Welcome to the BECOME FOREX KING TRADER Trading Course. This trading course should help you learn the methodology of the best and most effective trading techniques to harness and capture consistent results in the FOREX markets. Consider this like market analysis on steroids.
This trading course, combined with the CDs, should help you learn in the most effective fashion, by re-reading and continually studying this material, these study tools will help you change the way you trade and leave you with a specific set of rules with knowledge on when to enter a position, how to Identify a trade setup, a trigger or entry execution order, and how to effectively place a stop and when to exit a trade without hesitation.
Most successful traders live by the adage, “Buy Low & Sell High’ really great traders also know when to buy high and sell even higher. The best traders in the world also take advantage of short selling, which is one aspect that draws so many skilled traders to the FOREX markets; they can sell short at extreme price highs and buy back at lower prices. Whatever your method is, the results need to be profitable or your career as a trader will be cut short. Whether you are a position trader, swing trader, or the more popular, day trader, the key is to try and capture a portion of a price move in order to generate a positive cash flow (make money).
A trader’s search for discovering a method that generates consistency in positive results is the primary goal and should be a continuous learning event. There is one common feature among successful traders, and that is, many of them are prepared before trading and have a formulated game plan.
The techniques in this course can be applied to other markets, but this is a special version, that specifically targets the FOREX markets.
I will teach you a trading system so that you develop your own personal program and then follow with that plan. I find that using these techniques and the information taught in this course will help you to effectively anticipate a potential resistance or support level which will give you an edge in the market, both for entering and exiting positions. Blending the strengths and characteristics of Candlestick chart pattern recognition with Pivot Point Analysis is what I have been teaching private investors, professional traders, and other leading educators. Many methods have been introduced to traders including my methodology, but the one constant that has not changed is human emotional behavior. In order to master trading, people need to control their emotions. After all, the markets are simply a reflection of these emotions. Fear of losing money causes market prices to head lower as people sell, and greed from missing an opportunity causes market prices to move up as people buy, trying to catch a free ride. Famed trader, Jesse Livermore, portrayed in the book titled, Reminiscence of a Stock Operator was quoted as saying.
“There is nothing new on Wall Street or in Stock speculation. What has happened in the past will happen again and again, and again. This is because human nature does not change, and it is human emotion that always gets in the way of human intelligence. Of this I am sure”
This is one statement that was written nearly seventy years ago, it is as true today as it was then. The only difference is that Jesse Livermore did not have the FOREX markets available to trade back in those days. Jesse was considered the world’s best speculator back in his day. Speculating is what we are doing when we are trading in the FOREX markets; therefore I felt the obligation to
share these comments with you. Another comment that is very relevant for traders to remember is this one:
“All through time, people have basically acted the same way in the Stock and commodity markets as a result of greed, fear, ignorance, and hope: that is why the formations and patterns recur on a constant basis. “The patterns the traders and technicians observe are simply the reflections of human emotional behavior”.
As a FOREX trader you are looking at technical analysis to help capture profits from a movement in price. Therefore, it is imperative that we understand how and when a market moves and what signals or patterns give us a clue for a directional price move. There are patterns that recur consistently and these are what I plan to share with you in this trading course; I will also discuss methodologies on trade management and risk management to help you when an inevitable trading loss occurs.
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