Tomorrow, you could begin doubling your account every single month starting with one letter.
The letter will come from a 20-year trading professional named Ian Cooper. He says, “In 2017, following my trades you would be doubling even tripling your account some months. Let me show you how.”
He will show you exactly what to do... and he’ll give you the blueprint for just $1.
If you choose to trade shorter-term using intraday charts, follow these easy steps.
Choose from one of the trending markets. Choose when you want to trade. The beauty of Forex markets is that you can choose your own hours. Trade when you want to trade. Choose a time frame that best suits your style of trading. If you decide to trade using 60-minute charts, combine it with an analysis of a daily chart which will give you a look at the bigger picture. If you decide on a 15-minute chart, make sure that you also look at the 60-minute.
Start your analysis with the longer-term chart and locate the nearest support and resistance areas. To help identify the current trend, add trend lines to the chart. Remember to look for both upward as well as downward sloping lines.
Consider adding an oscillator such as the RSI. If the RSI does not indicate that the market is overbought (above 70) or oversold (below 30), then consider adding Bollinger Bands. Bollinger Bands are a great visual aid as to the direction of the current market. When using Bollinger Bands, avoid taking a long position if the price is trading at or near the upper band. Similarly, avoid taking a short position if the price is near or at the lower band. Upper and lower Bollinger Bands should be looked at as resistance points.
When a market has been identified on the longer-term chart as being in an uptrend, the best trading opportunities come when a pull back has caused the shorter-term chart to become oversold. In these situations, if the RSI on the shorter-term chart is under 30 and it turns up, look for a reason to be a buyer. Just the opposite occurs in a downtrend. If you're using Bollinger Bands and the price is at or near the lower band, look to be a buyer.
Decide on an entry point. If your analysis is telling you that the market is likely to go higher, wait for a positive bar where the market closes in the upper portion of the trading range.
If you enter a trade based on the break of a trend line, choose a price that will clearly indicate that the trend line has been broken. Breaking a trend line by a few pips is not a clear break.
Decide where to place your stop. Not every trade will work, so never trade without a stop. Stops should be placed just beyond recent highs or lows. If your entry is based on breaking a trend line, your stop should be just on the other side of that trend line. It's just that easy and your risk is minimized.
Based on your entry price, calculate what your maximum loss would be if it turns out that your trade doesn't work. When you first start out, consider trading in a mini account where your risk is smaller.
Try to look at more than one market. If your favorite Forex pair happens to be the EUR/USD, be sure to look at 2 or 3 other 'trending' pairs as well.
PLEASE READ: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC’s website: All About Auto-Trading, TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. You should always consult with your own professional advisers regarding equities and options on equities trading.
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6) Some profit examples are based on hypothetical or simulated trading. This means the trades are not actual trades and instead are hypothetical trades based on real market prices at the time the recommendation is disseminated. No actual money is invested, nor are any trades executed. Hypothetical or simulated performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. Also, the hypothetical results do not include the costs of subscriptions, commissions, or other fees. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Simulated trading services in general are also designed with the benefit of hindsight, which may not be relevant to actual trading. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. TradeWins makes no representations or warranties that any account will or is likely to achieve profits similar to those shown.
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