Rhonda and I have lived in the Dallas/Ft. Worth area in the same home for 21 years. We love the trees and hills and convenience of being 12 minutes from DFW airport. and 15 minutes from both downtown Dallas or Ft Worth. We are both native West Texans with a history of being raised on a ranch, working with horses and cows all our young years.. We have worked together since 1980, when I stopped flying professionally, and built an insurance agency that covered 40 states. Nothing like being able to work with your spouse. She is everything I want in a partner in life as well as business.
I both built agencies, recruited new folks and trained them in the industry. I went from company to company building and filling their pockets only to be shut down at any time they chose.
After many years and building three national programs, I wanted out of that industry. They no longer treated us as people, just as a number, not only us but our clients and agents as well.
Not long after that, I learned about the FOREX. I actually has some knowledge of it. I had an associate in San Diego who was a trader for 10 people who met in Phoenix once a month and traded that market. They all showed up with a $100,000. in cash to make up a million dollars to trade one lot. They placed the money in a bank, placed their trade and actually took possession of the exchanged currency. The bank held everything of course. Problem was, the trade took 3 to 6 hours to get filled. (Can you imagine that? Now we complain when it takes 3 seconds to do the same thing?) That was how it was done back then. I personally thought it had to be against the law, all that cash in suitcases. Not me, no thanks.
With the advent of the Internet, Charts on the market were now available and dealers were popping up to do fast trades. I met a man who who proclaimed to know how to do it all.
I jumped on the next plane for Florida to learn about this new FOREX market. I went for a day and stayed for a week. I went to a class, then sat in a hotel and started working my wonderful new adventure. Red eyed and hopeful, I came home and immediately turned into a FOREX neurotic. It took me well over a year to learn: Where to find a trade and where to get in.
If losing is a habit - the same is winning, I was really developing well because I was consistently loosing and developing that bad habit. I went everywhere and to anyone who professed to know anything about this market. I could see the pot of gold. The questions no one was able to answer was:
I had databased EVERY trade I had made and so I stopped and studied every one and I discovered the trades I constantly lost on and was able to eliminate those trades from my daily trading. The next step was to identify the trades that were winners and develop them into trading patterns that had a very high percentage of success. This was not easy but each trade was mastered after hundreds of trades and documentation. This is known as proving a trade. I even asked God to give me more patience, and hurry. :-)
Finally success meant that I would have to document the trades which led to a Workshop Manual. That turned into a book that we still use today. "Financial Freedom thru the Forex".
Today, we have 4+ trades that, when tested and proven, have a very high percentage of success. We use proprietary charting to visually spot those trades and give us a high probability entries and exits. A success many people all across the world are enjoying. We are world wide and growing like a wild fire.
If you are considering this industry or have already started your journey to wealth in this market, the four things you will want to develop are:
1) Knowledge, learn all you can, practice what you have learned and develop the skills necessary to become a successful trader. We want you to become a "Harley Driver" but first, you must learn to ride a tricycle. Get it?
2) Stewardship, be a good steward of your money. There is no such thing as a "bet the farm" trade. Trade in control, making only the trades you can prove and reprove. You owe it to your family to "Pay Yourself" so do it regularly. Trading with a plan is the road map to success.
3) Continued Education, Go to my workshop and then repeat it as often as you need to with NO ADDITIONAL CHARGE. Read other books and articles. Read the Forex news found at many Forex sites. Keep up to the minute on world affairs as they affect this market and ultimately us. Communicate with other FOREX traders for more perception.
4) Patience, Have the patience to spot a trade. Work your indicators to try and prove it. Don't just jump in, see where the Current Price is in relation to the higher compressions in the market. Almost daily, a trader will approach me with charts on a missed trade only to discover they either did not prove the trade with indicators, did not wait for the trade to fully develop or jumped into the end of a price swing.
This FOREX market is the most fun experience and the most rewarding I have ever had in a lifetime. Now, I trade in the morning hours and enjoy my family with quality time.
Good trading and stay in the RIVER,
Jim and Rhonda Blakeman
Aspen Forex LLC
Texas and the World