How Traders Get Profit That Make Others Think They are Psychic

The word is out about the Trading Mastermind's new Ying Yang Forex Trading Course and already thousands of traders around the world are eyeing the new complete training program hoping to become one of the elite group that will see the astounding trading method demonstrated live every day in real time.

Last week, we had given the world a chance to take a glimpse at Trading Mastermind’s latest breakthrough and now we bring you another sample from The Yin Yang Forex Trading Course.

In this video clip, Scott Shubert talks about the actual process of identifying the beginning and end of the trend. This is a vital part in one's trading because this is what Forex trading is all about. In order to trade successfully, the trader's primary concern is to identify the beginning and the end of a trend, as well as to identify the beginning and the end of a correction.

The Yin Yang Forex Trading Course reveals how to trade on all time frames in any market condition and how to enter at the beginning of a good movement in price and exit close to the end of it on the appropriate time frame.
Now you have the power to create an endless stream of profit that far exceeds your living expenses.

3 Most Dangerous Problems in Trading Forex

Just like any business, there are some roadblocks that my hinder your path to success in Forex trading. These problems if not addressed correctly may result for the trader to give up easily. It is not a hidden secret that there is risk involved in Forex Trading.

But as with any business, Forex Trading involves managing risk. If you understand how to manage your risks then I would say that Forex Trading is relatively, not necessarily risky and your path to success can be less rough than others. Let’s take a look on some of the most dangerous problems in trading Forex.

Improper Training

Training process plays an important part in trading. Without it, it’s like driving a car with a blindfold or walking in a very dark room. Proper training can get you started right in forex trading. And like any business it will take some effort, some experience, some time and a lot of patience.

Although it is overlooked by most traders, it is worth having a mentor. The process of learning and understanding the market may speed up with the help of a mentor. There are numerous websites, forums and webinars on the web that can help a trader but because there’s TOO many, someone will either be confused or overwhelmed with the said resources. So, if you are going for the expensive seminars or coaching programs, just make sure that the mentor has first-hand experience in forex trading.

Undercapitalization

Trading undercapitalized is one of the biggest problems in forex trading. A lot of traders fail in the business of forex trading because they have in their mind that they have that certain amount of capital to start with and if they lose that capital then they give up. Most traders who are new in forex trading also hope for high profits but do not have the mindset to stick with proper money management.

It is worth considering that in forex trading slower means faster and less is actually more. If you are really serious to make forex trading as a means to live, treat it as a business that requires careful knowledge gathering and serious investments. Take time to gather the capital that you need and before trading with real money, make sure that you are familiar with the platform that you picked as well as with the system.

Overtrading

Traders with small capital often go beyond their risk limits and open huge orders hoping to profit quickly. But in doing this, you are on your way to losses or burning down your account. Even the most experienced traders sometimes go through this once in awhile. Overtrading can lead to 2 things: emotional exhaustion and/or mental exhaustion.

Overtrading can stir up emotions that may lead to wrong decisions. It can impair your concentration and proper analysis. Sitting in front of the screen can wear you down intellectually and even if nothing is going on, you feel pressured to do something even if it makes no sense.

Forex Trading Videos

Learning Forex Currency Trading Online

There has never been a better time to learn Forex currency trading online. Although there are many Forex training materials available online there are very few that will actually produce measurable results for most people. In the Forex trading industry there are many different approaches and strategies being taught and used. A few people are having extraordinary results with consistent profit and today's technology enables any Forex trading entrepreneur to have access to the knowledge that those traders are willing to share.

A good place to start learning for free is in a forum. However, it has been my experience that some of the most popular Forex trading forums are inhabited by some of the more negative minded people in the industry. Newcomers who even make a slightly positive comment about Forex trading will sometimes be attacked by the obviously unhappy people who resent the idea that it is possible for others to easily succeed. Most forums will actually damage your ability to succeed rather than help. That is why our Forex trading forum was formed with the intention of helping and encouraging only. Negative comments are simply deleted and users who consistently display negative attitude are permanently banned.

A Forex video training course is one of the most effective learning tools for enabling students to master the art of trading. As opposed to live seminars which are also more expensive, Forex training videos can be viewed at any convenient time and replayed again and again. There may be sections that warrant repeated viewing while other sections can be viewed briefly or skipped. The video format for learning has proven to be extremely effective for learning trading principles quickly.

Live web conferences are another amazing tool for aiding the process of learning Forex trading. In a live web conference or webinar participants can interact in real time hearing the presenter speak and seeing her screen while explaining or demonstrating Forex trading entry signals. The presenter can also pass the screen sharing feature to any participant so that he can ask questions about what he is seeing on his charts. This medium has accelerated the learning process tremendously for many Forex trading students. It is this kind of technology that makes learning Forex currency trading online a very enjoyable and effective process.

The Quest for the Perfect Forex Broker

Finding the ideal Forex broker is a lot like finding the ideal spouse or relationship. You may make a list of all the qualities that you desire in a partner but then when you are faced with the reality of what is actually available in reality, your criteria may become more flexible. Since the last time I researched Forex brokers about three years ago there have been some positive changes in the industry. At the same time the two brokers where my accounts were held have had some negative changes. One has increased their negative rollover swap rates to more than twice the amount of their positive rates. The other has made negative changes to their margin policy and their privacy policy.

The criteria that a beginner looks for in Forex brokers is usually quite different from the criteria that an experienced trader looks for after trading successfully for a period of years. For instance a beginner may look for the lowest minimum account size, the lowest PIP spread, and the highest leverage. An experienced trader may not consider any of these things but may be primarily interested in the company's integrity, type of business model, country of location, regulation, and type of trading platform. A beginner may only look for brokers who provide free charts. A professional trader might subscribe to several professional charting services and may never use charts provided by a broker. A beginner may be lured by the biggest ads in a trading magazine. A professional trader may trade with a broker that does very little advertising but has a reputation that is known by word of mouth.

When choosing a Forex broker it has become critical to consider the stability of the country where the company is based and the type of regulation, if any, that oversees the Forex trading industry of that country. In the U.S. the spot Forex market is still unregulated which allows brokers to adopt business practices that may be less than ethical. Some traders look to Switzerland, a country that has traditionally been know for its strong banking industry and financial strength even in times of international conflict. In today's high technology world it is easy to open an account in an overseas country and make wire transfers easily and quickly.

Wherever you choose to open your Forex trading account the choice you make is certainly worth some investigation and research. It is wise to have some criteria in mind and talk with the customer service representatives from several brokers. If you have done your due diligence you will feel much more confident about the long term success of you Forex trading business.

Philanthropy: The Secret Key to Lasting Wealth and Achievement

In these desperate and trying times, who do you turn to when things go wrong? A world that sometimes seems so cruel and unkind with no one reaching out to help you through your deepest and darkest black hole. You are alone and hollow. Your tears have run dry.

How horrendous this is when this happens to you and your life becomes a desperate nightmare!

Fortunately for people who have lost hope, there are hands that reach out and make it their advocacy to give back the love for life. These are the philanthropists whose desire is to make this world a better place to live in by supporting charitable causes or creating a charitable foundation themselves.

Philanthropy is an innate desire to improve the social, economic and spiritual wellbeing of humankind.

Philanthropy is not only for the rich and powerful, it’s for everyone to learn and master, this is becoming and truly being a person who is selfless and has known his purpose in life. Everyone has the ability to help someone even in a small way such as letting an old woman go to the front of the line in the bank or giving a coin to a street child who stands hungrily watching people entering a fast food franchise.

Men and women differ in their perspective when it comes to giving or donating. Studies shows that men tend to give to have a building named after them, pressure from office or peers or get a seat on a board of directors and women on the other hand give to make a difference, pass on family tradition and give back to community. Well, it might seem that the women have humanitarian reasons while the men have utilitarian views.

Whatever reason we might have in giving doesn’t really matter as long as we give and try to make a difference to alleviate the plight of the world.

Just put in mind the principles of powerful philanthropy which are: financially educate yourself, put your finances in order (spend less, save more, invest wisely and give generously), right mind set (you are a philanthropist!), think of your legacy you will leave in this world, consult professionals when giving donations and make it a family affair to teach your kids the values of giving and helping make this world a better place to live in.

Being a philanthropist does not necessarily mean you are a big spender, so better be thrifty and be wise in making buying decisions so you could save more. Most importantly is how to invest wisely and create wealth and affluence that offer an ideal lifestyle for yourself as well as enabling you to make contributions to worthy causes. In our Forex trading community many entrepreneurs have expressed the desire to use their knowledge and skill in currency trading to contribute something worthwhile and meaningful to others less fortunate. Having a strong vision and reason “why” behind your business activity gives tangible life and power to your efforts. Many success gurus insist that tithing and giving to charity is the secret key to long term success and wealth.

Having read this article, you may want to become a part of the ranks of top philanthropists (named by Chronicle of Philanthropy in 2009) like Stanley and Fiona Druckenmiller (donated $705 million), John Templeton ( donated $573 million), Bill and Melinda Gates ($350 million), Michael Bloomberg ($254 million donated), and Louise Dieterle Nippert ($158 million donated). One thing is for certain. And that is that when you give you will feel like your life has a greater purpose and you will definitely feel happier, uplifted and inspired.

Learn Currency Trading

Natasha Silverman

FOREX TRADING TIPS

There are more ways than one to make money through Forex trading, it may not be that easy but it's not that difficult either. Using brain power is the key to success in the business of currency trading.

Just follow these basic guidelines to steer clear of typical pitfalls and begin to accumulate added income. To be better equipped in Forex Trading, you should know both sides of it, just like a coin.

Hit or miss in the field depends on the amount of knowledge you have on how the two currencies interact with each other. To make the most of your investments it is a condition sine qua non that you have a hand over the fundamental principles of trading currency online. The most influential Forex driver is global news and events. A great number of trading newbies aggressively react to this news by closing their trades, waiting for the market to go down and end up missing most exceptional trading chances.

The underlying success in the Forex market is when it is unstable, not when it is still. One of the important paybacks of trading in forex is that it allows you to trade in sums larger than your deposit. But it should serve as a warning to fresh traders that it is risky to give in to your greed which might lead to having your Forex trading account wiped out.

Trading during off-peak hours for Professional FX and option traders is more suitable for them as their risks are minimal. To hit it big, make your move during news broadcast time because trade capacity is patronizing and moves are substantial.

This is when big players make their moves making price changes which results in serious money flow.

Be confident in your trading career because once you lose money it's hard to get it back. Study everything about the business before trading. Knowing the business like the palm of your hands may result in finally seeing the money flowing in consistently.

When you're new to Forex, you may either work on your own or trade through a broker. (this sentence was removed because it is not really possible to trade other than through a broker)

Doing one of the two choices might not be good as your risk of losing is higher. It would be better if you do the two simultaneously and avoid seeking counsel from too many sources. This section was removed because I don’t really understand it.

By: Leigh Dwight