I have part Two of a Three-part Forex Training Courses “video kit” for you that’s online RIGHT NOW…
You may have already seen The “Forex Risk Eraser” Video Part1, which was released last week & shows you how to “erase risk” on every Forex trade you make.
Well, Part Two was just released today & it reveals the 6 steps that you need to do to make sure you’re AUTOMATICALLY protected when you trade… Read more... (415 words, estimated 1:40 mins reading time)
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regardless of your experience level, the method you use, or the type of trader you are (day trader, end-of-day trader, etc.)
This is a preview of
The Forex Risk Eraser Video – Part 2 Plus Download
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Read the full post (415 words, estimated 1:40 mins reading time)
One of the dirty little secrets in the forex market over the last few years has been the huge growth in so-called “robot” trading – Robots are nothing more than automated programs that work off of fancy mathematics based on historical market patterns.
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. Read more... (352 words, estimated 1:24 mins reading time)
This is a preview of
Forex Robots, The Great Debate: To Automate or Not Automate your Forex Trading
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Read the full post (352 words, estimated 1:24 mins reading time)
Today I had a conversation with Bill Poulos, I posed that question to him. This is what he said? “most forex traders wait too long to move stops to protect their positions and frequently watch their profits disappear.”
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. Read more... (355 words, 1 image, estimated 1:25 mins reading time)
