I have 4 "golden rules" that I use to determine if a trading method is good for me:

It must be a complete method, with setup conditions, entry rules, initial stop rules, and exit strategy rules, leaving no decision to chance.


It must include specific risk management, money management, and portfolio management guidelines.


It must be based on technical analysis, but it must not be a 100% mechanical system.


It must take less than 20 minutes a day to apply after learning how to trade with it.

Let me talk about item #3 above for a moment, because this is where a lot of traders can potentially lose a lot of money.

When you rely on a computer to make 100% of your trading decisions, you do not learn how to become a trader, and you never will. Instead, you learn to follow directions. This can be extremely dangerous to your portfolio, because almost every system I've seen since 1974 has been back-tested and curve-fit, which means it will ultimately fail, or at least not live up to its past hypothetical results.

Now, that statement might get me into trouble, especially with younger traders, who tend to believe that you can create a 100% mechanical system that never (or rarely) loses. Folks, that's called the Holy Grail, and a week doesn't go by that I don't get an email from someone who thinks they have found it.

By the way, this becomes even more dangerous when you base your livelihood on a third party service that feeds you signals every day without telling you their "secret formula". What would happen to you if they went out of business?

(Just for the record, I believe some mechanical systems ARE good, at least for awhile, but I also believe the only way to maximize their use is if you truly understand how to trade in the first place.)


Don't Sneeze! You Might Miss Another Trade!
Bathroom Break? Forget It...

So what I found was that almost every Forex "solution" out there looked like this:

Incomplete method. Many of the courses taught a TON of theoretical stuff, which was all very interesting, but left you absolutely no step-by-step roadmap to help you make money.


Lack of risk management. Very little, or a complete absence of any risk management, money management, or portfolio management guidelines.


Fundamental analysis. About half of the courses and systems I looked at were based on fundamental analysis, which generally requires a lot of studying (time) and can be extremely subjective.


Day trading. Almost every course or system I looked at required you to be glued to your computer for hours at a time.

NO WONDER so many traders are "losing their shirts" attempting to trade the Forex markets!

Can you "get rich" using a day trading method or "black box" system that's incomplete, lacks risk management, or is based on fundamental analysis? Sure you can. You can also win a million bucks playing blackjack in Vegas.

Look... trading is a numbers game, and to succeed you need to stack the odds in your favor. So why not control everything you possibly can? Why not take the guesswork out of every decision you have to make? Why not eliminate as much uncertainty as possible so you can remove the stress and strain most people associate with trading, and replace that with confidence and purpose?

Keep in mind, I'm just stating my opinion here, and telling you how I like to trade the markets. You might not be looking for a complete, step-by-step trading method that gives you back most of your free time. Maybe you just want to learn about Forex theory, or maybe you really do enjoy spending two, three, four hours or more day trading. That's OK, but if that's you - then I can't help you today.

However, if what I just said makes even a little sense to you, and if you relish the thought of spending as little time as possible actively trading while at the same time maximizing your profit potential, then I think you'll be thrilled by what I'm about to reveal to you...

http://www.profitsrun.com/cmd.php?af=681433