan adalah 30 April tahun setelah tahun di mana emisi terjadi. Jadi operator menerima tunjangan untuk tahun berjalan sebelum mereka harus menyerahkan tunjangan untuk menutupi emisi mereka untuk tahun sebelumnya. Tunjangan tetap berlaku selama periode perdagangan dan tunjangan surplus sekarang dapat digunakan untuk digunakan pada periode perdagangan berikutnya. Dalam hal ini, tidak ada yang akan berubah. Sistem ini akan tetap berbasis pada periode perdagangan, namun periode perdagangan ketiga akan bertahan delapan tahun, dari tahun 2013 sampai 2020, berlawanan dengan lima tahun untuk tahap kedua dari tahun 2008 sampai 2012. Untuk periode perdagangan kedua, Negara-negara Anggota pada umumnya memutuskan untuk mengalokasikan yang sama Jumlah total tunjangan untuk setiap tahun. Penurunan linier setiap tahun dari tahun 2013 akan sesuai dengan tren emisi yang diharapkan selama periode tersebut. Berapakah angka cap ETS tahunan tentatif untuk periode 2013 sampai 2020 Angka kenaikan tahunan tentatif adalah sebagai berikut: Angka-angka ini didasarkan pada cakupan ETS sebagaimana berlaku pada tahap 2 (2008 sampai 2012), dan keputusan Komisi mengenai Rencana alokasi nasional untuk tahap 2, sebesar 2083 juta ton. Angka-angka ini akan disesuaikan karena beberapa alasan. Pertama, penyesuaian akan dilakukan untuk mempertimbangkan perluasan cakupan pada fase 2, dengan syarat Negara-negara Anggota menyetujui dan memverifikasi emisi yang diperoleh dari perpanjangan ini. Kedua, penyesuaian akan dilakukan sehubungan dengan perluasan lebih lanjut lingkup ETS pada periode perdagangan ketiga. Ketiga, setiap penyisihan instalasi kecil akan menghasilkan pengurangan tutup yang sesuai. Keempat, angka tersebut tidak memperhitungkan masuknya penerbangan, atau emisi dari Norwegia, Islandia dan Liechtenstein. Akankah tunjangan masih dialokasikan secara gratis Ya. Instalasi industri akan menerima alokasi bebas transisi. Dan di Negara-negara Anggota yang memenuhi syarat untuk penghindaran opsional, pembangkit listrik dapat, jika Negara Anggota memutuskan demikian, juga menerima tunjangan gratis. Diperkirakan setidaknya setengah dari tunjangan yang tersedia pada 2013 akan dilelang. Meskipun sebagian besar tunjangan telah dialokasikan secara cuma-cuma untuk instalasi pada periode perdagangan pertama dan kedua, Komisi mengusulkan agar pelelangan tunjangan harus menjadi asas dasar untuk alokasi. Hal ini karena pelelangan terbaik memastikan efisiensi, transparansi dan kesederhanaan sistem dan menciptakan insentif terbesar untuk investasi dalam ekonomi rendah karbon. Ini paling sesuai dengan prinsip polluter pays dan menghindari memberi keuntungan windfall ke sektor-sektor tertentu yang telah melewati biaya nosional dari tunjangan kepada pelanggan mereka meskipun menerima secara gratis. Bagaimana tunjangan diberikan secara gratis Pada tanggal 31 Desember 2010, Komisi akan mengadopsi peraturan EU-wide, yang akan dikembangkan berdasarkan prosedur komite (Comitology). Aturan-aturan ini akan menyelaraskan sepenuhnya alokasi dan dengan demikian semua perusahaan di seluruh UE dengan kegiatan yang sama atau serupa akan tunduk pada peraturan yang sama. Aturan tersebut akan memastikan sejauh mungkin bahwa alokasi tersebut mempromosikan teknologi hemat karbon. Aturan yang diadopsi menetapkan bahwa sejauh memungkinkan, alokasi didasarkan pada apa yang disebut tolok ukur, mis. Sejumlah tunjangan per jumlah output historis. Aturan seperti itu memberi penghargaan kepada operator yang telah melakukan tindakan awal untuk mengurangi gas rumah kaca, lebih baik mencerminkan prinsip pencemar membayar dan memberi insentif lebih kuat untuk mengurangi emisi, karena alokasi tidak lagi bergantung pada emisi historis. Semua alokasi harus ditentukan sebelum dimulainya periode perdagangan ketiga dan tidak ada penyesuaian ex-post yang diizinkan. Instalasi mana yang akan menerima alokasi gratis dan tidak akan Bagaimana dampak negatif terhadap daya saing dihindari Dengan mempertimbangkan kemampuan mereka untuk meneruskan kenaikan biaya tunjangan emisi, pelelangan penuh adalah peraturan mulai 2013 dan seterusnya untuk pembangkit listrik. Namun, Negara-negara Anggota yang memenuhi persyaratan tertentu yang berkaitan dengan interkonektivitas atau bagian mereka dari bahan bakar fosil dalam produksi listrik dan PDB per kapita sehubungan dengan rata-rata EU-27, memiliki opsi untuk sementara menyimpang dari peraturan ini sehubungan dengan pembangkit listrik yang ada. Tingkat pelelangan pada tahun 2013 setidaknya 30 dalam kaitannya dengan emisi pada periode pertama dan harus meningkat secara progresif menjadi 100 paling lambat tahun 2020. Jika opsi tersebut diterapkan, Negara Anggota harus melakukan investasi dalam memperbaiki dan meningkatkan Infrastruktur, teknologi bersih dan diversifikasi bauran energi dan sumber pasokannya sebanding mungkin sama dengan nilai pasar dari alokasi bebas. Di sektor lain, alokasi secara gratis akan dihapus secara bertahap mulai tahun 2013, dengan Negara-negara Anggota yang menyetujui untuk memulai dari 20 lelang pada tahun 2013, meningkat menjadi 70 lelang pada tahun 2020 dengan tujuan mencapai 100 di tahun 2027. Namun, pengecualian akan dibuat untuk Instalasi di sektor yang ditemukan terkena risiko kebocoran karbon yang signifikan. Risiko ini bisa terjadi jika ETS UE meningkatkan biaya produksi sehingga perusahaan memutuskan untuk memindahkan produksinya ke daerah-daerah di luar UE yang tidak dikenai batasan emisi yang sebanding. Komisi akan menentukan sektor-sektor yang bersangkutan pada tanggal 31 Desember 2009. Untuk melakukan ini, Komisi akan menilai antara lain apakah biaya produksi tambahan langsung dan tidak langsung yang disebabkan oleh penerapan Petunjuk ETS sebagai proporsi nilai tambah bruto melebihi 5 dan apakah Nilai total ekspor dan impor dibagi dengan nilai total omset dan impornya melebihi 10. Jika hasil untuk salah satu dari kriteria ini melebihi 30, sektor ini juga akan dianggap berisiko tinggi terhadap kebocoran karbon. Instalasi di sektor ini akan menerima 100 dari saham mereka dalam jumlah tunjangan total yang menurun setiap tahunnya secara gratis. Bagian dari emisi industri ini ditentukan sehubungan dengan emisi ETS total pada tahun 2005 sampai 2007. Biaya CO2 yang diteruskan dengan harga listrik juga dapat mengungkapkan instalasi tertentu terhadap risiko kebocoran karbon. Untuk menghindari risiko tersebut, Negara-negara Anggota dapat memberikan kompensasi sehubungan dengan biaya tersebut. Dengan tidak adanya kesepakatan internasional mengenai perubahan iklim, Komisi telah melakukan modifikasi pedoman Komunitas tentang bantuan negara untuk perlindungan lingkungan dalam hal ini. Berdasarkan kesepakatan internasional yang memastikan bahwa pesaing di belahan dunia lain menanggung biaya yang sebanding, risiko kebocoran karbon mungkin diabaikan. Oleh karena itu, pada tanggal 30 Juni 2010, Komisi akan melakukan penilaian mendalam mengenai situasi industri energi intensif dan risiko kebocoran karbon, sehubungan dengan hasil negosiasi internasional dan juga memperhitungkan sektor yang mengikat Kesepakatan yang mungkin telah disimpulkan. Laporan tersebut akan disertai dengan usulan yang dianggap tepat. Ini berpotensi mencakup pemeliharaan atau penyesuaian proporsi tunjangan yang diterima secara gratis untuk instalasi industri yang secara khusus terpapar persaingan global atau termasuk importir produk yang terkait dalam ETS. Siapa yang akan mengatur pelelangan dan bagaimana mereka akan dilakukan Negara-negara Anggota akan bertanggung jawab untuk memastikan bahwa tunjangan yang diberikan kepada mereka dilelang. Setiap Negara Anggota harus memutuskan apakah mereka ingin mengembangkan infrastruktur dan platform pelelangan sendiri atau apakah ia ingin bekerja sama dengan Negara-negara Anggota lainnya untuk mengembangkan solusi regional atau EU. Distribusi hak pelelangan kepada Negara-negara Anggota sebagian besar didasarkan pada emisi di tahap 1 dari ETS UE, namun sebagian hak akan didistribusikan kembali dari Negara-negara Anggota yang lebih kaya ke yang lebih miskin untuk memperhitungkan tingkat PDB yang lebih rendah per kapita dan prospek yang lebih tinggi. Untuk pertumbuhan dan emisi di antara yang terakhir. Masih dalam kasus bahwa 10 hak untuk mendapatkan uang lelang akan didistribusikan ulang dari Negara-negara Anggota dengan pendapatan per kapita yang tinggi kepada mereka yang memiliki pendapatan per kapita rendah untuk memperkuat kemampuan keuangan yang terakhir untuk berinvestasi pada teknologi ramah iklim. Namun, sebuah ketentuan telah ditambahkan untuk mekanisme redistributif lain dari 2 untuk memperhitungkan Negara-negara Anggota yang pada tahun 2005 telah mencapai pengurangan paling sedikit 20 emisi gas rumah kaca dibandingkan dengan tahun referensi yang ditetapkan oleh Protokol Kyoto. Sembilan Negara Anggota mendapatkan keuntungan dari ketentuan ini. Setiap pelelangan harus menghormati peraturan pasar internal dan karenanya harus terbuka terhadap pembeli potensial di bawah kondisi yang tidak diskriminatif. Pada tanggal 30 Juni 2010, Komisi akan mengadopsi sebuah Peraturan (melalui prosedur komitologi) yang akan memberikan peraturan dan ketentuan yang sesuai untuk memastikan pelelangan yang efisien dan terkoordinasi tanpa mengganggu pasar uang saku. Berapa banyak tunjangan yang akan dilelang setiap Negara Anggota dan berapa jumlahnya ditentukan Semua tunjangan yang tidak dialokasikan secara gratis akan dilelang. Sebanyak 88 tunjangan yang akan dilelang oleh masing-masing Negara Anggota didistribusikan berdasarkan pangsa Negara-negara Anggota emisi bersejarah di bawah EU ETS. Untuk tujuan solidaritas dan pertumbuhan, 12 dari total kuantitas didistribusikan dengan cara yang memperhitungkan PDB per kapita dan pencapaian berdasarkan Protokol Kyoto. Sektor dan gas mana yang tercakup pada 2013 ETS mencakup instalasi yang melakukan aktivitas tertentu. Sejak awal telah ditutup, di atas ambang kapasitas tertentu, pembangkit listrik dan pabrik pembakaran lainnya, kilang minyak, oven kokas, pabrik besi dan baja dan pabrik pembuatan semen, kaca, kapur, batu bata, keramik, pulp, kertas dan karton. Sedangkan untuk gas rumah kaca, saat ini hanya mencakup emisi karbon dioksida, kecuali Belanda, yang telah memilih emisi dari nitrous oxide. Sejak 2013, ruang lingkup ETS akan diperluas juga mencakup sektor lain dan gas rumah kaca. Emisi CO 2 dari petrokimia, amonia dan aluminium akan disertakan, seperti juga emisi N2O dari produksi produksi asam nitrat, adipat dan asam glikokalik dan perfluorokarbon dari sektor aluminium. Penangkapan, pengangkutan dan penyimpanan geologi dari semua emisi gas rumah kaca juga akan dibahas. Sektor-sektor ini akan menerima tunjangan gratis sesuai peraturan EU-wide, sama seperti sektor industri lainnya yang sudah tercakup. Pada 2012, penerbangan juga akan disertakan dalam EU ETS. Akankah instalasi kecil dikeluarkan dari ruang lingkup Sejumlah besar instalasi yang memancarkan CO 2 yang relatif rendah saat ini tercakup dalam ETS dan kekhawatiran telah diangkat mengenai efektivitas biaya inklusi mereka. Sejak 2013, Negara-negara Anggota akan diizinkan untuk menghapus instalasi ini dari ETS dalam kondisi tertentu. Instalasi yang bersangkutan adalah emisi yang dilaporkan lebih rendah dari 25.000 ton ekuivalen CO2 untuk masing-masing 3 tahun sebelum tahun penerapan. Untuk instalasi pembakaran, ambang kapasitas tambahan 35MW berlaku. Selain itu, Negara-negara Anggota diberi kemungkinan untuk mengecualikan instalasi yang dioperasikan oleh rumah sakit. Instalasi dapat dikecualikan dari ETS hanya jika akan ditutupi oleh tindakan yang akan mencapai kontribusi yang setara terhadap pengurangan emisi. Berapa banyak kredit emisi dari negara-negara ketiga akan diizinkan Untuk periode perdagangan kedua, Negara-negara Anggota mengizinkan operator mereka menggunakan sejumlah kredit yang signifikan yang dihasilkan oleh proyek hemat emisi yang dilakukan di negara-negara ketiga untuk menutupi sebagian emisi mereka dengan cara yang sama seperti yang mereka gunakan. Tunjangan ETS The revised Directive extends the rights to use these credits for the third trading period and allows a limited additional quantity to be used in such a way that the overall use of credits is limited to 50 of the EU-wide reductions over the period 2008-2020. For existing installations, and excluding new sectors within the scope, this will represent a total level of access of approximately 1.6 billion credits over the period 2008-2020. In practice, this means that existing operators will be able to use credits up to a minimum of 11 of their allocation during the period 2008-2012, while a top-up is foreseen for operators with the lowest sum of free allocation and allowed use of credits in the 2008-2012 period. New sectors and new entrants in the third trading period will have a guaranteed minimum access of 4.5 of their verified emissions during the period 2013-2020. For the aviation sector, the minimum access will be 1.5. The precise percentages will be determined through comitology. These projects must be officially recognised under the Kyoto Protocols Joint Implementation (JI) mechanism (covering projects carried out in countries with an emissions reduction target under the Protocol) or Clean Development Mechanism (CDM) (for projects undertaken in developing countries). Credits from JI projects are known as Emission Reduction Units (ERUs) while those from CDM projects are called Certified Emission Reductions (CERs). On the quality side only credits from project types eligible for use in the EU trading scheme during the period 2008-2012 will be accepted in the period 2013-2020. Furthermore, from 1 January 2013 measures may be applied to restrict the use of specific credits from project types. Such a quality control mechanism is needed to assure the environmental and economic integrity of future project types. To create greater flexibility, and in the absence of an international agreement being concluded by 31 December 2009, credits could be used in accordance with agreements concluded with third countries. The use of these credits should however not increase the overall number beyond 50 of the required reductions. Such agreements would not be required for new projects that started from 2013 onwards in Least Developed Countries. Based on a stricter emissions reduction in the context of a satisfactory international agreement . additional access to credits could be allowed, as well as the use of additional types of project credits or other mechanisms created under the international agreement. However, once an international agreement has been reached, from January 2013 onwards only credits from projects in third countries that have ratified the agreement or from additional types of project approved by the Commission will be eligible for use in the Community scheme. Will it be possible to use credits from carbon sinks like forests No. Before making its proposal, the Commission analysed the possibility of allowing credits from certain types of land use, land-use change and forestry (LULUCF) projects which absorb carbon from the atmosphere. It concluded that doing so could undermine the environmental integrity of the EU ETS, for the following reasons: LULUCF projects cannot physically deliver permanent emissions reductions. Insufficient solutions have been developed to deal with the uncertainties, non-permanence of carbon storage and potential emissions leakage problems arising from such projects. The temporary and reversible nature of such activities would pose considerable risks in a company-based trading system and impose great liability risks on Member States. The inclusion of LULUCF projects in the ETS would require a quality of monitoring and reporting comparable to the monitoring and reporting of emissions from installations currently covered by the system. This is not available at present and is likely to incur costs which would substantially reduce the attractiveness of including such projects. The simplicity, transparency and predictability of the ETS would be considerably reduced. Moreover, the sheer quantity of potential credits entering the system could undermine the functioning of the carbon market unless their role were limited, in which case their potential benefits would become marginal. The Commission, the Council and the European Parliament believe that global deforestation can be better addressed through other instruments. For example, using part of the proceeds from auctioning allowances in the EU ETS could generate additional means to invest in LULUCF activities both inside and outside the EU, and may provide a model for future expansion. In this respect the Commission has proposed to set up the Global Forest Carbon Mechanism that would be a performance-based system for financing reductions in deforestation levels in developing countries. Besides those already mentioned, are there other credits that could be used in the revised ETS Yes. Projects in EU Member States which reduce greenhouse gas emissions not covered by the ETS could issue credits. These Community projects would need to be managed according to common EU provisions set up by the Commission in order to be tradable throughout the system. Such provisions would be adopted only for projects that cannot be realised through inclusion in the ETS. The provisions will seek to ensure that credits from Community projects do not result in double-counting of emission reductions nor impede other policy measures to reduce emissions not covered by the ETS, and that they are based on simple, easily administered rules. Are there measures in place to ensure that the price of allowances wont fall sharply during the third trading period A stable and predictable regulatory framework is vital for market stability. The revised Directive makes the regulatory framework as predictable as possible in order to boost stability and rule out policy-induced volatility. Important elements in this respect are the determination of the cap on emissions in the Directive well in advance of the start of the trading period, a linear reduction factor for the cap on emissions which continues to apply also beyond 2020 and the extension of the trading period from 5 to 8 years. The sharp fall in the allowance price during the first trading period was due to over-allocation of allowances which could not be banked for use in the second trading period. For the second and subsequent trading periods, Member States are obliged to allow the banking of allowances from one period to the next and therefore the end of one trading period is not expected to have any impact on the price. A new provision will apply as of 2013 in case of excessive price fluctuations in the allowance market. If, for more than six consecutive months, the allowance price is more than three times the average price of allowances during the two preceding years on the European market, the Commission will convene a meeting with Member States. If it is found that the price evolution does not correspond to market fundamentals, the Commission may either allow Member States to bring forward the auctioning of a part of the quantity to be auctioned, or allow them to auction up to 25 of the remaining allowances in the new entrant reserve. The price of allowances is determined by supply and demand and reflects fundamental factors like economic growth, fuel prices, rainfall and wind (availability of renewable energy) and temperature (demand for heating and cooling) etc. A degree of uncertainty is inevitable for such factors. The markets, however, allow participants to hedge the risks that may result from changes in allowances prices. Are there any provisions for linking the EU ETS to other emissions trading systems Yes. One of the key means to reduce emissions more cost-effectively is to enhance and further develop the global carbon market. The Commission sees the EU ETS as an important building block for the development of a global network of emission trading systems. Linking other national or regional cap-and-trade emissions trading systems to the EU ETS can create a bigger market, potentially lowering the aggregate cost of reducing greenhouse gas emissions. The increased liquidity and reduced price volatility that this would entail would improve the functioning of markets for emission allowances. This may lead to a global network of trading systems in which participants, including legal entities, can buy emission allowances to fulfil their respective reduction commitments. The EU is keen to work with the new US Administration to build a transatlantic and indeed global carbon market to act as the motor of a concerted international push to combat climate change. While the original Directive allows for linking the EU ETS with other industrialised countries that have ratified the Kyoto Protocol, the new rules allow for linking with any country or administrative entity (such as a state or group of states under a federal system) which has established a compatible mandatory cap-and-trade system whose design elements would not undermine the environmental integrity of the EU ETS. Where such systems cap absolute emissions, there would be mutual recognition of allowances issued by them and the EU ETS. What is a Community registry and how does it work Registries are standardised electronic databases ensuring the accurate accounting of the issuance, holding, transfer and cancellation of emission allowances. As a signatory to the Kyoto Protocol in its own right, the Community is also obliged to maintain a registry. This is the Community Registry, which is distinct from the registries of Member States. Allowances issued from 1 January 2013 onwards will be held in the Community registry instead of in national registries. Will there be any changes to monitoring, reporting and verification requirements The Commission will adopt a new Regulation (through the comitology procedure) by 31 December 2011 governing the monitoring and reporting of emissions from the activities listed in Annex I of the Directive. A separate Regulation on the verification of emission reports and the accreditation of verifiers should specify conditions for accreditation, mutual recognition and cancellation of accreditation for verifiers, and for supervision and peer review as appropriate. What provision will be made for new entrants into the market Five percent of the total quantity of allowances will be put into a reserve for new installations or airlines that enter the system after 2013 (new entrants). The allocations from this reserve should mirror the allocations to corresponding existing installations. A part of the new entrant reserve, amounting to 300 million allowances, will be made available to support the investments in up to 12 demonstration projects using the carbon capture and storage technology and demonstration projects using innovative renewable energy technologies. There should be a fair geographical distribution of the projects. In principle, any allowances remaining in the reserve shall be distributed to Member States for auctioning. The distribution key shall take into account the level to which installations in Member States have benefited from this reserve. What has been agreed with respect to the financing of the 12 carbon capture and storage demonstration projects requested by a previous European Council The European Parliaments Environment Committee tabled an amendment to the EU ETS Directive requiring allowances in the new entrant reserve to be set aside in order to co-finance up to 12 demonstration projects as requested by the European Council in spring 2007. This amendment has later been extended to include also innovative renewable energy technologies that are not commercially viable yet. Projects shall be selected on the basis of objective and transparent criteria that include requirements for knowledge sharing. Support shall be given from the proceeds of these allowances via Member States and shall be complementary to substantial co-financing by the operator of the installation. No project shall receive support via this mechanism that exceeds 15 of the total number of allowances (i. e. 45 million allowances) available for this purpose. The Member State may choose to co-finance the project as well, but will in any case transfer the market value of the attributed allowances to the operator, who will not receive any allowances. A total of 300 million allowances will therefore be set aside until 2015 for this purpose. What is the role of an international agreement and its potential impact on EU ETS When an international agreement is reached, the Commission shall submit a report to the European Parliament and the Council assessing the nature of the measures agreed upon in the international agreement and their implications, in particular with respect to the risk of carbon leakage. On the basis of this report, the Commission shall then adopt a legislative proposal amending the present Directive as appropriate. For the effects on the use of credits from Joint Implementation and Clean Development Mechanism projects, please see the reply to question 20. What are the next steps Member States have to bring into force the legal instruments necessary to comply with certain provisions of the revised Directive by 31 December 2009. This concerns the collection of duly substantiated and verified emissions data from installations that will only be covered by the EU ETS as from 2013, and the national lists of installations and the allocation to each one. For the remaining provisions, the national laws, regulations and administrative provisions only have to be ready by 31 December 2012. The Commission has already started the work on implementation. For example, the collection and analysis of data for use in relation to carbon leakage is ongoing (list of sectors due end 2009). Work is also ongoing to prepare the Regulation on timing, administration and other aspects of auctioning (due by June 2010), the harmonised allocation rules (due end 2010) and the two Regulations on monitoring and reporting of emissions and verification of emissions and accreditation of verifiers (due end 2011).I began trading with Adam in January of this year. Saya telah melakukan perdagangan saham sendiri untuk beberapa waktu dengan berbagai tingkat kesuksesan. Sebagian besar kesuksesan itu telah menguap pada tahun 2000 ketika saya terjebak dalam penurunan pasar dan bertahan, dengan beberapa posisi berjalan sampai nol. (Tentu bukan cara yang bagus untuk menghasilkan uang di saham). Akhirnya saya memutuskan bahwa tidak hanya bisa mentoring memperbaiki kemampuan trading saya tapi dalam jangka panjang lebih dari membayar untuk dirinya sendiri. Saya terkesan dengan penekanan Adams pada disiplin, dan aspek perdagangan inilah yang paling saya andalkan, meski saya semakin baik dalam hal itu. Tujuan awal saya adalah untuk menambah penghasilan saya 500-1000 per bulan sambil meningkatkan pertumbuhan IRA saya dua kali lipat jumlah tersebut (IRA sebagian besar berada di reksadana). Selama 2-3 bulan terakhir, saya sebenarnya telah mendapatkan hasil yang dua kali lipat jumlahnya, ini selama ini sangat tidak stabil. Selain itu, saya tidak dapat mulai memperkirakan dolar yang diselamatkan dengan keluar dari perdagangan yang buruk lebih awal, daripada berpegang pada harapan bahwa pasar akan berbalik menguntungkan saya. Hari ini, telah menjadi hari yang buruk bagi pasar, tapi begitulah hari Jumat, 19 Oktober. Tapi dengan menggunakan metodologi Adams, saya dapat mencegah kerugian saya terkelola dan sampai kemarin tidak hanya berhasil mendapatkan kerugian namun sebenarnya meningkatkan keseluruhan portofolio saya beberapa ribu Dolar. Jadi apa yang Adam ajarkan yang bekerja. 1 - Disiplin, disiplin, disiplin. Ini adalah konsep tersulit yang harus saya pahami meski mungkin yang paling sederhana. Pedagang baru tidak perlu melupakan kebiasaan buruk yang saya ajarkan pada diri sendiri. 2 - Bagaimana mengidentifikasi saham yang memiliki potensi untuk cepat mempercepat berdasarkan peningkatan volume dan garis support dan resistance. 3 - Kapan membeli saham, dan kapan harus keluar dengan keuntungan (jadi Anda tidak mengembalikan keuntungan Anda) atau stop loss sehingga Anda tidak bertahan dalam perdagangan yang buruk. 4 - pemerintahannya 5s dan 10s. Ini adalah teknik yang sangat berharga bagi saya dalam mendapatkan harga saham yang lebih baik. Contoh: 25 Oktober saya membeli POT. Saya telah menonton saham ini tapi tidak merasa ingin mengejarnya. Jadi ketika mulai turun dari titik terendahnya pagi itu dan naik di atas 100, saya memesannya dengan harga 100.35. Pada tanggal 30 Oktober mencapai titik tertinggi sekitar 123, jadi ketika mulai turun, saya memutuskan untuk mengunci keuntungan pada 120,05. Saya pikir bahkan Adam akan senang dengan 20 poin dalam 4 hari Apakah semua perdagangan saya ternyata baik-baik saja? Tidak, pasti, tapi memiliki Adam sebagai mentor telah meningkatkan peluang saya. 5 - Menjadi puas dengan single jika itu semua pasar memberi. Kita semua seperti home run, tapi sama seperti di baseball, orang yang ayunan untuk pagar paling sering adalah orang yang sering menyerang keluar. Perbedaan utama dalam hasil selama beberapa bulan terakhir adalah kemauan untuk mengambil 500, 300, bahkan kadang-kadang 200 dalam perdagangan kadang-kadang bahkan kurang. Sekarang jika saya bisa mempertahankan jenis disiplin dengan semua perdagangan saya, saya bisa keluar dari pekerjaan saya. William A. in Michigan - William A. MichiganquotYes You Can Design Part Time Trading Plans That Make Moneyquot Note: This is not a get rich quick scheme or a black box trading system. From: David Jenyns - The System Design Expert There are hundreds of quottrading gurusquot who want to sell you get-rich-quick products for big bucks. Maybe youve bought a few already. Some of them work - some of these programs are even great. Tapi di mana hampir semuanya gagal adalah melukis gambar bagaimana trading bekerja. When you understand EXACTLY what it takes to design an excellent trading system, youll understand why most people fail to make money trading. The fact is, I can show you how to be successful trading, but it will take work Let me share with you my step-by-step, blueprint anyone can follow to design profitable, part time trading systems - tailored to your unique situation. 7 tahun dalam pengembangan dan uji coba dengan ratusan klien pembinaan saya, cetak biru ini sekarang telah terbukti bekerja dengan forex, saham, opsi, futures, cfds, dan semua pasar lainnya. Perfectly suited to the beginnerintermediate looking to trade intraday or longer time frames - this is the complete guide to profitable trading. Introducing the Ultimate Trading Systems 2.0 (UTS2.0) Inside this amazing manual, heres just a few things youll discover: How to quickly and easily get started trading profitability. 3 critical components all profitable trading systems must have. The secret to mastering your discipline, confidence and psychology. How to best enter and exit your trades. What tools the professional traders use. How to prove your trading systems works, before you trade it. How to maximize your profits and minimize your loses. How to trade part time but make full time profits. In short, youre going to learn how to consistently make more money trading. Do these methods work Featured in Smart Investor. I know my methods work and so do the hundreds of traders worldwide who have put them to the test (click here to read their testimonials). That said, dont take my word for it, the methods works so well, I have attracted the attention of numerous newsletters, newspapers and trade journals. Even Smart Investor, one of Australias most prestigious trading magazines, did a full page spread on me and my trading methods. If you want to find out more about me, click here to read my full bio or google my name quotDavid Jenynsquot. If youre so successful trading, why do you give your secrets away Believe it or not, its hard to receive letter after letter from people who see themselves as quotnewbiesquot - who arent making a living at their day job, and dont see the possibility of breaking free of the rat race to have the life they want. They simply cannot afford the products they need to change their situation. I only wish someone had given this to me seven years ago when I was getting started - it would have made me more money sooner, and saved a lot of wasted cash, time and frustration. How much is it then The fact is, I make the majority of the wealth through trading and investment. not through selling ebooks. I dont need your money. That said, my business mentor once taught me, for someone to see the value in something, there must be a value exchanged between both parties. In other words, for you to see the value in the UTS2.0, you must pay something for it. I dont really care what you pay, as long as you pay something. After chatting with my team we agreed, the minimum charge we could allow was 7 - this pretty much covers our overheads for the website and support. Youd have to agree thats very fair. Download your copy of the UTS2.0 and learn how to get a significant trading edge over other traders. Only 7 . Once you order, Ill immediately email you the download links for this 56 page ebook and I guarantee youll be thrilled with it. Membelinya. Apply it. Profit from it. Your Trading Coach, PS. Do you have any questions You can email me by clicking here . PPS. Over the last 4 years 12,500 people have downloaded my UTS ebook and heres what a few of them had to say. quotI was skeptical when I looked at the title but then I started reading the book and was SPEECHLESS This thing is FANTASTIC Despite the fact that I have YEARS of experience trading, Im now using the Ultimate Trading Systems to design every new trading system Why Because it condenses everything you need to know and do into a simple action plan ANYONE can implement. The information, links, tips, and inside tricks are worth GOLDquot Mark McRae. Professional TraderAuthor - surefire-forex-trading quotI think it was a great read. It summarizes a lot of things about trading with just 56 pages other books would have been around 200 pages or more. Because every chaptersection is precise and to the point, I was able to retain most of the vital information. I would definitely recommend this book. quot Much better than lots of quotmust-readsquot. After reading some trading books I think yours is the best that I read so far as it covers lots of areas with clear facts. Why reading ten other books if yours is covering all Of course as you put such a lot of information in your book it requires full attention when reading. quot quotIve been trading for four years and the combination of UTS 1.0 and TSR1 was the turning point in my trading. I personally think that both the second editions are better. The work is clearly of someone that trade as well and do not only write trading literature. The value of these documents lies in the eye of the beholder that is why only a very small of the people reading it will reach page 54, and a even smaller will apply it. One very important lesson Ive learned is to physically trade with real money, nothing else can teach you more or show you if you are cut out for this job. No papertrade can teach you about slippage or the mental fitness to win or lose real money. Keep up the good work. quot Pieter van der Westhuizen - Moorreesburg, Soth Africa I felt the concept was excellent. It covered every aspect required to work up a successful trading system. All critical points were addressed. ie. trading plan, moneyrisk management, psychology issues, entries and exits, trading software and data providers, back testing and system metricsperformance. I found your writing style easy to read, without being too wordy. You presented all the relevant information in a systematic way and I think most traders with some experience would identify with the realistic expectations of trading which you expressed. Mzm. I am really enjoying the OTM. It seems to be working very well, with quality content and active member postings. quot Peter Reynolds - Melbourne, Australia quotDavid..my name is Murray Marshall and im reading your new version of trading systems 2.0. The course has so much common sense and its such an easy read because you have distilled what would be hundreds of pages into a simple but effective trading guidebook. I wish this were around when i started 15 years and many losses ago. I know i will make all my losses back by using the guidlines presented in your manual which more than anything it quotchanges the way you thinkquot which is the most important thing. Keep up the good workquot Murray Marshall - Alberta, Canada I just finished reading your Ultimate Trading Systems 2.0. The reason I finished reading so quickly is that I could not put it down. As a beginner, I now have all the info I need on how to get started in Fx trading. I have down loaded tons of info on the subject but this manual is all you need all in one book. As a beginner, I do not think you can start to Fx trade without first reading this manual to fully understand what is involved. Thank you David. quot Barry Ellis - South Africa quotI have reviewed this Trading Manual by David Jenyns, and Id like to say, what a great introduction to the world of trading. David lays down the foundation for success. If you follow what he says here in this little gem, you will ultimately become a winner. It will give you an understanding of risk and the ever so important money management, which David, in all of his material, excels in. I would highly recommend this e-book to anyone who wants to. Learn to Trade. Learn about pulling the trigger. Learn about managing a Trade as it progresses through to being closed out. And to learn about whats required of you to be the success that you want to be. Its simple really. Dont procrastinate. Grab your copy NOW. and start the journey. quot quotI just finished reading Ultimate Trading Systems 2.0. I found it a very good tutorial on what a new trader should be doing before starting to trade. It stresses that a person must make plans on how he is going to develop his trading plan prior to trading. The book not only stresses the absolute need for a trading plan, but it shows how to make one. It is an important read. quot Albin Dittli - Utah, United States quotThank you for sending me the Ultimate Trading System. It has really helped me focus on my trading. The first thing I did after reading the Ultimate Trading System was to write out my trading system. Something I had never done before. Then I put up four 3X5 cards that I see twice a day. Since doing this my trading has improved. During the month of January I did 20 options trades. 16 profitable and 4 losers. I was typically taking profit around 30 during this testing phase. And guess what the losers were from trades I did not following my trading system. I will be following my plan from now on. Ive been searching for a trading system that works for me and all I had to do was write out what works for me and follow it. I know that by following my trading system I will get trading losses. Its just part of the business. But now I have a written plan and system to follow and my trading losses will be small. Once again thank you for putting the time and effort into the Ultimate Trading System. quot quotJust wanted to comment on the book as requested. I find the material to be very usefull for new traders provided they take it to heart. I am a full time trader and have basically learned the lessons in the book after years of trial and error and thousands of in courses. I believe that everybody needs to find their own sweet spot when it comes to trading system and which market they trade. for me it turned out to be the forex market and gladly, I see that the book helps new traders find their place in the trading landscape. Keep up the good workquot Ali Seyrafizadeh - Ontario Canada Excellent Through all the chapters, the different subjects are presented in a very simple and understandable way. You have succeeded to make them simple but not simplistic. This way allows this book to be read profitably by newbies but also by more experienced traders. I have particularly appreciated your emphasis on the important traits the traders must develop: will and time to learn and work patience, discipline, commitment, education, risk capital motivation and clear and detailled objectives The idea to write those objectives remember me this is a contract a trader makes with himself, thus its importance. The trading psychology is particularly enlightening. The discipline and the confidence in trading come by learning and praticing until the necessary skills become second nature. For me, this is the most important chapter in your book. All the other chapters give an operational approach about how the trader should design a winning trading system he will feel comfortable with, in accordance with his realistic objectives. In this point of view, the comparison of several trading styles and markets are a great help. A central chapter shows also the importance of having a trading plan with its practical, psychological and evolutionary aspects. There is then a clear description with the elements a trading plan must contain. the perfect entry, the excellent risk management and the perfect exit. These are a must. It is also very useful to address the delicat problems of the choice of the charting software, the data providers and the broker, with clear questions and practical advises. quot Eusebio Nanni - Belgium You have compiled a down to earth explanation of vital information. The trading experience can be either supremely rewarding, or utterly debilitating. Strict adherence to the principles discussed in your book will lay a firm foundation for ensuring a trader enjoys the rewards. quot John Neave - NSW, Australia I really enjoyed reading UTS2.0. My first reaction to it was quot56 Pagesquot, but once I got started I found that it was really easy reading and very informative. The book has reinforced to me the necessity of having a written trading plan, money management and back testing. I have heard these over and over, but I have never really committed to doing them. As a matter of fact, I have decided that before I make my next trade, I will finish writing my trading plan and stick to it during my trades. They were some things that you mentioned that I find myself doing. For example, following all those emails to see what new strategies they are offering, but as you have mentioned in the book, if I have a written plan, and have back tested my system, then there would be no need for me to go chasing after every email to see if their system is indeed better. An eye opener for me was the fact that successful trading is only 10 of the system. Maybe if I had realized this fact a while ago, I could have saved myself thousands of dollars. I would definitely recommend this book to both beginner and experience traders. It was a good job pulling this information together. quot quotUltimate Trading Systems kept me glued from beginning to end. Taking a systematic step-by-step approach, this quotblueprintquot discusses all the aspects of designing and implementing a trading system, and explains clearly the reasons for each decision. I found it a detailed route map to planning to trade profitably. Early on there is an overview of what the reader wants to achieve, so that the type of trading and the financial instruments can be decided. This forces you to stop and think instead of plummeting into failure by trading in the wrong way for you. It also explains why buying an off-the-shelf system may not be a good choice. The chapter on entries puts the topic in perspective, by quoting from Van Tharp. This is a lesson that many traders have still to learn. I like the way snippets of MetaStock code illustrate clearly how to set up a system to screen for potentially profitable trades. UTS covers every aspect of trading, including selecting software and the broker, and emphasizes the importance of back testing to prove the trading system. I particularly like the way that each chapter finishes with actions to be taken, to ensure that the content is understood and implemented. Its useful to have links to additional information which elaborates on the lessons. An easy read but packed with content, this blueprint is one I will refer to again and again. It gives clear direction on every aspect to becoming a successful trader. quot Alan Northcott - alannorthcott The best comprehensive informative guide to Trading I have read. A must read for all newbies to trading. Nothing you have said is quotnewquot but you have presented it in a clear concise manner that anyone should understand. I particularly like your constant reinforcement of the system process, discipline and managing emotions - the most difficult challange for all traders. I also like your coaching through the need to develop ones personal trading plan aligned to ones own personality and goals. A great publication I would recommend to all traders - newbies to learn and oldies to reinforce the basics which can so often be lost. quot John Venning - Australia quotThank you for this chance to look over 2.0 I was already reviewing my basic methods, so this was just the right time. Presentation is accurate and concise, giving to me at least a feeling that successful trading is achievable. I like the way that links are set out, right where you need them not in some list at the end of the 56 pages. Content. The need for focus and discipline is clear. However you do mention a time scale, 3 months I recall. I do not agree with setting a time to learn to trade as it depends on so many factors: mindset, inteligence, time available, family pressures. all kinds of stuff. Conclusion. I like Davids writing and methodolgy. It has helped a great deal on my path to become a trader. I still have a way to go, hence the need to keep track of the core plan. quot Chris Blomfield - Warwick, England The book is comprehensive and direct to the point with references to other authors. It is obvious that David has done a lot of research and has personal experience which he is passing on to other investors. The part of back testing might be difficult to grasp, but in reality is true, one is always looking for a system with more winning trades, but as pointed out might not be the most profitable system. I believe the UTS 2.0 will definitely be of great assistance to traders, especially someone new to the markets will realise it takes a lot of discipline and hard work to achieve success. quot Derick Brooks - South Africa quotOne of the most comprehensive ebooks I have ever read. It covers all of the most important pieces that the newer and not so newer traders should take notice of if they are to succeed in the trading world. Congratulations David, I would certainly recommend this product to anyone who is considering entering a career in trading. quot Geoff Lowes - Austraila quotIve completed my first read-thru of the book, I generaly like to treat books like this as textbooks so my study involves several read thrus before application. I think youve made me realise how much time Ive wasted trying to perfrect enrty, trying to create my own system as well. Not that my system was useless, but just by playing arround with a few built in systems inmetastock and applying the simple rules in your system Ive improved results dramatically compared to the system Im currently trading. Ive not traded any of the systems live yet as I want to complete my study of the book and then spend time back testing and confirming the system Id like to go forward with. Under money management I think Ive also had an quotahaquot moment I never had position sizing in place and back testing some of your suggestions has also revealed that there is a lot of merit in considering it for my own system. Id definitely recommend this book for any who serious about becoming successful at trading. quot Masizane Marivate - South Africa You have bring me to another angle to view what is trading. Especially 20:80 rules, and how important on back-testing. These are the pieces I miss in my puzzle. Thanks for your reminder and I believe I will do better afterward for my trading. Keep your good job, Davidquot Siew Wai Yow - Malaysia quotI was favorably impressed with the e-book. The author lays out the correct mindset of what it takes to become a trader and offers excellent, time tested advice about defining your goals, setting up a trading plan, the role psychology and discipline play and much more. Along the way reference is made to good perspective to take from the likes of Dr. Van Tharp, Warren Buffet, and more. The need for a trading plan, discipline and self control are stressed. The necessity of self knowledge is addressed. quotThere is one common element amongst all successful traders: they have a systematic way they approach the market. This approach is unique. In reality, no two people have exactly the same amount of money, tolerance for risk, personality, time or experience. Therefore, the key to success is to design a system that is suited for you. quot This crucial fact alone is worth the price of this e-book. This reality takes time to develop. Again self knowledge is key. One cant gain this information overnight. Practice, patience and discipline are key. The no nonsense, down to earth advice about a realistic path to trading success. No pie in the sky instant riches nonsense here. A well founded trading plan is the key. That plan includes tested and trusted entries and exits. but above all, it includes a strong awareness of money management as the real keys to the kingdom. I have found the advice about money management and psychology to be most helpful. Entries and exits are only a small part of the puzzle. You want to develop a long term, sustainable trading profession. A good money management plan encompasses discipline and patience. This is serious stuff and not gambling. The only way to treat it as such is to stick to time tested MM principles and not waver. This work is a great introduction and overview to the idea of trading. It lays out in clear, responsible detail what it takes to become a successful trader and skips all of the pie in the sky hype. quot Jerry Nevins - Redding, CT, USA quotA well written book with all relevant information I wish I had known about at the beginning of entering the world of trading. Not too over technical and only at the correct points, this ebook is written in a common sense way which I feel would not belittle anyone or their interlect. It is a well balanced book in approaching all aspects of the subject matter. I would have no hesitation in recommending this ebook to all thinking of or indeed into trading, regardless of their level of experience. Well done David and thank you. quot quotThe Ultimate Trading Systems 2 should be the traders bible or maybe stitched to the traders sleeve. Its well written in easy to understand language. I would recommend it as a must read. quot This totally blows your previous manual out of the water. I especially liked the M amp M s. Mind set amp Money management, its clear, concise amp informative, if people treated trading as their business there would be more profitable traders. This manual clearly addresses this problem amp I would recommend UTS 2.0 to everyone. quot Degenkolbe - New Zealand The manual is well written, very informative and concise. It gives traders a very good idea of what it takes and what is required to be a professional profitable trader. The manual covers all aspects of trading and highlights the importance of having a good and robust trading plan. The manual is easy to read and can easily be implemented by all traders very quickly. The manual stresses that there are no magic bullets out there and no holy grail, however success can be achieved by following a strict trading plan, with limiting your risk and drawdown to a low acceptable level. This manual is an excellent resource for newer traders and it should give them the fundamentals of trading successfully, without spending thousands of dollars on quotsercet trading tacticsquot which promise to make you rich, however never do. Well done David. This is a great resource. quot Alan Lowenstein - Australia quotAh Ha It took me longer than expected to read UTS2.0 cause its interesting and get me attached to read through, something I originally just planned to skim on --- I must be honest :) I love UTS2.0, UTS1.0 is good but its like point form and UTS2.0 is more solid with loads of explanation of the concepts and why they are importants Kudos David, I will recommend it to my traders group once you release it official. quot Henry Lin - Hong Kong quotI think you have produced a very useful document outlining the key issues associated with successful trading. Your emphasis on the importance of having the right mindset (namely, removing emotion from trading decisions) and proper money management is spot on. You walk the reader through everything necessary to establish a trading business from trading plan through to software selection, back testing and selecting a broker. The resources and action steps you provide at the end of each chapter are also very useful and motivating. All told, a great document for the beginner and a good refresher for the more experienced. quot Dr. Vic Smith - Australia This book is what all experienced traders wish they had at the beginning of their trading careers. It covers all the essential topics in a general way that should save a lot of time to new traders if they take the information onboard. As a trader and a keen golfer I find many similarities between the two and it helped me enormously in my early trading days to get on top of both golf amp trading. ie In golf amp trading you must do the basic things correctly Golf grip, stance, posture Trading Research, plan, act Beyond this point every golfer and trader differ in their actions to get the job done as every individual develops their own golf swing and the same applies to trading methods. My point is their is no holy grail that will suit everyone, it is essential to develop your own stile around your personality and abilities, therefore I feel all books should pay a high propriety to this fact early in their content, so clients know they need to access and know themselves at the beginning of their journey, this will start them in the correct direction and simplify the whole process of understanding what is required to be successful. quot quotHi David, In these days of mega-information overload, it is refreshing and quite delightful to read a compact, concise and very readable quotbig picturequot overview of how to trade the markets and make money. It is relatively easy for anyone ( self included) to know a lot about a small part of the story without having the overview that your book offers. So, well done and all power to you. Congratulations and Kind regards. quot John Corcoran - Australia quotFirst of all I like your book and want to thank you for sharing it. I agree with most what you said. In fact, I have said the same thing to my less expereinced friend. I learned long time ago similar lessons from Dr. Elders books on trading. I used the term quot3 Mquot system: Mind, Methodology and Money Management. I believe all three are equally important, like the three legs of a stool. The stool will fall if any of the 3 M is missing. It seems to me you empha I learn a few things from reading your ebook such as setting the exit at LL(x) and the formalizeing the three parts of a trading plan. In my opinion, this ebook is more helpful to experienced traders (good or bad), but less so to the new ones. The developing of a trading system is too short. I wish there would have had more on the technical discussion of the system. The use of helpful and simple indicators are not mentioned. Trading systems for short term vs long term need to be explained a bit more. quot quotI want to compliment you on the easy to read writing style you have adopted throughout the book. In my search for what you describe as the quotHoly Grailquot I have read a lot of material over the past few years and I consider your efforts to be concise and very much to the point. quot I found the read very informative. It also made me realise that it is no good wasting time trying out every new method that comes along. I avidly read your e-mails and look forward to receiving more, especially anything relating to this recent book. It was a very good read, easy to understand with lots of useful tips. many thanks for allowing me to read your book and hopefully it will start me on the road to proper trading. quot quotI am very excited about this eBook and I feel that if I had this when I first started trading it would have saved me a lot of time, effort and money trying to figure everything out. What I liked the most is the practical angle that you took in guiding your readers step by step and recommending materials to read and study. Although I did not specifically started to use it, it is already part of my approach but I am using it to sharpen my plan and re-evaluate my process. This will take some time. Herman du Toit - South Africa quotI have read UTS 2.0 amp it does set out well amp simply the guidelines for formulating a tradinginvesting plan which I am currently doing. Thank you for offering it to me it has been very helpful. quot quotI wish i had this document when i started trading. Well, i most probably would have gone through the whole proses that i did to become what i did in any case, i would not have believed your document in any case. Today after 8 years i do believe your document because i know what i know. Moneyrisk management and correct analysis of system is critical and cannot be emphasized enough. Great document thanks. quot Henri Coetzer - South Africa. quotBrilliant. I am working through it again because I have made many of the mistakes you warn against. It is the best way of starting trading. The most valuable part to me was to again realise how important the psychology of trading is. I went down the road of the indicators and technicals and got so involved with that part that I became more and more ineffective trading. Not that I was loosing that much but I was missing out of so many trades because I did not follow my trading plan. Always second guessing it. Second major mistake was trading with mental stop rather than predefined stop-loss. Thanks for great resource. quot I started learning Forex when I stumbled over UTS 1. It has been THE source of information and reference for me ever since. UTS 2 has taken a very good manual 1 step further. It is now more concise and better structured then the first one. I personally love the tasks you give the reader at the end of every chapter. You are definately the one source of information which helped me the most in becoming a Trader. quot quotAn excellent blueprint for those new to the game, or for the more experienced yet to achieve success. You are one of a small group of providers who outline an approach that if followed has a high degree of safety. I like the focus on the mind and money management. quot As usual, a great work Vary interesting, well edited most of it is very simple to understand and the most important thing, it sound very reliable. In contrary to lot of stuff that is offered over the internet, your system, to me, sounds the most trustable and reliable one. As I have told you in the past, I admire you for your charisma and initiative skill. You are always driving yourself one step further and helping others on the way. quot ldquoWow I have read countless trading books and honestly this is the first ever book that really takes me to a level of a professional trader. The step by step instructions are fantastic and Im absolutely sure that anybody, whether they have been long in this business or newcomers, will raise themselves to a professional level should they follow your clear and concise instructions. Im myself is a living proof. I just couldnt believe myself that Im really trading like a pro after following your specific instructions on how to become a successful traders. My trading satisfaction, not to mention my profitability, improves significantly. I wouldnt trade this book with any other books in this world. A real classic. rdquo Khairi A Wahab - Kuala Lumpur, Malaysia quotWhenever I receive information from David, I have come to trust it as concise, current and excellent practical information which I can use immediately. David has once again produced an excellent condensed guide in quotUltimate Trading Systemsquot containing many valuable insights and pointers to becoming a successful trader. From my personal experience and application of much of what is contained in quotUltimate Trading Systemsquot, I can only but recommend David and his services and Ultimate Trading Systems - Highlyrdquo Mike Murray ndash Business Consultant amp Trader Johannesburg, South Africa quotDear David, Thank you for the Ultimate Trading Systems. I have followed and committed your to your Step-by-Step Instructions. It taught me true money management and more importantly it taught me how to use stop loss orders to minimize losses. True enough, it can indeed be called the Holy Grail of trading. Wish I have it years back Keep up the good workrdquo Jason Tan - Penang, Malaysia This is the strategy I was waiting for. I have already started to implement your suggestions and I can see it working. Thank you very much again. rdquo Frank - Perth, Australia quotThe Ultimate Trading System by David is truly the most comprehensive and practical course available in the market, covering all the key winning aspects to the development of a sound and robust trading system. The entire package is simply awesome How I wish I had this course when I first started in the world of trading. Thanks for sharing so much vital information in your indispensable and highly recommended course. Thanks again, Davidquot Terence Tan KB - Singapore Irsquove finished reading Ultimate Trading System and Irsquom impressed by it. It is a must-have manual for anyone who wants to become a successful trader, but does not know the way. Each lesson is an easy read and comes with specific action steps that, when followed faithfully, will lead a complete novice to the path of becoming a professional trader. This manual debunks many myths held by so many unsuccessful traders and leads you to various resources yoursquoll need to trade successfully. I will definitely recommend this manual to anyone who is new or have been running in circles trying to profit from their trading activities. rdquo After reading your Ultimate Trading Systems ebook, I found that it tells the truth in trading. Simply the best book I ever read about trading the market Thanks Darren Tan - Kuala Lumpur, Malaysia This is the strategy I was waiting for. I have already started to implement your suggestions and I can see it working. Thank you very much again.8221 Frank - Perth, Australia quotExcellent All successful traders say you need to develop your own trading system based on your own personality. but there are very few books on the market that show you how to actually do this. Finally here is an easy to follow, step-by-step process that will allow anyone to develop their own successful system. quot quotThe methodology in the quotUltimate Trading Systemsquot book is excellent and well presented. You direct readers to other experts for specifics, an approach which saves the novice traders huge amounts of time and keeps them on the safe and proper track. New traders especially will benefit from this. quot quotAs a new share trader the Ultimate Trading Systems will assist me in my future trading. At this stage of my growth it provides many details which fill my knowledge gaps. quot Robert - Canberra, Australia quotI found it very informative and easy to read. Even though I have my own trading plan which Ive used with success Im always looking for ways to improve it. At this stage Im generally pretty happy with my plan but Ill no doubt incorporate aspects of your plan into mine after Ive re-read it a few times. quot Absolutely wonderful - NO I mean. Your manual ROCKS Youve simply put together a jamb-packed, informative, step-by-step approach to trading. o) Youve done it so well in fact, that its like you made what was once a narrow and crooked path of learning into a quot6 - Lane Express Highwayquot leading to a canyon filled with GOLD Youve simply got the ability to guide your readers through an amazingly clear and uncluttered learning curve of what it takes to grasp the fundamentals of trading successfully Youve by-passed all the so-called experts, cut out the misinformation, taken out the clutter and used your own quotin the trenchesquot experience to develop an amazing 11-step plan to become a successful trader. To some people, this may seem so few steps. but youve presented it in such a way that there is no other alternative to learn unless people want to do it the hard way Instead - Im all for your awesome tool to successful trading Thanks so much David I hope you continue to use your remarkable ability of training individuals to trade in an entirely successful wayquot J Eric V. Van Der Hope - Professional Trader amp Author foundationofsuccess

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