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  2. Why it is that when a trader is day trading currencies (or for that matter any financial market), that trader can make extraordinary amounts of money? “It’s because of the risk factor” Many will say The problem with this sweeping statement is that it doesn’t get to the heart of the matter and neither does it provide a way forward for day traders to make a lot of REAL money. What we need to examine is what is going on between our ears. Clearly, the trader has one state of mind for paper trading and another state of mind for live trading. The markets are EXACTLY the same. This is OUR issue, and to be successful as a day trader or a long term trader, it is WE who are going to have to figure this out. It doesn’t take too much logic to work out that if when we were paper trading, we were live trading we would make money. We could even create a hypothetical situation where an imaginary person is watching us paper trade and placing our paper trades live. What happens when you ‘discover’ your trades are live on YOUR account? You probably see how this would get ‘messy’ very quickly. There is a solution to this. We need to PAPER TRADE - LIVE! That’s it… BUT… How? These are the steps - I will expand on each one. 1. Identify the state of mind and body whilst paper trading 2. Anchor that state 3. Set up a punishment routine 4. Set up a reward state Four stages to successful day trading (any trading) In stage one, you must become acutely aware of your state of mind while paper trading. Take time to stop doing and instead focus on your inner conversations, your feelings, in fact, anything that you can identify internally while in this state. You need to examine this state and mentally record everything that is going on. Note that I said MENTALLY record. The reason for this is because you are going to have to call up and then recognise when you ARE in that state. OK… so we have not recorded the state, and we will know when were are in that state. Next, we need to ANCHOR that state to something external of ourselves. I will try to give an example: Many years ago I was living in Spain, and I was taking a walk with a trader whom I was working with. To explain the process of anchoring states, I picked up a pebble from the beach, placed it in his hand a got him to close his hand around it. I then asked him to close his eyes and listen to the ocean, the people around, the birds and the warmth of the sun. I then asked him to push all that sensory data into the pebble mentally. That happened some 15 years ago (as of 2019). Today he has this pebble on his beach and uses it to take a mini vacation when he wants to take a break. This is what our day trader needs to do. The process is the same. Call up the state that you identified earlier and pick up something (not a common item) that is special to you. As you are holding that item, so you mentally associate that paper trading state with it. You do this several times until you can leave the item and then when you return to the item you pick it up, and instantly you become aware of being IN THE STATE that the item represents. We now have a trigger mechanism. Next, we need a punishment routine. The reason for this is because we know that the mind will always move us towards pleasure and away from pain. Sorry… This is going to hurt. Take an elastic band that is big enough to slide over your wrist. It should hang a little loose. Now take hold of the band and stretch it away from the inside of your wrist. Now let is SNAP back. That should have hurt. It's not something you would like to have done continually. How to use this is as follows: When you want to enter the paper trading state, you pick up your trigger item. Now you are in that state, and now you should decide on your trading outcome that you want to achieve. The very moment you feel yourself going out of that paper trading state of mind, you reach down and stretch out that band and let it SNAP! Wait a few seconds for the pain to subside and then pick up the item that you have anchored the paper trading state to. You should by now understand what you are doing here….? Your mind and body will NOT want the SNAP. You will have trained your mind to understand that when you start to feel feelings that you do not wish to it is rewarded with PAIN. Your mind will very quickly work out what to do… IE does not provide the circumstances that cause pain to happen. Finally, the reward state is the acknowledge that this has worked and thank your mind for working with you on this. This WILL work… IF you action this. However, the subconscious mind pretty shrewd. I can almost guarantee it will get you to remove the band from your wrist UNCONSCIOUSLY. You will suddenly realise one day that the band has gone and you do not remember where it is. This may seem like a too simple approach to experience day trading success, but I can assure you this WILL work. You can train your brain in this way. Give it thirty days, and you will be able to paper trade live. Please leave feedback for comments. https://learningtotrade.com/ The subject of this article was also on today's podcast. https://podcasts.apple.com/us/podcast/traders-talk/id1459380428?ign-mpt=uo%3D4
  3. When becoming involved with any kind of trading you are opening yourself and your family to potentially high financial losses. To avoid this, we have to approach currency trading (actually any financial market trading) with a specific and clear understanding of the market and its true purpose. The forex industry abounds with so many outright lies and half-truths that we need to ensure that we are on guard against: How the marketers who promote currency trading systems over the Internet operate. How to read artful deception and unsubstantiated claims that sound so good. How weaknesses of mind make us easy targets for manipulation not only by the market-makers while trading but also by the people trying to sell you trading products The purpose of financial markets The market makers have created the market to make a profit. This is the purpose of the currency market – of all markets. The markets are not there to help you make money. However, for it to be profitable for the market makers, they have to get you to believe that you will be able to make money by being involved in it. This belief manipulation is an underlying fact that the smart trader exploits for his or her benefit. Sameness as a State of Mind Having been successfully trading for over 20 years, my mind has been by default and by purposeful action programmed to what could be referred to as ‘sameness’. This sameness of mind means that my mind remains the same whether the trades go my way or not. This state of mind, this way of thinking is crucial to successful trading. It allows you to remain dispassionately disconnected. Seduction For you to stay levelheaded in the market, it is beneficial to know weaknesses your mind can become subject to. The first weakness that the market makers can exploit is your tendency to respond to seduction. This weakness becomes active in us when we are presented with a beautiful bright future regarding making money. The market-makers salespeople are experts at presenting to you a picture of the market that is bright and rosy. Introducing to you a belief that you can achieve your financial dreams easily and safely. If this were true in every case the market makers would never make any money. The market makers intent is for you to lose money and they are very good at making sure you do this. They have created a moneymaking machine that is just like a pokey machine/slot machine/one arm bandit. You can win a lot so very easily, but mostly you will lose and eventually will be cleaned out if you keep playing. If you make a windfall gain, this will seduce you into thinking that trading is easy. The idea of big profits is then seducing you. Because of a few wins, you are no longer in possession of a levelheaded mind. Losing your mind You will now throw caution to the wind and become reckless. You have shifted from being a trader to be a gambler. You are now a risk to yourself and your family. Susceptibility to the seduction must be recognised and avoided at all costs. All trading methods can provide you with big wins. When they do, you can quickly become overexcited. When this happens, you will become reckless that is the nature of the beast. You must learn to recognise the tendency to respond to seduction and avoid it. When it comes to the business of selling forex trading systems over the Internet, we are talking about people who are highly skilled into seducing you into buying courses which if you believe in them you could lose a lot of money. Warning signs If they are as good as they say to make sure they are contactable. Secondly, if they have a trading method that is good they will not be afraid of trading live you can watch over their shoulder as it were. You want to find a method of trading that can be demonstrated not just by talking about in glowing terms. You need to know that you can make more pips per week and you can lose this is the bottom line. If they are on the level, they should be able to demonstrate their system and provide a training process which will make you into a competent trader before you take your money into the market. Even if they have a suitable method, you still need to have some kind of currency trading apprenticeship. This apprenticeship should ensure you are using the system correctly. You will find most systems or methods will not stand the test of a live market demonstration or provide the backup training that is needed. Before you use any of your capital make sure that you are on firm ground. Make sure you have a good teacher who you can talk to and who can train you in their methods and are not afraid to demonstrate their method in a live market. You don’t want just to believe their method will work you must KNOW that it works. Hurry You might miss out Snake oil salespeople know how to induce the feeling of future loss. Many of these tactics are well worn but they still work on you. Buy now or you might miss out. Page coming down soon 24 hours and your chance will have been missed And many more. This is selling by intimidation. If it is used on you walk away. The intimidation will not only cause you to buy training products which are not right for you they will often be an outright con but you have no time for full and correct investigation. Overly wonderful, new and magical currency trading solutions can also cause you to abandon a successful method of trading when you have a single loss. Another reason why it’s vital to get thoroughly trained in the trading method to the point where you have the sameness of mind whether you win or lose. This sameness of mind will only be possible if you have tested the trading method in real market conditions and over time gained skill in using it properly. You don’t want confidence in the trading method a good sales talk can sell you on that. What you need is confidence in yourself as a trader using the method in all market conditions. The trend is your friend sales tactic The vast majority of trading methods are shown in trending markets. The reason for this is because pretty much any system works in a trending market. The real world of trending markets The first problem with trading in trending markets is that you only know the market was trending AFTER the event. Many of the methods fail to explain this. The second problem is that the market only tends to trend on average two days out of five. This means that not only do you have to predict when a trend will develop you also have to make sure you don’t trade on non-trending days. Hopefully, just by those pure numbers, you start to realise how the odds of failure are stacked against you if you based your trading on such dubious methods. In summary Tendencies to being susceptible to seduction and intimidation are dangerous when approaching currency trading. Even if you are lucky enough to stumble on a genuine method of successful currency trading you must still be training in that method. You must get to a point where you can meet all market conditions and trading results with the sameness of mind. This sameness of mind allows you to continue with your proven trading method and not attach emotion to some inevitable losses along the way to success. Some sort of apprenticeship is not only necessary but vital to ensure you have confidence in your ability while trading the method you have learned. Where to from here? https://forum.learningtotrade.com (Please share this training)
  4. I am really sorry to leave a message here but I can't find any way to contact a representative. I tried opening a ticket but my login was denied. I just purchased the training course, I logged in. I am searching for the course. I clicked on "subscriptions". I clicked on the course tab and it gave me a description of what the course is but no way to access the content. I must have missed something but I don't know what else to do. Please let me know how this site works and how to access my purchase. Thank you.

    Richard Jones

    1. admin


      Hi Richard

      Not sure what is going on with the ticket system. I will have a look now. This is not good to contact me on here has its not a system that gets checked that much. (Sorry about the delay)

      Here is a link to a video explaining how to login.


      email me on 

      martincole@martincole.com with your login details on the support ticket area and I will check that for you as well.




  5. Hi Martin

    Does your course teach position and swing trading?  Thanks.



    1. admin



      It teaches you how to make money on a consistent basis. I do not tech technical analysis which is what 95% of traders use and are taught. Best you look into the % of traders that fail. You will find a connection.

      Have a wonderful weekend



  6. Hi Martin it seems like I can't reply to posts. Do I have limited access? Can you check it please?

    1. admin


      You have access to read but I can't cope with all the extra work of posting. I have to focus on PAT users. Hey you still get to see everything going on. 🙂

    2. snvcm


      It's ok for me. Just wanted to help others )

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