These are the first in a series of day trading videos I want to post on a regular basis to help our FX Trader Pro trainees and the readers of our blog. These trades really took place two days ago, but we’re just getting acquainted with this YouTube stuff!

I apologize if the quality of these forex videos is not the best, but YouTube seems to compress the videos no matter what we do; so we’re still trying to find the settings that make them look the nicest possible. Please bear with us!

12/15/08 Long GBP/USD Trade

This trade happened during the US session. Originally I was attracted to this potential FX Fusion setup because it was going in the direction of the weakness of the dollar. As soon as I found the combination of the 3 key levels, I entered the trade on the Pound-Dollar; however, I didn’t know it would turn out to be a back-to-back trade.

If the trading video looks too small, click on the image and you’ll see it a bit larger on YouTube.

12/15/08 Short USD/CHF Trade

This trade happened during the US session. I really liked this trade when I entered it because the Dollar-Swiss retraced to a perfect combination of key levels. The dollar was showing lots of weakness and MACD was agreeing with the direction of my trade. I took my profits at the next combination of Key Levels for a profit of 23 pips.

If the trading video looks too small, click on the image and you’ll see it a bit larger on YouTube.

If you have already participated in any of our FX Trader Pro webinars or gone through our live trading or one-on-one coaching sessions, we would like you to take the opportunity and post your comments and feedback every time I post a trading video (including this one). These discussions will serve as a great learning tool for all of the traders who visit the Day Trading Tutor blog or website.

During today’s global banking crisis, more and more day traders are worried about the safety of their funds if their forex broker goes under.

In the United States, the NFA (National Futures Association) does not protect against insolvency of forex brokers. Nevertheless, I believe that FX (foreign exchange) remains one of the best asset classes for active traders.

That’s one of the main reasons why we switched brokers. Now we have access to a broker that offers account protection of 90% of the account value for a maximum of 20,000 euros per depositor. This FX broker is in the very stable country of Germany and it’s also a bank; not a traditional bank that got spanked in the subprime mortgage debacle (like many US banks) - but one who focuses on trading and alternative investments.

The platform used remains the same: MT4 (MetaTrader); which has become sort of a standard in the retail forex trading arena. The executions also provided by this broker are automatic, so there’s no intervention from a human dealing desk.

To read more information about this broker, please go to the section on our website with instructions on how to open a trading account.

Our day trading blog just went through its 2-year anniversary! Wow; time flies! It was actually on November 3rd, 2008 that the blog section of Day Trading Tutor turned two (see “News” section on navigation menu).

For two years, we’ve embarked on a wild journey through the forex day trading market. In that time, we’ve learned the hard way about all the games many FX brokerage firms play, the advantages and shortcomings of the technology behind the scene, and how a historical credit crisis impacts every global market in existence. We’ve also met an endless number of day traders and money managers in the process.

I almost forgot that the Day Trading Tutor website also underwent a major revamp in the middle of it all (read Day Trading Tutor gets a New Look) - and we launched a series of live forex webinars to help day traders become more successful (after years of requests from our visitors).

Happy Anniversary Day Trading Blog!