So any attempt to trade without analysis and studying of the market prior trading, it is like you are wagering on a soccer match during the weekend. It is not fun when you start loosing money.
So by now I hope you realise that you need proper forex trading education, and if don’t learn you are simply planning to fail.
If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.
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]]>Basically there is a video of how to trade Forex with this particular broker. The way it explained in the video is the best recipe for wiping your trading account! You know the simple thing. open account, deposit money, buy or sell and then withdraw the profits.
I wish trading was that easy as explained in the video! In principle, it is true, you just need to buy or sell. The question is – will the market go up so I buy, or down so I sell? It is obvious that if the market goes against your guess then you lose money. This is where technical analysis / fundamental analysis studies comes in. These help you make an educated guess where the market will go – up or down, so you shift the odds of the ‘guess’ in favour of you.
Furthermore, it is not simply buy or sell. There is also the third variable – no trade at all. If the market is not going to move, you will not earn any money. So basically there are 3 possible outcomes Buy / Sell / No Trade hence it is 33% probability. This is what I meant by saying ‘shift the odds in your favour’. You need to enter a trade when the market is going to move and of course you must be on the right side of the move. Again technical analysis / fundamental analysis studies help you stay away from the market and also helps you enter the market in the direction of the move.
Something else, I have been in the forex trading industry for some years now, and your broker must be your friend while trading. Definitely they must have tight spreads (less then 1.5 spread for EurUsd for example), fast execution of your order, no reqoutes, regulated by authorities bodies and ideally no dealing desk. A great broker is http://www.gomarketsaus.com/
Ultimately you need to open a demo account and start learning. For an excellent introduction to forex trading follow our section Forex for Beginners. It is a great free course, and much better than the once that you pay good money for.
DO NOT BELIEVE THE HYPE guys
Tags: forex for beginners, learn to trade forexRelated Posts
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If you want a detailed article on Forex Scams, just read that article where I reveal 6 tips that will help you stay away from scams!
I am sure you receive daily emails on how to turn $1000 into $32,456 in one month or so. You get these everyday, and not just on Forex. But since we deal with Forex, Forex related emails are what interest us.
Just few days ago (26th August) I got one of these daily emails where this time we have a scalping robot that made 95K in 12 months. How this guy got my email I don’t know, but I love receiving these emails so I have something to write in here. 
Anyway, as usual we have a story how a guy ridden with debt have written this robot and now his life is sorted. The usual stuff. Then we move on to results. As usual we get screen shots of back tests and these mean nothing. Just be aware that data on which the robot is tested to produce those phenomenal results can be easily manipulated. So do not believe these results at all.
Further down we see that the robot does not set any stop losses which is another big bad point.
Now the funny thing. It shows results starting with 0.1 lots and it says that after 7 days the robot was trading with 5.0 which is freaking impossible. The account stood at $39,746.48. Yes the 48c are important as if they are going to make any difference. The starting capital was $389.78. Are you noticing something fishy here even if you are not a trader you should smell something fishy here.
At the first of the page, it says that a newbie made $95,000 in 1 year, but the results are showing that he did nearly $40000 on 1 week! WOW! A clear inconsistency with the initial claim ($95,000 in 1 year) and the results (made nearly $45,000 in 7 days). Pure lie. Will you continue to believe this idiot?
No way – this is purely a scam.
Please be careful out there.
If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.
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]]>Most robots are really capable to blow your trading account. Very very very few robots really make some profits, but is it worth your time and risk where you can generate much more profit yourself?
In the article I list 5 major reason why robots fail. I could have listed around 20 reasons but I just selected the top 5. I will proof read tomorrow ands will post it here.
Comment are welcome
Tags: do forex robots work, learn to trade forexRelated Posts
]]>If you want a detailed article on Forex Scams, just read that article where I reveal 6 tips that will help you stay away from scams!
Why I never learn? Am I so stupid to waste my time with stupid Forex robots (or EAs) and others crap products? Am I, but for a reason since I am writing a book on forex scams! But anyway, here is a recent story – 2 weeks old.
Around two weeks ago I got an email about a new EA – for a change. Normally I visit the site, I laugh, close the site and delete the email. But this one caught my attention. It was the first robot that claimed an acceptable risk to reward ratio – wow! The seller was so proud of this and claimed a 15 – 20 pip stop loss for a profit target of 20 pips and more – cool!
The seller offered the manual trading system as a downloadable e-book. I downloaded it and I skimmed through it and I noticed that the strategy is based on the London Market Open session. Another strategy – YAWN!
NB: I have my own London Breakout strategy which I will release in the following weeks for free.
Anyway, the manual system sounded correct so when the EA was available I bought it! Stupid Jason!
So the next morning while I was happily making pips, the EA was still sleeping! No trades. There was a nice move that day! The next morning both me and my lovely EA remained asleep and missed some trades. Cool, I can’t even rely on my new EA!
The third day I could not trade due to a business meeting but my EA finally woke up and did $109 on a demo account for GBPJPY pair. Good boy. Weekend came and I forgot to switch on the trading platform for Monday and Tuesday. So my EA had a really long weekend! Wednesday was time to work and my EA did open a trade again on GBPJPY pair. Cool let’s make another $109!
In the meantime I opened my normal morning trades and the market changed direction rather violently. Cool I closed my positions with a loss and reversed. After 1 hour I closed 2 trades for 70 pips profit and trailed the remaining positions. Happily I went to work and literally forgot my EA! When I remembered about my EA, I assumed that the trades where closed for a loss of at max. 20 pips! But to my surprise the trades where still open and the account was -$1600!! Wooooooooowwwwwwwwww!!! The trade was down by over 100 pips!! So where is the 20 pip stop loss? And I got pissed off.
I tried today again, and to cut a long story short today the trades went against by over 40 pips and the trades where still open. I immediately closed the trading platform and headed to ClickBank for a refund. Silly me. There is another thing to say on this EA but will leave it for tomorrow.
Make yourself a favour, start learning how to trade manually and you will make money soon – less than you can think of!
If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.
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Lesson 6 have just be posted online. Go to Best Trading Hours now to read it.
Even though the market is open 24hrs, it doesn’t mean that it is suitable to trade all day long. If we are intra day traders, we need the currency to move so as we get some profits.
During the Asian session, what is the probability that EUR/GBP or EUR/CHF to move significantly? moves do happen mind you, but activities on this currency pairs are very low.
So what is the best time to trade certain currency pairs?
See you there.
If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.
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Lesson 4 have just be posted online. Go to End of Day Trading now to read it.
In this lesson we learn the basics of the last trading styles available – end of day trading. What is end of day trading? What profit targets do we aim for? How about stop losses?
What role does technical analysis play? How about news?
See you there.
If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.
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Lesson 3 have just be posted online. Go to Intra Day Trading now to read it.
In this lesson we learn the basics of one of the three trading styles available – intra day trading. What is intra day trading? What profit targets do we aim for? How about stop losses?
What role does technical analysis play? How about news?
See you there.
If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.
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Lesson 2 have just be posted online. Go to What is Scalping now to read it.
In this lesson we learn the basics of one of the three trading styles available – scalping. What is scalping? What profit targets do we aim for? How about stop losses?
Brokers play also a vital role in scalping. How do they effect us?
See you there.
If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.
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Lesson 1 have just be posted online. Go to Trading Currency Pairs now to read it.
In this lesson we learn which are the majors and exotics currency pairs. We also list the 6 major currency pairs and why you as a beginner you need to start trading with these pairs. We also suggest the best currency pair to start learning and trading with.
See you there.
If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.
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]]>I am glad you made it here to my website. To keep it short, if you are willing to learn how to trade Forex manually, this is the place for you. I will teach you everything I know so as you can become a real trader, a trader earning cash every single month.
Trading Forex is not really that complex, the problem is that internet marketers preach fear if you don’t buy their product – which ultimately it disappoints you since it drastically falls short of the promised expectations. They always proclaim thousands and thousands of dollars per month especially those that sell Forex robots, and ultimately you waste money and time.
On the other side of the road, you find other internet marketers selling expensive courses, again preaching fear that if you don’t buy their course, you will not be part of the 5% successful traders. So you go, buy the course, you study it and again you lose money and time!
By this time you lose hope and confidence and you leave trading. What is the solution? You need to learn what is important to know without too much confusion, theories, and other complicated words or jargon that you learn only if you go to Harvard University. Mind you they do this things just to feed confusion and fear – it is a marketing trick.
What you need is clear, concise and to the point tutorials that explain with enough detail what you need to learn to become a successful trader. And this is what I am doing in my site.
I am developing two courses one for beginners and another one for intermediate / advanced traders based on technical analysis.
This course is aimed for complete beginners. We explain in simple english with examples all the important terms that you need know and understand, the Forex mechanics, charting and loads of other stuff. It is a 19 part series full of useful info. Something else, it is FREE.
This is where things starts getting interesting. This is an in depth course on technical analysis were we go through the tools that you need to master to become successful. How to find support /resistance lines, how to draw proper trend lines, pivot points and lots more is covered in the course. It is FREE as well.
So what are you waiting for? Do yourself a favour and start learning now. You may become an independent trader few months down the line!
For a complete course on technical analysis, please visit Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have it for FREE. See you on the other page.
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]]>Stay Tuned!
If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.
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]]>I have just written an article on Forex Scams.
A product was just released and it is obvious that it does not work – the usual crap products. I urge you to read the post since it will help you stay away from quite a number of useless courses, robots and systems promised to create thousands of dollars.
Be careful guys! Enjoy the reading.
If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.
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I have just written an article on E Currency Trading where I give a general overview of the Forex market. This is a very long post indeed! I also give 12 general tips on how to succeed in the Forex.
This is a must read post.
Enjoy the reading.
If you want a realistic road map of how to become a successful trader then you must read this – E Currency Trading . You will find 12 valuable tips of how realistically you can make money in the Forex market. It is quite a long post! See you there.
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]]>Keep you update!
For a complete course on technical analysis, please visit Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have it for FREE. See you on the other page.
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]]>The pages are taking shape now, but still there is nothing much to see. This looks to be very time consuming process!
Again I ask you to be a bit patient.
Keep you posted. See you soon.
If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.
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]]>Finally I have managed to finish writing the Forex course for beginners. It is still in MS Word, now I need to post it in this blog. Sure will take more time I guess but it is going to be worth the waiting.
Keep you posted. See you soon.
If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.