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Forex Nitty Gritty Daily Videos: Proper Lot Size And Big Market Moves

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!

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Forex Nitty Gritty Newbie Makes Over $2000 In 4 Days

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.

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Why Are The Forex Nitty Gritty Daily Videos So Important?

Monday, July 27th, 2009

As you know, Forex Nitty Gritty is a complete Forex course designed for beginners so they can learn how to trade Forex using the Simple Trading Method.  This course makes sure you are not missing any of the fundamentals of Forex which leads to many beginner Forex traders being unsuccessful. You should not jump into Forex trading without understanding these necessary basics!

But one of the things I am really enjoying is the Daily Forex Videos by Todd Granthem…

Bill Poulos got Todd Granthem (another successful Forex trader), to do daily videos about the Simple Trading Method.  And I think it is this kind of ONGOING training that really sets Forex Nitty Gritty apart from other courses claiming to teach winning Forex techniques. You are not just given a technique and sent on your way to try to make it work all by yourself.

Just think back to when you learned something for the first time…

No matter how good the initial instruction was, things are quite different when you try it for the first time yourselves.  This is true of whether you are trying to shoot a basketball or trade Forex.  And it is the little tid-bits of info that you pick up along the way that aids in your success.

That is how I view the Daily Forex Videos on the Forex Nitty Gritty Insiders website.  Bill Polous goes over everything I need to get started in the Forex Nitty Gritty video course.  But then I can pick up little nuggets of invaluable trading advice from Todd and his daily videos. Plus, I can ask Todd specific questions and he does a video about it to make sure I (and everyone else), are crystal clear on how to trade the Simple Trading Method profitably.

Trying to learn Forex without this level of ongoing training was very difficult for me.  But now, thanks to Forex Nitty Gritty and the daily Forex videos I feel as if I am becoming a better Forex trader every day… and it sure shows in the winning trades.  Since you can’t hope to learn something as broad as Forex in one sitting, learning a little bit every day is what makes the Forex Nitty Gritty Daily Videos so important.

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Disclaimer: Trading in the off-exchange Foreign Exchange Market (FX, Forex) is very speculative in nature, involves considerable risk and is not appropriate for all investors. Therefore, before deciding to participate in off-exchange Foreign Exchange trading, you should carefully consider your investment objectives, level of experience and risk appetite. Investors should only use risk capital when trading Forex because there is always the risk of substantial loss. Most importantly, do not invest money you cannot afford to lose. Any mention of past performance is not indicative of future results. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors. All rights reserved 2010.