Deep practice rules that every new Forex trader should follow

This post is inspired by Danial Coyle in his famous book “talent code”. He visited every country around the world to find places he referred to as talent hotbeds. His findings were that talent isn’t born but it’s grown. Danial Coyle’s research got more popularity among the sport industry but it was intended for all high performance industries including trading.

Before jumping to the rules I’d like to discuss some of the major key trading differences from other mainstream businesses today, the reason is that in my personal experience it was very difficult to switch from believing that “trading is easy money” to believing that trading is “smart money”:

  • Time: Traders don’t get a fixed rate of return i.e singers get paid per gig & sales, soccer players get paid per month. The market is highly volatile for traders making it impossible to predict future results. A 20 point profit can be archived in less than 60 seconds, netting $200 in a 100k  volume respectively.
  • Activity: Trading isn’t like any other business, it is completely unstructured. No formal education  guarantees success, no obligations, no refunds and no insurance. At the same time it is highly competitive considering that in each and every point there’s transactions occurring between parties.

To create structure for this type of environment new traders need to follow the following rules:

Rule One – Chuck it up

Deep practice feels like a bit like exploring a dark and unfamiliar room. You start slowly, you bump into furniture, stop, think and start again. Slowly and a little bit painfully, you explore the space over and over again, attending to errors, expanding your reach in to the room a bit further each time, building a mental map until you move through it quickly and intuitively. The instinct to slow down is universal… In the talent hotbeds I visited, the chunking takes place in three dimensions. First, the participants look at the task as a whole as one big chunk, the mega-circuit. Second, they divide it into it’s simplest possible chunks. Third, they play with the time, slowing the action down, then speeding it up to learn it’s inner architecture.(Page 79-80)

Absorb the whole thing 

This means spending time staring at or listening to the desired skill-the song, the move, the swing-as a single coherent entity. People in the hotbeds stare and listen in this way quite a lot… “We’re prewired to imitate”, Anders Ericsson says ” When you put yourself in the same situation as an outstanding person and attack a task that they took on, it has a big effect on your skill.” (Page  80)

Break it into chunks

The goal is always the same: to break a skill into its component pieces (circuits), memorize those pieces individually, then link them together into progressively larger grouping (new, interconnected circuits).(Page 84)

 Slow it down

Why does slowing down work so well? The myelin model offers two reasons. First, going slow allows you to attend more closely to errors, creating a higher degree of precision with each firing – and when it comes to growing myelin, precision is everything… Second, going slow helps develop something even more important: a working perception of the skills internal blueprints-the shape and rhythm of the interlocking skill circuit.(Page 85)

Rule two: Repeat it

There is biologically speaking, no substitute for attentive repetition. Nothing you can do-talking, reading, imagining-is more effective in building skill than executing the action, firing the impulse down the nerve fibre, fixing errors, honing the circuit… what’s the simplest way to diminish the skills of a super star talent (short of inflicting an injury?)… The answer: Don’t let them practice for a month … It only requires that you stop a skilled person from systematically firing his or her circuit for a mere thirty days… Myelin is living tissue. Like everything else in the body, it’s in a constant cycle of breakdown and repair.

That’s why daily practice matters, particularly as we get older…. Repetition is invaluable and irreplaceable… deep practice… spending more time is effective-but only if you’re still in the sweet spot at the edge of your capabilities, attentively building and honing circuits. There seems to be a universal limit for how much deep practice human beings can do in a day… between three and five hours of the day, no matter what skill they pursue. People at most of the hotbeds I visited practiced less than three hours a day.(Page 87-89)

Rule Three: Learn to feel it

The point is to get a balance point where you can sense the errors when they come. To avoid the mistakes, first you have to feel them immediately…(page 90) Deep practice is not simply about struggling: it’s about seeking a particular struggle, which involves a cycle of distinct actions.

  1. Pick a target
  2. Reach for it
  3. Evaluate the gap between the target and the reach
  4. Return to step one (page 92)

This procedural mindset does in some way provide structure to effectively behave positively in an unstructured environment. For more information about the secrets of talent purchase you a copy of “talent code” on amazon or download below.



Multiple Time Frames On One Monitor

This is a solution for traders who do not have multiple monitors. It displays multiple timeframes using one monitor.

Below are the options available in each FFX indicator:

  • Select the time frames to be displayed (M1 to monthly)
  • Define the width (number of bars) for each time frame box
  • Alert pop up/sound/email/push
  • Activate/deactivate the alert directly on the chart
  • Modify all the colors
  • Including all the standard settings common in all indicators

Alert triggers

Moving averages: Price crosses MA and/or two MAs cross

MACD: Histogram crosses signal line and/or histogram crosses line 0 line

Stochastic: Stochastic crosses signal and/or crosses in/out OBOS zones

Relative Strength Index: RSI crosses in/out OBOS zones

CCI: CCI crosses defined level and/or stochastic crosses zero line

Average True Range: ATR reverses

ADX: ADX, +D1/-D1 crosses defined level and/or +D1 crosses -D1

WPR: WPR crosses in/out OBOS zones

Momentum: Momentum reverses

Parabolic SAR: Parabolic SAR reverses

Fractals: Fractals reverse

Envelope: Price crosses upper/lower bands

Bollinger Bands: Price crosses middle band and/or upper/lower bands

Standard Deviation: Standard deviation reverses

Ichimoku Kinko Hyo: Price crosses cloud and/or tankan crosses kijun

OSMA: Histogram crosses 0 line

Awesome Oscillator: AO reverses (color change) and/or 0 line cross

Accelerator Oscillator: AO reverses (color change) and/or 0 line cross

Free Download

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Hercules Indicator For Trading Signals

This is an indicator for buying and selling alerts. It was produced by a specialist Hercules de Vies, it is an all-in-one indicator. You can use it to trade all currency pairs including gold. It works best when used on a 5 minute timeframe. At any time of the day it generates legitimate trades.

Rules are quite simply


Wait until a trend changes

Open a trade on the first up arrow


wait until a trend changes

open a trade on the first down arrow

Set your stop loss from 15 to 20 pips depending on a pairs volatility. If you get stopped out, enter on the next opportunity only if the new entry arrow is higher/lower than your previous stop.

Set your profit target two times your stop loss which makes a 1:2 risk reward ratio, good ratio indeed.

Free Download

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Aken Candle indicator

Hercules indicator is the future of binary trade prediction. It works well with the major currency pairs and five minutes timeframe.

This is a perfect strategy for beginners of binary options. It is the only reversal candlestick indicator which works on the five minute timeframe.

It works best and designed for metatrader 4 users. With a whipping 81% success rate traders can throw their stress away, it works across all major currency pairs.

Aken candle indicator is your free candlestic counter size indicator. It measures distance between open and close of every candle you see on your graphs. It is mostly used for comparing the amount of pips of the candles to akenpip figure deployed in real time.

Free Download

Trend line trading strategy

Have you ever wondered why all trading strategies never forget to consider the significance of trend lines? It is because the system works.

Now the question is, how do you use them as your basis for every day trading?

First of all you have to identify the highs and lows of price action. A high is a price bar/candle that is preceded by two bars/candles with lower highs and followed by two bars/candles with lower highs. A low is a price bar/candle that is preceded by two bars/candles with higher lows and followed by two bars/candles with higher lows.


When these highs and lows are identified the next step is to connect these price peaks with a line.


The battlefield is  now complete now it is the time to play smart. Most players look for setups. Below is a fully annotated chart showing how to place orders using trend lines, also how stops are place in the context.


For more in-depth insight on how to use trend lines  as your basis for trading download a free ebook titled “Trendline breakout forex trading strategy” below. The most important benefit of using clean charts is the reduction of stress and confusion, that’s because clouding your charts with indicators doesn’t make the market certain. The only way to make your trading certain is to discipline your risk management/money management, use one volume for a period of time for accurate results.


Did you gain anything? please comment below and share with your fb friends, cheers!

Two important considerations before investing in the financial markets

1.       Why do you want to trade?

There are two very popular reasons people choose to trade

·         Money: there is no doubt about it, few professions can take someone from ridiculously low capital to extremely high levels of capital in a very short amount of time with very few barriers to entry.

People like Nicolas Darvas turned $30 000 into more than $2 million in less than two years, this is a significant reminder to us  all just how quickly extreme wealth can be created by a trader when all the pieces of the puzzle fall together just right.

You don’t have to start with a ton of cash or earn some degree of cash to trading your way up. You can run your trading career rather quickly and cheaply.

When one considers different ways to turn a small amount of money into an extremely large amount, trading is often considered the quickest and easiest way to get rich.

·         Freedom : The next appeal of becoming a professional trader is a promise of infinite freedom and self-reliance

When trading there is no boss to answer to, you can virtually trade from wherever you want. There are no employees or colleagues to worry about, you can trade from your kitchen in the evening and cook at the same time and nobody would tell you it’s not done that way. This kind of appeal is fueled by the idea of complete self-reliance.

As a professional trader only you is responsible for your success. You don’t have to convince your folks or partner that your idea is a good one. You don’t have to worry about an individual on the other end of the business deal living up to his end. When in the zone only your results matter, no other person can stand between you and your potential for success.

2.       Do you have the right resources?

Just like any profession, to begin this venture you need resources that allow you to be accountable.

·         Strategy: This does not only include reading price action and taking trades correctly, but rather a strategic way of governing yourself as a business individual. A method of preparing for your trading session, a method of handling your thought process during the trading session, a method of recording everything that happens during the session and reviewing records for gradual improvement.

·         Motivation: As mentioned above that most people are motivated by money and freedom, most professionals argue that these are not good motivation long term. There are many ways to be rich besides trading, they provide the same money and freedom.

Stay with me and share some great trading information, do you like this post? Please share with your facebook friends.

The Gartley Trading Method

Does the harmonic patterns initially produced by Scot Carney inspire you? They inspire a lot of traders around the market community. Take a look at how Ross Beck trades the Gartley pattern.

On top of all trading strategies and systems, book writers never forget to mention the psychological aspect of trading. The very first chapter in this book separates trading myths from reality, perhaps the most important chapter out of the whole book.


This definitive guide skillfully explains how to utilize the proven methods of H.M Gartley to capture consistent profits in the financial markets. With-in every page you’ll become familiar with Gartley’s original work, how his patterns can be adapted to today’s fast moving markets and what it takes to make them work for you.

When you are done reading this book expect to be able to identify and profit from the most powerful formation in the financial markets. You will also be able to apply filters to Gartley patterns effectively increasing probability of success.

Did you find this info useful? please share it with your friends or leave us a comment to let us know your thought.



If you are new to the net you’re probably wondering, what is an affiliate? how do people make money from it? even better, what do you need to make it work? For the sake of this review I will not be giving text book definitions but tell you exactly how I do it.

First of all I had to figure out how to market. My mind map included a social media page, online forums, blogs and websites. I couldn’t use all of these traffic channels at once due to personal limitations, like the rich man said ” take the stairs”. I opened a social media page and started publishing content with my links embedded in posts.


My job is to bring clients to the company, when clients are happy with the service to the point of depositing funds, I get paid commission as promised. CM Trading affiliates get paid $300 per client on their first deposit. New affiliates also get a dashboard that looks like the one above, my ultimate goal is to increase the o’s on the right. Excuse the 0’s on the right, it was the first day of a new month, stats get restored to 0’s every month. With the aid of my mind map I expand traffic channels so that the numbers can add up.

I know right now you’re probably thinking do you really get paid or it’s just one of the fungazi schemes out there. During the first week of every month, the IB department gets busy processing the stats, on the second week of every month they send all the invoices to the financial department, on the third week your paypal tells you got money.

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Join my elite team today, if you are not sure where to start just send me an email or comment below, I will help you by all means.

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Extreme Fx Profit

This indicator shocks the whole forex community with a whipping 90% winning accuracy. It is a fully automated buy/sell arrow indicator system. See the benefits of installing it in your terminal:

  • Whenever there is a profitable trade detected, it will automatically pop-up an order window for you to enter the trade.
  • It is easy to setup automated buy/sell arrow indicator on your chart.
  • It has over 90% winning accuracy.
  • There is no trading experience required.
  • It works on all MT4 platforms.
  • It works with all major currency pairs.
  • Works on all timeframes.
  • It is flexibly enough to allow a choice for you to enter a trade or to not enter.
  • This system is engineered by an elite team using two decades of experience.


Test it for yourself and remember to tell us how it went for you.


Forex Trading Secrets

It is obvious that traders are not the same, there are traders who make $1000,00’s each and every day while others lose $1000,00’s each day. The popular statistic states that over 90% of the trading community lose money implying that less than 10% make money. Is that even true? in 2015 FXCM released a report of their profitable clients based on the equity range below:

Equity Range                        % Profitable

$0-$999                                  27.89%

$1000-$4,999                        40.52%

$5000-$9,999                         42.36%

$10,000                                   47.74%

Notice here that traders with capital less than $1000 are generally losing money, losing traders make up 72.11% for the whole community in this equity range. Traders who have huge accounts are more likely to make money, but in all of these equity range’s the majority is losing. Why do clever marketers give us an impression  that we will get rich quick? what are we missing? Do these  few profitable traders hide information from us?

The DAILYFX research team has studied why most traders lose money on a 40 million real trades sample. They found out that traders closed at a profit more than 50% of the time and still lost money. If these traders were right 50% of the time, why did they lose money?

what-is-the-number-one-mistake-forex-traders-make_body_Picture_4.png To uncover the correct answer take a look at “Forex trading secrets” written by James Dicks. He has a full scope on how the market works starting from the basics, money management, trading psychology, fundamental analysis, technical analysis up to building your own portfolio.

The statistic provided by FXCM proves that there are thousands of profitable traders out there, at the same time providing confidence of assurance that indeed it is possible to make money trading.

Have you got any question on the subject? Do you need a book that we haven’t yet shared? Do you need a broker? Please leave us a comment and let us help.