January 3rd, 2010
Forex Classroom
Understanding probability is worth a Million Dollars
In Forex, you don’t get paid to get emotional. You get paid when you follow a plan with an edge and have the probabilities on your side. That plan does not need to be sophisticated.
These days, the exact same systems that the banks use on a daily basis to drive their billion dollar profits are no longer hidden in their vaults and the same tools and systems are available to everyday investors and traders. The doors that were once locked to the average investor are now open and the same money that has been streaming through, you can now also get your hands on.
» Continue Reading »
January 2nd, 2010
Forex Classroom
Trade with a Winning Team
This is so critical and if banks have a secret to trading success, this is probably the one. Everybody thinks big money traders have better systems. They don’t have any better systems than you have access to right now, but critically they do have a winning team around them that has decades of knowledge, experience and success! Something YOU MUST have too!
» Continue Reading »
January 1st, 2010
Forex Classroom
Stop Pretending To Make Money
There are many trading education companies that insist that you must master the art of trading paper money first before moving onto Real Money. This is a myth. You always will make money in paper as you have no skin in the game and zero risk. There is no emotion and if you are a trader reading this you will be nodding and saying … “Yes, I made money in paper, but when I went live I just couldn’t do it”.
» Continue Reading »
December 31st, 2009
Forex Classroom
You can spend the next few years trying to find indicators that work 90% of the time but by the time you find one that does work 90% of the time the market dynamics change and it no longer works. You need to use a system that is simple and provides you with an opportunity to have at least a 50% to 60% rate of success and one that you own emotionally and can move with market dynamics.
» Continue Reading »
December 30th, 2009
Forex Classroom
Risk vs Reward is at the top of the list when it comes to making a killing in Forex trading. Many of the world’s highest paid Forex traders have win loss ratio’s close to only 50%, but they still make millions.
Why? Because they know how to reduce and manage risk. Amateur traders are looking for systems and signals that work 85% to 95% of the time. They don’t exist and you would be far better spending your time learning how to manage risk and trade a system that is 60% successful with a great risk management plan. Remember an incredible signal traded poorly will never beat a mediocre signal traded well.
» Continue Reading »
December 29th, 2009
Forex Classroom
Let’s not kid ourselves …Trading is a very competitive game and a very serious business.
It needs to be taken seriously and become your ‘business’ if you want to make a killing in this market.
You will not succeed at anything if you simply ‘dabble’ in it. This applies to trading as it does to just about any pursuit in life. It’s all about effort and focus. If you focus and commit yourself mentally to this business the outcome is assured … you will make an absolute killing trading Fx.
» Continue Reading »
