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Practical FX Trading services

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Practical FX Trading services

72% Profit in March

Forex Trading
Out of 39 trades executed, 28 trades were profitable, 10 were losing trades and 1 trade was breakeven. Here are the details of my trades:

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100% profit for 1st Half of November 2009

All trades made were profited. 238 pips was generated for the period of 1st November to 16th of November 2009. This is 100% success rate! Another proof of my trading strategy

If you are trading 1 full contract (100,000) per trade, your profit for 238 pips will be around US$2,380.

Here are the details of my trades:
1. EURUSD: 31 Pips Profit

Original trade:
Buy EURUSD at 1.4930
Stop level at 1.4840
Target level at 1.5030

2. AUDUSD: 52 Pips Profit

Original trade:
Buy AUDUSD at 0.9294
Stop level at 0.9200
Target level at 0.9380

3. 24 Pips Profit

Original trade:
Sell EURUSD at 1.4975
Stop level at 1.5070
Target level at 1.4880

4. AUDUSD: 11 Pips Profit

Original trade:
Buy AUDUSD at 0.9089
Stop level at 0.9010
Target level at 0.9180

5. AUDUSD: 62 Pips Profit

Original trade:
Buy AUDUSD at 0.8978
Stop level at 0.8890
Target level at 0.9080

6. EURUSD: 58 Pips Profit

Original trade:
Buy EURUSD at 1.4768
Stop level at 1.4670
Target level at 1.4870


All forex trading postings are delayed, I can share live updates of my content via emails. If you are interested to receive live forex trading updates or learn forex trading online, send an email to me at atraderx@gmail.com.

From: Practical FX Trading

Monday, November 16, 2009

Practical FX trading - Testimony from India subscriber

Testimony from my India subscriber to learn forex trading online

"It has been a fantastic time spent with you. One hour session was more than enough to get a hang of your style. I know what are the rules but I MUST say one must be with your subscription for 6 months and only then can his/her eyeballs be trained to catch the right move.
Of course every trade will not be a winner but end of it PROFIT must be more than LOSS
I would recommend your coaching for anyone who wants to trade forex profitably and like a PRO
P.S: I will send anther email after a quarter telling you how I performed ;-)"

Practical FX Trading

Thursday, October 29, 2009

Practical FX trading - Testimony from Bill (United States of America)

I greatly appreciate the time you take in providing the alerts, answering my questions, and our conversations regarding trading.It is clear you are extremely intelligent and have put a lot of time and effort into developing your system.
Although a successful bank trader for 15 years, self trading on retail platforms proved to be an entirely different challenge. AT's system was simple enough to employ immediately and, most importantly, profitable. Brendan does not guarantee every trade will make money. It is not a “get rich quick” plan for FX trading. It is a methodical approach to the market utilizing well known and thoroughly back-tested technical indicators. Consistently applied, I have found the system remarkably profitable. I like the flexibility of taking AT’s trade recommendations as well as learning his system and applying it myself. What I liked most about the presentation of the system and trades is the trading adage I most relied on in my successful FX history… “Plan the trade, trade the plan.”

From Practical FX Trading

Sunday, October 25, 2009

What Novice Traders Need To Know To Avoid The Losing Majority

If you want to learn Forex trading correctly and win you need to be aware of the facts enclosed or you will join the 95% of losers. Here are your essential facts...

The first fact to be aware of is an obvious one

Fact - Forex trading Success is not easy

Of course you wouldn't expect it to be with the rewards on offer and the facts state 95% of traders lose and that's a high percentage. If you think you are going to make money with no effort, then save your money and don't try trading Forex, as you will join the majority of losers.

The good news is if you make an effort, you can win as Forex trading is a specifically learned skill.

Fact - Forex Robots and Expert Advisors Don't Work

There are numerous robots sold and all claim better track records than the world's top fund managers but they don't work. If you seriously believe that you are going to make money by spending $100 or so you are going to end up losing all your money.

If you want to win, you need to learn skills so leave the forex robots to the lazy and naïve traders and get yourself a solid Forex education.

Fact - Forex Markets Don't move to Science

Many people think that Forex markets move to some higher force which can be predicted but if you predict, you are simply hoping or guessing and that will see you lose. If you want to win at Forex trading, you need to trade the reality of price change and trade the odds.

Fact - Money Management is the Key to Success

Most people think if they have a good method they will win but its not enough, you need strong money management. You are going to lose at times even the best traders do and that means you have to take and keep your losses small until you hit profits.

Money management is the key to success but most traders cant keep losses small which leads to the next and most important fact about Forex trading.

Fact - Discipline is the Key to Forex Trading Success

You are going to have to take and keep losses small and trade with discipline until you hit a home run and this is hard.

The reason its hard is your emotions will come into play, as no one likes losing money, looking like a fool and the market will do both to you. During losing periods you must execute your trading system with discipline and ride out losing periods until you hit a home run.

Fact - Forex Trading is Simple to Learn But

You need to be aware that forex trading is not just about having a good method, you need the discipline to apply it - if you can't execute a trading method with discipline, you don't have one!

Anyone can learn to trade Forex but getting the right mindset is the key to Forex trading success.

So if you want to learn Forex trading you can and you can put together a simple, robust method in a few weeks and then you need the ability to be disciplined and execute your system correctly. Sounds simple? It is but most traders cant do it, if you can, big profits await you.

Friday, October 16, 2009

Close to 3000 Pips Profit since start of 2009

Close to 3000 Pips Profit since start of 2009

We do not have 100% success rate in our forex trading program. But we have more Wins than losses, this shows that we have a proven forex trading strategy.

Our track record as follows. As usual more PROFIT than loss

PROFIT 490 pips generated in the month of September 2009
PROFIT 327 pips generated in the month of August 2009
LOSS 228 pips generated in the month of July 2009
PROFIT 1259 pips generated in the month of June 2009
PROFIT 24 pips generated in the month of May 2009
LOSS 313 pips generated in the month of April 2009
PROFIT 345 pips generated in the month of March 2009
PROFIT 525 pips generated in the month of February 2009
LOSS 317 pips generated in the month of January 2009

If you would like to learn forex trading anytime, anywhere from us, send email to atraderx@gmail.com

From Practical FX Trading Services

Sunday, October 11, 2009

Treat forex trading like a business

If you are currently trading for a living or want to take on trading as a future substitute of a current job, then you should remember to take trading as a business. You need to treat it as a business.

You need to give some consideration to the fact that how you are going to deduct your monthly expenses such as your computer equipment, your quote feed, your DSL line, travel to investment conferences and continuing education seminars. How are you going to treat trading as a business? You should think whether you need to form a private limited company or a public limited company.

This can help you save thousands of dollars annually. You should seek advice from a tax specialist so that you can take advantage of all the regular and necessary expenses as business deductions.

After all it would be heart breaking to know that you cannot make expense deductions that could literally save you thousands of dollars after you have consistently started making money in the market.

Lets see what your expenses can be as a forex trader: You need to have a room where you have the required peace for trading. Then you have to have equipment that includes desktop computers, printers, laptop for travel and so one. Lets say these things cost you $5000. Suppose you rent a small one room office that could cost you like $500-1000 per month.

You need a good DSL connection for your trading, $50 per month for the DSL expense. A price quote feed might cost you like $200 per month. You attend an investment conference that might cost you $1000 roundtrip airfare plus $300 per night for the night stay at a hotel.

There will be many business entertaining expenses for you. If you have business entertaining expenses and went to two investment conferences per year, you could be taking as little as $5000 to $25,000 per year in actual business expenses that could be deducted if you are running trading as a business.

Do you have the financial resources, time and emotional makeup to trade full time if you are a small time investor and decide that trading for a living is something that interests you? Do you have a business plan? What business plan you have in place to protect the money you make in the market.

If you have finally decided to take up trading as a living then you should be able to earn enough to pay for your living expenses as well as utility bills. You need to cover your cost of living expenses, mortgage payments as well as your business expenses. As a long term trader what will you do when the market conditions change according to your system or methods?

The forex market offers you a unique opportunity to participate on a pay as you go method because there are no commissions. Forex dealers provide free charts and quotes. But you have to cover the bid-ask spread each time you trade as a trading cost.

Suppose you are a day trader, you trade twice a day with a 3 pips bid-ask spread. Suppose you trade 10 lots ($100,000) each trade. So your daily trading cost will be $600 = (3) (2) (10) (10). If there are 200 trading days in a year, it means $120,000. So you need to cover $120,000 as your trading cost annually not to talk of your actual losses. You need to keep this in mind that trading is not free.

Try out Practical FX education program to avoid costly mistakes

Saturday, October 10, 2009

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