Forexmentor – HOW TO TRADE CURRENCIES LIKE THE ‘BIG DOGS’
Salepage : Forexmentor – HOW TO TRADE CURRENCIES LIKE THE ‘BIG DOGS’
Forexmentor
How to Trade Currencies Like a Pro
not THE finest one available You’ll be better equipped to trade profitably and to take your trading to the next level after completing this crash course in forex trading from the convenience of your own home.
When I was looking for a course to give on this website, a close buddy that I talk to a friend of his who is now a full-time forex trader. This accomplished trader who “worked” from the comfort of his own home enthusiastically praised the Peter Bain course, which was the cornerstone of his success!
Over the last 10 years, Peter Bain and his team of expert forex traders have successfully coached over 25,000 aspiring currency traders… In reality, the “How to Trade Currencies Like the Big Dogs” home study course is at the heart of the ForexMentor training course. The “Big Dog” course, designed to teach novices how to trade currencies and then continue their forex development until they have become professional traders, has allowed thousands of people to become skilled currency traders.
Instead than attempting to describe Peter Bain’s perspective, here is what he has to say:
“The most essential signs in trading are price support and resistance.” This is why:
Your chart is analogous to an artificial gyro horizon, which is a device used to advise pilots of their aircraft’s direction relative to the earth. To navigate safely, pilots must be able to interpret this instrument.
A gyro horizon is often used by professional traders to monitor what the market is doing. They are known as pivot points. Pivot levels provide traders with a frame of reference to understand what the price is doing and, more significantly, to discover their support and resistance levels.
With that realization, I began to modify my perspective on the market. Over the following 18 months, I worked on developing the steps for a basic system to lead my forex trading. It was dubbed my Forex Dashboard System.
Here it is…
As you can see, price action has taken center stage in my Forex trading!
How easy is that?
To be effective, you don’t need to clog your charts with all of those indications. They clog your decision-making abilities just as much as they clog your charts.
Price and its connection to support and resistance are key to all successful “Big Dog” traders. You must employ them as well if you want to succeed in Forex trading.
Learn to Bark Like the “Big Dogs,” and you’ll be able to conquer the Forex… It’s THAT easy!
It was as if the fog had dissipated right in front of my eyes when I invented the Forex Dashboard System. My trading results improved overnight, but I was also having fun again. I discovered that my Forex Dashboard System allowed me to observe what the market was doing and where it was heading.
Now tell me: Is there a more effective indicator? What else do you need to be successful if you can utilize a basic technique to observe what the market is doing and where it’s going?
THE RESULT IS NOTHING.
When I eventually mastered the Forex, I was so ecstatic that I began sharing my technique with numerous traders. They were taken aback by its simplicity, yet they were suspicious at first. However, their trading outcomes improved not long after.
Here’s the lowdown on how my system operates.
Key price support and resistance levels are closely monitored by professional Forex traders. This is the basis of my currency trading strategy. My system is based on the well-established idea of “commercial support and opposition tendencies.” Just like the professionals.
Allow me to explain…
External causes such as global geopolitical events, international news, monetary policies, economic data, and so on frequently cause volatile currency price movements. We don’t care what triggered the price change since we’re currency traders. We are not economists, but merchants. We are solely interested in benefitting from the volatility that will follow these major fundamental developments.
Using the Dashboard, determine entry and exit points…
When a market reaches a specific low point, it has reached a support level (support being a price level that attracts buyers simply on lower prices). It’s possible that the market has already approached such levels and bounced off them. Markets that hit support levels frequently climb as buyers return to those price points. Then the herd impulse takes over, and the price climbs.
If a market increases and finally reaches a level of resistance as a price level is rejected by buyers because the sellers are asking too much. From this level of resistance, the price will begin to fall. When more vendors join in, the crowd factor multiplies and the price falls. In Forex trading, support and resistance levels are quite dynamic, meaning they may fluctuate from day to day. These values must be re-calibrated on a daily basis. Because technical indicators cannot react rapidly enough, they are ineffective.
…And these key levels can be calculated using simple math!
My forex trading method calculates these pivot levels (support and resistance levels) using mathematical algorithms. These pivot levels are critical because when the price of a currency pair trades around these levels, skilled traders and automated trading systems will automatically buy or sell the currency. This makes price movements more predictable.
My technique allows you to respond rapidly to an ever-changing Forex market and simply find entry and exit positions. Because of these variables, my method outperforms systems based on “lagging” indications. These other so-called systems will be insignificant in contrast.
Want to improve your trading odds even further?
To increase my trading odds even more, I combine pivot levels with a small number of essential technical indicators and chart patterns that are persistent, trustworthy, and reoccurring. The dramatic reversal forms at the tops and bottoms of price ranges are of great interest to me.
What do you think happens?
Certain advantages accrue when chart pattern detection abilities are combined with the usage of pivots. The targeted support and opposition numbers function as an early warning system. Being aware of an important price target level, accompanied by a pattern, you can then anticipate your move.
It just does not get much better than that!
Let me tell you something… if you trade Forex without using pivot points, you might be trading in what I term ‘NO MAN’S LAND’ – these are dangerous zones. Increase your odds by trading at and around pivot points.
My technique employs pivot points to forecast future levels of support and resistance, as well as potential large market reversals.”
