Peter, himself, learned how to trade in the early days of his career from some of the top traders in reputable trading houses. Peter spent an 18-month period learning anything and everything he could about trading the Forex. Over time, he developed his instincts for a simple yet powerful Forex trading system based on his Pivot program which has been continuously refined over the years. His system consists of the same techniques used by many trading houses today.
The forex market is a very volatile market. When the market is volatile, traders get lessons on how to hedge, develop and acquire broad/diverse portfolios, and act on low leverage to exploit the prevailing market condition. There are two different types of volatility. They are historical and implied volatility. The former refers to the normal price action with respect to a period of time (say, a month or year). Abnormal current and future price action is referred to as implied volatility. It often exceeds the historical range when compared with the historical price action.
The main categories of forex strategies used by traders include: Fundamental Strategies, Technical Strategies and Popular Strategies. Fundamental forex trading strategies are dependent on the fundamental economic indicators of a nation and other political events that happen in a nation. Technical forex trading strategies rely on the statistical and mathematical models of the currency prices and the analysis thereof. Popular trading strategies are always a combination of the fundamental and technical analyses.
Peter Bain and Lennox Chambers created this system to help confused traders approach the Forex trading differently. They want to make it simpler and more mechanical with less subjective interpretation of the rules. They created Simple 1-2-3 Forex Trader with the goal of making Forex trading more accessible and less tedious. Lennox has been trading the S123 strategy for over a decade and recently applied these techniques to the Forex with spectacular success. Peter is the founder of Forexmentor.com with 20 years of trading experience and has mentored thousands of Forex traders in the past 15 years.
Forex Mentor is an outrageous fraud. The company was founded by a former futures broker with a very shady past of selling get rich quick, Forex trading educational programs. After 5 separate CFTC reparations cases alleging financial fraud, and 3 NFA violations and fines totaling nearly $300,000, he finally left the futures brokerage business in 2013.
If the indicator can establish a time when there's an improved chance that a trend has begun, you are tilting the odds in your favour. The indication that a trend might be forming is called a breakout. A breakout is when the price moves beyond the highest high or the lowest low for a specified number of days. For example, a 20-day breakout to the upside is when the price goes above the highest high of the last 20 days.
I have been totally blown away by all of the information you have been providing us! I have been getting my trading education over the past 11 months and it always seems that people will only give you part of the information and always leave out the most important parts. And I am talking about information that I am paying for! You my friend give us the full meal deal and we are so grateful for that. You Rock!!
However you decide to test your strategy, you need to understand the results you get. Intuitively, you would want to judge the results according to strategy's profitability, but you should not forget about other important parameters of successful trading strategies. They are: low drawdown sizes, short drawdown periods, high probability of winning, high average reward-to-risk ratios and big number of trades. Ideally, your system should earn equally well on bullish and bearish trades, the resulting balance curve should be consistent and uniform, without significant drops or long flat periods.
Yep, why continue to be a realtor with that kind of 99% win rate. She would be doing better than “Karen” the supertrader and have big money investors dump hundreds of millions for her to trade with. All these ts reviews have proven none/99.99% of these sham artists don’t trade live or have stopped trying to trade live-losing in the years since they successfully procured a “consistent” periodic churn of dupes.
Shirley promptly picked up the telephone, as she must have thought that I might have wanted to hire her as a realtor. I told her that I was confused, why is she selling real estate and hustling to make a buck when her trading track record reveals that she is one the most profitable traders on planet earth? Our conversation quickly went downhill. She then refused to speak with me further and requested that I contact Vic Noble about the supposed returns on investment.
On November 1, 2017, Darko Ali joined Vic Noble as a trading coach and mentor. Darko was a losing trader for many years until he made a fundamental shift in his attitude toward trading. That was in April 2016, and he has been profitable ever since. Darko’s simplistic yet highly effective teaching approach has attracted rave reviews from our CC members, but of particular note are the Pre-Market Analysis (PMA) videos that he provides, in advance, for the CC members every single day – all included in the CC subscription price. This service alone is a resource that is second to none on the internet. But don’t take our word for it. See the testimonials below (and we have many, many more).
76% of retail accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Coach's Corner was developed by long time trading coach and commodities broker VIC NOBLE in early 2006. After working with high net worth clients, and providing personal coaching services to traders, Vic saw a huge need for trader education. Leaning on his years of experience, and viewing the habits and attributes of both the losing and winning traders, he started the Coach’s Corner mentoring service in order to help traders avoid the common pitfalls, and to provide a sound trading approach that is not just technically based, but one that encompasses many other factors, notably the very difficult psychological challenges that trading presents.