The only Forex strategy I recommend…

Why I Want a Robot Lawn Mower PLUS The Only Forex Start-up Strategy I Recommend…

Flicking through the newspaper last Sunday, I spotted an advert for an automatic lawn mower.

Have you seen it?

This thing is circular, about the size of a Frisbee, and nips out of its little charging station three times a week to trim the lawn for you.

No grass clippings to collect or anything, you just leave the mower to it.

In the ad, a man is in the background trimming a bush into the shape of a rabbit while his lawn gets cut. And it caught my eye for two reasons:

Firstly, I really fancy one of these mowers myself!

Secondly, it made me think how  – just like the shrub-shaping man has done with his gardening – when it comes to trading, you need to get a robust, reliable, low-maintenance system humming along in the background, doing the grunt work for you.

It can look after the day-to-day task of ushering in your first forex income stream. It shouldn’t need any awkward time commitments from you. And apart from growing your trading funds…

Once you’ve got it rolling – this can give you so much flexibility.

For example…

You could start putting some of your early profits to one side and treat yourself to a little weekend away from time to time, build up your holdings in precious metals, or whatever else takes your fancy…

But you should also reinvest some of the profits at this stage in testing, exploring, and experimenting with the more aggressive or exotic strategies that appeal to you.

This is the smart way to establish, develop and expand your trading enterprise, don’t you think?

Do it like this and you’ll get to pay yourself as your forex venture takes off. But you’re also protecting your seed funds from excess risk, because remember – it’s the market’s money that’ll be bankrolling your growth.

And whereas most traders dive headlong into a single ‘big-promise’ strategy – living or dying by the result of their last trade – you can be smarter:

With just a little bit of patience and some tactical thinking, you could build up a small portfolio of trading systems around that solid backbone of your initial start-up.

They can all run alongside each other and fit together like pieces of a jigsaw.

Take the time to get it right and this is when you can see sudden, explosive growth in your trading account.

But the key is to be sensible about which strategy you choose for your start-up in the first place.

I’d avoid the temptation to go for the latest, most highly optimised, magic-bullet system. That can be a mistake. The aim here is not maximum profit at all cost…

In fact, profits are not the only benefit to you at this stage.

Here are three more critical objectives you stand to achieve from a solid start-up:

* First of all, you can find almost instant trading consistency. And getting this is the number one problem traders complain to me about.

Do it how I suggest and you can outmaneuver the crowd. Most traders would give their right arm for what you’ll come to regard as the norm.

* Secondly, you’ll build unshakeable confidence in your ability to trade. 

Too many would-be traders get blindsided by the ups and downs of their bankroll. Their confidence and discipline sputters and they watch their chances of success disintegrate before their eyes…

But you’ll already be two steps ahead of them with the foundation of supreme confidence you can build with your start-up system.

* Thirdly, you’ll maintain your momentum, your interest and your commitment to your trading operations. 

The thing is, it can be very de-motivating for those who struggle with trading, never seeming to get ahead…

You on the other hand, not only get to enjoy the fruits of your early success, you’ll enjoy the warm satisfaction of a steadily rising account balance.

And you also get to explore and investigate any trading system that takes your fancy – while the market foots the bill.

For a trader, what could be more stimulating?

So that’s the position you can find yourself in once your start-up system is motoring along. But how do you get it going in the first place?

Of the many trading systems and methods out there, which are most suitable for a start-up and which one should you choose?

After all, you’ve probably read in the trading books how it’s important to find an approach that fits your own personality and your available resources.

There is one particular strategy I’m quite partial to however…

I should be – I’ve spent the last eighteen months developing and finessing it!

It’s been designed to suit the demands of the most time-starved trader but can just as easily be cranked-up for a minute-by-minute live session at the trading screen.

There are four different elements to it – including a ‘fast start’ strategy – so straightaway, you’ve got your own mini-portfolio of methods to test and examine

I’m very proud of this package and it’ll see first light of day next week.

In the meantime – give my idea of the start-up concept some thought.

If you agree it makes sense, make a note in your diary for Thursday 19th September – that’s when I can tell you the full story of what I’ve been preparing.

It will be an honor to walk you through my idea of the perfect start-up strategy.

(N.B There might be a ‘leak’ of more information before the 19th September. If you want me to keep you updated – reply to this email now and put “leak” in the subject line.)

Recommended Reading:

Before he gets to the part where he makes $1.2 million in one night! (he was trading Bond futures as the first Gulf War kicked off)…

…Marty explains how he first went about mastering the basic trading techniques.

He then goes on to explain exactly how he developed his system based on an almost overlooked observation of price action.

This is a one switched-on trader…

Even if the technology has moved-on, you’ll still learn a lot just from the thought-processes he describes as you’re walked through his various trading capers.

Marty Schwartz was one of the featured traders in Jack Schwager’s Market Wizards book and Schwager himself describes Pit Bull as “a modern day Reminiscences of a Stock Operator”

It’s written in a very personal style and he doesn’t hold anything back. You’ll ride all the lows and highs of his trading career right alongside him…

Great story from a great trader.

You can find it on Amazon here

Be Prepared: Market Moving Data Coming This Week (London Time – BST)

After last week’s busy agenda we’ve got a pretty quiet week ahead on the official announcements front.

The US Dollar took a bit of a clobbering across the board last week and analyst talk is of continued volatility until we see more clarity on the Fed’s timing of their ‘tapering’ program.

Wednesday 11th September:
09:30        UK    Claimant Count Change (GBP)

Thursday 12th September:
13:30        US    Jobless claims (USD)

Friday 13th September:
13:30        US    Retail Sales (USD)
13:30        US    PPI
14:55        US    Michigan Sentiment (USD)

I hope you enjoyed this issue. Don’t forget to have a think about that start-up idea I was telling you about.