Van Tharp – Forex Trading Systems Elearning Course – Busted Breakout System
This e-learning course addresses two main parts from Gabriel’s original Forex Trading Workshop:
1) Forex trading basics — all you need to know to start trading Forex, and,
2) Gabriel’s popular and most easily accessable trading system, the Busted Breakout pattern.
Gabriel teaches three trading systems with an edge at his in-person Forex workshop at the Van Tharp Institute. Of those, the Busted Breakout offers the best performance statistics. Students that have taken the course already have said it’s also the easiest system to learn to trade! In this online course, Gabriel lectures for approximately seven hours on the basics of trading Forex and all of the details about this single trading system. The course includes downloadable material with lots of valuable information supporting the lectures. On top of that, Gabriel will provide a series of monthly follow-up online group calls to answer questions and share ideas. You don’t want to miss this!
Low Risk Course
This is a low-risk opportunity for our customers who have been requesting an online version of the Forex trading course. Students can benefit from their enrollment in the course in several ways:
Why Trade Forex?
Van Tharp foresees excellent trading opportunities in the currency market over the next few years because several big-picture forces are strong at work. Primarily, central banks will continue their attempts to influence the relative value of their currencies against other currencies. Combine this with the imbalances caused by trade and debt levels and we have a currency market that promises to remain lively for some time to come.
Add one important —and practical— point for individual traders to this attractive and built in longer-term volatility: Forex has evolved into a market in which individual investors can trade efficiently at low transaction costs — even with a very small trading account. This wasn’t always the case. Just ten or fifteen years ago, individual traders had to have a significant amount of capital to open a Forex trading account, and these accounts were only available at big money-center banks. The expansion of the Forex market over the last decade however, has made it very accessible for individual traders with low transaction costs and easy to use platforms. A large group of retail traders has grown to complement the ever-present institutional trading which in the end, has created an even larger and more liquid currencies market. In fact, Foreign Exchange is the biggest and most liquid financial market in the world. If you actively trade equities or options right now, think about trading/investing a less correlated asset class — Forex.
Why Learn the Busted Breakout Trade Online?
Van Tharp Institute clients have been requesting a Forex Trading e-learning course consistently for the last few years. Now we’re proud to present this online course that will show you what it takes to trade Forex and teach you one great trading system.
It’s a system you will have a lot of fun with as it capitalizes on fishing for stops of unexperienced traders who get caught in bad trades (bull traps and bear traps).
You can find the setup pattern in any chart – long term charts and in short term charts. Once you know how to spot them, you’ll probably be surprised at how many appear. If you prefer position trades lasting weeks or months, look at the GBPNZD pair using weekly bars. The long consolidation area from mid-2016 to early 2017 set-up the trader trap – it just snapped catching unexperienced countertrend traders. This is a short trade setup with a very attractive reward to risk ratio.
If you prefer a very short timeframe, see the 1min bar chart of the EURUSD pair below from July 6, 2017. Can you can see the consolidation area and where the breakout below the range failed (or “busted” as Gabriel says)? You can study how Gabriel framed a long trade based on this setup and see the price level for the entry, initial stop, likely stop-runs, and eventual target.
Watch for yourself in Gabriel’s video how this trade capitalized on the stop run levels and then continued to run after reaching the target price.
Busted Breakout EURUSD Long trade, 1min chart
Can You Capitalize on Forex Trading and Enjoy an International Lifestyle?
Forex Trading – Foreign Exchange Course
Want to learn about Forex?
Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
More Course: FOREX TRADING
Outstanding Course:BBT Trader Rescue Package by Rob Hoffman