Risk comes from not knowing what you are doing.
There are 3 criteria to determine which currencies to buy:
a) The currency must have relatively higher interest rate than other currencies. Naturally investors want to invest in currencies for their yield.
b) The nation must have budget surplus. Budget surplus means that the nation is earning more than it spends.
c) GDP growth must be healthy and positive. Healthy GDP growth increases confidence to investment community and hence higher probability of capital appreciating.
After determine which currency to buy, we will check out the trend of the currency. The saying that "the trend is your friend" is always true. We will use our trend strategy to determine the medium term trend of the currency pair. It is easy to ride with the trend rather than the go against the trend. Move onto next step if trend shows uptrend.
Next we need to find out the behaviour of the currency pair that we want to trade. This can be performed using our FX Behavioural Software. After finding out the past behaviour of the currency pair, we can use this information to generate buy / sell signals. We will proceed to next step when the signals show buy.
We will always buy near a support level. If the current price is far from support level, we will wait for better entry level.
Finally we will determine where is our stop loss and target loss. Make sure that we do not risk more than 2% of our capital for each trade. All forecasts are a matter of probabilities, not certainties. Hence all trading decision must come with managing losses. By risking only 2% or less for each trade is our way of managing losses.
This is how we trade and we have been doing well in our trading. See here for our track record.
How do we trade Forex?
Where is the bottom for EURUSD
If this support level is broken then EURUSD will be moving towards 1.1800.
.From Tactical Trading Academy
When did our software call for sell on EURUSD?
Our software has signal sell on EURUSD on 9 Dec 2009 at 1.4694. Current rate for EURUSD is at 1.2876, profit is 1,818 pips.
You can find out more about our software here:
http://tradingeducationprogram.org/fx-software-tool/
http://tradingeducationprogram.org/2010/02/20/fx-software-tool-2/
http://tradingeducationprogram.org/2010/01/10/audusd-has-signal-buy-for-audusd-at-0-8888/
http://tradingeducationprogram.org/2009/12/26/fx-software-tool/
Compliment from my student who had bought the software:
http://tradingeducationprogram.org/2010/02/02/comment-from-my-student/
If you sign up for our forex education program and purchases the software at the same time, we are providing a package price of USD300. This means that the effective cost of the software will be reduced to USD100.
If you are interested to purchase the software, send email to us at metal.commodity@tradingeducationprogram.org. Coaching on installation and testing will be provided.
Danger about getting Emotional about Forex Trades
Getting emotional in the stock market is the worst thing that can happen to investors. The same goes for Forex traders as well. Seeing paper losses in everyday trade is pretty common.
Once to take a decision to buy something and make losses, you still hold on even if situations turn from bad to worse, only because you feel that things might turn back in your favor once again. The main problem here is that, the decision to stick to a losing trade for a long time is an emotional one, since you are in no mood to accept a loss and get out of the trade.
Forex market is largely influenced by the general market and you must always trade on what the indications based on the market are, and not just initiate one since your heart tells you to. At times, you might be so emotionally attached to a given currency in the Forex market, that most of your exposure to the Forex market would be in that particular currency.
Nothing wrong with it, as if you have reasonable grounds to believe that the currency will do well, then you will actually profit from the exchange. The ‘wrong’ thing is opening up a trade in a currency just because your heart tells you to.
In the case, if you strongly feel about any given currency, then it’s better to check the reality by having the look at what the market is indicating. That will give you a clear picture of whether or not you should trade in that currency.
The basic thing that is needed to be remembered is that once you have initiated a trade, and are incurring paper losses, and by all indications, things are likely to get even worse for you, then it is much better to book losses and come out of it rather than sticking to it till a time you ultimately are able to see some gains from it. Remember, the markets have little room for emotions.
Forex trading is not a win-win situation. Be prepared to lose on some trades as well. That’s the precise manner in which the market works. It is not really a question of whether you are right or not, the fact remains that markets move in an unexpected way and they have a knick of surprising people when they least expect it. All the fundamentals and even experience may be thrown into the air when the markets decide to do something.
So just follow the indications that the market gives you. If you feel that after initiating a trade, things are not going the way you had foreseen, book your losses and get out of it. You can invest the amount in some other trade and make good gains rather than sticking to your losing trade.
Learn Forex from a Real Trader
If you have been observant enough, you will see that there are many trading courses advertise on newspaper and internet websites. Are those educators as good as they claim to be? Are those educators profitable traders themselves?
Well I doubt so, because these educators do not show their trades publicly, how do I know if they are good? Only profitable traders are qualified to be trading educators.
We are the few forex educators who post our trades publicly (in our website here). We post both our winning and losing trades. As you can see below, we do not have 100% success rate but we have more wins than losses. Hence this shows that we have a proven strategy.
If you are interested to learn this strategy from a real trader, send email to us at metal.commodity@tradingeducationprogram.org.
Track Records:
150 pips profit generated in the month of March 2010: See here.
259 pips profit generated in the month of February 2010: See here.
324 pips profit generated in the month of January 2010: See here.
591 pips loss generated in the month of December 2009: See here.
96 pips profit generated in the month of November 2009: See here.
171 pips loss generated in the month of October 2009: See here.
490 pips profit generated in the month of September 2009: See here.
327 pips profit generated in the month of August 2009: See here.
228 pips loss generated in the month of July 2009: See here.
1259 pips profit generated in the month of June 2009: See here.
24 pips profit generated in the month of May 2009: See here.
313 pips loss generated in the month of April 2009: See here.
345 pips profit generated in the month of March 2009: See here.
525 pips profit generated in the month of February 2009: See here.
317 pips loss generated in the month of January 2009: See here.
699 pips profit generated in the month of December 2008: See here.
857 pips profit generated in the month of November 2008: See here
781 pips profit generated in the month of August – October 2008: See here
EURUSD: Open Buy Trade
Good support at 1.4800
Both CCI and Williams have signal buy
Buy EURUSD at 1.4850
Stop level at 1.4770
Target level at 1.4980
FX Programming Trading put to test
On 21 Nov 09, we had written an article on FX Programming Trading. The article mentioned that if you have been using this software to trade USDCHF since 1st Jan 09 till 20 November 2009, you will grow your capital from US$10,000 to US$12,960.
To prove that this software does work, we have to put this software to a test. We will reveal what is the last trade signal for USDCHF and you can monitor yourself if this signal turns out to be a profitable or a losing trade.
According to the software, the last signal generated is at 5th Dec 2009 (yesterday). It has generated a sell signal when USDCHF was trading at 1.0165 (shown by the arrows below).
We shall review the performance of this trade over the next few days.
Regards
Forex educator
Tactical Trading Academy
FX Programming Trading Part 2
Last week I had posted the article "FX Programming Trading" and some of my readers ask me if this software only work for USDCHF. Of course not, this software can be use for various currency pairs.
I shall show the result of AUDUSD below:
The chart shows that if you have been using this program to trade AUDUSD from 1st January 2009 to 28 November 2009, your capital will grow from US$10,000 to US$11,376.
Below shows the analysis of the returns:
Gross profit is US$4,056.68
Gross loss is US$2,680.14
Total trade executed: 58
Profitable trades: 39 (67.24%)
Losing trades: 19 (32.76%)
Largest profit: US$298.34
Average profit: US$104.02
To buy this program, first you need to be a student of our Forex Education Program at Tactical Trading Academy. This is because you need to learn the strategy of our system. Then you can choose to buy the system. The pricing of the system is very reasonable and affordable.
If you are interested in our Forex Education Program or our system, please send email to metal.commodity@tradingeducationprogram.org.
USDCHF: 82 Pips Profit
Support formed at 1.0080 so decide to take profit.
Buy USDCHF at 1.0093, profit is 82 pips.
Original trade:
Sell USDCHF at 1.0175Stop level at 1.0230
Target level at 1.0075
USDCHF: Open Sell Trade
Sell USDCHF at 1.0175
Stop level at 1.0230
Target level at 1.0075
Kindly note that all trade postings in this website are delayed. Only subscribers and students are able to receive live trade updates via emails.
FX Programming Trading
Below shows the program that I have used for my own trading as well as for my students.
The chart shows that if you have been using this program to trade USDCHF from 1st January 2009 to 20 November 2009, your capital will grow from US$10,000 to US$12,960.
Below shows the analysis of the returns:
Gross profit is US$4,291.71
Gross loss is US$1,331.64
Total trade executed: 53
Profitable trades: 37 (69.91%)
Losing trades: 16 (30.19%)
Largest profit: US$256.96
Average profit: US$115.99
Maximum consecutive wins: 8 trades
To buy this program, first you need to be a student of our Forex Education Program at Tactical Trading Academy. This is because you need to learn the strategy of our system. Then you can choose to buy the system. The pricing of the system is very reasonable and affordable.
If you are interested in our Forex Education Program or our system, please send email to metal.commodity@tradingeducationprogram.org.
100% Success Rate in 1st Half of November 2009
238 pips profit was generated for the period of 1st November to 16th of November 2009. 6 trades were executed: 6 trades won and 0 trades lost. This results in a Success rate of 100%!
If you are trading 1 full contract (100,000) per trade, your profit for 238 pips will be around US$2,380.
Here are the details of my trades:
1. EURUSD: 31 Pips Profit
EURUSD looks weak. Decide to close my EURUSD position first and buy back at lower level (16 Nov 09). Sold EURUSD at 1.4961, profit is 31 pips .
Original trade:
Buy EURUSD at 1.4930
Stop level at 1.4840
Target level at 1.5030
2. AUDUSD: 52 Pips Profit
AUDUSD has difficulty in going above 0.9350 resistance. So decide to close AUDUSD position at current price of 0.9346 (16 Nov 09). Profit for this trade is 52 pips.
Original trade:
Buy AUDUSD at 0.9294
Stop level at 0.9200
Target level at 0.9380
3. 24 Pips Profit
I had closed my position at 1.4951, profit is 24 pips (12 Nov 09).
Original trade:
Sell EURUSD at 1.4975
Stop level at 1.5070
Target level at 1.4880
4. AUDUSD: 11 Pips Profit
We have a small profit today (6 Nov 09). Though the profit is small, it is still a winning trade.
Original trade:
Buy AUDUSD at 0.9089
Stop level at 0.9010
Target level at 0.9180
5. AUDUSD: 62 Pips Profit
Current market condition is still rather unstable. Since I am sitting on some decent profit, I will choose to close my position (4 Nov 09). I closed my position at 0.9040, 62 pips profit.
Original trade:
Buy AUDUSD at 0.8978
Stop level at 0.8890
Target level at 0.9080
6. EURUSD: 58 Pips Profit
I had closed my EURUSD at 1.4826, 58 pips profit.
Original trade:
Buy EURUSD at 1.4768
Stop level at 1.4670
Target level at 1.4870
All of my trades are executed based on fully tested trading system based on real life experience.
If you are interested to learn about this trading system, send an email to me at metal.commodity@tradingeducationprogram.org to sign up for my Trading Education Program.
Breakthrough Discovery In Forex Trading
If you have been trading long enough, I believe you will be very familiar with the technical indicators, ie Bollingerband, MACD, Williams, Commodity Channel, Relative Strength Index, Parabolic etc.
But have you been making money using those indicators? Sometimes I guess. Have you wondered why sometimes it works and why sometimes it does not work?
I had heard of extreme comments from other traders, ie "indicators do not work", "don't waste your time using indicators", etc. Possibly those traders have been losing a lot of money using indicators in their trading and possibly they have learned to trade forex the wrong way.
In the past 1-2 years I have heard of trading courses started to teach trading without using any indicators. So this means even the trading educators who have been trading for years do not believe in indicators.
Since indicators have been an important tool in trading, in Tactical Trading Academy, we have done extensive research into this area. Our conclusion is that different products (currency pairs) have different behaviours. So you must use specific indicators for specific products. From this research we have discovered BL TS System. All of our student learn to trade forex using BL TS System.
In our website under "Our Trading Secret", we mentioned that we have evidences to show that using fixed indicator will not be profitable strategy in the medium term. You have to choose the correct indicator for the correct currency pair.
Let us use AUDUSD as an example. The graph below will show you what is your equity value if you have been using those indicators to trade AUDUSD for the past 6 months.
The graphs show that if you have been using MACD and Bollingerband to trade, you will do well. We perform our quantitative test and send out the results to our subscribers on a weekly basis. So our subscribers will know specifically which indicators to use for which currency pairs.
As a matter of fact, MACD and Bollingerband had signal buy on Friday, we had entered a buy trade on AUDUSD at 0.9294, see here. Currently this trade is sitting on 40 pips profit.
We believe this research discovery is a breakthrough in the trading industry and few traders are aware of this.
If you are interested to Learn Forex from us, send an email to us at metal.commodity@tradingeducationprogram.org.
Upon subscription, you will receive the followings:
1. Weekly updates on the proven indicators
2. One-to-one coaching on trading
3. Live emails reminders when trading opportunities occur
4. Ebook on our trading strategy
4278 pips profit since August 2008
We had generated 4278 pips profit since August 2008. This is also a great achievement for our students and subscribers who have taken the commitment to learn forex trading from Tactical Trading Academy.
We do not have 100% success rate in our forex trading program. But we have more Profits than losses, this shows that we have a proven forex trading strategy.
Our track record as follows. As usual more PROFITS than losses:
171 pips loss generated in the month of October 2009: See here.
490 pips profit generated in the month of September 2009: See here.
327 pips profit generated in the month of August 2009: See here.
228 pips loss generated in the month of July 2009: See here.
1259 pips profit generated in the month of June 2009: See here.
24 pips profit generated in the month of May 2009: See here.
313 pips loss generated in the month of April 2009: See here.
345 pips profit generated in the month of March 2009: See here.
525 pips profit generated in the month of February 2009: See here.
317 pips loss generated in the month of January 2009: See here.
699 pips profit generated in the month of December 2008: See here.
857 pips profit generated in the month of November 2008: See here
781 pips profit generated in the month of August – October 2008: See here
3959 pips profit for the past 1 year
327 pips profit generated in the month of August 2009
228 pips loss generated in the month of July 2009
1259 pips profit generated in the month of June 2009
24 pips profit generated in the month of May 2009
313 pips loss generated in the month of April 2009
345 pips profit generated in the month of March 2009
525 pips profit generated in the month of February 2009
317 pips loss generated in the month of January 2009
699 pips profit generated in the month of December 2008
857 pips profit generated in the month of November 2008
781 pips profit generated in the month of August – October 2008
We do not have 100% success rate in our trades but we have more wins than losses in the medium term. This shows that we have a proven strategy.
If you would like to learn a proven strategy, do send us an email at
metal.commodity@tradingeducationprogram.org.
Learn Forex: Why Choose Us?
So here are some important things you have to consider when choosing the right education. These pointers should help you to identify which course is good and which ones are worthless.
Do Not Buy the Basics
The first thing you have to remember is not to buy a course that will teach only the basics of Forex. You can easily get such information for free. Even your broker can provide free basic trading courses and tutorials.
You will only waste your money on courses that teach you how to trade, how to read charts, and other information that you can get for free. Most probably, these courses are just written by authors who compiled different Forex information and sold them as a Forex course.
In Tactical Trading Academy, we do not waste time teaching the basics which can be found easily on the internet and books. We are focus on making trading profits in our education program. The things that we taught cannot be found in anywhere else because we had created the system ourselves, it is our proprietary system.
Focus on Strategies and Advanced Techniques
What you should be looking for is a Forex trading course that will teach you the step by step process of building a proven trading system. However, you need to ensure that the strategy being discussed by the course has been proven in actual market conditions.
We taught BL TS system at Tactical Trading Academy. This system has been fully back-tested and it has been proven to be profitable in actual market conditions. We post our trade ideas in our website on a daily basis. Purpose is to let our prospects and readers know that BL TS system is still very relevant and profitable in current market condition.
Choose a Course that Offers Hands-On Services
Majority of courses are packaged into ebook modules which you can read and study. Although these types of courses may provide valuable input to sharpen your Forex knowledge, it would be best if the course provider can include hands-on training.
In Tactical Trading Academy, besides providing a ebook on the details of our system, we also provide unique hands-on training which most other trading courses do not provide. We will send trade emails for 2 months to our students so they will learn when and why to enter a trade in a Live Trading environment. Our trainer spends 15 hours watching the forex market so he can identify trading opportunities and show them to his students.
Ensure that the Testimonials are Real
Testimonials can be faked and posted on the website.
In Tactical Trading Academy, we take efforts in letting our prospects and readers know that our testimonials are real. We will print screen testimonials emails sent from our students and post them in our website.
Cost of the Trading Program is part of your Trading Cost
Many of the trading seminars cost more than $3000. Students who attended the course need to achieve a profit of $3000 before they can reach breakeven point.
In Tactical Trading Academy, the cost of our program is very affordable and economical. Most of our students can easily achieve profit that can cover the cost of our trading education program. One of our students had covered the cost of the program after his first two winning trades.
Value-Added Services Offered in the Program
If the coaching style and cost of the program are similar, what are the value-added services provided in the different programs?
Through the years of working in the financial sector, we have built connections with the bank forex traders in Asia, Europe and America. They are willing to feed us with some of their order flows information. These are news which money cannot buy. In our view this service alone is worth the subscription fee. We believe we are the only trading education program that offers this service.
The above reasons explain why we are the best choice in online trading education program. To sign up for our Trading Education Program, send an email to metal.commodity@tradingeducationprogram.org.
327 pips profit was generated in August 2009
We have post our trades regularly in our website and you can see that we are profitable traders ourselves. We believe that only profitable traders can qualified to be trading educators.
These are our trades in August:
327 pips profit was generated in August 2009. 20 trades were executed: 13 trades won and 7 trades lost.
If you are trading 1 full contract (100,000) per trade, your profit for 327 pips will be around US$3,270.
Here are the details of my trades:
1. EURUSD: 41 Pips Profit
Support forming at 1.4250. I decide to close my EURUSD at 1.4290, profit is 41 pips.
Original trade:
Sell EURUSD at 1.4331
Stop level at 1.4450
Target level at 1.4189
2. AUDUSD: 98 Pips Profit
I had closed this position at 0.8279, 98 pips profit.
Original trade:
Sell AUDUSD at 0.8377
Stop level at 0.8500
Target level at 0.8251
3. EURUSD: 74 Pips Profit
I had closed this position at 1.4237, 74 pips profit.
Original trade:
Sell EURUSD at 1.4311
Stop level at 1.4400
Target level at 1.4197
4. USDCHF: 47 Pips Profit
I had closed this position at 1.0676, 47 pips profit.
Original trade:
Buy USDCHF at 1.0629
Stop level at 1.0525
Target level at 1.0824
5. GBPUSD: 73 Pips Profit
I closed my position at 1.6425, 73 pips profit.
Original trade:
Sell GBPUSD at 1.6481
Stop level at 1.6610
Target level at 1.6339
6. GBPUSD: 129 Pips Loss
Stop triggered, loss is 129 pips.
Original trade:
Sell GBPUSD at 1.6481
Stop level at 1.6610
Target level at 1.6339
7. AUDUSD: 81 Pips Profit
Recently AUDUSD has fallen due to weak Asian stock market. So I decide to take profit in this rally. I had closed this position at 0.8299, 81 pips profit.
Original trade:
Buy AUDUSD at 0.8218
Stop level at 0.8100
Target level at 0.8400
8. USDJPY: 101 Pips Loss
Stop triggered. Loss is 101 pips.
Original trade:
Buy USDJPY at 95.01
Stop level at 94.00
Target level at 96.17
9. USDJPY: 53 Pips Loss
USDJPY looks really weak.
Cut loss on USDJPY at 94.25, 53 pips loss.
Original trade:
Buy USDJPY at 94.78
Stop level at 93.90
Target level at 96.24
10. AUDUSD: 64 Pips Profit
I had closed this trade at 0.8318, profit is 64 pips.
Original trade:
Sell AUDUSD at 0.8382
Stop level at 0.8460
Target level at 0.8249
11. USDJPY: 117 Pips Loss
Stop triggered, loss is 117 pips.
Original trade:
Buy USDJPY at 96.17
Stop level at 95.00
Target level at 97.33
12. GBPUSD: 147 Pips Profit
Target level is reached, 147 pips profit.
Original trade:
Buy GBPUSD at 1.6509
Stop level at 1.6380
Target level at 1.6656
13. AUDUSD: 117 Pips Profit
Target level is reached, profit is 117 pips.
Original trade:
Buy AUDUSD at 0.8281
Stop level at 0.8190
Target level at 0.8398
14. GBPUSD: 73 Pips Loss
Stop triggered, 73 pips loss. Stop placed too near, price rebounds after stop is triggered.
Original trade:
Buy GBPUSD at 1.6504
Stop level at 1.6431
Target level at 1.6620
15. EURUSD: 83 Pips Loss
Stop triggered, 83 pips loss. Stop placed too near, price rebounds after stop is triggered.
Original trade:
Buy EURUSD at 1.4172
Stop level at 1.4089
Target level at 1.4279
16. AUDUSD: 75 Pips Loss
Stop triggered, loss is 75 pips loss.
Original trade:
Buy AUDUSD at 0.8395
Stop level at 0.8320
Target level at 0.8491
17. USDJPY: 98 Pips Profit
Target level reached for USDJPY, profit is 98 pips.
Original trade:
Sell USDJPY at 97.28
Stop level at 98.00
Target level at 96.30
18. USDCHF: 36 Pips Profit
I closed my trade at 1.0664, profit is 36 pips.
Original trade:
Buy USDCHF at 1.0628
Stop level at 1.0570
Target level at 1.0718
19. USDJPY: 30 Pips Profit
CCI is looking overbought. I closed my trade at 95.64, profit is 30 pips.
Original trade:
Buy USDJPY at 95.34
Stop level at 94.32
Target level at 96.28
20. USDJPY: 52 Pips Profit
I closed my position at 95.22, profit is 52 pips.
Original trade:
Buy USDJPY at 94.70
Stop level at 93.90
Target level at 95.46
If you would like to sign up for our program, please send email to us at metal.commodity@tradingeducationprogram.org.
Regards
Forex Educator
