In our previous article we had used USDJPY as an example. This round we will use another currency pair, EURJPY. EURJPY is one of our favourite currency. Why? Reason is simple, because EURJPY has made a lot of money for us.

Here are some of our previous trades from EURJPY (trade details in the links):
68 pips profit, 149 pips profit, 133 pips profit, 72 pips profit, 14 pips profit, 95 pips profit, 61 pips profit, 39 pips profit, 18 pips profit, 41 pips profit, 60 pips profit, 66 pips profit, 97 pips profit, 40 pips profit, 37 pips profit, 69 pips profit, 67 pips profit, 94 pips profit etc.

One common question that is often asked by our students (subscribers) in Tactical Trading Academy:
“there are so many currency pairs in the market, how do you choose which currency pairs to trade?”

We have 2 answers for them:
a) Avoid currency pairs that have wide bid / offer spreads. Some of the exotic currency pairs have very wide spreads: 100 pips (USDZAR), 10 pips (GBPAUD), 13 pips (AUDNZD), 7 pips (AUDCHF), 30 pips (USDDKK).

30 pips for USDDKK means that the price quote is 5.3427 / 5.3457. This means that your buying price is 5.3457 and your selling price is 5.3427.

In layman term this means that you will lose 30 pips immediately whenever you enter a new position to buy or sell. 30 pips means US$30 if you are trading 1 mini lot.

Major currency pairs like AUDUSD, EURUSD, EURJPY, USDJPY, USDCHF, USDCAD are only trading at around 3 – 4 pips spreads. That is very reasonable and acceptable. These are the currency pairs that I will be interested to trade.

This is why forex brokers always recommend their customers to trade exotic currency pairs. Because the higher the spreads, the higher are their commissions.

2. Trade only currency pairs that exhibit repeated patterns.
To many people forex trading is gambling or speculation. But to us forex trading is a science discovery or a philosophy approach. Why?

a) It is a science because quantitative models have to be built and programs have to be written. All these take a lot of time. We need to improve our model again and again because market condition changes all the time.

b) It is a philosophy approach. Both forex and human have repeated past patterns and behaviour. For example if a person smokes everytime after lunch for the past 6 months, there is a high possibility that he will smoke again after lunch for the next 1 week.

From the prospective of a currency pair, if this currency shows a consistent pattern and behaviour for the last 6 month, we can assume that it will exhibit the same patterns for the next 1 week or 1 month. This is NOT a guarantee, but it is a high possibility!

Ok, going back to EURJPY.

The graph below will show you the equity value if you have used the various indicators to trade for the past 6 months.

The result shows that graph 1 and graph 3 perform best using their respective indicators. So what are the indicators use in graph 1 and graph 3? We can only reveal this information to our subscribers.

If you are interested to learn forex from our service, do send us an email to metal.commodity@tradingeducationprogram.org.

Upon subscription, you will receive the followings:
1. Weekly updates on the proven indicators
2. One-to-one coaching on trading
3. Live emails reminders when trading opportunities occur
4. Ebook on our BL TS system
5. Live update on market activities

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But have you been making money using those indicators? Sometimes I guess. Have you wondered why sometimes it works and why sometimes it does not work?

I had heard of extreme comments from other traders, ie “indicators do not work”, “don’t waste your time using indicators”, etc. Possibly those traders have been losing a lot of money using indicators in their trading and possibly they have learned to trade forex the wrong way.

In the past 1-2 years I have heard of trading courses started to teach trading without using any indicators. So this means even the trading educators who have been trading for years do not believe in indicators.

Since indicators have been an important tool in trading, in Tactical Trading Academy, we have done extensive research into this area. Our conclusion is that different products (currency pairs) have different behaviours. So you must use specific indicators for specific products. From this research we have discovered BL TS System. All of our student learn to trade forex using BL TS System.

In our website under “Our Trading Secret“, we mentioned that we have evidences to show that using fixed indicator will not be profitable strategy in the medium term. You have to choose the correct indicator for the correct currency pair.

Let us use USDJPY as an example. The graph below will show you what is your equity value if you have been using those indicators to trade USDJPY for the past 6 months.

The graphs show that if you have been using MACD and Parabolic to trade, you will do well. We perform our quantitative test and send out the results to our subscribers on a weekly basis. So our subscribers will know specifically which indicators to use for which currency pairs.

We believe this research discovery is a breakthrough in the trading industry and few traders are aware of this.

If you are interested to Learn Forex from us, send an email to us at metal.commodity@tradingeducationprogram.org.

Upon subscription, you will receive the followings:
1. Weekly updates on the proven indicators
2. One-to-one coaching on trading
3. Live emails reminders when trading opportunities occur
4. Ebook on our trading strategy

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1. 46 page ebook on forex trading

So a course can be a double-edged sword. It can be your friend or it could also become your worst enemy at the Forex. Because of this, it would be very critical to choose the right Forex course for you.

Choosing the right Forex trading course may sound easy but it is not. With hundreds of Forex courses being sold on the Internet, it would be very difficult to identify which one would help you succeed.

So here are some important things you have to consider when choosing the right education. These pointers should help you to identify which course is good and which ones are worthless.

Do Not Buy the Basics

The first thing you have to remember is not to buy a course that will teach only the basics of Forex. You can easily get such information for free. Even your broker can provide free basic trading courses and tutorials.

You will only waste your money on courses that teach you how to trade, how to read charts, and other information that you can get for free. Most probably, these courses are just written by authors who compiled different Forex information and sold them as a Forex course.

In Tactical Trading Academy, we do not waste time teaching the basics which can be found easily on the internet and books. We are focus on making trading profits in our education program.

Focus on Strategies and Advanced Techniques

What you should be looking for is a Forex trading course that will teach you the step by step process of building a proven trading system. However, you need to ensure that the strategy being discussed by the course has been proven in actual market conditions.

We taught BL TS system at Tactical Trading Academy. This system has been fully back-tested and it has been proven to be profitable in actual market conditions. We post our trade ideas in our website on a daily basis. Purpose is to let our prospects and readers know that BL TS system is still very relevant and profitable in current market condition.

Choose a Course that Offers Hands-On Services

Majority of courses are packaged into ebook modules which you can read and study. Although these types of courses may provide valuable input to sharpen your Forex knowledge, it would be best if the course provider can include hands-on training.

In Tactical Trading Academy, besides providing a ebook on the details of our system, we also provide unique hands-on training which most other trading courses do not provide. We will send trade emails for 2 months to our students so they will learn when and why to enter a trade in a Live Trading environment. Our trainer spends 15 hours watching the forex market so he can identify trading opportunities and show them to his students.

Ensure that the testimonials are real

Testimonials can be faked and posted on the website.

In Tactical Trading Academy, we take efforts in letting our prospects and readers know that our testimonials are real. We will print screen testimonials emails sent from our students and post them in our website.

Cost of the trading program is part of your trading cost

Many of the trading seminars cost more than $3000. Students who attended the course need to achieve a profit of $3000 before they can reach breakeven point.

In Tactical Trading Academy, the cost of our program is very affordable and economical. Most of our students can easily achieve profit that can cover the cost of our trading education program. One of our students had covered the cost of the program after his first two winning trades.

The above reasons explain why we are the best choice in online trading education program. To sign for the Trading Education Program, send an email to metal.commodity@tradingeducationprogram.org.

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