Course, Forex, Peter Bain, Trading Stocks, peter bain, currencies

Peter Bain – Trade Currencies Like the Big Dogs
Learn to Day Trade The Forex with Peter Bain's Original Home Study Forex Mentoring Program

Statistics show that the majority of new traders to the Forex rely on technical indicators and black box systems to guide their trades.

It seems like every Forex education website offers this type of training. That said it’s only natural for new traders to assume that these systems are the ones you must use if you want to conquer the Forex.

These methods are fine if you are the type of person that likes to work with cluttered (not to mention confusing) charts – and if you are perfectly happy being so far-sighted that you trip over things right in front of your face.

I Don’t Know About You, But I Like To See Where I’m Going.

The problem with technical indicators and black box systems is that they don’t allow you to adapt to sudden changes in the market.

To successfully trade the Forex, you have to be able to change with it. Cluttering your charts with indicators and other complicated systems might help you forecast the market – as it exists right now – but what if something changes?

The truth of the matter is technical indicators will not reflect those changes quickly enough. They lag behind. When they don’t reflect those changes right away, you lose. If indicators are the only tools you have to trade the Forex, when the market dynamic changes, you will not have the tools you need to successfully change with it and allow your trades to reflect those changes.

Commercial Traders Don’t Use Fancy Technical Indicators!

You and I are small potatoes compared to some of the bigger traders. Commercial Traders or “Big Dogs” take huge positions and typically trade 1000’s of lots worth millions of dollars at a time. They trade for governments, banks, and large corporations. They live by being on the right side of the market, and they can’t afford to make mistakes! These traders "see" major trend reversals sometimes days and weeks before they take place.

But they don’t do this by using fancy technical indicators or black box systems. They know those systems take up too much time, clutter their charts, and hinder their ability to adapt to market dynamics. Instead, they pay careful attention to price action as they find major support and resistance levels!

Here’s The #1 Mistake Most New Traders Make…

You see, I “cut my teeth” on the Forex way back in 1997, in the days before learning to trade the Forex became an Internet sensation. There weren’t all the online “resources” that there are today, which means there weren’t thousands of people trying to “teach” me different ways to be successful with it – and confusing what can be a fairly simple process.

That was a good thing. What was even better was that I was fortunate enough to become the protégé of an inside circle of commercial traders who were considered to be the best in the business. I benefited from being taken under their wing, so to speak, and being able to study the methods and formulas they used to trade the Forex. What I learned from them forever changed my perception on how to trade the Forex successfully.

During my training with the "Big Dogs", I observed the "mechanics" of how the pros make trading decisions. How they scan the market and how they look at their charts. I learned how they time their entries and exits. One thing that stood out for me was their uncluttered charts. They don't have layers upon layers of indicators on their charts like I did – and like you probably have right now.

I realized my emphasis was too much on understanding how to use indicators to find an entry. This is a misplaced emphasis. You probably have heard the saying: “Analysis Paralysis”. This condition occurs when you are stuck in idle because you bog yourself down in so much information and indicators that you cannot make any trading decisions – or worse, make the wrong decision by missing the obvious.

That’s what was happening to me. I’m willing to bet it’s what is happening to you too.

Price Support and Resistance are the Most Important Signals in Trading! Here’s why...

Your chart is like the artificial gyro horizon - an instrument used to inform pilots of the orientation of the aircraft relative to earth. The pilots must know how to read this instrument in order to navigate safely.

Professional traders also use a gyro horizon to see what the market is doing. They are called pivot points. Pivot levels offer traders a frame of reference so he can see what price is doing and more importantly find his support and resistance levels.

I began to change the way I look at the market with that epiphany. Over the next 18 months, I devised the steps for a simple system for myself to guide my forex trading. I called it my Forex Dashboard System.

And here it is…

As you can see, price action becomes the central focus in my Forex trading!

How simple is that? The truth is you don’t need to clutter your charts with all those indicators to be successful. They’re cluttering your decision-making skills as much as they clutter your charts. All successful “Big Dog” traders focus on price and its relationship to support and resistance. To conquer Forex trading, you have to use them too.

Learn How to Bark Like the “Big Dogs” And You Learn How to Conquer the Forex… It’s THAT Simple!

When I created the Forex Dashboard System, it was as if the fog had been lifted right in front of my eyes. Not only did my trading results improve overnight, but I was having fun again. With my Forex Dashboard System I found could see what the market was doing and where it was headed.

Now tell me this: What more effective indicator is there? If you can use a simple system to see what the market’s doing and where it’s headed, what else do you need to be successful?

The answer is NOTHING.

I was so excited when I finally cracked the Forex that I began sharing my system with several traders. They were surprised by its simplicity, but were skeptical at first. However, not long after, their trading results also improved.

Here’s the Skinny on How My System Works

Professional Forex traders pay very close attention to key price support and resistance levels. This is the foundation of my currency trading system. My system is built around the proven concept of "commercial support and resistance tendencies." Just like the pros.

Let me explain...

Volatile currency price fluctuations are usually initiated by external forces such as global geo-political events, world news, monetary policies, economic reports, etc. Well, as currency traders, we are not concerned about what caused the price movement. We are traders - not economists. We are only interested in profiting from the aftermath volatility as a result of these global fundamental events.

Determine Entry and Exit Points Using the Dashboard…

When a market reaches certain low levels, they are at a support level (support being a price level that attracts buyers simply on lower prices). It could be that the market reached those levels on several occasions before and bounced off them. Markets that reach support levels will often rise as buyers are re-attracted to those price points. Then the herd instinct kicks in and price rises.

If a market rises, and a level of resistance is eventually reached as a price level is rejected by buyers because the sellers are asking 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.

But Here’s the Problem with My System…

It’s effective. It works. It has turned frustrated traders into Forex market marvels!

I know that doesn’t sound like much of a problem, but it is. I used to get barraged with 100’s of emails a week from people just like you who request my help. They want to learn all my secrets, and they’re willing to pay a hefty price to get it. (One guy offered me a blank check. No joke!)

I don’t have time to travel all over the world or take on every student who requests my help – as much as I would truly like to.

That is my main reason for offering you all of the free information in this letter. You may have learned just enough that you can add the info to what you already know – and run with it. But the majority of you will still have questions. And I want to be able to answer all of them.

That’s why I developed a complete home study course to answer all your questions and guide you, step-by-step, to apply my strategies to your trades.

I’m Serious When it Comes to Turning All My Students Into Successful Traders!

My home study Forex video course and video Forex mentoring explain these strategies and shows you in detail how to use these powerful pivot levels to direct your currency trading. With our Forex training, you will master these techniques and they will go a long way to improving your bottom line.

You’ll receive answers to all your questions as Forex trading turns from a complicated puzzle that’s always missing a piece – to something as second nature as reciting your ABC’s.

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