Dear FX Top Gun,
No one wants to be a chump. I know I never did. Chumps don’t make a lot of money, they get tricked easily, they don’t have a lot of friends… and did I mention that they don’t make a lot of money? In the Forex market, there are a lot of chumps. They get duped into believing that they can open up a demo account, play around for a few days and suddenly they’re the expert (see Secret #8 for my view on that subject!) In goes the real money… out comes a flat broke chump. My message today is “Don’t be a chump.” 95% of the Forex traders today are losing money – they are getting slaughtered… nothin’ but shark bait. So, I’ve got one word for you (and it’s attached to a very simple strategy) that will help you be an FX Top Gun – not a chump… and help you beat those nasty sharks (the big banks and institutions) at their own game. The Word Is: Restraint Yeah, “restraint” is the single word that will separate you from the crowd – which is a good thing since the crowd is losing money hand-over-fist. It’s an ugly word in our society today. We’re all about fast food and microwaves. Who wants to sit on their hands and do nothing? Where’s the action? That’s why I’m in Forex … the action… the fast-paced, lightning-speed, feeding frenzy of the trade! Hey, I love all that stuff just as much as the next guy. But sometimes you’ve got to have a bit of restraint. You’ve got to get a grip on yourself, slow down and (I hate to say this) do absolutely nothing. Let’s talk about when you should – and should not – exercise restraint. Knowing the difference is what separates the winners and losers in the trading room… and I really want you to be one of those winners. Because being a chump stinks. No matter what is going on with price action during a day, if your pre-set parameters to enter a trade have not been met, sit on your hands and do nothing ( Secret #10, #3, #6… ah, heck… most of my secrets will tell you about “pre-set parameters” Read them… they’re good!) Sorry about the commercial… back to the message… Overtrading is a common problem, especially with amateur traders. The pressing need to do something is powerful -- either when price is moving wildly or even when price is doing nothing and boredom sets in. Resist it! Restrain yourself! Sometimes the best move you can make is to do nothing and wait for another day. Remember… it’s not a race to see how many trades you can execute… It’s about how much money you make. If you entered only 1 trade for a month and it made you 10% net, that would be a great return. The bottom line is this: Activity does not equal profitability. What does equal profitability is consistently grabbing 10-30 pips a day… and keeping them. And that is what I am all about. I’m all about reaching in, grabbing those pips, and keeping them safely locked away in my bank account. It’s a game I’ve been playing for over 11 years now (I still love it, by the way) and frankly, no one in the world does it as successfully as I do. I’m not bragging, that’s just the way it is. There’s Room On The Top… Come On Up But, I’d like to change that. Ok, maybe I’d like to stay on top, but, let me tell you, there’s TONS of room up here for some more folks. The fact is, 95% of my fellow Forex traders are getting killed… and only 5% of us are making bank. Do you realize that we could have 10 times that number profiting and not even make a dent in the market? Wouldn’t you like to be there? Well, as you know, that is exactly why I’ve put FX Nation Live together. Use the system and tools I’ve put together and you stand a pretty chance at jumping into the top 5%. Ignore it… well, then, you might just end up as one of the chumps.
Here’s To Your FX Trading Success,  DC Bonta, The world’s #1 FX money manager  ****************************************************************** Editor’s Note: DC Bonta is the number one FX manager in the world because of his ability to generate consistent annual returns of over 301%. You can access the same tool suite he uses by visiting www.fxnationlive.com and by getting his latest trading system, Institutional Forex System II. ******************************************************************
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