A Working Mans Forex Position Trading System 2010 – Alan Benefield

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Product Description

So, how does one trade the Forex without having to watch the market all day long?

Alan routinely puts in 55 to 65 hours a week at work yet has great success trading the forex market. How does he do it?

Alan did this by devising his own system by using many of the same tools I discussed in my Big Dog Forex & Trading Course. He applies some of these tools on longer timeframes and designed a truly powerful and simple forex position trading system.

 Alan is an experienced trader who loves the challenge of the markets. Alan has studied and traded the markets including the Forex for many years. Because Alan has a new family, he wanted to keep his day job for the security it provides. At the same time, he wanted to build his trading career gradually and responsibly.

Here’s how Alan accomplished this – in his own words…

“To make trading the forex part-time possible, I began to design my unique position trading system I now call “Daily 3 Stochastic”. After many late nights of intense studying, backtesting and experimentation, I have discovered two amazingly powerful indicators which when combined with classic rules of trading makes a very powerful yet simplistic position trading system.

When I set out to design a system, I had the following objectives in mind:

• 1. Requires only a few minutes a day to find and manage trades
• 2. Easy to implement
• 3. Easy to learn
• 4. Visually oriented method (quick and systematic scanning)
• 5. Uses readily available software and charting tools
• 6. High winning probability

I know these are very challenging objectives and it took me a full year (4 hours a day) of tweaking and back testing. I finally came up with a system that works for me and my schedule.

Using these strategies, I am able to achieve an amazing 75% success rate in my own trading. Furthermore, the system has been backtested to yield over 70-80% winners.

This system is so simple to use that I often find trades right before I head off to work with only a few minutes to spare before rushing out the door.

My Working Man’s Forex Position Trading System has completely changed my life. It has allowed me to participate in the market successfully without quitting my day job. If it can work for me, I know it can do the same for you. If you are thinking of giving up trading because you cannot watch the market, you owe it to yourself to check out this system.

Best regards,
Something else you should know about Alan is that he loves to teach! Alan really enjoys helping fellow traders succeed. As most of you know, Alan recently wrote an article on his system and shared it with the Forexmentor family. The feedback was simply overwhelming! We received many emails from traders wanting to know more about Alan’s system.

It turns out that many of you are in Alan’s situation. You simply cannot watch the market all day long but still want to profit from the Forex. Many asked if Alan could create a video course so that others would benefit from his system and his research.

Alan accepted the challenge and after 3 months, he and the Forexmentor team finally put the finishing touches to this long awaited course. It is now available immediately to all Forexmentor members.

So to summarize, Alan’s Daily 3 Stochastic Position Trading system is a set of highly visual trading strategies that take only a few minutes a day to implement. You can quickly scan the currency pairs, perform the necessary trade management and get on with your life! You do not have to be an advanced trader to put these strategies to work. In fact, traders of any skill level can learn this simple system in matter of a few hours.

To make it even easier, Alan has agreed to publish bonus video examples to show you how he applies these concepts in real market conditions. These videos will be available to all course purchasers on a regular basis. Thanks Alan!

By the way… Alan assures me that you will not require expensive software or charts to learn and apply this Position Trading System. The tools and charting software required to implement these strategies are readily available on the internet at no cost. Alan has numerous video tutorials that will show you step-by-step how to setup and use these tools and implement the system in matter of hours! (See samples below)

So here’s what you will learn in this comprehensive course…

• To see trade setups at first glance of a chart
• Take only a few minutes a day to use this system
• Learn how to use Multiple Moving Averages in position trading
• A quick way to use the Daily chart with the weekly chart
• Know when to stay out of high risk trades
• Know when price action is likely to change directions
• Step by step advanced chart setup
• A trade step guide to help you nail good trades
• Learn how to spot a trending or non trending market at first glance
• Detailed Advanced application of the Daily 3 Stochastic System
• 2 hours+ of video instruction
• Bonus: a 25 page implementation guide

plus much more…

This course was developed to accommodate a wide range of experience levels, including the more novice traders. All concepts explained carefully with this in mind.

BONUS OFFER

Course subscribers will receive regular trading example videos will to demonstrate how to apply these Forex Position Trading techniques. Get these video analysis at no cost for one year. Alan will scan all the major pairs regularly to illustrate the Daily 3 Stochastic concepts. You will be amazed how well this system works!

is being made available at a cost of $299. But for a limited time, Forexmentor members are able to own it for 1/3 off at $198 (online version) or $249 (for both the online version & CD version).

This comprehensive Position Trading System

You will be able to access the course online shortly after your account has been activated (no shipping cost and delay for the online version). You will have access to the course and all updates for 12 months. But you must act now to as this price will not last long!

Whether you wish to keep your day job or simply seeking a more balanced approach to your trading, you need to check out this course. According to Alan, “The techniques of Daily 3 Stochastic has allowed me to gradually build up my account while keeping the security of a full time job and spending time with my family. I hope it can do the same for you“.

FULL COURSE CONTENT

• 1. A Working Man’s Introduction (5:56)
• 2. Daily 3 Stochastic System Introduction (3:31)
• 3. Charts and templates (6:20)
• 4. Chart Setup 89, 144, 200 EMAs (4:00)
• 5. Chart Setup GMMAs (6:49)
• 6. Chart Setup Stochastic Oscillator (4:23)
• 7. Chart Setup SMI Daily, Weekly (7:02)
• 8. Chart Setup RSI, MACD (6:54)
• 9. What is Angle and Separation (4:34)
• 10. Guppy Multiple Moving Average (6:35)
• 11. GMMA Trending Non Trending Market (6:24)
• 12. The 89, 144, and 200 EMAs (3:36)
• 13. The Stochastic Oscillator (6:36)
• 14. Stochastic Momentum Index (4:41)
• 15. SMI Daily and SMI Weekly (4:27)
• 16. Overbought Oversold SMI Levels (2:04)
• 17. Confirming Indicators RSI, MACD (2:37)
• 18. Exit Signals (4:15)
• 19. System Rules and Trade Steps (5:20)
• 20. Example Trade Using The Guide (4:31)
• 21. Test One (2:00)
• 22. Test Two (2:11)
• 23. Test Three (1:12)
• 24. Test Four (2:27)
• 25. Test Five (2:20)
• 26. Final Word (2:12)

Total: 112 Minutes

Forex & Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.

In a free economy, a country’s currency is valued according to the laws of supply and demand.

In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.

A country’s currency value may also be set by the country’s government.

However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.