FX Trading School

I have learned loads about trading forex in many live fx trading schools, see links at the bottom of this post to see where.

However I have found for me the holy grail of trading that suits my stress levels and trading mentality perfectly. It isn’t scalping but it is short term trading (5 minute charts) where you never risk more than 1% of your capital per trade and you can often get two or three trades a day and grow your account 2 – 10% per day, 20 days a month.

Vantages entries combined with 2b reversals is becoming the safest and most consistently profitable way to trade forex I have found to date. It is also the simplest by far. No indis, no moving averages just pure candlestick analysis, trend analysis and price action at support and resistance.

Every evening now I just take a quick flick through a number of hourly charts looking for potential reversal setups, or areas that might act as support or resistance the following morning.

Then another quick flick through in the morning to see if we have an H1 reversal, if we do just drop down to the m15 and then m5 and wait for the lower high or higher low. Use the vantage entry and the low or high of the 2b reversal swing one for the target. SIMPLES.

This mornings EJ trade,

confirmed on the m15 chart below

and the H1 chart below

this is a perfect example of a counter trend trade confirmed in two higher timeframes (trading the retracement in the uptrend). We may get a decent long entry off this if we get a similar set of signals for an H1 reversal north. NFP so care needed.

Just under 2% profit with 1% risk. Cool.

I also learned how to trade forex and would wholeheartedly recommend 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

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.

CLICK HERE To join my mailing list where I will be sharing my extensive result from trading with the fx500club and Zulutrade automated trading and other Expert Advisors automated trading systems

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

2b reversal and 123 reversal trading instructions

Managed forex accounts with no fees  Zulutrade

I have now managed to find a few Zulutrader signal providers that are trading for me profitably, sign up for a demo account using my link above then contact me at info @ forex-experts.co.uk so that I can verify your email, I will then contact you with the traders details.

Strats free guide to Stress Free Trading the very best free place to learn to trade forex

Strat will teach you how to trade candlestick patterns at support and resistance, STEVE NISON also has some brilliant products that will help you become a protitable home day trader.

Click here to vist Steve Nisons website or

Click here to signup to his Free Newsletter Signup

Learn to trade forex in a live trading school, just £97 a month in the fx500club live trading academy. 

Over the weekend I spent some of my time studying the daily weekly and monthly charts and was practicing drawing strongest levels of support and resistance along with trendlines connecting the most significant levels. You never stop learning.

By switching your metatrader platform to line charts you can see the average closing prices, many say this is the most significant price to use for charting with. I am still learning to draw support and resistance with this method but I Like it alot indeed.

Below is the cad/jpy monthly chart with just the line chart prices on it. No reason for chosing this chart other than it is one I don’t trade much so the chart was clear of any notes.

Now I draw green horizontal lines at every higher low that makes a higher high (confirmed support) and a red line at every lower high that makes a lower low (confirmed resistance)

Then I move to the weekly timeframe to adjust the lines from the monthly for accuracy and also add any more levels that I can see now we have zoomed in.

I then drop to the daily chart and do the same as I did with the weekly chart.

Forget going any lower than the daily charts for now, they are just noise and will just confuse the issue here.

Now we can change the chart from line charts to candlestick charts. Daily chart below.

It’s still a bit of a mess but notice how the price respects certain levels repeatedly testing, bouncing off, breaking and testing the next level. Think how with all the other price action tools we have in our toolbox we can capitalise on this stuff, hammer candles off support, inverse hammer candles at resistance etc. More importantly notice how some of the SR lines are spaced wider than others. Big gaps, big profit targets, small gaps major levels to break or congestion and consolidation.

Then drop down to the lower timeframes and look at some of the amazing trading oppertunities there. H4 chart below.

Remeber higher timeframes always overule the lower timframes therfore what may look like a criticle level on h4 or h1 is just  in reality a minor resting point before the price marches on.

You can just trade breaks of these major daily support and resistance levels to the next levels, watch it test, break then retest then take your trade, use trend analysis on the h4,h1 and 15 minute timeframes to enter trades between these major sr levels.

Look at the h1 charts below, the levela are still the ones I drew using the line charts on the monthly weekly and daily charts, many of those gaps are 200 pips plus, time and time again. Support and resistance really works. SIMPLES.

Historic support and resistance levels have an important role to play, charting them correctly is essential. You must practice and practice doing this until you can do it in your sleep.

Click here for a free weeks trial in Anders Larsens live Trading room

I also learned how to trade forex and would wholeheartedly recommend 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

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.

CLICK HERE To join my mailing list where I will be sharing my extensive result from trading with the fx500club and Zulutrade automated trading and other Expert Advisors automated trading systems

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

2b reversal and 123 reversal trading instructions

Managed forex accounts with no fees  Zulutrade

I have now managed to find a few Zulutrader signal providers that are trading for me profitably, sign up for a demo account using my link above then contact me at info @ forex-experts.co.uk so that I can verify your email, I will then contact you with the traders details.

Strats free guide to Stress Free Trading the very best free place to learn to trade forex

Strat will teach you how to trade candlestick patterns at support and resistance, STEVE NISON also has some brilliant products that will help you become a protitable home day trader.

Click here to vist Steve Nisons website or

Click here to signup to his Free Newsletter Signup

Time and time again I see the importance of trendlines for use as support and resistance on the higher timeframes, especially now I am spending my days listening to a trader that discounts technical trading as total balderdash, don’t get me wrong fundamental trading is absolutely brilliant but combined with technical analysis it it utterly astonishing.

I just had to post this incident almost caught me out and that will have caught so many other traders out. The h4 buob ( bullish outside bar ) marked by the white question mark is the point I considered going long.

However the solid red sr line was old resistance that had the potential to become new support which led me to believe the price would return to that as a test, as mentioned in previous posts, the ascending trendline and the dotted red daily 20 moving average represented another support level that had the potential to be tested.

Profit taking was rife and buyers piled in after they had allowed sellers to test those levels; all fascinating stuff for me as always. The daily charts show that whole move as a hammer candle.

It just all goes to  show the power of candlestick charts, trendlines, and the daily charts.

Click here for a free weeks trial in Anders Larsens live Trading room

I also learned how to trade forex and would wholeheartedly recommend 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

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.

CLICK HERE To join my mailing list where I will be sharing my extensive result from trading with the fx500club and Zulutrade automated trading and other Expert Advisors automated trading systems

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

2b reversal and 123 reversal trading instructions

Managed forex accounts with no fees  Zulutrade

I have now managed to find a few Zulutrader signal providers that are trading for me profitably, sign up for a demo account using my link above then contact me at info @ forex-experts.co.uk so that I can verify your email, I will then contact you with the traders details.

Strats free guide to Stress Free Trading the very best free place to learn to trade forex

Strat will teach you how to trade candlestick patterns at support and resistance, STEVE NISON also has some brilliant products that will help you become a protitable home day trader.

Click here to vist Steve Nisons website or

Click here to signup to his Free Newsletter Signup

Join a live online fx trading school like the fx500 club live online fx trading school to learn how to trade manually like I do.

This oil trade was worth 280 pips profit and it was a very simple trade taken using the break of a hammer candle.

All I had to do was draw a resistance line at the top of the daily hammer and a support line at the bottom of the hammer then trade the price break of either level.

Hammer candles on a daily chart are very strong trading signals, you can place orders, place your take profits and stop losses and close your trading platform for the rest of the day. 

Trade long to the previous high or short to the previous low. It really is that simple.

I personally learned how to trade 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

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.

CLICK HERE To join my mailing list where I will be sharing my extensive result from trading with the fx500club and Zulutrade automated trading and other Expert Advisors automated trading systems

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

2b reversal and 123 reversal trading instructions

Managed forex accounts with no fees  Zulutrade

over 700 pips profit in a week  from one very relaxed trade using the daily charts.

Ok first off I have to reiterate what a brilliant place the www.fx500club.com is to learn how to trade, I don’t post so often these days because whilst I am still a very happy paying member of the www.fx500club.com live trading room I have applied what they taught me to the longer term charts. Primarily Daily and weekly charts.

There is a saying , “trade less, profit more” I now have my daily charts (about 20 charts) setup with old levels of support and resistance drawn on them. All I do now is check the charts at the daily close of the markets to see what that candle is telling me.

Is it a hammer at support, for long trades, or an inverse hammer at resistance for short trades. In an uptrend I just wait for the price to drop back to support and watch candlestick / price action looking for long trades.  Vice versa for short trades. This takes just a few minutes a day, the rest of the day I spend improving my candlestick recognition and chart knowledge, price action etc. Very stress free trading.

At the weekend I study the weekly closing candles to see what they tell me.

Oil was a trade I took after the break upwards of 69.00 and the descending trendline on the daily chart. The chart speaks for itself.

I use the four hour and one hour charts to get a tighter entry, as you can see the 1 hour chart shows my bunched moving average entry that I learned from the www.fx500club.com

1 hour chart below

My initial target was $75 and I held a full position till 74.80, 525 full pips, I closed 80% and will let the rest run, $78 is my next old resistance level from june 2007, that is where I expect this swing to go to, if I get a good retracement I will add back onto this trade and hope oil goes to $150 again lol.

I could not be trading as profitably or as relaxed as I do without the priceless forex trading tuition I received in the fx 500 club.

I am not trying to teach you how to trade the daily timeframe rather I am trying to alert you to what I believe to be the best  and least stressful way to trade.

You can learn how to trade classic support and resistance with price action at support and resistance FOR FREE by searching for all the forex forums online.

I personally learned how to trade 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

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.

CLICK HERE To join my mailing list where I will be sharing my extensive result from trading with the fx500club and Zulutrade automated trading and other Expert Advisors automated trading systems

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

2b reversal and 123 reversal trading instructions

Managed forex accounts with no fees  Zulutrade

Check out the results of years of work researching the most profitable ways to trade forex for a living.

I have been testing this expert advisor now for a month. I stumbled across it during my forex expert advisor research.

There are a couple of people who have kindly uploaded there Live trading results and they have been making profits right from the outset, back in January 2009.

I will be reporting my results here so bookmark this page and check back regularly.

This forex ea really is profitable see the live trading statement below

Profitable expert advisor live trading results click here

Forex Goldmine

I have finally found a forex expert advisor that seems to be making consistent profits over a sensible period of time. The only live trading (real money) results I have found are an Australian lady’s’ results. She has made $8000 in 7 months trading with an account started with $10,000 and has been consistently profitable since Feb 2009, very promising indeed. I will add my own live trading results once I have forward tested this EA on demo for a few months first.

I have done and continue to do extensive research about this profitable forex expert advisor and all my findings are so far very good. I have managed to find another person ( professional forex trader ) trading real money using this expert advisor and in her own words “I am very happy with this forexgoldmine profitable EA, it trades very conservatively and protects your capital at all times, I am very happy to be trading a substantial amount of my money using this Forex Goldmine EA”

Checkout the live trading results for Forex Goldmine below

Profitable expert advisor live trading results click here

at just $39.99 a month  for this Profitable forex ea, this is one of the few profitable forex Expert Advisors I have come across

I have only just come across this expert advisor and will be forward testing it myself and will post the results here ASAP

Here are my first 3 weeks demo trading results for forexgoldmine.

Forexgoldmine results demo account 1 Click here

Forex Goldmine demo trading results account 2 Click here

Click here for a free demo account and also visit a active forum where you can see other peoples trading results

Forex Goldmine is being used by professional forex traders that really know what they are doing when it comes to trading forex for a living. The two lady forex traders that I have managed to find live trading / real money results for by searching online that are genuinely trading forex for a living are both also trading forex manually and making a profit. As you know this is very hard to do and usually takes people years to perfect. They are currently using Forex Goldmine to supplement their income from trading, something I intend to do also. Spread the risk and have a Stress Free forex trading lifestyle is what we are all about.

I am continually doing extensive research looking for and testing profitable expert advisors, for FREE unbiased up to date information and regular expert advisor automated forex trading reviews and results please join my mailing list. Click here

Also check out Zulutrade , this is another source for automated forex trading. I have been demo trading with Zulutrade since May 2009 and have so far managed to find about five Zulutrade signal providers that trade with sensible money management, results to date range from between 3% and 20% monthly growth based on the extremely conservative money management rules that I trade using.

I hope to achieve a minimum of 3 to 4% growth per month on my capital which when compounded will be about 60% per year.

I am happy to give anyone information on these Profitable and safe Zulutrade signal providers for free, all I ask is that you join Zulutrade by clicking Zulutrade on this page then you will need to join my free mailing list Click here using the same email address as you used to join Zulutrade in order to verify authenticity. I will then send you details of the most profitable Zulutrade forex signal providers.

I joined the fantastic fx500club back in December 2008 just after they opened for business. It is a forex trading school that makes learning to trade forex as simple as it ever will be. Dan Armitage who owns the fx500club is an accomplished live trader, an ex professional city trader and also a professional forex trader teacher. Dan has built up a brilliant team of professional forex teachers now. Zak Lloyd, James Boord and Hemal Pandya are all full time manual forex traders and they teach us how to trade forex in Dans daily live online forex school. Click Here to get a FREE days entry into the fx500 club live trading room

The fx500club is in my opinion one of the best places to learn how to trade forex, at just £97 a month it is also very good value. Be prepared to give it plenty of time to learn how to trade forex profitably, three or four months in the fx500club live trading school  is a minimum requirement I would say. Don’t just take my word for it, check out the fx500club now, I promise you it will be worth it.

I am continually searching for other ways to make my money work for it’s keep, bookmark this page and also join my mailing list Click here because I will be continually adding new ways to make money trading forex and the commodities markets as I find them. Bye for now.

Disclaimer

you trade forex at your own risk, it is a high risk financial instrument, if you get it right you can make a fortune if wrong you will lose a fortune. Never trade with money you cannot afford to lose, Always demo trade every strategy , expert advisor or trading system before using real money. Good Luck.

There were numerous profitable trade calls in the fx500club Live Trading Room today, swissy long, euro usd short, cable short and my trade the euro gbp long. Hundreds of pips available to those who took all of the potential fx500club trade setups.

 I took this euro / pound trade because for me it looked to be the clearest setup and due to the lovely sunny weather we are having I like to be in and out of a trade with most of my profits banked and my stoploss moved to breakeven so that the trade is guaranteed profitable.

This was another trade based on the bunched up moving averages that I am so enjoying trading right now. As you can see   from my chart the price crossed above the moving averages just after midnight during the Asian trading session. All the cci indicators had moved above zero and had turned green, all I was looking for then was the cci 21 to retrace below zero, turning red then wait for the moving averages along with the cci21 to start moving back up. My entry was at 0.8578 with my stop loss just 6 pips away at 0.8572, my first target was an old high 0.8627 I banked 75% there and moved my stoploss to my entry plus the spread (0.8580 = breakeven) so I cannot lose any of my profits on the final 25% of this trade now.

You can also see from my charts that my entry was a the level that was old resistance bocame new support, these levels are very powerful and very good places to enter trades giving you tight stop losses. You may also notice that we have a series of higher highs and higher lows creating a new trend on this 5 minute chart.

I have spent years analysing charts and many different methods of trading forex manually. It never ceases to amaze me how all the different manual trading methods and forex trading systems compliment each other.  I cannot stress enough how important it is to thoroughly learn everything you can about technical analysis before trading with real money.

Join a Live online trading chatroom until you get enough forex trading knowledge and confidence to trade on your own.

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

 Hemal Pandya joined us this morning after a break of a few months, in the Live online forex trading room. What a great start to the week, euro usd short for 50 pips and a pound dollar short for about the same, I’ve closed half on both and moved my stops to break even so any further moves south will be free  / no risk trades. This allows me to maximise my profits if they should run on for 100′s of pips.

Before entering the www.fx500club.com live trading room I had already drawn my possible setups on my charts so I was pleased to see that my chart analysis agreed with that of the forex tutors in the fx500 club. Zak Lloyd arrived early this morning and said he had shorted eur/usd at 1.3 900 first target 1.3870 ds1 and then next target about 1.3800, ds2.

Personally I entered my short based on the new system I have been studying recently, the DIBS strategy, daily inside bar strategy, look at my vertical red line and you will notice it is an inside bar, with a high of 1.3915 and a low of 1.3907, 1.3907 was my entry for a short and my stoploss was the ib high at 1.3915, a tiny stoploss so a nice risk reward, as you can see it is working out brilliantly. 

What a great start to the week and also a great start for Hemal Pandya as well. Dan Armitage, James Boord, Zak Lloyd, Andersbaard Larsen and Hemal Pandya are the fantastic team of live forex teachers and traders that make the whole experience so much fun (and profitable) in the www.fx500club.com Live online trading room. Way to go guys and at a price of just £97 a months membership, fantastic value.

Ok just 90 minutes into my day I have made my days target, I have my stops and take profits set for the remainder of my trades, time for brekkies now and a round of golf before maybe popping back to look for a few more safe trades to take.

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

A great start to the week with multiple trading opportunities spotted by Zak Lloyd the live forex trading teacher and mentor in the www.fx500club.com. As Zak said today it was the early bird that catches the worm and Zak had got into the room just after 6am gmt this morning. He had been watching the dollar index all last week and had been warning us to watch for dollar strength allong with euro weakness. Based on his research and also by studying immediate price action Zak decided a short on the euro / usd would be the safest trade this morning.

He told us to consider going short at 1.3935 with a stoploss at 1.3975 and a first target of the 1.390 area, take some profit at that point and consider adding to the trade if it retraced to 1.3945. He did expect this trade to test the monthly pivot at 1.3825 over 110 pips away from our entry. There were a few other very good setups today that we could have taken. I personally traded the euro/ gbp short for 60 pips and also shorted Oil for 50 pips, all in all a very good days trading.

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