Forex Trader Training - What Went Wrong Early On And How It Affects You Now
Do you ever wonder what went wrong at the beginning of your trading career that is making things so bloomin’ difficult now?
I expect you do. I hear it quite regularly from new clients.
Because you see, if you have been trading for a while and are having a tough time making headway toward your goals, it is important for you to realize that your early days as a trader very likely still impact your present day trading.
It was what happened in the beginning, because those events and experiences shaped you.
They strongly affected how you feel and how you respond to many things in your trading.
The perspectives, attitudes and associations that were established then are still with you today, even if only on a subconscious level.
That’s why it is SO important to become aware of what was really going on, so that you can become consciously aware of how what happened then may be affecting you today - so that you can take conscious action to move beyond those obstacles.
Because it is important to you, I am giving you an extra incentive for 4 days to discover what was happening back then by holding a “What Went Wrong Sale”.
I’m giving you a 33% discount off “The Subtle Trap of Trading” - but only for the next 4 days. Yes, this is to prompt you into positive action so that you will realize benefit.
Simply use the coupon code MAY32010
This “What Went Wrong Sale” lasts only through Monday May 3, 2010, so act now and save some bucks!
Discover what went wrong at the beginning of your trading career that is making things so tough now. Raise your awareness and then make progress!
Enjoy the book and have a great weekend!
Cheers
Brian
“The Trading Turnaround Coach”
P.S. The Subtle Trap is a intentionally a fairly short read - not some 700 page book that will make your brain hurt. It is concise and straightforward, so that you can get through it and realize the benefit! On top of that, we’re only talking about what it would cost you for a decent lunch with a friend.
Discover what went wrong right now!
Day Trading Forex Currency - Consistent Profitability Fast and Sensible
Filed under: day trading forex currency, free trading education
Do you want to know the SUREST and fastest way to get consistently and reliably profitable in trading?
No joking or kidding around and no B.S.
It’s not a secret, but so few people realize its power and capitalize on it that I felt compelled to clarify matters.
You see there is ONE trading wisdom in particular that holds the true key to getting profitable quickly and in a RELIABLE manner.
Note the key operative word in that sentence above: RELIABLE
You don’t want to gamble or waste your hard-earned money, do you?
You don’t want it to take any longer than absolutely necessary to get your trading consistently profitable, right?
Well unfortunately that’s what most traders do because they fail to heed the advice of the ONE trading wisdom that stands above the rest.
They don’t have the knowledge or experience prior to trading to fully understand what it means let alone to really make it happen.
Here is where I’ll share the ’secret’ with you.
When you started trading, you may not have realized that you were doing something much more than just entering into an activity to make money, you were investing in and starting your own trading business.
Any activity engaged on a regular basis for profit is a business - and this includes trading.
If you look in the dictionary, you’ll find “Entrepreneur” defined as “someone who organizes and manages a business undertaking, assuming the risk for the sake of the profit.”
All traders are business owners and most traders want to be entrepreneurs, but don’t really know HOW TO BE entrepreneurs for several reasons:
1. They’ve never PLANNED a successful business before
2. They’ve never STARTED a successful business of their own before
3. They’ve never MANAGED a successful business of their own before
When you hear the trading wisdom, “Treat your trading as a business” this is what it really means.
On top of that list is the BIGGEST SINGLE ASSURANCE OF SUCCESS you can ask for: planning the business - BEFORE starting it!
There are two easy ways to illustrate the importance of these notions.
2. If you go to ANY angel investor, ANY bank, ANY venture capitalist, and ask for them to invest in your business, no matter what it is, if you don’t have a business plan, they won’t give you a cent!
They know from experience how absolutely critical it is to the success of the business to have it properly planned out and organized.
At the same time, LACK OF A BUSINESS PLAN IS THE MOST COMMON DENOMINATOR among failed traders as well as failed businesses.
Trading CAN BE a great business to be in, if you attend to it sensibly.
There are advantages to trading that you won’t find in any other business.
The key is to treat your trading as a business, a real business, if you want to have it be a RELIABLE business.
Now if you have already started trading and haven’t given yourself this MASSIVE advantage of properly planning out and organizing your trading business, then there is no time to waste.
Click here to watch a short video on trading as your business
Cheers
Brian
“The Trading Turnaround Coach”
P.S. Another HUGE benefit of treating your trading as a business is that it lowers your stress level tremendously while shifting the odds of success substantially in your favor.
Watch the video and gain the edge you’ve been looking for!
Day Trading Forex Currency Training - Delphi Webinar Starts In Just a Matter of Hours!
NOTE: I want to GIVE YOU a FREE 30-minute consultation! Check out the P.S. to find out more!
*****************************************************
Get Ready!
After nearly 10 days of FEVERISH anticipation involving over one hundred Eighty Seven Thousand traders from all over the globe…
Tomorrow is the day that thousands of traders have been waiting for!
*****************************************************
Delphi Is Going Live at exactly 3:00 pm EST,
Wednesday April 21st!
*****************************************************
And I want to let you in on a little 2 part secret (ok, it’s actually a HUGE secret).
1) Jason has told me he’s NOT selling many copies at all (I’m talking a far more limited release that you’ve likely ever seen before in a new product release).
And when they are gone, you won’t be able to buy one…
Period.
(And these guys are dead serious about that).
2) There is a way to assure yourself a copy and at the same time learn a ton about scalping at no cost to you…
By attending the live webinar tomorrow, you’ll not only get direct access to Jason, but you’ll also be granted a “first in line” backstage pass to be able to own Delphi without the worry of a quick sell out.
Click here to register for the live webinar
On it you’ll discover how Jason averages a 70% win ratio, with Delphi, trading an average of only 90 minute per day.
AND, how YOU can master the system that’s been touted the “one of the best new trading systems of the year” in just 1-2 sessions! (The system actually gives you ALL of your entries and targets in advance)…
**Plus, just for attending, you’ll also be eligible for an extra $500 crazy special bonus!
So drop by and see what it’s all about, it’s going to be WELL worth your time to listen to Jason.
Click here to register for the live webinar
And if for any reason you can’t make it, make sure you’re ready at 3:00 pm EST on Wednesday - or it may be too late!
Click here to register for the live webinar
Cheers
Brian
“The Trading Turnaround Coach”
P.S. This is a rather amazing program - and when the time comes that you can actually GET the Delphi system, if you get it through MY link, just email me the receipt and I’ll give you a FREE 30-minute consultation!
Register right now to get in on the FREE live webinar that begins at 3 p.m. EDT
Trader Training - How to Remove a Primary Cause of Inconsistency From Your Trading
Filed under: day trading forex currency, free trading education
Consistent profits is
what you want from your trading, not the other way around, right?
The mistake that many traders make is thinking that if they can ‘just
be more disciplined’, then the problem will be solved, so they seek out
resources on ‘Trading Psychology’.
Now there’s nothing wrong with that, but I’ve found that many are
thinking that the problem is a psychological one, when in fact there are other
contributing factors to the inconsistencies.
Factors that can be directly and immediately acted upon, and do NOT
operate on the presumption that you have ‘psychological issues’.
They are in truth very simple and practical matters.
Let’s look at an example for illustration of just ONE of these
addressable factors.
An Example.
Imagine that the company where you work just got bought out and you now have new management to whom you report.
You are told that the company now has a different philosophy, so there
will be some changes in the day-to-day manner in which things are done,
which include such items as,
- you have a new schedule with different hours. Instead of 9-5
with an hour lunch, you will now work 7 a.m. to 11 a.m.and then from 3
p.m. to 7 p.m. - the computer system is being updated with new software.
- the operating philosophy is changing from longer term thinking to shorter term, and from moderate to more aggressive in nature
In come the new procedures, instruction manuals for the methods and software, and you get busy.
It takes a few weeks and a fair amount of extra hours, but you are
getting used to the new ways of doing things and finally starting to
settle in and being able to get a decent day’s worth of results in.
And then it happens - again.
Upper management has just ‘discovered’ that there is a newer, more
profitable philosophy, strategy and method that they have decided to
implement.
And with it come changes to: your hours, your software, your methods, etc.
So now you go through the whole cycle of implementing change again,
trying sincerely to get to the point where you can just come in and do
your job, do it efficiently and well, and then go home at a decent hour.
After several weeks of extra effort and considerable expense by the company…
… they do it again.
The question.
So how consistent would you expect the performance and the profits to
be in such an operation over the course of a year? Probably not nearly
as good as if they had simply figured out where they were going with
the company from the start.
The problem is that when the only objective set out for the entire
company to go by is to “Make lots of money”, it is so easy to get
caught up in fads as they come along.
The Addressable Factor.
One HUGE inconsistency for traders (and general businesses) is jumping
from one method or system to another and changing direction regularly.
This is different from adapting to a changing marketplace. That is a necessary skill and action from time to time for survival.
We’re talking about changing methods, systems, or even entire trading venues, just for the sake of “making lots of money”.
The addressible factor that creates significant inconsistency is…
But clarifying “proper” direction for a business is not exactly intuitive for most people.
There is a specific process and different sets of questions that need
to be answered in order to arrive at a direction that will serve your
trading business well.
It will also keep you on a consistent path, thus minimizing disruptions to your operation and wasted time and resources.
That’s why this is the first matter addressed in the Trading P.I.T. Club Training Program, getting clear on where you are going.
To put an end to your ‘jumping around’,
check out the P.I.T. Club Training Program
Cheers
Brian
“The Trading Turnaround Coach”
P.S. There are several factors that can be creating inconsistency in your trading. Today we looked at just ONE.
Don’t let these rob you of precious time and resources! Attend to them
and get on with good and consistent trading by enrolling in the P.I.T.
Club Training Program right now!
check out the P.I.T. Club Training Program
Psychology of Trading Forex - Getting a Handle on the “Trading Psycho” In You
Today I have an article from a colleague of mine which I felt important to share with you.
Enjoy and have a great weekend!
Cheers
Brian
P.S At the end of the article, you’ll find a link to a FREE video about 5 damaging myths about trading. Enjoy!
Get Hold Of The ‘Trading Psycho’ In You And Take Your Trading To A New Level.
Of course we aren’t Psychos! Nonetheless I want to direct your attention to the most powerful technology for producing positive changes in your trading. What’s that? NO, this is not a Whiz Bang indicator or new method. Each of us has this but few invest the time or manage this properly. What is it?
It is OUR MINDS!
That 6 inch space that rests between our 2 ears that leads and directs our every action. EVERYTHING you do in your trading EVERY DAY starts as a thought! And I’m here to tell you after working with traders for over 14 years, it is simply a GAME CHANGER when managed properly. Let’s look first at how we can optimize our minds through Trading State Management.
What is Trading State Management?
State Management is ESSENTIAL to successful trading. What do I mean by “State Management?” Quite simply, State Management is the recent trading events that can affect your Trading State. State Management focuses on the notion that how you FEEL affects how you perform. Losses can make it harder to execute entries, because you break exit rules and stop placement rules. Winners can take you on a euphoric ride of “I am super trader hear me roar!”…and lead you right into an impulse trade, death trap. This death trap can spiral faster than a politician retracting a provocative statement.
Your “State” refers to the psychological – emotional frame of mind and even your physiological condition. After a losing trade, do you find that you are slumped down in your chair? Is your breathing shallow? What about your internal dialogue? IS the dialogue defeating and negative, instead of positive and supporting?
Think RIGHT NOW for a second about your internal dialogue! That dialogue is the little voice that reprimands you after losses and tells you “AFTER THE TRADE” what you should have done differently! We can question our actions on EVERY trade when it’s over; however, these questions are not very constructive.
When was the last time you followed the rules of your trading system EVERY SINGLE DAY for a solid week? What’s that? You don’t have a system? NO trading plan? YOU NEED a structured series of ‘IF this THEN that’ statements which help bring quantifiable organization to what you do in the markets BEFORE risking your hard-earned capital.
When I bought my first system I was thrilled after seeing the back tested performance. I calmly ran test numbers in my spreadsheet showing that I had easily increased contracts. By the end of the year I was visualizing paying cash for that Benz I’d been slobbering over. Yet, I was crushed when after just 1 week my REAL numbers didn’t look anything like my tested numbers!
OF COURSE it was the system, the markets, the FED, my broker, oh…and also my dog that caused all of this and NOT ME! I quickly found those were all wrong answers and I didn’t follow the SIMPLE rules. I started asking WHY I jump out early, trail stops too tight and SKIP trades completely which keep changing the course of my research. Here is what I found:
The combination of the ‘Internal Dialogue’ and your ‘Outward Physiology’ all ABSOLUTELY affect your decisions regarding the next trade setup and thus your ability to execute your trading plan. Knowing this information places you FAR ahead of the game. When you are aware of something in your internal dialogue and physiology, you are able to address it, making the appropriate and necessary changes to affect positive outcomes.
Why is Trading State Management Important?
In the most obvious terms, managing your trading state will dictate the consistency in your trading. Whether it is consistency of execution, pattern recognition, equity growth, or positive mental health; TSM will put you in control over your emotions. These emotions have the largest impact on trading consistency. REMEMBER! The most powerful trading system out there is useless in the hands of a trader who CHOSES not to follow the rules!
The Most Important Element is YOU.
Your ability to recognize this as fact and then ACTIVELY work to MANAGE your TRADING STATE will be directly correlated to your long-term success in ANY market and in much of day-to-day life. Working with traders for the last 14 years - from the newbie to the 3-5 year veteran, proprietary trading firm and Hedge Fund traders - I have seen convincing and unmistakable evidence that those who accept these concepts have a SIGNIFICANTLY higher probability of long-term trading success when compared to those who continue the search for Whizz-bang Trading System #18.
Facts to Ponder
Jack Schwager, after writing two books (Market Wizards and New Market Wizards) in which he interviewed some of the world’s top traders, (36 of the interviews made up the 2 books) made the following statement at the end of Book 2; “Time and Time again, those whom I interviewed for this book and its predecessor stressed the absolutely critical role of psychological elements in trading success!”
When asked to explain what was important to success, Jack says, “The Market Wizards NEVER talked about indicators or techniques, but rather about such things as discipline, emotional control, patience and mental attitude toward losing.”
The message is CLEAR: The Key to winning in the market is internal, NOT external.”
Need more Proof?
Ed Seykota, an industry recognized trader and lecturer, once taught a college course in trading that lasted ten weeks. He spent the first week of the class teaching basic information about trading. He spent another week teaching the class Donchian’s 10-20 moving average crossover system.
However, he needed the remaining eight weeks of the class to convince the students to use the system that he had taught – to get them to work on themselves enough to accept the losses that it (or any other good trading system) would generate. So, we have concrete evidence from over 40 traders who cumulatively have earned BILLIONS of dollars in this business that we pursue every day telling us CLEARLY that long-term success in the markets is INTERNAL.
Yet, we as traders continue to invest our time and energy staring at charts and buying new EAs, going from live trading room to live trading room searching continuously. What if we just STOPPED the insanity and LISTENED to the obvious message from those who have done what we seek to do? They didn’t have a little success but rather HUGE and SUSTAINED successes!
That speaks volumes and puts me on a different path which changed the way I view the markets and trading.
By Todd Brown
The Trading Authority
Did you know that there are 5 myths many traders believe that severely hurts their results?
Find out if your trading is being affected,
Click here to access a FREE video about them
Forex Scalping Strategy - New 10X Method Videos Available
Filed under: day trading forex currency, forex trading strategy
If you think scalping is only about grabbing a few quick pips, think again…
IF you’re using the Delphi “advanced” strategy to trade with.
In fact I just watched a video that I have to admit, was nothing short of HIGHLY impressive.
And I’m not impressed easily.
What makes this video different is exactly HOW it clearly shows that you can take a smaller scalping trade of 10+ pips and turn in into about 100 pips…
With absolutely NO additional risk!
Now that’s something worth paying serious attention to, especially if your trading system shows you exactly how to do that.
After watching the video it’s obvious -
Delphi shows you exactly how to do that.
Go see how, it’ll likely impress you as much as it as it did me.
Cheers
Brian
“The Trading Turnaround Coach”
PS: Once you watch the video you’ll notice there are a couple other short videos on the same page which show even more of the system in action.
I suggest you watch them as well if you haven’t yet, and they are even giving away their “Hot Time” trade indicator - grab that goodie as well, all their stuff is quality.
Click here for more…
[Trading Psychology Training] - Today is Your LAST CHANCE -Your Trading Results May Depend On It..
This is your last chance - after today, you miss out…
******************************************************************
You’ve been watching and waiting.
Maybe you’re asking yourself, “How much has my lack of discipline
REALLY already cost me - in dollars?”
I think you know the answer, though maybe not to the penny.
If you’re still on the fence, you need to know that this is your last chance to get Special Early-Bird pricing on the world’s most state-of-the-art discipline training for traders…
“The Disciplined Trader” Intensive Program…
http://www.thedisciplinedtrader.com/?10068
After Tuesday, April 13th, 11:59pm eastern, the price goes higher.
So…
It’s time for you to Listen… REALLY listen to a few of their past students… and what THEY experience at the last Intensive and decide FOR YOURSELF…
Is it MY TIME to BE “The Disciplined Trader”
http://www.thedisciplinedtrader.com/?10068
REMEMBER: This Program is NOT a series of Webinars or Teleclasses. At the beginning of every week, you’re given new material to take ON YOUR OWN TIME during the week. Even in the few Webcasts and Interviews they do during the course, everything is recorded and transcribed and you can review ON YOUR OWN TIME.
They’ll even let you take the Intensive over again if life gets in the way” during the training.
Special Early Bird Pricing ends Tuesday, April 13th, 11:59pm Eastern Time.
Make your move now to BE The Disciplined Trader…
Follow this link to “The Disciplined Trader” Intensive Program…
Cheers
Brian
PS: Please Note that Norman Hallett is offering THE MOST COMPLETE guarantee on the planet. If you’re not seeing yourself turn from hesitant to confident by the end of the Program (YES, you can take the whole course before deciding!), you’ll get your money back and you’ll part friends. Now, it’s YOUR MOVE…
http://www.thedisciplinedtrader.com/?10068
Psychology Of Trading - A Great Quote You Haven’t Heard…
I was in the BooksaMillion book store the other day, picking up a book on my son’s summer reading list.
Now I don’t know about you, but book stores are like candy stores for me. I can’t just go in there and get one thing without browsing around a bit.
So while scanning their latest offerings, I ran across an interesting sounding book which I wound up buying and have begun reading.
Inside the front cover is a quote that I am going to put up on the wall in my house because it’s just that worthwhile:
“Success is uncommon, therefore not to be enjoyed by the common man. I’m looking for uncommon people.”
Why do I like it so much?
Because it puts things is a proper yet useful perspective, and here’s what I’m talking about: so many people want to take the common path in trading while expecting uncommon results.
They want to enjoy all that trading has offer without making a real business of their trading. They want to find that ‘push-button-easy” way to turn their computer into an ATM - while they remain the same as they’ve always been.
It is only when one chooses to BE different, and actually become a different kind of person will they realize a different life. One simply cannot be and do ‘average’ and enjoy an above average life.
And unfortunately, ‘average’ in trading sucks. It really does. The average trader is losing money and not having any fun at all.
When you are ready to begin experiencing the uncommon,
Cheers
Brian
“The Trading Turnaround Coach”
P.S. The book is “Uncommon, Finding Your Path to Significance” by Tony Dungy, Head Coach of the Indianapolis Colts. I’m not quite finished with it, but it is a great book so far!
[Trading Psychology Training] - Get In On The “Disciplined Trader Training” Now!
This is a special announcement.
If you’ve been a trader for ANY length of time, you know what it feels like to miss a trade your trading system signaled you to take, only to see the huge winner you were waiting for go by.
Or how about watching all of your built-up profit for the week evaporate in one “bonehead” trade where you lifted a stop that was supposed to protect you or you took a trade right before confirming lines crossed so you could “get a little bit extra”.
To the UN-disciplined trader, these scenarios play out over and over…. and over again.
The fact is, it doesn’t have to be like that.
THIS post marks the “opening of the doors” to the accepting of just 250 traders into the next “The Disciplined Trader” Intensive Program, which begins on April 19th (but you must register NOW).
=> No More taking that “B” trade that results in a loss that wipes out your entire week’s gains, just because you thought you were “on a roll”.
=> No More missed trades because of fear of losing.
=> No More quivering finger over the mouse, hesitating to pull the trigger.
=> No More lifting your protective stops, because you think the floor trader will “take you out”, and have the market head back up again without you.
=> No More excuses for not following your trading plan.
“The Disciplined Trader” 6-week Online Intensive will make you the “ice-in-the-veins” trader you need to be to win consistently in today’s volatile markets…
And winning consistently is exactly what can happen…whether you trade Stocks, FOREX, Commodities, or Options… when you master the mental and emotional aspects of your trading.
“The Disciplined Trader” Program will have you…
– Build your trading disciplined skills in a very short period of time, then…
– Apply The NEW YOU - and watch your newly developed discipline skills take positive effect on your trading results.
OH, AND…
Make sure you watch the testimonial videos recorded by students in their current Program. They are traders JUST LIKE YOU.
You can achieve what they have achieved…. turning their trading fears and hesitations into confidence and decisive action to follow their trading plan.
Now it’s YOUR turn.
Follow this link and travel to “The Disciplined Trader” Intensive Program…
http://www.thedisciplinedtrader.com/?10068
We are living in historic times… market-wise…and therefore, trading-wise. Fortunes will be made by those traders who can consistently follow their trading plan.
Will that be you?
It CAN be.
Norman is accepting only 250 new students, so please Act Now.
Follow this link and travel to “The Disciplined Trader” Intensive Program…
Cheers
Brian
PS: Please Note that Norman Hallett is offering THE MOST COMPLETE guarantee on the planet. If you’re not seeing yourself turn from hesitant to confident by the end of the Program (YES, you can take the whole course before deciding!), you’ll get your money back and you’ll part friends. Now, it’s YOUR MOVE…
http://www.thedisciplinedtrader.com/?10068
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