Successful Forex Trading Model with Powerful Weapons

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Forex Trading is Zero Sum Game. It’s Extremely Difficult for You Retail Traders to Beat Institutional Traders Without Solid Plan & Powerful Weapons.

Learn Profitable Forex Model & Equip High Quality Tools to Get Ready for the Fights for Real Successful Forex Trading!! 

Successful Forex Trading model with Powerful Weapons – Introduction

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How To Be A Consistently Profitable Trader – One Simple Trick

Yvan Byeajee, an expert of trading psychology from Trading Composure (see details in the next section) explained “How To Be A Consistently Profitable Trader – One Simple Trick" as below;Consistently profitable trading trick

I’d like to begin this piece by telling you that it cuts through the superfluous and presents a sure-fire way to becoming a consistently profitable trader.

Yes, I dare say it.

This solution is so simple, yet most people won’t follow it long enough for it to produce results.

They won’t follow that solution for the same reason that they won’t stick to a strict diet or go to the gym on a consistent basis, or even quit smoking.

The pull to let our moods and emotions dictate our lives is just too strong, and most people end up not following through on their plan, diet, goals, you name it.

Still, I want to let you know that change is possible.

Absolutely—you can become a better version of yourself and achieve your goals of becoming a consistently profitable trader.

And as much as possible I’m here to help create a paradigm shift for you with posts like these.

So, let’s get to it.

If you’re like most traders, you often envision your future potential self –you picture yourself as a consistently profitable trader.

But I’m sure you’ve certainly wondered whether you can actually become that person.

Because sometimes when you look at where you are and where you want to be, the contrast can be so stark that you begin to wonder whether this ideal version of yourself is even attainable…

Or is it just some false hope that you might have – like a mule that trots along hoping to catch a carrot on a stick.traders dream

After all, while some people do go on to become consistently profitable traders, the vast majority don’t – in fact, they don’t even come close.

So, as aspiring consistently profitable traders, how can we not let our dreams of consistency be just dreams?

Well, as said above, there’s a reliable, sure-fire way to achieve that elusive consistency in trading.

Here it goes: Focus on one good trade!

One Good Trade

You see, everyone who has ever been successful in this field understood this.

They understood that they would trade much better if they had no memory of how much they made or lost previously, or if they didn’t try to predict how much they would make or lose at the end of the day, week, or month.

In other words, these consistently profitable traders have understood that their focus needs to be on “one good trade at a time.”

This “one good trade at a time” concept is, without contention, the main factor in them achieving success.

To be clear, this is not unique to trading; in fact, you’ll hear people in sales talk about the importance of focusing on “one good deal at a time”, and, in sports, you’ll hear coaches tell their athletes to focus on “one good shot.”

At its core, one good trade, deal, or shot is an exercise in staying present.

Simply put, our past experiences often shape what we do in the present.

Whether the cumulative total of all our past experiences is net positive or negative, we use that to project into the future and navigate the present.

We create expectations regarding future outcomes, which often results in performance anxiety and disappointments when things don’t pan out the way we expected them to.Struggling trader

Of course, it’s important that we learn from our past so we can better plan ahead; but the more we worry about the future (e.g. I better get a winning trade this time or I’ll be disappointed) and ruminate about the past (e.g., I should have taken this trade not that one), the less effective we become as traders.

The state of being fully present without agenda, goals, or expectations is a performance booster. When our minds are at their quietest, we can fully immerse ourselves in what we’re doing and perform better as a result.

Unless there’s a real need to know how much you made or lost previously, or how much you stand to win or lose in the future –for strategic purposes –thinking about your trade outcomes is NOT going to help you.

You need to stop being so obsessed with your trade outcomes, and give the trade in front of you 100% of your focus, patience, and good intention.

One good trade at a time.

That’s it! Nothing more, nothing less.

One Good Trade In Practice

Let’s see how this all works in practice.

Say you’re a day trader.

First, here’s what I want you to do.

Before you begin the trading day, say this to yourself with intention and purpose:

“I’m going to keep a calm and rational mind no matter what happens.”

“I will focus on placing one good trade at a time. “

This little mental rehearsal should be part of your trading plan. View it as another rule in your plan that you need to follow.

That’s the first part.

trading plan

The second part is to actually place one good trade.

One good trade is a trade where you’ve followed your rules.

As you focus on one good trade, keep this in mind: The more you seek to find a trade, the less effective you become as a trader.

Confirmation biases will make you see what you want to see, instead of seeing what’s there to see.

A good trade candidate is one that jumps at you through no special mental gymnastics of your own.

This is very important. Let the market come to you based on the rules you’ve pre-determined.

And when it does, just execute your trade –again, based on your rules.

If you’re a day trader, maybe place a maximum of three of those good trades per day and then call it a day. Win or lose, come back the following day.

You only have a limited attention span and will power, so by limiting your number of trades, you’ll remain present and objective for those trades and won’t end up overtrading.

If you’re a swing trader, place a maximum of four of these good trades per month.

What this all means is that some days (or months), you’ll get only one good trade; other days (or months) you might get nothing.

You need to accept this.

Always approach trading with such purpose and structure and you’ll be amazed by the results.

Two Common Mistakes Traders Make

Here are two common mistakes I see traders make when trying to implement this “one good trade” concept.

1.      They judge a trade based on its results.

Most traders look at how much they make or lose and judge how well they’re been trading is based on these numbers.

In their mind, if they have a profit, it means they are trading well, and if they have a loss, it means they are trading poorly.

Of course, this isn’t necessarily true.

A winning trade is not necessarily a good trade, and a losing trade is not necessarily a bad trade.

Make sure you understand that.

Sometimes you’ll lose although you have done everything right.

This cannot be avoided.

But, in the long term, a long line of “good trades” will almost certainly lead to a positive trading performance.one good trade, consistently profitable trader

2.      They focus on too many setups.

Often, traders try to trade too many different setups.

This is poor management of time and energy right there; plus, it promotes over trading.

You don’t want the machine gun approach. You want the sniper approach.

A consistently profitable trader specializes in one or two setups, and he/she focuses on trading those flawlessly.

They also do not force trades. They accept and embrace the most important part of this job—the waiting.

They wait for their setups within a set window. But if no opportunity appears within that window, they make wise use of limit and contingent orders so that they don’t have to sit in front of their screens all day long.

The consistently profitable trader understands that he/she will not be in every move and they’re fine with it.

Again, they’re not trying to make money; instead, they let the market come to them and focusing on placing one good trade at a time.

Conclusion

I began this post by telling you that I was going to present a simple yet sure-fire way to becoming a consistently profitable trader.

As you saw, this one good trade concept is very simple, yet powerful provided you have a sound trading system, to begin with.

But make no mistake… simple doesn’t mean easy.

Again, the pull to let our moods and emotions dictate our lives is just too strong, and most people won’t implement that solution long enough to see results.

It’s sad, but it’s reality.

So now the question is, can you set yourself apart from the crowd? Can you walk the extra mile and go where most people won’t?

I’ll leave the answer to you.

Remember, one good trade after another.

That’s all you need!

If you do that, the money will take care of itself.

Consistently profitable trading trick

30 Quotes From The Intelligent Investor ―Words of Wisdom For These Troubled Times

Yvan Byeajee, an expert of trading psychology from Trading Composure (see details in the next section) explained “30 Quotes From The Intelligent Investor ―Words of Wisdom For These Troubled Times" as follows;

The Intelligent Investor by Benjamin Graham is a very interesting book that expands greatly on how one can navigate the markets successfully. In this post, I share 30 quotes from the book.

The coronavirus currently has the world on edge.

There’s no telling when the carnage in the market will end, but one thing I’m sure of is that it–the market–will eventually recover like it always does.

To be very clear, I’m not calling for a bottom, I’m just helping you see the broader picture —remember the lessons from 2007–2009.

That said, in this post, I’d like to share quotes from The Intelligent Investor which I found interesting and especially relevant in these troubled times.

#1. – The longer the bull market lasts the more severely investors will be affected with amnesia; after five years or so, many people no longer believe that bear markets are possible.

The intelligent investor quotes

#2. – Those who do not remember the past are condemned to repeat it.

#3. – But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.

#4. – The stock investor is neither right or wrong because others agreed or disagreed with him; he is right because his facts and analysis are right.

#5. – On the other hand, investing is a unique kind of casino—one where you cannot lose in the end, so long as you play only by the rules that put the odds squarely in your favor.

The intelligent investor quotes

#6. – You must deliberately protect yourself against serious losses.

#7. – The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The Intelligent Investor is a realist who sells to optimists and buys from pessimists.

#8. – You will be much more in control, if you realize how much you are not in control.

#9. – While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster.

#10. – With every new wave of optimism or pessimism, we are ready to abandon history and time-tested principles, but we cling tenaciously and unquestioningly to our prejudices.

#11. – Many skeptics, it is true, are inclined to dismiss the whole procedure [chart reading] as akin to astrology or necromancy; but the sheer weight of its importance in Wall Street requires that its pretensions be examined with some degree of care.

The intelligent investor quotes

#12. – It requires a great deal of boldness and a great deal of caution to make a great fortune; and when you have got it, it requires ten times as much wit to keep it.

#13. – Never mingle your speculative and investment operations in the same account, nor in any part of your thinking.

#14. – The whole point of investing is not to earn more money than average, but to earn enough money to meet your own needs.

#15. – The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go. In the end, what matters isn’t crossing the finish line before anybody else but just making sure that you do cross it.

#16. – The intelligent investor realizes that stocks become more risky, not less, as their prices rise—and less risky, not more, as their prices fall. The intelligent investor dreads a bull market, since it makes stocks more costly to buy. And conversely (so long as you keep enough cash on hand to meet your spending needs), you should welcome a bear market, since it puts stocks back on sale.

The intelligent investor quotes

#17. – No matter how careful you are, the one risk no investor can ever eliminate is the risk of being wrong.

#18. – The secret to your financial success is inside yourself. If you become a critical thinker who takes no Wall Street “fact” on faith, and you invest with patient confidence, you can take steady advantage of even the worst bear markets.

#19. – By developing your discipline and courage, you can refuse to let other people’s mood swings govern your financial destiny. In the end, how your investments behave is much less important than how you behave.

#20. – The more a stock has gone up, the more it seems likely to keep going up. But that instinctive belief is flatly contradicted by a fundamental law of financial physics: The bigger they get, the slower they grow.

#21. – The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage.

#22. – Even when the underlying motive of purchase is mere speculative greed, human nature desires to conceal this unlovely impulse behind a screen of apparent logic and good sense.

#23. – To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.

#24. – Successful investing is about managing risk, not avoiding it.

The intelligent investor quotes

#25. – At heart, “uncertainty” and “investing” are synonyms.

#26. – Losing some money is an inevitable part of investing, and there’s nothing you can do to prevent it. But to be an intelligent investor, you must take responsibility for ensuring that you never lose most or all of your money.

#27. – Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.

#28. – The intelligent investor is likely to need considerable will power to keep from following the crowd.

#29. – The intelligent investor should recognize that market panics can create great prices for good companies and good prices for great companies.

#30. – Wall Street has a few prudent principles; the trouble is that they are always forgotten when they are most needed.

Final Words…
I hope these quotes from The Intelligent Investor gave you some well-needed perspective.
 
The intelligent investor is a great book, and I recommend you reading it if you get a chance.

A few words on the coronavirus. These are certainly strange times we’re living in, but you shouldn’t give in to fear.

You could be concerned, take precautions, but you don’t need to get involved in this pandemic, scarcity mentality we’re witnessing across the board.

Also, this is a day trader’s market, and if you’re not one and don’t intend on becoming one, your best bet is to stay in cash and preserve your ammunition until the situation gets clearer.

Just don’t waste your time, money and energy trying to swing trade a market that gaps all over the place.

Remember, cash is a strategic position.

In the meantime, stay safe and healthy. Meditate… cultivate composure. Work on your mindset. Now is a great time to do this.

If you’re up for the challenge, maybe try the Trading Psychology Mastery Course.

It’s a two-week deep home immersion Trading Psychology course.

In there, I help you develop a trader’s mindset.

You’ll learn everything you need to learn to be on top of your mental game and take full advantage of the recovery in the market when it happens.

Here’s a $50-off coupon to get you started: EQUANIMITY

30 Quotes From The Intelligent Investor ―Words of Wisdom For These Troubled Times

A Simple Meditation for These Uncertain Times

Yvan Byeajee, an expert of trading psychology from Trading Composure (see details in the next section) explained “A Simple Meditation for These Uncertain Times" as below;

With what’s currently going on in the world and in the markets, those are clearly uncertain times we are going through.

And it’s very easy to get caught up in emotions and mind states that are extremely challenging and difficult.

If these outside circumstances are out of our control, then it is up to us to change our attitudes toward them–as the saying goes, you cannot change the wind, but you can surely adjust your sails.

For this week’s post, I’ve asked my good friend Laetitia Jacquouton (Yoga and Meditation instructor at Modo Yoga Montreal) to record an impromptu meditation to help you deal with the current uncertainty in the world, so that you can remain present with what you’re feeling, be free of confusion, and cultivate composure.

Uncertainty is natural, yet we can maintain our sanity in the midst of this.

Like still and unperturbed water in a lake, when our mind is clear, peaceful, and calm, we can see the depths below.

But when our mind is disturbed, it’s very easy to get caught up in the turbulence.

Enjoy the meditation, and I wish you a productive week in the market.A Simple Meditation for These Uncertain Times

Click the below image to listen to the webinar; trading composure webinar

How to cultivate your mental edge in this market downturn

Yvan Byeajee, an expert of trading psychology from Trading Composure (see details in the next section) explained about risk & mindset management in this downturn market under coronavirus uncertainties as below;

The markets continue to be volatile on coronavirus fears, and it’s affecting traders and investors around the globe.

But not all traders are impacted the same way.

Market downturns can be a boon for some and dark periods for others.

It all depends on your style, time-frame, skillsets, and a magic topping called luck.

Personally, I’ve already forfeited all of the gains I’ve accumulated so far this year in my bigger trading account.

In this account, I trade a Long-only strategy on the weekly time frame, and I’ve temporarily halted the trading in there to limit the damage caused by false Long signals –I believe the uncertainty level is quite high in the market right now, which means that we should expect more volatility in the short to medium term.

On the other hand, I have a smaller trading account that I reserve for riskier, short term options trades.

In this account, I use a strategy called The Rainmaker.

For those of you that know about this strategy and are testing or trading it, you know it’s been really good at signaling this market downturn and capturing a good chunk of the move.

So, I’ve had some profitable trades this past week and my smaller account is currently up as a result.

But my bigger trading account is down for the year, and that’s not exactly what I want to see.

Prioritizing Mindset management

Losses are hard, but the year is young, and there are lots of opportunities ahead to make it all back, and much, much more.

The only thing is that the opportunities will only appear to those that are prepared and able to maintain a sober mind.

Hence, I can’t stress enough the importance of mindset management.

As a trader, you want to train yourself to approach trading in a way that’s sustainable as opposed to letting it be something that consistently plays with your emotions and wears you down.

Keep this in mind: risk management and mindset management is how you stay alive until the profits show up.

If you’re new to trading, it’s crucial that you understand that the market isn’t a cash cow that you get to milk whenever you want.

The market gives on its own time.

You just have to pay attention and go with the flow.

Step back when things are uncertain; step in when things are less uncertain… that’s how you make it long term.

Using This Time for Retreat and Introspection

Speaking of stepping back, I personally find volatile markets and uncertain times to be an amazing moment for a short retreat –until the dust settles.

Imagine this: you sign up for a retreat… you put aside your daily life and worries, and you go to this place in the middle of nowhere.

There, you remove yourself from the busy, noisy world and find space for quiet, solitude, meditation, reflection, calm, perspective, inspiration, gratitude, etc.

That’s exactly what I’m doing soon, for 20 days.

I’m heading on an intensive silent meditation retreat where I’ll be secluded from the rest of the world –no internet, news or people to talk to, just me and my mind for 20 days, and I’ll be using this time for meditation and reflection.

Now, you don’t have to leave everything behind and go away like this to reflect and find peace and perspective in your life.

It’s just what I like to do, and I do it at least once a year (more if I can).

You can do all of this without traveling, right where you are, in the comfort of your own home.

Granted, it takes intention, commitment, and a willingness to take action to create the space, but it’s absolutely possible.

In fact, it’s actually better this way especially if you have a family, a job and other responsibilities and can’t afford to just leave for a few days.

Here are a four steps you could take to create the space for reflection, peace, and perspective.

#1. – Cut out The Noise

Refrain from checking the market for a few days, so that you can contemplate and reflect.

Here’s an analogy that I used in a blog post not long ago: when you stand too close to a tree, you can’t even see that there’s a tree there.

You only see a blurry mass of color.

But as you step back a little bit, you start to see shapes, more colors, more details.

When you step back way further, you begin to see that there’s a tree there.

And as you keep stepping back, you see a whole bunch of other trees… you see the whole forest.

Similarly, in our lives, we can’t see the bigger picture if we don’t step away from the noise — which clouds our thinking.

So, if you want to cultivate your mental edge in this market, this is essential.

#2. – Reflect

Use a paper notebook and practice journaling.

If you’re holding onto something (a feeling of loss of control or deep uncertainty because of a recent trading loss), let yourself fully express that on paper.

Maybe go for daily walks in the forest. This quiet time in nature, away from the noise in the world will help regain clarity.

It’s also a good time to reflect on how things have gone, are going, and how you’d like them to go in the future.

Contemplate what’s most meaningful to you in your life.

We don’t often give ourselves such time for reflection, so creating the space for that is an amazing opportunity to get more detailed about what we want to create for ourselves.

#3. – Meditate

Market downturns can be times of doubt, stress, irritability, and overall unhappiness.

A formal sitting meditation practice is a good time to look into what you’re feeling, the texture and characteristics of your emotions and thoughts… but meditation also helps you develop focus, patience, and self-restraint.

And needless to say that the skills you acquire when you practice meditation automatically carry over into everything you do — and that includes trading.

So, if you want to cultivate your mental edge in the market, this is a must! If you are a trader and don’t have a practice, you’re not maximizing your chances of success.

#4. – Practice Gratitude

We often don’t want things to be the way they are. We don’t want this trading loss or that stressful situation… but, we can’t control the world, we can only control ourselves and the way we respond.

If you can accept that things are the way they are, you can make peace with that fact, and appreciate it for what it is. You can find a way to love reality just as it is with its ups and downs.

When you approach the market with that mindset, you’ll see how everything just turns into an opportunity.

Last Few Words

If done properly, this ‘turning inward’ and time spent away from the noise will replenish you while helping you see things differently.

You’ll come to make better decisions in the market and attract more success in your life.

But the key thing is not to get caught up in your usual habits of obsessing over the market, taking trades you shouldn’t take, and feeling bad about yourself and your performance.

One way or the other, you have to break that cycle to be a winning trader.

As said above, risk management and mindset management is how you stay alive until the profits show up.

And this market downturn is a great reminder of that.

Once again, I’ll be away soon for 20 days. If you try to reach me, know that I’ll probably take some time to get back to you (I’ll be back at the end of the month), but my posts and tweets are scheduled in advance and going out at specific times as usual.

Until then, I wish you all the very best! How to Cultivate Your Mental Edge in This Market Downturn

Forex Growth Model Stage 1 - 4

Profitable Traders Use High Quality Weapons to Success

As we repeatedly said that Forex Trading (spot forex market) is a Zero Sum Game, actually it’s a negative sum game by taking brokerage‘ mark-up spread / commission. Therefore, it’s a natural consequence that skilled traders & institutional traders beat the less skillful retail traders. Therefore our basic strategy for busy people who have not enough time to commit strong efforts to go through proper training & daily analysis is passive trading with the 3 methods. However, many of our members are actually doing self-trading and want to know how to improve their trading results. Allow me to emphasize that Forex trading involves a lot of risks which most definitely outweighs the returns for those who jump the gun and start trading without being fully prepared. 

Good news is that people first have to be willing to experience failure in order to succeed. So, don’t be discouraged by a few mistakes.

Trading Forex can be a rewarding experience, but firstly you must have a proper mindset, know the successful formula and access to the quality ingredients for the formula.

Therefore, instead of giving up the trading, read carefully GEM Forex Trading Profits Growth Model. The underlying concepts behind the model are 1st: Make Yourself Skilled Trader (Stage 1), 2nd: Develop Trading Portfolio (Stage 2 & 3), and 3rd: Earn Commission as Extra Profits (Stage 4)

  • Stage 1: Go through High Quality Trading Course to enhance your knowledge & skill. Most importantly train your trading mentality to the professional level, you may need brainwash.
  • Stage 2: Develop Trading Portfolio by Diversifying your Trading Method with World Top Level Signal Services, which will help achieve sustainable profitability with better risk control.
  • Stage 3: Develop your Own Autopilot Robot (algorithmic trading) without programming and Create EA portfolio on top of your manual trading to enhance risk management.
  • Stage 4: Become Master Trader to be copied or followed or invested in Social Trading & PAMM account to make extra income in the form of commissions.

The below shows the image of this growth model. Although the profits from Own Strategy by Manual Trading will grow but its portion will get smaller in % as the other methods’ contribution will be added & bigger;

GEM Forex Trading Growth Model

In order to achieve this growth scenario, we have researched and compiled the world top Best Online Forex Trading weapons as ingredients based on the following criteria;

  • Reputation – Feedback from the real users are critical, so gathered as many voices as possible to get objective assessment while avoiding the influence by subjective naysayers as much as possible. 
  • Value For Money – Free is good, and we identified good free tools for very basics but going advanced or specialized method should be a paid one. Thus, the availability of additional benefits such as discount & life-time service etc are explored.   
  • Easy, Practical & Workable – Keep yourself engaged and see things through to the end is the essential for online learners & traders. So, how attractive (interesting & fun) the instructor’s teaching manner & course material and how easy to use the tool & software are carefully considered.

So, let’s start the 1st stage of formula & ingredients.

Successful Forex Trading Course – By Level & Categories

Basic, Psychology & Advanced Level

If you want to succeed in Forex Trading, firstly you need to foster Top Level Trading Knowledge & Skill through the Absolute Best Course. I can’t stress this enough, Never Underestimate “Quality Training".

Nearly half of the retail traders and almost every trader who lose money are said to have failed in receiving a well-organized complete training. They tend to gather some basic knowledge online, then register demo trading and jump into the real trading once after seeing a few successful results. Unfortunately, with such shallow skill, nobody can survive more than a few months.

Knowledge is power, and that power will enable you to make logical decisions and continue trading long past the time when a lot of players have gone bust. So, take the below courses which we assure will significantly improve your profitability.

If you already went through enough training courses but still keep losing money, then you may consider looking at the course below or must take the Trading Psychology course because usually your mentality is the real cause to make wrong decisions. 

For Basic to Intermediate

2ndSkies Trading by Chris Capre 

There are so many online forex trading courses though, 2ndSkies Trading founded by Chris CapreChris Capre Photograph is believed to be one of the most reputable & workable courses. Chris Capre is a professional forex trader and coach specialized in Price Action Trading, Ichimoku & Trading Mindset. He founded 2ndSkiesForex in 2007 with a mission of “To turn you into a profitable trader by changing the way you think, trade and perform". Chris has become one of the most admired trading coaches in the world. 

It achieved impressive 4.79 score out of 5 scale in FPA (Forex Peace Academy) independent review, you can find a lot of positive comments as below;2nd Skies Forex Review Comment

Watch the below 2ndSkiesForex introductory video;

If you are relatively new to Forex Trading, don’t pay any money for the basic to intermediary level, you can enjoy free education as;2nd Skies Forex Free Course Dropdown Menu

Check the abundance of Free Valuable Materials like Video Lessons;2nd Skies Forex Free Videos Menu

If you are a complete newbie, start Free Beginner course.

If you’re more experienced , or gone through the above beginners course, then access to the Free most important / popular articles & videos list, which will give you a unique perspective on trading beyond the typical copy/paste price action or ichimoku strategies taught out there.

For Trading Psychology

Every trader knows that human emotion is the biggest obstacle for successful trading. Therefore, I would personally suggest you should firstly understand how the trading psychology works & how you overcome the problems before taking the advanced trading course. 

2ndSkiesForex – Advanced Traders Mindset

Chris Capre has been studying Neuroscience and Peak Performance for the last 20 years with one focus — to improve ones’ brain, mindset and life. Chris’s Advanced Traders Mindset Course will re-wire your brain by changing the way you think, trade and perform for success in trading.

Trading Composure

Besides, a few of our members reported that Yvan Byeajee’s Trading For A Living: Create A Trading Composure FounderLucrative Trading Business, Travel the World, And Work For Less Than 20h/week is quite practical and useful.

Yvan Byeajee wrote several books about trading & trading mentality. His bio in Amazon says;

My name is Yvan Byeajee, I trade for a living and I am the creator of Trading Composure, a blog where I share the many lessons I learned about trading, with emphasis on the psychological part –termed trading psychology, or investment psychology.Amazon

Yvan is also a meditation expert. He describes Trading Psychology Mastery Course as “Stability of mind, flexibility, concentration, and non-attachment are explored in detail in this highly practical and deep home immersion trading psychology course".

I understand you get 20% discount if you bundle them.

Yvan Byeajee Amazon

 

For Advanced Trading Course Including Risk Management

In order to be profitable in forex trading, you need to learn the advanced techniques especially the most important skill – Price Actions. Many of our members use Scalping technique which involves high leverage (typically 1:500 or even over 1:1000), means you need to master Risk-Management as well. 

2ndSkiesForex – Advanced Price Action Course

The best suggested course is 2ndSkiesForex Advanced Price Action course. The course works not only for Forex but also commodities, futures, CFD’s, stocks, global indices and options. You get lifetime access to the course, videos, private member webinars, trader quizzes and members trade setups forum.

2nd Skies Forex Advanced Course Menu

The course includes risk/money mgmt section (section 5) that covers leverage and risk, particularly the mathematics behind it and how they need to approach this.

Over 50+ hours video training is included in the course. To share the flavor of Chris’s video, I uploaded below video explaining the pros & cons of “Set and Forget Price Action Trading" (which is included in a free video courses), enjoy;

 
Special Discount: 2ndSkies occasionally offer Huge Discount for Each Course and especially 3 Bundle Courses of the Advanced Price Action Course, Advanced Ichimoku Course & Advanced Traders Mindset courses, so Check Choose the “Bundle All 3 Courses or Other Discounts".
 

Price Action Forex Trading – Scalping Course

As I said, many of our members prefer Scalping method. Scalping is a good way to make consistent profits throughout your trading session and it´s a very good style if you like to trade only on high volume periods of the day such as the London and New York session overlap.

Some of our UK members suggested Rob Taylor’s Scalping course. If you’re serious about Scalping Rob Taylor Photographscalping strategy you’d better take a specialized course like this. Rob informed us that you can get huge discount now.  Rob described his scalping course as;

So how is my strategy different from what the majority of scalpers do. My scalping strategy is based on very high probability trading rather than blindly entering and exiting the market. There are certain rules of the market that can be exploited with a good scalping strategy if you know what those rules are. Most traders follow the same rules for scalping as everyone else does, this is why they lose money. My scalping strategy has a clearly defined entry, exit, and stop loss. The strategy exploits rules-based market moves rather than luck. My scalping strategy also is not restricted to taking just a few pips from the market. Most scalping strategies tend to focus on the 1 min or the 5 min chart. My strategy works on all time frames, from the 1 min to the monthly. So depending on what time frame you trade you can take a few or 100’s of pips from each trade.Price Action Forex Trading Scalping Course

Successful Forex Trading – Use Forex Signal Service Smartly

List of Top Quality Forex Signals

One of the most important KFS (Key Factor of Success) for your trading is Developing Your Trading Portfolio by diversifying your strategies & methods.

Top Signals Are Usually Paid Off Instantly

One way to do diversification is using Trading Signal Services on top of your own strategy.

People often hesitate to pay the signal service partially because they don’t want to rely on others after a long training and partially don’t want to pay for the service, and partially are skeptical about the quality.

However, proven signal services are usually paid off very quickly and you can actually learn from the successful signals, and above all it’s a very effective method for diversification.   

So, I am sharing a few most reputable professional signal services & resources as follows (The signals being listed below are signals across all time zones, because each signal’s traders or algorithm trade almost all day. Thus the signals will be throughout the day. The bottomline is that these signals can be for any traders in the world.);

ForexSignals 

If you want to execute professional trading while learning even from the basic, ForexSignals is the best solution. ForexSignals assisted nearly 70,000 Forex traders since 2012. This signal is a rare service that can hardly be found any negative review but highly rated in every ranking sites including ForexPeaceArmy where it scores 4.544 rating out of 5 scale. Forex Signals FPA Comments

This signal service provides you with an excellent educational platform. Namely, they offer a Trade Room where you can learn Forex Trading with 3 professional Forex mentors (Andrew Lockwood 30+ years experiences / Mark Bennell 15+ years experiences / Max Norbury 10+ years experiences), including daily live streams, a global chat room, and trade signals. The service also offers a Trade Academy section including 100+ Forex educational videos, and 4 MT4 tools to help with your trading. All the signals from our traders and the community are displayed in the trading room. The company is registered at Hong Kong (Address: 1301 Bank Of America Tower, 12 Harcourt Road, Central, Hong Kong 1000). Their staff are located in different countries across the globe to cover all the time zones.
You are entitled to have 7 Days Free Trial. Besides, Use ‘forex4life’ to get 10% recurring discount.

Enigma Strategy

Enigma Strategy is run by Mayfair Capital Limited regulated by UK FCA – Financial Conduct Authority (FRN-FSA Registration Number 766642). Instruments traded are Primarily 4 major Forex currency pairs. Their signals are produced based on the latest AI – Artificial Intelligence and ML – Machine Learning applications in trading and quantitative finance. Their live performances are verified with third party analytical tools myfxbookEnigma Myfxbook Record

The Real-Time Trading Update is;

MI technique is to evaluate market positions based on a proprietary algorithms which systematically determine each trade’s entry and exit positions and capital allocation and determines the best parameters for itself by training on an in sample data-set. This is then evaluated on an out of sample data-set to see how it would perform in a real trading environment. The algorithms are retrained each week to adapt to new market behaviors.
Algorithms are only able to vary parameters within set risk managed limitations, such as the stop loss level having a fix minimum and maximum. The system uses various risk management tools, one of which is sentiment analysis which aggregates and updates within milliseconds based on machine learning.
Additionally further risk management tools include a higher level portfolio risk management tool which prevents trades being made if the portfolio is under diversified or over-leveraged.
Short and Long term Forex Signals – Entry points, take profit, stop loss.  All signals are sent with ticket numbers and closed PIP profit and loss. Go Enigma Package & Sign-Up page and Get Discount with the promotion code (fill-in the Check-Out page) as follows;

  • Monthly package (Code: 2M0NTHS30OFF) – 30% off for the first 2 months & back to normal price from the 3rd month
  • Annual package (Code: 20OFFNEWENIGMA) – 20% one time off for the first customer
  • Annual package (Code: 10OFFENIGMAUPGRADE’ – 10% one time off for the switch from monthly package

See the separate report of Most Profitable Forex EAs & Signals Full List, where we also included several specific examples you should avoid for your safety.

Create Your Own Autopilot Trading with No Programming  

The System to Develop Your Own EA

Another important KFS (Key Success Factor) is Reducing Your Manual Trading by adding Automated Trading as your Further Diversification of your Portfolio. 

Over 70% of institutional traders use algorithmic trading and over 90% of traders who consistently win use autopilot trading. If you want to be a successful forex trader, not using autopilot trading is not a smart approach because software / robot can eliminate any human’s psychological problems that is the biggest cause to prevent your profitable trading. Further diversification will surely improve your risk-management capability. 

Professional traders create their EA based on their unique strategies. Big institutional traders use their own programmer in their resources, but you can do the same very economically & easily by using the below program; 

Develop Your Own EA Portfolio Instantly & Optimize Periodically 

EAForex Academy

EA Forex Academy is run by Petko Aleksandrov, a Head trader and mentor. They provide you with algorithmic trading tools for you retail traders. As long as we see, this course is the most practical, comprehensive & value for money in this territory. They claim to have 15,000+ students in about 150+ countries, an amazing number for just 4 staffs. 

They provide a lot of video courses including Algorithmic Trading & Cryptocurrency Trading.

And the key course for creating & forming own EA portfolio is Expert Adviser Studio. Watch the below introductory video showing the overall concept of EA Studio;

Suggest you continue to watch the another video as below, which explains what you get from free registration and specific demonstrations of how to generate the trading strategies, test them instantly (you can actually save a lot of time for this) and execute them in real tradings while creating EA portfolio;

Finally, let us share a video explaining a course of Optimization of Portfolio Expert Adviser with 100 Strategies, which would be ideal for your trading diversification. It’s suitable for busy people (it also elaborates on how the diversification works in Forex Trading). Hope this video gives you the idea of how each course in EA Forex Academy is organized;

If you want to purchase any of the course, send your e-mail address to us via Contact, then we will make sure you get 15% Discount from Petko.

Use Successful Forex Trading Robot 

List of Best Forex Robots

Alternatively, you can use the proven Forex Robot / EA developed by the professionals. 

However, we should understand that there are a full of scams on the Internet. I’m sure you understand ostentatious claims are often used by scammers to trick retail traders but unfortunately human tend to be dazzled. Remember, they don’t have any evidence to back up their claims.  

Therefore. if you’re new to EA and you prefer to use the EA being sold in the market rather than creating your own EA introduced in the previous section, suggest go through the below information first;

Forex EA Knowledge

We have issued the below 3 Forex Robot related strategic papers; 

Current List of Profitable Forex EA

We list just a few forex robots which seem to currently work well. We researched many ranking & back testing services sites and thieved into them mainly based on;

  • Survival Length Over 2 Years (2 years is the period that go through a series of up & down market waves although a full economic cycle may need 5-6 years, means the EA can cope with normal market change with major news)
  • The 3rd party verification on the trading results is available
  • Low Risk – Drawdown rate is less than 20%
  • Annual Growth is over 20%
  • Refund Guarantee

So, if you are the trader shopping around the EA in various ranking sites based on the similar parameters to the above, we have saved your time. You may want to test them for yourself by taking the best use of the Refund Guarantee Period (see the best testing tools in Appendix at the bottom). 

However, Forex EAs are basically not designed to (in fact almost impossible to) program rapid market change affected by big economic news, political or weather issues. Such inconsistency of the market is the biggest cause of the EAs’ inconsistent result. We select the EAs that have survived for reasonably long period, means they equip the good risk management setting to avoid big upset by those surprise news. However, it’s better for you to monitor especially for the volatile period rather than relying completely on the automated decisions, which can definitely improve your profitability. 

The most successful forex trader including institutional traders develop EA portfolio, monitor carefully and do optimize it constantly.

Flex EA

Flex EA is a highly rated EA including an automatic update system that can consistently provide profit without regularly updating the settings. In its active exclusive Forum you can check the other members’ experience of this EA and exchange the opinions. Currently, they run huge discount of 67% off, use the code ‘FLEX67OFF’ at check-out. The 3rd party verified results is publicized in myFXbook;Flex FA myFXbook

The Real-Time Trading Update is;

 

Forex Gump EA

Forex Gump EA was created by the team headed by Ukrainian trader and developer Andrew Kozak.uses, well-known in MQL5 community. High-Frequency Scalping Trading with 1-minute time frame, robots will work 24×5 to look for opportunities and take profits. Check the 3rd party verified results in FX Blue;Forex Gump FX Blue

The Real-Time Trading Update is;

                               

 

WallStreet Forex Robot 2.0

The WallStreet Forex Robot was launched over 8 years ago and Wall Street Robot 2.0 Evolution is the latest & the long-standing EA. This version has a Broker Spy System designed to protect traders against dishonest brokers hurting high-negative slippage traders, spreading and slowing order execution. You now can get 4 different robots for the price of one which may help you for the diversification as well. Check the 3rd party verified results in myFXbook;

Wall Street 2.0 myFXbook

The Real-Time Trading Update is;

 

As said before, see the separate report of Most Profitable Forex EAs & Signals Full List, where we also included several specific examples you should avoid for your safety.

Successful Forex Trading – Earn Commission 

The Way to Generate Commission By Your Trading

After you have established a well diversified trading portfolio and have good confidence on your skill & strategies, you may want to Start Trading to gain Commission by helping other traders. 

Being Copied in Social Trading Platform 

Copy trading enables traders in the financial markets to automatically copy positions opened and managed by a selected investor, usually in the context of a social trading network.Copy Trading Wikipedia

Just in case you’re not familiar with Social Trading / Copy Trading, you may want to take a look at;

Among many social trading network, eToro (full Review – make sure you check 2 Successful Methods & 4 Processes) & Zulu Trade (full Review) are supposed to be the most established platforms, and they offer the following plans for you to earn commissions;

eToro

Consider to Become A Popular Investoretoro become a popular investor, and get copied by thousands of eToro members to make a lot of extra money. 

ZuluTrade

You can earn handsome commissions from ZuluTrade Trader Program;ZuluTrade Trader Program

Get Investment on Your Trading as PAMM Masters

A percent allocation management module, commonly known as PAMM, also sometimes referred to as percent allocation money management, describes a software application used predominantly by foreign exchange (forex) brokers to allow their clients to attach money to a specific trader managing one or more accounts appointed on the basis of a limited power of attorney. PAMM solution allows the trader on one trading platform to manage simultaneously unlimited quantity of managed accounts.PAMM Wikipedia

If you’re not familiar with PAMM (Percentage Allocation Management Module), suggest you take a look at;

You may want to consider becoming a PAMM master trader in the below Broker which is said to be the best in this area;

FX Open 

You can create your own PAMM Master Account and ask other FXOpen traders to invest on your PAMM account. You can freely set your commission structure as below; 

FXOpen PAMM Master Creation

Conclusions

Summary & Other Useful Tools

Yvan Byeajee we introduced in Trading Course said;

There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.

We have shared a proven process which is designed to shorten the lengthy loss generating period which retail traders often go through as shown in the below image. The original chart is the one I used to show how hard the retail traders achieve profitable forex trading in passive trading introduction;Forex Successful Trading Model CurveSo, follow the model many successful forex traders including institutional traders are more or less taking and make a living forex trading if you would like. 

Successful Forex Trading Appendix – Useful Resources & Tools

We randomly list some other useful weapons for your successful forex trading as follows;

Strategy Back Testing

Before you execute your trading strategy, you need to test it. One of the most reputable testing software is Forex Tester,  Download Free Trial;

VPS

ForexVPS 

If you’re looking for the VPS hosting service with the lowest latency in the industry, ForexVPS is the company to choose. Therefore, once you purchase your expert advisor, consider using itForexVPS Logo

Good Luck!!

Joshua Walker

GEM – Global Extra Money Editor