Tag Archives: high probability
The Secret To Successful Forex Trading
What does the market do everyday?
If you think about it logically the market can do 3 things every day. It can go up, it can go down, it can go sideways, but it always does something. The market does not stay at the same price for 24 hours, its always moving, it never stays still, and if its moving, its moving for a reason, and if you understand why its moving, then there are opportunities to make money from those moves.
Most traders fail to understand why the market moves as it does.
They think price goes up because people are buying, they think price goes down because people are selling, and they think the market goes sideways because people are not buying or selling.
That can sometimes be the case, but its not always the case. Most traders react to what they see on the chart, if they see prices going up they buy. If they see prices going down they sell.
So why is it that 95% of traders lose money, if they are doing what the chart is telling them to do?
Why traders lose money in the market.
The reason most traders lose is because they buy when they should be selling, and they sell when they should be buying. The reason they lose is because they buy when prices go up, but because they don’t know why the price is going up, they don’t know how long to hold the trade for, when prices then reverse they get stopped out. The same applies if price is going down.
How much money would you be able to make if you knew why price was going up or down, and you knew how long you could hold your trade for to make maximum profit. Not because of buying or selling, but because of some other factor that’s making price move.
So you have had no success with buying or selling into a move, so you try to catch the bottom or the top of a move. Prices start going up, so you sell. Prices start going down so you buy. Prices keep going so you add to your losing trade, and prices still keep going. When you have been stopped out prices then reverse.
Why did you lose your money? For the same reason that you lost it before. Because you were buying when you should be have been selling, and you were selling when you should have been buying. Whether you are trend trading, or counter trend trading you need to know why prices are moving, and whether you should be buying or selling.
Its not just as simple as buyers or sellers. Prices move for many reasons, and you need to know that reason before you enter a trade, so you are on the right side of the move.
Understanding the Forex market.
I get a lot of calls from traders that think i have some sort of magic formula for trading the markets. A holy grail, or a guaranteed method for Forex trading success. Well guys i have to confess that i don’t have such a thing, as such a thing does not exist. No one knows with a 100% confidence what will happen next in the Forex market. But if you fully understand what is making prices move, and take high probability trades based on that understanding, then you can be a successful trader.
I am not the master of the market, or a Forex trading guru, and i cannot promise you untold riches by enrolling on my training and mentoring program, but what i can promise you is that i will teach you what you need to know in order for you to be successful, and if you devote the time required to learn what i teach, then you will be a consistently profitable trader.
Embrace new ideas and beliefs.
How i trade, and what i teach is very unlike what you may have come across before, and it can take some traders longer than others to fully embrace what i teach, and adapt their trading strategies accordingly. It can be a struggle for some traders to get in the mindset of how a professional Forex trader thinks, and how he trades.
If you have been trading for a number of years and losing money all that time, it can be hard to let go of your learned behavior, and look at the market in a different way. Some traders however, will see my stuff as a light bulb moment in their trading journey, and my teachings will literally transform their trading overnight.
So to any prospective students reading this, if you are considering coming on board with me, please have an open mind, and be prepared to embrace new ideas and thought processes about how the market works. What i have to say will turn your understanding of the market on its head, so be prepared for some shocking revelations.
Use your understanding to trade with confidence.
I trade Forex with confidence and an unrivaled understanding of the forces that drive the market. My entries and exits in the market are based on high probability reversal points.
Some of my entries and exits are so precise, that it does sometimes seem like the market is dancing to my tune, which has prompted some of my students to ask me if i have a contact on the inside, someone feeding me information on where to enter and exit the market. 🙂
It does sometimes look that way, but i can assure you i do not have a contact on the inside, and there is no slight of hand involved.
Everything i trade and teach is based in what the chart is telling me to do. I am not going to go into detail about how i trade, and how i teach, but its all based on market knowledge. All the information you need to do what i do is contained within the chart.
Don’t waste time and effort with free education.
There are many Forex training companies, or individuals that will give away free information, or make videos of how you should trade the market. There are 1000’s of free videos on You Tube that you can spend years trawling through. I respect those people for taking the time to put together training videos to help people learn how to trade Forex. But the sad fact is they are a waste of your time and effort.
You have heard of the saying you don’t get something for nothing, well its true 99% of the time. You can spend a few years going through all this stuff on You Tube, and don’t get me wrong, its entertaining stuff, and you will learn a lot of the basics, but as far as making money goes, there will be very little in there that will help you in that regard.
The secret to successful Forex trading.
I am going to give you something now that will help you in your journey to becoming a profitable trader. This is a very important part of what i do, and in my opinion is the real secret to successful Forex trading.
Most people think the Forex market is random, but its not. I have been in this business long enough to know that no matter how random it looks, its not random. The market is very structured. The same things happen, time and time again in the market, and when you understand the market as i do, you can easily pick up on these recurring events, and use them to make a profit from the market.
This is what i teach you in my training course. I teach you to recognise the recurring events in the market, and how to profit from them. And i am not talking about chart patterns, like head and shoulders. Although head and shoulders are a very good pattern, if you know how to trade them correctly.
I am not talking about buying and selling at trend lines, or support and resistance levels. I am not talking about Elliot Wave, or Harmonics, or Moving Averages, or MACD or Bollinger Bands or any other indicator that you can find to give you trade signals. What i am talking about here are the guaranteed moves in the market that happen every day.
Use what you know about the market to make money.
This may seem like a strange statement, but try and think about what i have just said.
Use what you know about the market to make money. Think about what you know about the market, and what makes price move. What do you really know, with the highest probability? Work out what you are most confident about, and trade based on that.
If you are unsure about how price is going to move then don’t trade. You need to focus on probability to be successful. Be proactive in your trading not reactive. Analise the market for probability, and trade when the probability of a successful trade is most in your favor.
Thanks for visiting my site, and have a great day. 🙂
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?
So 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.
When 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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Thanks for visiting my site and have a great day. 🙂
Weekend Trading Update. Great Week Of Training This Week.
Morning all. This week has been a very busy week for me training wise, and i have not had that much time to focus on trading myself. I have taken a few trades, but not as many as i normally would. I did have a loser this week for -37 pips, but i still came out of the week with my 100 pips target intact. 🙂
Although i have not made that much money this week i am very happy with what i have accomplished. My new students are doing very well and are starting to see, and trade the high probability set ups that i am teaching them.
If you are a regular follower of my blog you will know that i have not been teaching for that long, but teaching is going to be a major part of what i do, and i get so much more out of that side of the business than i get out of trading. Trading is great, and i love it, but its a really good feeling when you are teaching traders how to trade profitably. Traders that have been trading Forex for a number of years and losing money, that are now understanding how the market works, and how to profit from it, and they are realizing that they no longer have to give their money to their brokers, and their days of losing money in the market will soon be over. Traders that have always dreamed of becoming profitable are now closer to their dreams and its all because of your training. It don’t get much better than that i can tell you. Can i just say thanks to the guys who have been giving me some great feedback this week, i really appreciate it, and i am looking forward to next week. 🙂
OK here are the trades i took this week.
Monday i had a great set up on Euro Dollar, but i had lost my news feed so i did not take the trade. I don’t trade the news but i like to listen to it to give me an idea of whats going on in the market. After that trade i did not get any other set ups. I think it was bank holiday in Europe so it was pretty quiet.
Tuesday, was not a great day. I entered Cable long at a key reversal level but price took another 4 hours before it reversed. It was one of those slow grinding moves lower that do not give you any opportunity to get out of the trade. Normally you will get some sort of pullback to enable you to get out, but on this move it just kept going. I decided to call the trade in at -37 pips. It went down another 10 pips before it reversed very aggressively, as i expected it to do when i got into the trade. It was an unusual move, and i should have waited for a better entry signal, but when you are trading off reversal levels you have to make the call to either enter at the bottom or wait for the reversal to start. I decided to enter at the bottom, but it was not the bottom unfortunately. 🙁
Wednesday i took Euro long for +30. I also took Dollar Cad short for +20.
Thursday i took one trade late on, on EJ long for 38 pips. I love trading EJ as you can get your pips really quickly.
Friday i took 2 trades very late in the day. I had a few hours off on Friday, and took my wife out for lunch. I was waiting for some key reversal levels to set up, and they came into play at after the UK session had closed. I don’t normally take trades at that time on a Friday, but i had been waiting for these trades since Thursday morning so i decided i was not going to miss the opportunity. I took EJ long for 39 pips and AJ long for 37 pips, which was a great bonus for the week.
Total trades for the week 6. 5 winners 1 loser. 127 pips profit.
I currently have one spot left for one to one training. When that has been taken its going to be 2 months before i can take on any more students. If you wish to take the spot please ring me on 07939 42 7000.
Weekend Trading Update. New Earn While You Learn Forex Trading Room.
Good morning. This week has been very busy for me. I have had a few new students start in the last 2 weeks so i have been spending a lot of time with them, trying to get them up to speed as quickly as possible. So its not been a normal trading week for me.
I have also changed the way i run the earn while you learn option. I used to just give entries and exits and stops, but i found myself spending more and more time explaining my reasons for taking the trades, so i decided to set up a new live trading room for the earn while you learn students.
So now if you go for the earn while you learn option, not only will you be getting the chance to copy my trades, you will also be getting extra training in the live trading room. The feedback i have been getting from the students that are in this new room is very positive. They are really benefiting from the sessions, and their understanding of the market is greatly accelerated.
I have not taken as many high probability trades this week as i normally do, as i have been teaching for most of the week, but here is an update on the trades i did take.
Monday i took 2 trades for 41 pips. I took USD JPY long at 10154 up to 10181 for 27 pips. I also took Cable short at 15365 down to 15351 for 14 pips.
Tuesday i took 2 trades for 35 pips. I took AUD long at 9904 up to 9919 for 15 pips. I also took Cable long at 15234 up to 15254 for 20 pips.
Wednesday i took 3 trades for 67 pips. I took AUD long at 9857 up to 9888 for 31 pips. I also took Cable long at 15197 up to 15221 for 24 pips. I also took Euro long at 12856 up to 12868 for 12 pips.
Thursday i took 2 trades for 28 pips. I took AUD long at 9804 up to 9817 for 13 pips. I also took AUD long again at 9303 up to 9818 for 15 pips.
Friday was a bit of a tricky day as there was a lot of news about, and i am very wary with trading when news is out. I was very busy with teaching on Friday too but i did take one trade on Dollar Cad which was stopped out for 10 pips loss. The trade did work out, but i had a very tight stop for the benefit of the new students.
Total trades for the week 10, total pips 161.