Forex Training | Forex Trading Videos | Currency Trading | Forex Analysis | Learn to Trade

Forex Training | Forex Trading Videos | Currency Trading | Forex Analysis | Learn to Trade
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Wednesday, January 23, 2008

FX Trading Videos | 422 PIPS PROFIT | Trading Is Not Always Roses


Forex Training Forex Trading

In this Forex Trading blog post where I show another Free Forex Video we look at some live trades showing you some real proof that with the right education and the right method anyone can master the Fore Market. We will show that MISSION PHOENIX has got 422 pips of profit, and this method is so easy anyone can do it. However it is critical that one must know how the markets behave to ensure protection.

I can not stress enough that a trader needs forex education in order to succeed in currency trading. Why is it is so critical? We will see in these next videos MISSION talking about closing trades that are very successful trades all because of a specific candle formation or because of specific things that are happening in the currency pair, and on the charts.
─ How does MISSION PHOENIX know these things?
─ How does MISSION PHOENIX know that the current price movements are over?
─ How does MISSION PHOENIX know to either close the trade all together or should to move stop losses to lock in profits?

MISSION PHOENIX knows these things because:
─ Of extensive knowledge of how the markets behave,

  • I don’t have a crystal ball
  • I have just learned how to listen to the foreign language of financial charts, It is a great symphony that once you learn how to really “hear” the music you can really enjoy living to it.

─ Only using those things that work

  • I found the secret to forex trading. What it all boils down to is that all people make trading too hard.
  • This is EXCELLENT because anyone can now learn how to trade currencies in the 4x markets in a very short time
  • Only 5% of all traders know this secret, and they aren’t telling. I’m actually going to make a lot of people mad by sharing this.
    o I’m going to make even more people mad because the brokers out there and everyone else don’t want you to master the market because they want to keep taking your money.

─ having years of trading experience.

  • Now I know you may not have years of trading experience and that you want to get up to speed and start trading like a pro as soon as tomorrow.
  • Anyone may tell you that this is impossible - Well YOU CAN!
  • How you are going to do that is by finding a mentor and a teacher that can teach you all of the things that they know and not hold anything back (or at least hold back only those things that do not work).
  • What this does is takes off the years of learning the markets (the way I had to do it), and supercharges your learning curve so that you don’t have to make the same mistakes that many have.
  • This drops years off of your trading dues. Your dues that you have to pay to the all powerful trading gods that unleash fury on new traders

Just a little investment in the beginning can save you tens of thousands of dollars gaining you trading knowledge. So with some patience and some time investment and the appropriate education you can have that account balance soaring in no time.

All of this training was not around when I started and now that I have been trading successfully I see that the training out there is not sufficient enough, that is not up to my standards of what people should be learning.

Why are my standards higher? Well friends and family are wanting to start doing what I do and I can not find anyone out there who I trust to send them too. So I’ve taken this into my own hands. So I’m developing the means to give them my training, an elite training that will help them. There is only one of me though and I hope that my posts are coming fast enough for you guys. Along with my philanthropy, blogging, developing my training courses, and trading for myself, that leaves little time.

I am also committed to helping others and that drives a lot of fulfillment in my life so I volunteer a lot of my time to making a difference in other people’s lives as well. Since that is very important to me and a core value of mine that I do not want to sacrifice I also have to find time for that as well.

So back to trading. In this video I will talk about take profit orders for the first time. I don’t use them that often because I used to and found that they limited my profit potential. Here is what happens:

─ You get in at the start of a good trend and you put in a take profit order for 250 pips profit and it’s hit!

─ WHOOO HOOO, great job 250% profit

─ Then as you feel really good about yourself you go on trading

  • Here is where many people meet their fx trading challenges
  • Many people pick the wrong times to get in on other pairs and suffer minor losses but now they still have 75 pips of that 250 left
  • Then they go to check out that old chart to only find that if they would have stayed in they would have >700 pips profit.
  • Ugh! Right!? If you would have only stayed in then you wouldn’t have had those small losses and on and on and on.

─ This is the real life of trading!!!! No one will tell you this and they will hide it in their systems that they tell you about

─ They also will not tell you that it’s never perfect, I was being very generous with the above example. Usually traders loose all of their profits plus some when they move on and try to trade other things.

Those systems out there give you the signals and they look good on paper but look at the time frame that they are on and ask yourself some questions about what trading style that is.

─ Are you at your charts for those periods of time?

─ By the time you would have gotten to your charts could you have entered a position in enough time to make a profitable trade?

─ What about the exit signal

  • Are you checking your charts are that time?
  • By the time you would have gotten to your charts would it still be a profit?

─ How about the trading style?

  • Do you have to sit at your charts looking for these trading opportunities for hours upon hours?
  • Does your wife, family, or friends complain that you work all day and then you sit at your charts all night?

─ Those systems look all great on paper, but in real life they stink

─ Really evaluate them and try to apply real life to the trades, you will find that most of the time you will lose and lose big when they are claiming great profits

So Lets Set The Record Straight

You will watch:
─ MISSION PHOENIX get into trades late
─ MISSION PHOENIX get out of trades late
─ MISSION PHOENIX be very imperfect
─ MISSION PHOENIX make mistakes on a daily basis
─ MISSION PHOENIX win big in the forex currency trading market.

How can I win so big with such a lazy proven system?
─ Because I’m a “little” lazy and I HATE to loose.
─ I sought out my method and my education and tailored it specifically for me

  • Guess what; I have found that there are a whole bunch of people out there just like me.

This works for anyone and when I started talking with some of my trader friends I found that I was making just as much as them or blowing them out of the water.

In this video we are going to see some more trades that I’m in, 5 of them if I remember correctly. MISSION PHOENIX will also show you that as traders we sometime see some losses during the trade. Does that mean that we close the trade for a loss? No it doesn’t! Not unless there is something telling you that you should close the trade (how do you know if something is telling you, because you use your education and know that the market is telling you that there is nothing wrong and to not close what is going to be a winning position, or it could tell you the opposite and alert you to get out).

In these trades We have 500+ pips profit and we will see that We have an open trade with 99+ pips loss for a total 422 pips profit in trades in 1.5 days!

Now we might stay in these trades for days or weeks? Depends, we will see, but my hunch says “NO” (Really It’s Not a Hunch, I Don’t Have Hunches, there is something telling me that these trends are close to over) and we will look at that in the video as well. I am preconditioned on these trades to jump ship at any sign of things not working out.

Why? Well we will talk about trading mentality versus the specific situation at hand and how we know things could reverse on us for a substantial correction at any time.

This is very important in trading and the key to much success and failure. Just this post alone is worth so much, and you will never get this teaching in a seminar, I’ve taken most of them and the stuff they don’t want you to know, what I’m sharing right here in this blog is what makes and keeps profits, and there is even more that I want to share with you.

We will see how emotionless I am during these trades and with profits and losses:
─ How I am able to do this?
─ What protection mechanism am I using?
─ What is it that has been kept a secret from you?

This is really cool stuff guys. Let me know what you think, feel free to leave comments on the blog below. I read all comments.

Let me know what issues you have in keeping those profits that they do not teach you how to protect, and we’ll see about getting that worked out for you.

I hope you enjoy the video; it is long at 29:12 in length.

Live abundantly and then share that abundance.

Forex Training Forex Trading

Video is 29:12 in length

Tuesday, January 22, 2008

Robert Kiyosaki Why the Rich Get Richer

This was just too good, that I had to post it. A little change in pace, I know from complete forex training, but the ideas are still the same. Also take special note, who you take your financial advice from, who influences your investing?

Robert Kiyosaki Why the Rich Get Richer

Investing in Better Research by Robert Kiyosaki author of Rich Dad Poor Dad and The Cash Flow Quadrant

Posted on Thursday, January 17, 2008, 12:00AM
A few days ago, a reporter asked me if I was losing money in real estate. My reply was, "No, I'm making money."
Confused, he asked, "How can you be making money during the subprime disaster?" I explained that since the real estate market took a downturn, there were more people renting rather than buying, which is great for my apartment business. I also informed him that I'm raising rents since demand for affordable apartments is so high. When someone moves out, I increase the rent and new tenants line up, which means my cash flow is increasing.
He then asked, "Are you looking for new investments?"
A shocked look came over his face when I said, "I've been investing heavily in the stock market since August 2007. I've moved several million dollars into the market."
"The stock market?" he stammered. "Stocks are crashing. Why are you in the stock market? Besides, I thought you were a real estate investor?"
Ignorance Isn't Bliss
As Warren Buffett has said, it's important for society to have accurate and informed sources of information. While I agree, I sometimes wonder about the intelligence of many financial journalists, both in print and the electronic media.
For example, lately on financial TV stations, the reporters have been talking about the run-up in gold and asking, "Is it time to invest in gold and gold stocks?" What a ridiculous question. Now isn't the time to be investing in gold or gold stocks -- that time was 10 years ago, when gold was below $300 an ounce. Investors should've taken substantial positions when gold was cheap. For reporters to be talking about gold today is no different than them reporting on the hot real estate market in 2005, just before the top blew off.
I had dinner with a friend of a friend the other night and he was telling me about the Rothschild formula for investing. According to him, this involves not participating in the first 20 percent or the last 20 percent of an investment run-up. Instead, it's investing in the middle 60 percent, when risks are low and the direction of the price is determined. As the asset value approaches what appears to be the last 20 percent, you sell and move on to another asset class.
As we all know, most amateurs (and, possibly, many reporters) only participate in the last 20 percent.
Take Notes
I wondered if the reporter who asked why I was investing millions in stocks was an investor himself. I did my best to explain to him that there are two things professionals invest for: 1) Capital gains, and 2) Cash flow.
I said, "The amateurs who come in at the top 20 percent of a market are generally investing only for capital gains. In the last real estate boom, the 'flippers' who got no-document, zero-down loans paid very high prices, and hoped for a greater fool than them to take the property off their hands.
"These are some of the people being faced with forecloses today. They're the investors who make the news -- not the investors who are making money."
The reporter then asked me, "So what do you invest for?"
My reply? "Both. If I can, I want both capital gains and cash flow."
I went on to explain that I was investing millions in stocks that were paying a high dividend -- cash flow -- and also had their prices battered down by the market crash, a loss of capital gains.
Spelling It Out
He wasn't the brightest reporter, since he had trouble with the idea of investing for both cash flow and capital gains. After about an hour of explanation, he finally began to understand that I'm not just a real estate investor -- I'm someone who invests for capital gains at a great price, or cash flow at a great price, regardless of the asset class. If the deal is right, it doesn't matter if it's in real estate, commodities, a business, or paper assets.
Here's an example of capital gains for a great price: Back in the 1990s, every time I had some extra cash I would buy some gold or silver. Although I didn't receive any cash flow from gold or silver I knew I was purchasing the metals at a great price, and that someday those prices would rise again.
An example of buying for cash flow at a great price is when I buy a stock that pays a dividend. I wait until the stock market dips and then buy, which is what I'm currently doing. One of the better companies I've been buying is a bulk cargo shipping company that's hauling U.S. grains to India. The more the dollar drops in value, the more grains we export. Every time the market drops, I buy more of this stock at a great price, because I love the cash flow from dividends.
Finally, an example of buying both capital gains and cash flow at a great price is when I find an apartment building at a bargain, and then increase the rents. By doing so, I increase the cash flow and the property value, which translates into capital gains.
Leave It to the Pros
When I watch professional football, I love listening to John Madden because I know he knows what he's talking about. He's been both down in the trenches and in front of the bench as a coach. He knows the game. By that token, one financial reporter I respect is Bloomberg's Kathleen Hayes. She's a savvy reporter who knows what she's talking about. I wonder about some of the other financial reporters.
The problem with much of the financial news in print and on the web, radio, and television is that it comes from journalists who may not be investors. When I listen to most journalists whine and cry about the subprime mess, the slowdown in the economy, and the volatile stock market, I can all but tell that they're not really investors. None of these events really has much impact on professional investors, who follow market trends and are familiar with the underlying fundamentals of the assets they investing in.
So the next time you hear a reporter ask, "Is this the time to be getting into stocks, bonds, real estate, gold, silver, or oil?" remember that it's probably the time to be looking elsewhere. And keep in mind the Rothschild formula of investing. You never want to be too early -- and you also never want to be too late.

Forex Training Forex Trading

I have more videos on the way, the markets have been moving pretty good lately. I'm afraid that I may be slowing down for a little while. Everything has moved so well that we may enter a corrective period, this is when I stay out and protect my profits until we start trending again.

Saturday, January 19, 2008

Live trades - 380 pips Profit!!! - Free Forex Training Video

Live trades - 380 pips Profit!!! - Free Forex Training Video

This is another video showing the analysis of the CAD/JPY and the GBP/JPY and real trades. Here I am managing my trades. I just took a look at what the charts were doing and decided to make a video of it because things were starting to reverse on me and when these signals start happening there is no telling how far it will retrace.

It is very easy to trade when the currencies are trending, I only trade during trending periods because it is so easy to make so much profit. I have found that, when people start to try to trade during corrective time frames that even though the general direction was correct and the trade entry was correct, the currency does not behave in the appropriate manner and makes the trader go through very wide ranging swings. This in turn is very hard on the trader's emotions and the trader closes out the trade for a loss or stop losses are misplaced and hit.

Enjoy the video we are doing quite well this month. I ended up closing out these trades immediately after the video for 380 pips profit.

It is very important that traders invest in their eduction. What that investment is does not have to cost a lot of money. However what a trader MUST invest in that does cost something substantial is time. Time is absolutely one of the most important aspects to trading. Don't get me wrong I only want you spending about 15 min maximum looking at charts and trading at a time, but it takes time, it takes months of 15 min sittings looking at charts. This then becomes experience and it is only experience that make you a good trader.

No can we shorten the time that it takes to become a good trader? Well for that it would require somehow sitting with an experienced trader and seeing the analysis done in the same manner that you were trained.

I have not been able to find out there in this world a place where you can receive this type of education that specifically teaches how to trade with a longer term trading and a shorter term investing approach that also mentors it's students over any desired time frame, for a reasonable monetary cost to the students. There are a few programs out there, but the style of trading they teach you require that you sit in front of your computer for hours on end and trading on charts that are much more noisy and make you incur more losses. They also cost a fortune.

Because of this injustice to the consumer and because this is special knowledge that all the free forex learning sites out there will not give you mission phoenix is developing course ware at this very moment that starts at the beginning and take you to professional level. Mission Phoenix is also going to be mentoring you and you get to decide on what level, weekly, or daily. Mission Phoenix wants you to not spend an fortune on your investment education and therefor is developing a lifetime membership of mentorship and coaching that is far less than the cost of many seminars and internet coaching packages out there.

So stay tuned for good things to come!

Live abundantly and then share that abundance!

Thursday, January 10, 2008

The Trials of a New Forex Trader - Another Case for True Forex Training

The Trials of a New Forex Trader - Another Case for True Forex Training

For this post I wanted to share a good post from a beginner out there in the market. Sometimes I take for granted my method, my education, and my results. It's hard fore me to remember the days of so much uncertainty and all of this seams so simple now. It is very important that you get to sit beside a professional from time to time. To actually do this costs extreme amounts of money, however there are a few professional traders out there that deliver this type of service through the internet via videos. It is vital that mentorship be a part of training. It takes time to start seeing the same things that the profession starts seeing. You can be trained but then people forget, they have to see how the whole thing is put together, time and time again.

Like I said there are mentorship programs out there that are pretty good. I have only found one of them that I sort of like, and I barely found that one. Remember these guys are making tons of money and could careless whether other people out there get it or not. You must find someone who is more interested in teaching and helping others as a driver. There are very few individuals out there that feel this way and that do this. That is why I am here, I'm driven to help my friends and family, and in doing so the means in which I am getting this done lends itself to everyone out there in the world.

So I found this blog post by Colin McGinley. The following is quoted and taken directly from him, and I am not the author of any of the following. Colin did a great job capturing what it is like as a new trader without knowledge and education and utilizing a method that gets you consistent results and prevents you from trading during the times that most people loose all of their gains.

Written by Colin McGinley
My first post of the new year is going to be of the slightly grisly kind. I am going to break down some of the figures that come from my trading results during December 2007.

If you read my blog last month you’ll know that I completely lost control of my trading situation and basically imploded my trading account.

Hopefully I’ll be able to focus on more positive, forward looking topics soon but I have posted a monthly review of my performance each and every month on this blog and I think it is important that I do so as usual. It sort of marks the end of one stage of my trading career and the start of another. After such a traumatic event nothing can ever be the same again.

I closed out 25 entries during December. Only eight of these entries were closed out in positive territory. Fully 14 of those entries were fatefully closed out when I threw in the towel on my positions on December 19.

My account return for the month was -79.09%. To get the true impact of my disastrous December this is what my account equity for the whole of last year looks like on a graph:

The simplified, short hand version is that I was overleveraged and did not handle my losses well at all.

There were many minor errors and mistakes in the prior weeks that culminated in this undesirable result. My trading had become ragged. I needed a break from trading to recharge my batteries but didn’t do so. I didn’t avail myself of the opportunity to extradite myself from the situation when I had the chance. I was pushing myself too hard. I was becoming impatient. I didn’t follow my gut. I didn’t step back and see the bigger picture often enough.

Obviously I want to try and make sure that I don’t make the same mistakes again going forward.

It’s pretty easy to quantify the ways in which this experience has not been pleasant at all. Losing money is never nice. Losing lots of money is even worse. Having to tell your spouse exactly how much money you’ve just lost is something I don’t ever want to have to do again. Especially when future use of that money was linked to potentially moving house or your child’s education.

You doubt if you have what it takes to be a successful trader. Your confidence takes a severe blow.

On the other hand there a few positives that can be taken from the situation. In a way I have the opportunity to completely reboot my trading approach. I can step back and examine my whole trading plan. I can pick over two years worth of trading results to try and determine what things worked well for me and what were my weaknesses.

I am currently putting in place tweaks to my trading plan, mainly on the money management side. The plan for the immediate future is to lock in these changes and to slowly start building back up my confidence by getting back into the market.

I just really love this post, and Colin I'm working hard to get you on the right track. As many of you have mentioned to me I haven't posted anything in a little while. I have been working frantically along with trying to trade on developing a course for you guys. I know my profits are unlike anyone else out there and you want to know how I do it. It very simple, yes it is, and I want to teach. So I've been hard at work developing the course for all of you. It is going to be quite thorough and well I think awesome. I can't wait to start hearing the success stories. So stay posted and we are going to start making some great profits.

Forex Training Forex Trading


Live abundantly and then share that abundance!

Tuesday, January 8, 2008

Free Forex Trading Analysis - Continued GBP/JPY Analysis

Free Forex Trading Analysis - Continued GBP/JPY Analysis

The forex markets are really fun and it's now finally great that the currencies are starting to move after a considerable time of consolidation. Our Great British Pound (GBP) vs. Japanese Yen (JPY) has turned out to be a very profitable trading currency.

Forex Training Forex Trading

Where we left off we were looking at a little Elliot Wave Analysis, We used some Fibonacci analysis as well to look at current price movement. I was also biased towards taking a long position, however notice how I did not allow my bias take over and place a bad trade. In the analysis we say cases for both positions. Long or Short (going up or going down). The deciding factor was how the currency behaved at a critical support resistance zone. When the currency broke that zone, then retested the zone and continued down that was a good low risk entry position downward.

Again we are going to take another look at this currency and see if it is now time to get it. As will most analysis in the currency market the decision is to wait. We spend most time waiting as a currency trader and that takes some patience. However, we are just looking at 1 currency, I am looking at all currencies when I am doing my analysis , and there is typically one currency that is always trending.

It is important to understand that we do not "go to the market," meaning that we go looking for entry points. Entry points should scream out at you, and then when you have the confidence and the patience to then tell that market that is screaming at you "ok, so you're telling me to get in, I'll tell you what, you continue your move and if you retest the new broken support zone and then continue in the same direction that I will believe you and then I will get in." This is called the "market coming to us." We then tell the market to give me proof, it does and we then see we have entered at the beginning of a trend.

So back to waiting. Here is another video showing that same GBP/JPY currency pair, and again we are waiting to see what happens and at this point our job is to do nothing but observe.

Video length is 9:12

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