I had a chance to chat with Bill Poulos today and posed that question to him. Do you know what he said?

“most experienced forex traders wait too long to move stops to protect their positions and frequently watch their profits disappear.”

And that wasn’t all — he went on to explain a simple concept, similar to Gambler’s Ruin that permeates the forex trading world.

Basically, once a trader sees profit in a trade begin evaporating they get solely focused on getting back the lost profits. They forget to see the need to protect the profits that they still have in the trade. The result? A reversal continues, the once-profitable trade becomes a losing trade and the trader’s frustration mounts.

I’ve seen this myself and it’s the easiest trap to fall into, because you convince yourself that the Euro just hit that intra-day high and it can get back up there! Except – it doesn’t and it continues to pull back until your 20 or 30 pip gain turns into a 20 or 30 pip loss.

That’s a pretty severe example – but have you had that happen to you?

What do you do?

Bill had an answer for that, too!

He said most traders don’t know what the available profit potential is for any single trading event — that is, they don’t set profit targets which allow them to take what the market gives them and then exit the trade in multiple steps. And, without a strategy that protects capital first and manages profits second, there’s no way the average forex trader can survive in the foreign currency markets.

In order to position yourself correctly, traders MUST have a multi-part strategy — one that teaches them how to identify the BEST available trades, clearly sets out a profit target, helps manage the taking of those profits and from the outset, teaches traders how to protect their precious capital!

He calls this managing risk first, taking profits second – and it’s really groundbreaking thinking.

Watch the first part of his new, free video series on this right here:

FOREX ANGLE

Till Next Time Much Success Trevor

Popularity: 4% [?]

3 Things You Need To Know About A Managed Forex Account

Posted by Trevor On July - 15 - 2009

What is a managed Forex account? Well in every sense of the word, the name used to describe these accounts is quite direct and forward. The are investment accounts that deal with the Foreign Exchange Markets and the only difference is that the management of these accounts are left to professional financial experts and brokerage companies who specialise in managed Forex accounts.

This service is for the more experienced and savvy investors who do not have the time to manage their various Forex accounts, yet want to have the option to expand their portfolio. The service ensures that everyone can invest in the Forex market, no matter how busy they are. One of the things you need to know about a managed Forex account is that this service comes at a price, and quite a hefty ones sometimes, depending on how many accounts you have.

The price comes at the fact that more resources are expended to manage your account for you, this means that investment decisions are done on your behalf, your account is managed, finances allocated – everything you would normally do on your own – which includes the small details of looking at market movement, price feeds, media watching, analysing data and transforming all of that into an informed decision.

This is a lot of work especially in investment terms – and you will have to pay a price for it. Some managed funds allow you to split your profits with them (in the sense that they use your money and take a percentage of your profits), or you pay them variable fees depending on the services you require from them.

The advantage of this is that you can just as easily expand your investment portfolio whenever you have the finances available and watch your money make money. You also get the entire wisdom of an a brokerage or financial institution, which means your money will be managed well by a team of people who have been investing in the Fx market for a very long time.

From innumerable Forex traders and groups in the region of the world that have chosen (and these corporations still are running on choosing more brokers in a continuous progression) an stupendous assemblage of traders covering diverse Forex trading techniques, trading techniques and threat levels.

For every one of them they do provide milieu information and up to date record of accomplishment. Those guests who settle on to endow with individual or more funds will locate particulars concerning the adviser used and regarding the development of opening financial credit and be capable of applying for forms. It is recommended that anybody going into these managed Forex accounts to try dividing their accounts among quite a few diverse brokers. These are just some of the things you should know about a managed Forex account and you learn much more from talking to FX brokers and some companies who offer these services. This way, you will be able to decide whether or not a managed Forex account is the one for you.

RESOURCES:  My number one choice in Forex Advice is Forex Income Engine. It was the turning point for me.

FOREX INCOME ENGINE

Have a brillant day Trevor

Popularity: 13% [?]

These are some of the things you need to look for when getting Forex online trading accounts.
As yourself if the brokerage that you have signed up with is legitimate or not. There are many ways to gauge whether they are legit, one of the easiest ways is to find out how long they have been around and what ties they have with offices offline. Good brokerages have been around the block and have dealt with different types of Forex accounts. Look up on their portfolio and you should be able to spot their long list of achievements.

They should also be transparent in the way they do their business. All your questions must be answered in a clear and concise manner, and all the information you need must be given to you as soon as possible. For one you need to know the qualifications of their brokers, how long they have been around, their clients, their portfolio strength and any financial information that you need. Knowing these will give you a secure environment to place your money in, especially in an environment which gives you up to and over 10% (as high as 100%) of the money that you put in. You should know the level of expertise of the brokerage that you are involved with, and be assured that someone who is competent is handling your account.

This is a very important thing to look out for when opening a Forex online trading account. Make sure you have full control of your account, knowing exactly what happens and where your money is going. You should have full involvement in the decision making process and your decisions should be acted upon almost instantly. The important thing about the liquid Forex market is that you need to take full advantage of it. There has to be no delay in the investment process and your broker should be able to act on your decisions as well as give you advice on it. One of the problems about brokerages that have been reported by investors, especially those online, is the ironic delay of operations when it comes to investing and making decisions.

The internet and Forex markets should give you the speed necessary to react to changing market psychologies and trends, and thus the communication tools that are given to you to engage in fiscal dialogue with your broker should be easy to use and efficient. Also, this applies if you are a budding investor as well. There has to be some training involved when you sign up with a brokerage. Tell them that you are relatively new when you do get their services. Good brokerages will be able to give you a good dummy account to practice on as well as some training programmes that will help you get familiar with the mechanics of online trading. These are valuable assets that should be provided to you when you get a Forex online trading account

Popularity: 6% [?]

3 Reasons Why You Should Learn Online Trading

Posted by Trevor On July - 5 - 2009

Worried about the current economic climate? Wonder why so many people are turning to online trading? This article will seek to answer those questions. You need to have an alternative to your main source of income, because in these uncertain economic times, you can never be sure of what forecasts may be ahead for you. Already, many large conglomerates and companies have laid off hundreds of thousands of employees all over the world and these are just the reported numbers. SME’s and private business owners have also been hard hit – and in some regions where the recession has not fully hit, the future is bleak.

Even if you have a concrete job with prospects, it is always good to have an alternative revenue stream just in case anything happens. Massing up risk capital is always good – there is no argument against it and online trading is a great way for anyone to do this. You can do it from the comfort of your own home and with the proper practice and money management, you will have on your hands a viable secondary income stream to add that extra level of security to your life and those of your loved ones. Online trading is also extremely simple to do – it is unlike the initial systems and set ups that were required when it was first introduced more than a decade ago.

This time, you have a plethora of financial companies and brokerages who have tailor made online trading to the casual home user. From easy to sign accounts, interfaces made for the casual investor in mind, support structures that help you every step of the way, investment programmes that help you make complicated calculations to augment your investment decisions and the existence of dummy account setups for you to practice with as much as you want – going online to trade has never been easier and you will always be assured that there will be someone around to help you make that investment decision for you. The potential to make money online is phenomenal; with online trading in commodities like futures and the Forex trade.

Take Forex markets for example, a trillion dollar a day turnover market that is easy to trade in and is extremely liquid. With brokerages giving exceptional deposit margins as well as breadth of play to invest in any market 24 hrs of the day, your options are only limited by how much time you choose to put into the market. The Forex market is an investment wonder, because of its largely predictable market psychology and the fact that you can turn a downturn into a profit making session. Online trading can be the turnkey for anyone who wants either an alternative income, or even a full time solution to their real life economic problems. Join the thousands of people who are trading online on a daily basis – with sound advice and effective money management, you can be well on your way to financial independence within a few weeks of trading.

In my opinion FOREX INCOME ENGINE is the most flexible Forex method that can be used in any time frame – Check Out FOREX INCOME ENGINE.

Click the image to visit the website

Popularity: 5% [?]

Forex Trading Course #1 Forex Profit Accelerator

Posted by Trevor On June - 20 - 2009

This is our number one chosen Forex Trading Course.

However – If you want to pick this one up you need to hury as there are only a handful of spots remaining. This is a complete step by step home study course called FOREX PROFIT ACCELERATOR.

If you deep down know there is a way to profitable trade on the forex and have a life as well then this course is designed for you.
If your feed up with being a 9 to 5 slave and desire to make it on your own in less than 20 minutes a day and know there is a way to stop spending hour after hour chart gazing then Forex Profit Accelerator is the course for you.

PS There is only a limit number of this course being offered so you need to act fast.

CLICK HERE TO GET STARTED WITH FOREX PROFIT ACELERATOR



Popularity: 18% [?]

FOREX Tracer Review

Posted by Trevor On June - 15 - 2009

FOREX Tracer is a FOREX trading robot. This means that after you install it on your computer, and open a trading account it will automatically find profitable trades and execute them for you.

As you may, or may not know, the FOREX market is a $3 trillion dollar industry! Many people are drawn to FOREX trading because they hear they can make instant mega-fortunes. A lot of these people who are drawn to FOREX Trading don’t know the first thing about FOREX trading.

Any time you have such a situation, you’re more than likely to find people who are less than reputable trying to prey on the newcomers. You will find that many guides, books, seminars, and online trading associated with FOREX won’t truly help you make money. They will only put you further in debt.

Not all people involved in the above are unscrupulous, they may have truly good intentions. However, the truth is you can’t become a FOREX pro in a short amount of time by using any of the above mentioned methods. Most of the time, you will probably be even more confused after you learn the information than before you began.

Does that mean you have to give up on the idea of tapping into the lucrative FOREX Trading market? No, you don’t. Thankfully, a product by the name of FOREX Tracer, can potentially help you achieve your FOREX financial freedom goals.

FOREX Tracer is a FOREX trading robot. This means that after you install it on your computer, and open a trading account it will automatically find profitable trades and execute them for you. You don’t hardly have to do a thing to be involved in the process at all.

If you would like to see the true power of what FOREX Tracer has to offer, they offer video proof. They have a backtest on their site, where they raked in $335,000! You can watch the trades as they happened on the video.

If that’s not impressive enough, they also have a video that shows how they used the FOREX Tracer to make $18,000 profit in 9 days! If you would like to see videos from happy users, they also have a few video testimonials on the site too. They also have some audio testimonials as well.

If you’re wondering what the full benefits of what FOREX Tracer has to offer, here they are:

* Creates & Trades FOREX Signals On Autopilot
* No Human Intervention Required
* Lowest Risk – Highest Returns!
* Absolutely No Experience Necessary
* Any Country With Any metatrader 4 Broker
* Developed By FOREX Trading Pros
* Can Be Tested Without Any Risk Or Capital!

You could spend your money on guides, books, seminars, notification services, online training, etc…The fact remains you will have to be the one who ultimately researches, analyzes, and executes the trades.

If you’re serious about making a considerable income with FOREX Trading you better be prepared to put in some long hours! AS you can see, with FOREX Tracer, you don’t have to concern yourself with this aspect. After a little time of setting it up, you don’t have to do anything. FOREX Tracer does all the work, including executing your trades.

You could wind up spending a small fortune on FOREX training. Once you buy the training material, you will spend countless hours studying the training material. Then you will have to spend countless hours looking for profitable trades. Then hope your trades are profitable. Or, you can spend $137 on FOREX Tracer download the software, and let it make profitable trades literally within minutes.

Along with your purchase price of FOREX Tracer, you also get two great bonuses:

The Cherry Picker

These 2 indicators work in conjunction with each other allowing you to pinpoint the start of a trend (either up or down) with astounding accuracy! The Cherry Picker software is on its own better than 99% of any other FOREX software on the market today but you will receive your copy absolutely free as our way of saying thanks for ordering the FOREX Tracer TODAY.

You Also Get up to $500 In Your MT4 Account – On Us

“Really?” Yep! We have partnered with a great broker and once you get past the next page, we give you a secret bonus link to our generous partners, along with videos to get you setup in no time + we put up to $500 in your live funded account.

Ultimately, the choice is yours. You can invest up to thousands or even tens of thousands of dollars in FOREX training products and still not be profitable, or you can purchase proven, profitable, FOREX Trading Software for a fraction of that cost.
Click Here to Visit Official Site Now!

Popularity: 34% [?]

FOREX Funnel Review

Posted by Trevor On June - 15 - 2009

The FOREX market is a 3 Trillion dollar industry! Being able to tap successfully into the FOREX market can be rewarding and downright life altering for most people.

Especially if you could make a consistent 6 figure income from the FOREX market every year. Would you be interested in earning a 6 figure income per year, almost hands free? If you said yes, then you need to hear about a product called the “FOREX Funnel.”

You may have already heard of some FOREX trading robots on the market. There are numerous advantages to using one a FOREX robot doesn’t get tired, it doesn’t get sick, it doesn’t get hungry or thirsty. Best of all, they don’t make trades based on emotion. Emotion based trades can get even the most experienced of FOREX traders into big trouble.

You may have even one or more of the FOREX robots on the market. If you didn’t get the positive results you had hoped for, then you really should check out FOREX Funnel.

The FOREX Funnel System sets itself apart from the competition. Most FOREX software sellers optimize their systems based on the past 6 months or past year. This can be absolutely devastating if the market decides to do a whipsaw. Some of the FOREX software is relatively new. You are paying the makers for the honor of being a guinea pig!

That’s certainly not the case with the FOREX Funnel System. They’ve consistently proven themselves for 4 years in every type of imaginable market conditions. They managed to pull in a profit of over $100,000 a year over the course of those 4 years! Not many other FOREX software makers can say the same. In fact, you can even see video proof of how over the course of less than 4 months the FOREX Funnel System brought in $65,732!

It doesn’t matter if you can barely do email on a computer, they make this system, by their own words, “idiot proof.” You get detailed step by step video instructions on how to set the system up on your computer. Here is the meat of what they have to offer:

* Proven money making system averaging over $100,000 per year for 4 years

* A system that automatically trades and makes you money 24 hours a day

* An affordable home based business opportunity that is immensely under priced

* Chance to escape the pressures of society and enjoy your free time

If any of the above sounds appealing to you, then purchase the FOREX Funnel System for $137 now. To sweeten the pot, they also give you some other bonuses along with your purchase. You will also receive the following:

The GoldMiner

EXCLUSIVE Bonus

The Goldminer – a precision custom indicator that will pinpoint exact entry points for your trades with deadly accuracy. The Goldminer will take your trading and technical analysis to a whole new level, allowing you to further monetize your FOREX success.

$500 Into Your Live Account!

“I Don’t Get It, you’re going GIVE me up to $500 when I order?”. Seems bizarre right? Here’s the scoop…

You need to be with a broker of choice in order to make live trades – We have setup a partnership with a reputable MT4 platform provider – and you will have free access to this on the next page.

Once you get MT4 setup (it’s easy don’t worry), you are given a free demo account to play with fake trades – so you can truly prove that this works without ANY real capital. Once you are ready, and you make your account live – our broker has agreed to put in up to $500 into your account as a bonus depending on how you fund it.

If you would like to take your future into your hands and tap into a 3 trillion dollar industry, have enough financial security to tell your job to “take a hike” and live comfortably: You probably should check out the time tested and proven FOREX software that the FOREX Funnel System has to offer.

Click Here to Visit Official Site Now!

Popularity: 41% [?]