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Thursday 29 April 2010

THE STOCK MARKET has a SECRET. Here it is.



I am sorry to disappoint you but, There are no Trading Secrets.

If there is one plaque you should put above your pc screen, it's this one. THERE ARE NO SECRETS IN TRADING, THERE ARE NO SECRET SYSTEMS. Don't ever buy one thinking you are the limited few getting it. Before the internet came along, information was limited to the privileged. Now the information to become a successful day trader is readily available on the web. The problem is that most people simply want some easy system to make a lot of money, so I guess the big secret of day trading is that this actually takes a lot of work. That is why more people fail; because most people are lazy.

The only people who try to pursuade you that day trading is easy are snake oil marketers trying to sell you some new propriatary trading system, indicator, trading robot, or £247 eBook full of drivel. I am sure you have over the years, like me, acquired the secret systems, only to be disappointed.These are also the same people who want you to believe that there is a such thing as day trading secrets. They are praying on the typical lazy humans who simply want to make a quick buck. The ironic thing, though, is that the only people making a buck are the people selling day trading secrets while those who are searching for them are simply wasting money.

There is no secret for trading system. Most Professional traders use the simplest of systems. In his book ‘Market Wizards’, Jack Schwager, (to read it click here) interviews numerous profitable traders in the United States. There is an interesting observation to be made about most of them. Often Schwager asked if they were to start trading again, what would they do differently. Many answered that they would not have wasted as much time initially on their entry signals and they would have rather spent that time concentrating and developing their risk management rules and working on their own mindset or psychology.

When trading does not go well for most traders though, they begin to wonder what part of their entry conditions is failing them. Thoughts like, is it the data they are using, the software, should they use different moving averages like weighted or exponential, or look at hourly data.

What’s the difference between a professional and an amateur? Professional traders always control their emotion in every conditions. They believe that searching the Holy Grail is all about improved theirself. Rather than modified our system, we should learn about ourself. We can not control the market, but we can control ourself. The market has no rule. Then we should make the rules, trading rules. Trading is all about discipline and patience. You’ll make a lot of money from market if you can do that.

If you are still thinking there is magical trading system, you should avoid trading before you waste your time and money. There are many trading systems out there, free or paid system. Both of them should be suitable for your style. Trading style can be revealed as long as you keep learning. Do not use too many tools and indicators if you don’t want to be confused when analyzing the market.

Most of the times we have a good trading system but we usually destroy it because we want it to be perfect. Just follow your system and stick with it.

Successful traders have numerous personal traits in common. They are focussed, disciplined, passionate, and are totally committed to their trading. They are humble and always prepared to learn from their mistakes.

SO MY FRIENDS, LISTEN VERY CAREFULLY, The Holy Grail of trading has never existed and never will. Snake oil system sellers will always try to make us believe otherwise. Always be wary of sales pitch which contain the classic words such as, hidden secret, guaranteed no loss, anyone can make money with our secret even without any experience, incredible profits etc. etc.

Wednesday 28 April 2010

Every trader's dream, it's for sale? judge for your self


now read the following word for word, i literally mean, word for word, and honestly ask your self, would you sell this for £66.00?

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"Something Fantastic"

happens every few days to the Dow Jones index.. that will

make you rich!


If you learn the one hidden secret

which is repeated for years, you will make an incredible profit!


Never lose Dow Jones index trade is all you need! You don't need to learn stock market trading at all!

Anyone can make money with our secret.. even without experience..


What if you knew a trading secret so simple, yet so powerful, that anyone could use to profit from the Stock market
even without experience.
All You need is to trade "Dow Jones Never Lose Trade" every few days. 50 -100 ticks daily can be yours! This is Guaranteed! There is no way to lose money!

Forget Indicators and stock trading guides!


There is "something" which happens every few days with the Dow Jones Index...! This is when you can make real money! It is absolutely possible to have 9 or even 10 winning trades out of 10... All you need is to know the secret and exact trading algorithm. The secret can be used for some other major stocks too!

This Secret Will Completely Change Your Life!


The System is 100% mechanical and doesn't need any tech indicators or other tech materials...it can be used by anyone... even beginners. Newbies will like the simplicity while experts will like the ease of use and amazing Dow Jones trading idea .... It is a complete plug and play system can be used by any people even without any experience of Stock indices trading! All You need is the idea and the exact plug-n-play trading algorithm.

Finally, these unbelievable trading secret are available to the public for the first
time ever. This method have the potential to completely change your life. 100% Mechanical system, which have been hidden for years, known to only a group of Wealthy Trading Elite! Join us know...

I guarantee once you read and apply for our method - you will never look back, and never want to use any other trading Stock market system!

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Now hold your horses, before you rush to buy this holy grail, please read the review, click here and you will see what i mean.

http://www.greattradingsystems.com/2010/02/dow-never-loss-trade-review/

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Sunday 25 April 2010

List of Topics to come your way..


THE STOCK MARKET has a SECRET. i found it after after a decade ! on here next week..
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HOW TO USE THIS POWERFUL TOOL to weed out the con men before you buy another system.
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JUST 10 POINTS A DAY is all you need TO GET RICH !!
Quote from the system sellers,

"Imagine if you could make just 10 points profit a day, spread trading the financial markets... that's not much of a goal is it "?

At just £5 per point, that's £250 aweek
At just £10 per point, that's £500 a week etc.

DON'T FALL FOR THIS CON!

Think about it, if ten points were so easy to get daily then every body would be a millionaire within a year compounding it. They also attach a spreadsheet showing you how it's compounded. it works in theory but it's a disaster in practice...more to follow. It can be done... but only by professionals, that counts us out!
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(B) HOW TO TEST SYSTEMS ON A BUDGET How not to get conned out of your MONEY, when you ask for a refund within the 30 day period.
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(C) WHY TRADING ON A SHORT TIME FRAME, UNDER 30 MINUTES IS NOT RECOMMENDED FOR BEGINNERS.
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(D) AS AN EXCERCISE, WATCH THE MARKET ACTION, IN DIFFERENT TIME FRAMES. HOW THIS WILL HELP YOU.
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(E) TEST THESE LONG TIME FRAME STRATEGIES, as an excercise and see how you get on.
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(F) Money management.
HOW even a successful system will destroy you with bad money management

(G) Why should never have a trade open at this time...

(H) Why you should NEVER EVER, be in a trade without this...
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Saturday 24 April 2010

The way to become a successful Trader

I am sure you have heard of this when starting a business, Location, location, location.

In trading it's DEMO , DEMO, DEMO.

So trading is a good business but is it a suitable business for everybody?

To become a trader, first you have to learn it. It is not very hard to learn. There are enough free information over the internet. You just need to spend a few months to learn everything. But the more important part is the experience. You have to learn how to use your knowledge to trade and make money.

Trading is like driving a car. You can sit at home and read a lot of books about driving and know about it more than a driver who has a 30 years experience. But as long as you don’t practice and don’t drive, you will not become a driver. To be a good driver you also need to have a healthy body and mind otherwise you will make problems for yourself and the others. This is true about trading too. Not everybody who knows the techniques theoretically can be a good trader.

You have to have three things to become a good and successful trader:

1. Knowledge
2. Experience
3. Suitable mental and psychological condition

A professional trader is not someone who makes money with each and every trade. When he loses in a trade, he tries to find the reason. If you lose your money as soon as you start working with the real account you should ask yourself that “Do I have enough knowledge? Do I have enough experience? Am I mentally and psychologically ready to trade with my money?”

If you answered no to any of the above questions, you should not trade with the real account.

You can learn everything about trading through the internet. Internet is full of free and invaluable information about forex. There are also free videos that you can watch and learn a lot. They all talk about trends, patterns, indicators, candle sticks, fundamentals and … and you can learn all of them word by word.

Then you sign up for a demo account and start trading. Sometimes your first trades are very good and it deceives you that you have learned everything and now you can trade with real money but you don’t know that the market is like an ocean. Sometimes it is calm. Sometimes it is stormy and sometimes there is a Tsunami because of an earthquake. Someone who has experienced sailing when the ocean has been calm may think that he is a sailor but he is not aware that the storm is on the way and he is not experienced enough to face a real storm. He goes to ocean and becomes trapped by the storm.


Hurricane Katrina turned slightly eastward before slamming into shore redirecting the storm's most potent winds and rain away fr

Professional trader means someone who has built his confidence through enough practicing and repeating his success. Beginners should keep in their mind that a few successful trades with the demo account doesn’t mean that they are good traders and a few successful trades with the real account, doesn’t mean that they can increase the amount of the trades.

Beginners have to keep on trading with the demo at least for 3 months. The other thing is that they have to have a system. Trading with the demo account without an especial and well-described system is wasting of time. You have to know what kind of signals you should be waiting for before you buy and sell and you should know that you only buy and sell when you see the signals not when you think that you are seeing the signals. Like waiting behind the red light. You start moving only when you see the green light.

So you have to trade with the demo account at least for few months. You have to learn to get stuck to your system. You have to learn to control your emotions. You have to learn to control your fear and greed before you start working with real money.

Unfortunately some greedy brokers push the beginners to open real accounts. They are not smart enough to understand that they have to have long term traders not one day traders. Most beginners who lose their money, will never reload their accounts and so the brokers will lose them for good.

When you work with the demo account for few months, you feel a confidence in your heart. This confidence is not a false confidence because it is gained through practicing and experiencing. If you don’t feel a true confidence, keep on practicing with the demo account. It doesn’t matter for how long. One year or even two years. Nobody has determined a deadline for you. So don’t rush. The market is always there waiting for your money. IF you jump to a real account without running a demo, I PROMISE YOU THAT YOU WILL BE DEMO-lished.

Then open a real account but please note that after opening a real account, you are at the BEGINNING of a new stage. Yes! Working with the real account is different from the demo account.

Why? Are the signals, charts, indicators, currency pairs and … different?

Absolutely not. They are all the same but something that is different is that you know that you are playing with your real money. The money that you have been working to the bone to collect. You don’t like to lose it. You want to increase it.

What will happen then?

You trade with more fear and greed. You don’t close the trade that goes against you because you don’t want to lose. You wait for the price to change the direction but it won’t and finally you decide to close your trade when you have lost a lot.

Or you keep a good trade to make more profit. You ignore the reversal signals and so you lose all the profit you had in your hand.

Sounds familiar, doesn’t it?

So what should you do?

1. Start learning first and complete your knowledge. Learn everything that you should know about the trends, patterns, support, resistance, candle sticks, reversal and continuation signals and … . There are a lot of websites that have these information for free. You have to spend at least three months to learn all these things.

2. Decide that if you want to be a swing trader or an intraday trader. As a beginner you should choose one of them because you have to be focused on one thing first.

3. Choose a system (strategy). Your system should be as simple as possible. Complicated systems are not applicable. You can only lose with them. A System should be as easy as 1, 2, 3. Also choose a system that works according to technique and knowledge not according to superstitions. In an e-book I read about a strategy that says you should buy when you see the price has gone up for 80 pips before noon!!!

4. Start trading with the demo account using the system you have chosen. If you see that you don’t like your system or it is not good, change it. Find a better and simpler system. Get stuck to it and test it over and over and over. Spend several months to one year with the demo account. Do not be fooled by some of the forums members who say “I have started trading two months ago and now I make 100 pips everyday”. This is not true.

5. Forget that the account you are working with it is a demo account. Consider it as a real account. When you see you are losing, think that it is your REAL money that is burning. And when you see that you are making profit think that it is going to your real bank account. Keep in your mind that if you rush and trade emotionally you lose your money. This will help you to experience your fear and greed before trading with the real account. If you experience them, you will learn to control them. Don’t let them show themselves right when you start trading with your real money.

6. Then start working with a real account BUT trade with a very very small amount of money. I don’t care if you have a £500k account or a £100 account. Start trading with the minimum amount that you can place an order. Keep on working with this amount of money for a few weeks. If you saw that you are trading exactly like when you have been trading with the demo account, increase the amount of the money gradually. Do not play with a huge amount of money after a few successful trades.

7. Don’t give up! Don’t get disappointed when you lose. Everybody loses at the beginning. Even the best traders lose in some of their trades. Learn from your mistakes. Keep in your mind that losing is part of the game. We do not practice to learn not to lose. We practice to learn how to lose small amounts and win big amounts. Your stop loss will be triggered in some cases. This is natural. It should not prevent you from entering to another trade.

Saturday 17 April 2010

A new trader needs trading info, preferably free.


Most asked questions from newbies.

Eddy, help, I can't afford to buy all these expensive books on trading, charting and systems making?

You don't have to. Just click on this link, All the sytems and PDF books you will ever need. once on the site, then in the search bar type in, trading systems, or trading books. Choose the ones that catch your eye, and hit the " download now " button. it delivers a 400 page book in 20 seconds.. lovely jubly...

Before I put even a single penny on the line I like to test my strategy on a demo account. Demo trading helps me speed up my learning time many folds and it also acts as initial qualification of a strategy’s potential of success. I can then safely test the strategy.

Demo trading is the best way to make yourself familiar with the brokers platform. download their demo and press every single button and check all options. You can’t break anything in demo.

Demo trading helps me speed up my learning time many folds and it also acts as initial qualification of a strategy’s potential of success. I can then safely test the strategy.

Rule number one, risk. Yes risk you never ever risk more money on any one trade than makes sense. Of course we all have different levels of risk tolerance that goes without saying. But if every time you open a trade you have your whole bankroll riding on the trade how many times do you think you can be wrong before your trading days are over and you’re looking through the want ads again?

Which brings us to most asked question number two, losses. Yes everybody has losses, I do, you will even the most experienced trader on the planet will have losses. The sooner you accept that and move on the better off you will be. You can’t beat yourself up over having a couple of losses. Try not to look at them as losses, look at them as business expenses. They are just a part of doing business, nothing more nothing less. You could see a market that looks setup perfectly to make a move all the planets have aligned and sure enough you jump in and get your fill. Only to have the market turn the other way and take off like a Jack Rabbit, it happens far more often to us than most traders would like to admit. You can’t take losses personally you can’t try to trade your way out of them and you can’t control when they are going to happen. So just don’t beat yourself up, take your loss chalk up to a learning experience and move on. Sometimes there isn’t even anything to learn. You made the right move everything looked good, the market just turned. It will do that more than you care to think about.

Most asked question number 3, what’s the best system for trading? Well the best system for you is your system. Let that one sink in for a bit. There are as many systems out there as there are traders. They aren’t all perfect and what works for you might not work for me or anything else. The one thing I can tell you, there is no holy grail of systems. They all can be used by just about anyone; they just all need the personal touch of the user. A system working for a week or two or eight does not making it a winning system. All systems have their good and bad points; none of them seem to work in all markets. There is so much to choose from between systems and how to use them I think I’m going to make that a topic for an entire newsletter all by itself. The bottom line about systems is to do what works for you, learn what you like. Do you like swing trading, scalping, intra day…whatever you like there will be a system you can buy to get you started down the right path while you figure out all the nuts and bolts.

I hope this has giving you a little bit of insight into a long term successful trader’s mind.

Check back as I’ll post more once I have some time to put pen to paper a bit more. Take care and thanks for reading.


Saturday 10 April 2010

My journey as a full time trader.



My journey began about 12 years ago.. with a little book on trading, by james king,

"Stop living and start making a fortune"

It was a journey that would be long and cost me dearly.

Over the next few years i had followed most of the gurus out there, with their promises to make me rich quick in trading their system. I had over time tried most of the systems advertised by the popular publishers. Sadly to say that non performed as advertised. In the begining I attended two seminars. only to be handed a 100+ page manual, which was mostly an introduction on how the stock market worked and the various instruments used. Today the same info is freely available on the web. No more seminars.

Armed with a live feed and a charting package (system included) i was a trader ! It was roller coaster ride. I experienced the Fear and greed in my trading. I grossly underestimated the steep learning curve, which had taken up nearly two years of my time. The so called gurus/ system sellers don't tell you this. With their sales brochures, They make trading SOUND SO EASY and most of us fall for it, myself included ! It has taken me a long time to grow out of this bull.

I tried various combinations to come up with a system to make money in trading. It was time consuming and laborious. staying up late and working out different strategies and variable settings on the moving averages, and popular indicators to generate signals. I back tested moving average settings which showed vast profits, only to find that in real time it didn't materialise. Read countless books on trading, technical analysis. They didn't give me a system that i was looking for but they gave me the ingredients to make my own.

Systems, I had gone through a sackful over the years.. shiraz lakhi, betting on a fortune, index trade, FTS by peter hall, prophecy real time, ftse wealthbuilder, Louise woof, and many more.

Each of these systems was a stepping stone for me. It invoked new ideas to try out. In the end i guess i learnt something from them.

Every time you switch on your laptop there is an advert for a new system that's going to make you a fortune just before breakfast.

when most of these systems failed miserably, I came to a realisation that I will have to formulate my own system or a method, whatever it may be... i have to invent my own trading strategy. This was another mission, but eventually with dedication i found a way that i was comfortable with. It isn't the holy grail but works for me. I am sorry i cannot divulge the workings of the strategies used at this moment. Perhaps at a later stage. I will post the live trades as they happen, what i trade and when with clear guidelines as to when to enter and exit. I can honestly say that i don't use any indicators or fancy charts in my trading.

over time i found that various trading methods which i had formulated and was following live, were not performing brilliant in terms of returns on a monthly basis, but were consistent. They were averaging 50/ 60 / points, which is abysmal in trading terms. I figured that if i could run about 4 of these strategies from my collection, that would give me an average of 200 points monthly. The only problem was that most of them were throwing signals which were overlapping each other, which meant i would have to be as fast as the fastest gun slinger in the wild west !! not good.

After various testing runs i found a combination which I was happy with. Once i reach my monthly target of 200 points, i stop trading for the month. If I don't, I carry on.


WHAT I SPREAD TRADE.

First and foremost, I AM NOT AN EXPERT, and neither am i making out that trading is easy.

I am not out to prove that my strategy is the holy grail. l am out to show that collecting meager returns on a selected number of strategies, i am able to notch up a healthy return at the end of the month, and perhaps others can see the logic that if the home runs are not working out in the long run, it's time to go slow and steady. I combine "set and forget" strategies for the day. My maximum stop loss is 15 points.

All trades are daily, Start at 8.00am and closed out by 4.30 PM same day.


FTSE ROLLING DAILY
OCO order (one cancels the other) with 12 points stop loss and 10 points profit limit
A further trade depending on the opening action, 12 points stop loss and 10 points profit limit.


EURO/USD
OCO order with 15 pts stop loss and 15 pts profit limit.
A further trade depending on the opening price action. with 15 points stop loss and 15 points profit limit.

One evening strategy to be added. optional.


For the currency pairs extreme Caution should be used as economic data releases can knock you out. I use the calendar on www.forexfactory.com which gives you the time of the data releases for the day. I only use the red data releases as they have the most impact.





THE TRUTH ABOUT DAY TRADING THE MARKETS

Just look at some of these adverts for trading systems for sale, costing anything from £250 to £2500

If you can spare 10 minutes each morning, then let me show you a way to turn £160 into £13k or more in 60 days.

i have turned £200 pounds into over £5000 in my first two days of trading the FTSE.

While you eat your cornflakes each morning,Before you go to work, take just twenty minutes to bank daily, tax-free £125, £274 or £363 profits.

I've over the years tried most of them! Lousie Woof Evening Trader, Earlybird, Wealthbuilder, shiraz Lakhi's index trade, betting on a fortune etc etc... and i have failed to make any money from them.

If it is so easy to make money trading as all the adverts say,

Then why aren't we all rich then?

of course, I understand that excitement you feel when a system promises you huge riches.

But then you try it out in the real world...

Suddenly the system is much riskier, and far more complicated than you imagined. You keep losing money, hoping for a break, until you give up in despair. Even though you're disappointed and angry... you try another system, by another 'guru'... and the same thing happens again!

Yes, it looks great on paper...but it's useless when you go 'live'. You have to stay glued to your computer screen. Or you can't make trades because of work commitments. You wonder if it's YOU that's doing something wrong... or if it's the system?

It feels like you're banging your head against a brick wall. You want to scream out...

"Does ANYBODY make money from trading?"

It's not like you're asking too much...

All you want is an easy, consistent way to make a few points profit each day... without having to risk your life savings. Something that fits into your busy schedule - even if you work all hours of the day.

So why is it so hard to make money? Why do so many systems fail? (And no, it's not your fault!) Why do they never live up to the hype?

And let's face it. You're probably sick of being asked to stump up money for yet another system. Tired and suspicious of big money claims and 'risk-free' promises that don't work out.

I don't blame you...

The Internet has made it incredibly easy for dodgy gurus to operate. It can cost less than a round of drinks to set up a professional looking website. Now the market is swamped with 'experts'. All of them shout from the roof tops that they're the best thing since sliced bread... that they'll be the ones to help you make big money from the markets.

The naive believe there is a secret to trading success,

and they search for it but in the wrong places, such as expensive trading programmes/systems. With experience they realise that the only secret to success is hard work and talent.

Trading is viewed by many as seductively easy until they start losing.

Until they become one of the 80-90 per cent that do not last a year in this profession.

Trading success is difficult.

The dream and the reality

Each one of us has a dream.

For the wannabe a trader there is only one; to pit his or her ability and capital against the market and earn a living from it.

We go to school, gain an education, become employed or start our own business. We learn what we need to know to be successful,

but nothing, nothing in our education or work experience provides the comprehensive knowledge or psychological control necessary for success as a trader.

intellect, a good education and success in any other business is irrelevant.

Unfortunately its human nature to assume that if we succeed in one area we will automatically succeed in another. You have to come to the realisation that day trading is like nothing you have experienced.

The reality is that day trading/short term trading is going to be one of the hardest things you have ever done, and without the proper training and psychological preparation, your stress level will most likely be off the scale


Let’s Get Started

Did you know that 13,100 web sites sell day trading systems for stocks and commodities? If so many people are getting into day trading, why would you want to get into trading? Simple. 90% of those traders are consistently losing money.

Are you tired of the hype?

Trading Strategies Exposed!

most of them are not worth the paper they are printed on.

I have tried and tested various online trading strategies over the years – prices ranging from a couple hundred pounds to £3,000! Yet, most of them were unworkable. The ones that looked okay weren't profitable when live tested and in the end I had to figure it out myself; had I known about this when I first started I would have saved myself thousands!

All-in-one software programmes like Star Trader will set you back between £3,000 and - GUESS WHAT,

There are lots of people who believe that Forex markets can be predicted in advance, with the
help of scientific formulas. The problem is - prediction is simply hoping and guessing in Forex
markets and it should be pretty obvious to anyone, that if there was a way to predict them
with science, there would be no market, as we would all know the price in advance! Prices
move due to uncertainty not certainty.
The three big theories to avoid are the ones sold by disciples of Gann, Elliot and Fibonacci.
these theories all claim to be scientific but if they know the future and can predict it, why do
systems based on these methods ever have a losing trade? If you use any theory which claims
it can predict the future, the predictions will end up as accurate as your horoscope.
Never try and predict, simply trade the reality of price change as it occurs on a Forex chart;
while you may not win every trade, if you trade high odds set ups, cut your losses and run
your profits, you will make a lot money.
Simple Systems are more Likely to Succeed than Complex Ones
There is a myth that the more complex a system is, the more likely it is to make money but
the opposite is true - simple systems work best because they are more robust than complex
ones and have fewer elements to break in the brutal world of Forex trading. If you want proof
of this consider this fact:
50 years ago 95% of traders lost money and today guess what? 95% of traders still lose
money! This is despite all the advances in technology we have seen in the period which
include:
PC'S that now have more processing power than Mission Control which helped put man on the
moon, complex software packages are now able to process huge amounts of data at lightening
speed, more and better news available and instant price information is available to anyone at
the click of a mouse but despite all these advances, it have made no difference to the number
of people who win.
Technology and complexity, do not guarantee success and never will and I would bet in a
hundred years time, 95% of traders will still lose. This is because Forex trading success is
dependent on something else which is not based on being clever or using complex systems,you
will understand what it is, by the time you get to the end of this PDF.
Keep phrase “KISS - Keep it Simple Stupid” when you trade Forex markets and don't try and
be to clever.
You Cannot Trade the Supply and Demand Facts
Will

The most common way for new traders to seek currency trading success is to buy one of the
cheap Forex software packages sold online. These Forex Robots and Expert Advisors however
don't work and anyone who buys them losses their money quickly and the reason why is
obvious:
These systems all claim that for just a hundred dollars or so, they can give you better gains
than the world's top fund managers achieve with less draw down; the track records would
make even the super traders like George Soros or Warren Buffet look average and yet, you
can do better than them with no effort and for spending a hundred dollars! Doesn't quite add
up does it? It looks to good to be true and it is:
If you look closely at the systems, NONE of them produce a verified track record of real gains –
so where do the track records come from? The answer is simple, the vendors make them up.
Look at most and all you see are simulated back tests, over historical data knowing the closing
prices! We would all be millionaires, if we knew tomorrow's price today but we don't and that's
what makes Forex trading such a challenge. Other vendors put out figures they say are real
but as there from the vendor, they should be ignored - ask him for verification from a third
party and you won't get an answer. These systems are so cheap, because they don't work, if
they did 95% of traders wouldn't lose money. The only one who makes the regular income
with these systems is the vendor selling the system. Forex Robots and Expert Advisors give the
Forex industry a bad name and sadly, thousands of traders fall for the hyped marketing copy
and trust their money to them and lose.
If you want an automated Forex trading system which actually does make money, you can get
one for free on our site “ The 4 Week Rule” by Richard Donchian will beat any of the cheap
Robots above and is a great system, if you accept you will have periods of losses and you look
long term; it's worked for some of the top traders in the world for over a quarter of a century
and will work for you too.
You Don't need to work Hard or be Intelligent to achieve Success
After the traders who think they can get rich with no effort, we have a group who think the
expect opposite and think that working hard or the fact that their intelligent, guarantees them
success but nothing could be further from the truth. Hard work and intelligence are not the

EVEN THEN THERE IS NO GURANTEE YOU WILL MAKE MONEY, but YOU still end up having to do the work reading charts, monitoring newsfeeds, and choosing from DOZENS of buy and sell signals spat out at any one time.

Trading robots or bots as they are known, are complete rubbish.. show me one that consistently makes money, end of subject.

NOT FORGETTING SEMINARS !!!!

You could go to a seminar and learn all about the 'inner workings' of the markets. But do you really want to know all the technical stuff?

Even if you did, this 'background' will cost you anywhere between £800 and £5,000 for ONE DAY... YOU STILL WILL BE NO WISER THAN BEFORE.. guaranteed.. most of the stuff you can find on the internet free

There are several other trading packages and softwares out there charging £1,400 upwards for 'predicting' something which you can do yourself.


The TRUTH About Forex Robots and Automated Trading Systems

The truth is, 95% of retail traders lose money in the Forex market. They get frustrated, try Forex Robot after Forex Robot, and still lose money. The market is full of automated trading systems and “unbeatable” Forex robots that will trade for you, making you thousands overnight while you sleep. Or so they say…


Most Forex robots and automated trading systems don’t work. If they did, top banks and financial institutions certainly would be using them and not have fallen to financial woes.

Forex Robots make a LOT of money… for the guys selling them, not for the people buying them. Sure, some people make money with it.

A blind horse is bound to find water ONCE in a WHILE, right?

But IF I find a Forex Robot that won’t wipe out your account i will let you know.

All experienced traders know that around 95% of traders go bust within the first year.

You won't find promises of huge earnings on this site.

Just "NO BULL" NO FRILLS, honest opinion and my trades live as they happen.

Day Trading is made out to be glamorous, let me assure you it isn't, and it can be very, very hard work.

Dear Fellow traders,

I spread trade the daily FTSE 100 and the Forex market.

I confess that i am not an expert..but i am a disciplined follower of my trading method rules. I use my own system/method to and make trades between 8:00am and 4.30pm.

My trades have variable minimum stop losses 0f 12 points and a maximum stop loss of 15 points,

depending on the market traded

Minimum profit limit of 10 points and maximum profit limit of 15 points put in place before the trade is put on.

You could grow a tiny starting bank into a regular tax-free income. I will post my daily live trades on the trading site, www.trade2win.com. This site has been invaluable in my quest for answers on trading. It is blessed with traders/members who will help you with any queries you have.

Imagine if you could make just average 25-30 points profit a week, spread trading the financial markets... that's not much of a goal is it? but carry them over to the end of the month and you slowly increase your trading bank.

And yet at just £5 per point, you'd be making £150 a week or over £575 a month...

Just follow my

strategy and see how i rake up a tidy profit at the end of the month.

WHY YOU WON'T MAKE IT.. WITH NO OFFENCE TO YOUR CAPABILITIES

Worst mistake that people make is that they believe trading is the easy answer, a way to get rich quickly.

People will often expect to become wizards in the market overnight, but they fail to realize that trading is like any profession; you must learn how to do it first.

For example, would you attend a weekend doctor's seminar and expect to conduct heart surgery on Monday? Of course not! I am shocked at what people expect when they go to a weekend trading seminar. They think they will create wealth without having to work, invest or think, and it just doesn't happen that way.

After treating trading like a get rich quick scheme, the next most common mistake, is to approach the market without a plan.

Without a trading plan, traders approach the market in an inconsistent manner. One day they trade stocks and the next they trade the foreign exchange. Or, they may use one set of indicators one day, and the next day they will throw these indicators out the window and take on a completely new set. Without a consistent approach, the only thing governing their trading decisions is really emotions, and that will doom them to failure.

predict

The first most expensive mistake, I made was to search for the "Holy Grail" of trading.

This was an incredible waste of both time and money. During the first years of my trading career, I spent over £2500 on a library full of books, videos and seminars as well as spending thousands of hours in search of the perfect trading methods. Honestly, 95% of what I bought was pure junk?

The second most expensive mistake I made was not having a predefined exit point.

Early in my trading career, I remember trading the ftse without a stoploss in place. Mainly because i had the trading capital in my bank, £20k. Unfortunately, when things did not go as planned, I did not know when to exit, and was paralysed. I kept rationalizing why I should hold onto the trade. Hoping that it would turn round any minute now, now. Some did turn around but the majority didn't. As the ftse continued to fall, I made more and more excuses. At the very end, I remember thinking, "I can't take it anymore!" so i got out with a massive loss. Within a year i was wiped out.

I learned two very valuable lessons at the end. First, always have your exit points predefined. Second, big losses once started out as small losses, and it is much easier to take a small loss than a big one.

Trading is not an easy profession, but it give you great rewards. Avoid these common errors,

create a simple, well-designed trading system, and learn your market. If you take the time to study the market, and learn from other's mistakes as well as your own, you will become a successful trader.

After years of trial and error that's when I realised that I didn't have to have huge winners every day. I didn't have to have the holy grail system.

I didn't have to look for the big points profit. In fact all I had to get was follow my trades daily win or lose. At the end of the month i would on average achieve my target.

Trading is not easy, through sheer persistence, over the years I have found a style of trading and started executing my strategy, my results took off, they were consistent, averaging out to a healthy profit at the end of the month.

Pretty soon, I was making consistent successful trades and was achieving my average 25-30 Points every week.. now 30 points a week don't seem a lot but let me assure when you have the confidence that the system is consistent, you raise the stake per point and that's when you realise the potential of this slow but consistent strategy.

Always start off small, and let the bank grow..

If you start with just £1 per point, then increase it as you steadily grow the bank.

I should say here that, of course, not every trade will win. But by using my method you can expect a steady growing trading bank.

Following every trade as indicated, and not being greedy, and just aiming to take 25 points on average, you too could do what I've done many times over... starting from £1.00 per point.

Once I had achieved various targets, which I will explain to you, I went to £2.00 per point.

I stuck to my plan... and from there I compounded my profits which then took me to £3.00 per point.


Then pretty soon, my increase in £'s per point started jumping which meant I was now earning more. And £4.00 per point!

At £7.00 per point, I was now earning £10,000.00 a year! it takes time to arrive at this level.

I would like you to watch my progress live and judge for yourself. No past figures, just live results.
On that note, I would like to welcome you. Everything on here is
FREE !!
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If you have come across similar articles to mine on this blog, don't worry. To save time i have gathered and edited relevant trading materials freely available on the web which are of interest to the trading topic. I will do my best to weed out garbage and only post what i think will be of be of interest. If at times i fail to do that please forgive me as i am not a copywriter. Thanks.



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WARNING.. WARNING... WARNING..

Legal Disclaimer

The information presented in this site is for general information purposes only. Nothing presented on this web site or in the purchased materials should be construed as a recommendation to buy or sell any security/future or to participate in any particular trading strategy. Spread Trading is very risky. There is a possibility of substantial financial loss, greater even than monies initially invested. The simulated, hypothetical performance results presented herein have certain inherent limitations, due to the fact that the trades have not actually been executed.

Please note: this site is designed for educational purposes only. There is a risk of loss in all trading. Spread Betting carries significant risk and should only be undertaken by those who can afford to lose some or all of their investment. In extreme circumstances you can lose more than your initial investment. Before investing, or if in doubt about the suitability , please seek independent financial advice.

IMPORTANT NOTICE: spread trading/betting has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits. The past performance of any trading system or methodology is not necessarily indicative of future results.

DISCLAIMER Risk arning

Day Trading Involves Risks and You Can Lose a Lot of Money. Hypothetical or simulated performance results do not represent actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. By viewing this page 1 acknowledge that I have read the above statements and am aware of the risks associated with trading. Venture Planning Associates Inc. acts as a marketing agent for this training program. It does not warrant or represent that the material is accurate or will increase trading profits for anyone purchasing or using this product. All charts and techniques are provided for training purposes only.
CTFC rule 4.41 - hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
IMPORTANT NOTICE: Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this training course. The past performance of any trading system or methodology is not necessarily indicative of future results.
Day Trading Involves Risks and You Can Lose a Lot of Money. Hypothetical or simulated performance results do not represent actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. By viewing this page 1 acknowledge that I have read the above statements and am aware of the risks associated with trading. Venture Planning Associates Inc. acts as a marketing agent for this training program. It does not warrant or represent that the material is accurate or will increase trading profits for anyone purchasing or using this product. All charts and techniques are provided for training purposes only.
CTFC rule 4.41 - hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Day Trading Involves Risks and You Can Lose a Lot of Money. Hypothetical or simulated performance results do not represent actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. By viewing this page 1 acknowledge that I have read the above statements and am aware of the risks associated with trading. Venture Planning Associates Inc. acts as a marketing agent for this training program. It does not warrant or represent that the material is accurate or will increase trading profits for anyone purchasing or using this product. All charts and techniques are provided for training purposes only.hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.Risk warning
Any type of trading/investing especially if on Margin, carries a high level of risk and you could lose some if not all of your investment. It would therefore be considered unwise to ever risk more than you can comfortably afford to. I am neither a broker nor a financial adviser and purely publishes my trades and sevices of how to read the market using the trading tools provided. I do not advise or recommend investments or trades in the markets at all.
It is understood by all parties that I cannot be held responsible for any losses incurred by persons/members who use this website whatsoever and neither shall any member pursue any recompense at any time for whatever reason from me. Any or all trades made it's members are done so purely at their own discretion with the understanding that every member is soley responsible for their own actions. Please note that past performance may not be indicative of future results and the results could go up or down.

International currency, stock index or commodity prices can be highly volatile and unpredictable. The past is not a guide to future performance and strategies that have worked in the past may not work in the future. No representation is being made that any account will, or is likely to achieve profit or losses similar to those shown.

Prior to trading on the Foreign Exchange market you should carefully consider your investment objectives, level of experience and personal risk appetite. Risks you could be exposed to include, but are not limited to, leverage, creditworthiness, limited regulatory protection and market volatility. Additional risks when using an Internet-based trading system include, but are not limited to, hardware, software and internet failure.

The leveraged nature of foreign exchange trading means that any market movement will have an equally proportional effect on your deposited funds. This may work for you as well as against you. The possibility exists that you could sustain a total loss of your initial margin and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses accrued with your Broker.

The value of any trade, and income derived from it can go down as well as up and your capital is at risk. You should only speculate with money you can afford to lose and be aware that you could lose your initial deposit. The publishers of this site and anyone associated with it, will not be held responsible for any losses incurred as a result of using our systems or any information found on our website. If you are unsure as to whether this form of trading meets your investment objectives then please seek your own Independent Financial Advice.

The application of any techniques or educational information contained on our website or within our materials is done so at the traders own risk and discretion. I will not be held liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Our website and guides are provided ‘as is’ and without any warranty.

We have taken every possible measure to ensure the accuracy of the information provided on this website. Any opinions, news, research, analysis, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. Please note that the content on this website is subject to update or change at any time without notice.

Although due care has been taken in preparing this website, the authors and publishers disclaim any liability for any inaccuracies or omissions.

Hypothetical Performance or Back-Tested Results
Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those inferred or shown. There are frequently sharp differences between hypothetical performance results & the actual results subsequently achieved by a particular trading program. One of the limitations of hypothetical performance results is they are generally prepared with the benefit of hind sight. In addition, hypothetical trading does not involve financial risk & no hypothetical trading record can completely account for the impact of financial risk in actual trading. The ability to withstand losses or adhere to a particular trading program in spite of trading losses are material points which can adversely affect actual trading results. There are many other factors related to the markets in general or to the implementation of a specific trading program which cannot be fully accounted for in the reparation of hypothetical performance results – all of which can adversely affect actual trading results. Although due care has been taken in preparing this website, the authors and publishers disclaim any liability for any inaccuracies or omissions.

By using this site, you acknowledge that you are a consent adult and understand your decision.

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About Me

west midlands, United Kingdom
I am not an expert. I am just an average guy. No PHD in economics. I use the trading knowledge and the knocks that i have acquired on the way to, make money trading using a slow and steady calculated approach. Rather than going for the big ones. I try and take small profits by using multiple strategies, which when added up all together at the end of the month, give a healthy monthly profit most of the times. I sometimes average a meager 45 points a month from from one of my methods. The majority would put that method in the bin straight away. But when i have 5 of those methods running side by side, I achieve my target most of the times. It is an attempt to make the newcomers see that the "systems" or methods that we discard because they don't make 1000 points a week! should be retrieved from the bin and used constructively. This is my approach. You will with patience formulate your own, in time. Thank you for following my blog. you can contact me at daytradewitheddy@hotmail.co.(uk) just remove the brackets from uk