A: The Vic Trade (VT) is also known as Pattern #6 in our Recurring Forex Patterns course. It’s short term, day-trading pattern that is designed to capture the momentum of the day. It is a simple setup.The parameters for a setup, which is explained in the VicTrade Course, will increase the odds of success, as well as providing attractive reward/risk ratios.

A: Day traders and those looking for daily trading opportunities, but also longer term traders, as the VT can be used on higher time frame charts as well.

A: The pattern was introduced by Vic Noble in early 2006.

A: It is extremely rare that a day goes by that there isn’t a good VT setup. This is one of the nicest features of this trade, as it allows for ample opportunity throughout the week.

A: You should have a basic knowledge of the forex markets, and of using your charts, including drawing Fibonacci levels. We use candlesticks for charting. The only indicator that’s used is MACD. Everything else is observing price levels!

A: No! In fact I would highly recommend that you do NOT start with a lot of cash! You need to become proficient and prove to yourself that you can maintain consistent profitability before committing more capital to trading. Starting off with a lot of money without really knowing what you’re doing makes absolutely no sense. A lot of brokers allow you to open a “mini” account with just $50, however different brokers will require different amounts, so you’ll need to check with your broker for the exact minimum requirements. But if you can put a few hundred dollars into a micro account, it will allow you the necessary time to go through the learning curve without risking a lot of your hard-earned money.

A: Absolutely not! The VT setup is a simple, relying mostly on price action. The only technical indicator you need is MACD, which is available on any charting platform. You should also have the ability to draw Fibonacci levels, which most software can do.

A: In the course I will show you exactly how to trade this pattern. In addition, I have recorded a lot of actual trade examples so that you can see the setups in action, over and over. But like anything else, you need to simply get started and build “time at the controls”. There is no greater teacher than experience.

A: I am available to answer any questions that come up. Just send me an email, detailing exactly what you require. But quite honestly, if you really want to get going quickly, I know of no better way than to spend a bit of time in the Coach’s Corner service that I provide. I do live webinars twice per week and answer all sorts of questions from members, and I go over emails that have been sent in, as well as cover other aspects of trading – notably psychological issues. The CC is a community of like-minded traders, many of them at a developmental level, but others who have become very good traders that you can observe and use as role models. You can check out more information on the CC here: http://forexmentor.com/coachscorner/