If you want to get the right forex education and trade like a pro in just 2 weeks, then this article is for you. I was inspired by the story enclosed and it will inspire you too…

Let’s look at the story first and it will make you think.

Novice to Pro Millionaire Traders in 2 Weeks!

Richard Dennis was a famous trader who set out to prove that anyone could learn to trade and he set about proving it in 2 weeks.

He got a group of people together, who had never traded before and they were a diverse group. They ranged from an actor, to a security guard SO, just ordinary Joe’s. he taught them to trade in 14 days, gave them money and trading accounts and they rewarded him - by making $100 million in just 4 years!

Now this might strike you as a bit of a paradox, as 95% of forex traders lose!

The reason is not because they can’t learn, it’s because they learn the wrong information, want to follow others, or have the wrong mindset.

Today how many traders start trading without really understanding how markets work? - The bulk of them.

You Need Confidence and Discipline to Win

Most traders want to follow forex robots that haven’t even been traded, or follow a guru or mentor. Their lazy and wont take responsibility for their actions and lose.

Taking Control of Your Destiny

Dennis knew that he could give them the system - but he knew they would get nowhere with it, unless they understood it and had confidence in it.

Only if they understood it and had confidence would they have the discipline to follow it, through losing periods until they hit a home run.

You Don’t Need to Work Hard You Need to Work Smart!

If you want to learn to trade forex and win you don’t need to work hard, you need to work smart.

That means a few weeks study - forget all the rubbish said about you have to keep learning - you don’t!

Once you have your system, your then down to 30 minutes a day work and that’s it.

You Don’t Need to be Clever to Win Either

In forex trading there is no correlation between how much effort you put in and how much money you make - you get rewarded for being right and that’s it.

The next point to keep in mind is you don’t need to be clever.

The simpler a system is, the more robust it will be and the more likely it is to be successful.

The group Dennis taught were given a simple, long term trend following system, based on breakouts and this is always a good place for any novice to start.

Base your forex trading system on breakout methodology and focus on the long term trends. We have written on how to put together a system based on this methodology in our other articles so look them up.

Forget complicated systems they break and you need to keep it simple just a few rules and parameters is all you need.

The Hard Part!

The hard part as we said earlier is being disciplined. It sounds easy - but it’s not, as you have to keep on track while the market hands you losses and makes you look a fool and it’s hard even for experienced traders sometimes.

If you have built your system, understand how and why it works, discipline will be easier for you to achieve.

Now I am not saying you will get as rich as the group Dennis taught - but the opportunity is there, for anyone to learn forex trading and become a winner.

Sure it a challenge and sure you have to accept success sits on your shoulders but if you want success, the door is open for you.

Remember the market doesn’t beat the trader, the trader beats himself. So have confidence and a burning desire to succeed and you can enjoy currency trading success.



By: Kelly Price

About the Author:

Knowing how to trade in Forex is simply just not enough to be successful. In this largest and the most liquid financial market in the world, you need to have more than the knowledge and skills to be successful. You need to know about the different things involved in Forex to earn huge amounts of money.

Simply knowing how to trade Forex and about the major currencies traded, like the US dollar, the Japanese Yen, and others are just the basics. Knowing when to trade and what to trade is equally essential to be successful in Forex.

Fore these you need to have a trading strategy. So, what exactly are the trading strategies involved in Forex? There are a number of money making strategies that you can use when trading in the Forex market.

If you use these strategies correctly, you will earn huge amounts of money in a very short time. Firstly, you have to realize that Forex trading is very different from stock trading. Therefore, strategies are also very different.

The first strategy that you can use to earn a lot of money in the Forex market is the leverage Forex trading strategy. In leverage Forex trading strategy, it allows you, as an investor in the Forex market, to borrow money to increase your earning potential.

With this strategy, you can easily turn your money to 1:100 ratio. However, the risk involved can be great. This is why there are stop loss orders you can use to minimize the risk and also to minimize the loss. The leverage Forex trading strategy is one of the most commonly used strategy by Forex traders to maximize profits.

In the stop loss order strategy, the Forex trader creates a predetermined point in the trade where the investor will not trade. As mentioned before, you can use this strategy to minimize risk and minimize loss. However, this strategy can also backfire to you, as the Forex trader. This is because you may run the risk of stopping your trades when the value of the currency goes higher than expected.

It is up to you to decide if you will be using this strategy or not.

These are some of the strategies you can use when trading in the Forex market.

Forex trading is a 24 hour market where you can trade anytime and anywhere you are. If you think that the Forex market conditions are good at a specific time, then you can trade at that specific time.

Also, the Forex market is the most liquid market in the world. This means that you can enter or exit the market anytime you wish to. This is to minimize the risk and there is also no daily trading limit.

Here are other tips that you should remember in order to earn money in the Forex market and be good in doing so:

? The first and the last ticks are usually the most expensive. So, for most traders, the rule of thumb is getting in late and get out early.

? When you are losing, you want to minimize the risk of losing more money. So, don’t add money when you are losing.

? Select trades that move along with the trend. This can minimize the risk of losing money and maximize your chances of profits.

There are quite a few tools you can use when trading in the Forex market. One is the Forex charts. For the speculator, the chart is the most important tool that you can use to determine market trends and accurately predict the future value of the currency. Although it isn’t actually 100% accurate, you can use the Forex charts as a guide to what’s happening in the market.

You need to know how to read the different charts involved in the Forex market. There are daily charts, hourly charts, 15 minute charts and even 5 minute charts to get you closer to the action. You can compare each of the data in the chart to spot market trends and at the same time, spot potential money making trends.

This can also help you minimize the risk when trading in Forex. Learn how to read charts effectively and you will be well on your way to become successful in the Forex market.

These are some the strategies and tips that you should keep in mind in order to minimize the risks in Forex trading and maximize your earning potential. Depending on your skills and how you apply your strategies, you can really make a lot of money in the Forex market. However, to be a truly successful Forex trader, you need to accept the fact that you will sometimes lose money. Never get discouraged when you do. Analyze where you made your mistake, think of a solution to get back what you lost and continue trading.



By: Gerald Mason

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pcorn_09 asked:


i got 1 but its only on .ex4 file.how to use it???please tell me.reply ASAP

ryanfxtrader asked:

Forex Auto Trader - fully automated Forex trading robot software.

Many Americans or even other foreign nationalities are interested in getting involved on Forex trading. Who on Earth will decline to the wealth offered by the Forex market, which is the largest market around the world-a whooping $2 trillion U.S. dollars worth of daily turnovers. Anyone inside the Forex clan has the opportunity of getting a big slice of that huge wealth. Aside from the huge possibilities for its traders, Forex market provides an extensive list of benefits-round the clock financial transactions, extreme liquidity, real-time and efficient trade executions-and the list goes on.

However, before taking home the “bacon”, you need to get a Forex trading education. Just like any other investments, you should never step on the Forex ground without knowing what you are stepping into. With proper education regarding Forex trading, you are assured that you are on the right track and you are on your way in making substantial profit.

So, what are the things that you will learn when you undergo a Forex trading education? You will understand the real nature of Forex trading. As you probably knew initially, Forex stands for foreign exchange or the simultaneous exchange of a pair of foreign currency to another pair of foreign currency. By learning the nature of trading foreign currencies at the right time, you are assured of gaining profit, although expect that it is not huge enough like the profits earned by professional and experienced Forex traders. And getting a Forex trading education will teach you how to do it.

The first part of your Forex trading education will focus on studying the Forex market background. Remember that the Forex market is a volatile market-conditions are frequently changing, most especially the foreign exchange rate. Through getting a Forex trading education, you will know how to examine such market changes and make appropriate decisions.

After studying and learning the whereabouts of Forex market, the next part of your Forex trading education is about risk control and management. It is important that you understand the risks involved in Forex trading. You need not to over invest or be overconfident at the thrill of opportunity of making huge money. Also on this part, you will learn how you will cut potential losses or getting out of a deal before your losses reach and even exceed your limits. It is natural that you will lose money when you start Forex trading. It is the most crucial part of your Forex trading education because it will determine whether you will end up making your way to riches or to a black hole.

Once you learn how to control the risks, you will learn how to start and manage your Forex trading account. You will be involved in practice Forex transactions using a demo account and virtual money. Through this way, you will be able to get the grip of your trading account before getting into real trading transactions. With a Forex demo account, there is no risk involved yet the nature is just as realistic as the real Forex trade. Moreover, your Forex trading education will also let you know whether you are ready to do the real thing or you need more practice. Only then will you be able to start and manage a real Forex trading account.

There are various ways to obtain a Forex trading education. One of the best resources to get a Forex trading education is through the Internet. There are different free sites that allow you to open free Forex demo accounts to practice your Forex system and trading strategies. There are also free e-books where you can read essential information about the Forex market and its attributes. Free webinars (web-based seminars) conducted in real time are available at random schedules. You may also seek some valuable advice from different active Forex traders. These individuals can provide you some insights and important advice regarding the subject of Forex trading.

Now that you know a little about Forex trading, it is time for you to get some good Forex trading education. Take your time and do not rush things. With an average daily turnover of $2 trillion U.S. dollars, there is just a lot of money involved in Forex trading. Prepare yourself to grab a slice of that wealth as well to the risks involved.



By: Stephan Uys

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