Leverage, timing and randomness

Most people I come across don't have the faintest clue what the phrase 100:1 or 200:1 leverage means. I give you the right perspective which will change your fixation with timing the market and seeing value in so-called signals which are, quite literally (you can do the tests yourself), as random as a coin-toss. The moment you understand how much time is wasted on such systems, you will be on track to start developing your own trading system that will work for you and not against you.

Technical, Fundamental and Relational Analysis

Another whopper of a lie is that the forex market is ideal for technical analysis. It is the least suitable of all the major markets for technical analysis. Don't fall for this marketing wizardry. It is very easy to concoct 1-2-3-you're-rich technical trading systems with fancy names. The people that know, the people who made real money in forex long before you and I joined the queue, simply used the most basic technical analysis in conjunction with fundamental and other types of analysis. I call this relational analysis. This is one of the main keys to success in the forex market.

Cost averaging and multiple entries

You know the market dictum "buy low, sell high". You subscribe to it. But do you execute this principle within the context of the recent price action? I very clearly explain to you what is low and what is high in the currency market - not always as simple as it seems - and how to build a trading system that is serious about this extremely important aspect of profitable trading.

A PROFIT there ... and very soon YOU can be a REAL market wizard. The forex market is lion country. Bird watching in lion country can be a very rewarding, yet dangerous experience..