How to Become a Successful Trader

okay welcome everyone to uh the Forex Trading Made Simple sort of webinar now the idea of this webinar is just to make it sort of quite simple um or simple explanation on how to to make your trading uh easier okay the biggest problem we've found over the last few years is everyone is trying to over complicate their systems or their trading strategies looking for the edge but what that's doing is it's actually making it harder to trade all right now now just first off bit of a formality myself my name is Brad Gilbert I'm the CEO of Traders for Traders we were established in 2009 we've got a um experienced Investment Bank team in London uh and Sydney we're adding a couple of guys in New York as well so we're a specialized Forex education company our experience is primarily in the Forex market for the last 25 years and that's hon us so the team itself would be well over a cumulative 100 years of experience myself I was chief of City Bank TD Securities and commor Bank of Australia I was head of some major trading team so we sort of eat live and breathe the Forex Market okay now let's get uh into the into the nitty-gritty bit this is um going to be quite relevant for most of you now how do you become a successful Trader okay um your training or your performance really depends on your training and what strategy strategies you use and how to use them so what you really need to be looking at is you need to trade with the strategies the bankers use all right okay now let me just go into the this is the simplest strategy that you can actually employ it's the end of day strategy okay which should be at the top of your list for strategies every day you come back to the market now this strategy is set up technically but it's primarily for those that have full-time jobs okay probably also for those that um a little bit time po but also those with with not as much experience because it's the first strategy you should really learn and put your orders on the market now what's the plan in general okay so every strategy every Trader in the market it's quite simple right try and buy low and sell High okay but as we know is Traders it's a little bit harder done than said you know making sure those top losses are in the right spot making sure you're not out before it hits those levels is very important but just as important is also making sure you have those take profits in the right Zone as well so the end of day strategy works for all currency pairs okay whether it's the major currencies or the crosses it's actually very simple all right and that Simplicity allows you to trade in all market conditions okay whether the Market's being a little bit tricky whether it's uh a little bit more vola Hall whether there's major events going on or whether it's just normal market conditions you can take advantage of all opportunities because this strategy is revolves around the technical side of the market and the I the plan of this one is to identify and then execute now most people who are sort of new to the market or don't have as much time to um to go through their analysis okay they don't have as as much confidence in their trade plan they rush things when they see opportunities they hesitate and they forget to put the trade on there's no execution there's no money okay what that leads to is General performance anxiety you end up putting trades on where the structure hasn't got any structure at all so what's the first thing you need to do well very importantly for all strategies is you got to look for entry levels all right the number one thing is identify the key entry level this is the starting point for your low risk high probability Trading opportunity now where are the answers okay well I'll give you something here the answers are on your charts okay these charts they actually are talking to you if you know how to read them you know and this is without any indicators okay this is where you'll find those lowrisk high probability uh trading opportunities and that's where the cash is it's really simple it's it's in the background of the actual charts themselves and this is where the training for this strategy okay really comes into play and so I know a lot of people look at charts right and they put orders on all over the place and you know hit and miss hit and miss the big question is do I buy or do I sell right this is the same situation you're asking yourself every time you put a trade on okay what you want to do instead of just sort of running around putting orders all over the place what you want to do is isolate the best opportunity and that's what the end of day strategy does it isolates the best opportunities and then once you've gone through a basic uh checklist right the strategy the end of day strategy checklist you go through these key factors then you should exactly know which currency pair to hit and which way you should be would should be trading whether you're buying or selling it simplifies the process and takes your emotional uh side out of it so once the opportunity is identified it's quite simple you just put the order in the market that's all you have to do it's like basically have a look yes that's a good opportunity boom put the order on and you're set okay there's nothing more to do so don't waste your time staring at the market once you've done that right this is the biggest problem for a lot of Traders is they actually change their lifestyle to fit into trading this strategy allows you to you know whether you continue to work full-time whether you've got um other things that take you away from the computer right don't worry about getting stressed out okay you don't need to stare at the computer what you can do is once you've put the orders on and you've identified the opportunity check your positions from your phone okay just about every breakage firm has a mobile service okay a mobile app you can check the currencies you can manage the positions from your phone but you don't want to do that too frequently either once the position is kicked in you want to check the position every three or four hours give it a chance to move all right this is going to take a lot of stress out of trading itself and a lot of wasted time sitting in front of the screens waiting for these moves to come along all right that's the biggest I mean it's it's a misnomer your performance is not correlated with the amount of time you spend in front of the screens in fact it's probably the opposite right the longer you spend in front of the screens the less things you can see the more board you get and generally the more you put on stupid trades and there's your Capital gone when the good opportunity comes up you either can't see it or you've got very little cash to take advantage of it and that's what the problem is for most Traders now this is a a couple of um Clips here of of where these strategies come into play the end of day strategy on the Euro has been um very fortuitous on these opportunities here I mean as you can see there's the first move there 250 points the second move 150 points from the High to the low and the third one there around 180 points now this strategy will get you into the trade it doesn't mean you make 250 points but what it does is it shows you that there's there's the cash if you let the trades run as long as you can or try and maximize opportunities then this is where you're going to make a lot more money right we're talking bigger points and as you get more successful you're putting bigger amounts of capital on these opportunities okay so talking about Maxim ing profit potential here's an example where the same chart same Euro okay this is where you need and the strategy really comes into play with um optimizing the potential of the opportunity now let me just give you an example now with the strategy itself you can set the general parameters but these are the general parameters we use for following uh trades once they are kicked in using this strategy okay once your 35 points in the profit you want to move your stop loss to break even okay then you've got a no risk trade on but this is where the most people fail they take their cash and take profit and just walk away from the market you've got to leave some risk in the market right once the the trade is 60 points in profit this is the time to move your stop loss okay to make sure you do lock in some cash so at this point in this example you're moving your stop loss to 35 points in profit okay that should give you the confidence to let the trade run further okay worst case scenario is you make 35 points still not a bad trade when it gets down to 100 points this is where things can start to move very vigorously okay once you're 100 points in profit okay you can activate the trailing stop loss and say in this example of 50 points behind the market okay then you can actually sort of let the whole thing run you know worst case scenario is you're going to lock in 50 points but as you can see in this example you don't know how long these moves are going to go for and the whole move from start to finish is around 350 points okay so you going to take profit around 300 to 320 points if you're watching the market if you're not it'll be around that 300 obviously trailing the market by 50 points so what it does is it allows you to maximize The Profit potential right without you staying at the screens a long period of time now the best feature about this this is why I was saying initially this this structure is very good for um uh Traders with full-time jobs and I can tell you 95% of our clients do work full-time okay they don't have all Daya sit in front of the screens they have an Optimum period of time or a short period of time to analyze then you place the orders in the market and then let the currency do the work for you this is even if you're on holidays right if you're going away it's even probably better and the situation where the Euro keeps topping topping out around 110 sort of 35 to 5050 okay well you're placing multiple orders Here Sell orders we know the currency is going down you're looking to take advantage of the opportunities when it gets back to these levels the strategy identifies the location of the entry points and then you put the orders in play and as you can see in this example here right there's um you're looking at 100 100 plus uh points here each time it gets back to these orders and funly enough there's no change in the market you don't need to sort of Chase the market okay it'll come back to you and then you get these opportunities and you're taking 100 points out of this thing every time it comes back there's only one here the third um time it gets to the top here where the the drop is is more or less like 50 points 50 60 70 points okay still not a bad um earning on the day don't forget you're not actually standing in front of the computers watching this you set the strategy up okay it enters the trade for you and then takes you out at the other end whether it's a stop loss or a take profit all right now funly enough you're going to work you want to make money all of a sudden trading becomes fun this takes the stress out of trading from you sitting in front of the screens all day okay wondering uh am I in the cash out of the cash the system takes care of the order structure for you you can finally relax and then let the cash roll in this is where you need to be okay your confidence generally comes from making money okay that's where you get more confidence in your whole trading system and your strategies and this strategy alone will set you up to be confident and relaxed now the most common question we get regarding this uh end of day strategy is how much time do you need to commit all right well it's very limited time okay 20 or 30 minutes a day that's all you need right you're looking at the market analyzing identify the opportunities go through your checklist make sure you know whether you're a buyer or a seller and when you have that definitive signal you place the orders in the market and then go about your day turn your Systems off and then um enjoy yourself and that's what trading is trading Made Simple right this is this as I said this is the simplest strategy you can employ um so you know if you want to start making money start to get into this right and there's no better time than right now now at the end of the year if you want to make a difference in 2016 do something different to what you've been doing before there's no point banging your head up against the wall and going in with the same strategies right get some knowledge get some structure get a new strategy and start making money straight away all right now just as a Christmas uh special from the Traders for Traders team we've bundled this um deal up into a um a uh a nice structure it was originally wh uh 299 okay this uh for the Christmas period we are going to make this 199 bucks um I mean as it is a lot of people have been asking is can you just give us the strategies instead of giving us the full the full training okay so with this 199 bucks um you get easy to follow training videos lifetime access to the material okay there's detail instruction on how to identify the the trade checklist and you'll also get a support forum for additional help as well so once again this is the probably the one strategy it is the simplest and will simplify your trading strategy and give you an extra um well an extra sort of COG in in your trading wheel to take money out of the market continuously and that's where you need to be all right so that's pretty much it guys the wasn't going to be a long presentation uh I just want to explain to you the the ins and outs of the end of day strategy this is one that as I said will make your trading a lot simpler and hopefully a lot more rewarding than uh previously now any questions from the floor as we go from this all right now all right usually the first question we get which is always the same now what um generally when you're looking at the charts what charts are we looking at now I'm happy to sort of give you this simple information because it it is I would think it's it's pretty simple but a lot of people are looking at different charts we look at the 1 hour bar charts and we don't go beyond that we don't go down into 30 minutes 15 minutes or 5 minute charts right the investment bank community uses one hour bar charts and that's what you need to be focusing on all right okay another simple question okay yes that's right so one of the questions is if it is the end of day strategy well it is also the start of the day that's exactly right the end of one person's day is the start of the new session going forward so you can really be looking at this strategy to put it into play either in the morning before you go to work or after work when you're actually finished right and that allows you to continue on with your day whether you're working whether you're going to the beach walking the dog playing golf doing all the the fun things that you want to do you're going to reclaim a lot of Lifestyle by using this strategy and it should be very rewarding as well all right couple good questions there all right guys well that's uh pretty much a wrap for me this uh as I said this offer is available I think uh until um the 24th just before Christmas you can take advantage of this offer once again we will send you an email shortly with the uh details okay and a bit more information about the strategy and then you can uh work out whether it's good for you or not okay and as I mentioned the team here at uh Traders for Traders wish you all a Merry Christmas and a prosperous trading New Year all right thank you for joining us we'll catch you later on cheerio