James Boord is a Live Forex Trading Teacher – he called 5 winning trades today so far
James Boord of the www.fx500club.com live trading room was looking after us all on his own today as the other three forex teachers / traders were all indisposed. James did a fantastic job, he called four winning trades, I took just two, a euro / gbp long and a gbp/ usd short trade.
James said we should watch for a break down through support at 1.6100 then wait for a retracement back to that 1.6100 level before taking a short trade. I entered at 1.6095 , James told us to put our stoploss at about 1.6120 and our first profit target should be at the weekly pivot at about 1.6050. Everything went to plan, what a great trade, thanks James.
Short sell cable trade for 45 pips profit
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.
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