“I believe anyone can do this job; I don’t think you have to be born to do it.” – Stuart Walton, Market Wizard
Welcome to the Advanced Forex Course for Smart Traders!
This course delivers a framework for Forex Trading success over 20 lessons, based on the careful study and application of the principles of the famous market wizards.
This is not a dummies course, it’s for smart people with a desire to learn and do better with their Forex trading. In saying that, it does not require advanced knowledge or fancy mathematical trading techniques. In fact, as you will come to learn, simplicity is very valuable when it comes to a winning trading approach.
Who are the market wizards and why do we focus on them?
In 1989 Jack Schwager released his first in a series of four books containing interviews with some of the best traders and investors of the time. It was titled Market Wizards, interviews with top traders. Since then traders and investor who have been interviewed in Schwager’s books have been given the title “Market Wizard”.
It is a incredibly transformational process being exposed to how great traders think. I (Sam) personally have gained much from reading the Market Wizard books and reading the books written by the Market Wizards themselves, or even learning directly from the Market Wizards in person (Van Tharp), or from learning from other traders that probably could make it into his books.
My personal belief is you will get a great deal of value by spending your time studying the wisdom of great traders, and I wanted that to be a core theme of this course.
By the end of course you will achieve a number of things that you can take away and use in your Forex Trading for the rest of your life. You will know:
- How to find damn-good set-ups and time an entry
- How to achieve your trading objectives through position-sizing
- How to protect yourself from losses
- How to trade the market that is in front of you with complex exits
- How to trade low-risk ideas
- How to stay calm and be mistake free for perfect order execution
- and more!
A 16 page interactive Forex trading system template
Throughout the course you will be working on your trading plan. The course covers the topics in the graphic below which you will integrate into your own personalized trading system.
To do this we provide you with an interactive trading plan template called “My Trading System” which will ultimately tell you:
- What to trade
- How much to trade
- When to trade
- When to exit the trade
You can download it here:
In order to achieve this goal, the course is made up of 20 lessons, broken into roughly three sections.
Foundations of Strength
“The realization that you are responsible for your results is the key to successful investing. Winners know they are responsible for their results; losers think they are not.”
-Dr. Van K. Tharp, Market Wizard
In Foundations of Strength, you will begin your transformation into an accomplished Forex Trader. You will learn how your beliefs shape your trading and how to change your beliefs into those of a top trader. You will develop a model of the market that guides your success and importantly, you will develop extreme clarity in your Forex trading goals and objectives.
The importance of foundations cannot be overstated. It is possible to jump straight into building a winning Forex trading system without them, but what tends to happen when I see people do this is they ask the wrong questions. Essentially their thinking is different, and it is not good for their system.
Instead, by building foundations of strength, the mind has much greater insight into what it takes to succeed, and building an effective Forex trading system is much easier.
Building a winning Forex Trading System
“Frankly, I don’t see markets; I see risks, rewards, and money.”
– Larry Hite, Market Wizard
In this section we take a step by step approach to Building a Winning Forex Trading System. It starts with defining market types, as expecting the same trading system to work in all market types is a fool’s hope. You will learn how to get an edge over the market through different set-ups and how to time your entries and exits for maximum gain.
Finally, and most importantly, you will learn how to use position sizing to achieve the objectives you set earlier in the course, along with advanced trade management techniques.
Developing the Master Trader Mindset
Pride is a great banana peel—as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions.
-Ed Seykota, Market Wizard
In the final part of the course we focus on your trading psychology. This is to prepare you to execute your systems mistake-free even when you have large amounts of money on the line.
This is perhaps the most important part of the course, as mistakes kill trading systems, and the more money on the line the greater the impact that mistake will have on your financial future.
The Master Trader Mindset encompasses the tasks needed for perfect execution, how to run your trading business like a hedge fund, and integration of a next level belief structure for your trading.
The Chicken and the Egg
Sometimes it can seem like a chicken and egg scenario. The hardest thing for me about structuring this course was putting the lessons in order. I have tried my best, but you may find that a prior lesson has a different meaning after reading a subsequent lesson.
If you do find you need to go back and re-do a lesson, that’s ok. Take your time and remember the impact that this knowledge will have on your life. You only need to learn trading once and it will last you a lifetime!
Making the most of this course
When you begin a new course (in whatever) you are typically full of enthusiasm, but as life takes-a-hold again it can be challenging to maintain that momentum.
Lessons don’t get done, or they get skipped. You skim read, instead of take the time to do things properly, or you move on the next shiny thing and the course gets left to metaphorically gather dust on the shelf.
In any case the wisdom you could have gleaned is lost, and the transformation you could have achieved simply never happens.
LET THAT NOT BE THE WAY WITH THIS COURSE
These lessons will have an incredible impact on your financial future. I could do you some sums, but to say these lessons could be worth hundreds of thousands of dollars over your trading lifetime is not an understatement. Some attendees have even discovered they have achieved financial freedom by the end of the course.
Each lessons takes a minimum of 1-2 hours every week. Suppose that over a lifetime of trading, you make $100,000 more by doing this course than if you didn’t. That makes each hour you spend worth $2500-$5000!
When the lessons come through, keep this motivation in mind.
Finally, I recommend you read this eBook full of helpful tips so you make the most of this course.
And don’t forget to get your interactive trading system template.
About the Author
Sam has relentlessly pursued the art and science of both investing and traders, and has studied under some very good traders and investors. To learn more about Sam and his trading style you can go here.