ForexLivePro.Com

The World of Forex Trading can be a daunting place.  It can be very difficult to make money consistently as most traders do not have an edge in their trading.

What we do at ForexLivePro.Com, is to try and make trading as simple and fun as possible. We demystify trading and try and make you a better trader.

We run a Live Forex Trading Room, where you will mix with traders of differing abilities; from novices just starting out, to professionals who trade forex for a living.

We discuss the themes of the day, and post trade set-ups in real time.

We also provide commentary, analysis and education on the forex market.

Methodology

Although we look many currency pairs to make our decisions, our focus is on GBP/JPY.

We look at multi-time frames and trade the pair when it will give us the best chance of a positive trade.

We look at correlation and the underlying themes in other markets to find answers in the pair we indeed to trade.

For example, we are looking to trade GBP/JPY. We are trying to reduce risk on our trade as much as possible so we look at the influences of the following:

Equity markets, JPY weakness/strength, GBP weakness strength, GBP/JPY support/resistance.

We factor in all of the above to find direction & targets.

Hours

We trade the UK & US sessions. So we will be live from approximately 8:00am BST (3amEST) to 12:00pm BST (7am) & 14:00 BST (8:00EST) to 21:00 BST (4pmEST)

Signal delivery

We announce trades by microphone audio in the trading room, and confirm it by SMS text message. Enabling you to never miss a trade, if you're not in the room.

Trades

We would like to take trades every day. But the simple fact is you have to wait for a good opportunity to come along, and these do not necessarily present themselves every day. There are just no typical days in forex. You can typically expect 10-15 trades a month.

Education