Forexoma Weekly Performance and Much More…

Hello Friends

I am always asked to publish my market analysis performance result on the public area of the site. My friends ask me to do that because they say my competitors do it all the time and exaggerate about their service and so why I should not do that. I never see any reason for it because those who are serious to become a good forex trader, when they come to my website, they can easily see the difference. Most of them have already used several different services and are ripped off for a few times at least. They have learned that dealing with websites that is not clear who is behind them and who manages them is a terrible idea. Any money that you pay, will be gone and nobody is there to answer. Therefore, when people come to my website and see that there is someone with a known identity to answer them and to keep in touch with them, they will get realized that this website is different and its owner is not there to cheat people. I leave this to the knowledge and experience of visitors, maybe because I do not want everybody to sign up for my program. I prefer members who have been trying to learn and trade forex for a while and have already tried some training courses, robots, buy and sell signal programs and… than members who just heard that forex makes money. That is why I do not make my website full of things that attracts more members who merely think about making some easy and quick money. Yes, we trade forex to make money, but first we should learn how forex makes money. We should know that forex is not a get-rich-quick scheme.

In addition to my friends, there are some others who ask for my performance report. Some people are just curious to know, which is understandable. I would like to know it too, if I were them. Some people are just waiting to see some good results and then sign up. Maybe they do not want to risk even a $100 per month for a couple of months to try my program. My question is how they want to trade forex then??? Because forex is nothing but taking risk. The only thing that you have control on it, is the amount of the money you risk. The rest is not in your hand. You just see the signal and take the position and you don’t know what will happen then. So if someone doesn’t like to risk/spend even $100 per month, he’d better to forget about forex. And I prefer these kind of people not to join my program because they are among those who will yell at me and ask for explanation, as soon as a position goes against us or hits the stop loss. Whether you like it or not, any trader, even the most professional and experienced one, even those who trade billions of dollars for banks and big hedge fund companies, make mistake and their stop loss becomes triggered sometimes. This is normal. That is why we have something which is called “stop loss” and everybody, even the most professional traders use it. So this question that “why that position triggered the stop loss?” has only one answer: Exactly because the other position triggered the target.

I do not want to talk about forex trading here on this post because it was supposed to be a performance report. But now that I am talking about different groups of people and their different expectations from forex and a website and program like mine, let me tell you that forex is a trading business. We have some rules for buying and selling currencies. These rules tell us when to buy and when to sell. You may see on many websites that forex makes a lot of money. They say you can double or triple your money in a short time like a few weeks or a month. It is not impossible to double or triple your money through forex trading. Sometimes you can do that in just one trade. But if you ask a professional forex trader, he tells you that he never thinks about doubling his account. Making 25-40% profit per month, constantly and consecutively, is great. Anything more than that is a bonus. A professional trader is someone who has become able to repeat his success every month. Someone who doubles his money this week, will lose all his money next week. This is not professional trading. A professional forex trader, never risks more than 2-3% of his capital, even if he finds the best and most strong signal ever. Whereas those who think about nothing but making more and more money within the shortest time, take too much risk when they see a strong signal. Sometimes they triple their account in one trade, but as this superficial success makes them more greedy, they wipe out their account in the next trade.

How do I know these? Because I have passed all these stages. I have already done all the above mistakes. Fortunately I learned and became able to see and eliminate my mistakes but many others lose their money and give up. You know that 95% of those who start trading and learning forex, give up and will never think about it again.

The other thing that I want to say is about my program here. Some people think that Forexoma Live Market Analysis is a buy-sell signal service like all other services you can see over the internet. But it is not. The main goal and purpose of Forexoma Live Market Analysis program is education. But something that has made it different from the other programs is I educate people through live market analysis. So they can learn to trade forex and make money at the same time when we find a trade setup. Whereas the other programs are merely for education or for making money through offering buy/sell signals. My program is not a suitable program for those who merely want to make some money and don’t care about learning, because teaching is my main concern. However, I am sure even those who merely want to make money through forex trading for now and don’t care about learning, can not find any reliable alternative that sells them good and applicable buy/sell signals. I am sure, because I have already tried all the related programs including, buy/sell signal services, robots, market analysis, market analyzing softwares and… . Unfortunately all of them are scam. Yes, I say all of them because I am sure. If you know any, even one, which you have joined and have been making money constantly for at least a few months, please let me know and I will join it right away. I will be so thankful. And if you know a program and you think it is not scam, ask me about it and I tell why it is scam.

Few days ago, one of my friends, who is also a great trader, sent me the address of a buy/sell signal service that I didn’t know and he emphasized that it was really different from the others and couldhecmonthly result on the site and they have been making 1000 to 2000 pips per month for several months. I said ok good but before I check, let me tell you that advertising on CNBC is not the reason of being legitimate. CNBC just takes your money and broadcasts your ad. They don’t verify if your program is legitimate and if you really make 2000 pips per month or not. Then I researched about them and found out that they are scams too. Their money back guarantee is a joke and their monthly pip result is fake. Positions they report are only 20 pips and they usually send the signal when the movement is already done. So members think they were just late in taking the positions and they have to do it faster from the next time but after a while, they will realize that it is not them who are late in taking the positions. It is the signals that are sent after the 20 pips movement. Then they ask for their money, but they receive nothing. They lose their money to their own greed. That scam company is there to take the advantage of your greed.

Everybody will learn all of these things I explained but unfortunately some people learn it when it is a little late and they have lost a lot of money.

The other reason that I don’t publish my performance result regularly is that for the kind of program I have here, reporting pip results doesn’t make sense, because I do not sit at the computer just to pick the trades and send them to my clients. There are a lot more trades than what I report and publish. Also as there are different kinds of traders with different levels of experience among our members, I have different ways of reporting the forex signals and positions. For example there are traders who just follow the lines I plot on the charts. They don’t wait for me to report a  signal. They take the positions just using my analysis. Of course, they are advanced traders. While I am waiting for a typical 100 pips trade setup to post on my market analysis report, they already make over 500 pips just by following my analysis. So in my performance report, should I only have the trades that I report officially or I can include the directions that I have shown on the charts but have not taken and reported them? It is a little confusing.

These are positions I reported officially last week:

• GBP/USD Long ; 14 July: +167 pips
• USD/CHF Short ; 14 July: +97 pips
• USD/DKK Short ; 14 July: +381 pips
• USD/SEK Short ; 14 July: +1059 pips
• GBP/USD Short ; 15 July: +21 pips
• GBP/USD Short ; 16 July: +35 pips
• NZD/USD Short ; 16 July: +5 pips

So in total 1765 pips was reported, but as pip value of USD-SEK is 0.14 and pip value of USD-DKK is 0.19 of the other currency pairs like GBP-USD, so lets say we made 148 pips with USD/SEK and 72 pips with USD/DKK. Therefore in total we reported 545 pips.

When there are similar trade setups at the same time, I recommend member to take only one of them. Like when we had the same short trade setup with USD-CHF, USD-DKK and USD-SEK at the same time and I reported all of them but recommended member to take only one of them, but I know that some members took all of these positions. It is their own choice. I can only recommend. At the same time, I did know that there is the same short trade setup with USD-NOK and USD-SGD but I didn’t say anything about them because there was not the same strong candlestick signal with these two pairs. However, all of these currency pairs went down nicely.

This was about the positions we reported. Lets take a look at the directions we showed on the charts and how the advanced traders took the advantage of them and how many pips they made.

On the 14th July weekly report, I explained about the saucer and handle pattern that has been forming since several weeks ago on GBP-USD daily chart. I motioned that, it was forming the handle and it should go up to test the handle resistance which if it became broken, it would go much higher. I also motioned that “Saucer and handle pattern is one of the strongest patterns I have ever seen. It means in many cases it breaks above the resistance.” Then on the same report, while analyzing the 4hrs chart, I mentioned that “On 4hrs chart, it is going up to test the resistance. This resistance breakout can be considered as the early signal for the handle resistance breakout. Lets see.” and I had the below screenshot on the report.

So traders learned that GBP-USD would break above the resistance. Some of them took the position even before candles reach the resistance line. GBP-USD broke above the resistance and went up for over 200 pips and it is still going up to test the handle resistance line. I don’t expect all members to take these kinds of positions but there are some advanced traders that in addition to the positions I report, follow these kinds of trade setups on my reports and take the positions when it is time. I know some of them who do it. Beginner and intermediate traders will reach to this level one day and so they will make hundreds of pips every week.

and this is the screenshot I had the next day. It showed how GBP-USD broke above the resistance and then went up.

See the current situation of GBP-USD 4hrs chart and compare it to the above charts and see how it followed the predicted direction:

Ok! Lets take a look at some of the other advanced trade setups.

On the same weekly report (14th July), while I was analyzing the USD-JPY weekly chart I said “I am sure now the daily candle confirms that we have to wait and we should not go short. Lets check it.”. Then I had the below screenshot from USD-JPY daily chart. Some of the advanced traders followed the green arrow which reflects “buy signals” on my chart and also the magenta arrow that showed that USD-JPY was going up to retest the 100% level. They went long and sold below the 100% level and made 170 pips.

This is how USD-JPY moved after that. It went up for about 180 pips:

Again on the same weekly report, I had the below screenshot from USD-CHF daily and while the last red arrow showed the downward direction, I said “I believe it will break down the triangle support line”. Some traders went short because they knew what the last red arrow above the triangle resistance mean. They made about 90 to 100 pips. Some of them still have their short position and fortunately it broke down the support line today.

This is USD-CHF current situation. Please compare it to the above chart:

Another direction that I predicted strongly was GBP-JPY. On 14th July weekly report, while I had the below screenshot, I said “A strong buy signal is formed on the daily chart. It is over 300 pips to the broken support line. It is a nice profit but we are not sure if it will really touch the broken support or not. So we’d better to wait for a sell signal that forms below the broken support line and also below the Bollinger Middle Band.”

A lot of traders took that position right at the open of forex market on Sunday afternoon and made their 200 to 400 pips. GBP-JPY followed the direction I predicted on the daily chart (magenta arrow) exactly.

and this is how GBP-JPY followed the predicted direction:

I had the same prediction with EUR-JPY because these two currency pairs, GBP-JPY and EUR-JPY move so similar to each other.

The other currency pair that I analyzed on 14th July weekly report was USD-CAD. I had the below screenshot from USD-CAD weekly chart and said “Weekly chart is also forming a sell signal. The last week candle close as a Doji which is a reversal signal…”. Some traders took the risk and followed the magenta arrow I had plotted on the weekly chart. They made 400 pips by the end of the week.

and this is how USD-CAD followed the predicted direction on the weekly chart:

I also had the below daily screenshot on the same report. Of course USD-CAD market went down much stronger than I showed on the below chart. It can be because of Gold price that went up like crazy:

And of course I am not always 100% right. For example I said that we should wait for AUD-USD to form a sell signal below the resistance line on the 4hrs chart, but it broke above the resistance and didn’t form a sell signal below it. Of course, when you are waiting for a sell signal to go short, if a buy signal forms instead, you go long. In other word, if you are waiting for a sell signal to form below a resistance line to go short, if it breaks above the resistance, you go long. This is something that everybody knows. Exactly as GBP-USD that also broke above the resistance.

I also predicted that Gold will go up to retest its broken support line on the weekly chart. I had the below screenshot too. If you see the current situation of gold weekly chart, you will see that it exactly followed the magenta arrow and it is now right below the support line (the green line) which is over 3700 pips from the time that I took the below screenshot and posted it on the 14th July weekly report. Silver also had the same prediction and did exactly what I predicted.

This is how gold went up:

My 14th of July weekly report made over 1800 pips for some advanced traders in a few days. Some of them also traded gold and so add a 3700 pips to it: + 5515 pips

I am now doing something that I always avoided to do. I have never liked that my success to be explained by myself. I like people who use my program, judge about it. However, people demand for my performance report. On the other hand, when scam programs attract people with publishing fake and unreal performance results on their sites, why should I avoid publishing my true and real performance result?

There is another reason for it too. I am showing there are different ways of using my market analysis. All groups of traders, from beginners to advanced traders, can take the advantage of my reports. Beginners should not expect to be like the advanced traders from the first days or even weeks and also their account size may not let them take so many positions at the same time. They should have patience and control their greed and they will see themselves among advanced traders sooner or later. But if they want to take all of these trades as soon as they join, they may wipe out their accounts. I even recommend beginners to demo trade my market reports for a couple of months because many of them even do not know how to set stop loss and take profit orders. Many of them even do not know what “long” and “short” position mean. So they need some time to learn these basic things and learn to take positions and read the charts and analysis. It may take some time but it does worth.

I always give this example to those who want to start learning forex:

A family doctor makes about $150,000 to $170,000 per year in North America. To become a family doctor, you have to study at least for 20 years or even more. Forex is a business that can have unlimited income for you, if you learn it properly (I will show you how you can make $53,000 per month, starting from a $1,000 account). BUT, something which is too hard for me to understand is that, people expect to make thousands of dollars through forex trading, without spending even a few months to learn. How is that possible? You should spend some time to learn it.

Now! Lets say you have spent enough time and you have learned to make 25% profit every month constantly. I don’t know how long it takes to learn this. It can be different from person to person. You start live trading with a $1000 account which is a small account. How long does it take for you to start making $53,000 per month?

Lets assume that you don’t withdraw your profit because first you want to grow your account. Also, each month that you make 25%, you add 25% to your trade size for the next month:

and your 23rd month income will be $33,881. It means starting from a $1,000 account and making only 25% profit per month, you will be able to make $52,939.56 per month after the 24th month.

What if you could afford to start with a bigger account like $20,000?
What if you would make 50% profit every month which is also possible?

You could never imagine that a $1000 account could become a $211,758 account after 24 months, by making 25% profit per month only. It is our greed that doesn’t let us see the future. You want to triple a $1000 every month and to do that, you have to overtrade and take positions that are not really strong and you wipe out the account in one week instead of tripling it in one month. Whereas if you spend some patience and trade wisely and reasonably and be happy with a 25% profit per month which is so easy to make, after 24 month you will make $52,939 per month.

What other business you know that makes such a profit from a $1000 original capital?
How many years you would have to study to become a specialist who makes $52,939 per month (if he makes of course)?

So think about it and decide to learn it properly, before you plan for its income. Be patient and disciplined and trade wisely and precisely. Your patience will be paid off

Thanks for your time and have a great day/night

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