Forexearlywarning.com New Website Coming Soon

Forexearlywarning.com is building a new website, the website will be released soon. We will be making announcements as to the exact date of release very soon to our clients. We look forward to releasing the site as more information available will be easily accessible to clients and new features will be available. At some point we will have two versions of the Forex Heatmap (tm) live on the site as well as the ability for all clients to post their own trading plans.Click on the image below to enlarge it to see what the new website will look like.

The Forex Heatmap (tm) - Version 3.0

The next version of The Forex Heatmap (tm) is under development. The new version will have more currency pairs, update more frequently and have a series of arrows which will make reading the heatmap much easier. Full deployment is expected soon. Some snapshots of the new heatmap are below and a complete library of dated entry signals is located here.

 

Forexearlywarning All Day Forex Training Vancouver, British Columbia, Saturday November 12th 2011

Seminar Summary

Forexearlywarning will conduct an all day live forex seminar in Vancouver, British Columbia Saturday, November 12^th , 2011 Seminar hours are 9:00 am to 5:00 pm, with Mark McDonnell of Forexearlywarning.com as presenter.

Agenda

Mark will cover the five major areas of forex study including: support and resistance, parallel and inverse analysis, multiple timeframe analysis, writing a forex trading plans, entry management/money management and additional topics from our 35 lesson training package from Forexearlywarning.com as time allows.

There will also be several interactive sessions where Mark quizzes the audience about many forex topics.

Please note that this seminar will not cover the standard technical indicators used by the forex industry nor will the seminar cover scalping. The Forexearlywarning.com system is totally different and the system works every day to capture pips using swing to position trading across 28 pairs. We focus on total market analysis and exact entry points.

Seminar Location

The seminar will be conducted at the Best Western Abercorn Inn, Vancouver Airport Hotel,  9260 Bridgeport Road, British Columbia Canada V6X 1S1



Link to Location
 
Seminar Registration

The seminar cost is $99 CAD per person and the price includes the Saturday seminar, ice water, coffee and soda throughout the day, lunch buffet, WIFI Internet and electrical connections. There will be classroom style seating for attendees, so bring your laptops. Only 60 seats are available so we expect it to sell out quickly.

The menu for the included lunch on Saturday will be a New York Deli Buffet: fruit salad, potato chips and dip, assorted deli meats and cheeses, assorted breads and rolls, condiments, assorted desserts, coffee, decaf and iced tea.

Payment Instructions

The meeting organizer is Mr. Sam Araki of Tradingmetro.com you can email him at sam@tradingmetro.com for questions as well as Mark Mc Donnell at partners@forexerlywarning.com with any questions about the seminar.

All payments for registration fees should be made through Paypal. Go to the Paypal Website, and click on “Send money”. Send the $99 CAD payment directly to Sam Araki, using their Paypal address of payments@tradingmetro.com and specify $CAD.

Also, at that time, please drop an email to Sam at sam@tradingmetro.com providing your name, address, telephone, and email address. Also let him know if you are paying for more than one attendee with any details. The $99 fee guarantees you a seat.

You will be advised of same early in the week of the seminar via email. Enrollment is on a first come, first serve basis, until sold out, so get your reservations in right away to make sure you aren’t shut out!

Additional Travel and Hotel Information

If you need a room at the Best Western Abercorn Inn Hotel be sure to use the promotional code Forexearlywarning  for the special room rate of $89.95 CAD which includes breakfast.

Pre Seminar Homework

Prior to attending the seminar all attendees should read the six technical papers and five google knols to prepare them for the seminar. Also set up the free trend indicators  from Forexearlywarning.com. This will even out the audience and facilitate Mark's ability to teach at a higher level without having traders in the audience with no knowledge of the system.

Acknowledgements

Mark Mc Donnell wishes to thank Sam Araki of Trading Metro and Mr. Ray Beattie for coordinating this seminar. He is dedicated to helping forex traders in the Vancouver area and give their time and effort to put together this low cost seminar.


Good Trading
Mark Mc Donnell
Forexearlywarning.com
TheForexHeatmap.com

Three Simple Rules To Follow To Become a More Successful Spot Forex Trader

There are some very simple things a forex trader can try to understand that will increase their trading accuracy from the more common 99% failure rate to as high as 90% positive trading accuracy in the matter of a a few weeks with the information in article.

First let’s compare online forex trading with physical currency exchange so we know exactly what happens in a currency transaction.

Just before the Euro currency was formed and online trading of the currency market commenced in about 2003 currency was exchanged in large suitcases with armed guards traveling over large distances to physically exchange currencies cash for cash. These transactions were unleveraged cash transactions by companies doing international trade.

You can still exchange physical currency on a smaller scale. If a US citizen travels to New Zealand for six months they can exchange currency before leaving on the trip. They can exchange US dollars for New Zealand Dollars, once again this is an unleveraged transaction.

If a US citizen exchanges $10,000 US Dollars for New Zealand dollars in an unleveraged transaction, this transaction is comparable to buying one mini lot of the NZD/USD online from a brokerage platform where you put up $100 margin on a 100:1 leveraged transaction, this is $10,000 US Dollars exchanged for New Zealand Dollars. This online transaction is essentially the same as the cash transaction except for the leverage.

If you buy $10,000 US Dollars worth of the New Zealand Dollar there is only one way you will profit from the transaction, this is if the NZD strengthens, or the USD weakens or both, after you make the exchange. There is absolutely, positively nothing else that will influence whether or not you make a profit on the trade. This is true for either type of transaction, direct cash for cash currency exchange or the online trade because these transactions are exactly the same. The logic is exactly the same for any currency pair or any online transaction.

Rule Number 1: All currency traders must learn to understand currency transactions and understanding a cash transaction versus online transaction will tell you that they are exactly the same.

After the currency is exchanged or after the order is placed on your forex brokerage platform, absolutely nothing else will influence the outcome except for the individual currency strength or weakness. Yet, surprisingly, 99% of forex traders do not know this or don’t take this into consideration when they place a currency trade. It is actually quite astounding.

Forex traders, quite simply, don’t know what causes a currency pair to move. If you buy the EUR/USD or NZD/USD or any other pair online all you have available to guide your trade is the useless technical indicators that come with the brokerage platform you have on your computer. Technical indicators may be okay for scalping a few pips but you will lose as often as you make pips, and even the traders that use the indicators are never really sure because all of the other forex traders who use the same indicators use them differently. You can also lose a lot of money this way and almost all traders do.

Rule number 2: Currency pairs only move because one currency is strong and the other is weak or both and that is the only reason, technical indicators don’t measure this. This strength and weakness is how trends form and proceed in the forex.

Technical indicators don’t tell you this and so forex traders fail continuously with no end in sight. Why? ........ because the indicators came with their forex brokerage platform so they presume that they work without questioning them. It’s time to question them and ask for proof, unfortunately you won’t find any. After you exchange currency in a cash transaction before leaving on a long trip overseas you don’t start looking at technical indicators, you look at the exchange rate, that’s it.

Currency traders fail because they do not understand the basic construction of a currency pair either. When a new currency trader looks at the EUR/USD for the first time they view it as a single unit and immediately start to install technical indicators on the pair. They do this because the indicators are on their brokerage platform and easy to access. This is absolutely, completely dead wrong.

The first thing any forex trader must realize is that the EUR/ USD is not one single instrument but it is actually two separate individual currencies. The Euro and the US Dollar are two separate and distinct individual currencies each with its own fundamentals, characteristics, and current trend or direction, and they act independently of each other. These two independent currencies form the pair that is the EUR/USD. It’s like one plus one equals two, you must know what is going on with the Euro all by itself and the USD all by itself to know how to properly assess the EUR/USD. Technical analysis indicators will never tell you this and they are worthless.

As simple as it seems forex traders have always looked at a currency pair as one single unit rather than two separate currencies. They know in the back of their minds that it is always about the strongest versus weakest but they then summarily ignore this fact and everything about their trading begins to unravel and they can’t even papertrade anymore because the “group thinking” of technical analysis takes over.

Rule Number 3: Not recognizing that there are two individual currencies in each pair will automatically kill off almost every forex trader before they ever place their first paper trade. 

Currency pairs are constructed with the base currency on the left and the cross or counter currency on the right. On the EUR/USD the EUR is the base currency. But it is so simple and obvious that new traders never consider it, however this can be immediately fixed.

Each currency pair has two separate currencies that must be analyzed separately. You are buying one currency and selling the other when you make a spot forex trade. There is only one way to make a profitable forex trade. When you make a buy entry the base currency must rise or the counter currency must drop or both and you can make a profit, literally, on every trade and do so consistently starting in the first week you begin to do this.

Technical analysis and expert advisors are for brokers, not traders. Technical analysis does not work and there is no proof whatsoever that it does work on the spot forex. Technical analysis cannot work on a currency pair because technical indicators don’t provide any information about the two individual currencies that make up a pair, nor does technical analysis make any individual currency measurements. Technical analysis is totally deficient and actually pretty awful if you think about it. This is the problem, nobody does think about it and every forex trader seems to ignore the basic fundamentals of currency pair construction.

Forex traders persist in their use of technical analysis and it is to their own risk, peril and eventual demise. Why? Because it’s the self fulfilling prophecy of the forex industry and the use of technical analysis is pushed on forex traders on the trading platforms they use. In this regard brokers are responsible because they give tools to traders that don’t work. Forex traders need to stop kidding themselves about technical analysis, it does not work and we all know it. Wanting it to work is not good enough anymore, not after 7 years of failures.

There are now some simple but novel tools now available to help forex traders be profitable that measure currency strength and weakness, analyze the parallel and inverse forces in the forex market with real time currency correlations that are reliable. Paper trading with these simple techniques can be performed by any trader, even new forex traders and successful paper trades will occur consistently within the first week and going forward for the long term.

These systems can be mastered by almost anyone including people with no forex trading experience. No more useless forex robots or technical indicators that have been forced on forex traders by the industry. Using these simple tools along with a solid trend analysis of the spot forex and most forex traders can begin to make pips consistently and almost daily in a reasonably short period of time.

Good Trading
Mark Mc Donnell
Forexearlywarning
The Forex Heatmap (tm)

DreamHost Deal

Forex Slideshows

Forexearlywarning.com has prepared a series of slideshows to supplement our educational materials. These slideshows are hosted on Flickr.com and Slideshare.net. All of these slideshows can be viewed as slideshows or individual images.

These three slide shows illustrate the training slides for The Forex Heatmap (TM), Version 1, 2, and 3, all excellent information for review and study.

Forex Heatmap Version 1.0 Slideshow
 
Forex Heatmap Version 2.0 Entry Signals

Forex Heatmap Version 3.0 Entry Signals


This slideshow is a supplement to Lesson 18 in our 35 lesson training package, Consolidations, Retracements and Chart Patterns on the spot forex.

Lesson 18 Slideshow

This slideshow is about our free forex trend indicators, more information is available on the homepage of Forexearlywarning.com

Free Trend Indicators Slideshow

This slideshow illustrates examples of currency pair oscillations, this is a supplement to lesson 4 in our 35 lesson training package
 
Lesson 4 Slideshow

Every week in our Wednesday night webinars Forexearlywarning reviews currency pairs, these are the charts we view every week and these charts are updated weekly, bookmark if you attend the webinars.

Wednesday Webinar – Late Webinar

This slideshow illustrates examples of forex support and resistance, this is a supplement to lesson 10  in our 35 lesson training package

Lesson 10 Slideshow

Slideshare Slideshows - We also have a series of slideshows housed on Slideshare.net, see the link below and the slideshows are listed as “presentations” on the top half of page, the “documents” are also listed on the bottom half of the page.

Link to Slideshare Slideshows

Good Forex Studying
Mark Mc Donnell
Forexearlywarning.com
The Forex Heatmap

Local Forex Meeting Groups In Six Cities

Forexearlywarning now has five active local meeting and forex training groups. Each local forex group is led by higher level forex traders who are using our methods. They have local face to face meetings and forex trainings. Forexearlywarning.com  now has has the Toronto Forex Trend Traders, the Dallas/Plano Forex Trend Traders, the Las Vegas Forex Trend Traders, the Metro Detroit Forex Trend Traders, Tristate (New York City Area) Forex Trend Traders, and the Riverside, California Forex Trend Traders.

Here are the links to all five local forex trend trader groups. Contact the leaders of each group to attend their next forex meeting or to get the training agendas. Some of the forex meetup groups individual webpages are on Groupspaces.com and some are on Google Blogger.

Toronto Forex Trend Traders
Dallas/Plano Forex Trend Traders
Las Vegas Forex Trend Traders
Metro Detroit Forex Trend Traders
Tristate Forex Trend Traders 
Riverside Forex Trend Traders

Good Trading
Forexearlywarning
The Forex Heatmap

Hyper Smash
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Summary of Forex Video Resources from Forexearlywarning.com

Here is a summary of all of the forex training videos available from Forexearlywarning. Some of the videos are of high quality, some are of lower quality but all of them are free. We also have a set of professional forex training DVDs shot at the Dallas January 2009 training for only $34.99.

Here are the links to all of the forex video resources:

Here is a link to a short introductory video about The Forex Heatmap (tm) :

Forex Heatmap Youtube Video

Forexearlywarning.com has also produced a set of professionally edited DVDs that are over 3 hours long for only $34.99. These forex videos cover the major points of how we trade the spot forex.

Forexearlywarning.com also conducted an all day seminar in Denver in late summer 2009 and they have been uploaded to Veoh, here is a link to them:

Denver Live Forex Training Videos

Harry Taylor records the Forexearlywarning.com Wednesday night webinars and all 35 associated lessons on youtube videos, these videos are numbered to correspond with the written archives covering the same 35 written forex lessons. They are formatted two ways.

Wednesday Forex Webinar Videos

Wednesday Forex Webinar Videos - Cooliris Format



Good Studying
Mark Mc Donnell
Forexearlywarning
The Forex Heatmap