Forwarded from FOREX VIP
Let's welcome all new members
Here you will find Account Management , Free VIP Signals , Educational materials for all trader levels, Fundamental Knowledge
Keep following to trade like the Bank
Good Luck
Here you will find Account Management , Free VIP Signals , Educational materials for all trader levels, Fundamental Knowledge
Keep following to trade like the Bank
Good Luck
Forwarded from FOREX VIP
Forex is so specific that even a winning trade can be bad, and a losing trade can be good.
๐ก A good trade is a trade executed and managed according to your trading plan.
Suppose your system calls for a long position when 100 and 200 SMA cross and Stochastic reaches oversold territory. You see the market moving and you feel the urge to enter it, but you wait until the signals of the system equalize before you enter a trade.
And then the system gives the green light, and you open a long position. The trade works for you for a while, but eventually it changes and you get a stop loss.
It was a good losing trade! It may not have made any profit, but you showed discipline and adhered to your trading rules.
๐งจ Bad profitable trade
Now, let's say your trading rules say you don't risk more than 5% on a single trade. But you notice a nice setup on USD / JPY, which you think is a high probability trade. You can't resist, so you end up taking a trade and betting 20% of your account.
When all is said and done, the trade is a winning one.
No need to celebrate, buddy. You just had a bad profitable trade! ๐ข
This may have led to huge profits, but in doing so, you broke your rules. You are lucky that the trade worked out in your favor, but keep in mind that in the forex world, luck can run dry very quickly...
๐ก A good trade is a trade executed and managed according to your trading plan.
Suppose your system calls for a long position when 100 and 200 SMA cross and Stochastic reaches oversold territory. You see the market moving and you feel the urge to enter it, but you wait until the signals of the system equalize before you enter a trade.
And then the system gives the green light, and you open a long position. The trade works for you for a while, but eventually it changes and you get a stop loss.
It was a good losing trade! It may not have made any profit, but you showed discipline and adhered to your trading rules.
๐งจ Bad profitable trade
Now, let's say your trading rules say you don't risk more than 5% on a single trade. But you notice a nice setup on USD / JPY, which you think is a high probability trade. You can't resist, so you end up taking a trade and betting 20% of your account.
When all is said and done, the trade is a winning one.
No need to celebrate, buddy. You just had a bad profitable trade! ๐ข
This may have led to huge profits, but in doing so, you broke your rules. You are lucky that the trade worked out in your favor, but keep in mind that in the forex world, luck can run dry very quickly...
Forwarded from FOREX VIP
โ๏ธ DOWJ VIP Signal Today Hit TP1๐ฅ๐ฅ๐ฏโ120 PIPS ๐ต๐ฅ ๐๐ close half order and move SL to break-even if u r conservative trader or u have small account ๐
Forwarded from FOREX VIP
โ๏ธ DOWJ VIP Signal Today Hit TP1๐ฅ๐ฅ๐ฏโ120 PIPS ๐ต๐ฅ ๐๐
Forwarded from FOREX VIP
โ๏ธToday Profits of our Account Management Service
๐Closed trades๐
๐Forex Signals Team ๐
๐Closed trades๐
๐Forex Signals Team ๐
Forwarded from FOREX VIP
โ๏ธToday Profits of our Account Management Service
๐Closed trades๐
๐Forex Signals Team ๐
๐Closed trades๐
๐Forex Signals Team ๐
Forwarded from FOREX VIP
โ๏ธToday Profits of our Account Management Service
๐Closed trades๐
๐Forex Signals Team ๐
๐Closed trades๐
๐Forex Signals Team ๐
Forwarded from FOREX VIP
โ๏ธToday Profits of our Account Management Service
๐Closed trades๐
๐Forex Signals Team ๐
๐Closed trades๐
๐Forex Signals Team ๐
Forwarded from FOREX VIP
โ๏ธ EURNZD VIP Signal Today Hit TP1๐ฅ๐ฅ๐ฏโ65 PIPS ๐ต๐ฅ ๐๐ close half order and move SL to break-even if u r conservative trader or u have small account ๐
Forwarded from FOREX VIP
โ๏ธ EURNZD VIP Signal Today Hit TP1๐ฅ๐ฅ๐ฏโ65 PIPS ๐ต๐ฅ ๐๐
Forwarded from FOREX VIP
โ๏ธ GBPNZD VIP Signal Today Hit TP1๐ฅ๐ฅ๐ฏโ55 PIPS ๐ต๐ฅ ๐๐ close half order and move SL to break-even if u r conservative trader or u have small account ๐