only 1 trade took on Thursday, +18pips, total profit this week +176pips
Friday, July 31, 2009
Wednesday, July 29, 2009
Tuesday, July 28, 2009
GBPJPY
GJ is ranging between 157 - 152 area, if we break 157 we see 160, if we break 152 then we back to 146
Monday, July 27, 2009
Trades update
Only took 3 trades today, lots of stuff need to caught up on Monday, 2 on EJ and 1 GJ, +66pips
Friday, July 24, 2009
Money Management
Only risk 2-3% of your capital. What that means is when you calculate your stop losses your stop loss amount has to be within 2% of your account .If the trade goes against you, the maximum you will lose is 2% of your account. This way it also prevents you from getting panic attacks when the trade retraces against you resulting you close the trade pre maturely. If your desired stop losses do not come within 2% of your account don’t take that trade. You may miss one trade but there are millions more to come.
Remember there is no easy way to become a good consistently profitable trader. No one can become a profitable trader overnight. As everything else in life it takes time, patience, lots of sacrifices and learning. Don’t be afraid of mistakes.
Remember there is no easy way to become a good consistently profitable trader. No one can become a profitable trader overnight. As everything else in life it takes time, patience, lots of sacrifices and learning. Don’t be afraid of mistakes.
Thursday, July 23, 2009
Signal Service
I've been trading forex since about 2005. After a few years of constant learning, I've slowly developed into a profitable forex trader, and now earn a fairly consistent income from trading. I'm a fairly short-term trader with trades generally lasting between a few minutes to a few days at most.
Of course, you may ask why I need to run a signal service when I can make money myself. Due to my leverage restrictions, I cannot take all the trades myself which means that several trades go waste, if given to others, would have proved useful. Who does not like more money, especially doing something which you love.
I aim to give out 500-1000 pips worth of signals every month. Any further questions please email me at pipsbanker@gmail.com
Of course, you may ask why I need to run a signal service when I can make money myself. Due to my leverage restrictions, I cannot take all the trades myself which means that several trades go waste, if given to others, would have proved useful. Who does not like more money, especially doing something which you love.
I aim to give out 500-1000 pips worth of signals every month. Any further questions please email me at pipsbanker@gmail.com
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