Lost In Forex And Made All Money

Lost in forex and made all money

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My friend Peter just blew his account.

After spending $15,000 on Forex courses, $10,000 on coaching, and losing $5,000 to a scam broker (InvesttechFX) – he was ready to call it quits.

After all of that, he decided to give it one last try.

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He bought an Expert Advisor (EA, also known as a trading robot).

After 6 months, boom… his trading account was gone – again.

“I am just stupid! Bloody stupid.” he told me.

However, Peter didn’t understand that itwasn’thisfault.

He wasn’t “stupid”.

He was being harsh on himself. It wasn’t his fault for believing marketers and people with their “track records”, MyFXBook results, and hundreds of testimonials.

It is hard to resist.

Upon closer inspection though, it was obvious to me that this would never have worked.

Do you really think Warren Buffet relies on MyFXBook or a MetaTrader 4 account to make his buying decisions?

Do you think that anybody in the City of London or Wall Street make trading decisions based on that?

Of course not.

I do have an unfair advantage though.

I spent 23 years on Wall Street trading wealthy client accounts. The last 13 years have been spent trading for myself.

During that time I have seen a number of miracles happen.

One of my biggest wins early in my trading career was a trade in 1982.

I started with a paltry $8,000 to my name and I used it to buy silver on the futures exchanges.

As it turns out my analysis was spot on, and I ended up running my $8,000 account to a little over $280,000 in only 30 days.

Since that time I have modified my trading strategy  – slightly.

After 120,000 trades, 1,200 trading accounts, and 8 Wall Street Firms – I am going to give you an exact guide to walking away with 4 additional winning trades per month and avoid losing your shirt – like Peter did (I’ll tell you what happened to him in a minute).

Before you read this article you must agree to the following statements:

  • There’s no magic pill.

    The markets are full of sharks and they will eat you alive.

    How To Never Lose Money In Forex

    You need to stick to simple and sensible rules.

  • The Forex systems and robots churned out by internet marketer’s are laughable. – especially if you think that’s how they make money on Wall Street. And trust me, they DO make tons of money.
  • Forget about making 20% per month.

    That’s how poor people think. I’ll let you know exactly how much you can actually make later in this article.

Now, if you agree with all of those statements then I salute you.

Lost in forex and made all money

If you disagree with any of them, then close this page right now.

Still here? Good…

You are part of a small group of people who can separate reality from outright dreams and lies.

And for that reason you will understand the words in this article better than anyone.

I don’t have time for ‘internet traders’, the ‘Forex forums’, or any other breeding ground for newbies who pretend they really know how the markets work – and neither should you.

This article is going to be simple.

I am going to show you how to get 4 – yes, just 4 – additional winning trades every month.

Don’t be fooled by the goofy EA developers and internet marketers out there.

Having 4 profitable trades per month is more than enough to push you into the big boys club.

You can make more, but my aim is to get you started with something consistent.

Once you’ve got that mastered you can increase your output.

Why you won’t make a dime from the information contained in this article

Most people reading this won’t make a single dollar.

Not because the content sucks – I believe it is some of the best trading tips in the world.

It is because people are lazy and don’t implement what they learn.

It is because people lose their shit and take too much risk.

And it is because you might not be able to handle my style.

My past results really are no indication of you making any money whatsoever.

You might simply not have what it takes. However, there are a small percentage of people who do. And by following the rules you might be one of them.

There are no guarantees.

So read carefully and make sure you examine every word on this page as if your life depends on it. Because it might just change it forever – if you have what it takes.

#1. The last opportunity for major profits in the Forex market

Have you ever been stopped out of the trade, just for it to change direction immediately?

Do you ever feel like every decision you make is the wrong one?

There is this big lie out there that hundreds of thousands of Forex traders believe.

And you may have believed this too at one point.

“The Forex market is the most liquid market in the world and therefore it cannot be manipulated“.

That is plain wrong.

Governments have been cracking down on big banks because of their manipulation of a whole host of markets.

Check out this article on the BBC:

Have a look at this chart they supplied:

Have you ever been knocked out of a trade that just seemed totally random?

Well, chances are somebody rigged it.

And chances are… you didn’t confirm your trade with a “2-pattern overlay”.

Why Do Many Forex Traders Lose Money? Here is the Number 1 Mistake

More on that in a little bit.

You and I are small fish who are competing with much MUCH bigger sharks. Sharks who know the waters better than you do.

I used to swim with them.

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Merrill Lynch was only one of 8 companies I worked for on Wall Street. They did NOT take prisoners.

There are entire teams who’s job it is to cheat the system.

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And those are some of the brightest minds in the world from the best universities in the world.

You have to accept that you cannot beat them.

That’s why, what I’m about to reveal, is the very last opportunity to profit in the Forex markets.

Forget scraping a few pips off the charts.

Forget taking daily pivot trades, or “snipers”, or FAPTurbos, or whatever else these idiots are selling these days.

You have to stick to simple daily trades that unfold over a period of days, weeks, and sometimes months.

By riding the wave on a boat, you’ll be safe from the sharks on Wall Street.

If you want to get all 21 of my Power Strategies then click here and I’ll email them to you.

#2.

How to dominate a currency with profitable trades

That’s a lie.

Lost in forex and made all money

You can never ‘dominate’ a market. That kind of thinking will get your account murdered.

However, you can put the odds severely in your favor by doing one thing.

You can use a simple “2-pattern overlay” before entering a trade

I’ve been using this since the 80s and it still works better than anything.

One million dollar client at EF Hutton & Co (another Wall Street company) dubbed me the “2-pattern wizard”.

Every time I used it he knew he was about to make enough cash to buy another house.

All you do is look for a minimum of two chart patterns to “confirm the trade”.

Now, that doesn’t mean you confirm an entry.

You simply confirm that you potentially want to take a trade.

Here’s an example from one of my trades:

I saw a triple “core support bounce”, and then a simple overhead resistance.

Lost in forex and made all money

(If you don’t know how to spot price patterns then don’t worry… I’ll get to that).

DON’T jump into the trade just yet – it isn’t that easy.

You still have to know when to enter. I use a very specific ‘trigger’ that usually means the market is coiled like a spring, ready to burst in the right direction.

Keep reading and you’ll learn all about it.

#3.

Lost in forex and made all money

Use this simple trigger

Most newbies would simply jump into the trade because they saw a “double bottom” or some other pattern.

You and I know better.

You have to wait for the market to form a coil.

There are several different types of market “coils”, however the one I’m about to reveal is the easiest to spot and tends to give me better results.

It is called an “inside day bar”.

So, looking at the daily chart I would wait for this bar to form.

Here’s a real live example from a trade I took a while ago:

Two inside day bars were the beginning of a nice coil.

Here’s another example:

#4. Have a tight stop loss and await the coming burst in movement

Remember that silver trade I told you about in the 1980s? It was my first big win.

Even though I turned $8k into $280k the risk was minimal. I did that by scaling into a rocketing market. Despite what people say… NEVER do that.

Not until you understand the true risks involved.

It can take a heavy psychological impact on you.

I once saw a guy at Commodities Corp (now a division of Goldman Sachs) throw his computer across the room because he leveraged his position by scaling in too much.

Theres no need to do it.

Simply stick with what I am about to reveal and you could walk away with a handful of winning trades each month.

Keep the initial stop loss tight, and then keep it loose…

The initial stop loss is very tight.

Why Does the Average Forex Trader Lose Money?

I anchor it close to the previous bar.

If you’ve established the correct price action and trigger bar, you should see it shoot off in the right direction.

Only 1 out of 2 trades tends to linger around. If they turn, then it means the trade is a dud and your stop loss will kick you out quickly.

However, when it goes… it goes.

Here’s an example of a good trade I took.

I made a fat 5.2% in about one week.

This example shows how it immediately jumped in my favor.

That means I spotted a good coil.

By the way… those are actual trades. My trading platform marks them with those little circled arrows.

Here’s another example:

EURGBP immediately jumped after a trigger coil for a 2.5% gain in just one day.

I don’t usually exit trades in the same day, however, 2.5% is a lot of money in my world.

You don’t often see 2.5% days.

If everyday was like that my account would grow by a billion every month.

So when it happens… I take it.

#5. Exiting the trade for a fat profit

This is how you get 4 additional winning trades.

If you get the coil right.

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Your trade should shoot out of the block like Usain Bolt.

This allows you to have a tight stop loss. It puts you in a great position to make huge gains with a tiny risk.

If your stop loss was far away from your initial entry then your risk would be greater and you’ll have to reduce your position size.

Therefore, I would recommend a hard and fast 3:1 risk reward ratio.

If your stop loss is 35 pips away, your profit target will be 105 pips (three times the stop loss).

Now, admittedly I use a way more complicated process for my exits.

Not Adapting to the Market Conditions

I could write an entire book on it.

However, when I looked back at my last 300 trades, I noticed that if I used THIS exit strategy I would still have made a great return.

It is simple and it takes psychology out of the equation.

#6. How to ‘never’ lose

I learned this while working at Bridgewater Associates (they manage about $170 billion) from a funny looking Irishman.

Back in 2011/2012 I forgot this rule and I duly got slaughtered.

There is a story inside of the book ‘Marketing Wizzards’.

It talks about a great trader who locks himself in a room with no distractions. No windows. No TV. No Computer.

He has his assistant bring him his chart-book without the instruments named.

So he doesn’t know if he’s trading pork bellies or gold. He doesn’t care.

All he cares about is the price and the fact that he has no distractions.

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It means he ‘never loses’.

My rule gives me the same sort of piece of mind.

Before I let you in on it you must know what I mean by ‘never’ lose.

When you lose a trade – you aren’t ‘losing’. It is simply part of the process. It is the equivalent of a business expense.

You will always lose trades. However, when you lose your mind and you don’t follow your own rules.

That’s when you truly lose.

So here are the exact rules you need to follow to NEVER lose, always stick to your rules, and always win in the long run.

Do not share your trading results

I did once.

10 Ways to Avoid Losing Money in Forex

And only once.

It was a huge mistake.

All of the sudden I was answerable to thousands of people who happen to stumble across my profile. This doesn’t work when you are a trader.

I lost focus. I kept fussing about whether a trade was a winner or a loser. I didn’t focus on whether it followed the rules or not.

As long as you follow the rules… you are winning.

When you don’t follow the rules – you are losing (even when you make a profit).

Systems and routines are the only thing that make you profitable in the long run.

It is the only thing that’ll protect you against the sharks.

So whatever you do – don’t share you trading results.

Not even with your husband or wife.

It’ll put external pressures on you.

Don’t even mention a winning trade or a losing trade.

Percent of All Trades Closed Out at a Gain and Loss per Currency Pair

Simply tell them you’re winning because you followed the rules.

#7. How to make $1m from trading

Do you want to know the real secret?

The one that most people ignore, because they don’t really take their trading seriously?

Well, it is a system of recording and documenting your trades in detail.

I call it a trade journal. Super original right?

Every single time I am about to take a trade, I stop.

I take a snapshot of the chart, I write out my analysis (the reason WHY), and then I enter the order.

90% of my orders are pending orders, which means they only enter when the market reaches a specific price.

This is an example of three pages inside of my journal.

By doing this with your trading you’ll be able to get a lot more focussed.

When you look at the markets you will feel excited.

You will get a rush of adrenaline.

Stop. Take a deep breath and start recording the trade before it happens.

It gives you the breathing room you need to make rational decisions. It helps you to be a winner every time by following the rules.

If you want to receive my 21 Power Strategies then click here and I’ll send them to you.

Seriously.

Get my journal. It’ll show you how you should structure yours for maximum results.

You’ll also get a better feel for the way I trade.

#8. Past trading results on MyFXBook will drain your trading account

This is the biggest difference between the Wall Street traders and normal folk.

On Wall Street – we know that past results don’t mean anything.

They really are no indication of future performance.

Even if the results are third party verified.

Think about it. How many times have you bought a system or a program based on their past results?

And… how many times has it worked out?

Now you have two choices

I should congratulate you.

You’ve read the entire article.

However, this is just the start.

Lost in forex and made all money

You now face two choices.

Choice #1

Forget what I told you and keep doing what everybody else is doing.

It is easier to follow the herd after all. Some of the things I talked about aren’t easy. Some of them are plain boring.

Yet this is what it takes. And I think you know that, which is why you’ll probably go for…

Choice #2

This is the choice smart Forex traders go for.

You grit your teeth and follow the rules.

So that you can finally break away from the ‘internet herd’ and actually start taking pride in being a trader.

Lost in forex and made all money

Don’t fall into the same trap as Peter.

Be the person that “actually makes money”. How nice would that feel for a change?

I’ll help you out by giving you my 21 Power Strategies without asking you for a dime. Just let me know which email address I should send it.

Click here to get my trades.