Disclaimer

Futures, forex, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using these methodologies or systems will generate profits or ensure freedom from losses.

Bill Poulos Forex Coaching – 5 Reasons To Get It

In a previous post, I wrote that Bill Poulos is offering a scholarship to his upcoming coaching event.

Not all traders would be able to get into this coaching even if they decide they wish to pay for it. You have to fill an application to become eligible.

You should definitely fill out the application even if you have no intention of ever signing up for this coaching for two reasons:

1. You get a lot of “on the house” Forex training material from Bill Poulos himself. This stuff is good enough to be sold as a product in its own right, so make sure to get it before it’s taken down.

2. You become eligible for a scholarship giveaway to Bill Poulos’s Forex coaching training. This is going to be one of the best ways to learn how to propel your trading skills forward, to become a better and more formidable trader and to boost your earning potential.

Go here to fill out the application: Bill Poulos Scholarship Giveaway

Now that we have discussed why you should fill out the application, let me share with you why I think that this Forex coaching may be the best thing for you. Here are 5 reasons why I think getting a Forex coaching from Bill Poulos is a good… no, scratch that, a great thing:

1. Bill is truly a gifted teacher. He may not be the most charismatic guy on the planet but he knows how to deliver material about the financial markets and Forex in particular. You will be hard pressed to find someone who knows more and teaches better than Bill Poulos and I’ve gone through a number of his courses.

2. With the coaching, you get the Forex Profit Accelerator Course for free. This course normally costs $2,000 and you’re getting it as a bonus for the coaching. This is an excellent training course and you would be wise to get it and follow it.

3. Bill Poulos is a well known expert on risk and money management, two often overlooked keys to long term trading success. Forget about suffering crippling losses. Bill will teach you everything you need to know about it.

4. You’re going to be one of a select and exclusive group of students. This isn’t some cheap product that tens of thousands of traders can get. You’re getting a major edge in the market. This is what you need to succeed.

5. This is coaching, not a course, not some email support system. There’s no better way to get the kind of training that you seek, to find answers to your questions, to deal with the problems that you may have, than with this coaching.

To sign up for the application and a chance to get this coaching for free, visit:

Bill Poulos Coaching Application and Scholarship

March 6th, 2010 | Tags: , , | Category: Bill Poulos Forex | Leave a comment

Bill Poulos Forex coaching Scholarship

A few days ago I posted about an upcoming special Forex training session with Bill Poulos called Forex Smart Start Profit Strategies which was held yesterday. Thousands of traders attended what was one of the most high quality information packed sessions I’ve seen in months.

If you haven’t seen the session, there’s a replay of it here:

Bill Poulos teaches Forex strategies replay

Now, it seems that Bill Poulos is going to take this a step further and he’s doing it with two steps:

1. At the end of the session, he invited all traders to submit applications for additional complimentary training material. Not everyone will be able to get in so I recommend taking the time to fill in these applications in the right away. You can do so right at the end of the training session here: Application for Forex training.

By applying you will not only get a set of tips and techniques that work in the current market but will also be eligible for a scholarship to a brand new and unique coaching group that Bill Poulos is assembling.

Until now, you’ve had to pay upwards of $10K to be coached by someone of Bill’s caliber but now he has decided to take on a small group of traders and offer them the closest thing to 1-0n-1 coaching… and all at a fraction of the cost of regular coaching.

The first group begins coaching this Monday, March 8th, and trust me, you want to be on it.

By filling out your application, you are under no obligation to sign up, but you get a chance to get a scholarship by Bill to attend his coaching at no cost to you. How sweet is that?

Just take a few moments and fill out your application. I’ll keep my fingers crossed for you to be chosen for the scholarship.

Here is where you apply: Application for Forex training.

March 3rd, 2010 | Tags: , | Category: Bill Poulos Forex | Leave a comment

5 Forex Trading Mistake New Traders Tend To Make

There’s no time as dangerous in your trading career as when you’re just starting out. New traders tend to make many mistakes and many of them lose so much money that they leave Forex forever, believing it’s all a scam. Often, they’re so traumatized that they can’t stand the thought of ever trading again.

To make sure this doesn’t happen to you, I recommend going over the following trading mistakes that many Forex beginners tend to make and making sure you’re not guilty of making any of them:

1. Thinking you know it all – Trust me, when you begin trading you’re practically ignorant. Even if you’ve taken a good course for beginners, like Forex Nitty Gritty, for example, you still know very little about the market and you must develop your experience and hone your skills over time. So, don’t get cocky. You’re still in basic training.

2. Using insane leverage – It’s very tempting to trade with a 400:1 leverage as some brokers offer. However, when you’re using such a high leverage, you’re putting yourself in tremendous risk. A small shift in the market in the wrong direction and your loss will be multiplied by 400. Trust me, this can wipe out a significant portion of your account. Until you become more experienced, stick to low leverages. Up to 20:1 at most.

3. Buying everything under the sun – It’s good to invest in your knowledge and to get some Forex trading tools. However, don’t jump from one product to the next. Make sure you study each course as it should be studied and make use of each method and really master it before expanding your tool arsenal. Beginners tend to try to find the next best thing all the time, but they never stick with any product long enough to see if they’ve really found anything worth using. Don’t make this mistake.

4. Test, test, test – I don’t care how good a product looks or how much it’s advertised to be able to make. It hasn’t worked for you yet, so make sure to test it well. Demo test each new system before moving on to a micro-account and test it some more. Only after you’re sure you have a good tool or system should you begin trading large sums with it.

5. Giving up too soon – Forex is a tricky business and you may suffer great losses, especially in the beginning. However, don’t be quick to give up on yourself. Use losses as learning experiences and work hard on your trading education and skills. Only by being determined will you be able to fulfill your Forex goals.

These are not the only mistakes new traders are prone to make but they’re a good place to begin making yourself a better trader.

March 3rd, 2010 | Tags: , , | Category: Forex trading | Leave a comment

Pound Plummets To 9 Month Low Against The Dollar

Yesterday was a sad day for the British Pound as it dropped to a 9 months low against the dollar and a 1 year low against the Yen.

The main reason is the growing deficit of the British economy and a recent opinion poll of British voters which returned inconclusive results for the upcoming election.

After long years of Labour Party rule, the Conservative Party leader, David Cameron, appeared to be headed for a certain victory in the forthcoming elections which are to be held at the end of May.

The economic situation, the continued war in Iraq (where British forces are still deployed), and various scandals cut away at the support Labour enjoyed over the past decade and marked a return of the Conservative Party to power. However, the recent poll showed that this was far from a certain victory.

Cameron, whose position on spending and the growing deficit shows promise of a more business oriented policy, has lost ground and is now holding on to a meagre 2% lead in the polls. This is well within the statistical margin of error so there is a very good chance that the Labour Party may yet prevail and remain in power.

Should this happen, there may be more asset buying by the government and an even greater deficit, which does not bode well for the Pound.

In any event, it seems that the elections will be a close affair with neither party being able to achieve a forceful majority in Parliament. A minority government (that has not been in Britain since 1974) is unlikely to be able to take the swift and unpopular financial steps that many traders view as necessary to reinforce the economy and bolster the Pound.

This is why the Pound went into a free fall yesterday and why its future remains bleak. All this plays in favor of the USD which is enjoying a nice upward trend over the past few months against the GBP and the Euro.

March 2nd, 2010 | Tags: , , , | Category: Forex News | Leave a comment
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