Introduction.
The realities of trading.
The one key factor all successful traders have.
Why the odds are against you.
Why learning the latest strategy will not make you
money without this vital ingredient.
My live trading account run through.
How any trader can achieve consistency, provided
they have this.....
I started in 1997.
Previous career in Fund management.
I was hooked!
Learned the hard way.
Started again fearful, then built my account only
to get overconfident and?
Cycle of gains and losses.
Consistency was the key rather than taking that
extra trade at the end of the day that gave back
previous gains....
It took me 4 years to achieve this.....
Started EzeeTrader in 2002.
I’ve been an FCA regulated money manager as
well as co-running EzeeTrader.
London Forex Show unbeaten in live trade-off for
past 4 years.
BBC documentary ‘Trader’s millions by the
minute’.
Next challenge is £50,000 into £500,000.
“Without wishing to go on or embarrass you, I sing your praises all of the time.
Your patient teaching and demonstrations have had a huge impact on the
psychology of my trading. I thought I was patient but you have taught me what
this really means in trading. Whilst I am obviously still learning Forex techniques,
your coaching has also improved my share dealing which I have been doing
longer! Again I thought I was calm in my trading, but now I approach trades in a
truly calm manner waiting for set ups to be 'perfect' and come to me. Your Forex
techniques are excellent in themselves but I can’t thank you enough for the
constant focus upon, and dissection of the psychology of trading which has had a
big impact on my trading in such a short space of time. Listening to you always
making such sense so often has gradually impacted me so that I feel it in my
bones instead of just thinking I know it if that makes sense....”
Shaun H
Real trading, not hype or nonsense.
The simple reality of trading is 80% fail. Why?
Lack of knowledge.
Lack of patience/give up too early.
Greed.
Fear.
Discipline.
You can gain all these qualities but there’s one
key factor all traders need in order to acquire
them....
TIME
Courses/strategies but until you gain experience,
you will not be good enough.
Market Wizards
Some of those masters didn’t become profitable
until trading 5 years!
Airline pilot....
Doctor.....
So why do traders expect to learn some
techniques and be instantly profitable!
In theory, traders should be profitable after
learning the theory, however.....
Mindset.
Airline pilot could have completed his training but
does he/she have experience to cope with;
Extreme bad weather
Extreme turbulence.
Different airports to acclimatise to.
Until they have experienced these conditions, they
simply don’t have the expertise to be responsible
for passengers.
Until a trader has experienced;
Different market cycles.
Bull/Bear markets
Low/high volatility
How can they expect to be consistently profitable?
There is only ONE way and that is to start low and
build experience over TIME.
If you DON’T think 2 years of your life is worth it
to then have the skills to trade for the next
10,20,30 years, then this isn’t for you.
Are you playing at it?
You build experience by time spent and with
guidance from professionals.
Traditionally a trader would join a bank where they
would be trained and mentored.
Not many opportunities in banks these days –
automation.
Huge potential for discretionary traders!
Okay, so you want to know how to increase an
account exponentially.
Once skills have been developed, it’s simply a
case of being consistent.
At 10% a month, an account will grow from $10k
to $100k in 2 years (compounded).
Big assumption due to the following;
You trade every day/week
No holidays/sickness/missed days/poor markets.
You compound EVERY month – unrealistic.
Mindset! Can you handle increasing position size!
This brings me back again to experience!
After speaking to a U.S. company about doing this
webinar, I had this idea....
So is it possible to turn a $10k account into
$100k within 2 years?
Okay, my challenge.....
Using it as a tool to help traders with their
BELIEFS....
Demonstrate that traders can do this provided
they are willing to put in the TIME.
Time is not the same as WORK!
Study by Brad Barber at university of California-
Davis published in 2000 looked at results of 2
million trades between 1991-1996.
The 20% of investors who traded most frequently
underperformed those who traded the least
frequently by 7.1%.
Here’s the account for the first year.....
Using day and swing trading techniques.
The key is knowing when and just as importantly,
when NOT to trade.
You don’t have to be trading all day long to be a
pro.
Novice traders want action – that’s not what
makes money.
In trading, we get paid by sitting on our hands and
doing nothing.
Consistency is about knowing (experience) when
to trade and when NOT to trade.
I wait for my momentum setups to come into line
along with multi timeframe analysis.
If they don’t align, I don’t trade.
1-2 trades a day.
Consistency – unforced errors!
Andy Murray....
Promise to commit your TIME to trading and
you’re 8/10ths of the way there.
Invest time NOW for the skills and experience to
trade the rest of your life.....
Set your own monetary goal.
Can you give it the TIME to develop these skills?
If you can, please sign up for the full completed
10k to 100k webinar at www.ezeetrader.com
www.ezeetrader.com/showfx