One of the biggest problems facing beginners to the Forex market, is the perception that it is simple. This perception can be very expensive, I know, because we fell into the same trap and it cost us a large share of our account.

It doesn’t matter how you approach Forex trading, you need to have a basic knowledge of what is going on. There are a variety of factors that influence the market, and having an understanding of what they are and how they may influence the charts, will guide you on times to trade and times to stay well away.

The Top Dog training system I talk about in the video, has helped us enormously and has been pivotal in us turning our trading around from occasional profits to where we are now, where most or our trades are highly profitable.

Yes there is a vast range of training material out there, much is excessively over priced for what they offer. All too often, they leave out certain critical elements and the training is focused on a single market. If a trading system can be used in virtually any market, Forex, Options, Futures, Commodities etc, I firmly believe it has to present a very comprehensive understanding of market dynamics.

Probably the biggest thing you have to consider is; are you prepared to risk your hard earned cash in a venture you probably know very little about. Historically the Forex market has been shown to take no hostages, nothing about it is kind to the ignorant.

Profitable trading strategies and minimising your risk is what Dr Barry Burns course teaches, you can use his strategies on any market. So try before you buy, test out his Free 5 day  Video Course, and see what it has to offer, you’ll be pleasantly surprised. Not only that, but this course will show you some strategies which will help you make some fast bucks while you are learning.

Free 5 Day Video Trading Course

One of the most significant problems facing beginners to the Forex market, is the thought that it is straight forward. This perception is very costly, I know, because we fell into the same trap and it lost us a large share of our account.

It doesn’t matter how you start Forex trading, you need to have a basic knowledge of what is going on. There are a number of factors that have an impact the market, and having an awareness of what they are and how they impact the charts, will guide you on times to trade and times to stay well away.

The Top Dog training system I overview in the video, has been the difference in us going out backwards until there was nothing left, to now, where most or our trades make good money.

Yes there is a heap of tutoring material out there, much is excessively over priced for what they offer. All too often, they leave out certain critical elements and the training is focused on a single market. If a trading system can be employed across the board, Forex, Options, Futures, Commodities etc, I firmly believe it has to provide a very comprehensive understanding of market dynamics.

I suppose what you have to think about, is should you risk your hard earned cash before you have even a basic understanding of what Forex is all about, or do you get some basic knowledge and minimise your risk. A lack of knowledge can be very costly, with no comeback policy.

This is what Dr Barry Burns course teaches and it will lessen your financial risk considerably, you can use his methodology on any market. So try before you buy, pick up his Free 5 day  Video Course, and see what it has to offer, you’ll be pleasantly surprised.

The most important part of any type of investing, is knowing what your risk tolerance is. Without a good knowledge of this, the chances of you loosing everything are very high. Each type of Forex trade carries its own risk parameters and these your choice will be defined by your risk tolerance. Then there is your personal approach to trading, conservative, moderate, and aggressive.

 At the beginning you may decide to trade a day chart. The pip movement over a day can be many of pips, so when you select your stop-loss position you have to assess what your drawdown limits are. If your money management dictates a 3% funds exposure, you will find problems on day charts unless your account is significant.

 The 5M or 30M charts maybe more suitable since the pip range tends to be less, so your stop positions can fall within your management criteria.

 Yes, we all want to make money from out trades, but exposing ones account to wide stop positions and large draw-downs is going to clean out your account and trading career in the blink of an eye.

 A practical risk level is 3% or $300 on a $10,000 account.  Convert this to pips, 1 standard lot ($100,000) has a pip value of $10 so if you trade end of day and your stop loss placement, whether count-back or support and resistance or any other, determines a 100 pip stop position, then you are not risking 3% but 30%! Three reversed trades and your account has gone!

 An aggressive trader is prepared to take riskier trades that a conservative trader. They may be prepared to expose bigger sums or money in riskier trades with the hope of achieving larger returns – often over longer trading time frames but they may still use the similar strategies for shorter times as well. Very much the ’all risk’ trader.

 So where do you place yourself? Are you a disciplined trader with correct money management and risk rates, or a trader that will take exaggerated risks for big gains? If you are the latter, you will not be trading for long, that’s a guarantee.

 If any of this leaves you a bit uncertain, you need to gain some knowledge, so start your Forex training with Top Dog Trading, you will learn an enormous amount and it will help you trade with safety to win pips not risk everything.

 Never trade without having all of the facts! Click Here To Get Your FREE Five Day Video Trading Course

FREE 5 Day Video Trading Course

I recently become interested in trading Forex markets, I knew that fundamental analysis was not an system I could use, but reading charts and their patterns was what I preferred. Google ‘Technical Analysis’ on the web and you will be inundated with material, but after much investigation I came across Top Dog Trading.

What made me decide to take this course to learn Forex trading?…. A number of things besides the absolute necessity to trade better and to stop depleting my trading account with losses; was that I had a good feel for what Dr Barry Burns was imparting on his website and most of the training is supported by plenty of videos which makes it much easier to understand and see what he is saying. The other essential criteria for me is the qualifications of the teacher and author of the educational materials. Barry’s CV is superb, a business man who trades professionally, he is also a highly regarded speaker and writer.

So I signed up for his free 5 video course to see if I would feel comfortable with his techniques.

Prior to this, I had already done several other courses on technical analysis for Forex trading but cannot say that I really gained the understanding of trading that would minimise my trading losses, all this changed once I came across Dr Barry Burns, I now feel confident that I can make the business of trading a success.

With Barry’s courses I have not only learnt how to trade his methods but also embraced a far deeper comprehension of the Forex market & the charts but more critically the money management and personal attitudes that are essential to becoming a profitable Forex trader.

In his courses Barry explains the principals simply and clearly, then gives upto date chart examples with all their un-predictable moves showing how to make the rules work profitably. This is all done via a vast selection of videos.

Provided you follow the principals Barry explores, you will end up with a very profitable ratio of wins to losses with tight control on the losses, so when one does a trade that goes against you (which all traders do) the financial pain is not too severe.

Barry’s courses are the best Forex trading courses that I have come across and I would strongly suggest that you give his FREE course a try. This course has 5 videos that walk you through some of the most powerful trading material I’ve ever come across.

I personally took the course, loved it, and learned a lot from it and have moved to Barry’s more in-depth courses. My wish to learn Forex trading will never again produce the losses of the past.

Try the Free 5 Day Video Trading Course for yourself: