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Combining Forex Training With Forex Signals – Genius
Posted by: | CommentsLet’s be honest, learning to trade Forex is not as easy as we would like it to be. Most things are harder than we want them to be if the have to the potential to make you as much money as Forex trading. But do you have to abandon your dreams of a better life through trading? Definitely not!
One of the things that determines your success is how you learn. But regardless of how you learn to trade, there is one common problem that keeps coming up. While you are learning, everything makes perfect sense. However, when you try to apply what you learned under live market conditions, things quickly fall apart.
This gap between learning and applying successful is the reason many people get caught in what I call “the learning loop”. They prefer to be in the learning process because what they are learning is full of possibilities. But as soon as they find they cannot apply what they learned easily, they go back to the learning process where everything seems to work perfectly. Sometimes for years, this jumping from one system to another can go on without ever learning anything they can apply for real profits.
But don’t worry, there is a way you can learn a successful trading system AND apply it under live market conditions for real profits. You’ll probably kick yourself when you see how simple this is. The simple solution to get out of the “learning loop” is to combine Forex training with Forex signals. (I came to this realization while doing Best Forex Signals Reviews).
Just think about what an advantage having BOTH Forex training from a real trader and Forex signals created by that same pro trader using the system. You would not only get an in depth understanding of how the system is supposed to be used. But you would get signals to place real trades based off the method. This would give you the opportunity to gain real experience using the system while you profited for your mentors signals.
Here is an example to drive this point home.
The 10Kto1MM Forex Formula and Signals, taught by well respected trader Henry Liu, is a perfect example. Henry’s system is unique in that it is the combination of Forex News Trading and Forex Technical Trading. But he is just not providing the training in DVD’s, bi-weekly ongoing training and weekly market analysis reports. He is going to attempt to trade a $10,000 live account up to 1 million, and provide SMS signals for every trade he is taking.
Do you see what an advantage this combination of Forex training and Forex signals is? You can learn the system Henry Liu is teaching. But when it comes time to apply it under live market conditions, you are not left to figure everything out by yourselves. You can place the same trades as your Forex mentor and gain real experience to fully understand the system and be able to apply it successfully in the future. (Plus this gives you the ability to earn while you learn just by placing trades based off the signals).
I think we have all found that the Forex systems you learn are harder to apply in the market than we would want them to be. And even though the system works perfectly for the trader that created it, we might never get it to work profitably. But the combination of Forex training with Forex signals allows us to not only learn the trading system, but to immediately start using it for profits. In my opinion, this combination is nothing short of genius.
The 10Kto1MM Forex Formula shows you how to trade the news with technical analysis for highly profitable trading in as little as 3 hours a week. And Henry Liu puts his money where his mouth is by not only teaching you this system, but providing Forex alerts for all his live trades as he attempts to trade 10K to 1 million.
Turn Forex Stop Hunting To Your Advantage
Posted by: | CommentsA lot of Forex traders don’t trust their brokers. And don’t get me wrong, you should investigate your broker before giving them your money. The biggest complaint that befuddles me is the claim brokers hunt stops.
Traders think if they place a stop loss with their broker, the broker will use this information to move price and take them out of the trade. The reason many traders think this is because it happens so often. You place a trade and your stop loss… then you watch price move against you to take you out of the trade before moving in the original direction.
Yes, this is very frustrating. But I think your anger is directed toward the brokers instead of the traders really responsible. I don’t think it is the broker hunting your stops… but the professional Forex traders. (After all, most of us are not trading accounts that matter in the big picture… so it is a little egotistical to think the broker cares about our puny trade). Here is a more logical explanation of what is going on.
Here is an example of why stop running happens. You, the novice at home trader have identified a good level to SHORT a currency pair. You place your SHORT trade and put your stop loss in a logical place… the last swing high. And things seem to go your way… until Price reverses direction and takes out your stop!
Well, the big traders also identified this area to go SHORT, but they don’t want to enter a trade that is already started. Therefore, they push price UP, knowing most people in the trade have their stop losses above the last swing high. Then they go SHORT.
Here is what this accomplishes. They get into the SHORT trade at a much better price with much more profit potential. Since they know the market wants to go short, they can create momentum by taking out the stops of the traders already in the trade… knowing they are going to jump back in when price falls again. This is how the professional traders can get into the move at the beginning and make profits faster.
I hope you can see that stop running is not really about just you and your broker. Professional traders use this technique to make more money. I think it is shortsighted to focus on the brokers and more accurate to focus on the professional Forex traders.
This is just one example of how learning price action Forex trading can give you insight into what the big Forex traders are doing. They are, after all, the ones moving the markets. Price on your chart gives you insight into what they are doing and which way they want to trade… which you can use to trade WITH the pros, and not against them.
So, stop looking at your broker as the cause of your stops being taken out. That is unproductive. Learn to identify what the big traders are doing and turn stop hunting by the pros to your advantage. The next time you see a perfect trade setup that reverses to take out the previous swing high or swing low… don’t get mad, get into the trade when the pros do!
To learn the stop running trade setup, go here: Price Running Setup. And if you want to learn more about price action Forex trading and how to read price, this is good:Price Action Forex