The most important lessons that he strictly follow are, being "INNOVATIVE, DIFFERENT and ORIGINAL." Why? Because following 99% of trading strategies that traders is not enough and is NOT guaranteed to make you successful. That means you have to be that 1%. But how?
Forex Trading Machine fused those 3 important lessons in it's 3 main strategies. This is how you're going to be that successful 1%.
1. Cash Cow Strategy: The safest of the three strategies. This can be easily described as a "set it and forget it" trading method. It works using a daily chart where a price is watched to see if it moves a particular distance during one day. If the price markers are hit the following day then the chances of a reasonable gain are good. This works best with the GBP/USD and EUR/USD pairs.
2. Forex Runner: Is a "trade whenever you have time" strategy. Since the forex market is a 24 hour market, you have the luxury to decide exactly when it is best to for you to put Forex Runner to work. You will learn how to exploit the daily range of the major pairs. Simply follow simple instructions and... wait for results.
3. Flip and Go Strategy: Primarily a day trading method. It demonstrates how to take advantage of a certain characteristic of the EUR/USD pair which is the most liquid of the currency pairs.
Avi Frister included a 2 bonus strategies. The "Trading Non-Farm Payroll Profitability" system which is 100% mechanical. Extremely simple to learn like all the other strategies. "Trading for Beginners" by Marc McRae which is a 103 page e-book. In this bonus e-book, you will learn:
1. How to nail impressive trading profits.
2. Three trading sysytems that have proven themselves through the test of time.
3. The truth about trading every trader has to know.
4. How to use probability to give you an edge.
5. The secret of successful trading.
6. and tons more!
It is extremely important to understand the difference between a stand alone trading strategy and arsenal of strategies that makes a trader a super-trading machine. Avi's objective from even before creating this course was to provide traders with everything they need in order to succeed in the forex market, a complete from A-Z trading solution.
For more details about the Forex Trading Machine. Click Here
Article Source: http://EzineArticles.com/?expert=Mick_Thompson
Monday, June 2, 2008
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