Automated Forex Trading Systems

Fap Turbo is a good automated trading system but I prefer to trade manually and have learned to do so with the help of the guys in the www.fx500club.com and the www.fxmonkeyschool.com Online school for forex traders.

Zak Lloyd in the www.fx500club.com had four potential trades setup ready for us for when we logged in the the forex trading school this morning. Gold, eur/usd, cable and the one I chose to trade usd/chf.

It was all pretty straight forward, Zak had used the us dollar index chart to identify that the dollar was looking a bit weak, it was then just a case of making our trades using our own risk profiles.

I took my short trade early pre empting the break down, this allowed me to have a very tight stop loss, riskier but the added profit potential was woth it for me. The price had tested and failed to close above the daily pivot so I managed to get in at 1.0815 with my stoploss just 15 pips away at 1.0830 first target at 1.0779 34 pips away, close half there and let the last half run targeting 1.0768 close another 25% and let the last 25% run after moving my stop loss down to 1.0810 for a free trade.

Zak, Dan and James are very good forex traders and are also amazing forex teachers, I cannot praise or thank them enough for all they have done to improve my trading.

Click Here to get a FREE days entry into the fx500 club live trading room

Always Remember.

Keep your risk as a percentage of your capital low (1%), equals stress free trading.

Always work out potential losses before potential profits.

We are paid to take risks, if you aren’t in a trade you cannot win a trade!!

Buy off support and sell off resistance.

Bank partial profits early and move your stop loss to break even as soon as you can.

I am learning how to trade these setups and indicators across all time frames with the help of the fantastic team at the www.fx500club.com They have a live forex chat room and share their charts so that you can watch them find potential trades in real time.

They also have a school for learning how to trade longer term charts at www.fxmonkeyschool.com.

The fx500club and fxmonkeyschool, forex trading school don’t just trade charts and indicators alone, they teach us to use correlation of the whole market before entering a trade. It truly is the best place to learn how to trade forex properly, safely and profitably. It’s all about the pips and about protecting your capital.

Click Here to get a FREE days entry into the fx500 club live trading room