Forex & Option Trading

If only 5% of traders make money, why are the other 95% losing money? Are these loses due unfair markets or is there another reason? It seems to me that the least important subject for most traders, personal emotions, may be the reason behind these loses. I realize now that my early unsuccessful trading was more due to the emotions of fear and greed than any other factor. Learn more of how I decreased emotional influence so that I could trade profitably.

Treat Your Trading Like a Business is how successful traders conduct their trading activity. In order to achieve this, the trader needs to select a financial product that will fit their risk tolerance and emotions. I discuss the 5 major financial products that are suitable for the retail trader: Stocks & ETFs, Equity Options, Futures. Options on Futures and Forex. We go into a detailed description about each and talk about the risk and margin involved.

If you want to treat your trading like a business, its necessary to have a trading plan. Prior to producing the trading plan, one of the initial decisions is; what trading strategy will I use? In this Podcast I discuss the 5 major factors that need to be considered: 1. Trading Account 2. Risk 3. Time available to trade 4. Trend or reversal trading 5. Recording trades

As traders, we are often told to treat our trading as a business. This doesn't really tell us what we need to do. The presentation goes into the five most import items that need to be considered when setting up your trading business. Comparison is also made between a simple business and how it would relate to trading. www.donchiantrader.com

This is the final segment of the Live Forex Training presentation describing how trading is conducted in my Basic Forex Trading System. In part 6 there is further discussion on placing orders and setting up targets #1, #2 & #3. Margin is also discussed for forex pairs. Further details on the training system can be found at www.donchiantrader.com

In part #5 we continue setting up trade examples. All are set up using a trading plan that takes into consideration both money management and risk management. Also discussed is the OCO trade and setting up entry prices, targets and the stop loss. www.donhiantrader.com

From the live presentation, in Part 4, we are discussing how news may affect forex pairs. We looked at a EUR/USD trade. We compared commodity currencies and European currencies. We learned how to calculate the risk per trade, choosing the number of lots to trade, calculating the trade opening price, calculating targets and stop losses. Also discussed was how to evaluate the strength of a forex pair. www.donchiantrader.com

From the live presentation, in Part 3, we are continuing to discuss finding the strongest forex pair to trade and why this allows us to choose the forex pair with the highest trade probability. This is important because when an individual currency is getting stronger, it may present us with 7 different pairs to trade, while only 1 pair may be the highest probability trade. www.donchiantrader.com

From the live presentation, in Part 2, we are discussing how to determine the strength of a currency and a forex pair. One of the keys to be successful trading forex is, to find which forex pair has the highest probability of following through with its trending move. Part 2 uses the manual calculation of strength, however, in the Basic Course there is a calculator available. www.donchiantrader.com

I am posting the audio from a live training presentation that I recently made. There are 6 parts to the presentation. This is a discussion of the simple forex trading system that is offered on my website. The presentation covers the 10 steps to successfully trend trade forex. www.donchiantrader.com

The most famous Trend Traders are the Turtles. Curtis Faith in his book, Way of the Turtle, was the first ex-Turtle to release the details of the trading system used by Richard Dennis that made him tens of millions of dollars. This podcast provides a review of, Way of the Turtle, and a description of the most important points from the book. The Turtle Trading System is an integral part of my Forex Trend Trading Basic course at www.donchiantrader.com

For retail traders, there is alot of help available for those learning to trade usually at no cost. This is a review of a website xsprofits.com that has a great amount of information to help new traders and those looking to improve. This is especially helpful to those using Think or Swim or Tradestation platforms.

Silver is probably the most versatile of the precious metals for investors, traders and those accumulating silver against a financial collapse. The type of silver asset to use for each type of buyer will be different. See the advantages and disadvantages of each.

Of the 3 major precious metals, platinum is the rarest. Is platinum a metal that you should invest in or trade and if so, what is availabe?

Gold has fed man's greed since the begining of recorded history. Are you considering buying gold because of it's allure or for real economic and financial reasons? Michael DiPronio www.donchiantrader.com

We see alot of promotion for buying gold, silver and platinum but is this really for you? Is this just a sales pitch or are precious metals something you should consider? Michael DiPronio www.donchiantrader.com

Most people understand the concept of investing but has this allowed the average person to make any money in the last 12 years? Michael DiPronio www.donchiantrader.com

If you are going to trade, why trade foreign exchange? Is it really a means to make money? Michael DiPronio www.donchiantrader.com

Introduction to why I am implementing a podcast and the subjects that you will be able to hear about. Why forex and options? ETF's vs stocks. Trading psychology, the reason most traders lose money. Money Management. Risk management. Michael DiPronio www.donchiantrader.com