Toshko Raychev Review
It is no exaggeration to say that the most important thing you should know about any trading system is the background and philosophy of the creator who stands behind the product in question. You have to know why should you pay potentially significant amounts of money to the individual who is offering to share his or her secrets, instructions, and advice on trading. You are making an investment not only of money, but also of your valuable time after all.
This is true whether the guru is teaching you how to trade stocks, foreign exchange currency pairs, options, or any other type of financial instruments. On this page we will explore the man who has been called the most successful forex trader of our time, along with his one of a kind in the industry forex trading systems and products.
Toshko Raychev Introduction
Toshko Raychev is a highly successful foreign exchange trader, teacher, and purveyor of proprietary forex trading programs which all include software and apps that he personally designed, coded, and uses. He has invented and marketed four separate high-end trading systems for foreign exchange over the last several years beginning in 2013 with his Forex Secret Protocol.
Though there are no readily available Encyclopaedia Britannica or Wikipedia articles about him available to you online, it does not change the fact that he has become both a household and at the same time legendary name in the niche universe of foreign exchange, or “forex” traders.
Toshko Raychev arose to prominence in the world of foreign exchange traders through a unique accomplishment which he was the first to do and which no one has so far managed to outdo. This is because Raychev remains the one and only individual anywhere who can claim to have triumphed (against around 5,000 individual competitors from around the globe) in the world’s biggest and most significant foreign exchange traders competition in three separate years. This competition is called the SureFire Trading Challenge, and it is the brainchild of creator and sponsor Mark McRae and his Next Generation Trading company.
South Africa native and forex trader McRae came up with this important competition at the turn of the millennium. He was seeking a way to bring together forex trading competitors from around the world so that they might unveil the greatest secrets and strategies ever devised for trading the world’s largest financial markets, FOREX. McRae and company host as many as 5,000 separate trading entrants who battle it out in this forex battle royale every year. SureFire narrows it down from the initial 5,000 to about 500 traders by the time the elimination round concludes. Toshko Raychev first gained fame in the forex trading world when he seized the headlines by winning his first SureFire Trading Challenge competition back in 2010.
What led Toshko Raychev down the path of sharing his secrets with other fellow traders had to do with a contractual requirement of the competition which McRae imposes on his annual winners. They must divulge their full forex trading strategies once they win. This corralled Raychev into becoming a teacher and eventually an instructor of the so far four different foreign exchange systems which he invented as he was required to unveil his secrets in each of the three years he won the contest.
This is how Raychev has managed to stay busy with not only trading the foreign exchange markets on his own behalf, but also with developing and refining his own craft via these four different educational and trading systems that he has been selling over the past half decade to forex novices and professionals alike. His student clientele over the years has especially hailed from forex trading heavyweight countries as the United Kingdom, United States, Canada, Singapore, Australia, New Zealand, and South Africa.
Toshko Raychev Background and Philosophy
Toshko Raychev has an interesting background and philosophy on life in general and forex trading in particular. He revealed much of this personal information and intimate details in a TR Profit System interview he gave when his third Forex trading system was just being released. Here we look at some of the more interesting parts of his life before and after Forex trading, how he became the unrivalled champion of the foreign exchange trading world that he is now, and what advice he offers new traders and professionals alike on how they can become successful at what he calls the “greatest possible job in the world.”
Toshko Raychev’s Life Before Forex Trading
Toshko Raychev did not have an easy start before he became the forex trading guru he is today. When he was divorced and had a son to support, Raychev worked 16 hours per day, everyday. Even when working two jobs all these hours, he was still short of the money he needed to support himself and his boy. He says very soberly that these were “really hard times.”
Raychev’s Life After Forex Trading
Things have certainly changed from the old days for the Bulgarian-born Toshko Raychev. As of the time of his interview for the TR Profit Systems, he was living in an enormous hilltop villa in Greece. The views from this palatial residence take in both the Aegean Sea and towering mountains in the distance. He claims that this new life has been like a dream of “going on a spaceship to Mars.” It is clear between trading his own accounts and marketing his now four different systems teaching others how to trade for themselves that recent years have been most kind to Raychev.
Raychev’s daily routine begins with two hours of weights training in his own personal in-house gym every morning so that he can stay healthy. He feels like once past 40, you really have to take care of your personal fitness and health. When he finishes his daily personal training, he takes his lunch, then starts his trading for the day.
Besides being an amateur weight training man and wildly successful forex trading guru, Toshko Raychev is also a martial arts and karate expert who has competed in a number of serious competitions. Regarding concentration which is required for both martial arts and forex trading, Raychev says in his own words “if you can not concentrate, you will be beaten like dog.”
Learning Something New and Helping Others
Toshko Raychev claims to have helped thousands of traders in his time since becoming three-time world forex trading champion. He says that many of these are his friends. “If you get help, you want to give help” is his personal philosophy for giving back to others.
His Popularity in the Forex Trading Community
Speaking of giving help, and assisting literally thousands of fellow forex traders, Raychev has been incredibly effective in this regard. He counts over 75,000 followers on Facebook and thousands of fans around the world.
The All Important Turning Point in His Trading Career
It is interesting that Toshko started trading by accident. A friend came over to visit him one day years ago, and his friend talked about forex trading. This was the first time Raychev had even heard of forex. His friend put Toshko in touch with a professor of mathematics who had helped the friend. Toshko really liked that you could be your own boss and make as much money as you want in the world forex markets.
It was a far different trading world that existed when Toshko Raychev started to learn and trade for himself. There were no demo accounts back when he started. You had to put your own real money at risk to try out your ideas. He opened an account in Bulgaria with $100 to start. There was only one broker for forex in the entire country of Bulgaria at the time. He says he was “lucky at the beginning, using no tools but only price action.”
Raychev enjoyed success initially and built up his early account significantly. A moment of truth came with the onset of the global financial crisis. He lost half of the value in his account in a matter of a week during the financial crisis in 2008. By the end of that month he states that he had “lost everything and had gone negative in his account.”
This could have been the moment when he simply gave up and walked away from forex trading, and we would never have heard of him if he had done like many others in forex at the time. Instead, he went back to reading and learning more about the forex markets and trading. Toshko learned that he needed real and valuable tools to make his trading work better. He accepted the challenge and became a coder so that he could start programming his own charts, signal indicators, and tools. This was the turning point in his trading career. In his own words:
“I was now on the winning side, making money regularly.”
Raychev claims that he was patient, which he says is among the most important elements in trading. It separates winners from losers. He also demonstrated persistence after suffering a devastating account wipeout, another important criteria for successful forex traders. Per Toshko Raychev:
“Losing trades will happen from time to time and you must not allow them to stop you.”
Finally, he attributes his success to his willingness to learn something new, which he says is critical. “You are learning until your death.”
How New Traders Can Learn His Methods
Toshko Raychev claims that if they follow his advice, new and novice traders can learn to trade successfully. Raychev stresses that you must follow it exactly and not go get creative on your own for his advice and teachings to work. Otherwise it will be a “complete disaster.”
The Scientific Approach Of His Trading Systems
What makes Raychev’s approach to forex trading so much different from those of other foreign exchange gurus and systems on the market today is that he teaches and relies on custom indicators and trading tools which he personally invented and then coded. His systems are both manual and automated. The automated part gives signals to he and his students turned traders. Manual parts of the system come into play with the personally and individually checking out of signals and then placing, executing, and exiting the trades themselves. Raychev and his systems do not use forex robots as with some other competitors.
He claims that his new system is suitable for both beginners and professionals. If they follow his instructions exactly and do not get creative, then it will work well for all traders who follow it.
He likes to improve his systems and create better systems every time. Raychev feels that he should not come up with a new system for traders to learn unless it is much better than the older one was. Despite this fact, thousands of traders are still successfully using his older three systems to this day.
Three Tips for Struggling Traders
Again and again in interviews, Toshko Raychev comes back to three central characteristics that separate successful traders from failed ones, or in his own words, “the winners from the losers.” These are:
- Patience – “Most beginners fail because they are not patient enough. They want more and more trades which is a complete disaster. Successful trading is boring work. Some days you can not find even one trade. Then you will have 10 trades at once. Reality is that you have to be patient. Sometimes it goes hours and hours without any good signal. This is where patience plays its role.”
- Persistence – “New Traders are not persistent enough. After a single day with a couple of losers, they do not continue trading. Every business and trading effort will have both winners and losers.”
- A willingness to learn something new – “Most traders take a single system, learn it, and that’s it. They don’t want to learn anything else once they get to one system. You should learn something new each day.”
The Currency Pairs and Time Frames Which Work Best With His Systems
Toshko Raychev says that his systems work well on most currency trading pairs. He personally works most with those that have higher volatility. “Higher volatility means more profits.” He can not say which pairs will be the highest volatility ones on any given day. He looks for the pairs with the higher volatility at the time.
Raychev favors lower time frames as well as higher time frames, depending on the size of the account you are trading. With smaller accounts, he trades one minute and similarly short time frames. With big accounts, he trades four hours and daily time frames. Per Raychev, a higher time frame equals a bigger risk. You must lower the amount and size of positions you trade for longer time frames. With smaller time frames you can put more money on the table in an opening of a trade as the risk is lower.
What Are the Realistic Gains and Growth Returns if the System is Carefully Followed?
Toshko separates this answer into two parts. He breaks it down according to two different sized accounts with regards to how much a trader can realistically expect to earn doing this forex trading in a typical month:
- $200k or $500k accounts will not gain 100% in a month. “This is totally unrealistic with larger accounts. The risk is much bigger with larger accounts. Five to 10 percent gains for bigger accounts in a month are realistic.”
- Smaller accounts, like $1,000 sized trading accounts, can gain 100% in a month, as the risk is less on smaller time frames so you can commit larger amounts to these trades.
Toshko Raychev on the “Greatest Job in the World”
Without a doubt, to Toshko Raychev the greatest job on planet earth is working as an independent forex trader. He gives several interesting reasons for this. Raychev states that with foreign exchange trading:
- You can work from anywhere in the world, even while on holiday, and anywhere you have a stable Internet connection.
- You can choose your time to both trade and make money because the market works 24 hours per day during the working week.
- You also get to be your own boss and not have to take orders from anyone else. This is what makes the greatest job in the world forex market trading.
Forex trading is not simply a job or means of making money to the greatest forex trading mind of our generation. It is also Toshko Raychev’s greatest love and passion.
Toshko Raychev’s Forex Trading System Products
Toshko Raychev’s five different systems are about more than simply absorbing his unique methods and trading system. Because he exhibits a love of continuously learning and really seems to enjoy teaching others, he is sincerely interested in teaching you all of the particulars of the forex universe about which he is so plainly passionate. His love of the trading game and occupation shows clearly through in his various trading systems and the DVD presentations he does on each of them.
It is also more than fair to claim that his five systems stand alone among the other various forex trading programs available on the markets today. For one thing his systems have consistently been high- end. They are not inexpensive. Something else that sets him apart from a number of his competitors and rival gurus is that Toshko Raychev has always offered a 100 percent money back guarantee for 60 days with no questions asked (through third party administrator Click Bank), and this is definitely a huge confidence building measure.
Here are his five systems which Raychev offers to forex traders today:
Forex Wealth Strategy
Forex Wealth Strategy is the latest offering from Toshko Raychev. This system comes with four DVD’s and a forex trading manual. The special feature of this system is that it allows direct interaction with Toshko the guru in a live online format. He also provides plenty of webinars and system updates to keep things interesting with Forex Wealth Strategy. Raychev delivers his usual world-class customer service and support that allows you to contact one of Toshko’s helpful team members 24 hours per day, 7 days per week via Skype, email, or the phone.
Ultimate Profit Solutions
Ultimate Profit Solutions is one of the latest offerings from Toshko Raychev. This system comes with four DVD’s and a forex trading manual. Raychev highlights the 10 different indicators of the system (three which he created personally) that work together to provide trade entry signals in which traders may place their full confidence.
TR (Toshko Raychev) Profit System
The TR Profit System is a system complete with a litany of useful trading tools, several of which Raychev himself created. Included in this advanced trading formula and system is a number of indicators, presented on a series of 6 DVDs and a thorough guide to forex in printed manual format.It also comes complete with six “cheat sheets.”
This system really showcases Toshko Raychev’s considerable abilities and love for teaching as it focuses on a high level of forex education beyond simply being a common forex trading system like so many competitors on the forex trading systems market today.
New Science of Forex Trading
The New Science of Forex Trading revolves around three insider information nuggets. Throughout the trading course, Toshko Raychev proves to you the ways in which he learned how to become among the greatest traders of all time and managed to show remarkable staying power in an otherwise relatively unstable trading universe. He provides you with a 6 DVD taught system that uses math and science to deliver as much as 360 percent returns month in and month out. Included with this is the special NSOFT app he designed and programmed himself specifically for this product.
Forex Secret Protocol
Forex Secret Protocol is the first system which Toshko Raychev created and marketed to the forex trading community and public. In this system of 6 DVDs and accompanying sheets, he teaches you about important forex trading signals and the means of properly managing your winners and limiting your losers.
Toskho Raychev provides a range of Forex picking systems and services for you. These are his:
Pros of Toshko Raychev
- Raychev won the SureFire Trading Challenge three separate times, making him a trading legend.
- Toshko devoted his life efforts to teaching others how to make money in Forex trading.
- His systems are turnkey and come with DVDs, manuals, and online software components.
- Raychev has produced five original systems for his legions of followers.
Cons of Toshko Raychev
- Toshko Raychev systems are high end, meaning that they are not affordable for all would be subscribers.
Toshko Raychev Review Summary
Toshko Raychev is a highly successful foreign exchange trader, teacher, and purveyor of proprietary forex trading programs which all include software and apps that he personally designed, coded, and uses. He has invented and marketed five separate high-end trading systems for foreign exchange over the last several years beginning in 2013 with his Forex Secret Protocol. Followers of Raychev love his teaching style and turnkey systems that he is famous for releasing.
Phone: (315) 636- 4269