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 it can be time consuming to trade.
Sterling offers the best support that I've seen in the Forex education industry thus far.
What I Like
- 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
What I Don't Like
- 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
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.
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.
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My Day Trading Forex Live Review
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.
The problem is that the Top Dog Trading system can be very time-consuming, if you're using it to daytrade like I was. I hate to sit in front of my desk and trade. I'm always doing something.
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 start testing a new system, this was it. So early last year, I went looking for a new trading system.
Looking for a New Trading System
My first attempt at finding a new trading system was the Forex Gemini Code, which turned out to be a total waste of time and money. I felt pretty stupid buying it, especially considering the cost ($997).
I also made a rookie mistake . . . I started live trading too soon, after some promising initial testing, and wasted some more money! Lesson learned.
Then, I found Day Trading Forex Live.
I really just stumbled upon the site. I was researching day trading systems on Youtube one afternoon. While watching a video about smart money trading by Martin Cole, 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 been testing and trading Sterling Suhr's advanced Forex bank trading course for over 8 months now. It's been consistently profitable for me during my testing and live account trading through varying market conditions.
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.
To be fair, Day Trading Forex Live isn't perfect. In this Day Trading Forex Live review, I'm going to show you why I'm trading this system 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 perfect from my perspective. Your experience may differ.
Who Is Day Trading Forex Live For?
- 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're still searching for that "holy-grail" trading system that is just out of your reach
- You're looking for a set-and-forget trading system, like a swing trading system, or a robot (EA)*.
- You don't have the patience to wait for good trading setups
*Sterling does offer DTFL Pro, which is an EA that is able to semi-automate his trading system (more on this later).
If you're looking for a set-and-forget swing trading system, and you don't mind lower returns, I would recommend Infinite Prosperity.
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What Is Day Trading Forex Live?
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.
How Is Day Trading Forex Live Different?
Day Trading Forex Live is different from other trading courses that I have taken for four main reasons:
1. The trading system
2. The Daily Market Review
3. The live members chat (shoutbox)
4. The Live Training Room
The Trading System
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. Well . . . 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.
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The Daily Market Review
The Daily Market Review (DMR) is a great training resource. Each night Sterling talks about the trades that occurred the day before (if applicable) on the Euro and the Pound, 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 that we will be trading the Euro and Pound from the following day.
When I first signed up, I thought that only getting trading levels for the Euro and Pound would be limiting. However, like Sterling, I only trade the Euro and Pound using his method, and it still provides plenty of trading setups and monthly profits.
The majority of other traders in the members area trade others pairs as well and get many more trading opportunities as well. Sterling's system works on any pair, but I suggest that you stick with the Euro and Pound until you get the hang of the trading system and can choose your own high-quality trading levels based on Sterling's rule set.
The Live Members Chat
The live members chat (or shoutbox) is another tool that I use on a daily basis. When you join DTFL, you're joining a community of traders who are all trading the DTFL method. Many of these traders are successful and have years of trading experience that you can benefit from.
Since we're all trading the DTFL method, there isn't typically a bunch of confusing chatter going on, leading to conflicting ideas. Just a group of helpful, experienced traders waiting patiently for qualified trading setups, and standing by to help you when you need it.
I'll give you an example of how this feature helped me when I first joined DTFL. After, going through the course material and the add-on videos, I decided I was ready to start testing the DTFL trading system.
However, I didn't quite understand the "confirmation entry" as well as I thought I did. I called out a trade in the shoutbox. My message was quickly met with, "No . . . that's not right," "There's no setup on the Euro right now," and "We're still waiting for confirmation."
It seemed a little bit embarrassing at the time, but I learned what I needed to know about the "confirmation entry" that day. One of the members (sorry I don't remember who) even sent me a link to a recent video where Sterling talked about the "confirmation entry" in detail.
You can see how useful a focused group of traders, like the members of DTFL, could be to you as you're learning the system. In fact, I always check the shoutbox when any trade is setting up. It's invaluable to this system.
The Live Training Room
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.
This is a great time to ask Sterling questions that may require a longer, or more in-depth, explanation. 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 on the Euro or Pound 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 the other pairs that you trade (if you decide to trade other pairs).
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What Are Students Saying About DTFL?
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.
Now that you know what I think about the trading system and course, take a look at what some of Sterling's other students are saying:
Do You Need Day Trading Forex Live?
Day Trading Forex Live is not the only profitable trading system that I have used, and it's not going to be for every trader. No trading system is. It all depends on what you want to get out of a trading system, and what your trading preferences are.
Below are the Pros and Cons of using this system from my perspective:
- The trading system is profitable. I have to stress that, because most of the trading courses and systems out there are crap.
- The Daily Market Review reinforces the trading system. This is so useful to this system, especially in the beginning. Daily pre-selected levels will help you trade this system profitably.
- The live members chat is a daily lifesaver. The community chat at DTFL is helpful when you're learning, and I still check the shoutbox before taking any trades.
- The Live Training Room is great for asking questions. Getting real-time support from Sterling on upcoming or past trades is invaluable. You'll get up to speed fast by attending the live trading room.
- It can be time consuming to trade. Trading on the 15 Minute time frame, like we do in DTFL, can be time consuming. However, the simplicity and nature of this particular method make it less time consuming than other day trading systems that I have used.
- Not as many trade setups as other systems. Experienced traders go for quality over quantity. That being said, DTFL can provide few setups, at certain times, if you're only trading the Euro and Pound like I do.
If you're looking for strategies that provide lots of time freedom, you're better off choosing a swing trading system, like Infinite Prosperity. I trade this system in less than 20 minutes per day. However, the returns are not as good as the day trading systems that I recommend.
If you're looking for a system that provides lots of trading setups (2 per day or more), you're better off with something like Top Dog Trading. Top Dog Trading provides lots of setups through strategies involving anything from scalping to swing trading. Keep in mind that such a trading system requires a far greater time commitment to trade profitably.
If you're interest in trading a profitable day trading system that is most likely different than anything else you've tried, and you want to trade it with a community of helpful and focused traders in a live environment, then Day Trading Forex Live is exactly what you've been looking for.
Summary: In my opinion, Day Trading Forex Live is the best Forex day trading system on the market. The support and daily feedback are second to none. The live environment and helpful community make learning and correctly trading this system easier than other systems that I've traded in the past.
I've been testing this system for over 8 months now, and it has been consistently profitable for me during my demo and live account trading. I'm "chris" at DTFL. Come join us!
$299 with coupon code "FXDAYJOB" - Save $80 off the regular price! This month only!