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Complimentary eBook: Download the full 60-page Deflation Survival eBook now
2009-02-15 00:26:00
Part 2 of Elliott Wave International?s expansive NEW Deflation Survival eBook is online now. The free 60-page eBook is packed with Robert Prechter's most important teachings and warnings about deflation. This is one of the most valuable resources EWI has ever offered at no cost. Learn more below or download it now ? for free.?????Greetings, We contacted you earlier this week to tell you about an exciting, free 60-page eBook our friends at Elliott Wave International have just put together. The new eBook is compiled from Bob Prechter?s most important teachings and warnings about deflation. Much like Prechter?s wildly popular Independent Investor eBook, this new Deflation Survival eBook will transform the way you think ? about inflation and deflation. Most financial experts were caught completely of guard by the real estate top in 2005. Many thought the Dow Industrials index would sour well beyond its 14,000 peak. Others saw weakness in U.S. stocks but said the dollar wo...
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Bold 2009 Prediction for You
2009-01-15 19:04:00
Here's my bold prediction for you in 2009!You will break your trading resolutions by the end of February.You will abandon your trading planYou will fall into the same destructive trading patterns you resolved to changeYour account will earn the same or less than in 2008 I know this this sounds harsh, but statistically speaking, that's what will happen to most traders. So, are you going to let this happen to you?True, statistics cover populations and not individual traders. The fact is, its traders who are outside of th enorm and trade with focused discipline that really achieve their financial goals. When is now the time to re-focus with discipline and dedication and really commit yourself to your trading plan?Today is January 15, 2009 and February is just around the corner. Let this be your wake-up call!Be honest with yourself and focus with the discipline of a seasoned trader on staying true to your trading plan or risk becoming a statistic!Happy "Disciplined" Trading!!ForexJour...

How to Use Elliott Wave Analysis to Boost Your Forex Trading
2009-01-10 04:17:00
A Free Trading Video From the World's Largest Market Forecasting FirmThis video lesson features Elliott Wave International Senior Currency Analyst, Jim Martens, demonstrating how you can use Elliott wave analysis to identify opportunities in your Forex trading.This is just a short excerpt. For a limited time, you can access the full $79 online trading course, FREE. Visit Elliott Wave International for your free access.You'll get all the details behind the analysis you see in this video preview.Watch this full $79 course, FREE. Click Here! Happy Trading!!Forex Jourey>
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Do you have what it takes to become a successful Forex Trader?
2008-04-13 21:36:00
Forex trading, or any trading for that matter, is an occupation that requires experience and the accumulation of proficiency not unlike any other highly skilled profession. Whether you are a leading executive at a major publically traded company, a professional golfer or trading from your kitchen table, there are 5 key ingredients that one must possess in order to become successful.1. You must be Passionate about what you do.As Forex traders we all face one unique set of circumstances that does not exist in any other profession. We get rewarded for when we succeed and equally punished when we don?t! Could you image a corporate worker one quarter receiving a significant accomplishment bonus and the next quarter actually getting money taken from their paycheck for missing performance targets? Not on your life! We do as Forex traders and that is why passion for what you do will carry you through the tough times that are part of your trading business. Asked yourself why you trade curren...
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Trust Yourself
2008-03-19 17:12:00
When you turn on the TV (especially mainstream media) you are inundated with news of the demise of the dollar. Business news, national news and even your local news channels are leading into events with reports of the dollar and the economy. Analysts are featured and opinions are smattered across the airwaves in an attempt to provide an oracle response to current economic events.Beware the source and follow your system.In these volatile times it is easy to get caught up in the hype provide by all the news media and analyst. It is natural to want to look for guidance. Remember to trust your system and more important trust yourself. You, after all, are the single largest determinant of your success.Your approach should remain consistent, almost impervious to the events occurring because you follow your plan with discipline and ruthless detail to executing at optimum performance.Be disciplined and follow your plan. If market conditions don?t suite your style ? sit this one out un...
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How to Adopt the Traits of a Successful Trader
2008-03-18 16:25:00
Hey Traders,Here's a post by Heather Johnson that will serve you well in your trading ? Enjoy!----------------------------------- ----------------------------------------- ----------------------Not all Forex traders were cut from the same cloth, but the most successful investors do have several things in common. Whether you are a newcomer to trading or you are a seasoned pro who is trying to improve your game plan, the following suggestions may help you out. Below are five ways to evolve into a successful trader:1. Become a lifelong student ? Never stop learning about the business you are in. If you think you know everything about the Forex market, then think again. The successful trader is a lifelong student who constantly absorbs new information about the ever-evolving climate of Forex trading. 2. Be courageous ? It's hard to overcome your fears when you are dealing with an unpredictable investment. Even if you are equipped with extensive knowledge about the market, you still have...
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Why the Fed is such a Lousy Wizard of Oz
2008-01-15 22:20:00
Another interesting articles from my friends over at Elliottwave.***************************** ***Why the Fed is Such a Lousy Wizard of OzBy Susan C. Walker, Elliott Wave InternationalSeptember 7, 2007 Central bankers who "follow the yellow brick road" end up in Jackson Hole, Wyoming, every Labor Day weekend for their annual symposium sponsored by ? who else? ? the Kansas City Fed. (Who can forget Judy Garland saying to her little dog, "Toto, I've got a feeling we're not in Kansas anymore," in the 1939 movie, The Wizard of Oz ?) The Jackson Hole Resort serves as the Federal Reserve's equivalent of the Emerald City, as Fed governors and presidents meet with central bankers and economists from around the world to discuss economic issues. This year, the symposium focused on housing and monetary policy. Usually, the Fed chairman kicks off the symposium and, this year, the new chairman, Ben S. Bernanke, did the honors. He closed his speech with these words: "The interaction of housing, ...

Regret Will Kill Your Forex Account
2008-01-09 18:15:00
OK, so you just pulled the trigger on a trade and every bone in your body told you not to. You violated the rules dictated in your trade plan and you watched a small profit immediately turn into a major loss.Sound familiar? What do you do?You get over it, that?s what you do! Regret over a bad trade will eat your account from the inside out. Regret is a more powerful emotion than most traders recognize. It is like the unwanted guest that keeps living off of your bank account until there is no more left. It takes most traders into a tailspin that they will never recover. It can lead to dangerous psychological results such as failure to pull the trigger over even worse, paralysis by analysis.?Yeah, but?? (I will save the disempowerment of this statement for another day)It?s not easy putting those emotions aside when your money is on the line. That?s why they called it trading, folks. In Forex someone is on the other side of the trade controlling their emotions and eventually c...
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Suddenly, It's a Bleak Midwinter for Housing and Lending
2008-01-08 01:00:00
If you're wondering how the housing market collapse in the US will impact your favorite Central Banker (and interest rates), here's an interesting article to help support your fundamental Forex analysis:******************************** *******Suddenly, It's a Bleak Midwinter for Housing and Lending By Susan C. Walker, Elliott Wave InternationalJanuary 7, 2008 In the bleak midwinter, Frosty wind made moan,Earth stood hard as iron, Water like a stone?(From "A Christmas Carol" by Christina Rossetti)Shawn Colvin sings a beautiful song based on this poem by Christina Rossetti, reminding us of the bleakness of midwinter. That is exactly where the housing market seems to be now ? facing its very own bleak midwinter of falling prices, rising mortgage rates and growing inventories.The latest report of the S&P/Case-Shiller home price index shows that the price of houses fell 6.7% in October, year over year. That is the largest year-to-year decline drop since April 1991.Think of it ? if y...

A Forex Trader?s Lifestyle
2008-01-03 18:11:00
Whether you are a novice Forex trader or a seasoned veteran one aspect you must always take into account is to ensure your lifestyle supports successful trading. Forex trading is no different from any other endeavor in life. Whether you are employee, employer or self-employed you must take the time and effort to ensure your environment is conducive to your success.Take a look at your surroundings and make sure your lifestyle supports you being a successful Forex trader. Take in all the factors of success (how YOU define success) evaluate your factors to make sure your trading is:Specific ? Do you have specific trading goals and objectives? Do you have a trading plan? Ask yourself is your plan to general?Measurable ? Do you have systems in place to objectively measure your performance? If you don?t know your numbers then do you really have a trading business?Has a Timeline ? Do you have a timeline for which you are measuring your goals and objectives against?Controllable ? There are ...
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The ONLY Difference Between Professional Traders and Amateurs Is ...
2007-12-31 20:51:00
He's a blog posting from one of my friends on mySpace, Barry. To close the year I couldn't resist posting this for thought!********************************* *******************Here's a revelation that changed my trading forever:"Successful trading is imply a business of not making mistakes."That has become such a cornerstone to my trading that I actually framed that saying and put it on my wall over my trading flat screens.One of the most productive things you can do to become a profitable trader is to make a list of your most common mistakes.Awareness is the first step.Then watch your behavior and don't allow yourself to make those mistakes any more.Each of us has her or his own challenges, so you must make your own list.But to get you started, I'll expose my sins and share with you what have been my most common mistakes over the years. This is the official list of my own 7 most common mistakes. Perhaps you'll find it helpful:1. Missing trades. When my setup occurs I need to m...
More About: Traders , Difference , Professional , Diff , Amateurs

Are you a forex trader or a gambler?
2007-12-28 21:32:00
Here's an article I found in my files. Given the approach of the New Year, now is an excellent time to re-enforce those good trading habits and thoughts ... enjoy!!How many pips do you need to be wealthy? The answer may surprise you. A very common thought and question among us forex traders. Of course this is variable in desires; however it is a good idea to put things into perspective. In reality, the following is what separates the gamblers from the traders. About 2 years ago I sent out a similar letter that changed the outlook and the lives of many traders. While most at the time were mini-traders a simple 25 pip gain equated to a mere $25.00. "How can I live off of that?" I was repeatedly asked. It didn't take long to put this into perspective. Determining Percent Return Profits are one thing, percent return is another. Monthly profits may add up to look nice or not so nice, but what is the actual return? I am sure we have all heard traders say, "I made 1,000 p...
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Clarity
2007-12-27 19:52:00
Clarity. This is my word, my mission for 2008. I am going (notice I did not say ?try to?), let me repeat, I am going to achieve clarity in all aspects of life including my trading. As many of my readers know I had a very eventful 2007. I became a dad for the first time. This has brought a new meaning to life. One that many of my friends have mentioned, but one I truly didn?t understand until I experienced it myself. It has been the greatest single joy of my life, not to mention a major adjustment in trading schedule. I define have one simple New Year?s resolution that will permeate my life and my trading ? seek clarity in every aspect of my Forex trading and perform every action with intent! I know what you are thinking; it seems kind of pie in the sky, but think about it. We should approach all our actions with clarity and intent. Design the outcome well before we enter a currency trade. Keeping mental focus it what really separates long term profits and losses. I en...
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Why the Fed is Such a Lousy Wizard of Oz
2007-12-02 02:54:00
Interesting article by Susan C. Walker - check it out!By Susan C. Walker, Elliott Wave InternationalSeptember 7, 2007 Central bankers who "follow the yellow brick road" end up in Jackson Hole, Wyoming, every Labor Day weekend for their annual symposium sponsored by ? who else? ? the Kansas City Fed. (Who can forget Judy Garland saying to her little dog, "Toto, I've got a feeling we're not in Kansas anymore," in the 1939 movie, The Wizard of Oz?) The Jackson Hole Resort serves as the Federal Reserve's equivalent of the Emerald City, as Fed governors and presidents meet with central bankers and economists from around the world to discuss economic issues. This year, the symposium focused on housing and monetary policy. Usually, the Fed chairman kicks off the symposium and, this year, the new chairman, Ben S. Bernanke, did the honors. He closed his speech with these words: "The interaction of housing, housing finance, and economic activity has for years been of central...
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How To Recognize a Financial Mania When You're Smack Dab in the Middle of O
2007-11-17 02:41:00
By Susan C. Walker, Elliott Wave InternationalNovember 12, 2007 When you're caught in the middle of a bad storm, you don't really care whether it's a tropical depression or a full-strength hurricane. You just know you're hanging on for dear life. The same idea applies to financial markets. When a market is trending up strongly, it's hard to tell whether it's just a bull market or a more dangerous financial mania.The recent tremendous ride up for global and U.S. financial markets, including the Dow, looks and feels more like a mania than a mere bull, says Elliott Wave International analyst Peter Kendall. This distinction is important to recognize in the rising stage, because manias always result in a crash that takes them back beneath their starting point. Kendall recently published his research into current financial manias throughout the world in SFO (Stocks, Futures and Options) magazine. The article, titled "Financial Mania s and the Trade of a Lifetime," suggests an even mo...
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Elliott Wave Free Week
2007-08-24 18:26:00
Just a reminder:It's FREE Week at ElliottWave .com!!Click here and get your FREE contentFree Week End August 29.>
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Forex Journey Interview on Forex Education
2007-08-24 18:19:00
Hey Team!Click here to hear a recent interview I did with Interview s with Prosperity on the importance of Fore x Education .Happy Trading!!>
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Forex Education Tip ? 5 Steps to Successful Forex Trading
2007-08-22 21:27:00
Close to 95% of all Fore x traders will lose money. We're not just talking about novices, either. Whether you trade Forex for a living, as a hobby or just for fun, odds are against your success. That's a simply astonishing fact. However, the remaining 5% of Forex traders somehow manage to break even and there are those lucky few that actually make money in the currency market ? consistently!Like the TV show says ? ?How?d they do that, anyway??That's the million dollar questions, isn?t it? Countless books, seminars and expos have been hosted to answer this very question. That sad fact is that thousands of books have been written and countless seminars and interviews have been conducted in an attempt to answer the magic questions. The reality of the situation is that there is no magic formula; no one single Holy Grail of Forex trading.So what do the successful traders do that the rest of us have simple not comprehended. They have mastered a process of winning where they combine and ...
More About: Education , Trading , Forex Trading

Forex Education Tip - Stops
2007-08-20 02:14:00
Let me just give you a quick tip about setting stop losses. I once took a class where I was instructucted to place my stop loss 30 pips below my entry. Why 30 pips I asked? I was told it was an "acceptable" risk. Based on what? I see a lot ot traders basing their risk management strategy on some pre-defined pip value risk without any consideration for support and resistance.Don't do this!Like I say - trading Fore x is a process and setting your stops is a key component. Your stop should be placed near support and/or resistance based on the charts and not some pre-defined pip value. Caution: stay away from the herd!Simply:1. Locate support and/or resistance for your stop2. Calculate your target to determine a reward-to-risk ratio3. Determine whether you can afford the trade4. If all systems are a go then pull the triggerSetting a pre-defined stop makes no sense if all you can guarantee is to get stop out of your trade and have it eventually go in your direction. Let the market tell y...
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Is Paid Forex Education Worth It?
2007-08-14 19:16:00
I am scanning the internet looking for information about how I can be a better trader just like most people out there. I am on a quest looking for each and every golden nugget of information out there on the web. I have alerts set up so Google can email every keyword topic of choice.I have been getting fired up recently about the amount of just plain bad Fore x advice slewed across the web. It is definitely a ?buyers beware? market and every word of advice (including mine) should be taken with a grain of salt. Why? Because everything I say and write is based entirely on my own experiences. One of the topics gaining some momentum is the fact that everyone pitching a Forex product is not a trader, but a marketer and if they were a trader they would be trading and not trying to sell you something. What a bunch of BS!Yes, I do believe all the information that one needs to trade the Forex profitably is available free on the internet. I challenge anyone new to Forex to assemble the informa...
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Forex Education Tips - Overcoming Fear
2007-08-13 22:50:00
Have you ever been in a situation where you have evaluated the market, saw your strategy set-up perfectly and then just couldn?t pull the trigger? You become paralyzed, unable to move even though you know your high probability set-up has just triggered.This fear is very real for many traders and very detrimental to your account. Fear is a powerful emotion, distorting fact from fiction and often creating an emotional response. Many experts tell you to trade without emotion, but is that really practical? We are indeed human. Remember the basis for the reaction is real, but the fear usually is not.Fear blocks your ability to execute high probability trades and we must find strategies to manage our fear. With time comes experience and for traders it is the ultimate super hero for fear.In the meantime, if you are struggling with fear-based execution challenges here are some simple tips to get you over the hump.Embrace the EmotionAcknowledge your emotions. If you find yourself analyzing a...
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Forex Education - Fully Present
2007-08-09 04:34:00
This means rejecting thinking that doesn?t support your current trading objectives, including rejecting non-trading related mental chatter (what?s for dinner, balancing your check book, who?s on American Idol tonight, whatever). Your goal is simple -- to zero in on the trading task in front of you. Enter your personal trading zone. Deny all incoming calls. Don?t check your email and please do not even think about logging into your Instant Messenger account. You?ve got to be in a place and time where you can trade without being disturbed.Ask yourself ? Where Am I? The answer is - HereAsk yourself ? What Time Is it? The answer is ? NowWhen you become fully present on the task of trading, you are able to achieve peak performance and gain an edge on the other traders in the market at that moment. How many times have you often have you been trading, felt in rhythm with the market, and then you become distracted, surfed the web (OK, you busted me!), checked your email and all of a sudden,...
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We're #1
2007-08-06 19:37:00
Well, as I return to my desk from a break to welcome the new addition to my family I was pleasantly surprised to received notification that Forex Journey has been ranked as the #1 Forex Blog by CurrencyTrading.Net on their ?Top 25 Forex Bloggers.Check it out ==> http://www.currencytrading.net/2007/top-2 5-forex-bloggersThanks everyone for inspiring me to follow my passion!Happy Trading!!>

Forex Education Mind Set
2007-07-18 23:24:00
Here's a forex education blog post I like and thought you might too! You can find the article at:http://financial-blogs.blogspot.com/20 07/07/forex-trading-do-you-have-what-it-t akes.htmlor below:Fore x Trading - Do You Have What It Takes?There are some facts that you simply must accept to have a fair chance to be successful at Forex trading. Let's have a look at what these facts are and if you can succeed in the worlds most exciting investment environment.Trading markets are not scientificThe thought of approaching Forex trading by applying science is appealing. However, Scientific theories dont and never will work, because humans determine the market prices, and doing so, they dont consider scientific criteria.Most people would prefer to be able to make money without risking anything. Many vendors try to gain from this fact, offering trading systems which are described as a possibility to trade with low risk and make a regular income. The fact you must accept is:If the reward is bi...
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Forex Education Success Formula
2007-07-10 18:54:00
You read about the risk trading the Forex market every day. I talk to many successful traders and investors about the Forex market and it is mind blowing the fear this market produces amongst the conservative investors and daredevil attitude of the aggressive traders. Yes, it is a fact that 95% of traders lose money in Forex. I was taught that if you want a better answer then you have got to ask a better question and my question is why?The answer is rather simple ? most traders seek the path of least resistance and that will inevitably lead to failure. They failed because they didn?t take the time to gain a proper understanding and cheated their Forex Education !Look, the market is neither for you nor against you. It makes profit opportunity equally available as the chance to take a loss. It will take money from you no matter your age, sex, experience or effort you put into your trading. The Forex market only rewards those who are correct and nothing else. It?s the old saying ? work ...
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Forex Education - No Pain, No Gain
2007-07-09 02:13:00
Forex trading breakthroughs have a lot to do with your ability to get comfortable with being uncomfortable. Success usually comes from staying in the here and now, as well as accepting the fact that the market literally can do anything at anytime.Many of your actions now may seem frustrating - such as designing a trading plan, sticking to just a few currency pairs, learning the intricacies of a strategy. It can seem downright overwhelming too. Just remember that each step you take in the process is adding value to your eventual trading success.Why is it that so many people are always seeking the easy way out? I guarantee the amount of time searching will be less than just digging in and climbing that learning curve as fast as possible. Just imagine where you're going to be a year from now with a little bit of effort and determination! Here are some thoughts to get you through that learning curve at lightning speed:1. Hard Work Now Will Pay Off LaterAll the work you do now mastering...
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Todd Judkins Uses Squidoo
2007-06-29 14:00:00
Some of you have been asking, so here's my Squid oo site for Forex education:http://www.squidoo.com/forexjou rneyEnjoy,Todd>

Forex Education Mastering The Forex Market
2007-06-28 03:44:00
Forex Education is always king. That being said, I thought this was pretty interesting...Investing in the forex, currency market even with small capital is very risky advanture. Before taking on the forex trading market, it's important to be armed with a good understanding of the market itself. This is what makes a good free forex education resource, invaluable to both new and veteran forex traders. The forex, or Foreign Exchange, market is the largest financial exchange market in the world. Every day, more than 1.8 trillion dollars are traded on the forex market. In the past, it was often difficult for smaller traders to take part in this huge money market, due to a lack of contacts and resources. But that situation has changed. More and more, individuals and smaller banks and companies have the opportunity to invest in the forex market, particularly via the internet, making currency trading an exciting and lucrative enterprise for individual traders as much as for the banking ind...
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Don't Quit On Your Forex Education
2007-06-20 20:55:00
Whether you are my student or not I genuinely care about your Fore x Education . More importantly I'm passionate about every one obtaining a solid financial education - a skill sorely missing in the world. I chose Forex because of the numerous advantages over the other liquid financial markets. It has allowed me to achieve a high level of financial literacy and provide an outlet for my long held desire to teach.More importantly, Forex education and training has given me the confidence to control my financial future - and that is truly priceless. That being said, we must look past the hype in the marketplace and focus on what it really takes to personally achieve in the Forex market or any endeavor for that matter. I'm not going to lie to you, trading Forex is not easy. But not for the reasons you may thing. I've found that in the end we are the ones that will ultimately decide to be successful or not. I know lawyers who have failed miserably in Forex and construction workers...
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A Tip for Accelerating Your Forex Education
2007-06-19 03:00:00
I teach a lot of traders and at the beginning they all have the same question...How long will it take me to learn this? How much time can I expect to spend on my Fore x education.You know there is no answer to this. There are many variables to this answer, but it really comes down to the qualities needed to overcome most obstacle -- patience, determination, persistence and perseverance.I know, yeah but..Yeah, we have all those qualities, but we still want to accelerate the process. My recommendation is to live at the razor's edge. If you have traded Forex for any time you will realize that the difference between profit and loss is literally a razor's edge. With experience comes minor tweaking of our trading process until we have found consistency. Consistency gained through Forex training.It's kind of like baseball (my favorite trading - sports analogy). If you are a .320 batter your baseball career you will most likely be elected to the Hall of Fame and bestowed major acco...
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