FxBootcamp.com and FXstreet.com are celebrating its 40th edition of the popular live training event “Trade Non-Farm Payrolls Live” with a special contest!.
Click HERE: http://www.fxstreet.com/forum/showthread.php?t=52742
Do you want to know how to participate? OK, here’s the deal: just write a brief essay answering the following question: What I have learned from trading NFP live with FX Bootcamp? Yes, just that: post below this message a brief essay about what have you learned with Wayne. Deadline for your answers is September 7th, 2009 at 12.00 h. (08.00 h. EST).
After the deadline the jury, compounded by Wayne McDonell, Valeria Bednarik and FXWizard, will choose the three best essays and announce the winner.
Prizes will be as follows:
For the very best essay:
- 1 free pass to the International Traders Conference hosted by FXstreet October 14-16 2009 in Barcelona – Spain
- 2 free nights during the conference at the Hotel Barceló Atenea Mar.
For the second and third best essays:
- 1 free pass to the International Traders Conference hosted by FXstreet October 14-16 2009 in Barcelona – Spain
Good luck and happy pips! 
First Few Postings:
I attended around 35 NFP. Wayne help me with these:
1. I am not affraid of looses - I cut them very quickly
2. I am not affraid pull the triger becouse of possibility of being wrong.
3. I started to do analysys before I pulled triger - I am not reacting on price.
4. I am still brek even but my selfconfidence is much much higher.
5. I follow rules written in front of my computer and heve no problem to do that.
6. I still do not trade even I see set ups - that is what I have to fix.
Peter
I’ve attended about 10 live NFPs with Wayne and the crew and more than anything, I’ve learned to be humble when trading. Wayne will very often remind us that NFP is extremely risky and it isn’t the way to make consistent money, often times it can be a gamble and that is not what good traders are all about. The concept of capital preservation above all has kept me out of some very bad trades and the second I think Wayne is too conservative and jump into an NFP trade that looks like a no brainer the market reminds me it is best to be humble and listen to what experts like Wayne are saying.
Thank you Wayne, I hope you continue to have these live NFPs because I have learned something every time, even though I’ve only traded during a handful of them.
Best,
Paul
How not to trade is a discipline that is learnt through hard work and painful losing trades. After watching the NFP today, it has left me in no doubt that I shall personally Never, EVER, EVER, trade at or around release of the NFP news release as has been proven the market is completely unpredictable and volatile. No amount of oscillators, indicators or other highly technical analysis will protect me from losing or risking my valuable trading capital. Having an understanding of how the market adversely reacts to NFP news release is and will make me a better trader for the long term. Lesson Learned - To not be sucked into the moment as a consequence of GREED. Many Thanks Wayne - one of the best lessons I have learnt from you and your trading methods. I’m a huge fan or your training and trading methodology.
All the Best
Jonnie
Hi Wayne,
I attended approx. 15 NFP. and I have never taken a trade during these sessions
Wayne have explained capital preservation so good so many times during these sessions
Which I find very good because that is the most importend you can do.
I also like Wayne’s way to explain the fundies and his enormus knowledge about the fundies.
If people will pay more attention to avoid loose money instead of how much money they can make, they will do very well.
Wayne have made it clear for me, not be affraid of have made a wrong desission that will course me a small loose.
Also I trade out of a rule based plan, that is made upfront in writing before any trading.
Keep it simple:
What do I do?
When will I do It?
Why I’m doing this?
Kind Regards
John
I’m ashamed to admit that this is my first NFP session after I knew about fxbootcamp since March ‘09.
Now, I rarely attend live webinars, but of all I’ve attended, it was the most fruitful two hours I ever spent in one. Trading is an extremely lonely profession where the slightest slip of concentration in the markets can prove fatal and, lacking another way to put it better, that concentration-induced loneliness takes away a bit of humanity from me each time. That is the reason why I’m very thankful for the opportunity to be reminded on why we’re trading, how we’re supposed to create a trade plan, and how to decrease the odds for having to take a loss due to occassional moments of indiscipline that slips into even the very best of traders. And all these during a session supposedly about NFP per se, too!
Wayne just has a way of teaching and reminding that is entertainingly refreshing and upbeat, whilst keeping your feet firmly on the ground. It makes me want to stay on post-NFP even if he talks about something that has little to do with the technicals and fundamentals of trading. That is because even if I’d restore just a bit of humanity within me by staying on, it’d have been worth it.
Thank you again,
Mick.
Thanks Wayne and FX Street, this is my 15th NFP, I keep coming back because I enjoy Waynes laid back easy to understand style of teaching, his passion for FX is contagious. I have learnt many things from sitting on my hands and not trading to following a plan and sticking to it, buy low sell high, patience, fibs and pivots but the best advice for me was to start a journal and record each trade this has certainly helped me learn to become a successful trading making dollars.
Thanks Cobber
Fergie
Perth WA
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