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I was given this excellent question by a customer of mine via email today…
“What is one technique(s) that is/are consistently profitable for forex trading?”
In fact I’d be willing to say that probably this question goes through the mind of every retail forex trader (who has not been trained in an institution) in the evolution of their forex trading career.
The answer I gave to the email reader was this:
We will cover that in the first issue of my newsletter http://www.fasttrackforex.com/letter
Start by believing that such a method exists.
Read my blog to get some idea of where we might be going, also.
The truth is that if you put yourself back in to the equation and rely on this incredible person that you are, with your amazing biocomputer (your brain) and all the information you have already gathered, and you decide that you are going to find such a system of trading, develop the discipline, patience and persistence, no matter what, develop the mindset of winning, or commitment, of breaking through, you are going to probably succeed one way or another.
Ask questions every time you trade, no matter the result. What can I learn from this? How do I really feel emotionally? Did I listen to my authentic intuition or did my greed glands overide my common sense? Did I get certain, or did I take too much of a gamble?
Get a good forex mentor, someone who you can feel empowered by and go to work. Go back to your mentor if you fail and take 100% responsibility yourself, don’t blame others, don’t bitch and complain. Move forward, get yourself right and I truly believe you will find a way to win consistently.
One of the articles in THE Forex Letter will cover the psychological aspects of trading. It will cover the art of discipline, patience, persistence and clear thinking.
We will also be looking at how you can adopt and own your own way of building forex capital through disciplined and successful trading, so that you can have the confidence that this market is not ruled by a devil who wants to steal your cash by defying logic, but is a holistic entity of itself, with a mind, which you can listen to if you’d only be willing.
Well, may be I’m trying to be too philosophical about this.
If you join my coaching program, I will show you step by step what works for me. What you’ll find is that making money can be simple when you start understanding how the market works and how to listen to what it is telling you.
Take a look at my post below regarding the Euro and refer to your hourly chart for the same date and you’ll see what I mean. This is listening to the market mind. It is forming a trading plan before you go to your charts, before you enter a trade. This is using knowledge that works, and not following some total crazy madness like in a course I bought last week - well presented and produced, but really, really bizarre method.
You’d do better putting a bucket over your head and randomly pressing your mouse button over your brokers window to get trades then closing out at the end of the day!
I’m not going to mention names. Like I said, I’m sure that ALL the courses out there are designed to help people and probably do help traders a lot.
I still haven’t answered the question…well, what would the $10,000 seminars be for if I did that in a few lines?
Happy Pip Hunting,
Sam
