New Member Orientation Steps

It is very important that each new member gets familiar with the basics. If you are new to this site and Forex Trading, you need to first go through the orientation steps. Click here to go through the Orientation. Note: You may also access the Orientation via the Quick Links panel on the right.

Beginner FX Traders

Congratulations! You are now ready to embark on a journey with unlimited potential. Forex Trading is a new life skill that you will build over time. Just like learning any new skill, the key to success is practice. Nothing is more important than putting your knowledge into action. At this beginning stage, we would like you to start momentum trading. Momentum trading is simply a trading style that allows you to take multiple trades within hours or even minutes. Follow the steps listed on the right to start Momentum Trading. Go through the Momentum Trading Guidelines and take 200 trades on your demo account. As you are going through these 200 trades, document them on a simple Trading Log. It only takes a couple minutes extra for each trade, but it's important to develop good habits early on.
Remember, you have many resources to help you become a good Forex Trader. Take Trading Post's Beginner's class and make sure you take plenty of notes. If something is unclear, repeat the class a few more times and allow the material to sink you. I guarantee you'll learn something new every time you take it. If you just joined with Trading Post, your first 28 days of Online Trading Rooms are included.  Try to join these live trading sessions.

Intermediate FX Traders

Now that you have completed your first 200 momentum trades, you should have a good understanding of the following:

   - Chart functions and tools - switching currency pairs and time frames

   - Trade Station mechanics - including stop, entry, and limit orders

   - Trading breakouts      - Executing & documenting trades

   - Support and Resistance levels, trading range, barriers

With a good handle on these currency trading basics, you are now ready to use specific trading tools and be more selective in the trades you take.

Your goal as an intermediate trader is to continue trading ranges and breakouts while incorporating the new tools: wedges, moving averages, Fibonacci, and pivot points.

Apply these new tools while you work on a 2:1 Risk to Reward ratio. Take 200-300 selected trades. While taking these trades, you will learn to recognize the hours of the day you like to trade and the amount of time you'd like to spend trading. This is your personal trading style.

Advanced FX Traders

At this stage, you are quite familiar with the market and the hours you like to trade. You also know whether you like to do momentum and day trading or longer-term trading. As an advanced trader, you need to work on psychology and discipline by learning how to balance fear and greed.  Register for the advanced class at Trading Post and learn from Zoltan. He'll give you a good perspective in becoming a skilled trader.

At this stage, you are ready to incorporate more analysis into your trading and adopt a trading system with specific trading rules. Working with a trading system means that you have to be disciplined to stick with the trading rules and build confidence in using the system. As an advanced trader, you are looking for multiple (a minimum of 3) confirmations before getting into a trade.

We always emphasize trading as a team. This is a 29 minute recording of a live trading session with our traders. This will give you a good idea of what it is like to trade with our team of skilled traders during major economic data, and you can see how we are anticipating the moves in the market.

Training Module 3:

Super Friday Aug, 05
 

Quick Links

Training Modules

We have a total of 3 recorded training modules on this page. Follow these steps to setup your computer for these training modules:

Step 1:
If your computer does not have Windows Media Player (WMP) 9 or 10, click here to download software - look for WMP 10 for XP users or WMP 9 for all other Windows operating systems.

Step 2:
Download the CODEC as this is what allows you to see the picture with the audio.

Step 3:
Click on the module that you would like to listen to.