The Strategy
I'm gonna show you a couple of examples of how you will earn money using my strategy.
This works with BUY and SELL orders!
It's all about short term trades say from a couple of minutes up to an hour. I trade on a 3 minute timeframe. The indicators i use are set to certain parameters giving you exact entry and exit points. Look at the circles in the pictures, there is your entry and exit, but there are a couple of factors that you should consider before you make your BUY or SELL order. I will explain this in my strategy.
With small market movements i'm talking about approximately 4 pips. Let's say you BUY at a price of 1.12000 (price of dollar against euro) than you SELL at 1.12040. In my tradingsystem i will show you how.
When you use my strategy with 4 pips profit you will earn money on almost every trade. I'm not gonna tell you that it is 100% but it is damn close!
Most profitable traders win 60 to 70% of there trades, to earn money on the end of the day you have to have a strict profit against loss system.
With my tradingsystem i can guarantee you 85-100% profits on your trades!
In the picture beneath you can see the entry and exit point in the (adjusted) RSI indicator. The first green circle is giving you the entry point (for a BUY order) but you have to wait until the green candle closes above the blue line, see the green arrow. That is where you open your order. The third green candle marked with the yellow circle is your 4 pip profit, here you can close your order and take your profit. In my strategy i also give you an option 2 strategy that is to close your order at the second green circle in the RSI indicator. With the option 2 strategy you can earn more pips meaning more money but it is a bit more risky than my main strategy of 4 pips. For the SELL order you see the first red circle in the RSI indicator giving you the entry point when the red candle closes beneath the blue line marked with the red arrow. Your 4 pips profit is at the fifth candle on the right marked with the yellow circle. Here again you have my option 2 strategy to close the order at the second red circle in the RSI indicator. And yes, after you closed the order at the 2nd red circle the price is still going down but it's way to risky to leave your order open after this point!
Here is another example of my option 2 strategy
How much can i earn with 4 pips?
Well that depends on how much money is on your trading account. This part is important, i doesn't matter with how much money you start, i recommend no less than 1000,- euro. All the profits you make, keep them in your account!
Well, not all the time ofcourse, you want to spend money too. I myself set my goal to earn about 1000,- euro on 1 trade with 4 pips. To do that i have to have 100.000,- euro in my account. So i made a plan to realize that ( this plan comes with my tradingsystem ). The more money on your acount the more money you can earn per trade. So after i earned my 100.000,- euro all my profits above this amount are transfered to my bank account.
Well, i have to say that's not entirely true, while building my account up to 100.000,- euro i transfered some money to my bankaccount because i have a wife
When you have 100.000,- on your account you will earn about 1000,- euro with 4 pip trades!
In my pictures above i give you a couple of examples of what my strategy is about but you need to know a couple of more things.
I will expain this further in my tradingsystem!
Hieronder diverse links
Tradingview provides you the best charts and is easy to use if you use Pepperstone (wich i strongley recommend) you can trade directly on the tradingview chart.
Pepperstone is the best broker for forex trading, you can use it with tradingview wich is a huge plus. Pepperstone, and this is important, has a very low spread, and you'll need a low spread using my strategy. So i strongley recommend Pepperstone and Tradinview!
Investopedia is an page where you can find everything about trading, CHECK IT OUT
Daily FX provides you general information about trading and the ECONOMIC CALENDER wich is very impotant