Simplifying Complicated Charts

On the Trader's Blog you've heard us talk plenty about how to simplify your trading. As a matter of fact, you've heard Adam preach about keeping it simple over the years. Today we've asked Bill Poulos from Profit's Run to share with us how he keeps his trading method simple by using a simple indicator that we could all benefit from. To find out more about Bill Poulos visit his website here.

One of the problems that many traders run into is trying to find the perfect combination of indicators that will lead them to the perfect trading method.  Not only is this a problem for new traders but we find that many experienced traders continue to over complicate their charts with too many indicators.  They often think that the more indicators they can get on the chart the more successful they will be.     This is usually not the case and only leads to more confusion on the part of our entries. The concept of keeping things simple works especially well when applying it to our trading strategies.  The key for many trading methods is to simply know the trend of the pair and then know when to buy or sell that pair.

Continue reading "Simplifying Complicated Charts"

How To Enter & Exit Forex Trades in 60 Seconds or Less

Protecting profits while limiting risk is key, but how safe too safe? The goal is to turn a profit without giving it all away in pullbacks and commission fees. Today Bill Poulos, of the renowned mentoring service Profits Run, will show us how he quickly enters trades with limited risk, and yet still profits from big moves. Be sure to comment with your thoughts and check out Bill's new service,  Forex Profit Multiplier.
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When it comes to Forex, most traders focus on where and when to enter the trade, and pay little attention on when to get out.

This is a big mistake. Continue reading "How To Enter & Exit Forex Trades in 60 Seconds or Less"

How Coaching Solves Real Traders' Problems

Earlier this week we got a great response from our members to Bill Poulos' Guest Blog post on his "Free Trade Strategy". So well, that he got a number of emails asking some pretty heavy questions regarding coaching after they attended his webinar. He emailed me and asked if he could answer some questions and teach a bit more and here he is. As always, comment below and check out the replay of his webinar right here.

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Hi everybody, this is Bill Poulos and I want to thank you for reading last week’s entry on my Free Trade Strategy and it’s importance in eliminating risk in any trade, especially in the forex markets.

Today, I’m going to talk about three things: two problems most traders face in trading (and access to simple fixes for these problems) and the new era of coaching in the trading education market. Continue reading "How Coaching Solves Real Traders' Problems"

Why losing traders look for methods that win 80% or more of the time

I'll get right to it...this post from Bill Poulos from Profits Run is excellent! We've all been in this situation, where we look for a great methodology for our trading style, look at published winning percentages, and then cry when it completely blows up your account...yes we've ALL been there! In Bill's new article he helps you figure out the solutions. Bill's expertise really comes through in this article and he's just released his “Risk Eraser” technique video so check it out today!

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While doing research on the current state of the Forex trading landscape, I discovered something surprising.

Losing Forex traders appear to be enamored with 'winning percentages' when selecting a forex trading method.

The irony in that statement should be obvious -- if the 'winning percentage' of the forex method is so important, how can these traders still be net losers?

Because, I believe, winning percentage is the wrong concept to focus on. In fact, I find winning forex traders look for methods that have winning percentages closer to 50-60%. And, they also have one more 'secret' that losing traders DON'T have.

Continue reading "Why losing traders look for methods that win 80% or more of the time"

Why Trading Forex Now Beats The Stock Market

Today's post is from an old friend, frequent blogger (see previous posts), and trading expert Bill Poulos from Profits Run. With Bill focusing a ton of his time on Forex, and with the Forex market getting so much attention, I wanted to ask Bill to come and give us some of his latest insights into what he's found. The article below is a great one, and if you have time I'd highly recommend checking out his new "Risk Eraser" technique video!

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You've likely heard the term Forex lately -- it continues to be the hottest trading trend today. That's a trend I believe will continue but today, I wanted to take a few moments to point out why as well as how you can best take advantage of trading foreign currencies without being taken advantage of.

Just a couple of years ago, the foreign exchange markets were dominated by the big brokers and major banks around the world. Today, the 'little guys' have gotten in on the action -- and the growth in currency trading has increased from $1.9 trillion to nearly $3 trillion in that short space of time (that's the average daily turnover in the markets - a 50% growth in turnover).

But why should you trade Forex?

Continue reading "Why Trading Forex Now Beats The Stock Market"