The method is my own that I use on my live account and have substantially grown my initial modest investment. I never thought it would be possible to make such a good income from an initial deposit of 0, but the years of hard work certainly paid off. My account is now at a level I had only fantasised about and continues to compound everyday by 2%.
In the beginning, a 2% increase on my account was not much profit but it was better than nothing. As my account slowly grew, 2% of the account suddenly become a substantial amount.
After this great success I decided that I wanted to help fellow traders who were not making progress so I put together an ebook that describes the method I use. Now anyone can use my method and enjoy the same great success from it.
One of the great things about the method is that it is not complicated. Novice and experienceds traders can understand it and apply it to their day trading.
What the method does is tell you exactly when you should enter a trade and at what point you should exit some or all of your position.
The great thing about manual methods are that they can perform just as good in backtests as they do on live accounts. What you see is what you get.
My method helps you to read the market and understand what is happening. It gives you the confidence that you know what the market will do next.
It is also a method that is not dependant on market condtions. Wherever in the world you may be you can trade the method at anytime. I trade during the London session but I do use the method during the afternoon and evening if I have free time. The beauty of the method is it is so accurate that you will find you have alot of free time.
As I mentioned before I have been trading this way for a while now and have increased my account substantially. Therefore it is safe to say that this is a long-term trading methodology that has been proven to last the test of time.
When I was in the initial stages of testing I backtested the method on over 10 years of data and the results amazed me. Thats why I wasted no time using the method on my live account. I am so glad I did.
I dont like to lose money and my method prevents big losses from occuring. It ensures that profit is realised as soon as possible and the stop loss is very tight, yet rarely hit.
There are many advantages of the 2% daily method and here I will give a brief list:
Profitable, Longterm, Accurate, Easy to learn, Requires minimal investment, Not time consuming, Leaves you with plenty of free time, Not broker dependant, minimal risks, hardly any drawdown, work from anywhere you want, no boss!
Take a calculator and multiply your initial investment by 1.02 (2%). Each time you press equals is another day making 2%. Watch how quickly that figure grows!
THis method leaves no guessing work. The rules are clear. If you follow them you will make 2% on your account every day trading the pound/dollar on the 15 minute chart.
I am sharing this method because I am aware of the difficulties those getting their feet wet in Forex go through and want to stop them from making the same mistakes I did. I am essentially offering a short cut to the rewards the Forex market can offer.
With all the trash robots and methods out there I believe there is room for one honest guy trying to help his fellow traders out!
Monday, May 3, 2010
Learning to Trade Stocks
Learning to srade stocks is no easy matter. But it's not impossible. You have to set yourself out to spend some time to do research and to onitor your positions every once in a while. I have been trading stocks for over 15 years. I can remember my early years of trading. I would get into a position and then when I saw that it was going against me, I would get out, often at the very wrong time. I say that because the next day or week the stock surpassed where I had bought it from.
Learning to trade stocks requires some skill but it also requires you to shed some of your ingrained, inbred emotions. It's these very emotions that caused me to sell stocks too early in by beginning days of trading. I have overcome these emotions now and I have a set of rules that I follow religiously. That doesn't mean that I can't change the rules of my system but I have to give myself a good reason to do so. If I don't change my system than I stick to them. That is how I keep emotions out of the equation.
The most important way to help yourself when learning to trade stocks is to come up with your own system and practice. But practicing with real money can be costly. Some people refer to this as your tuition but what if you could avoid putting real money on the line and still get the practice you need?
A way to do that is by a concept known as paper trading. Now, there are critics of paper trading that state that because you are not putting real money on the line you will not have the same kinds of emotions that you would had you put your hard earned cash in. They also state that you will not get the same kind of fills that you would when you trade for real. There is some truth to these statements but it shouldn't stop you from pursuing paper trading because there are ways to reduce the aspects of paper trading that are criticized.
To counter the first item, paper trading is still experience. Yes, the emotions are not the same but what you are really doing is trying to get a feel for whether your system is working or going to work. The second item's counterpoint is if you take the midpoint of the bid and ask at any given time of the day or at the close, you would likely get filled at those levels had you traded real money. That's because it falls within the range of the bid/ask spread. I have used this technique when trading for real and with the exception of super fast moving stocks, I almost always got filled.
I think if you want to go about learning to trade stocks you need a system and you need to be able to practice trading. You want to be able to do both of these without putting up a whole lot of capital (none if you can get away with it). One system that I have found that is indispensible and reliable is the CANSLIM method. This method has been helping people learning how to trade stocks to profit.
Learning to trade stocks requires some skill but it also requires you to shed some of your ingrained, inbred emotions. It's these very emotions that caused me to sell stocks too early in by beginning days of trading. I have overcome these emotions now and I have a set of rules that I follow religiously. That doesn't mean that I can't change the rules of my system but I have to give myself a good reason to do so. If I don't change my system than I stick to them. That is how I keep emotions out of the equation.
The most important way to help yourself when learning to trade stocks is to come up with your own system and practice. But practicing with real money can be costly. Some people refer to this as your tuition but what if you could avoid putting real money on the line and still get the practice you need?
A way to do that is by a concept known as paper trading. Now, there are critics of paper trading that state that because you are not putting real money on the line you will not have the same kinds of emotions that you would had you put your hard earned cash in. They also state that you will not get the same kind of fills that you would when you trade for real. There is some truth to these statements but it shouldn't stop you from pursuing paper trading because there are ways to reduce the aspects of paper trading that are criticized.
To counter the first item, paper trading is still experience. Yes, the emotions are not the same but what you are really doing is trying to get a feel for whether your system is working or going to work. The second item's counterpoint is if you take the midpoint of the bid and ask at any given time of the day or at the close, you would likely get filled at those levels had you traded real money. That's because it falls within the range of the bid/ask spread. I have used this technique when trading for real and with the exception of super fast moving stocks, I almost always got filled.
I think if you want to go about learning to trade stocks you need a system and you need to be able to practice trading. You want to be able to do both of these without putting up a whole lot of capital (none if you can get away with it). One system that I have found that is indispensible and reliable is the CANSLIM method. This method has been helping people learning how to trade stocks to profit.
Why Forex Market is popular
At present it is very hard to ignore the detail that forex market is the world's biggest financial market. Over the preceding few years, it has turn into the most popular market with trades amounting to more than USD 3 trillion each day. Usually referred as currency trading market, it always involves the combination of two currencies. For example- either you can buy Euro or sell US dollars, or you can buy and sale any other combination of globally standard currencies.
In current times, forex trading has gained enormous popularity and turned out to be a very profitable money making option. If we look at the present scenario, it can be accepted as one of the mainly potentially rewarding types of investments available in the global market. Though this form of trading involves great risks but the potential to earn profits are huge relative to initial capital investments. The major reason of growing recognition is its very low dealing costs, high leverage margin, 24 hours trading a day and high liquidity market. For example, with a $6000 account, you can make about $6000 per month.
Clearly it decidedly depends on the manner that you trade and the strategy you follow but good and experienced traders can double their money every month.
The key positive sign of forex currency trading that can help you consider it as a money-making affair can be its size. Its varied yet easily reachable size prevents almost all attempts by others to influence the market for their own profit. Consequently, when you invest in foreign currency market, you can be convinced that the deal you are making has the same opportunity for profit as other investors do all over the world.
So, if you are looking to get involve in this type of currency trading, it is always better to enjoy trading with the help of a forex broker. A forex broker can be the crucial person who can steer you to earn more profits from market, as a result it is always better to carefully select a aptly forex broker for right deal. Apart from all this, the next major detail about this form of currency trading is- in this form of trading there is no centralized location of foreign currency trading. With the help of various online platforms you can trade currency from any parts of the world. With the help of Internet connection and active forex trading account you can easily trade in foreign currencies.
Now it can be considered as one of the few trading markets in the world that permanently provides you with opportunities to trade since of currencies strengthening or weakening. The supply and demand are the factors that determine the price in any market. Currently when there are too many buyers and sellers, similar to the current circumstances in forex market, the price volatility can be much higher, market could be more dynamic and chances to make money can be even more. The price may go up and down more often and this dynamic nature helps in making decent money. Consequently, if you are looking to choose forex as your business, its better you do not get vexed about competition but must make sure you develop a proper strategy to earn money and enjoy good success in forex trading.
To open your forex account or to find more information about forex go to
In current times, forex trading has gained enormous popularity and turned out to be a very profitable money making option. If we look at the present scenario, it can be accepted as one of the mainly potentially rewarding types of investments available in the global market. Though this form of trading involves great risks but the potential to earn profits are huge relative to initial capital investments. The major reason of growing recognition is its very low dealing costs, high leverage margin, 24 hours trading a day and high liquidity market. For example, with a $6000 account, you can make about $6000 per month.
Clearly it decidedly depends on the manner that you trade and the strategy you follow but good and experienced traders can double their money every month.
The key positive sign of forex currency trading that can help you consider it as a money-making affair can be its size. Its varied yet easily reachable size prevents almost all attempts by others to influence the market for their own profit. Consequently, when you invest in foreign currency market, you can be convinced that the deal you are making has the same opportunity for profit as other investors do all over the world.
So, if you are looking to get involve in this type of currency trading, it is always better to enjoy trading with the help of a forex broker. A forex broker can be the crucial person who can steer you to earn more profits from market, as a result it is always better to carefully select a aptly forex broker for right deal. Apart from all this, the next major detail about this form of currency trading is- in this form of trading there is no centralized location of foreign currency trading. With the help of various online platforms you can trade currency from any parts of the world. With the help of Internet connection and active forex trading account you can easily trade in foreign currencies.
Now it can be considered as one of the few trading markets in the world that permanently provides you with opportunities to trade since of currencies strengthening or weakening. The supply and demand are the factors that determine the price in any market. Currently when there are too many buyers and sellers, similar to the current circumstances in forex market, the price volatility can be much higher, market could be more dynamic and chances to make money can be even more. The price may go up and down more often and this dynamic nature helps in making decent money. Consequently, if you are looking to choose forex as your business, its better you do not get vexed about competition but must make sure you develop a proper strategy to earn money and enjoy good success in forex trading.
To open your forex account or to find more information about forex go to
Trading - A Probability Game
You may accept the undeniable fact that the stock market can do anything at anytime. If you're not convinced, consider that there are millions of traders trading for establishments, funds, stockholders, stock traders, scalpers, etc all acting together in different time frames and using differing kinds of research. Fact : Trading isn't about guessing the future as it can't be done. If you agree this fact, then it is far easier to take losses without destroying your self confidence.
You take a trade, you affirm that you do not know what will happen next. You haven't any expectations this trade will become a winner. Here is an example of a chance game : let's assume I roll a dice : - I pay $1 every time I play - If I roll a three, a four, a five, or a six then I win $2. If I roll an one or a two then I do not win anything. Obviously, each time I throw the dice I don't have any concept what the result will be. But I know that for each roll the percentages are in my favor. In the long term, I am going to win 4 times out of six, that means that I'll pay $6 to win $8. I'm going to be a consistent winner if I play long enough. In mathematical terms, your anticipated win every time you play is ( four / six ) X $2 = $1.33 meaning $0.33 profit ( you pay $1 to play ) Another version of this game may be that you win $3 if you roll a four, a five, or a six, and nothing if you roll an one, a two, or a three. In this example the expectancy everytime you play would be ( three / 6 ) X $3 = $1.50 meaning $0.50 profit in the long term So how will we interpret this into trading? Everytime you shake the dice, you do not know the outcome, the same as for every individual trade.
But every time you throw the dice, you know the chances are in your favor to earn money, and you'll make money if you play long enough. So for each trade you enter, you have got to know the percentages are in your favor to earn money. As you can see in the second example, it doesn't mean that you've got to win more frequently that you lose. It also relies on how much you win when you win and how much you lose when you lose. How does one put the percentages in your favor? You've got to develop a trading edge using technical research, basic research, market internals, and so on. You've got to have a number of variables that has got to be present before you enter a trade and always use the same set of variables.
Your edge is your methodology to enter and exit trades and may be well outlined in your trading plan. All that may be summarised like the following : - For each trade you take, you do not know the end result, you agree that anything can occur, and thus you have got no expectation for that trade. - you have a belief in your trading method, that is you believe that for each trade you take the percentages are in your favor. - you suspect the result over a sequence of trades is comparatively certain and predicted. To go back to the dice example : will you get mad or feel dumb when you don't roll a winning number? No because with a dice you accept the incontrovertible fact that you can't know the result. You haven't got any expectation. Apply the same concept to your trades and save your self-confidence. This idea of treating trading as a chance game made a massive difference in the way I feel about losses. I learned about it in'Trading in the Zone' by Mark Douglas. I highly recommend this book.
If you have got a good trading plan, with a tactic to enter and exit trades, then a successful trade is one for which you followed your intention, not really a winning trade.
You take a trade, you affirm that you do not know what will happen next. You haven't any expectations this trade will become a winner. Here is an example of a chance game : let's assume I roll a dice : - I pay $1 every time I play - If I roll a three, a four, a five, or a six then I win $2. If I roll an one or a two then I do not win anything. Obviously, each time I throw the dice I don't have any concept what the result will be. But I know that for each roll the percentages are in my favor. In the long term, I am going to win 4 times out of six, that means that I'll pay $6 to win $8. I'm going to be a consistent winner if I play long enough. In mathematical terms, your anticipated win every time you play is ( four / six ) X $2 = $1.33 meaning $0.33 profit ( you pay $1 to play ) Another version of this game may be that you win $3 if you roll a four, a five, or a six, and nothing if you roll an one, a two, or a three. In this example the expectancy everytime you play would be ( three / 6 ) X $3 = $1.50 meaning $0.50 profit in the long term So how will we interpret this into trading? Everytime you shake the dice, you do not know the outcome, the same as for every individual trade.
But every time you throw the dice, you know the chances are in your favor to earn money, and you'll make money if you play long enough. So for each trade you enter, you have got to know the percentages are in your favor to earn money. As you can see in the second example, it doesn't mean that you've got to win more frequently that you lose. It also relies on how much you win when you win and how much you lose when you lose. How does one put the percentages in your favor? You've got to develop a trading edge using technical research, basic research, market internals, and so on. You've got to have a number of variables that has got to be present before you enter a trade and always use the same set of variables.
Your edge is your methodology to enter and exit trades and may be well outlined in your trading plan. All that may be summarised like the following : - For each trade you take, you do not know the end result, you agree that anything can occur, and thus you have got no expectation for that trade. - you have a belief in your trading method, that is you believe that for each trade you take the percentages are in your favor. - you suspect the result over a sequence of trades is comparatively certain and predicted. To go back to the dice example : will you get mad or feel dumb when you don't roll a winning number? No because with a dice you accept the incontrovertible fact that you can't know the result. You haven't got any expectation. Apply the same concept to your trades and save your self-confidence. This idea of treating trading as a chance game made a massive difference in the way I feel about losses. I learned about it in'Trading in the Zone' by Mark Douglas. I highly recommend this book.
If you have got a good trading plan, with a tactic to enter and exit trades, then a successful trade is one for which you followed your intention, not really a winning trade.
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