Forex Technical Analysis with Top Dog Trading

Top Dog Trading Review

One of the most significant problems facing newcomers to the Forex market, is the thought that it is easy. This perception is very costly, I know, because we fell into the same trap and it cost us a more than we care to remember.

It doesn’t matter how you start Forex trading, you need to have some sort of core understanding of what is going on. There are a bunch of factors that have an impact 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 been the difference in us going out backwards until there was nothing left, to now, where most or our trades are highly profitable.

Yes there is a heap of teaching material out there, much is excessively over priced for what they offer. All too often, important advice on ways to double check your strategies is left out and the training is focused on only one market. If a trading system can be used in virtually any market, Forex, Options, Futures, Commodities etc, I firmly believe it has to provide 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, get 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 allow you to grab some profits while you are learning.

Learn Forex Trading: Top Dog Trading Review

Top Dog Trading Review

FREE 5 Day Video Trading Course

When I started trading Forex markets, I knew that fundamental analysis was not for me, but reading charts and their patterns was something I was much more comfortable with. Google ‘Technical Analysis’ on the web and you will be inundated with options, but after much reading I discovered Top Dog Trading.

What helped my decision to take this course to learn Forex trading?…. A number of things besides the overwhelming need to improve my trading and to halt my run of losing trades; was that I had a good feel for what Dr Barry Burns was imparting on his website and much or the instruction is reinforced on plenty of videos which makes it much easier to follow his chart interpretations. The other essential criteria for me is the experience of the teacher and creator of the teaching materials. Barry’s CV is superb, a business man who treats trading as a business, he is also a highly regarded speaker and writer.

So I signed up for his free 5 video course to see if I could learn from his teaching style.

Before this, I had completed several other courses on technical analysis relating to Forex trading but cannot say that I really gained the understanding of trading that would help me trade successfully, all this changed once I came across Dr Barry Burns, now I am comfortable with the trading strategies I have learnt.

Having completed Barry’s courses I have not only fully comprehended how to trade his methods but also developed a far deeper knowledge of the Forex market & the charts and probably more importantly the money management and personal attitudes that are so intrinsic to becoming a professional Forex trader.

In his courses Barry explains the analysis rules simply and clearly, then gives upto date chart examples with all their confounding moves showing how to apply the rules for positive trades. This is all explained via a vast selection of videos.

Provided you follow the principals Barry explores, you will end up with a good ratio of winning trades with tight control on the losses, so when one does a trade that goes against you (which even the best traders do) the hurt is not too severe.

Barry’s courses are the best Forex trading courses that I have found and I would highly recommend that you give his FREE course a try. This tutorial has 5 videos that ease you into some of the most powerful trading material I’ve ever seen.

I have completed the course, loved it, and gained a vast amount from it and have moved to Barry’s more advanced courses. My wish to learn Forex trading will never again produce the losses of the past.

Explore the Free 5 Day Video Trading Course for yourself:

Learning to trade Forex?

Top Dog Trading Review

Free 5 Day Video Trading Course

One of the most often encountered problems facing newcomers to the Forex market, is the feeling that it is straight forward. This perception can be very expensive, I know, because we fell foul of it ourselves and it lost us a large share of our account.

It doesn’t matter how you approach Forex trading, you need to have some sort of core understanding of what is going on. There are a variety of factors that have an impact the market, and having an understanding of what they are and how they may influence the charts, will help you make educated decisions about your trading strategies.

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 teaching material out there, much is excessively over priced for what they offer. All too often, important advice on ways to double check your strategies is left out and the training is focused on only one market. If a trading system can be used in virtually any market, Forex, Options, Futures, Commodities etc, I firmly believe it has to offer a very comprehensive understanding of market dynamics.

I suppose what you have to consider, is should you try trading before you have even a basic knowledge of what Forex is all about, or do you get some core 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 reduce 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.

Risk and Your Forex Trading Style

The most critical part of any style of investing, is knowing what your risk tolerance is. Without a good understanding of this, the chances of you loosing everything are very high. Each type of Forex trade carries its own risk parameters and these will closely relate to your risk tolerance. Then there is your trading approach, conservative, moderate, and aggressive.

 At the beginning you may decide to trade a day chart. The pip movement over a day can be 100’s of pips, so when you determine your stop position you have to assess what your drawdown limits are. If your money management is set at a 3% funds exposure, you will get into problems on day charts unless your account is significant.

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

 Yes, we all want increase our wealth from out trades, but exposing ones account to large stop positions and large draw-downs is going to burn out your account and trading career very quickly.

 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 wrong trades and your account has vanished!

 An aggressive trader is willing to take riskier trades that a conservative trader. Their tendency is to expose larger amounts of money in riskier trades with the hope of grabbing bigger profits – often over extended trading time frames but they may still use the similar strategies for shorter times as well. Very much the ‘out in a blaze of glory’ trader.

 So where do you consider your trading style to be? Are you a level headed trader with correct money management and risk rates, or a trader that will take high risks for big pips? If you are the latter, you will not be trading for long, that’s a guarantee.

 If any of this leaves you a bit bewildered, you need to gain some knowledge, so commence 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