Archive for February, 2010

Real Live Trading with a Forex Pro

Friday, February 26th, 2010 at 8:40 am  
Comments (6)

Trade live alongside a professional Forex System Trader and profit from the same market moves!

If you want the excitement of  trading on the 5 – 15 minute and 1 hour time frames then this is for you.

Very few forex currency traders are willing to actually trade live with you. There are a lot of so called forex gurus out there selling their products and showing you on video how they took this and that trade after the event, but how many of them will run a live webinar for several hours a week, taking live trades on there own accounts right before your eyes…. Not many.

This was what excited me most a chance to trade live with a professional trader, you will be amazed at the difference this will make to your trading.

Earn as You Learn in Live Trading Conditions

  • ¤ Learn forex currency trading in real time from a professional forex trader
  • ¤ Beginner or experienced traders watching live trading – real money – real results
  • ¤ Trade live on your own computer own account with a professional trader at your side
  • ¤ Watch an attempt to trade $1800 up to $50,000 in full view on your screen
  • ¤ Learn the methods, tips and tricks of a Forex “guru” in live conditions
  • ¤ Get your FX  trading questions answered real time
  • ¤ Trade 6 – 8 hours live twice a week from late Asian session to the early new York session
  • ¤ Learn 3 proven systems suited to all types of traders.  The t24 set and forget , G7 Intrad Day Forex  System, the e75 15 minute system and the adrenalin rush 5 min strategy.
  • ¤ All live session video recorded for later review

If you are just starting out or have been trading for a long time, there are always areas of our trading that could be tweaked. This is an incredible opportunity. It is the live webinars that offer the chance to question every move, ask the reasons for the entry and exit.  To watch real trades being placed on the traders deal station

It is amazing how beneficial that can be in trying to harness your emotions and discipline. Watching the live account rise and fall and knowing that even the experts don’t have all winning trades, all their before your eyes in real time, nothing can beat this method of learning forex trading With any forex system whether it be day forex system trading or intraday forex, there will be times when the market will not suit the system you are trading, this is why it is important to have several systems in your trading tool box, this way you will have strategies to cover the  various market conditions that are for ever changing.

With this forex trading offer you will be learning 3 different forex systems

Trade on a free forex demo account until you feel comfortable, a good way to test the strategies without the stress.

A good “Money Management” tool will help you to work out your trade sizes fast, this free  calculator can sit on your desk top for easy access.

Reserve your seat as the live forex trading sessions are limited.

Full 60 day money back guarantee, a good reason join, you won’t be disappointed.

It’s like having your very own personal mentor.


day forex

Money Management – Forex Day Trade

Friday, February 26th, 2010 at 8:31 am  
Comments (3)

Your survival in the Foreign Exchange Market is determined by your ability to follow strict money management rules, without them you are doomed to failure.

If however you follow good money management rules, it is virtually impossible to fail, assuming you have a sound trading system. Trader psychology is the greatest enemy of the forex trader. Everyone hopes to get rich Right now. If you pursue that mentality you may as well hand all your cash over to the broker today as you will surely lose in the long run.

Money Management is the major component that determines your success or failure when it comes to any forex trading system. When you don’t have a money management strategy then you are destined to failure. Bottom line When you have no money left you simply cannot be a forex trader!

Without distinct rules trading forex is the same as gambling. For most people that trade without rules, that is precisely what they’re doing. Sure they are going to have successful trades, but they will certainly hit a bad patch at some time that more often than not will wipe them out.

Money management rules I have adopted:

1. If you are starting out with a small account never ever risk more than 5% (maximum) on  any trade.
2. When you take a couple of trades or correlated trades simultaneously ie the eur/usd and the gbp/usd then 5% would be       the maximum exposure you should have for both trades.
3. If it is a counter trend trade never risk more than 2.5% maximum.
4. Always plan the trade and place a stop loss on entry.
5. Plan your take profit exit before you enter the trade.
6. Never take trades with less than a 1:2 risk reward ratio. For example if the stop is 30 pips, then the trade has to be able to make 60 pips.
7. If you have 2 losing trades in a row, cut your risk back to half.
8. Should you lose 3 in a row cease trading for the day and analyze your decision to take the trade. Next day either start with on 1.5% risk or go back to a demo platform, but remember stick to the rules.
9. If you have 3 wins in a row revert to 2.5%, that way you will not lose all the profit you have just made.
10.  when you get back to a 60% win/loss ratio, return to 5% maximum

As you account grows reduce your risk per trade till you are trading around 2-3% per trade.

Whether you are using a forex day trading  system or  an intra day forex system you are trying to identify repeatable patterns in the charts, these do not happen everyday, you need to have patience, if the market is not giving you a trade walk away and you live to trade another day, it will always be there tomorrow.

Have a trading plan and stick to it, no exceptions, and follow good money management rules. This forex currency calculator will keep you in check.


day forex

Learn to Trade FOREX

Tuesday, February 23rd, 2010 at 1:33 am  
Comments (3)

Keys to Forex Success

The Foreign Exchange (Forex) Industry is estimated to turnover $3 trillion dollars everyday. If you hope to be part of the action, you will need to get educated and really know what you are doing. The surest way for you to gain an edge, maximize profits and minimize losses is to know the market and how it works.

The Forex industry was and still is the domain of the big players. They consist of commercial banking institutions, central banking institutions and multinationals involved in foreign trade, along with big investment funds and corporations. On top of that, private people with large capital assets also common participate. However more and more small players are entering the industry.

To swim with the sharks you need to be well equipped. In other words, you must have a good solid trading system from the start.

There are two different kinds of analysis employed in the foreign exchange market…technical analysis and fundamental analysis. Technical analysis is generally used by the smaller players. Here, the analysis focuses on charts… price action. Fundamental analysis is employed by the big banks and corporations; this kind of analysis is more complicated and looks at many additional factors which may impact the value associated with a currency.

Common terms used in the currency market.

Pips refer to the increase of one hundredth of a percent of the price of the actual currency pair you’re trading.

Volume is the actual amount or sum of money being traded at anyone time in the market place.

Buy – Buying is the purchase of a particular currency. A trader buys with the hopes that the cost of the currency will increase.

Sell – Selling is placing your bundle of currency out for another individual to purchase because you expect a possible decrease in its value.

The Forex trading system you choose needs to be closely matched to your individual personality, what type of Forex trader are you? There are many day forex systems out there, no one system will work in all market conditions, therefore having a few systems that cover the various market conditionsis a must.

Be sure to perform paper trading until you are comfortable with the forex system you are working with. This is really a smart way to build your own trading expertise, learn how the market performs and get comfortable with the software as well as tools you will be using.

Select a reputable broker, do your own homework… check that there’re registered and in good standing. And check their reputation within the industry.

Forex trading may seem easy and manageable, but the psychological anxiety, the needs and challenges associated with being a Forex Trader can take its toll. Success is about having a game plan, money management and discipline, as well as a profitable day forex system trading strategy.


day forex

Do Follow Blog, Comment Luv, Keyword Luv & Top Commenters

Friday, February 5th, 2010 at 12:59 pm  
Comments (9)

• Looking for regular “follow” links to your site? This site is running commentluv, keywordluv and top commenter, thus rewarding those who leave quality comments with backlinks.

Please Note:

Don’t wast your time adding useless comments, all low quality comments will be deleted,  simply keep on topic  to the original post, and your comment will be approved.

I want to give you links but unless you add to the discussion I can’t give you links. It is a win win for both of us if you respect the request to add valuable comment.

day forex

Disclosure Statement

Thursday, February 4th, 2010 at 2:51 am  
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Disclosure:
I am an affiliate to one of the companies I link to on this site, however, I have not been given free products or been paid for any reviews.  While I do receive commissions from one of the companies on this site, I carefully select any company I link to and I believe them to be in full compliance with FTC laws. My commission in no way adds to the cost of the product or service to you.

Disclaimer: Any responsibilities and liabilities in/re the products and companies I link to are the sole responsibilities of those companies.


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