Hi, my friends call me Trader Ali and I've spent many years trading and researching how to trade effectively.
I've found it to be quite exhausting because there's so much on offer in the way of courses, resources and
information available. I found a lot of systems make big claims yet offered little if any improvement to my trading.
Over the years I've read countless books and purchased numerous trading systems. I even went to those free trading seminars promising to be everything that end up being no more than a sales pitch for a very expensive trading course done by professional public speakers that actually have never traded in their life.
I've gone through all the different trading tools and technical indicators on different trading platform trying to make
sense of them and how to use them effectively.
There's a lot to choose from but in the end it all came down to simplicity and using price action as a leading indicator to help you see market direction.
All you need is proven strategies that you'll learn here to know exactly where to enter and exit your trades without over complicating things. After trading this way for the last 3 years it still gives me chills knowing how simple this is yet made to look complicated by many.
There's actually very little "work" required to decide on a trade. Because the more you get bogged down with technical analysis the less effective your trading strategy becomes. More data equals = information overload.
My goal is to help you understand and more importantly for you to use and implement these trading strategies.
It has taken me a good few months to put my course together to the finest detail so I hope it serves the purpose.
I have covered everything which new and even experienced traders need to know about before you start trading global markets with confidence, so please make sure to read what I have taken the time to write in detail for you.
The strategy I will share have proven to work for me, and if you can make use of this with my course then I will have fulfilled my commitment of turning you into a successful and profitable trader.
The course is designed for both new and experienced traders, I have also covered major foundation for you to have a good grasp and understanding on how to trade the financial market for an income.
I AM ALSO GOING TO COVER MANY IMPORTANT PRINCIPLES REQUIRED TO ATTAIN PROGRESS AS A TRADER SINCE I DID NOT FIND THESE ASPECTS DISCUSSED IN OTHER TRADING COURSES.
IT'S IMPORTANT THAT YOU GO THROUGH EVERYTHING AS THESE ARE THE BUILDING BLOCKS THAT FORM A STRONG FOUNDATION TO PLAN YOUR TRADES AND ACHIEVE YOUR FINANCIAL GOALS.
THIS COURSE IS BROKEN DOWN INTO 5 PARTS FOR EASE OF LEARNING.
“Financial trading offers you the prospect of earning an income based on the quality of your decisions.”
A Trading Course So Effective
That It Will Blow Your Mind !
Having gone through the learning curve and breaking the bank over 19 times, I finally found the answer that I have been searching for.
Today, I am going to share the exact same strategy with you that set me financially free.
Here's what I'll be covering for you in the course and much more:-
☑ Trading as a business and the all important questions to ask yourself. GETTING STARTED
☑ Understanding why most traders lose and why a small percentage win. GETTING STARTED
☑ Role of a Professional Forex Trader — Capital Preservation & Risk Management. A MUST KNOW!
☑ The K.I.S.S. Principle and importance of having the right mindset. A MUST KNOW!
☑ Price Action Analysis — Correct way to analyse and know what to look for. VERY IMPORTANT!
☑ Finding low risk / high reward entry and exit points on any Forex pair. UNIQUE STRATEGY!
☑ Capital to outlay and how to implement proper risk management strategies. A MUST KNOW!
☑ How to scan and find low risk opportunities on different time-frames. POWERFUL STRATEGY!
☑ How to identify major and minor trends using a top-down approach. UNIQUE STRATEGY!
☑ Setting up your charts with support/resistance, overbought/oversold zones. UNIQUE STRATEGY!
☑ How to identify trading ranges and know your profit potential in advance. A UNIQUE STRATEGY!
☑ How to trade market trend reversals and where to place your orders. A MUST KNOW!
☑ How to build your capital with the power of compounding. A MUST KNOW!
☑ Keeping track of your financial and emotional performance. VERY IMPORTANT!
Why is it important to start with a clean slate?
When your life starts looking and feels like out-of-control, and you’re running round in circles trying to sort out the financial mess and make things better for yourself and your loved ones, you might find yourself longing to just drop everything.
Create a clean slate. And start afresh. Easier said than done…
I shared my experience with you on my website on how I gave up on everything I had going in my life because I found myself stuck in a rut. Whatever I earned went into expenses and the burden on my shoulders just kept getting heavier with more demands from my growing family.
It all reminded me of my childhood when dad struggled financially and could not provide the basic necessities. I promised myself that I would never let that happen to my wife and kids. I still remember growing up how difficult it was to get to school each morning, to afford a nice meal for lunch and turning off the heater in the cold at home to save energy.
Life has taught me very important lessons.
Wiping out all that’s happened and brought you to where you are today – it's like forgetting about the past, the present and forgiving everyone including yourself to reach a state of mind like a new born who has much to learn and no negative feelings to carry forward.
Life is way too complex, confusing and cumbersome at times, but we must find and have a purpose to have high self-esteem.
What's your overall sense of self-worth and how much do you appreciate and value yourself and loved ones?
If you are asking yourself what has this got to do with trading — EVERYTHING.
The only thing standing between you and your success as a trader is your desire to succeed and your mindset.
Life's purpose that I have found meaningful is dealing with adversity and solving problems.
To give yourself, your family, your relatives, your friends and fellow human beings the opportunity is a purpose worth striving for, this opens up many doors not just for yourself but others.
Being financially comfortable I found myself in the position to help my friends, relatives and fellow traders online by creating this course with the purpose to help you achieve your financial goals.
So, Wipe out all of it, no ifs or buts. Just like that and start with a clean slate.
Let things be whatever they were, drawing a line underneath. Forgive yourself for the mistakes you've made.
No more worrying and no more over-thinking. And with that, shedding the weight of the struggle you may have had in the past with trading or anything else to start on a new journey.
You will be enlightened with what you will learn in this course. After going through the complete course that I have put together, you'll be FULLY EQUIPPED to trade the market and SUCCEED. You'll know the rules and strategies to win, not just win but win big.
You will learn how to make money on markets that are rising, falling and moving sideways.
You'll have the full scope of opportunities to trade no matter what the markets are doing.
Understand this, nearly everyone can make money in a rising market but it's the sideways, falling or unpredictable price movement that separates the good traders from the rest.
There is lots and lots of good honest know-how which has taken me years to learn that I'll be revealing to you.
Let me take you on a journey of knowledge, wisdom and enlightenment.
The Role of a Professional Retail Trader
I often get into dialogue with people on the subject of online trading and how does one make a living out of it.
Being a self-sufficient trader is a job role that you assign to yourself, you create it by making rules, understand it, modify it when required and evolve with time as you get more experienced.
Particularly when people have moved into a new role, they can find it quite a challenge to really get to grips with what it is they have to ‘do’ in order to be successful. Often they wait for someone else (i.e. their boss) to tell them what their role should be so that they can then work according to instructions on what they are expected to do.
When I started trading it suddenly occurred to me, that in this process of trying to work we can easily forget or not realize that trading is a job like any other, and you have to create our own job role. Chances are, that you don't actually know what you are supposed to do other than achieving the end goal which is to make money.
Usually when we are trying to do something new, that we haven’t done before, it can seem more difficult to know where to start. We may lack confidence or even feel daunted with lack of knowledge and skills.
But once we know that we have done it successfully, we naturally feel more confident in our approach because in a way confidence comes from having done something successfully more times in the past.
What is your role as a Professional Retail Trader?
If two different people were to trade the same market they would both approach it in very different ways and create their roles in the market around their own thinking, personality style and preferred way of doing things.
After a while one trader will go bust while the other becomes successful trading the same market.
As a trader we create our own job role every day of the week, every time we take on a new trade.
Most people trade unconsciously, by exploration and experimentation.
Recognizing what is actually required to be a financial trader might make you feel a lot more confident, having to create the new role around yourself, your preferred style and personality can go a long way in achieving success.
As humans we are all born with different qualities, a marathon winner cannot beat a sprint champion and vice versa. Therefore, your role as a professional trader depends on the style of trading that suits your personality.
Your role as a trader involves:
#1 Trading with a style that suits your personality.
#2 Creating rules to safe guard your trading capital.
#3 Trade with a reputable broker.
A Trading Style That Suits You
Often overlooked by many but your trading style requires to fit with your personality, your preferred style and personality can go a long way in achieving success.
Trading style often correlates with the personality of the trader. It is important to reflect internally on personality and lifestyle before choosing a trading style and creating a trading plan that fits you perfectly.
This is because using a trading style contrary to your personality will lead to difficulties down the road in sticking to the trading plan.When a trader finds a particular trading style that suits them best, the style endures long term.
As humans we are all born different, a marathon runner cannot beat a good sprint runner and vice versa.
A trader who isn’t comfortable with a trading style will often make the most common mistakes.
Scalping / Scalpers
Scalpers are traders who place trade position for a short-time period in an attempt to make profits out of small market movement. Forex scalpers require high volatility and sufficient market moves in order to make money.
Scalping involves the trader making quick trade executions while sitting in front of his/her computer using the set of rules and guidelines with strict risk management.
These set of traders buy and sell many times in a day with the mindset of making small percentage of consistent profits which add up.
As a scalper you will aim to generate profits in the shortest time possible and you will miss out on larger trends.
A scalper will often go for a 1:1 risk reward and aims for a high percentage 70%+ of winning trades in order to make money.
A day trader looks for trading opportunities and is more selective aiming for higher quality trades rather than the frequently of trades like scalpers.
A day trader will open and close their trade positions anywhere from a couple hours to the end of the trading session and will not leave positions open overnight.
Volatility and a good average day's range is an important element that day traders take seriously. For day traders it is important to see sufficient short-term price movement in their chosen currency pair or instrument.
Generally speaking, as a day trader you don’t want to risk $1 to make $1. A risk-reward ratio of 1:1 means that you need at least a 51% chance of winning, so instead, you want to risk $1 to make at least $2, or 2:1 risk-reward ratio in order to make money by being right less than 50% of the time.
Trading is established on the ground of entering and exiting a position to catch an intraday trend. Therefore, a small daily range and a choppy market is not of any interest to a day trader.
Swing trading is a more relaxed approached to making profits by holding trade positions overnight. A swing trader will make use of larger price trends, patterns, and technical analysis to search for financial instruments with medium to long-term price momentum.
The goal in swing trading is to trade on large price moves using a 4 hour, daily and weekly perspective leaving your positions to run for multiple days in order to obtain best returns.
Swing traders hold onto their trades when the market moves in an upside or downside swing and close when price halts, stops or has reached target. You are therefore required to be patient to hold your trades for several days to a couple weeks aiming for a minimum of 3:1 risk-reward ratio.
Swing traders generally make higher returns with much less effort compared to a scalper or a day trader by
being right just 30% of the time to make money.
This style of trading also doesn't involve watching the market in real time, therefore it is most suited for people with day jobs and other responsibilities.
Position Trading / Longer Term Investing
Position traders hold a trade position with a long-term approach which is anywhere from a period of weeks to months and sometimes, years.
Unlike day traders and swing traders, position traders are less concerned with short and medium term price fluctuation. Position traders are not active traders in fact, they are long term investors.
Such investors initiate few trade positions in an entire year and look for returns making use of weekly and monthly price action analysis to ascertain longer term trends. They make profits and returns from the price moves in primary trends. Trades are performed with emphasis on both fundamental and technical analysis.
Position traders have the ability to trade large market cycles to make better investment decisions, by taking part in a total evaluation of the financial asset.
Importance of Protecting Your Trading Capital
Everyone wants to make money in the Forex market, but sadly very few traders can make consistent profit in the retail trading industry with most out of the game within a few short months with total loss of capital.
Majority of the rookie traders lose money because they don’t know how to manage risk and protect their capital. Simply taking unnecessary risks will surely guarantee a blow up of the trading account within 1 to 3 months.
Risk Management: To survive as a trader, you must learn to protect your capital
This can be achieved by creating and following rules with a systematic approach that keeps your emotions in check. As a new trader, you take huge risks to make money and take even bigger risk to recover from losing trades. Following such aggressive steps will force you to over-trade and the moment you start over-trading you stand a chance of losing your entire capital.
Remember the 1% rule
Regardless of the market condition and your experience level, you should never risk more than 1% of your account balance. Follow the conservative trading technique and stop taking more than a 1% risk on any trade. This simple habit will protect your trading capital and is the key to survive as a trader.
Keeping Track of your Performance
After you put your day trading strategy to work during the trading day, it’s easy to let the energy and emotion overtake you. You get sloppy and stop keeping track of what’s happening.
Day trading is not a video game; it’s a real job with real money on the line. Keeping careful records helps you identify not only how well you follow your strategy but also ways to refine it. Your records will also show you how successful your trading actually is and if you are following the rules.
Using a spreadsheet
A simple spreadsheet is all you need to track your trading performance.
Set up columns as follows:
Time of the trade, Symbol, Entry price, Lot size, Percentage Risk, Exit Price, P&L and R/R Ratio.
Highlight your winning trades in Green or Blue and losses in Red or Orange to keep track.
Finally, calculate your performance based on the number of trades you took in a day's session, your risk to reward ratio, and average loss and profit return on your trades. Overtime you will find a pattern emerge on days when you are consistent versus the days you did not do well.
Trading with a Reputable Broker
Your timely trade executions, spreads and commission costs can make all the difference to your trading results as a scalper and day trader. It is important to find a broker which allows you to trade on the click of a button.
Things such as entry and exit orders getting rejected, a frozen platform, stop orders not getting triggered and data feed disruptions are common issues among Forex Brokers.
It is therefore imperative to find a reputable broker that fits your needs and requirements.
Here are a couple things to look for when selecting a broker
Find a broker which is NFA, CTFC, FCA or PRA regulated.
Lower transaction spread, and/or commission costs.
Timely deposit and withdrawal of funds.
Smooth trading platform with swift trade execution.
24 hour trade desk that you can reach by phone.
Always do your due diligence and check for online reviews to make sure that the broker provides a good service and valued by other traders. Get Zero Spreads - New Offer! (Tap Here)
Trading as a Business vs
The main difference between gambling at a casino and trading the global financial markets is that the casino has a mathematical formula with odds in their favor. You can practice and study the casino games all your life but it is mathematically impossible to beat the house.
How is trading different?
Gamblers cannot win over the long term but a good card player can win against a table full of bad card players. This is one of those few times a person can win at gambling, because they are not betting against a casino or a bookmaker but they are competing against each other. This is very similar to financial trading.
Financial speculation is a zero sum game, what that means is that it consists of thousands of contestants around the world all exchanging hands electronically through a computer system. For every seller, there is a buyer and for every buyer there needs to be a seller to exchange contracts.
Since Forex does not trade on a centralized exchange your trade orders get executed locally with your broker. When you execute a buy order, the broker sells and when you sell short the broker takes the opposite trade charging you a small commission in the form of a spread. The spread is the difference between buy and sell price or the bid and ask.
What makes trading interesting is that your broker and the thousands of traders around the globe have no control on market direction. Compare this with gambling, purely a game of chance that you cannot win over the long haul because the odds are skewed in favor of the Casino. There is however one exception.
Game of Poker
What makes Poker different is that you do not bet against the house but play the game with other players.
Poker is a game of skill played against other poker players each having the same edge at the start of the game much the same as trading the Forex.
For those who are addicted to Gambling:
Do you like to play a game of chance where the house holds an edge to make sure that you could never win?
Or would you rather be in control and beat the house.
Congratulations on choosing financial speculation over gambling.
You now have a real chance of success on a level playing field trading the financial markets of the world.
When I started out my career as a trader it required me to answer a few questions:
Am I OK with making a living that requires me to take money from people who are less skilled?
Am I OK with the fact that I will be trading against my broker but ultimately the result depends on my decisions?
Am I OK with the fact that I will have to risk losing money to make some and I will have to do it over and over.
Am I OK with the fact that when I lose money I will have to keep a good control on my emotions.
Am I OK with the fact that less than 10% people go on to become successful traders.
Why do most traders lose money?
Most people who jump into trading have little to no idea about the importance of trading psychology.
Successful traders know that psychology comes before the trading strategy itself.
Skinner, a Harvard psychologist studied the science of incentives. He did this by giving thousands of animals different incentives to be rewarded with food.
Part of Skinner’s research was determining what incentives are so powerful that they can’t be ignored causing animals to become obsessed beyond the need for food pellets. What kind of incentives make a pigeon lose its mind and how this relates to human behavior.
There are three types of incentives for the brain:
Fixed incentive - Brain doesn't get excited and slips into routine
Changing incentive - Brain gets excited, tries to solve puzzle
Variable interval and payoff - Brain goes crazy and gets addicted
Successful trading requires you to do the psychologically difficult, it requires you to ignore your instincts that
may be screaming at you to take a different action than what you actually need to take.
Less than 10% traders successfully train their minds to ignore natural instincts by having faith and discipline
to follow a mechanical process and approach that they trust.
At any time in every market traders think a price will rise while other traders think the price will fall, this is what creates a contrast environment of imperfect traders forcing you to make difficult decisions, such as buying when price is falling and short selling with price rising.
You are also required to control your urge when the
opportunity or favourable conditions are not present for initiating a new trade or closing an existing one.
Understanding your emotional state of mind:
Emotions are the most present, pressing and sometimes painful force in our lives. We are driven day by day by our emotions. We take chances because we're excited about new opportunities. We get angry when things don't go according to plan and we cry because we've been hurt beyond what we can emotionally or physically sustain.
Without a doubt, our emotions dictate our thoughts, intentions and actions with superior authority to our rational minds. But when we act on our emotions too quickly, we often make the wrong decisions that we later lament.
When you have your hard earned money on the line your feelings can alter between dangerous extremes. Veer too far to the left and you're bordering on rage with the market not doing what you want it to do. Steer too much
to the right and you're in a state of euphoria hoping for that one trade to surpass your expectations.
Thinking Brain vs the Emotional Brain
As with many other aspects of life, emotions are best met with a sense of moderation and logical perspective.
It is the negative emotions that must be handled with extreme care when it comes to trading.
Negative emotions, like anger or rage tend to spiral out of control, especially immediately after they've been triggered. In time, these sorts of emotions can slowly condition the mind to function on detrimental feelings and make bad trading decisions.
It is therefore important to re-evaluate the situation every time after a losing trade and not trade aggressively which is the natural response.
Here are the four steps to control your emotions and regain rationality:
1. Don't react immediately.
2. See the bigger picture.
3. Replace your thoughts.
4. Forgive your emotional triggers.
Reacting right away to emotional triggers can be an immense mistake.
Therefore, it is guaranteed that your actions will lead to later regret.
Before refuting the trigger with your emotional state of mind, take a slow deep breath and stabilize the overwhelming impulse. Take a break for five minutes away from the screen if necessary, and return back only when you become calmer. As you become calmer, affirm to yourself that this is only temporary.
Always have faith in your ability and see the bigger picture, trust the logic and follow your system with discipline.
Each day, week and month we start with a goal which is to generate a profit while ignoring the excitement and the thrill of the process. This can only be accomplished with the use of a strict rules and a systematic approach.
What is Price Action?
A question frequently asked by aspiring traders.
Simply answered, the swing highs and swing lows, the test of tops and bottoms on a chart is called price action.
Understanding this concept enables a trader to focus on finding opportunities i.e. good entries and great exits.
In other words, Price action is the footprint of the money.
It is a trading technique that allows you to read the market and make trading decisions based on the actual price movement on the chart, rather than relying on lagging technical indicators.
Indicators are derived from the actual price on the chart, therefore they are secondary. Technical indicators are designed to give you information on past price movements and not the future.
The Past, The Present, The Future
The most important factor in trading is what prices have done in the past, what they are doing right now, and what they are most likely to do in the future.
By using certain strategies using price action, we can determine what prices are most likely going to do in the near term, rather than trying to guess the direction of the market using lagging technical indicators.
Using Price Action we can learn about chart pattern analysis, which attempts to find order in the sometimes seemingly random price movement.
Having spent thousands of hours learning to trade, I am going to share with you the most effective trading strategies that the professionals use which will clean up your charts and remove the clutter that normally creates confusion and indecision for traders. Finally, a trading method that will allow you to trade profitably.
WHAT YOU HAVE LEARNT SO FAR
At the beginning of the course, I discussed about the importance of starting with a clean slate.
I am guessing the reason you are here, is to reach the end goal which is to sustain a lifestyle you desire by becoming a successful and profitable retail trader.
Success in trading can only be achieved with a conscious decision, you will require to make an effort to unlearn everything from the past and study the course with an open mind.
This is one of the few trading courses, if not the only one with clear and concise instructions on how to achieve success as a trader.
My goal is to share with you the tools and knowledge, so that you are FULLY EQUIPPED to trade the market
Please make sure that you have not only read but also understand everything that I have discussed before getting to the next part of the course.
Here's what I covered for you in Part 1:
Role of a professional retail trader
Trading style that suits you
Importance of protecting your trading capital
Keeping a performance tracking spreadsheet
Trading with a reputable broker
Trading as a business vs gambling
Why traders lose money
Thinking brain vs the emotional brain
Introduction to price action
If you have read straight through, it is recommended that you take a break to retain knowledge before continuing with a refreshed mind. The best way to remember, is by making notes and writing down a brief summary of what you have learnt in your own words at the end of each module.
Remember to be patient and enjoy the learning process.
Congratulations! You have successfully completed Part 1 of 5 of the trading course.
There is lots of more good content as you go through the course learning about successful trading, including my trading strategy in what follows. This is the only complete trading course you'll find on the entire internet that will teach you how to trade profitably.
Please email me to obtain access to Part 2 of your trading course and let me have your feedback.