Learn How To Trade the Dax Futures Indicies using the www.fx500club.com methods

This was amazing, I don’t often trade the indicies because I still find the correlation a little hard to understand. However I had just been in the longer term forex trading school the www.fxmonkeyschool.com and we were having a lesson given by their indices expert and professional trader James Boord. He showed us potential setups on the ftse 100, the dax and the dow jones, all were in triangles on the 4 hour charts and wer looking very weak.

I took this dax trade on the break of the ascending trendline at 4823.38 James gave us profit targets and the rest is history.  I’d like to see this retrace back to the 4800 area and then will go short again.

We could have traded all three of the indicies that we study, i chose dax because it looked the weakest of the three, there will definately be more shorting oppertunities with these now, just waiting for the pullbacks and the correct setups now. I love trading yay

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.