something interesting

<  BACK TO Mr. Markets

Try Before You Buy!

If it seems too good to be true it ALWAYS is!

Newsflash! Trading FX is not an easy way to make a living! It isn’t even an easy way to hang on to your capital!

Why would anyone tell you the secret of making money in the financial markets? If there was a secret, a magic formula or FX alchemy, it would  certainly be harder to find than simply typing “how to make money trading FX” into a Google search.

At FXPIG we ARE different! Each PIG owns a part of the “knowledge cake” but none of us has it all. We can provide all the tools you need but it is the client himself who must decide the how what when and why of his strategy.

Unbiased access to usable information is as close that we can get to providing guidance. There are numerous seminars courses, signal providers, EA’s and robots but particularly for a newcomer, understanding needs to be built. Why do markets move? Find out for yourself; study, read, use a dummy account but please, please, stay out of the hands of the “get rich quick” brigade who will hinder more that help any novice trader’s progress. Learn, verify. Learn some more, verify some more. It is the only way. When looking for a broker, trust is far more important than gimmicks or bonuses!

Who am I talking to?

Trading is a never-ending journey! I have been involved in FX more than twenty-five years but (even) I find that every day is a school day. But and it’s a big but, the knowledge base needed to sell FX product to retail traders is diminishing almost daily.

That is a counter-intuitive statement I know but when you start the journey to becoming a successful trader there will be any number of calls, emails and other communications from “sales traders” at brokerages where they treat the whole exercise as a numbers game. Low pay and very high bonus structures lead confident young people into operations where they are given supposed leads to contact, up to 200 per day in some cases. Where did they get your name and or contact details? How did they know you were considering FX trading? The wonders of the web and the software that has been developed to filter your activity, clicks and searches.

When this guy calls you, take his name before hanging up and search him (or her) on a professional social media site. He will have either had, at least, four similar jobs to the one from which he is calling you or will have been some kind of sales assistant in a retailer. This is a sweeping generalization but you get the picture. Were you crazy enough to provide him with any encouragement, you would then be part of the system receiving ever more strident calls offering free this and that in exchange for a signup.

There is, of course, a better way!

Why believe me, couldn’t I just be another of the ex-washing machine salesmen? Well the first thing to do is read back through the “Mr Markets” posts on this site and you will see that I do have the experience, then contact one of my colleagues through the site and be impressed by the whole new experience of being treated as a valued client by a salesman who will take you through everything from A-Z and provide a degree of trust that has become rare in this business.

I have used an image before of a nerd sitting in his parent’s basement poring over charts, data and his own algorithm scratching his head as another trade heads south. The reality of dealing with FXPIG is that we are your PARTNER, not simply your broker. Clients to us are there to be cherished and nurtured not treated as simply another number on a whiteboard in an anonymous office full of 21 years old’s desperate to make another sale.

When asked “what have you got to lose” remember this word from someone who has (not yet) seen it all.

“PLENTY!”

If it seems too good to be true it ALWAYS is!

Newsflash! Trading FX is not an easy way to make a living! It isn’t even an easy way to hang on to your capital!

Why would anyone tell you the secret of making money in the financial markets? If there was a secret, a magic formula or FX alchemy, it would  certainly be harder to find than simply typing “how to make money trading FX” into a Google search.

At FXPIG we ARE different! Each PIG owns a part of the “knowledge cake” but none of us has it all. We can provide all the tools you need but it is the client himself who must decide the how what when and why of his strategy.

Unbiased access to usable information is as close that we can get to providing guidance. There are numerous seminars courses, signal providers, EA’s and robots but particularly for a newcomer, understanding needs to be built. Why do markets move? Find out for yourself; study, read, use a dummy account but please, please, stay out of the hands of the “get rich quick” brigade who will hinder more that help any novice trader’s progress. Learn, verify. Learn some more, verify some more. It is the only way. When looking for a broker, trust is far more important than gimmicks or bonuses!

Who am I talking to?

Trading is a never-ending journey! I have been involved in FX more than twenty-five years but (even) I find that every day is a school day. But and it’s a big but, the knowledge base needed to sell FX product to retail traders is diminishing almost daily.

That is a counter-intuitive statement I know but when you start the journey to becoming a successful trader there will be any number of calls, emails and other communications from “sales traders” at brokerages where they treat the whole exercise as a numbers game. Low pay and very high bonus structures lead confident young people into operations where they are given supposed leads to contact, up to 200 per day in some cases. Where did they get your name and or contact details? How did they know you were considering FX trading? The wonders of the web and the software that has been developed to filter your activity, clicks and searches.

When this guy calls you, take his name before hanging up and search him (or her) on a professional social media site. He will have either had, at least, four similar jobs to the one from which he is calling you or will have been some kind of sales assistant in a retailer. This is a sweeping generalization but you get the picture. Were you crazy enough to provide him with any encouragement, you would then be part of the system receiving ever more strident calls offering free this and that in exchange for a signup.

There is, of course, a better way!

Why believe me, couldn’t I just be another of the ex-washing machine salesmen? Well the first thing to do is read back through the “Mr Markets” posts on this site and you will see that I do have the experience, then contact one of my colleagues through the site and be impressed by the whole new experience of being treated as a valued client by a salesman who will take you through everything from A-Z and provide a degree of trust that has become rare in this business.

I have used an image before of a nerd sitting in his parent’s basement poring over charts, data and his own algorithm scratching his head as another trade heads south. The reality of dealing with FXPIG is that we are your PARTNER, not simply your broker. Clients to us are there to be cherished and nurtured not treated as simply another number on a whiteboard in an anonymous office full of 21 years old’s desperate to make another sale.

When asked “what have you got to lose” remember this word from someone who has (not yet) seen it all.

“PLENTY!”

lastest Articles

Quips of Wisdom
FOREX Trading Wisdom:Clear Markets
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Forex Today: Aussie weakest in Asia risk-off, eyes on BOE inflation report hearings
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (19.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Fed's Williams: Fed to continue hiking rates along gradual path
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold ticks lower to $1220, though downside remains limited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY (19.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
SKRILL Policy Change
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Dollar Lower Ahead of Crucial Week for Brexit and Italian Budget
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Weekly Results
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Time Off
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Draghi’s speech: Slowdown has raised questions about strength of growth outlook
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY (16.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD – Euro ticks lower, investors eye U.S retail sales
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Never Happens
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY (15.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (14.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Breaking Rules
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Gold Prices May Fall on US CPI Uptick, Hawkish Powell Comments
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD gyrates around 1.1300 ahead of EMU GDP, US CPI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FX Today: Pound sees two-way trading in Asia, Eyes on German GDP, Brexit Cabinet meeting, UK CPI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (13.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 13.11.2018
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Risk rebounds on easing US-China trade woes; UK wages, ZEW – Key
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (12.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar Flying High on Hawkish Fed Statement
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Trading Rule #10
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
GBP/USD challenges 1.3000 post-UK data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY retreats further from 5-week tops, at low point of the day
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (08.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY Technical Analysis: Upside capped by the 200-day SMA at 130.21
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Trading Rule #9
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Forex Today: US dollar extends post-US election recovery ahead of FOMC decision
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (07.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Crude Oil Technical Analysis: Black Gold continues its descent as bearish EIA data sends WTI to $61.00 a barrel
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Trading Rule #8
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOMC: No urgency to raise policy rates
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY ( 07.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold turns higher for the day, up little around $1235 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Trading Rule #7
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Forex Today: US dollar better bid heading into the US mid-term elections
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (05.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY (05.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Trading Rule #6
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
FX Today: GBP – a big mover in Asia on mixed Brexit news, focus on UK services PMI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
It's Time To Fall Back
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Weekly Results (29.10-02.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Strong Fundamentals Boost Dollar with US Midterms in Focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY struggles to build on positive move beyond 113.00 handle, NFP in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Trading Rule #5
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY (02.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (01.11.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Trading Rule #4
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Gold stages a solid rebound from 3-week lows amid notable USD supply
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 01.11.2018
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (31.10.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Breaking News: GBP/USD jumps as Raab says a Brexit deal is expected by November 21
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD – Euro yawns as Eurozone CPI, GDP meet forecasts
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s Visco: Widening of Italy-German yield spread reflects the risk of default
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Trading Rule #3
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY( 31.10.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (30.10.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY (30.10.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Trading Rule #2
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD still looks to a visit of 1.1315/01 – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Trump offers reprieve to Asia, focus shifts to Eurozone GDP, German CPI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (29.10.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Cautious start to a Big week ahead, eyes on UK Annual Budget report
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Trading Rule #1
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 29.10.2018
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar Pays Heavy Price for Equity Sell Off
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (26.10.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD Technical Analysis: Big bears offering Friday surprise as the market is reversing down sharply to 1.3050 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Technical Analysis: Bulls keep the trend intact as the Yellow Metal is nearing $1,250.00/oz
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -26.10.2018
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom:Talk yourself out of bad trades
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (25.10.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/JPY sticks to modest recovery gains, above 128.00 mark post-ECB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: Judge yourself not by the outcome
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD Technical Analysis: Set-up points to an extension of the bearish trend, ECB awaited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold turns lower, hits intraday low around $1230
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY recovers a major part of early slide to over 1-week lows, retakes 112.00 mark and beyond
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
Changes on Banking
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
PAMM News
Managed Forex Accounts Daily Results (24.10.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
GBP/USD Technical Analysis: Flirting with a descending trend-channel support, 6-week lows ahead of May's speech
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/JPY struggles near 6-week lows, just below mid-145.00s
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD recovers to 1.3100 ahead of BOC rate hike
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: trading is to play great defense
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
AUD/USD surrenders early gains to levels beyond 0.7100 handle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY Technical Analysis: Forming a bearish Head & Shoulders pattern on hourly chart
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: In a sideways consolidation phase, around $1230 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (23.10.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD recovery halted ahead of 1.1490
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD – Canadian dollar continues to drift, BoC expected to raise rates
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar Index fades the spike to tops above 96.00
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Wisdom: your goal is to trade well
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD Technical Analysis: The pair remains capped by the lower 1.1600s
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Brexit: Negotiations continuing – Deutsche Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP futures: neutral so far, further decline not ruled out
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (22.10.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png