Posted on May 25th, 2010 by Rapid Forex12 Comments »
Money Management Made Simple
Proper forex money management is criticalto your success with Forex Sailing, or any type of online forex trading.
Even if you’re a great trader, you need to use money management to methodically grow your online forex trading account. Awhile ago I posted how you could lose money on a profitable series of trades!
Before sharing the video, you may want to check out these links:
Related Forex Sailing (Part 5) Posts:
1. Forex Money Management for Forex Sailing – this is the written version of the video below. You can read this instead of the video, or use it as a supplemental guide to go with the video.
2. Forex Sailing Fibonacci Calculator Download – let this little spreadsheet tell you all the critical numbers for the trade on a picture of how your trade is unfolding. This calculator will also show you at a glance how to determine if the trade fits your forex money management criteria based on your online forex trading account balance.
3. Forex Gambling Mentality Kills Profits – This post gives you a great example of why the money management system taught in the video below is important for you to follow. See how a profitable series of trades can lose money without a money management plan…
Forex Sailing Video #5
Money management for online forex trading doesn’t sound like fun. In fact, any time you tell people to use discipline they cringe (myself included). In the video below I show you how to reduce your trading decision to a simple glance so you protect your trading capital and methodically grow your forex trading account.
What’s Next?
In Forex Sailing video #6, I’ll share another recent trade example for the AUD/USD that moved over 400 pips in less than a week. There’s only one more video left in the FREE Forex Sailing Course. If you want to learn online forex trading in LIVE market conditions, register for the Hedge Report today and take advantage of a very special promotion.
Posted on May 24th, 2010 by Rapid Forex48 Comments »
This Forex Sailing video lesson contains a recent example of an 800+ pip movement in the EUR/USD that only took 6 days to sail!
What’s funny is that this trade just completed. I wasn’t looking for a “perfect example,” yet the most recent one was truly a “perfect example” of a successful Forex Sailing trading opportunity.
Even if you got into this one late, it would have been good for at least 650 pips!
Amazing!!!
If you’re finding this post by iteself, here is a quick list of previous Forex Sailing videos:
1. Download the Fibonacci Calculator – not only will this tool crank the forex numbers for you & give you fibonacci wave targets, it’ll also teach you Forex Sailing visually by creating a custom picture of the trade based on what you know & it’ll tell you what you don’t know yet… It uses the same image as in the fibonacci wave zones for online forex trading post.
2. Online Forex Trading Example – Forex Sailing GBP/CHF – This post gives you another example of a successful Forex Sail. This example is provided to show you how Forex Sailing works when it works as intended. In the Forex Sailing series, there will also be other video examples of finding Forex Sailing opportunities.
3. Forex Money Management for Forex Sailing(extra credit) – This post shows you how to use proper money management when Forex Sailing. There will also be a video soon that explains this for you.
Forex Sailing Video #4
Video #4 is broken into 2 parts since youtube limits videos to 10 minutes each. I wanted this lesson to fully explain what we’re looking at for a Forex Sailing opportunity. I explain how the theory applies to the price charts. I also explain some of the things that may go through your mind when you’re thinking about making a trade.
Forex Sailing Video #4a – Watch this part first
Forex Sailing Video #4b -Watch part a first
Can You Find this Trade?
I want to challenge you to find this trade. In the video I mention that it started on May 9th on the 4-hour charts for the EUR/USD. The trade lasted until the 15th. Can you open your charts and find this trade? Do you get different numbers (it’s ok, everyone’s numbers will be different)? If you really want to learn online forex trading, then try to see this trade on the charts for yourself!
Posted on May 23rd, 2010 by Rapid Forex35 Comments »
With all of the Forex Sailing lessons being taught, you need to make a lot of calculations. To make life easier for you, I’ve created a fibonacci calculator specifically for Forex Sailing.
The calculator below is meant to be used with the Forex Sailing (swing trading) video course, but will also be used for Forex Surfing (daytrading).
Here is a quick list of previous Forex Sailing videos:
It’s pretty simple. There are two sheets in the spreadsheet file.
The first sheet is called “Upswing” and has 2 pictures:
A2-wave fibonacci pattern for trading the second wave
A 3-wave fibonacci patternfor trading the third wave
For Uptrending Trades, fill in the numbers in the green boxes, and it automatically tells you your buy, stop & limit prices.
The first sheet is called “Downswing” and has 2 pictures:
A2-wave fibonacci pattern for trading the second wave
A 3-wave fibonacci pattern for trading the third wave
For Downtrending Trades, fill in the numbers in the red boxes, and it automatically tells you your sell, stop & limit prices.
Using the calculators should be pretty self-explanatory. If you haven’t used a spreadsheet program before, you may want to wait until the next Forex Sailing video (#4), where I’ll show you examples of how to find Forex Sailing trades. I’ll be using the calculator in the video, so you should be able to use it easily after watching that video
The Calculator Also teaches you Forex Sailing
A cool feature of the calculator spreadsheets above are that they actually help you learn Forex Sailing. When you enter the prices you know, it gives you the projection on a picture of your trade! It uses the same picture that is used in the Forex Sailing videos (see below):
!
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Philile on 
Gary Cooper on