Forex Income Profits, Forex Picks, Swing Trading, Options, Stock Trade Software Reviews.

Forex Nitty Gritty Trading Video From Bill Poulos

Are you a “newbie” when it comes to Forex?

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, sit back, relax, & see if you relate to this “Forex tale”.

Watchit here…

(Make sure you
watch the whole thing, because I think you’ll be “floored” by what’s revealed at the end.)

Good Trading,

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Ultimate Swing Trade System from Netpicks. 10 Minute Forex Trade Strategy

Did you see those results?! Now what do you think of the 10 minute trade strategy?

I was in the Ultimate Swing Trader Official Release Webinar yesterday.

Mark actually shared the foundation of the strategy and I saw the Forex charts with my own eyes. It blew me away (I’m sure it did the same for you).

So now the question is, did you order in time to receive all the bonuses?

If you attended the webinar, you know they announced the release of the Ultimate Swing Trader plus the add-on of the FX Live training classes.

They’ve never offered a training course like this before. It will be four

(4) intensive weeks of nothing but pure UST training by the experts themselves - rules, setting up your workspace, walkthroughs, and more.

You’ll learn it all live and right from the horse’s mouth.

In the webinar they also decided to give away some extremely valuable bonuses to the first people who signed-up!

The good news is, I’ve worked out a deal with the guys over at the UST camp and you’re still eligible for some bonuses…

* You have a chance to get a $100 instant rebate on the Ultimate Swing Trader course or the course PLUS the FX Live 4-week training.

*They’ll pay for shipping to your doorstep. (A $50 value)

*And the biggest bonus of all - the Ultimate Day Trade System for no cost - zip, zero, zilch! (I don’t know many companies willing to just give away a product worth $500!)

If you’re ready to start trading in as little as 10 minutes a day, you better get over to the huge forex netpicks discount price order page NOW to secure this price. There is no telling how long the instant rebates will last: Forex Ultimate Swing Trader Can be Seen and ordered by clicking here.

From the buying frenzy brought on by yesterday’s webinar I’m certain many of those copies are gone. Last I heard they were at about 400 copies.

There should be no more hesitation. If you’re looking for an innovative swing trade strategy that drastically up’s your trade ROI with very little time investment - grabbing this course and the 4-week training is a no brainer.

If you still have questions and didn’t make it to the webinar, or need to see it again. You can watch the forex netpick webinar replay by clicking here

Don’t wait too long though to make your decision. Order early to take advantage of all the bonuses before they’re gone! Forex Ultimate Swing Trader Can be Seen and ordered by clicking here.

Again: If you still have questions and didn’t make it to the webinar, or need to see it again. You can watch the forex netpick webinar replay by clicking here

Good Trading

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Forex Genius Quiz. Are You A Forex Genius

I just took this Forex quiz and scored a 98% - not bad, not bad, but can you beat me?

I know you’ve never been one to back down from a challenge, so if you think you are a Forex genius it’s time to prove it. Click here to see how you do on this 9 question Forex genius quiz

You’ll be asked nine (9) *simple* questions.  Find out what you know about things like:
*the ideal leverage to use when trading
*the best times to trade certain currency pairs *the ideal way to handle trading with major news/economic reports

(and after you take the quiz, check out the FREE gift you get for being a part of my list!) Click here to see how you do on this 9 question Forex genius quiz

This should take you less than 10 minutes and you may be surprised to find out what you know and what you don’t. Click here to see how you do on this 9 question Forex genius quiz

Make me proud.
Click here to see how you do on this 9 question Forex genius quiz

Good Trading

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Weird Forex Investment Story: It’s a forex nitty gritty video that reveals a story about the #1 reason why most people lose money trading Forex.

I have to admit, this is a little weird.

It’s a video that reveals a story about the #1 reason why most people lose money trading Forex.…..and how the “story-teller” himself was ultimately able to help those people make a life-altering “shift” in their trading.

WARNING: It may require you to leave your “comfort zone”, kind of like the fish in the pic below:

Why do I say it’s “weird”? Maybe because it’s about stuff most people are afraid to admit about themselves & their trading.

Checkout this “weird” Forex story here…

As you immerse yourself in the forex story, see how close it is to YOUR Forex story…(pay close attention)

Good Forex Trading,

p.s. Do you think it’s “weird”? Look here…

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Free Options Trading Reports. Forex Trading Training Videos

Ever wanted to get the inside scoop on what it really takes to succeed as an Forex, option trader?
Then you’re in the right place.

Right now, we’re giving away free forex, options,reports, free training videos, and more.

* Free PDF Report: “7 Financially Devastating Mistakes Most Option Traders Make”
* Free Training Videos: Get Access to Videos that Reveal Real-Life Option Trades & What Made Them Work!
* Free MP3 Interview:
An Insider Interview with an Option Trader Who Quit His Job and Now Makes More from Option Trading than He Did Working 40 Hours a Week!

Of course, I’ll be sending a few other gifts along the way, some worth up to $2,000. But I’m keeping those gifts a secret for now

With that in mind, please click here  right now so you don’t miss anything, All you need is an email address. This is going to be exciting!

About A.J. Brown

President & Founder of Trading Trainer, Inc.

A.J. Brown is an options trading expert with 10 years experience. He is the creator of the Trading Trainer system, which he personally used to grow $5,000 into $984,000 in just 30 months. A.J. has been interviewed by a number of notable folks, including Dr. Letitia Wright, an award-winning entrepreneur whose television program reaches 3.8 million viewers. A.J. currently resides in Fort Collins, Colorado.

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Canadian Dollar Drops on Oil, Stocks Performance

Canadian DollarThe Canadian dollar dropped from the highest level in 2009 versus the euro as stocks did not manage to extend the advance reached in the beginning of the week, forcing the currency down also versus its U.S. counterpart.

After touching the highest level versus its U.S. counterpart in two months, the loonie started to decline yesterday and extended its losses today as the crude oil’s volatility affected the Canadian currency performance in a day of weak performance in equities markets. The loonie has a strong relation with stocks, and today’s decline as well as a less strong demand for commodities played a major role in Canada’s dollar downtrend today, specially versus its U.S. counterpart as an economic activity report came beyond expectations and increased even further confidence towards the U.S. economic recovery in 2010.

The oil volatility is providing traders with high swings on the loonie’s charts, opening good day-trade possibilities, according to analysts. Despite today’s decline, the Canadian dollar outlook for 2010 remains above average as demand for commodities shall increase as the global economy recovers, consequently making the loonie to benefit from such scenario.

USD/CAD declined to 1.0525 as of 17:02 GMT from a previous rate of 1.0398 in the intraday. AUD/CAD touched 0.9416 from 0.9325.

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Dollar Climbs Before Year End on Business Activity

US DollarThe U.S. dollar had a bullish performance today and gained considerably versus the euro and the yen as speculations rose that the Fed will start a process of lifting economic stimulus introduced during the worst moments of the global slump to revive the U.S. economy.

The dollar benefited today from a business activity report that came much above forecasts, interpreted as another solid evidence that an economic recovery is on the way in 2010 for the U.S., which could prompt the Federal Reserve to lift stimulus and raise its benchmark interest rates, currently maintained at an all time record low. The dollar has gained almost 5 percent this month versus the euro, as the European common currency is being hurt by some of its member countries’ financial struggles, specially Greece during the past two weeks, after it had its credit rating downgraded by an important financial institution.

Market sentiment shifted towards the dollar, and it’s likely to remain bullish in 2010, according to analysts. Consecutive positive reports in the U.S. will likely to change Fed’s monetary policy sooner or later, and the next move is likely to be hawkish, which would set the dollar to further gains next year.

EUR/USD traded at 1.4341 as of 17:33 GMT from 1.4398 in the intraday. USD/CHF traded at 1.0360 from 1.0324.

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Forex Market News Dec 15 2009

WORLD FOREX: Euro Gains As Dubai Gets $10-Billion Financing
MarketWatch
By Takashi Nakamichi TOKYO (marketwatch) — The euro rose against the dollar in late Asian trading Monday as worries about Dubai’s debt crisis waned on news …

WORLD FOREX: Dollar Down Slightly Vs Euro After Dubai Bailout
Wall Street Journal
By Don Curren Of DOW JONES NEWSWIRES TORONTO (Dow Jones)–The US dollar is modestly lower against the euro and yen Monday morning as the resolution of …

FOREX-Dollar soft as Fed meets, data in focus
Reuters
By Anirban Nag SYDNEY, Dec 15 (Reuters) - The dollar was subdued on Tuesday, pulling away from recent two-month highs against the euro, with markets wary …

Forex: BoJ Tankan: Business Sentiment Improves In Dec. Quarter
ForexTV.com
(RTTNews) - Sentiment among large manufacturers in Japan improved in the December quarter of 2009, the Bank of Japan said in its quarterly Tankan Survey on …

Forex: Representative Bart Gordon Will Not Seek Re-Election In 2010
ForexTV.com
(rttnews) - Representative Bart Gordon, D-Tenn., announced Monday that he will not seek re-election in 2010. “Turning 60 has led me to re-evaluate what’s …

Forex: Lieberman Indicates Opposition To Health Care Reform Including Medicare …
ForexTV.com
(rttnews) - Senator Joseph Lieberman, I-Conn, indicated Sunday that he would oppose a health care reform bill that included a proposal to expand Medicare …

Forex: Obama Meeting With Banking Leaders, Some Unable To Attend Due To Weather
ForexTV.com
(rttnews) - While President Barack Obama is meeting with leaders of the financial services industry at the White House on Monday, the heads of some of the …

Forex: Recount Increases Incumbent President’s Lead In Romania
ForexTV.com
(rttnews) - A recount of invalid votes from Romania’s presidential run-off only helped increase the lead of incumbent President Traian Basescu, …

Forex: US Not To Sign Peace Deal Unless North Korea Abandons Nuclear Program
ForexTV.com
(rttnews) - Stephen Bosworth, US President Barrack Obama’s special envoy dealing with North Korea’s nuclear issue, asserted Washington’s stand that it will …

Developing a Successful Forex Mindset
Benzinga
As a priority, aspiring traders need to develop a mind-set that will allow them to trade the Forex Market successfully. They must realise that emphasis …

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Bill Poulos Forex Profits Software Program Success Stories.

Bill Poulos has been trading the markets since 1974. He’s a retired automotive executive who holds a bachelor’s degree in Industrial Engineering, and a Master’s degree in Business Administration, with a major in Finance.

In his over 35 years of trading experience, Bill has developed dozens of Forex trading systems and methods. In 2001, he formed Profits Run, Inc. to impart his trading experience and wisdom to others so they could shortcut their learning curve and ultimately potentially skyrocket their earnings in the markets.

Bill now has thousands of students all around the world, from all walks of life, and at all experience levels. He prides himself on providing honest and realistic trading education, and is known for the continuous and ongoing support and follow-up he offers his students.

His partner in Profits Run is his son, Greg, who is responsible for marketing and all technical support. In addition, Bill also has a full-time operations staff to ensure his trading education is delivered and supported in a high-quality and timely manner.

Forex profits run is not a scam! Proof is from those who have experienced great success.

“I obtained your Instant Profits Course before it had a track record. It is excellent, is mathematically based, and it works from a practical standpoint. I’m an old trader and have learned over the years to be one of the 10% who makes money, and I can unequically state that Bill Poulos knows how to teach the hardest thing in all of of trading … Making Money!”

–Dr. John Shepard, Ft. Collins, CO

“Over two years of rollercoaster options trading and many, many systems and newsletters, I have evolved a swing trading style, but I still tend to get back into the market too early, or get out too late. I am finding that the Instant Profits system is helping my discipline with the specific rules it lays down, and I also find it very re-assuring that Bill is following through with his students.”

–John Kelly, New Zealand

“Your printed and recorded instruction material is easy to understand and gives clear examples. I have had more success understanding and applying your principles than any other course or book I’ve ever purchased.”

–Jean Anderson

“Bill This is just a small note to let you know how your Super Divergence Blueprint has transformed my Forex trading. I now trade Forex successfully and my trading plans revolve around DIVERGENCE. If there is no tradable positive /negative divergence, I simply do not take a trade – it’s as simple as that .You definitely showed me how to trade successfully.”

–Norman Chitiyo

“Thank you for your Super Divergence Blueprint course. I can easily spot divergences on charts now, and it has helped improve my trading.”

–Evelyn Broom, Arvada, Colorado

“Thanks for everything, I loved all your courses!”

–Sonja, Fanny Bay, Canada

“After going through your training facilities, I am moving from being a blind trader to intelligent one. Thanks.”

–Dele Awosusi, Abuja, Nigeria

“I thoroughly enjoyed your Super Divergence course and would recommend it highly to anyone wanting to learn better trading techniques. Also, when I reported a cracked CD in my delivery, your quick remedy of this situation was very professional and courteous. A personalized e-mail response certainly exceeded my customer support expectations, and with such a great product to boot, I can’t help but be absolutely delighted. Thank you!”

–Anna Penney, Snohomish, WA

“‘Instant Profits’ was a very good course. Practical and fairly straightforward. I liked its flexibility : applicable to all markets and timeframes. I particularly liked the ‘after sales’ follow up, giving addition video examples of the method. Well done.”

–Steve Hunt, London, U.K.

“I don’t think you will find a course that teaches a method of trading so clearly. Between the organized trade sheets, the predifined scans and the follow up videos that he sends every couple of months I don’t see how you can fail unless you’re lazy! Not to mention the next day response from you when I have a question. Keep up the good work.”

–Greg Surowiec, Warren, NJ

“Money management and trading discipline were my biggest failures until I came across your easy to digest information. I sincerely appreciate your excellent teaching courses that have enabled me to begin profiting.”

–Dave Harding, Anchorage, Alaska

“Bill, I look forward to receieving your persistent emails. They provide many useful hints. Thanks!”

–Schalk de Klerk, Cape Town, South Africa

“Bill, Than you for providing a quick and efficient trading service!”

–Susan Hurowitz, New York, NY

“I have searching for years for a true full-bodied system that perfectly fits my temperment. This is the bomb.”

–David Lambson, Cherry Hill, NJ

“Good day! I cant tell you how much I have been enjoying Instant Profits, these past few days. Thank you once again.”

–Raed

“I like your approach (and your teaching presentations) to the trading strategy. Thanks for the opportunity to review your strategy. I would certainly recommend it to others.”

–Jeff Smick

“Thank you for sharing your system. I have done incredibly well trading the emini s&p 5 min. I thank my God for your course.”

–Ralph Broussard

“I would like to thank you for the outstanding help and additional materials you have provided. The extra charts really help.”

–Michael Needham

“Hope you are doing great! I am really beginning to understand your instant profits course. I am so glad that I have made the best investment and enjoying all the free bonuses you are offering. You really go the extra step and care for your clients.”

–Sam Singh

“I can now confidently trade options thanks to Instant Profits… Whereas before I barely had a clue when looking at charts as to what to do. I now use Instant Profits and Super Divergence together as a team. It sounds somewhat funny, but the insight the team gives is invaluable. I have only been in the stock market since July. So I don’t have great knowledge and it would appear that as long as one is sensible and follows the method and is in control of emotions, they will do good if not better than they did without Instant Profits and the Super Divergence Blueprint together as a team to take profits out the market. Bill I don’t know how to thank you for giving your time to creating such a system as Instant Profits and the Super Divergence Blueprint. Thank you Bill and thank your family for letting you take time from them to create this awesome method. I hope you and your family are having a great holiday (Christmas) season and have a great New Year.”

–Rick Coady

“Your program is just amazing. I’ve been paper trading it now for months and even I can do it well. All I have to do is follow your directions! Your online videos are really helpful.”

–Corky Sinclair

“Thanks, for making Instant Profits available to me. I have had your course for about three weeks now and I must say you have done an excellent job on your course.”

–Lonnie Bair

“Just wanted to take a few seconds here out of the rat race to let you know that I appreciate the way you follow-up with us, your students. Please keep the charts coming. They are a great help.”

–Michael A. Jones

“Thank you for rushing me a copy of your trading course. It is clearly put together in a very professional manner, and more than that, is a labour of love. The presentation in particular is a showcase of sincerity and honesty. A nice straight-forward technique with a mass of backup material.”

–Mervyn Guest

“Thank you for the well-done sample charts. I am pleasantly overwhelmed by the supplementary goodies you keep providing. I have never before experienced such constant follow-up in a training course. Usually after the purchase has been made, it is ‘Thank you, good luck, goodbye.’ You really meant it when you said that you were truly interested in the success of your students. In this business, how unusual and how refreshing.”

–Robert Hill

“This material is so powerfully informative in just the first CD. I am grateful that you and your son have taken the time to share your trading wisdom and, more importantly, in a format that is easy to grasp.”

–Don Diamond

“Thank you Bill, and thanks for an excellent presentation! I never understood the bearish divergence so well!”

–David Alsobrook

“I want to express a warm heart felt thank you, for all the information you sent me about trading. About two months ago I became interested in currency trading, and was quite mystified by all that it involves. But many sites on the net are gradually putting all the pieces of this puzzle of the Forex together. Mental Fitness for Traders and The Truth About Fibonacci Trading have been of considerable value to me. And I feel I owe traders like you and Norman Hallett a debt for explaining so much to me about being a successful trader.”

–Joseph Wood

“I have reviewed your course and I would like to tell you that it is very well structured and easy to understand. It is one of the best learning tools that I have invested in. I love divergences and am convinced that they are the only way to go.”

–Trevor Bishop

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Questions and AnswersForex Income Engine 2.0|
See more information and video about Forex Income Engine 2.0 in action by clicking here now!

Q: What is Forex?
A: The Forex (foreign exchange, FX, or 4X) market is a market where one currency is traded for another. It is the largest financial market in the world, with daily turnover in the trillions of dollars. Forex trading involves trading currency pairs such as the EUR/USD pair (Eurodollar/US dollar pair) where a buyer of this pair would actually be buying the Eurodollar and simultaneously selling short the US dollar.

Q: What is a Forex pip?
A: A pip is the minimum increment that a currency pair price can change. For example, if the EUR/USD price changes from 1.3790 to 1.3791, the price is said to have gone up by 1 pip. Most major pairs are priced to 4 decimals which is the equivalent of 1/100th of one percent. The exception would be the Japanese Yen pair that only trades to 2 decimals. This is because there are usually over 100 yen to the dollar.

Q: Is the Forex Income Engine 2.0 a system or a method?
A: The Forex Income Engine 2.0 is a set of 3 methods. As mentioned in this letter, my goal is to teach you complete, step-by-step trading methods that you will own for life. This will empower you to make your own decisions in the markets so that you never have to rely on another “guru” again. Further, you will be able to hand down your knowledge as a trader to your children or other family members.

An important word about systems and back testing. “Black box” mechanical trading systems can be computer back tested - the real world of trading with good trading methods cannot. The Forex Income Engine is a step-by-step, comprehensive trading method that teaches you how to trade. And when you master this method and develop a feel for the markets, you will own it for life. As such, it is not possible to back test the Forex Income Engine 2.0, since everyone’s results will differ based on their own ability to apply the trading rules, choice of timeframe, market conditions, slippage, the size of their account, and the number of trades they are able to place at any given time. Caution: be very wary of promises of unheard-of returns generated by curve-fit mechanical black box systems.

Q: What kind of software do I need to trade the Forex Income Engine 2.0 methods?
A: At a minimum, you need trading and charting software that has the ability to plot price data for currency pairs, and plot the basic indicators used by the Forex Income Engine 2.0 methods. Thankfully, most good Forex brokers give you free software which can adequately achieve this. You can optionally use higher-end software which costs additional money, but this is not a requirement. The bottom line is that because the Forex Income Engine 2.0 is a series of 3 trading methods, you are not tied down to just using one particular piece of software; instead, you have the flexibility to use a variety of solutions.

Q: What kind of trading experience do I need in order to be able to understand and trade with the Forex Income Engine 2.0?
A: You can be a complete beginner or a seasoned veteran of trading and be able to understand and trade quickly and easily with the Forex Income Engine 2.0 methods. I include extra instruction especially for you if you’re a beginner, including a bonus “Forex & Trading Basics” module. Experienced traders can safely skip over this introductory material.

Q: Can anyone do this?
A: As long as you are a serious and dedicated individual, yes. Remember, there is no “holy grail” of trading, and this is no exception. So if you’re expecting a magical formula that will make you piles of money on demand… well, let’s just say, “good luck”. But seriously, if you’re prepared to take immediate and massive action and apply what you have learned, you’ll already be better prepared than 90% of the so-called traders out there.

Q: How is the Forex Income Engine 2.0 different from your Forex Profit Accelerator course?
A: It should not be a surprise to anyone who has studied or traded the Forex markets that there is more than one way to trade these wonderful markets. Among traders, you have those who prefer to day trade only (5 – 60 minute bars), who may not be aware of the benefits of end of day trading (daily bars). And you have those who prefer to trade on an end of day trading basis only, who may not be aware of the benefits of day trading. And of course, there are many traders that day trade the Forex markets as well as trade on an end of day basis. See more information and video about Forex Income Engine 2.0 in action by clicking here now!

There is no one right way to do this. Both offer terrific profit potential. The key is to determine which of these approaches to the markets is right for you and in so doing you may find as many have that trading both end of day and day trading is the best way to maximize your profit potential.

It really comes down to how many tools you want in your traders’ toolbox. The more you have the more flexible and proficient you can be in your trading operations.

As many of you know, our Forex Profit Accelerator (FPA) course is designed for end of day trading that aims to capture the mega moves that occur over several days offering great profit potential. For the six major Forex pairs, applying FPA will usually give you several trade setups a week depending on market conditions. These setups are then evaluated for order entry and open position order management between 5PM and Midnight EST (New York).

Since launching FPA last year, we have had many of our students worldwide asking for us to also develop a Forex day trading course of the same scope and quality of FPA.

That led to the development of my new Forex Income Engine 2.0 (FIE) course. We developed FIE by popular demand for those who have never traded the Forex markets and for those who are seasoned veterans as well and everybody in between who sense that these are great markets to trade with the guidance that a great trading method can provide. See more information and video about Forex Income Engine 2.0 in action by clicking here now!

FIE is designed specifically for day trading, aimed at capturing quick hit moves of 20 pips ($200 per standard lot) or more in a matter of minutes. FIE will usually give you several trade setups a day depending on market conditions in any time frame you desire to trade, 5 minute to 60 minute bars. This means wherever you may be around the world, you can turn on your trading platform at any time of the day or night and expect to find a good FIE setup within a few minutes for one or more of the six major pairs. It is not uncommon to be in and out of a trade that hits the primary profit target within 20 minutes.

If you are a current FPA student, I would encourage you to add FIE to your trading arsenal. If you are not yet an FPA student, I would encourage you to master FIE now and consider FPA when you’re ready to expand your toolbox. See more information and video about Forex Income Engine 2.0 in action by clicking here now!

I believe along with many of our students that if you are a trader or would like to become a trader that is really serious about taking advantage of these Forex markets then you want to have the best tools and trading methods in your trading arsenal. And once you master these methods, you will own them for life.

Q: How is the Forex Income Engine 2.0 different from the original Forex Income Engine (1.0)?
A: The idea behind the original Forex Income Engine (FIE) and FIE 2.0 is the same - to enable you to become an independent trader day trading the Forex markets by learning to spot only the higher-probability, lower-risk trades.

The original FIE is based around one single method that has multiple approaches to spotting trade setups using two major indicators. FIE 2.0 splits those multiple approaches into three brand new trading methods based on the original FIE method, while also adding more indicators for a total of four.

FIE 2.0 was designed to allow you to spot trade setups even more quickly and also reduce risk faster with the “Free Trade Strategy”. Further, some traders may even find it easier to trade because its three separate trading methods allow you to focus on one concept at a time. See more information and video about Forex Income Engine 2.0 in action by clicking here now!

FIE 2.0 also places special attention on markets that are in what I call, “overdrive” mode - these are the markets that are on fire. It also splits out “counter trend” setups into their own method - the Spring Method - which makes it much easier to identify those kinds of trades.

The original FIE is still valid and over a thousand of my students from all around the world are studying it and using it with great feedback to this day. FIE 2.0 doesn’t replace the original FIE, per se, but it does expand on and complement the original method, adding three more exciting methods to your trading toolkit. See more information and video about Forex Income Engine 2.0 in action by clicking here now!

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4 Rules That Most Forex Traders Will NEVER Learn

I am going to be very candid with you right now, and I risk alienating myself from most of the other Forex educators out there. However, I had to make a decision: tell you the truth, or keep my mouth shut to make good with the “old boys” network of Forex “gurus“. Get more techniques and advice about Forex Income Engine 2.0 from Bill Poulos

Deep breath… here it goes…

I’ve had my eyes on the Forex markets for years, but specifically, I spent the last few years carefully researching, testing, and tweaking every course, system, and method I could get my hands on to see what was going on. So, I think I’ve seen it all, and for the most part - it’s ugly.

I have 4 Forex golden rules that I use to determine if a trading method is good for me:

It must be a complete forex method, with setup conditions, entry rules, initial stop rules, and exit strategy rules, leaving no decision to chance.

It must include specific Forex risk management, Forex money management, and Forex portfolio management guidelines.

It must be based on Forex technical analysis, but it must not be a 100% mechanical system.

It must provide a way to trade forex in as little as 20 minutes a day and not force you to stare at your computer for hours.

Let me talk about item #3 above for a moment, because this is where a lot of forex traders can potentially lose a lot of money.

When you rely on a computer to make 100% of your forex trading decisions, you do not learn how to become a trader, and you never will. Instead, you essentially give up control of your trading account. This can be extremely dangerous to your portfolio, because almost every system I’ve seen since 1974 has been back-tested and curve-fit, which means it will ultimately fail, or at least not live up to its past hypothetical results.

Now, that statement might get me into trouble, especially with younger traders, who tend to believe that you can create a 100% mechanical system that never (or rarely) loses. Folks, that’s called the Holy Grail, and a week doesn’t go by that I don’t get an email from someone who thinks they have found it. Get more techniques and advice about Forex Income Engine 2.0 from Bill Poulos

By the way, this becomes even more dangerous when you base your livelihood on a third party service that feeds you signals every day without telling you their “secret formula”. What would happen to you if they went out of business?

(Just for the record, I believe some mechanical systems ARE good, at least for awhile, but I also believe the only way to maximize their use is if you truly understand how to trade in the first place.) Get more techniques and advice about Forex Income Engine 2.0 from Bill Poulos

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How To Become An Independent Master Forex Trader.The Forex Trader’s MIND Map.

After over 35 years in the forex markets, I’ve watched traders follow a very predictable path of trying to achieve consistent success. And that’s why I developed what I call the Trader’s MIND Map. It’s a quick & simple way to find out where you’re at right now in your path toward Forex Mastery & how to get there faster than ever before. Click here to see Forex Income Trader 2.0 in full detail

Let’s quickly walk through the map, seen to the right. As I describe each quadrant to you, ask yourself where you’re currently at; & by the time I finish, you should see which quadrant holds the most potential for you.

The “D” Quadrant: This is the Dependent Trader, & it’s easy to get sucked into this quadrant, especially if you’re a beginner, and that’s because probably 80% of the “how to trade Forex” market comes from this quadrant. Dependent traders have the mistaken belief that somehow the can’t-lose “holy grail” system of Forex trading exists, and it can be had for only $97. Further, all you need to do is install some software, like a trading robot, push some buttons, go sleep and wake up rich. Of course, this is nonsense, and you know it. Of all the 4 quadrants in this map, this is the most dangerous to be in, & it’s the one that has the highest probability of completely wiping out your trading account, again & again. It’s nothing but a black hole, & should be avoided at all costs.

The “N” Quadrant: This is the Newbie, or newcomer, Forex Trader. The newbies are usually well-intentioned but have a desire to figure out everything for themselves. They get their hands on as much free or cheap stuff as possible – whether it’s from websites, books, or magazines - & think they can glue it all together and turn it into a profitable trading method. Now, this is the quadrant I was in for many years, and that’s the fundamental problem with it. It takes too much time. There’s just too much junk out there, & while I believe you CAN become a successful trader in the N quadrant, the cost is too prohibitive, both in your time plus the actual cost of money lost to the markets as you try out your ideas. Not to mention the toll this can take on your personal & family life.

The “I” Quadrant: This is the Independent Forex Trader. Once you begin to operate from here, you’ve made a huge breakthrough. Independent traders seek out complete trading methods, usually in the form of home study courses, where all the rules are exposed, so that they know what decisions to make, no matter what happens in the markets. These traders have the potential to taste success in days & weeks, versus the months & years that Newbies suffer through. Further, Independent traders take advantage of any customer support offered with the home study courses they invest in to dramatically shorten their learning curve.

The “M” Quadrant: This is the Master Forex Trader. This should be the ultimate goal of every trader, & by definition, a Master Trader is also an Independent Trader. Traders get to be Masters by working closely with someone who’s already there. They seek out coaching & reinforcement to make sure they’re pulling the trigger properly on every trade they place. They have a deeper understanding of the markets than traders from the other 3 quadrants can only dream about. And the best part is, becoming a Master Trader doesn’t have to take a long time, if you have the right coach & mentor.

So there you have it - the Forex Trader’s MIND Map. The good news is, it doesn’t matter where you’re at right now, because my ultimate goal for you is that you become an Independent Master Forex Trader with the help of my Forex Income Engine 2.0 training program. Click here to see Forex Income Trader 2.0 in full detail

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