Forex Sailing Video #3 - Online Forex Trading Course

Forex Sailing Video #3 – Online Forex Trading Course

Posted May 22nd, 2010 by Rapid Forex 9 Comments »

Forex Trading in Three Easy Steps

In Forex Sailing part 1, you learned about basic forex fibonacci wave price movements.In Forex Sailing part 2, you learned about how fibonacci waves fit together in patterns for fibonacci wave zones. Today, you’ll learn how to use what you’ve learned so far as an online forex trading system.

I strongly recommend that you complete parts 1 & 2 of Forex Sailing before watching video #3 below…

Forex Sailing is (in my opinion) one of the easiest online forex trading systems in existence. It’s actually so simple, that you may want it to be more complicated so you feel like you’re doing more for your money .

In this video, I’ve taken the rules for trading forex online with Forex Sailing and made them into 3 simple steps. The video explains the rules in much simpler terms. With this video, you should understand the rules for Forex Sailing very quickly.

Related Forex Sailing (Part 3) Posts:

Below I’ve listed a few posts from the rapid forex blog that cover topics that I’ve discussed in the video. I recommend you read these posts as they cover additional important online forex trading information.

1. Rule #3: Fundamental News for Forex Sailing – in the video I mentioned that Rule #3 for Forex Sailing was mentioned on the Rapid Forex Blog. This topic didn’t need to be discussed in the video as it’s more easily explained in the blog post above. As long as you’re not trading any currencies with major news announcements scheduled all week, you’re clear for Forex Sailing!

2. Forex Sailing – RULES for Online Forex Trading – the rules for Forex Sailing have been completely laid out in this blog post. This is a reference for you. The video below is meant to make the rules much easier to understand when I describe them with a pen on the screen.

3. Online Forex Trading Example – Forex Sailing GBP/CHF(extra credit) – Now it’s time to put it all together. Here’s an example of a trade where Forex Sailing worked. In the next few videos, I’ll be walking you through the complete Forex Sailing trading process. We’ll start with plain charts, and go through all the steps. Both successful & unsuccessful trades will be covered. Rules for dealing with losing trades will also be covered.

Go Forex Sailing

A hot new forex trading system called Forex Sailing from rapidforex.com is now available. To get this completely amazing course in it’s entirety, sign up now for a free online forex trading course and you’ll also get the complete Forex Sailing Courser & information about personal LIVE Forex Training!

Tags: 90 day free forex bootcamp, fibonacci forex trading, fibonacci waves, forex sailing, online forex trading, rapidforex.com Posted in Forex Sailing

9 Responses to “Forex Sailing Video #3 – Online Forex Trading Course”

Kulvadee Says:
May 22nd, 2010 at 3:10 pm
Great, simple and easy to understand. Can’t wait to see more videos. Thanksssssssss.

[Reply]
Jacques Says:
May 23rd, 2010 at 7:22 pm
You are making it simple. Well you be covering how to journal your trades? Thanks

[Reply]
Rapid Forex Reply:
May 23rd, 2010 at 8:28 pm
@Jacques – yes, that’s coming!

[Reply]
John G Says:
May 31st, 2010 at 2:46 am
Its great to review thewse courses there is just so much information available in less than 10 minutes

[Reply]
Tony Says:
June 6th, 2010 at 3:40 am
Thanks Brian for the Video.

For the I to III wave, the retracement of point III in addition to retracement to 61.8% can be go to 50%, 38.2%, 23.6% or even 0%. How do we know price would not go further than 61.8%. Don’t you wait for point III to be confirmed first , i.e. candlesticks on 4-Hour chart (e.g. engulfing or piercing candles etc) before entering at point III?

thanks very much
Tony

[Reply]
Rapid Forex Reply:
June 6th, 2010 at 9:31 am
@Tony – you’re getting into some of the finer points. If we hit the 61.8% level, we can enter the trade. We don’t ever know what it’s going to do. It can & does go through the other levels, but if we wait for the other levels we also increase the probability of a bad trade. I will be covering some of the nuances of how to deal with different situations in the advanced forex sailing videos, which will be included in the 90 day forex trading bootcamp.

[Reply]
WInston Says:
June 7th, 2010 at 5:15 am
Thanks Brian!
This video is a great and so are the others. The blogs and the interconnecting of the postings provide so much valuable information/knowledge.
I will be signing up for the live Bootcamp;I would hate to miss out!

Fellow traders – re a Canadian Broker. Take a look at Questrade.com

[Reply]
greg Says:
April 22nd, 2012 at 11:48 pm
can this same strategy be used on lower time frames ie 5 minute. Say you look for a trend on 1 hour or 4 hour and enter on 5 minute. 4hour charts require larger stoplosses which i dont want to be using with a start up capital of £300.

[Reply]
Rapid Forex Reply:
April 23rd, 2012 at 2:33 pm
@Greg- the problem with using Forex Sailing with 5min charts is that the spreads are a large part of the price movement. Even on the EUR/USD if there is a 30 pip movement, a 2 pip spread on entry and exit is 4 pips, which is 13.33% of the movement. This is why bigger timeframes are better. You can use 1 hr charts and look for trades that only require a 100 pip stop. This would be approximately a $10 risk, which is about 3% of your account. This is acceptable money management

[Reply]

rapidforex.com