Forex Signals from the www.fx500club.com Live Trading school and forex signal service.

May 17th, 2009 by admin


Get Forex Signals from the www.fx500club.com Live Online Trading school and forex signal providers.

Just before closing the www.fx500club.com , live forex trading school for the day, Zak Lloyd told us to watch his Trade of the day video regarding this trade setup on the eur/jpy. He said EJ was looking very weak and told us to look for a long trade from the break of the daily pivot at 130.15, trade it up to the monthly pivot at 130.90 and then use the very strong resistance caused by that monthly pivot to trade this short.  Just a 30 pip stop loss above the monthly pivot meant a great risk reward ratio this could easily go down a few hundred pips.

What a brilliant trade call by Zak the www.fx500club.com Yen trading specialist, 150 pips in the bag and it’s still falling.

eur-jpy-150509

Hear this euro yen trade call from the expert himself, Play Zaks euro yen play of the day video below. I am still in this trade now.

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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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