rapidforex.com

Instant Momentum as a Forex Trader

There is to be a temptation among people learning forex trading to want to feel like they understand trading before they start trading. This isn’t the best way to learn to trade.

Learn Trading by Doing

The FEAR that most people have is that when they begin trading, they don’t want to lose money. Nobody wants to lose money, we become forex traders so we can make money.

If you haven’t traded any real money yet, it seems logical to want to have a winning system in place before putting real money on the line…this is why demo trading (trading in a practice account with pretend money) is typically advocated.

The PROBLEM with Demo Trading

Demo trading is a good thing to do. It does have a major disadvantage. People tend to get bored with demo accounts. We know it’s pretend money, so we don’t take our trading seriously.

I recommend that you open a tiny trading account with REAL money. You can open an account with as little as $50. I recommend opening an account with at least $100.

Allow this account to be your “learning” account.

Although your goal will be to make money from the account, consider this first account as part of your forex trading education. Give yourself permission to trade this account even down to ZERO in order to learn forex trading.

Making Forex Trading REAL

Approximately $4 TRILLION is traded every day on the forex market. This is ALOT of money, and a huge opportunity for you to live a fantastic life & to do the kinds of things you want to do in life.

I’m recommending you start trading with real money for an important psychological reason:

If you trade with REAL money, forex trading is REAL for you.

When you start making trades that earn you $1.73, $2.11 or even $0.12 something magical will start to happen. You’ll start seeing FOREX as a REAL way to make money for you.

When you see your $100 account grow to $110, you may choose to throw in another $20. Then that $130 account will grow to $150. Then you may toss in another $50. As you see the small account grow, you’ll naturally want to invest a little more in it at a time.

Since your account is already setup, it’s easy to invest another $10, $20, $50, or more  because you can simply add it to your account. If you don’t have a live forex trading account setup, you’ll tend to procrastinate.

Expanding Confidence

You’ll learn lessons along the way. You’ll lose money at times. Even though you don’t want to lose money (nobody want to), you’ll also learn VALUABLE lessons from the money you lose.

Whether you take a profit or a loss from a trade, the fact that it’s REAL MONEY will spark an interest in you that simply isn’t there with a demo account.

The SOONER you can overcome fear that you’re going to lose money, the CLOSER you are to becoming a PROFITABLE forex trader. The longer you wait to open a REAL account, the longer you’re postponing your success.

Think about this honestly for a moment…“How many things have you spent $100 or more on that were pure WASTES of the money…money that you spent that doesn’t have any OPPORTUNITY of earning you an income”

After you answer that question honestly…ask yourself this question “How much is it worth to INVEST in learning this VALUABLE skill that will benefit me for life?”

By making a decision to open a real forex account and start trading NOW, you’re on the true path to opening up a tremendous new REAL opportunity for yourself.

Many times I wished I started trading earlier than I did. I’m GLAD that I trade NOW Make this commitment to START NOW and I’ll continue to show you the next step!

 

 

Posted in Forex Trading Mindset

S&P Cuts France, Germany Still AAA

Standard & Poor downgraded the credit ratings of 9 European countries today. France & Austria received downgrades from AAA to AA+. For now Germany still maintains a AAA credit rating.

Other countries downgraded were Malta, Slovenia, Slovak Republic, Cyprus, Italy, Portugal and Spain. This creates an overall negative economic outlook for the Euro in the near future.

Greece is still struggling to avoid default of its debts, but there is little doubt that Greece will default in the near future.

Overall Impact on Forex Prices

The S&P downgrade caused EUR based currency pairs to close down for the week. The downgrade confirmed trader sentiment that the EUR is weakening. This downgrade didn’t really shock anyone, the writing has been on the wall.

While this announcement is evidence of a mid term downtrend, shorting the EUR short term isn’t necessarily the best course of action.

There are other issues which are being temporarily overlooked by the media. The US had it’s credit downgraded back in August.  With all the attention on the EUR right now, there are news items “waiting” to happen for other countries that will surface soon.

What Does This Mean for Traders?

It can be interesting to observe announcements by countries & financial corporations, but it doesn’t tell the complete story. By the time the news gets to reporting something, the effect has typically already been reflected in the price data.

Technical Analysis prevents us from getting too caught up in what we hear in the news.

The EXCITING thing about big news stories is that it creates alot of VOLATILITY. Nobody really knows what is going to happen. The news simply reports what has just happened.

I don’t try to predict what will happen in the future as a forex trader.  Volatility benefits us because we can mathematically gain an advantage from trading when there is confusion in the market. Currently there is ALOT of confusion…so there is ALOT of OPPORTUNITY.

I’ll be sharing more about how you can capture this OPPORTUNITY in upcoming blog posts, be sure you’re subscribed here so you get to learn more about how to profit from volatility.

Posted in News

Credit Card Companies BAN Forex Sites

Credit Card companies are now starting to BAN all forex trading websites. This will soon change the entire forex education industry as we know it.

Why Pick On Forex Sites?

Credit Card companies aren’t just picking on forex websites, they are starting to change their policies for other categories of websites as well.

The reason that credit card companies are turning against FOREX websites is that the overwhelming MAJORITY of Forex websites provide trading methods that DON’T WORK.

That’s right, 99% of websites claiming to teach you how to trade forex simply DON’T WORK.

It’s an ugly truth that usually isn’t talked about…

Forex Credit Card Crackdown

It started about a month ago when paypal stopped accepting payments for forex related products and services. Yesterday I received an email from my merchant (Plimus) stating that credit card companies have changed their policies and no longer accepting transactions for forex. There appears to be no appeal process, just a flat out refusal to process credit card transactions for forex websites.

While this change won’t affect Forex Brokers, it will affect websites that TEACH forex trading, or provide forex SOFTWARE.

Good News for the Consumer

This move by the credit card companies will effectively put the bogus forex websites out of business. Of course this presents a unique challenge for the handful of forex websites that ACTUALLY teach you how to make money for real with forex (like rapidforex.com).

There’s another hidden benefit for forex traders…

Using credit cards for ANYTHING is the WORST thing you can do if you’re trying to create wealth. If you understand compound interest, the last thing you want to do is to pay it…you want to trade forex so you can COLLECT it!

The Most Moral Decision

There is still time before the credit card companies get to all of the forex websites.

Here’s what I’m doing that I feel is the most MORAL decision in order to help you build wealth, trade forex, and live a better life. I’m making a few changes.

Change #1 No Banner Ads

I’ve removed the banner ads from the Rapid Forex website. There is only one method of trading that I know works, and that is portfolio hedging.

I used to allow advertisements on the website because it was profitable for me to do so. But in an effort to clean up the forex education industry, I’ll only be promoting the trading methods that put PROFITS in my POCKET directly through my own PERSONAL FOREX TRADING.

Change #2 No Credit Cards

Ok, so the credit card companies made this choice for me. From this point forward I won’t be accepting credit cards for Hedge Report membership. I’ll be accepting checks. I’ll be cutting everyone a nice deal since this requires a little extra effort.

What’s IRONIC is that the Hedge Report is more PROFITABLE than EVER.

The Hedge Report will still continue because it’s generating excellent profits for the members and I.

COMPLETE Transparency

In the next few days I’ll be posting the RESULTS of ACTUAL Hedge Report portfolio performance since the Hedge Report began. I’ll also update the website regularly in the future to show those results as they change and grow.

These are the SAME trades that I and the members of the Hedge Report have also traded.

The Hedge Report is a REAL trading method producing REAL profits for REAL traders.

I’ll also be providing a special deal for you to join the Hedge Report. Since I won’t be accepting credit cards, you won’t have to worry about getting automatically rebilled for something you’re not using. This allows you to only pay for the Hedge Report as long as you’re actually making money from using it.

This is actually a more fair deal for you

I only know of ONE method that makes consistent profits from forex trading, so that’s the ONLY method that I will be sharing with you on the Rapid Forex website. If I discover another method that actually works, I’ll share that with you as well.

So far after 15 years of studying forex, there’s only one that I’ve found that really works…

I’ll be reopening membership to the Hedge Report as soon as I can show you the updated profits we’re generating, the Hedge Report is kicking ass and making great profits. I’ll show you what they are in the next few posts.

Posted in News