‘Trading the Forex markets is easy money’. That’s what I was let to believe when I first embarked on my journey to learn to trade. I had attended a few courses, read a few books, I opened my trading account ready to take the markets by storm and trade my way to financial freedom. Within six months my account had vanished, the trade history on my broker screen was a sea of red. This wasn’t how it was supposed to be! What had gone wrong? I was supposed to be steadily compounding my capital, growing my funds, building up the cash! Yet my actual experience of trading was more like slowly bleeding to death from a thousand cuts! I read some more books, tried a few more strategies, opened another trading account. This time it would be different, this time I would crack it. It took roughly the same amount to time to blow that account also. Nothing seamed to work, I would take one step forward and several backwards. The statistic that 92% of people loose money trading began to ring in my ears. Maybe this wasn’t such easy money after all. Maybe the dream of successfully trading the markets is a lie perpetrated by unscrupulous salespeople to get you top sign up to expensive courses.
I wasn’t ready to give up, I firmly believed there was a genuine opportunity in the Forex markets if only one knew how to successfully harness it. It was about this time that I became aware of the work of Rob Colville and the Lazy Trader. Finally things started to make sense.
In life you wouldn’t engage in an activity with out first adequate training and preparation. You wouldn’t get behind the wheel of a car, you wouldn’t attempt open heart surgery. Learning to trade is no different. Rob offers a clear and focused way of looking at the markets, to filter out the noise of random activity and to look for high probability set ups. His end of day approach fits perfectly with my lifestyle as I’m not yet in a position to give up the day job so I can fit my trading around work. It also means I am not forced to stare at a screen all day waiting to set ups to appear, end of day trading gives you the best return for time spend analysing the market.
The earn while you learn program offered at the Lazy Trader is superb. Trade set ups are emailed to me immediately as they appear, the logic and justification for entry are also included as is the target and stop loss. My account balance has already started to improve as the quality of the trades is excellent. I recently made 4% on a trade that took 10 minutes to enter and just a few days to hit target. At the start of each week a video outlines any potential set ups that may be forming, all this helps to improve my understanding of the market. I only need 1 successful trade per month to cover the cost of the subscription which is extremely good value considering the amount of information that is continuingly supplied through the website.
I really feel that I am finally on the right track with the Lazy trader, my knowledge and understanding of the markets is improving. Rob is a great teacher who really knows his stuff, I would highly recommend his services to anyone looking to become consistently profitable in the Forex markets.