Knowledge to Action Master Trader Forex Course – Day 2 – Update
Just a quick update…
Its lunch on day 3 of the Knowledge to Action Master Trader course and in the morning Rik mentioned that currently there is over 2000 pips of profit on the table if the Income Generator was applied to a few Euro crosses.
Bummer 
For some reason I failed to keep an eye on the Income Generator charts for the last few weeks and missed out. This is a good lesson to always review your trading plan at least a few times a week. I am now going to create a checklist and have it on the wall next to the computer.
Income Generator
If you are interested in Forex trading I highly recommend you attend the Knowledge to Action free 2 hour seminar that is held in New Zealand and Australia throughout the year. Click here for more the next event dates=> Knowledge to Action Free Forex Seminars.
Interesting, I’d been avoiding anything with EUR in it due to the continual bad eurozone news. Does Rik think we don’t need to worry about it when using the income generator?
Hello Kevin, I think you should be aware of the news and what is going on with the news. I can't speak for Rik as I am only a beginner but what I do first before placing any trades such as the Income Generator or "IG" as some in the class call it – is to look at the news on Reuters and ForexFactory including the weekly calendar. If there is anything major that could affect the currency pairs I deal with then I add this to my research process when looking at a trade.
One thing the Master Trader course taught me – and its the most important I feel – is that you need to take full advantage of your mentoring because the K2A traders have been trained to look at you as a person and help you trade better. For this reason I "filter" advice and opinion I read on net about Forex.
Is news important? I think so. Will it stop me placing a trade such as an IG – maybe. If the setup is there and you stick to the rules then reviewing the news is just one part of placing a trade.
Hope this helps.