Below is a simple guide to what happens at the FX500club and what you will need to download to get started.
1) Download MT4 Charts from the home page and click on the button below the Testimonials.
2) Please register for a FREE Trial and login under the Members button on the home page.
3) You now enter your member’s home page. You can either enter the live room by clicking on the central button or you can read our trade analysis under the ‘Topics’ section on the right hand side. There are 3 areas under Commodity Alerts, Currency Alerts and Indices Alerts. Throughout the day you will be emailed with updates and at this point you will need to check the relevant Alert to read our analysis. Under these categories you will find our Live Room Analysis Videos, Daily School Videos and the Uncategorised Section.
4) Once in the live room please click on the Shared Folder and download our template from FX500ClubTemplate.zip. There are instructions on how to do this and if you are a member of the video club then there is a detailed video on how we use our template.
5) Please read ‘The Journey to being a competent Trader’ and download ‘Risk depending on Stop Loss’. You will also find other indicators in this shared folder.
6) The next important stage is to download our Trade Alert Gizmo from the ‘Favourite Links’ section. There is a video on how to download this under the ‘Uncategorsied section’. The trade alert gizmo will alert you instantly when a new post is added.
7) The live room will be open from 6.00am everyday until around 4.00pm however we will occasionally close the room early depending on the market and the figures out that day.
8 - Dan will kick start the day at 6.30am and give you a detailed analysis of what to expect that morning then whenever a new post is added to the thread Dan will come back into the room and talk you through the setup he has posted to make sure you understand his thought process.
9) Likewise when any other trader posts on the thread they will come back into the room and explain their chosen setup to you all and answer any questions you might have.
10) Zak will post at 6.00am, 10.00am, 2.00pm and 6.00pm and will be in the room for 5 to 10 minutes after each post.
11) Our chosen currencies are CABLE, EURUSD, USDCHF, USDCAD, AUDUSD, NZDUSD, USDJPY, GBPJPY, EURJPY as well as a few other crosses. We fully understand that you might not trade all of these currencies but our philosophy is to find the lowest risk trade with the most amount of potential. If that is GBPAUD then we will post GBPAUD, even if it isn’t one of our majors.
12) Please feel free to interact with other members in the live room and ask questions to the trader when they are in the room. If there is anything you do not understand then please email support@fx500club.com
13) Our aim is to help guide you in the world of the currency markets. With correct correlation and understanding of how these markets are linked, your chances of success are greatly enhanced.
14) Please watch our detailed videos on Money Management as this is the key to success.
Any further questions please do not hesitate in emailing us.
The FX500Club

October 02nd 2009 Posted to Commodities, Guest Pass, Indices, forex | Comments (0) |  Email This Post

Morning all,

I hope you are well.Looking at Wall Street Futures we have the classic over night channel. It may have to wait until the European open until we get a break. There is a potental on the open for a Gap Close on the FTSE and Dax and this will also help pull Wall Street back into the 60 minute 20 MA.

Gold found support off our hourly support level and could well test this again today. Please draw the upward sloping support level on your chart and look for the break if indices rally today.

James

April 15th 2009 Posted to Commodities, DAX, DOW, FTSE, GOLD, Indices | Comments (0) |  Email This Post

• Flash

by: vPIP	Embed (copy & paste):	close

Gold:

·         Boxed between the hourly 50 MA and the hourly 20 MA

·         A break of 915 to the upside  would signal a move back to the 4 Hourly 20ma at 921

·         A break to the downside 910 would signal a move back to the previous low of 905 then 901

March 05th 2009 Posted to GOLD | Comments (0) |  Email This Post