Day Trading Forex Live Review

75 thoughts on “Day Trading Forex Live Review”

1. what gains have you made with dtfl percentage wise?

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   • Thanks for the question, Ojay. I make about 8% per month on average with a couple of losing months each year. So far, the worst was February of 2016, where I was down about 3% at the end of the month.

     That’s risking 1% per trade and only trading the Euro and Pound. Many of the other members risk 2% per trade or more and trade many pairs.

     Sterling did a test around the time that I signed up where he took every valid trade on every pair that we trade, risking 2% per trade, and averaged over 20% per month if I remember correctly.

     I could make more, but I’m fine with anything over 5% personally. If I was trying to grow a small account again, I’d definitely take every trade and risk 2% per trade. Hope that helps.

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2. Do you have skype or something where I can contact you privately?

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   • You can message me on Facebook: https://www.facebook.com/FXDayJob

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3. Thanks for the review. Sounds interesting. Does this system use any indicators? I never see an edge in using them.

   Also what is the ideal session to trade it? London or US?

   Thanks.

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   • Thanks for the comment, Dave. You don’t have to use any indicators. There is an indicator, similar to iSessions, that you can use (if you use MT4) to visually display the important trading sessions on your chart. This can be pretty useful – especially for backtesting. There’s also an average daily range (ADR) indicator, similar to this one. The ADR is essential to the system… for analyzing trades, but you don’t have to use that specific indicator to get the ADR (in case you don’t use MT4). Any 14-day ADR will work.

     No indicators are used for the actual trade setups.

     As for the best session to trade this system in, Sterling says that it’s easier to make money in the London session. However, he trades the NY session as most American traders will. I tried the London session when I first started. Now I trade the NY session. I’ve made money in both sessions. I would just trade the session that’s more compatible with your schedule.

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     • Hi Chris,

       Thank you for the quick reply.

       Few more questions before deciding.

       1. From your personal experience, are you able to trade this method independently without relying on any support from the trainer or fellow students? How long will it take before you are independent?

       2. What is the average number of setups per day or month?

       3. When you measure your own average profitability, do you use only the US session that you actually trade in? From the Youtube videos, I am unsure if Sterling calculates his returns based on actual trades he made during the US session or all available trades for both sessions.

       4. From your experience, does this method require you to take all (or most) trades in order to maintain the edge? Some methods are so finely balanced that you need to take all or most trades to get the edge while others offer more leeway.

       Thank you once again,
       Dave

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       • Great questions, Dave!

         1. It doesn’t take long to trade this system independently. You may still find it useful to take advantage of the community and/or the live trading sessions and market reviews/previews. Sterling has been trading for more than 17 years. He has more wisdom to offer other than the rules of his system.

         2. Based on my experience trading this system in the NY session, I would say that you can expect between 10 and 15 trades per month if you only trade the Euro and Pound. If it’s very slow, you might get less. During a hot period, you might get more. Obviously, trading more pairs will give you more setups. The low(ish) number of trading opportunities is a direct result of filtering out bad trades and only taking the best setups.

         3. My profitability numbers are based on trading the Euro and Pound during the NY session only.

         4. Yes, you need to take every trade – especially considering the number of trading opportunities. Every mechanical system is like that. If you commit to taking setups on the 15-minute chart during the NY session, you need to take every setup. In order to really let your edge work out over time, you have to be consistent. Anything else is gambling.

         I hope that answers your questions. Good luck!

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         • Hi Chris,

           Thank you for the detailed reply. Will probably order this over the weekend.

           Thank you again,
           Dave

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           • No problem, Dave. I’m glad I could help.

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4. Hi Chris

   That was quiet an explaination of the system. You talked about the average gain in terms of percentage can you please elaborate it a little more in terms of pips gained an risked per trade and per month?

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   • Hi Sheryar,

     We risk 20 to 25 pips to make 40 to 50 pips respectively – depending on the situation. The risk and reward on some pairs (that I don’t trade) are a little different.

     As far as gains are concerned, talking about profitability in terms of pips is pointless, because it all depends on the leverage you’re using.

     For instance, a swing trading system will give you more pips because trading moves on the daily chart means you risk more pips and target more as well. However, you should still be risking the same low amount of money per trade (2% or less). You’d just adjust your leverage so that however many pips you are risking is equal to 2% or less of your total account.

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5. Hello now is july first isit still possible to get the discounted price? Are you able to teach through webinar?

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   • Hello, Aldrich. It looks like Sterling still hasn’t changed the price, so you’re good if you act fast. He’ll probably change it later today or tomorrow. Sometimes he just gets busy and forgets.

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6. NOSOTROS HABLAMOS ESPAÑOL, ¿OK?

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   • Todos los materiales de instrucción y el comercio en vivo están en inglés.

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7. Hello sir, i am interesting in DTFL. Is this robot ? it can trade automatic? which broker does it support? how much i do pay per month for this EA? Because i do not know DTFL how to trade ? i can use it for small acount less than 1.000$ if it is ok i wil make account bigger

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   • Hello. DTFL is not a robot. There is an EA that you can use to trade the initial levels automatically if you choose to, but it doesn’t work on any secondary levels that may form unless you are there to readjust the EA to the newly formed levels. The DTFL system will work with any broker and any size account.

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8. Chris, I found your site sometime ago, read through and asked you two questions about DTFL which you answered well. Unfortunately, I couldn’t locate your site again as I had challenges. Just today I’m able to search and successfully reach your site. I must commend you because you made me join DTFL. I’m just few days old. It can be overwhelming at the start especially when you’re trying to understand the terminology of a group or community. One very positive thing I’ve seen is that it’s a lifetime on-going training course with criteria that are adapted as market conditions keep changing. Another advantage is that two days in a week it’s done from a Live Chart and trades are taken in Live Market during this, while you’re guided by a Daily Market Review based on previous day’s market . There are criteria for levels which a student needs to learn and this is possible in few days, in fact for an already experienced trader they already know how to get them. I’m only new but I’m believing the system will be profitable. As Ster says if trading is not boring to you then you might not be trading right: those two default pairs may not have setups for days or weeks. What do you do? Move to other pairs and apply your knowledge of DTFL. Thanks Chris, you’re a good man.I just felt I should support you. How do I link up with my DTFL Senior Member(you) personally?: I need it. Facebook? What’s the link?

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   • Thanks for the kind words, Zat. Most other members do trade other pairs, so they get more trades and rarely have a slow month. I just stick to the Euro and Pound. If you are going to trade other pairs, I would just advise you to trade them consistently. In order for the edge the system provides you to work out, you need to take all qualifying trades on your selected pairs. In other words, I wouldn’t advise trading extra pairs during certain times (like when you’re not getting enough trades from the two default pairs) and not others. Just be consistent. You can contact me via my Facebook page if you need to: https://www.facebook.com/FXDayJob.

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9. Hi Chris,

   Thanks for the review and I love the blog. I have some questions about this program as I’m thinking of getting it under your link:

   1) You said a lot about timing in the comments. Am I right to say that the best timings are the beginning of the London and beginning of the NY session. You wrote that somewhere. But could you be more specific? THe first 30 minutes or the first 1 or first 2 hours of each session?

   2) Would this work in the Asian session? And would this work at other times of the NY/London session (i.e not the beginning of both these sessions)

   3) What time is the live trading room exactly and how long does it last? Also, is it still being held every Tuesday and Thursday?

   4) How many hours per day on average do you trade with the DTFL system. And what other systems do you use and how many hours per day do you use on the other systems?

   Thanks for your help 🙂

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   • Hi Jon,

     1) The London session is generally more volatile on its own than the NY session is on its own. However, peak volatility for any given trading day usually occurs when the London and NY sessions overlap. That period is commonly referred to as the “Power Hours”. It’s not the first 30 minutes to several hours in particular that make these two sessions good for trading. I don’t think I ever said that. A well-qualified trade could come late in these two sessions just as easily as it does right after the open. As far as the specific hours that Sterling uses to trade his system, that is proprietary information that you will learn when you sign up and study the course.

     2) As I mentioned above, Sterling’s system works throughout most of the London or NY sessions. It is not designed to work during the Asian session.

     3) The live trading room is 9:15 – 11:00 AM Eastern, Tuesday and Thursday.

     4) I trade the DTFL system during the “Power Hours” of the NY session (4 hours). If a trade is taken late during that period, I may have to check back to close my trade before the NY session ends. I’m not currently trading any other systems.

     Great questions! I hope these answers help you make a decision.

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10. What time of day are the “initial levels” determined and posted and when are the “secondary levels’ you refer to posted? I ask this as I’m interested in trying DTFL but I have a full-time job elsewhere. I have no issue running EAs. I just need to know if the timing of this system works with my schedule.

    Anyway, thanks in advance for answering my questions.

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    • Sterling posts the levels in the evening if you’re in the U.S. He posts them at different times, depending on what is going on in the market and what he has going on. However, they’re always posted before the London session begins, which would be the earliest that you’d need them. If you’re going to trade the NY session, and he hasn’t posted the levels by the time you go to bed, you would just need to get up earlier the next morning to input your levels. If you’re trading the NY session, you’d probably check in the morning anyway because secondary levels are likely to have formed during the London session.

      Secondary levels aren’t posted. They develop during the normal trading hours of this system (during the London or NY sessions). If you can’t watch your charts, you will miss these. If you’re trading the NY session, as I mentioned above, you would input any new levels that had developed during the London session into the EA.

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11. Hi CHris

    I really find your website full of very useful and down to earth information its very easy to understand. I am curious about the benefits of subscribing to DTFL as I am subscribed to a few price action forums and supposedly trade set ups however to this day they are very much hit and miss, I am looking for a genuine high probability service and trade set up. Would DFTL be that one? At present I am trading and have been trading naked price action for about 3 years now but it has not delivered consistent winning trades.
    Thanks Reesè

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    • Thanks for the kind words. I had a similar start to you – trading naked price action. Although, I gave up on it much sooner. In my opinion, it is very hard to make consistent profits with price action alone.

      It sounds to me like you have good discipline already (sticking to your system for so long), and you’ve probably had enough trading experience to be past your rookie mistakes. I think DTFL would be a good fit for you. You’ll probably find the system and community to be very refreshing like I did.

      I wouldn’t necessarily classify DTFL as a high-probability trading system. There are two general categories that trading systems fall into regarding probability – high strike-rate (HSR) and high reward-rate (HRR). In a HSR system, you’ll hit your take profit more often but gain less per winning trade (1:1 risk-to-reward or less is typical). These can be good in the hands of an experienced trader, but most new or intermediate traders will lose money with a HSR system. That’s because one mistake can wipe out many winning trades. These systems require a lot of discipline that new and intermediate traders don’t have.

      Sterling’s system falls into the second category (HRR). In a HRR system, you typically gain twice what you’re risking or more on a winning trade. Because of this, you can be profitable even at a 40% strike-rate. Sterling’s system is capable of a 65% strike rate, so you can see how it’s profitable.

      If you’re thinking about it, I’d say just go for it – especially considering the sale price going on this month. Sterling’s confirmation entry is worth that price alone.

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      • Hi Chris

        Thanks for the reply I am going to go with DTFL it does seem to have a lot of pluses over other systems. I do like the confirmation entry signal and also the community that if you are in a bad position at least you can get a answer why that trade should not be taken.

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        • Yes… the community is excellent, especially while you are still learning the system. You end up taking the trades as a group. Anytime I had a question about a setup, I would ask the other guys or someone would have already mentioned it. It takes the guesswork out and you can learn as you trade. Best of luck to you!

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12. I just watched your video how to hide SL and TP from broker. After entering a trade and dragging ST and TP, I can see them printed on the ‘order’ line on my chart. Since I can see them, can my broker see them?

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    • I don’t think I have a video out about how to hide SL and TP, although I know it’s possible. You may be thinking of someone else. The problem with using an EA to hide your SL and TP from your broker is that, if your computer crashes or loses power for some reason, you’re fully exposed in the market.

      On a separate note, if you’re using the Day Trading Forex Live system, you shouldn’t have to worry about stop hunting by your broker anyway. We specifically look for clues that brokers are stop hunting and then get in the market (after the stop hunting) in the same direction that the big banks and brokers are going to move the market.

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13. hi sorry if this has already been asked but do you still trade this system profitably in 2018 ? thanks

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    • Yes. Me and plenty of others. This kind of system will work as long as brokers, banks, smart money, etc., are making money in the market… so forever.

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14. whoah this blog is fantastic i really like studying your articles.
    Keep up the great work! You already know, lots of persons are searching round for this information, you can aid them greatly.

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    • Thanks for the kind words. I’m glad you found these articles useful.

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15. I started my trading career in 2012, 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. (Sterling deleted most of the Chad’s stuff from the site, there are still some of his videos from the youtube channel though) And thats the beauty of trading the London session, you are basically looking to pick the top/ bottom of the day and then ride it through the whole daily range, it gives a great reward to risk ratio as you can easily get a 3:1 or more RR on your trade.

    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.

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    • Hey, Joe, thanks for commenting. I’m glad to hear that you stuck with it and are making some consistent profits. You’ve got a great mindset about trading, which I’m sure is a big part of your consistent success.

      We both started trading around the same time. I started at the end of 2011. I’ve tried supply and demand trading and naked price action trading as well (also with mixed results), although I got into both of those before I found DTFL.

      I agree – Sterling’s DTFL membership is a bargain. For the price that some are charging for just an ebook, Sterling gives you daily ongoing education. Plus, the strategy is consistently profitable. I haven’t found anything that can beat it.

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16. 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.
    1. 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.
    2. How much do I need to start trading?

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    • Hi Nimi,

      1. It’s hard to answer that question because each trader is different. It didn’t take me very long at all to learn the DTFL technique but I had already been successful with a couple other trading systems before trying it.

      When I first started trading, it took me a while to start seeing consistent profits. A big reason for that, though, is because I didn’t have a profitable trading system to start with. I kept trying to put together something on my own for the first 6 months or so and wasted a lot of time. That’s why I always stress getting together a good trading system and trading plan first and foremost on this site. Without it, you’re shooting yourself in the foot.

      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. If you start with some unproven system that you threw together and haven’t thoroughly tested, there’s no way you’ll survive the psychological pitfalls that spring up when you have a losing streak. I know I would have been successful sooner if I had started with something like DTFL.

      3. You don’t need anything to open a demo account and start testing and you can open a live micro account for as little as $50. The average micro account is about $250 – $500 to get started.

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17. Hi Chris, your commentary has been helpful in tipping the scales for me….I prefer to swing trade and asked Sterling about it. This was his reply: “Anyway, yes the strategy we teach can be applied to longer time frame charts, but there would no doubt be certain changes necessary. Most of my members that go to longer time frame charts generally leave out cycle, and only trade stop runs from key manipulation points. While how it’s applied might need certain variations, the principal of the strategy will remain the same.”

    Have you been successful in switching over to the longer time frames? If so, what changes have you had to make to the strategy?

    Also, you say it’s a good system if you can trade the London and/or NY sessions. I’m only able to trade 11:00 a.m. to 5:00 p.m. EST; is that too limiting?

    Thanks,

    Laurie

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    • Hey Laurie,

      Glad I could help. I have never tried to trade Sterling’s strategy on anything but the default 15-minute charts, so I cannot add anything to what Sterling said.

      If you’re swing trading, trading session will not matter. You’d be taking your trades toward the end of you’re trading availability when the new daily candle starts. If you’re trading the 15-minute charts, you’d still be able to catch some trades that occur in the latter half of the NY session, but you be limited.

      You may want to take a look at the DTFL Pro EA. If you can spare some time in the evenings to input the initial levels that you’re going to be trading in the London and/or NY sessions, the EA can take the trades for you.

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18. Hi Chris!

    Are you still trading this system?

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    • Hi Kev,

      DTFL is the only Forex trading system that I’ve used (although I’ve tested others) since 2016.

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19. Thanks for getting back to me Chris!

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    • Sure thing, Kev. Sorry for the late responses. I’m very busy this time of year. Good luck!

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20. Hi Chris:
    Can I use the DTFL strategy on the Tokyo & Austria session? Do you know any members doing that currently
    Thanks
    Andy

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    • Hi, Andy. Sorry for the late response. I’ve never heard of any students trading the Asian session with DTFL. It is designed to work during the London or NY sessions. I would try to make time to trade during those sessions if you can, because that’s when the best trading happens for many reasons.

      If you absolutely can’t, you might want to look into Sterling’s DTFL Pro EA. If you can spare some time in the evenings to input the day’s levels, the EA could take those trades for you.

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21. Hello Chris,
    I have a couple of questions.

    I know that Sterling posts about pairs on a regular/daily basis. Is it a variety of pairs? Or just the EUR/USD and GBP/USD?

    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.
    John

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    • Hello John,

      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.

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22. Hi Chris,

    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. I think I saw somewhere here that the strike rate for strategy was just above 50%. Little surprised there, since having (briefly) looked at
    Sterling’s video, I could see that he was trying to trade alongside the banks, and I thought an edge like that would give him a hit rate more like 70% or so ?

    2. You mention a return of 8%. 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?
    ALso, I realise that u are risking just 1% per trade, so if one is a bit more aggressive, and say risks 2%, , then there is a potential to increase the returns. Mind u , with a strike rate of around 50%, perhaps 2% is aggressive, and obviously will lead to greater drawdowns….

    3. 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 ?

    Any views on these ?

    Many thanks for your efforts….. keep up the excellent work !

    Al

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    • Hey Alex,

      Thanks for the compliment and your questions.

      1. Sterling does average more than 50%. The last time I remember him mentioning his strike rate, I believe he said he was somewhere in the mid-60% range. That’s Sterling, though. His experience allows him to step outside of the mechanical rules from time to time. He’ll be the first one to tell you not to try that until you’ve got a lot of experience in your market.

      2. 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. Most of them risk 2% as well. There have been months where I only made 1% or 2%, while other members made 6% or more. There have been good months where they make 15% to 20%. There have also been losing months (not often, but they happen) where I’ve only lost a few percentage points. They obviously suffer larger drawdowns during those months. I’m fine with what I risk and what I make.

      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. I don’t have the time or patience anymore to trade both, but you’d have the advantage of always participating in the best market. Plus, you’d simply get more trades without loosening the rules or adding pairs that are more risky.

      3. Yes, Sterling gives us the levels the night before – always before the London session starts at the very latest. It’s helpful and there is a ton of stuff to be learned in those daily updates. However, once you learn what he’s doing, you can apply those techniques and rules and do it yourself. A lot of the other members do that with pairs that Sterling isn’t trading or didn’t mention.

      Sterling typically analyses the pairs that are most likely to give a quality setup, but anything can happen once the London session starts. It’s good to know how to do it yourself. You’ll just have to get in there and see what combination of ideas that you mentioned works for you. If you have a smaller account, I’d definitely try risking 2% and trading all the pairs that Sterling trades now.

      I hope that helps. Good luck!

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23. Many thanks for the detailed reply Chris. I will certainly consider this soon.

    Take care
    Al

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    • No problem. Good luck, Al!

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24. Hi! How much time it will taken to learn the course? Also Which TimeFrame is used in course on trading?

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    • How long it takes obviously will vary from person to person. The course is not hard to understand, but there are enough qualifying rules that you may need to demo trade it for a week or two to make sure you’re not making any rookie mistakes. We trade the 15-minute charts.

      Understanding how to accurately pic trading levels takes longer to understand than the entry trigger, exit strategy, qualifying rules, etc. However, Sterling pics those for you each day, so you can begin trading the system immediately as you’re learning how to do that on your own.

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25. I’ve traded Forex a bit but am really a beginner. Does this course give info. on how to set up MT4 and recommendations for a broker? Thanks.

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    • Hey Jerry,

      Sorry for the late response. 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. There’s not much to set up, really.

      Sterling doesn’t officially recommend any brokers for U.S. 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. Good luck!

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26. 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

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    • This page is not the correct place for this question, but you can manually mark your Fibonacci extension and retracement levels in NinjaTrader. If you’re looking for an automatic tool, I’m sure you could find something for NinjaTrader or have a programmer create one for you.

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27. Site is not opening. I’ve tried several times.

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    • It didn’t go anywhere. Just check back at a later time. That’s just the nature of web hosting for the majority of the world. Good luck with your trading!

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28. Chris I’m curious if there are any traders using this strategy from the west coast of the U.S. 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. It’s either catch the opening of the London market at midnight or the New York session at 5 AM. Pretty grim alternatives. Any thoughts? Thank you.

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    • Hey, Gerald! I think we spoke on Facebook, but I’ll say this again for the benefit of anyone else reading this. Yes. 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.

      The trades won’t necessarily come early, but you will miss some if you can’t be there at the session open. 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.

      If you can’t be at your charts during those sessions, Sterling does offer an EA that semi-automates his strategy. 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.

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29. 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 2020 and especially during the last few months? Thank you.

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    • No problem. DTFL is a reversal strategy, so as long as there is volatility in the market, DTFL will work.

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30. Hi Chris,
    are you still trading with DTFL?
    I have recently joined DTFL after reading your reviews.

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    • Yes. DTFL is the only Forex trading system I’ve used in my live account since 2016. I’ll be sure to let you guys know if I find something better.

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31. Hi Chris,

    VERY pleased to find your reviews and info here.. I’m a total newbie, initially reading up on crypto-currency trading, when all my investigations finally lead me here. I’m not wedded to the idea of crypto, but I know absolutely zilch about FOREX! Do these strategies work in the crypto markets? (Do you know of anyone using them there?)

    If not, I have to say I’ll start getting clued in to the FOREX markets with a view to trying DTFL.

    Many thanks once again

    Peter L

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    • Hey Peter,

      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.

      I’ve traded in a lot of different markets. Forex has some nice advantages, especially for new traders, but you will need a good trading system.

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32. Hello Chris,

    Many thanks for the prompt response. And also for the clear advice. I like what I’ve read here about the possibilities with Forex, so I’ll set about finding out the basics. Do let me know if you recommend any particular book/website as an introduction to all matters Forex.

    Best regards

    Peter L

    Reply

    • No problem, Peter. Good old “Youtube University” is a good place to learn the basics. You’ll probably get more from a basics video on Youtube than you will from a book in less time and for free.

      “Forex Trading” by Jim Brown and “Forex for Beginners” by Anna Coulling are both good for beginners, if you’re looking for a book.

      When you’re ready to start getting serious, I have a free price action course and lots of other detailed, technical articles on this site that are meant to help traders find an edge in the market.

      Of course, if you want a proven, robust trading system to plug-in to, instead of putting one together on your own, you can’t do much better than DTFL.

      Hope that helps. Good luck!

      Reply

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