After I took a look at the Forex Time Machine, I KNEW it was one of those courses that could create a rift in the trading community… because those folks who get their hands on it will have a marked edge over those who don’t…

In the past 2 weeks, over 78,915 traders bombarded a special, "insiders" Forex training website.

There, 35+ year trading veteran Bill Poulos exposed his 2-part Forex "risk eraser" technique, revealing the key easons most people lose in the Forex markets…

-and how to INSTANTLY transform your Forex trading with a subtle "mindset flip" that most traders get completely rong.

Now, it looks like a major change is about to occur with how individuals like you profit from the Forex markets.

Why?

Because Bill’s "risk eraser" concept is turning a lot of heads and making people realize the true key to creating asting profit potential in these markets.

And based on the early feedback he’s been receiving from those lucky enough to see a preview copy of his new training ourse, it looks like he’s on to something.

You see, Bill does everything in his power to give you the "keys to the kingdom" where you understand EXACTLY what to o when you go to place a trade. There’s never any second guessing or wondering.

CAUTION: This is NOT for "systems junkies", or individuals who like to let others make their trading decisions.

But it IS for traders who like to have FULL CONTROL of their destiny in the markets.

Bill’s new training course is called the "Forex Time Machine", because its goals are to:

** ERASE RISK every time you trade; today, tomorrow, next month, or next year…

-the concepts he teaches you are "future proof", so you can have confidence they’ll be a permanent part of your trading toolkit" for years to come.

** SAVE TIME by trading in any timeframe, even as little as 20 minutes a day…

-you’ll further reduce risk and maximize your profit potential when you trade ONLY when it’s right for you…

** ENJOY 3 TIMES the profit potential when you learn to spot 3 kinds of Forex "profit pockets" on any chart you look t…

-you’ll have the tools to do as much "profit getting" as possible in all major Forex pairs so you don’t let that next homerun" trade get by. His 3 step-by-step methods show you how…

But it may already be too late, because he’s initially only releasing 300 copies to give his "charter class" of new tudents the attention they deserve.

So unless you’re already consistently taking home more Forex profit than you know what to do with…

-go ahead and check out the detailed letter Bill wrote for you that reveals all the info behind his "what works now" aproach to "erasing risk" on your Forex trades:

Get Forex Time Machine Now

I hope you make it into his "charter class" before it closes.

A short time ago we provided a series on Forex Trading Methods and how a forex trader can recognize a good method.

Now, let’s review one Forex Trading Method that meets our test for a good trading method and reveal why it’s a good trading method.

Our criteria for trading methods and the basis upon which we make our recommendations are:

• In-depth, detailed learning instructions
• Trade Opportunity Identification
• Entry Rules / Exit Rules
• Trade Plan and Strategy
• Risk Management (Initial and Ongoing)
• Product Support (Materials and Customer Support)
• Additional Product Tools (Forums, Member Websites)
• Product Guarantee

Any course, program or forex trading method must meet or exceed these.

Forex Time Machine

This is the most recent in a series of Forex trading methods from trading veteran Bill Poulos of Profits Run. Bill has most recently released a day trading course called Forex Income Engine 2.0 and previously released one of the longest running forex trading courses, the Forex Profit Accelerator in 2007. He is very well respected as a trading educator, teaches his students from the ground up, and is one of the few out there who doesn’t hype with ridiculous performance returns or guarantees.

If you don’t know Bill or have not had an opportunity to get some insight on his education style, watch this video as he teaches traders how to manage risk in every trade:

Click Here to watch Bill’s video

We were talking with some forex traders about one of the problems affecting them while their trades were ongoing and found a common issue — watching winning trades become losing trades.

As we’ve talked about before, if you aren’t managing your forex trades, from entry point to exit point, you’re going to see this happen to you – and it will likely happen often.

Here’s the root of the problem:

A trade is entered along with an initial stop loss. What most traders do is try to get ALL their profit at once, but they don’t actually have a ‘target’ –

When the trade initially gets profitable, many traders will ’screengaze’ — they get focused on how much they’ve made or are making at that moment. What they don’t do is plan for exiting the trade — they overstay in the trade and frequently watch their profits evaporate when the market turns against them (and then compound that error by staying in EVEN LONGER to ‘get back’ those lose profits). This is a losing proposition in forex trading.

In short, they let GREED cause them to lose sight of the purpose of the trade.

What is the purpose of a trade? To maximize gain and minimize risk – it IS that simple.

Maximizing gain does not mean you exit a trade at the absolute ‘Top’ – it does mean that for the duration the trade is on, you have a set of rules that determine where you’ll exit for profit – and it isn’t where YOU think it is! More on that in a bit…

Minimizing risk means more than just setting that initial stop loss — you MUST manage your stop losses throughout the duration of a trade.

When forex traders enter a trade they must protect their capital first and think profit second. When their position starts trending up, they can take the right action to protect their capital AND their profits.

In fact, most successful forex traders ASSUME they’ll lose on every trade. They perform this psychological trick to make sure their risk strategy is always top of mind! Once a trade turns in their favor (much to their surprise), the first steps they take is get themselves into a break-even trade situation; followed by aggressive stop loss management to maximize their profits on the trade.

They think risk first, profit second.

Watch this video to see how it’s done:

Our research and surveying has confirmed that too many new and inexperienced forex traders simply do not know how to manage risk in each trade — and all too often, the result is the same: they wipe out their accounts.

Here’s what we find is happening. Forex has grown in popularity so quickly that many traders who are new to forex trading have just waded into the waters, opened an account and have begun putting on trades without any real thought or planning to how to approach trading.

It should be obvious that the problem with this thinking is little to no understanding of how to approach trading foreign currencies and the significant risks to capital that it poses. All to often, new traders try to trade first and learn second.

And the result of that learning is the loss of their account balances. Hey, let’s be honest, trading on a demo account is never the same as trading with real money. You do not apply the same emotional control, the same trading principles or rules, you’ll take greater risks with the demo account and play too safe with the live account (often to your own loss).

Reverse your thinking: learn first, trade second. In fact, across the board, the need to reverse people’s mindsets about forex is what is needed. Learn the right way to trade first, and THEN take that knowledge to the market and trade with it.

As part of that learn first scenario – the NUMBER ONE element to trading forex that new, inexperienced or unsuccessful traders should learn is how to MANAGE RISK FIRST in every single trade.

Today, one of the most well-respected Forex educators, Bill Poulos, released a video that teaches traders EXACTLY how they should be trading forex. And, how traders can put more trades in their favor by erasing risk — it’s very cool thinking and it isn’t what’s being taught by most of the so-called ‘Gurus’ out there.

Catch the video here:

http://www.yourforexangle.com/y/?i=996938&u=4&l=f3

By learning to manage risk FIRST, traders will find their trading transformed as they are able to approach forex trading with an entirely different mindset, a plan for erasing risk and a solid set of rules by which to trade.