How Our Live Trade Room Teaches You To Be Profitable
Live day trading room
Don’t be mistaken if a live trade room does not take live trades, it is not a live trade room! We’ve been running our profitable live trade room since 2013. In that time we’ve taken thousands of live day and swing trades on index and forex markets and have taught thousands of aspiring traders how to trade consistently.
We run a live trade room for two reasons: We are traders. We are traders who teach, but trading is the primary way we make our living. We need you to have confidence in our trading skills and experience and know that we are the real deal. Far too many trading educators will sell courses and theory but never actually show you the strategies they teach in action. If it’s good enough to teach, it’s good enough to demonstrate.
The second reason is that this is the best way for you to learn how to trade profitably. We teach you the theory, the strategies, the planning and the trading discipline you need to succeed. What then locks this in, so you can do the same, is us demonstrating the strategies, the planning and trading discipline live. Theory followed by action. Action you can follow because all our forex and index trades are taken live and in advance. You will gain confidence when you see what we teach working. There is never any ‘hindsight trading’ where we will tell you where you ‘should and could’ have got long or short.
What is the live trade room schedule and how does it work
The Live Trade Room is a live webinar run via GoToWebinar. A new webinar is created each day, members can access the webinar via a link available in the Member Zone. GoToWebinar works on all desktop computers and mobile phones. There is also a Live Trade Room member chat window accessed via the Member Zone. This is so members can discuss the Live Trade Room trades with the professional session trader and the other members. Members also discuss their own trading ideas here.
The webinar schedule is run on London Time and is scheduled for every weekday unless the UK or the US has a bank holiday. The Live Trade Room webinar does not run on weekends.
The Live Trade Room webinar starts at 7:50 each morning and stays open all day. Each day we have two interactive trading sessions. One of our professional traders, Simon, Mark or Michael will open the webinar and will hold the first interactive live trading and trade planning session of the day. The second interactive trading session usually starts at 14:20 to coincide with the opening of the US markets (14:30).
Each interactive session will last for approximately an hour and in this time we will assess a number of markets, primarily index or forex markets, plan and set trades and discuss these trades and other trade ideas with the members in the webinar. All trades are planned in advance live in the webinar and the trade entry levels, stops and targets are immediately published to our private members’ only Live Trade Room Telegram group.
The length of the interactive session is at the discretion of the lead trader and often may continue significantly longer than an hour if there are trades to manage and/or there are relevant trading issues or member learning questions to discuss.
When the interactive session ends the webinar continues and we keep an eye on the markets and any live trades or orders we may have on. We may during these times change or manage a trade and the changes will be immediately published to our private members’ only Live Trade Room Telegram group.
Any changes to the Live Trade Room schedule are notified to members via our private members’ only Live Trade Room Telegram group.
Members can decide to attend the webinar at any time that suits them and can re-enter the webinar throughout the day. Many members, especially those whom have been with us many years, just follow our trades on our private members’ only Telegram group.
Watch live Forex trading
So what do we trade? We look to trade indices, Forex, oil gold and some stocks / equities. This broad range gives us constant opportunities to trade on all time frames and teach you both day trading and longer-term swing trading. This allows us to provide education and live trades to people who are in different circumstances with their personal and working lives. From people who are able to sit at computer screens and scalp, to people who need trades sent to their mobile phones who work 9-5, to those who have retired. We have designed our services to have a range to suit all circumstances.
Free live trading room
You can access our trading services for free. It works like this. You need a broker to trade with. We work with several of the world’s top brokers who are all highly regulated and used by us on a regular basis. If you decide to trade with them, or use one of them to trade alongside your existing broker, we can give you access to our trade room and everything else.
You keep all your money to trade, you learn how to trade. The perfect arrangement. We also work with brokers outside of ESMA for those looking for higher leverage.
You can find the list of brokers we work with by clicking here.
A live trade room for all experience levels
Trading help and support
Why learn to trade with us?
The main reason is because we probably started out where you are today and are now where you want to be with your trading. Simon’s (who you may have seen on our YouTube channel) journey is one which you will likely be able to relate to.
Simon watched the news one day whilst the financial section was on; “The FTSE is up 25 points and the Dow Jones has opened up around 0.8% above yesterday’s close.” He wondered what this meant, which resulted in him ordering the Financial Times Guide To Investment (no messing about there!). When reading it he found a section on spreadbetting / CFDs. This led to him to open his first trading account in 2011 whilst working a full-time job. He started trading stocks / equities within the FTSE 250.
The trades Simon took were longer-term swing / breakout trades that typically lasted for days and weeks. Ideal timeframes for someone who was learning. He was even making money – ‘Trading is easy’, he thought. He then started working shifts so was able to try this thing that everyone was talking about online called ‘day trading’. Day trading provided him with some quick hard trading lessons. He ran losses, cut winners, over-traded, under-traded, experienced fear and greed, over-leveraged and committed every other trading sin ever committed.
Now there are three choices when faced with this situation:
Lose more money.
Learn to win.
Every trader we’ve ever met and worked with has made these errors. Every trader who eventually achieves consistent profitability has made these errors. We believe every trader needs to make these errors to avoid repeating them.
Fortunately, Simon decided he wanted number 3. He wanted to learn how to win. This took a lot of hard work, but a lot of that was wasted energy and effort. The typical response from an aspiring trader is to try out different strategies and systems. Searching for the ‘holy grail’. This leads to more frustration and annoyance. Simon was no different. He tried out lots of different systems which failed. It wasn’t until he realised it was his trading psychology that was lacking. His discipline. His inability to cut losses and run winners. It was when he understood this things came together and he started to succeed.
Simon’s future consisted of learning how to control his trading emotions, cutting his losses and running his winners. His growing trading confidence (and growing trading account!) enabled him to generate a second income stream. This followed by going part-time at his job, to eventually leaving his job and becoming a full-time trader.
This is the route most who want to trade want to take. The reason why the Trade Room Plus team is so valuable to aspiring traders is that they all have taken this route. From someone first thinking about trading, through to becoming full-time professionals. We’ve been in the position of the complete beginner. We know the frustrations and what it’s like to make expensive errors. Most importantly we went through the process of becoming consistently profitable, and the equally important process of remaining so.
What to find out more?
Our Top Five Trading Education Blog Pieces
Learning to trade, trading courses, it’s all a bit of a nightmare, right? How many courses are there out there? About 5 million the last time I counted…
How do you decide how you go about learning to trade and what (if any) trading courses you take?
In this article I’m going to talk you through what you need to be looking out for and what you should be avoiding when seeking your trading education.
Our inbox is always full of inquiries wanting to know what are the best trading strategies and roughly two thirds of these inquiries will mention one of the 3 P’s. These aren’t the famous marketing 3 Ps – Promotion, Position and Price, the 3 P’s we always get asked about are Pips, Points and Profit.
People bang on about price action trading a lot. The reality is very few people actually understand what it is. What’s even worse is a lot of those who claim to teach it only have a partial understanding. There are more facets to understanding price action that most people don’t know and are never taught.
The DAX 30 is the premier index of the German stock market – the Frankfurt Stock Exchange. The index is the amalgamated stock prices of the top 30 companies and includes big, world-renowned brands you will have heard of such as BMW, Allianz and Adidas. On spread bet and CFD brokers the Dax may be also be called Germany 30.
Right then, the top 10 trading tips!
At Trade Room Plus, each of us has come through a trading knowledge journey. We’ve come from knowing nothing, through failure and loss and on to consistent profitability and running a live trade room. Our personal trading journeys have informed our teaching and mentoring of thousands of traders. In this article, we list our top 10 trading tips to help you succeed like us.
Want to know how we can help you?
Is trading forex, index CFD and spread bet trading right for you? Can trading provide you with a good income? Can you trade part time? How can you become profitable?