Buying software or a method does not create a right to financial riches; it is the work and educational time you put into using the tools properly that gives you the right to riches.

- John Novak

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June 27, 2007

Job Description: You must be able to work for 3-4 hours per day, you must be disciplined and have a great work ethic, be able to work with others and above all endure a long training process. Computer skills are a plus.

Benefits: Vacation time whenever you want, unlimited salary potential, no boss, no inventory, and no set hours of operation.

Every new trader has thought about it, making a million dollars or more trading from the comfort of their own home as their primary business. The thought is appealing and the rewards are endless but there is a catch.

The catch (and question) for everyone is the same, “CAN I do it?” The answer is simple, YES you can, but the more intriguing question is this, “WILL you”?

The process to becoming a successful trader is a simple and easy. All a trader will need is unlimited capital and an endless undying determination to succeed and to try every method known to man until you run out of money or get lucky (note the sarcasm), or if you are not filthy rich with all the time on your hands you will need to walk down a proven path to achieve success much quicker. The later is the most common.

What I am going to do is walk you through the steps that you will need to take to short cut the desired outcome of becoming a successful trader and seal your job interview for the multi-million dollar position of trader.

First thing you must have is a methodology. If you do not own one or have not developed one you must buy a proven methodology. Nexgen Software Services Inc. has thousands of clients that gone through the process with us so we will use our process as the example. The T-3 Fibs ProTrader is a complete package of every indicator you will need to call trades on any market any timeframe you wish to trade at the highest level.

The first step in the process to actually making your first million is that you must have an intimate knowledge of your indicators. What does this mean you ask? The answer is simple. You have intimate knowledge of your indicators when you have the ability to look at a chart and immediately, accurately and confidently be able to see the next expected move in the market, up, down or sideways.

You must know exactly what to expect next on your chart based on a strict set of expected outcomes that is consistent on a day-to-day basis.

Nexgen Software Services Inc. handles this first step by providing several resources traders may use complimentary while learning. The first of which is Nexgen 101…a simple educational chat room that will cover each indicator in our package and what you should expect when reading the indicators. The Nexgen 101 material is also covered in a complimentary online video library for users that wish to review the information at any time.

Second, after you have complete confidence in each indicator, you must then put these expected outcomes into a simple and tradable set of rules.  At Nexgen we have already created these rules for you and teach them daily in our Nexgen 202 class. The Nexgen 202 material is also covered extensively in a complimentary online video library. 

Then you must practice these setups under several different types of conditions, smaller timeframes, larger timeframes and everything in between. This will help you to become familiar with yourself. Understanding your own personality is important when trying to determine if you have the discipline and speed to be a short-term trader or if it is more to your advantage to use larger charts for slower longer moves.

This live market analysis and self-testing is accomplished in the Nexgen Advanced room. Nexgen Advanced room watches several timeframes in a live market condition. In the advanced room we not only talk about the expected outcomes of each indicator but we talk about the trade setups as they are taught in the 202 classes before they happen.

This type of learning environment provides traders with real-time feedback to their education and a forum of many like traders to also learn from. In this forum the education is accomplished by drawing on charts to make sure the process is right before thoughts of real trading can be attempted.

The final step is to start your trading on a simulated account. This will help you to establish a baseline of performance that you can quickly and accurately determine if your live trading is in line with your simulated trading.

For example, if your education, testing and simulation generates 70% winners and a 2:1 reward to risk ratio over the course of 200 trades, you can quickly evaluate your last 10 trades, once you go live, to see if your inside that window or falling outside of that baseline performance. To continue your education and to further solidify your gains, you can work with an educational specialist from Nexgen to fine-tune your education or post charts in the Nexgen Advanced room for immediate feedback from the educators.

Many traders skip this step and it is the very essence of how you build confidence in a methodology. Without a firm understanding of the risks and the reward potentials and what your own hard work should generate for you trading live money is usually a losing proposition.  Confidence in your methodology is a must for successful trading.

If you complete these steps you have done several very important things. One, you have built confidence that your methods and executions of that method should produce winning results. Two you will have a firm understanding of the losses that are involved with trading the method. Finally, you will have a solid foundation from which you can slowly build your financial independence.

Remember, your applying for a multi-million dollar a year job, make sure you give yourself the best chances of landing the job and being the best you can be at it by putting in the hard work and time needed to be successful.

Most traders think that just because they have bought software or tools and say they are going to be traders that they are entitled to some rewards. The truth is that buying software is not an entitlement to financial rewards. It is just the first of many steps that must be completed prior to doing the work of learning to become a trader.

At Nexgen Software Services Inc. we have the tools you need, the educational support and the staff to help you through this entire process. We can show you all of this in one short week, all you need to do is spend a week with us and you will never look at the market or how to become a profitable trader the same way again.

John Novak is President of Nexgen Software Services Inc. John is the developer of the T-3 Fibs ProTrader indicator package. He has been involved in the marketing and distribution of Technical analysis software for the last 9 years. He has devoted the last 6 years to the automation of a popular discretionary methodology that he taught in seminars for over 2 years to many successful traders that was centered on Fibonacci analysis of both time and price. With the help of his software programmers they have automated this entire Fibonacci process into a fully automatic program. He spends his day's educational work on analysis in predictive indicators for traders.

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