Forwarded from VIP The Royal Matador
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)
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)
Forwarded from VIP The Royal Matador
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 🤟🏻
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 🤟🏻
Forwarded from VIP The Royal Matador
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)
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)
Forwarded from VIP The Royal Matador
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!
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!
💰SELL EUR/JPY Now @ 136.051
🔻SL :- 136.801
🔸TP1:- 135.851
🔸TP2:- 135.551
🔸TP3:- 135.051
🔹2% Risk per trade 👈Instruction ✅
All CopyRights © Reserved.
🔻SL :- 136.801
🔸TP1:- 135.851
🔸TP2:- 135.551
🔸TP3:- 135.051
🔹2% Risk per trade 👈Instruction ✅
All CopyRights © Reserved.
Forwarded from VIP The Royal Matador
XAUUSD Sell now 1864(scalping)
TP1: 1862.50
TP2: 1861.00
TP3: 1858.00
SL: 1869.00
Use suitable lot sizes based on your capital. Money management is key
TP1: 1862.50
TP2: 1861.00
TP3: 1858.00
SL: 1869.00
Use suitable lot sizes based on your capital. Money management is key
The Royal Matador FX
XAUUSD Sell now 1864(scalping) TP1: 1862.50 TP2: 1861.00 TP3: 1858.00 SL: 1869.00 Use suitable lot sizes based on your capital. Money management is key
You may close all if satisfied or set be to trade at zero risk