It’s no secret that I couldn’t possibly market my Forex products on my own, and I partner with a fantastic marketing and advertising firm that takes care of everything, including when I get a wild idea to do a members’ survey. I can’t share all the results with you, but over the next week, I’ll be updating you with some of the results and pertinent information we learned about traders and trading from them. Have a look at this: Of the traders we surveyed (and there were a lot!) over 50% trade every day, with another 44.57% trading a few times a week. That’s both fantastic and potentially really, really […]
“Trading is the best profession in the entire world.” I really believe that, at least for me, and if you’re reading this you probably think it might be a great one for you too. When you do it right, it’s profitable, consistent, and most importantly for me, flexible. To be able to design the life I want instead of carving a small existence out on the edges of a J-O-B, means everything to me and to my family. Here’s the thing that nobody believes, though. Trading is not rocket science! Once you learn the basics, it’s actually pretty simple and a whole lot of fun! It’s true that you have […]
There are tons of so-called trading gurus out there promising people the world at the touch of a button. They are lying to you. We can automate huge parts of your trading, with indicators and algorithms to more accurately predict trends, and to even ping your smartphone when a candle peaks or plummets to meet an optimal condition for you to trade, but what no one can yet do with any long-term, realistic accuracy is create technology to trade for you. TAs v. ‘Bots: A Common Misconception A Trading Assistant (TA) is just that. It is designed to assist you in best knowing when and how to place or exit […]
I recently received a question on social media that got me thinking. The guy wanted to know a 12-month “performance record” on my accounts trading my new system. While it would be easy to spew numbers at him, we’re traders and we know how easily numbers can be manipulated. I hide nothing from my students. All the trades and accounts shown on my system website are the real deal. What this obviously educated guy wants is a guarantee that no matter what he does, the system will make him money. Here’s my response, just as I posted it to him: I agree, a 500 pip stop and a 5 pip […]
If you think Moving Averages (MAs) are boring, you may be using them wrong. To make really profitable trades we have to trade with the momentum of the trend and the best way to see the trend is to watch your MAs. You can calculate an MA on your own, but after you’ve done it once or twice, why would you want to? They aren’t complicated, but how much time do you have to spend calculating averages? To calculate a simple MA, you go back over, say, the last 50 days of closing prices for a currency pair, add them all together, and divide them by the number of sessions/periods […]
Hi traders, welcome to my new blog, it’s great to have you over and to say thank you, I’ve got a special gift for you. This won’t cost you a dime and there are no hoops to jump through. CLICK HERE TO DOWNLOAD Forex Master Control FREE It’s called the Forex Master Control and it is a premium-level system that I could easily have sold for $500 to $1,000. I made a video on the download page explaining exactly why I’m just giving this system (and the custom indicators) away free so check it out here: CLICK HERE TO DOWNLOAD Forex Master Control FREE The Forex Master Control is a simple yet powerful […]
I’ve said it before and it bears repeating… “With everything good in Forex comes something bad.” I swear I’m going to put it on a poster someday. It’s true in life too, but Forex makes it really apparent. But like in life, knowing how to guard against the bad (risk) to smooth out the good (gains) in a consistent upward motion, is what progress is all about. The Trend Is Your Friend So, we talk a lot, and I mean A LOT, about the “trend” in Forex. Why? Because Forex is about statistics and probability. Seeing the trend, verifying the trend, and understanding what pullbacks (small reversals in direction) mean […]
$4500 in One Trade = A Good Day.
Are 30% a month returns really “doable” in Forex? This is a question I get a lot, especially in light of the fact that a standard S&P 500 “traditional” investment yields around 7% annually. A picture is worth a thousand words, right? So, here’s my answer to that question, that I recorded a few months ago for some of my students.
As a Forex trader, you are the one that will ultimately be pulling the trigger. That sounds like a given, but when it comes down to it, the decision to place a trade is yours. That being said, the responsibility also becomes yours. You become responsible for the losing trades, and of course, for the winning trades. Once you choose to execute that trade, there are no gurus, no TV new channels, no signal services, no husbands or wives, and no trading systems that can take responsibility. That now lies in your hands. This shift of responsibility makes you a more calculating trader, and in doing so will make you […]