RETAIL FOREX TRADING – WHY YOU HAVE BEEN SOLD A LIE AND HOW TO FIX THE PROBLEM

THE TRUTH ABOUT TRADING IN THE FOREX MARKETS

I write this article with 25 years of experience of trading and the financial markets, I worked for some of the world’s biggest Investment Banks and Institutional Brokers and my reasoning is because my heart goes out to traders in the Retail market because you have been sold a lie.

My mission is to help as many retail traders as I can become professionals and to give you the level of education that you really need to become a success.

Why Retail Traders Struggle

One thing that you must understand from the outset is that you will have to change your mindset and reprogram your understanding of how the world’s financial markets work, you need to do this because what you have been taught, is WRONG, sure you’ve been taught what pips and ticks are, you know what charts and candle sticks are, you understand long and short, but what you don’t realise is that you have had the wool pulled over your eyes and have been sold up the garden path.

You’ve been made to think that trading is complicated, that the markets are very difficult to understand, that all markets are different, that trading stocks and currency’s is a completely different animal, well let me tell you this, its BULLSHIT!!!

Trading is Simple

Trading isn’t complicated, trading is simple, all markets are traded in the same way by the people who trade them. I’m not talking about Retail Traders here I mean the Institutions. We look at the markets in a totally different way to Retail traders, we understand what they are, we’re not cleverer than you are, it’s just that we’ve had a different education to you. Our jobs are to make as much money for the institution we work for, and in turn we get taught how to do this and apply it in the market in real time.

The Human Factor

We understand that the markets are traded by people, and that people are predictable creatures of habit, we are hardwired to do the same things over and over again. When you apply this to a large group of professional traders, trading in a professional way in a professional market you begin to see that the collective has the power to move markets and they will repeat the same actions again and again. Before you scream Algos think about it, who programmed them, human beings, people and that’s why they also are predictable.

The Truth

If you knew how simple trading really is then you would understand that what you’ve been taught thus far is so far from the truth that you wouldn’t believe it, trendlines, chart patterns, indicators, multiple time frames are not how the markets function, however due to the nature of the training you have received it is your reality.

But it doesn’t have to be like this, because you can learn the truth about the markets and leave the retail way of trading behind you.

I won’t be naming any names during this article but if you are a trader in the Retail trading market then you will be able to name any of the companies that you have had the unfortunate pleasure of working with.

“Look at me I trade from my helicopter” The heck you do, you don’t trade, you just rip people off and teach them crap that will never work and you have the audacity to charge thousands of pounds for the privilege with the dream of being an overnight success and a millionaire by next week.

Sure some people will always believe the hype and those people will always fall foul of the snake oil salesmen, others want to really learn and are livid at the education they have received and I can’t blame them. I have worked with numerous people who have tried and tried to get these techniques to work, and I’ve kind of been their last chance and I am very grateful that they have approached what I do with an open mind and not poured scorn on what I teach they have taken the time to listen.

Some have been very sceptical due to their past experiences and that is totally understandable but all it takes is some of your time to speak to me in person and talk about the markets in an open and honest fashion, I am a straight shooter and I don’t mince my words, I don’t see the point, I don’t claim to have the holy grail but what I do know is that after 25 years I know what works and what doesn’t, what I teach is the truth about how the markets really work and how you should trade them.

For me the greatest thing that I can do is to really teach people like you how to really make money from trading, to show you why all the things you think you know about the markets are wrong, but more importantly to show you how to correct your understanding, to write a new chapter in your trading career so that you can enjoy trading, make a living from trading and also to teach your children how to make a steady income by themselves when they reach an age when they are allowed to trade.

I’m not here to be a know it all ass hole, rather I’m just a stand-up guy that’s quite frankly annoyed with the rubbish that people are taught, the amount of money that they have spent, the time that they have wasted chasing a dream because somebody who was unqualified taught them to try and trade in the world’s financial markets without having the first idea themselves.

Technical Analysis and the Bullshit that comes with it.

If like me you have many connections on LinkedIn who are from the trading world (or they claim to be), there are countless posts each day claiming this and claiming that, I can teach you the way to trade, come over here and let me show you, a chart pattern here, an indicator there. Let’s get this straight right from the outset, this is complete rubbish, it will never work and it is not how the real markets work, so what’s going on here?

Chart Patterns

Let’s look at chart patterns, you will see them all over the place somebody that you follow on LinkedIn will post something like “Head and Shoulders pattern complete on the EUR/USD” ok so that’s all well and good, congratulations!! But here’s the thing, did you know when this pattern began forming? Could you pin point ahead of the time when it would start? NO! is the short and sharp answer to that question.

So if you can only tell me once its completed is there any point in using them as they are always after the fact, again NO as you can’t use that information to trade with because the moment has passed.

So, chart patterns = Pointless and a waste of your precious time.

Indicators

Now let’s look at indicators, perhaps the biggest single waste of time you can ever come across when trading. Right where do I start here, firstly when you load up your indicators on your charts and you change time frames, what happens? All the information changes, ok so which time frame are you supposed to look at, on which time frame does your indicator show you the correct information? None!!

Why? Because all indictors are lagging, they are not even in the present, they are always behind the market because they are driven by price and price always moves first, so how on earth they are supposed to tell you what’s going to happen in the future? They can’t, they won’t and never will, so if you’re using these ridiculous things to trade with, stop wasting your time and effort, you know it doesn’t work, save yourself time and money and put them in the bin.

When my MACD says this and my RSI says that and they line up on my 15-minute and 30-minute chart I’m going to stick a trade on…REALLY!!!

Is that how you perceive the Investment banks making their own trading decisions?

You surely can’t believe that for an instant, but this is how YOU have been taught to trade, so it begs the question if I know that’s not how they trade then why have you been taught to trade this way and why do I keep trying to make it work?

Your Innocence!

You have a disadvantage because your innocent to how the trading really operates, with this innocence you have to rely upon the person training you to be honest and tell the truth, and you take what they tell you at face value, the problem here is that they are NOT telling you the truth about how the markets function and therefore your understanding of the markets is sorely lacking, it’s not your fault but it is certainly not going to help you moving forward.

Why the markets are moving up and down each day.

The reason the Forex markets move up and down each day is that certain types of market users have to trade in the market because it’s just part of their daily business. For example an importer of marble from Italy must enter into a Forex trade because he has an invoice in Euros, he must sell GBP and buy EUR, he doesn’t really care what price he trades at, he just knows that he needs to undertake this swapping of currency in order to pay his invoice. Large corporations must trade in the FX markets for a variety of reasons, to pay invoices, wages, etc. they again need to make these transactions and don’t really care what price they get as long as they fulfil their obligations. This is called the commercial side of the business and it’s what drives prices all day every day. The worlds Investment banks must facilitate their clients’ needs on a daily basis, the banks are not constantly speculating on the markets, far from it. What the commercial side of the business does is drive prices to either Cheap or Expensive levels at which point the speculators will enter in and buy or sell in huge quantities and thus make the markets move in the opposite direction. The speculators are patient in their trading and will only enter the market when the time is right, again they are not constantly trading, that would be pointless.       

So let’s break this down and give you some of the facts:

The Institutions trade from Supply and Demand levels that have been established over decades!

  • Markets are bought and sold in huge amounts on the basis of price, nothing else!
  • The Institutions already know what they want to do ahead of time, they already know which prices are cheap and which are expensive so they always know what they want to do before they do it.
  • The Institutions wait until the prices appear and then they pounce, they do not trade every day, they may perhaps not trade every week, but they know that when the right opportunity comes along they are ready.
  • The Institutions wait until the commercial side of the business moves the markets to these cheap and expensive prices, they do not pre-empt their trades, they sit on their hands until the time is right.
  • The Institutions know what really drives markets and they pay attention to these factors, retail sales figures please give me a break!

The truth is that what you need to learn and understand is how to play the game to the same level as the professionals and it doesn’t take much to learn, it’s not rocket science at all.

The Difference For You

How would you feel to always know where your next trade is going to be?

How would you feel to be able to analyse a chart correctly, to do this only once and to have all your trading levels mapped out for you ahead of the time, essentially meaning you have a chart for life?

Imagine the difference in your trading to be able to look at the right-hand side of your chart, which is normally blank and have each trading level already there?

The time and effort that is wasted looking for things that aren’t there is an enormous waste of your time and energy. The countless hours that retail traders waste on doing the wrong things is horrific in my eyes.

The freedom learning how to trade from Institutional levels of Supply and Demand is amazing, one of my students recently disclosed to me that he had cost his business over £3,000,000 pounds in lost revenue taking time out over the last six years to try and learn how to trade. He told me that he would turn down work because of his desire to succeed at trading, he also spent a lot of money trying many courses and ways to trade, none of which served him any good until we made contact, and now his expectations have also changed, he now expects to win on most of his trades, he understands that staring at screens all day is a pointless occupation, he is now free to concentrate on his business, he is free to play a round of golf whenever he feels like it, in the knowledge that all he has to do is set his trades up at the right levels of price and wait for the market to come to him, he has stated that it is truly mind blowing and that since he started with me he has trebled the size of his account in just three months by taking trades from the levels we have set together.

So, if you would like to know the truth about trading and to really educate yourself then please feel free to get in touch with me.

My LinkedIn recommendations list is growing all the time, it’s nice to have honest, open and unbiased reviews from real people, not all the made-up testimonials that you find on websites that are put there by the various website owners.

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