Money Flow Trading Method along with Risk Management

Good Afternoon VEEFX

Yes I have the strategy explained in the 266 pages of this thread that I have started on December 3, 2016. I have tried so many times to teach people how to trade Forex and actually make money. However the same reason that probably 95% of all retail Forex traders lose all their money is they have NO DISCIPLINE. I will put up some pages from the last person that asked me to teach him for FREE. Why do I say for FREE ? Well that in itself is a very useful thing to know. Anything that is given for FREE has no value to most people. I have been using this thread for the period from December 3, 2018 to prepare for bigger things in my business model. As a courtesy to you I will put up some of my recent posts.


Benjaminis

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I first want to talk about having an EDGE. Fundamentals by themselves is not an EDGE. However using Money Flow between Asset Classes from here on I will include in my basket of 100% of what a winning Forex Trader needs. I will not refer to it as a fundamental anymore since new people coming to this thread put my method as including Money Flow as a fundamental which it actually is however not in the same way as most people understand Fundamentals.

This week we will get to see Non Farm Payroll (N F P) and as any experienced Fundamental Forex Trader knows it usually is a fantasy number created by the BLS however next to a FED rate announcement it is the one number that can move markets hundreds of PIPS in seconds and minutes.

Whatever the number Trillions of Fiat Currencies and other Asset Classes will start to change values as we "SEE" the Money Flow. That is why I call it my EDGE and once you know it and understand it well then it becomes your EDGE as well.

Here are the 5 important things that any Forex Trader that belongs to the minority of constant profitable Forex Traders , which I have named , The 5% Club needs to have. Of course in my opinion, I would think that very few Professional Forex Traders use the EDGE. Of course when you know about it then anyone can use it.

Each of the following five important things which I have given a weighting of 20% to each makes up what a profitable Forex Trader needs to have in order of IMPORTANCE.

(1) The ability of the Forex Trader to control their FEAR and their GREED and their EGO. Perhaps the last one is the most important of the three since the MARKET is always right. Using Money Flow puts you with the Market instead of against it as your Forex Account keeps losing the value in it.

The reason that I teach Forex Traders whether experienced or new to Forex trading with a $50,000 US Dollars Demo Account is because that is how I learned my trade starting during 2003. By learning to trade with $50,000 US Dollars in Demo Funds, then I had no FEAR or GREED. However after 3 years of Forex Demo Trading I surely had EGO since month in and month out my Return On Investment (ROI) was constantly over 10% a month or 120% a year.

(2) Money Flow. I have now explained why.

(3) Risk Management. That is next to Money Flow the KEY element of my Forex Trading since when you blow your account whether you are trading with too little capital as the majority of Retail Traders are or because of a Black Swan event such as Brexit or Europe banking issue such as we have in Italy at the moment or the Swiss Central Bank as they did a few years ago say one thing and then next moment announce a major change in their policy and 500 PIP movements happen in seconds. The absolute MINIMUM Forex Account that I would and could trade with would be $10,000 US Dollars. I would be glad to answer questions as to why although most will understand. What if you do not have $10,000 US Dollars trade with ? Prove to yourself that you have the skills and the knowledge to trade with profits then you will have no problems finding funds to trade Forex with. After my 3 years of Forex Demo Trading, I went out and found 6 clients that first deposited initially $50,000 US Dollars and within 3 months along with the profits that I was generating in my first three months of Forex trading from March 2006 to June 2006, I was managing well over $100,000 US Dollars.

(4) Technical Indicators which includes all parts of it whether Support and Resistance or Supply and Demand or Pivot Points. I use when I do daily trades the 5 Minute Charts along with the 15 Minute Charts and 30 Minute Charts to go along with the 4 Hour Charts. When you toss a rock in the river the first ripple is the 5 Minute Chart and then on to the 30 Minute and the two others. I use other indicators aside from the standard ones which are SAR and Fractal and Awesome Oscillator. The most important one that I look at when I enter into a Forex Trade is Support and Resistance so if I am going long or short I enter either at the TOP or BOTTOM of the Chart that I am using. Of course my Risk Management protects me from Human Errors or EGO.

(5) Fundamentals. I am fairly sure most of those reading my words today or whenever they read it might be surprised how a Forex Trader such as myself who posts a tremendous amount of research can list fundamentals as number (5) in order of importance. It is the research that allows me to clearly understand the difference between PERCEPTION (Markets) and REALITY (Research) Then I know what will most likely happen in the future and I am better prepared to deal with it.

I hope that this post of my daily Morning Thoughts answers some of your questions both for the 12 Forex Traders using the $50,000 US Funds Demo account with FXCMUK or anyone else. There is no reason that an experienced trader reading this thread or anyone else to not open a $50,000 US Dollars FXCM UK account so they can use the knowledge that we share here to learn new things and try them without having any FEAR of LOSS !!!

As always , I look forward to feedback and thoughts and anything that you care to share with us on our Thread.

Benjaminis

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4. Dec 3, 2018 8:58am

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4. Dec 5, 2016 6:43am | Edited at 7:13am

 

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Good Morning Everyone

My subject this morning is PERCEPTION and REALITY. The results of the Italian referendum last night are a perfect example of that. In normal times which means free markets where we have proper price discovery, it is easier to make speculative decisions on market trades. Today we all live in a financial world where the truth is always distorted by those in control. The control for the moment rests with the Central Banks of the world led by The Federal Reserve and followed by the ECB and the BOJ and the BOE.

After the financial meltdown of 2008 involving Lehman Brothers and TARP, which originally was voted down in the USA and then approved, the financial world entered into uncharted waters never ever seen before. It started with QE in the USA and it continued with Draghi in Europe saying he would do whatever had to be done. We also see the failed monetary policies of the last ten years in Japan by the BOJ.

So now we live in a world of NIRP and the attempt all over the world especially recently in India removing the 500 Rupee and 1000 Rupee as legal tender. Because of the Money Printing and Helicopter Drops clearly stated by Bernake in his role as Fed Chairman, there has been so much electronic cash created that now the Central Banks of the World must remove actual cash from the World before the Public figures out that the real cash does not exist and if everyone realized the truth that all monies would be removed from the banks of the world and our financial systems would immediately collapse.

So with the first two paragraphs as background is it any wonder that at times the ability to understand day to day movements in the various currencies is impossible. The fact that EUR/USD has gone up and the markets are ignoring the REALITY and looking as the market psychology of the PERCEPTION then it follows that the MARKET is always right until it is not. Another excellent example with real life consequences is the behavior of the US Stock Markets and the World Bond Markets since November 8, 2016 and the election of Donald J Trump.

Based only on hope and surely, NOT REALITY the wrong assumptions of stimulus in the USA with the NEW Trump Presidency has lead to over Two Trillion Dollars of loss in the World Bond Markets and new highs in the Dow and SP500. There is no possibility that everything will NOT reverse, when REALITY TRUMPS PERCEPTION and that is the whole point. It is in knowledge of reality and the timing of the reality taking effect.

It would be most appreciated to have some feedback so intelligent discussions can be entertained. This week might be the week for REALITY when we hear from the ECB on Thursday and of course next week the FED meets on December 13, 2016 and comes out with their Rate Decision on December 14, 2016. This could be the principle of buy the rumor and sell the news which is what seems to have happened with Italy and the referendum results. When the FED raises rates for the first time in one year even though last December when they raised there was strong indication by them of 4 more raises during 2016. We live in interesting times.

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4. Dec 3, 2018 10:12am

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Good Morning Forex Traders

I had started this thread on Forex Factory two years ago today. Many world events and personal events have taken place over these last two years.

This morning I went through my first 110 posts on this thread and shared the ones that will go on my new corporate website. I have worked very hard over the last two years working on my business and seeing where the world was going. This is the best and worst of times to try to trade and make money in the Forex business.

Unless you have special skills needed then you will not be able to enjoy trading Forex and of course the ultimate objective is to make money.

I have started to bring everything up to date on my 247 pages of material that has been posted here. Each day I will continue to review the 247 pages and once everything is at this thread that needs to be it will all be transferred over to my commercial website. My target is for early next year.

I am going to publish contact information in the near future.

If you have any interest or any questions then please post them here and they will be answered.

I also will start to trade the FXCM UK Demo Account of $50,000 US Dollars and do screen shots so everyone that has a real interest in becoming a successful Forex trader can see my results. My target for December is profits of $10,000 US Dollars by December 31, 2018.

That will work out to Return on Investment of 20% and of course with the industry standard at the HIGHEST end being 5% then the goal and results of 20% will confirm that my method of trading Forex professionally works.

Failure is not an option so once I have the account at $60,000 US Dollars then I will stop trading for the month of December 2018.

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4. Dec 3, 2018 10:17am

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I first want to talk about having an EDGE. Fundamentals by themselves is not an EDGE. However using Money Flow between Asset Classes from here on I will include in my basket of 100% of what a winning Forex Trader needs. I will not refer to it as a fundamental anymore since new people coming to this thread put my method as including Money Flow as a fundamental which it actually is however not in the same way as most people understand Fundamentals.

This week we will get to see Non Farm Payroll (N F P) and as any experienced Fundamental Forex Trader knows it usually is a fantasy number created by the BLS however next to a FED rate announcement it is the one number that can move markets hundreds of PIPS in seconds and minutes.

Whatever the number Trillions of Fiat Currencies and other Asset Classes will start to change values as we "SEE" the Money Flow. That is why I call it my EDGE and once you know it and understand it well then it becomes your EDGE as well.

Here are the 5 important things that any Forex Trader that belongs to the minority of constant profitable Forex Traders , which I have named , The 5% Club needs to have. Of course in my opinion, I would think that very few Professional Forex Traders use the EDGE. Of course when you know about it then anyone can use it.

Each of the following five important things which I have given a weighting of 20% to each makes up what a profitable Forex Trader needs to have in order of IMPORTANCE.

(1) The ability of the Forex Trader to control their FEAR and their GREED and their EGO. Perhaps the last one is the most important of the three since the MARKET is always right. Using Money Flow puts you with the Market instead of against it as your Forex Account keeps losing the value in it.

The reason that I teach Forex Traders whether experienced or new to Forex trading with a $50,000 US Dollars Demo Account is because that is how I learned my trade starting during 2003. By learning to trade with $50,000 US Dollars in Demo Funds, then I had no FEAR or GREED. However after 3 years of Forex Demo Trading I surely had EGO since month in and month out my Return On Investment (ROI) was constantly over 10% a month or 120% a year.

(2) Money Flow. I have now explained why.

(3) Risk Management. That is next to Money Flow the KEY element of my Forex Trading since when you blow your account whether you are trading with too little capital as the majority of Retail Traders are or because of a Black Swan event such as Brexit or Europe banking issue such as we have in Italy at the moment or the Swiss Central Bank as they did a few years ago say one thing and then next moment announce a major change in their policy and 500 PIP movements happen in seconds. The absolute MINIMUM Forex Account that I would and could trade with would be $10,000 US Dollars. I would be glad to answer questions as to why although most will understand. What if you do not have $10,000 US Dollars trade with ? Prove to yourself that you have the skills and the knowledge to trade with profits then you will have no problems finding funds to trade Forex with. After my 3 years of Forex Demo Trading, I went out and found 6 clients that first deposited initially $50,000 US Dollars and within 3 months along with the profits that I was generating in my first three months of Forex trading from March 2006 to June 2006, I was managing well over $100,000 US Dollars.

(4) Technical Indicators which includes all parts of it whether Support and Resistance or Supply and Demand or Pivot Points. I use when I do daily trades the 5 Minute Charts along with the 15 Minute Charts and 30 Minute Charts to go along with the 4 Hour Charts. When you toss a rock in the river the first ripple is the 5 Minute Chart and then on to the 30 Minute and the two others. I use other indicators aside from the standard ones which are SAR and Fractal and Awesome Oscillator. The most important one that I look at when I enter into a Forex Trade is Support and Resistance so if I am going long or short I enter either at the TOP or BOTTOM of the Chart that I am using. Of course my Risk Management protects me from Human Errors or EGO.

(5) Fundamentals. I am fairly sure most of those reading my words today or whenever they read it might be surprised how a Forex Trader such as myself who posts a tremendous amount of research can list fundamentals as number (5) in order of importance. It is the research that allows me to clearly understand the difference between PERCEPTION (Markets) and REALITY (Research) Then I know what will most likely happen in the future and I am better prepared to deal with it.

I hope that this post of my daily Morning Thoughts answers some of your questions both for the 12 Forex Traders using the $50,000 US Funds Demo account with FXCM UK or anyone else. There is no reason that an experienced trader reading this thread or anyone else to not open a $50,000 US Dollars FXCM UK account so they can use the knowledge that we share here to learn new things and try them without having any FEAR of LOSS !!!

As always , I look forward to feedback and thoughts and anything that you care to share with us on our Thread.

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4. Dec 3, 2018 10:23am

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4. Sep 9, 2017 9:21am

 

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COMMENTS FROM BENJAMINIS: So two things about the above post.

One, it is no longer possible to trade without a STOP LOSS PERIOD.

Two, having a STOP LOSS less than 100 PIPS is not a good strategy. That leads me to explain why most of the 95% of all Retail Forex Traders lose. They trade with small amounts of money and SCALP which makes it almost impossible to make profits over a period of one year because of the VIOLENT NATURE of the swings in the Asset Classes caused by world changing events.

Each Forex Trade that you do should not risk more than 2% of your trading Capital and that is based on trading Capital of $50,000 US Dollars INITIALLY learning on a $50,000 US Funds Demo account just as I did for a period of three years before I made my first Real Funds Trade.

PLEASE GO WITH THE MONEY FLOW

COMMENTS FROM BENJAMINIS: Let us review what we teach and why it works if YOU WORK.

Without your WORK then you are just wasting your time and probably your money.

There is no such thing as Political Correctness here because we are here to teach and share our knowledge ALL FOR FREE until May 31, 2017 and then if you have subscribed to this thread before May 31, 2017, then you will get a FREE LIFETIME PASS to our company website.

SO.... going back to our winning FORMULA for FOREX SUCCESS.

20% of the SUCCESS is yourself the Forex Trader.

20% of the SUCCESS is your EDGE which we teach you and that is Money Flow Trading.

20% of the SUCCESS is control of your RISK (Your hard earned money) Our UNIQUE RISK MANAGEMENT allows you to trade without worry, fear and greed. Of course we want to make sure that you have the right qualities to be a winning Forex Trader so our course is for a period of three months, so we can teach you the right trading methods and we can see your results and make adjustments without your FEAR OF LOSS of Real Money.


20% of the SUCCESS is using and understanding the USE of Technical Indicators which include not only the common ones. It includes the understanding of Supply and Demand. Support and Resistance and the use of Pivot Points which you can see each day on our daily charts that cover ALL our Trade Plans which we also help you develop and explain WHY. These are our Winning Trade Plans that we review every three months or earlier if circumstances in the markets require that.

20% of the SUCCESS is the FUNDAMENTALS, which are much more than Data Releases each day around the world. It includes reports and articles extremely well researched as you can clearly see from this article that explains why the TREND in the Equity Markets especially in North America is DOWN. By understanding the difference between PERCEPTIONS (MARKETS) and REALITY, you then have a good handle on REALITY before the MASSES do and you are not surprised when events eventually unfold.

When successful traders aren't trading, they are researching, developing, and innovating. When unsuccessful traders aren't trading, they're staring at screens and forcing trades. There is nothing better for trading psychology than being at the cutting edge of a growing business.

What makes a trader successful is discipline: doing the right thing with fidelity. What keeps a trader successful is innovation: doing new things and turning them into disciplines.

In order to be able to help you better it is VERY IMPORTANT that you share your thoughts and your QUESTIONS here on our thread.


Benjaminis

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4. Dec 4, 2018 9:49am

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Good Morning Forex Trader's

As I stated yesterday in my target goal of $10,000 US Dollars profit by December 31, 2018 or before , I have done my first Forex trade for today. I have shorted 50 units of US 30 (Dow 30) at 25,740. I risked capital of $3375.00 US Dollars. The trade was put on at 9:35 AM this morning. I put a limit out of $500.00 US Dollars or 1% of my trading capital of $50,000 US Dollars. You can see that by my screenshot.

The time is now 9:57 AM.

I will update shortly.

Please watch me REACH my GOAL as this method of Forex trading works because the Forex Trader is properly trained.

 

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4. Dec 4, 2018 2:31pm | Edited at 2:43pm

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We can see from my screenshot that the Dow has gone down at one time today over 800 Points. There was little doubt about the direction after I took profits on my one Forex trade today. I normally put in my Limit Out $250 US Dollars as it moves down so that I can get maximum profit. Today since it was my only Forex trade for today I just let it take me out at $503.50 US Dollars profit. I will bring more posts forward to explain my Risk Management Strategy and my Trading plan strategy.

At the moment I have 5 Trading Plans in place.

(1) Short US30 (Dow 30)
(2) Short SPX500
(3) Short USD/JPY (Correlation Trade)
(4) Long Silver
(5) Long Gold

I will get into more details as I update the previous pages.

1. Dec 5, 2018 8:34am

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I started off my morning thoughts by using the word - DISCIPLINE. That is one of the keys to being a winning Forex Currency Trader.

You can be an expert in technical analysis and understand about supply and demand and even know about the fundamentals as everyone can see by reading all my information sources that I have. However the KEY to my success is DISCIPLINE. We all like to make trades however the whole point of trading Forex is to MAKE MONEY !!!

By trading a $50,000 US Funds Demo account which is what I did for 3 years before I ever made one real trade I was able to learn my trade without worrying about losing money and also by learning about using technical indicators and fundamentals. Once I knew that I was ready I went out and found 6 clients and they deposited with Trade Freedom my first currency house using the Saxo Platform that I use in my first three years of Demo Trading along with also using the platform from FXCM.

I only stayed with Trade Freedom for three months and switched over to Refco a much larger currency house. In all the time that I traded at Trade Freedom managing over $100,000 US for my 6 clients I actually NEVER had one trading loss. That of course was excellent and while I had NO Fear or Greed one thing that I did have for sure was EGO !!!

When I moved my Forex accounts over to Refco actually called Man Financial in Canada , I had over 6 clients then and under LPOA (Limited Power of Attorney) I had close to $200,000 under my management. One of my friends whose account I was managing asked me if I ever expected to lose a Forex Trade and I told him of course. Then I learned and had the DISCIPLINE to make the MOST IMPORTANT DECISION of my early Forex Currency Trading career.

I decided to close a position and I took an actual loss of $100 US. That was when my EGO high as it was at the time decided COMMON SENSE which is not so common needed to take the SMALL LOSS of $100 US.

I am sure many Forex Traders of any experience whether newbie or veteran understand this.

That is when I decided that the next part of my education needed to move over to Risk Management. I have developed a SUPERIOR RISK MANAGEMENT SYSTEM as my results show.

Now we turn to today. I already have profits in a number of my open positions and I must decide before 2 PM if I leave them open or close some of them. With that as my morning thought I wish everyone a good trading day and again ask for 3 more Forex Traders that would like to become WINNERS trading if you have the DISCIPLINE to trade properly controlling your FEAR , GREED and as I just explained your EGO.

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4. Dec 7, 2018 8:08pm

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4. Feb 24, 2018 11:17am

 

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From a Thread called Knowledge Is Power
Copy and Paste


We welcome constructive criticism and well founded discussion. Inflammatory, rude, repetitive, offensive, off-topic or otherwise disruptive messages designed intentionally to annoy, stimulate or antagonize the existing members or alter the flow of discussion are NOT welcome and will be reported to the moderator team.

I will also start a sister-thread as a digest and to store all the cream from this thread and also as storage for all indicators posted for ease of reference.

10 Trading Rules for Successful Traders
1. Limit your losses.
2. Let your profits run.
3. Keep position sizes within reason.
4. Know your risk-reward ration.
5. Be adequately capitalised.
6. Dont fight the trend.
7. Never add to losing positions. Dont average out.
8. Know market expectations.
9. Learn from your mistakes keep a trading journal.
10. Have a maximum loss or retracement in profits.


For beginners, please read this free Forex education material and learn to be a successful trader: www.BabyPips.com

And also you are advised to read these excellent books:
1. Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings (Wiley Trading) (Hardcover) - by Kathy Lien

2. Technical Analysis of the Currency Market: Classic Techniques for Profiting from Market Swings and Trader Sentiment (Wiley Trading) (Hardcover) By Boris Schlossberg

3.High Probability Trading Setups for the Currency Market By Boris Schlossberg, Kathy Lien


You can preview the 1st and 3rd books here:
http://books.google.com.my/books?id=...sec=frontcover

http://books.google.com.my/books?id=...+lien%22&psp=1

The Essence of the 3rd book is here:
1. Never let a winner turn into a loser
2. Logic wins, impulse kills
3. Never risk more than 2% per trade
4. Trigger fundamentally, enter and exit technically
5. Always pair strong with weak
6. Being right but being early simply mean you are wrong
7. Know the difference between scaling in and adding to a loser
8. What is mathematically optimal is psychologically impossible
9. Risk can be and is predetermined but reward is unpredictable
10. No excuses, ever

BEWARE:
Why Currency Trading Is Not For Everyone?
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for everyone. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Remember, you could sustain a loss of some or all of your initial investment, which means that you should not invest money that you cannot afford to lose. If you have any doubts, it is advisable to seek advice from an independent financial advisor.

RISK WARNING: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your monetary objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore you should not speculate with capital that you cannot afford to lose. You may be liable for losses that exceed the amount of margin that you post. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent advisor if you have any doubts. Past returns are not indicative of future results.

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4. Dec 10, 2018 7:15am | Edited at 7:34am

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Good Morning Forex Traders

I have just shorted 50 units of US30 (Dow 30)

There is RISK OFF this morning and many Geopolitical risks out there over the next 72 hours.

There is the bail hearing in Vancouver today concerning the woman business executive from China. There is major risk or reward if she is given bail.

We have the Brexit vote tomorrow.

We have Macron making a Major announcement in France today concerning the riots over the last four weeks.

None of these matters have anything to do with technical indicators and that is why most Forex traders both retail and commercial lose 95% of their trading capital.

So we have fundamentals in the Geopolitical area and of course we have the regular fundamental information coming out each day that effect markets of all types.

The MOST IMPORTANT Fundamental and the one that gives me my Trading EDGE is "MONEYFLOW" as all asset classes change in value as money flows depending on RISK ON or RISK OFF.

Then of course there is the most IMPORTANT matter of RISK MANAGEMENT where if you do not trade with enough capital or protect your capital you will have margin calls because of the great volatility since February 2, 2018 of this year.

Have a positive and productive Forex trading week.

The most important FACTOR in becoming a successful and satisfied Forex trader is yourself.

That is why I teach Forex traders both retail and commercial using a $50,000 US funds FXCM Demo Account over a three month period in order to have them trade with the proper amount of Forex trading capital and it allows me to see if they have the human qualifications to be able to deal with their FEAR and GREED which all humans have.

The EGO is usually the hardest thing to control and unless you have the DISCIPLINE to do the work and stick to your trading plans then you will not CUT your losses or take your profits.

The markets are always RIGHT until they are not and all your knowledge and hope and fear will not have any influence on the directions of the markets.


Benjaminis

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4. Dec 12, 2018 8:12pm

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Good Evening

UPDATE - December 12, 2018 8:06 PM

 

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4. Dec 11, 10:03am (34 hr ago) | Edited Dec 11, 10:23am

 

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I have made my Forex trade exactly as my Trade Plan this morning called for.

NO TECHNICAL INDICATOR could have made that trade.

The human must make the trade. Technical indicators are only a SNAPSHOT of the IMMEDIATE.

I entered the Forex trade at 9:16 AM and closed my position automatically by using my Limit Out set in advance at $500 US Dollars.

The profit for today on just one Forex trade is $503.25 US dollars.

I have now done 5 Forex trades since December 4, 2018 so after one week of Forex trading and the Net Profit is $2436.25 US dollars. That is almost 5% for the month in one week of trading.

Just think about that. I have reached the number that most professional Forex traders would be most happy to reach and it was done without much effort or risk of loss of capital.

Of course I have invested 15 years of my life since 2003 to reach this stage of excellence.

It is important to have the DISCIPLINE to not trade just to trade. It is important to be patient and think and plan your trades.

Most Forex traders are doing nothing more than gambling.

My results show that I am making an educated investment by working on reward and controlling risk while knowing exactly what my Trade plan is and where my entry and exit points are.

Anyone that is serious and really wants to become a successful and professional Forex trader just needs to invest time and effort to determine if you have the skills and interest to make money trading Forex.


Benjaminis

UPDATE: December 12, 2018 8:08 PM

I have done two more Forex trades today as you can see from my screenshots. I have now done 7 Forex trades since I started trading this demo account on December 4, 2018.

My two trades this afternoon were done and both my limit outs were reached. The net profits were $1504.25 So the 7 Forex trades have produced Net Profit of $3941.00 US dollars.
Attached Image (click to enlarge)
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1. Post 5,010
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4. Dec 13, 2018 3:24pm | Edited at 3:38pm

1. https://cdn-assets.faireconomy.media...ar392875_1.gif BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 4,452 Posts | Online Now

Attached Image (click to enlarge)
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Good Afternoon

I have finished my Forex trading for today. I had done seven winning Forex traders since I started trading this FXCM UK $50,000 US dollars Demo Account from December 4, 2018 to December 12, 2018. Today I did another 7 Forex Trades.

The profit on my 7 Winning Forex trades was $2344.00 US dollars.

So in total I have done 14 winning Forex trades in a row in 10 days of trading.

I started with Capital of $50,000 US dollars. The balance now with all positions closed as you can see on the screenshot is now $56,485.00 Us dollars.

So I am up by 13% Return on Investment. (ROI)

The best that the Top Professional Forex Traders can achieve is 5% each month and that is not always the case year over year. I will surely reach my 20% target level.

I am in no way doing anything other than speaking the truth and showing my trading and teaching skills.

So if you want to see if you have what it takes then the next action is up to you.


Take care and be well.

Benjaminis
BWM

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4. Dec 18, 2018 3:18pm

1. https://cdn-assets.faireconomy.media...ar392875_1.gif BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 4,453 Posts | Online Now

Good Afternoon

I did one quick in out Forex trade as we went to Risk Off. I now have accomplised my pre set goal in 15 days. I am now over $10,000 US dollars in profit.

Return on Investment of 20%

Yes , I am that skilled and stand apart from most Forex traders in the world.

It fells great to set a goal and tell the world what you can and will do and then perform without a safety net.

I have made 26 winning Forex trades in a row. $60,050.95 US dollars is the balance in the account. I will post my screenshot later.


Benjamin is calm and relaxed.
BWM

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4. Dec 18, 2018 9:58pm | Edited Dec 19, 2018 8:56pm

1. https://cdn-assets.faireconomy.media...ar392875_1.gif BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 4,454 Posts | Online Now

Attached Image (click to enlarge)
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Good Evening December 19, 2018 8:42 PM

Before today became here was my last summary of my 26 Forex trades.

Good Afternoon

I did one quick in out Forex trade as we went to Risk Off. I now have accomplished my pre set goal in 15 days. I am now over $10,000 US dollars in profit.

Return on Investment of 20%

Yes , I am that skilled and stand apart from most Forex traders in the world.

It fells great to set a goal and tell the world what you can and will do and then perform without a safety net.

I have made 26 winning Forex trades in a row. $60,050.95 US dollars is the balance in the account. I will post my screenshot later.


Benjamin is calm and relaxed.
BWM

December 19, 2018 8:42 PM

Today as you can see from my screenshot I have done more Forex trades.

I traded the rate hike and rate hike announcement and followed the "MONEYFLOW" as more Forex traders and equity traders heard the news.

WE went to RISK OFF and I took advantage of this to make another 13 Forex trades and I had my first loss.

That felt great since now I did not need to be PERFECT anymore. That is my HIGH STANDARD so since even myself is not perfect then my record now is 39 Forex trades with my record being 38 to 1 in winning VS losing trades. It was for a loss of $33.50 US dollars on my 30TH Forex trade.

My NEW Cash Balance is now $64,593.95 US dollars SO my trading Net Profit in a few hours of Forex trading after 2 PM was $4543.00 US Dollars.


Benjaminis
BWM

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4. Dec 23, 2018 7:15am

1. otnishan
2. | Joined Jun 2010 | Status: Member | 58 Posts

[quote=BenjaminIs;11800236]Post 214 Cleanup Quote Dec 18, 2016 4:20pm BenjaminIs | Commercial Member | Joined Dec 2014 | 4,157 Posts | Online Now UPDATE ON TRADING COURSE !!! I have 3 Forex Traders now and have space for 3 more so Welcome Aboard !!! Good Morning We now have three demo accounts open with FXCM UK. I want to welcome our third Forex Trader.


hello,
may i subscribe in your third trader,would you tell me, how to subscribe in?
thanks

COMMENTS FOR otnishan: What Happened ?


Benjaminis

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4. Dec 23, 2018 1:31pm

1. https://cdn-assets.faireconomy.media...ar392875_1.gif BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 4,456 Posts | Online Now

Quoting otnishan
Quoting BenjaminIs
Post 214 Cleanup Quote Dec 18, 2016 4:20pm BenjaminIs | Commercial Member | Joined Dec 2014 | 4,157 Posts | Online Now UPDATE ON TRADING COURSE !!! I have 3 Forex Traders now and have space
...

 

1. Post 5,022
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4. Dec 14, 2018 10:37pm

 

1. BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 4,198 Posts | Online Now

https://www.forexfactory.com/brokers.php?broker=fcm

http://www.fxcmukdemoaccount.com/

CLICK HERE TO OPEN $50,000 US dollars Demo Account

https://www.fxcm.com/uk/forex-tradin...2xQJ1SWabw_wcB

Enter Account With Currency in US dollars.

Post here your account number and send me your 4 number password so that I can log on to your account and set up your platform for you.

PLEASE POST ANY QUESTIONS THAT YOU HAVE HERE ON THIS THREAD !!!


Benjaminis

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4. Dec 24, 2018 8:35am

1. https://cdn-assets.faireconomy.media...ar392875_1.gif BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 4,457 Posts | Online Now

Attached Image (click to enlarge)
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Hello

This is your account. This is the screenshot. You have done great. Your first Forex trade was closed as you can see and you have a profit of $415.00 US dollars. Click on reports to do a summary.

Post your questions on our thread.


Benjaminis

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4. Dec 31, 2018 7:54am

1. https://cdn-assets.faireconomy.media...ar392875_1.gif BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 4,458 Posts | Online Now

Attached Image (click to enlarge)
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Good Morning

It is time for you to learn how to trade Forex using your Demo Account. Here are your last questions and post. It is important that you find one hour each day otherwise you will not learn very well. DISCIPLINE IS KEY !!!

 

1. Dec 29, 10:27am (45 hr ago)

 

1. BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 4,240 Posts | Online Now

Quoting otnishan
thanks for the answer benj, FROM POST 4530: I use RISK OFF if when North America Equity markets open at 9:30 AM New York Time as selling off. I also need to see the SP500 as selling off as well. HOWEVER things can change in seconds so there are KEY Points to watch between 9:30 AM and 10:00 AM. This is option expiry at 10:00 AM each day and news releases at 10:00 AM if there are any. Then we use Charts (5 Minutes) to see Top and Bottom of Range. We only short if we sense Top of the Range. Can you post SCREENSHOTS of charts ? FROM POST 4605 :Now we...
Good Morning

Your Questions ...


QUESTION : 1 -do you determine risk off/on by looking us30 chart and sp500, if between 9.30-10 am est these charts are down,so today is RISK OFF,on the contrary is RISK ON ?

Benjaminis: The CHARTS DETERMINE NOTHING. The Charts are just an XRAY of the PAST and the PRESENT. The only thing that the charts are useful for is to look at where the charts are as to supply and demand and to see what everyone else in the world sees. The charts are sometimes used to manipulate the traders. Please post any follow up questions that you may have.

2- any theme in news related to determine if today is risk on/off?

Benjaminis: The only theme is what type of news is out there that can be seen to be negative or positive.

3- if there is any news related in determining risk on/off,how to formulating theme selection?

Benjaminis: For this you need to follow the Money Flow which is determined by RISK OFF or RISK ON so if the Dow 30 is heading down WE have RISK OFF. Pretty Simple , Isn't it ?

4- is there a day without risk on/off ( mixed day)

In today's Forex trading environment there are wild swings both ways as we all can see.

COMMENTS FROM BENJAMINIS: As you can see by my putting past posts up if you CANNOT find at least one hour each day every day to learn then it is IMPOSSIBLE to learn. That is called Common Sense.

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4. Jan 6, 2019 7:34am

1. https://cdn-assets.faireconomy.media...ar392875_1.gif BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 4,459 Posts | Online Now

Quoting otnishan
{image} happy weekend, {file} i only use my ll supdem v2 indicator with my mt4 terminal (red and green rectangle),and news about stop and option in forexlive (yellow line) so i dont trust any indicator besides supdem indi ( got a bad experience with them ). this EURUSD M15 CHART, SUPPORT RESISSTANCE ON H1 THANKS
Good Morning

Your charts are excellent and perhaps you can post certain charts once a day on this thread. Now to get to some of your thoughts and my thoughts.

I would not trade EUR/USD at this point in time because we cannot be sure of the TREND. There are too many factors not known and so it is not a good trade at the moment. Your charts and ALL your indicators CANNOT know the future. That is why approximately 75% of all traders lose money because they are looking at the past and the present HOWEVER cannot be certain about the NEXT SECOND. One word from the FED or the President can cause a move of hundred's of pips.

On my next post I will answer your other questions.


Benjaminis
BWM