I received an interesting email recently from a 11+ year experienced index futures trader who wanted to know if a particular program would enable him to take his trading to the next level.
At first I wasn’t sure which program he was referring to and also at what level he was trying to get to, let alone which level he was currently at.
I have spent an awful lot of my personal time putting together a 69 minute video for traders that I believe will open the door to understanding how to trade successfully.
This video is a trading system I call the 4 T’s trading system, and in this video you’ll learn the trading system itself, the rules and how to trade it. It will also show you I apply leverage to it, but more importantly how to use leverage with the trading system to achieve a goal or objective.
However it doesn’t end there. By the time you have watched this movie, I believe you will be able to take any trading system, not just the 4 T’s system and use it to achieve your goals. If you already have what you believe is a work-able system but are unable to make it work, this may answer your problems.
If you do have any questions after watching the video I urge you to send them to me, via the question form link which you’ll also find on my blog. I plan on answering any questions regularly so do send them along.
It is quite long, so make yourself a cuppa and enjoy
http://financialmarketfisherman.com
To your success
Dean Whittingham
Forex is the common word used for Foreign Exchange, and is sometimes referred to as FX or Currencies. In the Futures markets currencies are bought and sold like any other commodity, but in the FX market, they are exchanged with each other, hence the term Foreign Exchange Market. This post will look at the Foreign Exchange Market.
If I am in Australia and I wish to buy US dollars, I will sell AU Dollars in order to do so. Therefore, I become a participant in the FX market. FX participants vary and may include tourists, shop owners, tellers, importers and exporters, banks and other financial institutions, fund managers, traders and investors. The FX market is open 24 hours a day and starts in New Zealand at 9am Monday morning their time and finishes the week in New York at 5pm Friday EST.
What are CFD’s?
I had planned on doing a post on CFD’s in the near future as part of a series on the many products available to traders, however I have moved this forward in response to a comment made on this blog asking to explain what CFD’s are. Brian did give a response but asked me to expand on it for the benefit of all.
The term CFD stands for Contract for Difference, and it is essentially a contract between you and another party (the provider), where by you settle the difference between the purchase price and sale price of the contract. If your sale price happens to be higher than your purchase price you make money, likewise, if your sale price is lower than your purchase price, you will lose money.
If you hired a coach to help you build a trading business, and your coach asked you how much time a week could you devote to trading, what would your answer be?
Now is the heart breaker. Take your ROI% PA figure you are aiming for and write it down (if you haven’t read the previous post on determining if you need to trade, please click here and read it first). Now next to that, write down the number of hours you can allocate to trading. Now compare your results to the table below. Do they match up?
Once the decision was made to found The Elite Insiders Group; BJ Dibbins, Dean Whittington and myself (Sean Rasmussen) got into action to put this blog together along with The Elite Insiders Group membership forum. The first question we posed was of course: What are we going to do that is unique to the rest of the market?
Well, that was a good question and we put our heads together. It really didn’t take long at all to come up with the way we were going to help the average stock maket trading “beginner” to get established in their learning path to trading the market successfully.
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