If you use the GFT platform to trade you MAY need to keep refreshing the page by pressing F5 or selecting “Refresh Chart Data” from the drop down menu. As well as a comprehensive chapter on how to short term trade in my “Currency Trading For Beginners” DVD, I have included 1 full days trading screenshots for Friday 03 October 2008 of me entering and exiting live trades (I made 45 pips for 2 hours trading). The screenshots will show you just how consistently good my trading system is at providing very good trading signals so you can make several good trades each and every day you trade. I have also included some notes about why I am a short term technical trader and how much easier it is now I am able to trade directly on the chart 24 hours a day 5 ½ days a week using Dealbook360 from GFT.. I, like the majority of traders used to carry out my trades using an independent charting software company to monitor the currency markets and to get my trading signals and a separate broker to place my trades. As well as having to pay a monthly subscription fee I did feel that this method of trading was very disjointed and at times it certainly cost me money. Being able to trade directly on the chart using Dealbook360 from GFT has given me total control of my all of my trades. I can now enter and exit the trades taking the exact amount of pips when I want too – and best of all is that Dealbook360 is completely FREE! My only 2 rules that you must OBEY if you are serious about becoming a short term trader that makes life changing amounts of money on a daily basis – just like me! is to exit the trade with a MAXIMUM 10 pip gain at all times. NEVER stay in the trade in the hope of picking up a few more pips, if the trend is strong my indicators will show you when to re-enter the trade to make even more pips, and secondly you MUST close out of your losing trades as soon as you can with as little a loss to your trading capital as possible. I personally never let a losing trade go above 10 pips of my initial entry point. If you can adhere to these 2 rules you will not fail to become a very successful FX trader. By following my trading system, you will get between 3 and 5 good short term trading opportunities each day 5 ½ days a week so your minimum weekly profits at £5 a pip would be between £300 and £500 pounds part time from home. As your trading ability and trading bank grow so will the pip price you pay. I am now confidently trading at £20 a pip and making truly life changing amounts of money on a daily basis.
To your success as a Forex trader!
P. Carter Paul Carter Forex Trader
When you have watched my DVD a couple of times and checked out my resources section and in particular “My Trading Screenshots” you will see why I sit firmly on the side of short term traders / scalpers (I do hate that word). I still after years of trading can not see the point in entering a long term trade when my indicators are telling me and making a nice bit of money and then giving it all back to the market in the HOPE that the original trade will continue on and give me my money back! I am a short term technical trader and I aim to make just 25 pips a day which can be made in any multitude of ways. Today for instance I made 20 pips from my trap, 10 pips in 13 minutes, 7 pips in 1 minute and 8 pips in 3 minutes for a total of 45 pips for 4 trades (please see screenshots below). So my daily total was 20 + 10 + 7 + 8 = 45 pips at £20 per pip = £900.00 for 4 trades and 17 minutes total trading time between 09.00 am & 11.30 am. Now I know I do have a natural flair for trading (that's why I have made this DVD), and over 2 years experience of spotting trading opportunities, but if you follow my trading system to the letter and are prepared to put in the effort required to become a currency trader then my system will not fail you and in a relatively short space of time you too will be achieving these results.
Trade 1 What a perfect start to my trading day! I set a trap (full details in DVD 2) last night and both my BUY and SELL orders were triggered, so I made 20 pips while I was asleep. If you were trading at £5 a pip as I advise you would have made £100 and at £10 a pip that would be £200. While you were asleep! Trade 1 Total:
Trade 2 Late start today (school run etc.) so I had missed a few good early morning trades (see below), but as I have already made 20 pips from last nights trap I am in no rush to start trading! A perfect 10 pip trade as the green candle had broken my grey 75 MA by one clear candle so I entered a BUY trade at 1.3864 at 09.15 am and exited the trade 1.3874 at 09.28 (see below) for a total gain of 10 pips! If you were trading at £5 a pip as I advise you would have made £50 and at £10 a pip that would be £100. Not bad for 13 minutes trading! Trade 1 Total: Trade 2 Total:
20 pips 10 pips
Trade 3 A perfect retracement buy trade just to pick up a few pips. From our initial 10 pip trade (Trade 2) the trend has continued up, although it did go sideways for a while with a bit of a fight back (see below). It then continued on up gathering strength as it was going (big green candles and no lower wicks) so I entered a BUY trade at 1.3889 at 10.26 am and exited 1.3896 at 10.27 am (see below) for a total gain of 7 pips If you were trading at £5 a pip as I advise you would have made £35 and at £10 a pip that would be £70. Not bad for 1 minutes trading! Trade 1 Total:
Trade 2 Total:
Trade 3 Total:
Trade 4 Its like a YO-YO today! You could almost nick a few pips on every reversal as they are quite strong, which is exactly what I have done here to prove my point. I entered a SELL trade at 1.3872 at 10.53 am and exited at 1.3864 at 10.55 am (see below) for a total gain of 8 pips. Now you could pretty much do this until the BIG announcement is made in America as there is so much uncertainty in the markets at the moment. If you were trading at £5 a pip as I advise you would have made £40 and at £10 a pip that would be £80. Not bad for 3 minutes trading! Trade 1 Total:
Trade 2 Total:
Trade 3 Total:
Trade 4 Total:
So I have made my target of 25 pips for the day (45 actually) or £900 at £20 a pip and it is only 11.15 am. Now I could continue trading for the next 12 hours if I wished but that would be a bit daft as my daily target is 25 pips, a bit stressful and a bit greedy! Or I could have the rest of the day off? And the winner is – THE REST OF THE DAY OFF!