I am sure many of you have heard the phrase or saying - there is no need to take any courses - everything you need to learn to become a successful FX Trader you can learn for FREE off the Internet.

In a "nutshell" - it could be looked upon as being true - the trouble is though - you are going to end up kissing a lot of frogs before you end up meeting your prince or princess ;-)

Nobody really wants to waste money on their learning journey - but unfortunately it happens to so many newbie traders. They either go to a free seminar and then end up spending $2k or $5K plus on a 2 to 5 day "intense special" seminar that will have them profitable ( not). Or - they spend $300 on buying DVD's and loads of books that they then think will have them at an intermediate stage within the months. (not)

So - am I saying spending 6 to 30 months trawling the internet and then copying "free methods" is the best way to get there?

100% - definitely NO

First of all - would you take your driving test without having at least a few lessons from a proper qualified instructor ?

Would you learn to fly a plane with the help of a few DVD's and a couple of books ?

Hopefully, you say - NO - OK it might be possible - but its not really the best way - why do you think trying to do things on the cheap is the best way ??

Personally though - I think you CAN learn a lot from realising that the VAST MAJORITY of traders are destined to be "losers" and therefore by understanding that you need to do things differently from the "herd/ crowd/ sheeple" and maybe do something Forexmospherians are well know at doing - ie thinking outside the box - using their B.R.A.I.N and E.Y.E.s.

I started FX Trading approx 14 years ago and during that time I have spend off and on at least 10 years on different forums and will openly admit during my first few years "wasted" my money on courses and DVD's etc etc - that I thought would help me find the "holy grail". The fact is - there is no "holy grail" - really the closest thing to it is how you adapt and perform - this is really a massive world wide "money game" and for retail traders - its mainly played in the "space between the ears"

You are going to find out there is no one way to make consistent profits from FX Trading - you are also going to find out that 90% + of all theories/ methods / indicators will just end up getting you maybe to a breakeven position and slight profits if lucky. You are going to realise that you are now up against "supercomputers" - the best brains in the world etc - and they want your money off YOU !  To do that - the market makers / players / big dogs/ Banks etc etc are prepared to misinform / lie / deceive etc etc so that you end up having a few "lucky" wins - but generally end up losing your capital and getting nowhere.

Learn from all the losing traders out there - ie the one's that think just learning Elliots Wave - or Gann Theory - or Fibs and Ichimoku etc etc will make you a consistent profitable trader - unfortunately they won't - there are so many factors needed - ie money management - timing - disciplines - emotion control & clear thinking - the ability to admit you maybe wrong - etc etc etc.

The Forexmospherian Forum is atm of time - Unique

For now - its the only FX Forum out there that does not have over 70% of its members who are LOSERS. We have a core of long serving traders who have a wealth of experience from scalping to swing - to positional and of course - the ones we all want to be - "Master Traders" - traders who can consistently profit day in day out from a combination of all methods.

Commercial / Bank Traders etc - would not have our retail FX knowledge - in fact just 4 of us have nearly 50 years of retail Trading experience  - and you then have traders of just a few years - not even intermediate traders telling us we live in "Fantasy Land"  - of course we do to them - they have just not got there - and never will thinking that taking just one trade a day is the answer or that the "books" say that will not work etc etc.

Please - Learn from all these Losers - don't end up spending 2 or even 4 years plus getting nowhere - ( yes all free off the internet )

Good Trading



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Forex Trader,
Previous Contributor: FXstreet, T2W, Forexmosgate, Forexmospherians.com
Currencies: Various: Intraday, Scalp,
Senior Technical Market Analysis


  • Awesome man, I am glad you posted this and thanks for sharing.

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"I figured this was a legitimate break, so I went on the hunt for evidence, so here in succession is the list of clues I used to make my decision:

Rejection of market and weekly pivot at ema confluence.

Complete and broken head and shoulders on 1hr time frame.

Broadening formation on daily with test and rejection of 200 day ma

Bull hinge on daily and Renko stochastic.

Positive momentum on 5min, 1hr, 4hr and daily chart"

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Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.

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"Short rapid bursts and quick glimpses of an entry, trigger activated, trail in place and exit strategy and plan already set. Within a blink of an eye, instinctively the buy/sell button is pushed. The hammer falls and clanks decisively, echoing, sparking, like steel upon steel and the trade is executed. A Traders heart beats on with perfect set up, closely aligned with strict parameters, ready to continue the attack or recoil on a wire. Wrap the profit and then stand down, ready for the next hunt"

"When we are talking about sentiment it is very hard to say that this sentiment will prevail another 6, 9, 13 hours. Sentiment is not a constant line. Main trend is bearish, tech picture on daily is bearish, even intraday neutral. Nobody restrict to play long eur short usd position with the target at 1.12 or even 1.1361, this is every traders individual choice as always"

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