The Secret to Trading Success - SIMPLE RULES

The most important part of trading success is "to have solid rules and following them religiously".

No matter how robust and efficient the method, if you don't follow the rules you will Destroy your account .WHY?

Because RULES (Simple Rules)
Are a mechanism to protect ourselves from our Flintstones brain. The primitive flight and fight response mechanism can be countered only by accepting to trade only by the RULES.

In the heat of the moment when your vision is blurry the RULES will work as Light Houses, beacons and torches to get you out of the darkest  dungeon and light up the path that may eventually lead you into the broad daylight of consistent success.

Discipline is the KEY.

A system is a effective only if you use it!

A simple Checklist  will ensure you remain Discipline 100% of the time.
(Its part of the T20 Principle we share with you in the Members section) 

And Remember:
Trading or Any other Success in life is at least 80% a Psychological thing. Its Mental. 20% Mechanics.

How to Make Money in Forex

A Very Important Question ...

A very simple answer .. [note I did not say easy]

Do I need to worry about Leverage or Margin?

Well, before we talk about leverage or margin and whether to use margin or not.

Let me address a rather more v.important aspect to this concept of trading, all of course, in my humble opinion.

None of the traders are ready for trading. That is why there are protections. I would consider myself lucky that I can find brokers who'd allow me trade a demo account with nearly the same prices and executions (executions really does not matter on the higher time frame though a pip above or below my po or SL is no issue there) Again, I'd like to stress on the fact that LEARNING TO TRADE CORRECTLY is a necessary requirement  before you decide to  trade a live account. Going for live account without first completing for instance 5 batches of T20 principle  would be, in my humble opinion, a very stupid and reckless thing to do. You'd rather give me your money.  :p

Trading is a skill that requires a lot of practice. Its a VERY lucrative skill but it requires practice. You must first make sure you have the following things.
1. A Trading Strategy which gives you an edge [aims methods have this covered]
2. Acquire an in depth understanding of the above.
3. Gain practical experience in the above.
4. Demo trade the strategy and maintain a discipline score for each trade and batch of 20 trades. Do at least 5 batches ( 5T20's)and maintain an average of 70% discipline score with none of the T20 batches less than 50% score (if a batch has less than 50% score, you might want to scratch that and repeat it).

This is a rough guide to How to become a Disciplined Trader. 

I'd like to suggest that in order to become a profitable trader you have to follow at least 2 steps.
1. Learn to Trade using a demo account.
2. Learn to trade using a live account.

Not so difficult to understand is it? Just two steps. Now, by demo I don't mean that you open a trade here and there and close it haphazardly. The idea is to recreate an experience and environment that is similar to the actual but without the RISK of losing money.  This would give you that "stress free state of mind" the one that is "Risk Free".

If you have not yet been able to keep at least a demo account and remained "disciplined" you cannot move forward. We see many players doing net Practice and they look fantastic but they fail miserably when it comes to "matches". [cricket analogy] 

Because during practice we lacked an important ingredient. FEAR/RISK. However to trade demo without Risk or FEAR factor is EXACTLY the purpose of Demo Trading. You want to perfect your skill so that it becomes "second nature". So, to become the best at what you do, you don't have to play as many matches as possible rather you practice as many hours as possible before you go for a match. So that you don't have to "think" what to do next during the live event, rather you KNOW exactly what to do without "thinking". Its your instinct.

[Are you telling me demo is waste of your time? then you don't believe in or does not understand the concept of Practice. And Yes, you have to write one beautiful Trading Plan, before you can trade, Else every trade will be classed as Zero Discipline Score] 

I'm trying to help the members who connect with me through Skype, and the hunt section of the forum, to become profitable by first becoming disciplined traders. In a way i'm selling the idea but the intent is purely to help. 

cheers and hope this helps a little...

ps: i don't care what leverage is there, its irrelevant until you have learned to trade correctly, you must first learn to trade. Just as I don't care how expensive is Formula 1 car, first I need to acquire the skill to be considered for driving one. And I don't have that skill so Formula 1 racing car is "of no value to me". Fun to watch though, those who can. 

GU 200 Pips Winner

Has your trading strategy produced a 200 Pips winner on #GBP/USD today? 

AIMS Stress Free Trading - The Seed produced 3 signals on cable today. Current Running profit as I write is
1. First signal at Frankfurt Open Risk 8 Pips Reward  +195 (still running)
2. Second signal at 9.00 UK. 1 hour after London Open Risk 22 pips Reward: +150 (still running)
3. Third Signal at mid day, Risk 15, Reward +125 and Running...

Total Running Profit: ???? you do the math... I'll show you where to get this method...

>>>>>BUY NOW

ps: there was also signal on EU. Risk  7 Reward 60 (still running)

AIMS Skype Live Trading Room...  This is what we said in the morning... (Pointing to the Entry Signal) 

Small is Big and Big is Small 

5 main obstacles keeping you away from success

1.    Fear 

Overcoming the fear of losing money.  The fear of losing money is real. Everyone has it. The difference becomes how a rich and poor person handles the fear. Wealthy individuals use failure as a teaching moment and aren’t afraid to fail.

2.    Cynicism 

This deals mostly with those around you. Follow your own path, because at the end of the day, wealthy individuals are a small percentage who go against the grain and don’t follow the crowd

3.    Laziness 

One must be willing to put in the time and effort to build up their financial knowledge. This means being selfish and taking time out to build one’s personal wealth.

4.    Bad Habits 

Reducing expenses is easier said than done, but one must be willing to break those bad spending/investing habits in order to be successful

5.    Arrogance

Always be willing to reach out to those who are successful and those you want to emulate. To become wealthy, it’s often a collaborative effort, bouncing ideas from prospective mentors.

.............Robert T Kiyosaki, Rich Dad Poor Dad (Highly Recommended Book) 

3 Points to Consider before Choosing a Forex Trading System

When it comes to getting yourself into Forex trading, one thing you may be wondering about is
the Forex trading systems that are out there.

There are plenty of options to select from and even more opinions on if you should use them, how you should use them and which ones to use.

Before you can make a decision about this, you should consider what the trading system can actually offer to you and why it may or may not be the best option for your particular needs. Some systems are no doubt better than others.

There are many systems out there and some of them are definitely going to be a better option than others are. The key here is not to buy a system or use a free one, based solely on that factor but to know what to look for.

3 Things you need to consider before Buying a Forex Trading System
Before you give the thumbs up to a system please check if it gives you the following 3 things.

Match The System with Your Style of Play

1. The first thing you need to consider is that the trading system needs to work with your own style of play. In other words, no matter if you are a long term swing trader or if you are a short term day trader, the system needs to work for your particular goals and your particular needs as such. But the question is do you really know what is your "style of play"?

2. Next, consider how the Forex trading system addresses clear entry and exit signals. No matter which system you invest in, it is critical that you know that the system has these types of signals and that they work perfectly.

If this is in place, this means there is no chance for your emotions to come into your trading. You want there to be 100 percent mechanical rules in place to protect you so that you do not make bad decisions at the wrong moment. Well not 100% because that is not realistic when it comes to trading with you need to have a set of parameters "objectively" define for each situation in the market. e.g. What would you do if the market moves in an upward of downward trend but the trend is either too fast or too slow? What would happen if the market suddenly spiked 100 pips in your favour? etc

3. There should be some set of defined rules on stop loss size and placement. Money Management is KEY. Many trading systems you will find out there do promise to provide you with high returns. They may or may not be able to deliver on this promise. If they are going to deliver they need to have good money management rules in place.

You want there to be a stop loss placement so that you can avoid seeing your trading capital erased too fast based on just a few trades.

No matter what you chose, you have to have a Trading System because without it you'll be lost. Trading requires you to treat it like a proper business because it is a proper business and business planning is key to any successful business.

You select the right one to use in your trading. A trader without a plan is heading towards disaster. Trading is a pattern recognition numbers game. You need an edge and that edge is provided by AIMS Stress Free Trading. 

AIMS Stress Free Trading System Offers you answers to all of the above

AN OBJECTIVE ENTRY SYSTEM

• AIMS gives you a crystal-clear entry mechanism with a simple and easily understandable entry setup.
• AIMS Stress Free Trading takes the anxiety out of trading by applying three simple rules to create two clear entry setups. 
• We know our entry level within a second.  

A CLEAR EXIT MECHANISM

• AIMS Stress Free Trading exit setup offers two options of exiting with profit. One exit technique is for normal moving markets; the other is for fast moving markets.  

SOUND MONEY AND RISK MANAGEMENT

• The success of the AIMS strategy is based on its sound money management techniques. Our money management and risk control helps us increase our return on investment. 
• AIMS money management and risk control take into account the market conditions. The AIMS strategy allows you to increase profitability when you have winning trades and give little away when you have a negative trade. 
• AIMS techniques allow you to control your risk to a bare minimum and provide a potentially higher risk-reward ratio.

THE MIND

• We believe that trading is at least 80% mental. The ultimate goal of a trader is to achieve the state of
• “Knowing without Knowing how You Know”. It is that mental state that we call “The Zone”. 
• The correct mind-set and attitude is the key to trading success. We have two simple techniques to help you remain calm and stress free during trading. 

Consistency is Everything

I just want to say, Consistency is everything. 

Trading is ALL about Consistency. If you find a system, you do reasonable backtesting and some forward testing and you find that it gives you a statistical advantage (an edge) then the next step to take is simple. Just trade it. 

One must stay consistent. IF you keep adding or deleting indicators to your chart day in a day out you probably are not consistent. And how can you be consistent if you keep changing the environment for your mind and your eyes. Your eyes must see the same picture over and over and must not expect changed picture everyday. Meaning, if you keep using different templates on a weekly or daily basis, consistency will be hard to achieve. 

Beware The Template Syndrome: So I urge everyone to select a template and then forget about other templates. If you're like many of us, you probably have over a dozen templates in your mt4. I've seen some people when they click on their templates button two or 3 columns appear, yes hundreds of templates. But that leads to nothing. Our first indicator is price, you can add 2-3 more derived indicators anything more than that would just complicate things. Trading is ALL about consistency. and "Consistency = Patience + Discipline. "

If you want success in trading you must treat it as a business. You must be thorough. You must keep a journal and record everything. Accurate recording leads to better faster learning and helps with consistency. In a phrase successful trading is nothing but acquiring a personality trait. Being Consistent.

Let this be your new years resolution. To remain consistent so that you may find success and remain consistently profitable. 

The Benefits of Achieving Happiness

The Benefits of Achieving Happiness

All fairy tales usually end with the words “And they lived happily ever after”. Everybody is constantly striving to achieve their expectation of happiness. So what is it about happiness that is so perfect? Here are a few benefits that being happy can give you.

You're Healthy and if you get sick you get better Quick!

Happy people are more likely to have a stronger immune system. They are also shown to endure pain better. Did you also know that happy people are less likely to suffer from depression and there are also fewer suicides because happy people just have better coping skills?

Happier People live longer and of course healthier 

People who are always looking on the bright side of life, tend to live longer than pessimists. So what are you waiting for? Have a new positive outlook today.

Happier people find more Success at work

Happier people are more productive at work. When you are happy, not only you feel better, you also have more energy and are able to focus. This increases productivity and creativity. They tend to be more satisfied with their jobs and more happiness shows higher income! Unhappy people are more sluggish, distracted and they are also less productive at work. When working with clients, clients are also attracted to one who emits a positive emotion. A happy person exudes confidence and this confidence will attract more clients.

Happy people have better relationships

People are always drawn to happy people. They would want to be around a happy person. Like attracts like. Your whole life becomes happier because you have established a warm and loving character. Your family and friends also become happier. Furthermore, your children respond well to positive thoughts and positive emotions. You will get your children laughing around and growing to happy adults too. In addition, your spouse will also be more loving in your response to your happiness.

So what are you waiting for? Happiness has many benefits and there are no downsides to being happy. So make a choice to be happy today!

So I wish you You, Your Friends and Family

A Very Happy Joyful Christmas
and a Fun Holiday Period   

Be Happy Spread Happiness

Love and Be Loved 

May You Achieve What You Seek! 

The Importance of Training for Peak Performance

"Nothing is more common than the notion that you learn to trade by trading. I humbly ask you that you check that premise...

"Every Performance field I have researched progresses from knowledge acquisition to skill drilling to simulated performance to real time rehearsals.

Do Great Things While they are still small

The Sage (Snorm) does not attempt anything very big and thus achieve Greatness

Greatness comes from being in the moment here , present, in the now

The Sage  confronts difficulty but never experience them. This is the idea of thinking Small."

4 great articles on successful forex trading

I'd like to share 4 great articles about successful forex trading. They cover the most important aspects of trading successfully.

1. Four  Self Defeating Trading Habits you need to break  by Nial Fuller - Nial is a an awesome trader and a gentleman. Visit his website for great trading ideas and more amazing content.

2. Beginners Guide to Metatrader  If you're completely new to trading or forex trading this article has great information on how to use the most popular forex trading software.

3. Learn Forex Trading at the School of Pipsology So you'd like to learn to trade forex? Well look no further. Visit Babypips forex trading school. They have put together all the information one needs to learn to trade the amazing currency markets.

4. The art of Position Sizing for Forex Trading The difference between novice traders and experts may be simply their understanding of risk and position management. Professional traders know when and how much to risk and how to manage their risk.

Hope you enjoyed these articles. If you'd like to be notified of new posts to my blog please subscribe to our mailing list (Look to the right of your screen) 

What is Success?

Success can be defined in many ways but in trading Success is defined simply as follows: 

Trading Success is the process of consistently following a trading plan that gives you statistical edge in the market. 

So success is not simply hitting winning trades or avoiding losing trades. Trading success is a process. Its not a one time event. Trading success is considered a success only if there is consistency in it.

One thing is for sure, its not about how many trades you win against the number of trades you lose. Its about consistently applying a trading plan that will allow you to win consistently. And winning consistently means that the total outcome at the end of a certain number of trades is a positive number.

You may have a strategy with 60% losers? So how do you make money if you lose 60% of the time? Well that's pretty simple. When you win you win big when you lose you lose only a small amount. More on this inside our Members Only Forum.