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Tag Archives: trading

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 20 or 40 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 20 and the 40 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.

Forex Volume Set To Rise. USD JPY To Stabilize – Credit Agricole.

Article Courtesy of Credit Agricole.

The views expressed in this article are the opinion of Credit Agricole FX market analysts. Please feel free to share.

The holiday season is in full swing and for some this may mean that markets will settle down as liquidity dries up in the coming weeks.

Our evidence suggests that Forex volume tends to go up in August, however, data releases and events can trigger renewed spikes of short-end vol across G10. It remains to be seen whether the combined effect of the multitude of idiosyncratic shocks will be sufficient to fuel a broader risk off move. Even so, we have added to our portfolio a long XAU/CHF trade as a risk-off hedge. Another interesting strategy is to identify cheap FX volatility to benefit from accentuated market moves on the back of event risks and thin market liquidity ahead.

Next week’s data calendar is laden with data releases like US non-farm payrolls, and events like the BoE Inflation report and the RBA policy meeting.

The BoE inflation report may struggle to exceed the dovish market expectations ahead of the August inflation report, and that could help GBP consolidate more broadly. We remain long GBP/CHF going into the release. Investors are looking for another solid US payroll and earnings data.

JPY should remain in the spotlight ahead of the announcement of Abe’s fiscal stimulus next week. We expect Japanese stocks to recover some more as a result and that should help USD/JPY stabilize.

Ahead of the RBA, markets see a greater than 50% chance of a rate cut. We also see a non negligible risk of policy action and stick to our tactical AUD/USD short. The FX options markets do not seem to be pricing in a significant scope for spot moves making AUD short-term gamma an interesting buy as well.

That said, we remain bulls on AUD/NZD over the longer-term, and expect the upcoming NZ unemployment and inflation expectations data to fuel rate cut expectations ahead of the August RBNZ meeting, and keep the cross supported. Potential disappointments from Chinese PMI data could keep both antipodean currencies under pressure against USD.

credit agricole

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 🙂

Learn How To Trade Forex Like A Professional Trader

I don’t often share trading statements on my blog, but i have decided to share this one, as it shows not only that i have the skills and market knowledge to be able to teach you how to trade like a professional trader, but it also shows some interesting statistics regarding profit and loss.

To be a successful trader.

To be a successful trader you have to have market knowledge. Knowledge is by far the biggest asset to a successful trader. Many traders say that psychology or discipline are the most important things you have to master. They say that if you are not a disciplined trader, or you do not have the correct mindset then you will not succeed.

Both of these attributes are needed to become successful, but having the correct market knowledge and understanding the forces that drive price, is the most important thing you need to learn. You can have the greatest discipline in the world, but without market knowledge you will not be successful.

The importance of profit and loss.

Profit to loss ratios can sometimes be overshadowed by win to loss ratios, but profit and loss is a key factor to long term profitability. Lots of traders are turned on by a high win to loss ratio, but winning 99% of your trades is no good if the one loser blows out your account.

The statement below shows where you need to be regarding your profit to loss ratios.

best forex system

When i am hitting it out of the park i can have a win to loss ratio of above 95%. Yes that’s pretty impressive i know, but its the profit to loss ratio that really counts. As you can see from the trading statement, the win to loss ratio is 73.98%. Now while that is not particularly high, the profit to loss ratio is very good, with a gross profit of £34,763.81, against a gross loss of £3996.01. Which is a profit to loss ratio of almost 9 to 1.

How do you achieve a high profit to loss ratio?

Cut your losers quickly and let your winners run. I am sure you have heard that statement before, but its probably one of the hardest things to do in trading. No one wants to take a loss, that’s completely natural, but letting your losers run too long will kill your profit to loss ratio.

To achieve a consistently high profit to loss ratio you first have to have a great strategy. When you have developed your trading strategy you have to trade it as mechanically as possible. If the reason for entering a trade has changed, then get out of the trade as quickly as possible.

For example. You enter a trade at a specific price point as you expect the market to go in your favor. As soon as the market does not do what you expect it to do, and the reasons for entering that trade are no longer valid, then exit the trade. There is no point sitting in a losing trade hoping it will come back.

Sitting in losing trades hoping they will come back just grinds you down. It also stops you from looking at other trading opportunities, as you are glued to the chart, watching every move your losing trade is making. Just take the hit and move on. If you have a good strategy then you will soon get back that small loss.

You can see on the statement that the largest profit on a single trade was £427.60, against the largest loss on a single trade of £74.89. So even though the win to loss ratio is not that high, the profit to loss ratio is. So a consistently high profit to loss ratio will always trump a high win to loss ratio. If you can have both then that’s even better.

Learn how to trade like a professional trader.

If you want to be successful in this business you have to trade like a professional. All professional traders have sound market knowledge, and good profit to loss ratios. Forex trading is a cut throat business. This is not a Sunday afternoon kickabout in the park, its a ruthless business where only the best traders will survive.

You have to be on top of your game if you want to mix it with these sharks. If you are not the best you can be, they will eat you for breakfast. Trading at a professional level is something that i believe is almost impossible to learn on your own. Getting educated and mentored by a professional Forex trader is a must as far as i am concerned if you want to trade full time and make it your job.

Yes i would say that, as i offer education and mentoring. But listen, i am a trader first and an education provider second, and that is an important thing to remember. I am not a Forex training school, that offers the same old rubbish you can get on the internet for free. What i teach, you cannot get on the internet, or anywhere, free or paid.

My Forex training course is not cheap, but when you have the market knowledge to enable you to turn £10,000 into over £40,000 in less than 6 months, then i am sure you can see the value in what i am offering. If you cant see that, then i am sorry but i can’t help you.

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

Thanks for visiting my blog and have a great day. 🙂