Universal Market Trader Trading Blog

We’ve been working with traders a long time.  Beginners through Advanced.  One of the big topics that trips up a lot of people trying to become successful with their forex trading (or any trading for that matter) is the obsession over the losing trades.  However, if you can always know your exact entry point, your exact target and your exact risk point.  And, you knew that your reward was always going to be higher than your risk.  And, you knew that the odds were always in your favor on every trade you take – meaning it’s not 100% guaranteed it will profit, but more trades will succeed than not.  Would you be more than happy to trade this strategy?  Of course you would.  Because you can plainly see with bigger winners, and more often winners there’s no way not to succeed.

However, it is also commonplace for traders to let the losing trades completely undo all of their efforts.  I started this blog post with the “3 Losing Trades” because sometimes that’s what people fear the most and miss out on the other 9 trades that were successful.  The ones that racked up 329 pips of potential profit during the European and U.S. market hours.  I’d personally take two days like this any time, any place.  The lesson here though is not every trade is going to work – but with the UMT FX Live you’ll have a rock solid trading plan that you’ll know that is part of the plan.  And, the wins are on the way as you’ll see in this video:

Forex Trading Live EURUSD, GBPUSD, GBPJPY Wednesday & Thursday

UMT FX Live Forex Trading

There’s only one way to find out…

http://www.netpicks.com/iloveforex

Attend our kick-off webinar this coming Tuesday, February 3rd at 12pm EST U.S. (New York Time) / 9am PST / 5:00 GMT to discover ALL the details including price, curriculum, instructors, materials, and more.

Register early and be on time to get all th specs on this awesome live forex course. Be sure to stay for the ‘Fast-Mover’s’ Bonus!

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Today we wanted to show you some “active” trading of the forex using the Universal Market Trader.  Instead of focusing on time intervals (for example 5 minute charts) like our last couple of videos, today we’re going to discover “tick charts” – a number of traders are unfamiliar with these but they really provide some excellent trading set-ups.  Tick charts have several advantages over time intervals including they are more responsive to fast moving markets – but also tend to handle slower moving/choppy market conditions better.  We definitely suggest forex traders give them a look especially once you learn about the ideal timeframes to use.

You’ll notice as well from the video how we pick the “best of the best” – our focus is always to take the highest odd set-ups we can – without undue risk.  Our strategy always has our reward greater than the risk.  This is not a strategy where we are going to put on a trade then have a risk of hundreds of pips so we can pick-up 20 pips of profit.  It’s the exact opposite – you will always know that if you’re target happens to be 20 pips – your risk will always be less than that.  Not only is that comforting, it also enables you to use smart risk and money management.  If you take a loss, you take a loss, and you move onto the next trade.  We’re not going to stay with a trade until proven correct – that’s just stubborn trading an ultimately it will lead to a large drawdown and potential wipeout of your account.  We take the exact opposite approach – no one trade is ever make or break for us.

Take a look at the trades on the video – even if you know very little about the strategy rules you can see that it’s not difficult to identify the trades, the targets and the stops.  You just place the trade, and manage it per what you see on the screen.  Check it out here:

GBPUSD Active Forex Day Trading Monday & Tuesday

Focusing in on the same pairs we’ve been tracking – GBPUSD, EURUSD and GBPJPY using basic 5 minute charts has led to another solid performance Friday and today (Monday) — the video below will outline the forex trading results using our straightforward UMT FX Live set-ups.  Exact entry, target and stops on every trade – and it’s a fairly relaxed approach since we usually are only looking at having to take a couple of trades per currency pair, per day.  That makes managing it very straightforward rather than trying to scalp out a profit taking numerous trades.  This avoids the stress and gives us the opportunity to allow the forex makrets to be volatile but ultimately break our way. Check out the latest video right here:

UMT FX Live Forex Trading Results Video Friday – Monday

As you know, we at NetPicks stand by our Universal Market Trader system. We love how the UMT has no subjectivity, total simplicity and extreme flexibility.

What you may not know is, we have now taken all the great features (plus MORE) the UMT has to offer and we’ve customized it for the forex market!

That’s right — FX Live! has arrived and it’s FREE!

“How is it free?” Easy! Answer the 2 questions below, post your answer and on Tuesday, February 3rd we’ll announce the winner of an entire FX Live! Course.

You can win all of the above just by answering these simple questions…

1. “What type of obstacles have I run into in the past that have prevented my trading success?”

2. “Why am I drawn to trading the forex?”

Post your answer here and we’ll announce the winner in our FX Live! Kick-Off Webinar February 3rd, 2009 (registration details TBA!).

The key to winning are thoughtful responses – that means no 1-sentence postings! We don’t want a novel but give us something to work with.

Best of luck!

And remember, register now for the FX Live! Webinar scheduled for Tuesday, Feb. 3rd at 12pm EST U.S. (New York Time) / 9am PST / 5:00 GMT!

http://www.netpicks.com/iloveforex

Since so many of you wanted to know more about this awesome new product let’s get down to the nitty gritty!

Here are some of the highlights from this revolutionary new forex course…

* 4 Week LIVE Training Course by the Developers of the Product
-Have all your questions answered weekly in real-time by the developers AND be up and running in 30 days flat!
-Personal Attention with one-on-one coaching calls between you and a FX! Live Trainer
-The daily forex training room run by a former professional floor trader and expert coach
* Big box shipped directly to your doorstep filled with training guides, manuals, and DVD’s for your future reference
* Access to the exclusive member’s only Owner’s Club
-2 month all-access pass to the latest forex videos, updates, webinars, articles, and forums
-Access to the Advanced Tactics plugin software fully compatible with the MetaTrader charting platform

This 4-week intensive training will literally transform the way you trade the forex (not to mention, potentially transform you profits!). Whether you’re a forex newbie that needs complete guidance from start to finish or an advanced investor trying to nail down the nuances and grasp the next winning edge – FX Live! is your go-to course.

Want more details? Of course you do! Stay tuned for the registration link for our FX Live! Kick-Off Webinar scheduled for February 3rd, 2009 where you’ll receive all the info on this innovative forex training course.

Nice and consistent trading session today.  We’ll take a look at 3 core markets — EURUSD, GBPUSD and GBPJPY trading off of the 5 minute charts.  You’ll see it is quite relaxed trading this way – we get exact entry points, profit targets and stop levels.  And, what is most important is we take trades where our reward is larger than our risk.  You might see strategies out there these days that have almost unlimited risk – they’ll keep a trade open until it closes at a profit – no matter what the risk is.  This is simply a mistake – you’ll have huge drawdowns and it becomes un-manageable.

That’s not the way we trade – we know our reward is greater, it’s very manageable and we can keep our risk down per trade on our accounts to 1% if we choose.  2% if we choose to get aggressive.  You see how that can be so much more comforting than having endless risk?  View the video and we’ll walk you through the basics of the trading strategy, how it traded today in the European and U.S. market hours and how clear-cut the trades are :

Live Forex Trading for Thursday, January 22, 2009 – Click Here for Video

GBPJPY Trading Thursday Jan. 22, 2009

We’re readying something big for forex traders, and it’s coming very soon.  We thought what better way to kick this off than answer some of the most important questions that forex traders need to understand before they start trading — OR should immediately incorporate into their current trading plan:

• Best Currency Pairs to Trade
• Best Times of Day to Trade those Pairs
• Best Time Intervals to use (Ticks vs. Time)
• Best Reward to Risk Ratios
• Best Dynamic Targets & Stops

Our video will take you through each of these core principles and answer those questions for you.  We’ll show you why we look to “Get In, Get Out and Get Done” when it comes to our forex trading.  Sure, these markets trade 24 hours per day but who wants to be ruled by a 24 hour a day market?  We’ll show you why you should completely avoid trading strategies that risk many times over what their reward is – it’s a fast trip to disaster for most traders.  In videos that are coming up we’ll talk about the best risk management to use, we’ll show you our exact trade set-ups on all your favorite currency pairs and how we always have an exact entry and exit and YES – our reward is always greater than our risk.  Finally, we’ll show you just how you are going to quickly master the Universal Market Trader strategy in a very unique way.  More on that soon.  Here’s the first video for you -just click the link below- bookmark and return daily for lots more!

The Best of Forex Trading – Mastering Pairs, Timeframes, Intervals and Reward