Forex Day Trading Review. What I liked about this book is that it is simple. It is a nine-page book and easy to read. It gave me an in-depth look into day trading, and how you can profit by being aware of the markets every minute of every day. Although I am still a beginner in day trading, this book made me realize that I need to keep track of certain things that I could do when the opportunities for me to make profit arise Web23/7/ · I have waited a long time to get a managed account with these guys, but it was worth it. they say what they mean and mean what they say. After two week's trading in WebIs Day Trading Or Forex Better? It might be best for you to use forex when it comes to getting your feet wet with day trading. In addition, because the market for forex is open Webin-depth coverage, analysis, and reviews for forex brokers. Market Research. We keep up to date with forex industry news and updates on over sources, so you don't have to. Web2 days ago · Day Trading. You might be a forex day trader if: You like beginning and ending a trade within one day. Some things to consider if you decide to day trade: Stay ... read more
Keep up the great work! You already know, lots of persons are searching round for this information, you can aid them greatly. I started my trading career in , after a couple of months i stumbled upon DTFL and their follow the smart money approach really intrigued me. So i joined them exactly 6 years ago.
At that time, besides Sterling there was another instructor Chad who wrote the daily commentary and trade the London session. His approach was a bit different from Sterling as he focused more on the trapping candle patterns rather than the confirmation entry. I was an advocate of Chad and I saw him as my mentor and will always be grateful for what he taught me. Unfortunately, as an inexperienced trader, we all want to look for the holygrail, so after a couple of years i didnt trade the DTFL method anymore.
I started to learn the supply and demand strategy, the naked chart strategy. And during these few years results were quite mixed. I was lost for while and didnt enjoy trading.
I finally realised that, there is no holygrail in trading, at the end of the day, trading is about consistency, and be happy to do what you do every single day. Thats when I decided to return to trade the DTFL strategy in the beginning of this year. Till now the results been great, I found the passion of trading again and feel happy.
I like to the London session, when I learned the strategy from Chad back then, he taught a lot of tricks that the smart money do day in day out during the London session to trap traders before running price for the day. Even though Chad is not in DTFL anymore, I would still highly recommend anyone to join DTFL. The subscription fee is a bargain no matter how you look at it for such a solid and profitable trading method.
True that Sterling has his own shortcomings that some have stated above, but no one is perfect, as an instructor I think he already does a lot better than most out there.
DTFL might not be what you dream to be, but i doubt you would find better out there. Hey, Joe, thanks for commenting. We both started trading around the same time.
I started at the end of For the price that some are charging for just an ebook, Sterling gives you daily ongoing education. Plus, the strategy is consistently profitable. hi chris. I am a beginner with an interest in trading forex. I just stumbled on your blog and I am green to forex trading. I am also a masters student. How long on average do you think it takes for rookies to be able to have a grasp on the technicalties and intricacies of trading. How much do I need to start trading?
When I first started trading, it took me a while to start seeing consistent profits. I kept trying to put together something on my own for the first 6 months or so and wasted a lot of time. You need a good trading system and trading plan and you need to test so that you have faith in your system when the inevitable drawdowns happen. I know I would have been successful sooner if I had started with something like DTFL.
Hi Chris, your commentary has been helpful in tipping the scales for me…. I prefer to swing trade and asked Sterling about it.
Most of my members that go to longer time frame charts generally leave out cycle, and only trade stop runs from key manipulation points. Have you been successful in switching over to the longer time frames? If so, what changes have you had to make to the strategy? to p. EST; is that too limiting? Glad I could help. You may want to take a look at the DTFL Pro EA. Do you know any members doing that currently Thanks Andy.
Hi, Andy. Sorry for the late response. It is designed to work during the London or NY sessions. Is it a variety of pairs? Is Chad still part of the community and writing regular posts? I know Chad trades the London session and commented on that session, where Sterling is a NY session trader. Sterling does his analysis on a variety of pairs now.
Chad is not part of DTFL anymore, but there are plenty of other traders that still trade the London session. I started out trading the London session because it fit my schedule better at the time. Thanks very much for your efforts here…… The trading world needs more helpful people like u!
This thread is very interesting. I am looking to get back into trading more seriously and it seems like this system has an edge. Not doing much at the moment, so can concentrate on trading. Couple of things i noticed here : 1. That is ok, but for a day trading strategy where u have to sit there everyday, I was hoping to see a better return.
But I do realise that u are only trading the NY session. I wonder if return can be increased by also trading the London session? Somewhere above, I read that Sterling gives us the levels the night before.
Does that mean that we have to rely on him to give us the levels at all times? His experience allows him to step outside of the mechanical rules from time to time. I only trade the NY session, and I only trade the Pound and Euro. Most of the other guys trade a handful of other pairs, including Sterling. They obviously suffer larger drawdowns during those months. Yes, you will make more if you trade both sessions. Typically, one session will do better than the other, and it varies from month to month.
Yes, Sterling gives us the levels the night before — always before the London session starts at the very latest. Sterling typically analyses the pairs that are most likely to give a quality setup, but anything can happen once the London session starts.
How much time it will taken to learn the course? Also Which TimeFrame is used in course on trading? How long it takes obviously will vary from person to person.
We trade the minute charts. Understanding how to accurately pic trading levels takes longer to understand than the entry trigger, exit strategy, qualifying rules, etc. Does this course give info. on how to set up MT4 and recommendations for a broker? This course is great for both beginners and experienced traders.
Yes, you will get instructions on how to set up your MT4 for this strategy. traders as far as I know, but you can ask him or any of the other traders what they use and why. I can recommend OANDA. Hello Chris, I am using Ninjatrader platform. I am trying to implement your Fibonacci extension and retracement tool strategy. Could tell if this is possible with Ninjatrader. This page is not the correct place for this question, but you can manually mark your Fibonacci extension and retracement levels in NinjaTrader.
Just check back at a later time. Good luck with your trading! It sounds like part of the strategy is trading during the busiest hours of the London and or New York sessions.
The times for us in California are terrible. Pretty grim alternatives. Any thoughts? Thank you. Hey, Gerald! You do need to be there for the London or New York session. This is a day trading system after all. It does require more flexibility in your schedule than a swing trading system.
That could throw off the profitability of this system. Often, the difference between a winning system and a losing one is one or two profitable trades per month. You just have to put in the levels that you get from Sterling or plot on your own. The EA will open and manage the trades for you. Sorry Chris but I had another question that I forgot to ask.
Many trading methods are going through a tough time now, especially trend following strategies. How is DTFL doing in and especially during the last few months?
No problem. DTFL is a reversal strategy, so as long as there is volatility in the market, DTFL will work. Hi Chris, are you still trading with DTFL? I have recently joined DTFL after reading your reviews.
VERY pleased to find your reviews and info here.. Do these strategies work in the crypto markets? Do you know of anyone using them there?
The DTFL system is designed for the Forex market, although some of the concepts taught by Sterling will work in other markets. Other techniques that I talk about on this site, like candlestick signals, support and resistance, and divergence, just to name a few, will work in any market. Forex has some nice advantages, especially for new traders, but you will need a good trading system.
Many thanks for the prompt response. And also for the clear advice. No problem, Peter. Hey Chris! Are you still with DTFL? Is the DTFL community active or practically dead? The community is as active as ever. There are always new traders joining DTFL. Sterling is still live trading with the group twice each week. You can, of course, find individual reviews in various places, like Forex Peace Army. The DTFL trading system has just been consistent for me, so I continue to use it. There are mechanical rules for that, though.
The community comes in big here for new traders. The ongoing education and live trading is also really good for teaching that skill. Choosing your own levels is easy enough with some experience.
Hello Chris, I have been a DTFL member for 3 months. Do you trade just eurusd and gbpusd? How many trades per month in average do you take in this 2 pairs? START HERE BLOG DOWNLOAD REVIEWS MY TRADING SYSTEM. Tweet Pin Share DTFL is a profitable trading system The members area is very helpful for verifying good trading setups on a daily basis The Daily Market Review provides great feedback for learning and trading the system correctly The Live Trading Room is a great place to learn and receive support in real-time.
Trading on the 15 Minute charts, as we do in DTFL, can be time consuming There can be few trade setups if you only trade the Euro and the Pound like I do. Quick Navigation. Why Did I Join Day Trading Forex Live? Who Is Day Trading Forex Live For? What Does Membership to DTFL Include? How is Day Trading Forex Live Different? What are Students Saying about DTFL? Do You Need Day Trading Forex Live? My Day Trading Forex Live Review. I needed something simpler than what I was doing.
Looking for a New Trading System I tried a bunch of trading systems I've tested over systems at this point. Then, I found Day Trading Forex Live. You want to know what really moves the market, and how to profit from it You're interested in getting an advanced, ongoing Forex education You could benefit from the real-time support of a live trading room You want to join a helpful community of successful traders.
You don't have the patience to wait for good trading setups. What Is Day Trading Forex Live? Course Description. How Is Day Trading Forex Live Different? The trading system 2. The Daily Market Review 3. The Daily Market Review The Daily Market Review DMR is a great training resource. This is my best review and advice for the best Forex Day Trading System that I have tried out so far.
Read on for more information. It has taken me nearly two years to get this book and put it to good use. At the beginning of the year, I had just joined the bandwagon of people who are into day trading with Forex. At first, it was quite confusing since there were so many Forex courses and books that I could not choose one that really works. Day trading is in my opinion, the most profitable form of trading that one can undertake.
Most of the other courses and books focused on other aspects of trading, such as indicators and technical analysis. This book covers only the basics of forex trading, and that includes what you need to know about the market, how to read the charts, and how to select a profitable currency pairing. I must say, when I first looked at the price of this Forex Day Trading Review, I was a little skeptical. The thing is, with a forex trading course, a person would expect the same quality information from them and not something different.
My skepticism did not let me make the right choice when it came to buying the book. But then again, when I tried it out, I felt like everything I learned is relevant and useful.
And I was able to reap the rewards of using the advice and learning the methods outlined in the forex day trading for beginner's book. What I liked about this book is that it is simple. It is a nine-page book and easy to read. It gave me an in-depth look into day trading, and how you can profit by being aware of the markets every minute of every day.
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Review of: Day Trading Forex Live. Use: Forex day trading system. This trading system is consistently profitable. I'm using it in my own live account. This system is very affordable, especially when you consider all of the features and support. Ease of use. The system itself is not very difficult to learn, but day trading can be time consuming. Sterling offers the best support that I've seen in the Forex education industry thus far. What I Like. What I Don't Like. Summary: With a membership to Day Trading Forex Live you'll learn a profitable smart money trading system, which is most likely different than anything else you've traded thus far.
This is, by far, my favorite trading system right now. I've tested it for over 8 months and started trading my live account using Sterling's techniques a few months back. Update: I'm still using this system profitably after more than 5 years. Day Trading Forex Live has been consistently profitable for me through my testing and live account trading, which is why I put this Day Trading Forex Live review together.
Keep reading to learn more about this unique trading system. Offer ends April 30th! Have you ever felt like, even if you know you're trading a profitable system, you still end up taking all of the losing trades and missing the winning trades? I know that feeling. Murphy's law at its best. I would prefer to only swing trade if I could get away with it. The problem is that I haven't been able to find a swing trading system that can produce the returns that I'm looking for, so I've always day traded or supplemented my swing trading with day trading.
Unfortunately or fortunately trading isn't the only thing I have going on. I didn't have enough time in the day to do everything that I was trying to do. A few years ago, I started trying to find ways to meet my financial goals from trading without dedicating so much time to it.
Because of my increasing desire to spend less time in front of my computer screen, I started missing a lot of good trades. I had no problem taking the losers, though.
Those little misses started to add up, and I was seeing less than stellar returns. I didn't want to go back to gluing my eyes to my monitor, and at the same time, I had tossed around the idea of testing another trading system for this site. If ever there was a reason to try something new, this was it. So early last year, I went looking for a new trading system.
I tried a bunch of trading systems I've tested over systems at this point. Some I paid for. Others I picked up at random places, like trading forums. A couple of them showed some promise during my initial testing. I even started to live trade one of them, but ultimately, none of them were profitable in the long term.
I really just stumbled upon the site. I was researching more trading systems on Youtube one afternoon. While watching a video about smart money trading, I noticed a comment mentioning Sterling's DTFL site. I usually don't follow links like that, but I'm glad I decided to that day. I've tested and traded Sterling Suhr's advanced Forex bank trading course for 8 months. It's been consistently profitable for me during my testing and live account trading through varying market conditions.
Update: I'm still trading this system profitably after more than 5 years. This is now the only Forex trading system that I use. I'm excited to tell you about Day Trading Forex Live, because not only is it a profitable trading system, but Sterling is also offering the absolute best ongoing Forex education and support that I have come across.
In this Day Trading Forex Live review , I'm going to show you why I'm still trading this system after more than 5 years and how it's different from anything else you've ever tried. I'm also going to tell you about why I think Sterling's system isn't going to be perfect for every trader. As always, your experiences may differ from mine.
DTFL Is Perfect For You If:. DTFL Is Not For You If:. Many traders would prefer to check their charts once per day, which you can do with a swing trading system. The problem with swing trading is that there just aren't enough trades to make it worth the time, and frankly, worth having your money tied up in a trading account. If you have a huge trading account, maybe that's worth your time.
For most of us, it's not. Day trading obviously takes more effort and time than swing trading, but the payoff if all goes well is higher returns.
If you want to make those higher returns and you don't mind putting in the effort of day trading to get them, you want to join the Day Trading Forex Live community. On the surface, Day Trading Forex Live looks like your typical day trading course and trading system.
DTFL is a manually traded, technical, high reward-rate HRR trading system. The trading system is taught by video, instead of a PDF or webpage. The trading system. The Daily Market Review. Sterling's Day Trading Forex Live trading system is different than anything I have ever traded before because the method is based on what is happening behind the patterns that appear on your chart - not the technical pattern themselves. How will this help you? Have you ever felt like your participation in the market is part of someone else's money making business?
Like no matter what strategy you use, the market seems to just be against you. you're right! Sterling's system will teach you how to trade with the smart money.
the guys that actually move the market. You'll learn how to stop being the victim of stop runs, and how to start making money when the market makers do this to other traders.
Although sterling's system does use a certain price action rule set, that he calls the "confirmation entry," to enter trades, his method is not actually based on price action.
It's based on the stuff going on behind the scenes to create certain patterns. patterns that the market makers use to lure average retail traders into buying or selling. The Daily Market Review DMR is a great training resource.
Each night Sterling talks about the trades that occurred the day before if applicable , and he answers commons questions related to any unusual trading conditions that we experienced. This is an amazing tool for learning his trading system, because you get daily feedback on whether or not you are taking the right trades. In the past, I was involved in a stock trading that met weekly to discuss trades in a webinar, but the daily feedback from the Daily Market Review is head-and-shoulders no pun intended above anything else that I've experienced in terms of learning to trade the trading system the way it's intended.
In the DMR, Sterling also pre-selects the levels and pairs that he expects we will be trading the following day. When I first signed up, he only pre-selected levels on the Euro and the Pound. Since then, he has expanded his duties to include pre-selected levels on any pairs that are looking primed for a quality setup.
Although I still only trade the Euro and the Pound, most of the other members trade many other pairs. They get many more trade setups than I do these days, but that's fine with me.
Sticking to only 2 pairs limits my time in front of my trading screen which is welcome for me and it helps me trade those 2 pairs very consistently. Either way you decide to trade the system, Sterling's DMR is an outstanding tool for learning the system and continuing to grow as a trader. The last feature that I want to mention in this Day Trading Forex Live review, but certainly not the least, is the Live Training Room.
Members of DTFL can join Sterling's live trading room twice a week Tuesdays and Thursdays during the New York session. Sometimes it's just harder to get your point across in an email, which is why the live trading room is so useful.
At the same time, you also have the opportunity to ask follow-up questions in real-time. meaning you won't have to wait for hours or days to get your question answered to your full satisfaction.
If a trade setup occurs during the live trading room, Sterling will take the trade with us. Even when no setup is occurring, you can always ask Sterling for advice on levels that you are looking at on any pairs that you trade. In this Day Trading Forex Live review, I've talked about what I like about DTFL, how it's been different than other courses that I've tried, and the success that I've had testing and trading the system in my live account.
Day Trading Forex Live is the most profitable trading system that I have tested and traded to date. Is it for everyone? No trading system is.
It all depends on what you want to get out of a trading system, and what you're willing to do to get it. If you're looking for strategies that provide lots of time freedom, you're better off choosing a swing trading system or an EA although I've never tested and EA that was profitable on it's own. However, the returns are never going to be as good as a profitable day trading system, like DTFL.
DTFL Pro is an EA that allows you to automate Sterling's trading system. You select the levels to trade from, and the EA executes and manages your trades while you're away.
Web23/7/ · I have waited a long time to get a managed account with these guys, but it was worth it. they say what they mean and mean what they say. After two week's trading in Web2 days ago · Day Trading. You might be a forex day trader if: You like beginning and ending a trade within one day. Some things to consider if you decide to day trade: Stay Webin-depth coverage, analysis, and reviews for forex brokers. Market Research. We keep up to date with forex industry news and updates on over sources, so you don't have to. Forex Day Trading Review. What I liked about this book is that it is simple. It is a nine-page book and easy to read. It gave me an in-depth look into day trading, and how you can profit by being aware of the markets every minute of every day. Although I am still a beginner in day trading, this book made me realize that I need to keep track of certain things that I could do when the opportunities for me to make profit arise WebIs Day Trading Or Forex Better? It might be best for you to use forex when it comes to getting your feet wet with day trading. In addition, because the market for forex is open ... read more
In breakout trading, you determine a range where support and resistance have been holding strongly. This system is very affordable, especially when you consider all of the features and support. It is designed to work during the London or NY sessions. Investopedia is part of the Dotdash Meredith publishing family. When utilizing the Copy Trading tool at eToro, you will have thousands of potential investors and the best forex traders to follow in choosing from. I know that feeling. Any thoughts?Do you have skype or something forex day trading review I can contact you privately? The one difference between the web-based and downloadable offering is that guaranteed stop loss orders are only available on the latter and, furthermore, only for U. Could tell if this is possible with Ninjatrader. Get new password. com is registered with the CFTC U.