Our course is still running strong, helping hundreds of traders from every continent with learning more about how the markets truly work.
This last week we received two fantastic reviews from new course members that we just had to post on our blog:
WOW!!! I can do this!!! Some nights I had trouble going to sleep-as my mind turned on the application of the lessons-& how it clears up price-movements completely. (Today I looked at my FX Demo account & I spotted the strategies on the charts!) THANK YOU SO MUCH! This course is what I truly searched for: Universal (Use in any market), any time frame, consistent, proven, practical, 'self-adjusting'-to market changes. Well done.
-Joe Davies, Course Member
This course was exactly what I was looking for. Ive taken several other courses and some even on price action but feel this course was presented in a completely different light and gave me a new point of view on my trading career. Cant thank you guys enough for taking the time to put this course together and offering it at a modest price. Thanks again.
-James Hennsen, Course Member
We certainly appreciate the feedback from our course members and are glad we were able to help them progress with their trading!
When you think of a trader, you probably think of someone who sits in front of 10 computer screens all day constantly pressing buttons, stressed to the max. While the money behind this sounds exciting, the job itself sounds boring and stressful.
Day trading is great if you have several hours to set aside every day to scan the market, find, and place trades. I myself got started in trading as a day trader, and roughly 35-40% of the traders I work with today are day traders.
But the other 60-65% of traders I work with don't have several hours per day to spend trading, they either work full time or just don't want to spend that much time in front of the screen. That's where swing trading comes into play and works quite well with my strategies as well. I myself started as a day trader but migrated into incorporating more swing trading to free up time and get some time away from the computer. In fact, many professional day traders that I know also incorporate swing trading into their strategy to try and free up a little time as well.
Swing trading can be longer term, but it doesn't have to be. With swing trading you can hold a position just for a day or two, but the main thing is you have the ability to "set it and forget it". You can place your orders then go to work, go golf, or go spend time with your family. Yes, you still have to spend time researching, entering trades, and if you're new spend time practicing and learning, but swing trading definitely frees up much more time than day trading, and is a great alternative for those with limited time.
Perhaps the best news I have is that when I put together our price action trading course, I intended it to be viewed by both day traders and swing traders, so the examples and concepts are catered to both groups of traders. This means that once you perfect day trading or swing trading, it will be fairly easy for you to move back and forth...[Click Here To Continue Reading...]
I'm a huge fan of the internet -- it provides millions of resources right at our fingertips that would normally take years to find through offline research. But with the internet comes to ability for anyone to make a website -- and I mean anyone -- and the truth is there's hundreds of thousands of websites that offer opinions on trading. The unfortunately reality is that many of these websites are run by marketing geniuses who can get you to whip out your wallet faster than I can blink, but they very, very rarely deliver any sort of quality information after you've paid.
Many people have referred to trading educational and informational websites as people selling snake oil, slimy salesmen, or charlatans. I unfortunately have to agree that a good amount of websites out there are just trying to make a quick buck, and those are the sites that come and go with the blink of an eye. While this isn't a foolproof way, there are some things you can look for when getting information and purchasing educational materials online:
- Does the website have just a sales page or does it add value through other resources?
- Does the website have a regularly updated blog area where they post free information or are they just trying to sell something?
- Does the website look like a gimic -- BUY TODAY! and dozens of flashing banners, warnings when you exit the site, and so on?
- Does the site's main goal seem to be to help provide you information or make a quick buck?
- Does the site promise unrealistc things -- 500% returns, guaranteed results, etc?
These are all common traits of websites selling some sort of get rich scheme that probably doesn't work. Trust me, when I was a new trader I wasted hundreds of dollars on those types of systems and I got absolutely no where -- if anything those types of systems hurt my trading more because I was convinced that was THE strategy to be using, and...[Click Here To Continue Reading...]
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