£45,000 in 1 Month

We have President Trichet speaking later this afternoon so it should be interesting what he has to say today. Today's news movers will be existing home sales in the U.S and BoC Monetary Policy. We will manage our positions accordingly.

Below is N.V's story I referred to yesterday. N.V has created a profit of £45,000 in the last month. You can read his story below.

I have been trading with very small capital for a while and during this time I had no clue why I made some profit or loss and the factors that contributed to it, I used to always think what you probably think how can I know what is going to happen next? There are a billion people in the market and anything could happen!! … rubbish!! This much I know there are some who seem to win most of the time in trading … this begs the question what is it that they know that I don't.

I started looking for a mentor who has been through this and understand the Psychology behind trading. I then met Javid what caught my attention was his knowledge trading and more importantly his focus and command over his emotion. Only after a few conversations with him I immediately sensed that he is a seasoned and experienced trader and this was the mentor that I was looking for. I then managed to persuade Javid to teach me some of the techniques (for a fee of course). During the training some of the mysteries around trading started to blur away and I was able to find the answers to the 'why's and the how's' and truly understand the power of using strategies in trading. Although at the time some of the techniques seemed to make sense once I got back to my trading desk I was still a bit a bit nervous, only this time I was able to predict the direction of the position and almost magically it happens as predicted.

Now for the numbers I ended up making a 200% (yes two hundred and yes your bank gives you 5% for a year) return in a month time, after which I lost out on a bit but this is down to psychology (you may experience this too that after a series of wins you will start feeling invincible and let go of the strategy and then you make mistakes). The key is to stick to the strategy. For me now I am focussing on consistency, once I get my consistency and my psychology sorted I can kiss my 100K/year job goodbye.

I sometimes ask myself why is Javid doing what he is doing why is he sharing his secrets and techniques with others but then again I don't understand Mother Teresa either, someday I will !!!

Cheers & Good luck,
NV

Forex Analysts
Javid Shaik & Anne Chapman