50 pips a day forex trading strategy. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE This forex day trading strategy is all about making 50 pips a day - okay this is not guaranteed in real life but its very systematic; its either making 50 pips or nothing. The theory behind this trading strategy is as follows. We have money flowing round the world with the currency markets 7 days a week; we get the London session, the European, USA session and the Asian session and then they start all over again. The theory of this system is that as any of these sessions open we trade the currency pair that is dominant; so for the London session open we trade the GBP/USD and when the Asian session opens we trade the USD/JPY..etc Its a bit ambigous sometimes what the time of the open is. In this strategy we take the first hour's range of whichever market we're looking at. The theory is I go long when I break above and go short when I break below. This is a very systematic strategy that has potential.
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this makes it really easy to trade. and the RR is really good because before opening sessions markets are usually in a range so my stop losses are tight and the direction is very easy to decide as its usually followed by a really strong candle. Thanks for the tips!
This is a very good strategy. If you add a 200 ema and trend in the direction of the trend you get very good results. Also you have to be aware of the news that affect the GBP. I take profits at the close of the daily candle. I back tested the system for a year and it’s very profitable.
Many reasons forex is tough but one thing I see so much is a strategy like this. I think it’s good. The guy kinda does but it needs more reasons to take or not to. This game is about confluence. Can’t take one signal and consistently win.
If you are trading a set number like 50 pips for every currency pair you aren't going to do very well, this is an interesting strategy but you would obviously need to proportion your risk correctly for each pair. 50 pips won't be the same dollar value on every pair, use the ATR to see an average of how many pips move within certain time frames and aim for that amount of pips or less. This is always how you should decide TP and SL for each pair you trade
Tjek weekdays that does not perform. It might be sunday, monday and friday.
Put in some kind of moving average and take only trades in the trend direction. Not trend direction - then don´t trade
Trade several pairs to reduce risk.
Sell half of the investment at 30 pips gain and set break even on the rest.
Often the price change direction at 5 pm. So maybe take the profit every day at 5 pm (GMT).
Omg my apologies I said this strategy was more like a gamble..but now I just read it properly on another website...back tested as far back as 6months on EUR/USD ...GBP/USD and it works ...goodness me🤯🤯
If you take a 50/50 gamble, it's okay if you have proper risk management. If the outcome of an event (a trade in this case) is 50 / 50, I just need to win more money than I lose, and if that 50 / 50 is consistent, then you will make money. i.e., if I trade with a 50 pip goal and a 10 pip stop loss at 1 lot, you will lose $100 if you fail, and you will gain $500 if you win. If your win / loss ratio is 50 / 50, you make on average $400 of profit. Of course this varies with trading conditions, but it looks to be promising.
Money makes the world go round but people sleep at some point of the day.... there are several market opens and closes that why its 24 hours.... its not a central market its just a global market of money exchange around the world.........
He is referring to the local market opening. If you reside in the US and it's convenient, use the NY time at 8:00 am. In the UK it would be 8:00 GMT, and the same rule would apply for the market where you live. The London open accounts for +-30% of the market volume so it is the biggest mover. The strategy takes into account the momentum already in the market when all the institutional traders sit at their PC's and decide to place their first trades of the day. It does not take any fundamentals into consideration, so if the fund traders decide to short when all your indicators are telling you to buy you will get eaten. There are a lot of videos on the 'London Breakout', find one that suits you.
iv been trading 4 years now from my personal experience the opening is the most risky time to trade. I don't trade the open or the news. trade in the afternoon after watching how the market performs through the day and there is nothing worse than starting the day off with a loss. I watch gbp/usd constantly and only that market . stick to one market and understand how it moves. the more you watch your brain will spot opportunities. Iv 8 screen trading pc this is a must watch on 1/5/15 30/60/4h /daily all at the same time. This has worked best for me not saying its for everybody. Iv lost a fortune in the past. you have to lose a lot before you make it work. Losing money actually helps you learn. Practice account is useless apart from getting to know your way round the platform.fake money doesn't help you learn
Una estrategia interesante de manera de obtener una ganancia. Realmente la estadistica juega un papel fundamental en los negocios. Con esta herramienta se puede garantizar el exito del negocio. Buen video
When I watched this video at the beginning, I thought it was just a kind of normal video, but when I started watching it, I realized that it was not a simple and instructive video)) I really appreciate the author of the video to explain everything and it seemed like excellent thank you very much
It seems that one has to take at least one loss with this strategy and if there is a reversal before 50 pips are reached, then there will be two. So, instead of opening two positions, you can open the one that is trending and hope for the best since you will be stopped anyway unless there is an immediate reversal and, if so, you could open a position with the new trend and wait That does not happen. Do not reverse too. But, of course, just opening a position based solely on where the market is exactly one hour after the negotiation has begun puts you in the realm of the donkey tail pins.
For me personally bank policy is the most important thing to look at due this report usually drives market for the quarter of the year..yes,other economic data such as bank rates and major data gives market strength or kill the participant in a second..if you master the fundamental,then combine it with you regular technical analysis..you will be much better trader in a future. Strict discipline and decent strategy,you will see result in instant fam..
excellent video where great strategies are shown by this man who explains in detail each of them to improve both the negotiations running professionally in our lives and day to day. recommended one hundred percent for all people a great video with a lot of important information
the truth that this video contains enough information of interest which helps us to know about superior strategy.
to others and I'm following your channel esoy very aware of each video you upload to the network,
a big hug chao.
On hindsight, anyone can be an expert forex trade "guru". All you need to do is to open a past trading chart and simply explain away "how would you place a buy or a sell and win" according to the chart :):)
hen everyone would become a trader if it’s so easy... with this strategy you are ignoring the fundamentals such as swing low/high creating resistance to where you should and should not place a trade, Fibonacci, reversal zones etc. If you want to make money trading you have to put in work, and when I say work I don’t mean watching a 10min video on the weekend.
It's a bit vague, you should let your trades carry on, like in the first example if you let the trade develop there was a peak, you would have made profits instead of exiting as soon as you see a bearish reversal, 50 pips per day isn't much either, unless you trade really large lot sizes, I can make 150-200 a day easily using EWA MA and SO, as well as fib exp and retracements, it seems you're just trading on the basis of sentiment and price action.
very educational and interesting, it teaches us how to eloborate a good strategy, for our business in a very effective and simple way. from my part thumb up and full subscription. I congratulate you, continue this way, helping more people to be enterprising and productive.
Your strategy either works long term or it doesn't. If this 50 pips a day worked 60% of the time with just a 1:1 profit/loss ratio you'd make a lot of money in the long run and wouldn't need to change anything. Making money in Forex is about finding a trading system that works and doing it over and over again with exact objective criteria. No changes unless strategy doesn't work long term
Your strategy either works long term or it doesn't. If this 50 pips a day worked 60% of the time with just a 1:1 profit/loss ratio you'd make a lot of money in the long run and wouldn't need to change anything. Making money in Forex is about finding a trading system that works and doing it over and over again with exact objective criteria. No changes unless strategy doesn't work long term.
Your strategy works long-term or not. If this 50 pips per day worked 60% of the time with only a gain / loss ratio of 1: 1 you would make a lot of money in the long term and you would not need to change anything. Making money in Forex is about finding a commercial system that works and doing it over and over again with exact objective criteria. No changes unless the strategy does not work in the long term.
50 pips a day forex trading strategy is important and interesting for all people who are interested in buying and selling currencies, it presents several strategies that can be implemented when starting in this type of business.
Trading stocks typically have the lowest fees on eToro, which is one reason why I recommend you stick to this market when starting out.
All trades charge both a spread and daily rollover fees.
It really comes down to individual trading strategies and preference. But to give you an idea, I tend to hold on to stocks for a minimum of 6 months and all other trades tend to have an average duration of about two-three weeks.
A final word on over-trading.
This is a point that I want to expand on a little more, specifically in relation to copying other traders. Below is a screenshot of my equity chart over six months. The red line shows the number of people copying me.
My equity vs copiers chart.
The same holds true for the stock market in general.
Long-term growth of UK stock market.
How to Start Trading Cryptocurrencies.
Cryptocurrency trading can be extremely profitable if you know what you are doing, but it can also lead to disaster. Even though most traders decide to either go with fiat or bitcoin, other cryptocurrencies can represent viable income sources, as long you as you tread carefully and understand what you are doing. This guide is for those who want to start getting involved in cryptocurrency trading.
Where to trade.