When it comes to trading it’s best to have no opinion about where prices are headed and it is essential to never have any personal sentiment either bullish or bearish. Instead consider just looking at the charts and observing patterns, signals, and market phenomenon that can be recognized as turning points on any time frame.
One clue that was recently revealed is from the COT (CFTC commitment of traders report). Right now almost all commercial traders are long on the Euro in commodity futures. The majority seems to be short on the U.S. dollar although that conflicts with what I am seeing in relation to the current long term pattern formation on the stock market which normally moves in the exact opposite direction of the U.S. dollar.
What gets really exciting is when you see what is happening on the monthly, weekly , and daily time frames for the EUR USD. It appears highly probably that the EUR is now at least forming a correction to the last downtrend on the daily time frame and possibly a continuation of the long term uptrend on the weekly and monthly time frames.
What is even more exciting is that as you have learned from several previous videos it is not necessary to know which of these possibilities is currently happening in order to extract the maximum amount of profit on the next shorter time frames while waiting to see how the story unfolds.
In the Forex trading world there are many gurus and software vendors claiming to be able to provide something that will help traders get results. But have you ever looked at the results of the students of some of the Forex trading gurus or the customers of the Forex trading robots and automated systems?
In this video Scott Shubert shows all the entries and exits that were taken during the Platinum Trading Group’s live daily trading sessions. Each trade was taken for a certain reason and the reason is different from what most of the trading world is doing. Why should you enter a trade? Why should you exit a trade? That is the key that is the secret to the difference in results that are seen among traders in this community.
Regardless of what Forex trading strategies you are using there is no trading strategy that is perfect. But what most traders don’t realize is that they tend to fail to follow their own strategies. Combine that with the fact that the Forex trading strategies they are using don’t really work and you have a recipe for disaster.
First learn what really works in financial markets for getting consistent results. Then learn to follow that strategy and execute the trades entering when there is an entry signal, exiting when there is an exit signal, not entering when there is not an entry signal and not exiting when there is not an exit signal.
It seems simple but now you can see that it is working beautifully for some traders who have very little experience. To find out how why this works so extremely well you can participate in the live trading sessions yourself for free for a full year. Only by developing the skill yourself can you experience the proof that you need for success.
In this video you can hear an excerpt from a candid interview with one of the Platinum Trading Group’s rising star traders who are rapidly proving that a person with no previous trading experience and no form education in economics can quickly learn to trade the Forex market and get remarkable results.
It has been proven over and over that the people who have the most extraordinary results are the ones who understand our method and then enter when there is an entry signal and exit when there is an exit signal. People who are not getting good results are most likely doing something other than this and are often making up reasons that are not related to our method.
Trading Forex for a living is not only possible but considered by some to be the ideal business that can replace practically any other career in a relatively short period of time. The key is to associate with other professional Forex traders on a daily basis who are also using the same Forex trading strategy so you can see the trades forming in real time and learn to recognize what is an entry and what is an exit signal.
Forex trading as a full time business can be achieved within one year in some cases. If you learn a Forex trading strategy that really works and practice the method developing skill over time it is possible that you might outperform some of the industy’s top professional traders and hedge fund managers. Seasoned traders with years of experience tend to deny this because they don’t understand why they can’t see a better or easier way to make more profit with fewer losses and better risk to reward ratio.
If you have ever looked at charts for Forex trading and looked for those Forex signals that represent the point to enter a trade or exit a trade then you already know how confusing and frustrating it can be if you are not looking at the right things.
The term “pivot points” is often used to mean an indicator that draws horizontal lines on a chart to show possible areas of high probability where the market might hesitate or turn. But those lines only distract traders from seeing the real reason for entering a trade and exiting based on a Forex signal and trading strategy that not only actually works but also gets the best part of profit that is available from a move on any time frame.
What is a real “turning point” in a financial market whether it is Forex, stocks, commodities, or futures? How do you know when the market is turning in one direction and how do you know after an Forex signal that it will continue? How do you know when the market will stop or turn again so that you should exit?
“But at the bottom, sell at the top” is a saying we often hear in financial markets but considering that the entire industry is trying to do that but often failing how is it possible to gain some real skill in knowing these elusive “turning points” or the real “pivot points” in trading?
There is a way to know that the market is turning. There is a way to know the most likely pattern that will form after a pivot point or real turning point occurs so and a way to know when that move is really coming to an end and the trader should exit or take profit. Obviously not everyone can see this but for a few professional traders there are clear identifiable Forex signals that show the points that represent trading opportunities for maximum profit, low risk to reward and high win to loss ratio.
The One Hidden Key That Turns Any Losing Forex Trading Strategy Into A Perpetual Cash Machine
If you have ever been involved in Forex trading there’s no doubt that you have seen many Forex trading strategies and you have no doubt tried using at least a few of them. But what traders quickly discover is that no matter what Forex trading strategy you try it will work great for a while then lose for a while. Of course any trading strategy will have some losses but there is a fundamental reason why trading strategies go through periods of failure.
Even professional Forex trading experts attribute this constant cycle of winning and losing to market consolidation or “choppy market”. That’s why a legitimate Forex trading strategy should be based on that very cycle of trending vs. consolidation. By learning to identify these points a trader can develop the skill of entering at the beginning of a trend and exiting at the end of a trend while not trading during the corrections.
It seems obvious and simple. So why does this process elude nearly the entire trading world? In this video Scott Shubert gives some insight into his highly acclaimed developments and discoveries which some traders around the world are now raving about. “Once you have this breakthrough trading will never be the same again,” Scott says. “It is not possible to stop seeing this once you have seen it.”
Have you ever noticed that what you hear from real life professional Forex traders is completely different from what you hear from brokers, and scam product salesmen? That’s because the Forex trading industry is built on hype and some deliberate scam and misrepresentation. The truth is that Forex trading is a business like any other and requires experience and discipline not just some new trick or software.
Whether you have tried numerous Forex trading courses, Forex trading videos, various systems and Forex trading strategies or even if you bought fancy proprietary software or Forex trading robots, there is no replacement for good old fashioned development of skill through time, patience, discipline and knowledge. One of the most powerful aids on the path to success in Forex trading is to associate with some professional Forex traders who are already doing what you want to do. Nothing can speed up the process better and save you a lot of time and frustration.
In this private interview, Steve who is a Van Tharp trained trader shares some of his thoughts and experiences about the path to mastery and real life success in making a living from Forex trading. Realistic goals and proper training are the key not only in the right method of trading but also in trading psychology and personal development. Many traders have been exposed to trading methods that really work and produce positive results and yet never saw the results themselves. Find out what is working now for traders who already get results on a consistent basis.
In part 2 of this series I will demonstrate another of the top, most important, most effective Forex trading strategies that traders who earn their sole income from trading now consider to be absolutely essential to success in Forex trading.
I am in the process of interviewing a number of professional Forex traders who currently earn their sole income from trading. What Forex trading strategies do they use? What is their secret?
In this series of videos I will reveal the Forex trading strategy recommended by professional Forex traders as being the key to their success. This first video demonstrates how critical it is to have a general idea about how much time it takes for a Forex trading entry signal to form.
Now let see if we can look at the actual trend that preceded it. Right in here, there was a perfect 5 way trend that preceded that and where was that best visible? It was ah, we had already determined in our trading room that this up trend was forming well around the 1 hour range and up a little bit and down a little bit from that range.
Yeah this is the video I promised to share since last week but I am thinking of taking it down already. I feel like anyone who knows this may need to either be assassinated
for security reasons or sworn under contract to do something worthwhile for the world.
Excitement never seems to stop with Forex lately. But sometimes it’s a bit tricky and can end up biting you right in the ass!
Whatever happened to the idea that currency markets are slow during the summer? Next week, the European Central Bank is expected to raise interest rates and the Euro has been soaring fast against other pairs. But what happens AFTER a pair forms a strong trend?
If you intent to learn Forex trading or to learn Forex trading systems you might discover that no matter how intelligent you are you are already in the process of unconsciously destroying your business regardless of what Forex trading strategies you use. Although you probably don’t consciously want to destroy your Forex trading business, I have noticed that many traders are already in the process of doing this unconsciously. It seems they can’t help themselves and by continuing this process they are making it inevitable.
Another excellent week of trading has ended in celebration as traders in the Platinum Trading Group once again hauled in results in real PIPs and real dollars that most other traders have never even come close to.
Although Forex Trading can be an ideal business and an amazing way for some people to build capital quickly it is not exactly a passive income investment. We do still have to work a little studying charts and occasionally clicking a mouse to enter or exit a trade. Yeah, that’s pretty grueling work but someone has to do it. While you are enjoying the freedom of lifestyle and the enormous excess fund from trading (if you ever figure out how to get consistent profit) you may want to also be planning to use part of that capital for other investments.
Part of the knowledge now known as harmonic trading began with H.M. Gartley who published a book in 1935 called Profits in the Stock Market. This video illustrates what the original Gartley pattern is and how this pattern as well as the more recent discoveries can be easily employed in your trading business in Forex, stocks, commodities, and futures.
In the Forex trading world so many people seem to be experiencing major frustration and disappointment. Looking around on forums and groups you are sure to see people with bitter feelings fighting and complaining which makes one wonder, “Why the heck do these people hang out on forums if they hate Forex trading?”
Nearly every day I get emails from Forex trading gurus bragging that this week they got so many PIPs on certain trades. The fact is, if you enter a trade for almost any reason during a trending market you will be likely to win. In fact odds are if you enter a trade for any reason you should have a 50/50 chance of winning. What is important is if you can consistently maintain a high percentage of winning trades over time with larger winning trades than losses. To do that you need something other than a method of getting in by using an indicator crossing a certain level.
You need to actually see through the noise and chaos and recognize the real reason to enter or exit a trade that shows clearly shows the difference between what we call a pullback or retracement and an actual turning point, a reversal.
Serious Forex traders should always be on the lookout for the newest trend in technology that helps in making better trading decisions and creating a better lifestyle. With the advent of Google Android which has a great potential to take the mobile operating system industry by storm, traders are naturally curious to find out the best way they can take advantage of these addictive little gadgets.
There is no doubt that Forex trading has become more available and flexible for everyone today. A Forex trader can choose from a wide array of phones and tablets now available and the device seems to be getting smaller and smaller – from laptops to mini notebooks and now to something that would fit in the palm, a mobile device. Ironically now some of the devices are getting bigger again in order to have a larger screen such as the Apple Ipad. These devices make it possible to do Forex trading anytime and anywhere.
Have you ever wondered how to trade Forex on an Iphone, Blackberry, Windows Mobile, or Google android phone such as a Samsung Galaxy or Sony Ericson Experia? Well, here’s the inside scoop on that apps to look for, what is working and what is not. Should you spend money on a paid charting service? Can you place trades through your Forex broker on the phone you are now using? Does it really work? Are there any challenges with maintaining your Forex trading business using a mobile phone?
As more and more people are hearing about the results of the members of the Platinum Trading Group many people are very curious to know more about what happens inside the group in the daily live trading sessions. Why do these traders enjoy luxurious lifestyles of freedom and purpose? Why are professional traders around the world so interested in seeing what happens inside the group? Maybe you know someone who already created a solid sustainable business with freedom of lifestyle in Forex trading through their experience in the Platinum Trading Group. Word of mouth seems to spread like wildfire when people find out how quickly real people are able to create the business they are looking for. In this video you will see a small glimpse of what that experience is like.
Sign me up immediately, Scott! I’m ready to start creating my own ideal business and earning unlimited profit from home or anywhere in the world.
Since thousands of people are curious about what’s inside Trading Mastermind’s groundbreaking Forex course, Scott Shubert shows you what you will get when you receive the Yin Yang Forex Trading Course.
This week in Forex trading I am looking at the AUD USD among several other pairs. When you see the “Road Map to Success” you will be extremely excited to experience that you can look at any currency pair on any time frame and using some very basic technical analysis trading strategies you can immediately know whether you should be looking for an entry or an exit, what exactly the next entry or exit will be and what time frame to focus on at this time. When you have this experience it can totally transform the results you are getting from losing or breaking even to consistent increase in capital.
In Forex Trading most traders choose to enter and exit trades in a way that is not in the “rhythm of profit” This rhythm is partly a psychological mindset that is different from what is “normal” behavior. But it is also a very specific technical analysis method to enter and exit trades at the points that tend to give maximum profit and high probability for consistent winning. Once you see how this works and experience it for yourself it can transform your Forex trading business quickly and empower you to finally get the results that you always knew was possible but just could achieve consistently. Even many “professional” Forex traders end up scratching their heads in confusion as they look for many different reasons to enter and exit trades which fail to put them into this natural rhythm. You can see right on the charts that this rhythm working as far back as you care to test on any time frame. Why isn’t everyone doing this? Maybe the same reason everyone isn’t forming the world’s most successful companies like Microsoft, Facebook, or Google. This is for the few people whose eyes are open to opportunity and transformation.
I hesitate to show this stuff because not everyone should see this. In this video I demonstrate in advance the trading strategy for the AUD USD and EUR USD for this week. You can see the trade setting up now and when it happens later you will be able to see how it works out. For trading advice talk to your CTA and understand the risks of Forex trading. Meanwhile, enjoy learning what works to get the maximum results in Forex trading using simple technical analysis combined with what many traders consider to be revolutionary unique insight. Your results could be nothing less than extraordinary and potentially life changing.
Fear has a way of controlling our minds. Although we know that for a fact, it can be so real that it restrains us from achieving our goals. These perceived fears play tricks on our minds and can rob us of the rational thinking that we need for us to move ahead. In the Forex trading business, fear of the unknown and fear of loss are the worst enemies. However, in order for us to be successful in any business , we must overcome our fears. How? This video shows you the top 6 biggest fears of Forex traders which cause them to fail or give up quickly and the way to permanently breakthrough these fears and move forward with a business that gets results.
People from all around the world keep telling me that they are so grateful for discovering Forex trading because it is the most ideal business in the world and enables some traders to make the world a better place through charity and philanthropy. Not just a home based business, Forex trading provides freedom of mobility. Using technical analysis and sound Forex trading strategies , a trader can enter and exit trades on currency pairs while travelling virtually anywhere in the world. You will be amazed when you compare this business wih any other business opportunity available. In terms of potential income it is virutally unmatched. And once you discover what really works in Forex trading you may develop a skill that creates income in any economic cycle for the rest of your life.
(Recorded 10/17/10) When the stock market turns, currency pairs in the Forex market follow almost simultaneously. Some Forex traders constantly watch the Dow even on very short time frames to either predict or confirm the movement of Forex pairs.
After hours of staring bug eyed at the charts you see an entry signal forming. You feel dread and anxiety in your stomach. You feel tension around your eyebrows and the muscles in your face are tight as a piano string. You are checking again to make sure it really is an entry. Your heart starts pounding. Your palms are sweating as you grip the mouse. Your breath has nearly stopped. You just don’t know if this entry is going to work out. You really don’t want to put any risk out there and have it end up in a loss. You are checking the signs on multiple time frames. WAIT! You just can’t pull the trigger. Now it’s too late. The entry has already passed. You watch in agony as the price soars higher and higher feeling more remorse for not entering when you saw the entry. Should you get in now? Finally you enter as the price is soaring like a rocket. As soon as you enter the market peaks out and starts to turn.
When I see so many people struggling with Forex trading trying to finally break through the barriers that prevent them from getting consistent profit I can’t help but feel the desire to help. Trading takes some time, patience and experience but without certain knowledge it is not likely that most traders will ever get to the point where they see consistent increase in capital. When I first started trading several years ago I had a series of insights that seemed like common sense to me at the time. But when other traders saw what I was doing they considered it revolutionary. Since then I have had even more exciting breakthroughs in trading and I am glad to share them to help the trading community stop wasting so much time struggling with frustration and disappointment as the only result.
There are 2 things that happen when a trader begins learning the principles of Elliott Wave. First there is a new fascination and a sense of awe to discover that financial markets are always forming patterns of trends followed by corrections. The waves of trends and corrections subdivide into smaller patterns on shorter time frames while any patterns are also part of a larger pattern. It ‘s like a fractal universe where every world is part of a larger world and inside of each world there is a smaller universe. In Taoist wisdom humans are seen as a microcosmic universe inside the macrocosm. The second thing that happens is a decrease in profit and higher percentage of losing trades.
Have you seen the trailer for the movie, Eat Pray Love? It’s the latest film starring Julia Roberts which I am anxious to see, by the way. What caught my attention is when Robert’s character was putting all her stuff in a self-storage unit after she lost her house. In the last few years, self storage units have become an excellent investment because everyone needs an extra space to store their possessions such as household goods, boats, wine, cars, junk–you name it. People in developed countries like the U.S. have become collectors of junk that they don’t need but are unwilling to get rid of. Plus storage units are used by people relocating or in transition such as while a new house is under construction. Some people run businesses out of storage units. I have seen people working in storage units repairing office machines or picking up stock for their pharmaceutical sales business. Whatever the reason investors have found, “If you build it they will come”. The units are filled quickly if you research the market and build in the right place.
There is one privately owned organization calling itself Federal that has supreme power over the value of currency in the U.S. When Federal Reserve Chairman Ben Bernanke speaks he has the power to cause immediate buying and selling in the Forex trading market not just in the U.S. but all over the world. It makes you wonder what is behind that immense power and what this organization is really all about. How and why was it formed? What the real purpose and mission of the Federal Reserve?
A favorite topic these days in our Forex trading community is what to do with the ever expanding profits. Many traders are excited about discovering good sources of long term passive income and the quest for ideal investments has proven to be a great source of fun and fulfillment.
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