Some of you requested additional information on the features and function of LiveConnect. So, over the past week, we’ve been busy putting together a very comprehensive tour of LiveConnect.

This tour contains….

1. A video tour of the various components of LiveConnect
2. A Sample Strategy Tutorial
3. A Sample Daily Pre-London Analysis
4. A Sample Weekly Trade Summary Video
5. A Sample LiveTrade Video

We hope this information will give you a feel for how LiveConnect works and how it can be beneficial to your Forex training.

Thank you for your attention,

Vic and Jarratt.
Forexmentor.com

Often traders feel like the market is going against them on every trade. As if there is some force behind the market that reverses price action once you take a trade.

A great thing about the Forex market is that it has such great liquidity, meaning that price action cannot be control by a small number of traders, allowing much more trading to be carried out based purely on technical analysis, as opposed to shares where it’s largely based on news, or fundamental analysis.

But while it is important to suppress those emotions that lead to bad trading decisions, system chasing and consistent losses not consistent profits, it is also true that sometimes you need to trust your instinct.

Trust your instinct. Pic: Joe Nangle

Many new Forex traders don’t know where to start when they look at a price chart. Once this hurdle has been overcome through taking one of the many Forex trading courses out there, a certain ’sixth sense’ will develop about the markets. You’ll start to develop a ‘feeling’ about where price action is likely to go, or whether particular levels of support or resistance are likely to hold.

This is an important aspect of trading and is built up based on your experiences of watching price action. You will find that you will learn to spot, more quickly, previous levels of support and resistance and will make decisions about taking trades that you previously wouldn’t have been aware of.

It’s only with practice that this ‘higher level’ of understanding of price action on the currency pairings comes about and it’s useful if you’re able to get a better understanding by trading alongside others using the same or similar trading styles.

You can view the free Forex webinar at the LiveConnect web site.

Last week I interviewed an LC member, Darren Davidse, and this interview should give you a bit of an idea as to the kinds of changes that many people are seeing by staying focused on a solid trading plan, which is what we try to help people do with the LC/CC services.  Listen to the short interview online now.

As mentioned, we’ll also be joined by a special guest, Rob Pampling in the webinar, who will give you specific information about the performance of a fund that he is involved with that trades using the basic trading methodology that is shown in the LiveConnect service.

We’ll also be providing you an update of a real account that is run by one of the LiveConnect’s moderators – Chris Mathis, who watches for nothing but MACD divergence trades for the LC members.

Complete details and free webinar registration information can be found on the LiveConnect web site.

There will be a Q&A session following the webinar.

Thanks to all of you, and we hope to see you at our free webinar this Saturday, September 19th at 11 AM Eastern Time.

Vic Noble, Jarratt Davis
Forexmentor.com

Pic: Alosh Bennett

This simple fact – that 95% of traders fail – has lasted well over the years, despite even more sophisticated tools emerging. There are countless Forex bots around that claim to win every time, numerous systems that guarantee profits. Yet still most traders take the wrong turn and lose it all.

To a certain extent Forex is simply logical. You can apply technical analysis approaches and come up with a straight forward, logical answer to the common question, “when should I buy or sell?” There are those that don’t use a logical approach to trading and lose but far more traders let their feelings influence their trades. It’s human nature.

All Forex traders will always face losses, whatever system, bot or ’secret’ they use. It’s easy to say you’re going to be disciplined about trades, too, but when it comes to crunch time there’s money on the line and no-one likes loosing money. You have to be strong mentally to succeed as a trader.

So how do you get to that point? How do you make yourself disciplined as a trader?

The answer is that you need to learn good risk management and you need to practice consistency. Don’t even think about trading with real money until you have spent a good two months using the same system consistently, without fail. It’s not so much that you need to test the system out, but that you need to prove to yourself that using the same system consistently will bring you the success you desire.

Of course I’m going to tell you that it’s this type of approach that is taught in LiveConnect, but that’s how Jarratt taught me and it worked! If you’re not convinced, check out the webinar this Saturday!

Special guest, and LiveConnect member, Rob Pampling will be going through some of the techniques used in the LiveConnect service and demonstrating some real results that they’ve produced. Rob is a fund manager who works with Jarratt so you are sure to get something useful out of the webinar for your own trading skills. You will also be able to ask questions!

The webinar takes place at 3pm GMT (see when this is in your city) and details are available on the LiveConnect site.

Time: 8:30am GMT
Currency: GBP
Impact: High
Source: National Statistics
Description: The change in the total value of retail sales, adjusted for inflation.

Consumer Inflation Expectations

Time: 8:30am GMT
Currency: GBP
Impact: Medium
Source: Bank of England
Description: The amount that consumers expect prices to change as a percentage.

CBI Industrial Order Expectations

Time: 10:00am GMT
Currency: GBP
Impact: Medium
Source: Confederation of British Industry
Description: A diffusion index level based on a survery of manufacturers.

CPI & Core CPI

Time: 11:00am GMT
Currency: CAD
Impact: High
Source: Statistics Canada
Description: The change in the price of goods and services as purchased by consumers.

Libor Rate

Time: 12:00pm GMT
Currency: CHF
Impact: High
Source: Swiss National Bank
Description: This is the London interest rate for the 3-month Swiss Franc deposits.

SNB Monetary Policy Assessment

Time: 12:00pm GMT
Currency: CHF
Impact: High
Source: Swiss National Bank
Description: The SNB’s decision making about interest rates and clues as to future policy.

Leading Index

Time: 12:30pm GMT
Currency: CAD
Impact: Medium
Source: Statistics Canada
Description: This is the change in the level of a composite index which is based upon 10 economic factors.

Building Permits

Time: 12:30pm GMT
Currency: USD
Impact: High
Source: Census Bureau
Description: The number of new building permits issued in the previous month, represented annually.

Unemployment Claims

Time: 12:30pm GMT
Currency: USD
Impact: High
Source: Department of Labor
Description: The number of individuals who have filed for unemployment insurance during the previous week.

Housing Starts

Time: 12:30pm GMT
Currency: USD
Impact: Medium
Source: Census Bureau
Description: The number of new house builds that have begun construction during the previous month.

Philadelphia Federal Reserve Manufacturing Index

Time: 2:00pm GMT
Currency: USD
Impact: Medium
Source: Federal Reserve Bank of Philadelphia
Description: The level of a diffusion index which is based on a survey of manufacturing companies in Philadelphia.

Time: 8:30am GMT
Currency: GBP
Impact: High
Source: National Statistics
Description: The change in the number of people who claimed unemployment-related benefits during the previous month.

Average Earnings Index

Time: 8:30am GMT
Currency: GBP
Impact: Medium
Source: National Statistics
Description: The change in the cost of labour to businesses and Government.

ZEW Economic Expectations

Time: 9:00am GMT
Currency: CHF
Impact: Medium
Source: ZEW
Description: A diffusion index based on a survey of institutional investors and analysts.

CPI & Core CPI

Time: 9:00am GMT
Currency: EUR
Impact: Medium
Source: Eurostat
Description: The change in the price of goods and services purchased by consumers.

Manufacturing Sales

Time: 12:30pm GMT
Currency: CAD
Impact: Medium
Source: Statistics Canada
Description: The change in the value of sales made by Canadian manufacturers.

CPI & Core CPI

Time: 12:30pm GMT
Currency: USD
Impact: High
Source: Bureau of Labor Statistics
Description: The change in the prices of goods and services purchased by American consumers.

Current Account

Time: 12:30pm GMT
Currency: USD
Impact: Medium
Source: Bureau of Economic Analysis
Description: This is the balance of imports and exports as well as income flows and unilateral transfers.

TIC Long-Term Transfers

Time: 1:00pm GMT
Currency: USD
Impact: High
Source: Department of the Treasury
Description: The difference in value between ‘imported’ and ‘exported’ foreign long-term securities.

Capacity Utilization Rate

Time: 1:15pm GMT
Currency: USD
Impact: Medium
Source: Federal Reserve
Description: The percentage of available resources that are actually being used by mines, utilities and manufacturers.

Industrial Production

Time: 1:15pm GMT
Currency: USD
Impact: Medium
Source: Federal Reserve
Description: Change in the total output, adjusted for inflation, from mines, utilities and manufacturers.

Crude Oil Inventories

Time: 2:30pm GMT
Currency: USD
Impact: Medium
Source: Energy Information Administration
Description: The change in the number of barrels of crude oil that commercial firms are holding in inventory.

Time: 7:15am GMT
Currency: CHF
Impact: Medium
Source: Federal Statistical Office
Description: This is the change in the total value of inflation-adjusted output from mines, manufacturers and utilities.

CPI

Time: 8:30am GMT
Currency: GBP
Impact: High
Source: National Statistics
Description: The Consumer Price Index is the leading indicator of inflation and is used by the British Government as their primary measure.

RPI

Time: 8:30am GMT
Currency: GBP
Impact: Medium
Source: National Statistics
Description: The Retail Price Index is the change in the price of goods and services purchased by consumers and is a significant indicator of economic health.

Inflation Report Hearings

Time: 8:45am GMT
Currency: GBP
Impact: High
Source: Parliament
Description: The Bank of England Governor and members of the Monetary Policy Committee testify to the Treasury Committee on the state of the economy, including direct references to the money markets. These can last a few hours, producing sustained periods of volatility.

German ZEW Economic Sentiment

Time: 9:00am GMT
Currency: EUR
Impact: High
Source: ZEW
Description: A diffusion index based on a survey of German institutional investors and analysts.

Labor Productivity

Time: 12:30pm GMT
Currency: CAD
Impact: Medium
Source: Statistics Canada
Description: The change in the efficiency of labour when producing goods and services.

Core Retail Sales

Time: 12:30pm GMT
Currency: USD
Impact: High
Source: Census Bureau
Description: The change in the total value of retail sales excluding the automotive industry.

Retail Sales

Time: 12:30pm GMT
Currency: USD
Impact: High
Source: Census Bureau
Description: The change in the total value of retail sales.

PPI

Time: 12:30pm GMT
Currency: USD
Impact: High
Source: Department of Labour
Description: The change in price of goods and services sold by their producers. At the same time, Core PPI is released which excludes food and energy.

Empire State Manufacturing Index

Time: 12:30pm GMT
Currency: USD
Impact: Medium
Source: Federal Reserve Bank of New York
Description: A diffusion index based on a survey of manufacturing companies in New York state.

Governing Council Member Murrary Speaks

Time: 1:15pm GMT
Currency: CAD
Impact: Medium
Source: Bank of Canada
Description: Bank of Canada Deputy Governor, John Murray will deliver a speech on the health of Canada’s economy.

Federal Reserve Chairman Bernanke Speaks

Time: 2:00pm GMT
Currency: USD
Impact: High
Source: Federal Reserve
Description: The Chairman of the Federal Reserve Bank, Ben Bernanke will deliver a speech on the economy.

Business Inventories

Time: 2:00pm GMT
Currency: USD
Impact: Medium
Source: Census Bureau
Description: The change in the total value of inventory held by retailers, manufacturers and wholesalers.

Time: 9:00am GMT
Currency: EUR
Impact: Medium
Source: Eurostat
Description: This is the change in the total value of inflation-adjusted output from mines, manufacturers and utilities.

FOMC Member Lacker Speaks

Time: 4:30pm GMT
Currency: USD
Impact: Medium
Source: Federal Reserve Bank of Richmond
Description: President of the Federal Reserval Bank of Richmond, Jeffrey Lacker will give a speech which may include hints on future monetary policy and questions may be taken from the audience also.