Friday, March 14, 2008

Forex Education for Your Future

Here's a statistic that may shock you.

Of the 77 million Baby Boomers in the United States planning for retirement in the next 10 to 15 years, 75% are hurtling towards unexpected financial difficulties, including having to go back to work. Unfortunately may people won't realize how ill-prepared they are for retirement until it is to late...

Here is my recommendation. Get you financial education now!

And while you're at it, a Forex Education with Forex Journey is the way to go.

Now let's fast forward a few years and you have taken he time to invest in your Forex education, which is truly an investment in yourself. You have learned to control your risk. You have built up your account where it alone can support your retirement needs.

Plus, you can continue to grow your account trading just a few hours per week. Your skills are easily transferable to the stock and futures market. In fact, why even wait until you're retirement age start building your life now and perhaps your dreams are closer than your think!

This is all possible if you take a proactive approach and get educated!

Happy Trading!!

The Power of Expectation

One of the most powerful emotional triggers we can bring into our trading is the power of expectation. Expectations are the fuel that makes our trading goals seem to rush towrds us. Therefore, setting postive expectations is a critical component of our emotional mindset, especially when we are trading.

Here are some thoughts to help you set profitable expectations before beginning your trading session:

  • Trade to be great! Enter every trade with the expectation of making profit and not losing money.
  • Embrace the challenge of the market. It is through these challenges were growth lies.
  • Don't focus on the results. Instead focus on the process and the results will take care of themselves.
  • Believe in yourself.
  • Commit that nothing will take you off of your "A" game while trading
  • Be decisive and except full responsibility for the outcome.
  • Have positive self-talk. Negative talk will lead to negative results.

Expect to be profitable even in the face of obstacles. You have a choice. You can move forward in action or backwards in fear. Positive expectations will promote the positive results and positive results in our business always leads to profit!

This is a sample of the trading methodology at Forex Journey. We go way beyond trendlines and chart patterns!

Happy Trading!!

Taking a Cue from the Past

Last night I was doing some much needed spring cleaning in the office. I was going through that box in the closet. You know the one? The one that has been sitting there for years and you say every year you are going to get to it!

I was going through this box and it was like going down memory lane, but one of the items I came across just floored me. Back in my early days of trading the Forex market I use to write out cue cards of areas I was struggling with adjusting to the new market. Prior to driving into currencies I traded the stocks and options entirely on end-of-day trading, and jumping into the hustle and bustle of the Forex market brought a new level of emotional intelligence.

I thought you might enjoy excerpts from my cue cards. I still use them, now they are just internalized!

Cue Card #1: Daily Check List, Set up charts, review economic calendar and news, review the big picture, are the charts reversing or retracing, acceptable reward -risk ratio, why not take the trade, pull the@#$% trigger! An finally, journal results

Cue Card #2

#1 - ALWAYS REVIEW AND PREPARE

#2 - ENTRY DECISIONS ON COMPLETED CANDLES ONLY!!

#3 - SET STOPS CAREFULLY

#4 - DO NOT TRADE AGAINST THE TREND

#5 – RISK LESS IF SECOND RETRACEMENT OF MOVE

On another note…

I am getting a lot of questions about Forex Journey training. Mainly around how and where we teach. To the latter, we do daily live online training in our trading room. This room is a live, online interactive room where we are both training live at the beginning of the New York session. Your membership gives you access to this room every morning.

In the room we follow trading rules based on the Forex Journey principals of integrating candlestick and chart patterns, as well as our comprehensive approach to Fibonacci studies. While training in the room buy and sell opportunities are set up, but during the moment of truth, the decision are left to the individual traders. . Money management techniques demonstrated and trading psychology is always on the menu.

Trading in our room is the perfect way to learn to trade the Forex market. Our techniques are potable to any liquid financial market, and will lead confident and discipline trading.

Click here to begin your Forex Journey!

Happy Trading!

Special Offer - Forex Journey Membership

We are seeking Charter Members!

OK readers, this is the special offer I was telling you about. Now it is up to you to take action!

Join Forex Journey now and enjoy the benefits afforded to Gold Members for the price of Silver Membership. And this benefit is for the life of your membership! That is a $70 savings every month!

Follow the link below to take advantage of this special offer. Action is rewarded and once the memberships fill up this offer will never again be extended.

You can only join with this special rate by clicking on the link below:
Yes, register me for charter membership!

Browse our membership levels and compare benefits:
Compare member benefits!

Sign up and participate in our Forex Forum:
Forex Journey Traders Forum!

Welcome to our community of Forex traders!


Pass this on to your family and friends!!

Forex Strategy: Self Awareness

Trading the Forex market I have found to be a great analogy of life. We trade as we live, with our strengths and weaknesses. Our feeling about ourselves, our cultural views on money and abundance, and especially our perception of wealth creep into every aspect of our trading. This is the reason I place such a heavy emphasis on personal self-mastery. Becoming aware of whom we are as an individual, our strengths and weaknesses, and our perspective on life will determine how well we can deploy the correct principals of strategy and risk management and remove the mask of mental poverty in our trading.

Self-mastery is taught within the context of Forex trading, but in reality it is all about identifying who we are as a person. What drives us and what holds us back. Each aspect can help or hinder us from becoming successful traders. Identifying our personal traits is so critical to our trading that it should be brought from the back pages (usually under the last chapters of “trading psychology”) to the first page of our Forex education curriculum.

Mastery of yourself not only will lead to success in the Forex market, but also success in whatever venture one decides to pursue. Forex Journey is my journey and from personal experience I have found that to experience success trading this market you will come to know yourself. This is the primary reason why we teach life and mind skills to our gold and platinum members at Forex Journey. The 90% that don’t succeed fail because they did not acknowledge who they are as a person, which determines who they are as a trader.

Trading currency is hard, but not because of complex strategies or risk management models. Forex is hard because the market is comprised of living, breathing emotional beings that can think and act both independently and as a group. It’s the human element that makes the market what it is. Know the psychology of the market through fundamentals is mandatory, but what most people ignore is that they themselves are the other half of the equation.

It all starts with becoming aware of who you are as a person to fully understand the strength and weakness you will bring to the table as a trader. Becoming aware will lead to an understanding which in turn will lead to overcoming.

Success in the Forex market cannot be borrowed or outsourced. It must be earned piece by piece and the first piece is starts with you.

Happy Trading!!

Trade Using One of the Most Powerful Forex Trading Systems in the World!

We believe success-orientated thoughts lead to success-orientated actions and actions are always rewarded.

Are now ready to take action now!!
Forex Journey!!

New to Forex? Click here to sign up for a FREE Live Webinar designed to Introduce you to the Forex Market.

BECOME A MEMBER a learn with a community of currency traders. Click here to see what's in it for me with our membership levels!

Ready to expand your knowledge? Click here to sign up for our Online Web Seminar series. These 60-90 presentations will drill down in detail on selected trading topics to enhance your trading edge!

The secret weapon in currency trading is right between your ears and we intend to harness that weapon to YOUR fullest extend!!We are pleased to announce Forex Journey Website which features:

Live Market Training

One-on-One Coaching

Mind Power Self-Mastery in Trading to Your Strength

Live Workshops

Online Webinars and much more...I have seen so many traders look for the "Holy Grail" of trading inside the latest and greatest strategy without realizing that the true path to success lies within.

The goal of our website is to teach traders to manage 3 Key Elements: trading through sound strategies and approaches, mastering the mind through identifying their unique trading personalities and trading to the individual's strengths (no one size fits all here!) and lastly, through mastering money management principals.What makes us different? We put the trader at the center and craft success for the individual student.

Become a Member of Forex Journey! 3 membership level to choose. Begin your journey today.

Get your FREE Forex Trader's Screensaver , designed specially for traders!

Happy Trading (with Forex Journey!)

Learn Forex Trading: Which Forex Strategy Is Right For Me?

Learning to trade Forex is not an easy task, but by no means is it difficult either. Learning to trade Forex does not require a great intellect or a college degree. Doctors have failed as traders and construction workers have become millionaires. Trading is all about discipline, determination and perseverance.

The key is to understand who you are as a trader and trade to your strength. Leveraging your strength can be magnified by deploying the appropriate Forex trading strategy.

There are hundreds, if not thousands of Forex trading strategies out there. Logic will tell us that there is a currency strategy out there which leverages our strengths. It is not a one-size-fits-all world. To immediately cut to the chase and take away the magic, it all comes down to two basic Forex strategies; trend-following and range-bound.

All Forex trading strategies use a variety of indicators and combinations, MACD, Moving Averages, Stochastic, Chart Patterns, Candlesticks, Pivot Points, Fibonacci ratios, Elliott Wave analysis, Bollinger Bands and the list goes on and on. Let’s take away the magic again. These indicators and studies are merely measuring support and resistance and trend in the Forex market.

But which strategy really works? This is the age old question?

First, we must understand who we are as traders. Does our personality fit the pip sniper mode or does our disposition attract us more towards swing trading. Finding your trading personality will mean studying and experiencing the different time frames and associated Forex trading strategies. Over time you will notice a higher level of success and/or comfort trading one style over others. Pay attention! The market is telling you where your skill is more capable of extract consistent profits for the market. This is why journaling is so important to your Forex trading routine.

Secondly, if you are using someone else’s strategy, a most of us are, deploy this strategy without change until you fully and completely understand all aspect of the strategy through back-testing and actual experience. As I was told; dance the dance you have been taught until you learn a dance of your own!

Don’t fall into the trap of jumping from strategy to strategy or combining different strategies when the one you are using doesn’t yield immediate success. This is only a recipe for disaster. Take the time to really understand the trading strategy. Study the components individually so a deeper understanding of the strategic mechanisms is mastered.

Above all, know when and when not to deploy this strategy. You will not find consistent success implementing a trend following system in a range-bound currency market.

So what’s the right strategy for you? It is simple, the one that works. It doesn’t matter if it is complicated or simple, trend-following or range-bound, uses Fibonacci studies, pivot points or both. If you understand the components, internalize its use, and drive consistent profits into your trading account, then you have your Forex trading strategy.

It doesn’t matter what the experts say, your account balance is the ultimate judge and jury for your Forex trading strategy.