How Does the BETRAS SWING Deal With Choppy Forex Price Action?

It is a combination of a few critical elements:

1.We acknowledge that there will be losing trades within a winning strategy.
2.We go on to acknowledge that you can not divorce the losses from the winners or you will NOT get the winners.
3.Inst...ead of trying to avoid the losing trades (which in our opinion is ‘holy grail’ stuff and does not exist) I designed the BETRAS SWING) to mitigate the losses. Mitigation is an important concept and the sooner you learn it, the sooner you will improve your trade results.
4.It is a combination of great setups that take advantage of edge of the chart price action, smart confirmations, smart RULES that include how to make minor key level adjustments, disciplined dynamic goal setting , tight and concise tradeplans that should be followed the same way every day, a dynamic stop strategy that cuts risk and seeks to get to a risk free position
5.With all that, we then accept the losses that we do get, trade through them, and let the magic of the system work itself out, which is why we keep getting all those attractive equity curves you’ve seen. The losses get you to the winners.
6.Remember, if a solid winning tradeplan (anything from 60% on up) is winning a majority of the time, the other smaller part of that equation are the losing trades. No one can control the market but we can control how we trade it and how much risk we expose ourselves to. We can then manage our risk as the trade progresses. That way, we get the most out of the winning trades and reduce our risk as much as possible on the losing trades while still trying to give the trade the room it needs to develop. It’s a fine line that is never perfect. Anyone who tells you otherwise is selling you a dream but not reality. Yet you’ll find the betras swing trading does an amazing job at it.
7.With all that being said, the betras swing tradingdoes have an uncanny way of consistenly delivering the goods if you develop your own ability to trade it with discipline and confidence. When a few losses come your way, you have to rely on the knowledge that the betras swing is fast to recovery and will give you explosive, profitable trades that launch your two steps forward. Two steps forward, one step back, two steps forward, one step back. That is a healthy and realistic process and the path to ever growing profits. ALL profitable equity curves ‘stair step’ their way, up, and to the right. Accept this and be at peace with it. That’s the business we’re in. This is where the process needs to begin.
The trade examples this month, exemplify ALL these elements, working together, producing the winning edge that the betras swing will give you IF you have all your package covered. To this day, the plan continues to work.

‎10 top ways new forex traders LOSE MONEY

‎1.Lack of Experience
2.Unreasonable Expectations
3.Absence of a Sound Trading Plan
4.Lack of Discipline
5.Failure to Include Stop-Loss and Take-Profit Instructions
6.Excessive Leverage
7.Holding Too Many Open Trades
8.Holding Losing Positions Too Long
9.Ignoring Rate Spread Fluctuations and
the Impact Spreads Have on Profitability
10.Thinking About the "Big Win" More Than
Effective Cash Management (AKA Greed)

Risk & Money Managemenr DEADLY important in trading

Dear trader,

Unfortunately, Novice Traders often believe that all that is necessary to be successful is to adopt a system with a proven track record, and they will make profits.

No system is ever perfect, and the best systems will go through draw down phases. It at these points novices give up and move on to the next best system, without realizing its the Money Management that is the issue.

If they could address that one issue they can weather the draw downs on all good trading systems. The market always acts impartially and takes no prisoners. Traders must be prepared to accept the verdict of the market place, and admit the trade was wrong.

It is the Money Management that helps the pros when the market is not prepared to do what we expect it do do. Professional Traders realize that the system does not achieve their goals, its the Combination of The System and Money Management that attains their goals.

Money Management Is One of the most important aspects of a traders system. There is a real dearth of information on the subject, many professional traders all point to it, but none explain it, till now. 

This is the one critical aspect that you need to master in order to be successful over all.

DECEMBER 2010 RESULT TILL 8 DEC (Im off trade till then)

MAIN CAUSE WHY 95% ARE FOREX LOSER

Salam to all Betras Swinger and friends, Another famous questions " why many people loss money in forex market? there are many causes, one of the cause is many traders looking for profit 1st before managing their risk. what the successful traders do " they always managing their risk first, before looking into profit"they protect their own hard earn cash and portfolio and put them in the most priority

BETRAS SWING NOVEMBER 2010 PERFORMANCE

 CLICK AT THE PHOTO FOR BIGGER VIEW
Equity Gain 18.0% with 2% risk. 20wins, 7 losses. win rate 74%. Profit Factor (PF) 7.55, trade set up was taken at 6.00am SGT most of the time. Another outstanding month

BETRAS SWING TRADING PLAN

http://betrastrade.blogspot.com/ or check at my album:
Trade GBPUSD 30min, GBPJPY 30min, EURAUD 30min, EURGBP 30min, USDJPY 30min and NZDUSD 60min. for EURGBP....$/Pip/Lot = 16 and Pips/Unit = 10,000 "please update your trade management software". BUY STOP: Do key level adjustment (00' and 05' level and adding the spread with 1 tp 2 pips extra). SELL STOP no need KEY Level adjustment, just adjust to 00' and 05" level only

Trading Plan.
1. Take the set up between time zone (6.00am to 10.00 +- 11.00am) or you can fixed your own time zone which time zone that ensure you can see the market everyday)
2. Take the set up that still not trigger or less then 50% toward target 1 and give a pull back within the trading time zone.
3. Take the new set up within that time zone.
4. do key level adjustment for buy stop only and adjust to "00" and "05" level only for sell stop.
5. Take target 1 only.
6. If the trade flooting for a few days, reduce the risk as per daily and directional line cross.
7. account more the USD1000 dont trade with 5% risk, you will be phycoligically effected. less risk is better seems the Beta tester was foward tested for 1 month only
8. When your trade time zone is end, shut down your computer and walk away, check the progress once or twice only, if the trade 90% toward your target move stoploss to profit zone or you can close the trade.
9. Please up date your risk and money management software under the currencies slide and add up the additional pairs and the value