FOREX THE ULTIMATE DREAM JOB

Every day billions of human beings leave the comfort of their warm secure homes to make their way to that dreaded (just over broke) job, that they loathe.  They work like labor animals with just enough money to almost make ends meet.  Most are in debt making payments on the necessities of life, like a car for example, to allow them to better accommodate the (just over broke) job.  The off day they get is just enough to take care of their errands before they begin the much dreaded and hated cycle again. The (just over broke) job takes precedence over everything including family and church, it is the one call we must answer to survive leaving everything else second to it.

Wouldn't it be wonderful if there was a way to make an incredible living doing what You loved everyday?  A passion that allowed an unlimited source of  income and ample time for the people You love the most.  A place that You could get Your fill of sleep everyday, take off whenever You'd like, play golf after a few hours of work and allowed You to decide when You'd get a raise in pay.

If You trade forex, You have such an opportunity.  It will allow for a very very lavish lifestyle, with You investing as much or as little of Your time as You desire to achieve the level of desired comfort in Your life.  It allows You to take off whenever You want, to sleep in as much and as long as You want.  It  rewards You for showing up, watching for the right opportunity and taking advantage of it.  Wow, aren't we most fortunate!

Forex will reward You with everything material thing that You want and seek in this life and even more than You can imagine.  It is an almost limitless storehouse of wealth.  With more than 4 trillion dollars a day, it can provide You with more wealth than your family can spend in 12 lifetimes.  The secret to tapping into this supply is DISCIPLINE.

Yes, forex is work, so make it reward You for showing up.  Take advantage of every money making opportunity it gives while You are in attendance.  The wealthiest traders in the world have the same opportunity that You have everyday.  They just cease it and make the market work for them.  You too can join the wealth party.  It is open to Y-O-U!  The price for entry into this party is trading a good plan with superior discipline!

YOU CAN DO THIS (^_^)!

I LOVE IT WHEN GOD DOES STUFF LIKE THIS

I love it when GOD does stuff like this. In my meditation the other day I opened my eyes and saw this picture of a dollar sign in two roses that I'd hung up to dry. I had to laugh out loud because I love it when GOD does this kind of stuff. I love knowing that GOD is paying attention to my life and let's me know it (^_^). That for me was a reminder that GOD is the GOD of abundance and has everything under control.

There are no limitations except for the ones that we place on ourselves. When we look at nature, everything testifies to GOD's generosity and love of abundance. GOD is the unlimited source and knows no lack! Open Yourself up to receiving more good from the GOD who so dearly loves You and wants to see You prosper. You have to do what our LORD CHRIST has instructed (If thou canst believe, all things are possible to him that believeth), You have to believe!

Quit preparing Your mind to struggle, there is only pain in poverty. Start training Your mind to believe in good for Your life and enjoy this wonderful journey more!

I loved this and just wanted to share it with You and remind You that the Great GOD is paying attention and wants You to prosper in good (^_^)

YOU CAN DO THIS (^_^)!

THE FOREX TRAP GAME

Every day big forex players set traps for little less experienced traders, and as they predict most of the less experienced and sometimes the more experienced traders fall in and lose their monies. Why???? Because trading forex the right way takes the extreme level of discipline that the big players know most people don't possess. The inexperienced trader often possesses the same knowledge as the pro, but the difference between the two is in the execution. The pro will trade a good plan with a very very high level of consistency while the less disciplined trader will try to wait out traps that he has fallen into with the hope that the market will eventually turn and come back in his favor sometimes losing days of sleep waiting for this miraculous turn about. This is the trader that big banks and institutions love because it is this poor undisciplined soul that the banks count on to make their nice lavish livings. It is the truly disciplined profitable traders that the banks lose paper on.

Everyday the banks and institutions use their financial advantages to move price in an artificial direction for a short period of time often creating what looks like a legitimate profitable trade set-up. The traders who see this advantage quickly follow the price move only to find themselves trapped soon after the move has begun. Now this is where the banks find their feeding ground as they know that only a handful of traders have the discipline to cut this small loss and wait for a better trade set-up. They know that most traders are going to cry, pray and beg GOD to do what they had the power to do all along; the next thing You know most of those guys have gotten a margin call and a large amount of funds are transferred from many many small traders who often can't afford it into a few large fat accounts.

This happens day after day after day and the sad thing is most traders don't get it and end up in a debt hell that creates their worst nightmare on earth; while the victors are laughing about their score all the way down to the bar where they will spend a few thousand dollars before they retire for the evening waiting to play the same set-up on unsuspecting traders the next day. It is the sweetest money making deal on earth, and it never changes.

DON'T LET THIS HAPPEN TO YOU!!!!!!
BE SMART AND FREE YOURSELF FROM TRAPS IMMEDIATELY!!!!!!!!!
DO NOT MOVE YOUR STOPS, IF YOUR STOP IS HIT, IT IS PROTECTING YOU FROM GREATER LOSS.
IF YOUR STOP IS HIT IT MEANS THAT YOU DON'T HAVE THE ADVANTAGE THAT YOU THOUGHT YOU DID AND YOU WILL JUST HAVE TO TRY AGAIN.

TRADING WITH DISCIPLINE IS THE ONLY WAY TO ENJOY ANY REAL SUCCESS IN FOREX. When the market traps you in a disadvantage, it will devour you without mercy!!!
SO FREE YOURSELF FROM EVERY TRAP!!!!!!

Wait for a proper trade set-up and when You see an advantage, go where the money is going.
Don't allow the money to move too far against You, otherwise Your goose will be cooked.

It happens everyday, don't allow them to keep tricking you the same way, and unless you trade with superior discipline, STAY OUT OF TIGHT CONSOLIDATION, it is too much of a gamble....

YOU CAN DO THIS (^_^)!

RISK MANAGEMENT

THE TWO JOBS OF EVERY TRADER

Traders obtain all kinds of knowledge, build successful trader's vocabularies and spend a fortune on classes, webinars, robots and other complicated systems trying to learn to be successful in the market. The problem with most traders is that THEY COMPLICATE TRADING, heck You don't have to do many things in forex to be successful, but there are two jobs that every traders must master in order to be a true success in forex.

Job #1

PRESERVE WEALTH

Job #2

BUILD WEALTH

Number 1 is much much much more important than number 2 because You can not build on wealth unless You first preserve what You have got. I believe that not preserving the wealth that they already have is the number 1 mistakes traders make.

Preserving wealth and building wealth, doing these two things consistently will bring You more success than doing many complicated things. The traders who are successful are successful more because they are disciplined than they are smart. After some education most of us know the same things; so why is it that a few people are successful here and most are ever grasping at success, but never fully tasting it. It is because while we all have the knowledge, only a few will practice it consistently. I am not successful because I know more than You, I am successful because I am willing to do what most traders fail at. I first preserve wealth by cutting bad trades quickly; secondly I build wealth jumping back in when I see an opportunity and letting the really sweet fat trades run and run and run. As a trader, You will have more chances to enter bad trades than You will good trade, so make the good ones really count.

Successful traders can pass along ideas for forex mastery and success, but no one can really tell You the best way to trade because there are many ways to be successful in forex, but once You have honed in on a good system, trade it consistently and You will come out ahead. No matter which system or time frame You choose to trade remember Your two jobs everyday............

PRESERVE WEALTH!!!!

BUILD WEALTH!!!!

YOU CAN DO THIS (^_^)!

THE 5 DEADLIEST WORDS IN TRADING

AH, IT WILL COME BACK, these are the five deadliest words in trading..........

They are the words used by traders to comfort themselves as trades move against them, depleting their wealth. If You find Yourself using these 5 deadly words, then that is a trade that You should have already cut.

Many times we used these words fully confident that the market is going to come back in our favor, but these are the words used by every broker trader before they go bust. NEVER TAKE A CHANCE ON SOMEONE PULLING THE FINANCIAL RUG FROM UNDER YOUR FEET!!!!!!!!

As a trader You have 2 jobs everyday
Job #1
PRESERVE WEALTH

Job #2
BUILD WEALTH

There are crazy market days when it is NOT WHAT YOU EARN, IT IS WHAT YOU KEEP, that's more important to Your bottom line.

If Your account balance is $50,000.00 USD and You have a trade going against You at -$45,000.00 USD, then You only have $5,000.00 USD. The $50,000.00 balance gives traders a false sense of security. PLEASE PAY MORE ATTENTION TO THE EQUITY IN YOUR ACCOUNT THAN TO THE ACCOUNT BALANCE. Your equity is where Your TRUE WEALTH lies. If You are comforting Yourself by looking at the $50,000.00 balance instead of the -$45,000.00 that's devouring Your account; You are deluding Yourself. YOUR EQUITY IS WHAT COUNTS, SO PROTECT YOUR EQUITY!!!!

SUMMARY
The three most important lessons of this blog post are:

If You are telling Yourself, 'Ah it will come back", that is a trade You should have already cut. These are the 5 deadliest words in trading.

Your #1 job in trading is to preserve Your wealth!

Your #2 job is to build Your wealth!

YOU CAN DO THIS (^_^)!

GOLF AND FOREX

Forex for most traders is like a very expensive golf addiction. Everyday they play their little hearts out, but never make it out of the sand trap. The more they play the deeper in debt they get.....

WHY????????

Why is it that You have a handful of traders that truly become forex masters while the rest remain amateurs???????

It's simple really........Losing traders hold on to losses, while talking themselves out of following profitable trades. It is a vicious cycle, holding losses because of fear, blowing up another account, adding money to your account with your credit card, saying this time will be different while struggling to pay bills and climbing deeper in debt. Sound familiar????????????

This is not the way this game is suppose to be played, yet for MOST traders this is the harsh frustrating reality. The brokers who trade against You count on You holding losses so that they can send their children to Ivy League colleges, drive fancy cars and send their wives to those swank salons. The more traders hold losses the better lifestyles brokers enjoy.

Forex is suppose to pay You, not be a continual vacuum hose draining Your families wealth. THE #1 CAUSE OF FAILURE IN FOREX IS LACK OF DISCIPLINE!!!

Any forex master will tell You that forex is not hard, it is the discipline to consistently trade a winning strategy even through a series of losses that is hard. Forex is psychological warfare, it creates a kind of prisoner of war mentality for the losing trader, whipsawing him around back and forth, stopping him out until he is so confused that he doesn't know which way to go. When the real trading opportunity presents itself, he is too scared to enter and if he does enter he exits too soon because he is always on pins and needles waiting for them to trick him, so instead of riding the trade for the full profit, he jumps off while he has a little safe profit.

The #1 predictor of forex failure is the inability to cut a bad trade. IF YOU CAN NOT CUT A BAD TRADE, IT IS IMPOSSIBLE TO WIN HERE. There are a ton of systems teaching You tricks and strategies; but few tell You a critical truth that if YOU CAN NOT CUT A BAD TRADE, then eventually You WILL SURELY LOSE no matter how big Your starting balance may be.

A healthy prosperous trader is different in that he sees a good set-up and enters, if he sees that the advantage is lost, then he recognizes it for the trap that it is and quickly gets out, preserving as much capital as possible for the better trade. A trading star realizes that he can always earn back whatever was lost and even more.

If You take a hit, don't consume Yourself with the amount loss, CONGRATULATE YOURSELF for being smart enough to save your wealth to take advantage of the trading opportunity that will allow You to increase wealth.

It is an old but very true saying, especially in forex, 'A STITCH IN TIME SAVES NINE!' In other words cutting that bad trade will save you from digging a deeper hole in the sand trap of debt and allow You to begin to build instead of deplete Your family's wealth.

All successful traders trade with superior discipline. LACK OF DISCIPLINE IS THE KILLER IN THIS GAME.

The best thing about forex is that You don't even have to be that smart to do it. Any man of normal intelligence with the patience to wait for a good trade set-up, the strength to cut a bad trade and the patience to ride profit to fruition can do well here.

EXPECT TO SUCCEED IN FOREX. IF ANYONE ELSE CAN EXPERIENCE SUCCESS HERE, YOU CAN TOO!

YOU CAN ABSOLUTELY DO THIS (^_^)

HAPPY PROSPEROUS TRADING 2012!