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Category Archives: Forex Trading Articles

A Profitable Forex Trading Strategy.

Searching for success.

There are 100s of Forex trading strategies that are used by traders, but not all of them have the potential to be profitable. Traders spend a lot of time searching for a profitable trading strategy, but the majority of them never find a strategy that they have enough confidence in, to enable them to trade with big money.

search forex strategyMany traders think that the reason they are not making money consistently, is because of a lack of discipline. They believe that their losses are down to their own inability to follow a profitable trading strategy, when in fact the real reason they cannot make money is because their strategy is weak.

I agree that discipline plays a major part in the success of every trader, and it is something that is very hard to truly master, but you also have to have a proven trading strategy to work with, or you have no chance of success. When you trade with a great strategy, and you have mastered discipline then you will become a very successful trader.

Finding a profitable trading strategy.

searching through shitThe problem faced by many traders is finding a strategy that has the potential to make profit consistently in the Forex market. This was a major problem for me when i first started out, as i did not know what worked and what did not work.

Would i be wasting my time and effort trying to learn something that would never be able to make money consistently. I know that this is a problem that many traders face. You can waste years learning and back testing strategies, only to find out that they do not work, and its very frustrating.

I am fortunate that i am a quick learner, so it took me a lot less time to wade through all the crap and get to the really good strategies that can make you lots of money.

Are you a frustrated trader?

When you first start on your Forex journey you inevitably come across many Forex training websites that will claim to be able teach you how to trade. So many traders will invest a few 100 bucks in something and start to learn what is being offered.

frustrated traderAfter a number of months or even years of learning, the majority of traders are left frustrated because of their lack of profitability.

I know of many such websites and training providers that claim to be this that and the other, but in reality they do not understand the business at the level required to be able to offer training, and although they are not charging a fortune for their services, its the time that you lose that’s the real killer.

The lost years learning to trade.

It is very important that you find the right trading strategies to learn, as it takes years to be a truly great trader. Yes you can be profitable in a few months with the right training, but to be consistent week after week month after month will take a lot more time.

lost yearsTime is an extremely valuable commodity that some people do not fully respect. Yes you may have lost a few 100 bucks learning something that doesn’t work, but how long has it taken you to find out, and how many more strategies will you learn, that do not work either.

You can get back the money you have spent on these crap websites when you finally learn how to trade, but you will never get back the time that they have taken from you. I have been there, i have wasted my time on their shit too, and although the money is insignificant, the time that they have taken from you is very significant, and lost forever.

The strategies i teach.

forex trading strategiesI trade and teach many strategies, but everything i teach makes money. I do not teach strategies that are not profitable. I value time above everything else, we are not on this planet for very long and your time and mine is very precious, and i would never take time from anyone and teach them crap that does not work.

My Forex training course is not cheap, but its worth every penny i charge and more. The knowledge that i have about the Forex business has been built up over years and years of chart study, time that i will never get back, but its been time invested wisely by learning some really great stuff that i can now pass on to my students.

Knowledge + Time = Success.

formula 4 successThis simple formula is all you need to be a great Forex trader, but the most important part of the formula is knowledge.

Time on its own will not bring you success. Time will bring knowledge, and the more time you invest, the more knowledge you will have, and the closer to success you will be, but learning to trade this way is the wrong way in my opinion.

The quickest way to learn, is to find someone with the knowledge you need, and invest the time with them, and success will come much quicker. If you have ever learned anything in your life you will most likely have learned it from someone else. Learning to read, learning to drive, learning your job, so why would learning to trade Forex be any different?

How Do You Assemble Flat Pack Furniture?

What has flat pack furniture got to do with Forex trading?

man with flatpackForex trading is a big mystery to many people.

Traders search high and low to uncover the mystery of trading, but the truth is, trading is not as hard as it looks, if you know what you are doing.

Every job requires you to have certain skills to be successful, Forex trading is no different.

If you can learn to assemble flat pack furniture, then you can learn to be a great Forex trader.

The rules of the market.

To be successful a successful trader, you have to understand and follow the rules of the market. How many times have you opened a box of flat pack furniture and proceeded to put it together without reading the instructions first? How far do you get before you mess something up and have to go back and read the instructions?

Trading is the same, you can jump in at the deep end thinking “i know how to do this”, and then you quickly find out that you don’t, so you have to go back and read the instructions.

Getting the correct instructions.

instruction manualOk, so this time you are going to do it right. You open your new wardrobe and start to read the instructions. But whats this, the instructions you have in front of you, are how to put together a chest of draws, not a wardrobe. So what do you do?

Well some of the instructions can be applied to both the wardrobe, and the chest of draws. So you muddle through as best as you can, and cobble together the wardrobe by using the instructions for the chest of draws. You have a few bits left over but it looks ok. Lets hope it lasts longer than the other one did.

The hidden message.

If you did not see the hidden message in the last couple of paragraphs i will explain it. Whether you are assembling a wardrobe, a chest of draws, or trading Forex, you need the correct education to be successful. Whether you are aware of it or not, 95% of the Forex trading education you receive, either free or paid is wrong, and trading based on that education, will just leave you frustrated, out of pocket, and with a half finished wardrobe.

If you want to trade like a professional trader, you have to be educated by a professional trader.

For more information on my Forex training course click here.

Unfortunately, i will not be able to teach you how to put together flat pack furniture, but i will be able to teach you how to trade Forex. So you can then pay someone else to assemble your flat pack. Or do what i did, dump the flat pack and buy a nice bit of oak. Lovely. 🙂

A Horse Called Forex. How Many times Have You Fallen Off?

Do you have a horse called Forex?

How many times have you fallen off and got back on again? In the early days i fell off quite a few times, and every time i did i said that’s it, I’ve had enough, i am never trading again. But after a few hours, or sometimes a few days, that horse would be looking at me and saying, come on, get back on, and let’s try again. Forex trading was in my blood.

I am sure many of you can relate to this situation. You really want to trade well, but you are struggling to find good entries, or your stops always seem to be getting hit, or you are doing silly things, like jumping in to try and catch a big move. You have a few good days and then wham, you’re off the horse again.

Forex Grand NationalTrading can be very much like the Grand National for many traders, staying on the horse on the flat is not too much of a problem, but come to beecher’s brook, or the chair, and you are falling off again.

I am going to let you into a little secret. Many traders make a common mistake when they are trading, and that is they focus on making money, rather than being a successful trader.

Making money is a by product of being a great trader. You have to be a great trader first, and the money will come later. If you focus on making money you are trading emotionally, and if you are doing that you will make more mistakes, and you will fall off the horse more often.

Another common problem for a lot of traders is they do not really know what they are doing wrong, this is primarily because of a lack of knowledge. But if you are confident that you do know what you are doing wrong, but you are still struggling, then type out a list of the things you are doing wrong and keep it on your desk, or put it up on the wall in your trading room, to keep you focused.

Knowledge is everything in Forex trading.

To be a successful trader you have to have many qualities. The most important quality you need in my opinion is knowledge. You cannot be a successful trader without that. If you do not know how the market works, and what makes prices move, you will always struggle. You can have the other qualities that you need, like patience, and discipline, but without knowledge you will never be a consistently profitable trader.

Forex KnowledgeAll the information that you need to be a successful Forex trader is contained within the chart, but to be a successful trader you need to know how to read that chart.

Many traders think they can read a chart, but the truth is they can’t. They think they know what’s going on, but then the market does something weird, and unexpected, and what looked like a great set up, is now turning into a losing trade.

If you can relate to this, then you do not fully understand what the chart is telling you to do.

In my experience, the market will do something weird or unexpected about once a month on average. The rest of the time it does exactly what i expect it to do. So if you are experiencing unexpected weird market moves more regularly than that, then you lack the market knowledge needed to be successful. And let me tell you this right now, its not your fault you lack the knowledge you need, and its nothing to be ashamed of. Your knowledge is not up to scratch because the majority of information available to you to learn from, is poor at best.

Professional Forex training.

To be a great brain surgeon you need professional training, to be a great doctor you need professional training, etc etc. So why do some Forex traders think they can teach themselves to be a great trader? You would not try to do it in any other profession, so why try to do it in Forex? If you try to teach yourself how to be a brain surgeon you could kill someone. No one is going to die if you try to teach yourself how to trade, but your bank balance is going to get killed that’s for sure.

Professional Forex TrainingTo be successful in any profession you need to have professional training. Why are 95% of Forex traders losing money? Because 95% of Forex traders are teaching themselves to trade, or paying a few 100 bucks for a pretty pathetic Forex training course that will not teach them anything of value.

Why are so many graduates looking for internships at investment banks, or hedge funds? Because they want to be trained by professional traders. If trading was easy they would pay a few 100 bucks for a Forex training course, and be on their way to their first million, but we all know that there is a little bit more to it than that.

So what conclusions can we draw from the experience of continually falling off the horse. Well the first conclusion is that you are doing something wrong. So if you do not find out what it is, and do something about it, you are going to continue to fall off. Doing the same thing over and over is going to produce the same result.

What do i need to become a winner?

Forex Winners

In my experience the main problem you are facing is a lack of understanding. So you have to acquire the knowledge you need to be successful.

You have to find a professional trader that is prepared to educate you to give you the knowledge you need to be successful. Its a lot easier to be patient and disciplined if you have sound trading knowledge backing you up.

So if you have fallen off that horse called Forex more times than you care to remember, and you still want to get back on, then Forex trading is in your blood, and only 2 things can happen. You can either go broke, or you can reach out for help.

Realistically there is only one route you can take if you want to stay on the horse long enough to win the race. You need to be trained and mentored by a professional Forex trader.

If you have managed to make it to the end of this article, you now have 3 options.

Option 1. You can get back on the horse, do the same stuff, and fall off again, until you run out of money.
Option 2. You can contact me and i will teach you how to stay on the horse, and become a winner.
Option 3. You can shoot the horse and quit. 🙂

Which one are you going to choose? Option 2 looks like the favorite, and a pretty safe bet to me.

Beware Of Forex Training Websites With Buy Now Buttons.

Strange warning you may think? Why should you beware of Forex training websites with buy now buttons, or subscribe now buttons?

Well lets look at it logically. What does it say about someone who is prepared to take your money for something that may, or may not be what you need? It may be what you want, but what we want, and what we get, are two different things right? We all want a better life, we all want to make loads of money, and work hours that suit us, and spend more time on holiday, and more time with our friends and family, but its not as easy as that in the real world is it?

Buy now button ForexSo on your journey to provide a better life for yourself and your family, you stumble across a Forex training website, and think, this looks like a good idea, they are telling me everything i want to hear, it fits in with what i want from my life, and the price looks reasonable, there is a buy it now button, so i am going to go for it.

Now just think about what you are doing, you are not buying a dozen eggs, or a bunch of bananas, you are investing a whole lot of money in a new business idea that could make you a small fortune if you pick the right mentor, or it could cost you a hell of a lot of time, money, and heartache, if you don’t.

Forex training websites.

There are 100’s of Forex training websites online that all claim to be able to teach you how to trade, but can they really deliver what they promise? These companies and individuals that claim to be able to teach you how to trade Forex, don’t know who you are from Adam. How can they make a judgement on everyone that visits their site, and claim to be able to teach them how to trade. They don’t know your background, your financial situation, your level of education, or your suitability for this business, but they are more than happy to make big promises, and to take your money via a buy it now button.

Now despite what many of these sites have to say, not everyone has what it takes to become a successful Forex trader. Its a job that 95% of people fail at. So what does that say? Its says that no matter how many of these sites you visit, and pay your money to, you are 95% likely to fail. But who cares? Well you do obviously, but do they? No they don’t. As long as they have your money that’s all they care about. Some of my students have paid out a lot of money to many different training websites before they decide to come on board with me. They have also lost a hell of a lot of money in the markets too, by following the weak trading strategies that these websites promote.

forex training websitesWhen a potential client contacts me i assess their suitability for this business, and if i think they are not suitable i will tell them. If i think they do not have what it takes to become a successful Forex trader i will not take them on, its as simple as that. I don’t make any bones about it, and i will tell people the truth. I am not a Forex training company that makes money by making big promises on their websites, but delivering very little in the way of high probability Forex trading strategies. I am a successful trader that wants to pass on his market knowledge to people that have what it takes to succeed in this business. I want to train people to become successful Forex traders, that’s my goal, and if i don’t think you have what it takes, i am not going to take your money.

What do i need to be a successful Forex trader?

To be a successful Forex trader, you have to be trained by someone that cares about who you are, and if you have what it takes to be successful. You also need to be trained by someone that can teach you how the 5% make money in this business. Why waste your time and money paying training companies that teach you what the 95% are doing, you can get that crap on the internet for free. What i teach is how the 5% trade. If you want to be a successful trader that is what you need to learn.

Unlike most of these Forex training websites i don’t need to teach to make my money, i make plenty of money from trading, but i do enjoy teaching, and i am looking at the bigger picture. I want to find and train people that can manage multi million dollar accounts, people that can run hedge funds, people that can compete with the best traders in the world, that is my ultimate goal. The amount of money that can be made in this business is unlimited. And i want to find and train people that can trade at the highest level.

So, if you are considering entering this business, please think very carefully about who you decide to employ, to teach you how to trade. And ask yourself, do these all singing all dancing Forex training websites with big promises, really have your best interests at heart, or are they just interested in taking your money, and teaching you the same old crap that you can get online for free.

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