These 2 Astonishing Forex Discoveries Were Right Under Everyone's Noses

Those of you who have been following my teachings know how much I LOVE TRADING!  Even though I have a solid set of methods and techniques I use for my own trading, I’m constantly tinkering around in my “trading lab”.  Besides spending time with my family, it’s what I like to do in my spare time.  Some people like to play golf.  I’d rather be trading.

Now, because of my position in the trading education community, I am approached quite frequently by other traders, systems developers, companies, you name it.  Many of them send me evaluation copies of their programs and methods to get my professional feedback and opinion.  Some of the material I receive is quite good, but honestly, most of it is incomplete.  The reason I tell you this is to impress upon you the amount of trading material I have in my personal library – I have a TON, and I believe I’ve seen just about every type of program on the market.

In reviewing all this material and in examining all the questions I’ve been receiving from my readers and students about Forex, I made two key discoveries that were astonishing to me.

First, there seems to be a flaw in the perception of how money can be made in the Forex markets.  And the flaw is this: it seems that 95% of all Forex traders only think they can make money day trading these markets.  It actually may be higher, maybe 99%.  This perception is very dangerous, in my opinion, because not all traders are psychologically equipped to handle day trading, so they get in over their heads and get eaten alive until their trading accounts are emptied within a few minutes or hours. I’ve seen it happen, and it’s not a pretty sight.

I’ve already told you my opinion on day trading – it’s just not for me.  If you prefer that style of trading, then more power to you (I can even recommend some great day trading Forex courses).  But the vast majority of my readers have told me time and time again that day trading is not for them, either.  And that’s great news…

Why?

Because the other discovery I made was how to treat the 24/7 Forex market as an end-of-day market.  This removes all the stress and strain associated with trading on a 24 hour basis.  It’s often been said that if you can’t make money trading on an end-of-day basis, you’ll never make money day trading.  I tend to agree.

But it gets even better…

Continue reading...