Hallo, my name is Terry
and I have been trading on the
Forex Market for about 7 years.
You can find more of my
background by clicking on my
profile picture.

During this time, I have amassed considerably Forex experience
and have created my own very successful Forex Trading system,
which has both a high win:loss ratio and expectancy value.

Expectancy value is a measure which indicates how much you can expect to
earn from your Forex trading system over the long haul for every $1 placed
at risk.

Whatever is said, without doubt Forex Trading is a very difficult subject
to master and it is very easy to lose your shirt by trading it.

I will attempt to correct this by showing you how to design your own Forex
Trading System carefully and under control so that you do not risk money
that you can ill-afford to lose.

I must warn you that this will not be a quick fix but will require you
to do some work. However, this approach is surely much better than
mindlessly gambling in an uncontrolled fashion.

The cornerstone of my hub information is the findings from my recent
experiments. Some of the results differed significantly from those predicted.
The analysis of these discrepancies encapsulated the core reasons for why
so many Forex Traders fail. You will be amazed at the findings.

First, however, I need to present the information that will provide the
premise for the experiments.

As the Forex is an extensive study, I will probably need to
produce quite a large hubs to fully achieve this task.

I will provide a full INDEX at some stage to allow faster
hub navigation especially for the more experienced Forex Trader.

Earlier hubs will be updated as this process proceeds with further
clarification, if required.

Although, our own resources pale against the monstrous Forex,
nevertheless we must develop an attitude that in the battle ahead we will
except nothing less than all-out victory. My hubs will show you how to do this.

The aim of this course is to both cut through the hype
about Forex Trading as well as providing you with a
detailed strategy that will help you trade successfully
even during the most difficult times such as now.

I will  take you behind the exaggerated marketing
publicity of this subject so that you can gain an
improved awareness of what to expect when you start trading.

As you are no doubt know, the Foreign Exchange Market
involves the simultaneous buying of one currency and the
selling of another.

Many Retail Forex Brokers exist who offer individuals the
opportunity for speculative trading on the Foreign Exchange
Market.

They and other interested parties promote heavy marketing at
all times claiming how easy it is to make a steady income if
not a fortune by Forex Trading. Amazing Forex products are advertised
informing new Forex traders about training courses, trading strategies
and tools all designed to guarantee almost certain success.

However, statistics paint a different picture indicating that
95% of all new Forex traders lose their entire invested capital within
3 to 4 months from trading startup. Only 1% of traders
actually made a significant fortune from the Forex.

So why is there such a discrepancy between the marketing hype and
the real results?

Why is Forex trading so difficult and what are you not being told?

These problems are difficult enough to deal with in calm times
when the Stock Market is doing well but are irritated further during
volatile times such as those that have existed during
2008 and now into 2009.

My intention is to provide you with some clarity and insights into
these questions during this course.

In other words, I will introduce you to the ‘Dark Side of the Forex’.

As the Forex Market is so big, there must be room
within it for you to make a profit especially
with such great trading tools available.

Unfortunately, this is not the case and you need to view this
business in a different way to understand why.

As stated, the daily turnover of the Forex Market exceeds well over
$3 Trillion dollars. This colossal figure is the total sum of
all the transactions initiated by a massive number of participants
trading worldwide on any given day. In addition, some of these Forex traders
are large corporations and governments who have substantial budgets
at their disposal that may well exceed billions of dollars.

They can generate, just on their own, very large movements in
currency pairs (spikes) by the sheer size of their transactions
and can do so without warning to the rest of the market.

How does this affect you? Well, consider this sequence of events as
an example. Supposed you have initiated a Forex trade, which after a number
of hours of hard work, is proceeding in your intended direction as
planned.

You decide to take a break and maybe even brag to your partner about
your latest success. After 10 minutes or so, you return to your PC
station only to discover that a massive reversal has occurred completely
obliterating your position including any potential profit . This type
of event can happen frequently with no prior warning of any type.

Now suppose you decide to enter the fray with the princely sum of $1000
(one thousand dollars), you would quickly realise that the Forex Market
is the equivalent of a hurricane tossing you about like a rustic leaf.

One famous Forex advert used to say that if you do not trade the Forex
then you are leaving someone else to pick up $5 bills of the marketplace
floor. In reality and if you had been actively trading in those days,
the aforementioned $5 dollar bills would more than likely have been yours.

In fact, after trading for a while, you can quite easily become paranoid
developing a feeling that the Forex is haunting you personally awaiting to
crush your next move without mercy.

So, is it possible for an individual with limited resources to make profits
trading the Forex? Yes, it is but to do so you fundamentally need to
complete a sequence of consecutive successful Forex trades as often as possible.

What does that really mean and is it difficult?

To answer these questions, consider the following analysis.
For each trade, say you will need to target an achievable profit e.g. 50 pips
that may require you to trade, on average, for about 4 hours.

In addition, you will then need to obtain a consecutive sequence of
successful trades in order to obtain a good profit e.g. 20.

This study, therefore, implies that you will have to trade on the Forex for
80 hours to achieve your targeted profit. This is both a long time and a very
daunting prospect as the Forex Market is anything but stable and is, in fact,
capable of producing brutal, unforgiving and vicious movements at any given
time without warning.

New traders think they can trade consistently with an 80% accuracy.
They think they can turn $1000 into $100,000 in six months.
They think they can predict turning points in their given market
to within minutes. They think they can buy a system that is 100%
accurate. They even think they will quit their jobs and make a
living full time after a few months of trading.

What's the reason that so many new Forex traders believe that trading is an
easy way to make money? Propaganda!

We are continually bombarded in magazines,
emails and the general media by claims of making astronomical amounts of money
by just applying the vendor's latest method or system.

Forex Trading is not an exact
science. You can't do X and get Y every time. It is as much an art as it is
anything else. There is no magic formula.

Forex Trading is all about probability.

It is the art of correctly applying a set of carefully thought out rules and
allocating the probability of that event to result in success.

Each trade is an independent event. The market does not
remember if you lost or made money the last time you traded.

In conclusion and just to start with, your Forex trading system must at least be able
to cope with all these difficulties.

Good Luck with your Forex Trading.

If you have any queries, please leave a comment and
I will do my best to answer them.

Regards,

Terry Allen

Please be advised that Foreign Currency trading involves substantial risk of monetary loss,

All information contained on this website is provided as general
commentary and must not be constituted as investment advice.

I will not accept liability for any loss or
damage, including without limitation to, any loss of profit,
which may arise directly or indirectly from use of or reliance
on this information.