What i trade and what i teach is advanced price action Forex trading. There is lots of free information online about price action trading, some good some not so good. I have some free info on here about price action set ups like how to trade pin bars or how to trade outside bars, but its just basic stuff that you can find on many free sites. Don’t get me wrong this information will help you in your trading, but it will not enable you to make money consistently, week in week out from your trading. To be consistent you need to understand advanced price action Forex trading.
So what is advanced price action Forex trading?
Advanced learning by its nature is to learn something at a higher level, so you are learning price action trading at a much higher level than the majority of price action traders. Every candle on a chart is a representation of price action over a set period of time. A daily candle is made of six h4 candles, 24 h1 candles, 96 15 min candles, or 288 5 min candles. To really understand what is happening in a daily candle, you have to understand what has happened on the lower time frame candles. This is part of advanced price action Forex trading as i see it. We break every candle down, and understand what is happening on the smallest time frames, to give us an indication on which way price is most likely to move.
If we notice a price action set up on a higher time frame, we can also use the lower time frames to give us a great entry point. Traders that trade the daily and weekly time frames have massive stop losses, we can enter the same trade at a precision entry, and have a much tighter stop than they have. By studying the lower time frames, we will also know if the trade is going to fail before they do. Whats the point of being stopped out for 200 pips. If you know the trade is going to fail, you can take a much smaller hit instead, many times you can get out with breakeven.
Why so many Forex traders lose money.
As you are probably aware the majority of Forex traders lose money in the markets, and the reason for this is that they only have a basic understanding of Forex trading. To be a consistently profitable trader, you have to have a complete understanding of what is happening to price on every time frame, from the 1 min chart, right up to the monthly chart. When you have this understanding, and you know what makes the market move, you can enter and exit the market safely, and make profits consistently.
What the experts say, lol.
Many so called experts will tell you that you cannot make money trading the lower time frames, because price is too volatile. You need to trade the daily and above to be successful. This is complete rubbish, and anyone that says this does not fully understand advanced price action. There are many well respected price action traders, that sell their courses to people on the understanding that this is a fact. The only good thing about trading the higher time frames, is it takes longer for you to lose your money, as the set ups on the higher time frames are less frequent. This is great for the people that sell these courses, as they will have more time to fob you off, and you are less likely to demand your money back if it takes you 12 months to realise their stuff don’t work.
What other websites are saying.
A lot of websites make bold claims that they can teach you advanced price action Forex trading, but they are mostly teaching you how to trade pin bars off support and resistance levels, or doji’s or engulfing candles of the same levels. They are teaching you how to read price action after it has happened. Anyone can teach reversal signals on daily and weekly time frames, but how many people can teach you how to get in right at the top of a pin bar, or an engulfing candle, before the candle has even formed? That’s what I’m talking about when i talk about advanced price action trading. Identifying pin point entries and exits on the chart, whether you are trend trading, or counter trend trading, that’s real advanced price action trading.
Many paid Forex training courses are a complete waste of money.
The majority of paid Forex training courses are a complete waste of time and money to be honest, and there are many experts that claim to be able to teach you how to trade, but they will only teach you basic stuff that you can find online for free at babypips or similar sites. They will not teach you how to really trade, because they do not know how to really trade themselves.
Before paying these people ask yourself “if this guy can trade why is he selling me a course for a few hundred bucks” and you will get your answer. The reason my course costs almost 4k is because its worth a 100k. I am a professional Forex trader, and what i can teach you will transform your trading and change your life. If you want the same old rubbish that you can get online for free, keep throwing away your few hundred bucks, plus all the time and money you are losing while you are testing this rubbish, before you find out its the same old stuff yet again that does not work.
Don’t get me wrong just because you pay 1000s for a training course, does not mean it will be the real deal. There are also many companies that charge a lot more than i do, and their training courses are just as bad, if not worse that the ones you can get for a few 100 bucks. These big Forex training organizations have huge marketing budgets, and they can make it sound like Forex is they key to making a fortune very quickly. You need to be really careful of these companies. I have heard stories of people that have paid these companies 25k and they still cant make money. How these companies are still allowed to operate their businesses is beyond me.
Forex Trading is not easy at first, and you need the right education.
I will be honest with you, Forex trading is not easy at first, and you are not going to make big money from it right away. Its a hard job that has to be learned fully if you want to be successful consistently. I can give you the right education, but its up to you to put in the time required to make yourself successful. What i teach is not a get rich quick scheme. If you can imagine Forex trading as a journey. I can take you 80% of the way very quickly, by teaching you stuff that could take you 5 or even 10 years to learn on your own, stuff you really need to know in order to be successful, but you need to invest chart time and practice what i teach, to complete the rest of the journey. With my support of course. 🙂
If you are prepared for a little hard work initially, then Forex trading will become a lot easier as you progress.
So if you are reading this and thinking “how do i know that you are not another con artist that is going to take my money and give me the same old rubbish i have paid 300 bucks for”. Well the short answer is you don’t. But you are welcome to contact any of my students for a review of what i offer, and they will tell you i am the real deal, and what i teach is true advanced price action Forex trading.
As Morpheus says. All I’m offering is the truth. Nothing more.