Wednesday, April 27, 2011
What will be the end result of today's FOMC (Federal Open Market Commitee) announcement and how will this news effect the behavior of the currency market? Will the threat of rising inflation in commodities, rising equities, & moderate economic growth alter Bernanke's position about the effectiveness of QE2 & the FED's easy money policy?
If you would like to learn more about this subject and what to expect from this meeting, then join us for today's webinar about the FOMC. In this webinar, you will hear a brief overview about the purpose of the FOMC and how they set monetary policy for the nation. You will also learn about the importance of today's FOMC announcement and how to identify trade sentiment based on various "clues" within Bernanke's statement.
We will end this webinar by answering questions about the FOMC announcement and the Slumdog Forex Trading System.
This webinar was done by guest presenter Melvin Perry.
Monday, April 11, 2011
In this video, I provide a quick overview of the trades I entered and exited for the day and how I reached my daily goal of 5% just by trading around the common areas of support & resistance on the 1 minute chart. The purpose of this video was to prove how multiple short & small scalps of the market can produce your targeted projection, without holding out your trades over an extended period of time. Most of these trades were held out for only 1 to 5 minutes & closed manually for a small profit. This is just one scalping approach using verified S/R levels on your chart. However, it is important to remember that the timing of each entry has to be accurate for this type of trading to be successful. The more trades you enter in a short period of time, the more riskier it will be for your account...especially considering the leverage and the spread amounts for each trade.
I also introduce the CCI indicator and how it was used in this trading method.
Guest Presenter: Marvin Perry