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Saturday, 20 December 2008 06:31

Learn how to trade FOREX

by working with a

Professional FX Trader!

Def: FOREX. The "Retail Off Exchange Foreign Currency", "Foreign Exchange" or simpley "FX" Market.

Its one thing to read how to calculate pivot points or exponetial moving averages, but its critical that you see how they, and the other indicators (like MACD, Stochastics or RSI), work together in real-time.

FxBootcamp is different because we're not selling a "system". Our Currency Coaches train you in the live market. How many "experts" are willing to coach you in real time, pip by pip, candle by candle? Not many.

Our self guided training course clearly outlines our conservative trading methodology. Each trading session in the FxBootcamp Online Classroom, we conduct technical and fundamental analysis and teach you how to training course material into action. We guide you throughout throughout the entire 12 hour trading day. This is the kind of discipline that I believe is the most helpful to new traders.

In general, we have three trading goals:

(1) Capital Preservation. Control our risk so we can live to trade again. In military terms; "Survive at all costs".

(2) Capital Acquisition. Start with a plan in mind; a "Minimal Acceptable Performance" for each of your trades. Even just 15 pips. In a volatile market such as forex, substantial losses may occur. So its best to plan coservative trading goals . Try to wait for setups that may yeild 30-45 pips so your chances of achieving "MAP" are realisistic. In military terms; plan to "Achieve the Mission".

(3) Capital Appriciation. If you've been lucky enough to protect "MAP", try to let your profits run. Once 15 pips are protected with a stop-loss, you can be a little more agressive with your profit targets. Perhaps you can reach the full average daily range, the 161.8% fibonacci extension or the R2 Pivot Point. In military terms; with "MAP" achieved, you can now focus on trying to "Win the War".

Currency Coaches are traders just like you. Many members consider Fx Bootcamp like an internship or apprenticeship in the currency department of a bank. You learn by trading under the guidance of a Senior Trader.

Investing in FOREX can be quite risky. However, FOREX can also be a successful business. If you treat it like a business, then you can build and grow it over time. Like a business you need to plan and then exucute that plan. We will teach these business like methods and how to apply them to your trading career.

We'll trade the opening of the US session together. The online classroom will open early so that we can review the currency charts and economic calendar before things really heat up.

We teach you how to think for yourself. NOTE: CURRENCY COACHES DO NOT GIVE TRADE SIGNALS. You will learn how to trade successfully on your own, without the need for advice. Of course, results are not guaranteed and individual experiences may vary.

Tour the site for more info.

 

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