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How to be a Forex Trading Expert

The Forex Market is one of the most lucrative ways to make money imaginable. If you can learn how to become profitable at online forex trading, you will be able to make as much money as you desire!

What Separates the Winners From the Losers?

The Painful Truth: Most people lose money at online forex trading. These are the people who don’t know what they are doing.  Just because some people don’t know how to profit from forex trading doesn’t mean it can’t be done!

You Need to Be a Forex Trading Expert!

You are essentially competing with other forex traders when you’re trading the forex. The people who know what they are doing will take all of the money from those that don’t. You may have heard the statement that “the top 2% of all Americans possess 98% of the wealth in the US.” I believe the same ratio is true with forex trading.

The top 2% of Forex Traders Make 98% of the Profits!

This is no reason to get upset, it’s a tremendous opportunity for you if you can be in the top 2% of forex traders.  The good news is that there are MILLIONS of IDIOTS trading forex online. Forex trading has never been more popular & now is a great time to get into it!

How do you Become a Top 2% Forex Trading Expert in 30 minutes a Day?

Here’s the Secret to mastering online forex trading from Two Super-Geniuses and a Hungarian College Physics Professor:

Albert Einstein is one of the most intellectual geniuses EVER! He stated that if someone would study anything for 10 minutes a day, they’d be an expert in a year.

Michaelangelo is one of the most creative geniuses EVER! He has famously said that if you saw how many hours he experimented & put into his art, you wouldn’t think he was a genius at all.

My Hungarian Physics Professor in college was amazingly brilliant! He came to the United States from Hungary without knowing English. He decided to study only 10 words PER WEEK. Since most people only use a few hundred words for normal conversation, he became completely fluent in 3 months!

By emulating these geniuses, we can follow a three step formula for attaining mastery at online forex trading. Remember, you don’t just want to be “average” or “good”,  you want to be in the top 2% so you can make 98% of the money and become filthy rich from forex trading!

Become a Forex Trading Expert in Three Easy Steps

1. Apply Einstein’s Formula to Forex Trading – to be an expert in one year you need to study something 10 minutes EVERY day. To be in the top 2%, you need to do a little extra. I recommend 30 minutes a day. The key is consistency, so don’t commit to more than you can stick to.
2. Follow in Michaelangelo’s Footsteps – you’re not going to attain mastery in 5 minutes. Be prepared to spend some time to truly understand online forex trading. The rewards are tremendous, but there aren’t any free rides. You’ll need to earn it.
3. Learn from my Hungarian Physics Professor – this guy was a brilliant physicist with plenty of published articles. When he came to the US  he was already a phd in Physics in Hungary. He didn’t try to memorize 100+ words per week. He wanted to truly & deeply learn the 10 words. Once you get the basics of forex trading down (there aren’t that many), you’ll be able to do a lot with them.

The three step forex trading expert formula given above is really only one step:

Study Forex Trading consistently for 30 minutes a day and you’ll be a top level forex trading expert in a few months. This won’t happen at one moment in time, but you’ll transform into an expert top 2% forex trader over time (it’ll come quickly if you stay on course).

Here’s how to Put the Forex Trading Expert Formula to work to get bankable results:

Step 1: Look at live forex charts for 20 minutes a day, every day. This is a minimum. You don’t have to do much more (although you can look for longer), but you need to do this EVERY DAY (even when the forex is closed). To do this simply have your forex charts open and try to see opportunities based on what you know about forex trading.

Step 2: Learn Forex Trading Techniques for 10 minutes a day, every day. More is ok, but don’t go overboard. You can trade in about 10 minutes a day with portfolio hedging. You can also read a few pages from books or courses on forex trading. The idea is to learn new things, but to deeply integrate the knowledge, this works with step 1 above as you should be looking in the forex charts for examples of what you’re learning each day.

My Forex Trading Promise to You

I PROMISE that if you follow this ONE SIMPLE SECRET, you’ll become profitable at forex trading online.

To prove this, ask your self this question:

“How many people are willing to put this level of effort into something to be successful?”

If you really think about it, you know that few people are willing to do this.

That’s also why few people are successful

But you don’t have to be one of them…

If you make a commitment to start RIGHT NOW and do your first 30 minutes, the next 30 minutes will end up being ultimately responsible for your entire transformation into an expert Forex Trader forever (as long as you stick to it CONSISTENTLY)!

Posted in Forex Trading Mindset

Positive Rapid Forex Review

After blogging for a month, the rapid forex blog is already getting positive reviews on several online forex trading websites. The recent rapid forex review by Forex Signals has already drawn some attention, so I thought I would reciprocate by reviewing their website.

Third Part Forex Recommendations

When visiting Forex Signals at forexena.com, you’ll immediately notice an endorsement for FAP Turbo, which is an automated online forex trading robot. They also recommend eToro.com, which I am currently enjoying myself as they may be becoming my new favorite online forex broker.

Forex Signals Directory

The forexena website also has several quick definitions of japanese candlestick formations. These aren’t complicated forex trading articles, just simple pictures with 1-2 sentences of explanation. If you want very simple definitions of candle patterns, you might like this section of their website.

There’s also a small section on forex economic data, but it’s very brief.

Forexena is a Work in Progress

The forexena website is certainly a work in progress. You can see the website has a simple design. The good thing about this is that it’s clean & doesn’t overwhelm the visitor.

One of the best things about the website is the webmaster, Cheyne. In the short time I’ve interacted with him through email, he’s been quick to respond and very cooperative. He plans to continue building the website into something more substantial over time to better serve the online forex trading community.

Good for Forex Bloggers

If you’re also a forex blogger, you may want to get in touch with Cheyne at forexena.com. Perhaps you could review each other’s websites and both get some nice exposure! I thought it was worth it to have a review of the rapid forex blog on another online forex trading website. Perhaps you would like it for your forex trading website too!

Posted in Forex Reviews

Forex FAQ: Are Stop Orders Blocked in Forex Trading?

The following blog post is a response to a question I received from a rapid forex blog reader. This is a question that many forex traders would be curious about, so I’m sharing it as part of the Forex FAQ feature of the rapid forex blog!

Here’s the message I received:

“Hi Brian:

I’ve traded futures but not forex and would like to do some forex trading. I understand that the rules have changed for forex recently and that stop orders can no longer be accepted by forex brokers. If that is correct, how can a small trader like myself protect a trading position without using stops?

Thanks,
George”

That’s a great question.  I think you’re referring to the US forex regulations that kicked in last year. I’ve had no problems using stop orders in my forex trading account, but I thought I would also ask my top two favorite Forex Brokers just to make sure using stops is still possible with the most popular brokers.

I asked FXCM about placing stop orders on their platform and their response is below:

Brian Campbell: I understand that the rules have changed for forex recently and that stop orders can no longer be accepted by forex brokers. Is that correct?

FXCM’s Response: yes, you can trade using stops

Brian Campbell: Has there been any news regarding stops changing in the forex?

FXCM’s Response: yes there has been, the major change that US regulators facilitated is now that all trades must be FIFO compliant.  FIFO stands for first in first out, meaning, if you have a few trades in 1 instrument then you can only choose to close the position that you opened first. That is why no stops on individual tickets are allowed, but you can put a stop on a whole currency pair and then if you have more then on 1 trade on it, the trade opened first will be closed first with that stop.

Alternatively, you can open a FXCM UK account in dollars, where the stop functionality has not changed.

I also asked ACM for their policy on placing stop orders for online forex trading. And got the following:

Brian Campbell: I understand that the rules have changed for forex recently and that stop orders can no longer be accepted by forex brokers. Is that correct?

ACM’s Response: Maybe this rules applicable with some brokers but not in ACM, you still can use stop loss orders – even for US clients.

Brian Campbell: Do you offer the option to open an account in the UK like fxcm does?

ACM’s Response: No, we don’t as we are Swiss based broker. As we are a FINMA member, we don’t need to have a rep offices somewhere else to go around the lows. we have enough license to offer the best for our traders and thats what we do with ACM, you will have the option for short selling, leverage and orders in addition to tax free trading in Geneva.

For my current top 3 brokers (I’m currently testing out eToro), you’re able to place stop & limit orders. If you’re interested in researching other forex brokers, just ask them if you can place stop orders before you create an account with them.

Posted in Forex FAQ