Tag Archives | Forex

Trading Shouldn’t Be All Or Nothing

What would life be like if the gym were an all-or-nothing commitment? I’d bet that given a choice between spending all day at the gym and not going at all, most of us would either burn out from overactivity or succumb to total inactivity. In the end, a healthy balance will keep you actively engaged and yield the best results!

Just as I balance my time at work and home, I’ve also learned that maintaining balance in my trading is important. Your experience with Apiary shouldn’t be all or nothing! You don’t need to spend all day trading—in fact, we discourage it!

We at the Apiary Fund recommend that our traders participate in the markets regularly and consistently, at the same time cautioning them to not overtrade. Find a way to balance your time in the coursework, the live discussions, and trading.

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3 Reasons Apiary is a Company You Can Trust

The financial industry can be a sketchy place, and if you’re not careful you could fall victim to the multitudes of scams that prey on the unsuspecting newbie. We at the Apiary Fund, however, want to be a light in darkness. We want to lead by example as we do our part to change this industry’s reputation. As such, we want to emphasize the top 3 reasons Apiary is a company you can trust:

1. We Don’t Hide Our Names

There are two reasons someone should conceal their identity: 1) You’re a superhero, or 2) you’re a scam artist. Because we at the Apiary Fund are neither of these, we are not afraid to associate our names with our company.

We not only give out our names, but we even have pictures and links to connect with us on other platforms! Meet the team here!

2. The Apiary Promise

We have not only attached our names to the company, but we, the company and the individuals that comprise the company, have made a promise to our associates. We developed the promise to ensure transparency and confidence in the company. You can trust our promise — no scams, no investment, no risk. Read the company promise here!

3. Our Forums Are Open to the Public

If you look around hard enough, you’re bound to find a lot of people who have a lot of ideas about what the Apiary Fund is and how the company operates. But the truth is that most of these opinions are pure conjecture. Very few people who publish their opinions online have ever been a part of the fund. Going to these sources to do your due diligence is like reading a review for Red Lobster written by someone who hates seafood!

If you want to hear what our traders say, check out Apiary’s forums. Only our traders and associates can contribute posts, but the forum is open to the public to read. This is a much more reliable source, as all of the contributors have first-hand experience with the company. You’ll even get a good idea of what to expect as far as atmosphere and social support! See what our traders are saying here!

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Top 3 Features Apiary Offers for Free

We at the Apiary Fund are very proud of the great products we’ve created to help our traders succeed. So proud, in fact, that we have offer some of them to the public for free! In this blog post, we’ve listed our top three free features:

1. The Investor Profile
The Investor Profile is a personality assessment we launched last year to help traders recognize character traits in themselves that will affect how they trade. Because every trader is different, identifying and understanding your strengths and weaknesses is crucial to finding success in the markets. How can you play to your strengths if you don’t know them?

2. The Sessions Clock
The sessions clock is a tool the Apiary Fund developed to help traders keep time. Because the forex market is a 24-hour market, there is always at least one market open. Knowing when each market opens and closes will help you avoid any unexpected jumps in volatility. So, whether you’re on the road or just experimenting with trading at different times of the day, the sessions clock can help you keep things straight!

3. The Trader Development Preview
The Trader Development Program is Apiary’s training curriculum, developed to help our traders learn the ins and outs of the market in the most effective way. As a preview, The Apiary Fund offers the first course to the public for free! Just enter your name and email on the Apiary Fund’s homepage!

While we do offer some great features free of cost, we don’t just put our best stuff in the window. We have a wealth of knowledge and resources to help make Apiary Fund traders successful!

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Tips for Managing Position Size

Large position sizeAt the heart of money management is the decision of increasing or decreasing your investment. To illustrate this, imagine you own a store that sells athletic equipment. Because no sport lasts all year, you’d find yourself changing your floor inventory based on which sports are approaching, which are in full swing, and which are ending soon.

When it comes to changing position size, the rule is to increase your position size during favorable market conditions for your product. In your store, you’d have more football equipment on the sales floor during the fall when you know conditions are favorable for that sport. The other side of this rule is to decrease position size during unfavorable conditions. As football season winds down and basketball season begins, the products in your store would decrease inventory to reflect the new season.

Small position sizeFortunately, in the market there are two seasons: highly predictive and less predictive. You’ll want to increase your position size in highly predictive conditions and decrease your position size in less predictive conditions. Controlling your investment size is key to keeping your losses to a minimum. This, in combination with other elements of money management as emphasized by the Apiary Investment Fund, will ultimately lead to profitable trading!

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The All-New Sessions Clock from the Apiary Fund

Sometimes its hard to keep track of which markets may be open when you jump online to trade.  Well, the Apiary Fund has a solution for you! It’s called the Sessions Clock, and if you like to trade at all hours of the day, then youll be fast friends.

 

Sessions clock

It’s a simple visual tool that lays the four markets around a 24-hour clock to help illustrate market opens, closes, and overlaps.

 

 

 

 

 

 

 

 

sessions clock liquidity

Below the Sessions Clock, just for quick reference, is a graphic illustrating average liquidity throughout the day.

 

 

 

 

 

We want all of our traders to be successful, and in order to do this we’re trying to give you some great tools to use! So if you’re traveling and want to trade on your laptop, don’t hesitate to check the Sessions Clock with your new timezone!

In case you missed the link above, the Sessions Clock can be found here.

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Don’t Be the Jack of All Trading Systems

Have you met my friend, Jack? He’s fairly good at lots of things, but I wouldn’t say he’s really great at anything. And I think I may have figured out why.

At the Apiary Fund, we not only offer a very thorough education curriculum, which we call the Trader Development Program, but we also conduct live discussions. Now don’t get these confused – the live discussions are there to supplement the core education. Think of it as added value!

Too often I see new traders get lost jumping between the Trader Development course material and the live instruction. If you’re new to the world of foreign exchange, then this might be problematic in your efforts to learn. While our established course material is aimed at the very newest of beginners, our supplementary live instruction is not. The difficulty of the live material varies greatly, with much of it aimed at more experienced traders.

So, if you’re struggling to find a foothold between the Trader Development courses and the live instruction, you could be spreading yourself too thin! If you’re keeping busy in the Trader Development material and attending all the various live classes and discussions, then hats off to you! We love to see our traders enthusiastic and committed! However, this could be unnecessary, or worse, detrimental to your development as a trader.

We at the Apiary Fund stress finding a trading system that works for you. That’s why we’ve developed the Investor Profile! Once you find an effective trading system, strive to develop different strategies within that system and stick with it! If you’re bouncing around system to system from one day to the next, how are you ever going to master one?

Just remember what Brent always says: “Don’t mistake activity for achievement.”

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Apiary Fund Launches Forex Trading Platform Globally

For the past two years, Apiary Fund has been successfully operating under the radar. During that time, we’ve worked out most of the bugs, ensured our training materials are effective in teaching potential traders, increased the number of full traders to more than 100, released an investor profile, built in transparency with our Apiary Promise, and will shortly launch our new Groups function.

Today the company launches the Apiary Capital Fund to the world! We’ve proven our trading concept works in helping people learn to trade and subsequently earn supplemental income with no investment risk. Now, anyone in the world can potentially become a trader.

The Apiary Fund specializes in developing investors. There is a huge difference between learning and doing. What the Apiary fund offers is a way for people to bridge the gap between the classroom and real life by letting them manage our money. The model is successful because trading activity is diversified among many traders, which helps to reduce risk.

People interested in participating with the Apiary Fund can register for an orientation and watch a video here.

Apiary Fund teaches participants how to trade in foreign currencies. The company charges tuition for its training and learning courses and an ongoing monthly access fee to Apiary’s technology platform and ongoing training. Associates practice with simulation accounts as part of their training. Apiary associates only need a computer and Internet connection to get started.

Apiary associates do not need to be experienced traders. Most of the successful traders have no previous experience and come from many backgrounds – retirees, single parents, students and people looking for supplementary income.

Once participants reach a level of proficiency, they can become traders using Apiary’s funds for real trades. There is no investment required and there is no investment risk.

In order to provide confidence and transparency in the fund, Apiary Fund recently released The Apiary Promise, and its Investor Profile, a personality assessment tool to help investors recognize characteristics that are beneficial or detrimental to their investment strategies.

When we think about where we have come over the past two years along with the hurdles we’ve overcome, we are very excited bringing the Apiary Fund to the world. We believe the future is bright for our company and we look forward to working with many people around the globe in helping them become successful traders and earning additional income.

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The Summit and Trading Groups

Well, the Traders’ Summit is over, and we couldn’t be happier with how it turned out! We heard great stories, valuable instruction, and, when the American and European markets overlapped, we saw some expert traders in action!

We also saw the announcement of Apiary’s newest feature: Trading Groups.

If you’ve ever resolved to lose weight and get in shape, then you probably know how easy it is to lose that resolve. It’s not easy to get up at the crack of dawn and hit the gym before work every day—especially if you’re by yourself. But when you go with a friend, you’re more likely to keep with it. It’s this feeling of accountability that helps you stay motivated in the face of hard or inconvenient circumstance.

With Apiary’s new Trading Groups, you can now have that degree of accountability and structure within the hive! To find out more about Apiary’s Trading Groups, give us a call at 1-801-701-1650!

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Apiary Fund CEO Shawn Lucas Interviewed on Mountain Money

This past Monday I had the pleasure of spending the morning with Doug Wells and Larry Warren from Mountain Money on KPCW in Park City. We had a great discussion on the Apiary Fund, the Investor Profile, and how to invest right for your personality type.  I’ve listed some of the discussion points that I thought might be of interest for Apiary Fund traders and potential traders to hear:

Do you run a training component with Apiary Fund?
Yes, you can kind of think of it like a sports development camp. You’ve got a lot of athletes that come in and they try to learn the game through different drills, talking with professional athletes, and getting a feel for how it works. That’s the same thing we do here: create an environment where people can come in, learn how to manage money at a professional level, interact with professional traders, go through trading classes and simulations, and learn how to manage money by experiencing it.

How does trading differ from long term investing?
The primary difference is how long you are holding your assets. We teach an active management process at Apiary Fund instead of long-term investments where you are looking for value investments. With the Apiary Fund, we are actively looking to move money around and catch short-term movements in the market.

How are you able to trust people to trade Apiary Fund’s capital?
We make sure that we provide sufficient training mechanisms so that people can come in and go through different classes. We work with them and they have the opportunity to participate in over 25 hours worth of classroom discussion and trainings with our professional traders. Then we are able to put them into a simulation environment where they learn and develop a track record. As they progress through that simulation we put them in front of real money and let them start to trade.

Where do people have to go to learn the trading techniques you teach?
Actually they don’t have to go anywhere, they log in from their homes. We have traders from all over the world, even Japan, China, and Malawi. They are able to log in to training webinars from the convenience of their own home.

How do you split the profits and losses with the traders?
Any profits that are generated through a trader’s activity, 60-80% of the profits go to that trader. On the risk side, there is no risk to the trader, we assume 100% of the risk.

How long do Apiary Fund traders spend trading each day?
Traders typically spend no more than a couple of hours per day. We focus a lot on people that want to learn to manage money in retirement and have the kind of time to learn foreign currency trading techniques.

You can listen to the interview in its entirety at: http://kpcw.org/2013/02/mountain-money-feb-4th-2013/

 

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Eight Expectations to Becoming a Successful Trader

As head trader of the Apiary Fund, I get a lot of emails from people describing the various challenges they’re having as they learn to trade. There are a lot of obstacles people face, but it’s generally been my experience that the biggest challenge is learning to properly frame the definition of success.

It’s a sad fact that most people go about learning to trade with flawed with self-destructive expectations. If you don’t approach learning with the right expectations, then success will always remain beyond your reach – irrespective of your desire, how hard you work, or what other resources you bring to the table.

If you want to become a successful trader and realize the wealth and freedom you desire and deserve, then you are going to have to adjust your expectations! Trading is a profession – plain and simple – and just like any other profession the road to mastery is marked by incremental achievements based on realistic expectations.

Here are eight expectations that are self-building and will empower you with a framework for success in the Apiary Fund.

1. Expect to learn from yourself.
No two traders are alike. Each has a unique personality, experience, and background that will influence their decisions and strategy. The great thing about learning to trade with the Apiary Fund is that you can learn from others, which is why our community and professional traders are so important to the success of the program. However, the false expectation some of our traders have is that others will teach you everything you need to know. You must learn to extract the lessons others give you and learn how to apply it to your own personality, knowledge and experience. The Investor Profile is a great tool to help you in this process since it helps you learn which of your personality traits support and hinder your progress.

2. Expect to study strategy.
There are thousands of profitable trading strategies out there. With over 1000 hours of strategy-focused trainings, the challenge in the Apiary Fund isn’t a lack of information but finding one that works for you. The false expectation is that you have to make decisions that fit the strategy when the real objective is finding the strategy that fits you.

When you go to the shoe store, you spend a lot of time trying on different shoes to find one that fits your goals, shape, and personality. Choosing a strategy is similar – you have to try out several strategies to find the one that fits! If you fail to find the strategy that fits, then you’ll never have the discipline to follow the rules of the strategy.

3. Expect to study time.
Time is important to traders. Not only because you need to dedicate time to learning and practice, but it’s also a critical component in performance and strategy.

Performance is time based. Sometimes it doesn’t matter how right you are in forecasting direction if you’re wrong in your timing.

Strategy is also time based. Swing trading strategies require more time than scalping strategies. The underlying patterns might be the same, but the time needed to mature is different.

The Apiary Fund operates in a global timescale. We have traders working every time frame in every timezone holding positions for any time cycle. Time is important so make sure you spend some it learning how it works in the market.

4. Expect to focus on money management.
In the same way you have to be right on direction and timing, you have to be right in how you manage your money. Traders learn quickly through the structure of the Apiary Funds risk management system that money management is critical to success.

The risk management system enforces good money management in the same way a concrete barrier keeps cars on the right side of freeway – it doesn’t prevent an accident but it helps minimizes the impact. The correct expectation for money management is to monitor yourself and don’t rely on the median to keep you safe.

5. Expect to practice and test your strategy.
There is a reason why the Apiary Fund suggests 3 months of simulated trading. I like to tell new traders, that you should be quick to choose a strategy but prolonged in testing it. There are three objectives when testing out a strategy:

  1. Understand the rules so you can execute the strategy.
  2. Execute the strategy with “natural” ease.
  3. Evaluate your personal profit potential with the strategy.

Please note that profit potential is the last of your objectives. If you cannot understand how to execute with ease, then performance will not be consistent enough to be adequately evaluated.

6. Expect to learn through observation.
There are precious few “laws” that govern the market. It’s important that you practice your chart reading skills to easily identify whether the market is expanding or contracting, whether it’s trending higher or lower, whether it’s volatile or consistent. There are certain lessons that can only be learned through observation and experience.

For example, you can attempt teach someone how to drive through exceptional instruction, but they will not really learn to drive until they start driving. Through observation and experience a person is able to take instruction and gain a greater understanding of driving – or trading!

The traders who succeed at the Apiary Fund are focused on learning through observation. Every mistake is designed to teach a lesson. Every success is designed to do the same. Good traders are constantly learning from the market – and I am no exception to this rule!

7. Expect to transition into real money gradually.
Start small – grow big! That is the philosophy behind the different levels of the Trader Development Program. We are not so naïve as to think you can create a Wall Street income at our first level of funding. You are still learning. It is a transition stage. Trading real money is different than trading in the simulation account. The road to success in the Apiary Fund is marked by several transitions. With each transition comes a responsibility to make sure your performance and strategy execution stays consistent.

You should also remember that if you want to become a trader and make a living trading the Apiary Fund (or any account), then you have to progress to bigger and bigger lot sizes. You need set an expectation to work and push yourself forward through the different funding levels.

8. Do NOT expect shortcuts.
It’s not easy to become a trader. It’s hard work, and I’m glad for that. If it were easy, then everyone would be doing it. So think of trading as a profession. It requires hard work, lots of practice, but above all else it requires a proper framework for expectations.

Shortcuts are not allowed.

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