Longwood Currency Trading

Here's the problem...
This isn't a sales pitch. It's a problem we all have. It's there, and it needs a solution regardless of who you are.

I was able to solve it first through my investing in real estate, and now in currency trading. Here's the problem: If you're not happy with your job, or the amount of money you make or have, how do you change that?

If you're 50 plus years old and realize the horrible situation that you just don't have enough savings or the time left to accumulate them to be able to retire, how do you change that?

If you're 30 years old and realize the horrible situation that most of the 50 plus year olds you see who just don't have enough savings or the time left to accumulate them to be able to retire, and that if you don't start doing something right now to accumulate wealth or you won't be able to retire either, how do you change that?

So, how do you solve that problem?
The answer is that you need to have your money make money, rather than you working to make money.

Not much happens with your money in a savings account, currently paying maybe 1% - other than saving it and watching it erode with a 2% to 3% inflation rate. Do you really know enough to invest in stocks, or gold? Do you have the capital and skills necessary to buy, improve, manage, and sell real estate? And how are those 401k, IRA, etc. accounts your broker holds for you? How are those doing?

The other thing with all of those investments is that they take time to compound into meaningful amounts of capital. Like 20 years. Have you got a lot of money to start with so that in 20 years it can compound into a significant nest egg that you can then take enough out a year to last you 30 years in your retirement? In fact, do you even have 20 years to make that happen?

And if you think that you'll accumulate enough money by working 40 years at your job, then why is it that the average American between the ages of 55 and 64 has only accrued about $104,000 in retirement savings? Though that may sound like a lot, it really isn't when you realize that would only provide less than $300 a month at a safe withdraw rate of 3%.

Not to be grim about things, but the average Social Security payment is only around $1,300 per month. With retirement savings, that's $1,600 a month.

So, how do you make significant money from your money regardless of your present job, financial situation, or age (I didn't start trading until I was in my 60s!)?

Well, you need to invest a little of your time and money to learn what I learned after a hard and difficult career as a software engineer.

I faced retirement in a little bit better shape than most because I had saved some money. But regardless of that money, I knew that it, along with Social Security, was just not going to provide sufficient income. There'd be no real margin for error.

The sudden demise of a car, new roof on the house, or unexpected medical bills could make life a little difficult. Or how about just having a dog! In October of 2017, I had to pay out over $800 for x-rays, surgery, blood tests, and several prescriptions of doggy-meds for my mini Australian Shepherd, Beau. Love him to death, but $800....

I discovered the FOREX foreign currency markets quite by accident (and not until my 60s!), and became fascinated with how much better these markets were for investing in than stocks, bonds, commodities, or even real estate.

You see, one of the main problems with all of these other asset classes is that they rely on time to compound in value. But I was at a period in my life that I no longer had that time. However, with FOREX, time disappears! The problems of compounding go away!

Why is this? Well, I'd love to tell you all about it....

But first, what if you are currently doing well?
But what if you are happy with your job, and you are happy with the amount of money you make or have?

If so, you're a very fortunate person. You've obviously worked hard, and have skills that are valued enough that your income exceeds your expenses such that you not only have savings, but disposable income and growing net worth.

Not to be dramatic here, but you should still be concerned. I was in that exact situation. Twice. And I lost a Million Dollar net worth. Twice.

Sure, I was able to come back each time. But it took me 10 years. Each time. And during those periods, things could have simply not worked out. Things did work out. But I was more lucky than I had ultimate control to make anything happen because most of my assets were in real estate.

Look, it's fine to, as Andrew Carnegie once said (in a June 23, 1885 address to the students of Curry Commercial College of Pittsburgh, Pennsylvania): "Put all your eggs in one basket and then watch that basket." But a basket full of real estate can deteriorate far faster than your ability to liquidate it in time to save yourself. So can a stock and bond portfolio, both of which I had, and everything just flat-lined.

I've been through 4 severe economic down-drafts in my life and watched helplessly each time as that basket evaporated. Because I understand the rules of this game, all I lost was net worth, not assets. But as I approached retirement, I evaluated that basket with the timing of the market, cashed out, and banked previously vulnerable, and mortgaged property for cash and mortgage free assets.

What I'm getting at here is two points if you are doing well. First, at some point your entire conventional asset base will come under duress, perhaps even catastrophic decay. You need to have the skills to weather this. Second, you may find yourself "out of time" for another run at conventional asset growth. You need to have the skills to weather this.

So, what are you going to do to avoid this? Well, I'd love to tell you all about it....

About education and mentoring
If you're chomping at the bit to get into trading, or if you're already trading and not having the success that you feel you should, then you need a mentor. It's as simple as that. You're just not going to learn this stuff from a book, watching YouTube videos, or taking on-line courses. Sorry, but that's just not going to happen....

Look, there are a lot of really competent folks out there to choose from that teach trading. I'm just one. Just like not everyone you come into contact with will be someone you'd invite over to your house for dinner, not every instructor out there will fit your specific personality or needs. Look at how many steak house restaurants there are, for example. I mean, really, how much different can you fix a steak? How do they all survive then?

Well, it's because each of those restaurants, even though they basically serve the same thing, have their own unique style and atmosphere. The atmosphere provided at one restaurant just may not be attractive to you, whereas the atmosphere at another causes you to feel really good about the whole experience. Look, you can fix the steak at home on the grill for 5 times less money. But you go out to that restaurant for the experience....

Finding a mentor
Finding a mentor is basically the same thing. You need to find someone you feel comfortable with, someone who can express themselves in a manner that you can directly relate to and who will enable you to become a better trader.

A mentor is a coach, who, though competent in what they do, has that unique ability to help someone else become even better than they are. I've been involved in the martial arts since 1968 and am at the Grandmaster level, so I know a few things about learning, developing skills, and the difference between just teaching and being a mentor — I have martial arts students who have been with me for 30+ years. I get it.

Do you think the great Tiger Woods listens to his caddie or coaches because they are all better than he is? No. He listens to them because they can take an objective view of what he is doing and express it in a manner that enables him to get better.

But, of course, that doesn't mean just anybody out there with a little training is going to be qualified to mentor you. They have to be good, really good for that, right? Sure they do. No doubt about it. But, even if the person who is offering to teach you has made 30 million dollars, that's not enough to determine if they can teach you how to be successful.

A good trading coach or mentor will teach you the same 'stuff', just like a good steak house will serve you the same good steak. Your goal is to find the best environment for you to enjoy that steak. And so too, you need to investigate a lot of trading coaches in order to find the one that you're going to be the most comfortable with, the one that you'll flourish with as your mentor.

Use caution in selecting a mentor
There are, unfortunately, not only a lot of bad steak houses, but there are a lot of bad trading coaches. There are a lot of folks out there teaching stuff that they don't use themselves. There are even a lot of trading coaches who don't trade! I love to watch the videos from some of these folks, though, as they are inspiring of 'the story'.

But don't be fooled by all of that. Be aware that many of the companies advertising on YouTube videos are really multi-level marketing companies that show big gains from folks trading, but most of those gains are from money they make from getting others involved in the game. And so many companies are just flat-out scams. It's really scary if you don't know what to look for.

And, please don't fall for the guy that says he has 90% winning trades, or that with their system you only need to have 40% winning trades. Those are all just useless metrics to base your judgment on. And just run from anyone who's 'proof' of how great a trader they are is based on them flagging their 'certified' trading and bank account statements at you. Remember Bernie Madoff? Please....

You should choose your trading mentor the same way that you would select an attorney: you interview them and determine for yourself if you feel comfortable with that person based on your conversation vs a sales pitch, advertisement, or parchment paper certificates hanging on the wall.

Sure, that's a long process, and it takes work. It's an unfortunate fact that most folks who go into trading will spend more time picking out a pair of shoes than they will selecting a mentor. If you don't do your homework, or you pick the cheapest alternative, then you get what you pay for. Sorry, but that's just the way it is.

I've been in the martial arts since 1968 and hold a Grandmaster ranking. I didn't achieve that by myself. I was persistent and I had mentors to point the way for me. Of course, I had to do the work. But a huge part of what I was taught was that once I had mastered that art and myself, my responsibility was to share that knowledge with others. And so, since I have benefited from my experiences in trading, I feel I have a responsibility to work with others. And that's why I teach trading. Simple as that.

Learning to trade the currency markets
I'm not pushing training programs as my business. I'm a trader, and I'm in this business to make money and to enjoy life. However, I feel I have a responsibility to help folks who seek my counsel. But, before considering Longwood Currency Trading as your mentor, please consider the following quote by Jessie Livermore because it embodies the essence of my thought process:
"The only way you get a real education in the market is to invest cash, track your trade, and study your mistakes."

The objective of taking a class and practicing is to learn how to win substantially more when you win than you lose when you lose so that over the long run you come out ahead.

My astounding discovery...
It was only after years and years of losing in simulated trading accounts, and way, way too much real money, that I finally did figure it out.

Part of the solution was by simply applying the same principles I used to become a millionaire in real estate. I stumbled at first with it because of the time differential in these two investment vehicles.

Once I saw how to alter the process, though, everything fell right into place. But that was just a small piece of the puzzle.

What I discovered was really remarkable.

Remarkable because it brought my trading to a hugely successful level in literally just a few months.

How successful? Over a 10 month period trading my simulated account under a strict set of rules, I averaged over 15% per month returns. Of course, that was in a simulated account and I didn't believe that would be reproducible in a live account with the differences in conditions there. But, I realized that I was on the right track.

Trading isn't hard nor is it complex. You don't need a physics degree to trade. In fact, that was one of my problems: I thought it would take some complex algorithms to trade successfully.

Boy! Was I wrong on that.

Once I understood that, I knew I'd be a good teacher and mentor for someone wanting to learn to trade. The folks I've worked with have all said pretty much the same thing:

"When you first started working with me, everything was so simple. But as the course work got more detailed, my trading fell apart because I was trying to make it difficult. But by the last course, you pulled it all together for me so that it became simple again."

The price of admission
Some of the folks I've referred to this web site feel discouraged because they think they don't have enough money to get involved. All they immediately see is that to trade 1 full lot of a currency pair requires somewhere in the $6,000 to $8,000 range, depending on the pair traded.

It's nice if you have that much money to trade with, just like it might be nice to be able buy a BMW. But you might only have enough money to buy a $3,000 used car to get you started. It's the same with currency trading: it's nice if you have $8,000 or so because then each pip move in the price is worth $10.

However, you can trade mini lots with an $800 account and make $1 per pip, or even trade micro lots with an $80 account and make $0.10 per pip. Regardless of all that, you shouldn't even start trading real money anyway until you've practiced in a no risk, free simulated account.

Not a sales pitch....
On a final note, if we met somewhere and I handed you my business card and suggested you visit this web site, I don't want you to think all I was doing was hitting you up to pay me money to teach you how to trade.

You can learn how to trade on line for free; you don't need me. I gave you this reference in the event you've never heard of the world currency markets. Check it out and see what's going on for yourself, and why I'm excited enough about it to have shared my card with you.

Training options
If you're interested in discussing training options with me, I want to assure you that I teach because I can and not because I have to. I'm a trader and business owner first and foremost; not a traveling salesman looking to build a training business. And besides, as I try to patiently explain to my friends: I'm reeee-tired, and I'd just as soon trade my own account and enjoy life in my deck chair.

Because of this, I only offer private mentoring programs, small group workshops, and hourly consulting, all on a limited basis; workshops, for example, mostly when I have the urge to travel somewhere.

Is it expensive? Of course it's expensive. My fees are equivalent to what a good attorney would charge you, except he's only going to cost you money and I'm going to show you how to make money.

Information on my educational services will be available on this site's training pages if I receive enough outside interest.

If you have any questions about the currency markets, trading in general, or if you'd like to discuss training options, please don't hesitate to throw me an email: training-at-LongwoodCurrencyTrading-dot-com.

Those initial conversations are always at no charge. Maybe I can at least point you in the right direction, or show you how you can get started on your own.

"I believe that having the discipline to follow your rules is essential. Without specific, clear, and tested rules, speculators do not have any real chance of success." - Jessie Livermore