The term “Forex Market” means the Foreign Exchange Market and it is the worlds’ largest market place. To give you an idea of the sheer size of the Forex Market – it trades in the region of $3 trillion dollars each and every day, and for this reason the forex market attracts Millionaire and Billionaire traders. Any trader can potentially make millions of dollars trading in this market.
Knowledge to Action continues to amaze me with the resources they provide to their Forex students. Not only do we get the Forex Trader Alert emails but we also now get FX Charts emailed to us daily!
Someone contacted me via Twitter to ask their thoughts on Knowledge to Action as a business to help educate them for Forex trading. My reply is below.
If you have a look around at the world currently its not a happy place – in fact you could almost compare our current situation (in the context of a civilization) with the fall of ancient Rome. Greed, government corruption/stupidity…
Greg Secker of Knowledge to Action appeared on Australia’s Sky Business TV show last week giving some very handy tips about trading in the Forex market. Most of what Greg talks about I learned on the Knowledge to Action Ultimate Forex course in Sydney but the new Forex strategies Greg and his team are creating [...]
Over the period of trading madness where I did everything wrong I learned quite a bit and created these “rules” for myself. I use these rules as well as the rules that Knowledge to Action provides.
If I had stuck to the rules like Knowledge to Action teaches you I would have been stopped out on Monday with about 20 pips of loss and could have entered the trade again today.
Of course each rule was stated in the Knowledge to Action course but like most males who think they know better than the experts I ignored these rules and decided to take a punt. Always – always I lose money when I do this!!
Fantastic tips from the Knowledge to Action’s professional London traders. As a newbie to the world of Forex trading there is a lot to remember but one rule I always remind myself every day is always add in a stop loss to each trade. Never let a trade run without a stop loss in place!
There is nothing worst for me than entering into a trade only to see it head the other way I expected. But I have found something worst! Its sitting in that trade with the blind expectation that it might turn around and only to see the trade run even more faster the other way!
Late last night I placed an Income Generator trade on NZD/USD short and by lunch time today I had made around $50.00 USD profit in my Micro trading account.
What I do know is that the Knowledge to Action strategies work – however! You need to practice, practice and practice more until you get a “feel” for the currency pairs you are trading. I also try and stick to the rules Knowledge to Action teach you as they help control the amount of loss per trade.
In order to answer this question I have spent in total 9 hours last week reading as many forum posts and blog articles as I can find. Here is what I have found…