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Hi reader,

My name is Bil Cox. I have been practicing and ytrading for about 3 years now. The first time I came across the forex market was while I was looking for ways to make money online. Everything I tried failed or I found out there were always extra costs to endure that never equaled the money I made. I wanted something that I was in control of. The forex market looked like the perfect fit.

I was good with numbers, heck I am fascinated by them,lol. I like to break down the big picture and find the small steps along the way.
I'm always looking for clues to solve the problems. Before this I spent hundreds of hours working on formulas to beat lotteries. I found ways but never at the cost I could afford to risk, so those are laid up till I finally get to where I need to be financially to use those systems for myself.

The forex market is a little like the lottery but there are big differences. The lottery is all about the odds. The forex market is more of a prediction but both require a lot of luck.

When I started, I was nailing down winning trades in practice but also gambling and not using good money management which busted out a lot of practice accounts along the way. I knew I would have to change and be more patient and be a lot less of a gambler. Over the past 3 years I have had many successes and many failures. At one point I was doing very well and thought I would try managing someone's account. 2 accounts were failures for me and I quit managing immediately. I had much more to learn, mostly money management.

Right now I have what I think is a very good money management system. It's different than most traders but I find it safer and effective.
I use it with any trading system I produce. it is the key to keeping my accounts in good order and profitable.

I have worked and produced 3 systems of trading that have all worked quite well. One quality all my systems have is they must be able to produce at least 60% winners consistantly. I feel I have accomplished this.

The first one is my TPAT system. It is the 20 pips a trade system. It's purpose is to be able to scalp 20 pips from every trade I make daily. As I have found in my research that almost every pair of currency will go up and down 20 pips from the midnight opening price before the end of the day.

This gives me confidence that no matter which way I go on a pair it will reach at least 20 pips from opening. However if I set a S /L I will easily get stopped out most of the time. So I don't use one. My results improved tremendously, though at times there were a couple that may have some big losses but I still was able to come out ahead in the end.

The second system I produced was the 17 hour day trader. It is based on what a pair will do on average in a 17 hour day starting at midnight. I use the average number of pips a pair will travel daily. I adjust this number down to make sure it would be reached at least 70% of the time on a daily basis. Each month I re adjust up or down depending on the past month's activity.

This has been a good system to date if done right. The target pips are based on the present trend. So I have different targets for up trends and down trends with each pair. Some of the users have tried to use the uptrend targets when the pair was in a down trend and they have gotten stopped out with big losses.

Same with the TPAT as I use the RW% indicator to tell me whether to buy or sell each day. If you go with the trend you will always have better success.

Now my 3rd system id the one I love the most. It's pretty accurate and easy to read and use. I use it to figure out how many pips I can gain in a week with a pair. It's simply a channel system which can be used for scalping or mid to long term trades. I use this to come up with the trades I sell as signals.

Though I don't like to call them signals because really they aren't. They are trades based on where the price is in the channel and which direction it is headed during that particular week. I have taught this to only a couple of people so far. It is doing well for me so I'm only guessing that it is working for them also.

I also use the channels for my trade forecasts. It gives me a fairly clear picture of how a price is going to go as long as 4 months down the road. I haven't tried it for a longer period yet. Small steps ,lol

But my first forecast has been a winner on almost every trade sequence I came up with using this system. It gave me prices to buy then close then sell then close then buy again. Though if every single trade would have came through and opened as I predicted and would have produced over 10,000 pips, To date it had produced + 4517 pips the past 4 months. I can't be disappointed about that.

It seems that all my systems have the ability to produce around 1000 pips a month on average. Know if you know ahead of time that you were going to have a positive gain of 1000 pips every month, what would that mean to you in dollars? You could trade confidently forever and greatly increase your wealth every year.

But though I am producing this kind of success I still have that shaky feeling that if I go for it full steam ahead somehow I will lose it all. So I'm going to keep using my money management technique and stay safe. The one thing I have is time and only the good lord can take that away.

On a lesser note. I have tried to help others here at MMG. But to date I feel I have let them down too many times. I want to continue helping but I expect my info to be positive all the time. When it turns against me I get really down to a point where I quit communicating as if I were them I would think I was full of crap. Maybe they don't feel this way but I do. Believe me I am my worse critic. I expect perfection but unfortunately for me I'll have to learn to accept
humiliation at times because this market is an animal and will eat me up if I don't stand my ground.

With the limited opportunities to make money as a poor, hard working individual, I find this market is the one way out of the living week to week on a paycheck cycle and sooner or later I will get ahead of the game by using this tool that is still available to the common man. Hopefully before our government
who seems to want to keep us down in their control decides to take this away from us also.

My goal is to someday be able to do nothing but trade currencies for a living. It gives me the potential for great profits and allows me the time to enjoy life.
I will master this art and gain control of my own life and future while releasing me from the clutches of financial worries, making others rich and worrying about what decisions our leaders make. I can see the light but just haven't reached it yet.