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Learn How To use Channels to find amazing Forex Entries
Rating: 4.7 out of 5(252 ratings)
2,204 students

Learn How To use Channels to find amazing Forex Entries

The Forex Channel Entry and Target technique helps you catch new trend very early and is very simple to learn and use.
Created byAlex du Plooy
Last updated 5/2017
English
English [Auto],

What you'll learn

  • Gain an understanding of the basic concepts of Forex channel trading
  • Learn how to draw straight line channels
  • Gain further insight into channel line sensitivity
  • Learn to trade failed swings
  • Learn to use channels to enter the very start of a new trend
  • See how channel trading overlaps and can be used with other techniques

Course content

6 sections • 15 lectures • 1h 4m total length

  • Welcome to the Forex Channel Trading course and course overview1:18
  • Channel trading examples7:12

    Explore channel trading in forex with multiple examples that show using small stops and large targets, 1-2-3-4-5 bounce patterns, and entries across pairs to double the account on day trades.

  • Communicating during the course2:06

    Learn how to communicate effectively during the course by using the questions and answers pop-up, sending private messages, and engaging with fellow students to enhance forex entry discussions.

  • Forex Trading Disclaimer1:10
  • Benefits of Channel trading

Requirements

  • Some basic knowledge of Forex trading and charts is required learn this Forex trading technique

Description

Many people who want to benefit from Forex trading do not have time to watch trading screens all day long. Channel trading allows you to trade entry and target points into the future using pending orders. This allows you to automate your manual trading so that you only need to review the charts once or twice a day.

The course covers topics such as how to find channels, the rules for channel trading and advice on the tricks and traps of Channel trading. An MT4 channel indicator is included in the course that will automate the drawing of channels for you. 

There are many other reasons why Channel trading is so popular:

  • It produces exceptional results with good success rates
  • Ideal for US based traders as FIFO, Hedging and leverage are not limitations.
  • Can be used in range bound and trending markets. Very few trading techniques are successful in both types of markets.
  • Decisions can be made using any time-frame. Better results are obtained using multi time-frames to make your trading decisions.
  • Can be highly mechanical and rule based. This makes it easier to learn and teach and automate.
  • Has fixed targets and stops. Targets and failure price levels are very easy to determine and this provides a good risk management framework as these are determined before deals are entered.
  • Is the only technique that gives you the potential of catching almost 100% of a trend.
  • Allows the use of pending orders and following stops.
  • Allows you to risk the exact same % of your account on every trade as it has known starting stops
  • Gives very early signs of failure allowing you to get out of or reverse direction on deals very easily.
  • Only required one active trade per currency.

Please note that in this course we will only cover straight line channels


Who this course is for:

  • This course is intended for beginners, intermediate and advanced traders
  • Channel trading is good traders that only have a few minutes a day to trade
  • USA traders can use this technique with no restrictions

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