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Tighten your seat belt and listen very carefully, the forex education and training on price action in this in depth article is priceless and could significantly enhance your forex trading success and forex trading account profits.

The real cold truth is, You have likely been brainwashed thus far in your trading career, everything you see and read on the internet about forex trading, and all the glitters of huge easy trading profits and stupendous mechanical trading robots is a complete load of rubbish and you are only kidding yourself if you truly believe that is the highway to trading success.

Now, as a trading expert and respected forex trading mentor, let me tell you the realities and the truths about what it takes to make money trading this lucrative yet challenging industry we call forex.

There really is in my mind, only one genuinely profitable forex strategy and that is the study of raw price action.  Everything else preached online is a complete and utter load of trash; it’s a con job, an illusion to keep you losing your money to make the brokers rich, to make the internet marketers rich and you very poor!  Think about how many people lose in this industry, in fact, 95 % of all new accounts blow up in the first 6 months, go figure!  Think about why brokers allow you to trade on low margins with practically no money down, they expect you lose! The truth is, it’s all set up to ensure you fail and make the select few at the top of the chain extremely rich in the process, just like a real working casino but on a much larger scale.

My Price Action Trading Journey

After several years in front of the ‘price action’ charts, messing about with silly indicators and scam forex robot trading systems, I came to the conclusion that the raw price action charts, the actual naked price data held the real holy grail to consistent forex trading opportunities and real profits. I don’t expect you to open up a chart and be able to read it perfectly the first time around, I certainly took some time to understand it all, but eventually it became second nature because I was reading first hand price data without the mess and random indicators, the answer was in the simplistic and extremely clear trading analysis.

The truth is, most traders have enough haphazard trading indicators, random pivot lines or other mess on their forex charts to confuse them to the point of insanity. The herds of forex traders are all seeking one common goal, to predict future price action correctly, it’s simply the only goal any forex trader, yet we are trained to analyse charts and study the price action in the most unprofitable manner, brainwashed by a swarm of naive and uneducated trading mentors who fill books and articles for selfish quick profits.

Now let me tell you my Price Action forex trading story…

I have been trading price action for over 5 years now, and I am yet to see more than 3 trading educators, less than 2 trading books  or even attend 1 seminar that touches even remotely on this trading style. I consider myself an expert on this topic, and have worked and developed many methods to trade raw price action charts and chart patterns; it’s without doubt my grail to profits.

But, I don’t expect you to take my word for it, in time I will show you why it is truly the only way to trade successfully… but I can’t convince you in just this article.  I truly hope I reach out to you and help you start your journey all over again, to push you on the correct path to learning what price action is all about.

If you’re not already on your way to trading raw price data, you are still likely to be in the wrong mindset of what it takes to trade forex successfully, the masses simply follow the herd behaviour – you included, and I am here to tell you it is all wrong, everything that’s freely available, and most of the paid content anywhere online or in books is almost useless.  It’s simply an internet marketers dream to try and sell to you their miracle forex formulae. Break the cycle and don’t be part in their game, run as fast as you possibly can!

The Road to Forex Traders Recovery

The first step is to recognise you’re being conned, and to allow me, or a like mined individual to take you and reprogram me your mind into trading raw price action.

So how can you fast track you’re trading career and start to look at the market in the eyes of a professional forex trader? How can you make the transition to price action trading and clean up your charts, remove your messy indictors and start to move away from overrated mechanical forex systems?  The answer is in the actual question, it’s to simply remove all your indicators, remove all your messy lines and pivots and whatever else, and start to learn to trade forex with a clean naked price chart.

Do me a favour, check out my free forex trading videos and trading articles on price action and learn something new, learn something that could help you move above and beyond the masses of losing traders.

Best of all, I am willing to help you for free, to prove to you and to show you beyond doubt just how powerful my price action strategies really are.

I look forward to helping you turn the corner and discover what price action forex trading can do for you. It’s been the turning point in my career and I’m sure it will be in yours too.

I have been trading the Foreign Exchange Currency Market (Forex) live for a few months as of this writing. I have to say it is VERY exciting!

I was beating my brains out trying to trade the Stock Market. Over 40 thousand stocks to watch (way too many). I tried Futures trading. That was just plain wacky. I tried Options Trading. Many more losses than gains. Then I found out about the FOREX!

At first, I was a skeptic. I didn’t believe all the hype (having seen the results of my last trading encounters). Now, I have found it is entirely possible to completely replace your income. In a matter of a few minutes, you can make hundreds of dollars and do this multiple times a week!

Here are only some of the advantages I have found trading the Forex:

You only have to watch one major currency pair (EUR/USD) to make money instead of over 40,000 stocks on the stock exchanges. Feel free to trade other pairs, but get good at it first.

The Forex Market trades 24 hours / 6 days a week. The Forex begins trading on Sunday at 2 pm EST and goes straight through until Friday at 4 pm EST. You can trade according to your schedule, unlike the Stock Market that’s only trading from 9:30 am to 4 pm EST.

You only need $300 to open a trading account with a Forex broker.

You don’t have to pay commissions to the broker.  This is HUGH! What a savings!  What you see is what you get in your brokerage account. After you close your trade the exact amount goes, instantly, into your account.

You can learn how to trade in a matter of hours. All beginners are welcome.

You don’t have to have any special degree to trade. No one is going to ask you what university you attended or what credentials you have. You are completely anonymous!

World’s best home-based business. You can have your own business with NO employees!
Work from home or ANYWHERE you can get an internet connection! (High Speed Broadband connection preferred) You are in 100% control!
In fact, you can sit at your computer and trade without having to talk to anyone.

You are now on a level playing field with the enormous international banks. The Forex used to be only available to the banking institutions until around 1999. Now individual traders can trade the Forex to make a healthy income.

Trading the Forex Market offers an unlimited opportunity! The choice is yours. I know which market I chose!

Have you heard about FOREX? How currencies are traded?

When you think about Forex, what do you think of first? Which aspects of Forex are important, which are essential, and which ones can you take or leave? You be the judge.

Let’s talk about FOREX and advantages of FOREX trading.

The good thing about FOREX is that the amount of money you need to place a trade (known as “margin”) is all that can be lost!

Of course, with the proper self-taught education you will win more than you will lose, but you should know  that despite the high leverage of FOREX trading (200:1 is possible, which means that when you put up $1 the trading vendor will allow you to trade it as if you have $200), it’s still  less risky than futures (commodities) trading. And when you trade stocks you can’t get this type of leverage.

Because of the FOREX market’s liquidity and twenty four hours continuous trading, dangerous trading gaps and limit moves are eliminated. Orders are executed very quickly, without slippage. If you do your research and find good brokers, they will automatically close some or all of your open positions if your account’s equity falls below the level required to hold the positions. You’ll never lose more than you have in your FOREX account.

Currencies are traded in dollar amounts called *lots* — One lot is equal to $1,000, which controls $100,000 in currency.
This is the “margin” I talked about above. You can control $100,000 worth of currency for only 1,000 dollars.

Currencies are always traded in pairs. The most popular currencies and their symbols are:

USD – The US Dollar
EUR – The currency of the European Union “EURO”
GBP – The British Pound
JPN – The Japanese Yen
CHF – The Swiss Franc
AUD – The Australian Dollar
CAD – The Canadian Dollar

A currency can never be traded by itself, so you can’t trade a USD by itself. You always need to compare one currency with another currency to make a trade possible.

The most commonly traded currency pairs are:

EUR/USD   Euro / US Dollar
“Euro”

USD/JPY   US Dollar / Japanese Yen
“Dollar Yen”

GBP/USD   British Pound / US Dollar
“Cable”  

USD/CAD   US Dollar / Canadian Dollar
“Dollar Canada”

AUD/USD   Australian Dollar/US Dollar
“Aussie Dollar”

USD/CHF   US Dollar / Swiss Franc
“Swissy”  

EUR/JPY   Euro / Japanese Yen
“Euro Yen”

The currency on the left is called the base currency. The currency on the right is the counter currency. For example, when you place an order to buy EUR/USD pair, you are actually buying the EUR and you are selling the USD. When you place an order to sell EUR/USD you are selling the EUR and you are buying the USD. Buying or selling a currency PAIR means buying or selling the base currency, and doing the opposite with the counter currency.

It might seem a little confusing, but actually it is easier to treat the currency PAIR as one item. It means when you place trades you simply sell or buy the pair. The base/counter concept is only important for fundamental analysis.

To decide when to sell or buy you will need to learn technical analysis and/or fundamental analysis.

In currency trading you can make money both, when the currencies go up or down.

The FOREX currency trading is a great way to work from home in your free time. You can trade any time you want, from Monday to Friday. But you must know that you can lose money in FOREX. So, getting the proper education and trading before doing any real trades is a must. Fortunately you can first practice on a demo account, until you get to the point that you win 70% of your trades. Nobody wins 100%. But you can be in profit even with 50% wins.

There are plenty of books and courses to learn currency trading, but be careful with all those $1000+ courses. Usually you can find courses with the same content for much less.

If you want to learn more about FOREX go to: http://www.currencytradingmethod.com. You will get a free e-book “Forex Freedom”.

Can foreign currency exchange software partner you in your Forex success?

Who would have thought that you could actually make a living in the Forex trading industry.  Foreign exchange success trading platforms, used wisely, provide winning strategies and resources to help the novice and the professional in stock and currency trading, managing accounts and making a profit.

Foreign exchange, futures trading or Forex trading as it is also known, is the trading in overseas currencies.  The beauty of foreign trading is that it operates continuously, allowing success to you 24 hours a day seven days a week.

Trading in the Forex market can appear complicated and be a very difficult to learn and apply. There is a lot to understand if one is to generate success, however there is now a better way to make money in the profitable currency exchange market.

A Forex chart, seen for the first time, may have you asking what it all means, what are the numbers on the chart and how can you turn this into foreign exchange success. There is definitely much to learn and Forex Profit Systems make it seem like ‘Child’s Play’.

You don’t need the services of a broker, if you are open to the prospect of making big money in trading on exchange markets the resources of Forex Profit Systems gives you the opportunity for foreign exchange success.

The number of Forex trading system software applications and training materials are numerous and once you start considering all the options, you may find it difficult to come to a decision on the software resources best suited to your needs.  Remember, some are promoted as being exceptional but unfortunately, most aren’t.

To help you decide on the right Forex system for you, take some time out to answer the following questions:

Does my computer have the right specifications to run the on line currency trading program?

Is the Forex Profit System easy to download, set up and operate – is it child’s play?

Does the Forex trading software have reliable and accessible customer support?

What will be your day trading practice, style and demand and do the foreign exchange trading strategies meet your requirements in these areas?

What level of financial risk are you prepared to take in your exchange trading?

How much currency do you plan to exchange in your daily forex online trading?

Are the trading system reports easy to understand?  Do you get a day trading report?

Is there a free trial period with a money back guarantee?

Is this a practical, cheap alternative to engaging a foreign exchange or currency broker? (DIY – so why not learn how to do it yourself).

The automated trading systems, often referred to as a Forex trading robot, can help you make money in the currency market, even without an understanding of how currency exchange trading systems work. These Forex robots monitor the currency market and make use of logic to put together foreign exchange trading options as you sleep, eat, work at another job or just relax.

All you have to do is buy the right forex software and set up your trading platform.  The Forex Profit Systems and foreign exchange training packages found on the web may provide the answers and resources you need to be a success in currency trading.  Foreign exchange success will give you information that will increase your confidence and reduce any stress you may have associated with trading in the exchange market.

Wishing you every success and happiness in your foreign exchange currency trading.

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Are you a beginner in foreign currency exchange trading? The first thing you have to do is to teach yourself the basics of foreign exchange trading. To become a successful forex trader, it pays to arm yourself with the basic information about the industry you are getting into. Also called the forex, the foreign exchange is the biggest financial market in the world. It is where four trillion dollars are traded each day, making the forex market four times bigger than the futures and stock market combined.

Essentially, forex trading involves purchasing and selling two currencies simultaneously. Sometimes, with the help of brokers, currencies are traded in pairs. Examples of currency pairs are EUR/USD, USD/JPY, and GBP/USD. The forex market has no physical location or headquarters for a central exchange unlike other financial markets such as the London Stock Exchange and the New York Stock Exchange. Instead, forex trading is done through electronic means, usually within a network of financial institutions. The market operates non-stop for 24 hours a day.

Nowadays, mostly large banks and financial organizations run the foreign currency exchange market. Banks usually trade millions of dollars in the forex market. The emergence of online trading companies has made it a lot easier for people to trade currencies. Online trading companies also enable retail forex traders to open their own trading accounts.

It is recommended that you learn the ropes of forex trading first before you begin with actual trading so that you can be well prepared. Before you trade in the market, make sure you have the following: computer, high-speed Internet connection, and a certain amount of money as capital. You also need to choose a forex broker.

Forex trading offers more benefits than commodity trading or futures trading. For one, commissions are usually not required. Also, forex trading is available 24/7. Lastly, you enjoy less risk, price certainty, and a 400:1 leverage with forex trading.

Foreign Exchange Charts

The forex investor profits by comparing two currencies and taking advantage of the exchange rate differences. Without this comparison, forex trading would not be possible. However, the foreign exchange market involves dealing with more than two currencies at a time and to increase profitability, a forex trader should deal in a number of currencies at a time. Comparing such currencies in real time is complicated and tedious, but currency trading charts can simplify this process to a great extent. Currency trading charts are a workflow in a normal forex trading scenario. They have a list of all currencies a foreign exchange trader can be trading at a time and compares all these currencies. The results are displayed graphically for easy comparison and swift decision making.

How to Use Currency Trading Charts

It is important to understand that currency trading charts are dependent on the foreign exchange market perceptions and the principles that guide demand and supply waves in the forex market. A forex chart will capture all the fluctuations in the foreign exchange market and present them in a graph to grant the trader control over the management of the funds. These trends can then be used to determine future trading prices and the forex trader can buy or sell when they predict that the situations will favor them. Foreign Exchange Charts

Types of Currency Trading Charts

There are several types of charts used in forex trading. These are:

a) Line charts – Line charts are made of simple lines that connect one closing price dot to the next closing price. These charts can be effectively used to determine a general price fluctuation over specified time.

b) Bar charts – Besides showing closing lines like the line charts, bar charts also have the advantage of showing the fluctuations in the value of a certain pairs in relation to time. It indicates the highest and the lowest prices attained as well as the closing prices of currencies.

c) Candlestick charts – These chart types present information presented by the bar charts except that they are graphically more advanced and easy to read and understand. It has red and green dots to indicate the rise and fall in price rates.

The process of analyzing currency trading charts can be referred to as technical analysis and is often very beneficial in determining future prices. To understand market situations and make sound foreign exchange trading decisions that will result in profit, you must learn to interpret currency trading charts accurately and efficiently. Foreign Exchange Charts

Some people call Forex the “Best Kept Secret in the Investment World” because even though the Forex market is the largest and most liquid financial market in the world, the average person doesn’t even know it exists.

Investment Trading is not a Get-Rick-Quick scheme. It is a skill that takes time to learn. Unlike stocks or futures, investment trading in the Forex market is a 24 hour market. With the ability to trade during the US, Asian, and European market hours, you can customize your very own trading schedule. Here are a few ways you can participate in Forex trading.

1. Hire Someone to Trade for You

By doing this, you hire a money manager to make the trades for you, pay them a commission, and pretty much relinquish control of your money.

2. Learn Investment Trading On Your Own

This can be quite expensive if you enroll in a workshop, not to mention time consuming. To get you started, I would recommend you go through any search engine to look for a free online course to introduce you to investment trading. Most courses will explain how the currency pairs work including the interest you will earn from your trades.

3. Subscribe to an investment trading software package

In many cases when you order a subscription, there will be a monthly fee to use the software but it will also give you access to the tools and education you will need need to setup your own investment trading account.

FOREX INVESTMENT TRADING STRATEGIES

It’s important to understand that most investment trading strategies do NOT teach people how to be directional traders. This means you will not learn how to “guess” which direction the market will move next. Neither do they provide you with a signal service.

What you will receive from most investment trading strategies is unlimited access to the internet-based software and unlimited access to training webinars that will show you exactly how to use the program and how to place your trades on various broker platforms. It will also show you how to set up your own account where you can manage your very own portfolio.

There generally are no charts or graphs to read and no research or signals to follow. You will trade currency pairs which, historically speaking, move in opposite directions and then be told when to enter or exit your positions. Most investment trading strategies relieve you from having to watch the markets all night, when they are most active, waiting for a trading opportunity. After you make 3 basic decisions based on your personal preferences, the investment trading program will calculate the number of lots to buy along with the corresponding buy and sell points for each currency pair you choose to trade.

3 Ways to Generate Revenue

Buy Low & Sell High

Many investment trading strategies will use the amount of money you plan to invest, the currency pairs you choose to trade, and the level of volatility that you are comfortable with to give you a preset price point to enter into a free brokerage account of your choice.

Once your account is set up, it will buy or sell a certain number of lots of each currency pair, even while you’re at work or asleep. Since no one knows which way the market will go, the price points are preset to either buy low or sell high. Some programs actually give you the option to receive a cell phone text message or email letting you know that one of the price points had been reached. What you need to do next is tell the program what happened so that it will give you new buy and sell points to set up again.

Collect Daily Interest

By using an investment trading strategy, you can earn passive income on the difference in interest rates. After your portfolio is set up, you will be paid daily interest on the money you control in the market. When you buy a currency pair, you receive interest from the first currency listed in each pair, and pay out interest on the second currency in the pair.

For example, interest on the dollar swiss would be:
USD 5.00% minus CHF 1.36%. The net difference of 3.64% is what you would earn annually. These calculations are done automatically by your broker without any intervention from you. This interest is paid on the money you invested and also on the number of lots you own.

The Power of Leveraging

Leveraging means that for every $1 you use to buy currencies in your investment trading account, the broker you are trading through will make available to you as much as $400 to control in the open foreign exchange market.

Without question, the potential returns from investment trading in the Forex market are great. The decision you need to make now is how you would like to participate.

Forex Day Trading For A Living

There are many folks out there today that would love to become full time traders and day trade for a living if possible. After all anyone with a brokerage account and a connection to the Internet can day trade stocks, options, futures, commodities or forex currencies online from the comfort of their home. For what it is worth, it is way easier said than done.

In order to become a successful day trader and make a living from day trading, a person must be prepared to put in the hard work, time and effort required to succeed as a day trader. A trader has to master all the skills required to be successful. The biggest skill to be mastered is in the form of emotions and it is probably the hardest of all to come and master. That is why it is always better to learn day trading from a mentor who has been trading for a while. A mentor is always the preferred route compared to just reading some books on trading or buying a black box system. The training received from a mentor can be expensive but invaluable at the same time. One must always look at the background of the trading mentor before choosing one.

It is always a smart idea to start trading with money a trader can afford to lose. Paper trading works well too, but lacks in the strong emotion building process required to be successful as a trader. A trader must always use risk capital to succeed at day trading for a living. Using money kept aside for immediate day to day expenses or money borrowed from a credit card is a recipe for disaster. Scared money never wins the trading game. Forex Day Trading For A Living

A day trader must keep a track of all the trades placed in a journal. This journal must be updated on a daily basis. This will help the day trader immensely as he will learn from his mistakes and always keep working on getting better. A day trader has to keep his expenses low to make money in the long run. To do so, he must wisely choose his trading software, broker and his Internet Service Provider. A day trader must also learn to read the market well and know when to take trades and when to stay out. Following other traders or gut instinct can have negative consequences on the day trader as well as his account. It is always better to trade well as per the rules set out and come back to fight another day than to lose it all in one day.

It is possible to make a living at day trading if all the rules are laid out in a trading plan by the trader and followed religiously by the trader. Forex Day Trading For A Living

“How Does A 19-Year-Old College Student Humiliate The So Called ‘Forex Pros’ By Winning Every Single Trade? If They Didn’t Stop Him In Time He Would Have Had A 100% Success Rate!”

The winning systems from the new & improved Surefire Trading Challenge have just been released! If you’ve been waiting as eagerly for these systems as I have then don’t bother reading any further.

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This is not another marketing ploy. When the doors close on this offer there is no telling IF or WHEN the doors will open again – IF at all. The

fact of the matter is that in order for this group of elite traders to make money in the markets, somebody out there has to lose.

It’s your move!

If you are not part of the inner circle you might as well just send them your dough right now. Winners hang out with winners and when it comes to trading Forex all the winners hang out here:

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Just take a look at some of the stuff the folks on the inside have access to:

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Just look through that list one more time and if you are not gobsmacked you better check your pulse. You’d be crazy to miss out on this. Time waits for no man and he who hesitates is lost. There’s no time to think about this anymore, just go get it before it’s gone.

Look, you’ve seen more proof over the last few days that this stuff works. These guys have been turning out more successful traders than any one else out there for a reason. If anyone can turn your trading around it’s these guys.

You will never know if this works for you unless you try it for yourself. If you’ve managed to read this far then ask yourself this?

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If you want to learn Forex trading, and join the elite 5% of traders who make money, then you need to consider the following 4 key points. If you ignore these 4 key points, then you’ll lose money – and never achieve currency trading success.
Anyone can learn Forex trading – but most traders simply get the wrong Forex education and then lose their money.

Here are the 4 key points:

1. You’re On Your Own

There are many e-books and currency trading systems sold online, each of which promise you success – in return for spending a few hundred dollars. However, these books and systems wont help you win in Forex trading.
If you think about it, if these vendors were so good at currency trading, they wouldn’t need your money – they’d be too busy making money trading. They wouldn’t have the time, or inclination to sell you their winning strategies!
If you want to learn Forex trading, you’re on your own – and you need to devise your own Forex trading strategy, in order to achieve success. This is a lot easier than many traders think and is covered in part 2 of this article series.

There’s another advantage to building your own Forex trading strategy – which is:
You’ll understand the strategy, and it will suit your trading personality. This will lead to confidence in your method – which is essential, if you are to follow it through the inevitable losing periods.
It’s a fact that if you don’t understand and have confidence in your system, then you won’t have the discipline to follow it. Without the discipline to follow a trading system, then you don’t have a system in the first place.

2. Use Technical Analysis

When you start to learn Forex trading you need a methodology – and the best place to start is with Forex charts – and a system based on technical analysis.
Technical analysis works because human nature is constant – and chart patterns repeat themselves. This means we can trade the patterns for profit.
Many traders like to trade using news – but this is a critical error! Why? Quite simply, news is stories – and you can’t trade news for profit. The stories are interesting and convincing – and in most cases dead wrong.

The main thing to remember is that the Forex markets are a discounting mechanism – and news is instantly discounted in the price. This means that you are trading “old information”. The market moves on future perception – not what has just happened!
By simply looking at your Forex charts, and following price, you see the reality of prices now, and act on them – that’s what makes technical analysis so powerful.

3. Keep it Simple

Any currency trading system based on technical analysis should be kept simple. Simple systems work much better than complicated methods. Why? Because they’re more robust – they have fewer elements to break, in the brutal world of trading.
You should use trend lines, and just a few confirming indicators, to give you an indication of price momentum – and that’s it.
In currency trading, you get your reward for being right, and the success of your trading signals – not the effort you put in.

4. Patience and Discipline

You’ve probably heard that discipline is a key factor in successful currency trading – and it is, but don’t forget that you also need patience. You need patience to wait for the right opportunities to present themselves. You also need patience to trade through the losing periods. Finally, you need patience to make the huge gains.
Many Forex traders lack patience and discipline, and trade too often. They can’t follow a big trend – they get excited when they make a decent profit. In their excitement, they can’t resist taking their profit too soon – or move their stop to quickly. This leads to marginal profits – when they could have made a much bigger profit.

If you want to make money in Forex trading, then you need patience and discipline. Without patience and discipline, you’re certain to lose your money.

Finally

The 4 points above are critical to your currency trading success – especially when you’re starting to learn Forex trading.