As I have seen over 300 trader dowloaded this simple system within a few days, I am sure, many of them searching the Holy Grail, the easy and stressless method of trading forex.
Let me give you an advice to whom deaperately chase the systems which easier to trade, and I will spare for them years of frustration.
(I wish I could take this advice from somebody at the beginning of my trading carreer)
This system is not better, (nor worse) then any other system in this section of FF. The essence of forex is not in the system. I will explain why:
Regard it as a simple probability game, like tossing a coin. Head or tail, and over longer term you will hit around 50% . You do not need more.
The 50% hit rate in the tossing game, in longer term means zero balance, as 1 unit win, then 1 unit loose.
Then imagine, that you could loose at every entry only 1 monetary unit, like 1 dollar, and you could win you could win 2 dollars.
So the statistics works, at even 50% hit rate you will loose 5 times 1 dollar = 5 dollar, and would win 5 times 2 $ = 10 $.
So the balance =5$, what remains on your pocket.
That is what you need.
The forex systems here comes into the picture.
A graph regarded as a chaos, and there are occurs the same patterns again and again. That you have to learn what are them, and we mentioned it as a „setup” where have to entry.
You can bound (save) your loosing with stop , so you can control how much to loose, ( 1 unit) if you are not right at entry.
While you have to wait for to win 2 units, if you are right and the graph goes on the right direction.
This will provide you the so called 1:2 Risk/Reward ratio, wich statistically give the positive balance.
As George Soros the Hungarian-American trader said: It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong. ...
He knows something
That is only the technical part of it!
Most of the forex course teaching of the „right entry” and do not deals with the pshychological part of it, means how to maintan consystency, entering into the market, when ONLY there is a SETUP, and exit from the market ONLY when there is an EXIT SIGNAL.
If you do not control your emotion (fear of loss, and greediness to loose some opportunity) then simply could not maintain the POSITIVE risk/reward ratio, means longer term loss or bankruptcy.
That is exactly what happens the 95% of the traders, the herd.
Let's stop and think, see inside yourself, be honest to yourselt to answer this question: Are you mentally fit to trade your hard earned money in a market where nobody knows what will happen in the next moment?
If the answer is not, or if you did not understand what I wanted to say, then read this book: Trading in the Zone.
Let me give you an advice to whom deaperately chase the systems which easier to trade, and I will spare for them years of frustration.
(I wish I could take this advice from somebody at the beginning of my trading carreer)
This system is not better, (nor worse) then any other system in this section of FF. The essence of forex is not in the system. I will explain why:
Regard it as a simple probability game, like tossing a coin. Head or tail, and over longer term you will hit around 50% . You do not need more.
The 50% hit rate in the tossing game, in longer term means zero balance, as 1 unit win, then 1 unit loose.
Then imagine, that you could loose at every entry only 1 monetary unit, like 1 dollar, and you could win you could win 2 dollars.
So the statistics works, at even 50% hit rate you will loose 5 times 1 dollar = 5 dollar, and would win 5 times 2 $ = 10 $.
So the balance =5$, what remains on your pocket.
That is what you need.
The forex systems here comes into the picture.
A graph regarded as a chaos, and there are occurs the same patterns again and again. That you have to learn what are them, and we mentioned it as a „setup” where have to entry.
You can bound (save) your loosing with stop , so you can control how much to loose, ( 1 unit) if you are not right at entry.
While you have to wait for to win 2 units, if you are right and the graph goes on the right direction.
This will provide you the so called 1:2 Risk/Reward ratio, wich statistically give the positive balance.
As George Soros the Hungarian-American trader said: It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong. ...
He knows something
That is only the technical part of it!
Most of the forex course teaching of the „right entry” and do not deals with the pshychological part of it, means how to maintan consystency, entering into the market, when ONLY there is a SETUP, and exit from the market ONLY when there is an EXIT SIGNAL.
If you do not control your emotion (fear of loss, and greediness to loose some opportunity) then simply could not maintain the POSITIVE risk/reward ratio, means longer term loss or bankruptcy.
That is exactly what happens the 95% of the traders, the herd.
Let's stop and think, see inside yourself, be honest to yourselt to answer this question: Are you mentally fit to trade your hard earned money in a market where nobody knows what will happen in the next moment?
If the answer is not, or if you did not understand what I wanted to say, then read this book: Trading in the Zone.
100 pips a day, keeps the doctor away
