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Forexmentor – How to Trade Currencies Like the Big Dogs

Forexmentor – How to Trade Currencies Like the Big Dogs

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How to Trade Currencies with Forexmentor Not THE greatest one out there, like the Big Dogs. After completing this at-home crash course in forex trading, you’ll be better prepared to trade profitably and advance your trading career.

A close buddy of mine advised I get in touch with a friend of his who is now a full-time forex trader back when I was looking for a course to give on my website. The Peter Bain course, which served as the basis for this trader’s success, came highly recommended from this successful trader who “worked” from the convenience of his own home.

Over 25,000 aspiring currency traders have been successfully educated by Peter Bain and his staff of expert currency traders over the past 10 years. The “How to Trade Currencies like the Big Dogs” home study course serves as the foundation of the ForexMentor training program. The “Big Dog” course has helped thousands of people grow their forex skills. It was created to teach novices how to trade currencies and then continue their forex development until they are expert traders.
But rather than making an attempt to condense Peter Bain’s viewpoint, here it is:
The most crucial trading signs are price support and resistance. This is why:
Your chart is comparable to an instrument called an artificial gyro horizon, which tells pilots how their aircraft is oriented in relation to the earth. To navigate safely, the pilots must be able to interpret this instrument.
Professional traders also monitor the market using a gyro horizon. They’re referred to as pivot points. Traders may use pivot points as a point of reference to understand how the price is moving and, more significantly, to identify their support and resistance levels.
With that realization, I started to alter the way I saw the market. I came up with the stages for a straightforward method to direct my forex trading throughout the course of the following 18 months. My Forex Dashboard System is what I dubbed it.
And now it is…
As you can see, price action becomes my main concern while trading forex.
How easy was that?
The fact is that you may be successful without overloading your charts with irrelevant indications. Both your charts and your decision-making processes are becoming cluttered by them.
The focus of all effective “Big Dog” traders is on price and how it relates to support and resistance. You must utilize them as well if you want to master Forex trading.
The Forex Market Can Be Conquered If You Learn to Bark Like the “Big Dogs” It’s THAT Easy!
It felt as though the veil had been removed in front of my eyes when I developed the Forex Dashboard System. Overnight, not only did my trading performance increase, but I was also enjoying myself again. I discovered that I could see the market’s activity and direction using my Forex Dashboard System.
What other reliable indicator is there, please? What else do you need to be successful if you can use a straightforward system to determine what the market is doing and where it’s headed?
The response is NADA.
When I finally mastered the Forex, I was so ecstatic that I started teaching other traders about my system. Its simplicity surprised them, but they were initially dubious. But soon after, their trading performance also improved.
The Short Version of How My System Operates
Professional Key price support and resistance levels are extremely important to forex traders. My system for trading currencies is built on this. The foundation of my system is the well-established idea of “commercial support and resistance tendencies.” like the experts.
I’ll explain.
Volatile currency price swings are typically caused by outside factors like world news, monetary policies, economic reports, global geopolitical events, etc. Well, as currency traders, we don’t really care what drove the price change. We are not economists; we are traders. We are only interested in capitalizing on the volatility that will follow these major global events.
Identify the points of entry and exit How to use the Dashboard
A market is at a support level when it reaches specific low levels (support being a price level that attracts buyers simply on lower prices). It’s possible that the market previously reached those levels on a number of occasions and rebounded from them. As buyers become re-attracted to those price points, markets that have reached support levels frequently rise. The price then increases as the herd instinct takes over.
if a market increases and eventually hits a wall of resistance as buyers reject a price level because sellers are asking for too much. The price will begin to move downward from this level of resistance. Other sellers join in, the crowd factor multiplies and price swoons. Support and resistance levels are extremely dynamic in Forex trading – meaning that they are subject to change from day to day. These levels must be recalibrated from day to day. Technical indicators aren’t as effective because they can’t react quickly enough.
…
And These Key Levels Can Be Figured This Out Using Simple Math!
My currency trading system uses mathematical formulas to calculate these support and resistance levels known as ” pivot levels .” These pivot levels are extremely important because when the price of a currency pair trades near these price levels , professional traders and automated trading systems will automatically kick in to buy or sell the currency. This facilitates price movement predictability.
My system enables you to quickly react to an ever changing Forex market, as well as to easily pinpoint entry and exit points. These factors are why my system competes favorably with systems which are based on “lagging” indicators. These other so called systems will simply pale in comparison.
Want to Increase Your Trading Odds Even More?
To further improve my trading odds, I combine pivot levels with a small number of the consistent, reliable and re-occurring key technical indicators and chart formations. The ones I am particularly interested in are the powerful reversal formations at tops and bottoms of price ranges.
Guess what happens?
When you apply chart pattern recognition skills together with the use of the pivots, benefits accrue for certain. The targeted support and resistance numbers are like an early warning system. Being aware of an important price target level, accompanied by a pattern, you can then anticipate your move.
It just doesn’t work any better than that!
Let me tell you this… if you are trading the Forex without the guidance of pivot points, you could be trading in what I called ‘NO MAN’S LAND’ – these are danger zones. Improve your chances by taking trades in and around pivot points.
My system uses pivot points to see in advance potential levels of support and resistance, as well as levels for potential major market reversals.”

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