50 Pips A Day Forex Strategy by Laurentiu Damir

By Laurentiu Damir

50 Pips an afternoon currency Strategy

  • Start making constant gains within the foreign money market

Components

  • Support and Resistance
  • Candlesticks
  • Moving Average
  • Timeframe - four hours chart

Summary

  • This is a really transparent and easy to persist with foreign currency trading technique to get you begun reaching constant earnings every day buying and selling the currency industry. it'll make you 50 pips in line with day or extra each day. it truly is perfect for amateur investors however it will provide loads of aid to more matured investors that experience no longer came across a transparent technique to make gains consistenly
  • It is straightforward to appreciate and to install practice.
  • It has rather well outlined access, cease loss and go out degrees.

How to construct a high-quality buying and selling System

Apart from the method, this booklet additionally incorporates a very necessary consultant that teaches you ways to build a ecocnomic foreign currency trading approach for your self and the way to prevent buying and selling and cash administration mistakes

Are you new to foreign currency trading or simply began to exchange on a dwell account yet with now not a lot good fortune ?

  • You desire a reliable foreign currency trading method in keeping with sound ideas of the currency marketplace, that has transparent buying and selling and cash administration rules

Do you've gotten a foreign currency trading procedure and you've got been buying and selling with it for a time period yet nonetheless you do not have the luck you was hoping for ?

  • This can in basic terms suggest that your buying and selling procedure doesn't bear in mind the elemental buying and selling ideas and rules that any robust foreign currency trading process incorporates

This e-book teaches you ways to build your personal robust foreign currency trading method, what are an important foreign currency trading instruments you'll want to comprise in it, what to not contain on your foreign currency trading procedure, tips on how to practice sturdy cash administration ideas and equaly very important, find out how to keep away from making buying and selling error that might fee you in the event you begin to exchange together with your newly constructed currency procedure. if you happen to require extra information be happy to touch me at damirlaurentiu@yahoo.com

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Additional info for 50 Pips A Day Forex Strategy

Sample text

A very good money management technique gives you the opportunity to be extremely profitable with your system even if let us say, out of ten trades, five are losers. Of course, if you build your system respecting all the rules above and the rules that will follow you won’t be in this situation, but if for any reason you should find yourself in it, correct and strict money management rules will make you profitable even in situations like this mentioned. Position sizing This is the first rule of money management.

Stop loss placement Your stop loss should exist for every trade, but the stop loss must always be set at logical places in the market, not randomly. My advice to you is to always put your stop loss at the level where the price has very little chance to reach given the conditions of the market at that moment. Let us see an example: As you can see, when you sell, you put your stop loss just above the swing highs that price makes. When you buy, you put your stop loss just below the swing lows that price makes on its way up.

Do not be fooled when you do a back test on your charts and you see that using an indicator or a trading system with indicators would have made you thousands of pips. That is just a trick. Real time trading has nothing to do with back testing. When you put that indicator to work in real time, you will soon see that you are wasting your time and money. Always remember that price tells the indicator what to do not vice versa. The ultimate indicator is and always will be the price action itself. You should focus only on reading and interpreting the price action movements and not overcomplicate your trading system with useless indicators.

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