Forex Education
Betting, Crazy Wins & $75,000 Blown Forex Account!
Lots of new traders blow up their forex trading account, In truth many traders are gambling not trading, myself included back in 2002 when I started the forex trading journey. They don’t understand what is really going on in the forex markets. They do not have clear rules and little or no concept of risk management. They get sucked into believing all the “get rich quick” marketing BS. The net result is another blown forex account. The reality is that trading is a profession. It takes time effort and someone to guide them. Find yourself a mentor who is a real trader, not a marketer
Forex Trading Plan for The Week Ahead
This is a copy of my forex trading plan and analysis that I share every week (for the last 10 years) with members of my forex mentor group. Last weeks analysis gave members the opportunity to make over a 1000 pips from pre-planned forex trades!
Last week my Flag Pattern, Gbp/$ trade worked with a take profit almost to the pip! This was from detailed analysis I shared with you in November and covered in more detail in recent updates and live training sessions.
900 Pip Flag Pattern Success
A forex flag pattern that gave a 900 pip win which I pre-planned and shared with members a month ago. If you combine forex technical analysis with some fundamental knowledge you can make a months profit from one trade! We have been sharing this type of forex training and copies of our trading strategies and trade plans for over 10 years.
What Type of Trader Are You & Lets Make Trading Simple
Hi, here is a copy of this week's live training session. I showed how "whole numbers" can be a big help in simplifying your forex trading I explained that you need to decide what type of trader are you? Are you aggressive? Do you prefer to trade with the trend or are...
Understanding Forex News
Understanding forex news & how it affects currency prices. Last week the Aussie unemployment figures, as shown on Forex Factory, came in as expected in terms of the % of people out of work, but the employment change was worse at-0.5k as opposed to the expected...
How to Trade Smaller Daily Ranges
Good morning all What`s up or down this morning? A couple of weeks ago in one of my Friday posts I showed you how the average daily ranges of most pairs have dropped significantly. I looked at 29 pairs and out of the 29 only one (GBP/Aussie) had a daily range over a...
Review of this weeks Forex Price Action
A round-up of this weeks trades by full time forex trader, from South Africa, Pierre du Plessis: Good morning all Don't you just love Fridays....... 🙂 It's a stunning day here in my hometown and we had a little bit of rain so everything feels clean and fresh...
A little-known leading indicator
There is an indicator which you can use which predicts the direction of the global economy, something fundamental to trading. It can predict when the economy is growing or contracting, give us a heads up in terms of if a recession is looming and also provides advance...
Live Forex Training Session, Brexit & Eu Fallout
Hi Guys, here is a recording of this weeks live forex training session. Pierre & I host this every week for members of Forex Mentor Pro. We show in advance what we are looking to trade and why. Members are encouraged to take part & ask questions and look at...
Why Use Fundamental Analysis (Part 2)
A week or so ago I wrote an article about why people should use fundamental analysis in their trading. If you haven't seen it yet, go have a look here, it's a bloody good read even if I say so myself :-). Today I'm going to look at another objection that you often...
Forex Training Webinar
Hi, this is a recording of Tuesdays live Forex Training Webinar we host for members each week. We share our forex trading plan. Trades we are looking to take and why using our strategies In the last few weeks alone we have pre-planned trades that made over 500 pips....
Why Use Fundamental Analysis (Part 1)
Why Use Fundamental Analysis? I’ve always been into economics and global macro politics, it’s something I’ve just always "got". My trouble was never actually being able to trade technically, I struggled to look at a chart and find sensible entries. So it’s funny when...
The Path to Emotional Control
Today we are fortunate enough to have a guest post by Rich Friesen, trading psychology guru, talking about emotional control and how to obtain it with forex trading. Traders have a major problem. After over two decades of trading on the floors in Chicago and San...
Treat Trading Like a Hobby & It Will Pay You Like a Hobby
This is a great article from one of my private students, Jeff L. First published in 2015 BUT whenever I speak with a trader who finally "gets it" and they now KNOW what they have been doing wrong, 95% of them admit that this is one of the major reasons. This sums up...
Amazing Webinar Replay Plus Special Offers
A few days ago Marc Walton joined Rich Friesen in a totally mind blowing webinar about forex trading psychology. This is a webinar not to miss, below is a message from Rich along with some special offers for FMP followers. Thank you for attending our live meeting...