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

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

Forex Training Forex Trading

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!
-Mission

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.

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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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Free Forex Training Video - Possible Trade Entry Video GBP/JPY

Free Forex Training Video - Possible Trade Entry Video GBP/JPY

Entering and exiting a trade is everything when trading. It's all about timing. Here is a great example of the forex market behaving as it always does. When I first looked at this chart the emotions kick in and it looks like a great opportunity. But then when my experienced eye kicks in I see that the move is almost over and I should not join the crowd. Instead my technical analysis tells me that it is time to wait.

I and you too should be doing a lot of waiting in the forex market. If you are waiting then you are trading. If you are always trying to make something happen, then you are a member of the heard.

There are always entry and exit signals that have specific technical analysis basis, those entry and exit points are the tools that make very successful traders.

I also mention in this video the difference between trading systems and trading methods. A trading system in a hard core set of rules that governs entry and exits, whereas a trading method is what an experience trader uses. A trading method is a method of trading based on special knowledge and experience, it understands that each situation is different and allows the user to make more accurate assumptions that a trading system can. A trading method is a living and breathing method whereas a trading system is not. A trading method is much better suited for the living, breathing markets.

I hope you enjoy the video looking at technical analysis of the GBP/JPY. Please contact me and give me your feedback, or comments.

This is a 25 min Video. Wanted to let you know before you dove into watching it.

*UPDATE* - since this video was created you can see that the support resistance zone was broken and the currency pair is headed down. I will continue to stay out of this pair on the short term until something more substantial starts to happen. I am anticipating something relatively soon, but it may be after the new years before anything really starts happening.

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Live abundantly and then share that abundance.

It's time to make the world a better place.

-Mission

Free Forex Training Video - Protecting Profits in the GBP/AUD Part 4

Free Forex Training Video - Protecting Profits in the GBP/AUD Part 4

Hey Everyone,

Some interesting things happened on this trade. Well I say interesting when really this is kind of normal for the forex market.

I'm so accustomed to the forex market that when you guys come to me for help that I typically respond with what are you talking about, it always happens likes this. This has been actually been an interest of mine over this past month. I have a retirement account that I am still managing and it has just been funny lately, when really it is the same old thing. I've just been growing accustomed to the forex markets. Friends, I always tell people that they need to trade at a minimum of 3 months in a forex demo account before live trading.

Please hear me on this one!!! Look at the gains that I am getting on these trades...it is realistic to double your account every couple of months. REALLY LISTEN TO ME NOW!!! If you could double (that is 100% rate of return on your entire account balance) in 6 months (and we can do it every 3 or 4). Is it worth it to take a little break and "LEARN" the markets, get a feel for the markets, get all messed up like me because you are accustomed to the forex market. This is what you want...I cannot stress enough how lucrative this market is. Now outside of brokers, we have to be better than them. Only 5% of the traders out there can have the success that we are seeing here. Stand by be and you will be in that 5%.

So how to we double our accounts? lets say I risk 3% of my account balance on every trade. I have $10,000, so I riske 3%...that is risking $300. Got it? if not contact me, I want you to make money...so please ask me, I WILL answer any question you have. So we trade with $300. Lets say that I can average 100 pips per trade (I believe I am averaging about 135), So that means that I am make $300 on my 1st trade. I then have $10300 and I riske 3% = $309 (so we stick with our .3 lots or $300 risk) (1 lot trades in the forex market = $1,000 of currency, this would be trading with .3 lots = $300) So now we make $318 with our 100 pips profit. So now our account balance is $10,627. What is 3% of $10600? It is $318. So we are sticking with our $300 risk or .3 lots.

BORING...right!!!! So If I'm making a little over $300 per trade on average (forget the compounding interest), how long does it take to double my account balance. 34 trades is how long. Well I get this many pips every other day or 2 or 3 days. So that is why I say you can double your account balance every 3 or 4 months. I make BIG PIPS, period! That how I trade, my mediocre trades are 100 pips, I get 200 - 700 pips all of the time! I have even had a few 900 - 1000 pip trades. Trading in this manner is also the easiest on you, it's the funnest. I mean how many people can turn $100 to $1000 in one to 4 months time?

HONESTLY....its REALLY boring though! This is not fast money....Could you? Well yes, I'm tempted all the time....(Mission....you make 100 pips profit all the time, why not risk 50, 70, 80% and make some big bucks).....well, it never works out that way. WHY? Emotions! Its a lot easier to see a -100 pip move on $300 (it's only $300 and I made that yesterday), and so I am confident in the indicators and the trends and everything else (yes, I make mistakes too when I enter the market but the overall trend takes care of everything). Then the trade works out...it always does, and I can manage the trade better that way. But when I see that I'm -$7000 on an account, no one can take that kind of loss in a day, or hours, or even minutes in this market. So you close the trade for a HUGE loss!

So if you are looking for excitement (pants flaming and leisure suites in Manhattan), then you've come to the wrong place.

All we do here is make money, in a very boring way. Sorry for the disappointment....but I at least hope that you like the video!!!

In this industry we ALWAYS use stop losses!!!! PERIOD! Now I have traded without them, but this was a big mistake. Don't loose $15K on one trade like I did because of no stop loss. Yes, I have lost, so listen to me when I harp! Lucky I make $17,400 a few hours before on 4 trades. It still REALLY hurt though. I couldn't trade for a week after that.

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Have fun guys!!!

Enjoy



Live live abundantly.
-Mission

Part 3 Stop loss-Free Forex Training Video

Free Forex Training Video - Protecting Profits in the GBP/AUD Part 3

Hey Everyone,

I'm glad that you've made it back. I'm continuing to show you what kind of profit potential you can make and how we can lock in profits using stop losses in the forex markets.

This is a short little video showing you that I'm moving the stop loss to another support / resistance zone where I know that if it breaks that zone it will continue to move the opposite direction for a more substantial retracement.

I'm locking 134 pips profit and sitting at about 280 pips profit for the trade.

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So I hope that you enjoyed this little video and please "digg it" to the right as this helps other people find this great information so that we can protect them as well. Believe it or not, the more people that find this great industry the better trading opportunities we will see.

If there is a certain topic that you want me to cover please get in touch with me and I will focus on that topic next.

Live abundantly!
-Mission