11th March 2008 PRO-TRADER FOREX AND FINANCIAL TRADING

COURSE AND SIGNALS

Why are you limiting yourself to Forex ? .

Just leafing through the small ads this week I noticed that all the systems relate to trading
Forex markets – have you ever wondered why ?

Is there something magical about the Forex markets ? – well I have been trading over 25 years
now and the answer is a simple NO . Forex is just another market to trade where leverage is
available. There are plenty of other equally good additional markets to trade and the methods I
teach and use in my own trading allow me to trade them all – and you should be doing the same
as well – for reasons I explain on the course.

In my December 28th mailing I sent you copies of my actual trading statements for the
previous month which totalled real money profits of over $100,000 – earned in just 4 weeks
trading.

This time I enclose copies of my statements for the last 6 weeks and these total a further
$87,000 of real money profits in my bank account now to spend or save – and you will note
these trades include both currency trades and commodity trades. If currencies are hot I trade
them, if commodities are hot I trade commodities, if indexes are hot I will trade worldwide
indexes – if they are all hot I trade the lot !

The methods are equally applicable to trading any timeframe – you can use them to trade 1
minute time frames up to 1 week timeframes – some of my trades I hold literally for a minute or
two others I am holding for several months.

The point I make is that sometimes better opportunities arise in markets other than Forex and if
the techniques your being taught apply only to Forex trading you are necessarily limiting your
available opportunities.

Many of the commodity markets can now be spread bet and the moves in these dwarf those
available in the Forex Market. For instance in the month of March Palladium rose close to 70%
- yes 70% in just around 4 weeks, In the last year Rice has close to doubled in value, Crude Oil
has doubled in a similar period, Wheat rose nearly 25% in one day last month, the massive rise
in Gold we all know about and so the list goes on and on and we haven’t even started looking
at the indexes yet. The profit potential from these moves is at least as great or greater than is
available just trading Forex. Why not do a course which teaches you to trade all these areas
instead of just one.

As usual I back up what I say with my own trading statements and in the attachment are real
money trading statements for the last few weeks totalling over $87,000.
Also I enclose a note “how to avoid the marketing hype” by the hundreds of fraudulent and
dishonest vendors and or marketing experts out there just waiting to take £500-£3,000 from
you and give you absolutely nothing of value in return.

Good trading

Nigel

Please note the course fee is now £1,250 (March09) which includes the 1-2-1 personal tuition session around 3 hrs
of custom produced DVD videos, 1 months phone support, 3 months email support and the resources disc
containing masses of additional relevant information.

One to one private tuition sessions are run purely for my own interest and satisfaction and not as a commercial
enterprise consequently waiting times may be long and some applicants will be refused.

These mailings typically go out every three to six months if you have no further interest and wish to be deleted
from our list please just return this email.
6 PERSONAL TRADING STATEMENTS BELOW
=
$87,000 real proven profits earned in the last 6 weeks

Using the methods in this manual

COURSE MANUAL PLUS 3 VIDEO DVD’S AND RESOURCES CD

For obvious security reasons the Broker details and some of the customer account
details have had to be blanked out from these statements. In all other respects they
are exact copies of the original statements that are available for inspection in
London by all course attendees.
The same mistakes repeated or Deja vu ...again....and again .... and again !

One of the things about running these courses is that after a time there is a certain element of
Deja vu about novices experiences before they arrived at my door.

It is apparent that most people appear to be making pretty well the same mistakes with regard
to selecting courses to attend or products/systems to buy (and indeed in the methods that they
choose to trade - but that must be left for another mailing). So you tend to meet people who
have tramped along the same old well worn path that leads them nowhere. To be honest 90%
of this industry feeds on that "innocence". So in this mailing I thought that I would make you
aware of the typical mistakes novices make and indeed an incredibly simple way of avoiding
those mistakes and in so doing all but guaranteeing that you select a course that will
genuinely help you on your journey from novice to professional trader.

By necessity I have to keep these mailings relatively short but if you would like me to expand
on any of these points then please do not hesitate to telephone as I am always happy to give my
honest advice and opinions.

The four biggest mistakes people appear to make in selecting courses are:

1) They go for whichever course makes the biggest promises. People tell me that they
purchased such and such a course or product because it offered for instance:

The biggest weekly pip count

No study was necessary
You only needed to trade for 5 minute a day with no effort or work
The methods were claimed to be simple & "foolproof "
Results were all but guaranteed

There are all sorts of ways of selling products and services but by far the easiest is just find out
what customers want and then say to them "I can give you that". In trading it is very easy to
know what people want. Everybody wants to make a lot of money - quickly - with little or no
effort - little or no study - little to no risk and starting with small amounts of initial capital.
These are the buttons that the unscrupulous marketing men need to push to ring your bell.

So when you see ads mentioning these (Make £1,000 per week in 5 minutes per day using our
foolproof method starting with just £500) - duck ! and try to avoid getting hit by that marketing
bullet. You will be disappointed they are simply using the very well known marketing
technique of "feeding back" to you what they know you want to hear. Trading really is a great
business - but - it is not free money, and those that tell you it is are at best disingenuous.

You see this sort of thing all the time in the diet and beauty industries. Ridiculous
unbelievable promises being made. "lose 5 stones in 5 weeks and still eat whatever you like" ,
"miracle wrinkle cream takes 10 years off your age - overnight ", "build muscles like iron in 5
minutes a day with no exercise and still eat all the chips you want".
We laugh at these because we know from experience that the claims made are impossibly good.

The problem novice traders have is by definition they have little or no experience in this
particular field of endeavour and hence do not know what is and is not genuinely possible. This
makes them an easy "mark" for unscrupulous salesmen.

Many of the ads you read concerning trading on the internet and in the junk emails you receive
are using exactly the same sales techniques as the diet and beauty industries use ie worthless or
very low value product that does not work sold on the basis of obviously too good to be true
promises dressed up in clever wording that rings all your bells.

The truth in life is that those making the biggest claims are almost always going to disappoint.

This is because they are not attempting to sell on truth or value or service they simply know
that if they make bigger promises than everybody else then a certain proportion of people will
come to them rather than the more genuine products.

So avoid those making the biggest promises and most outrageous claims and follow the advice
below. "if it sounds too good to be true then it is".

2) Purchasers do not seek to independently verify any promises or claims made by the vendors
(ie they do no due diligence ) and simply take the vendors word for everything.

For instance would you ever buy a second hand car from somebody who claims it had only one
previous owner, who happened to be their 90 year old maiden aunt, without asking to see the
Log Book (and maybe even the maiden aunt as well !) to verify this ?

Of course you would not ..... but ..... you will buy a course from a company that claims in an
internet ad that "acknowledged super trader" shows you how to make £1,000 per week with no
effort in just 5 minutes a day ". Well perhaps your first question should be "exactly who has
acknowledged this guy as a super trader " and indeed many other questions should follow.

Why do people fall for this? Taking totally unsubstantiated claims at face value and not asking
for any proof ? Well around 60% of those that have subsequently attended my course confess
to having have done pretty well exactly this - often more than once . When I ask them why on
earth they would do such a foolish thing they tend to say words along the lines of "because I
soooooooo wanted to believe it was true".

These sorts of companies also often make it difficult for you to contact and speak to them direct
to quiz and question them on the veracity of those claims. They simply dangle a big juicy "easy
money" Carrot in front of you then make it difficult of impossible for you to verify the claims
and then wait for your natural greed, desperation or impatience to override your common sense
and make you purchase.
So if you are buying something based on emotions & hope rather than based on verifiable third
party evidence & proof you are likely to be disappointed.

3) Confusing learning ABOUT trading with learning TO trade

Virtually all the courses out there are run by marketing men not professional traders (despite
what they may claim). This presents even the honest vendors with a very big problem. Given
that they do not know how to make money for themselves in the markets how can they teach
you ?

They get around this by not teaching you "how to make money in trading" but by teaching you
simply "the mechanics of trading". By this I mean they will essentially regurgitate the contents
of a £50 book on Amazon teaching you how to apply and "interpret", for instance, moving
averages, MACD, Fibonacci etc etc.

You certainly do need to be aware of this information - BUT - you will be paying a
prohibitively high price for it. Worse still even armed with this understanding of the mechanics
of trading you will still be no closer to knowing how to use or indeed not use this information to
make real money in the markets. In fact you will be in a worse position than you were before
attending the course because you will now have thrown £1,000 or more away and hence have
less capital to trade with !

If trading success simply was about buying when one moving average crossed above another
everybody in the world would be at home making millions. (ask for the mailing "does anybody
make money").

What you actually need are fully formed historically proven strategies that have an identifiable
underlying logic and edge to them. You need to know exactly where to enter, where to exit,
where to locate stop losses, how much to risk plus a multitude of others things to give you a full
and complete picture of the business. This information can only be provided by people that can
genuinely make money from trading.

So don't spend £1,000 + on a course that simply teaches you about trading - you are much
better to spend £50 on a book from Amazon !

Spend the larger sum of money talking to people that can prove they make money from trading
and are providing you with fully formed evidence-based trading strategies that have historical
track records of making real money in the markets.

"If you want to make money - first find a man who is already making money and then ask him how he does it " -
Mark Twain

4) They assume that if the course/individual is well known /heavily publicised (No 1 on
Google or you get a mailing each week from them) then it must be genuine and providing great
value.
This simply is not true indeed in my opinion some of the worst training courses on the internet
are top 3 on Google.

The truth of the matter is often the reverse argument ie they have to advertise the product
heavily because it has such little genuine value and for instance they get no word of mouth
referrals. The large advertising budget also helps to relegate complaints and criticism to page
120 on Google ! - which of course you will then never see.

Some companies concentrate on the quality of their products others spend all their energy on
marketing.

Most of the self proclaimed "Trading Experts", "Chief Trader", have no demonstrable record
of trading success other than their own unsubstantiated claims. If you just blindly take what
these marketing men tell you at face value you will be disappointed.

"The more he talked of his honour the faster we counted our spoons " - Ralph Waldo Emerson

Here are a few other things to look out for:

Scams (or in the UK - more commonly courses/products offering appallingly poor value) are
relatively easy to spot – here are some pointers:

No proof the vendor is actually making any money in his or her personal trading – ie no
personal trading statements.

No long term history for the company or for its course /training package.

Wild and clearly untrue claims of profitability – with not a shred of evidence to support
the claim. Turn £100 into £10,000 in a month - starting with £1,000 earn £100,000
every year - spend just 5 minutes a day and earn a fortune - no effort required - no
study required - guaranteed profits - 90% winners - never a losing day - “never lose”
computer programme does it all for you etc etc. (honestly folks trading is a fantastic
business but nothing is that great)

Liberal use of words like “imagine” – phrases like “won’t it be great when…” - these
are advertising techniques designed to make you move into a fantasy world where you
do not question the logic or credibility of what you are being told – they are asking you
to move into a universe where simply “believing” and “imagining” and "having faith"
in an unquestioning way makes it come true – well it doesn’t ! – so don’t !
 A highly profitable business model – for them. Scammers and conmen are lazy and
therefore seek to make as much money as possible from as little effort as possible.
Maybe a group seminar where you get 20 people all paying £2,500 each for a day ( so
they pull in £50,000 for a days work ) or a short pdf book/course that costs nothing to
print or mail out, or a very high priced 1-2-1 say £10,000 for a days tuition (yep I have
seen them advertised at $65,000 for a day). All scammers want to do one thing and that
is make a lot of money with little or no effort and this is a warning sign. So ask what
you are actually getting for your money – if your paying £5,000 and all you are getting
is 10 pages of notes – be warned.

No direct landline contact numbers or using a mobile number are obvious warning
signs.

Also being unavailable to talk direct on the phone (to the Tutor) so you can only
communicate via email or indeed not at all. This means you cannot question them in
detail on particular points or make all the normal judgements we make about people in
the course of a normal conversation. In a live conversation we can pick up on subtle
cues such as intonations, changes in pitch of voice caused by stress, pauses and
hesitations when they do not know the answer, inconsistent answers etc etc. Also you
cannot ask them lots of questions or immediately query and question their responses as
you could in a telephone conversation. Only responding to emails also buys them time
to concoct their answers to any tricky questions you may ask. Just imagine if the Police
could only interview suspects by email - how many convictions do you think there
would be !

So what is the answer ? - Avoiding the professional marketeer

Anybody that has googled Forex knows that there are thousands of glossy websites making all
sorts of amazing claims - and - most sound very believable. So the question is

“how do I avoid buying worthless junk like so many others have done” ?

Well almost all of these conmen and purveyors of worthless junk are experts in marketing -
that is their real business and indeed where their true skills are - not in trading. So we need to
verify and corroborate their personal trading skills.

In my experience as a professional trader with decades of experience it is impossible for a

novice reading a half decent marketers sales “spiel” to know if they are genuine or not – it IS
literally impossible – you are wasting your time trying.

The whole concept of marketing (as far as I can see) is deliberate mis-statement and or
obfuscation of information in such a way that the customer cannot see through it to the
underlying lie – and these guys are good at doing just that !
The only reason I know they are lying is because my experience tells me the claims they are
making are simply too impossibly good (and latterly since running the courses the feedback I
have received from hundreds of students who have previously purchased these products) . It is
like somebody saying they have tuned a Mini motor car up so it does 800 mph - you
immediately know from experience that that is impossible but your 12 year old son (who has no
real experience of cars) is very likely to believe it - not just because of his youth but because of
his lack of experience in that area.

A novice has no way of making these judgements because by definition they lack both
knowledge and experience in this particular field. They therefore do not know what the correct
questions are to ask which leaves them in the very vulnerable position of having to believe at
face value everything that they are told and being unable to critically analyse it.

So if you fall into this category in trading forget about trying to judge the truth of selling
messages made on websites or even during general sales conversations the marketing
professionals will fool you every time - it is their job.

BUT there is one thing all the marketing guys in the world cannot smooch and bull**** their
way around - and that is furnishing independent third party financial evidence that prove they
make money from trading. ie personal trading statements (I don’t mean testimonials from their
brother ! I don’t mean videos from pals down the pub or paid actors, I don’t been a bland
statement “I am a great trader” or "former chief trader" or "renowned successful trader" , I
don't mean an excel spreadsheet listing of trades they claim to have made I mean printed
financial statements from an independent third party financial institution ie a Broker.

It IS that simple - if they cannot provide this evidence they don’t make money from trading
so why on earth would you want to buy a trading product or course from somebody that cannot
do it for themselves. You would be better off asking them to teach you about marketing !.........
a subject they really do know all about. (ask for a previous mailing "Scams").

“If they don’t provide brokers trading statements they don’t make money from trading”

Finally if you are thinking well that is all fine and very plausible but how do I know this guy is
not just using Photoshop to create his own independent third party financial evidence ?

Good question please see the excerpt below from the mailing ("To Photoshop or not") but I
will give you a clue I have never come across a single vendor that does this either in the UK or
USA - not because they are too honest ! .. ......oh no no ......but for entirely selfish reasons
borne out of the vendors own best self interest.

The bottom line is if you can find somebody that sends out independent third party financial
evidence you are 99% certain they are genuine. This then proves that they know how to make
money from trading and will be able to pass on valuable knowledge and insights to you.
I agree 99% certainty is not 100% certainty ......but....... its is a lot better than just praying and
hoping - which is what most novice traders start off doing.

In answer to the Photoshop question.

When I tell people the key to selecting a good trading course or trading system is to demand
trading statements from an independent financial institution (ie a 3rd party Broker ) sometimes
the reply is "well they can be easily forged/photoshopped"

Yes it would be possible to Photoshop trading statements – but – that is also a near perfect
practical example of the precise definition of FRAUD – “modifying documents to gain
financial advantage”.

Fraud is a serious criminal act for which they will prosecute, and you can go to prison, so you
will not find any vendors in the UK doing that and indeed very very few even in the USA. It
simply is not worth the risk of a prison sentence or indeed a Court appearance just to convince
somebody to spend “only” £1,500. Anyway there are far safer, easier and more effective ways
of conning people in this business ! (ask for a previous mailing “Scams”)

Not convinced ? Well have a look around the internet and try and find vendors that actually
do produce real money brokers trading statements. Not simple listings of the profits made from
trades they claim to have taken but real independently produced third party brokers trading
statements.

You will find that there are almost none ( I have just spent 90 minutes and found none at all –
which should in itself worry you – a lot !

This is because the vendors know they will be in very very serious trouble if caught producing
forged trading statements and therefore will simply not take that risk.

So if it was that easy and risk free to forge brokers statements with no repercussions everybody
would be doing it – and clearly they are not.

Conversely it is not fraud to be photographed casually leaning against a new Rolls Royce on a
dealers forecourt implying that you own it, or stepping out of a helicopter after a 1 hour
sightseeing trip implying that it is your helicopter or standing on a boat dock next to somebody
else’s expensive yacht implying that it is yours or simply making the bald meaningless
statement like “I am a successful trader” whilst providing absolutely no independently
produced verifiable evidence in support of it.

Now look around the internet and see how many examples of these sorts of adverts you can find
– tens of thousands. These worthless photos and unproven unverified comments litter the
internet and do their job in parting the naïve from their money !