Sunday, September 2, 2007

Trading Forex with Patterns

While many traders are attempting to learn Forex trading they are taught trading strategies that actually prevent them from seeing the most important signals the market can reveal. It seems to be very common that Forex traders have numerous indicators on one chart and are trading the extreme short time frame with the intention of getting in and out quickly. One of the most important breakthroughs that I experienced was when I was using many indicators overlayed both in the price channel and in several indicator channels below price. One day I realized that I could not see what price was doing accurately and I took everything off the screen except the candles. Suddenly I realized that I had been totally blinded to what should have been obvious.

In most cases indicators do not really provide any useful information for making a trading decision. They simply follow price. There are more important things that many traders cannot see because of the way their charts are set up. And one of the most important things is the pattern that price forms. There are certain principles of price movement that are always telling a meaningful story as to whether the market is trending or correcting. What are the characteristics of a trend? When is a trend over? What signals the end of a correction and the continuation of a trend? These gems of information can be extremely valuable if it is your intention to actually learn Forex trading and have consistent profit in your Forex trading business.

Learn Forex

Friday, August 31, 2007

Economic Downturn Has No Effect on Forex Trading

When you learn how to successfully trade Forex, you will completely step outside of the world where people worry about whether the economy is rising or falling. Of course, the economy of your nation can affect the way you live and can affect your loved ones but your ability to profit in the Forex market is just not affected. When the U.S. Dollar is gaining strength you can profit. When the U.S. dollar is losing value you can profit just as easily. You need not even trade currency pairs that include the U.S. Dollar. You could focus only on the Great British Pound Vs. The Japanese Yen or the Euro vs. The Canadian Dollar. Another interesting thing to consider is that if the U.S. Dollar appears to be on a long term weakening trend you can hold your Forex trading account in another currency such as Swiss Franks, Euros, or Great British Pounds. In that case even if the U.S. Dollar is weakening your account will still be increasing in value apart from the profits you earn through your trading. Savvy Forex traders may shift the currency they are holding in their accounts from year to year as trends shift. The ablity to consistently profit through good and bad economic times is one of several reasons that make Forex trading the ideal business for those who recognize its benefits.

Trade Forex

Wednesday, August 29, 2007

Trading Forex and Emotions

Trading With Emotions for the Forex Trader

One of the biggest challenges that I have seen recently in our own trading community is the tendency to make trading decisions based on emotions rather than the criteria that defines your entry signal. It is easy for me to say that if you get in when an entry signal occurs and get out when an exit signal occurs you will get profit. But many people find it difficult to do that. There are typically 4 reasons why some people do not see the same level of success that others do when using our Forex trading system.

1. They do not get in when there is an entry signal.
2. They get in when there is not an entry signal.
3. They do not get out when there is an exit signal.
4. They get out when there is not an exit signal.

The reason for these mistakes in almost every case is not because of uncertainty about what defines an entry or exit signal. It is usually some other reason based on emotions or intellectual rationalizing that has nothing to do with our method. Traders are sometimes afraid to get in when there is an entry signal. They wait and get in when the opportunity has already passed. Or after actually closing a good trade they try to get back in based on the fact that they are excited and want more profit even though there is no exit signal. Some of our students have expressed that they are unable to stay in a trade until an exit signal occurs because of the large amount of real dollars that is sitting in their accounts in unclosed equity of open trades. Many of us can relate to that experience but in time with experience and relaxation you can learn to stay in until the exit signal occurs and thus get much more profits on average.

There is a training video now available on this subject that is part of our free Forex trading video training series. You can receive all 8 of those videos by entering your e-mail here:
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My Biggest Challenge in Forex Trading
 

Saturday, August 25, 2007

Students of Trading Mastermind Forex Training Discuss Recent Results

What Really Works In Forex Trading?

The knowledge that is shared in our Forex training program is not meant for everyone. It is indeed relatively simple and can produce virtually unheard of results consistently month in and month out through all market conditions. But it is specifically for a certain type of person. That person is someone who has a clear purpose for why she is starting a Forex trading business and a strong intention to succeed. I have been considering taking this course off the market and possibly making it available by invitation only to a few people who demonstrate this kind of clear intention in writing in an application. Of course everyone wants to make a lot of money in an easy manner that takes very little time and very little start up costs, but not everyone is meant to have this kind of information. Some people need to continue working in their jobs playing a productive role in society while the people who desire to serve humanity in other ways could benefit from this kind of business.

What really works in Forex trading? The methods that are revealed in our forex trading course and ongoing training videos, live webinars, and mentoring programs, are working extremely well for many people. Among those who know about these methods it is now well established and documented that this works and is a viable means of multiplying capital regularly creating wealth perhaps faster than any other method of trading and any other type of business that is available to the average person without a large amount of capital to invest.

Forex Trading Strategies