The Simple Trick I Use Daily to Trade like Professional Forex Traders without Getting a Finance Degree

The Simple Trick I Use Daily to Trade like Professional Forex Traders without Getting a Finance Degree

The Problem: The Fear of Losing and Stress of Trading

What happens in your brain the moment you enter a trade? What is it that changes how you thought about that trade? 

And how do you feel when the trade loses you money? What are the thoughts that keep you up at night? Do you wonder whether you should have taken that trade or not? Was there a better way to manage risk? 

Traders hate losing money and often give up on their dreams of forex trading profits and success because they are too scared of losing. Well if you’re one of those people like me and 99% of other forex traders then this Cool Trick might CHANGE the way you trade forever. 

Understand The Problem

Whenever we trade we assign a certain percentage of our total account as the risk for that trade. I understand that you apply this core concept to your trade, and if you don’t you definitely need to read about it. Assuming you understanding the basics of Risk Management and How to Take a trade in the Forex market, 

Let's Now Consider 1% Risk as the COST of buying an Item. 

Suppose you have a business of selling  perishable item. Perishable items have a shorter limited life span. Say you’re in the Fish business, without access to modern fridges and freezers. (Just an example off the top of my head, let's not argue about technology ok haha)  Suppose you hire a stall in the fish market for a day. So your fish can only last the Day in the Market. IF you don't sell it today, and since you don’t own storage facilities, the fish will have to be disposed off. They value of the rotten fish, as we all know is $0. 

So lets count Inventory Costs: Suppose It costs you say, $100 to buy 10KG of Fish. 

You want to sell it for $200 so that you can make a profit at the end of the day. 

Now, in this example, you might have to pay the costs of getting the stock, the market stall might have a charge or commission. 

This is not so different from the forex market. Just like the fish business you would end up paying spread or commission in the Forex Trading "business" which is really a smaller proportional cost. In this case you hire the trading platform (which the brokers give you for free) this is your Market Stall, and most importantly they LEND you the FISH, that is THE MONEY. 

Point to Note here, I know a lot of beginners don’t even know they take a loan sometimes even 100 times bigger than their initial investment when they trade the forex market with 1:100 leverage. 

So the next time you take a trade think about something like that. Create this visual anchor in your mind and use it over and over again. It does not have to be a fish it could be a cake, a curry, a fruit juice or even a time slot in a market place. 

Suppose you are selling a service and you hired a spot in the busiest shopping centre. Every minute you spend their is your cost and it is NOT coming  back. Suppose you paid $100 for that time slot of say 4 hrs. Every hr is costing you $25 dollars. You need to sell your service worth $100 to cover your costs. 

Anything above that $100 is your profit. 

Now think about your trading account. Suppose you have $10,000 in your account. You receive a good valid trading signal. You calculate 1% Risk for this trade which would be $100. Suppose you’re trading the 5 Min chart and your strategy suggests a 10 pips Stop Loss. That would equate to risking $10 per pip. In this case you need to make 20 pips to create that 100% profit margin. 

Think of that SPACE between your Entry Price Level and the Exit Price Level ,i.e your Stop Loss level, as THE SPACE YOU OWN in the FOREX market. The 10 Pips is your STALL, The Rented Space. Yes, Think about Hiring those 10 pips for $10 a pip. Imagine that you’ve actually paid or agreed to pay the rent amount for those pips. And you always pay the Rent. 

Cool Trick Visualisation of Renting 10 Pips Space in the Forex Market

Now imagine price hit your take profit level of 20 pips. You made 20 pips at the price of $10 per pip that equates to $200. You made back your $100 Rent cost and a nice juicy $100 profit on top. 

The biggest mistake forex traders make is that they call it a $200 profit. When in fact it is a $100 profit on a $100 Cost. 

When you start to think about your Forex trading Business in this manner you will have a better trading mindset that will lead to more forex trading profits and remain consistently successful. You will think of Forex Trading as your Serious Forex Business. 

Doing the same thing for years - IT WORKS

Simple Tidy Setup 1 entries will do you a lot of good.

No need to invent a new method every week or month.

We've been trading this same method sine 2009. It works ...

Some lovely trade ideas on #eur/jpy #usd/ujpy #usd/chf today

Here is euro yen.

A lovely Setup 1

Earlier I went long USD/CHF it was interesting trade.

Just a simple Hunt Long Signal in to possible 5 up. We can always target the TZ1 area.

Do You Want Daily Live Minute by Minute Step by Step Market Analysis?

Hi

Have you ever been a part of a vibrant loving and helping trading community? I doubt it.

Over the years I have found that it sounds like a great idea to every one that if they can just access a good trading room they will be able to see what others are doing and learn to trade from them. But it does not happen because the environment in the trading rooms is poor, negatively charged and just not good.

I don't know how, but in our chatroom we have managed to create an environment where you will find love, respect and great trading and learning environment. In fact I urge all the AIMS members and future members to commit themselves to be part of the chatroom. Why?

• Because you will learn to Identify The Setup - How to Make Entries . 
• You will have the chance to see the setup develop as the charts are printed minute by minute. 
• You will be able to ask questions during the sessions and fully understand what the Setup is. 
• You will also get prompted to possible Buy and Sell orders with Stop Loss and target point levels. 
• All your questions will be answer instantly. 
• You will see what others are doing and how individual traders end up trading the same market a little differently every time. 
• You will gain confidence while you're surrounded by safety cushions. 
• You will learn about Risk and Reward
• You will learn about statistics and probability :)
• And you will LAUGH! and Have Fun .... 

Come and join us TODAY... Trust me , you're gonna love it. See you inside... 

6 Percent Growth Dollar Yen #USDJPY

Here is a post from my journal ealier inside our Member's Only Forum. 


Today was a good day on EU M1 but I did not really catch the small moves but did pay rent here and there. an overall negative day on EU M1. 

But meanwhile I was playing UJ since last night on H1. 

I Went short Last night, held on all night, market did not break down, instead reversed and broke above, Sam commented "nice break on UJ". I already had a Long PO by then, exactly at the SL level of the short trade. It closed the short for 1% loss and long trage was triggered with 25 pips SL. Later there was a beautiful SEED trade. I took with 1% risk based on only 9pips. Closed both entries on a Fruit signal banking a total of 6% Minue 1% then plus 2 and plus 5. A great friday. 

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Spend 8 Min Trading Grow Your Account by 40% each month

Hi

In 2010, we started trading with our Unique Euro Dollar (EUR/USD) Strategy and it was a huge success. We traded it, we grew our accounts and we mastered it. Now that we have mastered our Main EUR/USD Strategy we have now expanded the scope of our trading. As our accounts grew we needed to adapt to ever changing market conditions and expand the scope of our trading.

Over the past 4 years we have learned new techniques and methods and further refined our trading skills. This year we have learned and successfully applied a technique that allow us to take very small risks with 10 folds multiple in rewards.  I  talk about 10 pips risk to get 300 pips trading only 8 min daily. Sounds Interesting? 

We now take 10-15 pips risk yet we are able to hold on to our trades in access of 100 - 300 pips. Eg. We took a trade on USD/JPY that required an initial risk of only 13 pips max with a possibility of a 10 pip risk available.

Our new technique has many advantages namely:
- Reduced Trading Time to 8min per day
- Even More Objective Entry Mechanism.
- Clear and Defined Exit Mechanism.
- A money management technique that allows you to Enter The Zone.
- Trade management techniques that helps you trade Stress Free and in The Zone.

In a Nutshell - It is an Integrated approach that squeezes a huge scope of goodies into a tiny little Candle. We call it The Seed.


USD/JPY Live Trade Example 
We have now locked over 250 pips on that trade. This trade alone has brought confirmed 12% account growth with a possibility of 30% account growth. We are in the process of teaching that technique to other AIMSters right now. Join Today to Learn more...

Initial Risk 13Pips Reward 300 Pips 1: 23%. Amazing Risk Reward Ratio