Foreign Exchange Traders

You won’t need any free trading signals if you join the www.fx500club.com or www.fxmonkeyschool.com because the guys teach you how to take trades yourself in their live online forex trading school. Day trading forex with Dan James and Zak the amazing currency traders and brilliant forex teachers. Membership to the fx500club only costs £97 per month so before long you will be making that in 1 trade and the rest of the month is free.

This trade I took today was a beauty, James Boord was hosting the trading school today and he had pointed out a good few opportunities to trade so we were just waiting for the setups to come to us. 

This usd/chf swissy short trade was my pick of the bunch, I had been long aud/usd all morning so had already banked 40 pips and saw the USD as being the weaker currency today. I entered this swissy short at 1.0846 trading the break below the daily pivot, I was aiming to take some profit at the monthly pivot  at 1.0811 then let the rest run on.

As you can see we use the cci indicators to help us get our entries, I also like to use the stocastics as well.

Nice trade to finish a brilliant week in the www.fx500club.com live trading room.

Click Here to get a FREE days entry into the fx500 club live trading room

Always Remember.

Keep your risk as a percentage of your capital low (1%), equals stress free trading.

Always work out potential losses before potential profits.

We are paid to take risks, if you aren’t in a trade you cannot win a trade!!

Buy off support and sell off resistance.

Bank partial profits early and move your stop loss to break even as soon as you can.

I am learning how to trade these setups and indicators across all time frames with the help of the fantastic team at the www.fx500club.com They have a live forex chat room and share their charts so that you can watch them find potential trades in real time.

They also have a school for learning how to trade longer term charts at www.fxmonkeyschool.com.

The fx500club and fxmonkeyschool, forex trading school don’t just trade charts and indicators alone, they teach us to use correlation of the whole market before entering a trade. It truly is the best place to learn how to trade forex properly, safely and profitably. It’s all about the pips and about protecting your capital.

Click Here to get a FREE days entry into the fx500 club live trading room