Welcome

Firstly lets start off by welcoming you to Fx Learning community. My name is Jamie Palmer, and I have been trading the Forex Market for around 8 years now. I started my trading career back in 2015 after watching videos on ‘getting rich trading Binary Options’ on Youtube. At the time I already owned an Ebay business importing teddy bears into the UK from China, and selling them on Ebay for a profit. Even though I was making a side hustle along side my day job, selling teddy bears didn’t really satisfy my desire to accomplish more. I fancied a new challenge and this is why I decided to give trading ago. Being over confident I jumped straight into it, but it wasn’t long before I realised I was just being scammed by brokers and Signal providers. It took an entire 12 months of going round in circles before realising the only way to master this industry is to actually learn to do it yourself.

I am sure there are many who follow this same path as me and in the end give up and continue to dream. I spent the next 18 months after that going through the darkest of times. Working 10 hours a day and then spending much of the other 14 hours learning and practicing trading, while also trying to run my business. When I look back now, It was probably the hardest time of my life. I split up with two girlfriends over trading, just because of how determined I was to master it. I pretty much stopped seeing my friends and family, and would lock myself in my room for hours of a time. This is why I can relate to people when they reach out to me for guidance and support. Thinking about it now, not even my close family supported my trading. To everyone else it was just gambling, but to me it was starting to become my life. My biggest problem in life is if I decide I want something, I will not stop until I accomplish it. Even sacrificing relationships to achieve it. Even now my partner says I work to much, but when you enjoy something so much, it doesn’t become work, it becomes fun.

What I have discovered with trading is that you have to change as a person to be able to master the charts. You could be academically intelligent with a PHD in maths, and still not be able to make a profit in trading. Being profitable in trading is about understanding your strengths and weaknesses as a person and learning to accept them, and not let them affect your trading judgement on the charts.

For example my weakness was always trading with emotions and chasing trades. It probably took around 30 blown accounts before I realised I needed to change as a person. This is why I say, you have to be ready to change as person to master the charts. You could follow the rules of a strategy perfectly and still not make money, because you let your emotions take over when making decisions on the charts.

My trading in journey is still continuing now as I improve every day on the charts. If you focus your energy on becoming a better trader every day, then the money will come. Money is just a result of your trading, so learn to focus on that first. If you just focus on the money side, then you will not go anywhere.

Image above: This was me in 2016 learning to trade Price Action while in my flat from a laptop my dad lent me. The caption at the time read ‘Getting some late night practice in before bed’

2017 was a big year for me because that was the year that I became a fulltime trader, and decided to setup the Binary Destroyer too. The main reason behind the Binary Destroyer was simply to build a community to trade with other traders. The downside to trading is it can be very lonely, so I wanted to trade with other traders and build friendships.  At the time the Binary Destroyer Indicator was nothing more than a lot of crude dots and lines that needed a lot of interpretation. I used this way of trading to build my trading account up, but knew it needed to be refined. So I took the plunge and invested in a programmer to help build me the Binary Destroyer indicator we see today.

It wasn’t long before the BD Family started to grow. With more members joining, became more responsibilities. I started to offer online training, webinars and also courses to help other traders succeed. With both my parents being teachers, I realised I actually enjoyed teaching people to trade, and still to this day I find it very rewarding.

In 2023 we have 19,000 members, and everyone of them is helping ‘would be’ traders all around the world to succeed in Forex trading. We hold weekly Webinars, and even training days around the United Kingdom and soon into Europe. The Binary Destroyer has grown to a point where we have changed our name to FX Learning to compete with the big players in the industry. In 2021 and 2022 we actually won the ‘Prestige Award for Best Forex Trading School of the Year’ for two years in a row. This is something we are extremely proud of.

Image above: Jamie Palmer collecting the Prestige Award for Best Forex trading School of the year 2022/2023

Now before we go any further I’m not going to sell you the Binary Destroyer Indicator dream. Yes we may have won awards, and we may have over 19,000 members in 79 different countries, but trading the Binary Destroyer on its own will not make you profitable. We have a lot of fulltime profitable member’s trading the Binary Destroyer, but ask any of those members how they did it….. They will tell you to learn Support & Resistance. Even if you are a Binary Destroyer member already. You will know you can not have one without the other.

What makes the Binary Destroyer unique is the fact the Binary Destroyer indicator works perfectly with Support & Resistance. If you understand how to trade Support & Resistance then you can use the Binary Destroyer indicator as your entry point into the market. If you do not understand which way the market is going to move, trading a strategy or indicator becomes pointless. How can you set a Stop loss and Take Profit if you do not know which make the market is moving? Its just a random guess. I have taught thousands of traders, and their weakness on the charts is always Support & Resistance.

I believe traders do not master this subject because of these two reasons.

When it comes to teaching traders, there is no rule book on how to do it properly. This results in traders learning many different ways of trading, and this causes conflict of interest. Look at Support & Resistance training for example. Every trader will draw levels at different areas, and call it different things. This results in beginners being confused, as they never know which way to draw support & resistance. The outcome of this, is many traders just give up with Support & Resistance and learn something else.

There is a myth in trading that Support & Resistance is a beginners way of trading, and you should trade a more complicated way. Ok if Support & Resistance is so simple that beginners only do it…. then why do only 2% master it? If you actually understood Support & Resistance properly, you would know that its not just about drawing lines on your charts. It goes way deeper than that. Unfortunately traders never get a chance to learn it though, as they get brainwashed to learn a more complicated way.

It goes way deeper than just lines…

What I will show you in this course is how to trade Support & Resistance the correct way. When I was learning to trade many years ago, I would always learn a new strategy every month, because I had the idea that the holy grail was out there, and all I needed to do was find it. However after about a year of learning to trade, I noticed I would always go back to Support & Resistance trading. In fact thinking about it now, one of  my happiest moments of my trading career, was when I had drawn a Support & Resistance line on my charts, and I watched price bounce off it. Honestly I could not tell you how happy I was seeing price do that. I knew there and then that with a bit of learning, you could predict the markets.

Image above: This was me trading off my TV screen back in 2016. At the time I lived in a two bedroom flat, and I was trading off my laptop that had a broken screen. To get around the broken screen, I would plug the laptop into my TV. In the picture you can see me trading Binary Options. The good old days!!

Since 2017 I have traded Support & Resistance every day with the Binary Destroyer, and I stand by the saying that Support & Resistance is what moves the market. With over 19,000 members I can tell you now, I have seen pretty much every strategy there is out there, and the majority of them involve Support & Resistance. There is actually a very good reason for this, which I will cover in the next section. However what I will show you in this course is how to trade Support & Resistance successful. By the end of this course, you will not just be drawing lines on your charts.. You will be reading the charts like an expert, and identifying the levels you need to buy and sell from.

I often get the odd YouTube comment every now and then from gurus telling me that my way of trading is basic and simple. The majority of the time I just ignore them, and think to myself if only they knew how the markets truly moves. I’m not really one to show off, but below are my trading results during the 2020-2021 Covid pandemic when we were all isolating at home. During that time my trading results were on a different level, but that is mainly because I had no distractions. Just focusing on the charts!

Now if I told you that to get those results all I was doing was trading Support & Resistance with the Binary Destroyer, you would think its impossible to achieve! 585 winning trades, 1.62% Drawdown with a 98% win ratio???!!! I can tell you now 2020-2021 was a very good year for me.

How can someone who is trading such a basic and simple way, have such amazing results?

The simple answer is Support & Resistance. There is more to it than people teach. I know this for a fact, because I actually was never taught Support & Resistance trading. The way I learnt it was by spending a lot of hours on the charts, and seeing how price reacts at certain levels. I split up with two of my ex girlfriends because I spent that much time on the charts. So what I’m about to teach you in this course, has never been taught or shown before. Its experience I have built up over the years of trading the same patterns, and same levels over and over again!

So lets begin!……