Join our week long live trading education course

Hi Traders

ForexLive has opened the doors on our latest Live Trading Course, ACT 4.
Last year we ran 3 courses which were only open to our onsite readers. All 3 were filled within days. Following the success of those, this year we are opening the course up to a wider audience.

The week long live course will be led by Greg Michalowski, author of the leading Attacking Currency Trends trading book, and ForexLive's chief technical analyst and head of education. The course is designed to provide a great foundation for inexperienced traders, as well as honing the skills of those who have been in trading a while and need to take that next step up.

Everything in the ACT course will be applied during a week of live trading. This is not a course where you will watch old videos while we make the ACT method fit old charts so it looks good. We don't believe in teaching by using hindsight methods. What we teach will be applied in live markets. Trades will be identified and taken in real-time, and managed in real-time.

There are many parts to the course. One is to show how to apply technical analysis properly. If you think that technical analysis will tell you where a price is going, you need to have that myth dispelled, and you need to understand the full potential of using technical analysis to define your risk. The art of trading isn't learning how to make money, it's learning how not to lose money.

Another part of the course, is dealing with the psychology of trading. How to cope with our emotions so that we can maximise profits and minimise losses. How often have you been the deer in the headlights staring at a position that's losing money and not known what to do? Suddenly that great idea you had about which way the price is going doesn't work and now you're using hope instead of discipline as a strategy. Getting a grip on your emotions and discipline isn't easy but doing so means that you remain in control of your trades and not your trades in control of you. There's no better way to teach that than when it's live.

The ForexLive team is made up of traders from all areas of the market with many years experience, and we will all be teaching during the course. While Greg will be leading the bulk of live trading, the rest of the team will be passing on their knowledge throughout the week;

 

1. Adam Button - Economist and trader. Bloomberg's (and others) goto man when they want to know about Canada and the Canadian dollar. He's a trader and analyst that really knows about global news and fundamentals, and will teach you how to understand and trade the news properly. Adam's expertise is that he can delve right into the news and data to pick the meaningful parts that other miss. He knows the difference between a passing comment or item and a game changing one.
2. Eamonn Sheridan - Spot FX dealer for 13 years at Bankers Trust. A wealth of experience in which he carves through the market myths and conspiracy theories that traders fall back on when trades go wrong. He'll teach you why big banks are not hunting you down to blow your stops, and how to avoid dangerous trade placement.
3. Mike Paterson - Over 30 years experience in FX. A former interbank trader with UBS and Credit Suisse. If you do believe the big banks are after your money, then he is one of the people who's been in that hot seat. He'll also destroy the theory that the big boys are after us. More importantly, he'll teach you about supply and demand trading and the large bank orders that move prices. With an insight to those large, market moving interbank orders (that he posts daily onsite), he'll teach you how you can be profitable by using them in your trading.
4. Ryan Littlestone - Over 25 years in financial markets via the LME and LIFFE and trading his own account for nearly 20 years. Trading discipline and dealing with the emotional side of trading is his strong point. He will be first to admit that for all his experience he still suffers from lapses in control and from when emotions take over, and how that's cost him money. However, he will teach you how to regain that control back quickly so that it doesn't manifest into something larger that ultimately hurts your trading account permanently. Ryan will also give you an insight into how to use the market tools available to your advantage. Think leverage is the spawn of the devil? He'll tell you why it can be a traders greatest tool in protecting your account.

​So what makes this team and course different from any others, why are we so special?

The answer is we're not special. We don't promise to make you rich, we're not flogging signals or systems. In fact, the course is going to involve a lot of hard work. But then, every profession requires hard work, and trading is a profession. If you truly want to fulfil your potential as a trader then you need to be prepared to work hard at it. If you haven't realised already, there's more to this profession than putting money in a trading account and putting lots of lines on a chart. What we do promise is that we will use all that we've learnt over many many years to help you become a better trader. We feel that's the minimum any teacher should offer.

It's more than just a course

After the course we won't drop you like a hot potato. We understand that some of our ACT traders will need further support. After last year's courses we realised that we lacked giving that extra support to our ACT traders. As all of the ACT traders were regulars on ForexLive they could speak to us through there but we felt it wasn't enough. So, we are opening up a 24/7 Live Trading Room purely for our ACT traders. ACT traders new and old will have exclusive early access and it will be built and operated in conjunction with our ACT traders. Through it we will be able to provide the additional support anyone may need. It will also be a home for ACT traders to help each other or just to talk about trading. We are going to build it into something special but it will be something that traders want, not just what we want.

When is the course?

We like to keep our courses small and intimate so that we can give our attention to every trader. We will only allow 30 traders on the course and many of those places have already been taken.

Starting on a Friday and Saturday - June 24th and 25th - with classroom lessons and continuing on Monday through Friday (June 27-1st July) in the Live Trading Room. Below is the detailed schedule and times.

June - ACT 4 June 24th to July 1st (European and North American session)

1. Friday, June 24th, 9 AM ET (1300 GMT) to 1 PM ET (1700 GMT), Building the Traders Foundation
2. Saturday, June 25th, 9 AM ET (1300 GMT) to 1 PM ET (1700 GMT) The Development and Effective Application of the Traders Toolbox
3. Monday Friday, June 27th - July 1st, 7:30 AM ET (1130 GMT) to 12:00 PM ET (1600 GMT)).Live Trading Room with Greg Michalowski. Applying the ACT method to your trading. Each day, there will be an hour+ presentation from one of the ForexLive staff.

At the suggestion of previous ACT classes, a subtle change is that we will hold the Classroom Sessions over two days (each 4-hours in length). Splitting up the classroom sessions will provide a better pace for the learning process. The Classroom Session are a time to imagine what you need to do in your trading, but it is essential. There are no shortcuts in learning to trade properly.

What's included

1. A True Classroom: 30+ Hours of live, interactive, no-nonsense forex education in a small class. You can access all the sessions anytime via recordings
2. Unparalleled Knowledge and Expertise: Full access to the trusted ForexLive analyst team that has written more than 60,000 articles and has more than 100 years of trading experience
3. The Market Will Also Be Your Teacher: Live market training/trading sessions dedicated to applying everything you've learned -- See it in Action
4. Special Added Bonuses: Four special master classes led By Adam Button, Ryan Littlestone, Mike Paterson, and Eamonn Sheridan
5. One-on-One Coaching: We've included a personal, one-on-one coaching sessions for each attendee from either Greg, Adam, Ryan, Mike, or Eamonn
6. The Trading Bible: Personalized copy of Greg's acclaimed book: "Attacking Currency Trends"
7. Ongoing support: Exclusive early access to the NEW Live Trading Room

But enough of us telling you what you will get, here's what prior ACT traders had to say;

- " I always did trade like ACT... I needed more confidence in my trading and you helped me stay on the right track... I stopped looking around for that perfect indicator...I have the best plan.. I just need to trade the plan to make the most money with the least amount of risk... " - Charles

- "I am very glad I took the course. I feel like I have a very good foundation to build upon as a brand new trader. I also feel confident that I can continue to work with Greg and the team to learn and provide an additional source of income for my home." - Calvin

-" The amount and quality of education provided was the best value for the dollar I've ever had."

- "Really enjoyed this well structured and varied course. Would have saved myself a whole heap of frustration and a few quid if I had been able to do this when I started a few years ago." - Ian Freeman

- "This has been an amazing week. Without any doubt this IS the best Forex education available by the best professionals. After you trade the ACT way you feel more confident with what you do and what you see in the charts. Even though the week was a particularly difficult one to trade due to announcements, we always managed to limit and define our risk in an unambiguous way. Greg and everyone at forexlive.com are simply the best." - Alejandro Soto

-"I just wanted to drop a line and say thanks for a great session today. It was enlightening to see the levels on live charts and the whole package of ideas starts to make much more sense with every passing hour. I know its not easy to impart such knowledge....but for me it is working!" - Nigel

- Let me confess before I joined this course, every morning when I switched on the screens I felt is if I have landed on MARS and had no clue as to why I am trading a pair and what I am trading it for. But with the help of ACT I feel as if I am born on MARS and can see the entire universe and navigate the terrain with utmost easeACT has created an information super highway for me! - RPB

Sceptical about reviews and testimonies? That's cool. Feel free to come by our site at ForexLive.com and speak to the traders above in person. If you want a taste of what we'll do on the course, you're more than welcome to come to the site just to see what we do day to day. The doors open and the kettle's on

You can find full details of the course by CLICKING HERE

Thank you for your time and if you think this course will help you, now is the time to ACT. We wish you every success with your trading.

ForexLive

The last two days have shown why it's important to know how to trade the news properly

Central bank events, economic indicators and talking heads are some of the components that make up "the news"

Trading the news and data isn't black and white. Just because a data point beats expectations doesn't always make it good news. A comment that gets ignored one day can be game changer for markets the next. Like the last two days, knowing when the news matters and when it doesn't can help your trading immensely.
The news, and its impact on fundamentals, makes up a huge part of why a market moves, perhaps even the biggest part. That cannot simply be ignored. It's fine for technical traders to say they can ignore the news to focus on the charts but if the news is big enough, there's not a technical indicator in the world that will stop a price moving.
Deciphering the news is massive part of what we do at ForexLive everyday, and there's one man who knows how to get right to the bottom of every data point and comment.
Adam is the man with his finger on the news pulse and we've made what he knows an integral part of our ACT trading courses. Here he is explaining what he will teach on the next course.


Check out the details of our course here