The Advanced Forex Course for Smart Traders is based on the careful study and application of the principles and practices of the famous "Market Wizards".
The Market Wizards are the elite traders and investors interviewed by Jack D. Schwager in his Market Wizards series of books.
This includes great traders such as Richard Dennis, Van K. Tharp, Tom Basso and Ray Dalio.
In this Forex course we have isolated what it is these top traders do, and how they think and present it to you in a week-by-week lesson format.
Here are the twenty lessons:
Learn how to get the most out of this course.
This lecture emphasizes the importance of your beliefs about the market as you start to formulate your trading plan.
Every action you take is first filtered through your beliefs. If you do not truly believe you can win, you may find trading quite draining and perplexing.
Here’s how to drive your trading planning and performance through the power of self-belief. It’s absolutely essential.
There’s a lot more than numbers and statistics involved in trading at a top level. The market wizards distinguished themselves as truly self-aware and highly emotionally intelligent.
Learn what makes the top traders different, and how to apply the same principles. It’s easier and more rewarding than you might think.
Financial freedom is a huge milestone for anyone, but what does it truly mean to you? This lesson is designed to help you conceptualize and set meaningful goals for achieving and maintaining your independence.
By being clear with ourselves on what we expect from financial freedom, and how much money it will take to get there, we are able to formulate good short, medium and long-term milestones to strive for.
This is our first peek into the market’s many facets and machinations. How the financial system works, why opportunity is everywhere, and how to react when you’re inevitably wrong sometimes.
With a compelling model of the market, you can start to formulate ideas for what will happen when and why. As you get more advanced, you’ll also start to realize the importance of ‘who’ and ‘how’.
This lesson is about how to construct your model from scratch, and then use it analyze the markets
A casino tends to win at its own games over time, because it has a built-in edge. This lesson is about how to recognize, develop and apply your very own edge to forex trading.
By developing an edge and properly defining your initial risk, it becomes easy to see the value in stalking great entries. From here on we will redefine the way we express profits, preferring to use a statistical measure based on the initial risk.
Objectives are the first and most crucial step in system development. We’ve talked about how to create a model, and now we want to create a system to put that model into effect.
How much do you want to make? How much can you stand to lose? How will you recover if you lose too much? These are important considerations that will drive the basis for your system.
Your model and system let you identify and trade opportunities. Your position sizing is what determines how much you stand to make, and how much you may lose.
Sizing your positions strategically is most valuable when done in line with clear objectives. If you identify a high-probability trade, it’s only natural that you configure the risks and rewards to benefit you most. Here’s how.
It is much easier to build a winning system for one or two market types, rather than waste time and energy looking for the holy grail system that works in all market types.
In this lesson you will learn an easy-to-use visual approach to market type identification.
Sam has been trading since 2007. Sam is an ex-army officer and he holds a masters in Leadership. In 2008 Sam joined one of the top 10 Global Forex brokerages, where he worked in both Australia and Singapore. Since then he started a share investing business, SpoonFed Investor and Forex trading business FX Renew.
Heavily influenced by the Market Wizards, the following are five of Sam’s core beliefs on trading:
Sam’s trading style is rules based discretionary. He looks to define the market type and direction using fundamentals and technicals, and then uses price action to stalk an low risk/high reward entry across time frames.