Learn How To use Channels to find amazing Forex Entries
4.7 (57 ratings)
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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.
4.7 (57 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
208 students enrolled
Created by Alex du Plooy
Last updated 5/2017
English
Current price: $10 Original price: $45 Discount: 78% off
5 hours left at this price!
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Includes:
  • 1 hour on-demand video
  • 3 Articles
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I 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
View Curriculum
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 is the target audience?
  • 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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Curriculum For This Course
15 Lectures
01:04:08
+
INTRODUCTION
4 Lectures 11:47
+
Straight line Channels
3 Lectures 20:19
How to draw Forex trading channels
08:03

Basic trading rules for forex channel trading
05:01

Stops and Targets when channel trading
07:15

Channel trading rules
1 question
+
The Channel trading MT4 indicator
2 Lectures 05:47
Using the Channel Surfer Indicator
05:25

The Free Channel Surfer MT4 indicator is in the zip file attached to this lecture.

Once unzipped paste it into your MT4 platform by selecting File in the main menu, Then  "Open Data Folder", Then "MQL4", Then "indicators" and past it into this directory.

You will then need to refresh your MT4 Platform - the best way to do this is to close and open it again.

HOPE YOU ENJOY THIS INDICATOR

Please note this is a free indicator sourced from the internet so I can not offer any technical support

Download your free MT4 Channel trading indicator here
00:22
+
Supplementary information about Channel trading
3 Lectures 23:29
Advanced Channel trading perspectives
11:08

Channel trading chart setups
02:43

Trading errors made when trading Forex channels and how to avoid them
09:38
+
Student Trades
1 Lecture 01:43
Add your own trades here
01:43
+
Close
2 Lectures 01:14
Course close
00:51

Additional Forex trading resources
00:23
About the Instructor
Alex du Plooy
4.4 Average rating
1,180 Reviews
4,651 Students
7 Courses
MBA & Chartered Accountant. Forex Educator at Expert4x

Retired early after a corporate career during which positions of Financial Director and Chief Operation Officer were held in multinational Pharmaceutical and medical multinational companies. Before this I accumulated financial Honours and Masters Degrees and qualified as a Chartered Accountant.

I have been trading the Forex Market and teaching Forex techniques for the last 12 years. I have developed a number of unusual and creative Forex trading techniques and tools over those years and I am constantly finding ways of helping Forex traders achieve success.

Over the years over 10 000 students have completed online courses relating to Forex trading which I have supported, presented or created. Many of these courses will be and are available on Udemy