Learn day trading:
In this website you will learn what you need to know to get started in day trading; from getting the appropriate trading computer system to how to use a trading platform to fine tune your skills. Day trading training is crucial to becoming a successful trader.
Posted by Dan Alvarez on Sunday, February 15th, 2009 at 2:33 pm
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.
Posted by Dan Alvarez on Friday, January 9th, 2009 at 11:52 pm
Paul T. graduated from the forex coaching program run by professional trader, Abel Gilbert, on December 5th, 2008. He recently sent us this video testimonial about the one-on-one coaching program based on Abel’s FX Fusion strategy.
Paul’s day trading log during the coaching was added to the end of the video.
Day Trading Testimonial from Paul T.
If the testimonail video looks too small, click on the image and you’ll see it a bit larger on YouTube.
Paul, I’m glad you found the one-on-one forex coaching program so helpful and I wish you the utmost success in your forex trading career!
Posted by Dan Alvarez on Friday, January 9th, 2009 at 3:01 pm
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.
Posted by Trader Abel on Thursday, January 8th, 2009 at 4:24 pm
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.
Posted by Trader Abel on Tuesday, January 6th, 2009 at 11:12 pm
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.
Posted by Trader Abel on Wednesday, December 17th, 2008 at 9:12 pm
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.
Posted by Dan Alvarez on Monday, December 15th, 2008 at 11:04 pm
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.
Posted by Dan Alvarez on Saturday, December 6th, 2008 at 10:51 am
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).
Posted by Trader Abel 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!
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.
Posted by Trader Abel 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.
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.
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