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Forex trading is the best job in the world.

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Making money is easy if you know how to trade.

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I will teach you how to trade like a pro.

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Education is a journey to a better life.

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Knowledge is the key to success.

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How The Scottish Referendum Will Affect The Pound.

What is the Scottish referendum, and how is it affecting the pound?

Unless you have been living on another planet for the last few weeks, you will no doubt be aware of the fact that on the 18th September the people of Scotland will vote on whether Scotland should be an independent country or not.

scottish independenceA poll released last weekend saw the majority of voters voting for independence, which caused uncertainty in the pound, and saw a huge gap on Cable at the open on Sunday night.

Cable continued to sell off on Monday, but recovered for the rest of the week as various polls saw a change in sentiment giving the no vote the lead.

Cable is very close to closing the Sunday night gap now, but with more news flow leading up to the vote, we will be in for a pretty volatile week for the pound. So keep your stops tight if you are trading cable this week, and prepare to be in for a bumpy ride.

So what does independence mean for the people of Scotland? If you have ever watched the film Braveheart with Mel Gibson (which is a really great film) you will be aware of how passionate some Scottish people are about independence, and many wars have been fought between England and Scotland over it. So its pretty ironic when so many people have fought and died, that it now comes down to a simple vote, to decide the future of bonny Scotland.

Who is the man behind the campaign?

Alex Salmond is on the verge of doing what William Wallace failed to do, and give some Scottish people what they have waited for, for over 300 years, but can the man sometimes mistaken for a fish, really pull off the biggest victory in the history of Scotland. Some say he can, i say he cant.

I personally think that when push comes to shove the vote will be no, as i believe the people of Scotland however patriotic, have too much to lose by becoming an independent country, and they know that deep down in their brave hearts.

alex salmond the man behind the fishAlex Salmond is one tough cookie, and he has battled his way over many years to get to this point, and he has to be commended for that. But the day of judgement is nigh for Alex, and his political career is on the line on Thursday in this make or break vote.

Will he get the vote he so desperately needs, or will it be another Neil Kinnock moment, when victory was snatched away from the Welshman at the final hurdle, and handed to John Major, crushing Neil Kinnock’s dreams of becoming prime minister.

I feel that Alex will suffer the same fate on Thursday, and his dreams of becoming leader of an independent Scotland, and getting is hands on our oil will be left in tatters, as the people of Scotland will vote with their heads and not their hearts, and vote no to independence, and Scotland will stay a part of Great Britain, even if it is not so great anymore.

But staying part of Britain will surely be a better option than risking financial ruin, as British businesses have vowed take all their money and jobs out of Scotland, which will leave Scotland as the poor man of Europe. So a no vote has to be the only option in my opinion.

We can expect more volatility on the pound this week leading up to vote. A yes vote would see a huge sell off in Cable because of the uncertainty, and a no vote would see a large move up. I personally will be looking to add long positions on any major weakness in the pound, as i believe the vote will be no, and a stronger pound will be the result of that vote.

I would like to wish Alex and the people of Scotland good luck on Thursday, and i hope that whatever the outcome of the vote, it will be the right decision for the future of Scotland.

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.

Live Forex Chat For Prospective Students Is Now Available.

live Forex chatWho is that funny little man in the bottom right of your website? lol. Yeah he’s a bit cheesy i know, but what do you want for free. 🙂

The live chat is very kindly provided by Tawk, and hopefully it will give prospective students an easy initial point of contact.

If i am online, which is most of the time, the live chat facility will be available, and yes it will be me at the other end.

If i am in lessons or trading, i may not be able to deal with your request right away, but i will get back to you asap.

I am probably opening a can of worms with this live chat feature, and i will more than likely be bombarded with advertising sales people, introducing broker offers, and SEO companies guaranteeing to get my website to number one on Google.

So i am going to say right here right now. The live Forex chat facility is for prospective students only. If you are a broker, an SEO company, an advertising company etc etc, please do not use the live chat.

If you use the chat facility for anything other than to speak about my Forex training course, i will cut you off. With all due respect i am far too busy to be wasting my time chatting to sales people.

So if you are a Forex trader, new or experienced, that is struggling, and you would like to have a live chat with me about the prospect of becoming a student, then i would love to hear from you.

Please try to refrain from asking questions like, how much is your Forex training course? (you will find that information here) or what’s your opinion on Euro Dollar? or can you give me any good trades for free? I think you get the idea.

The chat is there for the benefit of traders that are serious about coming on board. So please bear that in mind before you use the live chat facility.

Thanks for your understanding and have a great day. 🙂