- What is forex. Part 3
- What is forex. Part 2
- What is forex. Part 1.
- Do you need experience to operate the PHD Method
- The PHD Method average stoploss
- How much of my account is at risk at any time
- What is the aim of the PHD Method
- Is the PHD Method Set & Forget
- Can I set alerts or do I need to screen watch
- Do i need a checklist.
- What has been the success rates of your students
- Where are your students based
Forex Education: Freebies
Over the years I've accumlated a wide range of forex trading tools and narrowed them down to what have been useful and what are downright crap 
Some are my own that I'm willing to share with non-PHD clients and others just accumulated randomly over time.
Anyway to keep it short if you're looking for something to aid your trading I may well have it so just ask This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Included in my trading array of free tools:
A Range Calculator that displays the last 1/5/10 and 20 days ranges. Traders who don't know the ranges of the markets they're trading need a boot up the backside lol.
A Camarilla automated calculator and a back-up manual calculator
A Multi-pair current trend spotter . Helps back up your visual decision which will always be by far the most important
Ihr Trend Direction analysis software. Again visual is how you should train yourself to be expertise at but this will help you.
Support/Resistance levels calculator. I've never discovered levels more accurate than these. There are lots and lots of free calculators out there all giving their opinions of S/R but to a day trader nothing will beat these.
Trade management software that many of my clients use to help them make bigger profits while having to make less decisions.
Trendline Software that plots the trendlines for you thus cutting back on the traders tendancy to make the line fit the trend rather than the other way around. Trendlines have their uses though I don't use them in my PHD Method
A chart based checklist {Not the PHD one} that you can personalise to any method you currently use. Chart based will always be far more advantageous than a piece of paper or notepad. It's there, it's staring at you and you'd be a silly Billy to ignore your own systems criteria.
If there's anything not mentioned here that you are sourcing then ask me, I f I can help I will, PHD client or not. Cheers, Andy.
Checkout the PHD Method: Results - Guarantee - Frequently Asked Questions - Office, Home visit and Online Sessions - Package Choices - PHD Method chart based checklist
Forex Education:Technical Analysis
Technical Analysis is the easiest and most precise way of trading the FOREX market known by the forex traders community. All available information on any particular currency, and its impact on traders, and the market, are already reflected in a currency's price. The foreign exchange market is mostly composed of trends and is, therefore, a place where technical analysis can be used very effectively. Experience in trading has shown that history repeats itself - over time, certain chart patterns become consistent, predictable and very reliable. The problem is being able of spoting them. There's always more than meets the eye at first glance.
Prices move in trends; and the traders who don't know this fact obviously have no need to implement a trading methodology on technical analysis, they haven’t even realized yet. But, over 100 years of research has shown that those who trade "with the trend", more often than not, greatly improve their chances of winning in the forex markets (i.e., making a profitable trade).
Many times finding the prevailing trend will help you become aware of the overall market direction and offer you better visibility--especially when shorter-term movements tend to clutter the picture. And many times following the trend will bail you out of an initially less than great entry point.
The main question you may be asking yourself by now is; how does technical analysis help you to determine what the trend of the market is and how does it help your efforts to trade with the trend and not against the trend?
It is important to mention that no one is claiming technical analysis as the “magic bullet” of trading . And if you ask, which indicators are better in Forex trading? The answer is none - technical indicators should simply be components of your overall customized / personalized trading system and not systems in and of themselves. They are like tools in a tool kit, not the kit itself!
As a Forex Technical Trader, your goals are:
1) To figure out the price action of the currency pair. Price is the main concern. If the EUR/USD is at 1.3226 and goes to 1.3219, 1.3112, 1.3008 - the market is in a down trend. Despite what every technical indicator might predict, if the trend is down, stay with the trend. Indicators showing where price will go next or what it should be doing are useless. A trader need only be concerned with what the market is doing, not what the market might do. The price tells you what the market is doing.
2) To always remember that technical indicators are only giving you confirmations based on what the market is telling you. So listen and pay close attention to the market and let it dictate which method you will use and which tool you will pull out of your bag of strategies and techniques. For only by listening to the markets will you ever be able to conquer it successfully and become a profitable trader.
If you would like some free software that I have sourced that will simply help you with deciding on trend direction then contact me at This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Remember it is a visual decision that is most important, that is trading, but the software will help confirm and aid in your confidence that you are making the right decision. It's a very useful piece of kit, available free on the internet if you know where to look but I can save you the trouble if you ask.
I love the Forex Jackal PHD Method. Find out lots of information on the method here on the blog and over at the Frequently Asked Questions section. View recent results too and terms of the Guarantee.
Checkout the PHD Method: PHD Results - PHD Chart Based Checklist - Guarantee - Frequently Asked Questions - Office, Home visit and Online Sessions - Package Choices -
Trading Tools That You May Find Useful
Below there are a few tools that may help you with your trading regardless of whether you use my method or not. If you want any of them just send an e-mail to This e-mail address is being protected from spambots. You need JavaScript enabled to view it with the relevant code word and I'll forward them on to you.
1- A chart based checklist you can personalise to meet the requirements of any method you currently use or may do in the future and a PDF explaining how to operate it. {PHD Traders have a pre-set one they can use that is preset to the average traders attitude to risk and opens without the need to download anything. It is also chart based so you can’t miss anything before you consider placing a trade }. QUOTE ‘ BLOG TRADING CHECKLIST’
2- A scanner, that will help those using the hour chart, confirm direction. There is also a PDF explaining how to use it that is part of the PHD method. I also have other software, available free on the internet, that has been researched thoroughly and passed the forex jackal testing phase. This includes a scanner you can set to any time chart and on any pair or market you wish, it will then give you the overall direction for that particular pair or market. QUOTE ‘BLOG TREND SCANNER’
3- A Camarilla Calculator that will make the job of calculating cams much easier, it contains the genuine equation, not one of the bogus ones so often found these days. The PHD method does not use the camarilla equation but that doesn’t mean I haven’t the utmost respect for it. The only clients I have that use the camarilla equation are those that are advanced with the PHD method and can trade against the trend too. The PHD method is a trend following system whereas the camarilla equation allows you to trade against it too. {The calculator contains the main 4 levels that all cam traders work from, not the 8 levels sometimes produced that causes confusion. } For those that wish to have their camarilla levels plotted automatically then there is a section on this blog or just QUOTE ‘BLOG CAMARILLA CALCULATOR’
4- A support/Resistance calculator and PDF explaining how to use it {called the ‘back testing calculator'}that is remarkably accurate, try it out, even back test some of your s/r methods you may use against the levels this one produces. These are the levels that forex PHD method traders use within the system but theirs are plotted automatically. QUOTE: BLOG ‘SUPPORT/RESISTANCE CALCULATOR’
5- I also have access to software that can drastically reduce the stresses sometimes associated with trading. It will automatically move stops, take profits, half profits etc without you having to interfere. It’s a superb piece of kit and I tell all my PHD clients where to get hold of this for free. Absolutely superb. There are few similar software kits around, some you pay for and some you don’t, but this has been tested and continues to be tested and has passed the tests with flying colours. QUOTE 'BLOG TRADE MANAGER’
6- An 'average daily range' chart based calculator. It will identify the present days range and the average for the last 5/10 and 20 days too. No one should trade any market that they don't know at least the average daily range of. Easily installed on to your trading platform and sits quietly in the corner of your screen. QUOTE 'BLOG RANGE CALCULATOR'
There you go, if you think they will help or you want to give them a whirl let me know at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
Checkout the PHD Method: PHD Results - PHD Chart Based Checklist - Guarantee - Frequently Asked Questions - Office, Home visit and Online Sessions - Package Choices
PHD Forex Method ' titbit' No 22: 13 reasons to consider purchasing the PHD Method.
It most definately works and produces the results. It has stood the test of time and will continue to do so because of it's use of leading information not lagging. Virtually every method out there is based around lagging indicators, lagging information has already happened and though it serves a purpose it is of no consequence to base an entry on. We use lagging indicators but ALWAYS ALWAYS base our decisions to enter on leading information. The better you get at the PHD method the less you will even look at the lagging information anyhow. We use it to slow you down and get you on the right side of a trade to begin with, and it's predminately colour coded too so are you going to go long if virtually everything you're looking at is red,no is the answer to that by the way. ![]()
A decent measure of whether a site is a ' trading' site or just an avenue for advertising revenue and/or turnover sales is the look of the site. Is it plastered with advertisements and several systems from other sources and affiliate this that and the other! If so then there's not generally a trader in site. With my site you see me and my method, no advertising, no affiliates and none of those annoying pop up boxes. What you get with me is the human touch, bad grammar and spelling the works lol. What I have is something most haven't regardless of educationional background or training, I have a day trading method proven to work and so prefer my site to be about that. I could go down the route of affiliates and advertising and selling space etc but then I lose my uniqueness and my stance on being different to the norm. If someone discovers this site and joins my Jackal client base then great but if it never happens again, guess what, I can trade. This site I love and put effort in to but it's not my main source of income, if it were I'd be living in a box visiting the soup kitchen.
There's a guarantee that I believe is very fair and viewable here.
You can trade any market you enjoy or feel comfortable trading. Forex is by far the most popular but if you fancy the FTSE, DAX, DOW,CAC, S&P, GOLD, OIL or even smelly socks lol. No matter, the method is suitable.
The PHD Forex Method is based on taking low risk high probability opportunities. We only trade quality set-ups, this is not a method about quantity, it's all about quality.
You will never risk more than your potential reward. It's a strict 1:1 risk to reward ratio MINIMUM or no trade.
My after-care,regardless of the option you chose to purchase the method, is second to none. I pride myself on rapid and informative answers.
I provide everything you need and more. In your PHD Forex Method package there are over 100 actual screen-shots of actual traders trades, free software to help you spot a trend, back-up manual calculators should soft-ware ever fail {it's never happened yet}, and a folder explaining the method in clear plain terms with screenshots to help even further.
You are provided with a superb chart based checklist that sits neatly on your chart and gives you a calculation of the probability of the trade succeeding. You can take an image, directly from the calculator itself, of the chart and put it straight in to a folder for your records or to peruse at a later date.
You trade only with the trend, it's by far the safest way to trade and I teach you how to identify a trend and also provide software to help identify and confirm it too. I can provide links to other software too {free} if asked. An example being a request for automated software that will move stops for you and take profits, half profits, bring to break even etc and all automated. This saves lot's of screentime and reduces greatly some of the pressures some traders experience with trading. PHD Clients are well looked after with anything that makes their trading easier to perform. Those that want to trade against the trend must only do so once they can trade with it. No one, regardless of system, should ever trade against it until they have a proven track record of trading with it. To those that decide later on to trade against it too, I provide a superb chart based manual calculator and details of an automated calculator giving indications of potential reversal levels.
It's not a screen watching method. We know very early on if the criteria is going to be met or not. We are most certainly not news traders so heavy news alerts {I teach you how to identify and it's all in the PDF version too}is avoided. Also because certain criteria has to be met that is instantly recognisable then if it isn't there then it isn't there. You set an alert to inform you when it is or you can simply look at another pair or market that has met this particular criteria.
You can set and forget the trade if desired. Not all PHD Traders want to trade full time or even part time. Some have employment they are not ready to leave or have no intention of anyway and just trade for fun or in preparation for later years. My clients range form labourers to teachers to IT professionals to 'work from home', to students and even two doctors. Not everyone wants to trade for a living so they set and forget their trades seeking opportunities before, during and after work.
I could go on with many more reasons to blow my own trumpet lol but I thought about a bakers dozen was enough and as i don't believe in luck in trading, preferring logic and probability, then 13 was good for me. The last one I believe counts more than anything and is about honesty, integrity and appreciation. This business is overloaded with scam and rip-off merchants and I'm very happy to say I'm not one of them. If I wanted to be overloaded with business then I have but to 'SEO' the hell out of my site { SEO is seach engine optimisation} and then I would be inundated with traffic and e-mails galore. You can do a simple check on the internet and see I am page ranked 1, 1 being the lowest and 10 the highest. If you discover this site it will be for only a few simple reasons, recommendation, pot luck or severe research exploring your due dilligence checks to the max and came acoss my site that way. If so then well done to you.
Here I am, little old me happy at work with my trading station. You can trade the Forex PHD Method from a laptop. I enjoy having 3 screens to show off
, joking apart I use two to train and trade and have another one spare for back-up. Take care wherever you reside on the planet and happy trading. Andy.
Checkout the PHD Method: PHD Results - PHD Chart Based Checklist - Guarantee - Frequently Asked Questions - Office, Home visit and Online Sessions - Package Choices
Forex Education -A very basic explanation about forex trading.
People trade on a daily basis. Some trade their services for money, while others trade products like food, toys and other things for money. People trade to earn money to properly live their everyday lives. This is why people work, why people put up businesses and why people trade in the financial market. Today, it’s all about money in order for you to give yourself and your family a comfortable life.
If you are considering making money aside from your day job or starting a career, you can do so by trading in Forex. Surprisingly, most people don’t understand how Forex works but are still interested to trade in this financial market. Besides, people would really want to trade in the largest, the most liquid financial market in the world.
Forex operates 24 hours a day and 7 days a week with no centralized location unlike other financial markets. It involves all the currency in the world and trillions of dollars are being exchanged everyday in this market, thus, making it the world’s largest and the most liquid financial market in the world.
The Forex market promises traders a promising way to earn money. However, Forex also has its risk and it is a fact that people lose money trading in this market. But, there are also people who became millionaires in the Forex market almost overnight. Education is the key to start trading in the Forex market. Without the proper knowledge in Forex trading, chances are you will end up losing money.
First of all, before you trade in Forex, this market is the buying and selling of currencies. In simpler terms, you, as a Forex trader, will be purchasing one kind of currency against another kind of currency. This gives Forex a trend to trade in pairs. If you traveled to another country, chances are, you traded your currency against the local country’s currency to enable you to buy things from that country. If you did this, you have an idea on how Forex works.
If you want to trade in this ever liquid market, you have to get the best education possible in trading currencies. A good education will enable you to trade in Forex more effectively and increase your chances of earning a considerable amount of money. It is even known that lots of people have quit their day job to concentrate in Forex trading.
Getting a good education about Forex trading will also let you increase your chances of profiting and decrease the risks involved. In getting the proper education in Forex trading, you will also learn how to read Forex charts. Forex charts are one of the most important things you should learn in order to successfully trade in the Forex market. Without this knowledge, you are doomed to fail in this very liquid market.
Expert Forex traders said that the best way to learn Forex is by actually trading in the Forex market. For this, website developers and software developers have developed a program that you can use to practice trading Forex. There are websites available that will enable you to open a dummy Forex account where you can trade in a simulated Forex market using no money at all. With this kind of software, you can really learn the way Forex works. It is also a great program to get the feel of the Forex market and you can even consider it as a stepping stone to start trading in a real account.
Thanks to the internet and the advancement in technology, everyone can trade in this financial market. Unlike in the past, only the multi-national companies and financial institutions, such as banks are allowed to participate in the Forex market. Trading Forex is relatively easy to start. All you need is a computer with an active internet connection (high speed internet), a funded Forex account, and a trading system.
Always remember beside the fact that Forex can give you the potential to earn a lot of money, the risks involved is also equally great. So, you should first educate yourself about Forex trading that is readily available on the internet for free. You have to learn about the major currencies traded in the market, about leverage, and also about minimizing the risks in trading.
Don't go overboard. Just ask me where to look for the best free advice. Yes I promote and teach and sell my method, but it's not for eveyone, and that doesn't mean I can't help you or that I want you to fail. Simple e-mail to This e-mail address is being protected from spambots. You need JavaScript enabled to view it with your question{s} and I'll do my best to help.
Remember there are several ways to learn the Forex PHD Method style of trading. I can come to you, you can come to me, we can hook up online and there is a PDF version too. Most traders pick up the method within 3 hours. Yes that's 3hrs and you're then ready to start practicing. There's lot's of information regarding the PHD method on this blog and the FAQ's section. Here are the terms of the guarantee and an example of the chart based checklist we use to ensure the criteria has been met. My after-care deserves it's superb reputation, I look after my clients not take your hard earned cash and never to here from again. Bye for now, Andy.
Checkout the PHD Method: PHD Results - PHD Chart Based Checklist - Guarantee - Frequently Asked Questions - Office, Home visit and Online Sessions - Package Choices
Forex Education Day Trading Tip NO 21 - Will you get wealthy?
Don't throw that coffee cup at your screen, I'm only being honest. Do some people get wealthy trading?...Absolutely. The internet is filled with talented pitch men that can hype anything from watching the stars to the latest and greatest make you rich on auto-pilot software program for your trading signals. (but the stars thing does work great with my girlfriend) Well, here today on the World Wide Web I am going to reveal the Holy Grail of trading. The surprise is it won't be found sold on the 'net in fact it is not a trading system at all. It is (drum roll please) being honest with yourself. My goodness, that's not very exciting after all the hype we've been fed by the guru's. And may I add I don't put myself out there as a guru. I'm a simple chap that loves trading and if my method suits you then jolly good but if it doesn't that's not a bad thing as trading is individual and one glove does not fit all. Believe me if I was to rely on this site for my income I'd be selling the big issue within a month lol. If you happen to find this site, enjoy it and want to delve further in to my style of trading then send me an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
The truth is there are many trading systems that work, but there are precious few people can be honest enough with themselves to pick a system correctly. Most people that want to trade start off by looking for that system that will beat the market. Now I know that some systems outperform others and by all means you should seek the best one. Where many struggling traders miss the boat is they don't understand the best system is the one that matches your own personality. If one trader has good discipline he may not need a system that is very rigid. On other side of the discipline spectrum, a trader would need many rules to protect him. If either of these traders try to trade with other's system they would probably fail. When you try to trade a system that does not align with your need for discipline as an individual you are destined to fight the very system your trading. The holy grail that many seek is the ability to correctly identify their strengths and weaknesses. This sounds simple but you would be surprised at how many people will disregard certain weaknesses that they do not want to admit to anyone, even themselves. If more traders would first be brutally honest with themselves and then design a system tailored to their own attributes we would have many more Rich traders.
Will you get rich trading? If you have the honesty to choose the correct system, and the discipline to follow that system it may be possible. A good place to start for a day trader requiring low risk but high probability opportunities would be to take a closer look at my system the forex PHD Method.
More information on the PHD style of trading can be found all over this blog and here at the frequently asked questions section.
Checkout the PHD Method: PHD Results - PHD Chart Based Checklist - Guarantee - Frequently Asked Questions - Office, Home visit and Online Sessions - Package Choices
Forex Education: Factors involved in becoming a successful forex trader
In order to become a profitable trader the new trader will immediately discover the imperative need of having an accurate knowledge of the markets and a good understanding of the forex technical indicators.
These days everyone is talking about Forex trading and the great opportunity this activity represents for people willing to break free from the corporate world and start working from home or anywhere else without losing their current lifestyle and even improving it. Forex trading has changed dramatically in the last 10 years thanks to the technological advancements of the internet era. With real-time streaming technology and faster and more efficient computer systems, almost anything, from roses to FX trading, is available at the click of a button.
Some of the great reasons why Forex trading is a great way of entering the capital markets is that your trades are all commission-free and it has a low transaction cost. All the best forex brokers have these characteristics and even Mini FX traders (i.e., traders starting with accounts having a capital as low as $250), who are just starting in this field, can buy and sell currencies online always commission-free.
But one thing is to start Forex trading and other very different is becoming a profitable Forex trader. In order to become a profitable trader the new trader will immediately discover the imperative need of having an accurate knowledge of the markets and a good understanding of the forex technical indicators.
But having a good knowledge of these concepts is not everything you need. Fear is one of the worst enemies of the Forex trader. In order to become a profitable trader it is essential that the person involved in trading understands that he must leave fear aside and stick to the trading plan he has constructed and arranged before, always understanding that losing trades happen to everyone and they are always part of a profitable trading career. A forex trader must learn how to profitably use his stops without heavily compromising the capital in his trading account, i.e., he must play safe but realizing that a calculated risk must be undertaken in order to maximize profits.
In short knowledge is the key to a successful trading career but it also must go along the proper psychological preparation of the trader in order to be able to tame the markets and become a profitable trader.
Here I am, good lucking friendly fellow lol, and at my happiest in front of my trading station...........other than family of course :).
You can trade the PHD Method from a laptop, you don't need the set up that I have here. I have two for training purposes and a third for back-up. Ask me any qyestions you like and I'll get back to you prompty.
Checkout the PHD Method: PHD Results - PHD Chart Based Checklist - Guarantee - Frequently Asked Questions - Office, Home visit and Online Sessions - Package Choices
- Language Of FOMC Minutes Signaled More Dovish Outlook
The April FOMC minutes indicated that policymakers acknowledged improvements in economic growth but these remained insufficient to change its current accommodative policy stance. While there was slight change in language from the previous meeting, it appeared that the central bank turned mildly more dovish. Overall, the Fed continued to pledge - BOE Revised Lower Growth and Inflation Forecasts
The BOE released a dovish quarterly inflation report in May, lowering both inflation and GDP growth forecasts from February projections. Policymakers also cited the worsening situation in the Eurozone would affect the UK's path to recovery and there was a "risk of a storm heading our way from the continent". - Eurozone Avoids Recession Temporarily, More Negative Effects To Be Seen In 2Q12
The Eurozone economy turned out to be better than expected in 1Q12. Notwithstanding consensus forecast that the region would technically fell to recession with two consecutive quarters of contractions, the flash GDP data came in flat, compare with 4Q12’s -0.3% drop. Despite the apparently stronger than expected growth figure, the - RBA Releases Dovish Minutes in May
The May minutes released by the RBA came in more dovish than expected. Together with the SMP released on May 4, it suggested that policymakers are forecasting more moderate inflation levels than previously anticipated. Overall, the chance of further rate cut is a tug of war between apparently improving domestic - Greece's Exit Less Likely Than Market Speculations
The Greek election result has dramatically raised market speculations of the country to exit the Eurozone. However, given that over 70% of voters in Greece prefer the country to retain in the 17-nation bloc and a default on Greek sovereign debts would be disastrous for the official sectors including the






