How AstroFx Trade the Forex market

Package Contents Lesson 1— What is Forex? Lesson 2— Fundamentals Lesson 3—Psychology of trading Lesson 4— Mistakes and Traps Lesson 5— Risk Management Pages: 6—41 Pages: 42—45 Pages: 46—54 Pages: 55—61 Pages: 62—69 The Art Of Technical Analysis Phase 1— Price Action & Top Down Analysis Phase 2— Key Level Placement Phase 3— Moving Average Theory Phase 4— Trend-line Application Phase 5— Fibonacci Play Phase 6— Japanese Price Action Candlesticks Phase 7— Technical Charting Patterns Phase 8— Technical Charting checklist The importance of Journaling Pages: 71—78 Pages: 79—87 Pages: 89—95 Pages: 96—114 Pages: 115—129 Pages: 130—153 Pages: 154—169 Pages: 170— 172 Pages: 173— 178 2 Copyright © 2014 AstroFxc LTD. Introduction Our package is constructed in such a manner whereby any individual with lit- tle or no market experience can transform themselves into a professional financial trader with the correct work ethic, self-belief and persistence. AstroFx aim to cre- ate a relationship with our clients, discussing your medium to long term personal goals and ambitions, whilst remaining up to date with your progress on a weekly to monthly basis in order to encourage maximum personal growth and potential. After reading our short story you will now have a greater appreciation for the work ethic, time and dedication required to succeed in the field of forex. The harsh reality is that 90% of traders will lose their hard earned money and we are here to help you to rise above this cruel statistic and walk alongside us on the path to financial independence. All the previous mistakes and the traps we became swindled into, along with every crucial training chapter is disclosed within this guidebook. Unlike the vast majority of the one-dimensional forex teaching packages available out there, the entirety of the information within this book is written 100% by us in a unique manner. We understand that any individual with the correct mental attitude along with some mentoring can become a successful trader, to which there is no limit! We have provided assistance to many ambitious traders, many of who were struggling and in need of that extra fine-tuning in order to shape them into profit- able trading machines. Our package has enabled traders to avoid the garbage flowing through the market, allowing them to divert their attention onto the as- pects that will truly make them money. From this moment on emotions must be left outside the door and a strict discipline is required from yourself. Learning to trade will take you on a journey of self-awareness as your past reaches into your present and programs your future. At some point in their jour- ney every trader will acquire bad habits and subconsciously apply these to the market, ultimately meaning when you choose a behaviour you are choosing a con- sequence. Thus becoming your own worst enemy if you do not purge yourself of any bad habits. In order to become successful in this game you must transform your bad habits into good ones. Some may take longer than others and may necessitate more mistakes in or- der to form them into the best traders they can possibly be. Persistence is abso- lute key in this business; you will most definitely be rewarded for your efforts up- on applying a consistent and dedicated work ethic. 3 Copyright © 2014 AstroFxc LTD. The Traders Constitution 1. I am a successful, disciplined Forex trader. 2. I enjoy trading to make a profit. 3. I honour the responsibilities I ask of myself and those who are watching and depending on me to be such a trader. 4. I will always continue to educate myself on how the market works. 5. I know how to determine market direction and I have a simple trading methodology that works and consists of an entry and 2 exit strategies. One for profit and one to protect me from taking large losses. 6. My stop loss order is placed to work within my equity manage- ment rules and I feel comfortable with that stop loss order when I trade. 7. I have a set of rules that make sense to me that are easy to ex- ecute and easy to obey and I obey these rules. 8. I trade for PIPs, not for money. 9. I trade non-emotionally and turn off my profit loss window on my dealing station to support that decision. 10. I always trade with a protective stop. 11. When I find a trade I create a Trading Plan and ensure to trade my plan. 12. If the currency I trade does not meet the criteria of my meth- odology I will look to trade another currency. 13. If I cannot find a trade then I am patient and will wait until the market meets the criteria of my trade and after each trade I always WIN, either pips or experience. 14. I am always positive when I trade. 15. I will remove the word ’should’ from my vocabulary and re- place it with ’will’ or ’must’. 16. I never take anything personally. 17. I never assume anything. 18. I always use positive words. 19. I always succeed in anything I do through persistence. 20. I always do my best, if I make a mistake I accept it, learn from it and move on.