I just got this very nice testimonial

Just got this from another satisfied student and subscriber to my MMT Trader report.

"Mike, you are selling your MMT Trader report (a treasure) too cheap. I feel like I am ripping you off.  Plus the Forex course...OMG...it's the best money I ever spent on courses."

Cool.

I need to "trade out" of my long, USDJPY position

Yesterday I posted here how that early morning 300 point collapse in USDJPY was ridiculous.

It came about as a result of the BOJ standing pat on rates. "That's how people trade?" I asked.

Well apparently.

As if a greater degree of negative rates was somehow a "stimulus." The whole thing was absurdity to the extreme and completely out of paradigm with the current reality so what was I supposed to do? I simply HAD TO go long USDJPY and I did.

That trade was actually in the money for about 2-3 hours, but then it turned around and we're about 100 pips lower than where I bought in.

Then what did I do? Did I panic? Did I beat myself up? Did I frantically PAY the market to get out and take a loss?

No. That is not the proper mental game and not the proper strategy.

While I believe my reasoning for buying USDJPY was correct (although in the backdrop there is a serious, bearish dollar environment developing now), it is not working out.

What I teach in my Forex course is that we trade according to the principles of MMT. This trade was. (Japan enacting a nearly, $200 billion FISCAL stimulus for the economy and earthquake cleanup and reconstruction. That's bearish for the yen all things equal.)

However, when MMT trades do not work and we are caught with losses (it can happen because sentiment, too, drives markets and when clueless idiots believe something they can push the market like a stampeding herd) my course teaches you the SKILLS to trade out of what is not working.

The best offense is a good defense!

So, that's what I am about to do...trade out of this position that is not working. I am adding another unit of long, USDJPY at 106.89 to lower my average.

Stay tuned...

And by the way, if you haven't already, BUY MY FOREX COURSE. 25 hours of instruction for $250 bucks. ($10 an hour for those of you who are math-challenged.)

Here's what Tom Hickey, an invaluable contributor to this blog said about my course...

"Excellent presentation and so true. Your course is an incredible deal. Wish I hid this to work with back in the day."

Click the button below to purchase the course and start trading Forex now.

A guy just earned 200 pips in Forex today following the strategies I teach in my course!

Another great, real, testimonial!

Great to see!

@mikenorman Mike, jut earned 200 pips profit thanks to your system.  Up 12% over the last six days.

— Ben Johannson (@BenJohannson) March 16, 2016

Today is the last day to sign up for my Forex class

Today is the last day to sign up for my 3-day intensive Forex trading course that I will be giving starting tomorrow.

The course will be devoted entirely to trading strategy and tactics and mental game.

I guarantee results. If you do not come out of this course and start making money in the Forex maket right away I will refund the entire course fee. ($2,495.)

For more information or, to sign up, click the button below.

Did you buy this? We did. +220 pips profit in minutes.

Did you buy the euro on that ECB-inspired selloff? We did.

I sent out a Tweet right after the ECB announced their surprise rate cut and we bought down near the 1.0850 level.

Minutes later the market was up to 1.1100. Matt Franko made 220 pips in minutes.

We knew nothing about Trump (if that was even the reason), but rather, it was my trading methodology that got us into the trade. It's what I teach in my course and what I will be teaching in the upcoming, March 15-17 intensive online course.

Sign up today.

Make that 51 trades, ZERO losses.

Just closed out another Forex trade today with a profit. I had this trade on for about two weeks and it was underwater most of the time.

By using the Forex strategy that I teach and some patience (Mental Game), I was able to trade out of this and book a small profit.

As I teach, in nearly all cases (other than some kind of "force majeure") losses are a choice. The problem is, the entire body of trading instruction TEACHES YOU TO TAKE LOSSES.

I teach you how to win.

Sign up for my March 15-17 online Forex class and start making money trading Forex.

Click below for more info.

My Mar 15-17 Forex class will put you on the fast track to profitable Forex trading. I guarantee it or a full refund.

I will be giving an intensive 3-day Forex class March 15-17.

This will be a highly focused, live-trading-only, class. There won't be any theory. It'll be all about trading and how to implement my approach. The goal is to give you, in a very short period of time, all the tools you need to be consistently profitable trading Forex.

I have made changes to the approach that I believe have made a huge difference. It's more robust now. It can whether nearly every type of market environment, even when central banks are active in the market with all the potential catastrophic risk they can wield.

There will also be heavy emphasis on "Mental Game" as I call it or, the psychology of trading. This is extremely important.

I believe strongly in this methodology. Over the past four months I have made 50 trades using this approach without a single loss and with significant gains.

The course date is March 15-17, 8am-4pm NY time. It will be held online using the Webex meeting platform and taught on Oanda Forex.

The course fee is $2495, however, I am so confident that it will make you a successful trader that I am offering a full refund to anyone who does not come out of the class and see success right away.

You can't beat that.

For more information click below.

I'm giving an intensive 3-day Forex trading course March 15-17

This course will be solely focused on live trading. Three days of intensive training that will cover my highly successful Forex trading approach.

I am eliminating the two days of Forex theory and MMT that I used to include in my prior courses, however, these concepts will be woven in as we trade.

This course is designed to "fast track" you to consistently profitable trading. If not, I will refund your money.

I have made some very significant changes to the trading approach that increases profitability and consistency while decreasing risk. It is far more robust than before.

The course date is March 15-17.

For more information click below.

Back on track. Forex: 4 months, 50 trades, ZERO losses.

I am back on track. My Forex trading over the past four months has seen 50 trades with zero losses. It's all technique. It's all in my trading appoach that I teach in my course (with some new adjustments).

It's all about "gaming." (That's technique plus the mental aspect.) That MMT stuff has been either reduced or, applied in the correct way now. (Hint: it wasn't the case before.)

I've made some adjustments and I think the results speak for themselves.

Four months, 50 trades, ZERO losses.

New, "live" online course coming soon. Stay tuned.

-Mike Norman

After 8 years of a rally the NY Times just now talks the dollar bull case. It's over.

HEADLINE INDICATOR...HEADLINE INDICATOR...HEADLINE INDICATOR..BLEEP, BEEP

After 8 years of the dollar going up the NY Times talks bullish on the dollar. It's over folks.

I said in the latter part of last year the dollar was going to peak

I said that when the Fed raises rates the dollar will start heading down.

I said based on the fiscal picture developing now (NOT any "harder to get" b.s.) the dollar is going down.

This is proof. Sell the dollar. Oh, wait...you don't trade Forex??

THEN BUY  MY FOREX VIDEO COURSE!

Like knowing the hand of everyone in a poker game

Suppose you were in a poker game ad you knew the hand of every player at the table. This would give you an incredible advantage over the other players and make it much easier for you to win. You would know who’s bluffing, who you could beat and whose hand was stronger than yours.

Now imagine you are trading and you know exactly what positions the other traders have. Not only that, but the size of their positions and where their buy and sell orders were placed. Do you think that would give you an advantage? You bet it would. It would give you a huge advantage.

This is what I call Market Composition. Market Composition gives you an understanding and an awareness of the positions that are held by other market participants. Knowing where other traders are long, short and where they are placing their buy and sell orders is incredibly valuable information.

When I was a floor trader on the commodity exchanges one of the things we used to do as independent traders was to get to know the bigger brokers in the pit and find out what orders they had on their books. These guys with their big order books had the ability to move the market when prices got to levels that triggered their buying and selling. They were really not supposed to disclose this information, however, like any other kind of secret "intel" it was a case of developing relationships and getting to know the right people.

With the knowledge of where the large buy and sell orders were placed and where big stops were located, it became a pretty easy exercise for a group of us traders to push the price up or down to that level so that the orders were “elected” and the brokers would start buying and selling. Of course, us floor guys already had our positions on so when the buying and selling started we’d just ride the wave and exit safely with our profits. This became like a "cash machine" for making money to a few savvy guys on the floor.

By the same token, if we knew where the positions and orders were placed we could use that information to protect our own positions. We were literally using other people’s money for risk management, exposing their capital, not ours. So you can see how this was not only great for making profits, but it was an amazing risk management tool. When other people were using stop loss orders and choosing to take losses, we were literally using the money of other traders to manage our risk, protect against loss and ultimately, drive our positions to profit.

Market Composition is one of the fundamental things I teach you in my course. I show you how to determine who holds what positions, what size, and where the buy and sell orders are placed. With this knowledge you are using the capital of others to achieve your ends, which is profitability and effective risk management.

Find out more about my Forex course!

Forex trading using MMT. The only applied MMT course is right here!

There's a lot of academic MMT talk and discussion out there, we know that. But how about learning how to apply that knowledge, as in, making money with it?

If you are interested in that then you should get my Forex video course. It's 30 hours of intensive training in Forex trading. I teach my acclaimed system of Market Composition + MMT + Mental Game.

This is the video version of the live, week-long course that I have been teaching for five years. The live, online course was priced at $2995, however, the video course is only $250. And you can learn at your own leisure.

Here's what one student recently had to say:

"I had not been exposed to MMT before, so this was an eye opener for me.  I found it's changed my macro outlook.  As well as the discussion of the Daily Treasury Statement, which I knew nothing about.  Your caution to avoid "axiomatic thinking" was particularly helpful, as I've fallen into that trap many times."

And this...

"The idea of using market composition for entries was new to me as well -- ingenious!  The entries I had used before were momentum based, i.e. trendline breaks, indicator crossovers, candlestick patterns, etc.  Now I'm using market composition for entries, and am getting filled at amazing prices. This makes managing the trades so much easier, too, as price usually does move in the desired direction once it reaches levels where the composition is meaningful.  Already my profits have improved greatly as a result of this."

And this...

"Your discussion of the proper 'mental game' was probably the most useful aspect of the course for me.  I've heard lots of discussion about trading psychology in other courses, but yours was unique as you boiled it down to just 5 main characteristics of successful traders, and then gave us concrete examples from your own experience as to when you violated each and every one of them!  I got a good chuckle out of this, as I could relate to everything you described -- I'd done every one of these as well.  So instead of it being some theoretical discussion about ideal traits, you made it practical and realistic.  Plus easy to remember, thanks to your discussion."

If you want to learn more about the course go here: Pitbull Economics.

To purchase the course please click below.

Still time to sign up for my Oct 19-23 online Forex trading boot camp

We're coming into what may be some really crazy times. 

Ask yourself...are you prepared to PROFIT from the coming storm of the debt ceiling and possibly the first ever default? Remember, Mitch McConnell said no increase in the debt ceiling without cuts in Social Security and Medicare. 

A default could happen. This time it really could happen. They are openly talking about paying interest to bond holders and not paying some domestic obligations. That is a default and it will send the markets into an upheaval.

My goal in this course is to show you how to make money on this!

Check out what one student said:

Mike’s Forex course is a must for traders. It is incredibly intuitive and makes the market work for you. We did not experience a single losing trade during my week with Mike. Without much prior Forex experience, I feel as though I have been doing it for years. Anyone that wishes to trade profitably must take this course. It has allowed me to systematically identify profitable trading opportunities while harnessing an intellectual and emotional framework to seize upon them. Don’t hesitate and sign up now. –Brett

Read more testimonials here.

The course is next week: Monday, Oct 19 - Fri Oct 23. 8am to 4pm NY time. Course is taught on Cisco's Webex platform. No special software needed. All classes will be recorded.

Course fee is USD $1500. To sign up go here:

3 days left to sign up for my upcoming Forex trading boot camp

3 more days left until my online Forex trading boot camp. (Oct 19-23.)

If you haven't taken my Forex trading course now is really the time to consider it. A lot of action is likely in the coming weeks and months with growing concerns like the Debt Ceiling, possible USA default, Russia/Syria and the Fed.

One week can make your entire year!

My course is the ONLY APPLIED MMT COURSE that exists. I teach you how to use the principles of MMT to make money, rather than just using it to argue economic concepts.

If you are wondering what others have thought of the course please read the STUDENT TESTIMONIALS.

I have spent the past 35 years as a trader on four exchanges, ran a "prop" desk for Credit Suisse and managed money for one of the world's biggest hedge fund managers. I have traded stocks, bonds, commodities, options and physicals, but I can tell you there is no better trading market than the Forex market. It's what I trade exclusively.

My system of MARKET COMPOSITION + MMT + MENTAL GAME will give you the skills to be a profitable, professional trader.

For more information go here. Or, email me.

To sign up for the course click the button below.

Only 4 more days to sign up for my Forex course next week

My next online Forex trading course will be next week, Oct 19-23. The course is from 8am to 4pm NY time.

I will teach my system of MARKET COMPOSITION + MMT +  MENTAL GAME.
 
This is the only APPLIED MMT COURSE you will find anywhere. That means I show you how to use MMT to MAKE MONEY TRADING. This is not about theoretical discussions.

If you want to see what former students think about this course, read the testimonials.

The course is $1500. I guarantee you will be able to trade profitably after this or I will GIVE YOU YOUR MONEY BACK.

There are big market moves happening now and about to happen. Debt ceiling, default, Syria, Fed monetary policy. Learn to trade and boost your income! Have more freedom!

Sign up by clicking the link below.

One week left to sign up for my Forex trading boot camp

My next Forex trading boot camp will be October 19-23. The course is online, 8am NY time to 4pm NY time. All sessions are recorded. The course is an intensive Forex trading program where I will teach my acclaimed method of *Market Composition + *MMT + *Mental Game.

Here are the testimonials of former students. I have added new things to this course that make the trading strategy even more effective.

There are MAJOR things happening now and in the near future that will create huge profit opportunities for Forex traders.

• -Syria, Russia and the Middle East 
• -China and the Chinese currency 
• -Oil 
• -And of course, U.S. politics and especially, the DEBT CEILING in early November. 

 I have been trading as a floor trader and member of four exchanges. I have melded much of what I have learned from my floor days, into a methodology that gives HIGH PROBABILITY RESULTS. In addition, I have added MMT. THIS IS THE ONLY APPLIED MMT COURSE ANYWHERE.

For more info and to sign up go to www.pitbulleconomics.com. Or, click the button below.

Things are getting very tense. The dollar is headed down, big time. Sign up for my Oct 19-23 Forex course and cash in on what will be some very big moves!

Things are very tense. The debt ceiling. Syria. ISIS, Russia. American neocons. Very scary indeed and to me, it looks like one major casualty will be the U.S. dollar.

If you haven't already taken my course, now is the time. October 19-23. Online.

Click below for more information.

Default is coming. Here's why you must take action and if you do, you can win!

Default is coming!

One month from today the U.S. government will run out of cash and default on its debts. This is according to Treasury Secretary Jack Lew. We are hurtling towards disaster. Don't think it can't happen. We've gotten very close several times now and the politics are even more dysfunctional and bitter.

Once again we face this debt ceiling issue. There are many in Congress--Republican and Democrat--who would love nothing more than to martyr the economy for the cause of imposing their crazy idea of fiscal "discipline."

Of course we know that this is pure bullshit--the U.S. cannot run out of dollars--and we can argue this day and night 'till we turn blue, but where will that get us?' It's time to take friggin' action and by action I mean put this knowledge to use and make some money. Lots of money.

Dollar will get destroyed

Let's face it...a default by the U.S. government will mean the dollar will most likely get crushed. Absolutely, soundly obliterated. And what will you be doing when this happens? Complaining like all the other "theorists" that this needn't happen? That our monetary system doesn't work like this? That we're currency issuers and not users?

Meanwhile there will still be austerity, negative interest rates will still be considered "stimulus" by those in top policy circles and everyone in the mainstream of economics will still be waiting for banks to lend their reserves and cause hyperinflation.

Inaction is your enemy

Forget it. Inaction and complaining will get you nowhere. Now it's time for action. It's time to make money for yourself. Not jut money...make a killing! Fortunes have been made on single trades. If you bought Treasuries with leverage when those idiots at S&P lowered America's credit rating back in 2011 you would have made a fortune.

Same thing now. This could be a once in a lifetime trade. It could dwarf the credit rating downgrade. But the question is, can you trade? Do you trade? Do you have the skills to trade? Do you even know how to set up an account for yourself? These are the questions you should be asking yourself, not "When is Bernie Sanders going to save us or, why isn't MMT more broadly acknowledged and accepted?"

Beat the elites at their own game

You absolutely must train yourself in how to trade and here's why...because whether you like it or not the markets are the domain of the elites and  you are not going to change their views on economics. I can assure you. Moreover, if you're waiting around for some populist "revolution" to happen, good luck with that. I hope you live a very long life.

On the other hand you you CAN beat the elites at their own game. You just gotta  know how. Knowledge and skills are the key.

TAKE ACTION!

Bernie Sanders is not going to save you. Hillary Clinton is not going to save you. Barack Obama is certainly not going to save you, nor is MMT theorizing going to save you. YOU can only save you. And you do this by playing the elites' game...actually...taking money away from the elites, that's how you're going to do it.

Many months since my last Forex course

It has been many months since I have given a live Forex trading course, but I have decided to give one now because of this ugly debt ceiling showdown that we are facing. I believe that this could be, the "Big One."

If you have not taken my course then this is your chance. If you are skeptical then read some of the testimonials. I have taken pure novices and turned them into successful traders. There are no gimmicks in my methodology. It's 35 years of trading experience, on four exchanges, and on the trading desks of major banks. It's years and years and years of trial and error and mistakes that have forged a bullet proof "mental game."

Forged in the crucible of the "pits"

In my "boot camp" I am your instructor. You're about to become the Navy Seals of the trading world. I train you with everything that I know; everything that I have learned. Believe me, no one can surpass the knowledge of someone who has stood and fought in the pits. I have. There is no training crucible that forges a trader like that...anywhere. You can't even get this experience anymore. The pits are gone.

Only you can make it happen

The bottom line is, it's up to you. All that is needed is action on your part. Nothing about theory or economics or "educating" people on what's in paradigm and what's not is going to help you. Only action will.

So that's all I have to say. My course is now open. Yes, it's $1500, but I guarantee it will be the best $1500 you ever spent. If not, I will give you back your money. Furthermore, once you take the course feel free to sit in on any Forex trading course that I give in the future...for  free. Amortize that!

That is my offer to you. Now, it's up to you to give this gift to yourself.

Sign me up for Mike Norman's October 19-23 online Forex trading boot camp!

 

I will be giving a new, week long Forex trading "boot camp" Oct 19-23. Sign up and prepare to make money when the U.S. defaults

I will be giving a new, week-long Forex course, October 19-23. The cost is USD $1500.

This will be total preparation for what could be a November 5 (or thereabouts) default by the U.S. Government. Don't think it can't happen. We came very close a few times and now the crazies are really in control. They just thew out Boehner and Boehner was no moderate. By the way, he won't even be there anymore when the you know what hits the fan.

This is a dedicated course in showing you how to make money trading the Forex markets. You must do this if you haven't already...for yourself. Your family. Your future.

New stuff has been added to my course. It is even more powerful and result producing.

Whatever happens on or around November 5, there's likely to be major moves in the Forex market. Plan on making money.

For more info and to sign up go here:

34 days until U.S. government defaults. I will be giving a Forex course Oct 19 - 23 to prepare everyone to cash in on that eventuality

Treasury Secetrary Jack Lew said that the government will run out of spending power on or about November 5.

Congress will not raise the debt ceilng or, even if it does, it will be with big offsetting cuts.

I will be giving a live, online Forex trading course Oct 19-23. Watch this blog for details coming later today.

In the meantime check out the testimonials fom my former students.

There will be HUGE money to be made trading the dollar.