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Nov 14 2010
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Stealth Forex System, an excellent forex trading system developed by a husband and wife team. Get these
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Candlestick Patterns with this FREE 82 page PDF Candlestick Guide. Steve Moore: I have a dog and also a cat. I live in a fairly rural part of the island where there is an abundance of lizards.
Both my dog and my cat like to catch lizards. Both are very dedicated to the task and spend many hours each day in this seemingly endless pursuit. As I have said, both the dog and the cat have the same goal, and yet they approach the task in very different ways.
Ted, my dog, rushes out as soon as the door is opened, tail wagging, barking at full cry and starts his ritual hunt. If he can actually see a lizard he rushes straight after it, but of course the lizards know he is coming almost before he has left the house, and they retreat in a flash to their hideaway. Undeterred, Ted continues his energetic search of all of the nooks and crannies in which he once saw a lizard. Rarely if ever does Ted catch a lizard, but he loves to try.
My cat, (no name) could not be more different from Ted if he tried. Cat never rushes out of the house, but prefers a leisurely stretch, a slow but scrutinizing stroll to his favourite vantage point where he makes himself very comfortable and then he just sits still, sometimes for hours.
Every once in a while, an unwary lizard moves within striking distance of what appears to be the statue of a cat and in an instant, Cat has added another lizard to his long list of trophies. Cat is a formidable lizard hunter. So what has this to do with currency trading?
Aside from being a professional forex trader, I also sell copies of my forex trading system, The Amazing Stealth Forex System and I offer a free unlimited email support facility to all of my purchasers. I receive, as you can imagine, a great many questions and comments with two particular themes being received more often than any other.
One is in relation to my thoughts on what "the big dogs" are doing and the other is why the system did not "recommend" any (or many) trades Yesterday - Last night - This morning - or whenever the particular trader in question wanted to trade but did not get a system trade set up.
My answer to the first question is usually similar to this: I really do not worry about what the "Big Dogs" are up to as it will not affect my system trading, but if you really want to know, you can look them up for free at the "Commitment of Traders" (COT).
And to the second my answer is: Even a great forex trading system like The Amazing Stealth Forex System can only alert you to high probability trades if there are any. The system highlights the opportunity, it does not control the market. The most successful traders are the ones who have learned to have the patience and self discipline to watch and wait for the right opportunity.....and then they strike.
It was whilst idly watching both my dog and cat that I realized that if they were both traders, the attributes of the Ted would put him in the category of the 95% of traders that lose money. Ted is all enthusiasm with no patience. Lots of energy but no self control. Eager to the task but not prepared to watch and wait.
Whereas the attributes of Cat would easily place him in the top 5% of traders that make money. He has a method that works and he sticks to it. Cat is infinitely patient and has fantastic self discipline. Cat knows that it is pointless to make a move until the conditions put the odds firmly in his favour. When everything lines up, Cat strikes.
For this reason, I highly recommend that you stop trying to trade like a Big Dog and consider trading like a Cat. Good health and happy trading.
Aug 16 2010
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Stealth Forex System! As as new forex trader what you need is a good forex trading system that has been proven and tested to work under different market conditions. If you think, you can develop your own trading system, forget about it. This is not possible for a new trader. Developing a new system can take many years of development and testing. You will have to develop indicators for your system. Plus you will have to test these indicators under different live market conditions.
This is something you should leave to the pro traders for the time being. Your first and foremost duty as a new forex trader is to start making money as soon as possible so that you become more confident and start thinking about becoming a pro forex trader. When you have developed a high level of expertize trading the forex market, you should then think of developing your own systems.
Right now, what you need to do is search for a proven and tested system. When you are about to select one trading system, try to go to the forums and read reviews about that system by other traders who have used that system overtime. This can teach you a lot and give you a lot of clues as to how well the system is.
One such forex system that you must take a look at is the Stealth Forex System. Stealth Forex System has been developed by a husband and wife team, Martin and Virginia who live in Spain and use their system to trade the forex market daily. This system is very simple and easy to use. No theories and no fluffy stuff, plain and simple instructions do this and do that. Very easy and simple to follow step by step instruction. The indicators have been developed by Martin and Virginia. They are simple and easy to use. It has got:
1. Stealth BUY SELL Indicator
2. Stealth LCD Indicator
3. Stealth Hybrid Indicator
4. Stealth Weighted Pivot Points Indicator
5. Stealth Earlybird Alert System
Now, this system uses weighted pivot points. Pivot Points are one of the most powerful tool in the hands of an experienced trader. They are the best leading indicators. Forget about moving averages, MACD, RSI, Stochastics and other technical indicators, all of them are lagging indicators but not Pivot Points. This system uses customized pivot points in setting up a trade with predefined profit targets.
Whatever, Stealth Forex System is being used by thousands of registered traders all over the world. It is simple and easy to use with nothing complicated in it. You don't need any programming skills or stuff like that to master this simple and easy to use system.
This system can trade all the major currency pairs as well as the crosses. It's results on EURUSD, the most lucrative currency pair are best. In the hands of an experienced trader, this system can easily make 3,000 to 5,000 pips on average every month. Making 3,000 pips by working not more than 2-4 hours each day is not a bad bargain. 3,000 pips a month means $30,000. Not bad huh!
What you need to do is to download it RISK FREE for 60 days and try it on your demo account. In just two weeks, you will start liking the simplicity and elegance of this simple system that can make hundreds of pips for you if not thousands in the beginning. If it doesn't make you happy with the results go for a refund!