(by 0 people)
Your rating:
HectorTrader.com is not offering you yet another black-box trading system - he is offering you a full Forex training program so you actually learn how to trade as opposed to blindly follow the signals generated by a black box system.
There's an important difference! When you simply follow a system you don't quite understand the trading decisions you're taking... you just follow the signals generated by a combination of indicators that may or may not be right at that precise time.
In the other hand, when you actually learn how to trade you can fully understand why this or that trading decision is considered and why this or that action is undertaken!
Ever heard the statement " the trend is your friend "? Of course you have, probably a hundred of times. And do you know why? Because it's indeed true.
Trading is like swimming in a river - you have three options:
* Swimming from one bank of the river to the opposite one, back and forth (trading within range-bound market conditions)
* Swimming upstream like salmons (counter-trend trading)
* Swimming downstream, being carried away by the flow (trend trading)
And now ask yourself: which one seems easier? Which one requires less effort? Which one has more chances of taking you further, swimming greater distances in one given time span?
Exactly!
Hector is a trend trader, and so are most of the professional traders I know of, and there is a good reason for that. Trading in the direction of the overall trend does not mean that every trade will be a winner, just as swimming in the direction of the flow doesn't mean that there's no chance of you drowning, but the odds are leaning on your side: you just need to search for the right time to hop in the river (enter the trade) and from that point on let the flow (the trend) do the job for you.
Now, the problem is threefold: A) how to determine the direction of the flow, B) when is the right time to jump in the water and C) how to realize when you've swum enough for the day and it's time to crawl out of the water. Those are precisely the three questions he will try to explain in this course, laying out in detail the methodology he personally trades.
But Hector, what's your system based on exactly? Moving Average crossovers? Some combination of indicators such as RSI and MACD? no, not really. He uses three moving averages in order to determine the overall market sentiment (the trend) and from that point on it's all about trading solid breakouts in the direction of the trend.
He will be honest with you here: if you are totally new to trading, perhaps you might want to do some previous research somewhere else before taking this course. If concepts such as levels of support/resistance, price channels, double tops/bottoms, trendlines, Fibonacci retraces, moving averages, etc. don't ring a bell, then he recommend you to read a few books first to get the basics of Technical Analysis (TA hereafter) nailed down. He will try to explain all the different elements of his system as simply and as in detail as possible, but he will assume that you are familiar with Technical Analysis.
So, going back to the original question of "who is this course aimed for?", the answer is pretty simple: to all of you who want to learn a conservative (yes, he is a conservative trader) trend-trading methodology purely based on price action, levels of support/resistance and breakouts.
Yes it does indeed, but instead of him trying to convince you whether it does or not and why, He recommend you to simply browse through his blog at www.hectortrader.com where you can see all the trades he takes every day recorded and uploaded live. If they are recorded live, he cannot lie can he?
But like he says, please do visit the blog, check his track record, and if you like what you see come back here for more info :) www.hectortrader.com
He has tried to make this course as bullshit-free as possible. He is aware that many of you guys have read dozens of e-books and demo'ed a number of systems that look good on paper but score poor results when it comes to trade them live. The last thing he wanted was to publish yet another e-book with hundreds of pages of trading-related verbal diarrhea and carefully-selected historical charts without actually getting his hands dirty. That's why he decided to structure the course around videos as opposed to screen shots, and on top of that most of my videos are REAL TIME live charts as opposed to historical charts. In every chapter, you will find videos recording current market conditions with price ticking the current level. If he explains how to trade a channel breakout for example, he will record a live channel breakout and explain it as he trades it himself. Sorry, but he ought to laugh at those people teaching stuff based on cherry-picked historical charts. Most of the videos you'll watch on this course will be panned out on the heat of the right-here-right-now live trading. If a trade or setup turns belly up while he records it so be it; he will still upload it and you will see it. Losing trades are part of trading and you better get used to them as soon as possible.
He mentioned few lines above that he wanted to make this course as bullshit-free as possible, so here is the formula he have gone for:
* The first chapter of this course (which elaborates on determining the overall market sentiment, picking the right set-ups before the actual trading session begins and defining a trade plan for each set-up) is free; there is no password to that section so you can have a sound idea of what the course is like before forking out the money.
* The rest of the chapters are password-protected and only viewable to those who purchase the course. In those chapters he will explain the rest of the elements that compose my trading approach: entry triggers, price target determination, pre-trade management (also known as money management), in-trade management, the price formations he trades, breakouts, my so-called Golden Rules of Trading, the London open breakout, and some more. All of them explained around 60 real time videos (over 600 megabites worth of videos!).
This is a trend-exploiting system, and trends develop on any time frame so this system is effectively valid for any time frame from the weekly chart down to the rabid intraday action. However, his favorite charts to base this system on are the 4 Hour and the 1 Hour charts. But that's just a personal preference of his because like he says trends do occur on every time frame.
He understands that you might not be a full-time trader, or at least just yet.
The good news is that even if you have other working commitments and therefore you cannot pay full attention to your charts all day long, you can still trade. For example, you can always base your trades off longer time frames such as the 4 Hours, the Daily or the Weekly charts. You will indeed spend less time monitoring your positions and will get fewer trading signals, but those signals you do get will carry much larger profit targets.
Alternatively, you could focus on the London Open Breakout strategy which he teach over chapter #5. It's a technique that seeks to exploit momentum breakouts during the first two hours of the London market. That means that if a trade hasn't triggered during those first two hours you can move on to your regular daily activities.
No, it isn't that bad! While it is indeed true that the London session and the first half of New York session are by far the most active ones, by monitoring several currency pairs on several time frames you will be exposed to plenty of trading opportunities around the clock.
A wise combination of market-scanning tools (which he provide within the course) and a sensible use of sound alarms you will be able to trade no matter where in the world you live!
No, by no means he trade a mechanical system. In fact he doesn't believe in mechanical systems at all - he is sorry guys, but he is afraid trading is not so simple. No-one will ever make consistent money off the markets by trading something like: "when the 14 EMA crosses above the 34 EMA, and the MACD goes positive and the RSI curls above 30, then go long". He must be honest with you folks: that doesn't work, regardless of what any savvy marketing wizard and his shinny cherry-picked historical charts tell you. Guys, let's try to think clear here for a moment: if anyone could make consistent profits from a mechanical system, don't you think that larger institutional players (you know, the people with the beefiest computers and with the resources to hire the best programmers and mathematicians) would utterly dominate the trading world? if trading was so simple that mechanical systems were consistently profitable, don't you agree that small fishes like us would never have a chance?
The cold truth is that newcomers always search for mechanical systems because they are indeed simpler to follow than discretionary methods. In a mechanical system, you don't need to learn how to interpret trends, how to identify levels of support and resistance or how to read price action; you simply follow the signals given by a combination of grandiloquent indicators and you're good to go. Needless to say, most newcomers fail to ever make a living out of trading. You MUST understand price action, you MUST learn to read price activity around levels of support/resistance, you MUST be able to perceive when a trend is healthy and when it's not. Trading is NOT a science and cannot be hard-coded for sustained profitability. You MUST understand that you ought to become an actual trader as opposed to an indicator-follower.
Sorry to be blunt guys, but like he said above he is trying to make this course as bullshit-free as possible. He is aware that by saying this he will probably lose many potential customers, but you need to know the truth.
Yes he does. In fact, you will see throughout his videos (and in his trading blog) that he take these trades live. He trades full time for a living and he has no problem showing his entries and results in pips in all those videos. Believe it or not, he began recording the videos on his blog for his own benefit so he could review and analyze his own trades at the end of each trading session so he could spot possible mistakes in his trading and, therefore, correct them in the future.
Do not hesitate to browse through his trading blog www.hectortrader.com to verify that he does indeed trade this system himself.
Alright, let's cut it to the chase: right now the cost is an one-time fee of 295 euros, which can be paid via PayPal or credit card. Upon payment, he will email you the password to the private section where the lessons and the videos are located.
In order to purchase the course, please click back to the main page.
Once again, he will keep the bullshit to minimum levels, so here goes the truth: if you think that his trading videos from his blog has offered you some insight, you find his trading system sensible and you reckon that his approach to trading makes sense, then yes the course is worth the price. He explains all the twists of his system and everything around it in a VERY detailed fashion, showing different examples for each case and lesson so the concepts sink in. More over, he go through important details that he cannot explain in the blog videos due to their time-limitations.
In the other hand, if his videos from the blog seem insubstantial to you or perhaps you can already apply his trading principles profitably in a consistent manner, then he advice you to not buy the course as you will probably not learn much from it.
|
ForexZeal
Hi Ben, Posted May 07, 2008 |
| BenjaminCole
Hi, I would like to know more about the program that you are offering. Will I get one-to-one support? Currently, I'm following a free course by my Forex Mentor. He provides me a Forex currency trading software that is very accurate and useful. Posted May 05, 2008 |
Of course you will. He is here to assist you in your trading, so if you have any question both before or after purchasing the course, or there's a particular lesson you didn't quite understand, or you want to send him your set-ups and trade plans for his feedback, or whatever any other question you may have, don't hesitate to contact him with all your questions. He will gladly assist you in your trading.
Just one remark though: He trades the London session, so if you send him an email at that precise time he might not be able to get back to you immediately until London market closes, alright? Trading is his full time job at the end of the day.
Yes there is - you will access for free his custom trend-scanning indicator, which was coded exclusively for him by a professional programmer. This indicator filters trending from non-trending scenarios no matter the currency pair or time frame, so it's indeed a God-sent in order to find and ride healthy trends for a profit!
No-where else on the net you can acquire this indicator!
With this Forex training program you will learn all the tricks and twists of his trading methodology so you can bring your trading to the next level.
The training program is based on three main pillars:
1. The Trading Course
2. Daily Live Videos
3. One-to-One Support
Click here for more information
As always, to your success,
ForexZeal
PS: Classic Forex Ebook: "How To Lose Your Money In The Forex Market" Click Here!
PSS: New Forex Hidden Systems: Just Released!!! Click Here For More Info!
PSSS: Video Tutorials Teach New Students How To Invest In The Forex Market For Big Profits. This Course Is Great For People With No Prior Trading Experience. Click Here For More ... !

ONLY $47 Click here to grab Forex Maven now...
Currently Unavailable!
Sorry... You Missed It...
"TOP SECRET BACK DOOR LINK BELOW"
"CLICK HERE FIRST" ONLY $47
Click Here To "BACK DOOR" Link, to grab "FOREX MAVEN" now!
"THEN NOW, CLICK HERE TO GET YOUR BACK DOOR DEAL" ONLY $47
Click Here To "BACK DOOR" Link, to grab "FOREX MAVEN" now!
LENGTHY DETAIL?
CLICK HERE

TO LEARN MORE CLICK HERE!

ONLY $77 Click here to grab Automated Forex Cash now...
Currently Unavailable!
Sorry... You Missed It...
"TOP SECRET BACK DOOR LINK BELOW"
"CLICK HERE FIRST" ONLY $77
Click Here To "BACK DOOR" Link, to grab "AUTOMATED FOREX CASH" now!
"THEN NOW, CLICK HERE TO GET YOUR BACK DOOR DEAL" ONLY $77
Click Here To "BACK DOOR" Link, to grab "AUTOMATED FOREX CASH" now!
LENGTHY DETAIL?
CLICK HERE
10 Minute Forex Wealth Builder

ONLY $77, TO LEARN MORE CLICK HERE!
ONLY $77, TO LEARN MORE CLICK HERE!
Forward Test Since January 2007
START Trading: January 10, 2007
START Equity: $9,100
LAST Report: March 12, 2008
LAST Equity: $68,808 (PROFIT: 656.13%)
TO VIEW DETAILED STATEMENT CLICK HERE!
FREE TRIAL AND DOWNLOAD ! CLICK HERE!

FREE TRIAL AND DOWNLOAD ! CLICK HERE!