Posts Tagged ‘Top Dog trading’
Learning Currency Trading?
November 4th, 2009
One of the biggest problems facing beginners to the Forex market, is the feeling that it is straight forward. This perception is very costly, I know, because we fell into the same trap and it cost us a large share of our account.
It doesn’t matter how you begin Forex trading, you need to have some sort of core understanding of what is going on. There are a bunch of factors that effect the market, and having an idea of what they are and how they impact the charts, will guide you on times to trade and times to stay well away.
The Top Dog training system I discuss in the video, has been the difference in us going out backwards until there was nothing left, to now, where most or our trades make good money.
Yes there is a heap of teaching material out there, much is excessively over priced for what they offer. All too often, they leave out certain critical elements and the training is focused on only one market. If a trading system can be employed across the board, Forex, Options, Futures, Commodities etc, I firmly believe it has to present a very thorough understanding of market dynamics.
Probably the biggest thing you have to consider is; are you prepared to risk your hard earned cash in a venture you probably know very little about. Historically the Forex market has been shown to take no hostages, nothing about it is kind to the ignorant.
Profitable trading strategies and minimising your risk is what Dr Barry Burns course teaches, you can use his strategies on any market. So try before you buy, pick up his Free 5 day Video Course, and see what it has to offer, you’ll be pleasantly surprised. Not only that, but this course will introduce you to some ways which will help you make some fast bucks while you are learning.
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Learn Forex Trading: Top Dog Trading Review
October 31st, 2009
FREE 5 Day Video Trading Course
When I started trading Forex markets, I was aware that fundamental analysis was not an system I could use, but analysing charts and their patterns was something I was much more comfortable with. Search ‘Technical Analysis’ on the web and you will be lost for choice with options, but after much investigation I found Top Dog Trading.
What made me decide to take this course to learn Forex trading?…. A number of things besides the absolute necessity to trade better and to halt my run of losing trades; was that I had a good feel for what Dr Barry Burns was saying on his website and a significant amount of the teaching is supported by plenty of videos which makes it much easier to understand and see what he is saying. The other essential criteria for me is the experience of the trainer and author of the training materials. Barry’s CV is superb, a business man who trades professionally, he is also a accomplished speaker and writer.
So I signed up for his free 5 video course to see if I felt good about his analysis systems.
Prior to this, I had completed several other courses on technical analysis relating to Forex trading but cannot say that I really gained the understanding of trading that would minimise my trading losses, all that has change having met Dr Barry Burns, I now feel confident that I can make the business of trading a success.
With Barry’s courses I have not only learnt how to execute his methods but also embraced a far deeper comprehension of the Forex market & the charts and probably more importantly the money management and personal attitudes that are essential to becoming a professional Forex trader.
You will find Barry details the principals simply and clearly, then gives upto date chart examples with all their confounding moves showing how to make the rules work profitably. This is all done via a huge selection of videos.
Provided you follow the principals Barry explores, you will end up with a very profitable ratio of winning trades with tight control on the losses, so when one does a trade that goes against you (which even the best traders do) the financial pain is not too severe.
Barry’s teachings are the best Forex trading courses that I have come across and I would highly recommend that you give his FREE course a try. This tutorial has 5 videos that introduce you to some of the most powerful trading material I’ve ever seen.
I personally took the course, loved it, and gained a vast amount from it and have progressed to Barry’s more in-depth courses. My wish to learn Forex trading will never again produce the losses of the past.
Try the Free 5 Day Video Trading Course for yourself:
Risk and Your Forex Trading Style
October 23rd, 2009
The most critical part of any style of investing, is knowing what your risk tolerance is. Without a good understanding of this, you will not only tend to over extend yourself but also jeopardize your capital base. Every Forex trading strategy carries its own risk parameters and these your choice will be defined by your risk tolerance. Then there is your personal approach to trading, conservative, moderate, and aggressive.
When you first come to Forex trading you may decide to trade a day chart. The bar movement over a day can be many of pips, so when you select your stop-loss position you have to assess what your drawdown limits are. If your money management dictates a 3% funds exposure, you will encounter problems on day charts unless your account is substantial.
The 5M or 30M charts maybe more appropriate since the pip variation tends to be less, so your stop strategies can fall within your management margins.
Yes, we all want to make money from out trades, but risking ones account to significant stop positions and excessive draw-downs is going to burn out your account and trading career very quickly.
An avarage risk level is 3% or $300 on a $10,000 account. Convert this to pips, 1 standard lot ($100,000) has a pip value of $10 so if you trade end of day and your stop loss positioning, whether count-back or support and resistance or any other, dictates a 100 pip stop position, then you are not risking 3% but 30%! Three wrong trades and your account has vaporised!
An aggressive trader is prepared to take riskier trades that a conservative trader. Their tendency is to expose larger amounts of money in riskier trades with the hope of achieving larger returns – often over longer trading time frames but they may still use the similar strategies for shorter times as well. Very much the ‘crash and burn’ trader.
So where do you think you sit? Are you a level headed trader with good money management and risk rates, or a trader that will take high risks for big pips? If you are the latter, you will not be trading for long, that’s a guarantee.
If any of this leaves you a bit bewildered, you need to gain some knowledge, so start your Forex training with Top Dog Trading, you will learn a huge amount and it will help you trade with safety to win pips not risk everything.
Never trade without having all of the facts! Click Here To Get Your FREE Five Day Video Trading Course
Learning to trade Forex?
October 15th, 2009
Free 5 Day Video Trading Course
One of the most significant problems facing beginners to the Forex market, is the perception that it is easy. This perception can be very expensive, I know, because we fell foul of it ourselves and it lost us a considerable amount of money.
It doesn’t matter how you approach Forex trading, you need to have some sort of core understanding of what is going on. There are a bunch of factors that effect the market, and having an awareness of what they are and how they may influence the charts, will guide you on times to trade and times to stay well away.
The Top Dog training system I talk about in the video, has been the difference in us going out backwards until there was nothing left, to now, where most or our trades are highly profitable.
Yes there is a vast range of teaching material out there, much is excessively over priced for what they offer. All too often, they leave out certain critical elements and the training is focused on only one market. If a trading system can be employed across the board, Forex, Options, Futures, Commodities etc, I firmly believe it has to offer a very comprehensive understanding of market dynamics.
I suppose what you have to consider, is should you try your hand before you have even a basic knowledge of what Forex is all about, or do you get some grounding knowledge and minimise your risk. A lack of knowledge can be very costly, with no comeback policy.
This is what Dr Barry Burns course teaches and it will reduce your financial risk considerably, you can use his techniques on any market. So try before you buy, test out his Free 5 day Video Course, and see what it has to offer, you’ll be pleasantly surprised.