Aug 19, 2010 – Live Forex Trading Room – Following a disappointing Philly Fed Index number, the yen strengthens. As Eur/Jpy falls to oversold levels, Sam takes a retracement trade on Eur/Jpy that nets +14 pips onthe first half and he closes out the position with +12 on the second half.
Total for session +13 pips, equalling 1.3% account growth. For the 4 trading days this week (currently not trading Fridays) we have gained +57 pips, for approximately 5.7% account growth! That is an average of 1.425% account growth per trading session! If we could maintain this average over just 200 trading days, we would turn $10,000 into $170,000! (compounded daily). That is averaging only 14 pips per day!
Here are the Timestamped Transcripts (London Time)..Read More
Aug 18, 2010 – Live Forex Trading Room – In a range bound market, Sam makes several in and out scalping trades, to net +18 pips.
Total for session +18 pips, equalling 1.8% account growth.
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Aug 17, 2010 – Live Forex Trading Room – In a risk hungry market, with the Dow up 50 and climbing, Sam goes Long Eur/Usd. After taking +11 on the first half, the trade quickly accelerates into profit allowing for +17 pips on the second half. Averaged position earned +14 pips. Total for the session +14 pips. Equalling 1.4% account growth for the session..
Here are the transcripts…
Aug 16, 2010– Live Forex Trading Room – FX MoneyMap Global Trainer Sam Shakespeare sees an opportunity for a long trade in Eur/Usd. Once he notices a Vanilla Setup at a 1 minute entry, he checks his charts and then jumps in. This trade nets +12 on half position and +10 on other half.. Averaging +11 pips on total position. Sam also takes a short EUR/JPY trade but exits at +1 pips.
Total pips for today’s session +12 pips. Equalling 1.2% account growth for the session.
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Aug 11, 2010 – Live Forex Trading Room – Sam enters a USD/JPY Short trade on a Bounce Trade Setup, and in a reasonably short trade, is able to bag an 8 pip move. Join me for a Free Live Trading Session. Trades today earned .8% account growth for session. Best viewed in Full Screen.
Aug 10, 2010 – Live Forex Trading Room – In a tricky market, Sam goes Short Eur/Usd. After taking +9 on the first half, he sees +13 on the second half only to drop back and stop out at break even. He then enters another Short Eur/Usd trade, only to have it shoot against. watching the trade go negative, Sam patiently waits for a reasonable -12 exit. Total for the session -7.5 pips. Equalling a .75% drawdown.
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Aug 9, 2010 – Live Forex Trading Room – No video to post today as the market was extremely slow. Sam ended up breaking even on three trades..
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Aug. 4, 2010 – Live Forex Trading Room – Sam enters a EUR/USD Long trade on a 1 minute box reversal, and though he has to wait about 25 minutes, is able to bag 13 pips with the trade never going against more than the spread.. Join me for a Live session. Best Viewed in Full Screen.Read More
In the globe’s biggest financial market where trades reach up to trillions of dollars everyday, many people today really desire to be involved in the foreign exchange market. Apart from being the greatest monetary market on the globe, the currency market is in addition by far the most liquid market on earth where positions are done around the clock, five days a week.
A number of traders became very rich investing in foreign currency exchange market. And, many people who buy and sell in the Forex market on a daily basis are finding a marvelous strategy to retire early. Some even became millionaires essentially overnight by just exchanging in this financial market. Trading in the foreign currency market can be extremely appealing. Nonetheless, it’s also wise to be aware that there have been individuals who suffered severe monetary losses in forex. It’s correct that forex trading presents an excellent wealth building opportunity to numerous people, yet it also carries risk.
It is undeniable that individuals who do not acquire the appropriate knowledge and skills trading in forex will endure large fiscal losses and many even go into debt. Therefore, before you begin trading forex, it is necessary that you have the required knowledge and skills as a Forex trader in order to reduce the risk of losing profits and increase the chances of being successful.
Lots of people who have found success in forex trading have completed a Forex trading course to obtain the understanding and techniques required to profitably trade in this very liquid and very huge financial market. In a Forex trading course, you will gain insights about when it is the ideal time for you to enter a trade, chart price action, detect market trends and developments, use technical indicators and as well know how to use the various trading systems available in the Forex market. You will probably become familiar with the terminologies employed in the Forex market. Even the simple knowledge about trading in the foreign exchange market could be a great help with your new business venture in the planet’s largest marketplace.
You will discover varied Forex trading courses available, all you should do is choose one that fits your requirements as a forex trader. You’ll find crash courses where by all the important things about Forex might be shown for you in a brief duration of time. You’ll find full time forex trading courses, where you will understand all about Forex over the internet, and you will also find full time, real operating live forex trading rooms where you can learn the basics about Forex in a real trade room along with a live coach.
You may also become an apprentice. However, in order to learn a lot regarding Forex as an apprentice, you must make sure that you’ve got an experienced Forex trader who can discuss a lot of information concerning the Forex market.
Listed here are some of the essential things you need to consider when searching for a Forex trading course:
•A Proven Forex Trading Strategy
•Risk Management/Using Leverage
•Types of orders
•Trader Mindset and Psychology
A quality Forex trading course will even put in plain words a good deal in regards to the fundamental and technical analysis connected with charts. As a forex trader, recognizing how to examine a chart is definitely a critical proficiency that you need to develop. Therefore, whenever you are researching for a Forex trading course, you should find a training course that gives fundamental and technical analysis instruction.
Stress takes on an essential role in a Forex trader’s capability for financial success. Comprehending how to come to terms with stress is another technique that you need to acquire. A good Forex trading course ought to coach you on some type of stress management so that you can trade effectively and efficiently.
Whenever you can, you should locate a Forex trading course that offers proven forex trading strategies where newbie traders can trade actual money on the Forex market or at least trade on demo accounts in a simulated Forex market. This particular hands-on practical knowledge will drastically benefit you. Furthermore, the simplest way to understand something is to actually experience it. Live forex trading and simulations must be available in a forex trading course.
Therefore, if you strat trading the Forex market, try to search for each one of these elements in a live Forex trading course. Acquiring the best know-how and techniques in dealing in the planet’s largest and most liquid market, can allow you to arrive at the top as well as achieve your objectives as a Forex trader.Read More