This educational Blog will regularly be updated with an actual Forex trade of the day made using various Forex trading entry and exit techniques. It also provides articles and lessons about Forex trading which will hopefully  add to you developent as a Forex trader.

The Expert4x group have found that the best way of learning is to see live trades in action. The Forex trade of the day concept takes live trades made in the Forex market and turns them into educational and learning experiences.

In this blog we will cover many forex  trading techniques and trading concepts. The idea is to provide you the Forex trader with many Forex trading concepts and trading techniques to improve your perspective of Forex trading. Depending on your experience levels you may find that the information on this blog

1. compliments your existing knowledge and experience or

2. adds to your existing knowledge and experience or

3. may even conflict with you existing knowledge and experience

4. or that you can add more information to the subject presented

In all of the above cases I would appreciate hearing from you as the aim of this Forex Trade of the Day blog is to provide quality, free, forex trading educational information which maybe be useful to all Forex traders.

Please feel free to comment and add your own trades using the comments facility.

WELCOME AND ENJOY!!

Alex du Plooy

The Live Forex trading session held by Expert4x on the 23rd of January trading the European Market produced another winning session. This now bring the total to 11 winning sessions out of 12.

The table below shows the status when the target for the day was exceeded. The EURGBP transaction later went positive resulting in 4 winning trades and a 56 pip gain.

For more information of the next live Forex trading session please use this link >  Live Forex

For information about the Good Vibrations Forex trading system use this link > GOOD VIBRATION FOREX

For information about Expert4x products, live forex and services click here > EXPERT FOREX

Expert4x presented an open live trading webinar in which a version of the Good Vibrations was traded.

There were 2 winners and one breakeven trade in this slow trading session. The gain was 22 pips.

use was made of clouds and pillow to show how the price bounces off Good Vibrations levels

For more information on the Good Vibrations forex technique please click here> Good Vibrations

For more information on the Expert4x Weekly Forex trading Challenge please click here> Forex Weekly Challenge

Double in a Day strategy swells Forex Account

Building on previous Double in a day success our trader went for the big kill. Although only 10% of his trading capital was risked using an established method of adding to positions on a NO risk basis a return of 115% was generated for the day. The account balance was doubled from $36 473 to $ 78 538.

For the previous trading day’s results please click here > http://forextradeoftheday.com/expert4x-trader-does-another-double-in-a-day-forex-trade/

This doubling of account balances at this level it can be problematic if noticed by brokers. Many traders therefore use multiple accounts at multiple brokers. This is a good risk spreading and capital management process any way.

Spotting Pivot points in the Forex market takes considerable skill and experience. With sound training in time of day Forex trading principles, by studying what causes turning points in the Forex market and using other methods traders can increase their accuracy considerably and increase Double in a Day confidence.

For more information on the Double in a Day forex strategy click here > Double in a Day 

For confidentiality and other reasons the above chart and account is a reconstruction of the traders forex trading account. Some of the links above are password protected – this will be removed in the next few weeks.

Please read our Forex disclaimer

 The Double in a Day Forex strategy

The Double in a Day Forex trading strategy

The confidence of using dominant angles, pivot plus principles, fundamental analysis, forex information and time of day concepts has again helped our trader boost his Forex trading account using a Double in a Day strategy.

Click here for the previous post >  http://forextradeoftheday.com/pivot-plus-helps-traders-double-in-a-day-forex-trading-strategy/

As these transaction progress risk diminishes more and more and by the time more lots are added to the transaction it is a totally risk free. The trader has nothing to lose and everything to gain. A gamble where you can’t lose.

You need a very strong predetermined money management, risk management and trading strategy to pull these trades off. Experience and a “with the odds in your favour” gambling approach helps with this strategy. Probabilities and statistics strengthen a trader’s confidence. At all times the results of a loss are processed and dealt with before the trade so that the worst result will not come as a surprise or disappointment. It will merely be a cost of this high risk, high reward approach.

The principles used in this type of Double in a Day trading strategy will be available in a free forex trading course in early February. Please watch this blog and your emails for more information.

For more information on the Double in a Day free course please click here>  Double in a Day

For confidentiality and other reasons the above chart and account is a reconstruction of the traders forex trading account. Some of the links above are password protected – this will be removed in the next few weeks.

Please read our Forex disclaimer

Expert4x is one of the few Forex companies which trades its forex technique in live trading webinars. Yesterday was the first 2012 Expert4x Forex weekly challenge live trading webinar produced a winner. It was a very slow day and only one of our pending orders activated. The one transaction was enough for us to pass our challenge goal of 33 pips for this session. We traded the GOOD VIBRATION forex trading technique.

Why Not join us for the next Expert4x Forex weekly live webinar trading challenge

For more information about this weekly trading challenge please visit : Expert4x Forex weekly live webinar trading challenge

The Expert4x No Stop, Hedged, Grid Forex system is a mechanical system that works well in relatively sideways forex markets. It requires skill and experience to select a currency and to determine the grid size, but after that it is very easy.

1. You can start anywhere entering a buy and a sell at the same time
2. When the price reaches the next grid level you cashin the positive transaction and enter another Buy and Sell transaction
3. You cashin all your transactions when the price reaches a grid level and the overall result is positive or breaking even.
4. Repeat

Most traders using this system use no spread commission only brokers to avoid spread complications. Where brokers do not allow hedging traders use 2 seperate trading accounts entering all the sell transactions in one and the buy transactions in the other.

As it is is 100% mechcanical it is best traded using an Expert Advisor.

It is a high risk Forex trading system which can cause big loses if the market starts trending. Under the Expert4x system risk is controlled in that all transactions are closed when the price reaches the 4th grid level from the start to avoid a total disaster. One would only need 6 positive transactions to makeup for any such loss. Cashing in the grid transactions when positive makes it possible to trade this system in a softly trending market.

Below is an example of the GBPUSD being traded using a 140 pip grid size (+/- the Daily Average True Range) over a 15 week period making 1400 pips. This is an example of the Expert4x No Stop, Hedged, Grid Forex system being traded. The results need to be reduced for broker commisions or spreads and overnight holding costs or profits.

The Expert4x No Stop, Hedged, Grid Forex system : GBPUSD

September to November 2011

November to January 2012.

For more details about the grid system and the Expert Advisor follow this link: The Expert4x No Stop, Hedged, Grid Forex system

There are many videos featuring the The Expert4x No Stop, Hedged, Grid Forex system. Search on Forex Grid trading on YouTube.

What a way to start the year

Pivot Plus helps trader’s double in a day Forex trading strategy

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Doubling Forex Broker account is an exceptional feat. This is even more impressive when it happens in one day and in one transaction.  Please note that this does not happen every day and is not luck. It is as result of a trader combining a number of factors to achieve a favourable outcome. An adapted version of Pivot Plus combined with other Forex trading techniques helped this trader’s double in a day Forex trading strategy

Some of these factors are:

• Using recent fundamental and news information.
• Using time of day trading concepts – more info> TIME OF DAY
• Using risk management and lot sizing – more info> Risk/Money Management
• Using a risk free method of adding to your position
• Knowing when turning points are most likely to occur > Pivot Plus  or Turning Points

Other factors include

• Using the correct type of Forex Broker trading account. See Forex Broker accounts  (currently password protected)
• Using the most appropriate currency cross
• Knowing a lot about technical analysis including concepts such as dominant angles – more info> Long Candle Forex
• and a few more……

The above transaction was achieved risking less that 5% of available trading capital.

The Forex trading account was increased by 135%. One move was traded with 2 transactions. Although Pivot Plus helped this trader’s double in a day Forex trading strategy there is a lot more to achieving these restults

For confidentiality and other reasons the above chart and account is a reconstruction of the traders forex trading account. Some of the links above are password protected – this will be removed in the next few weeks.

Please read our Forex disclaimer

To view results of other trades made by this trader please click on the picture below>

 Free FX Trader Magazine

The January-March edition of FX Trader Magazine is online and available to Expert4x Forex clients.

To read the FX Trader Magazine click here and insert your email address in the log in box.

The iPad/iPhone edition will be available on the App Store in a few days. Discover our new iPad App here.

Advanced Forex trading strategies and Forex techniques

ADVANCED FOREX STRATEGIES FOR FREE

Are you an advanced and would like some free Forex strategies and Forex techniques?

Expert4x can show you a Free quality video course that teach you the following Forex strategies:

• ZigZag Breaker Strategy
• Wave Tracker Strategy
• T-Chaser Strategy
• Fibo Trap Strategy
• Zoom In Strategy

Please click on the link below to view these videos that will teach how to trade these forex techniques step by step.

ADVANCED FOREX STRATEGIES

http://www.gomarketsaus.com/free-forex-education/interactive-education/

(Choose Strategies from the dropdown menu)

This information regarding forex techniques and forex strategies is supplied by Expert4x to forex trade of the day.

Forex trading strategies and Forex techniques for beginners

BEGINNER FOREX STRATEGIES FOR FREE

Are you a beginner and would like some free Forex strategies and Forex techniques?

Expert4x can show you a Free quality video course that teach you the following Forex strategies:

• Trend Signal strategy
• Tunnel Strategy
• Fractal Strategy
• Fishing strip strategy

Please click on the link below to view these videos that will teach how to trade these forex techniques step by step.

BEGINNER FOREX STRATEGIES

http://www.gomarketsaus.com/free-forex-education/interactive-education/

(Choose Strategies from the dropdown menu)

This information regarding forex techniques and forex strategies is supplied by Expert4x to forex trade of the day.