Yesterday, I started writing about how I applied my FX Fusion day trading strategy to short the Dollar Yen. It turns out that all the take profit levels that my strategies indicated were triggered on the same day.

One of the great things about my FX Fusion Trading Strategy is that I know what my exits and my maximum risk will be before I even take the trade. I was also able to take advantage of an opportunity on the EUR/USD while I was on the other trade.

If you want to learn How to Become a Professional Forex Day Trader sign up to our Free Training webinar here.

Those of you who have attended our FREE, LIVE Day Trading webinar know that I created a strategy called FX Fusion. In this Day Trading strategy I look for a combination of levels of support when looking for buying opportunities, or resistance when looking for selling opportunities. This strategy can be used on any currency pair and can be applied during any FOREX trading session.

Here is an example of my latest trade:

I have not closed the total position yet; check back soon to see what is the final outcome of this trade.

One of the goals of this strategy is to keep the trading analysis simple. At the beginning of each trading session I look at different currency pairs looking for setups. Once I find these setups, I log them in my setup finder and then just wait for the movements to occur.

For those of you who would like to know more about this Day Trading Strategy, click here to register for our next LIVE training session this Wednesday August 27.

Thank you so much for the information you put out online. I’m still in the process of reading and learning about forex day trading. I also wanted to mention that I love the way you provided this information. Not only you’re smart, you’re also funny. Again, thank you for sharing the knowledge. I’m looking forward to day trading and I will definitely let you know of my results.

The first “How to Become a Professional Day Trader” live webinar was officially delivered by FX trader Abel Gilbert this Thursday. We actually had two live training sessions on Thursday; one at 3 PM EST and one at 8 PM. We were very happy with the outcome.

During the webinar, Trader Abel covered his FX Fusion day trading strategy in full detail and provided attendees with the indicators and template to run the strategy on the MetaTrader platform. It was super cool seeing all the key levels come to life on the MT4 canvas in full color.

As mentioned during the webinar, our main objective is to incubate successful day traders that want to either trade their own accounts successfully or become professional forex money managers. For the latter, we are committed to providing funding via our institutional relationships. Part of our goal is also to create a network of day traders who communicate and share ideas and experiences on an ongoing basis.

I would personally like to thank Abel Gilbert for all the hard work and effort he has dedicated to this ambitious, educational day trading project.

The new FX Trader Pro day trading webinars taught by professional trader Abel Gilbert are off to a great start.

The launch date was August 7th - when we had the free trading webinar, “Understanding the Forex Market;” the first webinar in the FX Trader Pro series. Since that time, we’ve had pretty good feedback from the attendees; which have ranged from aspiring day traders to existing stock and futures traders interested in the forex market.

The most important webinar in the series (”How to Become a Professional Day Trader“) will be taught for the first time this Thursday, August 21st. In my opinion, this is the most important training webinar and one that anyone that’s serious about making day trading a career should take.

Our objective with this day trading training program is simply to create successful day traders. Furthermore, traders who rise above the ranks and are consistent in their trading and risk management ability will also get an opportunity to manage institutional capital (if they so desire). Therefore, this training program may also propel interested investors and traders into a money management or professional trading career.

See you at our next webinar!

FX Fusion is a Forex day trading strategy I created. By nature, I’m an active day trader/swing trader who looks for moves between 20 and 50 pips. I realized that when price collides with a combination of levels of support or resistance, we either see a nice retracement or a nice bounce. Once I noticed this, I started applying my strategy in different time frames until I figured out which one was more reliable and also which currency pairs I could apply this method to.

The beautiful thing about this trading system is that it’s simple. After years of day trading and testing different strategies and styles, I’ve realized that the simpler you keep your trading style the better. All you need to have is a simple understanding of support and resistance and some knowledge about an indicator I use.

Before the start of each trading session, I scan the markets and log my potential trades on the Setup Finder. I then setup my platform to alarm me when the trade approaches, so that I can then decide whether or not to take the trade.

Here is a snap shot of a trade I took using FX Fusion:

If you want to learn more about this day trading strategy, sign up for my “How to Become a Professional Day Trader” LIVE webinar - where you can learn how to use this forex strategy and much more.

The first thing most successful entrepreneurs do before starting a new business is they create a business plan. A business plan includes, amongst other things, an objective, projections, resources, and some specific ideas of how they plan to accomplish their goals.

Why not do the same with Forex?

In my opinion, having a Forex trading plan is a must in order to help you become a successful FX day trader.

A business plan is like a road map; in day trading, it would serve the same purpose. How do you plan to arrive at your destination if you don’t know how to get there?

I learned this concept throughout my own life and I decided to apply it to my Forex trading career. In my previous blog post (”Want to be a Forex Day Trader?“), I wrote that the first thing I did when I started day trading currencies was to figure out how long it was going to take me to become a millionaire. Well, here is a 24 month snap shot of what that projection looks like.

By applying the power of compounding to your account, you would be able to gradually reach your goals. This was the first step of my day trading plan. Make one for yourself, but don’t make unrealistic projections!

A great day trading plan should include:

• - Profit projection.
• - Specific time frames in which you plan to accomplish your goals.
• - Type of trader you are.
• - Strategies you will be focusing on.
• - Back-testing routine.
• - Money management rules.
• - Pitfalls and emotions to avoid.
• - And a clear, Ultimate Goal!

Remember, day trading currencies is a business and if you are clear about your ultimate goal, it will be easier to get there.

I believe there are two elements a person must possess to be a successful Forex day trader; Discipline and Consistency. It sounds simple, but it represents one of the most difficult sacrifices any aspiring trader will have to make.

When I started trading in the Forex market, the first thing I wanted to figure out was how long it was going to take me to become a millionaire. I quickly came up with a spreadsheet and I figured out how to turn $5,000 into $1,000,000 in less than a year; or at least I thought I had it all figured out.

I’ve always been a very motivated person and honestly, the idea of being able to learn how to always make money in the Forex market really drove me to acquire as much information as I could. I spent a lot of money in courses, signals, and software that were supposed to make day trading easier. Although most of the things I purchased for this purpose did not work as promised, I cannot say I was scammed because from everything I did, I learned at least one thing that helped me become a better trader.

In my opinion, the first thing you need to have to be a successful FX trader is the motivation to succeed. Generally speaking, the road to becoming a consistent trader is long and full of emotional obstacles - but eventually, if you learn how to combine good day trading strategies with proper money management and excellent emotional control, I think you’ll increase your chances of succeeding.

I believe the learning process of a successful Forex trader never ends. The market is always changing; therefore, you will have to keep changing as well. I personally use a variety of strategies which change based on market sessions and price activity. It is very important that you determine whether you are an active, swing, or position trader. The best way to figure this out is by paying attention to your emotional reactions both in winning and losing trades.

By the way; yes I think I have figured out how to make millions of dollars as a Forex day trader, but I’m no longer on a hurry to make it happen. If you are motivated, have patience, and are able to put together what I highlighted above, I think you will have a better chance to be consistent in day trading currencies.

The author, Abel Gilbert, is a professional forex day trader who manages his own account. He utilizes various day trading, scalping, and swing trading techniques to trade both the major and cross currencies.

Many new and existing day traders that visit my site have always asked for live online training.

Even though providing practical, hands-on training via DTT is a project that I’ve always wanted to undertake, time constraints never made it possible - until now!

Meet Day Trader Abel Gilbert

Over the weekend, I met with a successful forex day trader that I’ve known for quite some time; a trader that I invited to my last forex trading class at Miami-Dade College to enlighten students with some of his techniques and experiences. Abel, being one of the most organized and methodical day traders I’ve known - with a passion and natural ability to teach others - made a suggestion…

He said, “Dan; why don’t you let me teach your visitors how to day trade via live webinars and coaching?” After he discussed his ideas with me, I was totally convinced. I truly think that my visitors will benefit from his in-the-trenches trading experience and techniques; so stay tuned! He should start posting some information in our news section in the next few days.

Get ready for some unique, practical training from a professional forex day trader!

The previous article in this series outlined what spyware and adware is. In this article I will discuss symptoms of spyware and adware so that you can determine if you have been infected.

How do I know if I have Spyware or Adware?

As previously discussed, there are plenty of spyware and adware bugs out there that are harmless. If that is the case, you wouldn’t really know whether or not you have it. It is always wise still to scan and search your computer with tools to determine if even the most harmless bug exists. If you have a malicious spyware or adware problem, you’ll definitely know.

Listed below are some signs that your computer may be running one or more deceptive adware or spyware software programs.

1. Your homepage changes to an unknown site or continues to change back to a particular site even if you change the homepage settings in your browser. Many deceptive spyware and adware software programs try to force you to use specific sites so the site owners can earn advertising revenue.

2. When you click on the Search button in Internet Explorer, you are taken to a page that you’ve never seen before.

3. Your browser window starts displaying unwanted toolbars or search forms that are difficult to remove or keep coming back.

4. You receive an increase in pop-up windows, even while browsing to pages that have not had pop-up windows before. Under normal conditions, pop-up windows come from the Web pages you visit. Adware is able to create its own pop-up advertisements independent of the page that you are viewing.

5. Your computer seems much slower than it used to be. Deceptive software steals your computer’s resources such as computing power and bandwidth in order to deliver advertisements or track activities.

Okay, so now if you know you have some sort of spyware or adware bug on your computer. In the next article, I will outline how to control the issue at hand and terminate these annoyances.

The author, Jordan Peterson, of Custom Trading Computers, Inc. is a well-known expert in custom built high performance computers, which must be specifically designed for currency traders. Such computer systems can handle heavy volume trading periods with complete success and without any danger of locking up.