I have 2 major Forex announcements for you that were just
announced.

1. On next Monday, September 14th, at 10am Eastern, a brand
new Forex training course will be released to the trading
community from one of its most respected educators, 35+ year
trader Bill Poulos.

* It’s called, “The Forex Time Machine”, and you’ll want to
get a copy when it comes out.

(I’ve seen a preview copy, and it’s packed with some of the
best no-nonsense, “what works now” Forex training I’ve ever
seen.)

If you saw Bill’s “risk eraser” training videos (& companion
“cheat sheet”) he released a few days ago, then you’re
probably as excited as I am about the way he teaches you to
“erase risk” on every Forex trade you make.

If you missed these videos, you can still see them here for
awhile longer:

http://www.yourforexangle.com/y/?i=1042601&u=4&l=f8

I’ll have more info soon on the Forex Time Machine, but for
now — MARK YOUR CALENDAR for Monday, September 14th, so you
don’t miss out.

2. To celebrate the release of his new course, Bill is going
to GIVE AWAY the first copy to one fortunate trader…

-and it could be you.

To be considered for the giveaway, just go here:

http://www.yourforexangle.com/y/?i=1042601&u=4&l=f7

(That takes you to his private, invite-only training website
- it’s simple.)

That’s all for now. I really hope you absorb Bill’s
complimentary training videos if you haven’t already. He
reveals some pretty profound concepts in them that will
definitely help out your Forex trading.

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

You’ve likely heard the term foreign exchange lately – it is starting to become one of the most up to date trading trends in the markets today. That’s a trend we suspect will continue but today, I would have liked to take a few moments to indicate why as well as why you need to take advantage of trading foreign currencies.

Just a couple of years back, the foreign exchange markets were dominated by the giant brokers and major banks around the planet. Today, the ‘little guys’ have got in on the action – and the expansion in currency trading has increased from $1.9 trillion to nearly $3 trillion in that short space of time ( that’s the typical daily turnover in the markets – a 50% expansion in turnover ).

But why should you trade Forex?

First, the currency exchange markets are highly liquid ( in the major pairs ) and have a strong tendency to ‘trend’ regardless of what is happening in other markets ( stocks, commodities, bonds ).

That liquidity also creates incessant volatility – and the volatility is where the ability to profit from those trends happens. The greater the volatility, the bigger the profit potential.

2nd, the exchanges have been beaten down, rallied, fallen, rallied – and there are robust suggestions that another ‘fall’ is coming. The doubt in these markets is keeping them from a particular direction, or trend. In the currency exchange markets , however , traders don’t have to fret about’bull’ or’bear’ markets – the currencies are always in a trend ( whether up, down or sideways ).

furthermore, the financial upheaval driven by the credit tightening and the enormous state responses means investing or trading in the stock markets will never be the same – but these same events helped to create even bigger opportunities in the foreign exchange markets.

foreign exchange trading is not without risk – and frankly, the general public approach the currency exchange markets totally wrong. The current business and financial conditions make this one of the best times to take on currency trading, but only if done properly.

35+ year trading vet and currency exchange educator, Bill Poulos, has latterly released a new video on the RIGHT way to approach trading currency exchange.

See, most traders go into forex trading with the idea of getting rich fast. And they come out pretty poor.

What Bill shows you is how to get into trading currency exchange by managing risk FIRST and taking profits SECOND. It’s extremely turning the currency exchange community the other way up.

Watch this free video – see whether you disagree with him :

http://www.yourforexangle.com/y/?i=1042601&u=4&l=f2

We were chatting with some currency exchange traders about one of the Problems inspiring them while their trades were ongoing and found a standard issue – watching winning trades become losing trades.

As we’ve discussed before, if you are not handling your foreign exchange trades, from entry point to exit point, you are going to see this happen to you – and it’ll likely occur often .

Here’s the base of the issue :

A trade is entered along with a preliminary stop loss. What most traders do is try to get ALL their profit at once, but they don’t actually have a ‘target’ -

When the trade initially gets moneymaking, many traders will ’screengaze’ – they get targeted on how much they have made or are making at that moment. What they don’t do is plan for exiting the trade – they overstay in the trade and often watch their profits evaporate when the market turns against them ( and then compound that mistake by staying in EVEN LONGER to ‘get back’ those lose profits ). This is a losing offer in foreign exchange trading.

in short , they let greed make them lose sight of the point of the trade.

what’s the point of a trade? To maximize gain and minimize risk – it IS that easy.

Maximizing gain doesn’t mean you exit a trade at the comprehensive ‘Top’ – it means that for the duration the trade is on, you have a set of rules that establish where you may exit for profit – and it isn’t where you suspect it is! More on that in a bit

Minimizing risk means more than only setting that 1st stop loss – you MUST manage your stop losses throughout the period of a trade.

When currency exchange traders enter a trade they must protect their capital first and think profit 2nd. When their position starts trending up, they can take the right action to protect their capital AND their profits.

In fact, most successful currency exchange traders presume they’ll lose on each trade. They perform this psychological trick to make sure their risk plan is always top of mind! Once a trade turns in their favor ( much to their surprise ), the 1st steps they take is get themselves into a break-even trade situation ; followed by assertive stop loss management to maximize their profits on the trade.

They think risk first, profit 2nd.

Watch this video to see how it’s done :

http://www.yourforexangle.com/y/?i=1042601&u=4&l=f2

One of the dirty little secrets in the forex market over the previous couple of years has been the big expansion in supposed’robot’ trading – androids are nothing more than automated programs that work off fancy mathematics based primarily on historic market patterns.

But there’s a real problem with androids : they do not work.

Oh, you may hear all the fancy talk about how so-and-so turned $10,000 into $ 150,476 in just 7 days

but it’s not true. It’s hype and it’s based totally on ‘hypothetical’ historic trading.

Fact : Most foreign exchange traders who use forex bots LOSE money.

Truth : androids lose money because they have disproportionate RISK MANAGEMENT rules built into them.

What the androids go after are tiny, quick profits – 3 pips, 7 pips, 9 pips. And over the course of a chain of trades, the Robot’s ‘Winning Percentage’ will be awfully high – 85-95% winners.

BUT the androids have a deadly issue : their stop losses are out of line with classic reward to risk ratios, usually on the order of 15 or 1:10 ( that suggests you, the trader, are hazarding $10 to win $1. In betting, this is often known as’sucker betting’ and you’re the sucker. ).

here’s what’s really going on with those androids : The stop losses are set so wide that ONE TRADE can wipe out the profits from those’85%’ winners. That is because the gains you are making on the winners are miniscule compared to the losses you take with the built-in risk – or lack therein.

mucky little secret 2 : The proportion of winning trades is inversely proportionate to the reward:risk proportion. The higher the share of winning trades, the lower your reward ratio ; the lower the share of winning trades, the higher your reward ratio.

this suggests if a Robot makes a claim to have 90% winning trades, your reward to risk ratio will be around 1:10.

Truth? Don’t fixate on ‘winning percentages’ – concentrate on handling the danger in each trade and keeping the reward to risk ratio in YOUR favor.

Watch this video proof of how this concept can radically change your currency trading :

http://www.yourforexangle.com/y/?i=1042601&u=4&l=f2

I had an opportunity to chat with Bill Poulos today and posed that question to him. Did 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 foreign exchange trading world.

fundamentally, once a trader sees profit in a trade begin evaporating they get only targeted 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 bad trade and the trader’s disappointment mounts.

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

that could be a pretty grim 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 method that protects capital first and manages profits second, there is not any way the average forex trader can survive in the foreign foreign exchange markets.

in order to position yourself correctly, traders MUST have a multi-part system – one that teaches them the way 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 the way to protect their precious capital!

He calls this handling risk first, taking profits second – and it’s truly revolutionary thinking.

Watch the 1st part of his new, free video series on this here :

http://www.yourforexangle.com/y/?i=1042601&u=4&l=f2

If you’re still losing money trading Forex, then you need to
see this brand new, complimentary training video fresh from
the recording studio of one of the most respected Forex
trainers around.

In it, he reveals the REAL REASON most traders just like you
keep on losing… and then shows you, step-by-step, how you
can FIX any trading method you’re currently using.

Once you see what it is, you might think it’s a little
“weird”, but after I saw it I was surprised more struggling
Forex traders haven’t been told about this.

Here’s a hint:

* It’s all about how to “–A– -I–”.

Once you figure it out, you’ll be surprised you ever traded
without this technique.

Go here for your “invite only” access to a brand new,
private training site where you can see this video:

http://www.myforexdiscovery.com/y/?i=1042601&u=4&l=f2

Make sure you watch it today. This is definitely one of
those time-sensitive videos that I don’t expect to stay
online forever.

Good Trading,

Josée