Good evening ladies and gentlemen
I have been reading through the threads on here with interest to see what people have to offer in terms of strategies and mentoring. There is a lot on offer - some good and some very debatable - and it's always hard for a novice trader to find the right support and guidance in the Trading world. Everyone seems to have the next best thing since sliced bread. Black box systems never if rarely work and why would a person ever want to follow a system that generates signals without knowing what variables are involved?
The trading world is basically divided into two groups. The Smart Money and the Dumb Money (By the way these are not my terms. These are terms used by the top institutions and traders that are taking your money). The Dumb Money make up a whopping 95% who lose all their money in the first year. The 5% are the hedge funds, investment banks etc and smart money private traders who have learnt to trade like these institutions.
I believe this can be broken down a little further:
!. The hedge funds etc that make a killing as they have the funds
2. The Smart Money private traders who make a very good living from trading through education and long term investing.
3. Traders that can make some money from the markets through systems they have developed or are using but are missing the bigger picture.
4. The novice looking to learn and dabbles here and there with what little funds they are willing to risk and learn from.
5. And lastly the down right stupid (like my cousin) who had absolutely no understanding of the markets, took a punt cos of a sure bet his "mate" gave him and lost thousands!!
This is where I come in. I have been trading for 4 years and am an accomplished trader. Some people say that you do not need a mentor but to be honest I think that is total rubbish. We can all learn to swing a golf club from watching youtube videos but get Tiger Woods to teach you and it's a different ball game. I can speak from experience. i found my mentor very early on and luckily did not waste thousands going to these seminars in the city promising you the world in a year. Also I did not need to waste time trying to use maths etc to develop my own system. Ironically I met him at one of those seminars so I made my own luck and the rest is history. My trading has come leaps and bounds. Earlier this year I reached a pip total of 12500 in the FOREX markets with the CHF being my best trend of the year.
Let me rewind a little. I am a photographer and loved what i was doing. Who wouldn't love photographing beautiful women on a daily basis but the hours I was putting in for the financial rewards was not the lifestyle I was looking for. I researched into trading and by luck, as explained, I found my mentor. I started life as a day trader doing that for a year. I quickly learnt that the lifestyle was also not for me. I used to make very good money one day and then lose it all the next. On top of that sitting and staring and stressing out at the screen was not what I was looking for. I would prefer the life I had as a photographer. However, I needed to go through that year of day trading to realise and appreciate that to make money you need to "invest" over a long term basis. Trading for 40 odd pips on smaller time frames only works if you have millions to trade with. If you are the average Joe you need to think long term. Say for example you have £50 000 in a trading account and make 30% a year (which is more than achievable with the right training) how much would you have at the end of 10 years? I will leave you to do the maths.
What we offer is a one year mentorship scheme that ultimately aims to get the amount of time you spend in the markets down to 15 to 30 minutes a day with maximum results. This allows you to spend the rest of the day doing what you want such as your regular day job or - once you have it working for you - enjoying and living the life the way you want. But as I have already mentioned this won't happen over night. The one year course comprehensively covers technical analysis, one to one time in our office, risk management through a spread sheet we give you which works everything out for you, trading psychology and our proven strategies which are fully explained. This then allows you to do discretionary trading which we promote. We are trend trades that compound throughout the trend which in a good trend can takes thousands of pips. As mentioned before, some on our mentoring scheme have taken around 7000 pips on the CHF alone this year. When markets are in consolidation we stand aside and do nothing. Standing aside is also a position. You only need a few good trends a year to have a successful year. Last year was the EURAUD. Check the daily time frame on both which is what we use.
Please check out my free blog at www.zaheeranwari.com.
My mission in life is to stop people wasting their money on bogus box systems and signing up to those seminars where they learn nothing. Day Trading is considered the sexy way of trading but the real way of making money for the average Joe is through long term investing.
I would like to end this by saying I am by no means attacking anyone on here. You are all passionate bout what you do and there are lots of ways to make money from the markets. I am just throwing my philosophy into the mix. Please contact me if you like what you read and want to know more. Of course your comments and suggestions are more than welcome.
ps my next blog update will be tomorrow after NFP. I usually do a minimum of 2 a week. Oh and my laptop will be off all day tomorrow until the evening when I do my blog update as I have no interest in scrambling for a few pips trading the news.
I have been reading through the threads on here with interest to see what people have to offer in terms of strategies and mentoring. There is a lot on offer - some good and some very debatable - and it's always hard for a novice trader to find the right support and guidance in the Trading world. Everyone seems to have the next best thing since sliced bread. Black box systems never if rarely work and why would a person ever want to follow a system that generates signals without knowing what variables are involved?
The trading world is basically divided into two groups. The Smart Money and the Dumb Money (By the way these are not my terms. These are terms used by the top institutions and traders that are taking your money). The Dumb Money make up a whopping 95% who lose all their money in the first year. The 5% are the hedge funds, investment banks etc and smart money private traders who have learnt to trade like these institutions.
I believe this can be broken down a little further:
!. The hedge funds etc that make a killing as they have the funds
2. The Smart Money private traders who make a very good living from trading through education and long term investing.
3. Traders that can make some money from the markets through systems they have developed or are using but are missing the bigger picture.
4. The novice looking to learn and dabbles here and there with what little funds they are willing to risk and learn from.
5. And lastly the down right stupid (like my cousin) who had absolutely no understanding of the markets, took a punt cos of a sure bet his "mate" gave him and lost thousands!!
This is where I come in. I have been trading for 4 years and am an accomplished trader. Some people say that you do not need a mentor but to be honest I think that is total rubbish. We can all learn to swing a golf club from watching youtube videos but get Tiger Woods to teach you and it's a different ball game. I can speak from experience. i found my mentor very early on and luckily did not waste thousands going to these seminars in the city promising you the world in a year. Also I did not need to waste time trying to use maths etc to develop my own system. Ironically I met him at one of those seminars so I made my own luck and the rest is history. My trading has come leaps and bounds. Earlier this year I reached a pip total of 12500 in the FOREX markets with the CHF being my best trend of the year.
Let me rewind a little. I am a photographer and loved what i was doing. Who wouldn't love photographing beautiful women on a daily basis but the hours I was putting in for the financial rewards was not the lifestyle I was looking for. I researched into trading and by luck, as explained, I found my mentor. I started life as a day trader doing that for a year. I quickly learnt that the lifestyle was also not for me. I used to make very good money one day and then lose it all the next. On top of that sitting and staring and stressing out at the screen was not what I was looking for. I would prefer the life I had as a photographer. However, I needed to go through that year of day trading to realise and appreciate that to make money you need to "invest" over a long term basis. Trading for 40 odd pips on smaller time frames only works if you have millions to trade with. If you are the average Joe you need to think long term. Say for example you have £50 000 in a trading account and make 30% a year (which is more than achievable with the right training) how much would you have at the end of 10 years? I will leave you to do the maths.
What we offer is a one year mentorship scheme that ultimately aims to get the amount of time you spend in the markets down to 15 to 30 minutes a day with maximum results. This allows you to spend the rest of the day doing what you want such as your regular day job or - once you have it working for you - enjoying and living the life the way you want. But as I have already mentioned this won't happen over night. The one year course comprehensively covers technical analysis, one to one time in our office, risk management through a spread sheet we give you which works everything out for you, trading psychology and our proven strategies which are fully explained. This then allows you to do discretionary trading which we promote. We are trend trades that compound throughout the trend which in a good trend can takes thousands of pips. As mentioned before, some on our mentoring scheme have taken around 7000 pips on the CHF alone this year. When markets are in consolidation we stand aside and do nothing. Standing aside is also a position. You only need a few good trends a year to have a successful year. Last year was the EURAUD. Check the daily time frame on both which is what we use.
Please check out my free blog at www.zaheeranwari.com.
My mission in life is to stop people wasting their money on bogus box systems and signing up to those seminars where they learn nothing. Day Trading is considered the sexy way of trading but the real way of making money for the average Joe is through long term investing.
I would like to end this by saying I am by no means attacking anyone on here. You are all passionate bout what you do and there are lots of ways to make money from the markets. I am just throwing my philosophy into the mix. Please contact me if you like what you read and want to know more. Of course your comments and suggestions are more than welcome.
ps my next blog update will be tomorrow after NFP. I usually do a minimum of 2 a week. Oh and my laptop will be off all day tomorrow until the evening when I do my blog update as I have no interest in scrambling for a few pips trading the news.
Trading is simple but not easy!