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“Perhaps the most exciting and daunting fact is that on this journey to becoming a successful Forex trader you’ll eventually realize that success and consistency have very little to do with which indicators you decide to use and more to do with your mindset.” – Gavin Knoesen

Hello:

It’s unfortunate that many traders don’t know what they’re doing. Rather than cutting their losses and running their profits, they cut their profits and run their losses. Those who make the matter worse are those who use too high position sizes, relative to their account sizes, because they believe that an entry system has high winning rates. They want to become rich quickly. They still feel it isn’t sensible to use small position sizes in spite of heavy losses they may’ve suffered in the past. They think they can beat the markets with their ‘magical’ entry systems. They don’t know that a sailor doesn’t beat the weather; he has to cope with it.

Don’t forget that those you compete against are professionals who’re willing to make gains from the money you lose. This is the attractiveness of the financial markets: each market speculator uses the position sizing they think is the best for them and trade the way they like. But at last, it’s our consistent survival and profits that’ll serve as the justification of our trading beliefs.

July Trading Results
The profits mentioned here were realized last month. The trading results on live accounts and demos are similar; the difference is the position sizes that are proportional to each account balance. The USDCAD proved to be difficult in July, but we made some gains anyway. We made additional 14.42% as closed profit. That’s the purpose of this non-directional strategy: to make money regardless of what happens in the market. We can only look forward to more growth this August and the months to come. A future article would discuss further the details of this kind of strategy.

Last month, the Gap Trading strategy made at least, a net profit of 4,700 pips (a minimum of four thousand and seven hundred pips), enabling the account equity to grow by 24.4%. This was possible because there were over 45 signals from this strategy last month; the more the signals, the more the profits. It doesn’t mean that there were no losses. We had many losses as well as gains, but we moved ahead by applying the simple trading principles that work. A future article would shed more light on this strategy. Risk management always comes first in our mind, for traders should only play safe. Adroit funds managers must also be effective risk managers. We don’t trade instinctively, but according to clear rules. If you have a system that constantly works well, you must stick to it.

Beginner traders are far more impressed by what professionals do than by what they say. In fact, professionals who practice what they say are more likely to have more followers who listen to what they’ve to say. Here, we don’t simply talk about risk management and survival on the battleground of the financial markets; we show it. We acknowledge that traders can expect losses. A sane mentor doesn’t promise that trading will be easy, but risk control measures will help. To this end, positive testimonies have been received from trainees and clients.

Our confidence has been elevated to new heights, and yet we know we’re only experts in progress. We’re reassured that we could expect to see risk management in action in our trading career, especially in the face of the uncertainties of the markets. We’ve higher hopes and brighter expectations. Without doubt, doing the right things on the markets will help us accomplish great things in trading.

If you’d like to have access to my trading activities and trade like me (seeing when and how I place trades, plus how I manage open positions), you may gain access at: http://www.fxinstructor.com/en/analytics/ituglobal

Lastly, the team at Fxinstructor.com has been caring for the interests of Forex traders worldwide. You’d do yourself a great favor by taking advantage of their services.

NB: Please watch out for my coming articles with these titles: ‘Testimonies from My Subscribers,’ ‘Excellent Money Management Flexibility – Make the Best Choice!’ ‘Resist the Lure of High Risk – Part 3 (Use Low Risk and Reap Benefits),’ ‘Worst-case Scenarios – Facts Are Sacred,’ ‘Effective Swing Trading in Forex,’ ‘Advanced Gap Trading – Trading with Insane Accuracy,’ ‘3 Recent Gap Trades,’ ‘Trading for a Livelihood – One of the Best Jobs in the World,’ ‘Developing the Right Attitude towards Losses – Part 3,’ ‘The True Holy Grail – The Long Sought for,’ ‘Suicide Trading Techniques,’ ‘Achieve Success through Sensible Risk-to-reward Ratio (An Interview with a Trading Enthusiast),’ ‘ Clarifying Some Issues – Part 5,’ ‘ Trade to Win!’ ‘Optimization of the USDCAD Hedging Strategy – Bringing the USDCAD to Subjection,’ ‘A CHF Breakout Strategy,’ ‘Overview of My Signals Strategies,’ ‘Is It Realistic to Give Guarantees in Trading?’ ‘Monthly Trading Report (August 2011),’ etc.

I end this article with more quotes from Mr. Gavin:

1. “Beware not to be drawn to the over elaborate setups consisting of a plethora of indicators as this can often be quite intimidating to a new trader. When developing you methodology you’ll come to realize that a cleaner and simpler display of your charts will result in more concise trade planning and execution. Remember price action is the purest indicator you can use – learn it, listen to it and master it.”

2. “Forex Trading is one of the most rewarding and challenging journeys that you’ll embark on. The truth is that if you treat it with due respect and give it the time it deserves it’ll reward you generously. The early days will be tough, be under no illusion of that, and will require discipline, patience and hard work. You’ll learn many things about yourself and your character, but be rest assured that when you summit that initial mountain, the view is beautiful, the satisfaction sweet and the lessons learned are absolutely invaluable.”

Your questions and opinions are highly welcome.

Thank you.

With best regards,

Azeez Mustapha
Forex Signals Strategist, Funds Manager &Coach

Email: amustapha@fxinstructor.com

Yahoo! Messenger ID: saazalmu

Get my Forex trading signals at: http://www.fxinstructor.com/en/analytics/ituglobal

And my past articles are also available at: www.ituglobalforex.blogspot.com

NB: There is risk of loss in trading, but it is possible to be a successful trader.

About Me
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WHAT I HAVE TO OFFER

?Excellent traders are always keeping score: they want to know what they?ve done right or wrong, and what?s making and losing them money.? They are always working on themselves and their trading.? I?ve met far too many ?breakeven? traders who, upon inspection, have been losing money consistently.? It?s not that they?re lying; they simply don?t want to know the truth.? Thus, they avoid it.? It is simply too painful to look at the money and opportunities lost.? – Brett N. Steenbarger

Hello:

In this part of the series of articles bearing the topic above, I?d like to answer some questions from my potential subscribers, hoping to throw more light on what I offer and the right attitude towards trading. I think this could benefit you also.

1. Why did you cancel your offer of one-month free trial? ? J. G.

Answer: Most signal providers offer only two-week or one-week free trial while some offer none. Few trading signals providers would offer 1-month free trial. I used to offer one-month free trial; something that was long and generous enough. However, in an effort to provide better services and ensure that serious-minded subscribers eventually get what they rightly deserve, the free trial was cancelled. Whether there?s a free trial or not, whether the trial lasts only a day or a year, those who?d sign up for it would do that: those who wouldn?t would not. Whether one charges $1 or $1000 per month for a signals service, those who?d sign up would do that, those who wouldn?t would not.

2. Could the monthly price be reduced? ? P. B.

Answer: The monthly charge is one of the lowest prices for trading signals; even if we make a thousand pips in a month. Upon subscribing, you get some rebate in the price for the first month, and then you subsequently pay the normal fee on monthly basis. The price is competitive (some signals providers charge hundreds of dollars per month). A higher price doesn?t necessarily mean better services. There are strategies that are used to provide signals and more are coming, since there?s an ongoing effort to achieve even better trading results. I?m convinced that my subscribers would enjoy greater trading results in future, so why should the price be reduced? Rather than wasting time by sending ?buy? and ?sell? signals thru email and/or IM, I now give my subscribers access to my trading accounts. I only notify them when I?m placing new trades or exiting them. They?d simply need to do the same things like me ? setting Stops and targets and existing at opportune times. Past trades results are seen in real time, and there?s no possibility for falsification of results.

3. Can I be greatly satisfied with the trading results in one month? Can we get good results always? ? K. A.

Answer: I can say that we?ll always survive on the markets (thanks to risk management), but I can?t say that we?ll win all our trades. My trading signals services aren?t suitable for someone with fallacious views and unrealistic expectations. Successful trading isn?t for someone who has a wrong mindset or fails to bring themselves into harmony with trading principles that work, neither is it possible for them to enjoy long-term survival on the markets without enough patience to stick to their entry and exit rules no matter what. Why do I coach people and provide trading signals? I?d be very glad to show people how to survive regardless of the uncertainties on the markets, rather than how to get rich quickly. You could only start making money after you stop losing it. The best soccer team in the world can never win all their matches. Top traders have good years and bad years, good months and bad months, and good weeks and bad weeks. My signals come from swing trading strategies (one even have rare set-ups that don?t come up every week), so one-month results aren?t enough to make conclusions about the validity of a strategy. My existing subscribers can testify that I?m able to keep trading portfolios safe. With this achievement, it?ll always be possible for us to move ahead as we do.

4.?Couldn’t?you ever show me how to trade just like you? ? S. C.

Answer: Once again, my trainees are coached to trade like me, plus my subscribers also enjoy that as well. How? Instead of giving them signals thru the Sure-fire strategy, I showed them how to do that on their own (with no additional costs). Very soon, they?d learn how to make analyses just like I do in my Weekly Trading Update articles (at no additional costs), and this doesn?t preclude them for benefiting from my trading activities from the accounts on which I use GBPJPYUSDCAD Hedging system and Gap Trading system (and they?d also benefit from coming strategies). I preach effective money management and risk management methods in my articles, but my clients see first-hand how I apply them in my own trading. The secret to survival lies in risk control ? not in any trading system on earth.

Dr. Brett, quoted above, say further that trading the financial markets is among the most challenging of human endeavors.? At its best, trading is a celebration of the human mind’s capacity to master complexity.? Rarely does any single activity so reward individual initiative and the exercise of the reasoning mind.? And yet, financial rewards are only part of the allure of trading.? In mastering the markets, we are called upon to exercise extraordinary self-mastery.? Like any noble undertaking, such as art, science, or athletics, trading is a means of self-development, fostering the ability to act intentionally, in the service of one’s training and ideals.

This year is full of wonderful trading opportunities and I?ve already told my clients that our objectives shall be met. It only takes time and patience to wait for the opportunities that the markets would occasionally throw at us. If you find it difficult to survive on the markets, you might consider my trading signals services. You?d be treated like an individual, not a number. Why should you continue to suffer from the uncertainties of the markets or languish in silence? You might want to join me on my journey to consistent survival on the markets at: http://www.fxinstructor.com/en/analytics/ituglobal

NB: An article about effective gap trading in Forex is also coming next Sunday (but only my clients have access to the account on which it?s being traded).

This article is ended with more quotes from Brett N. Steenbarger:

1. ?Knowledge and practice?and especially the direct experience of knowledge-in-practice?are the keys to the acquisition of expertise.?

2. ?In every performance field, the development and maintenance of expertise requires a high ratio of time spent in practice relative to time spent in actual performance.?

3. ?The trading computer does not have good days and bad days?only profitable ones and unprofitable ones.? Human traders can perform poorly even if they make money, and they can have good days even when they?re in the red.? That is because performance is a function of the chosen actions of performers, the correctness of those choices, and the skill with which the actions are carried out.? Once an element of discretion enters into trading, it becomes a performance activity: one in which outcomes are dependent upon the choices of the performer.?

Your questions and opinions are highly welcome.

Thank you.

With best regards,

Azeez Mustapha

Forex Signals Strategist, Funds Manager &Coach

Email: amustapha@fxinstructor.com

Yahoo! Messenger ID: saazalmu

Get my Forex trading signals at: http://www.fxinstructor.com/en/analytics/ituglobal

And my past articles are also available at: www.ituglobalforex.blogspot.com

NB: There is risk of loss in trading, but it is possible to be a successful trader.

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