A Message From Sterling….
Hey everyone, my name is Sterling Suhr. I’ve been trading now for nearly 10 years. You and I more than likely have quite a bit in common when it comes to forex trading. Like most, I started trading forex and thought it would be rather easy. The unfortunate part is that belief, and the hope that goes along with it pushed me into buying every scam forex product there was. I’ve tried every EA, software, strategy, chart pattern, candle pattern, signal service, ect…like you all with negative results. The bottom line is mainstream forex trading strategy will continue to fail retail traders. It wasn’t until I realized this point did I begin to see success.
On a personal note I currently reside in South Western Michigan. I personally love this part of the country and enjoy having a taste of all four seasons. I was recently married in May of 2012….and Chad has given me a stiff warning to not have children:) As a personal hobby I enjoy aviation and really anything to do with the outdoors.
Our Beliefs & Purpose at Day Trading Forex Live
Our main purpose is to inform traders of the internal workings of the forex market. It is a simple fact that all markets are manipulated by the banks which we term as “Smart Money” (SM). They manipulate markets because they can, and to be honest I would too if I had the deep pockets to do it. Many think that stop hunting is done with malice as its intent. Manipulation which is often seen as stop hunting is however not done with malice as its intent, it is done out of necessity. It is as simple as basic supply and demand. Banks move massive positions and therefore they need a massive amount of supply to satisfy their demand. Because of this forex market manipulation is a must in order to enter positions as well as to exit them.
Our method revolves around being in the market in the same direction as they are and profiting right alongside them. Yes they have the advantage of controlling or “allowing” every market move, but because of their size they leave a clear and discernible footprint in the sand that we as retail forex traders can learn to follow. Our beliefs are really quite simple. We can all agree that the banks move the forex market, right? In fact only 10 banks control over 70% of the daily forex volume. Would it not be logical then to conclude that these mega banks have a forex trading strategy of their own? Why then would we try to apply our own rules to a market that THEY control? If they drive this market, and they do….then we must learn to trade forex by following their trading strategy rather than trying to apply rules of our own to a market that we do not control.
Our strategy is based on identifying what the Smart Money is up to and we only enter trades when we can discern the position the banks are taking with a high degree of certainty. Our single job as a forex trader is to understand what the banks are doing….if you understand the position they are taking you will know with a high degree of certainty what the next short term direction of the market is. We are strict proponents of limiting our losses and letting winners run, with a minimum of a 2 to 1 reward to risk ratio on all trade setups. Our desire is to show you Forex trading for what it is, and get you past all the hype and false claims that are perpetuated in most forex marketing these day, thus allowing you to get realistic profits with a sound understanding of how the forex market truly works at its core.
Some Very Important Food For Thought
The video above is absolutely critical for those learning to trade forex. Your life as a forex trader is at stake….and I urge you to watch that video all the way through at least once. After watching it really think about the questions it raises because it could mean you success or failure in the forex market!
You and I as discerning forex traders have to ask ourselves the hard questions. We have to be willing to accept that the mainstream trading strategies are created to keep traders losing. The longer they keep you losing the more money the brokers make from your trading losses, and the more products they can sell you. For some of you, admitting to yourself that you have wasted months and many times years of your life on false mainstream trading strategies will not be something you come to accept readily. You may even read this and start to get mad at me. I get it….your not ready to accept it. Getting mad at me allows traders to reassure themselves that they haven’t been duped by mainstream ideology. Before you leave this site thinking I’m wrong I want you to ask yourself these questions…
1.) We all know brokers profit when you lose and lose when you profit….this we can agree on. Why then do they teach you to use indicators, EA’s, candle patterns, chart patterns, and all other main stream trading strategies?
2.) Can you think of even one broker that is willing to teach you how to understand and trade market manipulation?
The bottom line is the banks drive every move in the forex market. There is no such thing as a random move during the liquid times of the trading day. If you ready to break free from mainstream ideology we have a wealth of information here for you. Day Trading Forex Live is not just a site to Chad and I, it is our passion. One thing you will quickly notice is the quality of the content. Our rule is if its not beneficial to the reader we don’t post it period!
The Keys To Success
So where can you go from here. First and foremost we recommend you signup for our free forex trading newsletter. You can find a signup box for this below. I understand our site is quite large, and you could spend (and we recommend doing so eventually) hours and hours pouring over the vast amount of quality content. The forex newsletter is great because it will “drip feed” you our most up to date content. You will additionally receive access to our FREE live forex training seminars we run for our newsletter subscribers every month.
After signing up for our free forex trading video newsletter below I urge you to view the posts I have hand selected for you below…follow them in order…
These four forex training videos and articles will give you a good foundation that you can build on. We put a great deal of time and effort putting this content together, therefore we strongly suggest you give it your time as it is our life’s work laid out for you. After you have gone through the material above then you can start going though all the different sections of the site. Everyday we post a Daily Forex Commentary for the EUR/USD and the GBP/USD. This is invaluable information you should read daily as a great deal of time and energy is put into keeping our readers up to date on the following days forex news, as well as any financial new critical to the market.
For those who would like an in depth view of our proprietary forex bank trading strategies you can check out our Forex Trading Course. If you ever have any questions we want you to contact us. We are real people and if you email us you will receive a personal response within 24 hours. Member or not we are hear to help so shoot us an email with your trading related questions. We look forward to meeting each and every one of you…until then happy trading!