Live Forex Teachers

Yet another fantastic day of profitable trades called by James Boord and the team in the www.fx500club.com and www.fxmonkeyschool.com. The online forex and currency trading room where they give live trading signals and also teach you how to trade at the same time.

I had winning trades in a number of currencies today, euro/gbp short for 60 pips, cad/jpy long for 55 pips, gbp/jpy long for 90 pips,  aud/usd short for 80 pips, aud/ cad long for 35 pips, and finally I just got back to my trading terminal and find an order I had for shorting cable kicked in for 70 pips profit and the short that James called in the www.fxmonkeyschool.com  on the uk100fut has just hit target for 85 pips profit.

60 + 55 + 90 + 80 + 35 + 70 + 85 = 475, not a bad days work , we were on fire today, thats the best days trading for a good while, and it is only half way through.

Here’s the explanation and chart for the uk100fut trade.

We were in the www.fxmonkeyschool.com for one of my lessons on longer term trading, for trading 1 hour, 4 hour, daily and weekly timeframes. James showed us this setup and suggested that if the price came up to 4500 we should consider shorting it. This was for a number of reason, it had tested that resistance level 6 times before, and also there was a gap that needed closing from the previous day.  If James give us a heads up like that we’d be mad not to throw a trade on, the stoploss was small, just 20 pips and the target at 4400 was 90 pips, a great risk reward. The trade went great, the rest is history. Thankyou James and the www.fx500club.com and www.fxmonkeyschool.com.

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