Price Increase Postponed

Rob Taylor

Just a quickie to let everyone know that I have decided to postpone the price increase and keep prices on hold for another 12 months.

I know everyone has been hit hard by the lockdowns and I feel that a price increase is not appropriate at this time. So if you are considering learning to trade Forex with a professional trader then please feel free to contact me via the regular channels.

I have just had a Skype message that I thought id share with you from someone that has recently taken my 15-hour course.

“Another day up……I’m telling myself it’s just a fluke but that’s the first time ever I’ve had 5 winning days on the trot!”

Thank you for visiting my site and have a great day.

Forex Training Price Increase.

Rob Taylor

Just a quick post to let you know that the prices for my Forex training will be increasing on the 1st of January 2021.

The price increase will be 20% across all training courses.

I am still one of the few Forex training providers that can really teach you how to trade the professional side of the Forex market.

And even with the price increase my Forex training courses still represent unbeatable value for money.

The only question you need to ask yourself is do you really want to be a professional Forex trader? Check out the reviews of my training courses here.

Below is a trading statement from the last 3 months. The trading statement is a mixture of manual and automated trading using my professional trading strategies.

Forex Trading My Way Out Of Lockdown.

Rob Taylor

So here we are, another lockdown another uncertain future, another stressful time for many people both financially and emotionally.

While we all have differing opinions about lockdowns they seem to be a necessary evil at the moment that we have no escape from.

Lockdowns have a financial impact on the majority of people in the country whether they are employed or self-employed.

Having run many businesses I have been self-employed for most of my working life and If I was in any other business other than Forex trading then I would be seriously concerned about the impact these lockdowns would be having on my financial future.

While I really do feel for everyone that is affected by these lockdowns being a full-time Forex trader I am pretty much unaffected financially by this lockdown or by any future lockdowns. As long as the markets are open I can still make money.

When I decided to become a full-time trader many years ago I did so primarily because I had run bricks and mortar businesses in the past and knew how much circumstances beyond your control have a direct impact on your business.

People calling in sick, suppliers not delivering on time, customers not paying on time, competitors stealing your customers, plus many other things I could mention.

Forex Trading is the perfect business in my opinion. You can buy or sell what you want, whenever you want, and if you know what you are doing you can make a great profit along the way. You have none of the issues that affect traditional business and you are protected from the unprecedented events that we now find ourselves in.

Being a successful Forex trader is not easy, but with the right education, the majority of people can become successful. Forex has given me a lot of sleepless nights in the past, but it has also enabled me to enjoy a lifestyle most people can only dream about. I would never be in any other business.

Let’s hope we can be out of this latest lockdown quickly but I feel we could be in it until mid-January at least.

Thanks for visiting my site and stay safe.

3 Grand In 3 Days.

Rob Taylor

Just made a quick video for all you fence-sitters that want to see proof that I can trade.

Please excuse my limited experience in making videos. Yes, it’s crap I know but at least you can see what you need to see. 🙂

I’m not using big lot sizes to achieve these results, so you don’t have to have a massive account size to get results like this yourself.

Hope you like the video.

Contact me if you want me to teach you how to do this. How to trade I mean, not how to make crap videos 🙂

https://www.priceactionforextrading.co.uk/wp-content/uploads/2020/09/WhatsApp-Video-2020-09-26-at-16.34.25-2.mp4

Technical Analysis Versus Fundamental Analysis.

Technical Analysis Versus Fundamental Analysis

I have been meaning to write this article for a while now as I feel it’s very important for traders to understand the difference between Technical Analysis and Fundamental Analysis and also to determine which approach is best suited to your personality and your trading style.

Understanding the difference between the 2 styles of trading is vitally important if you want to be successful in the markets. As I am a day trader the majority of my trading activity is based on understanding the technical aspect of the market on a day by das basis.

I do have a sound understanding of Fundamentals but it does not play an active role in my day trading activities.

What is Technical Analysis?

Most people think Technical Analysis is putting lots of indicators on your chart and waiting for something to happen.

If you want to lose money in the markets then this is the way to go.

Technical Analysis the Rob Taylor way is learning and understanding the technical aspect of the market, by studying the activity of the participants in the market and working out the highest probability outcome of this activity.

Technical Analysis is not waiting for the price to break support or resistance. It is not waiting for the price to retest a trend line. It is not waiting for one moving average to cross another. It is not looking at Elliot waves, Pivot points or Fibonacci levels, or looking for a Gartley pattern to form.

All that rubbish is not Technical analysis. Let me just make it clear for you one more time in case you missed it.

“Technical Analysis is learning and understanding the technical aspect of the market, by studying the activity of the participants in the market, and working out the highest probability outcome of this activity”.

What is Fundamental Analysis?

Most people think that Fundamental Analysis is waiting for the news to come out and trading based on a market consensus.

The correct way to approach Fundamental Analysis is to consider the overall state of the economy and factors that affect it including interest rates, production, earnings, employment, GDP, housing, manufacturing, and management.

Using this data correctly you can determine fair value on a currency price. If the currency price is above its fair value then it should be sold, and if a currency is below its fair value then it should be purchased.

Trading one currency against another using this model can give you an edge in the market.

Which approach should you use?

Well, that really depends on whether you want to day trade, or whether you want to take a longer-term view of the market.

Fundamental Analysis is of no use to you if you are day trading and using stop losses. If you are trading without stops, which is a very dangerous thing to do then having an understanding of Fundamental Analysis will hopefully prevent you from trading a currency counter to its fair value.

I am a day trader so I am heavily involved in understanding the technical aspect of the market and what is most likely to happen on a day by day basis.

All of my teachings are based on understanding the highest probability outcomes of market events on a day by day basis.

So to recap. Day trading requires you to have a sound understanding of Technical Analysis, and Fundamental Analysis is best suited to a longer-term approach.

Thanks for visiting my site and have a great day. 🙂

Beware Of Scammers Selling Get Rich Quick Trading Courses.

Rob Taylor

I have been trading the Forex market for over 17 years and in that time I have seen lots of scammers come and go. And some that come and do not go. 🙂

But I was messaged today by an unnamed source that brought to my attention a double-page spread in the daily mail yesterday, highlighting the lengths that some people will go to part unsuspecting wannabe traders from their hard-earned cash.

I have tried to find a link to the daily mail website but the article is also available on the this is money website.

If you are thinking of paying someone to teach you how to get rich quick in the Forex market then you really need to read this article.

https://www.thisismoney.co.uk/money/beatthescammers/article-8522169/Beware-bedroom-traders-boasting-fortunes-currency-bets.html

Thanks for visiting my site and be careful out there. 🙂

Student Makes Over 10k Profit In One Week.

Rob Taylor

How would you like to make over 10k profit in one week? Well, one of my students did this week.

Below is a snippet of our Skype chat on Friday.

Here is a snippet of a chat we had in April.

As you can see Lee’s trading has grown exponentially in the last month.

Lee is an excellent trader who has worked very hard to achieve these kinds of results.

I am not saying that every trader that takes my course will be making 10k per week, but with hard work and the correct understanding of the market, consistently profitable trading is not a pipe dream, and any trader getting the kind of results that Lee is getting is a very real possibility.

If you want to learn how to trade like Lee and finally become a profitable trader then please check out my Forex training course.

Have a great weekend. 🙂

Removing Negativity From Your Life Will Make You A Better Trader.

Rob Taylor

There is absolutely no benefit whatsoever from negative thinking, and removing negativity from your life will make you a better trader.

I was a very positive child, most children are. It’s only when we start to get older and the influence of our parents and our peers start to kick in that we become negative.

Some people will say its living in the real world that makes us negative.

But what is the real world? The real world is whatever you want it to be.

Do you want to live in your world, or do you want to live in everyone else’s world?

I prefer to live in my world. My world is pretty good to be fair.

I am a successful trader with money in the bank.

I am fit and healthy.

I live in a great place.

I have great friends and family.

I can do what I want whenever I want to do it.

My world is great, hows your world?

Are you living in your world, or are you living in everyone else’s world?

It’s very easy to fall into everyone else’s world, and that’s what the majority of people do.

To get the most out of your life and your trading you need to live in your world. Take responsibility for your actions, and admit that where you are now in your life, or your trading, is down to you, not anyone else.

If you live in everyone else’s world then you can blame everyone else for your shortcomings. When the real person you need to blame is yourself.

The difference between successful people and unsuccessful people is successful people want to be successful, and they take responsibility for their actions. If they are not happy with something they change it.

If you are in a low paying job that you hate, do something about it.

If you are living in a place that you hate, do something about it.

If you are unhappy, do something about it.

If your trading sucks, do something about it.

Don’t blame everyone else for your situation and don’t live in everyone else’s world.

Are you surrounded by negativity?

You will never be a great trader or have a great life if you are surrounded by negativity.

Everyone is exposed to negativity every day, but is it negativity from your world or everyone else’s world?

Ok here are a few examples of negativity in everyone else’s world.

You turn on the TV and you are bombarded by the negativity from the news channels.

You read the newspaper and someone has been stabbed to death.

You turn on the radio and someone has been shot.

You are driving down the road and you see someone have a car accident.

Here are a few examples of negativity in your world.

Someone steals your car.

Someone breaks into your house.

Someone punches you in the face.

You lose your job.

Now if you look at the examples of negativity in everyone else’s world you can clearly see that stuff happens all the time. The negativity examples in your own world happen very rarely.

We are constantly bombarded with negativity from everyone else’s world but it’s not relevant to our world. So why let it have an impact on our world.

We cannot remove the negativity from everyone else’s world, so there is no point in even trying, so just ignore it.

About 20 years ago I lived in Spain for a couple of years, and although I can speak enough Spanish to get by, I could not really understand what was going on in the world by watching the news.

So, fortunately, I was not constantly being exposed to all that negativity in the world and that was a real boost to my attitude, and I found that I turned into a really positive person.

So unless you are extremely unlucky then most of the negativity in your life comes from everyone else’s world.

So unless negativity directly affects you then ignore it, and you will really see positivity and success return to your life.

Thanks for visiting my site. Have a great day. 🙂