Forex New Year Resolutions for 2014

With the New Year come New Years Resolutions.  You know, that to do list for the first couple weeks in January that collects dust for the rest of the year.

Happy New Year

from Trang, Thailand

Don't fall into the same trap this year, you know the "I make good trades but occasionally I make some bad ones and they wipe out my account" trap.  Just had lunch with someone that is in denial about his trading.  I hear it far too often.   Guess what, you are a bad trader.  The good news is I can help!

It is easy to be overconfident after a few good trades.  Just like it's easy to drive your car around the parking lot when you're learning to drive.  I'm sure you have friend that say "I'm a good driver" and you know they "occasionally have accidents".  Guess what, they are bad drivers.

This year, do yourself a favor and be honest with yourself, get a coach that can fine tune your trading. Just like a golf swing that needs tuning.   Don't be that golf hack that "is a good golfer", doesn't need coaching, and ends up with a lousy score time and time again when hitting a few rough spots.

Happy New Year, and stay out of the rough!

Russia Privjet

Some days it's great  be trading the Forex market.  Actually make that most days.  Lets face it, if you are consistently making profits and can trade for a living then you have one of those jobs that you enjoy waking up to.  Except it's not a job.  It's freedom.  Freedom to travel anywhere, do anything.

I was going to travel to Europe this year and go back to my roots to Vienna Austria where I was born and raised but then I ended up moving to Thailand and thought I'd delay.  Well what can I say, I just couldn't wait and why not do both?    So after a few successful trades I had made my "vacation" money to go to Europe and I started shopping for a flight.   Turns out Aeroflot had the best deals and since I was connecting in Moscow anywayI decided to stay there for 3 days to check it out.

I have to say I was pleasantly surprised by Moscow.  It was European (moreso than "Russian") and embedded a powerful image of Russia into my memories.   A great city, lots of great sites, and more importantly I now have an insight into Russia.  It's true what they say...

The only thing you buy that makes you richer, is travel!

You can read and hear all about a place, a nation, people, but there is no substitute to travel and experiencing another culture for yourself.

 

All pictures taken by me :)

The same goes for the Forex Market.  You can read all you want.  Study all you want.  Hear all you want from other traders.  Make or break that demo account all you want.   But nothing prepares you for the real world until you are using real money.

80% of traders break their real account in the first month,

The other 20% do okay and very few of those do great.

Can you guess which traders do the best?

The ones that take on  a coach to show them the ropes and give them real feedback.  Unbiased feedback.

When you want to explore another country you go there, you get yourself a tourguide, a local that knows the lay of the land and can give you a unique insight and perspective in just a few hours.  Try it on your own and you'll end up spending days missing out on the real world.

Do yourself a favor, get yourself a Forex Coach and start trading the markets feeling comfortable you have the support and guidance you need to survive the Forex Market.

Yep, I'd ride my Motorbike here

Only a few months ago I visited Bangkok for the first time and was in awe of the traffic. 

I thought to myself, no way do I ever want to drive here.  Not in a car and definitely not on a motorbike.

A few months later I'm driving a car in Phuket.  Not long after that I'm riding a motorbike and zipping in and out of traffic, passing cars, getting from point a to b in less time than a car without the need to find or pay for parking.  Sure it gets a little hot or wet at times but overall it's a great way to commute and enjoy Thailand.

Now that I'm back in Bangkok again I feel confident I can ride my motorbike here. I'd even prefer it over walking those awkward sidewalks, cramped streets, and fighting off panhandlers.  
Funny how ones perspective changes.  Equally interesting is how one adjusts to the big city in a flash.
Day Trading is quite similar.  It's like riding a bike, once you get back on, you are quickly peddling like it was your first bike.  And all that experience riding your bike, or day trading, comes in handy as it guides you. 

Then there comes that day where you take out your bike and you face a new challenge or you figure out a new trail, or you upgrade to a motorbike and one day take on Bangkok.   In trading you have your comfort zone, you have a system or strategy that you know that works. And as you get more experienced, you start riding that traffic like you ride those waves in Hawaii, like a champ.  You might even figure out some new tricks, some new strategies and systems.

All in all, the Forex Market is exciting.  It's an experience.  It's always changing and yet it's as it has always been.  A good platform, broker, system, and strategy are not enough.  Experience is key.   A great way to get insight on the Forex Market is to sit down with a pro, someone that has been trading the Forex Market for many years and can share their experience.   Just an hour with an expert can be as powerful as a few years on your own.   If you don't have one, I recommend you take on a Forex Coach.    For more information have a look at my Day Trading Course.

Panya's Testimonial

Just a couple weeks ago I took on a new student from Bangkok.  Panya, an established business man and family man with a few years in the Forex Market.  He had tried many different strategies, systems, and fallen into the pitfall of EAs (Expert Adivsors) aka Robots.  You know, those get rich quick schemes that if you're lucky works for a short amount of time before wiping out your account.  Panya had gone through the ups and downs and had enough of false signals and EAs.

Panya flew to Phuket to meet me and start my Forex Day Trading Program.   We met at Central Festival Shopping Mall and had a great chat over lunch, about Forex, Business, and Life in General.

He signed up to my course on the spot and we rolled up our sleeves and started our first session right there and then.  We could have just as easily done it over the phone and internet but meeting sure was a nice touch.  I like to meet my students face to face.  I love nothing more than seeing them engaged, smiling, laughing, and catching that aha moment.

At the end of our first session, 2 hours later, he had this to say:

"I have learnt a lot from you today.  About Forex and life in general.  I'm inspired.   The $1000 I spent on your one-year-course, I would have paid just for the 2 hours you spent with me."

2 weeks later, I am happy to say that Panya is doing well.  Here is an exert from his email:

"I have been trading and your strategy has proven to work very well.  I have been trading my live accounts when time permits and have made money. You might not believe me but i made $11,000 on Aug. 27th by trading 1-5 lots per order and here's the proof (a snap shot from my iPhone). My capital was about $6,000."

 

 

Disclaimer:

Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors.  The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts

Forex Day Trading Course

Before you Waste Another Cent
on Day Trading Seminars
that do not work

READ THIS

If you are looking to learn day trading, and how to make money from the Forex (Currency) Markets, then this is your opportunity to learn day trading from someone that has been at it for over 5 years.

"Give me just one hour of your time

and I GUARANTEE you will make more profitable trades!"

My program is simple: Hands On Personalized Training and unlimited support, for an entire year!

All this for only $1500.00. Compare to most half day seminars that cost more and leave you with more questions than answers.

FAQ
Q. If you're a successful trader, why charge for the course?
A. My time is valuable and a free course is under appreciated.

Q. Why not make money of the markets instead?
A. I teach for fun. Trading can be solitary, plus I only need 1 or 2 trades per day.  Quite frankly I'm good at teaching and like making new friends.

Q. I don't have any money. How about I pay you back after I make the money from the markets?
A. I only deal with people that are serious about trading. Nothing good is ever free in life and comes at a cost. If you're looking for a get quick rich scheme, move on.

Q. How much money can I make?
A. How long is a piece of string? Your performance depends on you.

Q. Can you give me stock tips?
A. No. I trade Forex aka Currency Trading. It's far more profitable and easier to master.

Q. Can you guarantee me that I will make money?
A. No. Your performance depends on you. This is not a get rich quick scheme.

Q. Why haven't I heard of you?
A. I'm not after fame. I simply trade for a living.

Q. How many students do you take on?
A. Only one per month as my trading and life style keeps me busy.

Q. Where does the course take place?
A.  Over the internet, in the comfort of your home. Or live in Phuket, Thailand.

Q. How do we start?
A. Use the contact form and tell me why I should take you on as a student.