Forex Trading Workshop
Presented by Gabriel Grammatidis

gabriel@vantharp.com

 

Learn to Trade Three Forex Trading Systems with an Edge

Have you seen the headlines about currency rate fluctuations?
Does trading Forex seem different enough from your current market that you've stayed away from it?

 

Join us for this three-day workshop and leave prepared to trade the system right away.

 

Plus, we now offer two days of live Forex trading so you can trade the systems live!

 

 



Click for Pricing or to Order Now

Teacher
The Opportunity

Over the coming years, Van Tharp foresees excellent trading opportunities in the currency market because of several big-picture forces. Primarily, central banks will continue their attempts to influence the relative value of their currencies against other currencies. Combine that with the imbalances caused by trade and debt levels and we have a currency market that promises to remain lively for some time to come.


Add to this attractive volatility one important, very practical and positive point for individuals: Forex has evolved into a market in which individual investors can trade efficiently. That wasn't always the case. It used to make little sense for individual traders to trade currencies because you had to have a significant amount of capital to open a Forex trading account, which were only available at big money-center banks. The expansion of the Forex market over the last decade, however, has made the Forex market very accessible with low transaction costs and easy to navigate for individuals. This large group of retail traders has complemented the ever-existent institutional trading to create an even larger and more liquid market for currency exchange. Think about complementing your stock, ETF or options trading/investing with Forex - an asset class of its own.


Van Tharp Institute clients have been requesting a Forex trading workshop consistently for the last few years. Now we're proud to present a three-day workshop that will show you what it takes to trade Forex and send you home with three trading systems—and even a good amount of hands-on trading experience through simulation. Plus two days of add-on live trading if you choose!



The Instructor

Your presenter, Gabriel Grammatidis, is specialized in designing trading systems based on chart analysis for the Forex market. He has worked very closely with Van Tharp over a good number of years. Gabriel now wants to reveal some of his best trading systems with you. He has a passion in teaching people and seeing them grow in many aspects of their lives.


Gabriel has a varied and fascinating background. Since his adolescence he enjoyed investing in options, stocks and ETFs. His passion for the capital markets led him, after his degree in business administration, to seek a job in the Asset Management industry. He has been working for PIMCO and a top 5 global investment manager for over ten years. Gabriel decided to pursue his passion for the capital markets by enrolling in Dr. Tharp’s Super Trader program from which he graduated in 2010. In the program, he had to unlearn most of what he’d been taught and adopt new ways of thinking that would allow him to see the world with a different perspective.


Born in Switzerland of Greek and German parents, Gabriel has always felt a natural attraction to the international nature of the currency markets. Growing up in Germany, he’s worked and traveled extensively outside the Euro zone. The 24-hour Forex spot (cash) market allows him to apply his systems to various timeframes (from very short-term to Weekly charts) at any time of the day that best fits his lifestyle.

 

 

Course Content

The Theory: All You Need to Know About Forex

 

Gabriel will spend most of the workshop teaching his trend-following systems. The first half day is spent to go over the specifics of trading the Forex market and cover such topics as:

  • Why trade Forex?
  • What are the advantages and drawbacks of trading Forex versus other instruments?
  • What are the main market characteristics, and who are the Forex market participants?
  • What methods work best in the Forex market?
  • All you need to know about Forex trading sessions and the currency pairs.
  • How are Forex chart characteristics different than stocks or futures?
  • What do you look for in a Forex broker? What do you avoid?
  • Why Forex may actually be the best market for new traders to learn trading.
  • What are the trading edges that work in Forex?

The Method

 

Gabriel will discuss a number of Forex trading ideas at his workshop and teach three specific trading systems. All three are trend-based; you can see the price action patterns in the price charts. His systems can be traded in various timeframes and can be traded across a wide range of currency pairs. Attendees of Gabriel’s workshops enjoy swing trading the systems using primarily 5-min ,15-min, 60-min and Daily candle charts. The trades usually tend to evolve over a timeframe of anywhere from several hours to a couple of days (or even weeks, in the case of strong trends).

 

The Systems

 

All three systems are based on the concept of trend-following. Each system is based on similar “ingredients,” but each has a different recipe to capture a different part of the trend. Consequently, the systems are complementary to each other and together offer several trading setups nearly every day of the year.

 

Chart

 

Gabriel’s first system, which he developed while in the Super Trader program, is his most mechanical system. It has a high win rate and takes advantage of a common trend occurrence—breakout failures. Watching 15-minute charts and trading only the most liquid currency pairs, the system finds easily more than 100 trades per year. Having a strict rule-set Gabriel is confident that someone with the programming skills could turn it into a well-performing automated trading system.


His second system is based on price breakouts, which are very easy to spot on the charts. This system requires a bit more experience to trade profitably than his first system. It has a lower win rate of around 50%, but generates more trade setups, resulting in similar system performance results.


Gabriel's third system requires more "hands-on" attention. It uses tight stops, so it has the lowest win rate of his three systems. However, because it provides about 200 trades per year (just on the big currency pairs), it is the most profitable and prolific system for traders with some experience and discretion.

 

The Results

 

With System Quality Number™ scores of between 3.7 to over 4.7, all of Gabriel’s systems rank in the "Excellent" category in Van’s trading system classification! You can use position sizing™ strategies to achieve your trading objectives more easily with systems that have a high SQN score. When you get back home, you can adapt the systems to different currency pairs, shorter time frames, longer time frames, or even to different markets! These systems do not only work in Forex but as well on Commodities, Equity indices and less liquid Forex pairs with similarly strong results. Due to the fractal nature of markets the systems work equally well on timeframes as short as a 20-tick chart and as long as end-of-week prices. You have plenty of flexibility to adapt the systems so they fit you.

 

Here's what one attendee wrote about his experience trading the systems at home:

 

"Firstly Gabriel's systems are quite a remarkable edge, and the expectunity is much higher than claimed. Taking out trader inefficiency, after the second month I have been able to replicate Gabriel's own results in terms of win rate, expectancy and SQN. 

 

This is the sort of super performance I always dreamed of. 

 

I have a feeling of "my search is over" with regard to looking for new systems and trading ideas, and I have a framework for monitoring my own performance in spiritual/emotional as well as mechanical terms. I no longer have time to waste, I have a very clear idea of what needs to be done to improve my trading and I am motivated to achieve my goals.

 

I am a dramatically improved trader right now, and I have Gabriel to thank for it. I consider myself an accomplished system builder and there is no way I could ever come up with a system as well thought out as Gabriel's. It is a testament to the super trader process, which I follow faithfully.

 

Gabriel has been extremely helpful after the seminar also, critiquing my trades, and I am extremely grateful to have met him."

—Scott P., Trader from Australia

Practice the Rules for Each System in the Workshop

 

Have you ever attended a trading workshop that taught a lot of methodology and a bunch of rules, only to find that you had trouble trading it when you got back home because you had so little experience with it? Gabriel had that experience and wants to better prepare the traders at his workshop.

 

Students in his course come away with a solid understanding of the trading process because they practice the setups, entries and exits in groups with other students in the class. Gabriel makes extensive use of a trading simulator (live history replay) with which actual trades are traded in class as if “live.” So you leave the workshop already having a good idea on how to trade the systems.

 

After a thorough review of each system, he slowly walks you through a number of trades on each system that has multiple time frame charts—basically the same screen setup that Gabriel uses to identify setups, entries and exits. All of these trades use recorded historical data run on a software system that reproduces the price charts from the date and time in the live market. You will be able to watch the setups happen as he explains how to get ready for and make the entry, and then how to get ready for and make the exit. After walking the class through several simulations, Gabriel involves the students in the decision process for pattern detection, entry and exits as the acquire competence.

 

When you get home, you’ll already have a good sense of trading each system—which means you’ll have a running start. And just to be sure, Gabriel provides everyone with pages of additional example trades to take home and study.

 

Trader Feedback from Gabriel's Workshops

"The best aspect of the course was the knowledgeable, accessible instructor."—Harold.G, Las Vegas, NV

 

"I am a Forex trader, and I thought Gabriel did an excellent job introducing everyone to Forex."—Anonymous, Melbourne, Australia

 

“Very quality documentation and presentation technology… I didn’t expect I would learn as much as I did.”—Robert Allen, Fountain Hills, AZ

 

"The best takeaway was the workbook, which will allow me to review and trade the system."—Rick F., Tampa, FL

 

“I loved the class and would recommend.”—Terry Hudgins, Farmville, VA

 

"The course dispelled my erroneous beliefs about the Forex market, and there is a definite nugget by integrating simulation into the course."—John G.,Melbourne, FL

 

“These are thoroughly tested and proven systems, with quantified, proven results.”—Jim Cook, Waterville, ME

 

"Before the workshop, I thought Forex was too risky for trading, but now I can see myself trading Forex. I would like to attend a longer workshop with Gabriel."—Peter W, New York, NY

 

"I think the structure is great for learning—basic information, system description, examples, and then live-trading the simulator. Do more of these."—Jan S., Madrid, Spain

 

The best aspect of the course was...

“Expertise of instructor; his accessibility and clear answers to questions, use of many charts, real-life examples.”—Kathy McGuire, Asheville, NC

 

“The well-organized workbook and the live simulator really helped my understanding of the concepts… The instructor did a great job organizing the course, as well as teaching the course.”—Anonymous

 

“Live-trade walkthroughs and associated discussions.”—Peter Shearing, Australia

 

“Learning 3 specific, tested systems in a new (to me) market (FX).”—Daniel Taylor, Dallas, TX

My biggest surprise from the course was...

“That all of the expectations I had were met or exceeded (I actually created an expectation list prior to arriving).”

 

"The logic of rule-based trading-- how effective and simple it actually is." - Renato Reyes, Philippines

Coming in here I didn't know what to expect...

Robert Rau

 

Top Ten Reasons to Trade Forex

 

Top Ten Reasons to Trade Forex

As recently as the late 1990s, a “veil of mystery” shrouded Forex trading. Many traders had beliefs that sounded something like:

  • Forex is the “supreme discipline” of banks & hedge funds… I am just an individual trader. 
  • A 24h-market? ... How will I work and sleep if I have to watch the market 24 hours? 
  • Trading currencies means trading entire economies... that’s too much to follow or understand.   
  • I have too little capital to be able to compete on a level playing field with the big boys. 

Fast forward to now — I still hear those kinds of statements today even though everything about the currency market has changed. What is the reality of Forex trading then today?  Since the US federal government deregulated Forex trading (Foreign Exchange or FX) for retail traders in 2000 (the CFMA act), the market has more than quadrupled in size and transformed completely making it easily accessible  to retail traders.

If you aren’t trading Forex in any way right now, here are the top ten reasons why you should consider it:

 

1. FX is a very liquid 24h market that trades around the clock.

Have you ever been stuck in a position overnight?  Has an opening gap ever majorly affected one of your positions — and maybe kicked you out of it with a loss larger than -1R? 

Being a global 24h-market with around $5.3 trillion volume (USD daily), you obviously have easy and quick ways to enter or exit positions. Due to the huge depth in this market, there is virtually no risk of getting stuck in a position, experiencing price slippage or partials fills. Astonishingly, the Forex market is about 200 times larger than the NYSE.

Also, without opening or closing bells, there are no pronounced disruptions (or gaps) so price action is smooth & flowing. This fact alone opens up the market to a broad spectrum of trading styles where traders can choose to use long term systems, swing systems, day-trade or even quick scalp - at any time of the day/night.

 

2. You can always find a good trend.

If one economy is changing in relation to the economy of its currency pair partner, this effect shows up as a trend. With so many liquid currencies in the world you will always find a combination with a strong trend. As in any other market, Forex prices are subject to the forces of short term supply and demand, however, Forex has some unique peculiarities. The price of a currency pair reflects the conditions and activities of entire economies or even regions which very often leads to steady and smooth long term price development. It is quite common to experience nice, steady price momentum over several hours, days, weeks or even months — quite unlike equities or commodities.

 

chart1

(Click here to see a larger version of these charts.)

 

3. Choose a trading style, a timeframe and a time of the day that fits you best.

You can trade Forex successfully using many different trading styles: from long-term macro, trend following, band trading to news trading or other styles. It is also possible to trade any currency pair during any period of the full 24h open market hours. Therefore, you can choose from a wide array of timeframes: really long-term (daily or weekly chart), to a swing basis (eg 1h, 4h, 8h chart) and intraday (eg 1, 5 or 15min chart). Usually, I am trading intraday or swing positions during European market hours, but if I want to do something else during the day, I can still trade — I just trade at a different time. Or if I am staying in a different time zone, I can trade Forex at times that are convenient for me there locally rather than sleeping in the day and trading at night. 

 

4. Low cost and efficient order management.

Despite FX being unregulated, the market is very well coordinated through the Global FX interbank structure. The 15 biggest banks form a “transaction ring” that runs on a common platform. Similar to regulated exchanges, orders are processed efficiently by matching the best ask and bid prices. For incoming orders, this guarantees that the tightest bid/ask spread is chosen at that time — minimizing your transaction costs. No exchange commissions, broker fees or other fees apply so usually, the bid/ask spread is the only transaction cost you have to pay for a round-trip.


Another unique cost advantage of Forex trading happens due to the structure of the currency trading market.   Price data vendors and brokers provide price data for free. 

Note: Does this sound a little too good to be true?  Forex being unregulated, your broker choice is especially important. Choose one that offers a good and stable trading platform, is known for its good customer service and does not “play tricks” with its clients – like taking the other side of your trades.

5. Ideal market for charting and pattern trading.

Because Forex offers stable price development without pronounced gaps, spikes or long wicks, it is excellent for trend trading based on patterns. In addition, due to the sheer size of the market, price manipulations are nearly impossible. As a result, FX charts respect important charting lines and price levels very well. Entries and exits are less prone to breakout failures, stop runs or other big-boy-games. Only important FX news has the potential to move currencies markets strongly in the short term. Luckily, you can manage the news announcements issue because these are well-publicized, pre-scheduled events during which you can choose to sit out or manage your risk accordingly.

FX charts are also unique and repetitive in one notable way: low-volatile range consolidations are quite common and they tend to develop into explosive volatility expansions.  After these volatility breakouts, smooth and persistent trends often develop. My Forex systems maintain a strong trading edge in identifying these low-risk consolidation patterns that occur regularly and very often develop into good trends.

 

6. You can focus on a currency pair position independently.

FX prices reflect the relative strength of two currencies respective economies. Obviously these dynamics are very different from country to country in the different pairs. I see each FX pair as independent and having little correlation to other pairs (with the exception of the Yen-pairs for reasons that are beyond the scope of this article).  In effect, each pair has its own “life”. So I only need to pay attention to what happens to my position on one pair rather than needing to follow multiple currency pair prices. This makes trading a bit easier than equities. Remember for a stock, you have to pay attention to dynamics about the company itself, to the company’s sector, and then to the overall market movement as well. For me, simpler in trading works better.

 

7. Portfolio diversification and hedging risk.

Not considering Forex as a separate asset class that can be traded might have put you into disadvantage in comparison to others that have done in recent years. During the global financial crisis in 2008/2009, we saw very turbulent equity markets which were too volatile to trade for many styles and systems. FX just offers another opportunity to make money and as an example, there were lots of great opportunities to trade the Swiss Franc long from 2008 until mid-2011 — when it was pegged to the Euro. As Van likes to say: Crisis always implies opportunity.

If you are an American, have you ever realized that you are actually long the US Dollar when you hold US equities or even if you are “flat” and sitting in cash?  That may or may not be a profitable position once you start considering what the USD is doing in relation to other strong currencies. Finally, if you invest in markets outside of the US, using the FX market to hedge currency risks is something you might want to consider.

 

8. FX is the ideal asset class to start or learn trading – even with a small account.

First, you can open an FX account with a very small amount of equity, in many cases much smaller than many other account types.  Second, you can day trade FX with a very small account size — unlike much larger minimum account sizes for other instrument types.  Third and most important, small FX traders are not disadvantaged in their methods or their trading as they are when attempting to trade many other asset classes.  With FX, you can trade small positions in the same way you would trade larger positions.  This allows you to learn small with minimal risk and then scale up trading the exact same way. 


Starting out by trading small with real money is a better learning experience than paper trading or trading in a demo account. FX brokers allow you to choose between very small, mid-sized and large Forex lot sizes. Even a very small account of less than $5000 USD is not dis-advantaged. Because only the spread needs to be paid, the transaction costs remain at the same proportional level. This allows you to scale-in and out of positions as often as you want without additional costs other than the spread. 


Additionally, traders can choose to go long or short at any time without restrictions or even the typical psychological bias against shorting. The option of using high leverage available to FX traders allows you the opportunity to benefit from small moves in small timeframes which can increase your learning and growing from your trades.

 

9. Tharp Think principles apply better to Forex than with any other asset class.

Choosing the appropriate lot sizes (see #8 above) allows you to fully customize your position sizing™ strategies for your accounts without any cost disadvantage to small ones over large ones.  The same is true for your entry or exit algorithms if you choose to scale-in or scale-out of positions — something which I do.  Being able to apply all Tharp Think principles is a big edge alone!

 

10. The most flexible asset class to fit you.

Having traded several asset classes, I can say with confidence that there is no easier and no more cost effective way to learn to trade than with a Forex account — wherever you live, at whatever timeframe or time of the day you might want to choose.


Forex offers a level playing field for a wide variety of market participants — be it newbies or veterans, small or large accounts, full-time or part-time traders. Forex allows you to choose what fits you best: your time of the day, your preferred holding period, your trading style, your account size and your leverage.

 

Given this powerful list, why aren’t you trading Forex or at least planning to?—Gabriel

What To Bring to the Workshop and Information on Forex Data

Please bring a laptop computer (PC or Mac) to the workshop. You might want to use your laptop to view the front screen directly on your computer.

 

If you want to start trading Forex it is recommended you have your Forex data feed separate from your brokerage. In working with the markets, it is very important to rely on the best possible data quality.

 

Therefore you might want to consider opening a Forex account with a good data-feed provider. Gabriel recommends (and uses) TradeStation because it is directly connected to the inter-bank Forex market. It offers the most accurate data he knows of. When opening a Forex account with them (while depositing 2,000USD), you do not have to pay platform fees or other fees such as for real-time Forex data.

 

This means that you get the platform and data for free without needing to trade with them. Your broker most likely offers free Forex data as well, however, data quality varies a lot from broker to broker.

 



Videos

Watch these trading videos, in which Gabriel explains trades taken based on the systems he teaches:

 

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Additional Resources

Article: Gabriel Discusses Forex Trading, Part One and Part Two

Article: Interview with Gabriel

Article: Busted Breakouts in Forex

Article: Three Upcoming Currency Opportunities

Article Yen Crossing Opportunities

Article: Reading Psychological Footprints for Low-Risk Ideas

Article: Top Ten Reasons to Trade Forex

Article: Rich Man's Panic?

Article: Opportunities in the Current Market Environment

Article: Starting Signal For Major FX Trend

Article: The Swissy Unpeg Some Practical

Article: Hedging Your Unconscious All-In Currency Trade

 

Guarantee

The Van Tharp Institute totally guarantees that you will be delighted with this workshop. In fact, we'll take all of the risk ourselves. If you aren't totally satisfied by noon on the second day of the workshop, you can request a full refund. Just return your notebook to a staff member and we'll refund your workshop fee even though you've already had the benefits of part of the workshop.

 

We expect that you will not only be satisfied with the course but will wish you had stayed on for the extra two days of live trading!

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