What is the best Forex Trading System?
Day trading strategies are simply strategies where the execution and closure of the trading happens within a 24 hour period. These short term positions are executed by people who are able to spend a substantial amount of time in front of their computer screens trading, and have a solid understanding of technical indicators. Generally, day trading is reserved for people who are trading on the Forex market full-time, because it requires you to always have you finger on the pulse and your eyes on the charts.
What is day trading?
Day traders are looking to execute high frequency strategies while trading. For day traders it’s all about making profit by trading often in a day, earning smaller portions trading each time which for successful day traders, adds up to higher profit margins in the long term.
4 Simple Steps to Learning to Trade Forex with Learn to Trade
We appreciate that learning to trade may appear to be a difficult or daunting thing to embark on.
However after 13 years of teaching people of all backgrounds and professions to trade Forex we have
developed a host of FREE educational products to help you on your Journey.
2 Attend To Our FREE FX Seminar
Come along to our Free Forex Workshop and learn how you can enhance your lifestyle through trading the Forex market. Register today for a Free Forex Workshop and learn from real traders what it takes to become successful in the Currency markets.
The focus at Learn to Trade is on what strategies work in the market today for the purpose of creating cash-flow. We have developed and refined trading methods to suit the varying psychology and lifestyles of our students.
4 1 on 1 Coaching
Sourced from the best of the professional and private spheres of the Trading and Financial industry, these talented and proven traders are the core of our business. There is no better team to coach you to trading success.
The most important aspect of day trading is understanding risk. It is normal to get excited about a trading setup that you have strong evidence that indicates the price action will move in a particular direction. But what will your trading risk be?
Our day trading strategies have inbuilt risk management, stop-loss and take profit targets that you can access if the benefit is worth the price of failure.
This is where Learn to Trade’s experienced traders come into their own. They have the experience trading, and have been there and done it all before. Most of our forex trading professionals have a fund trading background and have had to grow other people’s money successfully and safely.
Having access to their trading minds through our Forex trading training plus their expertise allows traders to implement day trading strategies with the confidence to identify good trading opportunities and after discretion is applied, not always take the trade! Preserving your capital to cherry pick the ripe fruit as and when they appear on the charts is just as important as being able to know when not to trade.
One of the biggest mistakes made by beginner traders is over trading. We understand this, and ensure you are equipped with the trading strategies and know-how to ensure this doesn’t happen to you.
A day trader will typically not have any open positions held overnight or over a few days. If this does happen, it’s referred to as swing trading. Most day trading professionals will use both approaches to currency trading.
At Learn to Trade, we equip you with four robust trading strategies that cover both end of day and day trading systems:
- 180 Profit BoosterTM
Powerful strategy based on advanced price action
This razor sharp profit boosting strategy will identify key reversal patterns ready for execution on an upward or downward trend and traded on a Daily or 4 Hourly Chart. This strategy will identify easy profits with minimal risk at a simple click of the mouse.
- Income WaveTM
Cutting edge trend based trading system
Forex Income Wave is a cutting edge trend strategy which identifies key reversal bar formations to alert you to price action from Phase 2 to Phase 1…….this big account booster produces fantastic opportunities for you. Recommended for Daily and 4 hourly charts.
- Inter Bank RadarTM
Institutional strategy that identifies trades with no trend filter
An Institutional strategy that will identify changes in market momentum to catch a reversal in a major trend. Trade this on the daily and 4 hourly charts and boost your pip collection to the extreme.
- Money Market BreakoutTM
Professional intra-day high probability system
Money Market Breakout is a powerful strategy which accurately finds specific currencies and commodity set up’s. Great for recognizing longer term trends in only to be traded on the 4 hourly charts and created for the intraday trend trader.
Many people can find trading confusing at first. If you are wanting to try to predict the movement of the market no doubt you’ll lose a lot of money. In order to become a successful trader you need to develop a trading strategy and stick to it.
What you need if you want to become a day trader One of the first things you need is a high speed internet connection. Secondly, you’ll need some form of professional software platform. It is possible to design one yourself but most day trading pros will use some form of pre-packaged software platform. However, computers are perfect for crunching huge quantities of data, they are not able apply to offer discretion or judgment, that is still the forte of the trader. On top of this, you’ll need at least two monitors, some day traders even have more. The multiple screens are helpful because they allow you to bring up the different charts and technical indicators that will tell you whether to buy or sell.
Take the first step today to achieving your financial freedom. Call us on (02) 8412 6000 and speak to one of our Forex trading education specialists and find out if our Learn Forex Course is right for you. Alternatively, you can attend one of our FREE forex trading workshops and find out more about the Forex market first before taking the next step. Register your interest and secure your place at our next workshop near you.