The future is here! Our kids are our future. Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt. After a while size means nothing. It gets back to whether you’re making 100% rate of return on $10,000 or $100 million dollars. It doesn’t make any difference. Everything in trading is relative. This is especially the case in the Forex market where a currency is only as strong or weak as indicated by its counterpart. But when it comes to profit and loss, the same rules of relativity apply. A 1% risk on a $10,000 account is the same as a 1% risk on a $100 million account. They are both one percent. The dollar amount is irrelevant. There is an important lesson to be learned here, and it has everything to do with position sizing. I hear too many traders say things like, “I’ll position size correctly once I have a larger account, but right now I need to build my small account as fast as possible.” The statement above is a death sentence for most traders. Having a small account is no excuse for improper position sizing. In fact, it’s likely the very reason that you don’t yet have a larger account. As I always say, forget about making money altogether. Instead, focus on the process of becoming a patient and disciplined trader and the profits will follow. DM me for more info on expert trading and making good profits from your investments! #forex#forextrading#entrepreneur#stocks#investing#bitcoin#bitcoinmining#bitcoinminer#bitcoinminer#bitcoinguru#bitcoinclub#bitcoinvalue#bitcoinnews#bitcointrader#bitcoinmoney#bitcoinwallet#bitcoinlife#bitcoinworld#bitcoinprice#bitcoininvest#cryptocurrency#crypto#cryptotrade#cryptos#cryptoworld#cryptonews#cryptomining#ethereum#ripple#litecoin
The closing price is one of the most important pieces of data on your chart. It can tell you a lot about a session,
The bullish power vs bearish power that session
If the market was able to break through a level
If the market was unable to break a level and caused a failed breakout
If the market was decisive or indecisive
Communicate the strength of a price action signal
to learn more chekc out the link in bio
“You can’t cheat the grind, it knows how much you have invested, it won’t give you anything you haven’t worked for.”
Just finished analysing this weeks performance on the markets. Overall another positive week, but we’ve found ourselves going against trend and momentum on too many occasions this week, which cuts down your profit targets as a scalper. This weekend we will be devoting some time to refine our entries so we are taking more trades with recent trend and momentum. We want to be trading in the same direction as the banks and institutions who move the market.
This is exactly why we decided to take on this mammoth task & you have Blue Chip Forex (Pty) Ltd... there are too many gimmicks & bullshit in Forex. It baffles me how many people fake through this...it’s mind blowing. Stop being fooled by lifestyle, mentors telling you about Ferrari’s you’ve never seen. The only important thing is analysis & execution of that analysis ONLY. We want to show people exactly what forex is. People deserve more than false hope & false prophets. #BlueChipForex#ForexTrading#Forex#Entrepreneur cc @maqaks@mnisithe@zulumbeke@nkosana2606
The chart is about a ranging market.as we said before, we trade ranging markets from support and resistance levels
here in this example, we had a good opportunity to short the market.
The false breakout of the resistance level is a nice entry point, as you can see the trade has a good risk to reward ratio
this trade made 545 pips . lot of money !!!
to learn more chekc out the link inbio
Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets. As traders, we are in the business of reacting. It’s one of the few professions where it pays to follow rather than lead. By allowing the market to make the first move, we can play defense while at the same time exploiting market inefficiencies. It’s not whether you’re right or wrong that’s important, it’s how much money you make when you’re right and how much you lose when you’re wrong. What’s your win rate? Is it above or below 50 percent? It doesn’t matter. And not just whether it’s above or below 50 percent; it doesn’t matter, period. Let’s pretend for a moment that after a given month of trading, you ended up with 7 losing trades and only 3 winning trades. So your win rate for the month was 30% – which would equate to an unprofitable month according to conventional wisdom.
But what if out of the three winning trades your average R-multiple was 3R?
The breakdown would look like this:
Winners: 4R, 3R, 2R
Losing trades were all 1R.
That means your winning trades totaled 9R while your losers totaled 7R. If you had risked 1% of your account balance on each trade, you would have ended the month with a 2% profit. And if you had risked 2% of your balance on each trade, you would have had a profit of 4%. Not bad considering that 70% of your trades lost money. DM me for more info on trading and how to make good profits from your investments! #forex#forextrading#entrepreneur#stocks#investing#bitcoin#bitcoinmining#bitcoinminer#bitcoinminer#bitcoinguru#bitcoinclub#bitcoinvalue#bitcoinnews#bitcointrader#bitcoinmoney#bitcoinwallet#bitcoinlife#bitcoinworld#bitcoinprice#bitcoininvest#cryptocurrency#crypto#cryptotrade#cryptos#cryptoworld#cryptonews#cryptomining#ethereum#ripple#litecoin