November 2008

Back to Back Day Trading on Euro-Dollar

Posted by on Thursday, November 20th, 2008 at 2:30 am

When you are a Forex Day Trader, you have to be able to identify trading opportunities - and when you find the opportunities, you have to make calculated decisions. To be a successful FX Trader, you need to have an effective trading strategy, excellent risk management skills, and the right psychology.

In our Free Training Webinar, I talk about how I’ve been able to combine these qualities and I explain how you can do the same.

The following trades on the euro-dollar occurred one right after the other and although I had to be glued to my computer for a few hours, I was able to walk away a happy camper!

back to back day trades on the euro-dollar

All my trades are based on my FX Fusion Trading Strategy. We have a Training Webinar where I teach you exactly how to apply it.

If you would like to hear a professional day trader talk about the Forex market live, register to attend our Free Forex Webinar, where you’ll find out how you can learn my day trading strategy and how to get free access to our Forex Trading Room.

Live Day Trading Session - Adjusting to Volatility

Posted by on Wednesday, November 12th, 2008 at 11:15 pm

Overall today we had a good day at the LIVE Trading session. We missed a couple of beautiful trades on the GBP/USD and USD/JPY where we could have made over 150 pips, but I was able to get over it and move on - ending the day up 44 pips.

I trade strictly using my FX Fusion day trading strategy. In today’s market, you have to know how to adjust to the volatility. Since I’m an active trader I trade multiple times per day. For this reason, I’m very cautious and disciplined about when to take profits.

The following two trades happened back to back. My criteria to buy were met, so I went long at 1.2487 and took profits at 1.2507 - for a 20-pip profit. A few minutes later, my criteria to Sell were met, so I went short at 1.2539 and took profits at 1.2515; for +24 pips.

buy EUR/USD day trade for 20 PIPS of profit

sell EUR/USD day trade for 24 PIPS of profit

If you’re serious about learning how to become a better day trader, feel free to join us at our next Free Forex Webinar. During the webinar, you’ll find out how to get access to our live Day Trading Room.