Hi, I’m Sam Eder.
I’ve been trading since 2008.
In this course, I’m going to share everything I’ve learnt to help you become a confident, consistent, and winning trader.
I initially learnt to trade by studying a series of books by Jack Schwager. The first in the series is called ‘Market Wizards: Interviews with Top Traders.’
Then in 2009, I was fortunate enough to meet the famous Dr Van K. Tharp in Sydney, where I attended his training course.
He was featured in the first ‘Market Wizards’ book, as a renowned trading psychologist who specialised in the psychology of winning.
This meeting changed the game for me.
Following our meeting, Dr Tharp was kind enough to publish some of my articles in his weekly newsletter, Tharp’s Thoughts Weekly Newsletter‘ and to allow me to use his concepts in this course.
Dr Tharp regrettably passed away in 2022, and I’m forever grateful for his teachings.
As you can imagine, The Advanced Forex Course for Smart Traders 2.0′ is heavily influenced by his ideas and those of the ‘Market Wizards’ whom I studied.
Rules-based trading
By the end of this course, my goal is for you to have an uncomplicated set of rules that you can use to place trades.
This is a ‘rules-based’ approach to trading.
One of Dr Tharp’s core ideas was that 90% of successful traders had a rules-based approach to trading.
Later, I’ll share with you the exact details of my trading rules, so you can see for yourself what you can learn by completing this course.
The course is broken up into four sections across 17 lessons.
Section #1: Build Solid Foundations
In the first section, you will build a solid foundation for your trading.
Here you will learn:
- What I learnt from my Master’s Thesis about the mindset of top traders
- Core trading concepts such as R-multiples and basic probability
- How to identify the market type so you can trade the correct strategy for each market type
Section #2: Create a Winning Trading Strategy
In this second section, I’ll take you through how to build your trading system step-by-step.
You’ll learn:
- How to set objectives for your trading system based on your own personal goals
- How to use position-sizing to achieve your objectives
- How to analyse the markets to find trading opportunities
- How to time your entry to improve your risk/reward profile
- Where to place your stop-losses to minimise loss
- When to exit your trades with a profit
Section #3: Test. Trade. Improve. Repeat
In this third section, I’ll take you through live-trading your strategy
You’ll learn:
- How to write a rule-based trading plan and test it (without using code)
- Practical tactics for live trading
- How to monitor and improve your trading performance
- How to run your trading like a business
Section #4: Master Your Trader Mindset
In the final section, you’ll learn about the mental side of trading.
I’ll cover:
- Insights into the mindset of master traders, based on my studies of the world’s greatest traders
- How to make changes to your psychology (if you are stuck)
- Mental techniques used to eliminate mistakes and trade in the zone
- A list of daily tasks to ensure consistent trading performance
My first version of ‘The Advanced Forex Course for Smart Traders’ has had well over 43,000 traders go through it (which blows my mind!)
While I have kept the core concepts in place, Version 2.0 has been heavily rewritten to update it and improve its clarity.
I’ve also simplified the lessons to focus on the most important aspects.
Everything in the course is based on my trading experience using the principles I learned from the ‘Market Wizards.’
I think you’ll find it contains lots of information that will really work to help improve your trading.
The first version of the course included a 16-page trading plan template. Now I’ve included a simplified version which I hope will be easier to use.
The simplified version will allow you to safely get started placing trades (which is where you learn the art of trading.)
If you are an experienced trader, this template will help ensure you include the most important rules in your trading plan.
You can download your trading plan template here.
Next, I’ll share with you my set of trading rules that I use for my forex trading to generate 3% a month returns.
Rules-Based Forex Trading Strategy Example
Till next lesson,
Sources
Marketmates uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial guidelines to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy.
- Jack D. Schwager – Market Wizards: Interviews with Top Traders https://www.amazon.com.au/Market-Wizards-Interviews-Top-Traders-ebook/dp/B006X50OPWhttps://jackschwager.com/books-by-js/
- Sam Eder – The Consistent Trader https://www.amazon.com.au/Consistent-Trader-Winning-Trading-Psychology/dp/1631610252
- Dr. Van K. Tharp – Tharp’s Thoughts Weekly Newsletter https://vantharp.com/tharps-thoughts-weekly-newsletter-archive/
