FXholic's Philosophy is based on your Trading Plan. Your Trading Plan stands on the principle of Learning and Earning as you go. Trading Plan's explosive results are generated by the tremendous power of Geometric Progression.

Geometric Progression -the compound effect that turns a penny into millions- comes in play when you set up your DAILY Trading Routine based on the 7 Steps Checklist which is comprised of Risk and Trade Management Rules that help you transform possibilities into certainties.

Magic kicks in, when going for a handful of DAILY PIPS and keeping them, becomes second nature to you. It is extremely simple to do and because it is also extremely simple not to do, this is why the vast majority of traders are getting slaughtered in the Markets.

We design our Trading Plan using FXHOLIC's Equation and that's what we'll talk about on the next Episode.

FXholic's Philosophy is that you should treat FOREX Trading as a proper Business, using a Business Plan and a System that generates consistent repeatable and scalable results.

This is the only way to Success and there are no Shortcuts. It doesn't happen overnight, you need to put a lot of effort to this and most of all, you have to be consistent and persistent.

Your FOREX Business's Business Plan is actually your Trading Plan. To design it you need to start from the end and think backwards. That's what we call reverse-engineering but it's nothing more than setting a goal and working on the steps necessary to reach it.

For the sake of SIMPLICITY let me stress once again that Trading is about Rules and Criteria. It is about taking pre-calculated risks and it is about establishing a DAILY ROUTINE of Incremental Progress through BABY-STEPS.

Starting with $100 you are only 14 Doublings away from your 1st Million learning how to become a KILLER TRADER in the process.

Your first Doublings may last forever, but remember that perseverance is key and if you keep going, the rewards will be tremendous.

I had been the victim of the FOREX Industry where everyone wants you to believe that "you can't beat the Markets", "nobody can make predictions", "it takes special skills and a genius mind to succeed in FOREX". Till I realized that you don't have to beat the Markets, you only have to be the BOSS of your Trades. You don't have to chase hundreds of pips, only LOCK your Daily Pips. You don't have to be Michael Schumacher to drive your car to the destination of your choice.

Successful trading is a REPEATABLE and SCALABLE PROCESS.

If you are an "excuses" person, then I suggest you stay away from FOREX Trading till you "fix" your attitude.
-Why do I say that?
Because you already don't like your life and try to escape from all the bad people who are taking advantage of you and the unfortunate circumstances that push you down the drain. Because you tend to consider others responsible for everything bad that happens to you, it will be FX Broker's fault, Market's fault, FED Reserve's Fault, ECB's fault, BoJ's fault if you lose all your family's savings in a few bad trades. You will not even think that your bad choices led to the terrible results. You have the "I know it all" mentality and that's going to give you the knock out when combined with Forex Trading. Your "majesty" will fail to admit that it's your lack of knowledge and daily discipline that eat up your Forex Account and your Life.

Happiness is an inner state of being and Wealth's Currency. Its value gets multiplied when spread. The good news are you are born happy and wealthy too. Happiness has been planted in your heart like an acorn.

It represents your true wealth creating potential, your talents, your charisma everything that makes you so special and unique, all the reasons your heart should sing for and all the reasons you should be grateful for. You can't create wealth and expand as a person unless you acknowledge the power of the acorn inside you, unless you feel happy for being alive.

Truth is like a diamond. It has as many facets as the angles from which light shines on it.

Philosophizing has the purpose of seeking YOUR truth shedding light to the facets that are of essence to you and that means it's your guidance system towards spotting the best little choices that make up your every day course in Life.

Your philosophy filters the options you are DAILY presented with and the keyword here is ...DAILY.

Filtering your options and making choices is what pushes you UP to Success or DOWN to Misery. Your Philosophy is your personal system of beliefs. It either makes you or breaks you.

If your Philosophy is in line with the instant gratification "trend" of our society, then you believe in lottery-riches, you use microwaves to make your eggs faster than 5 minutes, you love instant photos, instant coffee, instant relationships through instant messaging and always look for "push-button" solutions to every imaginable issue.

You have the "million-philosophy".
You want millions and you want them NOW!

To you, wealthy people were either born with a silver spoon in their mouth, got extremely lucky or hold super-natural powers in the forms of skills or talents. You believe in events instead of processes. But all Laws of Nature and Life are about cycles and processes.

Most of us think that our net worth reflects who we are. But this is not just a wrong belief it’s also a destructive way of looking at life. Our net worth represents what we have, and all “things” we have are the ultimate result of expressing who we are through our actions.
Who we are and what we believe to be, molds our reality offering results shaped by actions. The proper order of things is TO BE, TO DO, TO HAVE.

Years since I started setting my foot in the Markets, counting my losses and disappointments, realized that state of Confidence was the thin line separating the ignorants from the successful. Unfortunately the books, the systems and the Programs I got my hands on, were confusing me more than helping.

It was clear that most FOREX Trading experts either didn't know their stuff well enough to explain it in plain words to a beginner, or they were part of a Carnivorous System that is basing its existence on the short cycle of 6 months within which more than 95% of new Traders lose all their money.