Why Its Virtually Impossible To Make Money As A Retail Trader.

Make Money As A Retail TraderI say virtually impossible. It is possible to make money as a retail trader but the odds are firmly stacked against you. The statistics show that only 5% of retail traders make money consistently, but in reality the chances of success are probably less than 3%.

So taking into account that only 3% of traders that start out on this journey, achieve consistent profitability, why do so many people still want to get involved in Forex trading.

Well i suppose its for the same reason that people play the lottery. I don’t play the lottery by the way. I have no desire to throw away my money on a 50 million to 1 shot.

But taking into account the odds of lottery success, Forex trading success is a much better option.

Financial freedom, working hours that suit, spending more time with friends and family, working from home, being your own boss. These are all reasons why people get involved in Forex trading.

All of these reasons are valid, and attainable as a Forex trader, but they come at a price. Nothing in life is free, but you get out what you put in.

Determination, desire, discipline, dedication, are qualities that you need to be successful, but without education the other qualities will not be enough for Forex trading success.

Why is it so hard to succeed as a retail trader?

Here are some reasons why retail traders fail to make it in this business.

Not enough capital.

This is something that causes a lot of traders to fail. Most retail traders are sold a dream, a dream that they can turn a 100 bucks into a million bucks, when in fact that really is not how trading works at all.

not enough capitalIf you only have a 100 bucks to fund your account, just forget live trading, because you will only lose your 100 bucks. If you go down the same route as the majority of traders, then you will probably blow a min of 3 trading accounts before you get to any sort of consistent profitability. That’s if you are lucky.

Top tip: Divide your start up capital into 4 lots, and open your first account with a quarter of your start up capital. You then have enough money to fund 3 blown accounts, and still have something left to trade with.

Poor trading education.

If you have enough capital to fund 4 trading accounts then getting the correct education is a must to give you any real chance of success. Everyone thinks you can teach yourself how to trade by reading books, or watching trading videos on YouTube. Although you may be able to learn the basics this way, you can only be successful in the Forex business if you are educated by a professional trader.
trading education

This job is a lot harder than it looks, and paying a professional to teach you how to trade correctly is the only way in my opinion that you can move forward and get consistently profitable in your trading.

You want to make money in this business, and you want to be able to do it in as little time as possible. By trying to teach yourself to trade you are doing the complete opposite. You will lose money, and you will lose time. The only thing you will gain is stress.

Investing in a professional Forex training program will save you a lot of money, a lot of time, and a lot of stress.

Lack of discipline.

Discipline is something that a lot of traders struggle with. Fear and greed is one of the biggest reasons why traders fail. Having the knowledge needed to be successful will not be enough if you cannot control your discipline.
how to control fear and greedWarren Buffet is probably the best example of a trader that is 100% unaffected by fear and greed issues.
He is one of the richest guys in the world but he has not made his money by being greedy, or by being fearful. He has made his money be being clever, and very well informed.

Its a lot easier to control fear and greed issues if you have the correct education, but it can still cause traders problems.

I like to think of trading in the way you cross a busy road. If you have not been taught how to successfully cross the road, the chances of getting squashed by a bus are very high, but even when you know how to cross the road, there is still a temptation to go for a small gap in the traffic, and try to make it to the other side without waiting for the road to become clear so you can cross safely.

Trading is about waiting for the road to become clear, so you can trade safely.

False beliefs about the market and how it works.

Most of the education available to retail traders either online, in books, or in other training courses is poor to say the least. Some of it is bordering on madness to be honest, but traders still pay for, and dedicate time to learning this crap, and it will not help them one bit in their trading journey.
false beliefs about how the market works
Some well respected Forex training providers have no idea how the market really works, and importing this knowledge into traders heads is leading to false beliefs about the market and how to trade it. These false beliefs will make it impossible for a trader to make money consistently.

But because the trader does not know that what he or she believes is false, they blame their failures on a lack of discipline, when in fact the problem is a lack of knowledge.

So whats the answer?

Well the answer is to hire a professional trader like myself to teach you how to trade. And if you think its too expensive to hire a professional trader, just think about how much it will cost you if you hire an amateur.

Thanks for visiting my blog, have a great day. 🙂

My New Forex Training course.

New Forex Training courseAs some of you already know i recently launched a new Forex training course called learn to trade in 5 days, and i just thought i would post an update on how that’s going.

The course teaches my number one trading strategy, and is an alternative and more affordable offering to the full 20 or 40 hour courses in which i teach all of my strategies.

I had a good feeling about it when i decided to do offer it, and the response to it has been very encouraging.

I would like to thank everyone that has signed up for the course so far. Some traders have taken the course already, and some are waiting to start.

The feedback i am getting from the people that have taken the course is very good indeed, as is the feedback from the 20 and the 40 hour courses. I have had a couple of traders say that i need to post some feedback on the site to let others know how good my stuff is.

Now i am not the type of person that goes in for pages of made up feedback testimonials to encourage people to part with their hard earned, but having a few genuine testimonials from real traders who genuinely want others to benefit from what i teach, is only going to be a good thing.

I have many visitors to the site, that look at my courses, but for whatever reason, probably the price 🙂 decide not to contact me. Now let me just say this to all of those people that visit the site and click away.

If its the price, then i understand. If its not affordable then what else can you do. But to those people that can afford to pay me to teach them, i would like to say this. Please please please please please do not get me confused with all the other charlatan educators out there. If you have been scammed, ripped off, cheated out of your money by these crooks, then i feel very sorry for you, but i am not one of them.

I had an email from a guy yesterday that had paid over £20,000 in the last 5 years to these crooks. He is now having to take out loans to pay for his healthcare because hes lost all his money. It makes me sick, it really does. These people do not hide in the shadows, waiting to pounce. They are all there in plain sight, so called professional traders with flashy websites telling you how good they are, and how many people they have successfully taught how to trade.

I am not going to name them as they will probably sue me. They have very lucrative training businesses to protect after all. Please don’t fall for their lies. These people do not care how much money they take off people, or how many lives they ruin, they are not professional traders, they are con men pure and simple. If you want to learn how to trade you have to pay a real professional trader to teach you, not a professional marketing guru.

What i am offering to teach you, you will not get anywhere else. What i can teach you about this business will change your life. If you want to be a successful profitable trader then email me, give me a call, or Skype me, and listen to what i have to say.

I will be getting together some testimonial’s/feedback for the new training course next week. So please check those out when they are on the site. Once again i would like to thank those who have put their trust in me. I have enjoyed teaching you, but not as much as you have enjoyed learning from me. 😉

Thanks for visiting my blog, and have a fantastic weekend.

10.01.2017. Reviews can now been seen here

How Professional Forex Traders Trade The Markets.

Professional Forex Traders Verses Retail Forex traders.

There are many participants active in the Forex market but to keep things simple i like to split the players into 2 groups. Retail traders and professional traders.

Everyone starts off as a retail trader, but only a very small percentage actually have the skills and the determination required to make the transition from the retail side of the business to the professional side.

How To Become A Professional Forex Trader.

Becoming a professional trader has nothing to do with how many years you have been trading for. Some of my students were trading for over 10 years as retail traders.

Becoming a professional trader has nothing to do with your attitude, or your approach to trading. It also has nothing to do with whether you are trading full time or part time.

There are only 2 things that set professional traders apart from retail traders. Knowledge and consistent profitability. But you cannot have consistent profitability if you do not have knowledge.

Why Retail Traders Lose Money.

Why Retail Traders Lose MoneyThere are many reasons why retail traders lose money, but the main reason is a lack of understanding of how the Forex market actually works.

Now this is a real big problem for retail Forex traders. The reason its such a big problem is that many retail Forex traders believe that they understand how the Forex market works.

Retail traders believe that they know how to read a chart. So if you don’t know that what you are doing is incorrect, and you think that your understanding of the market is correct, why would you change what you are doing?

When a new student has their first lesson with me, they are totally blown away by what i have to say. Traders are so convinced that they know how to trade the Forex market, that it comes as a real shock to them when i show them what they have been doing wrong.

Only when i have educated retail traders to see the market how professional traders see it, can they move forward on their road to profitability .

Why Are So Many Retail Traders Doing It Wrong.

Its a fact that 95% of retail traders lose money. By losing money i mean not being consistently profitable. Everyone makes money from time to time, but making money long term is what counts.

The reason why retail traders are doing it wrong is very simple, its because they have been taught to do it wrong by other people that are also doing it wrong. The so called training providers that are teaching people how to trade, do not know how to trade themselves, and because they do not know they are doing it wrong, how are they going to change what they teach?

So as you can see its a vicious circle of incompetence that breeds more incompetence.

So Whats The Answer?

The answer is to pay a professional Forex trader to teach you how to trade. If you pay for a retail Forex training course, you will only learn how to trade like a retail trader, if you pay for a professional Forex training course you will learn how to trade like a professional trader.

You would not pay a plumber to teach you how to become an electrician would you? Its simple, find a professional trader such as myself, and pay them to teach you how to trade, it will save you years of heartache and lots of money.

How Professional Forex Traders Trade The Markets.

Now i don’t often give away anything for free, i charge a lot of money for my knowledge, and what i teach is worth 10 times what i charge for it, but i am going to give you a little insight into the way a professional Forex trader trades.

I have many strategies that i use every day to make money from the market, all of which i teach in my Forex training course, but to be successful one thing that you have to understand is the intrinsic value in what you are buying or selling.

We are in the buying and selling business, and any business that involves buying and selling has one underlying principle, that if applied correctly, will enable you to make money in any buying and selling business. And that principle is “its not the price you sell it for that makes you money, its the price you buy it for”. If you buy it cheap enough, you can always sell it for a profit.

How Professional Forex Traders Trade The MarketsLet me give you an example. You are chatting to the guy next door and he tells you he’s got a few financial problems and he needs to get some quick cash.

He wants to sell his 2 year old Mercedes, and wants to know if you are interested in buying it. So you ask him how much he wants to sell it for. He says £35,000, but he needs to know right now if you want to buy it or not.

You cannot have any time to go online and check out the model, the mileage the condition etc to get a value on it. So you say “i don’t know if that’s a good deal or not, so i am going to have to say no thank you”.

The next day you see the guy again, and he says look mate i really need to sell this car today, i will let you have it for £25,000, but i need the money today. You have still not checked out the price of the car online, but you are getting it for £10,000 less than he was offering it to you yesterday, so you agree to buy it, as you think it must be cheap now, as its 10k less than yesterday.

So you give him the money and take the car. You then go online to check out the price, and see that they are selling the same car with the same mileage in the same condition in your local garage for £23,000. Now based on the fact that the local garage will probably have a 2k mark up on a car like that, the true value is probably around £20,000 for a quick sale. So you have just lost £5000 in the blink of an eye.

Now why did you lose your money? You lost your money because you bought something that looked cheap, but as you did not know the true intrinsic value of it, turned out to be expensive.

So there are 2 lessons to be learned from that example. Just because it looks cheap, does not mean it is cheap, and knowing the true value of what you are buying before you buy it will make you money. As i said its not the price you sell it for that makes you money, its the price you buy it for.

Thanks for visiting my blog, have a great day. 🙂