Forex Brokers relentlessly spread the gospel of fast paced and high volume trading:
Perfectly timed entries and exits on an intra day basis with high leverage for high profits.
In addition forex brokers provide the framework for learning "How to Trade Currencies".
This however, is the poison chalice for the forex traders.
They say the following:
Forex trading is not difficult at all.
You only need $25 - $100 to trade.
With that meagre deposit & the wonders of "leverage" you can make mega bucks.
All you need is intraday charts and how to identify "high probability" trade setups.
You can trade in any timeframe of your choice.
You can "manage your risk" with "stop-loss orders".
You should "risk no more than 1% - 2% of your account on any one trade".
Above all they want you to believe it is quick to learn and easy to make money.
Unfortunately trading like this also is the root cause why most forex traders fail at what they set out to do.
Albert - NZ
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The Untiming Course Structure & Content
Course Structure
The "textbook" for the course is Bird Watching in Lion Country - Retail Forex Trading Explained.
The latest edition is included in the course price.
The necessary "theory" is described in BWILC and then treated in detail in the course.
The course teach you everything you need to know about the BWILC trading strategy.
At the same time you learn practical relational analysis (what drives currency price changes).
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Course Methodology
The BWILC textbook is available as a PDF (ebook).
Lessons are in the form of text documents with explanations and instruction.
Model responses or "group wisdom" (a compendium of previous responses) are provided for most of the tasks.
Course material is released on an automated basis via email over the course of approximately a month.
You get my weekly relational analysis briefing plus updates & discussion in my Community Forum" for 6 months.
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Course Content
First Things First
Personal Introduction
Your Forex Trading Goals
Your Forex Broker
Leverage & margin
BWILC Summary
Paradigm Shift
The "high probability trade" problem
From "Intraday timing" to "Big Picture" perspective
What is in the last price?
Systematic patterns or unpredictable randomness
Key to timing: Untiming
Relational Analysis
What is Relational Analysis?
Relational Analysis Sources
Current Relational Analysis themes
Weekly Briefings
Relational Analysis Frame Work
The Median Trading Methodology
Median Grid Basics
4x1 Trading Basics
Risk Management: "Inside" the Median Grid
Risk management: 4x1 Trade structuring
Trading
Trading Bias: 4x1 trading & Relational Analysis
Median Grid Trading Tactics
Personal Trading Plan
First Steps in 4x1 trading
Trading Plan: reporting and evaluation
The Untiming Course includes an one-on-one evaluation session of your trading plan and your first few weeks of trading.
This session can be arranged at any time after you have prepared your Personal Trading Plan and traded it for a few weeks.
Followup one-on-on sesssions can be done with a personalization module.
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Untiming Course Options
Option #1: Self Study Untiming Course
In the Self Study program feedback consists of "Group Wisdom" and "Model Answers" provided as part of the course material.
A few days are allowed to complete a task, then the model answers or "group wisdom" feedback is emailed to you.
The Self Study course includes an one-on-one evaluation session of your trading plan and your first few weeks of trading.
Self Study "Personalization Module"
Once you get to the practical trading stage you might find things a bit tricky and be in need of more hands-on guidance.
For this purpose you can add a "personalization" module.
It is very structured around specific goals, your reporting of trading progress, my evaluation and feedback. Communication mainly via email, Skype instant messenger and to a limited extent voice.
It is very much like a short period of personal mentoring, starting when you turn to practical trading after completing the lesson "Median Grid Trading Tactics".
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Option #2: Assisted Untiming Course
By choosing the Assisted Untiming program you secure my personal assistance from the start of the program.
You will be expected to send your lessons "tasks / responses / answers" to me for evaluation and response if needed. (You still receive "Group Wisdom" and "Model Answers").
You will have two one-on-one sessions:
Putting your 4x1 Strategy together
One-on-one evaluation of your Personal Trading Plan
and
"A personalization" module of three months included. It can be taken at the end of the Untiming Course period to extend it with a full three months. (This naturally include briefings and forum access as well.)
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Upgrade Option to Personal Mentoring "Class"
You can at anytime upgrade to the personal mentoring program.
If you upgrade within 6 months the full Untiming Course fee you have paid
will count towards the Mentor Program enrolment fee.
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Do I get the BWILC e-book if I buy the course?
Yes.
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I have BWILC 2004, do I have to pay the full price for the Untiming Course?
Yes.
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Can I start at any time and is there a time limit to complete the course?
Yes, you can start at any time. No, there is no time limit to complete the course work. The only limitation is the subscription of 6 months to the briefings and forum. This will automatically start after one month into the course unless you have activated it earlier (the most likley scenario).
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Must I have a live trading account to start the course?
No.
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Must I have a demo trading account to start the course?
Yes that would help a lot, afterall it is about forex trading, not just theory.
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Must I use a specific forex broker if I take the course?
No, you can use any broker of your choice. (If you are in the US or Canada where regulation bizarrely intrude on how you execute your personal trading strategy there is one preferable forex broker. We recommend this broker for affected traders.
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Do you recommend brokers?
Indirectly I do, if asked, based on aspects like regulation, your proposed live account size and my experience with specific brokers over many years.
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Do the weekly briefings start at the same time as the course?
You will receive a subscription link at the appropriate time during the one month course delivery period. The subcription will be valid for six months. You can decide when you want to start the subscription. My advice is that you start soon after you got it.
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How does the feedback work?
A few days are allowed to complete a task, then the model answers or "group wisdom" feedback is emailed to you.
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Can I get personal feedback?
Yes. Included in the Self Study Untiming course is an one-on-one evaluation session of your Personal Trading Plan.
For additional personal feedback and personal support you can consider a
Personalization Module or choose to join the Assisted Untiming Program.
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What does the Personalization Module practically entail?
It is very structured around specific goals, your reporting of progress, my evaluation and feedback. There can also be ad hoc discussions / sessions. Communication mainly via email, Skype instant messenger and to a limited extent voice.
It is very much like a short period of personal mentoring, starting when you have completed the theoretical part of the course.
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What is the cost of a Personalization Module?
Personalization involves my personal time. Signup fee for personalization is $300. This consists of an assessment of your status quo and mentoring for two months. Thereafter the fee is $150 per month or $300 per three months for as long as you want to continue with personal feedback and support.
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Do you offer a payment plan?
Yes, for the Self Study plan you can purchase the Course lesson content for $200 and subscribe to relational analysis briefings and forums for $50 per month. Total fee for six months =$450. Your personal evaluation session will only start after five months on the program.
For the Assisted plan the first payment is $300 followed by 4 monthly payments of $150 each. Total fee for six months = $900
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Can I later upgrade to the personal mentoring "Class" and what will the cost be?
Yes. If you upgrade within 6 months from starting the Untiming Course the full course fee will count towards the personal mentoring program enrolment fee.