Do you want to learn to trade?
Hi. Is your dream to become a professional trader? Do you want to be able to apply a set of skills and knowledge in the high action world of foreign exchange trading, making thousands, tens of thousands or even hundreds of thousands monthly? Or, perhaps, your goal is to gain some additional income without having to spend lots of time that might take away from your current job or profession. Hi. My name is Mike Norman. Maybe some of you know me from my widely followed blog, Mike Norman Economics or, perhaps you’ve seen me on television where I have been commenting on the markets, trading and the economy for years. For those of you who aren’t familiar with me let me tell you that I’ve been a Wall Street trader for the past 35 years. I was a former member and floor trader on four exchanges—CME, NYMEX, COMEX and NYFE. I also traded the proprietary account for a major international bank and managed money for one of the world’s most famous hedge fund operators.
My MMT background
Besides trading, my background is in economics. I have been a follower and proponent of Modern Monetary Theory (MMT) for years and have helped to educate many people with respect to its very important tenets. If you are a follower of MMT you may also be interested to know that I have incorporated the insights of this economic school of thought into my trading approach. For many of you, trading is perhaps something you have tried in the past only to lose money and become frustrated. Maybe it has even become a kind of a gambling-type habit that leads to negative results. If that’s the case I would tell you that your experience is not uncommon.
I made all the mistakes in the book
Over my four decades in the markets I made so many mistakes and lost tons of money. The pattern I fell into was one of minor success followed by huge failure, over and over and over again. I sabotaged myself. It took me years to figure out what I was doing wrong and many more years to correct my mistakes and develop the traits and mindset of a successful trader. Most people would have quit and that probably would have been the right decision, however, one thing kept me going…I was stubborn. I was determined to figure it out. Like I said, eventually I turned myself around, but it wasn’t easy. It was only through a difficult process of trial and error, observation and adjustment that I finally put together the analytical techniques and mental traits necessary to achieve success. When I did finally reach that level the thousands and tens of thousands came easier than the hundreds did in my earlier days.
You can learn to be a successful trader
My personal experience showed me that trading success was teachable. It was a teachable skill. The hardships I went though followed by the ultimate success, opened up my eyes to the fact that great traders are not born, they’re made. It’s a fact that anyone can be taught how to trade successfully. Sure, it’s not easy and it takes lots of good teachings plus practice and persistence, but once you commit to learning the things you need to do and stop doing the things that are hurting you, success will flow. When that happens you will be rewarded with an amazing lifestyle that brings you the monetary rewards and freedom that you always dreamed of.
Everything they tell you is wrong
The path to my own success also made me realize that all the things the so-called experts teach you with regard to trading are wrong. The accepted wisdom is nothing more than a recipe on how to lose. What is sold or offered up as expert advice and insight is more often than not a path to losing money. The entire body of trading “instruction” that I have seen is really a formula on buying high ad selling low. It should be no wonder why so many people lose when it comes to trading. It’s because they’re schooled to lose. Losing is even praised. They tell you to “take losses.”
Losing is a choice
Personally, I hate to lose. I don’t know anyone who likes losing, yet that’s exactly what the trading literature tells you to do. I am not saying that losing is completely avoidable; there are times when it’s going to happen, that’s just the nature of the game, however, most of the time it is completely avoidable. What most people don’t realize is that losing is a choice. The market doesn’t care if you win or lose. The market is not against you nor is it for you. It feels the same whether you win or whether you lose, however, both winning and losing are choices. You can choose to win or, you can choose to lose. Most people don’t understand that. They don’t understand that losing is a choice and that could be because they are told that in order to win you must lose. Nothing can be further from the truth. You can’t “win” by losing.
Learn to take money from other traders
In my course I will show you how to "read" the market in such a way as to make losses very rare. I know it sounds crazy or too good to be true, but when you know what causes the market to move; when you know in advance how other traders are going to react, you can position yourself in such a way that their actions will cause you to get the results you are after from every position. That means profit in most cases or, break-even when the trade is not working out. Imagine the confidence you will have when you know that no matter what trade you put on, you have the ability to work yourself out of it without ever taking a loss. That’s power! When I decided to give courses my goal, initially, was simply to educate people. I thought that most folks were probably making the same mistakes that I had been making and they needed someone who could show them how to avoid those pitfalls and put them on a path to success.
The powerful personal reason why I teach
Then something amazing happened. The more I taught the more I improved as a trader. I discovered that when you have to explain your ideas and actions to others it makes you become even more deeply aware of the process involved in bringing about the results that you are after. Each time I taught it was like peeling away a layer of an onion and discovering something new. I became much better at my own game.
MMT concepts give a huge advantage
Back in 2002 I was introduced to MMT. Up until that point I was deeply stuck in the flawed economic ideas as beliefs of the mainstream. MMT opened my eyes. It was sheer enlightenment. I started spreading the ideas of MMT while doing my TV appearances and on a radio show that I hosted. In 2006 I began my blog and very quickly I became friends with some really smart, thoughtful people who had become readers. In the meantime, I was personally putting the concepts of MMT to use in my trading. No longer was I doing certain trades that I used to do in response to changes in fiscal and monetary policy. I saw, clearly, what the outcomes of these policies would be and at the same time I saw how the crowd was completely getting it wrong. That “crowd” by the way included some of the most well known people on Wall Street. My account balance started to really climb. The macro picture became clear and predictable. So did market reaction to data and economic news.
The only applied MMT course of its kind
At the same time the body of writing and discussion of MMT was growing, but it was all purely academic. What could be better, I thought, than to show people how to apply these concepts; show them how to actually put them to work to make money and accrue financial wealth instead of just discussing theory? That was it. Part of my reason to teach was to give people a practical and valuable reason to understand MMT. It was my way of spreading the ideas and in so doing we would be picking the pockets of the out-of-paradigm ideologues that inhabit much of mainstream economics and Wall Street.
Student after student going from failure to success
Once I started teaching my proprietary trading methods, the MMT insights and my Mental Game concepts the testimonials and personal stories from students started pouring in. The comments were simply amazing. I had so many people thanking me and telling me how, after years of steadily losing in the markets, they became profitable immediately after finishing my course. They spoke of increased confidence, reduced stress and growing account balances. Many called it a life change. The feedback was unbelievably gratifying. Let me share a few of these comments with you:
"Mike teaches you how not to lose your money, and he does so by means of mental approach, efficient market analysis, and clever application of MMT concepts to the markets."
"I want to thank you again for the class you gave. It has made a big difference in my trading. I had my most profitable week ever & actually believe I can succeed at trading in the forex market. Again, thank you for taking the stress out of trading for me. I like your method. It works very well for me! "
"Your forex course was phenomenal! I can't thank you enough for providing such a valuable course at such a great value."
"Mike’s forex course is a must for traders. It is incredibly intuitive and makes the market work for you. We did not experience a single losing trade during my week with Mike. Without much prior forex experience, I feel as though I have been doing it for years. Anyone that wishes to trade profitably must take this course. It has allowed me to systematically identify profitable trading opportunities while harnessing an intellectual and emotional framework to seize upon them."
This is just a small sampling. Please feel free to read many more testimonials here.
Hearing the results from students was so gratifying, just like I said, especially how they were using the concepts of MMT to take money from the pockets of the “Big Guns” of Wall Street. It didn’t matter to me even if it was in a small way. It just excited me to think that I could educate my own little army of traders to go out into the markets and slowly but surely take some of the money away from this misinformed, self-important bunch. I was doing the work of the good guy.
Forex beats them all
Before I give you a peek at what I teach in my Forex course let me just say that over my 35 years as a trader I have traded everything. Stocks, bonds, commodities, futures, options, all kinds of derivatives, you name it. However, nowadays, I exclusively trade Forex and let me explain to you why. The Forex markets have huge advantages. The Forex market is the largest, most liquid market in the world. It has lots of volatility, plenty of leverage and true, 24-hour action. Forex markets tend to move in long and highly defined tends because they are affected by things such as fiscal policy, monetary policy, trade policy and geopolitics. These are things that tend to stay constant or moving in one direction for long periods of time. They also correlate very well with political cycles. Contrast that with individual stocks, which are much more influenced by quarterly earnings. The forex markets can also be used as a proxy for just about any macroeconomic portfolio trade. For example, if you are bullish on commodities or, gold, you can buy the Canadian dollar or Australian dollar. If you think oil is going up you can short the Japanese yen since Japan is a big importer of oil. The Forex markets represent “one-stop-shopping” in terms of a marketplace that can best reflect your macro views.
No commissions, low operating cost
The best thing about the Forex market, however, is that you don't pay commissions when you trade. Your “cost” comes down to the difference in the bid and offer spread, which is how Forex is quoted. I get into all this in detail in the course, but for now suffice it to say that it’s very competitive and comes out to less than one one-hundredth of a percent in some currency pairs and that’s regardless of the size of the position. This fact makes Forex the most cost effective market for a trader. Oh, yeah, one more thing…thanks to the Internet you can trade Forex from the privacy of your home, office or even your smart phone or tablet.
My strategies work on any market
Here’s something that I forgot to mention: even if you decide not to trade Forex the techniques and strategies that I teach in my course can be applied to any market. So if you are a stock trader or options trader or futures trader you can still profit using same analytical principles and personal psychology lessons that I teach in my course. I once had a very successful trader at a large bank say to me, “A trader is a trader is a trader.” What did he mean by that? Simply that once you know how to trade, you can trade anything. The principles of success are the same.
Here's what I will teach you
First and foremost, my Forex Course is designed to teach you quickly and effectively how to trade the Forex markets (and like I said, other markets) like a pro. I am going to teach you how to generate significant income for yourself with a minimum of time and effort. Consider it a "boot camp" where you'll learn all the strategies and tactics that I put together from my years as a floor trader and money manager. In addition, how to avoid the pitfalls that most people get caught up in and the things that bring losses.
My approach utilizes three powerful and effective pillars
Let me elaborate on these three things...
Suppose you were in a poker game ad you knew the hand of every player at the table. This would give you an incredible advantage over the other players and make it much easier for you to win. You would know who’s bluffing, who you could beat and whose hand was stronger than yours. Now imagine you are trading and you know exactly what positions the other traders have. Not only that, but the size of their positions and where their buy and sell orders were placed. Do you think that would give you an advantage? You bet it would. It would give you a huge advantage. This is what I call Market Composition. Market Composition gives you an understanding and an awareness of the positions that are held by other market participants. Knowing where other traders are long, short and where they are placing their buy and sell orders is incredibly valuable information. When I was a floor trader on the commodity exchanges one of the things we used to do as independent traders was to get to know the bigger brokers in the pit and find out what orders they had on their books. These guys with their big order books had the ability to move the market when prices got to levels that triggered their buying and selling. They were really not supposed to disclose this information, however, like any other kind of secret "intel" it was a case of developing relationships and getting to know the right people. With the knowledge of where the large buy and sell orders were placed and where big stops were located, it became a pretty easy exercise for a group of us traders to push the price up or down to that level so that the orders were “elected” and the brokers would start buying and selling. Of course, us floor guys already had our positions on so when the buying and selling started we’d just ride the wave and exit safely with our profits. This became like a "cash machine" for making money to a few savvy guys on the floor. By the same token, if we knew where the positions and orders were placed we could use that information to protect our own positions. We were literally using other people’s money for risk management, exposing their capital, not ours. So you can see how this was not only great for making profits, but it was an amazing risk management tool. When other people were using stop loss orders and choosing to take losses, we were literally using the money of other traders to manage our risk, protect against loss and ultimately, drive our positions to profit. Market Composition is one of the fundamental things I teach you in my course. I show you how to determine who holds what positions, what size, and where the buy and sell orders are placed. With this knowledge you are using the capital of others to achieve your ends, which is profitability and effective risk management.
Modern Monetary Theory or, as it is often referred to, MMT, is the most concise understanding of our monetary system. It explains the distinction between what we see in use today in most economies, i.e. free floating, non-convertible currency systems. This contrasts with such systems as gold standards and fixed exchange rates, which were in use mostly in the past. Without getting too deeply into the theory, MMT is able to better predict the impact of monetary and fiscal policy than most of mainstream economics, which still is hindered by an out-of-paradigm, entrenched, institutional “belief” that money is finite and market forces are the determinant for interest rates. Mainstream economics got so much wrong. It got the effect of Fed monetary policy wrong when it was widely believed that such things as Quantitative Easing would cause hyperinflation. It got the U.S. credit rating downgrade wrong when it falsely believed that it would cause rates to skyrocket and it got monetary policy wrong, again, when it was believed that low rates would cause the U.S. dollar to collapse. A lot has been written about MMT and the theorists and proponents are everywhere discussing MMT in an academic contest, however, my course is the only applied MMT course anywhere. I actually teach you how to use the principles of MMT to make money and grow your wealth. What can be better than that? With an understanding of MMT and the knowledge of how to apply it, which is what I will teach you, it becomes not only rewarding from a financial point of view, but also highly gratifying to know you are beating the “Masters of the Universe” and their lap dog economists at what is supposedly their own game. You will literally be picking their pockets. I can tell you from experience, that feeling is awesome!
You can have all the knowledge and fancy indicators and forecasting acumen in the world, but if you don't have the right mental frame of mind or, what I call the “Mental Game,” you will never be successful. The secret to success really lies in your mental game. I can safely say that trading success is pretty much 99%, maybe even 100%, determined by your mental state. Oftentimes I tell people that if you lack the proper mental game you can be given inside information, someone at the Fed or some other central bank can literally tell you what they’re going to do, before anyone else knows about it, and you still won’t end up making any money. On the other hand with the proper mental game you can literally throw darts at a dartboard and make money. I say that in all seriousness because it is absolutely true. In my course I train you on how to develop the mental tools needed to control your own emotions, eliminate stress, hesitation and indecision and other factors that can lead to self sabotage and loss. The proprietary system that I created, called the P.A.D.D.T system, relies on five behavioral traits that put you in a "Zen-like" state so that your mental frame of mind is always 100% tuned to profitable trading and efficient decision making. I give you exercises and techniques to train your mind and keep it focused at all times in the way you need to be thinking. In addition, I show you how to perform mental, self “check-ups” to make sure your thinking is on track. Just like a doctor checking on his/her patients and their condition, you will know if everything is “normal” and if you find your behavior to be at risk of sabotaging your results, you can correct and get back on track. My mind control system is revolutionary. NO ONE teaches you how to do this yet this is by far the most important thing that will determine your success.
Read what student said about Mental Game!
“Your discussion of the proper "mental game" was probably the most useful aspect of the course for me. I've heard lots of discussion about trading psychology in other courses, but yours was unique as you boiled it down to just 5 main characteristics of successful traders, and then gave us concrete examples from your own experience as to when you violated each and every one of them! I got a good chuckle out of this, as I could relate to everything you described -- I'd done every one of these as well. So instead of it being some theoretical discussion about ideal traits, you made it practical and realistic. Plus easy to remember, thanks to your discussion.”
If nothing else this aspect of the course is worth it. These are traits that don’t only apply to successful trading, but to success in life!
These 3 pillars are the key to success!
The three pillar system that I outlined above is the key to success. It is the culmination of 35 years of my own trading experience and real life testing and fine tuning. I am totally confident that it will put you where you want to be, which is on the path to being a successful processional trader making more money and having more freedom than you ever thought possible.
Here's what else you will learn...
-How to greatly minimize and for all practical purposes, eliminate, trading losses -How to put the odds deeply in your favor on every single trade -How to know exactly what others are doing and how to take advantage of their game. -How to use other people's money to get the profits you want -How to buy and sell at exact turning points -How every rule you’ve ever heard or have ever been taught about trading is wrong -Why the common “wisdom” is designed to make you lose -Super effective position averaging to trade out of non-working positions -Using the order book to “see” where other traders are positioned And much, much, more.
How is this course structured?
I teach this course on the Oanda online Forex trading platform, which I have been using for 15 years. Oanda is a very sophisticated yet easy to use platform. It has over 50 different currency pairs and if you are non-U.S. based user, Oanda has not only currencies, but stock indices, bonds, commodities, futures and all the major globally traded contracts and indices. Oanda’s bid/offer spreads are also among the tightest you will find anywhere, with some pairs quoted in fractional pips. In addition, Oanda has some very useful proprietary resources that are a big part of my course. You are not limited to Oanda once you learn the trading principles I will teach you, however, it’s the platform that I use to teach. Originally these courses were live, week-long affairs held online. They were eight hours per day with an hour break for lunch. The courses always had enrollees, however, many people could not participate because of work or other commitments or, because their time zone would conflict or make it difficult with my New York time zone. All the courses were recorded so from time to time people would sign up even if they couldn’t attend the live course and view the videos in their spare time. The course fee was $2995 for the week’s worth of intensive instruction. What I am offering is the videotaped versions of the course. This is the exact instruction that I give on the live course days, just on video. This means you can absorb the instruction at your own pace in your spare time. There are five videos in all, each about six hours long and they’ll take you through the entire learning process.
The 5 lessons broken down...
Day 1: Forex theory and fundamentals. On the first day I give you lots of theory and background on Forex. What is the Forex market? Who are the players? How big is it? Trading time zones. The benefits of forex trading. Contract structure, fee structure, etc. I also start explaining some of the MMT aspect of the course and I give you many examples of how the prevailing, flawed economic thinking can lead you astray or, point you to opportunities if you understand MMT. Day 2: On the second day we continue with the MMT part of the course, examining more examples of flawed economic understanding and the implications for traders both positively and negatively. I show you how, with the correct MMT understanding you can spot the mainstream’s erroneous views and beliefs and then go on to pick their pockets. In addition, I give you a thorough explanation of the Oanda trading platform, which as I said, is what I use to teach the course. There are many online Forex trading platforms out there and you don’t have to use Oanda; they all have similar features, however, Oanda has some particular resources that are proprietary and help enormously with some of the strategic and tactical trade “set ups” that you will be looking for. Day3: The third day is where we really get into the nuts and bolts of the trading approach. On this day I will show you how to look for trade “set-ups,” how to place orders, how to look for your profit objectives and what to do to “work out” of bad positions. The latter part is key: my goal is to give you ultimate confidence. That means, no matter what trade you enter into, regardless of how it evolves, you can always get yourself out of it with a break even or worst case, a tiny loss. More often than not, however, you will learn how to work bad trades to a profit. Finally, I begin to train you in the aspects of the proper mental game and introduce the PADDT system of behavior and mental state. Day 4: The fourth day is where we really combine the live trading and get deeply into honing the mental game. I show you how to control your emotions. I give you specific exercises and rules to follow to ensure you are operating with the adequate behavior at all times. I even teach you how to monitor your own mental state, like a doctor monitoring the conditions of a patient, to make sure you are behaving the way you should and if not, to correct and get back on track. All the while we are looking for trades under my rules based system and executing. Finally, I will ask a student for any trade, totally unplanned and hopefully, the worst possible set-up they can find, specifically to get me into a losing situation so that I can show how easily and effectively you can apply my strategies to work your way out of it. Day 5: Day five was usually on a Friday and it coincided with economic data releases. I teach you how to trade the economic data. By day 5 you should be adept at employing the system, looking for trade set-ups, utilizing the proper mental game, trading with confidence and the knowledge that you can work your way out of any difficult situation. The markets are becoming your personal “cash machine” and by now you should be excited and ready to ply your skills and boost your income as a pro trader.
I charged $2995 for this course in the past
I mentioned earlier that the live course that I gave in the past cost $2995. That was for five days of instruction of how to become an expert Forex trader using my system, strategies and methods. For some, three grand may seem like a lot, but believe me, it’s nothing compared to the “tuition” you would end up paying to the markets if you were to try and learn how to trade on your own. Like I said earlier, my tuition cost me millions of dollars. That’s right…MILLIONS. That’s how much I ultimately lost over a period of two and a half decades of not really knowing what I was doing. When you put it into perspective like that, I think you will see that $2995, which comes out to less that the cost of a sandwich a day for a year, is well worth it.
The same course now for one-tenth the cost!
However, what if I told you that I am giving you the actual videotaped course; that’s the videotape of the entire, live week of instruction for less than one-tenth of the course fee. That’s right…I am selling these video courses for $250. That’s $250 for all five days; 30-hours of instruction in all.
You get my personal mentoring!
That’s not all…if you buy the course and you have any questions or want help with any aspect of what is in there, you send me an email and I will be more than happy to give you a hand and help you through it. So you get the entire one-week course, 30 hours of instruction…my trading methodology, MMT, Mental Game, all for a 90% reduction from the original course fee and there’s even more… If you are not satisfied with the course for any reason, just let me know and I will refund your money no questions asked.
Learn from a pro!
This is your chance to learn, not just from a trading pro who has spent the last 35 years doing this day in and day out, but you also have access to me for mentoring. All this and a chance to boost your income significantly while at the same time giving you the freedom that you always wanted. The Forex markets are the world’s biggest markets. My system will allow you to operate in these important global trading markets from the convenience of your home, your office even your smart phone or tablet.
Become a trader. Boost your income. Get rich. Get the course today!
Yes...I want to learn how to trade Forex successfully. I want to purchase Mike's 30-hours of intensive, Forex trading videos. I want to learn how to master the Forex markets and grow my income and savings through trading.
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Rate hike effects
If you are buying dollars on the expectation that there is going to be a rate hike by the Federal Reserve that is a position that is not going to work out for anything other than a quick trade.
Think back to all the dollar selling when the Fed engaged in its extraordinary measures like zero-percent interest rates and Quantitative Easing. While the dollar fell initially, it was only being pushed lower by sellers who believed the the low rates and asset purchases would lead to inflation. Some even said hyperinflation.
Of course that never happened. In fact the opposite happened: we saw a collapse in inflation pressures and the dollar embarked on an eight-year rally from 2008 to 2016.
The same will be true in the current situation only it will produce the exact opposite effect with the rate hikes. Rate hikes may cause portfolio buying of dollars, but those are the same misinformed traders and investors who sold the dollar in the past thinking there would be inflation.
Rate hikes and rate cuts are nothing more than price adjustments–price setting. When the Fed hikes rates that constitutes a price hike. It’s a hike in the cost of credit and that trickles down to nearly all prices in the economy. Price increases are inflationary and in an inflationary environment the foreign exchange market reflects that as a lower foreign exchange value for the currency. (Inflation means you get less for your money and that means the exchange value of the currency is lowered.)
Rate cuts are the opposite. The cuts were price reductions–deflationary–and that is reflected in a higher exchange value of the currency: you get higher purchasing power; more for your money.
The rate hikes that the Fed is currently embarking on will lead to a long-term decline in the dollar or, at least a decline for as long as the Fed will continue raising rates.
The thing to remember is that each time the Fed raises rates it increases inflation and that will show up in the economic data and they will respond by raising rates some more creating a cycle of rising prices, rising inflation and a falling dollar.
The bottom line is, buy the dollar now and risk not making money unless you get out right away. The big money will be made on the short side.