Before start presenting my investment methodology in forex. Let me do a brief introduction about myself. I am a full time Forex Trader. I have worked my way throughout the industry as a Forex Trader, Broker, and Analyst with a few brokerage houses in Singapore and Hong Kong after graduation from one of the university in UK. My trading experience traces back to 1999 when I suffered my first forex trading loss. Not understanding why I lost money in forex markets even though I has been armed with formal education in Accounting and Finance in United Kingdom, I became curious about how the forex market really works. This led me to pursue the study of technical analysis extensively and have had taken mentorship under a couple of investment gurus in the fields of futures and forex.
My situation is still the same. I have been in the trading trenches, sweating, stressing and wondering if I should even be in this forex trading. In fact my very first account had a 55% draw down. I was using an unproven system (although like many of you he thought it was proven at that time). It took me long time to bring it back. Look, I am not an investment guru like a lot of people outside claim. I am an ordinary person who walked through the whole process from nothing to a consistent and profitable trader via my trading experience and discover a consistent method to trade profitably in forex market. I know what it is like to go from fear, stress, to stress to more stress. I know what it is like to finally make it in trading and quit the regular job. I know what it is like to recognize and modify systems until you literally pass out on the trading desk late at night. Eureka! I finally know what it is like to crack the forex trading code and trade profitably and confidently over long periods of time. I know what it is like to mentor other traders until they break the cycle of winning and losing to finally become consistently profitable traders. Helping others break through is just as rewarding as my own successful trading.
To success in forex trading market, one must have an edge in trading, right methodology, knowledge, skills, risk management and right attitude and psychology A lot of traders know these theories, and why it is merely 5% of the traders become successful and profitable. The reason is very simple, 95% of the losing traders apply the same methodology and theories to trade. They possess the same interpretation for certain chart patterns, moving average, head and shoulder. When all those 95% of the traders judge these from the same perspectives. The result is always miserable for them and what they wish and hope will not come.
In forex market, the wealth of the 95%losers will be transferred to the 5%winners. This is the FACT! in long run.
My own philosophies about forex market are forex market will form its trading amplitude every day and the market only moves in 2 directions either uptrend or downtrend. I cut side trend out because it doesn't help me to form my trading strategies. Here, I want something straight forward. and we make money when the market move up or down. I do not bother side trend which is in much small fluctuations which I consider NOISE.
My methodology, trading strategies and ideas are based on these two postulates. I discover that when I use a different perspective to analyze and judge the market. I found a consistent winning edge in forex trading.
Forex trading involves a substantial risk of loss and is not suitable for all investors,
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