Forex trading: Why most amateur traders fail

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.

Amateur Forex Traders as well as Expert Forex Traders know that before you trade, you need to understand how to trade forex as well as use the proper tools.  Forex Profit Accelerator has netted over 2,420 pips in the last 8 weeks (or over $24k in potential profit trading standard lots) Click here to watch this forex software do live trades

Forex Profit Accelerator Provides Leading Edge Methods For Traders

UPDATE!: Those of you who have been asking about recent trade activity, I put together a sort of Forex Profit Accelerator “report card” so you can see what’s been going on. Click here to see the Fore Profit Accelerator Action Report card

Why Trading Forex Now Beats The Stock Market

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The Forex Profit Accelerator, a leading Forex trading method, is being lauded as the leading industry trading method by many in the trading community. Longtime Forex trading guru Bill Poulos developed the method and course for new traders in the Forex market to be a proven method of reducing stress and identifying accurate indicators for increased profitability.

The Forex Profit Accelerator, recently updated by Bill Poulos of Profits Run, is considered by many to be the best Forex trading method for today’s market. The program which includes training on this method for new traders and experienced alike to help them gain more PIPs.

For those not familiar with Forex, it is where a currency of one country is traded for another. The Forex Profit Accelerator is a must have for any trader in the Forex market that doesn’t want to watch the market 24 hours a day, 7 days a week. Bill Poulos has designed the program so that any trader only needs to spend 20 minutes per day with their Forex trading. Poulos’ methods treats the market as an end of the day market, where in a trader on needs to concentrate on it for a short period of time.

“I believe in Bill Poulos and the Forex Profit Accelerator so much that I’m offering anyone who decides to invest in it a big bonus.”  Poulos has been trading the markets for over 33 years and has an impeccable record of wins. Not only that, but Poulos’ training is some of the best in the industry. Included in the program four different methods that can be used stand alone or used together to fuel each other.

To find out more information and to view the software trading  in action video , get a complete Forex Profit Accelerator review and see the bonuses being offered .

Predict The 5-Day Trend of the 6 Best Forex Markets.  Forex Profit Accelerator

(This is ALL NEW for 2011.)

One of the most respected Forex experts around spent most of last summer at work on a secret project that could spell DOOMSDAY for traditional Forex day traders…

It’s all based on a recent discovery he made around a major “flaw” in the Forex markets that ANYONE can exploit to become:

• 112.4 times more effective than other traders.

Bill Poulos recorded 3 brand new forex training videos that reveal the most important step-by-step tactics you can begin to implement RIGHT NOW to exploit this “flaw”.

This first one is ready watch. It’s called:

• “How to Predict the 5-Day Trend of The 6 Best Forex Markets” See it here…

After you watch it, please leave a comment below the video and let the community know what you think.

Good Trading,

p.s. Based on exhaustive testing, it looks like it literally takes 5 MINUTES OR LESS per DAY to trade using this “alternate” technique…

Forex Profit Accelerator Trading Software. Forex Trading Software Video

Market Volatility. Good or Bad? Forex Investment Strategy For Every Level Of Risk

If you’ve had any experience in investing you would know that there are levels of risk and reward. My second most favorite thing about finance, other than making money, is that there is an investment strategy available for every level of risk. Look at it this way, on one extreme; you have the stash under your mattress that has 0% volatility and zero risk apart from your house burning down, but no gain (and a loss if you count inflation). Then you have Treasury Bills and the common money markets for low-risk. Stocks are moderate, day-trading has more. However if you want the quickest, highest-risk “investment”, you can throw it all on the toss of a coin. 100% gain or 100% loss instantly.

It is up to each person to decide what his or her own comfort level is, and invest accordingly. I agree with the common perception that people who whinge about the daily grind and not having any money for a family getaway are generally those that whine about the system or investment strategy/portfolio that they are investing in. Perhaps it is time for a change when the markets change drastically like we are experiencing now.

The key is to find a strategy with a low risk and high reward for which the Forex Market is well known for. This current market volatility is generally great for low risk and high reward strategies.

source:globalmarkettrader

Evaluating Forex Trading Methods

One of the questions I’m often asked is what constitutes a good trading method (or how do I know if a trading method is really worth buying). In this article, I’ll show you what most methods look like (and why they are bad) and show you a simple way to evaluate a trading method.

If you take a close look at most of the so-called Forex trading methods and systems on the market, they consistently share the same shortcomings:

- They are incomplete. Too many courses teach hours of ‘in theory’ — but spend little to no time teaching a step-by-step plan to help you trade.

- They don’t include risk management. This is the number one mistake most traders make — not managing risk in their trades. If the system or method you’re considering doesn’t teach risk management consistent with their method, you would do well to walk away from it.

- They focus strictly on fundamental analysis. Methods that focus only on fundamental analysis are incredibly time consuming and subjective and require much deeper understanding of more complex economic and financial issues. If you don’t understand them, you won’t succeed with such methods.

- They require you to “day trade”. Many of the methods and systems I’ve seen require you to be in front of your computer nearly 24/7 to be able to ‘react’. Reality should tell you how impossible this is.

What constitutes a “good” Forex trade method?

Based on the methods and systems I’ve seen over the last several years, I’ve created a simple 4-part measurement that I use to determine if a trading method is good for me:

- The method must be complete and teach the setup conditions, entry rules, initial stop rules and exit strategy rules while leaving no decision to chance.

- The method must teach and include specific guidelines for risk management and money management in accordance with its method.

- The method must utilize technical analysis, but it cannot be a completely mechanical or automated system.

- The method must be practical in terms of time spent applying it: I favor methods that only require 20-40 minutes a day.

The steps above have helped immensely in weeding out the ‘pretenders’ among trading methods and focusing only on the ‘contenders’. Methods which provide thorough explanation of how to apply, protect and trade the methods are the only types you should use in your trading.