I am a professional trader who can teach you the best way to trade forex.

I’m not trading the Gold much at the moment so I thought I would post these two trades I took this morning. The trading strategy works the same for every currency pair and all the commodities and indices …enjoy.

One thing I have learned about trading is that you NEVER STOP LEARNING. I hate sitting around wasting time looking at charts all day, it’s also not so good for your profitability because if you have to search for trades then mistakes get made, best to get in and out quick, have a plan and trade that plan. Dan Armitage teaches us this in the www.fx500club.com Online Trading School.

So what have I learned that’s new? Well for me it has become more obvious that the Frankfurt Financial Market boys get in a little earlier than the London Financial Markets open and it seems the Frankfurt boys move the markets one way only to be reversed by the London Traders. I am seeing this more and more often. So today I had a little go at trading purely technical setups using the bunched moving averages strategy ( the fx500club, 123 setup ) . Have a look at the GBP JPY trade I took this morning before the London markets opened.

gbp-jpy-030709

I am liking these setups alot because they are generally very quick, taken off the 5 minute charts, the stop losses generally very small and the profit targets good eneough to make the reward risk very acceptable, more often that not 2 or 3 to 1, risk 15 pips to make 30 or 40. These type of trades happen fast so if they go against you you are generally out within a few candles.

This is just a variation on many of the trading strategies taught to us in the www.fx500club.com and www.fxmonkeyschool.com.

So for todays trade the first thing I wait for is the  5 minute 20 ema to cross the 5 minute 50 sma (the pale blue arrow is an alert I have setup), then I wait for the moving averages to become bunched up / close together. I then wait for the price to break through all the moving averages and begin to use them as support. Then it is just a question of using the cci indicators to get the best entry.

I entered the trade long at 157.17, my stoploss at 157.00 the previous low and old resistance became new support, my target was an old high 157.61, gj always moves quite aggressively so I try to lock in half profit at 20 or so pips and let the rest run to target.

The chart below shows how the price reversed once the London markets opened. Notice the pink downwards arrow is alerting me to the 20 ema ( exponential moving average ) crossing the 50 sma ( simple moving average ) Normally a good sign to take a short trade once the mas all bunch up again but not today as we have the weekley pivot ( wp) , directly below us.

gbp-jpy-030709-2

 This is just another way of trading old resistance becomes new support or vice versa for short trades, but using the moving averages as added confirmation of the price action.

See also my chart below, see how similar the AUD/JPY trade setup was this morning, I took this from my alert as well. There were alot more setups like this this morning and they all would have made nice safe profits and all before 7.30 am, not a bad days work, in at 6am finished by 7.30.

 Please note I apply alot of other strategies before taking these trades, long term trend direction, fibonacci levels and market correllation, all trading techniques I am learning in the live online trading school with the www.fx500club.com

aud-jpy-030709

Just £97 a month gets you into the www.fx500cub.com daily live online trading school where Dan Armitage, James Boord, Zak Lloyd and Hemal Pandya will teach you how to trade forex using setups like I have described above.

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

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Zulutrade is not another expert advisor system (EA) with fictitious results Zulutrade is a collection of real forex traders that get paid commission by the brokers for every trade that they place on your behalf , these are real live traders.

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Amazing, I only found this place yesterday, the concept is truly amazing.

This is how it works. The website has hundreds of professional forex traders as participating members, these traders all have their profiles and trading methods along with their results for you to view and decide who you would like to trade for you.

The traders and the website make money by sharing the forex brokers spread on any trades they make on behalf of the websites members, this means NO CHARGES FOR YOU! 

I have posted the websites frequently asked questions so that you can see exactly how it works. Or checkout the website here.

  • What is our website?

    our website bridged the gap between valuable information in money markets and trade execution, by converting the advice of professional and talented traders globally to an executed trade rapidly and automatically in your account (from supported brokers)

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    Every signal received by our website is executed on at least one live / demo broker account. The results contain final spread, swap rates, and profit or loss from current open positions, hence all possible costs by the broker. The spread is the standard spread advertised by the broker you’re trading with. Hence our performance always reflects real market conditions. Due to the volatility of the markets, sometimes results may vary between accounts.All signals and trades executed on a demo account are considered to be hypothetical.

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    Click here and follow the wizard. When your broker notifies you that the change has been made, you will receive an email from us that you are ready to start using our website. This process will take a maximum of 2 days.

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    This is because when you opened this account, there was a party that acted as a Referring Broker (RB). Your dealing broker cannot remove that Referring Broker from your account and replace it with our website as the new one (legal issues). You need to open a new account and set our website as your Referring Broker. Click here to open a new account already setup for our website.

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    A pip is the minimum movement of a currency upwards or downwards. To calculate each pip for every currency, divide 1/ (currency pair exchange rate) Ex: 1/224.92 (GBP/JPY) = 0.00444 GBP. If you’re trading a 100:1 leverage account, then multiply this with 100. Ex 0.00444 x 1000 = 4.44 GBP. To transform this to USD just convert it. Ex: GBP/USD = 1.9377 x 4.444 = 8.6 USD / pip.

    Another example is to calculate a pip for GBP/USD. 1/1.9377 = 0.516 GBP. For a 100:1 standard account, multiply that with 10. Ex: 0.516 x 10 = 5.16. To convert in USD multiply with 1.9377. Ex: 5.16 x 1.9377 = 9.98 USD / pip.

    Without proper risk management, this high degree of leverage can lead to large losses as well as gains.

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    It only takes 1 day. Most brokers – if you already had an account with them, do not require duplicate proof of records, and will provide you with a new account number. Don’t forget to tell them that your Referring Broker is our website. Click here to open a broker account already setup with our website.

  • What is the minimum deposit to open a new account?

    It depends on the broker, but we recommend that the amount for a standard account is $20,000 USD and for a mini account is $1,000 USD.

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  • I tried to open an account, but I’m confused. Should I open a standard account, or a mini one?

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    On the account settings page in the member’s login area, there is a wizard that corresponds to the lots traded by every provider and your equity. This wizard will display how many providers you should choose without having the risk of a margin call. Simply follow the wizard. Of course you can choose the signal providers manually if you wish.

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    A standard lot is a buy or sell size. If you buy 1 lot of EUR/USD, trading at 100:1 leverage then you buy 100,000 EUR/USD. But since you’re trading with 100:1, the leveraged value is 1,000 EUR/USD or 1 standard lot. If you trade a mini lot, then you buy 10,000 EUR/USD and the leveraged value is 10,000 EUR/USD or 1 mini lot.

    Without proper risk management, this high degree of leverage can lead to large losses as well as gains.

  • Can you add more signal providers?

    Send an email to and we will add them as soon as possible.

  • Can I trade manually? Or will it conflict with the our websites?

    Yes. Manual trades will not affect automatic trades.

  • I have opened a new account with my broker. How do I know everything is ok?

    Your broker will send you an email confirming that we are the Referring Broker, and that your account is ready. Then, you log in to our website and configure your trades.

  • Who are these signal providers? How did you pick them?

    We do not pick them. Any individual can become a our website signal provider. It is not possible on our website to misrepresent the performance of the signals generated. If our website shows a profit or loss, it is accurate, because details are confirmed by the dealing broker’s statements. For each pip stated in the performance section, there is a trade registered in the broker’s backoffice. The results are a combination of hypothetical and actual results.

  • What is ‘spread’ and why do all my trades start off with negative pips?

    The spread in the FX currency trading market, refers to the difference between the ‘bid’ price for the currency and the ‘ask’ price.
    Each traded currency pair opens with the spread. So if the spread is 5, then your trade will open at –5pips.

  • How do I control the number of lots, and the number of trades a signal provider trades with on my account?

    When logged into your account at our website, go to your account settings page. From there select the ‘max open lots’ drop down menu’, this allows you the set the number of total lots you wish a provider to have open at any one time, before he can open any more lots. Also, next to each provider’s name you have selected, there is a drop down selection called ‘lots’. This pertains to the number of lots to be traded on each individual trade. For example: if you wish each provider to trade with 2 lots per trade, but wish there to be no more than 2 trades open at a time. Then you would set max open lots to 4, and number of lots next to your providers name to 2.

  • How do you sign up to be a signal provider and/or an affiliate?

    To sign up to become a signal provider, on our homepage at our website, under our current list of top providers there is a selection that says ‘join our website as a signal provider’, please click on this and fill in the requested information.
    To become an a affiliate go to our homepage at our website, and the top of the page select ‘affiliates’ and fill in the requested information.

  • What do signal providers and affiliates do? And how do they receive commission?

    A signal provider places trades on his or her account, and all clients that have selected this provider in their account settings page receive these trades on their accounts, unless they do not have enough usable margin, or have their max open lots set to low. Signal providers provide signals for all clients who select them in their accounts settings page.
    Affiliates choose a designated URL (web page) to advertise our website and draw clients to use our revolutionary service.
    Signal providers get 0.5 pips for each traded lot of his or her own signals ONLY. So provider signs up, sends signals, and passively waits for clients to use their signals, trying to have good performance to attract them.
    An affiliate gets 0.4 pips for each traded lot of the clients that signed up through his website, for ANY signal. So affiliate signs up, and starts advertising their website to attract clients to our website.

  • Do you offer institutional accounts?

    Yes, we also offer various intitutional account types based on trading volume. Please contact us for more details.

I have been long on gold on my longer term trading account since April 20th at 868.00 and I like gold up from here, especially if this recent rally on the indicies runs out of steam.

On my short term trading account this move up on gold was a trade I took yesterday morning from 900 with a stop at 897 below that ascending trendline, I banked 75% at 910 moved my stoploss to 903 and left the rest on overnight. I’ll leave that 25% on and maybe add to it if we get a retracement to the 903 area.

gold-0605091

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.

gold-0904091

I didn’t take this trade myself but one of the guys, a newbie trader of just 2 months, took it. A brilliant trade and a credit to his forex teachers in the www.fxmonkeyschool.com

As you can see there was a clear triangle formation, loads of resistance above and clear space below, he placed a small stop above all that resistance and shorted gold at about 920

This was a fantastic trade, if you look at the 4 hour chart it is even clearer,  it had everything we look for in a perfect entry. Dan , Zak and James are doing a brilliant job of teaching us and as time goes by they are improving their own methods and spotting new things to aid our trading. The latest and most profound for me is the silver cross, the salmon moving average crossing the red ma, the golden cross is the red crossing the blue ma. Both marked below with the red crosses.

gold-020409

I Learned 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 visit the article about gold price going to $2000 and beyond.

Long story short it is looking at parallels between the high price of gold back in the 1980′s recession, $875 and then allowing for 28 years of added inflation the equivalent value of gold today would be $6500.

It also makes the point that in the 80′s the financial problems back then were nowhere near a severe as this current GLOBAL meltdown. It makes alot of sense, go read the article.

goldf-020309-60

I Learned how to trade gold using these setups and indicators across all time frames with the help of the fantastic team at the www.fx500club.com. They have a live 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.

 
 
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