About Trader Support

Author Archive | Trader Support

Demo Accounts Hold You Responsible

“Genius is one percent inspiration and ninety-nine percent perspiration.” -Thomas Edison

Hello Traders,

Take a look at this equity curve from one of Apiary’s demo accounts:

Screen Shot 2015-09-23 at 9.52.03 AM

What do you see?

I see someone with a mental block. However, I also see that they kept trying. Go back and take a look at that quote I’m sure most of you just skimmed over. Perspiration (i.e. hard work) is the key to becoming “genius.” This definitely applies to trading. Apiary Fund’s demo accounts offer a chance to become a genius at trading.  It gives you real life trading scenarios and demands without any of the pressure of trading real money. This teaches you to think and develop strategy instead of relying on luck. Luck will run out eventually, and it will be necessary to develop a strategy.

If you haven’t guessed by now, this is one of my demo accounts. Personally, I like to use a consolidation breakout strategy, and when I use it right it produces a nice equity curve. Using this, or any strategy, requires discipline and hard work. A friend gave me 7 steps to consider before placing any trade.

  1. Proper preparation
  2. Hard Work
  3. Patience
  4. A detailed plan before every trade
  5. Discipline
  6. Communication
  7. Replaying important trades

While each of these steps may mean something different to each of you, everyone could benefit by considering them before entering a trade.  With each of my big losing trades, I missed applying at least one of these seven steps.  My rebounding wins happened because I chose to follow these steps. I’ve learned that I can’t control what happens with a trade after I’ve placed it, but I can control what I do before placing it. My 6 biggest losing trades in this account are responsible for over half of the total equity lost. That’s out of 50 losing trades! Whether I wasn’t patient enough to wait for the right setup, or I didn’t have an exit plan, some step was overlooked. That is something I CAN fix. There is nothing wrong with losing a trade, that’s just part of the game. What’s important is that I follow my trade plan and stick to it-no matter the temptation to jump into a trade without proper preparation. I can handle the other 44 losses. They wouldn’t amount to much because I followed an exit strategy in each of them.

I’ll end with one of my favorite quotes, and hopefully you can all apply it to your trading:

Let me tell you something you already know. The world ain’t all sunshine and rainbows. It’s a very mean and nasty place, and I don’t care how tough you are, it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain’t about how hard you hit. It’s about how hard you can get hit and keep moving forward; how much you can take and keep moving forward. That’s how winning is done! Now, if you know what you’re worth, then go out and get what you’re worth. But you gotta be willing to take the hits, and not pointing fingers saying you ain’t where you wanna be because of him, or her, or anybody. Cowards do that and that ain’t you. You’re better than that!” -Rocky Balboa

Happy Trading!

Jacob Johnson

Trader Support

Comments { 0 }

What Makes a Trader Successful?

How would you answer this question?  What is it that makes a trader successful? Is there one special quality they need, one bit of knowledge they need to learn, one tool that they could use to make them successful?  Or maybe, it’s just luck.  They are lucky, and now they are successful!

Well, the truth is, there is no one simple thing that can be given to immediately make a trader successful.  Luck may help sometimes, but it’s not a reliable process that we can count on.  The only consistent and proven way that makes a trader successful is by the process of hard work.  Nothing will be given to you without you putting the time and effort into your trading, and even then it may still take a while.  Time and hard work will eventually place you in a position where you can be successful.  The question is – are you willing to put in the time and effort needed to become a successful trader?

Successful traders have spent the time to learn how to trade, and then used that knowledge to create a trading plan.  Most have written their rules down, so they know exactly what to do to enter a trade and to exit a trade.  If I asked everyone to send me their written trading plan (please don’t, I don’t have enough time to read them), most traders couldn’t because they either don’t have one or haven’t taken the time to make it real by putting it down on paper.  If you don’t have a well-defined and written trading plan, then you are not ready to become a successful trader.  This is something that takes time and hard work.  Again, I ask – are you willing to put the time and effort to become successful?

The development of a trading plan does not need to be complicated. In fact, it should be as simple as possible.  Let me suggest a few things that you should begin to develop your trading plan.

  1. Define the “why” for your trading.  I know you want to make money but the “why” is more than just money, it is the reason behind your need for money.
  2. Define your risk rules.  You need to identify your “sweet spot” for how much you are willing to risk.  If you risk too much you will become fearful and if you don’t risk enough you will feel unsatisfied.  This should include how much risk you want to take in each trade, as well as how to calculate your position size.
  3. Define your entry and exit rules.  I will put this into two categories.  Setups and triggers.  The setup is what you see on the chart to know a trade is about to happen while a trigger is what you see on the chart that tells you it’s time to buy or sell.
  4. Define your analysis process. This is what you are going to do to analyze your trades after they are done.  Do this on a daily, weekly, and monthly basis to make sure your trading plan is working the way you want.

Ok, so that’s it! (Well, at least some of it) If you want to be successful then create a well-defined and written trading plan.  Do not leave your success to luck or chance or anything else.  It’s up to you – now go and put the time and effort into your success!  Be that successful trader you want to be!

Happy Trading!

Comments { 0 }

Good “Luck” Trading

If good trading is all about luck, then Apiary has sown the seeds for success…  quite literally!  About a year ago, Shawn had a vision of turning an ordinary fescue lawn into a factory of four leaf clovers!  While most gardeners might balk at the idea of purposefully growing clover, (clover is considered a weed in most places) at the Apiary Fund we find it quite delicious. With thousands of hungry bees working at the office (mostly real bees, and a couple of human bee-ings) nobody balks at a fresh batch of clover honey – or a fresh batch of clover juice – to keep the trading session lively!

cloverclose

unnamed (1)

cloverjuice

 

We got a new juicer for the office Monday and tested it out with a frothy glass of  “Luck O’ the Irish”  clover juice – straight from the lawn!  Disclaimer. We don’t actually know if drinking freshly juiced four leaf clovers will give you luck in the market but we figured, hey, it couldn’t hurt!

Obviously, there are other great ways to find success in trading that don’t depend on ‘good luck’ charms.  Trading forex isn’t about magic tricks or superstitious rituals and it’s definitely not based on luck like the slot machines in Vegas.  Instead it’s honest, consistent effort and discipline that will bring home the green in the currency market!

Here’s some links to a couple blog posts about being a successful trader.

http://www.apiaryfundblog.com/our-philosophy-on-success/

www.apiaryfundblog.com/8-expectations/

Happy Trading!

Comments { 0 }

Meet Our New Support Member

profilreunion

Hi! Meet our new Support Staff Member, Jacob! He’s excited to be here, and excited to get to share a little bit about himself with you…

“I am so happy to be working here at The Apiary Fund. This is a company with a mission that will improve the lives of everyone who joins. The people here are kind and considerate, and always looking to do what’s best for you… SO be sure to call the Support Hotline so we can help you out!”

My name is Jacob Johnson, and we can talk through the support line. I’ve been trading for some time now, though I began mainly in stocks. My dad is a Financial Advisor, managing millions of dollars, so growing up I always knew that investing would be a part of my life. I’ve always been good at math, and I’m quick to notice a trend and see what’s happening. Eventually, I want to be able to see what happens BEFORE it happens 😉 After not feeling fulfilled with an engineering degree, I decided to follow my heart and trade. With all the guidance and direction that Apiary has to offer, anyone can be a successful trader!

The FOREX market is the best market to trade in. The whole world is involved! I’ve worked with people from Sweden to South Africa, New York to LA, and everywhere in between.

I am here to help, so feel free to call the hotline!

Best,

Jacob

Comments { 0 }

Meet The Newest Addition To The Apiary Family!

Hello everyone! It is a real pleasure to work for Apiary Fund. The environment here is awesome, and I am so blessed to work with great people with great energy, attitude, and an ability to always make you feel welcome.

Let me introduce myself, my name is Xavier Parra. I come from Ecuador: a small country in South America. Located in the middle of the world, Ecuador has nice beaches, mountains, and weather-summer all year long!

Some more about me. I have been in the US for over 10 years, and I enjoy having 4 seasons. It seems like time goes faster when you have 4 seasons (I might be the only one who feels that way, who knows). I have a Masters Degree in Economics, and was introduced to the currency market while studying Macroeconomics. I was intrigued by how currencies interact between each other, so I started learning more about this “mysterious market.”

One of the best things about FOREX (at least from my perspective) is that you are interacting with hundreds of thousands of people all over the world. You can feel the pulse of this market by checking the charts. The market keeps me current on the most important news around the world, because based on the news I can establish my positions (either to buy or sell certain currency pairs).

I am here to help people who share the same passion as me. I want to help people learn to love the things they learn from the market everyday.

Thanks!

-Xavier

Comments { 0 }

Big Thanks To And From Trader Support

support

We just want to say thank you to everyone who has been sending us feedback for Alveo. It’s because of that our IT department knows exactly what to work on each day to make the Alveo platform better for everyone to use.

We also wanted to say thank you for all of your patience to those who have called into trader support the last month or so because we have been training some new support staff. As we all know, there is A LOT of information that is needed to know about trading-and Apiary Fund-to be successful. It can be a bit overwhelming at times for someone new-especially when everyone looks to you for answers when calling into trader support. We just want to give a shout out to Aeron, Vincent, and Pete for putting all of their hard work into being the great trader support team that we are!

Comments { 0 }

A Constructive Review

Silas shares his story on how he got involved with Apiary fund.

imgres

How

I started working for Apiary Fund in 2013. Before I got involved, I had never traded before; I don’t think I had even used a computer. I had been a union worker out of Local 27 for ten years. I never had enough money to even think about trading, or learn what forex was. If it wasn’t for Shawn, I know I wouldn’t be here…

 

I was injured in a construction job, which led me to find a new home, and meet an awesome man.  He introduced me to his company, the Apiary Fund. He offered me a job-something I had no experience in.

Since I started last year, I have worked my way into a funded account. Trading is something that I can do for the rest of my life. I enjoy that fact that can work from my home and spend time with my family, but no matter where I am, as long as I have a computer, I can trade.

I am very grateful for the turn of events in my life: the support I receive from my now close friend Shawn, the opportunity to come to his Apiary family, my amazing co-workers, and the many, many great people I get to meet on the phone daily.

Comments { 0 }

How To Take On The Market And Come Out On Top

Sometimes it seems like the market is out to get you; every trade you make goes against you like some sniper waiting to shoot you down.  Rest assured that you are not alone in feeling this way. In fact, it is a common feeling among both seasoned and novice traders.

However, what I’m going to tell you may poke at your ego a bit so brace for impact! :) The truth of the matter is that the forex market really doesn’t care who you are or where your trades are placed. Some may say that the broker has it out for them-which is also incorrect because if you lose your money and close your account they miss out on future commissions. The market can seem cold and callous. It can also seem happy and spritely. How can the same market have such extremes? The answer is simple, psychology.

In addition to supply and demand, the major factors that move the market are fear and greed. When you give into these feelings, regardless of who you are, the market will swallow you whole, chew you up, and spit you out. Sometimes it seems like you can’t get a straight answer out of the market-like a scene straight out of the Notebook. It feels like you’re pulling teeth just to make a pip. This is all part of psychology.

We all fall victim to these traps every now and then, but the best way that I have found to overcome getting discouraged and/or giving up is to write down my trading plan again. I write down the specific patterns I need to look for. Then, I write down what I am feeling when I place a trade. Finally, I try to follow the old adage, “plan your trade and trade your plan.”

Most errors come in the form of adjusting your trades outside of your trading plan when faced with a candle or trade that goes against you, but if you develop a solid system you won’t have to worry about the ups, the downs, the sideways, or the spikes. You can trust your lifejacket of a trading plan, and as long as you follow it all will be ok.

Keep in mind that trading is not always just a+b=c, and when a=%^& instead of c… then we have a tendency to freak out and ask why. Sometimes accidents happen, and sometimes the market does what it wants. As long as we keep that in mind we can smile when it shoots up, grin when it climbs down, and learn to go with the flow. Remember, those who give up on something will never be successful at it.

Keep calm and put your stoploss on. :)

Comments { 0 }

The Convenience of Trading From Your Own Home

“I had no idea that people could trade at the convenience of being in their own home…”

When you think stock market, do you imagine high rise buildings and the Chicago Stock Exchange? What about a giant screen with numbers flashing while men in suits yell ‘buy’ or ‘sell’? You probably don’t imagine your own bedroom, or even your La-Z-Boy recliner. Allisa shares her story on how she got involved with Apiary Fund.

“I started at the Apiary Fund almost a year ago. Until that point I had no idea that people could trade at their convenience of being in their own home. When I pictured the trading market I thought of people going Wall Street in New York. Little did I know.

I started working at Apiary in February, and since then I have gone through the process to get into a funded account. I didn’t even download the platform until April. It was around July that I started to take it seriously-placing trades on a daily basis. Soon it was the end of August, and I got into a pre-funded account! Before I knew it, I was funded by September. I was proud of myself for making a goal, and reaching it, but I was also proud because I was now the only girl in the office that was funded.

I am thankful for Apiary because it provides me with opportunities that I would have never thought I had.”

Comments { 0 }

A Message From Support

     The Apiary Fund’s support team is busy answering phone calls and emails from our traders, right now, as this post is being written. They are constantly helping our traders receive answers to their questions, and helping them learn and develop their trading abilities. We love our Support Team, the work they do, and the help they provide each day. We also love hearing from our traders about their experience with our Support Team, and what we can do to improve. The following is an email we recently received from one of our traders named Jeff, and his experience with our Support Team:

“Apiary Support Team,

I know you guys could use some good news, some acknowledgement for the good work you are doing under extraordinary circumstances, helping us with ALVEO.

When ever I call in the team is great, I feel taken care of and more and more the feeling of family grows.

I can only imagine how challenging the past few months have been while ALVEO is being built, the one thing I know is that the team is doing their best and I feel it every time I call in.

You guys ROCK! I truly appreciate all your CAN-DO-ATTITUDE during this transition time…I am looking forward to being funded and to the good…great times ahead for all of us.

Keep up the good work….remember the more challenging the adventure…the better the Success Story…and I have some great stories….how about you?

Keep up the good work,

Jeff “

We thank Jeff, and all the other traders we hear from that enjoy the support we provide, and the ways we are helping them develop.

We love our traders and get excited when we see them succeed, move into funded accounts, and become excellent investors! The Apiary Fund is here for anyone wanting to get away from the typical, stuffy financial companies, and become part of a “family” growing together in the markets.

Thanks to Jeff, and everyone else here in the fund.
Comments { 0 }