Forex Signals

The www.fx500club.com have introduced a forex signals service included in the mothly £97 subscription, to their 5 days a week live online trading school / trading chat room. 

This was a great Head and shoulders chart setup and was sent to me as an email alert from the forex signals service in the www.fx500club.com, this is a new service they have added to the club and by golly what an amazing first forex trade signal. The first chart is the daily time frame so that you can clearly see the head and shoulders pattern. Notice the red x’s, this is where old resistance became new support then finally acted as  new resistance at the point I entered my short trade, sell at 96.43 with my stoploss at 97.10. First target around the 95.00 area, I will then wait for a retracement back upwards and sell again. Remember Buyers buy at support and sell at resistance.

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.