Bill Poulos Gives You The Forex Nitty Gritty...
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Posts Tagged ‘bill poulos’
Sunday, January 24th, 2010
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting! Forex Nitty Gritty is inexpensive Forex training of the BASICS of Forex and teaches you the Simple Trading Method. Every trader should learn these basics and have the simple trading method in their traders toolbox. This is a case where “basic” and “simple” is often BEST!
I know, this goes against what we are commonly told, right?
In this high-tech world we are told the more complex the better. “New and Improved” is better than basic. Faster is better than slower. So naturally we gravitate to Forex trading solutions that use complex indicators, flashing lights, sophisticated programming, etc. But more often than not, it is our lack of the basics that is responsible for our failure.
Regardless of the Forex trading system or tools you use, you need to understand the basics of Forex. And the best way is to learn from a REAL trader that has been successful for a long time. The basics are what will make you successful… and keep you successful.
Forex Nitty Gritty is one of the best and least expensive course designed to teach you the essential basics of Forex trading.
And here is something else you should know…
You don’t need to have a sophisticated and hard to understand trading system to make money trading Forex. As a matter of fact, this is a case for keeping your trading as simple as possible. This is why I believe the Simple Trading Method Bill Poulos teaches in this course should be in every Forex traders toolbox!
Regardless of how many complex systems you try to trade, this simple method keeps setting up and has a high rate of success. I always am on the lookout for the setup. And when it happens, I get into the trade with the confidence I was taught properly and can apply the trade as instructed. (This is the benefit of the system being so simple).
So ask yourself…
- How are your Forex trading basics?
- Is it your lack of basics keeping you from reaching the next level in your trading?
- Do you have a simple but highly profitable trading system in your trading toolbox?
Don’t make Forex trading more difficult than it has to be. Learn and apply the basics and use the simplest trading method possible that still makes big profits. That is the real path to success.
Tags: bill poulos, forex for beginners, forex nitty gritty, Simple Trading Method
Posted in Blog | 1 Comment »
Monday, September 14th, 2009
As you know, I’ve been recommending that everyone take a look at the Forex Time Machine videos that Bill Poulos has released over the past two weeks. The “Risk Eraser” videos not only identified a major problem most Forex traders have… but presented the solution. Well, today you can combine the “risk eraser” concept with THREE powerful trading systems taught by Bill Poulos.
If you’ve seen any of Bill’s Forex courses before, you know they are COMPLETE. Everything is presented in video format with complete rules and plenty of examples. This means you really learn EXACTLY how to put these methods into action and start profiting. Forex Time Machine is no different. As a matter of fact, this is the information Bill would have liked to have had before he started trading 35 years ago (if he had a time machine).
The three trading systems you get are called the Breakout Method, the Momentum Method and the Spring Method. They all use common indicators in an uncommon way to find the best times to enter the market. Complete entry, stop loss and exit rules are given. Plus, each trade is managed using the concept outlined in the “risk eraser” videos. The best part is, these systems can be used together and on any time frame… for plenty of great trading opportunities.
I have seen these trading systems (through a review copy) and can tell you they are complete and powerful. At first glance they may seem a little complex, but they are really not. Once you learn the rules, you can quickly spot these set ups on your charts. The reason the rules are so complete is they are designed to get you into a low risk trade and avoid FALSE trade signals. (If you’ve traded before, you know false signals are one of the most frustrating challenges to a trader).
One of the things I really like about this is that Forex Time Machine is a home study course. This means you can learn it at your own pace. And once you learn these three powerful trading methods and the “risk eraser” concept, it is yours for LIFE!
I must warn you. One of the things you get with this course is full access to Bill’s team of traders to answer any questions you may have. As a result, only a limited number of copies are available to ensure each trader gets the attention they deserve.
Tags: bill poulos, Forex Time Machine, forex time machine home study course, forex time machine videos
Posted in Blog, Forex Time Machine | No Comments »
Thursday, September 10th, 2009
 Obviously, one of the best ways to learn to trade Forex profitably is to have someone that has experience show you the ropes. And I can’t think of anyone with more experience both in Forex trading and teaching than Bill Poulos. On Monday, Bill is releasing his new Forex home study course called Forex Time Machine!
You may be wondering about the name… Forex Time Machine. Well, Bill said this is the information he would have like to share with himself if he could travel back in time. Basically, this is the best of the best of over 35 years of experience. (I’ve been given a review copy of the course, and I can say that this is one of Bill’s best Forex courses yet! Complete. Full of excellent info. And THREE trading systems that work together safely and profitably).
Here are two things you should do right now…
If you haven’t seen Bill’s complimentary videos called Forex Risk Eraser, you should do so now. Here is the link to the videos…
Forex Risk Eraser Videos
This technique for reducing and eliminating risk on your manual Forex trades is a must have. It works for ANY Forex trading system. Imagine how powerful it is when used with the 3 systems Bill teaches in Forex Time Machine!
Enter To Get Forex Time Machine For Free
Bill is giving you a chance to get this complete Forex home study course filled with the BEST info Bill has gathered over the past 35 years… at no cost. All you need to do is leave a comment on his blog to be eligible to win.
Click Here To Be Eligible To Get Forex Time Machine Free
This is one of those opportunities in Forex that you don’t want to miss.
Tags: bill poulos, forex home study course, forex time machine course, forex time machine giveaway, free forex time machine
Posted in Blog, Forex Time Machine | No Comments »
Tuesday, September 8th, 2009
I just got word from Bill Poulos that the second part of the popular Forex “Risk Eraser” Video is coming out soon. He recorded it over the weekend and will probably release it some time this week. If you haven’t watched Part 1, I suggest you do so now… Forex Risk Eraser Video
This video goes over one of the most important concepts in Forex trading… protecting your capital!
If you are currently using a Forex trading system and you think it has a lot of potential but just can’t keep in profit… this could be the cure. And frankly, when you apply these tactics to a proven system the results can be spectacular. So, don’t just watch this video… take notes and apply what you learn to your trading. And keep an eye out for the second part.
Click Here To Watch The Forex “Risk Eraser” Video
Tags: bill poulos, forex risk eraser, forex risk eraser video, forex risk management strategies, Forex Time Machine
Posted in Blog, Forex Time Machine | No Comments »
Sunday, September 6th, 2009
Here is what Bill Poulos had to say about this problem…
“Most experienced Forex traders wait too long to move stops to protect their positions and frequently watch their profits disappear.”
We’ve all been there before…
We start to see profit in a trade begin evaporating and get solely focused on getting back the lost profits. We try to will the market to move back in our direction and completely forget to protect the profits we still have in the trade. The result? A reversal continues, the once-profitable trade becomes a losing trade and we kick ourselves for letting a once winning trade turn into a loser.
So, what does Bill suggest we do to fix this problem once and for all?
He said most traders don’t know what the available profit potential is for any single trading event — that is, they don’t set profit targets which allow them to take what the market gives them and then exit the trade in multiple steps. And, without a strategy that protects capital first and manages profits second, there’s no way the average Forex trader can survive in the foreign currency markets.
So, instead of thinking of a trade as one big event, you need to adopt a multi-part strategy for managing the trade. It boils down to focusing on protecting your capital first and then maximizing your profits. You need to do both in stages.
It is easier to understand what I am talking about by watching a video. This complimentary video from Bill explains how much adopting this approach can improve your trading results. This is quite amazing information… so don’t miss it.
Watch This Video By Bill Poulos On Forex Trade Management
Tags: bill poulos, bill poulos video, Forex Time Machine, forex trade management, forex traders, why forex traders fail
Posted in Blog, Forex Time Machine | No Comments »
Thursday, September 3rd, 2009
It is my belief that many beginner or not so experienced Forex traders focus so much on the trading method or system they use, that they completely forget about the most important ingredient of successful trading… managing risk! They focus so much on trade ENTRIES or SET UPS that they completely forget to plan out what to do once the trade is placed. And usually the results are disastrous.
As a trader, you need to plan out what you are going to do AFTER the trade is placed to reduce risk, or eliminate risk all together.
I know, you can get a demo account and be a “gunslinger” placing trade after trade. And if you blow out a demo account, it really doesn’t cost you anything. But the point is, if you ever want to make real money… you need to practice EXACTLY like you are going to trade live. When real money is on the line, the trading mentality changes dramatically.
So, here is a Forex trading “trick” to help you prepare yourself for live trading…
Reverse The Way You Approach Forex Trading!
First, learn how to manage risk and make this your top priority. Then focus on the profits. Basically, you need to make capital conservation your top priority and capital gain your secondary goal. I know… it doesn’t sound as exciting, but it will save you from losing a lot of money!
So. let me ask you… How do you manage risk AFTER the trade is placed?
I can see a lot of you scratching your heads right now? Well, don’t worry… here is a great, complimentary video with and EXCELLENT risk management strategy. It is called the “Risk Eraser”, and it can make a dramatic difference in your trading results.
Catch the video here:
Risk Eraser Video
By combining a solid Forex trading system with proper risk management AFTER you place the trade… you dramatically increase your profit potential. Once you see the statistics shared in the video, you are going to be amazed!
Tags: beginner forex traders, bill poulos, forex risk management, Forex Time Machine, risk eraser video
Posted in Blog, Forex Time Machine | No Comments »
Monday, August 31st, 2009
I was just going over the Forex Nitty Gritty Daily Forex Video. When you get Forex Nitty Gritty, you don’t only get the videos by Bill Poulos which is the full course. You also get access to a private site where you get ONGOING training through Daily videos.
I can’t tell you what a help this can be to your trading. How many times have you tried to learn something and were left with some questions at the end? Even with a video course as comprehensive as Bill’s, you’ll still have questions. And when you have questions that go unanswered, you’ll lack the confidence to put the trading system into action.
This is one of the reasons I really like Forex Nitty Gritty. You get ONGOING training which helps you MASTER the Simple Trading System. And when you master a successful trading system… that really is all you need.
Other Forex courses I looked at don’t help you master the system like this. This means you don’t get confidence or believe in the system. And you probably don’t get to the point where you are consistently profitable. Then, instead of figuring out what you are doing wrong, you scrap the entire system, look for something else and start all over again. This is why so many Forex traders fail… lack of mastery.
The Daily Forex Videos, on the other hand, help you master the Simple Trading Method. Once you watch the videos by Bill Poulos and learn the fundamentals of trading and the Simple Trading Method, use these Daily videos to master the finer points. The better you get at this one system, the more money you will make trading Forex.
You don’t need a ton of trading techniques to be crazy profitable trading Forex… you only need to MASTER one!
Tags: beginner forex trading, bill poulos, forex for beginners, forex nitty gritty, Simple Trading Method
Posted in Blog, Simple Trading Method | No Comments »
Monday, August 10th, 2009
I hope all of you that are taking the Forex Nitty Gritty trading course are watching the daily Forex videos inside the members website. These short videos are full of important information. And the truth is, it is easier to digest and learn in these little bit size pieces.
The other day Todd did a video on proper lot size. If you do not know how to calculate proper lots size… stop trading right now! Go back and go over the money management videos in Forex Nitty Gritty. The go to the Maximum Lot Size calculator inside the members site and calculate the lot size you should be trading. Without proper money management… you are playing with fire.
On Friday, we saw the Forex markets make some big moves. Between news announcements and profit taking, there really were some spectacular moves. So, how will the market react today (Monday)? This is what Todd goes over in today’s video.
In my experience the markets are normally a little slower after big moves. This could be for two reasons. Traders might have lost a lot of money being on the wrong side of the market and are licking their wounds. Or, they made a lot of money and are being more cautious.
But Todd has some great advice as to where the market will go from here.
If you are not watching the Daily Forex Videos… you are really missing out!
Tags: bill poulos, forex nitty gritty trading course, forex nitty gritty video course
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Saturday, August 8th, 2009
Forex Nitty Gritty is one of the fastest ways to Forex profits because you get everything you need to start trading Forex all in one place. Bill Poulos teaches you every fundamental you need to understand… and then shows you the Simple Trading Method so you can start placing trades immediately. If you are new to Forex, or tired of jumping around from one trading method or strategy to another, this could be what you’ve been missing.
Let’s look at one of Bill’s Forex Nitty Gritty students wrote to him…
“Bill,
What an easy to follow course (Forex Nitty Gritty). Ordered it
late in the evening, watched and studied until almost 1:00 am,
opened a practice account that same morning, placed a trade by
mistake and lost about 7 pips while learning the lay of the
land. When I got up that same morning my trades ended with 85
pips profit in only a few hours. WOW! Today I had 63 pips
profit, the day befor that 49 pips profit and monday 24 pips
profit. Over $2,000.00 in 4 days… I highly suggest anyone
wanting to learn about the Forex market start with the Forex
Nitty Gritty course, easy to understand and easy to follow.
My many thanks to you,
Daryl K., Cortez, Florida.”
Wow… talk about hitting the ground running! Great job!
Ok, there are some things I want to draw your attention to…
First, Daryl started off with a DEMO account. And as he said… he made a mistake placing his first trade. So, once you learn everything by watching Bill’s Forex Nitty Gritty video course, make sure to practice on a DEMO account first. Get comfortable placing trades. Get acquainted with the trading platform you are using. These basic skills should be mastered so you don’t have to worry about them with the added pressure of trading real money.
Second, just because Daryl hit it out of the park the first time at bat doesn’t mean you will. It just shows you what is possible. With ANY Forex trading system you decide to follow, your success is due in large part what YOU bring to it. So, learn everything Bill teaches in his videos and then work at improving the skills needed to trade the Simple Trading Method successfully yourselves. The system works and is very powerful, but you need to PRACTICE applying the Simple Trading Method if you want to get good at it.
Don’t underestimate the power of learning from an experienced trader a simple trading strategy. In my opinion, it is the simple strategies that traders end up trading… if they stay at it long enough to figure out they don’t need to make it complex. And the strategy you stick with and master is going to be the one that makes you the most profits.
Tags: bill poulos, forex nitty gritty, forex nitty gritty proof, forex nitty gritty results, forex nitty gritty video course
Posted in Blog | 1 Comment »
Thursday, August 6th, 2009
You can trade the Simple Trading Method taught in Forex Nitty Gritty on many different currency pairs. This is great because you can monitor as few or as many pairs as you want. New traders can start off with 1,2 or 3 currency pairs like EURUSD, GBPUSD and USDJPY. More experienced Forex traders can look at more pairs for even more trading opportunities.
Today’s Forex Nitty Gritty Daily Video was about currency correlations. What this means is there are currency pairs that move in a similar fashion. Now, while this is not a rule that is always the case… it is very common.
For example, the EURUSD and GBPUSD seem to move in the same direction at the same time. At least most of the time. On the other hand, the EURUSD and USDJPY tend to move in opposite directions. You should take this into consideration when choosing the currency pairs to follow using the Simple Trading Method.
Here are a couple of things to keep in mind…
1) If you choose to trade currency pair that are correlated… you can potentially double your profit. Since they move together, you tend to get trading opportunities on both currency pairs at the same time. So theoretically, when you get a winning trade setup you could win on both.
2) You could also double your risk. If you place two trades on two currency pairs that are highly correlated and they turn into losers… you could double your loses.
So, you need to take price correlation into account when you choose the currency pairs to follow when you are trading the Simple Traiding Method taught by Bill Poulos in Forex Nitty Gritty.
Tags: bill poulos, forex nitty gritty, forex nitty gritty videos, Simple Trading Method
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