forex seminar

i'm very excited about today's session because we will be talking about some

very important issues

that every forex trader need to understand

if you ever want to have success in your forex trading

and the ironic thing here is

nobody out that talks about these issues

everybody is

talking about the three steps to forex success, the five killer forex strategies,

or the seven secrets to making millions in forex trading

today

we will not be talking about the three steps

or five strategies

or seven secrets. why not?

because it does not benefit you

it just doesn't

you see, the truth is many people come to forex trading

with high hopes of making lots of money

but what they get is lots of frustration and lots of pain

and most of them have their accounts wiped out within three to six months

and because they fail to correctly identify the reasons for their poor

trading performance

they keep on looking for another solution

they'll try another trading system they'll buy another forex robot they attend

one forex course after another

after another

but what they get is the same bad results

it's like a person who is sick and instead of going to a doctor

to find out what's

wrong with him

he goes straight to the local pharmacy and starts pumping in every pill that's in

the store

i know it sounds ridiculous but that's exactly what's happening in the forex

world

every single day

so before we can talk about solutions today

we have to agree on what the real problem is first

now i don't know you and we've never met

but i know the reason why you're not making money in forex

i know the reason why you're not making the kind of money

that you want to be making in forex

because everyone and anyone who is struggling to become profitable in forex

trading

is plagued with

two diseases

and today

we're going to talk about these two diseases

and after we are clear on the real problem

then we'll talk about how you can overcome these two diseases

so that you have a good chance of becoming

one of the rare forex winners

tonight there will be no hype

no smoke and mirrors

no bs

just the truth

now initially you may not agree with what you hear

but if you keep an open mind

you will see the true picture of forex

because that's what we want to do today we want to reveal the truth

about forex trading

and when you know the truth

hopefully it can set you free

so if you are ok with that

let's jump right in

and while we are on

talking the truth

how's this for the truth

in forex trading

ninety five percent are losers

some of us can relate well to these pictures here

some days you feel really depressed frustrated

other days

you feel very violent

and just want to shoot somebody

i've certainly felt both emotions before in my trading

but seriously think about this statistics for a moment

today there are literally

tens of thousands of forex courses

and ebooks

and software that would trade for you

and gurus who are so eager to share their trading secrets with you

with so much resources available to help you succeed in forex trading

why is it that ninety five percent of traders

still lose in this game?

they're frustrated they're confused

they've tried everything under the sun nothing seems to be working

you try a new system it works for a little while

but just as your equity starts to grow and you're increasing your lot size

you get a little bolder the market moves against you

and your profits get wiped out within a few months

or even a few days

again

this is very familiar to many of us

so why is that?

to find the answer

we need to go back to the very beginning

when we were first introduced

to the wonderful world of

forex trading

you remember that day?

the day that you attended your first forex preview

and heard for the first time the speaker talking about the

four wonderful benefits of forex trading

safest market highest liquidity

the forex market is perhaps the safest of all markets

because our product is currency

it's not like the stock market and we're dealing with businesses

and when a business or a company goes bankrupt

the shares that you holding turns to toilet paper think about lehman brothers and

citigroup aig et cetera

today the shares of these corporations are worth almost zero

on the other hand currencies

don't go to zero because

countries in general do not go bankrupt

at least not the major currency pairs that most of us are trading for example the

u_s_ dollar the british pound the euro

the yen and swiss franc

also

the forex market is highly liquid

the estimated daily volume to be between three trillion to eight

trillion

dollars a day

this means that the forex market is bigger than all the world's stocks

bonds and futures markets combined

to the trader it means one thing

the ability to enter and exit the market

freely in other words

there is always a buyer and a seller in the forex market

make money twenty four hours anywhere in the world

you can make money twenty four-hours-a-day non-stop because the

market does not closed

in forex

and traders can execute their trades from any location

at home

at a coffee shop in paris

or a park in london or even on top of the great wall of china so long as there is

internet access

so this sounds really wonderful right

number three forex

allows you to profit regardless of market conditions

whether the market is up or the market is down

you can make money

make money in the bull market

make money in the bear market

perfect isn't it?

high leverage

use small money

to make big money

you can trade forex starting with as low as a few hundred dollars

and with the high leverage offered by the brokers your few hundred dollars

allows you to control a few hundred

thousand dollars worth of currency

now talk about using other people's money to invest

and you hear these four points and you were sitting there in your chair

you're just totally mesmerized

it was love at first sight

you have found the perfect way to making money

or have you?

the truth is

from that very moment on

your mind has actually been programmed

with an inaccurate picture of forex trading

now i'm not saying it's wrong

these four benefits are true

but they are not the whole truth

and that's the problem

as someone said a little knowledge is very

dangerous

so let's take a test right now and see if you have

the correct

picture of forex

now

when you think about investing in stocks or futures or the forex market

what is the picture in your mind

this perhaps

that's true

on the left you have the famous new york stocks exchange you know that's where all

the action is

and on the right side is the u_b_s_ investment bank

trading floor

i think it's located somewhere in connecticut

it is noted by the guinness book of world records as the largest

trading floor in the world

it can house about one thousand

four hundred brokers and traders

and is the size of two football fields

pretty impressive uh...

but is this

the real financial market place

is this

where all the action is

well this is the financial market place that the ninety five percent losers see

so what do the five-percent winners see

well what they see is something quite different

you ready for this

welcome to the real financial market place

yes you saw it right

it's full of sharks

hungry

blood thirsty sharks

let me introduce to you the biggest shark of them all

your friendly broker that's right

you're thinking the broker

it can't be

my broker is different

my broker treats me great he gives me state of the art trading platform and

gives me all kinds of wonderful charting softwares and ea-s and he

gives me daily market reports and daily trade recommendations

and they don't even charge me a single cent for it all

look my friend

i don't care how reputable your broker is

how many ea software they give you for free

how many industrial awards they have won i mean they could be nominated for the

nobel prize for all i care

they are still sharks

and when they look at you

they see only one thing

shark bait

i'm telling you it's true

look i don't have the time to share with you how the brokers play a role in you

losing money in forex but let me just say this

the broker takes a spread from all your trades

your winning trades

and your losing trades

so the more you trade

the more money the broker makes

the broker doesn't really care whether you're winning or losing

it just wants

to give you every

incentive

to trade more

and so most readers would tend to over trade

and that's why they are the ninety five percent losers

most traders after attending some forex seminar two-day course

they'll walk out of that seminar with such a warped perspective that it's unbelievable

and most traders really live in a fantasy

and the fantasy is

well they have learned some techniques have learned some highfalutin

hot strategies

they know everything

or they think they know everything

they feel like the macho hero... the john wayne... or rambo

ready to conquer the market

ready to ride the big bad sharks so to speak

when in reality

this is the reality

they are just a little tiny gold fish

swimming straight

from the forex course

into the jaws of a waiting shark

now i promised you this ladies and gentlemen

you will never have such fantasies coming out of this forex seminar

the thing is

if you swim with sharks

chances are pretty good that you will be eaten alive

did this scare you

if it did... i apologize... that's not my purpose

the point i'm trying to make with this slide is this

you may have read all the forex trading books out there

you may know all the latest charting techniques