Many Forex Traders Are Doomed Before They Start – Are You One Of Them?
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If you are struggling with Forex trading, or feel you should be doing a lot better… this is a must see video!
Click Here To Watch The Forex Psychology Video
The truth is, most Forex traders are operating under misconceptions that are killing their chances of every becoming successful. And even if you struggle through and come to these conclusions the hard way, it is a long and frustrating process. Most traders jsut don’t make it that far before they give up.
That is why this video from Todd Brown is so important. It clearly shows the role your trading psychology plays in your trading. Sadly, most traders try to avoid the topic of trading psychology by finding the perfect trading system. After all, if you had the perfect trading system you would’t have to worry about things like fear and greed… you would be too busy counting your money. But if you want the brutal truth… there is not a system in existence that WORKS without you having the right mindset to trade the system successfully.
Traders have the bad habit of not being able to admit they are their own worst enemy to their trading. (It is much easier to blame the system). Successful traders leave their ego at the door and realize the responsibility is more on them than the system.
Todd Brown has 14 years experience and is literally giving away a video course on traders psychology (all you need to do is opt-in). I highly suggest you watch this first video… and be honest with yourself. You might find the only thing keeping you from being a huge Forex success is YOU!
What Did You Learn From The Forex Robot World Cup Free Report?
Last week I told you about a Free Report brought to you by the Forex Robot World Cup. I figured a lot of you would read it over the weekend because I know there are a lot of questions when it comes to automated Forex trading… and this report gives the answers.
Click Here To Get The Forex Robot Report (Limited Time)
For those of you who don’t know…
If you are not familiar with the Forex Robot World Cup, you really are missing something exciting in the Forex trading world. Recently, their was a Forex robot competition. Over 300 Expert Advisor programmers entered. Due to a strict screening process… only 24 were selected for live testing.
Then these 24 Forex robots were put to the test on the same trading platform, during the same 2 months and with the same starting balance. The idea was to find the best of the best with real results… and then offer these winning robots to the public. (This will happen on Feb. 16th).
You might be wondering why all this is necessary. Well, the reason is simple. With all the marketing hype out there and false promises… it is hard to find a Forex robot that performs as advertised. This competition is designed to discover the Forex robots that really work.
The free report that is available right now goes into a lot more detail about this. If you are considering automated Forex trading… this report is a must read! (And it’s free!)
Click Here To Get The Forex Robot World Cup Report
To Improve Your Forex Trading – Do This On The Weekend
Once you get through the Forex trading week, it is time to take a much needed break. But it is also time to reflect on your past trading experiences. There is always room for improvement… after all.
One of the things I like to do, if I have time and no plans with the family, is re-read some of the books I have on Forex trading. I do this not because I am looking for a trading system… but because I want to be reminded of what I am trying to accomplish. I want to be a successful Forex trader… and therefore need to learn from traders who ALREADY are successful.
This means reading books written by real Forex traders. I can quickly pick these out because they normally talk about a lot more than just trading methods. (Success in trading is the combination of trader psychology, money management and the trading system you use).
Here are some books I suggest you read, if you are really serious about being a Forex trader…
Long Candle Forex Trading Course by Barry Thornton
I really like this one because it reminds me I don’t need a high winning percentage to be profitable. As a matter of fact, Barry teaches you how to be a Forex loser (and still make profit). I think this concept is what a lot of traders are missing. The yput so much pressure on both themselves and the system they are trading… it is easy to get frustrated and give up.
I think it is liberating to remind myself I don’t need to be perfect and losses are part of the business of Forex.
Bird Watching In Lion Country by Durk Du Toit
Probably the most famous book on Forex trading… and with good reason. Again, this separates the real information from all the hype out there. And again, a lot of time is spent on things like traders psychology and money management. I know these topics might not seem that exciting… but this is exactly what is going to result in you becoming a successful Forex trader.
Forex Confidant by Tom Strignano
Do you think an ex-Bank trade could teach you a thing or two about Forex trading? The great thing about Tom is he had to create his own trading systems, even though he traded professionally. So, he has a unique perspective on trading Forex that you are not going to get from many people.
Now keep in mind, I re-read these books regardless of the Forex trading system I am using. What you learn from these REAL traders is UNIVERSAL and can help you become a better trader regardless of the specific trading system you are using. Plus, if you are not already happy with your current trading system, they can teach you a lot as well. I believe very trader should learn from real traders and try to implement their mindset, money management and trading secrets.
What have you done this weekend to become a better trader?
The KEY To Forex Trading Success
This past week I attended the Forex Big Event, a 3 day webinar with some of the biggest names in Forex trading. If you have never had the opportunity to listen to real trader with a proven track record, then you are really missing out. But one of the biggest lessons of the event came about by identifying what ALL of the traders had in common.
This video talks about this KEY to Forex success
You see, most new and intermediate traders spend a lot of time, energy and money looking for the right Forex trading system. And it is important to find the right system to fit your personality. But the just finding the right trading system won’t make you successful.
What does that mean?
EVERY successful trader on the event talked about trading psychology. EVERY one of them credited their success to having the mindset and psychological skills necessary to put their trading plan into action effectively. And since each of the traders were using a different trading system to extract profits from the Forex market… it is what they had in common that could make you a trading success.
Now, I know this is going to fall on deaf ears for most of you. You are going to continue looking for the magic trading system that works so well you never have to worry about things like fear or greed. But if you’ve been around the block a few times, or want to reduce the amount of time it takes to be a success… you should concentrate on traders psychology.
Here is an excellent video by Todd Brown explaining the importance of the traders mindset… Trader Psychology Video
Don’t get me wrong, finding the right trading system for your personality is important. But it will be useless if you don’t have the trader’s mindset to put it into action effectively. Be honest with yourself… is your struggles because of the system you are using, or your inability to use the trading system effectively?
The Brutal Truth Behind Forex Automated Robots – Exclusive Free Report
Do Forex Robots Really Work? And if so, where do you find the ones that perform as advertised? These are questions a lot of traders are asking that want to find the right automated trading solution. Well, finally you are about to get some answers, brought to you by the Forex Robot World Cup.
You might be wondering why the team at Forex Robot World Cup went through all the trouble to put on the first live Forex robot competition. Was it really necessary to go through all that trouble, offer $150,000 in prizes and post the results in real time using real money? The answer is yes, because there is (or I guess I could say was), a big problem in the Forex automated trading industry.
If you have ever considered using an automated Forex trading robot, or tried one and were disappointed, I suggest you read this free report from start to finish. It might not only answer some of the nagging questions you have… but help you find a solution that could change your financial future.
Click Here To Read The Forex Robot Report
Inside the report you are going to learn…
Do Forex Robots Really Work? – This Competition Says Yes!
We have all bought a Forex robot with the hopes of putting our Forex trading on autopilot. And unless you are very lucky, you didn’t find one that worked like you hoped. Some might even start to think that Forex robots really don’t work.
I’ve just done a Mini Forex Report that talks about Forex robots, do the work and where you can find winning Forex robots. You can read it below…
So, if you have been disappointed in the past, the Forex Robot World Cup might be just what you have been waiting for. You can check out the robot’s performance under live market conditions with real money BEFORE you decide to use it. This is groundbreaking.
Where Is The Best Place To Find A Forex Auto Trading Robot?
Forex Auto Trading is something most Forex traders are interested in. I mean, who wouldn’t be… profits on autopilot from a 3 trillion dollar a day market! Unfortunately, finding the right Forex auto trading solution is not as easy at it seems.
Here is a Mini Forex Report I wrote on finding the best Forex auto trading robot…
Best Forex Auto Trading Robot –
The Forex Robot World Cup is changing the way Forex traders look for automated Forex solutions…
Is The Forex Robot World Cup Competition Legit?
When something as groundbreaking as the Forex Robot World Cup Competition comes along… it is only natural some people are skeptical. We’ve all been scammed by false promises and doctored “proof”. And the truth is, some traders who have failed to make money trading Forex would rather believe some kind of conspiracy theory than work on their trading skills.
MINI RANT: Like when some traders blame their failures on brokers stop hunting… as if the broker really cares about the small amount of money independent traders use, or could move enough money in the 3 trillion dollar a day market specifically to take out their little stop. I think these people need a ego check… the market is too big to care about any one trader. But I digress…
So, Is The FRWC Legit?
One of the biggest signs this is legit is the fact the sponsor is one of the biggest Forex brokers in the world… FXCM. They provided the Metatrader4 environment for the robot contest so everyone would be trading on the same platform. And for those of you who believe in conspiracy theories… brokers are not the enemy! Think of this…
- Brokers make money on the spread.
- Brokers want you to trade and trade a lot… because they make more money that way.
- The more trades you make, the more money they make regardless of whether you win or lose.
- Automated robots that trade 24 hours a day, and trade keep trading for a long time are like a money machine for them.
You can learn more about the broker relationship FXCM has with Forex Robot World Cup by listening to this audio interview: Forex Robot World Cup Interview
Are The Trading Journals Being Verified?
One of the great things about this Forex robot competition is the fact everything is transparent. I know there are a couple of traders and organizations out there verifying every trade during the 2 month period. And keep this in mind, they had everything up in real time so you could follow along. Everything they have done so far is easily verifiable… which means the results are real!
Which Is The Best Forex Robot In The Contest?
I think this is a case where “best” does not necessarily mean most profitable over the testing period. The winner LMD made the most money over the 2 month live trading period. However, it was a sporadic and seems to use a slightly more risky strategy. I really like HiRider because it looks very stable and shows a great equity curve. I also think Supervolcano, Simple and Cobaltfx look good as well.
Keep in mind, you don’t need a robot to triple your account every 30 days to be extremely profitable. Of over 300 robots entered into the contest, only 24 were hand-picked for live trading with real money. Of the 24, only about 7 or so were profitable. Do you see how this competition weeds out the bad robots?
Is 2 Months Long Enough For Testing?
Remember, this was 2 months of LIVE trading with real money. This was not some backtest on a demo account. This was a real trading environment with real profits. So, I think the results mean these Expert Advisors are definitely worth a look.
As with any automated trading solution, you should test it out yourself before you put your own money at risk. But I think the competition has given us a head start by weeding out robots and leaving us with a handful of robots to take a serious look at. I for one am very excited to get my hands on these winning robots.
When Will The Winning Robots Be Available To The Public?
Feb 16th is the date. This is when the robots that showed profit during the live testing will be packaged and made available to the public.
Forex Robot World Cup Raises The Credibility Bar – Exclusive Interview
Yes, I know you are skeptical about anything that has to do with automated Forex trading. You’ve been burned before. That is why what I am about to share with you is so important. The Forex Robot World Cup organizers understand this is a problem in this market… and have done everything possible to make the competition as transparent as possible.
This Exclusive Interview Shows The Forex Robot World Cup Credibility
If you have been following the Forex Robot World Cup over the past few months, you already know this is UNIQUE. Imagine being able to watch Forex robots trade LIVE with real money for 2 months before deciding if it is the right automated Forex solution for you. Compare that to having to trust the hand-picked “proof” you see by other Forex robot vendors.
But today, you get a chance to see why this Forex robot competition got the attention of one of the biggest Forex brokers in the world, FXCM. Not only were they impressed with what this competition was all about, they became an official sponsor! You really need to hear this interview.
Click Here To Access The Forex Robot World Cup / FXCM Audio Interview
So, what are you going to hear on the interview?
- What does the biggest FX broker in the world think about the FRWC?
- Why did they decide to be official sponsors of the FRWC?
- What does FXCM think about the transparency of this competition?
- What is the biggest FX broker’s opinion on the fact that all EAs were traded on live accounts and results were updated LIVE?
- Why there is a big difference between real-money, live trading and back-testing / demo trading?
- What does liquidity have to do with anything when it comes to live trading? Hear the real answer for the very first time… no more speculation on this point!
- Why it was necessary to conduct such a competition, considering what current FX product buyers have available to them in the marketplace.
- Why has the MT4 platform become so popular?
- No restrictions, no dealing desk execution… what does that mean to FX traders? (IMPORTANT!)
- The HUGE benefit of FXCM’s partnership with Boston Technologies and how this can benefit YOU!
- What does FXCM have to say about scalping strategies? (you’ll want to hear this!)
…and much more!
This once in a lifetime interview will be available for a short period of time so if you are serious about automated FX trading, make sure you listen to it:
The FRWC Exclusive Interview
Tom Strignano’s Fibonacci Strike System – Watch This Free Video!
When Tom Strignano gives away free Forex information… it is something to stop what you are doing and grab ahold of it with both hands. If you remember when he showed us the powerful Head Fake System, this was must see info that changed the way many traders trade. Now he is releasing his Fibonacci Strike System.
Why is this so important…
Tom was an ex-bank trader that had to develop his own systems to trade the market. This forced him to come up with trading systems that work, and work well. What he shows in not theory… it has been tested with over 25 years of experience as a professional trader. How do you think that stacks up to buying an ebook from some no-name trader teaching theories that have never been proven to work?
So, if Tom Strignano is willing to teach you something for free about using Fibonacci Numbers to extract BIG pips from the Forex market… get a pencil and paper and get ready! Here are some of the things Tom goes over in this free video…
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Discover How to Determine Buy Levels like a Pro in the “Forex Triangle”… |
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Easily Recognize Sell Levels With This One Little Trick… |
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Determine Your Stop Loss for Buy and Sells Using the Fibonacci Strike as the Key… |
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Simple Spots To Get In The Trade Before The Support & Resistance Breaks by Using the Power of the Fibonacci Strike…. |
I think you’ll agree, this is definitely worth a look.
Click Here To Watch Tom Strignano’s Fibonacci Strike System Video
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