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FREE EXPERT-4X ONLINE FOREX TRADING COURSE AND NOTES:
Disclaimer:-The information on online Forex trading presented on this website should not be regarded as forex or currency trading advice. Currency trading and fx trading is highly speculative and
should only be done with risk capital. Foreign Exchange prices rise and fall and past performance from currency trades is no assurance of future performance. This online forex trading website is a
currency trading information website only. Accordingly, we make no warranties or guarantees with respect to the correctness or validity of its content. Forex traders making use of the online currency
trading information presented do so at their own risk. The information provided herein does not take into account their forex investing objectives, financial situation or needs of any particular person.
This site is not intended to by used as the only source of currency trading information or forex education. It is important and assumed that traders use sound trading principles when using the online
forex trading information on this currency trading site. This includes trading common sense, sound money and risk management and full personal ownership of any trading decisions. Investors should
obtain individual financial advice based on their own particular circumstances before making any foreign currency investment decision.

Online Forex Trading:  Channel trading

From experienced gained over the years the best Forex traders are retracement traders. These
traders are looking for areas where the price move in one direction is weakening or loosing
momentum and then they trade directly against the short term trend that the price has been on
believing that the price will retrace on an even stronger trend in the opposite direction. They are
therefore “with the trend” traders but use an against the trend method of entering.

There are a number of ways to trade this way but one on the most consistent ways that work
reasonably well in a trending and trading market is channel trading. Channel trading requires the
trader to establish boundaries which contain between 85% and 95% of the historic price movement.
By definition then it is only 15% of the time that the price reaches close to these boundaries and they
therefore present high probability trading areas.

There are a few way of determining the trading channels:-

  • To use straight trendlines lines to determine the channels.
  • To use envelopes around a moving average.
  • To use Bollinger bands that take into account the market volatility.

Each of these methods will be discussed on separate pages as they require specific setting up
methodologies.

In general the following guidelines apply to channel trading.

  • Try to use channel trading in a sideways trading market where the channels are more or less
    horizontal
  • When the channels or both pointing in the same direction either upwards or downwards there
    is a good chance that you are in a trending market. Only take trades that are bounces off the
    channel boundaries that are in the direction of the trend.  
Training Menu
This trading course is intended to
be used in conjunction with our
Forex Trade of the day site
www.forextradeoftheday.com
which takes strategies and
concepts from this course and
applies them to day to day
trading. Also visit our
www.Expert-4x.com site for more
information
We hope that you find these notes useful and informative. If you have an queries or want to contribute your views to the content of these
note please use the contact us facility on this site. We welcome any exchange that will enhance your Forex trading.