Dynamic Fibonacci Grid Forex Trading System

Your Success is Our Purpose..

This is a letter I received from one of our recent graduates of the Intensive Training Week.  This is why I love what I do. Having a part in a persons growth and progress is the most rewarding aspect..

Dear Sam,

This past week in the “Intensive Class” was exactly that: Intense. There was so much information to process, and put into practice, that the old analogy of trying to ‘take a sip from a fire hose’ came to mind.  Quite an intimidating prospect…at first glance.  Thank you for helping to ‘break it down’ by bringing the charts and grids into clearer focus and understanding.


Watching your leadership, and teaching skills in action these past few days also helped me understand why Andy would handpick you to fly out to California and run the Malibu Trade Room.  It takes a person of vision to see the potential in people.  Kudos to Andy Shearman for being wise enough to discern those qualities in you.  Hopefully, you saw some of that same potential in those of us who sat before you this past week diligently taking notes and deciphering what was presented.


Another idea that came to mind as I was listening to you speak on a variety of subjects was the expression that:


People do NOT care how much you KNOW…until they KNOW how much you CARE.


It became apparent to me, as I had previously suspected, that you DO have a compassionate heart that CARES about the well-being and success of your students.  Attacking the Forex market to scalp inraday trading Pips, on a consistent basis, is not a tsk for the faint hearted or ignorant.  Some serious hand-holding may be required. And, I could tell that you DO have the temperament and patience to do just that: Freely giving yourself and your expertise.


Please help me follow a disciplined program of learning, steady growth and forward progress.  For my part, let me demonstrate that you can depend on me, and count on my help in return.  The older I have become, the more I have come to appreciate that success never happens alone.  We all need a shoulder to lean on from time to time. Thank you again for everything Sam.


Sincerely,

Donovan R.

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“I’ve been trading forex using advanced technicals for years, and never could have imagined this…”

Hey Sam,

I didn’t know a grid system based on dynamic fibonacci computations such as this existed until now. This is ingenious! I’ve been trading the Fx market using advanced technicals and never have imagined that a grid system alone can give you easy to read entries and exits signals. What’s facinating to me is that now I’m using the technicals only as a confirmation and able to incease my winning probabilities.

I know I’m fairly new at this fibonacci grid system but I can honestly say that I’ve already mastered the Vanilla and Reverse Vanilla system in one week with your hands on training. I owe that to you. Thank you so much for introducing this to me. I believe you’ve changed my life!!!
See you in December.

-George K.

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20 pips per day is all you need…

One of the most valuable things that an online forex trading course can show you is how valuable 20 pips a day is..

1 standard lot at 20 pips/day = $200/day = $50k/year
2 standard lots 20 pips/day = $400/day =$100k/year
3 standard lots 20 pips/day = $600/day = $150k/year
5 standard lots 20 pips/day = $1000/day =$250k/year
10 standard lots 20 pips/day = $2000/day = $500k/year

If you were obeying 2% risk management, then you can multiply your account about 5 times a year.. at 4% risk management, you can multiply your account roughly 10 times /year. To demonstrate..

If you have a $10k trading account and you are trading at a 2% risk, then you can risk $200 per trade (2% of 10k = 200). that means you can trade 1 lot with a 20 pip stop and 20 pip target (1:1 risk reward, least acceptable).
If you can make 20 pips/day on avg with that 1 lot you will make 200/day=1000/wk=50k/year..

So, you just made a $50k/year income with just a $10k account!! only risking 2%. Most traders dont appreciate the leverage we get, and risk way too much, only blowing their accounts before they know what went wrong!

At a less conservative 4% risk management level, you could risk $400 per $10k. Using the same 20 pip model, we would trade 2 lots with 20 pip stop and target. 20 pips/day would now equal $400/day=$2000/week=$100k/year. So, a $100k income was achieved with a $10k account, using the same 20 pips/day strategy.

What’s important is that we never need to try for more pips/day, thats too difficult and novice forex traders have a hard time realizing this. It is more beneficial to be consistent at a small number of daily pips and then gradually increase your lot size as your account grows.

btw, this is NOT compounding, this is taking your profits out every week. If you were to leave the money in your account and increase your lot size according to your account balance you would see astronomical gains.

Here is a link to the Video Series:

The Power of 20 Pips a Day

…good trades,

Sam

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Malibu Traderoom – I Love LA

Learn forex trading in our State of the Art Malibu Traderoom, with a great Soundtrack!

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FX MoneyMap Dynamic Fibonacci Grid – Intro Tutorial 1

First tutorial in series –  Dynamic Fibonacci Grid forex trading software.  Learn the basics of fibonacci grids from Fibonacci Grid Global Trainer Sam Shakespeare. Learn forex trading online by signing up for 14 day trial.

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FX MoneyMap Dynamic Fibonacci Grid – Intro Tutorial 2

Second tutorial in series – FX MoneyMap Dynamic Fibonacci Grid forex trading software. Learn the basics of fibonacci grid trading from FX MoneyMap Global Trainer Sam Shakespeare. Dynamic Fibonacci Retracement Line (L1) is covered. Learn to forecast the forex market effortlessly. Learn forex trading online by signing up for free live trading session.

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FX MoneyMap Dynamic Fibonacci Grid – Intro Tutorial 3

Third tutorial in series –  FX MoneyMap Dynamic Fibonacci Grid forex trading software.  Learn the basics of fibonacci grids from FX MoneyMap Global Trainer Sam Shakespeare. Learn forex trading online by signing up for free live trading session.

This forex tutorial covers Dynamic Fibonacci Retracement Line (L7)

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FX MoneyMap Fibonacci Grid Tutorial – Vanilla Setup – Live Example

FX MoneyMap Global Trainer Sam Shakespeare explains in a live market the Vanilla Trade, and gets a bonus “Blue to White” trade at the end of the session!! Both trades combine for a total 54 pips! (he gets his math wrong on the audio…oops!) Make sure to watch the first three tutorials before watching this one.

For best results, Watch this in full screen mode on HD 720p setting!! (You might want to let it load for a few minutes on “pause”, unless you have a screaming internet connection..

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FX MoneyMap Fibonacci Grid Tutorial – Reverse Vanilla Setup – Live Example

FX MoneyMap Global Trainer Sam Shakespeare explains in a live market the Reverse Vanilla Trade, and nets 20 pips! This is a common setup provided by the FX Money Map forex trading software. Make sure to watch the first three tutorials before watching this one.  (For best results, watch in highest resolution your computer and internet connection will allow).

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Currency Trading: Money Management For Profit

Currency Trading: Money Management For Profit

In this currency trading tutorial we will look at how to manage your money in order to have the best chance of making profits, rather than losses. We all know that forex or currency trading is risky, but there are many things that we can do to reduce the risks.

Most new traders spend too much time looking for the perfect system and not enough on other aspects of their trading. Having a system that ‘works’ is not a guarantee of a smooth ride to millionaire status, just as having a car that works is not a guarantee of a smooth ride to the next town. You also have to know how to drive it and which road to take. Two different people will not drive that car in the exact same way and they may not have the same results.

In fact we can take the analogy a step further and it will illustrate the point even better. An experienced driver takes that car and drives it carefully and safely to the next town. No problem. Then we have two beginners. Let’s forget about the driver’s licence for a moment.

One beginner takes a course in driving before he ever gets inside the car. He probably makes it to the next town too, maybe after a few wrong turns, maybe with a couple scratches on the paintwork, maybe a little late, but he arrives in the end. But the other beginner jumps straight in the car with no tuition, heads for the first road that he sees and ends up either in the wrong town or more likely, in the ditch.

And remember, that was the same car. In the same way we can take the same forex system, give it to three different traders, and see three completely different results.

So what do we need from a currency trading tutorial and other forex courses? Just like with the drivers, knowing how to operate the system is only a small part of our training. Risk management is what is most likely to prevent us from finishing up in the ditch.

Let’s take an example. Say you have a system that makes an average of 50 pips profit on winning trades and 30 pips loss on losing trades, including the spread. Around 50% of its trades are winners. It’s clear that this is a good system. It should make profits in the long term.

However, if you start out thinking you have a 50% chance of success so you can risk 50% of your funds on each trade, you would be making a big mistake. 50% winners does not mean that every loss will be followed by a win and vice versa. There could be 2, 3, 4, maybe occasionally even 10 losses in a row. Or you could have 5 losses followed by a win followed by another 5 losses.

Later, of course, it would even up and you would have a run where there were more wins; but if you were placing 50% or even 20% of your account balance on each trade, you would be wiped out long before the wins started coming in.

A better risk in this situation would be 5% or even 2%. At 10% the trader would probably still be wiped out sooner or later. You can check this out against back tests, but always double the worst situation that you see because it is almost certainly not the worst that could happen.

Money management is something that has to be learned by any beginner trader. You can see from this article why it is important to take a currency trading course of some kind before you start trading.

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