Copyright (c) 2009 Gecko Software, Inc., All Rights Reserved.
Preparing For Battle:
The 1-2-3 Knock-Out Punch.
Written by: Lan H. Turner, CEO Gecko Software, Inc.
The last thing we here at Gecko Software want is to send you into battle
with the Forex market unprepared. Understanding the Forex market, how
it works, and how it trades is key to your success. Find below 10 lessons
to help you get up and running as quickly as possible:
* This course alone generally sells for over $200, and is a free bonus, just for purchasing Track 'n Trade LIVE!)
Trading Forex, The 1-2-3 Knock Out Punch.
Lesson #1: The Forex Flight Center
Navigating your way through any of the financial markets can be overwhelming. The trepidation
experienced from the extremities of high altitude dropping down to low, can cause even the most
steadfast person to feel queasy.
Lesson #2: Forex Cadet Flight Plan
There are millions of traders out there who come to the financial markets and expect to profit – that
is absolutely absurd! First of all they have no or limited knowledge or understanding; they have no
plan of attack or understanding of what they are trying to achieve (personal & financial goals); and
they certainly have no Trading Plan.
Lesson #3: Forex Cadet Airplane Hanger
In this lesson we will explore the various instruments and tools available to the Forex Trader. This
analysis comes under two headings; technical analysis and fundamental analysis.
Lesson #4: Forex Cadet Pilot Training
Emotional control makes a massive contribution to the success of a trader. The secret to trading is
not in a particular secret plan or set of strategies that you need to uncover, instead it is the ability to
always remain emotionally in control; detaching from any external influences that will be tempting
you to take actions which are outside of your Trading Plan rules.
Lesson #5: Forex Flight Contingency Plan
A contingency plan is an amazing foresight into potential emergencies, and many scenarios that are
not blatantly obvious. Airlines have teams of consultants imagining absolute ‘worst case scenarios,’
then creating systems and procedures around them in the event that they ever arise.
Lesson #6: Forex Joy Flight, Downward Spiral
When I express to people that you can also make money when prices fall, a strange blank
emptiness passes over peoples faces, then an awkward half-smile appears and they suddenly
change the subject as though they didn’t even hear what I said.
Lesson #7: Forex Cadet Flight Simulator & Take Off!
Back Testing is the process of applying your trading plan rules back over historical data. The
brilliance of this is that you can ‘experience’ various market conditions (bull, bear and sideways
markets) over a shorter time frame (hours), which in reality would have taken months or years.
Lesson #8: Forex - Market Cycles
There is an amazing phenomenon within the financial markets that can help traders to enter and
exit turning points with great pinpoint accuracy. This phenomenon is known as ‘market cycles.’
These cycles regularly present themselves in every market and in every time frame.
Lesson #9: Forex Market Reversals
For the astute investor, reversal patterns can alert them to changes in the markets underlying trend,
giving them earlier entry into a new trend or a hasty exit from one that is about to end. These
patterns are made with bar charts, candlestick charts, and swing charts.
Lesson #10: Trading As A Business
Aside from what many people believe, trading does not need to be so complicated and expensive to
set up. Depending on what your trading goals are, it is these that will determine how complex your
set up needs to be. Regardless if you are trading full or part time, you really need to treat your
trading like you would any other business.
A lot of hard
work and the
right tools, and the right
team behind you, that's
really all you need.”
Trader & Author