Psychology

A trader’s biggest enemy and the most significant roadblock on the way to become a consistently profitable, successful currency market player is his or her own mentality. After more than 14 months of live service it became clear from subscribers’ feedbacks that even the best forex signals and the best coaching would not be sufficient to reach the expected results if the right mentality is not in place. A trader’s style, personality and mental traits play the biggest role in reaching good trading results and becoming very successful in trading the forex market.

Some of the most common mistakes are:

1. Ignoring attitude
Most subscribers do not read the content of our website, not even the Users’ Guide. Therefore they have no idea how to apply our signals appropriately in real-life trading.

2. Impatience
It may take significant time   -  up to several months  -   for a signal to run it’s whole life-span. We provide long-term signals. In normal market circumstances a trend needs sufficient time to travel a distance of several hundred  -  maybe thousand or more  -    pips. One of the most important rules of being a successful trader is to let the profits run and be able to sit tight patiently, waiting for the anticipated trend to unfold.

3. Position sizing
Sometimes a trend turns in a second, but typically it is a lengthy topping or bottoming process. Near the top  -  but most frequently prior to it   -  our system starts to generate signals indicating an imminent trend turn. This would result in multiple sell or buy signals, day after day, with higher and higher Signal Strength Rating as we are nearing to the turning point. Do not enter at the first signal with full position size! The full position is being built up gradually during the topping or bottoming process. You have to save buying power for next day’s signal(s), should there be any, and maybe for the following days as well. Never oversize your positions!!! Rather, trade only micro lots if you don’t have a substantial margin equity to trade a mini or standard lot position size. Even the full position size should not exceed in any currency pair 1% of your total capital. It may take several months, maybe even a year or more, to build up a significant account balance this way, but this is the safe way. With inappropriate position sizing you can lose 50% of your startup capital very fast and easily, and then you’ll have to make 100% profit just to return to square one. With cautious and appropriate position sizing you can save yourself all this pain and you’ll sleep well.

4. Risk management
In most cases this means neglecting stoplosses or inappropriate placing of stop orders. Do not use too tight stops, otherwise most certainly they will be taken out and you will be left with, albeit small, realized losses, when the market moves then into the anticipated direction – but without you. Nothing can be more annoying than this. The next mistake in such a situation is chasing the market and entering into position at a more risky price level, exactly at a point where a temporary correction or a retracement begins. Your trading capital can be decimated very fast through committing such mistakes. The prudent way is proper position sizing and the use of so-called disaster stops, approximately 300 pips away from the entry price level.

Our system is a very profitable and very effective one, but even the best system and the best signals would not deliver the expected results if they were sabotaged by the trader’s own psychology. We are continuously working on making our system "foolproof". In the real world there are very few good traders who can make extraordinary results with our system.  There are, however, a lot of average, inexperienced and impatient traders driven by fear and greed. We are trying to shape and streamline our system that even such inexperienced users of our system can make decent profits.

Do not make the same mistakes!

Don’t be your own enemy!

Don’t sabotage your own success!

Be patient, trade our signals, follow our guidelines and instructions, and you will be a consistently profitable, successful forex trader – GUARANTEED!

However, if you still believe in fairy tales, such as 100% accurate forex robots or online courses that are supposed to transform you from a novice to a professional forex trader in just a couple of days or weeks, our website is not (yet) for you.

Transform your way of thinking!

Besides respecting the basic rules of forex trading, it is important to transform your thinking in a way a trader sees the world and the markets. If you expect to replace your regular job and your monthly paycheck with the income from currency trading, be aware of the fact that trading profits are not consistent. You may have weaker months, you may have losing months  -  even with our service   -   and you will have highly profitable months when the markets make really big moves in your way. After a year or so it may turn out that you made several times more money with our signals than what you made in your regular job, but you will never have the feeling of security that you can count on the same paycheck month by month. Trading profits are no calculable income  -  always keep that in mind.

We provide long-term swing and position trading signals. We cannot emphasize this fact enough. If you are a quick-firing scalper or daytrader, you may not find this service suitable for your personality and your trading style. If you are an adrenaline junkie who needs daily action, don’t subscribe. Our system typically generates 20-30 signals per month. The fact that we don’t flood your mailbox with useless signals every day doesn’t mean that we don’t work hard enough for the modest subscription fee we charge for our service. We continuously analyze the markets, adjust our system to ever changing market conditions by "teaching" our Neural Network system. There is no such thing as mechanical systems that perform well in every market condition, let it be bull, bear or sideways markets. The users of such systems learn this the hard way.

Most of our subscribers are beginner or amateur traders with regular jobs who want to create a secondary income stream or improve their finances by trading forex. Our signals are an excellent tool to do that. Trading our signals should not need more than 1-2 hours of your time per month. All you have to do is check your mailbox once or twice a day and then spend 5-10 minutes managing your account, opening or closing positions or managing your stops. But also full-time, professional traders can use our system and trade our signals to improve their performance, of course.

If you have doubts regarding our system’s performance, check out the Performance Review, Statistics, Screenshots and the Charts sections of our website. All the proof you find there should give you enough confidence to trust our service and our signals.

The Tale Of The Two Wolves

One evening, a very wise, old Indian chief was speaking with his grandson about life, telling him about the internal battle that goes on inside all people. He said:

"My son, inside all of us there exists a constant battle between two wolves. One wolf is very evil. It forces you to deal with anger, envy, jealousy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority and a self-centered, destructive ego. The other wolf is very good. It helps you to experience joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion, faith, self-respect and to develop a giving, constructive ego."

The grandson thought about it for a minute and then asked his grandfather: "Which wolf wins?"

The wise, old Indian chief replied: "My son, the one you feed."

(Jared Martinez: The 10 Essentials Of Forex Trading)