NOTIFICATION TO ALL BETRAS SWING USER - USELESS, UNNECESSARY AND REPEATING MISTAKE

1. Please apply the risk and money management - its vital.
2. Please control your risk - my system is not a holy grail...any others method too.
3. Please stick to certain pairs only and trade it consistently. Dont jumping from one pair to another pair
4. Please stick to specify time frame. dont keep on changing the time frame for the pairs.
5. Please stick to your trading session religiously (Asian, eur or US open)
6. Be minimalist Trader..that means less trade give better performance, many of us misunderstood many trade that means more money..but actually vise versa our are LOSING money
7. Just trade when the System is telling your when, what, where to enter the market...not anytime when your open your laptop and simple enter the market to make money..but end up losing money.

I think that all I want to say...because.... InsyAllah without following the rules you may sedekah all your hard earn money to the most rich organization in Forex industry (The Broker)....very quickly. It better to sedekah your money to all poor people.

Trade without Plan and must following the plan, risk control, tight money management is just like Digging your own grave for your hard Earn money

ROMZZ
BETRAS SWING DEVELOPER & TRADER

SWING TRADING VERSUS DAY TRADING

Swing trading and day trading are both active trading practices which require different strategies, techniques, and money management. Many times the tools they use are different. However, BETRAS offers indicators that can do both or just focus on swing trading.
We all know that day trading can be a full-time job and that you hold positions for very short times. The main advantage to this is that you don’t have to worry about holding positions overnight. Then, you are often flush with cash in the morning ready to jump when an opportunity presents itself. Although, your trading costs will be higher as you place more trades and you will make smaller profits on each trade compared to swing trading.
Now if you can deal with the anxiety of holding positions overnight and maybe waking up to a loss or the market moving against your position, then swing trading may be for you. This is how it works. You capture very large moves, potentially making huge profits on these moves. You only place a few trades a week and you don’t have to watch the market all the time. Every trade you enter has a stop and target already placed so you know ahead of time what your risk is. You don’t have to trade full-time and it really can take only 10 minutes a day.

So before you decide whether swing trading or day trading is right for you, answer the following questions.
1. Do you have the time to day trade?
2. If you’re holding a position over night or for days, will you have the ability to sleep and not worry about the trade?
3. Can you let the swing trades move to their targets and not close them early?
4. How much money do you have to start trading and are you looking to add an income stream or just grow your nest egg over time?
5. Finally, how much risk are you comfortable with?

Happy Trading to all BETRAS SWINGER

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