Monday, January 25, 2010

"Dirt Cheap" Forex Training for "Newbies"?

Are you a little overwhelmed by all the information out there
that promises to put piles of cash in your wallet overnight?

Do you have a sneaking suspicion that some Forex brokers are
lying through their teeth & simply out to "screw" you so they
can add another Mercedes or BMW to their fancy car collection?

Do you feel unable to make any progress toward your dream of
quitting your job because no matter how bad you want it, you
just can't afford to pay for $2,000 or more Forex training?

STOP!

I know exactly how you feel, and that's why I'm glad I found
this frank, straightforward, and "no B.S." video presentation --

--> It leads you to a TON of "dirt cheap" Forex training that
will give you the upper hand when dealing with brokers... & a
big edge over all the other frustrated & clueless "newbies" out
there.

So just Click Here and sit back, relax, & see if you relate to this "Forex tale".

Make sure you watch the whole thing, because I think you'll be
"floored" by what's revealed at the end.

Good Trading,
Ray Parrish
President/CEO Forex Market Club

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Monday, January 18, 2010

Why Most Amateur Traders Fail at Forex Trading


One phenomenon that derails amateur Forex traders time and time again is method complexity syndrome. They research a trading method, buy it and the minute they receive it, they jump ahead to what they consider to be “the guts” of the method. In doing so, they completely ignore all of the other aspects of trading, including risk management, discipline, and psychology.

They get into the "guts" of the method only looking for that big, mysterious, slap-your-forehead, jaw-dropping "secret" which will suddenly unlock the mysteries of the Forex universe and make them Master and Commander of every Forex pair. All too often, they find themselves completely disappointed or the "guts" reveal something they'd already heard about (but had not practiced). Amateur traders will then dismiss the method as 'too simple'.

Or, the amateur trader will look for that complicated formula, cryptic combination of indicators and all too often what they actually discover is a set of simple indicators working together in an uncommon way, and they say, "Well I could have done that!" -- and they become disappointed or frustrated, because they wrongly assume that any method MUST BE complex, it can't possible be SIMPLE! So, they shelve the method or return it and complain that it's "not complicated" enough.

This is a serious mistake - because the amateur trader will then repeat this error method after method and they will never take the time to learn and understand the full process of trading.



Don't make this mistake. Understand that most trading methods out there are not complicated. They weave a smaller set of rules together in a simple manner (simple enough that anybody can apply them) but apply them in an uncommon way. Complex systems are for computer geeks and big banks -- if you can't understand something, you can't possibly apply it.

Never skip ahead when learning a powerful new method for trading Forex. Make certain you learn the setup, entry and exit rules (which should exist); that you learn how to protect your trade with stops; and that you learn how to apply your method on a timely basis (be it hourly, daily or weekly) to get the most out of the method and to learn how all facets of what you learn work cooperatively to make you a better trader.

Remember, Simple but Powerful -- using just a few indicators or rules applied in a non-textbook approach -- is the key to getting an edge in the markets.



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Thursday, January 14, 2010

Trend TV Video - Applications of Candlestick Charting


Many investors attempt to incorporate candlestick charting into their trading plans, however few know why this tool has become so popular.

In this complimentary video, “Advanced Applications of Candlestick Charting,” authors, software programmers, and co-founders of the International Pacific Trading Company, Gary Wagner & Brad Matheny will walk you through:

-History of candlestick charting
-How to interpret candlesticks
-How to merge techniques of Eastern & Western technical analysis together
-How to merge candlestick techniques with your current trading plan
-And more…

You’ll watch and listen as Wagner explains the importance of using this strategy. He says, in part, “Candlestick patterns are a mathematical formula which illustrate the psychological market sentiment. In other words, as a market reverses, or a market is moving in an up trend, there are certain traits that can be distilled in terms of mathematical formulas that will reveal some very important information.”

This 100 minute complimentary video can be found on Trend TV. You don’t have to worry about watching the whole video at once. After you have a password, you can revisit anytime to watch the rest of a video, review a video, or watch other videos on Trend TV.

Just click here to watch "Applications of Candlestick Charting".

Good Trading,
Ray C. Parrish
President/CEO Forex Market Club

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