2. Because Forex is so liquid and leveraged, those who succeed are the smartest, richest and most well informed people on the planet, aka George Soros and his friends. You simply do not have the intelligence, wealth or access to quality information and analysis that they do so why try to compete against them? As evidenced by the recent fraud case against SpongeTech and PennyStockChaser, those promoters and management have the intelligence level of Forrest Gump. I can make a thousand analogies explaining why it’s SO much easier to trade against these morons, but after you try out my free video lessons and begin to see it all yourself, you won’t need me to teach you anymore, you’ll be self-sufficient which is my entire goal!

3. Forex prices move very quickly and the reaction to breaking news happens within seconds and minutes. Because penny stock manipulation takes time to plan and enact and the people trading the stocks are practically illiterate, it takes hours and days for price to fulfill their predictable patterns giving you plenty of time to prepare and participate in each trade. The best analogy is penny stocks are like Little League whereas Forex is the Major Leagues. When you’re coming up to bat would you like a 100mph fastball or a floater thrown by a nine-year old?

4. Penny stocks are simpler. While forex prices gyrate wildly due to rumors, news and those anticipating the rumors and news, volatile penny stock chart patterns are truly straight up and then straight down with very little variation. That is the beauty of trading pump and dumps, the chart patterns are like pendulums and you just need to learn how to buy on the way up and short sell on the way down. Or choose one side and specialize in that.

5. Penny stocks have greater odds of success. Sure, sure, it’s far less money and you don’t get the gambling thrill you do with Forex since down here in the gutter it’s more like taking candy from babies (or those who are have the intelligence of babies), but we are winning approximately 75% of the time.

I’ve put together an in-depth (and free) video lesson series that will teach you everything I know about Pennystocks. Rather than just hearing me talk about my strategy and my thoughts, signup to my free video lesson series so you can learn from the specific trades and patterns themselves.

Tim Sykes
Click here to learn more!

As I wrote a few weeks ago, the failed Trader Monthly magazine editor-in-thief, as several ex-employees refer to him, Randall Lane, has been writing his memoirs these past few months, exploring all the angles of what it’s like to bankrupt not just one but two magazines and deserve the absolute hatred of just about every person I talk to in the financial publishing world.

The guy owes money to nearly half a dozen financial writers and is the subject of one of my most popular blog posts ever.

But as an editor-in-thief who won’t stay down, he’s turned to his latest writing gig at The Daily Beast (along with reviewing NYC’s top restaurants???), he’s resorted to implicating Jim Cramer and his prodigal son Lenny Dykstra in a nasty penny stock promotion scandal in the article below.

Shady Randall Lane claims shady Jim Cramer employee Lenny Dykstra took “$250,000 worth of secretly issued stock—in exchange for recommending that stock to TheStreet.com subscribers” which makes Jim Cramer shady for recommending shady Lenny Dykstra as anything other than a thug (I’ve written about Dykstra too)

Students of my video lessons know this kind of corruption goes on all the time and the beautiful thing is that its predictable enough to be consistently profitable for those who learn to identify it. As Jim Cramer’s ratings and TheStreet.com’s ratings prove, nobody expected much from them anyway, but this is a great example of why I’ll probably NEVER have anyone else writing on my site–it’s just too easy to take a big wad of cash from some junky penny stock and pass it off as a real pick…scandalous but true.

I WILL NEVER TAKE A DIME OR SHARE FROM ANY PENNY STOCK OR THEIR SHAREHOLDERS, MY STRATEGY AND MY PICKS ARE PURE AND REAL.

It’s early in this case as Randall Lane’s word is about as solid as his financial publishing reputation (absolute shit), so read the article below and let’s see how this thing plays out…Cramer has made a ton of enemies over the years so I wouldn’t be surprised to see them pounce on this and make it bigger than it probably is:

Oh and please do try to ignore the passages that require further editing such as:

“I was running a company I had co-founded: Doubledown Media…” should read “I was running a company into the ground…”

Stay on top of this stuff like I do!

Tim Sykes

Free Video Lessons

Today I am alerting you to a potential trade that is currently forming in the Eur/Jpy. Let’s take a look at a chart to see what I am talking about:

This is a daily chart of the Eur/Jpy and as you can see from the yellow lines the pair has been stuck in a inside candle patter for most of the month of may. Now the thing about these patterns in that the longer the price action is inside of a candle the larger the move is when it finally breaks out. And considering the fact that this pattern has been in effect for 14 days now. It’s safe to say that when this thing breaks its going to move hard.

There no way to tell when this breakout is going to occur. It could occur today, tomorrow, or two weeks from now but when it does its going to be an amazing opportunity for profit.

Just remember not to take a trade until after the breakout occurs and then trade in the direction of the break. If this trade takes a long time to develop don’t get frustrated just continue your trading as usual and remember to check on it after the close of each daily candle to see if price has closed outside of the yellow lines. Also remember the longer price stays in the pattern the larger the breakout and more potential pips for you.

And if you have any doubt about this technique then look at the chart below:

This is the same exact chart but with the previous inside candle as the focus. Look at how price moved down after the breakout. Price moved down for nearly 1000 pips before there was a pull back.

Now its too late for you to profit on this trade, but I have showed you what you need to do to profit on the next. All you have to do is act. Until next time.

Happy Trading…

If you would like to learn about more patterns like these and how you can discover how you can learn the secrets to trading for a living then visit BeatWallStreetNow.com.

1) Remember that there is no perfect solution, and there are no completely “safe” investments. Diversification is an attempt to manage risk by spreading out the risk among different assets.

2) The services of a good financial advisor are important. Their job is learning about everything having to do with personal financial management. They can answer your questions and give you sound advice; as long as you pick a good one.

3) You’ll want to divide your stock holdings among several different sectors. Having too much money in a single industry, such as healthcare or technology or real estate, could be disastrous if something bad happens to that group of stocks.

4) Most people will tell you to buy mutual funds. However, mutual funds have fees, often on average do no better than the indexes, and are harder to get in and out of. Though they do sometimes have tax advantages. Talk to you your financial advisor about holding ETFs instead. ETFs trade like stocks but are attached to specific indexes instead. For example, if you think biotech is an industry with good long term prospects, there are several biotech ETFs that track the movement of 20+ stocks all in one asset.

5) Beyond stocks, it’s a good idea to hold CDs, and bonds as “safer” investments, and many people recommend at least 5% of your portfolio go into precious metal related investments. Since early 2000, the price of gold has gone up over 400%.

6) It is possible to be too diversified however. This is where fundamental and technical analysis comes in learning about Sector Rotation techniques can seriously improve your portfolio.

2) Develop a good strategy. Have all your rules set in writing so you don’t even have to think about whether or not to take the trade when you see an opportunity.

3) Find a good broker. Use a broker that’s always available, has good fill times, and it well respected in the industry. Talk to friends and read reviews online to find the best one for you.

4) Only use money you can afford to lose. Remember that you’re not always going to win, in fact, especially when you’re starting out, you’ll probably lose a lot, so only trade with what you can afford to lose. This will also help you make better, rational decisions.

So what’s a trader to do?

http://www.ino.com/info/553/CD4064/&dp=0&l=0&campaignid=3

Regardless of how you feel about gold, this market presents some great trading opportunities that you can capitalize on using our “Trade Triangle” technology.

Now, hard-core gold bugs will not subscribe to this method of trading as they prefer to buy physical gold and hold onto it or bury their bars in their backyard, and to be honest with you, there is nothing wrong with that belief.

I’ve been asked to update our outlook on gold, so I thought that today I would make a short video to share with you some of the points I see in the current market.

http://www.ino.com/info/553/CD4064/&dp=0&l=0&campaignid=3

As always, our videos are free to watch and have no obligation. The only thing that we ask is that you share your views on our blog. The views can be bullish on gold or bearish on gold, the choice is yours to make.

Enjoy the video,
Adam Hewison
President, INO.com
Co-creator, MarketClub.com

I mean let’s be honest here no one is perfect and even though as people we like to strive for perfection in an attempt to keep our fragile egos intact even the best of us fail. You just have to accept the fact that in this business you are going to be wrong sometimes.

Let’s look at baseball. The best hitters in the game have batting averages of around .300. Do you know what that means? That means that they only get on base 30% of the time that means that they fail 70% of the time. And I don’t know but the last time I checked Derek Jeter wasn’t sitting somewhere beating himself up every time he strikes out.

Now I know what you’re probably going to say” but that’s baseball everyone knows you’re not going to get on base the majority of time” And that is my point exactly. You see baseball players have accepted the fact that they aren’t going to hit a homerun or even get on base every time the step up to the plate. They know that sometimes things just don’t go your way and that it would ridiculous for them to expect to be perfect. They have accepted failure as part of the game.

They can do this because they know that they will have another chance and they have removed all unreasonable expectations from themselves. This frees them up to just concentrate on just hitting the ball.

Imagine what the great Hank Aaron’s career batting average would look like if every time he was at bat he kept thinking about the last time he struck out. It would be horrible.

So when you take a loss just accept it as a normal part of doing business and keep it moving. Don’t ever bring the emotional baggage of a previous loss with you on the next trade because I guarantee you it only going to lead to another loss. And before you know it you’ll be sitting in front of your computer looking at an empty trading account. And trust me that’s not a good feeling.

If you would like to learn about more patterns like these and how you can discover how you can learn the secrets to trading for a living then visit BeatWallStreetNow.com.

Recently the stock went from $0.01 up to $0.27 in a couple of days, almost tripling in price.

And now BLAP is consolidating which could lead to another run to the upside:

BLAP had a huge volume on the recent rally which shows accumulation. Then the stock dropped in lower volume and it’s currently trading near an important support.

In case BLAP resumes its uptrend, it can reach $0.025 fast. That’s a 56% profit compared with today’s price.

As you can see on the chart, BLAP has several spikes, which give us the opportunity to grab fast profits. So, in case you buy stocks around the current levels, you can use $0.025 as a short term target and $0.04 as a long term target.

While there’s always risk in any stock (especially on a penny stock) BLAP offers us some nice opportunities as well. So, if you’re a risk taker, keep an eye on BLAP.

To get more free stock picks, just go to Top Trading Picks and sign up our newsletter… We pick the best stocks, and send them to you by email, 100% free… Sign up now!

Recently TRMA broke an important downtrend line, and the best thing is that this breakout occurred in great volume:

Now the downtrend is theoretically over, so TRMA can now start a long term uptrend which would send its share prices much higher:

On the short/medium term TRMA can reach $5. That would represent a 52% compared with today’s price.

On the long term TRMA can reach $7, which would represent a 113% profit for those that buy the stock at the current prices and hold them for the long term.

To get more free stock picks, just go to Top Trading Picks and sign up our newsletter… We pick the best stocks, and send them to you by email, 100% free… Sign up now!