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SYSTEM 17 Forex Trading

 

 

Here's a "Secret" that all Professional Forex Traders will agree with

Professional Trading System "There are no SECRETS to trading successfully!



So for goodness sake what do you have to do, or know, or have, or be, that will allow you to make money trading the Forex Markets ?



Read on and I'll expain what you need, what you must know, what you must do to finally become one of those making money rather than giving it to someone else.

 

What you Must HAVE



This is simple yet so elusive..



You must have a system or method to trade that "works" Sounds so  obvious yet this is where almost all aspiring traders fail. If you don' have a long term successful way to trade then you will be constantly changing what you do and never creating an "edge" that is what all professional traders have developed.

 

What you Must KNOW



To develop a long term successful method or system you need to know a heck of a lot abut the markets, how they work, you need to know the mathematics of trading, risk-v- reward, percentage winning -v- losing trade and their long term effect.

Trading successfully is simple….

But NOT easy and it takes a great deal of patience, determination and persistance to learn what it is that you must know
What you Must DO



Even knowing what you need to know about the markets, even having the tools to do the job, isn't enough.

You have to Do It !



Trading is not a spectator sport and you simply have to learn by experience, to be and do the things a professional trader would do before success will come to you.
What does a Professional Traders trading account look like?.

What is it realistic to expect? Just how much money can they make?Professional Forex Traders Account

Well opposite is a statement for one months trading where a profit of $5058 was made on a $23k account in 51 trades. (you can click on the image to see it fullsize)
Yes – this was a good months' trading – a very good month. The point is that it can be done. More normally we'd see about half that amount. (this is just one account trading a single currency)

But notice there are plently of losing trades – in fact ony 56% of the trades were profitable – but also notice that the winners were nearly twice as big as the losers. Ths is one of the keys to success…..

By now many of you will be asking, "what system is this?"  Is it a Robot, what timeframe, waht was the initial risk, what……  so many questions.

So let me explain some more of the details in the video below. It's only 5 minutes and will answer many of your questions.

       

 

 

 

 

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Forex Trade Alerts

As a professional Forex Trader something I get asked often is “why can’t I tell others what trades I’m doing?”  Why can’t I provide a “signal service”

My answer has always been that I’d rather teach you to trade for yourself than have you rely on me to make your trading account grow. Also signal services have a pretty bad reputation – they promise a lot and deliver little usually. That’s because most people have an expectation that us “professional traders” can make vast sums of money very quickly.  That leads many signal service providers to make exaggerated claims and even maybe produce false statements because without that no one would be interested in a service that “only” makes 10% a month.

So, it’s with some more than a little apprehension that I announce the TRADERS-HUB Signal Service.

Why apprehension? Because this service will provide “real” trades based on four hour forex charts using simple indicators and price action to determine trade entries and simple but consistent trade management with a view to catching the rare, but hugely profitable big moves the markets sometimes make. Along the way risk is reduced and most trades turn out as small winners, but with of course a reasonable number of losing trades also.

It’s a fact that has taken me many years to absorb, that we trade 90 out of 100 trades and only break-even (talking longer term trading here – 5 minute charts are somewhat different!) It’s just the last 10 trades that make profits. These are the 10 most profitable trades and can add up to significant profits – but they take time to come along. You can’t make the market give you profits! The best way to trade is to be defensive, lose as little as possible whilst “allowing” the market to give you profits when the time is right.

Like many things in life trading is about being in the right place at the right time. You can’t make money if you’re not in the market so my way of trading is to err on the side of taking too many entries and manage the trade to reduce risk quickly in the knowledge that sometimes, just sometimes, the price will go your way and keep going!

Many people will find this a difficult way to trade as there can be some long losing runs but they’re kept small compared to the occasional big winners which over time will put us ahead.

There's a list of signal service trade alerts since January 2011 here together with more details about how to join the service.

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Forex Trading Survey Results

The Results from the Forex Trading Survey are In. 

I will be producing, as promised, a FREE course or Webinar in the next few days- I'll keep everyone informed but for now here are some details of the Survey:-

The results from the Forex Trading Survey

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What Stops you Trading Successfully

Well, what stands between you and the mountain of money that everyone says you can make trading??

I have over the years produced volumes of information to improve people's trading but tell me now, for you, what would Really help you most. Complete the survey below and within the next week or so I'll get back to you with a SOLUTION that might just the final part of the jigsaw for you.


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How and Why do Prices Move

How and Why do Prices Move?

In this first How To Trade Forex lesson we’ll look at the mechanics behind price movement. We’ll examine the Market Psychology and what you and I as traders do that effects changes in price.

Let’s look at trading in the old fashioned, but still used, “trading pits”. We do this because what happens is more transparent and therefore understandable in these open outcry markets. Let’s say it’s the September Corn trading pit and the market has just opened. Price yesterday closed at $350/bushel. Several brokers around the pit have orders from their clients, some to sell from producers who have decided that now, with price at $350 they would like to lock in that price. Some other brokers have sell orders from clients who bought Futures Contracts at $325 so want to take the $25 profit per contract. Other brokers have orders to buy from say breakfast cereal manufacturers fearing prices may rise still higher and want to avoid the impact that would have on their bottom line.

Thus we have both traders wishing to sell to exit the market, traders wishing to sell to enter the market, and the same for buyers.

So who wins?

The answer to that depends on how the various traders place their orders, how quickly they want to get their trades filled and, of course, how “speculators” come into it. That, by the way is us! Speculators are the lubricant that allows the large trades held by the brokers to get filled; we have no special price to get a trade at, we have no particular direction to trade. Speculators just wait for an opportunity then trade accordingly.

Let’s say that our broker wanting to sell at $350 has 150 contracts to sell at, or as close as possible to that price. He kicks things off by telling his floor traders to sell whenever price hits $352. as a “normal” size trade maybe only 5 contracts it could well take quite some time to get all the 150 contracts sold at that price – price may of course fall consistently and never hit $352. He’ll need a new plan, but for now we’ll assume that price does move up and gets to $352. Now every “buy” order will be met with one of the 150 “sell” orders at that price. Price will drop to $351 as the market waits for another buy order at $352. If, and when the next one comes along it will immediately be greeted with another sell order from the 150 to be sold.

This shows on a chart as “resistance” and will last until either, the 150 sell orders are filled and there is no longer a barrier at $352, or, there are an overwhelming number of buy orders that push price above $352. The floor traders will still be selling the 150 contracts but at an even better price – this may just spark into life a new strategy by the broker to take advantage of even higher prices.

Once that broker has his 150 contracts sold he’ll move onto a new plan for his next large order from one of his clients who have been watching the market and now decided to act with an order to buy or sell at given prices.

Imagine an ordinary auction where there are 10 of a particular item to be sold to the highest bidder. If there are 20 people in the audience who would like the item then most likely the items will easily well above their reserve price. If there are only 5 people who wish to bid then price may struggle to meet the reserve price even once, leaving all the items unsold.

So it’s supply and demand that drives prices in a market, be that a small local auction, or the Global Forex Market. Price is constantly looking for equilibrum where supply and demand is in balance, and for periods of time price finds that point and settles down. That may last for a minute or hours with price only moving a small distance before returning to “fair value”. Then something will change the status-quo and the balance moves up or down to a new level and price again starts to move up and down to find that level.

This price action continues constantly and generates three decernable price patterns:-

Congested – where price is for a while in equilibrium
Range-Bound – where price is seeking “fair value” by gyrating  up and down but with no overall upwards or downwards bias
Trending – where the “fair value” price is steadily and constantly moving either up or downward – price still gyrates about the ever changing fair value price but has a trend either up or down.

In an ideal world traders would trade each different phase using different methods but it takes time to discern which state the market is in and by that time the phase can, and often will have changed. So the challange for traders is to trade in a manner that is able to accomodate whichever phase the market is in. This rarely possibly with a single trading “system” and what we must do is develop suitable systems for each phase of the market.

Therefore the aim of HowToDayTradeFOREX is to give students sufficient knowledge of the markets to enable each individual to trade in a way that they are comfortable with and that is working “with” the market.

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I Can Teach You to Trade

Tell me, What would be the absolutely best way to learn to trade successfully?

From a book,
a webinar,
an online course,
maybe a video course…..

What about actually sitting next to a professional trader for a couple of hours day for 2 weeks?

Have him explain how he trades, what he looks for, what he uses, how he manages trades; everything!
What if he shared with you the exact details of the set-ups, what his psychology is, what is realistic, what works, what doesn’t.
Wouldn’t that enable you to move your trading to a higher level?

And it was that realisation that promted me to create a BRAND NEW trading course that is, at the moment, exclusive to my contacts such as yourself.

“I Can Teach You To Trade”

I took all the previous training lessons, videos, webinars, and ebooks I have done over the last five years teaching and distilled them into a structured teaching program that I could use to teach anyone who came to my office and sat beside me for a couple of weeks.

When you look at how most, if not all, professional traders got to be successful you find that they had to endure a two year plus learning process where they read books, went on courses, bought online information etc.
It was HARD! and is why 95% fail…..

I wanted to create something that would make it easier to learn to trade, make success more likely, provide the whole picture…

The result is “I Can Teach You To Trade“. A 10 part multi-media trading course that is the result of 5 years teaching people to trade and that is guaranteed to move your trading to a new level. It’s as close as I can get to have you sit beside me for 2 weeks.

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Forex Trading in Harmony with Prices

Do you trade FOREX “in harmony” with price action?

Is your trading chart so full of technical indicators that you miss the most important aspect of trading?  WHAT IS THE PRICE DOING!

Tomorrow (Wednesday 5th Jan) I’ll provide links to the next 3 days of Daily Video Tutorials. You’ll simple need to register with your name and email to view.

Trading should be, no, HAS to be, simple

There are really only 3 ways to trade although there are, of course, many variations but if you know which of the 3 basic models you trade, then you’ll understand what to expect in terms of risk/reward, profitable trades percentages, and length of losing runs.

By understanding these you’ll develop faith and confidence in whatever way you trade.

Back tomorrow with a link…..

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Merry Christmas and a Happy and Prosperous New Year


MERRY CHRISTMAS & A HAPPY NEW YEAR

May you and all your friends, relatives, and loved ones enjoy a relaxing and enjoyable Christmas.

I’d like to thank everyone I have met, talked to, helped, and mentored this year – why? – because you have all helped me as well……  thankyou.

Have a successfull and prosperous New year

Best Regards

Matt

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2011 Trading Plan

Achieving any goal is the result of 2 things. Firstly a carefully designed “plan” based on realistic expectations based on experience. Second, is the consistent implementation of the “plan” on a daily basis.

Trading Forex is no different to anything else – create an achievable plan and “JUST DO IT” everyday

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Forex Blogs

Forex Blogs – I’ve just looked at some Forex Blogs – thought I might get to see what other professional Forex Traders are writing about to help their members and followers.

What a load of rubbish!

All they can write about is this Forex Robot, or some Expert Advisor software or how they make 1000 pips a month with no losing trades.

Nothing about Professional trading using the correct tools and techniques.

What they do of course is “tell people what they want to hear”. There’s huge interest in trading, especially forex, and these guys just take advantage of people being gullible and perhaps greedy and lazy and ……

TRADING IS NOT EASY, FOREX TRADING takes time, effort, patience, and determination. But then the World is YOURS….

Check out the Forex trading courses I offer – real world – real education – real trading

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