It feels like going back to school today! I havent had such a long holiday for years, but now time to get back to earning some real forex money. I have posted below a couple of videos that outline how the new free forex daily signals experiment should work.
At this point I must stress that under no circumstances should you take trades on a “live” account based around anything in the videos

Their purpose at this early stage is to show you what we will be looking for. I have 5 or 6 different forex strategies that I intend to use, before deciding which are likely to be the best. I will only use a demo account for this & so should you.

I stress in the videos that you need to have lots of patience if you wish to trade forex off the daily charts.

Often there will be no signals for days at a time and then suddenly 4 or 5 will come at once. You need to get into the “mindset” for this. Then we may decide to place an order, based on our analysis, to open a trade if price hits xyz. There willl be times when you get home all excited to see what you have made, only to find that the trade didn’t even open (price went in the opposite direction). Get over it.

This is all part of the psychology that you need to master to be able to trade forex successfully based around daily charts.

What we are aiming for is BIG moves. 200/300/400/500 pip moves are what we are looking for. Similarly the % of successful trades is usually lower when trading daily fx charts, BUT as we are looking for 2+ risk reward ratios we can actually be profitable with a success rate as low as 30%.

The forum WILL be ready within the next few days, thank you for your patience, but my tech guy was on holiday & I wanted to be sure that it is done properly.

The LMT forex formula: Hopefully you followed my advice and kept away from the LMT through out the summer thin markets. The markets should start to trend again over the next few weeks & we will be looking for some more of the fabulous results we enjoyed from this great piece of software mid May to mid July. The success rate was over 80% until the vacation period removed most of the bigger traders and thus the trends. The LMT works great when there is a trend and now to christmas is usually a great trending period. If you would like to check it out, click on the following link. We have 500+ registered LMT traders here on the blog, all willing to share their experiences: http://marc12001.lmtformula.hop.clickbank.net

Heres the first daily forex strategy video;

You can adjust the sound & full screen modes with the buttons either side of the “HD” button on the bottom of the video

How to trade forex- daily charts. monday 24th august. Part 1

How to trade forex- daily charts. monday 24th august. part 2

I need some practise at these and some better software, please bear with me, regards, Marc

Want more of this? See these posts:

  • Forex Trade Examples
  • Forex Daily Signal 25th August
  • Safe to go Back into the forex Markets Yet ?
  • 600+ Pips profit from Sundays Video Analysis
  • Forex Daily Signals 24th August