If You're Making Money

Commodity Trading ....

You're In The Minority

There Are Good Reasons Why Most Traders Lose

I'll Tell You What They Are
And What You Can Do About Them

Market professionals know that the systems traders regularly scoop pretty well all the profits made in the commodity markets.

To join the 5% of winning traders in this group, you must copy their methods because you will never have the time or resources to discover them for yourself. Your money will run out long before you could possibly reach that point.

I know that some of you reading this will be brand new to trading and some will already have tried trading and be dissatisfied with the results you've achieved. In many ways you'll have the advantage over the brand new trader in that what I am going to say will ring more bells with you because YOU HAVE BEEN THERE.

But the brand new traders will be in a better position in one respect, because hopefully, they have not yet spent any money – notice I didn’t say invested, I said SPENT. But they are also in a difficult position because they haven’t paid for any mistakes - so they will not be as familiar with some of the pitfalls lying in wait.

It's hard to take good advice if you have not been hurt – you always have that feeling that ‘you will be different’ it won’t happen to you. You think things out too carefully to make silly mistakes.

Yes - it's hard to believe good advice because if you haven’t been hurt, how can you be sure it is good advice?

There are many pitfalls and many people trying to get you to spend money on bad trading products. These people are not traders and they know pretty well nothing about trading commodities - or if they do, they're not letting their knowledge interfere with the nonsense they want you to believe.

I'm going to deal with one or two popular myths that cause a great deal of trouble.

Myth # 1 - You will succeed if you have a system that shows a positive expectation.

     The fact is that positive expectation is only a start and there are other things that affect the final results to a greater degree. Look at positive expectation as a seed – a good viable seed.

     But everybody knows that the one who walks off with first prize in the show is the one who turned the same seed that everybody else had, into a winner. He was the one who did the best with what was there. There is a close similarity to trading in this analogy.

     I have seen systems advertised that claim to give 80% correct signals. That doesn’t mean that 80% of trades will be winners but even if it did, then it would have what is known as an 80% win probability. That sounds fantastic – but is it?

     Nobody can tell. We can’t even tell if this system has a positive expectation because the win/loss ratio has not been revealed (I wonder why?). A positive expectation would be just a start to knowing something about the system.

     But we’ve already said that the system is only part of the act and not even the most important part. If the people making these statements know something about trading – how come they are not telling you more about what you need to know?

     (The most useful thing they could say to you at this early stage is to forget any idea of buying a system until you have found out how the winning traders trade – after which you will probably decide that you do not need to purchase any system.)

Myth # 2 - The best trading systems predict what will happen next.

     I’ve seen a system advertised that tells you not to worry about a thing – this system will look after you by making money whether the markets are going up or down (pardon me but I thought all commodity trading systems were designed to do that) and what’s more, this system will get you out when the market is at its peak.

     How does the system know when the market is at its peak? I don’t know a single professional trader who would ever claim to know when any market has reached its peak. So this must be one of those magic systems.

     If you believe in magic you may care to break off now and try to find this one - but my advice is to read on because I am going to tell you that there is no such thing as a predictive system! There’s another myth blown sky high.

By the way, this idea of attempting to ‘get out at the peak’ violates an important rule that all the successful system traders hold dear – and that is run your winners.

As I put these words down on paper, I am thinking of someone who wrote to me very recently saying: I have tried this system, I have tried that method and I have done such and such course. I know money can be made trading commodities but when I reckon it up all I have done is to lose a bagful. So why should I believe what you are telling me?

If that is also your position, the first thing I would say is, check round and find out who the winning traders are and what they do. Talk to people you know and trust, read what the winning traders say, visit some forums and talk to people who are serious about trading.

The second thing I would say is – you’re telling me exactly how things were for me when I started out. Most new traders do things entirely the wrong way and lose money. As an ex-member of this losing group, - I know all about that problem!

Letter from David Bromley,
Trader and Trading Research Analyst

When I first started out, I tried all the wrong ways before I found the path to take. After losing half of my trading capital I decided to stop altogether, as I couldn't see how things would ever improve.

But in spite of all my disappointments, I still felt strongly that I owed it to myself not to say I would never trade again, before finding out what I had been doing wrong.

My initial investigations revealed that nearly all the vast profits made in the commodity markets were regularly creamed off by a small group of professional system traders.

What did these people know or do that the majority of traders did not? I reasoned that if they could make money in the markets then surely I could too.

As my research progressed, I came across the story of Richard Dennis and the Turtles. I was amazed to learn that he had pioneered systematic ways of profitable trading many years previously and he’d even taught raw and inexperienced students how to trade with outstanding success.

This good news lifted my spirits no end – if successful trading could be taught - then nothing would stop me learning the way to trade successfully!

Now, I only needed to find somebody who could teach me the very same methods that Richard Dennis used. But that’s when I ran into a brick wall. I tried and tried to find some place where I could learn how the professionals trade. But no! To my utter astonishment, I found that not one solitary person could or would teach me what Richard Dennis taught those students.

In anger and disgust, I resolved that come what may, I would discover how the winning traders operated and if and when I did, I would devote some of my time passing this knowledge on to others in the same position as I had found myself.

My stubborn determination and a slice of good fortune led me to a position with Galt Capital where I found myself working alongside successful traders. My colleague, Curtis faith happened to be the most successful of all Richard Dennis’s Turtle Traders. What a massive turnround in my circumstances!

I learned fast about successful trading – and I soon began to see the contrast between the right way to trade and the methods I had been using when I started out. I shuddered with fear and embarrassment when I remembered some of the things I’d done then.

I used to think that success depended solely on finding some system rules with a positive expectation- how wrong that was!’ I had no idea that other trading techniques had a much greater effect on final results than the trading rules.

What is more, I had no idea of the real risk I was taking on any of my trades. And I had never heard of anyone trading according to their personal trading goals – what were they?

Yes, I still shudder and marvel at how I could have started trading commodities with such ignorance. But the truth is I didn’t realize then just how ignorant I was.

But what the heck! Here I was now - working closely with some of the best professional system traders you could find anywhere.

THE METHODS OF THE WINNING TRADERS

To my surprise I found that far from being secretive as I had been led to believe, some of these system traders were keen to pass their knowledge on to private individuals. They even had a name for this – the knowledge transfer project. Not an inspiring name perhaps but meaningful enough.

Cheap reliable computers had already begun to make a big impact on what could be done by private individuals and Curtis Faith had just given systems trading another big boost by releasing his own expert trading software package for public sale.

Curtis and I were both strong supporters of the knowledge transfer idea and to push ahead with it we decided to run seminar workshops to teach newcomers all the essential techniques. The seminars turned out to be great fun and were very well received. But we found we could not keep them going at a price new traders could afford.

That was the moment it became clear what had to be done. The seminars must be replaced. An affordable course that fully measured up to the high standard of the seminars was required. This would demand a completely new approach to teaching commodity trading.

But before any course could be created, a totally joined-up method of trading had to be put together, covering all aspects of the trading process from beginning to end in a natural sequence

That was how The MODUS Method came to be produced.

It is easy to list the activities covered by the MODUS Method: market selection, risk assessment, system resonance, parameter selection, step testing, system calibration and performance assessment.

But a bare list of procedures explains very little. If anything it gives the wrong impression by suggesting that if you can guess what each phrase means you then know what it’s all about. Nothing could be further from the truth.

The list doesn’t tell you that the job begins with the trader’s soul searching to decide what will make him feel comfortable when he’s trading and what will not.

It doesn’t explain how vital it is that the trader has his own personal goals and that these are not just targets he would like to achieve. They are serious numbers that somehow must go into his trading system and become an integral part of it.

The list does not suggest that a system that suits one trader may be no good for another or that some system rules can be entirely ruled out FOR YOU.

By documenting the ‘what, why, when and how’ of every step a trader must take, I was able to see everything as part of just one straightforward process - and as is often the case, it all looked much simpler with hindsight than it did when I was trying to work it out!

THE MODUS COMMODITY TRADING COURSE

Sooner than I expected, the MODUS Method was fully documented and I could now make progress. But I still had to find the best way to present it to students.

Remember, I needed to find a teaching method just as good as the seminars that Curtis Faith and I ran that time. That was a real challenge because it would demand a much higher level of communication skill than could be achieved by relying on traditional books and videos.

I did not wish to discard proven teaching methods lightly but I had to find some way the material could be learned and put into practice all in one operation.

According to our students, the outstanding feature of the seminars had been the close involvement they experienced with the trading process and I felt it was essential to preserve this. But how would this be possible remotely?

Then, the idea of a ‘hands-on’ workshop struck me, although at the time I couldn’t visualise the form that such a workshop would take.

But by keeping my mind focused on student participation - and trying to imagine the course tutorial more as a workshop manual - and also involving the computer all the way through, the MODUS Course emerged almost by itself.

Judging from its enthusiastic reception by students, it seems that the Course satisfies the tough demands made for its design.

I credit this success first of all to the way it follows the natural sequence of the work done by the professional traders – and secondly to the high quality of the trading software supplied.

The fully functional software closely simulates live market conditions, to produce results as accurate as any obtainable. These results come from real tests with real systems against real market price history.

With no need for travel and accommodation, plus the ability to work freely to your own schedule, you gain two big advantages over the seminar. A significant benefit also arises from being able to go through the workshop as many times as you wish, trying out your own ideas and variations.

As you progress through the workshop, you experience the whole trading process through the eyes of three traders, each with different trading goals. Like a fly on the wall you watch them go through their thinking processes both individually and together. Unseen, you join them when they talk to Sam, their mentor.

You know about everything they do as they try to find suitable systems for themselves. To consolidate your own knowledge, you fly down from the wall from time to time and repeat everything you saw them do. Finally, the opportunity arrives for you to find and evaluate your own system.

You learn the methods employed by successful professional traders in a unique way that you can easily copy and understand and within just a few days of beginning The MODUS Trading Course, you will be amazed at how much your view of commodity trading has altered.

You will find that you are keen to make your own trading decisions and you will feel perfectly capable of doing so. You will no longer be prepared to accept what others say without wanting to assess it against your own goals and circumstances.

In the short time it takes to cover the course, you will not only know how the successful traders succeed but you will be able to do what they do. You will understand what is going on.

commodity trading course

The course consists of a 170 page home-study manual together with the powerful Trading Blox System Tester * system testing software.

*This is a specially designed version of the professional quality Trading Blox product which enables you to follow all the examples in the course.

So to get started on the path to joining the successful traders, just place your order here. We’ll process your credit card with $997 (plus $35 shipping and handling) and dispatch your Modus Trading Course immediately.

MY GUARANTEE

Students frequently make a point of telling me that The MODUS Commodity Trading Course exceeded their expectations. Although it is good to think they are more than pleased with the Course, I feel frustrated too because I am obviously failing to fully explain it's true value.

It is not really in my nature to praise my own work - I am a trader, not a salesman and I would rather that people were pleasantly surprised. I would rather tell my students to go ahead and take the course and if they are not satisfied with it, for any reason, just tell me and I will refund their purchase price in full.

Regards and good trading,

David Bromley.

P.S. - I produced the Modus Trading Course to be
"the most valuable learning tool I could have possessed when I started trading" - Hundreds of Modus students around the world tell me they agree and I guarantee you'll join them or I'll refund all your money - No question.

Click Here to Order
The Modus Commodity Trading Course.

Modus Trading
Contact David

"I purchased the Modus course based on the writings here at the Roundtable Forum. It's a great course and I'm glad I can now join the ranks of the positive reviewers . The course is of very high quality, from the material (binder, full color printouts etc) to the actual information contained.

Highly recommended. Even if you're not new to trading (but new to trading a mechanical system).

cheers,"

T.B. - Sweden

Dear David,

"For several years I have been learning about trend following and systems trading. I have always gotten to the part where you are to write formulas to test your system. That is where it always ended for me.

Your course, along with Veritrader software, has finally bridged that gap. It is the missing link between systems theory and practical application. Thanks Again,"

Gary M. - USA

Excellent.

"Without question, the best educational investment I've made as a beginning trader."

Rick M. - USA

Excellent.

"I've spent thousands trying to find something like this.
Wish I'd found it sooner. If I'm proven correct in my assumptions. I believe I now have every chance of being successful as a trader. Was blind but now I see!!!
Thanks for putting the course together & sharing the modus method with novices like me!"

Kevin S. – United Kingdom

Hello David and Modus Trading,

"… I would like to truly thank you for offering and sharing your expertise since your course have truly speed up and smooth out my constant ongoing trading education. The ideas and logical approach in its teaching have greatly helped me fill many missing gaps.

Thank you always,"

James I. - USA

  David Bromley helps
  new and aspiring systems
  traders establish a complete
  trading method to compete
  with the professionals