Author: Rob Taylor

Do You Really Want To Be A Profitable Forex Trader?

Rob Taylor

Does that sound like a silly question? Its not. Its a perfectly reasonable question, but think about it a while before you answer it.

People get involved in this business for many reasons, but the main reason people get into this business is to make more money, and to have more free time. But the strange thing is, for the majority of people that trade the Forex market the reverse happens, they have less free time and less money.

Even for the majority of profitable traders, time spent in front of the screen in proportion to the money they make is not even minimum wage. Out of the 5% of traders that consistently make money from Forex trading, only about 10% of them actually make it to the point where they are making life changing amounts of money.

improve your trading resultsWhy is this? The answer is simple, the driving force behind most peoples foray into the Forex business is money. They want to make money, and lots of it. So what is wrong with that you ask. Nothing at all. 20% of the worlds wealthiest people have made their money in the finance industry.

So whats the problem? Well the problem is you have to be good at your job if you want to make money, and the better you are at it, the more money you will make. You cant say i want to make more money next week than i made this week. That will only happen if you are a better trader next week than you are this week.

So now answer the question, do you want to make money, or do you want to be a great Forex trader. If you want to make money, forget about trading and contact me about my managed account service.

If you want to be a great trader then contact me about my Forex training course.

Is it possible to make life changing amounts of money from Forex trading?

Yes it is. But to make life changing money from the Forex business you have to be a great trader. Most people fail in this business because they want to make money, they don’t want to be great traders.

Any job that requires you to have a skill requires a period of training, an apprenticeship to be a tradesman lasts for 4 years, doctors, vets, solicitors study for much longer than that. So why do people think they can enter this business with no skill, and make lots of money very quickly.

new life

Because its easy right? Forex trading is really easy, and anyone can do it, you just need to pay a few 100 dollars for a training course, set up an account with a broker, and you are on your way to your first million. In reality that will not happen, and for the majority of new traders making a million from trading is just a pipe dream.

Here’s a question for you. How do you walk away from this business after 12 months with a million pound in your account? You start with 10 million. 🙂

To be a great Forex trader you have to have, education, determination, discipline, and a skin as thick as a rhino. I have been in the trading business for many years, and there is nothing else i enjoy more than taking money out of the market, but the reason i can do that is because i am a great trader. I always wanted to be a trader, and i will always be a trader. Making money from the markets is a by product of being a great trader.

Most traders make money by pure luck rather than judgement. Think about this for a minute and this is 100% true. If you closed your eyes and randomly hit the buy or sell button, you would have more successful trades than the average retail Forex trader. I am not going to go into detail of why that is true, but it is.

A complete understanding of the market and the forces that drive price is the only thing that will make you a great trader, and consistent profitability will be within your reach. So if you do not have that understanding, and you feel that there is something missing from your trading methodology, then please feel free to contact me for an informal chat, about how i can help you become a great trader and take your trading to the next level.

Now answer the question again, do you really want to be a profitable Forex trader?

Thanks for visiting my blog, have a great day. 🙂

How Professional Forex Traders Trade The Markets.

Rob Taylor

Professional Forex Traders Verses Retail Forex traders.

There are many participants active in the Forex market but to keep things simple i like to split the players into 2 groups. Retail traders and professional traders.

Everyone starts off as a retail trader, but only a very small percentage actually have the skills and the determination required to make the transition from the retail side of the business to the professional side.

How To Become A Professional Forex Trader.

Becoming a professional trader has nothing to do with how many years you have been trading for. Some of my students were trading for over 10 years as retail traders.

Becoming a professional trader has nothing to do with your attitude, or your approach to trading. It also has nothing to do with whether you are trading full time or part time.

There are only 2 things that set professional traders apart from retail traders. Knowledge and consistent profitability. But you cannot have consistent profitability if you do not have knowledge.

Why Retail Traders Lose Money.

Why Retail Traders Lose MoneyThere are many reasons why retail traders lose money, but the main reason is a lack of understanding of how the Forex market actually works.

Now this is a real big problem for retail Forex traders. The reason its such a big problem is that many retail Forex traders believe that they understand how the Forex market works.

Retail traders believe that they know how to read a chart. So if you don’t know that what you are doing is incorrect, and you think that your understanding of the market is correct, why would you change what you are doing?

When a new student has their first lesson with me, they are totally blown away by what i have to say. Traders are so convinced that they know how to trade the Forex market, that it comes as a real shock to them when i show them what they have been doing wrong.

Only when i have educated retail traders to see the market how professional traders see it, can they move forward on their road to profitability .

Why Are So Many Retail Traders Doing It Wrong.

Its a fact that 95% of retail traders lose money. By losing money i mean not being consistently profitable. Everyone makes money from time to time, but making money long term is what counts.

The reason why retail traders are doing it wrong is very simple, its because they have been taught to do it wrong by other people that are also doing it wrong. The so called training providers that are teaching people how to trade, do not know how to trade themselves, and because they do not know they are doing it wrong, how are they going to change what they teach?

So as you can see its a vicious circle of incompetence that breeds more incompetence.

So Whats The Answer?

The answer is to pay a professional Forex trader to teach you how to trade. If you pay for a retail Forex training course, you will only learn how to trade like a retail trader, if you pay for a professional Forex training course you will learn how to trade like a professional trader.

You would not pay a plumber to teach you how to become an electrician would you? Its simple, find a professional trader such as myself, and pay them to teach you how to trade, it will save you years of heartache and lots of money.

How Professional Forex Traders Trade The Markets.

Now i don’t often give away anything for free, i charge a lot of money for my knowledge, and what i teach is worth 10 times what i charge for it, but i am going to give you a little insight into the way a professional Forex trader trades.

I have many strategies that i use every day to make money from the market, all of which i teach in my Forex training course, but to be successful one thing that you have to understand is the intrinsic value in what you are buying or selling.

We are in the buying and selling business, and any business that involves buying and selling has one underlying principle, that if applied correctly, will enable you to make money in any buying and selling business. And that principle is “its not the price you sell it for that makes you money, its the price you buy it for”. If you buy it cheap enough, you can always sell it for a profit.

How Professional Forex Traders Trade The MarketsLet me give you an example. You are chatting to the guy next door and he tells you he’s got a few financial problems and he needs to get some quick cash.

He wants to sell his 2 year old Mercedes, and wants to know if you are interested in buying it. So you ask him how much he wants to sell it for. He says £35,000, but he needs to know right now if you want to buy it or not.

You cannot have any time to go online and check out the model, the mileage the condition etc to get a value on it. So you say “i don’t know if that’s a good deal or not, so i am going to have to say no thank you”.

The next day you see the guy again, and he says look mate i really need to sell this car today, i will let you have it for £25,000, but i need the money today. You have still not checked out the price of the car online, but you are getting it for £10,000 less than he was offering it to you yesterday, so you agree to buy it, as you think it must be cheap now, as its 10k less than yesterday.

So you give him the money and take the car. You then go online to check out the price, and see that they are selling the same car with the same mileage in the same condition in your local garage for £23,000. Now based on the fact that the local garage will probably have a 2k mark up on a car like that, the true value is probably around £20,000 for a quick sale. So you have just lost £5000 in the blink of an eye.

Now why did you lose your money? You lost your money because you bought something that looked cheap, but as you did not know the true intrinsic value of it, turned out to be expensive.

So there are 2 lessons to be learned from that example. Just because it looks cheap, does not mean it is cheap, and knowing the true value of what you are buying before you buy it will make you money. As i said its not the price you sell it for that makes you money, its the price you buy it for.

Thanks for visiting my blog, have a great day. 🙂

The Most Precious Commodity In the Universe.

Rob Taylor

Rob Taylor Forex TraderIf someone asked you to name the most precious commodity in the universe, most people would say gold, or diamonds or some other precious metal or stone, but the most precious commodity of them all is something far more valuable, far more simple, and far more complex than any precious metal or stone. And its something that you get given at birth for free, and it stays with you all of your life, increasing in value with every day that goes by.

Some people will see the true value of it, but other people will just waste it, thinking there is much more where that came from, but they are wrong, there is no more, you get your quota at birth, and that’s all you’re getting.

So what am i talking about? What is this precious commodity that is freely available to everyone, that out values every other commodity in the universe?

Before i give you the answer, (and i am sure there are some pretty smart people out there that have already guessed what the answer is) i want you to think about your life, and where you are in its cycle.

Are you young, are you old? Have you achieved everything you want to achieve, or are there things you still want to do? Are you happy with you life, are you sad, are you indifferent to your life? Do you have regrets over missed opportunities, or are you happy with the choices you have made?

We are all different and all unique, but there is one precious commodity that we all share, that makes us equal with every other man woman and child in the universe, and how we use that commodity will shape our lives. It will make us rich beyond our wildest dreams, or it will make us dirt poor. It will make us happy, it will make us sad. It will make us regret, it will make us have no regrets, and when we depart this earth it will be given to someone else, for them to use or abuse in a way that they see fit.

Many people do not appreciate the true value of this precious commodity, they waste it on a daily basis. Its only when they are close to the end of their lives, that they really see its true value, but then its too late.

So what is it? Its time of course. Don’t waste yours. The clock is ticking, and there is no more coming your way anytime soon.

Will The New Year Bring You Forex Trading Success?

Rob Taylor

Forex trading successFirst off i would just like to wish everyone a Happy New Year.

2016 is going to be another great year of trading for me, but will 2016 bring you Forex trading success?

I have been watching a number of trading videos over the holiday period, and i would like to say a big thank you to all the guys that have kept me entertained throughout this extremely boring time of year.

Making videos is a time consuming job, but these guys seem to have a lot of time on their hands, and i suppose its a lot more rewarding for them than trading is, and its a lot less expensive.

Some of the crap i have been listening to from these so called traders is unbelievable. Are they really making it up as they go along, or does it just seem that way. To say these guys do not have a clue about what is going on in the market is putting it mildly.

Every video i came across was nothing more than an amusing interpretation of how not to trade the Forex market. Its very sad to see these videos encouraging people to get involved in this business, and selling them a dream of Forex trading success, when the truth is its not going to happen.

You are not going to learn how to make money by listening to this rubbish. Forex trading is a professional business that you need to learn and understand. It takes a lot of time and effort on your part in order to be successful, and you are not going to be successful unless you get a professional trader to teach you how to trade.

The people that make these videos cannot trade, if they could trade, they would be trading and making money, not making videos. Why do 95% of traders lose money? Because of these guys. They are teaching you stuff that don’t work, and never will work. So don’t waste your time learning it.

If you are a struggling trader please don’t let 2016 be another year of frustration and missed profits. Find a professional trader and pay them to teach you how to trade. It does not have to be me, there are other professional traders out there like me, but you wont find them making videos and uploading them to YouTube. 🙁

Thanks for visiting my blog and have a great day.

Update.

Rob Taylor

I have had a couple of emails from people asking why i have not updated the site for a while, and if i am still available for training and mentoring.

I apologize for not updating the site, but i have been busy with new students. Teaching and trading has been taking up a lot of my time, and at the weekends the last thing i want to do to be honest is start writing articles for the blog. 🙂

So that’s the reason i have not updated for a while, but i am still here, and still busy. 🙂

How To Be A Sucessful Forex Trader Using Market Logic.

Rob Taylor

In order to be a successful Forex trader you have to keep it simple. I have many profitable strategies that i use to make money from trading, but they are all based around simple market logic.

So what is market logic?

To understand market logic you have to understand the major forces that drive the market. What makes prices move up and down?

Most traders think that buyers and sellers move the market up and down. Now although that is true its not the only factor that drives price.

Other factors that influence price.

Think about this. When you enter a trade you buy or sell the market at a specific price. Now whether that trade is successful or not, you will have to exit that trade at some point in the future.

So say you buy the market, and set a take profit and a stop loss. Now in order for you to exit that trade, whether in profit or loss, your buy order will have to sell the market at some point to close out your position. So just by closing your trade you are influencing price.

The power of the majority.

If everyone is selling the market, why would you want to buy it? If everyone is buying the market why would you want to sell it?

This is a mistake that a lot of retail traders make. They try to catch tops and bottoms. I have done this myself when i first started out. How many times have you seen prices going down, and thought its going to reverse here, this is the bottom. So you pile in, only to see it go further down, and you think why is it going down, and down and down?

Well think about it logically. You buy at what you think is the bottom, and a few 100 others do the same, because lets face it, its not only going to be you that thinks its the bottom, there will be 1000s of other retail traders that think the same thing, who will also be buying at various levels.

So if all of these retail traders are buying, why is it still going down. Because the majority are still selling, and your buy orders are adding to that selling pressure.

How can buy orders add to selling pressure?

Well think about the other factors that influence price. Buy orders are seen as positive by the majority of traders, but when you have a strong downtrend they are negative. They are fuel for the fire of the downtrend. Why? because those buy orders are closed out with sell orders.

So as uninformed retail trades are trying to catch tops and bottoms, their stop losses are adding strength to the move, as those buy orders close as sell orders. Even if some traders do manage to catch a temporary bottom, when they close the trade for a small profit, their sell orders will send prices down again.

Major reversals in the market.

So if what im saying is true, and it is, what makes the market reverse, if its not buyers? Well if its not buyers that make the market reverse, it must be sellers right? Yes, but not just sellers. There are 3 main factors that will make the market reverse from a strong downtrend, or a strong uptrend. Buyers, sellers, and profit takers.

In this case we will work with the downtrend. As we have already established by trading against the majority you will lose your money.

The picture below shows how buyers, sellers, and profit takers affect the market.

Market Logic

In order to avoid losing money in the market, you always have to be on the correct side of the move, and trade with the majority. Following the trend is not always the answer though, as you can see how the buyers and sellers in that downtrend got smoked by entering at the wrong time. You have to enter and exit the market at key reversal levels in order to be successful.

My Forex training course will show you how to enter and exit the maket safely, and how to trade alongside the professionals.

If you enjoyed this article, and you think it would benefit other traders, please like it on Facebook, share it on Twitter, or bookmark it using the buttons below. Thanks for visiting and have a great day.

High Probability Reversal Patterns.

Rob Taylor

One of the keys to success in the Forex business, is having the ability to identify high probability reversal patterns on the chart.

There are many reversal patterns that present themselves on the chart every day, but not all of them are high probability. I am going to talk about some of the better patterns and how you can use them in your trading.

The Engulfing Candle.

engulfing candleAn engulfing candle or outside bar as its sometimes called, represents a complete change in trader sentiment. The way an engulfing candle forms is probably one of the biggest clues that a reversal or a potential reversal is on the cards.

Engulfing candles often form at the end of a trend and can be great reversal signals. The logic behind the engulfing candle is very powerful indeed, and the candle will change bulls into bears and bears into bulls in a very short space of time.

An engulfing candle is a very basic price action set up, but works very well at key reversal levels in the market. For more information on how to trade engulfing candles click here.

The Inside Bar.

inside barAn inside bar is basically a candle that forms inside another candle. Inside bars represent indecision in the market, and can be good indications of a potential reversal. They are not as powerful as engulfing candles, but when traded at good levels, they can produce a successful trade.

Inside bars can also produce a nice breakout trade. Breakouts work best when you have a multiple inside bar set up. A multiple inside bar set up can sometimes be called a flag, or a pennant. Multiple inside bar set ups will produce a much stronger breakout trade than a one bar set up, purely because the volume of orders in the market will be much larger, and as the price breaks out, and the stops are hit the move will be more powerful.

For more information on how to trade inside bars click here.

The Head And Shoulders Pattern.

The head and shouldlers, or inverse head and shoulders pattern, is also a very good reversal pattern and you will often find them at the end of trends, and at major turning points in the market. The head and shoulders pattern can be a very profitable pattern if you know how to trade it correctly.

Below is a picture of a head and shoulders pattern. You can also see that the right shoulder is made up of an engulfing candle, which makes the set up even stronger.head and shoulders

This set up works well when the left shoulder and the right shoulder are at the same level, but this does not always have to be the case for a head and shoulders reversal to work, but the head always has to be above the left and the right shoulder.

These are just some basic price action reversal patterns that you can use to help you in your trading. If you want to learn more advanced high probability reversal patterns please consider my Forex training course.

Can Setting Stop Losses Make You A More Successful Trader?

Rob Taylor

Some traders use them, some traders don’t. I use do them, and in this article i am going to explain why setting stop losses will make you a better trader.

What are stop losses?

stop lossFor those of you that are very new to trading, stop losses are pending orders placed in the market, to close a position at a certain price point, if a trade goes against you.

Stop losses are exactly that, they stop you from being exposed to significant losses if you get it wrong.

Many traders do not fully understand when it is safe to enter a trade, so they often get into the market at the wrong time, and a stop loss is used to limit a traders losses if the trade moves too far from the entry position, to a level where the trader feels that the trade will not be a successful one.

How are stop losses used by the majority of traders?

The majority of traders to do not have a clear understanding of the market, and are therefore entering trades based on how much they are prepared to lose on a trade, rather than how much they can profit on a trade.

A professional trader will always look at a trade from a profit point initially. A professional trader will understand the market, and will see a profit target first before he sets his stop loss.

A typical retail trader will set a stop loss of anything from 10 to 30 pips from their entry point, and they will target a risk reward ratio of at least 2 to 1. So their profit target will be anything from 20 to 60 pips.

Now if you are reading this and thinking yes that’s me. That’s what i do, but i always seem to get stopped out. Whether i set a 10 pip stop or a 30 pip stop i always seem to get stopped out, it just takes a bit longer if i use a 30 pip stop.

Why the majority of traders are getting stopped out.

The simple answer is they are entering the market at the wrong time. Think about this statement.

The market does not care where you enter, and it does not care where your take profit is. The market will do its thing and you will either get stopped out, or price will hit your take profit.

Traders that are getting stopped out more often, tend to use bigger stop losses to avoid the stop out. But if you increase the size of your stop loss, you also have to increase your take profit target. So if you are using a 2 to 1 RR, a bigger stop loss will mean a bigger take profit, and if you are targeting a bigger take profit, the sentiment of the market has more time to change before your TP is hit, and your trade has less chance of working out.

So how can you avoid being stopped out before your take profit is hit?

The answer for the majority of traders is to trade without stop losses. I have been trading professionally for quite a few years now and i have seen many changes in the market, but one of the most significant changes that i have seen, is how many retail traders are now trading without stop losses.

If you want to see your money go down the toilet, trade without a stop loss.

Stop LossesWhy are retail traders trading without stop losses?

The main reason is because they do not want to lose their money, but another more interesting reason is they think that if they put a stop loss in the market that is visible to their broker, then it will be easier for the broker to stop them out if they know where their stop is.

Many retail traders talk about stop hunting, and say that if your stop is visible to your broker he will hunt you down and stop you out. This is complete rubbish. No broker is going to move the market to get your 100 bucks. Do you know how much money is costs to move the market 1 pip? Why would a broker spend millions for dollars trying to move the market to get your 100 bucks?

Trading without a stop loss is not the way to be successful in the Forex business. Trading success is about entering the market at the correct time. If you do this then the chance of you getting stopped out is greatly reduced, and your trade is more likely to hit your take profit.

Why i prefer to use stop losses.

To benefit from the use of stop losses you first have to learn how to trade, so you are entering the market at the correct time. When you know how to trade, a stop loss is very important because it takes the emotion out of trading.

When you enter a trade with a stop loss, you are limiting your risk, so if you are comfortable with your risk, and your potential reward, then you are trading based on a calculated trading decision, and not on an emotional hunch.

Traders that trade without stop losses are emotional wrecks, as they do not know their potential loss in advance, so they are glued to the chart, hoping and praying that the trade works out before they lose their shirt.

This is not how professional traders trade. Professional traders take calculated risks based on high probability trade set ups. They set a stop loss, and a take profit that they are comfortable with, based on a clear understanding of the market and its participants. When the stop loss and take profit is set, they move on to another trading opportunity.

Set and forget.

Although i am not a great fan of set and forget it does take a lot of the emotion out of trading. I tend to use a set and monitor strategy rather than a set and forget. The market is constantly changing and i believe that you have to monitor your trades as the market changes. You may need to tweak your stop a little, or your take profit, to maximize your potential reward, and limit your potential risk.

Setting stop losses will help you to become a more successful trader.

Setting stop losses takes the emotion out or trading.
Setting stop losses enables you to set and forget. Or as i prefer set and monitor.
Setting stop losses helps you to protect your capital.
Setting stop losses means you can move onto new trading opportunities, and not sit glued to the chart all day.
Setting stop losses gives you your life back. If you want to go for a walk, or go and grab some lunch you can do, because you have the protection of a stop loss, and you are comfortable with your risk.

The most important thing to take from this article is stop losses will only work if you are entering and exiting the market at the correct time, and that is the holy grail of trading in my opinion.

What Are No Supply And No Demand Candles?

Rob Taylor

How to identify no supply and no demand candles.

In past articles we have talked about pin bar reversal candles, and outside bars, as potential areas in the market where price can reverse. I now want to look at another candle formation that can also be an indication of a potential reversal signal.

No supply and no demand candles take into consideration the buying and selling volume within the candle formation. By studying the volume within a candle, you can establish where buyers and sellers are active or inactive in the market.

No Supply Candles. (No Sellers)

No supply candles indicate a potential long trade. The criteria for a no supply candle is as follows.

The Volume within the candle formation has to be lower than the volume of the previous 2 candles.
The candle has to close bearish (red body).
There has to be some sort of rejection (pin or wick) at the low of the candle.
If the candle closed at the bottom it would not be a no supply candle.

Below is an example of a no supply candle on a daily chart. The dotted line highlights the bearish candle with rejection at the low, and lower volume than the previous 2 candles.

As you can see it was a nice reversal level in the pair, and went on to produce some nice pips.

no supply candle

No Demand Candles. (No Buyers)

No demand candles indicate a potential short trade. The criteria for a no demand candle is as follows.

The Volume within the candle formation again has to be lower than the volume of the previous 2 candles.
The candle has to close bullish (green body).
There has to be some sort of rejection (pin or wick) at the high of the candle.
If the candle closed at the top it would not be a no supply candle.

Below is an example of two no demand candles on a daily chart. The dotted lines highlight the bullish candles with rejection at the high, and lower volume than the previous 2 candles.

The two no demand candles both produced nice trades, but more importantly they also formed a double top in the market, which is another good reversal signal in itself.

no demand candles

If you look at the second no demand candle, you will also see an inside bar next to it, which is a sign of indecision in the market. A nice 50% retrace entry on that too before the sell off 🙂

Using no supply and no demand candles as potential reversal points within supply and demand areas is a trading strategy that can produce some nice results.

If you enjoyed this article and you think it would benefit others then please feel free to like it on Facebook, share it on Twitter or bookmark it using the bookmarking buttons below.

Thanks for visiting and have a great day. 😉

How To Identify Supply And Demand Areas

Rob Taylor

Knowing how to identify supply and demand areas on a chart will help you to make more informed trading decisions.

What are supply and demand areas?

Supply and demand areas are all over a chart on every time frame, supply and demand makes the market work, as it creates an imbalance in the market, and that imbalance is what makes the price go up and down.

For example: Prices move up and down on perceived value. Say Euro Dollar is trading at 13500. Some people may think that is expensive, some people may think that is cheap. The people that think its cheap are buying, and the people that think its expensive are selling.

Now, if you have an equal number of buyers and sellers on both sides, then price will stay at 13500. The currency has reached its fair value according to buyers and sellers. Price will stay at fair value until an new imbalance of buyers and sellers is found. As new buyers and sellers are continually coming into the market, fair value can last a few seconds, or price can literally trade around the fair value area for ever in theory. Until a new imbalance comes into the market, the price will not move from the 13500 area.

Its not just about the buyers and the sellers.

Now consider this, its not just about the buyers and the sellers in the market, its also about the price.

Price is the most important thing in Forex trading, and you should never forget that.

To create an imbalance you must have more buyers at a higher price than the current price, or more sellers at a lower price than the current price. You may have more buyers than sellers in the market, but the price could still go down. Or you may have more sellers than buyers in the market but the price could still go up. How does that work then? I will try to explain.

Say you have 1000 sellers around the 13500 area, but you have 100 buyers that are buying from 13480 up to 13520. Sellers out number buyers 10 to 1, but if the cumulative value of their sell orders, are not larger than the cumulative value of the 100 buyers orders, then price will still go up. The total value of the buy orders, are worth more than the total value of the sell orders, so the demand for Euro Dollar is outstripping supply, so the price continues to go up.

When the last of the buy orders are filled at 13520, and just another 50 sellers come back into the market at 13520, and the cumulative number of sell orders is outstripping the now very small amount of cumulative buy orders, you then have more supply than demand and the price will do down. So to recap, more cumulative supply and the price goes down, more cumulative demand and the price goes up.

How to identify supply and demand areas.

Now this is the tricky bit. How do you know when supply is outstripping demand or vise versa? And more importantly, how do you know when fair value has been reached? and how do you know when supply will change to demand, or demand will change to supply?

This is the holy grail as far as Forex trading is concerned. If you can identify when price will switch from supply to demand, or demand to supply, you are effectively identifying key reversal levels in the market. And if you can identify these reversal levels in the market with high probability, then you have a license to print money. A lot of what i teach in my Forex training course is about how to identify key reversal levels in the market.

Identifying these reversal levels is not as easy as it may look though. Well unless you have access to every brokers order book, which you don’t. So in the absence of every brokers order book, you have to study the chart to identify possible supply and demand areas from which to buy and sell. I cannot go in to detail about what i teach in my course, and how i identify reversal levels in the market, but you can use previous areas of supply and demand, as possible new areas of supply and demand, rather like a trader would use previous support and resistance levels, as possible areas to buy and sell.

The chart below shows you how previous supply and demand areas are respected, and how trading long and short from those areas would have produced nice profitable trades.
supply and demand

Rather like support and resistance levels, sometimes old supply and demand areas produce some nice trades, but also like SR levels they don’t always work. The skill is in knowing which ones will work, and which ones will fail, and i can teach you how to identify the supply and demand areas that will work, which will enable you to take high probability profitable trades from those areas.