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.
Greg Secker interviews Fatima Ghellab and Manuela Robson, two friends that signed up for the Traders University course in July 2007 with no previous trading experience.
Your Trading Edge interviewed Greg Secker about trading and his “formula for success”. The questions asked were: How did you first become interested in the markets? Did you make any mistakes when you first started out? What kind of trader are you? Is there any one trade (win or loss) that sticks in your mind [...]
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 [...]
As my readers know I am a graduate of the Knowledge to Action Ultimate Forex course. I went into the course not knowing anything about Forex trading and came out well educated with a solid foundation in the fundamentals of Forex trading and 3 core strategies I can use in the market.
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.
My goal is to earn $10,000 USD per month in Forex in less than 5 years. When I tell the more seasoned Forex traders by goal they don’t even blink at this number and some consider it “conservative”! But for me this is what I can currently get my head around. I know it can be reached with the right mindset and strategies.
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!!
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…
I am right in the middle of my first paper trade using the Knowledge to Action Income Generator strategy that I was taught in the “Ultimate Forex” 2-day course.
Rik – thats my coach – and I ran through some trades applying the risk/reward ratio for using Greg Secker’s Income Generator strategy.
Greg Secker of Knowledge to Action using Forex trading to make £19,000 in under 4 minutes
The 3 strategies are a very good fit for newbies like me to use but they are also very good for existing Forex traders. The strategies are designed to reduce your risk trading in the Forex markets but to also reduce the effort involved trading Forex. This is great for people starting out who still have a day job or limited time to devote to Forex.