May 2007

Why I Love To Do What No One Else Does in Forex Trading

May 28, 2007

Contrarian Forex Trading.

Most people are not comfortable with the idea of doing what no one else is doing.  It is a part of the social insecurity that is innate in the average person.  Ever since I was a child and even more so when I was a teenager I noticed that in general the people around me did not even have any interest in understanding the nature of their own beings and their purpose for existing in this universe.  It was clear to me that people in general are lost and not only do not know why they exist but also they do not even seem to be interested.  That is when it also became clear to me that being like every one else was not necessarily a desirable thing.

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How to Save $5000 on Your Forex Trading Training and Get it For Free!

May 25, 2007

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When I first got started in Forex trading I enrolled in a training program that offered a one day beginners class for $1000 and another one day advanced class for an additional $1000.  Later I realized that not only did I learn nothing about how to trade successfully in these classes, I also could have learned more thorough and complete information by purchasing a $30 book from Amazon.  Many of my colleagues, associates and students have also related to me that they spent as much as $5000 on similar training that did not empower them to become successful in Forex trading.

The important point here is that general information on Forex trading is readily available from many sources in some cases for free.  But the information on how to actually consistently win in Forex trading is apparently much harder to find.  If you are getting started in Forex trading don’t be seduced by the many training programs that are available that only provide general information that you could get elsewhere for cheap or for free.  Most of the information that newcomers to the Forex industry most need can be obtained for free from Forex brokers.  Topics like, “What is leverage?”, What is a PIP?”, “How do I place a trade?”, “How much money can I make in a trade?” should be learned by opening a demo account, reading the information on the broker’s web site, and talking with broker customer service representatives.  Don’t pay $2000 for this information and if possible don’t ask your training mentor to waste time on these topics while they are so readily available.

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How to Learn Online Forex Trading

May 22, 2007

One way to learn online Forex trading would be to take every forex trading course or seminar available.  Then when you are done forget everything that you learned and take the Trading Mastermind Forex trading course.  Another way would be to skip the first step and go directly to the second one.  Well, at least this has been the experience of hundreds of people some who have taken all the other courses and some who are brand new beginners.  Amazingly, many people in both categories are having extraordinary results in less than two months.

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The Most Important Part of Winning in Forex is Your Reason For Trading

May 21, 2007

The real secrets of success are very simple but often elusive to most people.  Most people are looking at the Forex trading business thinking that the way to succeed has to do with some particular method or strategy.  They think it is some kind of indicator or technical analysis formula.  And yet it is demonstrated over and over that this has very little to do with whether a person is successful or not.  Granted there are some insights and methods that enable a trader to move beyond what the rest of the trading world is doing and get amazing results consistently.  But these methods can be demonstrated to 2 people with the same level of intelligence and one will succeed while the other will  not.   As I mention often and will probably not stop emphasizing it all has to do with positive vs. negative thinking.  And part of this driving force that makes the difference lies in the reason why a person is seeking mastery in Forex trading.  One person’s reason might be, “I want to be able to pay the bills.”  Or, “I want to show my ex-girlfriend or my father that I really am somebody.”   Or, “I want to lie on the beach all day having fruity drinks with little umbrellas in them.”   If you interview many successful people I think you will find that their reasons are different from most people.  They have clear and precise reasons and these reasons usually extend beyond themselves to include a desire to serve others or make a meaningful contribution to the world.  I believe that the level of success that any person has the potential to reach is directly proportional to the clarity of their reasons why they seek success and the extent to which these reasons include some kind of larger philanthropic impulse.  And people who do not have this kind of natural impulse cannot necessarily generate one artificially.  It is a natural process that must unfold through some kind of personal development and cannot be put on like a new hat.  

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Introduction to the Forex Secrets

May 18, 2007

The funny thing about Forex Secrets is that once you see them, you will wonder why they are not obvious to everyone.  In the Forex Trading world people are attracted to this business primarily through the marketing efforts of the Forex brokers.  And most of the training available is either directly or indirectly connected to the Forex broker industry.  To put it more clearly, if the training is not directly through a broker it is likely that the training program is connected with an introducing broker.  An introducing broker is a person or company that refers customers to a broker and receives compensation in the form of a percentage of the PIP spread that the broker collects on all the trader’s trades. 

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