Lately I have been receiving more and more e-mails from students who are getting amazing results in their Forex trading businesses. Fortunately many students were able to see me demonstrating each step of the unfolding of the recent sell-off in the Yen pairs. Now most of our students are clear about the importance of seeing subdivisions on different time frames and while this movement is a correction to the up trend on the Daily and Weekly time frames, it was a beautiful down trend on the time frame that we execute our trades. I may post some of the e-mails I received this week of people who are so amazed at how well this works. One gentleman wrote that this method produces so much money that he is unable to wait for an exit signal when we sees several thousand dollars profit in open trades in his account. He has tripled his capital in the last couple of months. I have a screen capture of his account balance in his trading platform and several other people have sent me results including spreadsheets and screen captures. It is becoming well established in the trading world that our students are getting some of the best Forex trading results in the world. And they often comment about how relatively easy it is to do this. Why doesn’t the entire trading world see this? I believe that not everyone is meant to see it. I will write more about that topic later.
Oh by the way, I have some exciting news coming up about demonstrating my own trades and documenting the results for everyone to watch. I am excited about it and I think I might actually put the profit and losses only on here. Meanwhile I will be making a video of my personal trading every day and making it available for students of our course.
Thursday, August 16, 2007
Saturday, June 16, 2007
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 the most negative people in the industry. Anyone who even makes a slightly positive comment about Forex trading will be attacked by the obviously unhappy losers 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.
Learn Forex Currency Trading Online
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 the most negative people in the industry. Anyone who even makes a slightly positive comment about Forex trading will be attacked by the obviously unhappy losers 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.
Learn Forex Currency Trading Online
Wednesday, June 13, 2007
Enjoying the Forex Trading Lifestyle
When I first learned about the Forex trading business a few years ago, I was unable to sleep at night with all the wheels turning in my mind as I contemplated the possibilities for the type of life this business could offer. I kept asking the same questions of my friend who was currently trading Forex. “Do you mean that I can live anywhere in the world or even travel continually while I am trading?” “Yes”, was his simple answer.
As soon as I saw the possibilities, I was determined to master this arcane art and make it work no matter how difficult others were saying that it is to succeed. Within 2 years I had sold my house and all my investment property and moved from the rainy Seattle climate to the sunny Southwest. Because so many of my mentors recommended trading the London session I had considered moving to other parts of the world so that I could trade at a time other than through the night when my body prefers to sleep. But after perfecting the method that I currently use I am able to look at my charts for about 15 minutes twice a day, never miss a trade and get more profit than I possibly could have gotten staying up all night.
Right now I live in Santa Fe and sometimes travel locally on “personal retreats” to Taos and Sedona. After a year of living here I decided to move to Aspen Colorado and take up skiing. Later this year I am planning to tour Europe visiting France, Switzerland, Holland, and Belgium. Because I like to have warm temperatures year round I am looking at a second home in Tucson or perhaps a more tropical climate in the South Pacific.
I am enjoying more time volunteering for the philanthropic organizations that I am most interested in. There are many lifelong dreams that I never could have done before that now I am in the process of fulfilling. Right now I am in the beginning stage of forming a studio for producing computer animated music video DVD’s to communicate my artistic messages to the world. When I studied this subject in college I knew I would never be able to have this kind of artistic freedom unless I owned the studio that produced these projects and had the time and funding to make it happen. Without the stress of my previous business, the constant driving and the uncertainty of whether this month would provide enough income to live on, my health has improved and I feel fantastic. I feel good about my life and my contribution to the world. Every day, I feel tremendous gratitude for the Forex trading business which provides this kind of freedom to make decisions without regard for job or business geographical ties. What will Forex trading do to improve your life?
Online Forex Trading Videos
As soon as I saw the possibilities, I was determined to master this arcane art and make it work no matter how difficult others were saying that it is to succeed. Within 2 years I had sold my house and all my investment property and moved from the rainy Seattle climate to the sunny Southwest. Because so many of my mentors recommended trading the London session I had considered moving to other parts of the world so that I could trade at a time other than through the night when my body prefers to sleep. But after perfecting the method that I currently use I am able to look at my charts for about 15 minutes twice a day, never miss a trade and get more profit than I possibly could have gotten staying up all night.
Right now I live in Santa Fe and sometimes travel locally on “personal retreats” to Taos and Sedona. After a year of living here I decided to move to Aspen Colorado and take up skiing. Later this year I am planning to tour Europe visiting France, Switzerland, Holland, and Belgium. Because I like to have warm temperatures year round I am looking at a second home in Tucson or perhaps a more tropical climate in the South Pacific.
I am enjoying more time volunteering for the philanthropic organizations that I am most interested in. There are many lifelong dreams that I never could have done before that now I am in the process of fulfilling. Right now I am in the beginning stage of forming a studio for producing computer animated music video DVD’s to communicate my artistic messages to the world. When I studied this subject in college I knew I would never be able to have this kind of artistic freedom unless I owned the studio that produced these projects and had the time and funding to make it happen. Without the stress of my previous business, the constant driving and the uncertainty of whether this month would provide enough income to live on, my health has improved and I feel fantastic. I feel good about my life and my contribution to the world. Every day, I feel tremendous gratitude for the Forex trading business which provides this kind of freedom to make decisions without regard for job or business geographical ties. What will Forex trading do to improve your life?
Online Forex Trading Videos
Monday, May 28, 2007
Making a Living in Forex Trading
Often people ask me if it is really possible to make a living trading the Forex market. I would have to say that it is definitely not possible to merely make a living unless you have no idea of what simple trading money management is. If you are successful in Forex trading and you understand what money management is, you will not just make a living but will create wealth relatively quickly. So I often tell people that if you are looking for a job, you might want to try Wal Mart. I hear they are hiring part time employees.
A good tool that can help you to understand how this works is a calculator. They can be purchased at most local stores for as little as $5.00. Then you might want to open a Forex trading demo account and place a trade. Observe what happens to the digits that display the profit or loss and get an idea of what the value of a PIP is in your account. Then you can develop a purely hypothetical trading plan.
After you have learned a little about how Forex trading works you should start to get an idea of what is a realistic expectation for results in PIPS over a given period of time. Then decide what a prudent risk management plan would be. Some say no more than 2% of your capital is a good number. That number is of course, based on a false industry belief that it is not possible to have a high win to loss ratio in Forex trading. Regardless, it is a good conservative number. Then simply start off with a number that represents the amount of capital you plan to start with and project what would happen if you were successful with a realistic win to loss ratio. How many PIPS will you earn? Win to loss ratio is the number of winning trades vs. the number of losing ones. Risk to reward ratio represents the average number of PIPS per loss vs. the average number of PIPS per winning trade. What will your average net gain be per day or per month? What will that do to your capital?
The next step is to note the amount of money you need to meet your living expenses. When the amount of your monthly profits is at least twice as much as the amount you need to live, begin taking out 50% of your monthly profits. From that point on you will make a living AND your trading account will increase each month while the amount you take out will also increase every month from that point on. What could be better than that?
Learn Currency Trading
A good tool that can help you to understand how this works is a calculator. They can be purchased at most local stores for as little as $5.00. Then you might want to open a Forex trading demo account and place a trade. Observe what happens to the digits that display the profit or loss and get an idea of what the value of a PIP is in your account. Then you can develop a purely hypothetical trading plan.
After you have learned a little about how Forex trading works you should start to get an idea of what is a realistic expectation for results in PIPS over a given period of time. Then decide what a prudent risk management plan would be. Some say no more than 2% of your capital is a good number. That number is of course, based on a false industry belief that it is not possible to have a high win to loss ratio in Forex trading. Regardless, it is a good conservative number. Then simply start off with a number that represents the amount of capital you plan to start with and project what would happen if you were successful with a realistic win to loss ratio. How many PIPS will you earn? Win to loss ratio is the number of winning trades vs. the number of losing ones. Risk to reward ratio represents the average number of PIPS per loss vs. the average number of PIPS per winning trade. What will your average net gain be per day or per month? What will that do to your capital?
The next step is to note the amount of money you need to meet your living expenses. When the amount of your monthly profits is at least twice as much as the amount you need to live, begin taking out 50% of your monthly profits. From that point on you will make a living AND your trading account will increase each month while the amount you take out will also increase every month from that point on. What could be better than that?
Learn Currency Trading
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