I have a 3-part Forex training “kit” for you that’s online
RIGHT NOW…

You may have already seen Part 1, which was released last
week & shows you how to “erase risk” on every Forex trade
you make.

Well, Part 2 was just released today & it reveals the 6
steps that you need to do to make sure you’re AUTOMATICALLY
protected when you trade…

-regardless of your experience level, the method you use, or
the type of trader you are (day trader, end-of-day trader,
etc.)

And to make sure you really “get it”, the entire process is
mapped out on the 3rd part — a slick “cheat sheet” that you
can print out and keep by your trading computer, so there’s
no second-guessing.

* As a bonus, you also get an inside look at an actual LIVE
Forex trade that puts this 6-step plan into action so you
can experience “risk erasing” firsthand.

This is some of the best “complimentary” Forex training
you’re going to see this year, and I don’t expect it to stay
online forever, so go ahead & get your hands on it here
right now:

http://www.forextrainingmaterial.com/y/?i=1042601&u=4&l=f6

(That link takes you to the private training website where
Part 1 was posted last week. It’s an “invite-only” link.)

Good Trading,
Joe

p.s. There’s also a major Forex announcement on Part 2 of
this video training that I’m REALLY excited about.
Seriously, this is some KILLER training. Check out what
folks are saying about Part 1 (there are over 300 comments
like this on the training site!)

“This is the most sensible information I have ever heard
about currency trading.”

“Now I’m glad I signed up for your emails. This video was
very informative and enlightening. You have revealed so many
simple errors that one can make while trading and how to
avoid them. Keep it up. Looking forward to part 2. Cheers!”

“Really thnx an amaz.ing video from an am.azing trader thnx
and CANT WAIT TO SEE PART TWO”

“It’s a most wonderful video I’ve seen talking so deeply on
how to erase risk while others talk on how to minimise it. I
recommend this video for all active traders. I’ve gained so
much from it. Cheers.”

“every and each second of this video was a rich lecture. I
appreciate your great effort.. thanks and regards.”

“Very enlightening stuff. Probably the best information i
have had on how to manage risk effectively in forex trading.
Thank you.”

Get access here:

http://www.forextrainingmaterial.com/y/?i=1042601&u=4&l=f6

If you need to become a Forex Trader, select one of these mindsets.

The Independent trader or the Dependent trader

Which type of trader you are will drastically affect the potential money you can make in the markets. In fact, it may well determine what the remainder of your life will look like, if it is how long you work for someone else, when and where you vacation, or where and how you live.

you may think that is’s an exaggeration, but the reality is those who take initiative can definitely affect the result of their lives ( and their trading ) versus those that let others determine the course of their lives for them.

it is critical to note that anything requiring little to no effort will produce limited, temporary or no results. Inversely, anything requiring you to think and act for yourself will produce lasting and lasting results.

Trading, whether forex, stocks, or other markets, particularly proves this true. Returning to the 2 kinds of traders, they illustrate very common mindsets – which one represents you?

The Dependent trader is looking for the easy way, wants to make a fast buck, or make it big – but never wants to put any effort into the process of achieving such things ( if such things even exist, and it should be contended that they do not ).

Dependent traders will follow the crowd, trade based on hot tips, seek out automated ‘millionaire-making’ trading programs, hear all the reports professionals and blindly place ‘can’t lose’ trades ( which do lose ), all with no plan, no thought and no understanding of what they’re doing.

Naturally they will become frustrated with their losses and mess ups and do the single thing they can think to do : they give up.

Dependent traders are the trading equivalent of lottery ticket buyers ; they know full well the chances stacked against them, but they believe anybody can get lucky, so why not them?

of course, Dependent traders exert small control over their lives and have little chance for finance success.

On the other end of the spectrum is the Independent trader. This trader wants to have control over their financial future and has learned ( or will learn ) how the markets work, which approaches to trading the markets truly work, and the easiest way to sanction themselves to trade without relying on others for advice or tips or stories.

An Independent trader understands and believes that only they can maximise their chances for success and only they can achieve their monetary and life dreams. They will search out and learn from others, educate themselves, learn from failure and attempt to accomplish bigger things.

It should be observed , however , that everyone has a little bit of the Dependent trader in them at some point. The difference being, the person on track to become Independent may take up with a mentor or lean on a reliable education source at the outset – but as their information grows, the Independent trader will start to apply what they’ve learned completely on their own.

The Dependent trader never will .

three straightforward steps to becoming an Independent Trader :

Step One : Create and execute a trading plan. Whether you want to day trade or trade at the end of hte day, or once a week – decide what fits BEST in your daily plan and then determine what sources form two and three below best align with your intention. Don’t try and apply day trading methodologies to end of day trading and vice versa, as you will probably discover they don’t and will not work.

Step Two : seek out 2-3 reputable education sources. We will provide some to you – but the goal is to spot one that you can understand and trust. Learn all you can from those sources. Then, learn how to use it on your own.

Step three : Learn from and test out multiple methods for trading. You are unlikely to be successful wihtout some foundation in trading methodologies, particularly when employing technical or basic indicators.

The steps above will require time and cash investment.You should consider them your trading education costs – it is way better to invest in yourself than to lose money too simply in the market.

One phenomenon that derails amateur forex traders time and time again is method complexity syndrome. They research a trading method, get it and the minute they receive it, they jump ahead to what they consider to be’the guts’ of the technique. In doing so, they absolutely ignore all of the other aspects of trading, including risk management, discipline, and psychology.

They get into the’guts’ of the strategy only searching for that large, mysterious, slap-your-forehead, jaw-dropping’secret’ that will suddenly unlock the puzzles of the forex universe and make them Master and commander of every currency exchange pair. All too often, they find themselves completely disappointed or the’guts’ reveal something they’d already heard about ( but had not practiced ). Amateur traders will then dismiss the strategy as ‘too simple’.

Or, the amateur trader will look for that complex formula, cryptic mixture of indicators and all too frequently what they really discover is a collection of straightforward indicators working together in an uncommon way, and they are saying,’Well I could have done that!’ – and they become disappointed or frustrated, because they wrongly think that any strategy MUST BE complicated, it can’t possible be SIMPLE! So, they postpone the strategy or return it and whinge that it’s’not complicated’ enough.

This is a major mistake – as the beginner trader will then repeat this error technique after method and they may never make the effort to learn and understand the full process of trading.

Don’t make this mistake. Understand that most trading methods out there are not complicated. They weave a smaller set of rules together in a straightforward manner ( straightforward enough that anybody can apply them ) but apply them in a rare way. Complicated systems are for computer geeks and enormous banks – if you can’t understand something, you can’t probably apply it.

Never skip ahead when learning a tough new technique for trading forex. Make certain you learn the setup, entry and exit rules ( which should exist ) ; that you learn how to defend your trade with stops ; and you learn the way to apply your method on a timely basis ( be it hourly, daily or weekly ) to get the maximum out of the strategy and to learn how all facets of what you learn work cooperatively to make you a better trader.

Remember, simple but tough – using some indicators or rules applied in a non-textbook approach – is the key to getting an edge in the markets.