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: forex trading

Will 2018 Be The Year That You Make It As A Forex Trader?

Rob TaylorEinstein once said that the definition of madness is doing the same things over and over again and expecting different results.

So will 2018 be your year for Forex trading success? Not if you are doing the same things that you were doing in 2017 it wont.

Less than 5% of retail traders consistently make money in the market. Why?

Retail trading strategies don’t work, its as simple as that.

What do i mean by a retail trading strategy? A retail trading strategy is any strategy that uses beliefs about the market that are incorrect. Beliefs that are built up by years of watching You Tube video’s and visiting sites like Forex Factory and Baby Pips.

Retail traders do not understand how professional traders trade. Despite all the so called Forex gurus that claim to be able to teach you how to trade price action, or teach you how to trade order flow, or teach you how the big banks trade, or teach you how the institutional traders trade, retail traders are still in the dark about what really goes on in the Forex market.

The big banks do not trade how you think they trade, the institutional traders do not trade how you think they trade, professional traders do not trade how you think they trade.

Why are you doing the same things over and over again?

Because you don’t know any different that’s why. You have been brainwashed by charlatan educators who claim that they know what they are talking about, when they don’t. You have taken too many courses for a few 100 bucks, and you think you know how to read a chart, but you don’t.

How ever you reached my site today i would like to thank you for visiting, but before you click away just stop for one second and listen to this. This is a pivotal moment in your Forex trading career. If you read some of the articles on my site and click away then you have just missed an incredible opportunity to find out what you have been searching for your whole trading career. How the Forex market really works.

I am a real life professional trader. I have talked the talk and walked the walk. I have been where you are now, i have done what you are doing now. I have many T shirts to prove it. And now i am prepared to share all of my years of knowledge and experience with you, to enable you to change the way you look at the market forever. I don’t just claim to know what i am talking about. I actually do know what i am talking about, and i prove it to my students day in and day out.

So let 2018 be the year that you do something different. Let 2018 be the year that you finally realize your dream of becoming a successful trader. Let 2018 be the year that you get a proper trading education from a real trader that makes his money from trading, not from training.

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

Thanks for visiting my site, and remember this is a pivotal moment in your Forex trading career, are you going to click away, or are you going to contact me and see what i have to say?

My New Forex Training Course.

My New Forex Training CourseAs some of you already know i recently launched a new Forex training course called learn to trade in 5 days, and i thought i would post an update on how that’s going.

The course teaches my number one trading strategy, and is an alternative and more affordable option to the full 15 or 30 hour courses in which i teach all of my strategies.

I had a good feeling about it when i decided to offer it, and the response to it has been very encouraging.

I would like to thank everyone that has signed up for the course so far. Some traders have taken the course already, and some are waiting to start.

The feedback i am getting from the people that have taken the course is very good indeed, as is the feedback from the 15 and the 30 hour courses. I have had a couple of traders say that i need to post some feedback on the site to let others know how good my stuff is.

Now i am not the type of person that goes in for pages of made up feedback testimonials to encourage people to part with their hard earned money, but having a few genuine testimonials from real traders who genuinely want others to benefit from what i teach, is only going to be a good thing.

I have many visitors to the site, that look at my courses, but for whatever reason, probably the price 🙂 decide not to contact me. Now let me just say this to all of those people that visit the site and click away.

If its the price, then i understand. If its not affordable then what else can you do. But to those people that can afford to pay me to teach them, i would like to say this. Please please please please please do not get me confused with all the other charlatan educators out there. If you have been scammed, ripped off, cheated out of your money by these crooks, then i feel very sorry for you, but i am not one of them.

I had an email from a guy yesterday that had paid over £20,000 in the last 5 years to these crooks. He is now having to take out loans to pay for his healthcare because hes lost all his money. It makes me sick, it really does. But these charlatans do not hide in the shadows, waiting to pounce. They are all there in plain sight, so called professional traders with flashy websites telling you how good they are, and how many people they have successfully taught how to trade.

I am not going to name them as they will probably sue me. They have very lucrative training businesses to protect after all, but please do not fall for their lies. These people do not care how much money they take from people, or how many lives they ruin, they are not professional traders, they are con men pure and simple. If you want to learn how to trade you have to pay a real professional trader to teach you, not a professional marketing guru.

What i am offering to teach you, you will not get anywhere else. What i can teach you about this business will change your life. If you want to be a successful profitable trader then email me, give me a call, or Skype me, and listen to what i have to say.

I will be getting together some testimonial’s/feedback for the new training course next week. So please check those out when they are on the site. Once again i would like to thank those who have put their trust in me. I have enjoyed teaching you, but not as much as you have enjoyed learning from me. 😉

Thanks for visiting my blog, and have a fantastic weekend.

10.01.2017. Reviews can now been seen here.

An Easy Way To Improve Your Trading Success Without Risking Any Money

Demo trading is not suitable for everyone.

Most traders start their trading journey by demo trading, which is a sensible way to start. Why risk real money in the market if you don’t know what you are doing.

forex demo tradingDemo trading is fine for new starters but some people find it difficult to stick to their trading plan as they are not trading with real money.

I had a real problem taking demo trading seriously when i first started, so i pretty much went on to live trading very quickly, and lost money, as most people do.

If you are like me and you have the same problem with demo as i did. You will probably be doing the same things i did.

Things like, not stopping yourself out of a bad trade on demo as you are not losing real money.

Sitting in bad trades and waiting till they come back. When they don’t come back you blow the account, but it does not matter because its only demo, and you can easily open another account.

Trading with too big a lot size to increase the demo quickly, to give yourself an ego boost, so you can convince yourself you are ready to go on to live trading.

Jumping in and out of trades, again to try and boost the account quickly to give yourself a false sense of trading success.

I have done it all, and this type of behavior is sub consciously reinforcing bad habits in your trading, which are very difficult to break when they are ingrained.

So whats the answer? Well the answer for me was to start live trading, and pay the market for my education, by giving it my money. But there is an alternative that could be the middle ground between live trading and demo trading.

Forex trading competitions.

forex trading competitionsI am sure many of you know about Forex trading competitions. Well if you don’t they are generally run by brokers or Forex related websites as a way of generating new business.

Anyone can enter these trading competitions for free. They give you a demo account, and the competition can last for a few weeks to a few months. They offer prize money, generally for the top 3 traders which can be anything from a few 100 dollars, to 1000s of dollars.

The good thing about using Forex trading competitions as a way of improving your trading success is you are accountable for your trades. You are trading against other traders so in order to progress up the list you have to stick to the plan. You cant trade recklessly as you do with demo trading.

The problem i found with demo trading is there is no reward at the end, so its difficult to take it seriously in my opinion. By using trading competitions there is something to play for, an objective, and that is to win. You can win a great prize or a lump of cash without risking any money at all.

Trading competitions are not for everyone though, but if you are having trouble with taking a demo account seriously, then entering a trading competition is a viable alternative in my opinion to trading with real money.

Thanks for visiting my blog, have a great day 🙂

3 Critical Tips For Choosing A Forex Broker

The importance of choosing the right forex broker is often underestimated. New traders with dreams of getting rich quick often look for features that are not important, and can even do more harm than good. In this article, we describe the three most important things to look for when choosing a forex broker.

1. Choose a broker who is subject to strong forex regulation.

The importance of this cannot be understated. Unregulated forex brokers are able to take advantage of you in ways you do not even realize. A prime example is slippage. Slippage is the difference between the price your trade is executed at, verses the price that was quoted when you placed the order. Slippage is a normal part of trading, because prices fluctuate all the time, and can easily move in the short time between when you place an order, and when it executes. However, unregulated brokers can pass the unfavorable slippage on to you, but keep the favorable slippage for themselves. This increases your transactions costs, and the effect can be significant over time, especially if you are a scalper.

The CFTC & NFA have arguably the strictest forex regulation in the world, and they audit their brokers regularly to make sure that slippage practices are neutral. This is just one of many ways that forex regulation can protect you as a trader.

2. Choose a broker who obeys the law.

This may seem obvious. However, it may surprise you to know that as of May 2015 there are only two forex brokers left in the United States who have never been fined by the regulators. The rest have been fined or banned from doing further business. Even in the face of strong regulation and regular audits, forex brokers still try to get away with cheating their clients. Do you want this kind of broker handling your money? Of course not. If you screen for United States forex brokers from this broker review page, you can easily see which brokers have been fined, and which have a clean regulatory record.

3. Choose a broker with low transaction costs.

Transaction costs are a lot lower than they used to be, and you may think this does not matter much to your trading anymore. If so, you are mistaken, and the following example illustrates why:
Say your starting account balance is $20,000. You have a simple trading system with a 30 pip stop loss and a 30 pip take profit level. You leverage 10:1 and you win 55% of your trades. Broker A offers a spread + commission of 2.5 pips, and Broker B offers a spread + commissions on only 0.7 pips. You make 450 roundtrip trades per year, which is just under two trades per day. The following chart shows the results after one year:

tips for chosing a Forex broker

The chart shows that with Broker A:
• 83% of your gross profits get lost to transaction costs
• Your net profit for the year would be $4,500 or 22%
With Broker B:
• Only 23% of your gross profits get lost to transaction costs
• Your net profit for the year would be $20,700, or 104%

In this example, you are clearly better off with Broker B. The difference in transaction costs will have the greatest impact to your trading if you trade frequently, or have a narrow trading edge.

This article was kindly provided by Forex Scam Alerts, who provide advice about the risks of forex trading and how to avoid scams.

If you enjoyed this article, and think it would benefit other traders, please like it on Facebook, tweet it on Twitter, or bookmark it using one of the social bookmarking buttons below.

Thanks for stopping by, and have a great day. 🙂