Q: Who subscribes to your service?
We have a wide variety of subscribers, some with 5 or more years of trading experience to relatively new traders who were lucky enough to find us early in their trading career.
To fully benefit and appreciate the quality of the information you are recieving you should at the very least know how to read a currency chart and how to place a trade order with your broker.
For traders who have spent a lot of time learning trade strategies that do not help you succeed, just leave the 'luggage' at the door and come on board to a simpiler way of looking at, and trading, the forex market - You're the ideal EURUSDTRADER subscriber, you're the one who's really going to appreciate what we have to offer.
Q: What forex trading strategies do you provide education on?
A: We provide education on how to trade proprietary short term intraday forex strategies that consider technicals, fundamentals and market sentiment. These strategies are reviewed daily along with previews of upcoming tradable news events and how to trade them and we publish this daily, usually a few hours before the London open (3am EST).
There is some longer term opportunities that are discussed but only in a sense of how it could affect the short term market.
The core strategies focus on European trading times primarily but also cover some strategies for the GBPJPY which may give signals in early evening times in the eastern US and Canada.
Our news trades primarily cover the following pairs: GBP/USD, EUR/USD, USD/JPY, GBP/JPY, EUR/JPY, USD/CAD & AUD/USD.
Q: At what time do you publish the EURUSDTRADER DAILY?
A: The EURUSDTRADER DAILY is posted as early as possible but most often it is between 11pm and 3am EST - most times it is earlier and rarely is it published later, but due to the publishers travel schedules, sometimes a late publication is unavoidable.
Q: Do you answer emails sent by subscribers with specific questions about the instruction?
A: We have a discussion board for questions so that everyone can benefit from a question and answer.
Q: Is 'EURUSDTRADER' a trading system or just another introduction to forex?
A: The EURUSDTRADER approach is certainly the most practical introduction to the foreign exchange market you are likely to find. In addition to this, it describes in great detail and in a simple style, a practical forex trading system used by a retied, but still very active bank trader. The core EURUSDTRADER trading system provides a framework from which the novice trader can be assured he/she does not start running in the wrong direction and the not-so-novice trader will have a completely new set of tools to assess what he/she has been doing wrong and what he/she should be doing.
Q: Why do you offer only a minimum six month subscription?
A: You can't learn to trade forex overnight, it takes time to understand what you are doing. This no-hype daily forex education provides our subscribers insight on how to think on their own and make great trading decisions based on sound understanding of fundamentals, technicals and market sentiment. You'll better understand when and how to apply each in order to find high-probability trades. Real world trading experience of a mentor can shorten the learning curve and improve your trading results fast.
It's possible to learn a strategy in a few hours and start trading ..and if you are lucky, you may have a few winners go your way ..but chances are you have no idea why you are in a trade and you will have no idea how to adapt to the ever changing conditions of the forex market.
Q: I am a complete novice to forex trading, however I have stock and futures trading experience. Is 'EURUSDTRADER' for me?
A: Absolutely. There are many advantages to trading forex. The foreign exchange market is the largest financial market in the world, its open 24 hrs a day, there is profit potential in both rising and falling markets, price movement is highly predictable and let's not forget about liquidity, the forex market operates huge volume of money which provides the traders with complete freedom to open or close their positions, regardless of size. These are just a few examples. The market rarely moves more than 1% in a session, so with proper money manage skills that you'll earn from our exclusive relationship with our veteran bank trader mentor, you'll find a lot of exciting opportunities that you won't find trading equities. In our opinion forex is a safer bet than equity trading any day.
You need to understand what you are doing when trading forex, we provide you the ground work to smart trading techniques that have proven records of success over a long periods of time.
Q:Will this EURUSDTRADER approach give me lots of indicators to follow?
A: No. The EURUSDTRADER approach is probably one of the more simple systems to follow when it comes to technical analysis and indicators. There is only 3 indicators in the core system and a handful of rules for different currency pairs. You can use other indicators such as your MACD and a couple of additional moving averages, but you won't be bogged down with analysis paralysis with this system.
Q. I need a strategy for determining ENTRY and EXIT. Would I learn this from the bonus EURUSDTRADER forex education?
A: Yes. In addition to learning the core trading system, we provide daily trading plan for you in the EURUSDTRADER DAILY presentations.
Q: Everyone says 95% of traders fail - How will EURUSDTRADER approach keep me from failing?
A: The EURUSDTRADER approach will give you a better chance to succeed than you'll find anywhere else. Over 20 years of trading experience can really help you understand how the market flows. Have you ever considered how good you would be if you practiced 10-15 hours per day, everyday, the same thing over and over, year in and year out?
Disipline in trading is more difficult than most people realize. The trick is to combine what you learn from a bank trader's experience with your own ability to make decisions and execute trades when the indicators and confirmation rules tell you to do so. Practice, practice and more practice on a demo account or with small trades using with the EURUSDTRADER plan and Daily Review/Preview and you build your confidence and be well on your way to success.
Keep in mind, some traders have a knack for trading and can be successful right away, others don't and may never have the right mindset, regardless of the system they use. When it comes to the level of risk you are comfortable with and how you manage risk, everyone is different.
Q: Can one really make a living out of forex trading? What is needed?
A: Yes, there are thousands of fulltime currency traders all over the world. You need to learn what it is that makes different currency pairs move. You need an understanding how certain key economic news affects interest rates, the market sentiment and how that sentiment moves a currency price. You will learn all of that in the fundamentals and news trading information you are provided.
You can also follow along DAILY with our mentor as he provides market insight and strategy for trading upcoming news through the EURUSDTRADER DAILY. Practice.
You need to study the course material and practice good money management skills. Know when to cut your losses, stick to the rules and be consistent. There are thousands of retail traders who make a living from trading forex.
Q: Which broker do you recommend I use?
A: We don't - simple as that. You need to fiqure out which broker provides the best tools for you and you need to do some due dillegence on the broker servcies available. Stick to big name brokers so that there is less of a chance of them going out of business with your money still in their account. Google 'Forex Broker Review' for more information.