Forex Mentor – Chris Lori – Optimal Trade Entry and Position Management
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“Just wanted you to know how extremely informative and helpful your December 19th Webinar was for me. I have been trading Forex about a year and I have been concentrating on “entries” to improve my trading performance. Your “Big Stones” entry and emphasis on “Key Levels” is right on for me.
I have been trading your strategy in my demo account and have included my history. There are 5 trades made post Dec. 19 using your material and all trades were winners. Account Balance now $7269.47. I think three were made as pending orders and played out with little or no supervision. I am working exclusively with E/J and Pound at this time. The key information to me here is ALL TRADES WINNERS. With my live account there would be less risk and a lower percentage of limit orders, but all the chickens came home to roost and that is very exciting for me.
Thank you, Chris. I have been trading about a year and place a high emphasis on training. I have done a fair amount of live trading sandwiched between intense periods of research and training. I would like to be able to add more or your ProTrading approach to my strategy. Leaving town for a seminar is not possible for me at this time. The Webinars are perfect! ” – Gail Schneider, NC
Do you find yourself entering trades ONLY to have the market immediately move against your position by 5, 10 or 15 pips? Wouldn’t it be nice to cover the dealing spread shortly after entering most of your trades rather than suffering in a negative dealing range and hoping price would move in your direction, soon?
Question: Trading Psychology and Understanding the market aside; what are the two mostimportant components of realizing profitable trades?
Wrong Answers as indicated by typical traders:
“I Know! Don’t use stops, because I always get stopped out!” NO!
“Should I try using one technique one day, and if that doesn’t work, then try another idea the next?” NO!
“Double down if I’m losing on my trades?” NO!
“Stare at a short timeframe and trade with momentum, because it looks like it will keep going and it feels good?” NO!
“Do the same thing every trade and if it wins, it wins, and if it loses, it loses, but I will win in the long run?” Absolutely not!
THE CORRECT ANSWER
Understanding how, where and why to find an optimal entry point and effectively manage your trades once you are in the position.
In this one-of-a-kind interactive webinar, I will reveal how professional traders enter into their positions and how they manage their positions for consistent profits.
This is often an overlooked aspect of trader development. In my estimation, I see approximately 98% of novice and intermediate traders doing the exact opposite of what a professional traders do.
This practical webinar will teach you how to find an optimal entry point for your trade and show you the techniques to effectively manage trades. You will learn to…
- Understanding the current market environment and interbank flows that will affect your trade.
- Stalking your trade before entry.
- Understanding the psychology of the entry.
- Learn to make your mind comfortable when price wants you to feel scared and uncomfortable.
- Watching multiple price feeds to your advantage.
- Having patience, understanding price movement, and taking on the trade.
- Understanding volatility and profit target relationships, strategies on adjusting your stop, and managing the trade for maximum profit.
By the end of the event, you will have the knowledge you need to enter and manage your trades like a professional – vastly increasing your chance to profit from each and every trade.
I hope to see you at this event. You won’t regret it!
Chris Lori, CTA
Forex Trading – Foreign Exchange Course
You want to learn about Forex?
Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.