“You can still realize some good pip capturing even when you’re making mistakes, but you have to learn how to keep your emotions in check and trust the education.”
Nelson, a supervisor out of Tampa, FL describes his experience with the Ultimate Traders Package™ and the Wealth and Freedom Experience LIVE. He touches on how the fibonacci sequence was a real eye opener and that the psychological aspects of trading were brought to light and helped him understand trading even better. He also discusses Analyst on Demand™ and how their alerts and assistance has allowed him to make pip gains while he is learning. At the time of recording Nelson’s trading account had grown 200%.
Nelson: I joined Market Traders Institute in December of 2012 and I began trading in December.
MTI: How did you get started in the Forex Market? What brought you to Market Traders Institute?
Nelson: There was something about the Forex market that really attracted me. I really liked the flexibility, the ability to create your own income based on your education, your knowledge base, what you knew. So, I became very attracted to it and I began to follow it. I knew at some point I needed the right education and that was my biggest challenge, was finding the right place to go and to learn about the Forex market. One day I was just checking my email, and there was something there from Market Traders Institute. It was a link to a webinar, and I said “Well let me check it out.” I went in and began to listen to what was being presented, and the first thing I noticed is that it all made sense. The way they presented Forex education, it seemed very systematic. It seemed it was well thought out, well planned out. The other thing I liked about it, is that it also came with the Analyst on Demand™, and that attracted me as well because I wanted to get in and start trading right away as I’m learning.
MTI: What have you taken away from the Ultimate Traders Package on Demand™ so far?
Nelson: The biggest thing, the biggest revelation for me is how to use the Fibonaccis and the trend lines. That to me is worth the UTP package all by itself because one you understand that, you’re able to decipher what the market is doing. Not that you’re going to be right every time, but you’re going to be right enough times that if you use property equity management, you’re going to make money. One of the biggest things with the MTI educational program is that it gets into the psychological aspect of trading. You can have all the knowledge in the world and you can know all the techniques, but if you’re not in control of your emotions, then you’re going to make mistakes. You’re going to get out of trades when you should stay in. You’re going to get into trades when you should stay out. And this is all based on emotion, so being able to control your emotions is huge in this market. That’s one thing they focus on here at Market Traders Institute, it certainly made a big difference in my trading. I’m probably gaining steadily between 100 and 200 pips a month, which is great because I don’t have a lot of time to trade.
MTI: How has it been working with our live instructors, including the FX ChiefTM?
Nelson: The people here at MTI are great. The instructors are fantastic. Having the opportunity to come here and talk to them live, and be able to ask questions and have them answer in person is definitely a big benefit. It’s something I would certainly recommend to everyone who has purchased the UTP.
MTI: Any advice for potential clients?
Nelson: When I began, the first thing that I did was, I began to trade based on the trading that the Analyst on DemandTM were doing. I would analyze along with them, and if I agreed with their analysis, if it made sense to me, I would jump in along with them. That provided me with some initial pip gains. And then as I began to understand what they were doing, I began to apply the same rules. I started making my own trades. The thing is, going back to the emotional part, because of not being in control of my emotions I made some tremendous mistakes. I gotta say this. My account has, at one point, gone up to over 500% of the initial investment. Right now I’m over 200%, and that’s with all of the mistakes I’ve made. So you can make mistakes and still make money. You can still realize some good pip capturing even when you’re making mistakes, but you have to learn how to keep your emotions in check and trust the education. And then trust your decisions based on that education.