Female Forex Traders

There were numerous profitable trade calls in the fx500club Live Trading Room today, swissy long, euro usd short, cable short and my trade the euro gbp long. Hundreds of pips available to those who took all of the potential fx500club trade setups.

Vittorio one of the ladies that trade forex in the www.fx500club.com seems to be doing better than most of her male counterparts. Last time she mentioned it she had had 10 winning trades in a row. She was a complete newbie to trading forex when she joined so I am sure she is very pleased with her results. Well done Vittorio. There are plenty of female and lady forex traders so don’t be shy come and say Hi.

 I took this euro / pound trade because for me it looked to be the clearest setup and due to the lovely sunny weather we are having I like to be in and out of a trade with most of my profits banked and my stoploss moved to breakeven so that the trade is guaranteed profitable.

This was another trade based on the bunched up moving averages that I am so enjoying trading right now. As you can see   from my chart the price crossed above the moving averages just after midnight during the Asian trading session. All the cci indicators had moved above zero and had turned green, all I was looking for then was the cci 21 to retrace below zero, turning red then wait for the moving averages along with the cci21 to start moving back up. My entry was at 0.8578 with my stop loss just 6 pips away at 0.8572, my first target was an old high 0.8627 I banked 75% there and moved my stoploss to my entry plus the spread (0.8580 = breakeven) so I cannot lose any of my profits on the final 25% of this trade now.

You can also see from my charts that my entry was a the level that was old resistance became new support, these levels are very powerful and very good places to enter trades giving you tight stop losses. You may also notice that we have a series of higher highs and higher lows creating a new trend on this 5 minute chart.

I have spent years analysing charts and many different methods of trading forex manually. It never ceases to amaze me how all the different manual trading methods and forex trading systems compliment each other.  I cannot stress enough how important it is to thoroughly learn everything you can about technical analysis before trading with real money.

Join a Live online trading chatroom until you get enough forex trading knowledge and confidence to trade on your own.

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