Forex trading in the trading and investing world has become what Texas Holdem is to the poker world. It has exploded, with over $3.5 trillion being traded every day. Forex is a zero sum market. That means there are winners, and an equal number of losers. Generally, retail Forex traders like you and I are on the losing side. But educated investors CAN and ARE on the winning side.

The truth is, 95% of retail traders lose money in the Forex market. They get frustrated, try system after system, and still lose money. The market is full of gimmicks and “unbeatable” robots that will trade for you making you thousands overnight while you sleep. To be successful in Forex Trading, we have to become independent traders. We can’t depend on some forex robot to trade our money for us in the hopes that we make thousands of dollars. We can’t depend on other people to trade our money for us, like managed broker accounts. They get paid on the number of trades they make, not whether we are profitable or not. Bottom line is that nobody cares about our forex trading success and our financial well being as much as we do ourselves. Become an educated investor and trader, and you will be more successful.

THE TRUTH ABOUT FOREX

People are flocking to Forex trading with the dream of the old California gold rush. Billions of dollars can be made, all you need to do is get your hands on some of it, right? But if it is so easy, and you can plug in a robot, or give somebody your money to trade for you, how come you are the only one to keep losing your money? You’re not. Forex trading has become an industry for predators in search of prey. They sell you on gimmicks and get rich quick schemes. It all sounds great, especially for the low price of $97 – $247 on average. And you don’t even have to work at it, or educate yourself, or spend any time at all on trading forex! Woooo hoooo!

One of the latest crazes to hit the Forex Market lately are these so called Forex Robots, or Automated Trading Systems. In a nutshell, you buy this program, install it, turn it on, and it makes you money without you having to know anything about forex trading at all. You can “double your account in 30 days” even while you sleep. No education. No work. You don’t even need to know what Forex IS, much less how to trade it. Just buy this or that robot that will trade for you and make you thousands of dollars every month. A dream come true.

Well, robots don’t work. If they did, those top banks and financial institutions certainly would be using them and not have fallen to financial woes.  Beyond that, just so we can say this with authority, we have tested one of the biggest money making robots on the market today, FAP Turbo. It makes a LOT of money… for the guys selling it, not for the people buying it. Sure, some people make money with it. A blind horse is bound to find water ONCE in a WHILE, right?

However, if you want to do a little work, and educate yourself a little bit, and learn the proper way to trade Forex, then there is a new course on the market just for you. Forex Nitty Gritty is just that course.

30+ Year Trading Expert and Mentor Bill Poulos Creates Forex Nitty Gritty

Bill Poulos is a veteran trader with over 30 years of practical experience. He has helped and mentored thousands of investors make even more money in the market by teaching solid methods based on sound fundamental trading principles and methods.

All of his courses cost several hundred to several thousands of dollars, and WELL WORTH every penny. I myself have used his Forex Profit Accelerator course and obtained returns of 58% per month on average for the past 7 months. Yes, I can show you the actual broker trade data and prove it.

But he wants to help the beginning traders now. And he is mentoring Forex Nitty Gritty for only $97 at the time of this writing. In a personal phone discussion with him, he did tell me that one of the reasons was so that he can help teach people that are new to forex, or that haven’t succeeded in forex, because he wanted to later sell them the more expensive advanced courses. (Hows that for honesty?). But I’ll be honest here, his main goal is to keep people from making the basic mistakes that wipe out their trading account. Bill Poulos is passionate about helping people to learn and understand the Forex market, and to be able to trade it successfully. Yes, he likes the money his students give him. But he really doesn’t need it. He has made a great deal of money trading, and mentoring people, and really has no need for more. He could retire this minute, very well off and never look back. But he WANTS to help people learn to trade successfully. So why does he charge so much for his courses? Because it gives the people learning them value and desire to learn. If he mentored people for free, those people just wouldn’t care to learn as much. It’s a fact. Scientifically proven. Not to mention that his time IS valuable, and he deserves a little something for giving 30+ years of knowledge to his students.

But Forex Nitty Gritty is different. It is an entry level course for new forex traders, or people that have been in the forex market and not been successful. People that have gotten ripped off by the gimmicks and robots and the unscrupulous “trainers” that really have no business taking peoples money. Bill knows exactly what causes failure in the markets, and he is teaching people that, and much more.

HOW TO SUCCEED IN FOREX TRADING WITH FOREX NITTY GRITTY AND BILL POULOS

There are many things you must do, and many more you must avoid, in order to succeed in Forex trading. Bill Poulos teaches you them in Forex Nitty Gritty.

One of them is that you must focus on high probability, low-risk trades. Nothing more. This means you only take the trades that have the highest probability of being profitable, and the lowest risk of losing your trading account value. Generally this will cause you to have fewer trades, but they will be quality trades and generally more profitable. You will stop trading the less desirable trades that have a higher degree of moving against you. And that means you will win trades with higher profits than the losses you sustain. And yes, you will have losses. But the wins more than make up for that, making you profitable.

With Forex Nitty Gritty, you will only have to spend about 20 minutes a day trading. You will identify any new trades, and manage current trades. You will set entry prices, stop losses, and take profit orders. You will practise good money management rules that will increase your potential profit and lower your overall risk. And yes, it will only take you about 20 minutes a night.

Forex Nitty Gritty also includes optional daily videos that show various trade setups, to help you learn the market the right way. And videos teaching you the basics of forex, and forex trading. The Forex Nitty Gritty Insiders website has a lot of core information and training to help the new traders, or those of us that want to learn how to be more profitable.

Like I said, we tested FAP Turbo, and several other robots as well. And what we found out through our testing is that it doesn’t work. Go ahead and review our testing of Fap Turbo, but don’t buy it or any other robot unless you want to risk losing your account balance. Forex Nitty Gritty is not some lame automated trading system. It is a solid course with a great trading method that will help you learn Forex trading and be potentially profitable.

FOREX NITTY GRITTY SUMMARY

If you are new to trading in the Forex Market, or you’ve had problems being profitable, or you’ve ever had your account wiped out by those “Holy Grail” forex robots and automated trading systems, then Forex Nitty Gritty is for YOU. Learn Forex Nitty Gritty and you too can potentially generate consistent profits while learning how to be among the 5% of retail forex traders that are successful.

Happy Trading!

Author: Mark K.
Article Source: EzineArticles.com
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Here’s what’s up…

In the past week, over 30,000 traders got exclusive access to 35+ trader Bill Poulos’s complimentary 3-part “Flexible Forex” 2.0 training videos.

-these videos revealed his recent Forex discovery that shows you how to manage risk first when placing a trade, & THEN look for a profit as quickly as possible (and as many times a day as possible) all according to YOUR schedule.

So if you have ANY interest in discovering how to finally become an INDEPENDENT MASTER trader in the Forex markets, where you always know what to do, no matter what happens… keep reading & GET READY…

==> http://www.flexiblefx.com/y/?i=1057655&u=2&l=f92

A TURNING POINT IN FOREX TRADING?

Bill was planning on re-releasing his step-by-step course in January to kick off the new year, but due to extreme interest from the Forex trading community, he put all his other projects on hold in order to release it this week.

Based on the early feedback he’s been receiving from those lucky enough to see a preview copy, it looks like this may be a turning point in Forex trading.

Why?

Because Bill does everything in his power to give you the “keys to the kingdom” where you understand EXACTLY what to do when you go to place a trade. There’s never any second guessing or wondering.

CAUTION: This is NOT for “systems junkies”, or individuals who like to let others make their trading decisions.

But it IS for traders who like to have FULL CONTROL of their destiny in the markets.

IT’S ALL ABOUT YOU

Bill designed this new method with YOU & YOUR schedule in mind. It’s all about giving you the flexibility you need in your busy day to trade in as little as 20 minutes or even all day long if that’s what you have time for.

-but he’s only planning on releasing 955 courses in the next week that show you how to find trade setups quickly, protect your position with a sort of “risk shield”, & then look for profit as fast as possible so you can move on to the next trade.

So if you want to…

…then check out the open letter Bill wrote for you that describes all the details:

==> http://www.flexiblefx.com/y/?i=1057655&u=2&l=f92

I hope you’re as excited as I am about this.

I’ve seen this developer’s trading courses disappear in a matter of days in the past, & it’s a near certainty it will happen again… so IF YOU VALUE YOUR TIME, I really urge you to check out his letter here, & then ask yourself how what he has to say stacks up against how YOU currently trade:

==> http://www.flexiblefx.com/y/?i=1057655&u=2&l=f92

On top of everything else, when you join Bill this week as his student, he’s going to give you 8 weeks of COMPLIMENTARY semi-private COACHING to make sure you “get it”. I’ve never seen anyone do that before, and I’m not sure if we’ll ever see it again, so be sure to check it out NOW.

Rob Trader – Forex Expert
http://tradingtoollist.co.cc/

Article Source:http://www.articlesbase.com/day-trading-articles/flipflop-your-forex-method-to-get-an-edge-1556210.html

…PLUS, a brand new “live”, step-by-step Forex trade made during breakfast (I know, sounds weird, right?), all captured on video…

>>> #1 <<<

35+ year trader Bill Poulos is giving away the first copy of his complete Forex Income Engine 2.0 home study course PLUS he’s also including 8 weeks of semi-private coaching — but this contest ends on MONDAY.

To be considered for the big giveaway, it’s easy – all you need to do is spend 15 seconds to post a comment on his news site here:

http://www.customforextrading.com/y/?i=1057655&u=2&l=f86

(BTW, in the past, Bill has actually given away more than just 1 copy of his course… I don’t know that he’ll do that this time, but I’m betting he will, so your odds of getting one are probably better than you think.)

>>> #2 <<<

When Bill releases his Forex Income Engine 2.0 course next TUESDAY, December 8th, he just announced this bombshell –

* He’s going to be giving away 8 weeks of complimentary semi-private COACHING to all his new students who join him.

Frankly, I’ve never seen anyone do that before… and it wouldn’t surprise me if you don’t ever see it happen again.

8 weeks of step-by-step “hand holding” with a team of pros can be downright EXPENSIVE if you can even find it… and Bill’s just giving it away to show you how serious he is about helping you succeed.

For more details, see his new video here:

http://www.customforextrading.com/y/?i=1057655&u=2&l=f87

>>> #3 <<<

Finally… for those of you wondering if Bill’s “Flexible Forex” training videos work against the unknowable “hard right edge”, I think this video will answer that question:

http://www.customforextrading.com/y/?i=1057655&u=2&l=f88

In it, you’ll see Bill make a live trade during breakfast, before his day even begins, in less than 20 minutes. You will definitely want to take notes on his approach. ESPECIALLY how he “gracefully exits” the trade.

It’s a keeper.

Don’t forget… this is IMPORTANT… even if you have no intention of joining Bill next week as one of his charter students, MAKE SURE you watch all his complimentary training videos. They teach more “what works now” Forex tactics than many courses you’d have to PAY for. See them all here before he takes the training videos offline next week

Rob Trader – Forex Expert
http://tradingtoollist.co.cc/

Article Source:http://www.articlesbase.com/day-trading-articles/forex-coaching-giveaway-live-breakfast-trade-1541958.html

I was lucky enough to receive a review copy of the Forex Income Engine 2.0 course prior to it’s official launch so let me give you my full review of this product:

Forex Income Engine 2.0 Course Contents

The course itself is a physical product that is delivered directly to your door. It consists of 7 CD-ROMs, full colour reference manuals in a 3-ring binder, trading blueprints that summarise each of the 3 trading methods and a quick start guide to get you up and running.

The 7 CD-ROMs are as follows:

- Bonus Module – Forex And Trading Basics (51 minutes)

- Module 1 – Background And Overview (39 minutes)

- Module 2 – Ignition Method (98 minutes)

- Module 3 – Overdrive Method (62 minutes)

- Module 4 – Spring Method (67 minutes)

- Module 5 – Forex Brokers, Charting Software And Trading Platforms (85 minutes)

- Module 6 – Bringing It All Together (46 minutes)

Trading Method 1 – Ignition Method

The Ignition Method is a simple trading method that targets short-term continuation trends. Trades typically last between 2 and 6 bars and the profit objective can be anywhere between 10 and 50 pips, depending on the time frame you are trading and the set-up conditions of the trade.

This method, just like the two methods below, employs a two-part exit strategy which helps you to maximise your profits, whilst using a strict stop loss policy to minimize your losses.

Trading Method 2 – Overdrive Method

The Overdrive Method is my favourite method because it’s gets you into a trade near the beginning of some of the strongest trends that occur throughout the day. Profit objectives are in the region of 25-100 pips (depending on which time frame you use) and I have to say that most of the time these objectives are fulfilled.

I’ve been testing this method out on various time frames from 5 minutes up to 30 minutes and my overall success rate is extremely high, particularly on the 15 minute and 30 minute charts where the trends are a lot stronger.

Trading Method 3 – Spring Method

The final method included in the Forex Income Engine 2.0 course is the Spring Method. This method looks for trend reversals and typical profit targets are again between 25 and 100 pips.

The problem with this method is that you don’t tend to get as many set-ups as the previous two methods. However from the limited amount of back-testing I’ve done on this method, it does nevertheless appear to generate some decent profits when set-ups do occur.

I don’t personally think I will be using this method as much as the previous two methods, but it’s certainly a set-up that you need to keep your eye on because as Bill points out in his course, when a Spring Method trend reversal is in progress, you obviously don’t want to be trading either of the other trend-following methods because they will usually fail.

As I’ve already said, these specific reversal patterns do not occur that often so most of the time you can concentrate on trading the Ignition Method and the Overdrive Method, which is what I’ve been doing.

Additional Modules

One thing I like about the Forex Income Engine 2.0 course is that as well as the 3 profitable trading methods, there are also modules covering risk management and discipline, which are two crucial elements of successful forex trading. Plus if you are a relatively inexperienced trader, there is also a bonus module that will teach you everything you need to know about forex trading. So this course really does cater for all traders, regardless of their experience.

Learning The Methods

The methods themselves are relatively straight forward. They all use the same 4 technical indicators and these indicators are commonly found in any charting platform.

Each method is explained in great detail and is demonstrated numerous times using lots of different examples of live trades. However I personally had to watch each video about four or five times before I became fully familiar with the intricacies of each method. It’s the little things like learning where to place your stops, and where to move your stops as trades move in your favour that take the most time to learn.

If you do buy the course, however, you do have an advantage because you are given trading blueprints of each individual method which you can keep next to your computer for easy reference. (I didn’t have this luxury when I received a review copy of this course which is probably why it took longer to learn each method).

How Profitable Are The Forex Income Engine Methods?

I’ve now had time to test out all of the methods and overall the success rate seems to be very high for each of the methods, and best of all they do genuinely seem to be profitable on all the intraday time frames (although I find the 15 minute time frame to be the most profitable).

It’s obvious to me that each of these methods has been tested over and over again because the stop losses and exit points have clearly been designed to extract maximum profits from each and every trade.

In my experience the Overdrive Method is the one with the highest success rate and is easily my favourite method of the three. I’ve been trading this method on the 15 minute charts of the GBP/USD, EUR/USD and USD/JPY pairs and I’ve been experiencing a winning ratio of over 90% in the last week or so. After a while you get to know which set-ups are most likely to be profitable so it almost becomes second nature.

The Ignition Method isn’t quite as reliable, particularly on the shorter time frames, but nevertheless it can still boast a success rate of around 60% in my experience, and even higher if you use the 15 minute chart or above. Therefore it’s still very profitable because you have to remember that the profitable trades will more than compensate for any losses that you may incur because of the two part exit strategy that is employed. Therefore this method still has the potential to increase your account in the long run and I will certainly be continuing to use it on the 15 minute charts.

The Spring Method also appears to be profitable but I haven’t tested it out that much to be honest. You wouldn’t want to be trading this method in isolation because there are very few set-ups that meet the criteria, but to be fair the price does seem to reverse nicely, and therefore generate some decent returns, on the rare occasions when these conditions are met.

Final Comments On The Forex Income Engine 2.0 Course

I’ve always been slightly critical about day trading because I’ve never found any trading methods that have been able to generate consistent returns on these shorter time frames. However I have to say that Forex Income Engine 2.0 is easily the best day trading course I’ve ever come across because the methods themselves, particularly the Overdrive and Ignition Methods, are actually profitable.

What I like about these systems is there is a clear logic behind them. Any losses you incur are kept small whilst the winning trades employ a two part exit strategy, just like I do with my 4 hour trading strategy, in that half the position is closed for a small profit, and the second half of the position is left to run until it’s conclusion, and essentially becomes a free position because you will have moved the stop loss up to break-even by this point.

Another reason why I’m a big fan of this course is that the methods themselves can be used throughout the day if you so wish because they trade a variety of different trading conditions. For example you can use the Overdrive Method to get you into a trade at the start of any strong trends, then you can use the Ignition Method to trade any continuation trends that may occur after a brief pull-back. Finally if the right conditions are met you can then use the Spring Method to trade any trend reversals.

So overall I can highly recommend the Forex Income Engine 2.0 course. It’s not cheap by any means but I think that in this case the price really does reflect the quality of the product. You are paying for 3 profitable day trading methods that you can use for the rest of your life, so in the long run it could easily turn out to be a fantastic investment.

If you’re not entirely satisfied with the product you can always return it within 90 days and receive a full refund, but if you take the time to go through all of the materials and learn each of the methods, I really don’t think you will want to return the product.

Anyway I think I’m ready to wrap up this review now. I didn’t intend it to be this long but I really am very enthusiastic about this course and wanted to get across all of the main points.

If you do have any questions about the course you are given unlimited email support for a year after purchasing the course and if you buy the course from the link below, I will be happy to assist you myself as well via email because I’m now using these methods myself on a daily basis.

Rob Trader – Forex Expert
http://tradingtoollist.co.cc/

Article Source:http://www.articlesbase.com/day-trading-articles/forex-income-engine-20-review-1519127.html