MONTHLY WEBINAR: Strategic & Tactical FOREX Trading (Part 1)

Expert: Wayne McDonell, Chief Currency Coach at FxBootcamp
Moderator: Maud Gilson, Conference Manager

Summary:
A trader with a SMART PLAN for every trade, a trade plan based on solid analysis before they pull the trigger, has a much greater survival rate on the long-term. Reacting to the market is a simple game of chance. This may work for some traders on the short-term, but eventually, their luck runs out.

Planning a trade in advance allows a trader to gather intelligence and formulate a strategy before they execute the tactics of getting in/out of a trade according to the plan. The benefits to learning how to plan your forex trading are immediate. First of all, you stop making stupid trades. Second, you make less trades. Lastly, you end up making the same types of trades repeatably, which means you can trade with this methodology throughout your career and not rely on your gut instinct or a flip of the coin.

In this Part 1, Wayne McDonell will take you through the step by step process reading the markets and creating a trade plan.

You will learn how to use:

- Moving averages to align market with price.
- Support & Resistance of market and price.
- The long term Trend as "Fair Market Value".
- Pivot Points analysis for Profit Targets.
- Limits for Exits.
- Mentally prepare for each of your trades.
- and more!

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Part 2 of this webinar will also be available soon.

Webinar presented by FxBootcamp and FXstreet.com

Comments

[David]

Forex traders may be interested in the Google Answers write-up:

Estimated Value of All World Capital Markets
http://answers.google.com/answers/threadview?id=206505

It tracks down the source of information on total global capital flows to the BIS Triennial Bank survey.

Obscure....but interesting.

.

[Jonathan Melendez]

Please let me know when part two is out.

[Maud Gilson]

Dear Jonathan,

Part 2 is already available. You have the link above, just under the summary of part 1. By the way, here is the direct link: http://transcripts.fxstreet.com/2008/02/monthly-webin-1.html

Thank you very much!

Kind Regards,

Maud Gilson
Live Sessions Manager

[bekir]

Thank you for a fantastic piece of work. I practiced your what I learned from you in my live account this afternoon on USA/JPY with great success. I came out too soon but hey I made money and could not complain at all.

Sincerely,

[Dennis]

Old man easing into a hot bath.. haha, i'll never forget that one!

[bruce doig]

Great video both parts are well worth watching. Made it all come together for me.

[Roberto]

FXBootCamp Crew,
I'm counting down the days to recieve the FXBootCamp's book from Amazon!!

Both parts 1 and 2, look like to be great but, I had a problem to watch them... they are not complete.

Part 1: total 44:52 - and here at the site I can watch only 24:59

Part 2: total 1:12:57 - and I can watch only 35:27

Could you help me?

Thanks

[Roberto]

FXBootCamp Crew,

I reset my IE7 and finally I could watch the both videos!!

They are very helpfull!!!

Thanks

[Nina]

Hi

Great videos. I'm having difficulties finding a method that works, and I'm gonna try this out on a demo.

On what timeframe do you use this? I guess you could put it on different timeframes, but how low can I go without getting too much false signals?

With regards
Nina

[Harold]

What can be done to improve this webinar's sound that is stoping and stoping?

[Maud Gilson]

Hi Harold,

Sound quality is good. If sound is cutting, it's probably at your end, due to a failing internet connection I'm afraid.

Kind Regards,

Maud Gilson
FXstreet.com