5 Key Advantages of Trading in the Forex Market

Many MarketClub members trade or at-least keep an eye on the Forex market, and for good reason, it is THE largest market in the world.  We do however hear many misconceptions daily about the Forex Market and many traders still have the mind set that it is not for them. That may very well be the case, but as with everything it is best to fully understand all aspects. I've invited Forex Pro, Jason Fielder to shed some light into the world of Forex and why he likes it so much. Be sure to check out his article below and grab a copy of his new report for more on Forex.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The Forex Market is the largest financial marketplace in the world...The Bank of International Settlements estimates that average daily turnover in the FX Market is around $4 trillion. In comparison, the New York Stock Exchange turns over about $75 billion a day. That means the FX Market is over 50 times larger than the NYSE!

In the last 10 years, traders have swarmed to the Forex Market due to its many advantages. In this article, we are going to discuss 5 key reasons why the Forex Market is so attractive to traders. Continue reading "5 Key Advantages of Trading in the Forex Market"

The Giant Flaw In Correlation Trading (UPDATE)

Last week Jason Fielder gave us some general insight on correlation trading, but today he pulls out ALL the stops and dives deep into a proven method for successful correlation trading! Jason said the only way he would teach this much is if I mentioned his free webinar that focuses on correlation trading! (Please see Ed note below)

Ed Note: The webinar has passed and Jason is now making live his Correlation Code, please check it out.

====================================================================

I have some unfortunate news for you Trader's Blog readers, correlation trading does have one GIANT FLAW.

While correlations will tell you that a move is about to occur, correlation alone doesn’t tell you which pair is moving or the direction it will be moving in.

In other words, you know you need to put on a trade, but you don’t know which pair to trade or whether you need to buy or sell short. This massive limitation in correlation trading has stifled traders for years, which is why so few traders use correlations despite its obvious benefits.

Of the handful of traders who did trade with correlations, most just used it as a filter to increase the accuracy of an already-profitable system.

Well I for one wasn’t willing to stop there...

Continue reading "The Giant Flaw In Correlation Trading (UPDATE)"

What Is Correlation Trading And Why Is It So Powerful?

We've spoke and taught about correlation trading before here on the Trader's Blog, but today I've asked Jason Fielder (a multi-time guest blogger) to give us his insight on correlation trading. The below article is an excellent read and I HIGHLY recommend taking a few notes so you don't miss anything. Jason has told me that he will be responding to all comments and questions you post below. Also, he wanted me to give you a heads up about his new Correlation Cheat Sheets...so check that out if you have some time...but read the article first!

=====================================================================

Correlation Trading is a style of trading that is gaining momentum between traders “In the know”. In fact, the momentum is so strong, Correlation Trading is the cover of this month's Futures Magazine!

As soon as you understand this methodology, not only you will understand WHY it's so powerful, you'll immediately want to get your hands on a few correlation strategies. Correlation trading is all about discovering a way to see what I call “cracks” in the market.

Now for the really interesting part...

Continue reading "What Is Correlation Trading And Why Is It So Powerful?"

Speaking Like a Pro: Learn Forex Jargon

As Forex trading becomes increasingly popular, more of your friends will expand their vocabulary...and you don't want to be left behind! Jason Fielder has laid it all out below and is willing/able to answer any of your other questions about Forex via the comment section. So try to stump him in the comments, and check out his Triad Formula if you're ready to take the next step in your Forex trading.

===================================================================

One aspect of trading the Forex, or even talking to Forex traders, that can be really intimidating is that the Forex market has an awful lot of jargon. For those of us who have been trading for years, the jargon comes as second nature. If you’re just getting started, then it’s easy to see how intimidating that can be.

This article will set out to help you get started. There is a lot of Forex lingo, but at least now you’ll be able to jump into the game a little bit more after knowing these common Forex terms:

Continue reading "Speaking Like a Pro: Learn Forex Jargon"

Pulling the Trigger

Last week I asked Jason Fielder from TriadFormula.com (who has 2 webinars tomorrow, 2 times 1pm eastern and 8pm eastern that you should check out) to teach us a little bit about scalping! Everyone seemed to enjoy the article so I asked him if he could come back and break down the always hard 'pulling of the trigger'. Please enjoy the article, comment below, and check out one of his webinars tomorrow!

=====================================================================

Recently I conducted a survey that had the question: “What is your single biggest question about trading?” There were numerous responses, but one that I kept seeing over and over again was…

"When it comes time to place a trade, I just can’t seem to “pull the trigger”.

In my experience, people have trouble “pulling the trigger” for one reason and one reason only: fear. There are three main issues that generate this fear, and all three issues boil down to the trader’s belief about himself, his trading system, or the market. The first is a trader’s psychology. The second is the trader’s confidence in their trading system, and third is position sizing.

Let’s take a look at each one of these factors…

Continue reading "Pulling the Trigger"