Why “Forex Strategy Secrets.com” ?
Why Forex Strategy Secrets?
We had to find out the hard way
that there is an overwhelming amount of inaccurate information out there about how to successfully trade the foreign currency market. Everyone seems to have “discovered” some new, “never before seen” method for trading the currency market. Of course, most of this is just hype.
Going Down the Wrong Path?
Inevitably, this causes many honest people to go down the wrong path when it comes to making money in the currency market. They start with positive intentions but fall victim to misinformation and quit before they’ve ever really had a chance to succeed.
We Hate Hype!
We see this as a real problem and it’s the main reason we started FSS. Personally, were are not big fans of “hype.” We just like to hear real facts presented in a straightforward, down-to-earth way.
If you’re the same way, then Forex Strategy Secrets will be a breath of fresh air for you.
Our goal at Forex Strategy Secrets is to lead individuals down the correct path — a path that with a little bit of elbow grease will lead to a successful (and profitable) outcome. We make it a top priority to show customers the difference between what works and what doesn’t, to explain why certain things work, and then finally to provide a step-by-step process for obtaining the desired result.
We often hear from people that their biggest challenge wasn’t building their positive trading account, but FINDING FSS in the first place, from among the mass of “get rich quick” schemes out there.
Make Sure You Sign Up For Our FREE Jump Start Strategy and then check out the MEET Jed and Kirk Norwood VIDEO in the Member Site. You can find it under the “Media” tab
November 28th, 2012Forex Training / New Group Coaching Series
Join Us and Many of our Students at this Free Webinar Tomorrow
November 29th 2012 4:00 PM – 5:00 PM EST
Below is a sneak preview of the different strategies that will be covered in detail. You can ask questions, you can purchase in depth coaching or you can just opt to get a free consultation session to have your questions answered one on one…
Our New Group Coaching Series
Understanding Convergence, Divergence, and Congruence (CDC) in the FOREX market as a powerful indicator of when a trend is coming to an end and preparing for a reversal…
Understanding how to use the Norwood, Trend, and Early Bird Alerts can save you hours of time in front of the computer looking for “high probability set-ups.”…
Zone trading increases a trader’s confidence in selecting and managing high probability trades and improves consistency in your trading, thus reducing associated emotions and stress. You will always be trading in the direction of the trend…
The Leg 2 Strategy generally produces more pips with one of the best risk-reward ratios in our trading course. Learning how to spot the end of Leg One and confirm the setup of Leg Two will greatly increase accuracy and confidence, thereby producing more pips per trade for the average trader…
November 29th 2012 4:00 PM – 5:00 PM EST
Click Here to Register
5 alarm trades, in concert with timing entries and exit on multiple time frames, is one of the most powerful combinations in all of trading. This strategy allows you to identify the true trend, give optimal entry and exit points, keeps you out of poor performing trades and gives a mechanical trading method…
Spotting Mega Trades on the larger time frames can give you early entries with more pips per trade and is one of our best strategies for loading up with multiple entries…
Using the FSS arsenal of add-on signals to SWEEP the trend of a Mega Trade entry can make your profits soar. Timing entries on the smaller time frames, using our advanced strategies and the Alerts package, make this type of trading easy, fun, and low stress. Using these techniques can help you maximize the return on your trading account and your time because you are spending fewer hours to make more pips…
Experts agree that your exit and trade management strategies are more important to your success as a trader, than perfect entries. Your money is either lost or won when you exit. In this course you will learn how to exit your way to fantastic trading profits…
The Candy Bar trade is the “Sweetest Spot” to enter a trade. We have found this to be one of the safest and highest reward trades you can take because it is a “high probability” trend reversal price pattern…
Proper trade management is the direct cause of account growth. Learning to master trade management can greatly reduce the risk of losing trading accounts. As a trader you will either Live by or Die by your Rules…
This session culminates with two advanced trading strategies called the Sniper and the Strike Zone (or Striker). These two strategies are revealed last because they use all of the best parts of many of the Session topics that have been taught during the prior 10 courses. These early entry, high probability strategies rely on a combination of all the skills we have learned to this point…
November 29th 2012 4:00 PM – 5:00 PM EST
May 25th, 2012
How To Have Success Trading Forex
So, what is FOREX? FOREX stands for Foreign Exchange markets. It is a worldwide
decentralized over-the-counter financial market for the trading of currencies. The forex
Market is also the largest financial market in the world, larger than any stock, bond,
or option market. We all know that proper training is very essential in trading, and we
also know that most people can become proficient traders with discipline, practice,
and patience. So if you plan to get into the FOREX markets, check out the simplest
system on the internet at: http://www.forexstrategysecrets.com
Education is the key to success. Just always remember to keep your head on your
shoulders, rely on logic and not your emotions. Armed with the proper knowledge and
insights into FOREX trading, you can be on your way to financial freedom.
There are a few tips for beginning traders:
• Learn the trading platform
• Learn a trading system
• Practice for free
Before you put your hard earned money into the market at least apply the above
3 things as a minimum. You should become familiar with the trading process, as
well as being able to spot the moves the market takes. As they say, experience
is the best teacher. To get the experience you need practice at least 15 minutes
a day dong simulated trading and try to take 5 demo account trades each day
as well. This can give you a years’ worth of experience in 30 days.
So what does a FOREX trader have to do every day? We suggest you create a
watch list of currencies that are setting up for a trend move. Once you have your
list, set alerts to give you heads up so you can come to the computer and decide
if you think the trade is a high probability trade. Of course there are a few more
things you should do but it is not much more difficult than that.
• Make a watch list
• Set alerts
• Take high probability trades
You can come to our trading room and watch successful traders trade a system
that most people can learn if they disciple themselves to follow a few simple rules.
By seeing how it is done, practicing what you see your learning curve is cut to
2 to 4 months not 2 to 4 years. This does not mean you are making tons of money,
it means you are winning more than you are losing. This is the first big step in your
trading career.
From here you will need to increase your skills and get control of your emotions.
With a lot of practice you can start making money.
To learn how to get started on an easy to follow step-by-step trading path in forex
and make more FX pips than you ever thought possible check out
http://www.forexstrategysecrets.com and try out our free Jump Start
Trading strategy to give you a taste of how to be a mechanical trader.
When you sign up for Jump Start you will get one month access to our
trading room where you can watch successful traders trade. You will be
able to learn from them and see how they make 100′s of FX pips a day
and they are having fun doing it.
How To Control Losses
When trading, it is important to keep your losses to a minimum. Large losses will
cause you financial as well as emotional damage.
We will share three different types of stop you can use to keep from losing your
account in a short period of time.
The Stops are:
1. Trade management stop
2. Account stop
3. Number of losses stop
Trade management stops are the most common method of controlling losses.
You should always trade with a stop loss on each trade. The Trade management
stops method does not set any restrictions on the total losses in your account;
it just controls each individual trade. You can keep on trading and continue to rack
up the losses and not even know what you are doing wrong.
Account loss is a little known and or used way to control loss. You need to
establish a daily loss level if you reach that level you need to discipline yourself
to close all trades and wait until the next day to trade again. A good level would
be around 2% of your account. This is an individual decision;
keep it on the conservative side.
This way you will keep your account at a level that you can recover from and
you have some time to figure out what you are doing wrong.
Another way to control the losses in a given trading session or trading day is
to set the number of losses in a row you will take before you stop trading for
the day. When you are having a losing streak, cut it short and figure out what
you are doing wrong. Then come back, things will be clearer and easier to
see what is going on.
Below is a graph showing how much work you will have to do when you sustain
large losses in your account. At some point you will not be able to recover from
your losses. You will have to add money to your account to get going again.
Total Lost Needed to
Break-even
-25% +33%
-50% +100%
-75% +400%
-90% +1000%
How To Find A trending Currency Pair
We hear all the time that a trader should only trade one or two currencies.
We have found that a trader can trade multiple pairs and be successful. In fact the success
is multiplied with more currency pairs. Most of the time there are a few pairs moving so this
give the opportunity to have something to trade most of the time. The key is to trade what
is moving on any given day.
Here are some of the ways we accomplish trading many pairs at once.
We trade with larger time frames…the day, 4h and 1hr
By trading the larger time frames you don’t have to worry about the small market ups and downs.
You can trade the larger trends where you will find the big pips
We use a trend alert letting us know which pairs are trending vs. channeling.
Our trend alert shows you which pairs are moving and when all the time frames are lined up
and going the same way.
We use alters that bring trades to our attention once they are trending.
We make a watch list and wait for signals to alert us to what is moving. This makes it possible
to spend less time in front of the computer and make more pips in the process.
By learning to trade with alerts you can trade any currency. You just need to trade the currency
pair that is moving so you will have something to trade most of the time.
Watch the video below and get a glimpse of how trading many pairs can be done.
The big money is made by both a lot of pips and big lots on multiple pairs. Give it a try by following
our easy to follow step-by-step trading path in forex and make more FX pips than you ever thought
possible check out http://www.forexstrategysecrets.com and try out our free Jump Start Trading
strategy to give you a taste of how to be a mechanical trader. When you sign up for Jump Start
you will get one month access to our trading room where you can watch successful traders trade.
You will be able to learn from them and see how they make 100′s of FX pips a day and they are
having fun doing it.