Learn How to Trade the Pound against the Japanese Yen using the www.fx500club.com methods

Two possible entries here, the second safer than the first but with a larger stop loss.

Dan is teaching us to be more open minded and adventurous with our trading, rather than waiting for the safest setup with all the indicators etc aligned, go for breakouts and reversals off double tops etc, unfortunately the triggers will not always show clear entries with these opportunities.

For the later entry at 10.15 the setup was perfect, all the ma’s below us, we had broken the descending trendline, two golden crosses the thick red over the thick blue and also the thin pink over the thin pale blue, it just doesn’t get any better.

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.