The Dr.’s Lab

2015 © Tyler Kendall Moore

Understanding The League

(EUR) Seattle Seahawks Vs. New England Patriots (USD). The foreign exchange market is like a game of football,

when one side is winning, the other side is losing. EUR/USD = Euro vs. U.S. Dollar. When the Euro is getting

stronger (EUR) the U.S. Dollar (USD) is getting weaker and the pair will be bullish. Ex. If the Seahawks throw a

HUGE pass to the end zone in the 3rd quarter and now the score is (12-6) the Seahawk's are winning and the

momentum is on their side.2015 © Tyler Kendall Moore

What goes UP, must come DOWN.

Pair U.S. Dollar Weaker U.S. Dollar

Stronger

EUR/USD UP DOWN

GBP/USD UP DOWN

AUD/USD UP DOWN

USD/CHF DOWN UP

USD/JPY DOWN UP

USD/CAD DOWN UP

2015 © Tyler Kendall Moore

The 3 P’s of Trading3 P’s:

Patience + Patterns = Profit• Patience: Without PATIENCE it will be hard for the

average trader to succeed. To become a fully profitable trader you must be like a sniper trained to shoot on target after hunting it down.

• Patterns: Believe it or not the market moves in a similar behavior to humans. 80-90% of the market are humans, so that means it moves in a habitual manner. It follows the same routine day in, day out, like when we wake up and go brush our teeth. It follows the same routine over, and over and over. If you didn’t find your set-up today, you could come back tomorrow, or later on in the night to look for a position.

• Profit: TAKE YOUR PROFIT. “After you’ve hit your goals for the day, week, month, year, take your profit or get yanked by the ear.” That means to LISTEN to your GUT and when it says GET OUT. GET OUT.

95%

5%

The Truth About Trading

Traders That MakeMoney

Traders that don'tmake money

2015 © Tyler Kendall Moore

“

”

You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing

Warren Buffet

2015 © Tyler Kendall Moore

How To NOT Blow Your Account

4 Sure-Fire Ways To Blow Your Account FAST

• OVERTRADING: If you’re in a losing position, do not keep adding on to it. You should NOT have 3-4+ losing positions live at ANY time.

• Jumping The Gun: Trading is more like Double-Dutch, you time your entry’s like you would before you jumped into the center of the ropes. Have you ever got in a position TOO early, only to wish you would’ve waited like your GUT told you to do? Then you end up in a losing position and having to either take a small loss or wait it out? Trust your gut and TIME those entries.

• Taking Too Many Trades At Once: You should only take 1-2 positions low risk (or whatever your risk tolerance is) at 1% - %3 percent of your account. Trading is MATH, not gambling and if you want the edge, you’d better learn to count.

• Listening to TOO many sources: CNBC, Bloomberg, The Weather Channel, who cares what the experts THINK. That’s their opinion. You should be glancing at your charts making your own analysis and trusting what YOU see not what someone else says. Even if they are right, do your own research. 2015 © Tyler Kendall Moore

How To RECOVER from a BIG Loss

A Few Magical Things You Could Do To Regain Your Confidence And RAISE Your Account Balance

• Crawl Before You ball: You’ve probably heard this many times, but you must CRAWL indeed before you can BALL in this game. Most traders come in with small accounts which means they may have to work a bit harder in the beginning to build it up. If you’re ever knocked down, start SMALL, build consistently, then scale up.

• STOP!: Yes! That’s right, STOP! Do not collect $200, go back to Demo. If you’re receiving a string of loses, stop losing your REAL money. Go back to demo, practice then come back after a consistent 3-5 days on demo to get your rhythm.

• Learn MORE: That’s right, learning more help you turn those losing trades into WINNING trades. The more you learn, the more you learn Craig, so you better open up those books, YouTube, and anything else you can find to make you sharper. You shouldn’t get information overload because not only are you STUDYING but you should be APPLYING what you’re learning.

2015 © Tyler Kendall Moore

Let’s Hear From Some Of The Best Forex Traders In The World

Bill Lipschutz“There are a million ways to structure the trade and the devil is in the detail. You could have the dead right idea and lose money. If your timing is slightly off, you could lose. You have to structure your trade in a manner that increases your probability, your upside, and decreases your downside.”

George Soros“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.”

John R. Taylor”I had the feeling that foreign exchange wasn’t very well understood by most of the people in the world. I found a couple of people who agreed with me… and we became a quantitative shop that tried to measure psychology, political change, trends in the market.”

2015 © Tyler Kendall Moore