Done +32pips hit TP1 🚀🚀🚀

Again.. hit take profit in Vip

XAUUSD Sell now 1861.30

TP1: 1859.80
TP2: 1858.30
TP3: 1855.30
SL: 1866.30

Use suitable lot sizes based on your capital. Money management is key

Layer sell now 1862.60-1864.60

📈 USDCAD SELL 📈
👉🏻 1.2783
💰Take Profit 1 - 1.2733
💰Take Profit 2 - 1.2683
💰Take Profit 3 - 1.2633
❌Stop loss - 1.2883

📈 GBPCAD BUY 📈
👉🏻 1.6072
💰Take Profit 1 - 1.6122
💰Take Profit 2 - 1.6172
💰Take Profit 3 - 1.6222
❌Stop loss - 1.5972

Tick tick boOm! Hit TP2 +50pips Running🔥

Come on guys, this is Sir !!! ✅

Percentage in Points (PIP)

PIP is the value of change in a pair. It is the price movement that can be made with an exchanged rate of the forex market.

So how do you calculate it?

Sample:

BUY SIGNAL @ 1.24683
TP: 1.25683
SL: 1.24583

Your TP is +100 PIP and your SL is -10 PIP 😌

Using Leverage in Trading

Leverage enables your trading strategy by using money that you loan. The goal is to make big profits!

Leverage Types

1:1 = 100%
1:50 = 2%
1:100 = 1%
1:200 = 0.5%
1:1000 - 0.1%

Remember, leverage comes with its dangers too if you don’t know how to utilise it.

You can overtrade, increase your changes of Margin Call (Total Loss) and the higher the leverage you take, the higher the risks.

Always know your risks before going into a trade okay!

Bid, Ask & Spread

These are terms that you must familiarise yourself with immediately before you start trading on any platform.

Bid: The price you SELL
Ask: The price you BUY (Usually higher than Bid)
Spread: Broker charges

Every pair has different spread set. Some brokers used fixed spreads and there are those that charge in the shape of floating trades or even, both.

How to Reduce Risks When Trading

You must ALWAYS set your Stop Loss (SL) and Take Profit (TP) on each entry. This is the only way you can calculate the risks you take properly and make calculated decisions.

Take Profit
Set a target and take profit. It can be divided into 20 PIPS to 100 PIPS.

Stop Loss
Limit whatever losses you may face. This can be used from entry of 30 PIPS to 50 PIPS.

Use a step win ratio!
1:2 = 10 PIPS (SL) : 20 PIPS (TP)

Setting your Breakeven (BE)

BE is a step to protect your capital or balance from experiencing any loss after making profit!

Basically, making bits of profit while minimising any losses when trading.

You can set your BE by shifting your SL to before price action.

You can see a sample from the image above. Left is for Stop Loss (SL) and on the right is once Break Even (BE) has been done.

I hope this was useful to you 🤟🏻

So… what’s the difference?

Fundamental Analysis Trader 📊

Fundamental analysis trader (FA) is a trader with takes the market prediction using high impact news which covers economical, geopolitical or currency policies of a given country.

FA will analyse the data of a given country and judge based on what gives impact to the currency no matter how small or big.

Technical Analysis Trader 📈

Technical analysis trader (TA) is a trader which precits the market using chart analysis like taking price action in the area or using specific indicators like Supply & Demand (S&D), Support & Resistence (S&R), Trendline (TL), Moving Average (EMA), Relative Strength Index (RSI) and many more.

TA will only analyse a chart based on price action, pattern candlestick (CS) or with the help of indicators readily available on the trading platform (MT4/ Metatrader 4)

In the grouping of Technical Analysis Traders (TA), there are 3 types of traders with different targets and market approach:

1. Scalper trader
2. Intraday trader
3. Swing trader

1. Scalper Trader

In general, Scalpers always take small profits in short periods and smaller pips if compared to other traders.

Scalpers usually take profit in less than 2 hours with a pips count of around 15-30 pips

2. Intraday Trader

Intraday traders will leave their position running less than 24 hours in a day before they close or realise their profits.

Total targeted pips usually roam around 50-100 pips

3. Swing Trader

Swing traders are rare traders and more experienced as swinging one position is not an easy feat for new traders.

In executing a swing position, a trader must have a high level of patience to wait for the best setup to enter. They usually hold their positions for days, weeks, months and sometimes in a year.

Total pips targeted is usually above 100 pips!

Gold Buy Now

Gold Buy Now@1860.4-1857.4

Sl:1855

Tp1:1862
Tp2:1865

Hit 1st Tp 30 Pips done✅💯

Wohoooo waterfall & smash our tp 🤑

Done hit our tp1 +45pips ✅