The FX500Club
Good afternoon
It’s great to see so many of you posting your reviews at FPA.
We have a great team moving forward and for those who have worked with the strategy and powered through hurdles like greed and fear are now reaping the rewards. Well done to you all...
Trading is not an easy business (and many home traders do lose) however what we try and do at the FX500Club is simplify the currency world so that anyone can trade it and make a few pips on a daily basis. I will try and explain all ideas and trades in a logical way, so that everyone can understand what we do.
What we do....?
We now offer 2 live sessions a day at a cost of 97 GBP per month. I (Dan) post notes at 6.45am GMT and start presenting at 7.00am for around 90 minutes. (Zak will present at 1.30pm GMT) We analyse the currency market and do the technical analysis for you in GBPUSD, GBPJPY, EURJPY, USDJPY, EURUSD, AUDUSD, USDCAD, GBPCHF, USDCHF and EURGBP as well as GOLD AND OIL. From these markets we zone in on 2 to 3 charts (with the lowest risk) that have the most potential.
We keep it as simple as possible but do understand that it takes a few weeks to understand our way of thinking.
We are only interested in low risk, high probability trades and will tell you if we feel there is no trade that suits our requirements. However i do want to state that we are NOT a tipping service. We educate you so you fully understand WHY you should take certain trades and not others.
So for example if USDJPY powers up and GBPJPY follows we watch GBPUSD for signs of support. If there is an entry point with a tight stop loss of say 40 to 50 pips, we will zone in on that chart and guide you through the opportunity so you understand why the market is moving and what the risk would be. The hardest part is pulling the trigger... We can’t do that for you but after a month or two your confidence will grow and the setups will become easier for you to read.
Overall this will make you a better trader and self sufficient as a trader rather then me telling u to jump in here or there with no explanation.
What to expect...?
Don’t expect to get rich overnight with this strategy, as you wont succeed as a trader. Look at this as a 3 month plan rather than a 1 month plan. Once you can prove to yourself that you can make around 200 to 250 pips a week then you are ready to live trade. This will take between 1 and 3 months, so do not expect to understand what we do in the first week. The best approach would be to take your time and really grasp what we do before live trading...We are teaching you twice a day, so after a month you will be rusty, after 2 months things will fit into place and come 3 months you will start to feel more confident and start to read the setups well.
We are very honest in our approach and we can only be judged by our clients. It is your live room and above all we work to help you. The room is very positive and above all an enjoyable experience in learning how to trade.
What about beginners...?
Do not worry if you have never seen a chart before...
Zak, James and I have recorded over 40 videos on how to trade. Topics cover MA´s, CCIs, Money Management, Pivot Points, Golden Crosses, Triggers, Stop Losses, Take Profits, How to enter a trade, How to exit a trade, What to expect in the 1st 3 months, Introduction to Currencies, Intro to Indices, Intro to Commodities etc etc.... The list goes on and if you are unsure of any subject you can email us and we will produce a video for you and other FXVideo Club members to watch.
You can watch video after video (again and again). It’s a perfect way to learn our strategy and gain that confidence you need.
Conclusion
The Club won’t be for everyone but if you work hard, listen to what we say and practice before live trading, the weekly pip count will take care of itself.
Everyone should aim for 250 pips plus a week and we will do our very best to assist you.
We have a ‘One Day Free Trial’ so please come and say hi to the team if you get a chance.
Many thanks
Dan & the FX500Club Team
