Download e-book for iPad: 50 Pips A Day Forex Strategy by Laurentiu Damir

By Laurentiu Damir

50 Pips an afternoon currency Strategy

  • Start making constant earnings within the currency market

Components

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

Summary

  • This is a really transparent and straightforward to stick with foreign currency trading technique to get you begun reaching constant gains day by day buying and selling the foreign money marketplace. it'll make you 50 pips according to day or extra each day. it truly is excellent for amateur investors however it will supply loads of support to more matured investors that experience no longer chanced on a transparent technique to make earnings 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 great buying and selling System

Apart from the tactic, this e-book additionally features a very helpful consultant that teaches you the way to build a ecocnomic foreign currency trading method 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 alternate on a dwell account yet with now not a lot good fortune ?

  • You desire a strong foreign currency trading process in response to sound ideas of the currency marketplace, that has transparent buying and selling and funds administration rules

Do you've a foreign currency trading approach 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 simple terms suggest that your buying and selling method doesn't take note of the fundamental buying and selling principles and rules that any strong foreign currency trading process incorporates

This publication teaches you the way to build your personal strong foreign currency trading approach, what are an important foreign currency trading instruments it's worthwhile to comprise in it, what to not contain on your foreign currency trading approach, tips to observe good cash administration ideas and equaly vital, the right way to keep away from making buying and selling error that would expense you should you begin to alternate along with your newly constructed currency approach. for those who require extra info be at liberty to touch me at damirlaurentiu@yahoo.com

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Extra resources for 50 Pips A Day Forex Strategy

Example text

Leave your stop loss at its original place; do not think emotionally, that you have to secure those 100 pips so you do not lose them. This makes you lose money. Completely disregard any comments from individuals on forex forums that tell you to buy or sell because they have the holy grail and they know better than you what is about to happen. Only trade what your system tells you to trade, do not let yourself be influenced by anyone, no matter how convincing they sound. If you pay attention to some fellow that tells you to buy a specific pair you will lose your clear and unbiased judgment and without even knowing you will start to browse through the charts looking for trade setups that sustain that guy’s theory and that have nothing to do with your trading system.

In addition, you have to know that candlestick patterns have their greatest success rate when found at price extremes. Let me show you what I mean: All the patterns in the chart above are situated at extremes of price. There is no recent price action at that level preceding them. These kinds of candlestick patterns have a very high rate of success. If your confirmation pattern takes place at a level where price action is trading sideways it might not be a very good confirmation signal. Fibonacci retracement levels If you use Fibonacci levels in your trading system then always wait for the price to touch the level you are watching before you consider entering a trade.

It is completely up to you to decide if you combine them all in your system or just use some of them. There will be more about these powerful tools in a later section where you will learn how to avoid making trading mistakes when working with them. No technical indicators Now that you have an idea of what would be best to include in your trading system you also must know what not to include in it. Do not use any technical indicators in your trading because they are absolutely worthless, and they will lose you money in the long run.

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50 Pips A Day Forex Strategy by Laurentiu Damir


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