Archive for 'forex trading lessons'

LMT Forex Formula Example

Wednesday, August 12th, 2009 at 2:14 pm  

Hi, I have explained how the lmt (low maintenance forex trading) system works. I thought it would be a good idea to show you a few  trades that I made. The 1st example is from a “live”micro account that I started trading late wednesday night. I don’t normally dive in to a new product and…

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LMT Forex Analysis July 5th 2009

Sunday, July 5th, 2009 at 6:31 pm  

As I said in the email, most of you are having great success with the LMT (Low Maintenance Forex Trading Formula), simply by following the rules. Being disciplined & using strict money management. If you are happy with that, and more importantly you are making money, stick with it ! I tend to be more…

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Potential 400+ Forex pips gbp Monday

Sunday, June 28th, 2009 at 4:47 pm  

The gbp/$ could present us with some very good trades on Monday, both with and without the LMT. Take a look at the 4 hour forex chart below. Notice how price has been trapped within a 400 pip range for the last few weeks. 400 pips @ $10 a pip will give you $4000 !…

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Free Forex Strategies

Friday, June 26th, 2009 at 6:45 pm  

In the current topsy turvey currency markets it is difficult to know which forex strategies are most likely to work or not.  The experienced forex trader has a number of different currency trading strategies he or she will follow. Often the best plan is to simply walk away until the markets resume a tradeable trend….

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Safe to go Back into the forex Markets Yet ?

Thursday, June 18th, 2009 at 2:16 pm  

Hi, This is an update to the post earlier in the week advising my LMT Forex Followers not to trade until the current market turmoil settles down. My advice, nay insistance ! is continue to stay away. As you can clearly see in todays 4 hour Forex Chart of the aud ( I could have used…

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LMT Trade Plan Week 15th June & Results

Sunday, June 14th, 2009 at 3:05 pm  

Last week I received over 40 LMT Forex Signals including 12 off the daily charts. I personally took 12 trades, all of which were winners. Some only hit the 1st target and pulled back and took out the 2nd lot at entry, but as I have explained often, I have found this to be the…

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How to become a Forex Winner

Sunday, May 24th, 2009 at 2:49 pm  

As I mentioned in today’s members email; I was a volunteer in yesterdays Lanzarote Iron Man. As a member of the “doping control team” I got to meet and chaperone the winner, Belgian, Bert Jammear. Unfortunately as Bert crossed the finish line and passed into my care, he collapsed ! Not surprising considering he had…

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Forex Money Management

Wednesday, May 20th, 2009 at 10:47 am  

Forex Money Management. Many of you are asking me to explain forex money management. Managing your money is THE most important part of forex. If you have none left you can’t be a forex trader ! Eric sent me this, so I will use his figures to show you how I would manage his account;…

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Risk Reward in Forex

Saturday, May 16th, 2009 at 3:47 pm  

The secret to becoming a successful forex trader is the ability to maximise your gains and minimise your losses. This is easier said than done ! In my 1st month trading forex I won 65% of the trades and yet I somehow managed to lose money ! Obviously my losses were bigger than my wins,…

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6th May Results + 118 pips

Wednesday, May 6th, 2009 at 6:59 pm  

In April most of my 1800+ pips were made from breaks of asian high and low ranges. This week it has been bounces off 200 emas+ lots of other reasons. This is not my normal method of trading. I am adapting to the market as I see it on an almost daily basis at the…

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5th May results + 48 pips

Tuesday, May 5th, 2009 at 7:10 pm  

Lots of smaller trades today, without much success on follow throughs. I was trying to get back in the good books with my wife, so had to go out and only traded a few hours in the morning, London session. The following is a euro/$ trade, bounce off a 200ema. The chf bounced down off…

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4th May Results + 220 pips

Tuesday, May 5th, 2009 at 2:33 pm  

I was in big trouble with my wife yesterday. I said I wasn’t going to trade as it was a bank holiday.* All the family came back from the beach for lunch & I sneaked into my office for a peek at the charts “just in case;”- it was so obvious  I had to take…

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4th May. Gbp possible break up

Sunday, May 3rd, 2009 at 6:32 pm  

As I explained in great detail my ” April 2009 Results”… post. The gbp is returning to the same upper 4 hour trend line again. This may not happen tomorrow (monday) with it being an international holiday BUT this is an extremely important area again. Price is above all the emas on the longer time-frame…

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April 2009 Results + ?? Pips

Sunday, May 3rd, 2009 at 5:40 pm  

Well i didn’t make it to 2000 pips, but still my best month ever trading forex. If you had traded $10 a pip following my strategies you would have earned $18.000+ in a month !! The pleasing thing for me was twofold. 1) The profit was made using low risk, repeatable trades. 2) That I…

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29th April Results + 213 pips

Thursday, April 30th, 2009 at 8:44 am  

Great start to the day. My euro/$ trade which I opened yesterday, as explained in my results, closed for a 145 pip profit. I have then taken 20 pips off a gbp and +20 on a euro long, break of the asian overnight high. And a further 28 pips off the 2nd euro lot. Still…

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28th April Results -36 pips

Wednesday, April 29th, 2009 at 8:49 am  

You know when you are tired when you can’t count your pips properly. In this mornings email I said that the pip haul for the month was 1200+. When I sat down to do my monthly figures this afternoon, i realised i had made a slight mistake. My monthly total for April 2009 up to…

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Great Forex advice

Monday, April 20th, 2009 at 10:48 am  

Another great post from a member of the “club”! David has posted this in response to Ernies earlier question. I have posted here again as this is too good to get lost elsewhere. Great advice for anyone new to forex. I have seen less information in e-books that I have bought. Ernie, Your questions and…

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