Courses Infomation

Steve Mauro – MMfx Course August 2011 + MT4 Ind. Jan 2012

Archive : Steve Mauro – MMfx Course August 2011 + MT4 Ind. Jan 2012

One thing Steve teaches is that you have to treat Forex trading like a business and not a hobby. To treat forex as a business, you have to spend hours and hours of your own time doing your own practice, research, and training. To come to the trading terminal with no idea what you are doing, or how the market works, fueled up with the idea of making a fortune with a few mouse clicks …then you are basically asking for the brokers to take your money off you.

Steve’s material is highly entertaining and enlightening. However, none of it will be any use to you unless you train your brain to read charts, and are willing to commit a significant amount of time marking up charts, and practicing on a demo account before going live.

Could Steve’s material be any better to help the struggling traders who can’t quite master the method right off the bat? Absolutely.

Steve appears to understand this and constantly works on his material in order to communicate the knowledge he has in better ways… but like all academic courses, some students are going to get high marks right away, others will get them eventually after a lot of work, and some students simply won’t do the work, give up, and fail to pass.

What I do know is that my manual trading skills have vastly improved since taking his course and putting in hours and hours of practice… making a habit of coming to the trading terminal daily to mark up the charts. On more than one occasion I have been able to enter trades very close to the best possible entry points and get out at the best possible exit points with very low stop losses. Unimaginable to me before taking the course.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Steve Mauro – MMfx Course August 2011 + MT4 Ind. Jan 2012

About Author

Steve Mauro is a FOREX expert specializing in the concept of “market makers,” a group of elite traders who control price action against the smaller retail traders. He is the sole educator and instructor for Market Maker’s FOREX, a website that he owns and operates.

Steve Mauro educates participants through his 5-Day Professional Market Maker’s FOREX Course. Students can attend both web classes or live events in certain cities. In addition to the training classes, course fees provide access to a wealth of tools, information, and intense chart study. Students and alumni can meet on a private Market Maker’s forum, exchanging tips and comparing notes. Individuals also gain access to weekly market analysis and special graduate breakout sessions. The insights and concepts expose what really moves the market–not just FOREX, but all markets. All of these are shared during the course and will change students’ perception of trading forever.