Why the cliche “95% trader fail” can be a good news to you?Ever wondered who takes all the money of failed traders? Yes,remaining of 5% take all the money.
The tile is not an exaggeration! I just put up the end result of 6 years of my experiment in trading currency.It is a hard learned method.
No magic indicator or $99 “download now” method has helped me to achieve the results.This is after I have tried almost all the strategies out there!
First of all, I would like to say ‘forex trading’ is not for people looking for any kind of quick and easy money.If you are one of them,read the post “how not get scammed in forex” as a gift for visiting this page and then leave this site.
Ok,so you are still here.Congratulations!
Let us talk business.
You might have noticed, I am not mentioning 100pips daily system or become a millionaire system.As market is dynamic,anyone promising concrete number will be out rightly lying.I am just sharing a method that has worked for me and may professional traders with whom I have worked. There is a concrete reason why it works in all market! I will talk about it later.
Indicator based trading
I will ask you one question? Do you use your trading decision based on colorful indicators like these?
Before giving any judgement on indicator trading,let us see how it works.
All indicators are calculated from price.Indicators show what has happened to market in past with an inherent lag as they calculate indirect average value of price.This makes them pathetically lagging tool to indicate future price.Realizing,the previous line mentioned was the “turning point’ in my trading career. I will save the argument and explanation to my free private forum.
Automatic robot trading
To be honest,when I see an advertisement selling robot; I feel both angry and sorry. I feel angry because so many dishonest Internet marketer selling ‘snake-oil’ systems showing gullible people dream of ”become-millionaire-click-button-system” .Sorry,because most of the people who fall for those trap are well-meaning people (mostly women or middle aged men) looking for making a living from working at home or becoming free from a hectic day job.
Simple one sentence! Automatic robot does not work.Else President Obama would give that to each of the unemployed American!!They do not work,because market conditions are too dynamic and erratic to be captured by simple mathematical rule.All of those artificial intelligence systems are big lie.
Enough! So,what exactly works?
Ok,so you have been ‘trading’ for last few months and your confidence level fluctuates like a wave? One profitable trade makes you feel like you can quit your day job in a year and in the next losing trade ,you feel like kicking yourself for that ‘stupid’ entry. You have been going to forex forums and asking for best forex strategies,indicator or
method out there?
You can do two things.
1)Continue in your old path and leave trading after some years whining “it is all gambling” or “nobody makes money in trading”
Forex strategies
2)Get a free entry to my private forum where all the strategies are described step by step necessary for successful forex trading.
If you are complete newbie,download this ebook before reading further.Forex trading is jungle.Information is free but they are so much over loaded that you can easily get lost when trying to learn forex trading.I have made a comprehensive but small “to-the-point” guide book which trains you step by step to advanced level of trading.It is not a compendium of definitions you get in general trading lesson websites.It is your answer to all forex trading education, training,course.
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