This forex video shows three back-to-back trades on cable (GBP/USD) on a 15-minute chart. Pay attention to the combination of key levels near the entry price on every trade. This combination of levels is crucial in the execution of the trades.

These trades were executed with the assistance of the FX Fusion Robot.

04/15/09 Multiple GBP/USD Trades using the Day Trading Robot

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

The Forex Robot based on the FX Fusion strategy has come a long way. Here’s an example of two short trades that were opened by the FX Fusion Robot on Wednesday.

EUR/USD (Euro versus the US Dollar) and the GBP/USD (British pound versus the US Dollar) were shorted when the price reached an area where multiple key levels of resistance were present. In this example, the positions are still open at a profit.

The FX Fusion Robot will be released next week. For more information, please visit www.mydaytradingtutor.com.

Abel Gilbert, Senior FX Trader and coach has spearheaded our training program with his free forex webinars and one-on-one coaching sessions.

After six months of One-on-One Coaching and hosting the LIVE Trading Sessions, the results have been outstanding! Hundreds of people have attended these practical webinars and we’ve established very close relationships with traders from all over the world. Nevertheless, most of you have not met Abel or even know what he looks like; until now! Please see below:

Click on Abel Gilbert’s picture above to enlarge it.

Thanks to Abel, his FX Fusion Day Trading Robot is now made availabe to all clients.

Here’s a short video of the day trading robot (click triangle to play):

If the robot video looks too small, click here to see a larger, high-definition version on Vimeo.

Here’s an FX video of two back-to-back trades on cable (GBP/USD). This was a great trade because, by remaining disciplined, I was able to capture two straight profitable longs on the Pound-Dollar. The chart below is on the 15-minute timeframe. The entries are marked with a small, blue arrow pointing to the right.

A forex day trader always want to be ready for a potential situation where he may have to re-enter the market quickly. In the first trade, the buy entry was 1.5038 at different FX Fusion levels of support and I took my profits at the next level of resistance (1.5074).

When I noticed that the price had came back down to the support area where I had entered originally, I decided to go long again; so the second buy was at at 1.5038 and the exit was also 36 pips higher.

01/08/09 Two Back-to-Back GBP/USD Longs

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

This forex video shows a trade I took during the early hours of the European session using the one-hour chart. I went long GBP/USD and got out using multiple exits.

I personally love finding trading opportunities on the one-hour chart because it gives me a good probability to make larger profits. On this specific trade, I was looking at current key levels as well as levels from the previous day. I did not need to wait for trend confirmation on this trade because I was sure that the price activity that occurred during the early hours of the Euro session was going to give my trade a good chance of achieving its goal.

01/06/09 Long GBP/USD Trade with Multiple Exits

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

This trade on cable happened during the US session. At the same time that I was executing the order for this trade, one of the members of our LIVE Day Trading room session announced it. Great job! Although the price did go against me about 13 pips before going in my favor, overall this was a good trade. The key levels were right where I wanted them and the take profit was met nicely.

1/5/09 Short GBP/USD Trade

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

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!

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!

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.