The Forex Time Machine is LIVE

The Forex Time Machine DVDs and Box

 

 Get The Forex Time Machine Now

No related posts.

The reason for this is not all Forex products are created equal – in fact, many of the courses and automated systems out there are designed to make money for the creator of the product, not to make money for the Forex trader.

With the explosion of Forex trading products that have hit the market in the past year, it is more important than ever, for Forex traders to do their homework before spending their money on that program that promises to turn $10,000 into $150,000 in just thirty days.

We’re seeing a significant rise in these types of claims – and Forex traders would do well to remember that many if not all, of these claims are simply not true.

Here’s an example: Maybe you’ve seen a headline like this:

**********************Start Example Headline*********************

“My Brand New Super-Charged Forex Robot Turns $200 into $30,000 in just 5 Days. Get It Now For Just $49…”

**********************End of Example Headline********************

Think about that for a moment — that means in the second week, you would turn $30,000 into $4.5 MILLION — and in the third week, you would turn that $4.5 Million into $675 Million.

And in just ONE MONTH your $200 would become $ 101,250,000,000 (that’s 101 and 1/4 Billion Dollars).

That would make you be the wealthiest person on the planet. All that for just $49.

Do you believe that?

Now we’re the first to admit we’d LIKE to believe it…but we know better.

This is why we develop our standards for reviewing and testing Forex products and why every product must meet or beat certain criteria before we’ll give it a passing grade.

The criteria we use to determine whether a trading method should be considered:

• In-depth, detailed learning instructions
• Trade Opportunity Identification
• Entry Rules / Exit Rules
• Trade Plan and Strategy
• Risk Management (Initial and Ongoing)
• Product Support (Materials and Customer Support)
• Additional Product Tools (Forums, Member Websites)
• Product Guarantee

If a Forex trading method, Forex robot or other Forex course or program does not meet these criteria, we won’t endorse it as worthy of your time or your money. Remember nobody can promise you profits trading Forex (or any other market). If you’re reading outrageous claims, you should avoid the product because there is simply no way they can be true.

We’re tired of seeing traders scammed by those claiming HUGE, windfall profits. The reality is this: Forex trading is risky and you are better off armed with education and a method where YOU are in control of your trading activities.

Automated programs, black box systems, and mechanical or robot systems take control AWAY from you. We argue this is a bad idea and can only lead to massive losses for you over time.

Forex Trading: Is this Forex system worth the money?

Let’s explore each of our criteria and their importance for determining whether or not a Forex trading method, system, robot or program is worth consideration for trading the Forex markets.

In-depth, detailed learning instructions

Any Forex trading product you invest in, whether it is a trading method, course or robot, must provide you with a detailed understanding of how to use it. You should get a detailed explanation of implementing the method (for example), the correct approach for trading with it, detailed examples of the method in use, and the types of trading, be it day trading or end of day trading that are best suited for the method.

Without detailed instructions, Forex traders will find themselves incapable of understanding these key elements and each one is critical to the successful use of a method or robot.

Trade Opportunity Identification

Traders should avoid any Forex trading product that does not or cannot identify the precise conditions that should be present before a trade is considered. These conditions are known as the setup conditions and describe the market, fundamental or technical indications that must be met before a trader can enter the market.

In most cases, we prefer setup conditions that are based on technical indicators that allow a trader to better visualize the potential for a trade to take place. While fundamental trading is acceptable, we see it is much more difficult, with greater opportunity for losses for the average or beginning trader. Trading based on technical indicators will give traders a better overall view of the market at large, the trends in any Forex pair, and a stronger sense of the probable outcome of the trade.

Entry Rules / Exit Rules

Once the setup conditions have been described, any Forex trading method should also provide the exact rules for entering, managing and exiting a trade. No trader should practice a method without these as it leaves too much room for interpretation for the trader and increases the likelihood for mistakes and losses.

Entry rules should tell a Forex trader at what price a trade should occur and provide the simplest of instructions for placing the trade.

Trade Management, which in part falls under Risk Management (ongoing), should provide instructions for managing the trade regardless of whether or not the trade is profitable.

Exit rules should provide step-by-step instructions for exiting a trade, again regardless of whether or not the trade is profitable.

Note that we say whether or not a trade is profitable. Too often, we see methods and robots that tell you what to do when your trade is profitable. Rarely do we see methods that tell you what to do if a trade has turned against you. This should be a simple exercise — if a trade moves against you, you should get out (that’s rather obvious), however, many programs out there do not teach traders the correct way to get out of a trade to minimize their losses on the trade.

You will have losing trades – the critical element to that is to keep those losses as small as possible.

Trade Plan and Strategy

Any method or course for trading Forex must also include a trading plan or strategy. This refers to the daily use of the course to identify trades, whether for day trading or end of day trading, or simply casual trading.

• Some examples of elements traders should look for include:
• Using the setup conditions criteria within charting software
• Planning the amount of time needed to trade (short term/long term)
• Monitoring the trade once it has executed
• When to trade and when NOT to trade
• Best hours for trading certain pairs
• Trading the majors and/or the exotics

Risk Management (Initial and Ongoing)

Risk Management is without question the most critical, yet least taught element to Forex trading. First, we need to establish exactly what we mean by Risk Management. When talking about Risk and Risk Management, we’re referring to both the risk involved in every trading event and the money management principles once a trade has been taken. The primary factors every Forex trader should be aware of are:

• Amount of capital risked per trade, as a percentage of your account balance
• Calculating a reward to risk ratio before entering a trade and for the duration of a trade
• Calculating the correct Lot size and Position size for each trade entered
• Initial stop loss settings for each trade entered (based upon above factors)
• Ongoing stop loss management for the duration of a trade
• Managing the profit exit of a trade

A brief overview of the importance of each of these elements:

Typically, the initial risk for any trade should be limited to 2-5% of your account balance. This means you will automatically limit the amount of capital you could lose on any single trading event. If a trading method does not trade within these guidelines, or presents wider guidelines, you should be very careful in the application of that method. You may also consider avoiding it altogether.

Every trade should operate from a reward to risk ratio, however, don’t fixate yourself on this number. Instead, you should be looking for methods that REDUCE risk and have a higher probability of reward.

The initial risk on a trade will help you to determine the correct lot size and position size for any trade you are going to enter. Note the distinction between the two: if your account balance is $500, you are not going to be able to trade a standard lot. You’ll likely be trading micro or mini lots and you’ll need to be able to determine the correct number of lots (position size) to trade based on the amount of capital risked on the trade.

Stop loss management is critical to the success of any trade. First a method or program should clearly set out the initial stop loss placement, based also on the amount of capital risked on the trade, and then, provide ongoing stop loss management for the duration of a trade. This may include trailing stops, or, a simple exit strategy once a profit target has been hit.

Last, a method or program must show you how to manage that profit – especially if you are scaling out of a trade in multiple stages. Too many programs leave this one category in the trader’s hands and guarantee more failure than success for the trader. The reason for this is once trades go profitable, traders fall into the ‘greed’ trap. They’ll want more pips than the market is willing to give them, or, worse yet, when a trade hits a high and then reverses, traders will stubbornly wait out the market to get back to that previous high (or maximum profit) only to see all of their gain evaporate.

Far too often we see methods and robots that fall into these categories:

• No risk management guidelines taught in conjunction with the product
• Stop loss settings that are too wide and lead to massive draw downs
• No money management principles for lot/position sizing
• No guidelines for managing risk and protecting gains once a trade is entered

Don’t make the mistake of trading with a method or program that does not provide exact guidelines for managing all of the elements of Risk and Money Management principles.

Product Support (Materials and Customer Support)

This is as simple as it gets – when you purchase a Forex trading method or Forex robot, you need to have world class support. It doesn’t matter whether that is telephone support or email support – be certain that an outlet exists to answer your questions or solve your problems.

One warning sign and how to test it: As soon as you purchase a Forex trading method, course or robot, send an immediate email to their support team. This can be as simple as asking questions about the setup of the program, or verifying the return policy. The key is to see how long an answer takes; or, if you even receive an answer – we’ve run across many products that don’t even respond to their customer’s emails!

Additional Product Tools (Forums, Member Websites)

Generally speaking, the Forex trading product should have additional outlets for help, whether those outlets are forums or member’s only websites. Here traders should have access to additional information that assists them in utilizing the method or program and provides other resources or training information on putting the method into practice.

While we do not necessarily black mark a method or program that does not have a forum or member’s website, those that automatically include one rank higher in our reviews.

Product Guarantee

In most cases, you’ll find Forex trading products come with 30 day money back guarantees. We prefer companies that give you more than 30 days to test their product. Why?

First, you need time to understand how the method or program works. While you may be able to get through the learning portion of a method in a few days, you still need time to test it until you thoroughly understand it and are able to put it to full use.

Second, we advocate always trading with a new method or program on a demo account until traders have complete confidence in following and implementing ALL of the rules – from setup condition identification, trade entry and exit, to risk management.

Traders should never move to live money account trading until they have that confidence.

Furthermore, you need time to ensure that a forward testing of the product produces positive results. By positive, we do NOT mean that every trade is a winner – this is impossible – but we do mean the overall trading activity results in net gains.

While traders can accomplish this in a 30-day period, it puts far too much pressure on the outcome of every trade. Traders are forced toward that ‘every trade’ should be a winner mindset, especially as they get closer to the last few days of the guarantee period. This causes discipline mistakes as traders take greater risks, enter trades they should not, or trade during times when the market is moving against them.

The shorter the guarantee period, the more suspect the product, in our opinion. Again, this is due to two factors: one, the learning curve and two, the forced pace at which traders feel the need to trade profitably. As well, the shorter period is designed to limit the exposure to the markets for programs that do not fare well over time — especially automated programs, robots or
scalping programs.

By reducing the market time exposure, the makers of these programs hope to ‘hide’ the short term likelihood of a massive loss due to the lack of risk management principles.

Back testing: A quick note on back testing — where it relates to automated programs like robots or other ‘cheap’ trading methods, you should be aware that such programs are often CREATED from a back tested theory. That means the system maker used old market data to form a method and let history ‘prove them right’.

Since that’s the case, what are the chances you’ll discover something doesn’t work when back testing it? Not all that high.

You are better served by forward testing with real market conditions in a demo account (even if the product has only a 30-day money back guarantee) as that testing will give you far better accuracy in terms of the ability for the method or program to generate successful trades.

Related posts:

1. Forex Robots, The Great Debate: To Automate or Not Automate your Forex Trading One of the dirty little secrets in the forex market...
2. Forex Trading Methods – Finding the right one – part 1 Today I want to take a few minutes to talk...
3. Forex Trading Methods – Finding the right one – part 2 Risk Management: I want to continue the discussion on how...

• So Bill made a quick video with his son, Greg, and just posted it on his training website so you can get the “inside scoop” from “the man” himself.

Watch it here:

Top Q&A about the Forex Time Machine

WARNING: If you’re expecting a slick sales pitch, you’ll be disappointed. Bill’s pretty dry & candid in this video, and it’s completely unedited, so it’s a little rough in spots.

*** STILL TIME FOR THE Forex Time Machine GIVEAWAY ***

If you get this message before 4pm Eastern on Sunday, September 13th, then you can still get your name in for the big Forex Time Machine GIVEAWAY.

–> The first copy is going to one fortunate trader, and it could be you.

Bill’s even covering s&h anywhere in the world for the person chosen.

Make sure you post your entry on the following page if you haven’t already done so:

Forex Time Machine GIVEAWAY!

To Success In Your Forex Trading!

P.S. Remember, the Forex Time Machine is officially being released this Monday, September 14th, at 10am. I’ll try to let you know when it’s “live” as quickly as I can, but if you really want to make sure you don’t miss out, go to Bill’s training website and join his “Risk Eraser” Waiting List to get a ONE HOUR jump on everybody else:

Forex Time Machine GIVEAWAY!

Get on the early notification list, the form to join the list is on the right side of the page. (below the box to “Win the first copy of the Forex Time Machine!”)

No related posts.

In it, he reveals the REAL REASON most traders just like you keep on losing… and then shows you, step-by-step, how you can FIX any trading method you’re currently using.

Once you see what it is, you might think it’s a little “weird”, but after I saw it I was surprised more struggling Forex traders haven’t been told about this.

Here’s a hint: * It’s all about how to “–A– -I–”.

Once you figure it out, you’ll be surprised you ever traded without this technique.

Go here for your “invite only” access to a brand new, private training site where you can see this video:

Watch The Forex Training Courses Video

Part 2 to this 2-part Forex Training will be released sometime later this week

Make sure you watch it today. This is definitely one of those time-sensitive videos that I don’t expect to stay online forever.

The "Forex Time Machine"

What is the “Forex Time Machine“? More information on the “Forex Time Machine” to follow!

To your success in Forex Trading

Related posts:

1. Forex Training Courses With Bill Poulos and Profits Run Forex Training Courses With of one of the most respected...

Market Order: This order type is used to enter or exit the market immediately at the current quoted price. If you want to buy you will be filled at the ask price; if you want to sell, you will be filled at the bid price.

Limit Order: This order type is used to buy or sell a pair at a predetermined price. A buy limit order will only be filled if the market trades at or below the limit price you determine. A sell limit order will only be filled if the market trades at or above the limit price.

Stop Order: This order type is used to buy or sell a pair at a predetermined price. A buy stop order will only be filled if the market trades at or above the stop price. A sell stop order will only be filled if the market trades at or below the stop price.

83hpxnebur

Related posts:

1. Learning to trade Forex – Learn To Trade It THIS way… Our research and surveys have confirmed too many new, inexperienced forex...

But there’s a real problem with Robots: They don’t work.

Oh, you’ll hear all the fancy talk about how so-and-so turned $10,000 into $ 150,476 in just seven days…

…but it isn’t true. It’s hype and it’s based on ‘hypothetical’ historical trading.

Fact: Most forex traders who use forex robots LOSE MONEY.

Truth: Robots lose money because they have disproportionate RISK MANAGEMENT rules built into them.

What the Robots go after are small, quick profits — 3 pips, 7 pips, 9 pips. And over the course of a series of trades, the Robot’s ‘Winning Percentage’ will be very high — 85-95% winners.

BUT the Robots have a fatal flaw: their stop losses are out of line with typical reward to risk ratios, usually on the order of 1:5 or 1:10 (that means you, the trader, are risking $10 to win $1. In gambling, this is known as “sucker betting” and you’re the sucker).

Here’s what’s really going on with those Robots: The stop losses are set so wide that ONE TRADE can wipe out the profits from those “85%” winners. That’s because the gains you’re making on the winners are miniscule compared to the losses you take with the built-in risk – or lack therein.

Dirty little secret #2: The percentage of winning trades is inversely proportionate to the reward:risk ratio. The higher the percentage of winning trades, the lower your reward ratio; the lower the percentage of winning trades, the higher your reward ratio.

This means if a Robot claims to have 90% winning trades, your reward to risk ratio will be around 1:10.

Truth? Don’t fixate on ‘winning percentages’ — focus on managing the risk in every trade and keeping the reward to risk ratio in YOUR favor.

Watch this video proof of how this concept can radically change your forex trading:

The “Risk Eraser” Video

Related posts:

1. Forex Trading – Forex Trading Methods, Forex Robots, Forex Signals, Forex Courses – how to separate the good from the bad When we review Forex trading methods and courses or Forex...

There is no magic in technical indicators in and of themselves as they each can tell you something about the market’s behaviour at any given point in time. Nor is it true that any one indicator is better than another.

What is key to using technical indicators successfully is to select only a few that complement one another and use them in an uncommon manner along with powerful trading tactics.

Most trading methods share the technical indicators they utilize for identifying potential trades — the key to being successful with these indicators is to understand their application and their impact on the selection of trade.

The tendency for many amateur traders, however, is to over-complicate this process. They want to use too many indicators or patters, and they think that success is dependent upon something being highly complex. Nothing could be futher from the truth — in fact, simple is better:

1. Using too many or the wrong indicators is counterproductive, as the information that those indicators provide is counterintuitive and just plain misleading.

2. Using a few simple indicators in a uniquely powerful way can provide the right information necessary to make good trading decisions.

3. With the right indicators and patterns, you will be far more likely to trade with discipline because you will be able to understand an objective set of rules that the right indicators and patterns can provide.

In short, you are best off keeping it simple and applying a smaller set of indicators to identify the best possible trades — and avoid making ‘complexity’ a qualifier for determining whether a method will work or not. You’ll likely find that the simpler the method, the more successful you’ll be with it.

Related posts:

1. Forex Trading: Fundamental versus Technical Analysis Forex traders have today a wealth of information from which...
2. Learning to trade Forex – Learn To Trade It THIS way… Our research and surveys have confirmed too many new, inexperienced forex...

This is opinion only! This subject is largely a matter of personal preference. So take it for what it’s worth, and by all means, keep doing what’s working for you.

When first learning to trade Forex, you should focus on the best Forex pairs for trading. By best, we mean those pairs that are widely traded, have the most liquid markets and have sufficient price movements (or, volatility) to be worth trading. The following pairs are consistently recommended as best for trading in the Forex markets for meeting these requirements:

• EUR/USD (Euro/US Dollar)
• GBP/USD (British Pound/US Dollar)
• USD/JPY (US Dollar/Japanese Yen)
• USD/CHF (US Dollar/Swiss Franc)
• USD/CAD (US Dollar/Canadian Dollar)
• AUS/USD (Australian Dollar/US Dollar)

By limiting yourself to these pairs you can: reduce the amount of time spent searching for potential trades; locate stronger and better trends developing among fewer pairs; and, make it easier to get into and out of a trade quickly.

You can go a step further, as well, and limit yourself to the two most liquid and widely traded pairs: EUR/USD and GBP/USD.

Related posts:

1. Learning to trade Forex – Learn To Trade It THIS way… Our research and surveys have confirmed too many new, inexperienced forex...

While many traders advocate fundamental analysis-based trading, it should be argued that this style of trading is very difficult especially for people who have little time to trade (less than an hour a day), or who are new to trading Forex.

Fundamental analysis traders tend to be ‘always on’ — or, day trading because it requires PRECISE timing to move with the markets. If you can’t get to your trading platform the minute a ’surprise’ report hits the newswire, you’ll be too far behind the action to respond to it.

That’s because the markets are always taking in new financial and economic information from around the globe — and they are continuously reacting to it to the minute.

Trading on Fundamental Analysis means understanding that the underlying data is NOT important — the market’s reaction to that data is important. Remember that most fundamental data is ‘projected’ – the actual release of fundamental news only acts to confirm or change those projections. Thus the ‘timing’ of fundamental analysis if of greater importance and leads to shorter term profits or loss due to the swing in market reaction.

Trading on Technical Analysis, however, gives you maneuverability in the markets. Technical Analysis is designed to reflect fundamental analysis in the current market price — in other words, the market is doing the fundamental work for you. What you are doing is riding a trend based on the trend meeting certain criteria (known as conditions).

Technical Analysis will allow you to identify, confirm and enter a trend with enough time in the trend to generate profit potential. Technical Analysis will also identify, confirm and help you exit a trend that has run its course. In both cases, the action of the price in the Forex markets will dictate what moves you will make.

Thus, using a good trading method based on technical analysis is a less demanding way to trade Forex with far greater odds of success.

Related posts:

1. Using Technical Indicators to trade Forex Did you know there are currently more than 100 technical...

And that wasn’t all — he continued, a simple concept, similar to Gambler’s Ruin that permeates the forex trading world.

Here’s a typical scenerio, once a trader sees profit in a trade begin evaporating they get solely focused on getting back the lost profits. They forget to see the need to protect the profits that they still have in the trade. The result? A reversal continues, the once-profitable trade becomes a losing trade and the trader’s frustration mounts.

I’ve seen this myself and it’s the easiest trap to fall into, because you convince yourself that the Euro just hit that intra-day high and it can get back up there! Except – it doesn’t and it continues to pull back until your 20 or 30 pip gain turns into a 20 or 30 pip loss.

That’s a pretty severe example – but have you had that happen to you?

What is a forex trader supposed to do?

Bill had an answer for that, too!

He said most traders don’t know what the available profit potential is for any single trading event — that is, they don’t set profit targets which allow them to take what the market gives them and then exit the trade in multiple steps. And, without a strategy that protects capital first and manages profits second, there’s no way the average forex trader can survive in the foreign currency markets.

In order to position yourself correctly, traders MUST have a multi-part strategy — one that teaches them how to identify the BEST available trades, clearly sets out a profit target, helps manage the taking of those profits and from the outset, teaches traders how to protect their precious capital!

He calls this managing risk first, taking profits second – and it’s really groundbreaking thinking.

Watch the first part of his new, free video series on this right here:

Forex Training Courses Video

Risk Eraser Video

Related posts:

1. Forex trading: Why most amateur traders fail One phenomenon that derails amateur Forex traders time and time...

With of one of the most respected names in Forex Training Courses around, Bill Poulos,

and Profits Run, Inc.

If you’re still losing money trading Forex, then you need to see this brand new, complimentary training video fresh from the recording studio of one of the most respected name in Forex Training Courses around.

In it, he reveals the REAL REASON most traders just like you keep on losing… and then shows you, step-by-step, how you can FIX any trading method you’re currently using.

Once you see what it is, you might think it’s a little “weird”, but after I saw it I was surprised more struggling Forex traders haven’t been told about this.

Here’s a hint: * It’s all about how to “–A– -I–”.

Once you figure it out, you’ll be surprised you ever traded without this technique.

Go here for your “invite only” access to a brand new, private Forex Training Courses site where you can see this video:

Forex Training Courses with Bill Poulos and Profits Run, Inc.

Forex Training Courses with Bill Poulos and Profits Run, Inc.

Make sure you watch it today. This is definitely one of those time-sensitive videos that I don’t expect to stay
online forever.

Related posts:

1. Bill Poulos Forex Trading Courses, Profits Run, Forex Time Machine If you’re still losing money trading Forex, then you need...