At i Markets Live we have just come off a successful trade. 

How was this achieved?

The Traders considered the charts, and detected a trend against the flow of other trades.  They estimated that this particular downward trend had bottomed and instigated a long trade.  As the value of the AUD rose in relation to the USD the traders moved in and placed a stop below the starting price so that if the currency dipped the margin was there to create a profit for everyone.

The guys made a plan, and they executed the trade to that plan. 
Such is the professionalism of the Expert Traders from IML.

There was no guesswork involved.  If your guessing your gambling.
You should be able to answer these questions in relation to each trade, if you can, then you are not guessing, and it is not gambling  >>>

  1. Why did you take that particular trade?
  2. What are your risk parameters?
  3. What are your entry and exit criteria?
  4. What trend are you playing and
  5. How did that fall into your overall Trading Plan.

Trading is about having structure and discipline and being in control of your feelings.  To consider a successful trade as being lucky is not the best mind set to have, and immediately you are setting yourself up to trade as a gambler.  What happens when  you are in gambler mode is when you are not successful with a trade, you start to take risks to catch up the "lost money" and that is a sure fire way to unsuccessful trading.

You are no longer dispassionate and you have attached emotion to the money not the trade
It is natural to be elated with a successful trade, and disappoointed when your chosen trade is unsuccessful, however the psychology behind it is what is important.  Attach your emotions to the Trade and not the monetry reward. 

Read and learn all you can from the Expert Traders.  When you can look at the charts and the patterns, trades and trends jump out at you, you can confidently then move into trading as a profession.  Don't try to run before you can walk and you just may become part of the 1% of
very successful traders and not part of the 90 % who fail.

Develop a successful and serious mindset in relation to your trading and while you can't predict the future of the markets, you can confidently reduce your risk factors.

Put your heart and soul into your Trading business, but always trade with your head.

Forex Trading is short for Foreign Exchange Trading and revolves around the buying and selling of International Currencies.

Common currency pairs which is how one trades in Forex are >>>

USDollar paired with the British Pound        USDGBP
USDollar paired with the Australian Dollar    USDAUD
USDollar paired with the Japanese Yen        USDJPY
USDollar paired with the Canadian Dollar    USDCAD
EURO paired with the USDollar                     EURUSD
USDollar paired with the Swiss Franc          USDCHF
There are many other pairings, however in IML these are the main ones used in Trading and Training.  Essentially traders are looking to compare the value of one currency to the other in the pairing.  With careful reading of the charts and being aware of world trends it is possible to predict with accuracy most of the time.  Of course there will be losses, however, when you are aware of what is happening it is possible to minimize any losses that may occur.

The Forex Market operates 24/5 around the world with trades being done via a broker.  Trillions of dollars are traded daily all around the world.


Where does IML fit into the equation?

Christopher Terry (pictured above) is the CEO of IML, and he has put together an exciting programme that joins together MLM (Multi Level Marketing) and Forex Trading in such a way as to :-

  • Provide a signal to every member who is on-line that will either alert the member that a trade is underway and they are able to manually make and control that trade OR if you are not ready to trade for yourself or are away from your computer, the trade will be made on your behalf, as long as you are connected.
  • Sharing the opportunity with others is intended to provide you with an income to live while you learn and also to provide funds to trade.
  • There are many amazing benefits to joining early before the launch (September 18th).  It will also put you in a good place to take advantage of the company filled matrix.  Do take time to listen to the Hangout below where everything is explained by Chris Terry and other leaders in IML.
  • 24hour training is provided in many ways, but the most exciting is the Live Trading Room where you get the chance to look over the shoulder of the Expert Traders and watch how they arrive at the decisions they make.  If you have a question the trader will answer you right away in the room.  Explanations are given throughout each session, and Christopher provides a daily video of the charts with an explanation of what the expert traders will be watching throughout the day.

PictureThis chart is the USD/AUD 1 minute chart.
The Reserve Bank of Australia has cut the official interest rate by 25 basis points to a historic low of 2.5 per cent.

The decision is in line with analyst expectations.

The AUD (Australian Dollar) is once more on the rise.

This chart is the hourly chart for the AUD/USD   -  3.20pm Australian time on the 6th August.