NickB's Forex Education Blog

Hey Guys,

Just wanted to let you know that we updated the Forex clock. It now is (as far as I can tell) the best Forex clock on the internet. It gives you even more information than before. The clock automatically detects your computers time and uses it to tell you at exactly what time each session closes in your timezone. Check out the changes now and enjoy.

Please make sure you have your computers clock set correctly. On windows the computer clock is usually on the bottom right corner of your screen and you can change the setting from there.

Hey guys,

Here is this weeks weekly analysis. Not many lines this week but remember that reversal trades are always there each and every week. So if you haven’t please read the free e-Book linked to below and learn how I trade my reversal candles.

Please sign my official petition to stop Forex leverage in the US being brought down to 10:1 more info in the video. Link opens in new window.

Do not take any of these trades unless you have downloaded and read the NEW 2010 editionfree e-Book explaining my method.

 

 Flash Video: Play Now | Play in Popup | Download

Hey Guys,

What a crazy week. I hope everybody made pips on G/Y I had 3 winners and 1 loser I explain them all in the video below. Comment on this post and let me know how you did.

 

 Flash Video: Play Now | Play in Popup | Download

Hey Guys,

Here is this weeks weekly analysis. Have a good trading week!

You may ask why the 150.00 is not a scalp line this week. Well it is and it isn’t. The level seems to be very strong so trading it as a normal scalp line might be tough. I am not planning on trading it right now but I might change my mind if the when the price reaches the 150.00. Unless you have some experience under your belt I suggest you stay away from this line. It does not look like it will be a simple trade.

Do not take any of these trades unless you have downloaded and read the NEW 2010 editionfree e-Book explaining my method.

 

 GBPJPY Weekly Analysis: Play Now | Play in Popup | Download

Enjoy this post? Then leave a comment and say thanks!

Hey Guys,

Holidays are over and the weekly analysis is back. I hope you all had an great holiday break!

I also hope you guys did not follow my silly decion not to trade in December because it was an awesome month to trade. I never really trade December as most years it is a boring month. However, this year there was a lot of pips up for grabs so I hope you got some of them. Anyway, let’s get on to the important stuff the weekly analysis.

Do not take any of these trades unless you have downloaded and read the NEW 2010 editionfree e-Book explaining my method.

 

 Flash Video: Play Now | Play in Popup | Download

Enjoy this post? Then leave a comment and say thanks!

In light of recent blog comments and emails, it has come to my attention that a number of people are not aware of the fuction of forex4noobs. For this reason I have asked my team to write a mission statement. This should clear up many of the recent questions. It should also help everybody better understanding the purpose of Forex4Noobs.

You can view the mission statement here.

Hey Guys,

First off I want to say to all of you who entered. Thanks, that was almost 400 entries! It took ages to get through them all.

There has been a little bit of complaint over the price of the next course. So as a thank you to everybody who entered I am going to give a special pre-release offer on the course. The course is scheduled to be released February 28th 2010 (less than 2 months from now).

(OFFER CLOSED)

How This Will Work

When you get the course at the pre-release price. You will get instant access. Over the next two months I will be adding videos to the new course. There will be at least 1hr added each week to the course. So if you get it on pre-release you don’t have to wait 2 months for the course! It will slowly be built up over the next 2 months. The first hour is being added this week so you will already have access to the first hour of videos.

The course will only be available at this price for about a week. The only reason I am doing this is because of the high demand for a lower price. Hopefully this will make all you guys who wanted a bit of a discount happy.

Hey Guys,

Time to pick the winners. Sorry this is a little late a lot of stragglers sent applications in late and I wanted to read them all. Ok so lets do this.

PulsarFx
Nick I am an Astrologist give me the course and the next planet I discover will be named after you.

I love astrology and physics. I have a stack 15 books high on string theory, black holes, higher dimensions and astronomy. I know PulsarFx is not going to actually name a planet after me but it is a cool thought and I have massive respect for his field of work.

EDIT: I got some email’s saying astrology and astronomy are different…… of course they are that was the joke!

Danno1290
I have a 20 year old car, I am balding and I am unmarried. Pathetic is an understatement I need something to give my live value.

I just feel sorry for this guy. He definitely does need some help.

Dream-Caster
If I do not make cash soon I cannot buy my wife shoes. My wife gets very mad when she doesn’t get new shoes. Please don’t let her beat me up Nick.

This one made me laugh…….

Greg McKINLAY
Pensioned out of Police after 21yrs because of MS, pension lump sum gone on necessities. Need to make some money!

MS is a horrible disease. I have actually done some tests myself as I was afraid I might have it. So far it all looks good and I do not fall in any of the risk factors. But if was very freighting going in for the tests.

Bkaze
I need to break free. I sit at work day dreaming about blowing up my workplace (when my colleagues aren’t there) well maybe my boss is working late KABOOM!

Bkaze when i first met my girlfriend she said the exact same thing. Apart from it being hilarious I am sure heaps of people here can sympathize.

NeilA
A PA fur me (Chorus)
(Repeat Chorus)
If I don’t have PA
Its nae use to me
So gees a break and
Copy me
THEN I will have PA
(Repeat Chorus)

I guess you have to either be Scottish or live in Scotland for this gibberish to make any sense. It made me laugh. It is scary that having lived here in Scotland since April I can actually translate that stuff! Plus I heard NeilA is a Micheline Star rated chef…… now he owes me some I get great food FREE for life (I hope)!

Doc
Counting on Nick to help me get over the idea that 4x (XXXX) isn’t porn, judging from the screwin’ I’ve been getting from other systems…PLEEZE be FREE -1 TIME!!! *_*

Hahahahaha….. ok!

Adiranna
I……alone…….surrounded by the evil twins AUD – NZD and the samourai YEN…….tracked by the Cable, the Fiber and their Cross pairs…….how to fight these beasts…..?…….NICK VIDEO !!!!!!

Great imagery in just 30 words. I loved this entry.

Jerrad
Want to become rich and famous so I can be a ‘Star in a Reasonably Priced Car’ on Top gear.

Love Top Gear but you probably already knew that hence the reference. I doubt Forex will get you on the show but hey why shouldn’t I support your dream.

Jurne
09 was really funny,
coz i lost all my monies,
New Year New Resolution,
NickB’s video is my solution.

Love it.

Ok guys that pretty much takes care of the 10 winners! It was tough going through the almost 400 entries and picking just 10 so I hop you guys are happy with my picks. Now on to another issue.

There has been a lot of talk about this new course being too expensive at $479.99!

I find it hard to agree since the previous one was 4 hours long and cost $250 when released. This one will be longer than 8 hours in the end so I think it is worth it.

However, many of you guys still think it is too pricey. So I am prepared to make a special offer to all you blog readers (if you want it)…..

How does a $120 discount sound? So the price will be $359.99 instead!

If that sounds good and you want the discount I will put the course on pre-sale for a week or two and that discounted price.

Let me know if you guys want to buy the course on pre-sale at that discount so I can set it up. I am asking since I am not sure if anybody will want to buy it 2 months before it is actually released.

This course will have a 60 day money back guarantee. Even if you buy it on pre-sale your money back guarantee wont start until the course is released. So you will be protected if the course doesn’t work for you or you just don’t like it.

With this pre-sale course you get a huge $120 saving and you will get first access to the coruse when it is released towards the end of February.

Hey Guys,

I am going to give stragglers a chance to enter so I will announce the 10 winners for a free copy at about 6pm-7pm US EST tonight.

Since I will be selling this I want to make sure everybody is happy with it. So I am releasing a fully detailed list in which I break down what will be in this course. The idea is to let me know if you’re happy with this or if you want more added. So here goes.

This new course will be HUGE and it will introduce several elements of my trading that are new. I have finally decided that I should introduce trend lines. Specifically trend line bounces and how they can be used in conjunction with candle patterns to makes heaps of pips. Also chart patterns and how to use them to make pips. This course will be big. I am going to try my best to pack it all into 8 hours of video. Let’s take a look at the structure of the course and you can tell me if you’re happy with it.

Basics

To be honest, this section will be very short and will go over what most of you have already learned in the free e-Books. However, it has to be included as I want this course to go from the very basics to the advanced stuff. Even if you know the basics you should go over this section. I have already recorded this section and it is roughly 1 hour long. Below are the headings for this section. I will not bother explaining them as they’re pretty self explanatory.

1. What Candlestick Analysis Is
2. Uses of Candlestick Analysis
3. Why it Works
4. How to View The Markets (Bulls vs Bears)
5. Transitions of Power

Intermediate

1. Spotting Indecision Candles and Grouping Patterns
This is where it gets interesting. Here I describe exactly what an indecision candle is and the best types of indecision candles and grouping patterns. You may have read this stuff before but in the course I plan to take this to another level.

2. Advanced Candle Reading
How do you know when a reversal is a reversal? This is the first step to having a full understanding of candle patterns.

3. Higher highs/lower lows.
This term is thrown around a lot and it seems very basic. Well it isn’t! Here I explain in a lot of detail how to benefit from spotting higher highs or lower lows. A lot of the times understanding this turns a 50 pip trade into a 100 pip trade for me. Or turns a trade in which I could have lost 70 pips into a break even trade.

4. Extending Good Trades and Closing Bad Trades Early.
Here I talk about how to use what you have learned so far to improve your overall trading.

One of the most commonly spouted lines in Forex is “let your good trades run and close your bad trades early…….” Everybody says it but nobody explains how. Well I do.

I explain in detail how to recognize a good trade and STAY IN THE MARKET. And how to recognize a bad trade and run for the hills. This is the first major step towards becoming a very profitable trader.

Advanced

1. Trading Reversal Trades
The basic reversal trade forms randomly on a chart. If traded right it can be a consistent winner.  I explain how to spot reversals and more importantly CONFIRM reversals. This is explained in extreme detail with plenty of examples on real charts.

2. Trading Ugly Reversals
Not all reversals are beautiful. I explain how to spot reversals most traders miss and how to successfully trade them.

Super Advanced (This Will Blow your Mind)

1. Placing GOOD trend lines and S+R Lines
Ok, placing trend lines and S+R lines is not exactly mind blowing. However, it leads to the mind blowing stuff.

2. Trading Trend Line Bounces
This is where it gets really interesting. Here I combine everything you learned about candles and I explain how to use them to trade trend line bounces. This will be mind blowing.

3. Trading S+R Bounces
This is even more astounding. How to trade S+R line bounces is explained. This is some very advanced stuff I have never discussed before. It pretty much involves using everything together.

Advanced price action analysis + Candle patterns + Support and Resistance = PIPS!

4. Spotting Great Chart Patterns
Again it is not mind blowing but it leads directly to the mind blowing stuff.

5. Putting It All Together
This is what it is all about. Using all those forms of analysis together. Here you will learn how to trade bounces, continuations and breaks. This is what price action analysis is all about and this is the most important section.

Live Trade Videos

I plan to shoot several hours of live trade videos over the coming 2 months. I want to have at least 20 live trades for you to see. In the end, I want to have roughly 8 hours or so of live trade videos. However, I cannot do this in the 2 month deadline for the course release. I plan to have at least 2-4 hours of live trade videos by then. I will add more as time progresses.

Bonus

Master Candles
As a bit of an extra I will discuss master candles in detail.