Forex Brotherhood - An Interview With The Forex Guru Coach

Matt: Hi Jason this is Matt, I'm calling you today to ask you some questions about the Forex Brotherhood and about your personal experiences with Forex.

Jason: Sure, absolutely, good to hear from you and I'll be more then happy to answer any questions you have. Go ahead.

Matt: When did you first come up with the idea for the Forex Brotherhood?

Jason: The Forex Brotherhood actually is the sum total of all the things I've been doing over the past several years. I met with some good partners and these guys are bringing the technology of the web to us and the biggest benefit is we can lower the cost. See the concept of mentoring and coaching and stuff is an extremely expensive thing to do and most people would be really good at trading. They don't have access to those funds and instead of spending thousands of dollars on one on one coaching and mentoring, they might be able do that. But that money is maybe better spent in different areas, maybe when they're starting or just getting acclimated to the markets and maybe they don't really want to make an investment like that. Maybe that represents a good portion of their potential trading capital.

So putting all this together I'm like you know we're not using the technology of the web right is what I was telling my partners. We can get in front of more people if we use the technology of the web, put together something that's unique and isn't really available anywhere else, which I think we've done and give people who have a serious interest in trading a really good head start for a reasonable amount of money.

That's why we came up with the idea. So we've been putting it together for the past several months. If someone were to hire me for one on one, they're paying for my time. Whereas if we're doing, hey look let me just put it out there every morning and every afternoon so these guys can see what is going on and they can participate on a higher level if they choose to later. But for right now this is going to be a great way for them to get acclimated to how professionals think, how the market is structured, think if they went on their own and tried to learn on their own it could take them years and thousands of dollars and they could even lose money in the process.

And instead of Forex being what I think it is, which is an absolute golden opportunity, it could end up being really frustrating for them. So we put the Brotherhood together as a means to shorten that learning curve.

Matt: How important is a solid community to the Forex Brotherhood?

Jason: The Forex Brotherhood concept of education first. The community is good because its like going to school, you might not be able to talk to the instructor any time you want but you can hang out with guys in the same class, you're going to review things maybe, you're going to maybe get ideas that you hadn't thought of by listening to what other people are experiencing in the marketplace or the solutions they found for their trading.

So you're leveraging the experience of everybody who participates, everybody who participates becomes a source of education for you. Those chat rooms and blogs that we have for you, those can be a great way for people to stay more connected to other likeminded individuals. Its like anybody that has ever gotten really good at something will tell you they like to see what other people who are good at it are doing, maybe there is something they can learn.

So I think that the community is a great way for customers to stay focused on doing the right things. All you have to do is listen to one guy who tells a story of how he had an accident in the market and he handed himself a pretty hefty loss and what he did up to that point becomes an education. You can learn that and say that's something, I'm not going to make those mistakes. That's an educational process we may not have gotten until it was too late.

So the community I think is equally important to learning from just maybe a trainer like myself.

Matt: I know you've already partly answered this one but I'll go ahead and ask you anyway. Why are you providing such exceptional value and training at a reasonable price when you can charge so much more?

Jason: Its kind of the same concept, we're using the web. It's getting in front of much more qualified people. I'm not shy about admitting that I'm in this business for the money but I've noticed in my own experiences, my experience I started in '86 as a customer and I loved business when I got into it as a young man. I became a broker and boy there was nothing out there. The education you have today, what the current client has today for education that wasn't even invented yet. There wasn't any internet, there wasn't any email, there was no way to learn something in the market unless you went out there and beat the pavement. You would go to your local library or the bookstore and try to find information.

The information you have now is 100 times more available then it was when I first got started and I know that people want that information. Its like if you wanted to get started in real estate and Donald Trump said to you I'm available to talk to you for a couple of hours, wouldn't you pick that guy's brain? It's similar to that and I'm not saying I'm the Donald Trump of Forex, I'm not saying that. What I'm saying is to make it more available to people at a reasonable price, give people real value for their investment and in the long run that benefits me and it benefits the customer.

I think it's important to remember that providing good quality content at a price that's reasonable for people, we couldn't have done that without the technology that we have today. So really its just opening the door up to a bigger audience really is all we're doing.

Matt: Sometimes people who are just getting into Forex market can be intimidated by traders who have as much experience as you. Are you worried about complete Forex newbies joining the Brotherhood?

Jason: Well when you say a complete Forex newbie do you mean somebody who has never traded before ever in his life?

Matt: Right or they could have traded in other markets and just found out about the foreign exchange.

Jason: There are certain qualities about Forex that make it a unique marketplace that the new person has to get a grasp on right away. So those are provided as premiums at no cost, you just join and you get those educational benefits. We want to spend time on that first. If a guy is brand new and never traded before the most important thing I could tell him is that he has to have an account open and he's got to start trading. You can't be paper trading your way in this business past a certain point. That will kill you in my opinion.

You need to be at the point where you're confident that you will do the right thing for you, which is protect yourself, which is learn the skill of how to cut a loss and be okay with it and learn the skill of how to be a winner and be okay with it. Now if you've had no trading experience at all the benefit to that is we're going to start you on the path the way you're supposed to do this from day one. And the good news is you have no bad habits.

So there is no problem with a brand new guy doing this because his mind is probably open to learning how to do this right to begin with because he wants a shorter learning curve. A guy that has a lot of experience already in the market and in Forex maybe in particular what his benefit from all this is how to stay on track with all that. Any trader that has been around for any length of time will tell you that he's had blow outs, he's cut profits short that would have been huge wins and he wants to fix that problem. He might be making a consistent amount of money every month or every year but he knows he can do better.

So that pathway is the same for everybody. Its like if you start to learn how to dance you have to feel the music and then maybe as you go on you can learn different dances. The marketplace only functions one way and futures, Forex, options, stocks they all function the same way basically. The unique things about Forex, that's great and we'll help you get educated on that right way and get you on the right step right away but if you're a more experienced trader that's okay to because you're going to want the feedback to stay on course once you get there.

It's like any sailor will tell you this, charting a course and staying on course is like two different things. So charting the course we're going to show you how to do that and get you started properly and maybe help you get an account if you don't have one already. We can provide you that service. If it turns out you're a trader and you're very happy with where you're at, you've got some good experience, you're doing well on your own but you want to take it to the next level the Brotherhood can help you with that too.

What attracted me most to it was the scope, size and depth to it. It's the biggest marketplace in the world and nobody even knows how much money goes through the Forex markets every day. The estimates now are some people will say as much as $2.6 trillion a day. I mean that dwarfs every other market. That's huge and you can't even wrap your mind around how much money is involved.

Why is that important? Well in a situation like that when it's that thick, that deep the probability of that market being artificially manipulated is almost zero. That's not going to happen. Governments cannot control the value of their currency. The Federal Reserve, the European Bank they can't...
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