Forex Trading with the Set it and Forget it Method

By J. Thune

New Forex traders also spend waaaay too much time on looking for the magical combination of indicators, settings and colors they think will show them something that is going to help them make more money. There are no shortcuts or bells that go ding to tell you to enter the right position so stop looking right now and if you are using something like that and you’re losing money perhaps that is why. All you need to see is right in front of you on the price chart which is price and time. Those are the only things that professionals care about and nothing else. You can certainly use your chart like a crystal ball to tell you where price will go with a high degree of certainty and Forex Trading with the Set it and Forget it Method tells you how.

Forex Trading with the Set it and Forget it Method describes a method of trading that is used by all professionals in the financial market who are money makers. It is really nothing special and is the way the markets have worked since the beginning of time when there were markets and trading. Doesn’t it make complete sense to you to learn a method of trading that the actual price of the market you want to work in is based on? To me it’s a no brainer however most brand new traders make it very hard on themselves and their accounts in the beginning by learning all the wrong information from day one.

When you are done reading Forex Trading with the Set it and Forget it Method you will have an excellent basic explanation of what and what not to do before you even study anything or do any kind of formal education. The information in Forex Trading with the Set it and Forget it Method will put you on the fast track to becoming a successful self-directed financial market investor and trader with very little money invested.

It will take you awhile to get your head around this set it and forget it mindset however once you do and you have learned the proper money management and other skills you need to be a successful consistently profitable trader you will never want to do it any other way trust me, you can take that to the bank!

• Language: English
• Publisher: J.Thune
• Release date: Sep 18, 2017
• ISBN: 9781386951919

Book preview

Forex Trading with the Set it and Forget it Method

How to Trade & Win with High Probability

By J. Thune

Copyright 2017

Who I wrote this book for

If you are completely new to trading and investing and are looking for a way to make unlimited money from working in the financial markets Forex Trading with the Set it and Forget it Method is for you. You don’t have to have any experience to understand what this book is about because it tells you everything you need to know to become a highly profitable trader. This trading method works on any asset class and on any time frame so you can swing trade, position trade or even trade intraday if that is what you wish to do.

This book describes how to trade in a way that can give you all the free time you are looking for from your brand new trading business and then some. If you are willing to put forth the effort and learn how to trade with a set it and forget it mindset you can have a very nice life from trading the financial markets and become very rich depending on how much capital you are using to invest and trade with. The amount of money you can make from doing this business is unlimited, isn’t that the type of business you’d like to be in?

Once you take the steps to become a consistently profitable trader by doing the proper education and training for this type on investing and trading you will have a lifelong skill that will enable you to make unlimited amounts money from anywhere you chose to be in the world day or night as long as there is WIFI. There is nothing wrong with hanging out at the beach on a beautiful sunny day or kicking back on your boat at the marina and making money while you are doing that, I fly to Europe all the time and know that I am making money the whole time I am flying there.

Perhaps you are looking to be able to provide a better quality of life you your family and be able to spend more time with them, do what it says in this book and you will have all the extra time (and money) to do anything you want anywhere you want anytime you want, I know of no other business in the world that affords someone that kind of freedom do you?

Forex Trading with the Set it and Forget it Method describes a method of trading that is used by all professionals in the financial market who are money makers. It is really nothing special and is the way the markets have worked since the beginning of time when there were markets and trading. Doesn’t it make complete sense to you to learn a method of trading that the actual price of the market you want to work in is based on? To me it’s a no brainer however most brand new traders make it very hard on themselves and their accounts in the beginning by learning all the wrong information from day one.

If you read the information in Forex Trading with the Set it and Forget it Method and then think about it logically, you will see that trading in the financial markets and being able to make money from it is pretty much common sense, here is an example to get you thinking.

The TV’s are almost always by the front door at Costco and Sam’s right? You would never walk into that TV department and call the store manager over and tell them that you love the 75" big screen TV that costs $1500 so much that you will pay $1800 for it would you? No, you would not and most likely, you would want to see if you could get it at less cost than the $1500 right?

We want the best and lowest price we can get for the items we buy in our everyday real lives. Why then would anyone want to go in the live market and buy high and sell low? How you do it in your real life everyday on the things you buy for yourself should be no different than how you do it in the live market trading, buy low sell high or buy at wholesale and sell at retail. Smart money does it every day and so should you if you want to be consistently profitable on a daily basis.

Here are a couple of visualizations I like to have brand new traders do in order to get them thinking on how important it is to get the right information and study the right way to trade from the very first day. I tell my clients I mentor to visualize themselves putting their startup capital into their barbeque and then turn it on and watching their money burn up in flames and smoke right before their very eyes. The road to success in the live market is filled with the wreckage and smell of smoking burned out retail trader accounts it can however be a road paved in gold if you are diligent and careful with your capital.

In the live market there are people who are looking to take all your money and are willing to walk over dead bodies to get paid and rest assured they will walk right into your account and drain it like it’s your life blood. They don’t know you; care if you are having a bad day at the office or lose all your money to them in the live market because it is just business as usual to them on an everyday basis.

When you are done reading Forex Trading with the Set it and Forget it Method you will have an excellent basic explanation of what and what not to do before you even study anything or do any kind of education. The information in Forex Trading with the Set it and Forget it Method will put you on the fast track to becoming a successful self-directed financial market investor and trader with very little money invested other than the cost of this book.

It will take you awhile to get your head around this set it and forget it mindset however once you do and you have learned the proper money management and other skills you need to be successful you will never want to do it any other way trust me, you can take that to the bank!

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You’ll need to get it right from the start

As with any new learning process there is a beginning and an end however in the business of making money with money there are no do overs or money back guarantees. If you make a mistake and get yourself jammed up on a trade and you take a loss you LOSE YOUR MONEY, perhaps even all of it if you haven’t done the right type of education and training.

It is critical that you learn this business the right way the first time from the first day and you should not do anything with real money in the live markets until you have your core strategy down pat and your trading rules are etched in stone and you follow them as if you’re life depended on you following them, it’s that important.

You must know what works for you and more importantly what does not thus it is as I said, critical for you to take your time and learn everything you need to know for the way you desire to trade and work in the live markets before you go in to them. The people who are already in there who are professionals are waiting for you to make a mistake and not have your rules and core strategy down pat and wander into a market where the sharks are waiting to chomp up your capital like it is a snack.

I tell all new traders I help out and mentor not to do anything crazy because as I said, the sharks are waiting for you and will find you and punish your account beyond anything you can fathom as a new self-directed trade who has made the mistake of not doing the proper time with your education and training and the result is a lot of red bleeding into your account balance, is that what you want?

If you want to see the markets for what they really are you might find yourself a mentor who trades real money. A mentor is the type of person who can expedite your learning time and help you prepare yourself for working against the best market participants in the world who will be your competition for profits in the live markets.

Remember, it is only what you do in the live market with real money that matters and the only place you can make real money is the live market using your own hard earned real money so that is all the more reason to be completely prepared when going to work in there. What you do when practicing on demo does not matter because it is not real money and it is not a real order being executed in the live market; never lose sight of that because it gets brand new self-directed investors and traders into a lot of trouble in their real money account.

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Table of Contents

Who I wrote this book for

You’ll need to "get it" right from the start

Self-directed trader learning curve can be long and brutal

The only thing that matters in trading other than making money is money management

Chart reading and price action are the first things you must master

Price and time are the only things the pro’s look at – take a hint here

How and where to learn set it and forget it Method of Trading

You’re trading method should be what the markets really work on – supply and demand

Why you must have your head straight right from the start

How to set it and forget it

The easiest set and forget method beginners can learn right away

My final advice to brand new Forex investors and traders

Bonus chapters

3 things that will help you win more trades – large PM, correlation, confluence in signals

Spot Forex versus Forex futures – What to trade?

Bonus section

Extra links

Glossary

Disclaimer

Self-directed trader learning curve can be long and brutal

To be successful in this business it is recommended that the proper education and training be