Show Buttons
Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkdin
Share On Pinterest
Share On Reddit
Share On Stumbleupon
Hide Buttons

Tag Archives: course

Trading Statement From One Of My Students.

Trading Statement From One Of My StudentsOne of my students has been kind enough to allow me to share their trading account statement from last week. The student has completed my training course and has been live trading for around a month. You can see by the statement that they are trading very conservatively and building their account size gradually as i recommend.

This student had no prior Forex trading knowledge before coming on board with me, so they have had to learn everything from scratch. More experienced traders will obviously be taking higher value trades, but i wanted to show you what can be achieved if you have had no prior Forex trading experience.

The statement shows 23 trades taken with one small loss. The pips banked per trade are not huge, but when you are learning you have trade conservatively. 23 trades in a week is far more than i would take on an average week, but taking more high probability trades and banking less pips while you are learning is fine by me. Some traders like to wait for the bigger pip moves, and take less trades, and some like to take more trades but for less pips. It just depends on your trading style.

If you click on this link you can see the statement. There are 23 trades taken with one loss. That is a 99.6% win rate. 🙂

Trading Statement From One Of My Students

Please note: I did not solicit this trading statement. The student sent it to me of their own accord, to show me how well they were progressing. This statement does not guarantee that you will achieve the same 99.6% win rate after completing my training course, but i will teach you the same trading strategies that i have taught this student. The rest is up to you. As a guide i would expect the majority of students to initially achieve a win rate greater than 80% after completing my course, but after perfecting your skill, you should be well over 90% as i am.

If you wish to learn how to trade Forex using high probability trading strategies please consider my Forex training course.

Ozzy Dollar Hits My Target. Cable Weakens. Euro Moves Higher.

Ozzy Dollar hit my price target yesterday so i took it long. Well it actually hit 10226 and my target was 10225 so i was out by 1 pip. 🙂

If you have been reading my posts over the last few updates you will see that I had been targeting this area as a possible long trade for a few weeks now, and it finally hit on Tuesday. I actually entered the trade a little early at 10227 just to be safe, as i knew this was a strong demand area and it may not hit my 25, and that turned out to be the case. The price quickly moved away from that area so i knew it was a good trade, so i let it run rather that taking a logical exit.

Ozzy had been moving down towards that area for a while now, so a big move up was on the cards. As i had waited for the trade for a while i let it run overnight to get the full benefit of the move. I don’t mind holding Ozzy longs overnight as i get paid a good chunk on the rollover. I would not hold a short position overnight though unless it was unavoidable.

I closed the trade earlier today as the move seemed to have stalled a little, but i managed to get out at 10354 for 127 pips. I don’t mind waiting for a week or so for a move like that. I think it could have a bit more left in it, but i am very happy with my pips.

Cable has been moving down since Monday, and was punished further today by Mervyn King who gave a Draghi like press conference on the state of the UK economy. I have a price target on Cable of 15270 so its got a bit further to go yet. I think we will see a bit of a rally first though, before a move down to that level.

Euro has been recovering some of its losses since the Mario Draghi press conference, and peaked today at 13518. I took it short at 13506 so i missed the top by 12 pips, which is a pretty big miss by my standards. The move down was helped by some Euro negative news by the ECB saying Euro strength will hurt the recovery of the smaller countries in Europe. I took it down to 13468 for 38 pips. I re entered the same trade at 13485 down to 13440 for another 45 pips.

Euro Yen has been up and down this week trading in a nice range. We have had a couple of nice trades on that this week. First trade was on Tuesday at 12680 down to 12560 for 120 pips. We took it short again today at 12620 down to 12570 for 50 pips. The good thing about EJ at the moment is it does yield a lot of pips when you manage to trade it. You need to have a larger stop though on that one at the moment, as its very volatile, so you can get stopped out if you are too tight.

I will give a full update on the weeks trading activities at the end of the week. If you are trading this week have a good one. 🙂

Don’t forget, if you want to learn how to trade Forex the right way, please consider my Forex training course here. It will be the best investment in the Forex business you will ever make, i can guarantee that. My training is not cheap, but you get what you pay for and its worth every penny. What i can teach you will totally transform your trading and change your life. I will teach you something that 95% of all other courses do not teach you and that is how to make money from Forex trading.

Ozzy Dollar And Cable Move Lower, Yen Moves Higher

Groundhog day again. Ozzy and Cable are moving lower and Yen is moving higher.

Yen pairs moved to new highs again in the Asian session but have been retracing for most of the day. The Yen is very weak at the moment and the selling sees no sign of letting up any time soon.

AUD made a little up move on Monday but weak numbers out last night have seen it make another leg down today.

I did mention in my post on Friday that Ozzy would continue lower this week with a target of 10225, which could get hit tomorrow or Friday if the slide continues. Unemployment figures are out for Ozzy later this evening so that should see some action in the pair.

Euro continued its move down on Monday from the sell off on Friday. We saw a strong pullback yesterday on the back of comments out of Europe saying the Euro is not high enough to warrant action from the ECB. That pushed the price up significantly but we have seen it slide again today.

The ECB rate decision is out tomorrow so we are unlikely to see much movement in Euro Dollar until that news is out. The consensus is for rates to remain the same. I think if we see the Euro above 140 we will see a rate cut, but until that happens i think they will leave rates on hold.

Cable was doing OK on Monday until poor numbers came out that saw it make a sharp move lower. I think Cable has a got a bit further to go yet before we see it come back. There is talk of QE and a possible downgrade that is weighing on Cable.

I would just like to state that i do not trade fundamentals or news. I am merely commenting on the pairs i trade to try and give you an overview of what is happening. It makes no difference to me what news comes out and when. I only trade price action. I trade what the chart is telling me to trade.

OK trades so far this week are as follows.

Monday we took Cable long at 15696 up to 15744 for 48 pips. We also took AUD short at 10437 down to 10400 for 37 pips.

Tuesday we took EJ long at 12410 up to 10480 for 70 pips.

Today we took Euro long at 13515 up to 13545 for 30 pips. We also took AUD long at 10297 up to 10329 for 32 pips.

If you are in the markets this week have a good week. 🙂

If you wish to learn how to trade Forex please consider my Forex training course.

What 95% Of Forex Training Courses Don’t Teach You.

There are many Forex training courses available online, some are very good, but the majority are a complete waste of money.

So how do you know what is a good Forex training course and what is a bad one? The simple answer is you don’t.

You can do some research on the internet on the various courses available to get some feedback, but you will generally find some people will say great things about a particular course, and some people will say its rubbish. The only way you can really find out is to take the course.

Now if you are new to Forex trading you could take a course, but you would not know if it was good or bad, as you have no prior knowledge of Forex trading, so you have nothing to compare it to. You will only find out how good the course is, when you start trading, using the information you have learned. If you make a lot of money then the course is good, but if you lose a lot of money, then you will find out very quickly that the course is bad. Just on that subject, i prefer to teach traders that have had experience of Forex trading, as they can fully appreciate the benefits of what i am teaching them. Most of my students are totally blown away by my high probability trading and my market knowledge, but its always harder for me to convey the power of what i am teaching to new traders, as they have not had any experience of trading the wrong way and losing money. But i don’t mind, teaching is a challenge and i love challenges. 🙂

Here is a good statistic for you to contemplate. 95% of retail Forex traders lose money. Only 5% of retail traders will consistently make money week after week, year after year. Now if you assume that 100% of retail Forex traders have been educated to some degree, in the art of Forex trading, because lets face it, we all have to learn how to trade, trading is not a skill that you are born with. So assuming that 100% of Forex traders have been educated, can you then assume that 95% of the information available online, whether that is free information, or a paid training course, is going to lose you money? Yes you can. If only 5% of retail traders make money, only 5% of the Forex training information available, whether free or paid will give you the education you need to enable you to consistently make money. 95% of the Forex education information out there will lose you money.

Many people come to me after taking various Forex training courses previously, that have lost them money. So why does the Forex education taught by 95% of Forex courses lose you money? The reason for this is that they fail to deliver on the main objective. So what is the main objective of taking a Forex training course? If you said “to learn how to trade” then i am sorry but you are wrong. The main objective of educating yourself in the art of Forex trading is to make money. This is where 95% of Forex training courses fail in my opinion. They will all teach you how to trade, some to better standards than others, but they will not all teach you how to make money.

This is where my training course differs from all the other Forex training courses. I will not only teach you how to trade, but i will also teach you how to make money. This is why my website is called “trade Forex make money”, its not called “learn to trade Forex like 95% of retail traders do” :-).

I am in the 5%, and my training course will put you in the 5%. I will teach you how to make money trading Forex. Which is what 95% of Forex training courses don’t teach you.

For more information on my Forex training course please click here.