Business 2K Blog Place

Hi ,

Todd Judkins here with your third bonus report. Now that we have established your Forex trading as the perfect home-based business, focus on the word “business.” It is now time to discuss what something every business has – a plan!

As a former Naval Officer I came to understand the importance of a plan through countless crisis responses, some in the news and others not. You are destined to wonder aimlessly without a plan. Your money is on the line so we will focus like a laser on a Trading Plan.

If you trade or invest I am sure you have heard the saying “plan your trades and trade your plan. Sounds simple and like a little cliché, but this is the cornerstone of all great traders. After trading with Forex Journey you will come to embraces this notion each and every day.

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CREATING A WINNING TRADING PLAN
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Successful Forex trading is a lot like life. You a likely to get what you want if you have a plan to obtain it. What sets Forex Journey aside is that we incorporate these self-mastery skills directly into our plan. More on that later…

Here is a simplistic plan for trading the Forex market.

1. Define the currency pairs you will trade
2. Master a strategy to get you into a trade
3. Master a strategy to get you out of a trade
4. A system for managing your account and managing risk
5. Become aware of your strengths and weakness as a trader

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STEP ONE - DEFINE CURRENCY PAIRS
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Unlike stock traders who have over 60,000 stocks to choose from, you can define your currency pairs down to a handful. As a new trader we recommend that you just stick to one currency pair and learn it like the back of your hand. With experience you can start to incorporate more and more currency pairs. I have been doing this for some years and basically only trade 8 pairs, with a deep focus on just 5.

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STEP TWO – MASTER YOUR ENTRIES
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This is when trading currency get fun! We will teach you the techniques of the pros for evaluating a currency and picking the optimum entries based on your trading style and personality. We do this online in our trading room everyday!

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STEP THREE - MASTER YOUR EXITS
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Predefining your exit points and letting your profits run are the skills of experienced traders. It is said, anyone can get into a trade, but only professionals know when to get out. This is where having your currency coach online will really accelerate your learning curve!

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STEP FOUR - MONEY MANAGEMENT
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Understanding how to properly manage your account will eventually determine your long term profit or lose. This is where the mustard meets the road! How much to risk? Can I afford the trade? Does it have an acceptable reward-to-risk ratio?

You are better off with a shaky strategy and solid money management skill than vice versa. Just because a trade looks good to me means it should also look good to you! Understanding this difference will turn you into a profitable trader overnight!

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STEP 5 - SELF MASTERY
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Most plans end after step 4, not us. Understanding that there is a person who must execute steps 1-4 is critical, even if you are trade a computer-based program. Without a discipline and aware trader behind the wheel, this ship will go nowhere.

Everything you do without thought is done by your subconscious thoughts. You breathe and your heart pumps without your conscious thoughts. Now imagine Forex trading with this same effortless approach – this is the Forex Journey way. It takes patience and perseverance. In the end you will be instilled with the thoughts and actions of great traders. All this is a part of your training at Forex Journey.

“Assume the feeling of the wish fulfilled. ~ Neville Goddard”

This is how we trade . Did you know you can also follow our blog at:

==>http://forexjourney.blogspot.com

Next Time…

In the coming issue you’ll learn…

***The Currency Pairs
***Correlations

Warm regards,

Todd Judkins
Founder and Lead Currency Instructor
ForexJourney.com

P.S. - You don’t even have to take my word for the quality of training you’ll receive. Listen to what one of our students had to say: “I am extremely satisfied from the instruction I have received from Forex Journey. I anticipate making a lot of money using your approach. You really got me out of my own way and thinking like a trader now!- Mark Davies”

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Copyright 2007 - ForexJourney.com & Judkins Group LLC- All Rights Reserved.
ForexJourney.com is owned and operated by:
Judkins Group LLC
3225 McLeod Drive, Suite 100
Las Vegas, NV 89121-2257
USA

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***** DISCLAIMER *****

Disclosure: We are not an investment advisor, financial planner or registered broker. We provide real-time market analysis and educational services for traders. You accept all liability resulting from your trading decisions. Forex Journey is an educational website designed to deliver foreign exchange (Forex) training to member students. The information presented with the website is for educational purposed only. This information is not a recommendation to purchase, sell or hold foreign currencies. Trading foreign exchange (Forex) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. The information contained here was gathered from sources deemed reliable; however, no claim is made as to its accuracy or content.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Hi,

Todd Judkins here, on the behalf of everyone here at Forex Journey would like to say thank you for signing up for our video newsletter.

As a special bonus please enjoy our 12-part series on what it takes to trade the Forex market for profit! Over the next several days you will be receiving valuable information on currency trading … enjoy!

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BUILDING A FIRM FOUNDATION IN FOREX
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Starting with a firm foundation to your learning and later trading sounds very reasonable doesn’t it? Even so, most people never even consider this principle. In fact, most people who want to trade the Forex market go about carelessly. Talk about risk!

There is nothing riskier than trading without a plan or without the proper training. Nothing unusual about that…starting any business without a plan is the same thing.

I teach my students to that a complete trading plan involves 3 key areas:

1. Strategy – you must learn how to evaluate the market to determine entry and exit points. Most people stop here and wonder why success eludes them. Their plan is not complete!

2. Money Management – you must learn how to control risk or risk will control you and end your forex trading business fast! I would rather have a solid money management plan with a terrible strategy than an awesome strategy with weak money management skills.

3. Personal Self-Mastery – you must know yourself as a trader in order to execute strategy and money management for the explosive wealth building promised in Forex. Ultimately your success will hinge upon your ability to control yourself and your emotions.

My students learn to practice trading in a demo account, just like driver’s school. Once they can show that they know how to profitably manage their demo account it is on to live trading! It’s all about learning the process of Forex trading.

We recommend no matter how much funds you have set aside for trading, when you begin real money trading start with a small amount in a mini-account until you have proven you can grow and manage this account. And then we will show you how to supercharge your wealth building!

But, still there are advertisements all over the place claiming that someone will teach you the one secret that no one else knows. The one secret that will provide instant profits in Forex.

**hey, the only Holy Grail of trading is the one you make for yourself! **

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BEFORE WINNING, BE WILLING – IT’S ALL ABOUT THE PROCESS
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Look, if you are serious about making big money in the Forex market then get serious about learning to do it right. You must be willing to follow the steps, willing to practice, willing to learn from others.

Most importantly you absolutely must be willing to find your trading personality and follow a plan!
This is the Holy Grail!

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WHAT IS A TRADING PLAN?
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Simply put, a trading plane is a set of guidelines and rules that help you to overcome the emotions of fear and greed when it comes to trading. It lays out your Process of Forex Trading and includes elements of the 3 key areas.

Further, a good trading plan has rules that cover every possibility once you are in the trade. It is a roadmap to profits. Anyone without a trading plan is destined to fail!

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WHERE DO I FIND THESE TRADING RULES?
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Well, if you’re lucky and patient enough you can learn them in the “school of hard knocks” like I did, or you can learn them online at with Forex Journey…

***The value off step-by-step live instruction can’t be underestimates See our charts, hear our voices as you learn live in the Forex market. We can’t provide this service for thee prices much longer. ****

Join now and your membership price will never go up!
Action is always rewarded.

See for yourself:
http://www.forexjourney.com

Next Time …

In the coming issue you’ll learn…

***Why trading is the greatest home business.
***How to achieve results in the Forex Market.
***How to benefit from controlling $10,000 with only $1.

You’re on your way! I’m going to do my very best to explain the Forex Market and how to trade it during our weekly visits through this newsletter series that supplements the Forex Journey Video Newsletter.

Trading Forex is an exciting and satisfying way to produce extra income. This may be the beginning of a whole new world for you.

Warm regards,

Todd Judkins
Founder and Lead Currency Instructor
ForexJourney.com

Hi,

Todd Judkins here, and I have quick question for you. Have you always wanted to work out of your home? I don’t know about you, but when I work from home and have the freedom to control my hours the quality of my life soars astronomically.

I spend more time with my family, playing golf, generally anything I want.

I call it THE GREATEST HOME-BASED BUSINESS!

In today’s economy the need for a good paying home-based business is greater than ever and increasing every day. The move to a more service and development based economy has created great change and strain in the workplace.

Layoffs, outsourcing, life-style changes and technology have ushered in uncertainty and often times means that having a second or even a third source of income is necessary just to make ends meet and provide for our futures.

Gone are the days of being hired by a company, working and progressing through the ranks for 20-30 years and retiring to a nice sustainable pension. Now the onus is on us to provide our own retirement income and secure our financial future.

Since the 1990s staying in the same industry is a luxury fewer and fewer people know and there has been an explosion of home businesses being advertised, from stuffing envelopes to network marketing.

Are all these home based businesses profitable? Are they even right for you? If you had to develop a wish list of the benefits of a home business I imagine it would look something like this:

Unlimited profit potential
Fast start up time
No employees to manage
No insurance cost
No inventory to manage
No selling
No creating a down line for income
No advertisement or marketing budget
No outside office
Work from anywhere (including the beach!)
Small time commitment
Small start up cost

In other words, you want your cake and eat it too!

Given these requirements, what business could possible meet all of these requirements?

Let me introduce Forex Trading!

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LEVERAGING YOUR MONEY
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For most, money is tight. When you transition into becoming a professional trader leveraging your money will provide the acceleration you require. There is a learning curve every trader must overcome. Leverage is both good and bad. It can help and hurt a trader. Your goal is to build your skill trading in a virtual account while you gain the confidence to trade the Forex market and manage the risk associated with leverage. The greatest risk is not being properly prepared to trade this market.

Once you have the necessary skill, you can slowly begin trading real money and designing the life you deserve. Your requirement consists of patience and perseverance.

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SMALL BUT POWERFUL
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Currencies are traded in lots. In a standard account 1 lot controls $100,000 in currency and in a mini account 1 lot controls $10,000 in currency. So, for a mini lot $1 controls $10,000. When the price of a currency moves up one increment (called a pip) you have a potential profit of $1. The average currency pair moves 75+ pips per day.

Example: If you have a mini account and buy 1 lot of Euro/US Dollar (EUR/USD) and the pair moves up 10 pips your potential profit on the trade is $10.

Now there a more to the mechanics than this simplistic example, but you get the idea. This is an extremely powerful skill and requires education and training to learn to profit from it.

Also, don’t forget that the Forex market is open 6 days per week 24 hours per day. It will be there when you are!

Now is your time to learn this financial skill. Click below to find out how:
http://www.forexjourney.com

Next Time…

, in the coming issue you’ll learn…

***Creating a winning trading plan
***The Forex Journey approach to currency trading

“Thank you! I wish I found this 3 months earlier, that would have saved me a fortune. Thanks Todd, you’re the best! ~ Ingrid Vemeiren”

Warm regards,

Todd Judkins
Founder and Lead Currency Instructor
ForexJourney.com

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Copyright 2007 — ForexJourney.com & Judkins Group LLC– All Rights Reserved.
ForexJourney.com is owned and operated by:
Judkins Group LLC
3225 McLeod Drive, Suite 100
Las Vegas, NV 89121-2257
USA