Coach's Corner was developed by long time trading coach and commodities broker VIC NOBLE in early 2006. After working with high net worth clients, and providing personal coaching services to traders, Vic saw a huge need for trader education. Leaning on his years of experience, and viewing the habits and attributes of both the losing and winning traders, he started the Coach’s Corner mentoring service in order to help traders avoid the common pitfalls, and to provide a sound trading approach that is not just technically based, but one that encompasses many other factors, notably the very difficult psychological challenges that trading presents.
Premium Members have access to our 24/7 Skype Trading Chat Lounge. The Chat Lounge has proven to be an incredible, interactive resource. You can get questions answered immediately, either by text and/or screenshot, or even a mini-video! Plus…interact with other members, see how others are managing their trades etc. If you want to get up to speed in the quickest way possible, there is no better resource than the Skype Chat Lounge!
When you train with Forex Mentor Pro you get hands-on insight into how to become a successful trader from forex mentor pro’s with over 50 years combined trading experience!. You get thorough, yet simple strategies that work and will equip you to trade like the professionals. It couldn’t be any simpler. The only question that remains to be asked is “Do you want this enough?”
The profit target is set at 50 pips, and the stop-loss order is placed anywhere between 5 and 10 pips above or below the 7am GMT candlestick, after its formation. This is implemented to manage risk. After these conditions are set, it is now up to the market to take over the rest. Day Trading and Scalping are both short-term trading strategies. However, remember that shorter term implies greater risk, so it is essential to ensure effective risk management.
Most frequently, a trading strategy is a set of entry and exit rules, which a trader can use to open and close positions in the foreign exchange market. This rules can be very simple or very complex. Simple strategies usually require only few confirmations, while advanced strategies may require multiple confirmations and signals from different sources.
Forex trading strategies can be either manual or automated methods for generating trading signals. Manual systems involve a trader sitting in front of a computer screen, looking for trading signals and interpreting whether to buy or sell. Automated systems involve a trader developing an algorithm that finds trading signals and executes trades on its own. The latter systems take human emotion out of the equation and may improve performance.
76% of retail accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.