Will 2018 Be Another Losing Year For You?

Rob TaylorEinstein once said that the definition of madness is doing the same things over and over again and expecting different results.

So will 2018 be your year for Forex trading success? Not if you are doing the same things that you were doing in 2017 it won’t.

Less than 5% of retail traders consistently make money in the market. Why?

Retail trading strategies don’t work, its as simple as that.

What do I mean by a retail trading strategy? A retail trading strategy is any strategy that uses beliefs about the market that are incorrect. Beliefs that are built up by years of watching YouTube video’s and visiting sites like Forex Factory and Baby Pips.

Retail traders do not understand how professional traders trade. Despite all the so-called Forex gurus that claim to be able to teach you how to trade price action, or teach you how to trade order flow, or teach you how the big banks trade, or teach you how the institutional traders trade, retail traders are still in the dark about what really goes on in the Forex market.

The big banks do not trade how you think they trade, the institutional traders do not trade how you think they trade, professional traders do not trade how you think they trade.

Why are you doing the same things over and over again?

Because you don’t know any different that’s why. You have been brainwashed by charlatan educators who claim that they know what they are talking about when they don’t. You have taken too many courses for a few 100 bucks, and you think you know how to read a chart, but you don’t.

If you don’t know that you are doing it wrong then you cant change it. But trust me if you are losing money in the markets then you are doing it wrong, and you need to change what you are doing.

Thank you for visiting my site, but don’t go just yet.

How ever you may have reached my site today I would like to thank you for visiting, but before you click away just stop for one second and listen to this. This is a pivotal moment in your Forex trading career. If you read some of the articles on my site and click away then you have just missed an incredible opportunity to find out what you have been searching for your whole trading career. How the Forex market really works.

I am a real life professional trader. I have been where you are now, I have done what you are doing now. And now I am prepared to share all of my years of knowledge and experience with you, to enable you to change the way you look at the market forever. I don’t just claim to know what I am talking about. I actually do know what I am talking about, and I prove it to my students day in and day out in my live trading room.

Free access to my earn while you learn and my live trading room.

So here is an offer you can’t refuse. Just to prove to all the doubters out there that I am the real deal I am going to put my money where my mouth is. For all traders who enroll for my 15 or 30-hour course this month, I am going to give you free access to my live trading room, and my earn while you learn offer, for life. That is a saving of £1000.

Why am I doing this? Because the feedback that I have been getting from students that are in the live trading room is amazing, and I feel that everyone that takes my 15 or 30-hour course should have the benefit of the trading room, as it really does transform the way you look at the market and turbocharges your learning.

So now you have no excuses. Make 2018 the year that you do something different. Make 2018 the year that you finally realize your dream of becoming a successful trader. Make 2018 the year that you get a proper trading education from a real trader that makes his money from trading, not from training.

For more information on my Forex trading course please click here.

Thanks for visiting, and remember this is a pivotal moment in your Forex trading career, are you going to click away, or are you going to contact me and see what I have to say?

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. 🙂

What Do You Need To Be A Successful Forex Trader?

What Do You Need To Be A Successful Forex Trader Successful Forex traders are a rare breed. Only 5% of retail traders actually make money in the markets consistently.

But consistent profitability is the goal that all retail traders aspire to.

So what do you really need to be a successful Forex trader? This is what i think you need.

1. A Professional Trading Strategy.

Without a professional trading strategy you will really struggle to be consistently profitable. There are many retail trader strategies available to you, but they are all constructed with beliefs about the markets that are incorrect.

The foundations of all good strategies have to be built with a sound understanding of how the markets work. If you have that understanding built into your strategy, then you will have a much greater chance of success. If you build something without a solid foundation it will fail.

2. A Trading Edge.

You will hear this a lot on retail trading websites. An edge is an advantage that traders look for to give them a head start on the competition. Many retail traders believe that they have found, or need to find, something in the market that no one else has previously found, and that will be their trading edge.

Let me just say this for the record. Stop wasting your time trying to find an edge. Your edge is knowing how professional traders trade the markets, and trading the way they trade. If you continue to trade like a retail trader, then you will never find the edge you are looking for, and you will continue to lose money. Knowing how to trade correctly, combined with a professional trading strategy, is the only edge you will ever need.

3. A Professional Approach.

So you know how to trade correctly, you have your professional trading strategy, so you have your trading edge. What you now need to tie it all together is a professional approach.

This can be a problem for some traders. Everyone wants to get into the markets, make their money and get out again. If you have the understanding of the markets needed to be successful, and you have a professional strategy, then its perfectly reasonable to expect to do this on every trade, but its not going to happen on every trade.

Sometimes you have to wait for the correct entry, or the correct exit. You cannot just jump in and out of the market and expect to make money. This is not how professionals trade. A professional trader will wait until the odds of success are firmly weighted in his or her favor, before entering the market. The chances of a successful trade are then much greater.

4. Professional Risk Management.

A professional approach requires you to manage risk. Every time you enter the market you are taking a risk. If that risk is adequately managed, then over time with a good strategy you will make money consistently. Jumping into the markets with 10 lots and no stop loss when you have 5k in your trading account, is not adequately managing risk.

Retail traders are fixated on how much they can make in the markets. Professional traders are fixated on how much they can lose in the markets. If you lose less, you make make more. Just knowing the correct place to put your stop loss will save you money. Whats the point in getting stopped out for 20 pips on every losing trade, when you can get stopped out for 12, or 16. Losing less will make you more.

5. Capital Preservation.

Capital preservation is a major part of risk management. If you have more capital, you can make more money with less risk, if you have less capital you make less money with more risk. So you need to manage risk effectively in order to increase you capital balance over time.

Is it better to make 10% per year on a billion dollar fund with a low risk approach, or better to make 100% per year on a 100k fund with a high risk approach? Its not rocket science is it? This is why the top hedge funds are never short of people willing to invest, because they know how to generate good returns by managing risk, and preserving capital.

I hope this article has given you some insight into how i like to approach the markets.

If you wish to learn how to trade Forex using professional trader strategies, please consider my Forex training and mentoring course.

If you enjoyed this article please feel free to like it or share it. 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 15 or 30-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 15 and the 30-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 it’s 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 he’s 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 To Be A Sucessful Forex Trader Using Market Logic.

In order to be a successful Forex trader you have to keep it simple. I have many profitable strategies that i use to make money from trading, but they are all based around simple market logic.

So what is market logic?

To understand market logic you have to understand the major forces that drive the market. What makes prices move up and down?

Most traders think that buyers and sellers move the market up and down. Now although that is true its not the only factor that drives price.

Other factors that influence price.

Think about this. When you enter a trade you buy or sell the market at a specific price. Now whether that trade is successful or not, you will have to exit that trade at some point in the future.

So say you buy the market, and set a take profit and a stop loss. Now in order for you to exit that trade, whether in profit or loss, your buy order will have to sell the market at some point to close out your position. So just by closing your trade you are influencing price.

The power of the majority.

If everyone is selling the market, why would you want to buy it? If everyone is buying the market why would you want to sell it?

This is a mistake that a lot of retail traders make. They try to catch tops and bottoms. I have done this myself when i first started out. How many times have you seen prices going down, and thought its going to reverse here, this is the bottom. So you pile in, only to see it go further down, and you think why is it going down, and down and down?

Well think about it logically. You buy at what you think is the bottom, and a few 100 others do the same, because lets face it, its not only going to be you that thinks its the bottom, there will be 1000s of other retail traders that think the same thing, who will also be buying at various levels.

So if all of these retail traders are buying, why is it still going down. Because the majority are still selling, and your buy orders are adding to that selling pressure.

How can buy orders add to selling pressure?

Well think about the other factors that influence price. Buy orders are seen as positive by the majority of traders, but when you have a strong downtrend they are negative. They are fuel for the fire of the downtrend. Why? because those buy orders are closed out with sell orders.

So as uninformed retail trades are trying to catch tops and bottoms, their stop losses are adding strength to the move, as those buy orders close as sell orders. Even if some traders do manage to catch a temporary bottom, when they close the trade for a small profit, their sell orders will send prices down again.

Major reversals in the market.

So if what im saying is true, and it is, what makes the market reverse, if its not buyers? Well if its not buyers that make the market reverse, it must be sellers right? Yes, but not just sellers. There are 3 main factors that will make the market reverse from a strong downtrend, or a strong uptrend. Buyers, sellers, and profit takers.

In this case we will work with the downtrend. As we have already established by trading against the majority you will lose your money.

The picture below shows how buyers, sellers, and profit takers affect the market.

Market Logic

In order to avoid losing money in the market, you always have to be on the correct side of the move, and trade with the majority. Following the trend is not always the answer though, as you can see how the buyers and sellers in that downtrend got smoked by entering at the wrong time. You have to enter and exit the market at key reversal levels in order to be successful.

My Forex training course will show you how to enter and exit the maket safely, and how to trade alongside the professionals.

If you enjoyed this article, and you think it would benefit other traders, please like it on Facebook, share it on Twitter, or bookmark it using the buttons below. Thanks for visiting and have a great day.

Can Setting Stop Losses Make You A More Successful Trader?

Some traders use them, some traders don’t. I use do them, and in this article i am going to explain why setting stop losses will make you a better trader.

What are stop losses?

stop lossFor those of you that are very new to trading, stop losses are pending orders placed in the market, to close a position at a certain price point, if a trade goes against you.

Stop losses are exactly that, they stop you from being exposed to significant losses if you get it wrong.

Many traders do not fully understand when it is safe to enter a trade, so they often get into the market at the wrong time, and a stop loss is used to limit a traders losses if the trade moves too far from the entry position, to a level where the trader feels that the trade will not be a successful one.

How are stop losses used by the majority of traders?

The majority of traders to do not have a clear understanding of the market, and are therefore entering trades based on how much they are prepared to lose on a trade, rather than how much they can profit on a trade.

A professional trader will always look at a trade from a profit point initially. A professional trader will understand the market, and will see a profit target first before he sets his stop loss.

A typical retail trader will set a stop loss of anything from 10 to 30 pips from their entry point, and they will target a risk reward ratio of at least 2 to 1. So their profit target will be anything from 20 to 60 pips.

Now if you are reading this and thinking yes that’s me. That’s what i do, but i always seem to get stopped out. Whether i set a 10 pip stop or a 30 pip stop i always seem to get stopped out, it just takes a bit longer if i use a 30 pip stop.

Why the majority of traders are getting stopped out.

The simple answer is they are entering the market at the wrong time. Think about this statement.

The market does not care where you enter, and it does not care where your take profit is. The market will do its thing and you will either get stopped out, or price will hit your take profit.

Traders that are getting stopped out more often, tend to use bigger stop losses to avoid the stop out. But if you increase the size of your stop loss, you also have to increase your take profit target. So if you are using a 2 to 1 RR, a bigger stop loss will mean a bigger take profit, and if you are targeting a bigger take profit, the sentiment of the market has more time to change before your TP is hit, and your trade has less chance of working out.

So how can you avoid being stopped out before your take profit is hit?

The answer for the majority of traders is to trade without stop losses. I have been trading professionally for quite a few years now and i have seen many changes in the market, but one of the most significant changes that i have seen, is how many retail traders are now trading without stop losses.

If you want to see your money go down the toilet, trade without a stop loss.

Stop LossesWhy are retail traders trading without stop losses?

The main reason is because they do not want to lose their money, but another more interesting reason is they think that if they put a stop loss in the market that is visible to their broker, then it will be easier for the broker to stop them out if they know where their stop is.

Many retail traders talk about stop hunting, and say that if your stop is visible to your broker he will hunt you down and stop you out. This is complete rubbish. No broker is going to move the market to get your 100 bucks. Do you know how much money is costs to move the market 1 pip? Why would a broker spend millions for dollars trying to move the market to get your 100 bucks?

Trading without a stop loss is not the way to be successful in the Forex business. Trading success is about entering the market at the correct time. If you do this then the chance of you getting stopped out is greatly reduced, and your trade is more likely to hit your take profit.

Why i prefer to use stop losses.

To benefit from the use of stop losses you first have to learn how to trade, so you are entering the market at the correct time. When you know how to trade, a stop loss is very important because it takes the emotion out of trading.

When you enter a trade with a stop loss, you are limiting your risk, so if you are comfortable with your risk, and your potential reward, then you are trading based on a calculated trading decision, and not on an emotional hunch.

Traders that trade without stop losses are emotional wrecks, as they do not know their potential loss in advance, so they are glued to the chart, hoping and praying that the trade works out before they lose their shirt.

This is not how professional traders trade. Professional traders take calculated risks based on high probability trade set ups. They set a stop loss, and a take profit that they are comfortable with, based on a clear understanding of the market and its participants. When the stop loss and take profit is set, they move on to another trading opportunity.

Set and forget.

Although i am not a great fan of set and forget it does take a lot of the emotion out of trading. I tend to use a set and monitor strategy rather than a set and forget. The market is constantly changing and i believe that you have to monitor your trades as the market changes. You may need to tweak your stop a little, or your take profit, to maximize your potential reward, and limit your potential risk.

Setting stop losses will help you to become a more successful trader.

Setting stop losses takes the emotion out or trading.
Setting stop losses enables you to set and forget. Or as i prefer set and monitor.
Setting stop losses helps you to protect your capital.
Setting stop losses means you can move onto new trading opportunities, and not sit glued to the chart all day.
Setting stop losses gives you your life back. If you want to go for a walk, or go and grab some lunch you can do, because you have the protection of a stop loss, and you are comfortable with your risk.

The most important thing to take from this article is stop losses will only work if you are entering and exiting the market at the correct time, and that is the holy grail of trading in my opinion.