Binary Option Alliance

Your Edge To Success

Month: November 2014

Struggling with trading?

I often get emails from traders who are struggling.

They come across me on the web and email me asking for advice.

Sometimes they’re making huge losses and sometimes they’re breaking even.

Either way, there’s no real profit in sight.

This post is aimed at the guys who are breaking even.

There are some traders out there who “get it.”

By that, I mean they’ve learned everything about their chosen style of trading.

They have a system to follow.

They’re being disciplined and doing their analysis fully.

But . . .

For some reason they’re only breaking even.

Well, the chances are good that it’s a case of over-trading.

If you’re breaking even then you must be doing something right.

In fact, you’re probably just a few small tweaks away from success.

Let’s face it . . .

Nobody wants to spend a load of time doing technical analysis only to decide that the set ups aren’t there and they have to call it a ‘no-trade’ day.

That feels like wasted work.

We WANT to trade.

Even the most disciplined trader wants to trade.

But . . .

If you have a good strategy AND you’re still only breaking even . . . it’s likely you are finding trades where the set ups are less than perfect.

The solution?

Try only taking trades where the set ups are drop-dead stupid obvious.

By that I mean, where the set ups look so good you’re literally salivating as you check your various confirmations.

In fact, make a check list of what elements need to be present before you enter a trade.

Try it out for a while, record the results and see what happens.

I’m betting that you’ll increase your wins and cut your losses.

Why?

Because that’s how I’ve been successful at trading.

The market ALONE dictates my decisions.

If you want to see my strategy in action, you know where to look.

Happy Trading.

sign off

Can you make a living from trading?

A subscriber asks:

“Is it possible to make a living from trading?”

 

This is a question I get quite often . . . here’s my response:

 

Yes it is possible, but this is not what you should set out to achieve straight off the bat.

 

The key to becoming a full time trader is patience and emotionless trading, so start out by aiming to make a small profit.

 

That is all.

 

Just a small profit from month to month, trading amounts that you can afford to lose.

 

By trying to make a living you are going to be pushing your finances to the limit and this is when emotion creeps in and destroys your ability to think clearly.

keep-calm-and-think-clearly

You see, trading should be reasoned investment. Emotionless.

 

If you have too much emotion tied up in the trades it becomes very difficult not to adopt a gambling mentality (staying in a trade that you should have exited because you want to make more money, doubling up to recoup losses, etc.)

 

It is best to imagine yourself employed to look after this money. You get no bonuses on profit but you could lose your job if you lose money. Then you will take quicker profits.

In the long term, after you have been successful at this for a while your trading fund will be considerably larger than when you started and you can think about taking bigger risks and bigger profits.

 

It all has to happen one step at a time.

 

I can’t promise it’ll all be plain sailing, but through education you can become successful and its a system  that  is PROVEN to work.

trading education.

Eventually, You will get  where you need to be.

“If you take enough steps, in the end you’ll make it.”- Børge Ousland (while trekking to the north pole)

I am here to help, I can only do my best to help people achieve the  goals they set for themselves, I try keep it simple as possible.

trading education-quotes-albert-einstein

I want to help you become a successful trader, but you have to make the first move.

You know where to find me.

 

Trading Observations

I have an observation for you . . .
trading observation

Sometimes I get emails from people who are drawn to trading because they need a way out.

They’re attracted to it because they either hate their day job or need money or just want an easier life.

These people do succeed sometimes . . .

But most often they find it hard to stay on track.

Their journey is usually derailed before they reach their end goals.

Why?

Their desperate need to achieve the end result clouds their judgement.

It makes them jump from strategy to strategy.

These traders succumb more easily to the lure of easier/more profitable methods that ultimately pull them further and further off course when they don’t work out.

But trust me on this . . . .

Short cuts are the enemy!  

The traders who always seem to do really well are the ones who love it.

That’s right, the traders who actually enjoy the process of trading.

They enjoy learning about the markets.

They enjoy performing technical analysis.

Sure, they have bad days.

Sometimes they have REALLY bad days!

But overall there is something in them that LOVES being in the markets.

It’s in their blood.

And this is why they ALWAYS rise to the top.

I can usually spot these traders a mile away.

They tend to be the ones who work hard and long for the results they desire.

Essentially, they’re like me.

They love learning, reading the market and honing their skills.

Which camp do you fall into?

Are you here just for the cash?

Or are you here to make the markets your own personal playground?

If you’re here just for the cash I recommend you try to adjust your attitude a little.

When your focus is the almighty dollar, you can end up losing the game.

Your focus shouldn’t be money, it should be to become the best trader you can possibly be.  

The money flows AFTER that.   

Make sense?      

And as always . . . I’m here to help you become a better trader (if you need me?).

#Thanks for tuning in.
Cheers
sign off
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IMAGINE

Imagine…

Imagine a future where . . . You live in the house of your dreams. You dine at the best restaurants in town. You take long expensive luxurious holidays. Your family’s future is financially secure and you certainly don’t need to waste your time with a 9-5 job because money is abundant. Does that sound good?

quote-William-Arthur-Ward-if-you-can-imagine-it-you-can-36189

Well trading can give you all this and more, but it doesn’t come easily. Yes, I hate to say it, but if you sincerely want to “make it” in the world of trading then you will have to learn to think and act like a professional trader. There’s really no other way around it. I know the sales pages of those robots scams, trade copiers and magical indicators are tempting but let’s just get real for a moment. The vast majority of the successful traders I’ve met did it by learning how to read the markets.

They learned how to interpret price action. They had a plan (a trading edge) that worked and they stuck to it until they got the results they desired.
I trade when I have a high probability of winning and I sit back and watch the market when the probability does not fall in my favour. I treat every trade like my life depends on it. I am not a gambler. The markets are not my casino. This is my business. Risks are calculated and managed. Discipline is required. I know that becoming wildly successful at anything isn’t necessarily easy, but it is worth it.


 

Still interested in Trading software?

If you are interested in trading software -there is one product that I will endorse and that is Semi Auto Signals

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Semi Auto Signals is a high performing signal service and offers an accuracy of rate of 72% . Used Correctly Semi Auto Signals can generate an even higher ITM rate and it is certainty easy to maximize your profitability with this trend indicator. Semi Auto Signals  has grown in popularity very quickly as it offers traders one of a kind semi automated trading analysis that does not force traders into positions without their approval. Semi Auto Signals supplies a multitude of signals  and fully user custom trading amounts for multiple assets in Real Time time with exceptionally high accuracy.

 

 


 

How to use Semi Auto Signals to generate 92%+ ITM

 

There are a few things to consider while trading with Semi Auto Signals if you are wanting to optimise the software and filter out the signals that have a lower probability of being profitable.

1. News releases- always check the latest news releases on either forexfactory.com or on the economic calender which can be accessed via my RESOURCES page here.

2. A.D.R- Average daily range- which is the average amount of points/pips the market moves on a daily basis. (in order to calculate whether or not the market has room to move up or down)

3. A.T.R- Average true range- which is calculated by assessing how much the market has moved in the last 4-5 hours (in order to give an idea of how much the market will move in the next couple of hours)

4. Swing symmetry- swing symmetry is basically the amount of pips/points the market moved during its most recent swing,( most recent high-most recent low) this will also give you a general idea of what sort of time frame you should be trading in.

5. Trade between 5;45 am-7;45 am EST or 9;45 am-11;45 am GMT- this is the time when the markets tend to behave in their most Uniform nature, therefore they are more predictable. Look for western chart patterns such as ascending triangles/descending triangles to position yourself correctly into a trade.

 


 

Interested to know more about these trading terms and how to trade profitably using SemiAutoSignals?

Stay tuned by subscribing to my blog, I will be reviewing SemiAutoSignals in greater detail and explaining the techniques used for analysis of the market  as well as going into more detail about the terms

A.D.R (average daily range)

Swing Symmetry

 A.T.R (average true range)- 

Subscribe today and find out how you can use this information to better your trading!

 

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