To be successful in the trading game (10 Rule)

To be successful in the trading game, there are some rules to follow. By violating the rules, you will definitely on the losing side of the game. Regardless of all the trading books and newsletters that have cropped up, all of the market gurus are sharing and following the same trading rules. You can't live without them if you want to succeed in your trading. Here are the rules to successful trading, in random order, and they apply in all trading situations:

1.PLAN YOUR TRADE AND TRADE YOUR PLAN
2.THE TREND IS YOUR FRIEND
3.FOCUS ON CAPITAL PRESERVATION
4.KNOW WHEN TO CUT LOSS
5.TAKE PROFIT WHEN THE TRADE IS GOOD
6.BE EMOTIONLESS
7.DO NOT TRADE BASED ON A TIP FROM A FRIEND OR BROKER
9.WHEN IN DOUBT, STAY OUT
10.DO NOT OVERTRADE

Happiness Trading...

The MSG Cyborg Robot

Many have found that using a good Autotrading Robot (Expert Advisor or EA) can help alleviate a lot of the emotion and stress associated with manually trading the volatile Forex market. Less stress and emotion can often result in more profits. The M5G Cyborg Robot trades using 5M charts only and requires no additional indicators for operation. And because it is a range trader and not a scalper, there is less danger of it being flagged by a reputable broker. The Cyborg EA trades less than 2 1/2 hours a day, and only 4 days a week!

Some notable Forex trading experts believe that the scene of the currency market is changing. Traders need to avoid longer term trades, even holding positions overnight can be dangerous. Entries using lower time frames should be used. These can provide the opportunity for high probability trades. In the current trading environment, trading in tight ranging markets that offer 10-30 pip ranges are increasing in frequency. The Cyborg EA was designed just for today’s extreme market conditions. In fact, since the Cyborg EA was originally intended to assist in manual trading, you may find it even more profitable to close any open trades at a small profit, break-even, or even at a small loss before the London trading session begins. Closing open orders manually is not problematic since any pending limit orders will be deleted automatically.

The Cyborg EA has a built in money management feature that allows you to automatically compound your trading profits on the fly, because the real power behind creating wealth is in safely compounding your gains. Some EA’s push the envelope to attain huge profits before eventually imploding. Other EA’s raise the risk settings to unrealistic levels in order to obtain spectacular results on their advertised statements. They may raise the risk to more than 20% per trade! Or they may use curve fitted back tests. When evaluating any EA’s performance be sure to check the risk and lot size settings used in order to achieve those results.

Our objective was to build an EA that with proper risk management could attain 15-25% a month consistently, and so far we are very excited about the steady gains that this EA has made. This website is designed to show the results we are having trading with the Cyborg EA. Below is a link to view live test results, related set files and notes for the Cyborg EA. This allows you to see for yourself what settings may be best suited for your own personal trading style and risk exposure. We will continue to test new settings if the ones currently tested on our website prove unprofitable after a reasonable amount of time.

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Black Dog Traders

Just to let you know I introduced Lynn to your system. I am so pleased with your system it earned me 196 pips over a five day period:) I could have made more but had to get at least a couple of hours of sleep before going to work. I live on the west coast of Canada and trading London times means trading from 11PM until 4AM or later. So even having those hours I did better than ever for trading and I just had to share it with others!! I even had a friend, Charles, in Oregon buy it from you. I do not mind promoting your system at all in fact I enjoy doing so and I do it with utmost confidence. Dave you have developed one heck of a program thank you!!

Many Thanks,
Tom Nordlund

The Black Dog is Slaying The Markets Using The Hottest System Around Today!! We Have Three Excellent Systems Within The Program

  1. Trade Using The Killer Black Dog
  2. The Superb Mini-Trend Finder
  3. The MTF 2

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THE AVERAGE NUMBER OF TRADES PER MONTH IS BETWEEN 60 - 70 WITH A HIT RATE OF AROUND 75%. HOW DOES YOUR SYSTEM COMPARE?

That is an average of around four trades per day on the 15 minute timeframe, which is the one we use, our target price is set at 20 pips. The idea is to get rich slowly — not the opposite. 4 X 20 pips per day = ….. well, you get the message. Considering the flattish markets in June, well, that’s not bad at all. The table below shows the trades taken during the past five months on both the Black Dog, and the Mini-trend Finder systems.

Now, I mention 20 pips as the target price. This is true for most pairs, but the fast movers like the popular yens and the GBPCHF require a more realistic target price of 30-50 pips. This is down to you as a trader. What about stop size? Well, it should be obvious to you that one size does not fit all so we discuss this at length on the website.

Black Dog traders are making the perfect start!!

I’ve purchased various trading signals from many providers with not much luck. I’ve studied different trading methods with all types of indicators and I’ve used different ea with little positive results. Its nice to have finially got a system that is simple and easy to use. No system is without error but yours is the best I’ve ever used so far. My background is in the Fire Service and I’ve worked as a Fire Captain for 21 years. I much enjoy your system, it’s a work of genius. Keep up the good work. Best Regards,

Jeff
North Carolina

If you can empty your head of what the 95% of losing traders do, then you may have a chance. If everybody is doing it and losing …….??? The Black Dog program is a new method of trading the currency markets and it’s proving very popular with day traders. Why is this? Simply because of the win rate, because of the low drawdowns, and because of its versatility and ease of use. Any timeframe, any currency, any chart; forex, stocks, e-minis, gold…

If there’s a chart around, put the Black Dogs on and watch for the profits.

The beauty of the Black Dog is, that no matter what timeframe you trade, you do not have to stare at the screen all day. An audio alarm calls you to the screen when a certain situation develops. Then you decide if it’s a trade or not. Simple as that. This system is being traded live … RIGHT NOW … not on a demo account but with real hard cash. If you are serious about improving your trading then look no further. The Black Dog is the one to boost your account. Current Black Dog traders seem to be making the perfect start, could you? Here’s a few letters from the website. Read more by clicking on the link at the bottom of the page.

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Hi Dave … I purchased your Black Dog a couple of days ago and tried it live this morning for the first time. It is simple to set up and to understand the trading rules. After setting up Black Dog I also set up your Mini Trend Finder and decided to use it. I was trading 0.50 lots and in a couple of hours was up $360.00. My brokers trading platform went down for a few hours so I closed out the trade I was in to be safe. If I could have stayed in longer my profits would have been more. This is the first program I have used that worked as promised right out of the box. I am looking forward to continued success with your program. Bottom line, I paid for the program in less than two hours of trading plus the additional profit. Thanks for a great program.

Phil
Mississippi

Hi, I just purchased your Black Dog system and I must admit that so far I’m quite impressed by the elegant simplicity of the system and the honesty of the presentation. Thanks for the indicators and template - works like a charm. I’ve mostly been messing about and getting to know the method up to now. Already I can see potential for a safe and reliable entry technique. I caught 20 pips on the GBP/CHF this morning - even though the price action was extremely choppy. Still only trading with mini lots, but if the pips keep coming so will the cash!

Marius
Norway

Hi Dave,
I must tell you how happy I am with both the BD System and the Mini Trend Finder System. I now favour the Mini Trend Finder System and trade it off the 1 hour chart with very good success. You have saved me hours and hours of trial and error with various settings on countless indicators and if you put that into terms of money saved, well I don’t think I could even begin to quantify it. To you sir, a very sincere thank you from the bottom of my heart.

Roly
Australia

I’ll finish off by suggesting that you should initially trade the Black Dog not on a demo account but using microlots to build up confidence. For me, a demo account has no oomph! No matter how you start, I will guarantee that you will be itching to trade a ‘real live’ account before very long. You will realise how powerful this set-up is in no time at all.

!!! PREPARE YOURSELF. YOU WILL BE AMAZED !!!

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“We look forward to seeing you on the Black Dog website”
For all your questions you may e-mail, or write (!) to:

Dave Atkinson, Black Dog Forex Trading
Westbourne Park, Scarborough
N Yorks, YO12 4AS
Phone: on website, Skype: on website
blackdogsystem@btinternet.com

Black Dog Traders

Black Dog Traders

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Satellite TV On Your PC Or Traditional Satellite TV Service - What To Choose?

Satellite TV On Your PC Or Traditional Satellite TV Service - What To Choose?

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What makes the FOREX market different from the stock market?

FOREX trading is all about trading foreign currency, stocks, and similar type of products. The currency of one country is weighed against the currency of another country to determine value. The value of that foreign currency is taken into consideration when trading stocks on the FOREX markets. Most countries have control over the value of that countries value, involving the currency, or money. Those who are often involved in the FOREX markets include banks, large businesses, governments, and financial institutions.

A forex market trade is one that involves at least two countries, and it can take place worldwide. The two countries are one, with the investor, and two, the country the money is being invested in. Most all transactions taking place in the FOREX market are going to take place through a broker, such as a bank.

What really makes up the FOREX markets?
The foreign exchange market is made up of a variety of transactions and counties. Those involved in the FOREX market are trading in large volumes, large amounts of money. Those who are involved in the FOREX market are generally involved in cash businesses, or in the trade of very liquid assets that you can sell and buy fast. The market is large, very large. You could consider the FOREX market to be much larger than the stock market in any one country overall. Those involved in the FOREX market are trading daily twenty-four hours a day and sometimes trading is completed on the weekend, but not all weekends.

You might be surprised at the number of people that are involved in FOREX trading. In the years 2004, almost two trillion dollars was an average daily trading volume. This is a huge number for the number of daily transactions to take place. Think about how much a trillion dollars really is and then times that by two, and this is the money that is changing hands every day!

The FOREX market is not something new, but has been used for over thirty years. With the introduction of computers, and then the internet, the trading on the FOREX market continues to grow as more and more people and businesses alike become aware of the availablily of this trading market. FOREX only accounts for about ten percent of the total trading from country to country, but as the popularity in this market continues to grow so could that number.

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