As a professional Forex Trader something I get asked often is “why can’t I tell others what trades I’m doing?” Why can’t I provide a “signal service”
My answer has always been that I’d rather teach you to trade for yourself than have you rely on me to make your trading account grow. Also signal services have a pretty bad reputation – they promise a lot and deliver little usually. That’s because most people have an expectation that us “professional traders” can make vast sums of money very quickly.That leads many signal service providers to make exaggerated claims and even maybe produce false statements because without that no one would be interested in a service that “only” makes 10% a month.
Why apprehension? Because this service will provide “real” trades based on four hour forex charts using simple indicators and price action to determine trade entries and simple but consistent trade management with a view to catching the rare, but hugely profitable big moves the markets sometimes make. Along the way risk is reduced and most trades turn out as small winners, but with of course a reasonable number of losing trades also.
It’s a fact that has taken me many years to absorb, that we trade 90 out of 100 trades and only break-even (talking longer term trading here – 5 minute charts are somewhat different!) It’s just the last 10 trades that make profits. These are the 10 most profitable trades and can add up to significant profits – but they take time to come along. You can’t make the market give you profits! The best way to trade is to be defensive, lose as little as possible whilst “allowing” the market to give you profits when the time is right.
Like many things in life trading is about being in the right place at the right time. You can’t make money if you’re not in the market so my way of trading is to err on the side of taking too many entries and manage the trade to reduce risk quickly in the knowledge that sometimes, just sometimes, the price will go your way and keep going!
Many people will find this a difficult way to trade as there can be some long losing runs but they’re kept small compared to the occasional big winners which over time will put us ahead.
There's a list of signal service trade alerts since January 2011 here together with more details about how to join the service.
We now have a FaceBook Page where you can keep up-to-date with Free Information, Updates and news that will help your trading. IT’S HERE
Feel free to “LIKE” the page and of course tell all your friends – let’s get more people making profits trading..
You may know – or not (where have you been!) – that FiveTicForex and HowToDayTrade are being discontinued as separate entities and being combined into a new website http://www.howtodaytradeforex.info/ This new site is aimed at REALLY giving everyone what they NEED to trade successfully.
So there’s 3 new courses for whatever level of knowledge you currently have – there’s a Live Trading Room – Daily video tutorials, One to One mentoring and lots of FREE Information. PLUS, of course, FiveTicFOREX will still be available as part of the whole package. The site IS NOT YET QUITE READY – but will be running within a few days and we’ll get back to you then.
As from Oct 8th HowToDayTradeFOREX will be offering Free access to a one hour live webinar where a different topic will be explained and discussed each week, and you can ask whatever trading related questions you want and get a Professional traders answer.
You just need to register for whichever week you want HERE (you can attend just one or every week – it’s up to you)
Since starting to train aspiring traders some 4 years ago with first FiveTicFOREX and later HowToDayTrade I have met some truly wonderful people. Some of these were already professional traders who, like me, wanted to be able to pass on their knowledge and experience to others and help them attain their goals in trading. The new “Forex-Academy” will enable this to happen
We are four professional traders with a passion for getting others to trade successfully through first-class “real” education and on-going mentoring and as a result the existing FiveTicFOREX and H2dt courses will be assimilated into the new courses.
Existing clients will of course continue to receive the same support as now but will also have priviledge access to the new courses/mentoring.
I’d like to therefore offer everyone a final chance to grab a copy of either course – at a discount – before they disappear forever.
Just click on either course link to the right (In the BLOGROLL) for details and there’s a short video explanation following.
The 2010 update maybe somewhat overdue but finally has arrived and will take FiveTicFOREX’s results to a whole new level.
You’re going to have loads of questions, many of them I’ll try and answer in the video here but if not then do use the “Contact Matt” Link. I’ll post some of the more frequently asked questions here in a day or two.
5TicForex has been around for about 3 years and of course there have been people for whom it doesn’t suit, either their time available, their personal circumstances, or their character.
So I then produced a course that is “based” on the same market theory I have and use for 5ticForex but it’s the “bones” of How the Markets Work and therefore How you can trade them in a way that suts you.
