Forex Trading Training Video

Posts Tagged ‘Peter’

Using Higher Time Frames To Find a Day Trade, Plus a Live Scalp Trade I’ve recorded 2 videos for you this week, one a live scalp trade, and the other is a trade that lasted almost 24hours. The common theme among these trades is….the proper identification of expected levels of support or resistance. It doesn’t matter how you want to trade — longer term or shorter term — the process is the same. But just remember that if you’re trading a longer term approach, the concept of incorporating market fundamentals into the trading plan becomes more critical.

As you probably know, there are a myriad of candle patterns that you can learn to recognize. Trouble is, if youre like me, Im not interested in becoming a candle expert. Im only interested in making money in the forex. Not long ago, I attended a seminar wherein the well-known presenter spent his whole time preaching the merits of how to read candles properly. I left that session not any more the wiser about how to use that information to trade with and profit from. To make a fat story thin, there are only three candles that crank my wheel. In this video, Ill show you how powerful they are in predicting market turns. All you have to do is be alert to price swings that are alerted by these formations. Check it out at this link: www.forexmentor.com Easy eh? No fuss, no muss. Just three candle types to remember, and youre in the money.

Simple Observations to GREATLY Enhance Your Trading Results This week’s trade example is just a very short (5 min) video, but it illustrates an extremely powerful concept in trading — the proper use of support/resistance levels, and how to trade around them. Take the time to watch this one — it’s only 5 minutes, but you’ll get a good idea of how simple observations can really enhance your trading.

Watch a London Close Trade LIVE! For this week’s trade example, I’m going to show you a live trade that I took based on the principles that we teach in the London Close Trade Strategy course. There’s been a ton of interest in this course, so I thought I’d record a couple of these trades live, while they were happening, so that you could see first hand ho they set up, and how we take advantage of the price action around the close of the London Stock market, with very high predictability. You can view these live trades here.

I received a request from a member to discuss “primary” versus “secondary” key levels of support and resistance. These are extremely important levels to be aware of no matter what time frame you like to trade, or what style you prefer to trade. Whether you scalp, trade longer term, trend trade, or counter-trend trade, being able to effectively identify these levels will help your trading!

Will Mentoring Help Your Forex Trading? Check This Out. In these weekly trade examples, I have often said that if you want to speed up the learning curve, don’t re-invent the wheel! Learn from others who are getting the results you want. Model after them. Today I received emails from 8 Coach’s Corner members, all with profitable trades — trades that they learned in the CC. These people are learning to see things in a new way, and they’re applying what they’ve learned. You can learn this too!

Effective Use of Fibonacci Levels This week I have what I believe is important information for you regarding the use of Fibonacci levels. The Fibonacci tool can be a great help in trading, but it’s critical to learn how to use Fibs effectively. In this video you’ll be provided with distinctions that can greatly enhance your results when using Fibonacci levels. Just click the following link to view it.

Watch a London Close Forex Trade LIVE! Last November, we released our London Close Trade Strategy course, which has turned out to be the most popular course ever at ForexMentor. It shows you how to take advantage of the conditions surrounding the close of the London stock market, for consistent profitability. Although this is a trade set up that is specific to the conditions at the London close, the technical parameters can be used for other types of trades. Today I thought I’d record one of these LCT trades live for you — as it unfolded in real time — so that you could get a sense of how this short term “scalpy” strategy works, in a live environment. It wasn’t a big trade, but the consistent application of the methodology is what counts — you never know what the market is going to give you!

How Important is System Accuracy In this week’s example, I talk about system accuracy pro’s and cons. The fact is that win/loss accuracy is not necessarily important from a system perspective (depending of course on reward vs. risk); however trading accuracy can have a profound effect on a trader from a psychological point of view. I’ve been coaching aspiring Forex traders for a long time, and the truth is that most people can’t stand losing very often — and this is just one of the benefits of the London Close Trade Strategy course — high accuracy and very low risk.

Live Forex Trade Gone Wrong! As we all know, trades don’t always work out the way we expect. In this week’s video I’m going to show you a trade that I recorded live that didn’t go as expected. The take-away from this video is the critical importance of managing your trade once you’re in it. Always remember that anything can happen. Once you’re in a trade, you are NOT in control of what price does — the market is. However you ARE in control of what YOU do! You can view this video here (about 7 minutes).