how to trade

Trading The Professional Side Of The Forex Market

Rob Taylor

Trading The Professional Side Of The Forex MarketOk, I am going to make this easy for you. If you are not trading the professional side of the Forex market then you are going to lose your money.

That’s the easy bit. Now, this is the hard bit. What is the professional side of the market, and how do I trade it?

Professional side versus retail side.

Ok, let me start with some simple facts. Whether you realize it or not there are two sides to the Forex market. The professional side, and the retail side.

If you are losing money consistently in the market then you are trading the retail side. You are basically a retail trader. If you are consistently making money in the market then you are either very lucky, or you are trading the professional side of the market, either knowingly or by accident.

Now it’s very unlikely that you will be trading the professional side of the market by accident, as you have probably learned how to trade by watching youtube videos, or by paying a so-called professional trader to teach you how to trade.

By doing this you will only have the knowledge that is available to retail traders, as there is nothing that I know of online, either free or paid, that teaches you anything about the professional side of the market.

No, I tell a lie, there is a gentleman by the name of Anton Kriel that teaches you the professional side of the market, but what he teaches is a little different from what I do. He is more of a long term fundamental based trader, I am a technical day trader, but he does, to his credit teach the professional side of the market.

Now, if you are reading this article with your mouth open, then up until now you have probably not even realized that there is a professional side of the market.

Trading the professional side of the market is your edge.

Now I’m going to reveal something that may turn everything that you think you know about Forex trading on its head. The Forex market is a game of two players. Retail traders versus professional traders. Professional traders make their money from retail traders. Retail lose, professionals win, its as simple as that.

Have you ever heard retail traders talk about their edge in the market?

You have to have an edge in the market to be successful right? Wrong.

You have to have a new trading strategy that gives you an edge over all of the other players in the market right? Wrong.

The only edge you will ever need if you want to be successful is to be able to trade the professional side of the market. Your edge is your ability to take money from retail traders, by trading the professional side of the market.

Retail trading websites common myths.

Have you ever heard retail trading websites say this?

You need to follow the big banks, they are the people that move the market, follow them and you will be successful right? Wrong.

You need to follow the big momentum moves in the market, that’s professional traders getting in right? Wrong.

You need to follow the fundamentals to be successful. Researching the news feeds and understanding the news will make you successful right? Wrong.

You need to buy at support and sell at resistance, that’s where the big players are getting in right? Wrong.

You need to identify the supply and demand levels in the market, that’s where the big players are buying and selling right? Wrong.

Its all rubbish and doing any of the above will cause you to lose your money in the market.

Let me say this again to avoid any confusion. You can only make money consistently if you are trading the professional side of the Forex market.

In my Forex training course I can show you what the professional side of the Forex market looks like, and more importantly how to trade it with success. For more information click here.

Forex Trading The Easy Way.

Rob Taylor

Forex Trading The Hard Way.

Lets get one thing straight before i start. Forex trading is not easy. It looks easy, but if you have been trading for some time, you will know that it is probably one of the hardest things you have ever tried to do. But learning to trade Forex is as easy or as hard as you make it.

Easy Or HardI liken learning to trade the Forex market, to learning a foreign language, but instead of learning French or Spanish you are learning all the languages of the world at the same time. Now how hard would that be? About as hard as learning to trade Forex. 🙂

It does not have to be that way though. I did it the hard way with 1000’s of hours of chart study, but i am a bit like a dog with a bone. When i put my mind to something i have to accomplish it. I don’t care how long it takes, or how many knock backs i get, and let me tell you i have had many knock backs. I probably blew 3 live accounts before i cracked it.

There is no shame in that i can tell you. Blowing one account is bad enough, and most people give up there, but i was determined to succeed, and succeed i did. The hard way.

Forex Trading The Easy Way.

But there is an easy way. You pay someone like me to teach you how to trade, its as simple as that really. Paying me to teach you how to trade like a professional trader, may seem like the cheats way out, and yes it is, but think about it this way.

I have blown the trading accounts, so you don’t have to.
I have done the 1000’s of hours of chart study, so you don’t have to.
I have got up at 5am and gone to bed at 1am, so you don’t have to.
I have fallen out with with my wife many times, so you don’t have to.
I have learned to trade the hard way, so you really don’t have to.

Money Making MachineI am not saying you are not going to have to make sacrifices. Yes you will have to spend time studying charts, maybe after a hard days work, maybe at weekends. Yes you will have to have the desire to be successful. Yes you will have to learn how to trade. I am not handing you a fool proof plan, you will have to learn, but you will be learning the easy way, not the hard way as i did.

It may take you 3 months, it may take you 6 months, it may take you 12 months to become consistently profitable. How long it takes you is determined by how hard you work. But if you are prepared to work hard, and you really want to succeed at this business. I can give you something very special that will change your life.

I can give you the keys to the money making machine that is Forex. All you have to do is learn how to switch it on. 🙂

Thanks for visiting my site, and have a great day.

How Much Time Are You Going To Waste? How Much Money Are You Going To lose?

Rob Taylor

Professional Forex TraderSome statistics for you to consider.

95% of retail Forex traders lose money.

Most retail traders blow a min of 3 trading accounts before they give up.

Apx 50% of retail traders give up within the first 6 months.

Of the 50% that are left apx 90% of them give up within 2 years. Of the 10% that are left around 30% will go on to achieve consistent profitability.

The average length of time it takes a retail trader who sticks it out to get to consistent profitability is 6 years.

Not great stats are they?

Why are these stats so bad?

I was watching a YouTube video the other day of a so called professional trader who said that he did not know how institutional traders trade. He also said that brokers do not put retail orders in the market, but just write them down on a piece of paper. There were over 200 people watching his live feed trying to learn from him. How are you ever going to make money listening to people like that, and the internet is full of these clowns.

You are not going to learn how to trade by watching YouTube videos.

I was sent this email the other day from a marketing company telling me about this fantastic trader.

Hi Rob,

I wanted to give you one last reminder to get started with xxxx’s trading room. His $7 trial is ending in just a few hours (midnight TONIGHT).

Look I’ve been in this industry for a few decades now, and I’ve seen all sorts of rapscallions trying to bamboozle you into joining something to steal your hard-earned income.

That is not the case here.

We’re offering to give you full access to a legendary trader (xxxx xxxx) for just $7 for an entire 7 days.

Think about what it would cost to pay someone like this to be your coach. Most people of his caliber are charging a MINIMUM of $1,000 per hour.

That’s $40k for a week… and we’re giving you access for just $7.

Why?

It’s pretty simple.

We know that many of you will continue to stay on as members, paying just $197/mo for access to his trading room (which is a steal in itself!). The $7 is simply to weed out those who are actually serious about this, from those who aren’t.

And I want to reassure you that if this trading room isn’t for you… just cancel it within that first 7 days and you’ll never be charged again. It’s easy to cancel – just email his support team. There’s no trickery here.

Go here to get started now.

Remember, this offer ends at midnight tonight, just a few hours from now.

So people of his caliber charge a min of 1000 bucks an hour, but he’s charging 7 bucks a week, then 197 a month. Why do people fall for this crap. If he was worth a 1000 bucks an hour that’s what he would be charging.

And if he is such an amazing trader, why would you decide that his trading room is not for you?

Read the title of this article again and think about this statistic.

90% of successful professional traders have been trained by another successful professional trader.

Don’t waste any more time or money. For more information on my Forex training and mentoring program please click here.

Make over 100 pips profit with this strategy for trading the news.

Rob Taylor

Trading the news can be very profitable if you can predict which way price is going to move. Entering a trade just before a news release can net you 30 or 40 pips very quickly if you get the direction right. But predicting which way price is going to move is very much a gamble, so most traders do not trade the news, as its just too risky, and you often get stopped out, as price quickly moves one way, and then the other. This type of move is known as a whipsaw. Most traders have experienced this whipsaw effect, when price goes up then down very quickly, and it seems no matter which way you trade, you always seem to get stopped out.

Now i look at the charts in a very different way to 95% of traders out there, and i can always see an opportunity in whatever the market throws at me. When you understand why the market moves as it does, you can profit from almost any trading scenario, and trading the news can also be a great opportunity to profit from the market.

A strategy for trading the news is probably one of the hardest things to develop, but if you understand what is happening to price then its a lot easier. Now i am not going to go into the ins and outs of price action, and how i use it, but i would like to give you a simple but effective strategy for trading the news. This strategy can give you over 100 pips profit on a major news release if used on multiple pairs.

Now the big problem with developing a strategy for trading the news is stop losses. When most traders enter trades they set a stop loss. That stop loss could be anything from 10 pips to 30 pips, or more if you are trading higher time frames. Now if you are trading the news on the 15 min time frame, and you set a stop loss how big should it be? 10 pips, 20 pips, 30 pips, more? It is very difficult to set a stop loss for a news announcement, as you don’t know how big the move is going to be? So if you don’t know how big the move is going to be, how can you set a stop loss? You can set a stop loss above a recent high, or below a recent low, but a big whipsaw like the one in the screenshot below will still wipe you out. So what do you do? How do you profit from a move like that? Well the trading strategy below will describe what you need to do to make money from a news based whipsaw move.

strategy for trading the newsIf you think about what happens in a whipsaw, price goes up, stops out short traders, price goes down, stops out long traders. Now you know price is going up, to stop out shorts, and you know its going down to stop out longs, so this is what you do. You enter two trades, one long, one short, as close as you can to the the mid price of the move that leads up to the whipsaw. If you look a the screenshot above, this would be the middle black line. You set a take profit on both trades of 15 to 20 pips. You can go for more pips if the news is big, and you are going to get a bigger whipsaw, an interest rate decision for example, but 15 to 20 pips is a safe amount to go for.

Now the important part of this strategy is NOT to set a stop loss. Your take profit becomes the stop loss. Most traders will be trading this with a 20 to 30 pip stop loss, you trade it with a take profit instead of a stop loss. Price goes up, hits your take profit, price goes down hits your take profit. As price is hitting other traders stop losses, its hitting your take profit. But because you are trading without a stop loss, it does not matter which way price goes first, you are not going to get stopped out, you are only going to get your take profit hit. Does that make sense? Read it again if you are unsure.

Now there are a couple of important things you need to be aware of before you use this type of strategy for trading the news. The news release must be a high impact release, ( you can check which news releases are high impact on the calendar on the homepage ) NFP, interest rate decision, FOMC etc. A high impact news release is much more likely to produce a whipsaw move. The market also has to be moving in a tight range before the news is released. Check the screenshot above for an example of what you are looking for. This is VERY important. When the market has been moving in a tight range before the news traders stop losses are in easy reach of the whipsaw. If price has been going up, or going down before the release, then the whipsaw is less likely to happen. If you have the tight range that you need, you must enter as close to mid price as you can, so you are not exposed at the end of the range. If you are, your 15 or 20 pip take profit may not get hit in both directions.

Something else you can do to maximize your profit, is to trade this strategy on more than one pair. If the news is euro related, trade all euro pairs, if its dollar related, trade all dollar pairs, if its Yen related, you get the idea. As long as you have the tight range you are looking for before the news release you can trade any relevant pair. Trading more than one pair will also spread your risk, just in case you do not get the whipsaw on all the pairs. As long as you get it on the majority of pairs you will still make plenty of pips, and your take profit will get hit one way or another.

Please note: I am not a news trader. The strategies i employ for trading are low risk high probability trading strategies. A lot of my trading is based on chart logic, and this strategy is a logical way to trade the whipsaw on this type of news release. If you are a news trader then this strategy will hopefully help you understand the whipsaw, and how to profit from it. If you decide to use this strategy or not, i hope its been enjoyable reading, and made you think about the market a little differently. Making money from trading is all about understanding what is happening on the chart, and thinking outside of the box. 🙂

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 my blog and have a great trading day.

How To Find The Best Forex Trading Strategies.

Rob Taylor

Apologies for not posting for a while, but i have been really busy with new students. As Christmas is nearly upon us and the markets are pretty quiet, i thought i would write a post about how to find the best Forex trading strategies.

Can you really find a great Forex trading strategy?

how to find the best forex trading strategyEvery Forex trader is looking for a great Forex trading strategy, but finding something that works consistently well, is very difficult for the average retail Forex trader. There are 100’s of strategies you can use to trade Forex, most will fail miserably, but with strict money management, you may find a few that you could make some money with.

The problem with the majority of Forex trading strategies that are employed by retail traders, is that they are based on beliefs about the Forex market that are inaccurate. So a trading strategy based on those beliefs cannot be successful long term.

How do i trade?

I am a very matter of fact trader, and i trade a rules based method, based on a complete understanding of the market, and advanced price action trading. I enter and exit trades at key reversal points to maximize profitability, and to minimize losses. Forex trading as far as i am concerned is very black and white. I don’t waste my time trying to find strategies that work. You really don’t need to do that. All as you need to be a successful Forex trader, is a complete understanding of how the market works, and the ability to read the chart. I have that understanding and ability, and i trade very successfully based on knowledge, rather than weak retail trader strategies.

There are only really 2 ways to trade as far as i am concerned. The right way and the wrong way. On one side of the fence you have retail traders, or the 95% as i like to call them. And on the other side of the fence you have the professional Forex traders, or the 5%.

The 95% waste years trading and back testing 100s of trading strategies, strategies that are never going to work long term, as they are based around rules and beliefs that are inaccurate. The 5% know how to trade, so they spend all their time trading and making money. Now if you are reading this and thinking “this guy does not know what he is talking about, i have been testing this really good strategy for a few months now, it just needs a little bit of tweaking and it will work just fine”, you are more than likely in the 95%, and you need to forget about back testing, and start learning. What i do works, it has always worked, and it will always work. It does not need back testing.

Finding the missing piece in the Forex puzzle.

finding the missing piece to the Forex puzzleI remember when i first started trading, it was really hard. Nothing seemed to work well enough to make money consistently. Everything i tried was not quite cutting it. It was as if i was almost there, but i just needed the last piece of the puzzle to be consistently profitable.

Now if you are in the same situation right now, i am going to let you into a little secret. You will never find the last piece of the puzzle, because the puzzle was created without all the pieces, so no matter how hard you try, you will never find that missing piece.

Traders that join my training and mentoring program often say that they need my help to find the last piece of the puzzle. When i show them how the market really works, and how to be consistently profitable, they are completely blown away, and they quickly realize that the puzzle that they have been trying so hard to complete, can never be completed.

And the reason it can never be completed is because its based around beliefs about the market that are inaccurate. So how can you complete a puzzle if the pieces are wrong to start with? When i teach my students the full story, they can then embark on their journey to becoming a consistently profitable Forex trader.

So what are your options? The education and understanding that i give traders totally transforms their trading, so the best advice i can give you is to enroll on my Forex training course, but if you do not have the money to invest in that, then i suggest you forget about trying to find the best Forex trading strategy, and concentrate on studying charts.

All the information you need to be successful in trading is in the chart. Study the lower time frame charts like the 5 min and the 1 min and see how price moves. Its not going to be easy, and it could take you 1000s of hours of study, but i can honestly say that time you spend studying the smaller time frame charts, will be far more benefit to you than back testing weak Forex trading strategies.

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 my blog and have a great trading day.

How To Control Fear And Greed In Forex Trading.

Rob Taylor

Fear and greed are a Forex traders worst enemy. Knowing how to control fear and greed in Forex trading will help you to become a better trader.

The key to making money in the Forex markets is to trade logically without emotion, and if you can remove fear and greed from your trading and trade logically, you will make more money from your trading activities.

What is fear and greed?

Fear and greed are pretty simple concepts to understand, and they are intertwined in the majority of Forex traders psyche. Everyone gets into Forex trading to make money, that is the sole objective of trading, but the fact is the majority of Forex traders lose money in the markets. Not being able to control fear and greed will cause traders to trade emotionally and make irrational trading decisions, which will ultimately lose them money in the markets.

How to control fear in Forex trading.

There are many types of fear in Forex trading, but the fear of losing money is probably the biggest one. Depending on your personality type, some traders will be more prone to fear than others. If you are a trader that has a big fear of losing money you can mitigate that fear in 3 ways.

how to control fear in Forex trading1. Reduce your lot size. If you are trading with a lot size that you are not comfortable with your fear is greater, and your chances of making an emotional irrational decision are greater if you are trading this way.

2. Set a stop loss on every trade. Knowing how much you are prepared to lose on every trade will help you overcome fear. No one wants to lose money in the markets, but if you know your potential loss in advance, and you are comfortable with that, you will not be trading emotionally and making irrational decisions.

3. Understand the market. This is the biggest fear of all in my opinion. And the hardest one to overcome. Lack of market knowledge is the major reason why traders fail, and is the difference between the 5 and the 95%. Many traders think they understand what they are doing, but the truth is they don’t. You have to fully understand what is going on in the Forex market to become a successful Forex trader, and this understanding will greatly reduce your fear.

Fear of the unknown is the hardest fear to overcome. If you think about other types of fear you may have experienced in the past, this will give you an idea of how important knowledge is, in overcoming fear.

Many people may have had a fear of exams at school, because they wanted to do well, but they did not fully understand the subject.

Some people may have had a fear of driving a car, because of a lack of understanding, but now they drive successfully every day.

When you started your first job you may have had a fear of going to work, because you were not familiar with the roles expected of you, but now you go to work every day without fear.

Can you see a pattern here? The pattern is knowledge. Knowledge lessens the fear of all these fearful situations, and Forex trading is exactly the same. Having the knowledge needed to enable you to trade with confidence, will take away the majority of your fear.

How to control greed in Forex trading.

As we have established greed can also play a big part in the success or failure of a Forex trader. There are various types of greed that will attribute to your failure as a trader, but the main one is trying to make money on every market move. Trying to make money from every move in the market will cause you to chase after market moves, and over trade, and if you are chasing the market and over trading you are trading emotionally, and you will lose money. Here are a few tips you can use to help you overcome greed.

how to control greed in Forex trading1. Make pips not money. Its not how much money you make, its how many pips you make that counts. If you are trading 50 lots per pip you can make £3000 per week from just 10 pips. So don’t get greedy and chase after the big money every week, just concentrate on making pips. When you are consistently making pips, week in week out, then you can increase your lot size to make the big money.

2. Be realistic with your expectations. You have to learn to accept that you cannot make money from every move in the market. You have to be satisfied with the pips you do make, and not get frustrated by the pips you miss out on. Getting frustrated by missing out on trades, will cause you to trade emotionally, and chase after those missed pips.

3. Learn to trade. Making money is a by product of trading successfully, but the majority of traders will try to make money first, and then learn to trade, after they have lost a lot of money. Which does not make a great deal of sense, but that’s what happens. The majority of traders that come to me for training and mentoring, have already lost a lot of money in the markets, before they decide to employ me to teach them how to trade.

Summary. Knowing how to control fear and greed in Forex trading will help you to become a better trader, but the biggest obstacle to overcoming fear and greed is a lack of knowledge. Knowledge will give you the understanding you need, to enable you to trade without fear and greed, and consistently make money from Forex trading. Not knowing how to trade correctly, and chasing after the big money, will cause you to trade emotionally, and ultimately lose you money. Trading is not easy, but understanding the market will help you to control your fear and greed, and make you a profitable trader.

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 my blog and have a great trading day.

How To Stop Losing Money In The Forex Market.

Rob Taylor

Why do Forex traders lose money? There are many reasons why Forex traders lose money, but in this article i will give you 10 top tips on how to stop losing money in the Forex market.

Knowledge is power.

The most important thing that you need to be a successful Forex trader is knowledge. Knowledge is everything in Forex trading. The more you know about the market the more successful you will become at trading.

There are many websites available online that will give you a certain degree of knowledge to enable you to trade Forex, but 95% of these websites are run by marketing companies, or failed traders, so the knowledge you get from these websites will enable you to trade, but they will not give you the understanding you need to enable you to make money from Forex trading every week.

Its a fact that 95% of Forex traders consistently lose money. And the main reason for this is they do not understand how the market really works, because they have never been educated by a professional Forex trader. I am a professional Forex trader and i can teach you how to trade Forex, and make consistent profits week in week out from trading, but my time is limited so i cannot teach you for free. For more information on my Forex training course please click on the link.

top 10 forex tips

If you do not have the funds available to pay me to teach you how to trade Forex, here are 10 top tips you can use to enable you to cut down on your losses.

1. Don’t trade with more money than you can afford to lose.

Putting pressure on yourself will cause you to make the wrong trading decisions, and trading with more money than you can afford to lose will add to that pressure.

2. Don’t over trade.

Over trading can lead to an emotional roller coaster. If you are taking too many trades you are trading emotionally. Trading should be as mechanical as possible. Emotional trading will lead to big losses.

3. Don’t be greedy.

If you have had a couple of nice trades and banked some pips enjoy them. Don’t think you are on a roll and chase after more pips. This often leads to more risk taking and you end up giving back the pips you made, and some.

4. Don’t revenge trade.

Getting back into a position straight after a losing trade is called revenge trading. When you trade this way you are trading purely on emotion, and you are chasing those lost pips. If you have a losing trade, just sit back and relax, and take some time out to re focus your mind.

5. Don’t over expose yourself to a losing position.

Chasing after a losing position is probably one of the worst things you can do in trading. Adding to a losing trade in the hope that the market will come back will cost you big time. Just admit that you got it wrong and close your trade, and move on.

6. Keep a record of all your trades.

Keeping a record of all your trades may give you some insight into your trading habits. Do you trade better in the morning, or in the evening? What is your average win loss ratio? How many trades are you taking per day? How long are you holding your trades for? Understanding your trading habits will enable you to become a better trader.

7. Trade with a lot size that you are comfortable with.

This is a mistake that a lot of traders can make that will dramatically effect their trading performance. If your lot size is too big, you are anxious when you trade, so you close trades too early, and you stop yourself out of trades too soon. If your lot size is too small the reverse happens. So you need to trade with a lot size that feels comfortable, but not too comfortable.

8. Devise a rules based trading method and have a reason for entering and exiting trades.

You have to have a method. You cannot blindly enter the market in the hope that you will get a winning trade. You have to trade based on a rules based method that has been tested over time and is proven to work.

9. Be patient and wait for the set ups.

When you have your rules based method in place, stick to it. Wait for qualified set ups before entering the market.

10. Don’t rely on indicators to give you trading signals.

The majority of Forex traders rely on indicators to give them trading signals. If trading was that easy everyone would be making fortunes from trading, but that’s not the reality is it. If you want to be successful in Forex trading you have to learn to read price action. Price is the most important thing in trading and it always will be. If you understand price action you will be a much more successful trader.

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 my blog and have a great trading day.

Can You Use Price Action Trading For Scalping The Forex Markets?

Rob Taylor

I am a great scalper, and price action trading can be a very successful way of scalping the Forex markets.

What is scalping the Forex markets?

For those of you that are not aware of what scalping is, its basically the process of entering and exiting trades very quickly for just a few pips profit. Scalping trades can last anything from a few seconds to a few minutes. Scalping can be a really effective way of making money from Forex trading very quickly, but it can also be a very high risk strategy if you do not know what you are doing.

Forex Scalping StrategyMany traders end up as scalpers, as they do not really understand the markets, so they try to jump in and out of trades quickly, and make a few pips on each trade. When you do not understand how to scalp effectively it becomes a very high risk Forex trading strategy, as scalpers tend to have much larger stop losses than other traders, some scalpers even trade without stop losses.

If a bad scalper enters the market at the wrong time, price can quickly move against them, and a series of half a dozen winning scalping trades, can be wiped out with one single losing trade.

How can price action trading be useful in scalping?

Price action trading is all about understanding price, and predicting with high probability what will happen next. To be a successful scalper you need to have a complete understanding of price action trading, this will enable you to enter and exit the markets with precision and take your pips effectively, rather than just jumping in and out, and hoping you make some pips. This type of reckless trading is very stressful and can be very costly, and should be avoided at all times. Trading should be relaxed and calm, and you should be entering the trade logically, and with a complete understanding of what price is likely to do.

Can you teach me how to be a successful scalper?

The short answer is yes. I teach advanced price action trading. What i can teach you is as close as you will get to a perfect trading strategy. That is a bold claim i know, but i am 100% confident in what i do, and my strategy if followed correctly will produce a 90% plus win rate, so if you want to be a scalper following my strategy will make you a great scalper, if that is what you want to do.

Teach Forex TradingWhen you have completed my Forex training course you can trade how you want to trade. So if you want to be a scalper, you can do that, if you want to be a swing trader, you can do that. Whatever trading style you have, or wish to have, you can apply it to what i teach.

I like to trade based on what the market is giving me. If there is an opportunity to make 50 pips i will take them, if the opportunity is there to only make 10 pips i will take them too. I trade logically, and i take what the market gives me, and to trade that way you need to have a complete understanding of advanced price action trading, which is what i teach.

So yes you can use price action trading for scalping the Forex markets, and in my opinion you do have to have that knowledge to be a successful scalper, but when you do have a complete understanding of price action Forex trading, why would you want to be a scalper and take 3 or 4 pips from a trade when you can take 50? 🙂

If you enjoyed this article please like it on Facebook share it on Twitter, or bookmark it using the buttons below. Thanks for visiting my blog and have a great trading day.

What Is The Best Time Frame To Trade When Forex Trading?

Rob Taylor

This is a question many new Forex traders ask, but the answer is not as simple as the question.

The best time frame to trade when Forex trading can be down to what each trader is comfortable with.

What Is The Best Time Frame To Trade When Forex TradingIf you know how to trade Forex correctly you can trade any time frame, from the 1 minute chart, up to the monthly chart. My preferred time frame is the 15 minute chart, but a lot of price action Forex traders like to trade the higher time frame charts, 4 hour and daily mainly, and 1 hour occasionally.

There are pros and cons to every time time frame. For example, your stops and your profit targets will be much bigger on the higher time frames, and the trades will take longer to set up. You can sometimes wait a few days for a set up on a 4 hour time frame, but the same set up on a 5 min chart will come around many times throughout the day. The smaller time frames are more profitable in my opinion, as you can take more trades, and your stops are much tighter.

How reliable are the set ups on the smaller time frame charts?

The price action strategies i teach work on any time frame chart, but a lot of Forex traders only trade the higher time frame charts, as they think that the set ups are less reliable on the smaller time frames. This is a myth, if you are trading advanced price action, the way i teach you to trade, you can trade on any time frame, and the set ups are just as reliable.

The only thing you have to be aware of when trading the smaller time frame charts, is high impact news. If you are trading 4 hour and daily charts, then a news announcement will be less of a problem to a trade on that time frame, but on a 1 minute, or a 5 minute trade, you will more than likely get stopped out by a news announcement.

So if you are trading the lower time frame charts, do not trade them when news is imminent. I have an economic calendar on the home page of the site, which shows the latest news announcements for each country, and their potential impact on Forex prices. If you bookmark the page you can come back throughout the day to check on what news is coming up.

Can your price action training course teach me how to trade the smaller time frame charts.

Yes if that is what you want to do. My Forex training course will teach you how to trade any currency pair, on any time frame, at any time of the day or night.

Any professional Forex trader worth his salt should be able to trade any time frame. If you are paying good money for Forex training then you should get what you pay for.

successful tradersAll my students agree that what i teach, is worth far more than what i am charging for it, but i have to be realistic with my pricing. I try to make my training course affordable to the majority of successful people, that wish to learn Forex trading.

I am not really interested in teaching my stuff to the world. I am just looking for a select group of traders that can all trade together, and help each other achieve their trading goals. Forex trading is not an easy job, but if you have a good support network around you, you will do very well indeed.

So if you are serious about learning to trade Forex, and you wish to be part of my group of successful traders, please give me a call or drop me an email. I currently have 2 spots available for my one to one training and mentoring program. When they are sold out i will not be taking on any new students until August or September 2013 at the earliest. My Forex training course is sold on a first come first served basis.

Can You Make Money Day Trading Forex?

Rob Taylor

Day Trading ForexCan you make money day trading Forex?

This is a question that has a very simple answer as far as i am concerned. And its a big fat YES.

There are many well respected Forex traders that say the Forex markets are too volatile, and its impossible to make money consistently from day trading Forex, and you should trade the higher time frames, daily, weekly, and monthly charts, if you want to be successful.

What a load of rubbish. If you are a good trader you can trade any time frame from the 1 minute chart right up to up to the monthly.

People that say you cannot make money day trading Forex, don’t know how to trade, its as simple as that.

My preferred time frame is the 15 minute chart, but i can trade the 5 minute and the 1 minute chart very successfully. I can also trade h1, h4, and daily. I can basically trade anything, and anyone that tells you its not possible to trade the smaller time frames is just a poor trader.

Day trading Forex is what i do. I am a professional Forex day trader and i make 1000s of pips every month day trading the 15 minute time frame. Why do i trade the 15 minute time frame? because that is the most profitable time frame to trade.

Trading daily and weekly time frames? You must be crazy.

When you are trading daily and weekly time frames you have to wait so long for a set up, and your stop loss is so big, its just not worth the hassle to be honest. I take 2 to 3 high probability trades every day. I make my money, and i get on with my life. I am not going to wait for 2 weeks for a set up on the larger time frame chart, and have a 100 pip stop. Whats the point? If you are a great Forex trader, you should be able to trade any time frame.

Yes, but trading the smaller time frames is too stressful? Rubbish.

Take The Stress Out Of Day Trading ForexSome traders say trading the smaller time frames is too stressful. Yes it is if you do not know what you are doing, and you get into a trade and it goes 30 pips in the red. Yes i agree, that is very stressful, that is why my entries are very cleverly worked out in advance, and i enter the market with precision, so my trades go into profit very quickly, which takes the stress out of trading. A lot of my trades are over in less than 30 minutes. I get in, i take my pips, and i get out. That’s not stressful, that’s just great trading.

So yes you can make money day trading Forex, and anyone that tells you otherwise, just doesn’t know how to trade. For more information on how you can learn to day trade Forex, please consider my Forex trading course.

Stop Press. One of my students made 87 pips today off 2 trades, after just 5 weeks of training with me. Stop wasting your time with the 95%, and get into the 5%. Supercharge your trading, and change your life. 🙂