Forex Blog

This article and two associated videos are designed to pull together various resources from all over the Forexearlywarning website that discuss trade entries into one place. Our website has lots of guidance on trade entries and we will refer to them in this document and video. Many traders are happy with the Forexearlywarning trading system and making lots of pips now. But some traders using our trading system are still making less pips and missing a few criteria for better trade entries. This article and associated videos should clear everything up, so their pip totals improve. We will strongly suggest that you use the Metatrader profiles to set up your charts by individual currency to have a strong positive impact on your trades. The videos at the bottom of this article will show you exactly how to set up the profiles.

Our trading system works fine for most traders as is, but some people are still unable to maximize their pip gains. One person might make 200-300 pips or more in a week and some might make very few pips at all in the same week. Remember the end user is the biggest variable in our trading system. We are trying to even out the performance of all traders with these videos. We will use JPY weakness as our example trade entry below. But the principles outlined here are exactly the same for all 8 currencies we trade, up to 28 pairs. If the JPY is weakening you might get a push alert on your desktop browser, mobile device, our scanner system, or audible price alert from your trading platform. All of our alert systems are outlined in Lesson 16 of our 35 forex lessons.

Trade Entry Example

After you get the alert on the JPY pairs, the next step is to open up your charts on the Metatrader profiles viewing all of the JPY pairs charts on the smaller time frames, like the M5, M15, or M30. The smaller time frames feed the larger time frames.

If The Forex Heatmap® indicates that the JPY is weakening on all pairs and looks consistent, you have a potential entry point for a buy on any or all of the JPY pairs. You should be able to see all 7 of the JPY pairs on one screen side by side to match the heatmap:

This is a view of all of the JPY pairs on the M15 time frame. The reason you set up the Metatrader Profiles on the smaller time frames is so the smaller time frames on your screen match the heatmap configurations for consistency. You can look at all 7 JPY pairs at once on the smaller time frames on one screen. This is a very powerful trading system. On this particular day the JPY pairs had a combined movement of 800-900 pips, in just one trading session and movement cycle. Traders can also set up the charts this way on other charting platforms like web-based forex charting platforms. This is a fantastic way for forex traders to set up their charts to monitor trade entries for 8 currencies and 28 pairs for maximum profitability and visibility.

If a trader decides to buy the EUR/JPY based on the JPY weakness, there are two possible outcomes. Possible Trade Outcome Number 1: The trade stalls and goes nowhere bouncing around, + or minus 10 pips, you must exit the trade within about 30 minutes. See our 30-minute rule in Lesson 29 of our 35 forex lessons. This lesson is titled: Forex Money Management.

Possible Outcome Number 2: This is a more likely outcome since the JPY pairs have so much momentum. The EUR/JPY buy trade continues up into strong positive pips. The trader would then move their stop to breakeven and start to scale out lots (see Lesson 29 again) for various scaling out procedures.

Now Check The Higher Time Frames

You are now in a buy trade on EUR/JPY. Next decision is to check the higher time frames on the EUR pairs and JPY pairs to see the if EUR is strong and/or the JPY is weak to see if you are in a trend trade or shorter-term trade. This only takes a few seconds to check with the Metatrader profiles.

Simply click on the Hotkeys on your keyboard to move the profiles to the EUR and JPY pairs on the D1 time frame. If the all of the EUR or JPY pairs are trending up on the higher time frames, then you can hold the trade and start looking for price targets. Very simple but usually ignored by most traders.

Ctrl F5 and Shift F5 keys can be used to navigate 7 charts at a time, or use the Metatrader profiles dropdown menu. Review the larger time frames, then a decision can be made to hold any remaining EUR/JPY lots for additional trend-based pips.

Traders who would like to analyze the forex market like a professional can also use the higher time frames to do this. Just fill out our forex market analysis spreadsheet for the 8 major currencies every day on the higher time frames, like the H4, D1 and W1 time frames. The Metatrader profiles will facilitate the analysis. If you do this you will always know what pairs are trending and what currencies are strong, weak, or choppy.

Videos On How To Set Up The Charts

To set up charts by individual currency on any time frame using the Metatrader profiles we have this basic video on how to do this. We also have 2 videos titled “Fine Tuning Your Forex Trade Entries” in our Youtube library. These videos will expand the discussion and show you step by step how to set up the Metatrader profiles, and their importance to your trade entries and individual currency or overall market analysis technique. Become an expert on these chart setups and navigating 7 pairs at a time quick to supercharge your forex trading.

Forex traders can obtain live trading capital and funded trading accounts from third party providers. Thousands of traders are receiving funding for their trading account every year from the various capital providers. Any forex trader who has a great trading system and is competent, skilled and profitable, but lacks the funds to trade live should investigate these funding companies.

This article will provide lots of details on what programs are available to get forex account funding. We will also present a low drawdown, profitable trading system to use with the capital and funding providers. Traders can earn strong commissions, like 80% or more, to be paid for their trading skills using these funded accounts.

Companies That Provide Live Trading Capital

Several companies provide live trading capital for forex traders. Here is a partial list:  Alpha Capital Group, Audacity, Blue Guardian Capital, Blufx, Enfoid, E8funding, FTMO, Fundisus, Fundednext, Fidelcrest, FTUK, Kickstarttrading, Lux Trading Firm, Myforexfunds, Skilledmarkets, Thefundedtraderprogram, Traderscentralfund, Trueforexfunds, Scandinavian Markets, Surgetrader, the5ers, Theproptrading, and Toptiertrader. We also found a handful of forex brokers who have capital referral programs. We present this list as our “partially vetted” list of capital providers.

There are also private entities and individuals on places like Linkedin that advertise funding available for forex traders. Some of these capital providers have been in business for several years. You can supplement this list with some Google searches for “forex funding” or “funded forex account”, or “forex prop trading”.

How Much Money Is Available For My Funded Forex Account

Traders who qualify are eligible to receive up to $10,000,000 or more USD in buying power, including leverage, from many of the available capital provider programs. Example, a funding company might offer a trader a $5,000 account with 100:1 leverage, which is $500,000 USD in buying power. Some companies will fund traders in Euros or some other currency other than US Dollars. Be sure to ask what leverage is being used from the providers.

If you start with a small amount of capital, you can easily qualify for much more funding quickly just by increasing your account balance by a small amount, like 10%. Each forex funding provider has their own guidelines for starting balances, leverage and qualifying for more money.

Tip >> if you want more funding for your forex trading account, then open two accounts with two different capital providers.

Fees For Obtaining Forex Funding

If you are seeking funding for your forex trading account, check the fee structure. Some forex funding and capital providers do not charge any fee at all, but the profit split percentages for the trader are much lower like 50/50. Some funding providers charge one time up front fees or monthly fees. In some cases the fees are 100% refundable out of the trading profits. This is a wide range of possibilities. We consider most of the fees to be reasonable, since the funding providers are covering any trading losses for the end user.

When evaluating a forex funding provider, we would question each provider if the trading platform they provide has institutional spreads or direct access spreads. Inquire if the brokerage platform they provide is also a profit center for their introducing broker operation. Most funding providers likely also make money off of each trade as an introducing broker. Don’t pay for high spreads on top of the fees they charge. Also ask if the underlying broker guarantees the stops or get their stop order policies in writing, some of the capital providers can be very vague with this request.

How Do I Get A Funded Forex Trading Account

Each capital and funding provider has a qualification program to obtain funding. The rules vary quite a bit and some funding companies have “instant funding” programs. Each qualification program has a demonstration or qualification period to obtain the funding. It can be a one or two step process. During the qualification period you must abide by the capital provider’s rules like profit targets, position size, daily and weekly total loss or drawdown limits, maximum number of positions open and position size, etc. Each capital and funding provider has their rules and guidelines are they in writing, so read them carefully. If you break the rules you might be liable for paying more fees to restart the process to get more funding. The demonstration period can vary from one month to several months to hit the profit targets. All of the providers we found cover all trading losses up to the specified loss limits. Don’t be intimidated by the funding qualification process, under some programs you can qualify for funding in as little as one day with just 2 or 3 positive trades. Some funding programes pay you a small amount like15% of profit, during the qualification process.

Important Tip >> You can access much more capital quickly. Some capital providers will increase the amount of capital they make available to a trader for trading profitably. Some capital providers will double the amount of capital you can access for increasing your account balance by only 10%, which is a modest amount of profit. For example, if you get a $5,000 funded trading account (100: 1 leverage $500,000) and you increase the account to $5,500 with positive trades, capital providers will double the capital to $1,000,000 from $500,000.

We view this as quite generous, since this can be done with just one swing trade on the H4 time frame or larger time frame. One of the latest trends that the capital providers are using is “instant funding” with almost no qualifying, however the profit split is usually lower like 50/50 or 60/40.

More Criteria For Selecting A Live Trading Capital And Funding Provider

Here are some more criteria for helping to select the best funded forex trading program. Profit splits range from 50/50 to 80/20, with the traders keeping 80%. 50% seems pretty low for a profit split, in our opinion. Profits can be withdrawn via bank wire and in some cases, Paypal, Deel, etc. Transfer fees may apply to small withdrawals. Withdrawals are usually available at the end of the month or bi-weekly. Some have instant withdrawal the next day.

All of the forex capital providers have drawdown limits. The drawdown is usually measured as the amount of loss of capital from the previous and most recent high balance. Drawdown limits can be weekly or monthly, and range from between 5% and 10% of the high balance, which is a very wide variation. Continue reading this article and we can show you a trading system that can be used that has very little drawdown on each trade entry.

When selecting a live trading capital provider make sure they show you a list of the available pairs that you can trade with their brokerage platform. We recommend checking their offerings against the 28 most actively traded pairs, which are combinations of the 8 most frequently traded currencies. The USD, CAD, EUR, CHF, GBP, JPY, AUD and NZD are the 8 most frequently traded currencies.

Some capital providers only allow trading on 22 or 24 of these pairs, some providers allow the full 28 pairs. Some providers offer a choice of a lot of pairs to trade, but these pairs are outside the 8 most frequently traded currencies. These spreads on these pairs are very high and should not be traded inside of these programs.

Traders should inquire as to what trading platform is offered by the capital provider that you are evaluating. If all of your trading experience is on Metatrader 4, but the capital provider may not offer that platform. If you are seeking their capital might have to download the platform they offer for executing trades and managing the account, so make sure you ask this important question. Being experienced using a new platform is very important before applying for funding. Any new platform should be demo traded so you are familiar with the features and functionality.

Some capital providers offer expensive training programs, costing thousands of dollars up front, before you can qualify for capital. We would avoid these capital providers all together. Forexearlywarning can provide a complete training program, our 35 illustrated forex lessons, to teach you everything you need to know about our complete, profitable trading system.

Most of the forex capital providers we reviewed were offering 100:1 leverage. If you are used to trading at 50:1 or some other leverage rate, remember to keep this in mind as it will affect your margin balances on each trade.

Some capital providers do not let you hold trades over the weekend, or even overnight. As long as their stops are guaranteed, the capital providers need to fix this. It makes it impossible to use a forex trading style like swing trading on the H4 time frame, which is where the pips are at. This restriction also prevents any trend-based trading on the higher time frames. Avoid forex funding providers with these types of restrictions that basically force you to day trade. Some capital providers offer a free trial, which is excellent.

Live Trading Capital: Funded Forex Account, Forex Funding

Finding Out More Information and Ratings For Funding Providers

Many funding providers have a social media presence where you can fairly easily monitor the “chatter” from clients using their funding services. We counted 9 different funding providers with over 1000 facebook followers and 15 different funding providers with twitter feeds.  We see some value in reviewing these social media feeds as part of the vetting process.

Many of the funding providers have ratings on websites like Trustpilot. You can do a custom google search to get high rated funding providers. Using the google site command you can search

site: trustpilot.com forex funding
site: trustpilot.com forex prop

For example, to find high rated funding companies. The trustpilot website also has a built in search engine.

Ask Lots Of Questions !

Use the information below to ask questions of any funding provider.

Basic Questions:  What are your fees? Monthly fees, one-time fee, refundable fees? Maximum daily drawdown, maximum total drawdown, payout %, MT4 platform, leverage, profit % target, time period to get profit target. What is your stop order policy, do you guarantee stop executions (get written policy). Other Questions: How long have you been in business or when did you commence business operations? How many traders have you funded? Do you post quarterly or annual statistics about how much you pay out annually or quarterly? If so, please forward most recent statement. Can you send me links to your Facebook and Twitter pages, are you on Trustpilot? Do your traders trade out of a demo account or actual live funded accounts? There are a lot of funding companies in the space, what makes you unique? What leverage do you offer? Do you have the Metatrader (MT4) platform and charting system available?  Be careful with companies that want payment via cryptocurrency and have no Trustpilot or social media pages, possible scam?

Trader Profile For Live Trading Capital And Forex Funding

If you are a forex trader, and would like to have access to third party live trading capital, here are some characteristics we think you should have: Ideally, you should have a trading system that you like a lot, and is effective at making pips. Second of all you should have already set up a demo account and be demo trading the system you like, with at least some level success. With those two criteria in place you should start reviewing the funded forex account providers and look for a provider that fits your needs. If you are a rookie forex trader with little experience, you should avoid all live trading capital provider programs, you are not ready yet.

As far as trading systems we believe you should have a rules based trading system, like the Forexearlywarning trading system. If you can consistently make positive pips when you use it, week after week, you should be ready to apply for funding.

Regardless of the trading system you select, you must like your trading system and understand it well via demo trading or possibly micro lot trading. You must be skilled at entering trades and managing trades with stops and scaling out lots. Forexearlywarning offer thorough market analysis, more exact trade entry points across 28 pairs, and very little drawdown on trade entries. The low drawdown will comply with most capital and funding programs.

Trading System To Use With Your Funded Forex Trading Account

If you are a trader who is seeking capital, and you need a profitable trading system with a low drawdown, we invite traders to check out the Forexearlywarning trading system. You can demo trade our trading system and get consistent trades prior to applying for forex funding.

Forexearlywarning provides daily trading plans for 28 pairs, and we focus on the higher time frames and trends, H4 and larger. The higher time frames will get you more pips and profits than scalping the same pairs over and over with technical indicators. Forexearlywarning also has professional alert systems and an excellent trade entry management system, The Forex Heatmap ® forex heatmap. The heatmap will assist with low drawdown trade entry points that satisfy most of the capital providers rules and guidelines.

An example trade signal for the GBP pairs on the heatmap is shown below, consistent, clear signals like this for trading are powerful and traders will have very little drawdown on trade entries, as to fully comply with the drawdown rules from most capital providers. Also, the GBP pairs are volatile and the total movement cycle was about 125 pips on the trade below. Strong results for any forex trader. This system works for the GBP pairs and a total of 28 pairs.

Live Trading Capital, Funded Forex Account

Funded Forex Account, Forex Funding

By offering 28 pairs, the Forexearlywarning trading system matches or exceeds the most actively traded and most liquid pairs in most capital provider programs. The heatmap system will provide traders with much lower drawdown on trade entry points so almost any capital program can be used.  With the Forexearlywarning trading system, you can easily make 10% on your account balance on one swing trade based on the H4 time frame. This will qualify you for more capital on some of the funded forex account.

Other advantages of using the Forexearlywarning trading system are that is can be easily demo traded. You must understand and like your trading system and enjoy using it before you apply for any third party funded account.

Conclusions about live trading capital programs: A large amount of capital is available to forex traders to fund their live accounts, and we predict that even more capital providers will be available going forward. The industry is growing. Any program that offers a fully funded forex trading account, that also covers your trading losses sound like a great offer.

Traders who have no capital or just a small amount of capital, who are skilled at making positive trades, should evaluate these funded forex account providers. Traders should remember that the trading rules vary between providers, so read each capital providers’ rules carefully, get everything in writing, like the fee structure and drawdown limits.

Finally, make sure you have a trading system that you believe in that is effective at making pips. We have a logical trading system at Forexearlywarning.  With a trading system like Forexearlywarning plus third party funding, a forex trading business is possible for very little cost to the end user/trader.

Our forex mobile app is ready for download.  This unique forex mobile app will send traders an immediate push notification to their Ios or Android device when the forex market starts a new, consistent movement across any of the 8 currencies we follow. This includes the USD, CAD, EUR, GBP, CHF, JPY, AUD and NZD. A total of 28 pairs.

The app scans the market every 5 minutes for consistent readings on the currencies. When the reading are sonsistent on one currency, the push alert notifications are sent. It is the only app of its kind available to forex traders. All push alerts that are send have a local date and time stamp. The app works on a large number of iOs and Android mobile devices, like Iphone, Ipad, Apple Watch and Samsung phones.

Forex traders can now be notified during almost any trading situation when strong, consistent movements are starting in the forex market across 8 currencies. Push alerts are sent for all possible situations, like price breakouts, news calendar related movements, unexpected news or world events, reversals, trend based trades, intraday day trades, and swing trade entry points. You be notified via push alert in all situations, many times before news is disseminated.

App Download And Set Up Instructions

To download the mobile app you must first setup an account at pushed, with a username (email) and password.

Pushed

Then download the app using the download links to either your Android or iOS device. Then email us at our admin@ email box and we will send you the further instructions as to how to set up our “Forexearlywarning Market Scanner” channel. Once installed, the app will be a yellow icon on your mobile device screen. See the image below. After you download the app tap on the upper right icon. Search for “Forexearlywarning Market Scanner”. Make sure you are subscribed to the market scanner feed on the “subscriptions tab”. The subscriptions can be accessed on the upper left menu, which is three horizontal bars. The whole process to download and subscribe takes under 10 minutes.

App User Functionality and Tips

App users can compare the push alert notifications they receive to our desktop forex market scanner to make sure the app is functioning correctly. Expect about 20-25 push alerts per week. Our forex mobile app can be turned off for 24 hours using the do not disturb button.

App Customization With Your Phone settings – On most phones, additional customization is possible. Tap on the “settings” icon or “settings” menu in your phone. End users of the app can adjust the general settings on their phone so that the “do not disturb” settings can customized. This way, your phone will not vibrate or ring during those times of day that you designate.

Also, when you get a push alert, set your phone to vibrate and/or ring. On most phones you can go into the “settings” menu again to customize the type of audio, ringtones, and/or vibration you get with each push alert. Audio can be also distributed to a remote speaker if app users enable the blue tooth feature. Consult the documentation for your phone to see what options are available.

This is what the app notifications will look like on your phone or mobile device.

Forex Mobile App Screen

You will see the date and time stamp in local time, and the most recent notifications for what currencies are strong or weak.

What To Do When You Get A Push Alert

Our forex mobile app will alert traders when to check the market conditions. When you get a push alert, login to the Forexearlywarning.com website and check the market conditions to see if the conditions are right for a trade.  Check the signals from The Forex Heatmap® , the trends on the higher time frames, and support and resistance levels, depending on the direction of the trade. Our trading plans will also be of great help in considering any trade, because you will know what pairs are in identified to be in clear trends.

Example: Look at the  push alerts in the image above. If the app send a push alert that indicates CHF (Swiss Franc) weakness,  as a trader you know that pairs like the CHF/JPY might be dropping or the EUR/CHF and USD/CHF might be rising. Also, since the NZD strength push alert was also sent, the NZD/CHF might be moving up strong and also be a buy candidate. Then check the heatmap signals and market trends on these pairs to verify your trade entry. You would use the same procedurefor all 8 currencies and 28 pairs we follow.

Forex Mobile App CHF Weakness

Forex Mobile App NZD/CHF Price Movement

A Unique Forex Mobile App

When searching the web for a unique forex mobile app, traders find that almost all of the apps they see are built by brokers. So the app features might include a quote screen, some basic charts, and a buy and sell button for trade execution. This is fine, but if you don’t know what pair to trade and in which direction you will wind up with a losing trade. Executing trades from a mobile app is worthless unless you know what pair to trade and in which direction. Our app is the best forex mobile app for traders because it directs traders where to look for pairs that are starting new and consistent movements. Our forex mobile app will be widely recognized as one of the top apps available to forex traders to notify then of consistent market movemets and volatility.

Desktop Push Alerts App

If you like these mobile app push alerts you can have the same alerts sent to your desktop computer or laptop web browser. You can set these push alerts up for the Chrome, Firefox or Safari browsers also. Here is the setup guide and information for the desktop push alerts. All of our professional alert systems like news calendar alerts, push alerts and audible price alerts are listed in Lesson 16 of our 35 forex lessons.  Always know when the forex market is moving !

Forexearlywarning has a real time forex scanner that scans the market and signals from The Forex Heatmap® every 5 minutes for new movements. The scanner works continuously at 5 minute intervals during all forex market hours. The scanner uses currency strength to screen 8 currencies, 28 pairs, for new and consistent movement cycles. When a new currency movement is detected in the market, the scanner gives the end user a flashing desktop notification in your web browser.

When the scanner alerts start flashing on your desktop, you can check the market condition and decide if the buy or sell trade is warranted. The built-in flashing desktop alert system is visible in your web browser.  Use of the real time scanner will result in currency traders being able to catch new movements backed by consistent currency strength or weakness. This forex scanner system requires no programming and is ready use after you login to our website.

Forex Scanner

Here is what the forex scanner tool looks like. This forex screener/analyzer software has a simple display and user interface, and price movement creates the scanner signals. When the scanner finds a new, consistent movement starting, it produces a flashing desktop browser tab notification like the image shown below. The browser tab notifications work on your web browser and produce a flashing red signal when new, consistent currency strength or weakness is found. Each scan signal is documented with a time and date stamp.

Forex Scanner Browser Tab Notification

Example Use of The Forex Scanner

In the example above, consistent Australian Dollar (AUD) weakness was detected at 620 GMT. The AUD pairs had consistent weakness after that for about 12 hours from the Asian session into the main session. Pairs like the AUD/CHF and EUR/AUD both moved on this basis with similar chart characteristics.

Forex Scanner AUD Weakness

Forex Scanner EUR/AUD Chart

When the scanner first detected the AUD weakness  movement starting, the percentages on The Forex Heatmap® were low at 0.20%, but consistent, at the beginning of the movement. Then the AUD weakness  continued through both forex trading sessions, including the Asian trading session and the main trading session. These are the best times to trade the forex market. The movement was finally exahusted after the main session. This type of movement of well over 100 pips allows traders to enter the trade, set stops to break even, and scale out any profitable lots. Traders can then continue to monitor the trade for more upside if they are trading in the direction of the major trends on the H4 time frame or larger.

Why Would A Trader Use A Forex Scanner

Most forex traders are lost. They trade the same pairs over and over, scalping on the smaller time frames with technical indicators. If a trader could have a tool like a forex scanner to scan 28 currency pairs and point them to the best opportunities in the market with timely real-time notifications, the success rate would rise. They would be able to use this tool daily and have a chance to make substantially more pips.

We have seen several forex market scanners or market analyzers, and we believe that this is the best forex scanner available. This is because this scanner is based on parallel and inverse analysis and currency strength trading principles, which are proven, tried and true. Forex traders now know this, and they also know that technical indicators are ineffective. Our forex scanner software is built in to our website and runs all of the time during forex market hours. The Forex Heatmap® live currency strength meter also has fully redundant backup systems. There is absolutely no programming needed by the end user.

Our forex scanner tool works for 8 currencies, 28 pairs total.  It scans the USD, CAD, EUR, CHF, GBP, JPY, AUD and NZD pairs for new movements. These are the 8 most actively traded and most liquid currencies..

Besides a Forex Scanner, What Other Tools Do Traders Need

Along with a real time forex scanner, traders need a simple set of trend indicators so they can know the direction of the major trends on the pair they are considering trading. See the image of our trend indicators above. Traders also need one or more alert systems to complete their trading system. We offer all of these tools at Forexearlywarning, along with the forex market scanner.

If you are a forex trader and are looking for a real time forex market scanner that points you towards new movements in the market, the scanner/heatmap combination should work well. Precision trading and real time scanning of the forex market is now possible. Check out our forex market scanner tool as part of your Forexearlywarning.com subscription.

Here is our free forex audio book and training library for all forex traders and our clients to listen to online on their computer or mobile device or download for free. This audio book is in MP3 format. We have two audio books, the first book is the audio book version of our beginners course, this is 13 audios.

The next group of audios is our 35 forex lessons. Reviewing these audios has been known to improve the learning curve and make it easier for traders to understand our daily trading plans, live trading signals, money management, and all of the details related to our complete trading system. These MP3s are like an audio book that is read back to you in unabridged CD quality 128 kbps

We have illustrated articles to accompany each audio, click on these links to see the forex trading course for beginners and our forex lessons illustrated articles. Beacuse our illustrated articles are such high quality, we feel like this is the best forex trading audio book available.

Traders can follow along and view the written text and images while listening to the audio. The content of the beginners course and lessons is the same as the written articles, our online videos, and audios, but the audio library is presented for traders who prefer the audio format. Listeners can click on the 3 Dot menu on each audio to download to your computer.

Beginner Lessons

35 Lessons