In last weeks Forex video I showed everyone how I was planning to trade the Euro vs U.S. Dollar. My intention was to take multiple positions as the market pulled back to the swing point, but the market only gave me one chance to enter and never looked back.
Now ask yourself did you make at least 100 pips last week? If the answer was no. Was fear the reason that stopped you from trading? All strategies will incur some losses, but a good Reward to Risk ration will help keep your Fear at ease when you take your next Forex Trade. The Forex Trade in the Euro had a 2:1 Reward to Risk Ratio.
Next months Free Video will touch on Money Management and how good Money Management can take a breakeven or a small losing strategy and turn that strategy into a very profitable Forex trading strategy.
Forex Trade Update Video
Another 82 pips today putting our grand total for the week at 210 pips so far, now the next two days are just a bonus, however many pips we get over the next two days is like icing on the cake.
This week my goal was to show how easy pulling 200 pips out of the market a week can be, one of the goals is to make sure that we as traders do not try and over complicate trading. When trading a traders goal should be to make it simple so that pull pips out of the market can be an easy task with little thought or emotions involved.
I am planning on hosting our next live Forex Webinar the beginning of August so make sure to check your emails.
Another 82 Pips Today Forex Video
128 pips to start the week out!!! Remember it’s always important to have a system and to follow your system rules. The two trades that I placed were both in the direction of the trend on a 15 Minute chart, I have been looking for the Aussie to get a nice tradeable bounce, so I have been looking at multiple Aussie cross pairs looking for long set-ups.
Today being a Monday and summer time trading the two trades defiantly took longer than I would have liked before giving my pips, by following my system I was not tempted to take profits to early or even exit a trade as I was down a bit, but instead held on knowing my system is robust and consistently pulls pips out of the market.
Even if I am wrong on the Aussie bouncing, this video as well as last weeks Weekly Forex Market Forecast video shows that even if the market is trending on the higher time frames against the shorter time frame charts Pips can be pulled out of the market.
128 Pips Two Trades Forex Video
Earn As You Learn
Earn as you learn Forex Trades Model portfolio is starting out with 10,000 usd. As you will see in the video I have outlined the Earn as you learn trade. Keep in mind all trades will not have videos attached with them. Make sure to scroll entire page side to side when you see a comment in the comment section that says looking to add. This means that I plan to scale into the trade. Earn as you learn Forex Trades will update live to the website as add them. I am unsure if the first trade will work in our favor given the storm Sandy has shut down Wall Street for at least two days and possible longer. Waiting to see what implication this will have on the pattern of our First Trade. On a Continue reading