The trader can choose any other values depending on the traded pair. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Scribbled 'post-its' lay all around my house, I came very close to exhaustion simply emptying the contents of my brain out onto paper. Currency traders use these FX brokers to access the hour currency market.
I probably gave up over a pips by closing those trades early, but even so a cracking week of pips. The 3 best trading months of the year for professional traders are September October and November.
So if you are a retail trader and you want to take advantage of all the pips we will be making in the next 3 months by copying my trades, then please consider enroling on one of my training courses. You can find more information here. I was prompted to write this article after a conversation I had with a trader yesterday.
After talking to him for a while it was very clear to me that he did not have a clear strategy for entering and exiting the market. Which I found very odd since all professional traders have clearly defined, tried and tested, profitable trading strategies for entering and exiting the market. So the question needs to be asked, is this guy who is training and mentoring him really a professional trader, or a con man that calls himself a professional trader? Do you have a clearly defined strategy for entering and exiting the market?
Is the strategy a professional trading strategy? Is the strategy a profitable strategy in all market conditions? Can the strategy be backtested over at least a 10 year period, and is the strategy a profitable strategy over that period?
Can the strategy be traded on any pair? Does the strategy work on all timeframes from the one minute to the monthly? Can the strategy be traded at any time of the day or night? Any Forex trading strategy should meet all of the above criteria. If you do not get a yes to all of those questions then please consider spending your hard earned money somewhere else, because the so-called professional trader is selling you the same retail trading rubbish that you can get on YouTube for free.
I have not done a weekly trading update for a long time so I thought I would share last weeks trades with you. There are a few of what I call breakeven trades which are trades that only yield a few pips.
But as you can see from the list below I had 17 trades with 17 winners and a total pip count of All these trades can be verified with a trading statement if required. Just drop me an email if you want to see the trading statement. Profit of 35 pips. If you are struggling with your trading and want to get similar results to these please then consider one of my Forex training courses.
Have a great day. One of my new recruits has been so kind as to share his trading statement with us. Tristan had never traded prior to coming on board with me, and he is trading profitably after just a few weeks of training.
He has encouraged me to put his statement on the website to show other struggling traders that it is possible to trade successfully after just a few lessons with me.
Yes, he has had some losses, but he is still learning his craft, and yes there are some open trades that are currently in drawdown, but again he is still learning. I want to thank Tristan for sharing this statement. And it shows you that you do not have to have a large trading account to make profits from the Forex market if you are given the correct education. Tristan is growing his account steadily and safely. There are many forex binary options strategies available in the market.
Trading forex binary options is much simpler as compared to forex. There is no stop loss or take profit. You just need to get the market direction correctly. Now this is a very simple forex binary options strategy that uses a few candlestick pattern in combination with MACD. MACD is a very powerful momentum indicator. Main Concepts Beginners must attain sufficient trading expertise and skill in order to be capable of selecting excellent stop-losses and profit targets for all the trades that they execute.
These are crucial actions to perfect primarily because Forex has such an erratic and unpredictable character that it can quickly stop-out positions safeguarded by only small stop-losses, e. The subsequent chart demonstrates such a trading situation. On the above chart, price advanced within a constricted trading range, as displayed towards its left-hand side, before it eventually plunged to the downside.
A new short position was subsequently activated safeguarded by a stop-loss located about 50 pips above the previous resistance level.
Unluckily, a sizeable bullish price spike caused this trade to exit at a loss. So, I've decided to make a series of pages with indicators and Expert Advisors EAs that, in my opinion, are the most useful. The fact is, during well trending markets majority of Forex traders trade profitably and comfortably, but once a trend is over all kinds of problems arise: We believe it is time to open a new Topic dedicated to Money Management.
Here we'll be posting trading systems and methods that help to control losses, evaluate and limit risks, improve win: We hope that this subject will create a new interest to money management in currency trading, and eventually help you improve a winning ratio of your favorite trading system. A common trading journey in Forex starts with demo account and develops into live account with further positive or negative outcome.
We have made own simple research that was aimed to find out how long on average traders plan to demo trade Forex before going live. I was looking for answers in various forums, tried searching with keywords in search engines, tried reading policies and FAQs on the websites of different Forex brokers for scalping It seemed like I had only guesses, but nothing solid to rely on.
And then I came up with a simple solution - sending customer support inquiries to the different Forex brokers So, brokers allowing or not allowing scalping Find entry points as early as possible.
Find exit points securing maximum gains. Avoid fake entry and exit signals. Active traders Poll - share your live experience or read what others have to say. Forum What is Forex? Who's online There are currently 7 users online. Website holds collection of Forex trading strategies and systems free for everyone to explore. Forex forum is open for strategies discussions. Forex trading systems collection revealed! Submitted by Edward Revy on February 28, - Arena - "If you can picture it, you can build it" Arena is the software for those who have a good understanding of investing and how to build a strategy, but don't want to code or use programs that give you code that must be tested, re-coded and then tested again.
Submitted by User on September 13, - How I saved over a million in one year of live trading About the author: How I saved over a million in one year of live trading Undoubtedly, every trader has already been thinking about how to make their first million by trading on FOREX.
Advanced strategy a Complementary to strategy with Trendlines Submitted by User on March 4, - Submitted by Andrei Florian Ok, here we go. Submitted by Adam Green 1. I've decided to gather the resources about Trailing Stop EAs available today.
Follow me, enjoy trading! Join in to discover new ideas, indicators and tools to gain additional control over range-bound trading. How many of us will succeed in Forex? Submitted by Edward Revy on March 22, - Forex Brokers that Allow Scalping: Research and Results Submitted by User on June 5, - The topic of Forex Brokers allowing scalping is always actual and sensitive.
My question to all of them was the same: