After 5 years of research and data compilation I've basically put my findings from all my research, trials and testing together to form a framework in which traders can profit from following a simple system. I have developed a couple of dozen effective trading strategies that, if followed to the tee, would earn you money through trading the PIPS. The amazing thing is, you don't need huge amounts of cash to start up, the Average Joe can just start with a very small amount of $1000 to start turning a daily profit. Some of these strategies are so simple that you will practically wonder why so little people are actually making a living trading the FOREX. I will show you exactly how I made a constant daily income from making an easy one hour trading session per day. There are no loop-holes or secrets, rather it is just a tried and proven framework to execute trades that will see you make money from movements in currency pairs.
Since you're still reading, I'll let you in on another secret that I have discovered over the years of FOREX trading. Trading for more than 2 hours a day is dangerous. I'm sure you've seen some day traders glued onto their computer screens for hour on ends waiting for that exact moment to exercise their trade or looking for trends here and trends there. I think this is absolute madness and contributes enormously to the trader getting emotional about their trades. I'll tell you exactly what happens, the trader will see slight movements that don't seem to make sense if compared to their "rules"; they would then question these rules and somehow in their over-exhausted mind, consider them useless and that only their "feel" on the market can actually see them to a profit. What I have just described is your basic trader's mind set when confronted with uncertainty and fatigue. It is a sure way again to your early bankruptcy.
In my trading program that I've developed, I've made it a requirement that the trader is only allowed to trade for 1 hour a day. This is an absolute requirement so that the trader can see the longer term benefits to the framework and will not do something stupid like question the framework based on one PIP movement in the opposite direction. You will see that over a single days trade my framework will always stay true and will always be able to calculate the next movement up or down of a certain currency pair based on historical data. The framework never changes and is always correct, the only people that lose money are the ones who think they are smarter than the framework and trade beyond its scope. These people are emotional wrecks and should not even be traders because they lack the discipline and patience to be a successful trader.
I can say with 100% confidence that when I show you my framework you've probably heard of something similar and you'll probably be kicking yourself that you didn't think of it earlier and not loose so much money "educating" yourself on the FOREX markets. I can tell you that the anger and frustration will soon turn to JOY as you see your daily trades returning a constant profit.
For novice traders, my program will put you years ahead in terms of your trading capability. For expert traders, my program will simplify your trades so greatly that you would be wondering to yourself if you are a full time trader or a full time golfer.
I'm even going to go one step further; I'm going to show you the traders-mindset builders that I consider one of the most important factors in the success of a trader. I'm sure you would agree with me when I say that trade discipline is one of the most important factors that will determine if a trader is a success or a failure. I'm going to show you how to build this discipline and not get spooked into doing silly things on the market. That's right, I'm going to explain to you in a step-by-step process how to remain calm in light of uncertainty and not to flinch when it seems the market is taking a divergent stand to yours. I'm going to teach you how to trust the framework that I developed and why I can GUARANTEE that if you follow it, you can turn a profitable Ten PIP trade almost every single day with only 1 hour of trading. It's that simple.
You now must be thinking to yourself, why would a guy that uncovered such a powerful trading framework want to share his information with other traders. No one in the right mind would put this information out to the public and risk loosing his trading advantage. Some of you must be thinking I'm mad, but I'll give you three reasons why I'm putting this information up for public consumption:
On of my peers committed suicide 5 years ago when we were trading the same currency pairs, I was declared bankrupt and he was too, the only difference was that a light came "on" in my head that told me I had to do things differently, a light came "on" in his head telling him that he didn't have a future anymore and he then took it one step too far. I don't want this to happen to anyone anymore. Those traders that don't trade using a framework, be it mine or their own risk loosing everything. I don't want anyone loosing their life earnings or even their life. Trading is actually very easy provided you have a framework and discipline.
Everyday, on average USD$1.5 trillion is traded in the FOREX. I don't know about you but that is a very big pie. I doubt that by publishing my e-book it would make a single dent on my daily income. There will always be idiots around who think they know best, follow flawed frameworks and even make emotional trades. Its just a matter of attitude.
Even if I publish my e-book and 1 million people read it, I'll bet that 80% of them will still think that they are better than my framework and somehow still trade beyond the scope of the framework. Thus, this 80% of the readers will still lose money trading and still wonder why. I can teach everyone everything, only the few who are receptive enough to my framework and discipline will benefit from my research.
Sunday, February 11, 2007
Dont let emotion control your trading it only leads to failure
With this new found understanding I hit the books. I studied the basics of currencies all over again. I went to libraries, I talked to mathematicians, I even bought other e-books about FOREX trading. All of these sources provided hypothetical models of how currencies should move, however, none of them provided the hard and fast answer that I wanted.
The worst part was all the rest of the e-books. They sold absolute rubbish! Almost all of the "GURU's" were not even traders. They would even go so far as to say how much you could gain if you leverage this and you leverage that. I think that is purely irresponsible of them to sell the idea of leveraging to novice traders. The ONLY way these people make any money is by selling their overpriced e-books and CD's full of basic FOREX trading tips that you can learn from any trading book off the shelf. That's it. These people are CORPORATIONS. They are not there to help you. All they want to do in the end of the day is to make a sale; they have no "secrets" to offer or anything that is even worth a penny.
I don't know about you but buying e-books from irresponsible non-traders that have not spent a single minute of their lives trading does not sit easy with me. Honestly, do you think they will tell you anything useful? Don't buy into these SCAMS. You Have Been Warned!
The worst part was all the rest of the e-books. They sold absolute rubbish! Almost all of the "GURU's" were not even traders. They would even go so far as to say how much you could gain if you leverage this and you leverage that. I think that is purely irresponsible of them to sell the idea of leveraging to novice traders. The ONLY way these people make any money is by selling their overpriced e-books and CD's full of basic FOREX trading tips that you can learn from any trading book off the shelf. That's it. These people are CORPORATIONS. They are not there to help you. All they want to do in the end of the day is to make a sale; they have no "secrets" to offer or anything that is even worth a penny.
I don't know about you but buying e-books from irresponsible non-traders that have not spent a single minute of their lives trading does not sit easy with me. Honestly, do you think they will tell you anything useful? Don't buy into these SCAMS. You Have Been Warned!
Subscribe to:
Posts (Atom)