Category Archives: forex

Does Enlightenment Really Improve Trading?

To the linear trader’s mind there is no connection between enlightenment and trading performance. However, you couldn’t be more wrong. Why? Because enlightenment increases self knowledge, the inner knowledge which goes beyond your three dimensional “reality”. Inner knowledge reveals the fabric of the universe. It reveals how the rug is woven, instead of just showing you the patterns on the front of the rug.

Learning a trading system is easy

Anyone can doit. Learning about yourself is difficult. Almost nobody does it in the trading world. 95% of all traders fail in the long run because they think learning a system is all that is required.

You develop trading consistency once you see your thinking and actions BEFORE you take the action

The only way you can get to this place of EARLY recognitions is through extending what you know about yourself and bring it to your conscious awareness.

Enlightenment reveals how things are, not how YOU think they are

Traders and investors live in the illusion that they already know everything they need to know to make good trading decisions. That’s why it is a big shock to them when their trades don’t work out, or their lives don’t work out how they think they should work out.

Usually only once they incur big account draw downs and big relationship troubles will the look where they have not looked before for solutions.

Don’t wait that long

If you already knew everything there is to know about yourself and about the world and trading you would not have any trading problems. Thinking that you know everything gets you into a dangerous loop. You keep repeating the same old behaviours getting nowhere indefinitely.

The result? Frustration increases and so does dysfunctional behaviour

Enlightenment is just another acronym for “deep knowledge”

To be more specific: Knowledge brings light into your body and mind in esoteric terms. We are talking about the esoteric “knowing” that goes deeper into the hidden dimensions of your being that accesses the core of reality creation. You cannot heal a festering wound by putting a band aid over it. In order to make meaningful progress quickly you have to look deeper.

Enlightenment gives you the knowledge and the tools to expose erroneous thinking at the point of creation not later when you have accumulated big losses.

Enlightened knowledge removes you a few step from yourself. It puts you in the position of observer. As an information gatherer you learn new perspectives and learn how to look at aspects of your reality you never looked at before.

From this vantage point you can begin to re-construct your reality, because you have a broader vista.

When you change the way you look at things the things you look at change

This simple strategy should be pretty obvious to anyone. Yet the reality is that most traders cannot see it. They are so married to their way of thinking that trying something that to them may appear out of the box is impossible.

If your trading lacks consistency it clearly shows lack of knowledge somewhere along the line, usually it is the knowledge of how things work inside you.

Mercedes Oestermann van Essen is a thought leader in the field of trading psychology. She is the author of “The Buddhist Trader” and other books on trading psychology and personal development.

All About Share Market Trading

What are shares?

It’s a means to own a company.

The definition of ‘Securities’ as per the Securities Contracts Regulation Act (SCRA), 1956, includes instruments such as shares, bonds, stocks or other marketable securities of similar nature in or of any incorporate company or body corporate, government securities, derivatives of securities, units of collective investment scheme, interest and rights in securities, security receipt or any other instruments so declared by the Central Government.

What is Share Trading?

Shares trading refer to buying and selling of company shares – or any derivative products based on company stock – with the motive of profit earning.

Prerequisites for Share Trading

• We need to have DP(DEPOSITORY PARTICIPANT) account.

• We need to have a Trading account

• And of course money

How Trading Happens?

Companies get themselves listed on popular stock exchanges like NSE, BSE

Interested traders using terminal provided by their brokers trade on those shares.

Online Trading participants

• Investor- Participates through website of brokerage using internet and computer.

• Brokers- they contact each other through trading terminals and they also find who is interested to buy or sell shares.

• Stock exchange- It facilitates transactions through its servers. Most dominant stock exchange in India are NSE and BSE

• Registrar of Company-It is a government body that maintains records of all shareholders and updates database changes whenever ownership changes.

• Depositories- It includes depository participants which stores shares in electronic format.

• SEBI (Securities Exchange Board of India)- SEBI is a government body which regulates financial markets and looks into Investor complaints against companies.

Kinds of Trading

Intraday trading

Delivery based trading

Intraday Trading

Intraday trading includes buying and selling of stocks within the same trading day. The stocks purchased in this kind of trading, are not purchased with an intention to invest, but for the purpose of earning profits by analysing the movement of stock indices.

Deliver based Trading

Delivery based trading means buying shares and holding them for certain period of time is called delivery based trading.

In this method you have to place your buying request through your broker and pay for the current price of the stock. Once your request is executed the stocks that you have bought are deposited to your DP account. In this process you have to pay the full amount of the stock price. Once the stocks are deposited to your account you can then sell the stocks or hold them for as long as you want.

Buying Into Bitcoins

With the 21st century demand for quick and big profits, one of the most controversial new investment vehicles has been Bitcoins, the virtual currency. It’s gained controversy partly because of its volatility, partly through the instability of Bitcoin exchanges and partly because their in-traceability meant they were a favored payment method for criminals.

Things are changing and after a particularly volatile spell in which one of the main exchanges, MtGox, filed for bankruptcy, the currency seems to have settled into a more stable pattern allowing investors to be able to take a measured view of whether to risk their money in a currency that technically doesn’t exist.

Volatility

Although Bitcoins are becoming increasingly popular, the market is still quite small, meaning that good and bad news can have a disproportionate effect on the price. The long term outlook for Bitcoins is potentially good, meaning that the upside on price is stronger than the potential for a decline over the long term. Most brokers recommend that you consider Bitcoin a medium to long term investment because of its volatility. Think of it in terms of real estate. No one buys and sells houses many times a day and there can be significant drops in property prices but the long term trend for property prices is usually up. The same can be said for Bitcoins. Whilst there is a significant daily trade in the currency, many Bitcoins are held as investments as analysts believe that it’s likely the price of Bitcoins will rise long term because they are becoming more widely accepted.

Influencers

As with all financial instruments, prices are influenced by supply and demand. Bitcoins are no different but what has caused big fluctuations in price has been the unusual nature of the news that influenced the supply and demand:

• The bankruptcy of MtGox, one of the biggest Bitcoin exchanges

• The closing down of Silk Road which allegedly accepted Bitcoins for drug trading

• The disclosure by the US government that, despite the negative uses of Bitcoins, they believed that the currency had a future

• The media has also stirred up interest by reporting on milestones in the currency’s rise and fall, trumpeting the rise to over $1000 and its subsequent plummet on bad publicity.

Generally the advice on investing in Bitcoins is to sit and watch the market for a couple of weeks to get an idea of how the currency trades, its volatility and trends. It’s difficult to find rumor that hasn’t instantly affected the value, so many suggest investing a small amount and simply watching for opportunities, a little like setting take profit levels with shares and Forex, you can do the same on Bitcoins; it’s just a bit longer process and a little less automated.

Just like with any investment, the value can fall, and events like the collapse of MtGox and the closing down of Silk Road, negatively affected Bitcoins; not just because demand was reduced but also because Bitcoins were falsely linked with the companies by urban myth. The market seems to be becoming more regular, but not necessarily regulated, as more exchanges come online. Some of the exchanges will go the same way as MtGox but others will consolidate and become stronger and more reliable. No doubt official regulation will be applied to Bitcoins in due course at which time the volatility is likely to reduce.

Bitcoins represent an exciting and potentially lucrative medium to long term investment vehicle. Exciting because it hasn’t yet been accepted into the mainstream of currencies or investment vehicles. One thing investors like about Bitcoins is their conviction to prospects as was in gold

How Cosmic Disclosure Will Affect The Financial World

I am a great protagonist of cosmic disclosure: One of the biggest questions is of course how it will affect the financial world, as the financial world is possibly the weakest part in a chain of interconnected sectors that affect everyone in case of an unexpected event.

There can be no doubt about it when cosmic disclosure finally happens it will shock many people because the average individual still has no clue of what is going on behind the scenes. Assuming that we will get FULL cosmic disclosure, will be a shock to the world but it will propel our evolution forward in a way nothing else can.

This is also true for the outdated and corrupt financial system which is way past its sell by date.

The way in which finances are handled affects every single sentient being on the planet and beyond aiming not to empower but to suppress the evolution of sentient beings. Full cosmic disclosure, and I have to emphasise that we will need FULL cosmic disclosure, will free the financial system to re-set itself to zero and start again.

Why? Because if we get FULL cosmic disclosure the game will be out in the open: There won’t be any hiding in darkest corners of the Antarctic, face history, or the moon or Mars any longer.

Once the truth of the history of the financial system will be revealed with all its flaws the solution will become glaringly obvious. Note, in my book the solution is not bitcoin, but that’s another story…

Imagine every paper, every news channel, every radio station would reveal the truth about the lies in our history books, in science, in medicine and in technology.

My friends, cosmic disclosure is huge. In the end we can not fully anticipate how cosmic disclosure will the financial world, but we can be assured that it will hasten the demise of a system that has been at breaking point for the last thirty years or so.

The stock market will be interesting to watch:

We might see a surge in share prices for small companies at the leading edge of alternative energy and alternative health.

Bitcoin, gold and silver or diamonds won’t feed you in an emergency.

If full cosmic disclosure happens there may be a period of massive turmoil which few will be able to handle mentally because they are still too deeply steeped in the old survival model of fear, anxiety and the drive to defend and blame in order to survive.

Everyone wants change the easy way:

Humanity at large is desperate for it, yet what the people are forgetting is that nothing can change unless the energy that creates change shifts. While so many are fearful of losing a status quo that is still dear to them, the use of money as a means of exchange is one such status quo, there cannot be any significant change.

The financial system is kaput:

The way traders and investors operate is not a modern, sophisticated means of making a living, but a blatant mismanagement of universal energy which doesn’t return anything of value back into the system.

The insanity of aggressive short selling that has crippled many companies over night might actually work in favour of quickening the collapse of the financial world when cosmic disclosure produces a knee jerk reaction in the markets thus making room for regeneration and innovation that acknowledges and respects the contribution of the individual to the world in its entirety.

Mercedes Oestermann van Essen is a success coach and trading psychology coach. She works with financial professionals and entrepreneurs assisting them to create brain coherence and manage their internal states.

She is well known and respected for her cutting edge insights in the field of trading psychology. Mercedes Oestermann van Essen is the author of “The Buddhist Trader”, available on Amazon.com and other books on personal development and trading psychology.

The Ultimate Guide to Binary Robots

What should you know about such trading robots?

Given how popular they are with scammers, who will take every opportunity to blow their true capabilities out of proportion, it’s safe to say that binary option robots have been overhyped lately. From the tracking of weather satellites, to using AI and various intricate trading algorithms, not to mention bare metal servers, everything has been ascribed to binary trading bots as the concept on which they’re based. Of course, none of these far-fetched tales are true. Every trading robot out there is based on a more or less intricate combination of technical indicators, and that is the source of their limitations too.

Binary option robots are indeed quite limited when it comes to long-term success and consistency, and that can be attributed to the fact that they’re unable to perform fundamental analysis. Technical analysis, with its charts and chart patterns, coupled with various mathematical artifices, is extremely easy to automate. Fundamental analysis on the other hand, does not lend itself well to automation. Not even systems endowed with rudimentary AI can handle proper fundamental analysis, and that explains why experienced robot users’ best answer to fundamentals-induced volatility is to just unplug the whole thing.

What types of trading robots will you find out there?

Based on how they are “sold”, there are two basic types of binary option robots. There are scam robots and there are legitimate ones. When it comes to intricacy, the sky is the limit really. One can combine as many technical indicators as he pleases and he can place filter on top of filter to refine the results. The money management module can be twisted and turned into all sorts of shapes and sizes too.

How do you recognize a binary option auto trading scam?

The clues/signs are quite numerous and obvious indeed. Scam auto-traders are advertised everywhere these days, and most of them are built on the same blueprint. The scammers set up a 2-3 page site on a recently acquired domain and they upload an elaborate promotional video to YouTube or to another video-hosting site. Even the scripts of these videos resemble one another. They’re all about fabulous promises of thousands of dollars per day without any work required on the part of the trader and they usually say very little about how their software is supposed to secure such results. If they do talk about the mechanics behind their traders, they usually concoct some sort of far-fetched story in which they hype up some kind of rather mundane technology, hoping those less knowledgeable will buy into it. Another common denominator of such videos is the fact that scammers make a big deal about offering their software for free. It always turns out though that victims have to make a $250 deposit with one of their “trusted” brokers to get things going. Needless to say, victims then never see a single cent of their money afterwards.

What happens is that the scammers give traders access to a low-grade robot, which uses some technical analysis to generate signals and to trade. They then pick up their commission from the broker they’re partnered with and they stop caring. Users then have their deposits traded away by the software. They might even get subsequent phone calls from the broker, through which they’re encouraged to make additional deposits.

Legitimate auto traders never hype anything. They just state the facts about their products, including their limitations.

3 Important Trading Tips and Tricks

In today’s article I would like to wrap up all the important things I have learned in trading in the last decade. So let’s get to it!

1. Risk management and positive RRR

We started to work on our private fund and application with our team three years ago. At the beginning, we asked ourselves one fundamental question: “How can we shift risk management to a really high and sophisticated level?” Please take notice of the fact that our first steps towards working on our own fund weren’t about which broker to use, what server to have, or what strategies we should use. All these questions wouldn’t be significant unless we understood that the base for successful trading is mainly a high-quality risk and portfolio management.

The edge in the market doesn’t last forever. Strategies fail in time (even though some may work for years), markets change faster than they ever did before, and drawdowns were, are, and always will be present. Therefore, the question is – what is the best way to deal with that? These are all aspects that need to be resolved on a risk-management level and not on the level of brokers, servers, and strategies.

From my point of view, the most important thing is to create a concept of how to look at money management as a whole. Our elemental approach is based on the philosophy that each strategy in a portfolio is like a single employee in a large firm. And the point of managing such a firm isn’t based on the fact that each employee should receive the same part of the firm’s resources (same percentage of capital), but each employee should have dynamically allocated resources based on how they are doing; how effective they are, and how they are contributing to the firm as a whole. Therefore, our risk management is based on a very dynamic real-time evaluation of actual effectivity of all the “employees”. That means, not only from a point of view of their singular effectivity, but also from the viewpoint of their functionality as a whole. Based on such evaluation, different resources are allocated dynamically to each “employee” in time.

Simultaneously, it is important to take into account all the firm’s resources as a whole (we can look at it as a cash flow) and such resources are also globally increased or decreased based on how the firm is doing as a whole.

In such a model of management, it is important to consider many different aspects, from analysing the quality of each trade, the distribution of the latest ones, as well as of all existing trades through different analysis of equity, volatility, and current quality of markets. The model is therefore very dynamic and literally it can change every minute the distribution of resources to each “employee” and also the whole firm. Naturally, I won’t give out any more details about this subject.

The point for which I am writing this is very simple: It is really important to have a clear idea of how to manage the capital. You don’t need sophisticated models if you don’t plan to manage big money, but if you are a small “ordinary” trader you have to know what percentage of the capital you risk per trade. If such risk makes sense from the point of the Monte Carlo analysis (and maximum possible Monte Carlo drawdown) and also to have a specific plan on when and how to increase or decrease the amount of contracts, and how to deal with strategies and patterns that currently have a bad period (such strategies shouldn’t receive the same resources as those that are doing well).

I strongly suggest to trade with positive RRR. From my personal experience – it is easy to find a beautiful, smooth equity with negative or RRR 1:1, but later on commissions and slippage come in and cards radically change in your disadvantage.

Also, I suggest a book called “Definite to Position Sizing”, which I used to get inspiration for my fund.

2. Regular maintenance and adaptation

From the experience I have gained over last few years – whatever edge in the market you have, whatever approach and trading path you have, your edge will need occasional changes, updates, and maintenance (even if you trade discretionary).

Some changes are changes in stop-loss and exits (better adaptation to new volatility); sometimes it is regular optimization; sometimes small changes in a fundamental idea of the edge. Occasionally, some of this work will be done by auto-adaptive requirements and algorithms on your behalf. But even so, some different levels of regular maintenance will be needed.

A definite edge that you could trade without any changes constantly doesn’t exist. Markets are changing too quickly and therefore it is necessary to make adequate changes in parallel. Occasionally, it is necessary to change the composition of the portfolio; occasionally to change a market or timeframe, or to change the amount of positions thanks to the ever-changing volatility. These are all things that come with experience and are very important.

If you would look at this from a different angle – it is like in any other profession in life. Whatever you do, new trends, new tools, new requirements are constantly coming in and we need to learn to adapt. If we don’t, we can’t become successful in anything in this dynamic world (not even in trading).

The good thing is that it isn’t as bad as it may look. Simply put, it is important to trade and gain experience, to reconcile that we will never be perfect and occasionally we will make mistakes – to learn from them. The more as we trade, the simpler it will be to make a decision about occasional changes to be able to adapt. Not always will our decisions be correct, but that’s how it is in life (if we are reasonably diversified, the occasional wrong decisions will be balanced by series of good decisions. In our fund we are dealing with volatility a lot and on many different levels; from regular optimizations of systems to proprietary auto-adaptive algorithms and indicators, up to concepts working with adaptability on the level of the whole portfolio.

The necessity to know how to adapt is an elemental part of survival in life. This is actually great news because it means that in our genes there is everything necessary for us to adapt. We just need to learn how to use it.

3. Learning is a never-ending process

The previous paragraph leads to the last important point which I need to discuss here – learning is a never-ending process. Trading is a lifestyle, it is a life path. If you have chosen trading, and I mean really chosen, then it probably will be with you for the rest of your life. And that means that there will always be something to learn, there will always be something new. And this is something that makes the path of a trader even more exciting.

To be honest, I have a feeling that I still don’t know much even after more than 10 years in trading. Yes, I have noticeably moved forward. In our fund, with our team, we are realizing and discovering some really incredible things. Even though I have a feeling I don’t know much about trading. Maybe today I know more about risk management than why markets move the way they do. Maybe today I am capable of developing a larger trading and risk management concept than before, but that doesn’t mean that I have found more certainty in the markets. Trading is still a path without certainties. That’s why it is trading, that’s why it is a speculation. But what is certain these days – it isn’t even a civil servant position anymore.

I have a feeling there is always something to learn. Every day we are amazed by new findings that need new, creative thoughts and ideas to be able to implement them in the right way. Even after 10 years I still read trading books; I learn from other traders and I am finding out newer and newer things.

In trading there is always something to improve.

And that’s how it’s probably always going to be for traders. This is a reason why you need to enjoy trading, why you need to be passionate about it in order to be successful for the long run.

On the other hand, I have to say that you will learn a lot, not only about trading, but also about yourself and life. I am actually surprised myself of what I have learned about myself and life thanks to trading.

5 Proven Steps To Doing Really Well In Trading

Hi. Have you ever wondered what it takes to do really well in trading or what necessary steps you need to do? I keep receiving these questions quite often. So let me give you my five proven steps. I’ve been doing really well with them in my own trading, so I believe they can help you too.

Step #1: Questions
You may or may not like it, but successful trading is about the ability to come up with new, fresh ideas. Fortunately, it’s not as difficult as it sounds. All you need to do is to keep asking this question: “What happens if… ?” What happens if I buy when the RSI indicator is overbought instead of oversold? What happens if I start moving my stop-loss according to my moving average? By asking the “What happens if… ?” question constantly, you start to move forward really fast and I can guarantee you some of your ideas will be sooner or later really big winners.

Step #2: Robustness testing
Most strategies are crap. That’s the fact. But how do you know which ones aren’t? You can always find it out through extensive robustness testing. What does it mean? In my case it mainly means three things: A) A good strategy can easily adjust to changing market conditions. An extensive walk-forward testing is needed at this stage. B) A good strategy performs reasonably well in other markets. C) A good strategy has been developed only on a part of all your historical data and performs well on the rest. To be very honest with you, about 95% of all my strategies never pass my robustness testing criteria, but when they do, it’s time to move to the next step.

Step #3: Portfolio
One strategy will help you learn, but a portfolio of strategies will help you grow. You don’t need to have a big portfolio at the beginning, but even three strategies are much better than just a single one. Remember, if you want a smooth equity and a steady income from your trading as soon as possible, the only way is through diversification and portfolio. Very few people are aware of this and even fewer spend significant time by modeling different portfolios. I personally spend a lot of time trying to find out the best way to combine my strategies together to make a really good portfolio.

Step #4: Position sizing
Let me ask you a question: Do you want to make it big or do you want to stay small? Because if you want to make it really big, then you need to start seriously thinking about position sizing. This topic can be pretty complex, but it can be also extremely rewarding. So, where do you start? I highly suggest reading Van Tharp’s book “The Definitive Guide to Position Sizing.” You will learn a lot. Personally, it has moved my trading to a whole new level.

Step #5: Persistence
Listen, it can be done. It doesn’t matter what education you have, how old you are, or even how confident you feel at this moment. I’ve seen many people succeed. I’ve seen traders making it from zero to quite a nice living, and that’s why I believe that you can do it too. Yes, it does take some time, effort and learning, but once you’re finally there, it’s all worth it. So, stay persistent and mainly never give up, and that’s really all.

How to Use One Day Patterns in Your Trades

Every trader should be aware of one day patterns. However, because of their simplicity, traders often overlook them. By using these patterns, traders have a clearer picture of the direction that the market may be moving. Among the several one day patterns, I will discuss two specific patterns that relate to the chart gaps that I discussed in previous articles.

The most uncommon of these two patterns is called the key reversal day pattern. The criteria for this pattern is not as flexible as the criteria for the simpler reversal day pattern. The difference between one and the other is small, yet significant. When your candlestick reaches a lower low and a higher high accompanied by a higher close an upward reversal is developed. Conversely, when a higher high and a lower low accompanied by a lower close, the reversal candlestick is considered to be downward.

Key reversals show significant market moves in the opposite direction of current trends. Not only do they show the inability of the market to keep the upwards/downwards move to new highs/lows, but also the development of new lows/highs in the opposite direction.

The reversal days are very common. In the simplest of terms, when a candlestick reaches new highs and closes at a new low a downward reversal is developed. On the other hand, when a candlestick reaches a new low and closes higher than the previous day, an upward reversal is developed.

The rules for the reversal days are somewhat flexible, but can be extremely valuable. On a bull market, the new low closing may mean that the bullish trend is coming to an end and that the buyers are ready to take profits. The opposite is true for a bear market, where a new high closing may mean that the sellout is about to end and a reversal of trend may develop. These moves are important as you, obviously, don’t want to be caught in the opposite side of a trend reversal.

Neither of the key reversal days or reversal days should be used as your only indicator. You should use them with other indicators to confirm reversal in market trends. When you look at patterns over one or two days, that may greatly assist you with your trades. You should always look for indications of changes in market sentiment and both kinds of reversal days should assist you with determining these changes. When used with the different gaps, whether it is the exhaustion, the runaway, or the breakaway, these two indicators can certainly help you with your decision of whether to trade the market moves.

Know the Different Times of the Day to Make Profits

Did you know that the tendencies that occur in U.S. stocks can be broken down into sequential order for a “usual” trading day? While reviewing this information, remember that the times listed are approximations, which means you can’t expect to see a pullback/reversal each day at the exact same time. What you will see is that the pullbacks are common near the times listed.

Each of the times listed here are present in Eastern Standard time, with opening taking place at 9:30 AM and the close being at 4 PM.

The tendencies are also based on the index movement, which is actually an average of several stocks and there may be slight differences in some cases.

9:30 AM
Opening time/bell is also when there is a push in a certain direction. The price may also begin to whipsaw to and from a few times, but in most cases, one direction is going to prevail.

If you don’t see too much movement in the initial 15 minutes, it may be a slow day overall. The initial hour is the most volatile time.

9:45 AM
The dominate direction that the price moved in is usually the initial test. There’s either going to be a noticeable pullback or a complete reversal of the trend.

10 AM to 10:30 AM
This is another time when the “gut check” for the trend is going to come into play. This is when another major correction against the existing trend is going to occur. It can be a full reversal or a pullback. You can look at the context of the actual price moves to determine what to do.

11:15 AM to 11:30 AM
The London stock market will close at 11:30 AM ET. Between this time the European traders are getting out of their positions, which is when a new low or high is created or tested. These are usually the last significant moves prior to the price settling down over lunch.

1:30 PM to 2 PM
This is when the trends are most likely to be reasserted. Watch out for a breakout during this time.

2 PM to 2:45 PM
There isn’t too much to watch but you should be wary. It is getting closer to the end of the day, with many people shuffling for their positions.

3 PM to 3:30 PM
The trend may swiftly change during this time. In many cases, the period is a “shakeout” when individuals may begin to try and reassert themselves. In some cases, you can make money, but don’t count on it.

3:55 PM to 4 PM
Unless you have a certain strategy in place for trading in the last few minutes of the day, then you should finish up three to five minutes prior to closing. The US markets are going to have a closing auction and everything is done in a single transaction, which occurs at 4 PM.

What Forex Signal Providers and Forex Mentors Really Provide!

As you may have reached this topic by chance, a Forex expert trader has first engaged into the Forex World by chance too!

A Forex junior trader who would be a professional trader in the future would probably pass through a few stages, starting from the first acquaintance on the Forex environment, by passing through scattered information about Forex on the internet, reading some Forex Books for a while then taking decision to start trading.

If you have reached this stage, you have just started your Forex trip, and any Forex expert trader would then strongly advise you not to trade with your real money, this is an advanced stage, you can test your trading skills after adequate learning about Forex on a Demo account, while this doesn’t really reflects what would exactly happen if you started trading on a real money account, but it could give you a general idea and recognition of the Forex market environment and behavior and how you would react to it.

Many failures may occur starting from now, and many Forex traders at this stage choose to quit and look for another source of income, but that Forex expert trader didn’t!

Others may would doubted know the real Forex and think to try some Forex mentors to get some advanced information and tactics about Forex Trading, these Forex mentors are many but not all of them are useful, the provide various kinds of services depending on the honesty and level of experience of each of them, services provided by them include:

    • Forex signals: These are periodic Forex Market reflective alerts, sent to the service subscriber in time to recommend buying or selling a certain pair of currency, this is so useful for those who don’t care about knowledge or taking decisions and just willing to start a profitable career, but this is a kind of dependency with its known disadvantages.A Stop Loss and Take profit values are so important in a Forex Signal, if not, the Forex signal would be useless for you, Some providers don’t include the Stop Loss or Take profit in their signals arguing that their signals are frequently updated! Omni Forex Signals is one of them.
    • Trade copying: This enables you to have the service provider live own trades into your account Vladimir’s Forex Signals provides this feature in an automated form.
    • Live Trading community: The service providers also can offer a private room for the subscribers where they share their trading strategies, market analysis and trades with them Vladimir’s Forex Signals has a premium Live Trading Room too.
    • Forex Webinars: These Forex webinars are very important tool that makes you so close to the way a webinar admin thinks and takes decisions trading live while you can ask him any question in the chat box, Investor Inspiration, Daily Dollar Trading Prediction and Vladimir’s Forex Signals have their own expert traders Forex webinars allover the day.
    • Downloadable Educational Tools: Some Forex Mentors allow their members to access a prepared collection of educational videos and Forex books online and download them to enrich their knowledge, Forex Mentor PRO has a huge library of such educational media.
    • Downloadable Trading Tools and Metatrader addons: Some Forex Mentors like Forex Mentor PRO has its own coded trading tools that the give access to them for their subscribers, these tool could be very useful.
    • Programing Service: This is a bonus feature that not all signals provides have, if provided, they can convert your own strategies or trading ideas for you into an automated tool to be applied to Mt4 platform and runs your trades automatically, Vladimir’s Forex Signals provides that feature.
  • Shared Real Accounts: This is a bonus feature too, it’s simply a Forex account traded by a group of experienced traders with its revenue divided on all the service provider Vladimir’s Forex Signals have a Shared Members’ Real Account too.