Female Forex Traders

Yep it’s true the girl forex traders beat the lads today in the www.fx500club.com, Elizabeth racked up over 200 pips profit today trading cable long and short whilst us boys all just sat waiting AND missing perfect setups. LOL. Well done Elizabeth. Some of the other ladies in the www.fx500club did very well as well, Linda, Lexi, Helena and Joan to name just a few all locked a few pips in their pip tins before calling it a day. Great work girls!! 

This was a combination of three trading systems / strategies that I have been studying recently. Primarily I trade using methods taught to me by the excellent forex teachers in the www.fx500club.com and the www.fxmonkeyschool.com . However when setups are not 100 percent clear in the www.fx500club.com I like to use the additional trading knowledge I have picked up along the way. That is the daily inside bar strategy combined with the 2b reversal strategy . Add all three systems together and it gives you a great deal of confidence to take a trade and stay in until targets are hit and sensible profits are hit.

 Below are the same trade shown using 2 different charts, the first shows the DIBS , daily inside bar setup on an hourly chart, the second shows  the same entry taken using the 2b reversal strategy along with indicators that I use from the www.fx500club.com.

2b reversal and www.fx500club.com setup below

below is a chart showing Victor Sperando aka Trader Vics original 2b setup for comparison

I must point out that the deciding factor in taking this trade was the DIBS, I have only recently started studying this trading method and I am so glad I found it. It is truly amazing. I love the fact that the specifics of the setup dictate that you are generally entering a trade in the direction of the trend for the day, decided upon by the institutions that really move the markets.

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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