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My name is Shane Burke. I have been trading forex for three years and have developed a trading strategy that may be useful to you. My favorite currency pair is the EUR/YEN. It moves at a pace that is not overwhelming but is very profitable IF you respect the trading blueprint and don't get greedy. This pair moves with the stock market. For example, if the Dow drops 400 points, more often than not the EUR/YEN probably already dropped that amount in pips the previous day. It generally moves slightly ahead of the action on wall street and acts as a great indicator to buy or sell stocks which is another way I personally utilize the insight gained from following the EUR/YEN. Throughout the week, quality buying or selling opportunities with great risk/reward ratios develop. If you would like, I will email you these opportunities and describe the trading blueprint of each trade within the email. If you agree with my analysis, enter the trade. If not, wait for one that we both agree on.
To receive my profitable forex alerts simply fill out the form below.
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Some key attributes to forex trading are as follows:
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The forex market is open from 5pm(EST) Sunday until 5pm(EST) Friday. No one, and I mean NO ONE can trade all 120 consecutive hours of the week (Believe me, I've tried and failed.)
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You need to develop trading blueprint that will allow you to sleep peacefully at night with open trades OR trade only specific sessions such as the Asian market from 7pm(EST) to 1am(EST) and then GET OUT before the tide changes!
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Every market brings with it new momentum. The Asian trading hours are from 7pm(EST) to 1am(EST). Europe is 3am(EST) to 9am(EST) which overlaps slightly with the United States creating the most chaotic trading hours between 8am to 10am (EST). The US hours are from 9am(EST) to 4pm(EST). 4pm to 6pm are literally the only hours the forex market is calm, but only temporarily as the Aussies are waiting to start the next day at 6pm (EST) followed by the Japanese at 7pm(EST).
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There are numerous forex brokers to choose from. FxClub is one of the best for ONE reason, they allow fractional lots! 1 lot is $10,000 which is way too much for beginner forex traders. FxClub allows fraction such as 1/10 of one lot which is only $1,000. This is perfect for new traders but also great for experienced traders as you can divide up your lots into fractions providing more buy or sell targets.
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