1. The Science of Overcoming The 2nd Hurdle To Profit in FOREX
3 LEARNING CURVES OF TRADING
The Science of Overcoming The 2nd Hurdle To Profit in FOREX
Conversion of Demo To Live Trading
Part 2

2. 3 LEARNING CURVES OF TRADING
DISCLAIMER
Nothing in this presentation is intended to be advice. These are merely examples of what others have done that have found success. It is up to you, the trader, to make your own decisions on how you manage your risk capital. Only risk capital should be used when trading.

3. 3 LEARNING CURVES OF TRADING
Baseline Poll
How are we doing as a group of Traders?
Some of the questions are the same as last week. Some are new?
Everyone’s participation really helps with the results ..bigger numbers, better results.

4. 3 LEARNING CURVES OF TRADING
The 3 Major Learning Curves In Trading
The Mechanics of Trading
The “How To” of Trading
The Trading Plan and Set of Rules
How To Gain an Edge
Conversion From Demo Trading To Live
Understanding and Controlling Your Emotions and Become Disciplined in Your Trading
Coping With The Emotions of Wins and Losses
Learn To Become Emotionless
If Trading is NOT FUN, You are Doing it WRONG!!
1. The Mechanics of Trading
The “How To” of Trading
The Trading Plan
How To Gain an Edge that will allow you to be profitable
2. Conversion From Demo Trading To Live
Understanding and Controlling Your Emotions and Become Disciplined in Your Trading
In This webinar series we will give you some thoughts and suggestions as to how to do first prior to experiencing large draw downs in your Live Account.
3. Coping With The Emotions of Wins and Losses
Learn To Become Emotionless when you experience large or repetitive losses. When this happens, traders without a plan or system, experience FEAR, FRUSTRATION, ANXIETY,etc.
It is a definite Gut check to have many loosing trades in a row, or win big and loose respect for the market to the point where you believe you don’t need a plan let alone follow a plan.
To become a Full Time Trader you will have to have a plan of action and follow it relentlessly. I have never heard a profitable trader who doesn’t speak continuously about his rules or his plan. This webinar series is intended to give you some ideas of how you might get a plan of action going that will lead you more quickly to where you wish to go.
If Trading is NOT FUN, You are Doing it WRONG!!

5. 3 LEARNING CURVES OF TRADING
Simulating Builds Confidence In Actual Situations
Conversion From Demo Trading To Live Money
Last week we discussed the similarities between a pilot using a Flight Simulator and a Trader Demo Accounts and Simulated Trading to get experience. This is why the Core of our Acceleration program is centered around practice trading and simulated trading.
We are trying to help you get many years of experience within a period of just 2 – 4 months.
This practice will build your confidence when you get into actual live trading.

6. 3 LEARNING CURVES OF TRADING
Why Do Simulated Trading?
“To Gain Experience without loosing your money”
Prevent Crash and Burn Fatalities !!!
Conversion From Demo Trading To Live
Why Do Simulated Trading?
“To Gain Experience without loosing your money”
SAVE THOUSANDS OR MILLIONS $$$$
Easier To Recover from Loss in a Simulator Than A Real Plane. Same is True with Trading!!!!!
EXAMPLE FROM AUDIENCE
Is there anyone in this audience that would like to share a 30 second testimony of the hazards of going live before you are ready????

7. 3 LEARNING CURVES OF TRADING
Simulated Trading Webinars by Natalie
Developed and tested her Trading Plan
Practices “To Keep Sharp.”
Fact based to stay in constant touch with Markets
Builds Confidence To Execute Trades w/o FEAR
Test New Strategies
We briefly touched on Natalie’s webinars on Simulated Trading With Launch Pad and Nth Degree Natalie (one of our top student). She revealed one of her secrets to success and that was:
That she practices this plan every day “To Keep Sharp.”
It is fact based, and she stays in touch with her markets by simulating.
Builds Confidence To Execute trades Knowing Beforehand The General Results of what her Live Trades will be.
Can test New Strategies without Crashing and Burning, or more Importantly, burning up her live trading account.

8. 3 LEARNING CURVES OF TRADING
Shorter Term Strategy (using the Daily / 4hr / 1hr Strategy):
Setup
Early Bird or Blue Light Special on the DAILY TIMEFRAME (Trend Timeframe)
Go to the 4hr and 1hr and draw a horizontal line at fractals which may serve as potential entry areas.
Wait for a BLUE LIGHT SPECIAL on the 4hr to confirm the DAILY Trend (Confirmation Timeframe)
Entry
Enter a position on a fresh 5 alarm trade on the 4hr or 1hr ONLY in the direction of the trend
Ideally will be a Fractal Break to confirm
When entering on a 5 alarm trade off the 1hr, go to the 4hr and confirm that the AO is the same colour as the AO on the 1hr. This will keep you from entering into a sideways market.
TIP: Go to the 1hr and make sure that no divergence / convergence are present which may cause a pullback.
Exit
Watch 4hr or 1hr for a slowing in the market near the support / resistance zones
Manage my trade by moving my stop to the high/low of the previous 1hr bar.
Triggering of my profit target
This is a recap of the Short term Strategy that Natalie Laid out in her Simulated Trading webinar. This is the same strategy I used in doing this exercise. She has a written plan for her strategy including the Setup, The Entry, and the Exit points. In addition, she presented in this same document a written plan for Adding on to the trade, Stop Loss placement and Profit Target Placement criteria.
My point here is that each of your trading plans could have a written statement for each one of these elements of your own strategy. This is one she found worked for her, and so she has repeated this over and over and over again…………………. And made lots of pips doing it.
How do you think she came up with this plan???? Practiced, documented, tracked, etc. until she found what worked for her.
Trading is a skill, like being a doctor, an engineer or a plumber. And it takes work and practice to get there.
So, Let’s go ahead and look at some charts to see how this works. I won’t go through the details in this webinar of the technique that she used to simulate because they are all well laid out in our study courses and in Natalie’s webinars themselves.

9. 3 LEARNING CURVES OF TRADING
AUDCAD – Weekly Chart
Start of Up Trend
Start of Down Trend
So Here is the AUDCAD on the weekly time frame. Remember from last week that I marked trending area on the chart with Red Line for the beginning of a Down Trend and Blue for an Up Trend.
I have used the principles of Natalie’s Simulated Trading Plan and applied all the rules she did to simulate 20 trades on this one pair using the same Trading Plan she brilliantly outlined in both her recent webinars. She did a plan for Launch Pad and one for Nth Degree Users. Both were very powerful presentations on how to use our system.
Using these strategies, I actually documented 10 trades in the down trend and 10 trades in the up trend portion.
There are many things that one could track. Keep things very simple.
Since there is no one that will enforce your Rules you can keep your tracking and methods as simple as possible, or get lost in analysis. You may choose for yourself what is important and what is not.
Last week I asked you to all think about and Examine Criteria That You think Will Be Important To Track For Your Own Trading Plans. Let’s get some ideas of what this group came up with? Verbally ask for input then----- (Launch Poll)

10. 3 LEARNING CURVES OF TRADING
Variables I Track When Trading
Recorded Variables
Market Type,
Currency Pair,
Entry and Exit Strategy,
CDC
Specific Variables
Buy or Sell Direction
Lot Size
Entry and Exit Times and Prices
Where I Place Stop Loss & Take Profit
Most Negative I Allow Market to Go Against Me
Profit Potential for the time I was in Trade
Output Data I Want To Track
Recorded Data
Pips From Stop Loss To Entry
Pips From Profit Target to Entry
Pips The Trade Went Against Me
Pips of Profit Potential in my trade
Pips Won and Lost
$ Amount Won or Lost
Calculated Data
Hours Lapsed From Entry To Exit
$ Amount Won/Lost Per Hour
Reward/ Risk (Pips Won/Stop Loss) Should be 1.00 or greater
Win / Loss Ratio
Trader Effectiveness Ratio (PF) –
My Market test of the AUDCAD pair provided absolute confidence to enter and exit trades in using this strategy.
The Secret of This Exercise is “The Confidence I Gain Prior to Entering A Trade. I know what to expect if I Follow My Trading Plan Exactly.”

11. 3 LEARNING CURVES OF TRADING
AUDCAD – Daily Chart

12. 3 LEARNING CURVES OF TRADING
AUDCAD – 4 HR (2 Trades)

13. 3 LEARNING CURVES OF TRADING
AUDCAD – 1 HR 1st Trade

14. 3 LEARNING CURVES OF TRADING
AUDCAD – 1 HR 2nd Trade

15. 3 LEARNING CURVES OF TRADING
Review of The Following Tools:
Nth DEGREE TRADE JOURNAL
SIMULATED TRADE STRATEGY SPREADSHEET
AUDCAD PAIR - Using The Week, Day, 4 Hr and 1 Hr
Bring Up these Three Excel Spread Sheets and Review of the simple tracking and the results it leads to. These are suggestions and not to be relied upon as the only way to track to get results. They aren’t sophisticated, but they represent data you might find useful in developing your own strategy to trade with.
I will put the simplified Tracker and the Simulated Trade strategy spreadsheets with the Trade Lab Webinar Video link as a download as an Aid To Help Guide You To Your Own Tracking System.

16. 3 LEARNING CURVES OF TRADING WHAT ARE YOUR NEXT STEPS?
Keep Attending The Thursday Trading Labs
Take the Time to Complete The Survey Questions sent with your “Thanks For Attending” Follow-up . These letters should be mailed within the hour.
Take Control of Your Trading Future and Start to Develop a Scientific Approach to Tracking Your Trades.
“If You Don’t Track Your Trades You Will Never Be In Control”
Trading is a skill or discipline. Treat it as though your life depends on it. For Most of You, “ IT DOES.”
You May Need Some Help?? That’s Why We Are Here and Why We Have Developed One of The Best Trading Systems Commercially Available to Assist you in Reaching Your Goals.
WHAT IS YOUR NEXT STEP?
Contact Michael for your NEXT STEP Consultation.
Or Call (888) ext. 802
30 minute coaching consultation session – FREE for responding to our questionnaire!
We would like to get to know you, your trading objectives, current situation, and experience levels.

17. 3 LEARNING CURVES OF TRADING WHAT ARE YOUR NEXT STEPS?
If you are serious about making a living or creating a lifestyle through FOREX Trading then contact Michael for your NEXT STEP Consultation!
Or Call (888) ext. 802
30 minute coaching consultation session – FREE for responding to our questionnaire!
WHAT IS YOUR NEXT STEP?
We would like to get to know you, your trading objectives, current situation, and experience levels.