Hey guys,

I'm a full-time trader since 2004, but I've been learning and practicing since early 2002. I only trade FOREX and sometimes Gold. In my opinion forex trading beats stock trading because the forex market has more liquidity, you don't have to wait too much for the next perfect setup to appear and since you have a limited number of currency pairs you can actually get to know the pairs that you are trading, their personality and moving patterns.

It is said that 90-95% of forex traders fail within their first year of trading.
This was a very small fun trading contest with just 100 entrants. I came in first place, 7 others have managed to show make good profits, 4 haven't touched their accounts and the rest of the traders showed huge losses.

I have some free time on my hands lately, I'm very passionate about trading so I thought I should take a few more students for a couple of months. I'm offering coaching sessions using skype + teamviewer. There are no specific time limits per session. One session can be 1 to 4 hours long depending on the subjects we are discussing and how well you are understanding the information. I also offer almost unlimited e-mail support (within reason) for basic questions in-between the sessions.

I will teach you exactly how I trade price action patterns (bars configurations), several standard chart patterns, support and resistance, exactly how I define trends on any time-frame and how I trade trends and trend reversal with high success rate. Yes, I know, most of the information, the "standard theory" is available for free on the internet. I can teach you how to view, understand and use this theory (and some of my theories) correctly so that you won't be in the 95% that fail. I don't use any special indicators or EA's, I actually trade based on the price movements.

This coaching offering is intended for people who are looking to be put in the correct direction. You will receive many simple yet extremely practical and immediately applicable ideas of what you should be looking for and how it should be traded. And continued explanations, answers to your questions, and charts with analysis until you get it right.

Before the first skype+teamviewer session, you have to read www.babypips.com website for the most basic ideas about trading.
After that I will send you a pack of 80-90 charts at first, with clear explanations, analysis on them and several 'lessons' included. The charts and theory package is like the first session and a half since it includes all the information you need to know to be profitable if you have patience. You go through them, watch a few hours on the charts yourself and then the skype+teamviewer sessions can begin to explain in more details the stuff I watch out for.

The basic pricelist:
€150 for the initial charts plus theory package.
€100 per session (skype+teamviewer). In general you will need at least 3-5 sessions. Session can be 1-2 weeks to allow you to process the information better.
Free e-mail support in-between for most questions.
I also offer all my technical analysis and trades that I take for €100 a month.

Prices can be negotiated in some situations, like getting 4 sessions upfront for the price of 3. The preferred payment methods are paypal, moneybookers or wire transfer for bigger payments.

My recent charts with trades I made (prev - next to browse through charts):
http://img203.imageshack.us/i/gold21stjanuary.gif/

I can provide a couple of references if needed. If you are interested or have any questions, feel free to PM me.

Regards,
Damien

Do you accept site transfers?

You say 3-5 sessions that could be 1-2 weeks each, and said 1-4 hours depending on topic matter up top. Could you clear that up more? What the sessions entail and actual format. How long before someone could be competent? Timeline of different teachings/methods etc?

I see you posted the link, is there anything else you can show us to prove you are qualified to charge ppl for coaching on an area such as this?

I could probably take transfers on Fulltiltpoker. I will get back to you on that one.

From previous experience it depends a lot on each student. If you are dedicated, I think you should consider at least 2 months to learn the information and at the same time trade accordingly to what you learn on a demo account. After that it just depends on how long you reach an acceptable consistency level on a demo account before you go Live trading. I have had students go live after 5 months of learning and demo trading and they never looked back. At the same time, I had a lot of students who strayed away into complicated indicator based systems or plain silly ideas and they haven't reached a consistent level of trading, ever.

I don't teach extremely complicated things, quite the contrary I believe. After you learn it you just need patience until patterns develop on the charts and you can then take the trade.

During the actual sessions we analyze the charts, possible trades, how certain situations should be traded, when you have to trade, when you have to stay out of the market. Practical things. We analyze as many charts as we can during the sessions. After all understanding how to correctly apply the analysis on the charts will make all the difference in the world. The theoretical part is carried out mostly via e-mail, since you will probably have a lot of questions during the process, and it good to have them in text format so you can come back to them in the future.

I should have mentioned that I don't teach intraday methods. Most of the trading is done on the 4hour and Daily charts, so according to my methods I don't get more then 1-2 setups each week for each currency pair, sometimes less if nothing interesting happens.

I am very private when it comes to my own account trading. I have been asked to provide a live example account for my students to follow live trading done following my methods and that will be up and running shortly for those who will also take on my monthly trades and analysis package. You can also look up some of my posts in the Business, Finance and Investing thread. I've made some trade calls there, plus you can see how my analysis looks like (simple, extremely practical and efficient).

We can continue via PM or e-mail if you would like.

Regards,
Damien

I have verified (also with deposits) poker accounts at Cake, FTP and Stars. I rarely play and never taken a transfer before. If you transfer me do I have to log in an amount of hands before I can move the funds again for example?

Regards,
Damien

Do you have audited brokerage reports available for viewing?

As far as I know, Cake and FTP do not have restrictions on transferring, though cake is harder to get money cashed out. For your sake, I would recommend against receiving on cake ever. Pokerstars has certain size limits, and when cashing money off there is a small requirement i believe, but in moderation they aren't very restrictive. Pstars is the most in demand form though so you could easily trade PS money for other sites funds. Pokerstars is also very legitimate as far as cashing out and support.

I am curious, what type of bankroll dedicated to FOREX trading you would estimate someone would need to do well once they learned the things you have to teach(your students)? A range would also be helpful if its not that simple, from beginners to more experienced investors. Could you estimate how much money we would pay you to learn the all the necessary information(you mentioned after 5 months or so, someone would be possibly competent, how much of your time would that include)? Would you be willing to put together a larger package with some discounting that would be mostly all inclusive?

I will probably PM you and talk some things over but I believe either way, some discussion in this thread would help others who are considering this, see what you have to offer and hopefully increase interest in your services. Thanks for your time.

I just mentioned that I don't give that out. You can just wait for the live public account for students, but even that will carry a monthly subscription for access.

I know I have put myself under potential crossfire from some of the traders, because most traders have different ideas on how learning, trading and even mentoring should be carried out. I have my own ideas and sets of rules as well and I am sticking to them. Considering the price and the way the coaching will be done I think this offer has great value for both people who are completely new and want to learn and for those who already know something about trading but want to improve.

Regards,
Damien

I don't know much about trading anything but it seems hard to track your success if you are not releasing the information that would be used to assess that. Do you have any references on 2p2 or ways we would know how successful you are?

Thanks for the information about transfers.

After you prove yourself profitable for several months on a demo account, you should have at least several thousands ready for a live account. I would suggest a minimum of $5,000 to $10,000. There are many people starting with a lot less, but it's like playing micro poker below certain levels - it's not worth the time and effort put in, and it takes a long while to grow the balance to serious amounts.

My minimum coaching efforts usually cost a minimum of €500 (initial package plus several sessions). After that I offer serious discounts/offers for continuation of study with me or just for trading along side with me.

I can provide a couple of references for past/current students and a couple for clients I used to trade. If anyone is really serious I will provide them without any problems. But I won't subject my contacts to questions from anyone at all, just for the sake of it.

Regards,
Damien

What kind of returns does forex trading afford? Like let's say I had a 10k account to start. What could I expect to make the first year... 2nd year... etc... assuming I was reasonably dedicated and had been trained by you/was still being trained.

Considering a $10k account, trading very conservative with small positions* you can expect to make anywhere from 75%-100% upwards profit per year.

*smallest position available on a standard account is 0.1 lot. This equals to ~$1 per pip (point) of movement. Trading with stop losses of 100-200 points, this means 1-2% risk per trade, with at least 100-200 profit target per trade. This is conservative trading.

This year so far I managed to catch +4000 pips trading by my rules. Most of it is shown in the charts, because there were huge movements following the initial signals I had (they were clear as day). A very conservative trader probably would have traded just half the number of currency pairs I do, so he would have made 2000 pips or 20% profit so far.

Please do consider that other months are not as active as what we have seen recently on the forex market. Results vary monthly depending on market conditions! Sometimes the market is quiet for 2-3 weeks and nothing happens, and then it breaks out and we get trades that (most of the time) recover the "dead" period.

What broker/platform do you use/recommend? how wide are the spreads? How are carry charges handled?

Guys, forex is not for the faint of heart. Margin can be a killer, and the taxes are a nightmare. Charts and momentum are fine and dandy, but you're picking up dimes in front of a steamroller. Who is leaving all those dimes around and what is the risk of picking them up....Sure stop losses help, but the market can gap right through on a major news event.

Op may be legit, but caveat emptor.

fxpro.com , alpari.co.uk , oanda.com , migfx.com are all very good brokers. Spreads are 0.5-2 points on EUR/USD, 2-4 on GBP/USD, you can search for the rest of the spreads on any of these websites. Overnight interest is mentioned as well.

I am not a scalper (I don't take tens/hundreds of positions) and I don't trade intraday. But I also don't hold positions for more then a few days, a week at most when the market is trending. Because I target big moves in the market (at least 100-200 pips) the spread is irrelevant when combined with a low frequency of trades and high success rate. That also makes the overnight interest (carry charges) irrelevant as well.

The market does gap from time to time, but most of the time it gaps in the direction of the trend. And as I am used to being in the right direction most of the time (following the rules the best way I can), I usually profit from the gaps. Also the forex market gaps less often then other market because it is extremely liquid, with trillions traded 24h/5.5 days a week.

I don't plan on taking a lot of students. I just have a lot of free time on my hands. I just had leg surgery last week and I want to fill the time the best way I can until I get better. So I have at least a couple of months when I can dedicate a lot of hours to coaching.

How much time is required weekly to make the trades and do the research?

I don't do research outside watching and analyzing the charts.

If you don't have a lot of time you can stick to the Daily charts, watch them for 30 minutes at the end of each day searching for your patterns. If you have more time you have to spend at least 2 hours daily searching for possible trades on 2-4 pairs on the 4hour chart. This would also require you check the charts at least twice a day.

While you are learning you should dedicate as many hours as you can watching the charts to get the feel for the market and the movements, and to backtest your trading plan on the history. This is a must! After you begin to understand the ideas properly you can dramatically reduce the time spent watching charts.