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FOREX TRADer
SECRETs report
Contents
What is Forex?
Why Trade Forex?
How to Enter Trades for Profit
How to Manage the RISK PRECISELY!
11 CRITICAL Steps for Timing Entry and Exit Points
Psychology and Price Action EXPOSED
Sssshhh Dont TELL ANYONE ABOUT THIS!
PLUS
Now...
For the first time ever I have decided
to spill my guts if youll excuse
the expression. Up until now, only
a small group have been able to
access these strategies. We restrict
ourselves to running only a small
number of seminars per year, and
everyone we teach undergoes a Live
trader coaching programme to ensure
they start and continue to trade
successfully.
So now, I want as many people
around the world to benefit from this.
In this report I am taking a few of the
most important principles that I have
learned and I want to share them with
you FOR FREE!
Forex Trading Pays Off: Greg Seckers Project Aston Martin DB9S
However, if you just want to grab the
tools for FREE, presented here in this
document... be my guest. Seriously,
no love lost. Take them with my
blessing and pass them on to your
friends. I have nothing to lose.
If you are serious attend Ultimate
Forex and have your hand held
through the trading process and
do what I did STAND ON THE
SHOULDERS OF GIANTS - there
is no substitute for live one on one
trader coaching with strategies -
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Anyway, without
further ado... lets
get STARTED!
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3309.98
3390.03
38.51
08:25
1.4329
1.8091
1.4332
1.8094
-0.0285
-0.0353
08:28
08:28
However in the Forex market, the spread is unaffected by market conditions. The spread is always fixed, so you
always know exactly what prices you are dealing at. Why? There are, as said before no size restrictions in the
Forex markets.
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in the pair is the TERMS and this tells you what the how
much currency you could buy for 1 unit of the BASE
currency. For example, if EURUSD is trading at 1.3710,
it means 1 Euro is worth 1.3710 US Dollars.
EUR / USD
Base currency
Terms currency
Trade in the Direction of the Trend Wait for the pull back.
We must never trade against the trend. Whether we
are trading currencies, stocks, commodities or the
indices we must always trade Long (Buy) when the
chart is moving upwards and Short (Sell) when the
chart is moving downwards. To consistently reap short
term profits and I mean very healthy profits that you can
more than live off, we need to make sure our trade entry
meets the following objectives:
1) W
e are trading in the same direction as the trend
ALWAYS!
2) We wait for the trade to pull back, i.e. if the stock is
moving up, let it retrace to a level and bounce
3) The bars (price bars) are small in length not overly
elongated i.e. volatility and hence risk should be
small.
1. Retracement to moving
average, major/minor
support or trend line
2. Reversal
Bar
4. Moving Averages in
Direction of Trend
3. Trend
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1. Undersized
Reversal Bar
2. Volume into
the move
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1. Pick a stock
3. Execute trade
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Reward
Risk
:1
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If the target profit price is at least three times the risk then the trade makes sense. If not, look elsewhere. You may
well be right, and the share may well go up, but trading like this is too risky and will most likely lead to failure.
The Common, but serious mistake that many full time traders Make and How to Avoid It!
OK, so weve decided that the Reward outweighs the
Risk, great news. Now the next important question:
How much money should I place on the trade?
Sadly, most novice and full-time traders alike make a
grave mistake at this important fork in the road. Most
traders simply pluck a number out of thin air or worse
still lazily choose the same amount on every trade they
place big mistake huge!
This is a classic MESS-UP. Ask your novice,
intermediate or semi-pro, not what instruments they are
buying or selling but in what quantities - the answer you
will get in most cases? A blank stare
In fact I once coached a guy, (well call him Punter Pete)
who would always spread bet $40 a point on any trade
he traded.
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= $2100 LOSS
= $2700 PROFIT
NET
= $600 PROFIT
So, using this strategy, you can still make profits since your winning trades outweigh the losses from a larger number
of losing trades.
Heres the Magic Formula:
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Psychology and
Price Action - EXPOSED!
The rules we learn from our daily lives are just so very different from those in the trading world and its the reason
why we are practically hardwired for failure from the start.
For example, throughout life most of us associate the following Exciting = Good (think Casino hall versus
Examination hall).
Apply this to the trading world and it spells disaster. People mistake potential trades that are exciting-looking and
moving for profitable ones. Put simply, if a trade is already moving its too late. It has already moved and therefore it
is time for you to move on!
Yes! Yes!
Yes!
Profit = $1000!
Enter Trade!
($50/pt)
Exciting &
social proof
Exciting
Profit = $50!
Loss = $1200
Painful Exit
Loss = $2400
Boring
Amateurs wait for trades to prove their worth by moving excitingly (the same way people are seduced into casinos)
our intrepid trader jumps in only to see the position reverse and almost immediately run into a loss.
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Psychology and
Price Action - EXPOSED!
The answer?
Never enter trades that are currently
moving quickly, look for trades that
are about to breakout and enter for
a low risk entry following a pull back,
and try to place your stop loss close
to a consolidation.
Another rule that doesnt work very
well in the trading world is Time =
Money. If we are seduced into trading
off a tip or getting into an exciting
trade and we make a quick profit it
is often very easy to imagine that we
are in for a big win.
For example, if Punter Pete makes
a quick $1000 from a 20 point move
on the EURUSD at a bet size of
$50/point in only 20 minutes then
its quite conceivable that his profit
expectations from the trade will be in
the order of $3,500 to $4000. Why?
Because he, like most of us have
been conditioned to believe that time
is directly related to money and with
his $1000 potential profit, he decides
to wait a while longer to see if he can
squeeze any more profit out of the
trade.
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Psychology and
Price Action - EXPOSED!
2. Get a mentor.
Just like learning to drive,
you need interactive regular
feedback on your trading skill.
Many people over estimate their
ability early on. Remember what
trading strategy works today
may not work tomorrow so get
around people that navigate the
terrain daily and can coach you
one-on-one.
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Sssshhhhh
Dont TELL ANYONE ABOUT THIS!
Long $10/point
Trend
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Sssshhhhh
Dont TELL ANYONE ABOUT THIS!
After the trade has moved into profit and we have reached breakeven we can now look to build the trade.
When a breakout long goes in your favour, consider adding to your position the moment it has cleared intraday
volatility.
Add $5/point
Add $5/point
Long $10/point
Trend
Why?
If the trade goes against you (hits stop) your loss is tiny bet size is small
If the trade goes in your favor, you are:
1) Already in profit and now milking it
2) Protected as your stop loss is clear from volatile swings.
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I am constantly approached by
intermediate and novice traders at
trading shows and exhibitions asking
for help, tips, the latest strategies
- you name it. They ask me to
sign books, discuss strategy and
generally geek-out on the subject.
These people often love to talk about
trading, but they dont really do
much trading, and therefore arent
making money.
The question I always hit them with
is this. How much money do you
want to make from trading?
Stunned, the answer I usually get
from people is one of two possible
either Erm, LOTS!? or Hmm, I
dont know. The problem with both
of these answers is they have no
direction. When the human mind
has no direction, there is little action.
Success in this business demands
action, consistent action - if only for
30 minutes a day!
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2) What do you get if you had true financial independence in your life? List everything out. (What does your
ultimate dream life look like? Where are you? What are you doing?)
3) How would you feel if your answers to (2) above were your daily reality?
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5) Why is it crucially important that you take action right now? What will it ultimately cost you if you do not
equip yourself with the tools to make this a reality and take action?
3) How would you feel if your answers to (2) above were your daily reality?
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This
is
where
you
WANT
to
BE
Vertical
time.
24
hours
CRISIS
TIME
And Vertical time is defined as 24 hours, or CRISIS time. In other words, looking at the above diagram
most people try and fix their life (get to where you WANT to BE) in one foul swoop they wait until things
are uncomfortable enough and then try and fix everything in CRISIS mode.
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Inexperienced Traders trying to make a $1000 a day on a $10,000 account is a classic example. Whereas, in
horizontal time, ordinary things done consistently produce extraordinary results i.e. just 30 minutes a day, done
consistently produces amazing results.
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TRADE
TRADE
TRADE
TRADE
TRADE
Normal Work
FREE
TIME
Normal Work
FREE
TIME
Normal Work
Morning
FREE
TIME
Normal Work
Lunch
FREE
TIME
Normal Work
Evening
FREE
TIME
Monday
Tuesday
Wednesday
Thursday
Friday
Standing on the
shoulders of giants
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Pre-Programme Set-Up
Everything you need to have setup before you attend the programme so you can
start to make money immediately following the programme, including:
Pre-training support, installation and configuration of all the tools you need to
become a successful trader (whether full or part-time trader)
Full Software Set-up Including your trading account & charting software package
Training DVDs Including Live Trades, so you can witness what you will be doing
after your training and how to consistently take your profits.
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More Information
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My objective is a No FLUFF
policy. There are too many courses
available that spend a large
portion of time teaching you basic
information that is freely available
on the internet, with a sprinkling of
half-baked, half-tested strategies.
Knowledge to Action is about
answering this question
Show me EXACTLY how to make
a lot of money trading!
And
1) Leave nothing to guesswork.
2) Show me in a step-by-step
method, so I can copy it
EXACTLY (Leave NOTHING to
Chance!)
3) Make sure the trading strategy is
completely RISK based
4) Produce an income from only 30
minutes a day.
More Information
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More Information
44
Will you be
successful also?
More Information
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46
Success Stories...
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Success Stories...
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Success Stories...
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Success Stories...
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Success Stories...
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Success Stories...
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Success Stories...
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Contact details
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Contact details
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By Greg Secker
Copyright 2010, All Rights Reserved
Disclaimer:
Presented by Knowledge to Action Pty Ltd. AFSL:339557 ACN:138178542
Clearly understand this: Information contained in this product is not an invitation to trade any
specific investments. Trading requires risking money in pursuit of future gain. That is your decision.
Do not risk any money you cannot afford to lose. Trading is not suitable for all persons. You should
consult your professional, licensed, financial advisor before making any financial or investment
decisions. Knowledge to Action Pty Ltd does not give advice. Knowledge to Action Pty Ltd provides
education only. The past performance of any trading system or methodology is not necessarily
indicative of future results, and this does not guarantee profits or prevention of loss.
The purchase, sale or advice regarding a currency can only be performed by a licensed Broker/
Dealer. Neither Knowledge to Action Pty Ltd, nor any of its affiliates involved in the production and
maintenance of these products or this site, is a registered Broker/Dealer or Investment Advisor in
any State or Federally-sanctioned jurisdiction. All purchasers of products referenced at this site are
encouraged to consult with a licensed representative of their choice regarding any particular trade
or trading strategy. No representation is being made that any account will or is likely to achieve
profits or losses similar to those discussed on this website.
This document does not take into account your own individual financial and personal
circumstances. It is intended for educational purposes only and NOT as individual investment
advice. Do not act on this without advice from your investment professional, who will verify what is
suitable for your particular needs & circumstances. Failure to seek detailed professional personally
tailored advice prior to acting could lead to you acting contrary to your own best interests & could
lead to losses of capital.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS.
UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT
ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS
MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN
MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS
IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE
BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL
OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All rights reserved. This Document may not be reproduced or transmitted in any form or by any
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and retrieval system, in part or in whole, without explicit written permission of Knowledge to Action
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