The dust is settling on a big day for the Triad Formula crew. Nearly 1000 traders or soon-to-be traders have snapped up a $2k bundle of trading strategies and associated training services.
Congratulations on a job well done to Jason, his renowned internet marketing partner and the rest of the crew! Obviously a lot of work has been put into the launch and it has paid off big time.
Congratulations also to those of you who have bought a copy of the Triad Trading Formula. There’s a bundle of good trading strategies in there and plenty of support to go with it.
However (there’s always a ‘however’), can I offer a piece of advice to the new purchasers: just spending the money on the product and giving it a half-donkeyed go at it is not going to make you rich through forex trading. You MUST give the system your full focus, you must learn the strategies inside-out, back-to-front, you must commit to becoming a successful forex trader for it to work for you.
I speak from experience. I’ve bought similar forex trading courses and strategies in the past. In themselves they are very good and if followed – they will make you money. I’ve also been a member of Jason’s trading clubs in the past and I know that he’s a good trader, has good (profitable) trading strategies, and from what I know, seems to be a a nice bloke too.
But, just by spending thousands of dollars does NOT guarantee success! From what I can see, the Triad Formula incorporates at least 5 different trading strategies – used for different market conditions. That’s a lot to learn and a lot to implement correctly. You’ve got to track the use of each strategy properly so that you can gauge how effective they are working for you, or not. Each trader has a different trading personality (I’ve spoken about this before) – determined by what level of risk they like to take, what hours of the day they have available to trade, how much overall time they can commit to trading and so on. There’s a good chance that not all of the strategies are going to work equally well for you.
My advice is to fastidiously keep a detailed trading log. This step is often missed in the teachings of even very expensive forex training courses, yet it is critical to long-term success. You MUST keep track of your trades, analyze which trading strategies are profitable for you and which aren’t. Please, please, please – protect your substantial investment in forex education by taking the extra step of tracking your trades, tracking your performance as a trader, learning from your mistakes and also learning from your successes. Trade on Track is the software tool you should be looking at to accomplish this.
If you missed out on the Triad Formula launch, then they might do another one in future that you can get in on. In the meantime, there’s plenty of good free training and free strategies out there too. I always recommend babypips.com for new traders – it’s one of the best free forex training sites around in my opinion. Also check out this guy: forex-fxtrader.com who offers free forex education as well as giving you free insights into the profitable trading strategies he uses. You can also buy $50 trading books from Amazon which give you very, very good, high probability trading strategies you can use in the forex market. I’ll leave those recommendations for another post.
For trading success, always Trade Seriously!