This post could disturb many and possibly most 4x traders and I say good. Certainly I don’t give a damn if any of you read this web-page .

And it is secondary to me that most forex traders are idiots or at best, blind sheep in the herd. It’s not my fault that I make serious money every day predictably and most gullible traders lose and go broke.

The simple fact is that most forex traders are drones who blindly drift along a of marketing hype and most forex experts are only big-noting “expert status” always using greed only trying to sell the masses something under marketing hype of “guru”.

I have no status but I reliably and typically make a routine $30,000 clear net profit almost every trading day and I have no interest in selling you a single thing. There’s not a thing you can purchase from this website.

With the introduction of computer-based Platforms Trading, the telephone-voice and often criminal broker cut out of dealing-desk market manipulations that telephone order trading was previously corrupted with – we retail traders have more of an honest chance to profit from the markets. The playing field is more level now. Though there are still forex brokerage houses that steal your trades via platforms trading – mostly it is merely idiot trading that gives rise to losses.

Now I have your attention, let’s now get my most upsetting fact on the table so you can all heave your guts up, and get bitter and twisted that I of course am a complete lunatic. Here we go;

“Stop Loss triggers do NOT STOP Losses – they CONFIRM LOSSES”.

I say that it is wrong to close fx trades in loss when almost always these trades can be closed in profit at some other time.

Getting in your face about this – any 4x trading position that is in loss now will typically be in profit at some time soon enough because of changes in market mood, news announcement, Fibo retracement or whatever – and most of the time a bad price today is fantastic tomorrow.

And because of what I am arguing here about price action is very true, closing a bad trade ever is nonsense!

The proper course of action to take with a losing fx trade is hedge cover that trade by means of an opposite. The hedge trade immediately equalizes any and risk to your bottomline and gives you time to consider what you action next.

Frequently when price action continues to go against the first trade – I then hedge the thing again and it is common that I will hedge a bad trade 5-10 times!

For example, assume I buy/sell a lot and it goes bad which I immediately hedge – and I usually hedge it at the price most idiot traders would have exited it with a stop loss order. As the price action is now going crazy in favor of my hedge, every set number of pips I will open more hedge trades. By this method my total equity is well above where I would have been with just the one trade, and certainly I’m way into profits ahead of the sheep who would have used a Stop Loss setting.

It was funny watching the NFA as it tried to muscle its will on the retail 4x trader banning its member 4x brokers from facilitating hedge trading. What an impotent joke the NFA made itself out to be – given that all professional and smart money simply migrated their accounts and cash out of the United States. The effect the NFA had seriously damaged the United States as a financial center; further confirming London as the heart and soul of most currency action.

Even those forex brokers with United States operations simply moved those cash accounts who demanded hedging capabilities off-shore – end of that story. All smart money demands hedging capabilities. Stupid money uses Stop Loss trigger.

This article attacks the center of this mainstream and idiotic concepts ever to do with fx trading. It isn’t rocket science people – but seems this sense is not so common.

Philson Beckett is a fulltime fx trader, but has no forex products to sell. He is opinionated and known to contradict mainstream thinking with his fx trading style. Bringing in $7,000,000-$8,000,000 net cash flow profit from his well equipped home-office, he feels no need to participate in mainstream fx meeting places and debates. He does offer some ideas about Platforms Trading from time to time and further Trading Platforms discussions which have no losses concepts.