A Traders Universe - Stock, Futures & Forex Trading
System Development for Creating Wealth
Forex
Trading Education - For The Forex Trader.
Are You Looking For A Forex Trading System Or Trading
Course?
It's an
extremely hard choice to make when deciding where you want to
invest your education in the form of a decent forex trading
education. For the sake of choice I have found some Forex Trading
Courses that you may find interesting.
Below are
Forex courses written by Forex Traders themselves in the attempt
that they can help improve someone's financial situation. Of all
the one's listed I have made comments on the ones I am able to make
comments on, to give you a better idea.
There is a couple
of questions you need to ask yourself.
1) One is, do you
want to be trading full time, or part time? Trading part time,
doesn't just mean you only trade a few hours a week, etc, it also
means you only have a few hours a week to devote to study, and
every course will have study you must complete.
2) Two is, do
you want to be a trader who concentrates on more of the fundamental
side of things, or the technical side of things, or do you want
something that is mechanical. I will answer these questions as best
I can with what I know about some of the courses below. But in the
meantime, please read on....
If your
new to Forex trading and the thought of spending lots of money on
Forex courses scares you, my only answer is that you get what you
pay for. To better explain this, lets just say you buy a book for
$50. Well, the first thing you are going to be faced with is how
much time do you have to study the material presented in the book.
If you don't have much then a $10,000 course will do you no better
than a $50 book. So you get what you pay for, and if you aren't
prepared to pay the price of time, then you're going to find
success quite difficult.
To me
this is more important than the actual strategies themselves, so if
you do decide to buy a course, be prepared to study. Having said
all this though, some other points to note when buying a course is
to find out whether there is support available. Obviously, the more
you pay the more support you should expect.
Another
point to note is ask if some of the testimonials can be contacted.
I get contacted all the time about Peter Bain's course and for good
reason. He is asking around $500 for his course. Of course I always
give glowing reviews for Peter because his whole system of support
is probably second to none (although I do expect some emails from
some who claim their's is better and that is healthy).
Take your
time to research any course you are looking to purchase, and
understand this - just because a web site looks all snazzy and
promises big rewards you shouldn't just dismiss it. Marketing is
what it's all about and unless someone markets something, how on
earth will you ever find out about it (except for word of mouth).
The only true way to find out what's beneath the surface and behind
all the hype is to ask questions, and if you don't get the answers
you seek, then look elsewhere.
Happy
Trading
Dean
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Ideal for
those wanting a mechanical approach, however it does allow for
more advanced users to apply some discretion.
Ideal for beginners
Will
suit both those who have little time and those who have a
lot.
Forex Trading Machine
 |
Just
recently I was alerted to a trader by the name of Avi Frister, who
has been trading for 11 years and has developed a mechanical way of
trading Forex, called Price Driven Forex Trading.
I have never found a
good mechanical system for Forex and so over the years have
developed my own discretionary system which I am happy with,
however when I saw this, I had to check it out.
There are three
systems available, and although Avi trades all three however, you
don't need to.
One system is for
those with little time available. This swing trading system sticks
to the GBP/USD pair and will trigger on average about 4 trades per
month. The time it takes to seek out these trades is about 1 minute
per day! The length of the trades are about, a day or two. The
results of his previous trades show quite an impressive
return.
The next two systems
are for day traders.
One is for those that like to trade pre London, and early London
sessions, and requires a few hours.
The second is more active and may see you trading several trades
during a session, however can be traded at any time.
Some of the benefits
are as follows - | |
|
Completely mechanical:
There is no room for subjectivity. There are simple rules to enter
A + B = C, and simple rules to exit. As simple as that!
No indicators: All
systems are based on price and nothing else. There are absolutely
no other indicators, no trendlines, no pivots, no fibonacci, no
oscillators and so on, something I admire!
Sticking to one or two currency pairs: One system is for GBP/USD,
and the other two are for the EUR/USD however you can choose to
trade the GBP/USD or the USD/CHF pairs depending on your tolerance
to volatility or your need for more.
3 systems to choose
from depending on your time available: If you can't trade
intra-day, then the swing trading system is for you, however you
are still only in the trade for a day or two. If you have plenty of
time then you can trade one or all three.
There is a section on
money management: Extremely important.
Profit targets are
bigger than risk amounts.
You will have
confidence in pulling the trigger because you don't have to make
any other decision other than pulling the trigger.
If you are one of
those Forex traders who hates to make decisions, needs a steady
return over time, wants something mechanical with easy rules to
enter and exit, hates indicators, then I strongly recommend you
check out Avi's Price Driven Forex Trading
Check it out here
at
Forex Trading Machine
Like I said, I got
myself a copy and so I have read the whole book from start to
finish. I think if you are on those Forex traders I just mentioned
above, then this is for you. |
Ideal for
those looking to understand more of the fundamentals of the forex
market and what drives price in the long term
More
suited to those with some experience in at least placing a forex
trade
Better
suited to those who have more time on their hands if you want to
utilize Dirk's approach
Bird Watching in
Lion Country - Retail Forex Trading
Explained
 |
Bird
Watching in Lion Country is a comprehensive look at the mind of a
very successful forex trader, who understands the forex market.
From the marketing techniques involved, the leverage trap, the meat
of what moves currencies, right through to Dirk's own method
for trading.
There is
lot of information to absorb in Dirk's book, however I feel after
reading it, you will know more about the forex landscape than most
fund managers and investment houses that speculate on the forex.
You will also gain a far better understanding of what it is a
broker and market maker must do in order to remain profitable. In
most cases traders are unaware that this comes at their
expense. |
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What actually
attracted me to this book in the first place was the title! I mean,
what on earth does bird watching in lion country have to do with
forex trading, but I can tell you this, it has a lot. Imagine an
unsuspecting bird watcher, camera strapped to his neck, who decides
to wander into the wilderness without a guide. As disturbing as
this sounds, imagine this same bird watcher deciding to pick up
what appears to be a large brown stick poking out from the
other side of a bush. Well, that stick is the Lion's tail! In
forex land, we traders are the bird watchers and the Lion is
Forex.
Most traders are
walking into a trap every time they sign up for an account. Bird
watching in lion country takes you on a journey through the
marketing techniques used by the forex brokers and market makers
and gives you the knowledge to stay one step ahead.
While I have placed a
lot of emphasis on the marketing of forex, there is also a large
amount of time spent on understanding the forex market in general,
and this information is not what you'll find in all the
regurgitated web sites that offer nothing more than stolen articles
on forex. It is the nuts and bolts of what drives the markets, and
coupled with a thorough explanation of fundamental forces, it will
give readers a very independant outlook on currencies. So much so
that you'll find yourself being more correct on long term views
than most of the so-called experts.
There is a lot of
information on leverage and how it is very misunderstood. In fact
after reading this book, you will know that the leverage offered to
you is not leverage at all, and in fact has everything to do with
you! You'll learn that ultimately, there is no difference between
leverage of 100:1 and 400:1.
Finally, you'll get to
see how Dirk trades. He has a unique style that does incorporate
charts, but also a very powerful 4 step strategy. If you are
someone who wants or likes to understand why things work, and
become a very knowledgeable student of the forex markets, I highly
recommend Bird Watching in Lion Country.
For more click on the
following link.
Bird
Watching in Lion Country - Retail Forex Trading
Explained
P.S. I
have this book and feel it is in my top 5. I have also read it more
than once and it does get better with each
read. |
Ideal for
those who prefer to trade using Technical Analysis
Ideal for
beginners or for those struggling
Can be
used by those with some time or a lot of time
Peter Bain Forex
Mentor
 |
Peter
Bain's Forex Mentor, is just that, a mentorship
program.
This was how I started
my forex journey quite some time ago. It is a very technical based
program, relying on just a few technical indicators including price
itself. Peter uses a top down approach and enables students to
experiment with a variety of set ups if that is your wish, or you
can follow Peter.
The point to the
program is that you have a very large amount of support. A question
to Peter becomes a talking point amongst the whole membership
base. |
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You can
send in examples of recent trades and Peter will go through them
with a very high level of care, but he will also make his analysis
live to all. Now when I say live, I mean that 4 times a week, Peter
does what he calls his AM review. His AM review is
a visual presentation of the following
-
- His own trade from
the most recent trade session and how he analysed the trade (he'll
even include the ones that go wrong)
- A section for
beginners to familiarize themselves with the program and the many
resources available on the web site
- A review section
where he takes all the questions sent to him, including pictures of
charts etc, and analyse the trade for the benefit of not only the
sender but for all those that watch the AM review.
- And much
more
Peter has been using
this method of trading very successfully for many a year. He began
his trading career trading futures but now believes the forex
market is the best in the world.
The course is mainly
aimed at beginners, with the intent of creating not only successful
traders, but those with a thirst to learn more and become a more
advanced trader, should that be your wish.
There is one final
thing that must be made mention of, to do with Peter's course,
and that is the Big Dogs. Peter's background involved working with
very large companies who's trading of the futures and currency
markets is of the elite. This means these people, the big
dogs are paid to get it right.
Peter teaches you how
to follow the big dogs like a car in the tail wind of a truck. The
benfits of following the big dogs is to gauge the longer term moves
of the markets (from a few weeks to a few months), and I found this
to be one of the greatest tools ever taught. There is no
fundamental teachings when it comes to the big dogs, just a simple
technical appraoch which will amaze you!
This is a course for
those with some time during the week, although a full time approach
is not necassary. It's bias is technical analysis, however
because Peter has a very good understanding of fundamentals, he
passes this information on when he deems fit.
If you are the sort of
trader who prefers to deal with technical analysis, wants
support, and wants to be able to expand, then this is for
you.
Visit by clicking on the following link.
Peter Bain's
Forex Mentor
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$$$

Forex Trading Strategy
A team
consisting of a top level PhD Mathematician, a computer wizard and
a behavioural psychologist are behind the invention of this ebook
valued at $97, although at the time of writing was being offered
for $67. The idea is to teach you how the herd think. In the
example diagram, it is shown that the herd get in at A when the
trend is almost over, only to be scared off at B because the smart
trader was in a lot earlier and is now taking profits. If however,
some of the herd have managed to stay in beyond B, such is the
relief to get back some of their losses, they are happy enough to
get out at C, with a smaller loss, only to see price take off
again.
Forex Trading Strategy
$$$

Forex Trading
Course
From the same authors of the forex trading strategy.
Obviously for more beginner type traders with a more conservative
approach to trading. Ebook sells for $67, although at the time of
writing being offered for $47.
Forex Trading Course
$$$

Simple Forex Trading
An ebook selling for $49. The author emphasizes that fact
that their system is simple, but also allows you to evolve as a
trader. There is also no time restraints, meaning you can trade
anywhere from the 10min to the monthly.
Simple Forex Trading
$$$

Forex- An Investors
Resource
Ebook selling for $37.95 covers everything from the basics
to advanced concepts involving both technical analysis and
fundamental analysis.
Forex- An
Investors Resource |

Guide to Profitable Forex Day
Trading
Based
on a system called the 'CI System' which is part mechanical and
part discretionary. This product comes in a 2 part ebook valued at
$92. The basis of the strategy is finding large one day trends
which occur at least once a week.
Guide to Profitable Forex Day
Trading
$$$

The Day Trade Forex System
Currently sell
three courses, each for $99.
Course 1 The Day Trade Forex System:
The Ultimate Step-By-Step Guide To Online Currency Trading is aimed
at the beginner, gives a general overview of technical analysis and
a step by step trading system to get you started. It is aimed at
those with little or no experience.
Course 2 The Day Trade Forex System:
Advanced Trading Course written for intermediate and advanced
traders giving specific applications of technical analysis and a
step by step "Secret Weapon" trading system to day trade. It also
comes with two new automated trading systems that are available
through their recommended trading platform.
Course 3 The Euro Fractal Trading System:
How To Maximize Forex Profits Trading EUR/USD Fractal Breakouts is
their newest trading system, obviously written for the EUR/USD
pair, but is also aimed at intermediate and advanced traders. The
system is based on non-traditional technical analysis (fractals)
along with a step by step Fractal Breakout trading
system.
The Day Trade Forex System
$$$

#1 Forex Trading
Course
This ebook course sells for $47. Has past trading results
which look good, however they only go to 2005. The theme of the
course is to obviously teach you to become a good trader but places
a lot of emphasis on finding the right broker and uncovering a lot
of secrets within the forex brokerage arena. They also provide an
email alert service.
#1 Forex Trading
Course
$$$

Surefire Forex Trading
This ebook sells for $97 and is based on a set and leave
strategy that can be employed in any time frame.
Surefire Forex
Trading |
FX Power
Course -
Forex
Currency Trading
Made Easy -
Forex
Forex for
Everyone -
Forex
Bindal Forex -
Forex
Forex
Educator -
Forex
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