New! Traders Round Table

We are excited to announce the 4Xlounge Traders Round Table. In recent months, our managed account team has been sending Live Trade Alerts and our results have been very positive. From mid Oct (when the managed account members started sending the alerts) they have averaged 81.3% winners with minimal drawdowns. The managed account trade alerts have been very consistent. Adam and I have decided to let our managed account members provide all of our Live Trade Alerts from now on. We have renamed our managed account team to: 4Xlounge Traders Round Table (the "managed account team" label has been confusing some of our new members, so we updated the name and yes, it's also more marketable, lol...)

Our new 4Xlounge Traders Round Table alerts will be more comprehensive, with pre-trade warning alerts to help every member prepare for the pending trade alert and more 'mid-trade' updates to keep the lines of communication flowing. All alerts are sent via SMS, email and Trade Messenger and will include:

1. A "Possible Trade is setting up" alert will be sent. We will include currency pairs when possible, but sometimes the entire market is pushing and were are not sure which pair will set up first.
2. If our "Possible Trade is setting up" alert did NOT include a currency pair(s), we will send out another with a named currency just before entry. This will ensure that everyone has time to catch the trade.
3. We will send out a detailed trade alert (in the same format as we've been using) with exact entry, stop and limit prices.
4. We will send out 'mid-trade' updates as needed and/or if the trade is taking a bit longer than usual. Info like: "move your stop to Break Even", "Target updates", "key price level info on longer trades", etc...
5. Trade conclusion update. Either to close the trade or to report a stop/limit triggered. You will always know when a trade is over.

The Live Trade Alert decision process:

All of our Round Table Members constantly analyze the market and send feedback to our Team Leaders. When 2 or more members come up with the same trade idea, the trade is sent to the entire team for consideration. If "All" of the team members agree on the trade, the Live Trade Alert process will begin. If 1 or more members does not agree with the trade, we move on to the next idea. This process has proven to be extremely effective and completely removes any "impulse trades" from the equation. By following this process, we have been able to maintain consistent results and avoid dozens of bad trades. We will still have losing trades, but the "over-all" result is very favorable.

As Always, we will be logged into our Market Lounge (Live Trading Room) to answer questions and provide real-time trading support. Adam Rosen has expanded his live show to include regularly scheduled market updates, chart analysis, detailed live economic news coverage and much more.


The 4Xlounge.com Traders Round Table Team:

Adam Rosen (Lead Instructor) - 4Xlounge.com co-founder and Former FXCM Lead Power Course Instructor. Adam Rosen is regularly featured on FXstreet.com. He worked on Wall Street for several years before starting 4Xlounge.com with Dan Campbell. Adam spends most of his time hosting our Live Trade Sessions. His live support and real-time market analysis is a critical component to our 4Xlounge system and All Access Pro Membership package. Adam is also the host of our Free Forex JumpStart lessons & our free Forex Wake Up Call (available via our forum).

Dan Campbell (Team Leader) - 4Xlounge.com co-founder and fulltime trader since 2001. Dan worked for a major Forex Broker before starting 4Xlounge.com with Adam Rosen. Dan uses a combination of Market Barometers, PowerBars, X Meter and trendlines to find his trades.

Matt Knolland (2nd Team Leader) - Fulltime Equities and Spot Forex trader since 1998. Matt worked for several brokers on Wall Street before joining the 4Xlounge team. Matt uses a combination of Market Barometers, X Meter and a few custom indicators to find his trades.

Grant 'the ole man' McCarthy (Senior Team Trader) - Fulltime Equities, Commodities and Spot Forex trader since 1987. Grant is the oldest member of our team and has the most experience. Grant sold his Real Estate business in the mid 80's to trade fulltime. He hasn't done anything else since. Grant is an old school support and resistance trader. He uses a MACD and our Market Barometers to filter out potential head fakes.

Sean Tibbits (Senior Team Trader) - Fulltime Spot Forex trader since 2003. Sean is a licensed Pharmacist, but gave it up to trade fulltime in 2003. Sean is our Elliot Waves guru and prefers the Spot Forex Market. His specialized market insight has kept us out of dozens of bad trades.

David Horton (Senior Team Trader) - Fulltime Spot Forex trader since 2004. David was a retail store manager (The Gap) before teaching himself to trade. David has become our Fundamentals guru. In addition to providing solid chart analysis, David also follows the Central Bank statements and other key economic data. David is excellent at calling long term trends before they happen.

Craig Gavet (Associate Team Trader) - Fulltime Spot Forex trader since 2006. Graig started trading back in 2002. He decided to quit his job in construction (plumber) and trade fulltime in 2006. Craig uses a combination of Market Barometers, X Trend and standard technical indicators to find his trades.

Jennifer Wishart (Associate Team Trader) - Fulltime Spot Forex trader since 2006. Jennifer was a bank manager for Wells Fargo. She has been trading off and on for years. She decided to quite her job at Wells Fargo and trade fulltime in 2006. Jennifer uses standard technical indicators and price chart analysis to find her trades. She helped develop our Technical Dashboard.