Money - Forex Trading

My name's John Campbell, I've been trading for over 15 years and for the last three years I've sold some of the most successful trading systems on the market.

It's well known that over 90% of traders fail. There are many reasons for this but the main one (apart from ineptitude) is the common practice of trading from 30 minute, 15 minute and 5 minute charts. Some even think scalping from the 1 minute chart is sensible! The shorter the time frame the more meaningless chart movement becomes and the more you are simply trading noise. The stubborn belief that repeating the same mistake year after year will eventually make us profitable traders means that very, very few ever succeed. The ones that do eventually realise that you have to trade off the 4 hour or daily charts.

I developed my Rich Lazy Trader for the daily charts but when market turmoil kept the markets swinging from day to day according to the news, we were forced to temporarily drop to the 4 hour charts with surprising success. Here is a system evolved from my successful SaneFX, The Oil Business, Dow Trader and Four Hour Trader systems over a period of several years specifically for those most perfect time frames - the four hour charts plus daily chart trading. All my systems are based on the same very simple principle - an arrow indicator tells you when to buy or sell. The truth is that the most successful professional trading is not day trading or, much less, scalping - it is long term trading. This type of trading has two important advantages. Firstly, we only have to spend one minute at the end of the day (no stress, no burn-out). Secondly, the fluctuations (and news releases) that knock day traders out of the market usually have no effect on trades that last a week or so.

With my Rich Lazy Trader you can profitably trade Oil, the Dow, Gold, the EUR/USD and the GBP/JYP just by spending a few minutes a day and placing the occasional, long-term trade. That means if you start with just the daily trading, you can keep your day job until you become profitable. For recommended brokers, see here Instant Download Rich Lazy Trader, $149.00 Card or PayPal The first six months of 2010 showing all the Dow trades. The stop is now 120 pips. The principle is clearly shown here - we buy on a green arrow and sell on a red arrow. The chart is checked at the end of day and the trade opened on the start of the next day's candle. Of course, this may not be convenient, depending on your time zone, but plus or minus a few hours will make little difference on a trade lasting an average of week. Includes the highly effective but more time-consuming Four Hour Trader, trading off the 4hr charts. For July and August, we had four more trades - two losers and two winners in choppy trading, giving a total of +2,700 pips for the first 8 months. When world conditions are risky, switch to 4hr chart trading for safety. The first six months of 2010 showing all the Crude Oil trades. For July and August we had three more trades: one loser of -250 pips and two more +500 pip winners making a total of +1,500 pips for the first 8 months. 2011 has proved to be just as profitable - see the results page. The first six months of 2010 showing all the Gold trades. We don't trade signals on candles exceeding 300 pips (increased to 325 for 2011). So, all together, oil, the Dow and Gold gave us 24 trades in the first 8 months of 2010 (this was written in the middle of September) and 6,570 pips. This is an average of over 800 pips a month, or over $8,000 trading one contract. Drawdowns and risk are less than for other trading methods, making this a serious way to make a living. Cautious traders can move the stop to +10 pips when we have 50% of the target profit. 4hr Trading is more profitable! The Gold indicator can also be used for Forex - particularly the EUR/USD and the GBP/JYP. However, unlike the Dow and oil, Forex frequently suffers from periods of sideways movement. This gives rise to false signals that retrace and go nowhere, resulting in a series of losses (a familiar problem for Forex day traders).

For this reason, I am not showing any Forex charts here. Although you will probably make a profit, I personally only recommend the EUR/USD and the GBP/JYP. . -------------------------------------------------------------------------------- Four Hour Trading Charts Examples March Oil 2011 The first trade for March was on the 8th and we had 9 signals in total. Three were losing trades resulting in losses of -220 pips and six were winners giving us a cool +1,500 pips for an overall profit of +1,380 pips - for oil alone! The -20 pip trades were close by an opposing signal. Trading one contract (two times 0.5 contracts) that would be $6,900 which is not bad for one month. even trading the minimum 0.1 contracts would have given us $690 profit. March Gold Off screen we had two trades. The first made 97 pips and retraced giving us a double -70 pip loss! The second gave us +100 pips and 0 pips. That's 11 trades with 5 winners giving us +1,120 pips and 4 losers taking away 620 pips giving us a poor +500 for the month. the unusual +100, +20 trade was because the second half was closed by the next signal. Gold was very erratic during March because of the Middle East and Japan causing gold to fluctuate wildly on a daily basis. Rich Lazy Trader is not suitable for daydreamers on a tight budget who give up and ask for a refund after a few days! It's a serious, long-term trading opportunity that can most certainly provide a good living and provide financial freedom. For this reason, the minimum capital required is $1,000 and preferably $5,000 to trade both daily and 4hr charts. However, it can be started with just one hundred if you trade the micro contracts using the AFB or Windsor MetaTrader platform. It comes with a full, 25 page illustrated guide that includes everything for the beginner as well as the experienced trader. The oil and Gold/Dow trade indicators are different, so you get the two custom indicators, one-click template files to set up the charts and the pdf e-Book guide for $149.00 (no further payments). It comes with e-mail support from me and ClickBank's 60 day refund guarantee should it be faulty or not live up to claims. Good trading John Campbell