Forex Live Trade Room Update

The Forex Live Trade Room has started it's trial run this week. Things are going well. The DimDim software has been easy to run, some glitches on my end, but they will get ironed out. Access is simple for guests as DimDim requires no download, as it is accessed through your browser. I've used other chat services with other Live Rooms, and I did not like the downloads or the functionality of those rooms at all. I think DimDim will be a great tool for us.

I want to thank those of you who have participated in the room thus far. I had a problem with the sign-in widget, and it looked as if I wasn't opening the room yesterday, but I did. It took some time for it to catch on that the room was live. If the blue widget, posted at the top of the blog, says "LIVE," you can go directly to the room by clicking where indicated above the widget.

The format of the Live Trade Room is very basic. Room guests will be able to see my charts, as I discuss S/R levels to watch for entries, trends, Fibonacci levels, and discuss PA (Price Action) live, as it reacts to market conditions. We will review News Data Releases, and take Q&A as we monitor the market. The room starts 1.5 hours before the London open and will continue until PA slows, or relevant moves are complete.

Last night, we had the opportunity to have another professional trader form Switzerland, Martin, join us in the room. His trading style is incredibly similar to mine, and I had a really great time discussing Forex, and comparing notes on our methods. He too uses S/R lines and watches for breaks, and keeps his trades intraday, and efficient as possible. He has a great trading plan and I appreciate his very disciplined style of trading. I know it made a more interesting evening in the room, and I really want to thank him for stopping in.

A video has been posted above, in the Featured Video area, and to our FXTradePros YouTube Channel. I just wanted to go over how to access the trade room, and also reviewed a couple trades I took while the room was Live.

Please feel free to utilize the room, just come be a voyeur, or participate. It is up to you. Remember, the room goes live soon, so come join us. Trade Safe!