Archive | August, 2013

Apiary Fund Associates

Apiary Investment Fund - company news and informationOne of the advantages of joining The Apiary Investment Fund is the opportunity to become an Apiary associate.
The first step is opening Apiary demo account. The demo account starts with $10,000 and has daily limit loss of 5%. The goal is to give room for beginner traders to learn, improve trading skills, and make mistakes. Apiary encourages people to learn from mistakes. One has to feel comfortable in trading. It is important, because the market does not always go into favorable direction and sometimes during trading one needs to react fast. With demo account, one can trade without risking real money.
The Apiary Fund emphasizes heavily on how to manage an account with 2% loss and to minimize that loss. The fund wants to see consistent growth of the account. The fund does not aim for big profit, which may lead one to risk too big, then suffer a big loss.
Next step is interview. The goal is to know associates’ character. This step assists the associates to understand their personality, hence ultimately can improve their trading skills based on their personality. It also helps associates to adjust their trading strategy, as the first funded level of a real account is $2,500. Traders need to alter their behavior from trading $10,000 account to $2,500.
Positive PerspectiveThe first funded level is a test account for new associates and the fund. It is a test account for new associates dealing with real money to establish their trading performance; and for the fund, to keep track of new associates progress. This level is not a place to make tons of money, but it is a place to improve skills to generate consistent profit.
If the trading result is steady over a period of time, one can be funded up to level 4. If there is loss exceeding 2% of account size or the trading style is too risky, the fund will work together with the trader to evaluate and improve trader’s skills in trading.

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Taking Risks

There is a quote that I like from an old movie, Point Break:

“… fear causes hesitation. And hesitation will cause your worst fears to come true. So it’s simple: You project strength to avoid conflict.” — Bodhi (Point Break, 1991).

We all know that the market is driven by fear and greed. The biggest influence in trading is emotion. I also experienced fear until now. Every time I place a position in the market, negative thoughts pop up:
“What if the market never hits my TAKE PROFIT?”
“What if the market hits my STOP LOSS first before my TAKE PROFIT price?”
“What if the market is going nowhere / sideways? I have to pay the swap rate”
“What if the market suddenly becomes highly volatile against my position?”
“What if my profit never overcomes my loss? I am wasting my time and effort”
and so on and so forth.

If I listen to all those negative thoughts, I am going nowhere. Not only would I never trade, but I would also never do anything in my life, because there is risk in everything.

Shawn explains this idea here:

Therefore, I need to find the way to manage risks. I do research prior trading with real money, plan my trades, follow my trading rules, and re-evaluate my trades. I also continue to learn from others to improve my trading skills. By doing those steps repeatedly, I reduce my fear and find my own trading style with risks that I feel comfortable to take.

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Dinosaurs and Charts

Vernal, Utah is world famous. Seriously it is. It is world famous for dinosaur bones. There is a higher concentration of dinosaur bones there than in any other place in the world. A few years back I took my 5 and 3 year old at the time to the dinosaur quarry to see some dinosaur bones. It is, needless to say, quite an amazing site. You can’t put your hand on the quarry with out touching two dinosaur bones. There is also a small nature hike that you can take and see dinosaur bones that are jutting out of the mountains that are there. After chasing the kids around the visitor center for a while I decided that they needed to burn off some energy. So I decided to take them on the hike.

The guide was telling me before the hike that you can see bones all over the place on this hike. Now along this hike we were getting near the end, and up to this point I was not able to point out to my son a single dinosaur bone. I was looking and looking but, for the life of me, I could not find a single one. Finally­ in my frustration I turned to the guide and asked him where all of these so called “dino bones” were. He laughed a good laugh, said they are everywhere, and pointed to the ground, and not two feet from where I was standing was a dinosaur bone embedded in the rock.

I have since thought back on that experience and have wondered “how was it he could spot a bone so easily?” It wasn’t until one day where I was showing a trader a head and shoulders pattern on chart. I was seeing the turning points in the market that formed the pattern on chart. I surely knew what was coming next, but the trader could not see the chart patterns. Then it dawned on me. The guide on the hike had trained his eye. He knew the patterns in the rock. He had trained his eye such that when the pattern of the rock went from speckled to smooth, he knew he was seeing a dinosaur bone. We as traders also have to train ourselves to see the pivot points, the turning points in the market, and read it as chart patterns. As you train your eyes to read chart patterns, you will be able to see the opportunities that are all around you. If you don’t train your eye to read the chart, you may be the person who goes on a hike with dinosaur bones all around you and never see one!

Happy Trading

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Good Time to Trade Currency

Currency market open 24 hours, 5 days a week. It starts 17.00 EST on Sunday to 17.00 EST on Friday. Traders can simultaneously trade during those time range. However, it is not wise to trade continuously, as the market does not always show good movement or setup all the time. In general, there are 4 major sessions in currency market (see below)

time

1. Sydney opens 17.00 EST (starts Sunday afternoon EST)

2. Tokyo opens 19.00 EST

3. London opens 03.00 EST

4. New York opens 08.00 EST (closes Friday 17.00 EST)

When the major currency center opens, there are a lot of volume and liquidity. During this active market hours, the market price can move up and down, give traders a chance to trade and make nice profit. During slow time (when currency center closes), the volume and liquidity drop, and the price movement usually goes sideways.
The most favorable time to trade is during London opens. There are at least 6 top bank traders actively trading with 51.78% of market share. The second largest market share happens during New York sessions (27.2%). The Sydney and Tokyo sessions usually do not give high volatility, because the market volume is not as high as London’s.
Other trading opportunity that need to be considered is news events. News events can be schedule (Non Farm, GDP, Unemployment Rate, Interest Rate Decision, etc) and non schedule (natural disaster, war, etc). News events can boost market price to certain direction and it provides traders a great opportunity to make profit too.
In generals, best times to trade is during London hours, New York hours, overlap between London and New York hours, and during news events. Apiary Fund can help you to determine the time zone by using this link :

http://apiaryfund.com/extras/sessions-clock

Source:

http://en.wikipedia.org/wiki/Foreign_exchange_market

http://en.wikipedia.org/wiki/Forex

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September SUMMIT

September 2013 Traders' SummitApiary will hold its semi-annual Trading Summit on 2nd, 3rd, and 4th September, 2013 in Sandy, UT.

In the ever changing markets, the Summit is a great place to see firsthand what changes are happening and how traders are keeping up! One thing that is unique to the Summit is that it is held on a workday not on weekend. This gives us the opportunity to spend as much time possible in the live markets – giving you an opportunity to experience what you just learned in a real life environment. Besides, what’s the purpose to hold a summit during market close?! The associates will lose the opportunity to learn live event, on how traders will reacts, how newbie will react, how market prices will playing traders psychology, etc.

For a better understanding of what the Apiary Summit is, visit http://www.apiaryfundsummit.com/ or watch recordings of past summits on the website. But remember, it’s a recording. It’s in the past. Markets change and the Apiary Summit is the place to be to stay abreast of the latest updates.

Zeeee you in the Hive. (not in the clouds)

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Bee characteristics and the Apiary Fund.

worker beeThe Apiary Fund model is based on the characteristics of an apiary which is beehive where not just one bee but a whole community of bees work together to manage the hive. Just like a beehive, the Apiary Fund (the beehive) grows their capital (the honey) with the help from their traders (the bees).

The Apiary Fund offers an online trader development program with the objective of helping people learn how to effectively manage investment money. The challenge for most people is that in order to master the art and skill of money management, you have to manage real money in real-life markets and most people either don’t have the knowledge or capital to endure the learning curve. The Apiary Fund solves this problem by providing their students with real money from the company and gives them the opportunity to share in the trading profits as the learn. In the same way a hive supports the bee, the Apiary Fund supports its traders by giving them the knowledge and capital they need to work through the learning process.

In the same way the Apiary Fund shares characteristics with the beehive, our associates share certain characteristics with the bee. Here are few of the characteristics our successful traders share:

Work Ethic
Bee’s are busy. Bee’s buzz around all day long sometimes travelling up to three miles to find a single drop of nectar to bring back to the hive. Successful traders must have a solid work ethic in order to learn how to make money in the market. The good news, if you’ve ever enjoyed the sweet taste of honey, you’ll know the work has great rewards in the end. And a good money manager would agree!

Adaptability
Honey bees are very adaptable. This is an important skill that every fund manager must have. The financial markets are always changing. There is no one “magic” strategy to profit from the market. A fund manager needs to be able to adjust his / her trading strategies, in order to survive in the market.

Responsiveness
In winter, there is much less work to be done and the bees slow down. Similar to the bees, the financial markets also have seasonal cycles. During holiday seasons, like Christmas or New Year, the trading volume is very low. It is not advisable to trade during these seasons, as a trader may be caught in the market and could not exit with profit.

Conservative
As known, food source of bees is nectar, which is not possible to be found during winter. For this reason, they combine the nectar collected in summer time, produce honey, and store it for winter. This shows why money management is vital in trading. The Apiary Fund teaches money management at the beginning of its program. One of the Apiary Fund’s policies is to stop trading at 2% daily loss. The purposes are to protect capital and keep traders psychology intact. The first important thing for fund managers to do is to protect their capital before they make profit.

Remember “keep your ‘honey’ to live longer through the hard time” the coming winter months.

Source :http://en.wikipedia.org/wiki/Bee

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Over 1000 Recordings

Over 1000 recordings

The Apiary Fund recently reached a milestone of over 1000 discussion recordings. It’s pretty impressive when you consider that the company hasn’t even existed for 1000 days and each recording is about 1-2 hours of training content.

Discussions are live training webinars that Apiary members can attend from anywhere in the world. Participants can learn from an instructor and type their questions. Instructors will illustrate concepts through slides, drawings, and demonstrations by sharing their screen. Most presentations are recorded, so you can watch any that you missed. Plus, New Apiary members get access to ALL of the past recordings. Check out the calendar to see what we’ve done in the past, and what we’ve got coming up!

Live Trading Rooms

A lot of these are recordings of our trading room. Every week, we broadcast a Live Trading Room where professional traders enter and exit live trades in the market! Members see the winning days, the losing days, and everything in between. Usually, the main attraction is our head trader Shawn as he gets in and out of the market quickly with the goal of making $100 before the hour is over. Attending the trading room, you’ll see just how different each person’s system is. The other traders who demonstrate their skills are profitable on average, too, but using completely different strategies.

Training library screenshotBeyond Recordings

Webinar discussions are actually just one part of the Apiary Fund training. Going to the training section, you’ll find video clips, interactive modules, ebooks, quizzes, a wiki-style glossary, and plenty of reference materials for professional investor training. We’re consistently working to create new interactive training. This is all separate from the helpful community itself, too.

With so much, where do I start?

There’s a lot, but you don’t have to get overwhelmed. We’ve broken the training down into 12 smaller courses, designed to turn you into a market professional in 12 weeks. The courses have categorized, featured content with a quiz to gauge your progress. They’ll keep track of what you’ve viewed to advance you to the next subject as you go. If you haven’t checked out the Full Library of training yet, get going!

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