Forex Tips - How you can benefit from at least 200 pips each week Forex Trading ~ Forex trading pip

Thursday, July 14, 2011

Forex Tips - How you can benefit from at least 200 pips each week Forex Trading

8:20 PM

Forex Bond

200 points profit from the forex market can look pretty for the most part (perhaps including you) out of range, if you have not been there, done. This logic is very simple to understand here - we consider a trader who can consistently nail an average of 200 pips from the forex market every week, this type of profit target can be overwhelming to him / her no longer. On the other hand, if the type of dealers who are struggling to make 50-80 pips per week, this target of 200 pipsperhaps as an impossible goal for you (at least so far) seem to be. However, nothing is difficult or impossible to dismantle everything and until you try to understand the process so easy - even for this strategy to gain 200 pips per week.

Allow me the details below:

Forex Trading Pip

In currency trading is "consistent" is really the key to success will be continuously month after month and for a long time. Nothing is better than this reality, I'm sure. So instead of thinking about how200 pips a week, just to break rather than just 40 pips a day. Not just 40 pips a very realistic goal, but it is also a goal "unrealistic". Why do I say so?

At least 150 pips - Because available for almost all currency pairs to trade, would be their pips daily average between 100 Therefore, if for only 40 pips from this area with the goal, is certainly very doable if you know some facts proven that I share here. For thisSo I leave you with the EUR / USD for my explanation of this strategy. This is one of the two most commonly traded, and liquidity is good, anyway.

Here are some tips for you, 40 pips to guarantee the goal with confidence:

1) Always On Bigger the time-frames like 1 hour or 4 hours of trading

Looking to the longer period of time, the projection actually "bigger" market price. Therefore, not only are you looking at signals and more reliable modelsTraining from the table, but not that hard, after all, compared to 1 minute or 5 minutes instead of rigid graphs.

2) You should have a good "risk / reward" of at least 1.5 times of Commerce

Forex trading is just a game of chance, after all. As long as you have less of what you win every time and rinse simple and repeated many losing trades, you are in the area "positive" profit every month. Then, using a risk / reward ratio of 1.5 times, you would be planningTake profit at 45 pips (it applies to a pair such as EUR / USD) per unit of time and stop loss at 30 pips. If you strictly adhere to this report, every time you gain 45 pips, but if you lose, it is only 30 pips.

Losing to win less and more - that's what I called!

3) Learn Forex Trading Strategies & Sideway trend for the market

In the forex market, is both the market goes sideways (between) or trends. And the beauty is we can definitely nail the nuclei (gains)You need both market conditions, if you have some different strategies for each market.

To really put all the chances on your side, it is not good to apply a single strategy for all market participants, as in this case, did not always successful in the long run, or maybe just "break even" maybe. So, what you should do a good strategy is for both parties and establish trends are in your basket trading. And the best strategies should be based on price action isitself.

Why?

This is because the price action can not keep pace and the "clues" can be deduced from the 'current market price action, the most reliable. Compared to the other side, if you too focused on the so-called "indicators technical manual," you are suffering from more confusion and uncertainty, because they are usually far behind, and not as reliable as the price action.

After you follow these three proven tips, would not your efforts to make 200 pips a weeksuch a challenge. He would surely leak, but if only 2 times a day (with TP 45 pips SL 30 pips &) and trade your strategies are correct only 50% - 200 pips by the end of the week is very doable, indeed! If you want to set up so that your mindset and negotiating skills, try to make 200 pips per week, and familiarize yourself with these 3 rules with a demo account.

Once you can "always" having many repeated 200 pips a week, you cango on a live trading account, if you want. 200 pips a week would be around about 800 pips per month. Now you know how this kind of help pips at risk given the size of only 2 -3% increase each time? I'd say it's enough to make most of the retailers around the world "full of envy" when they know that your success in Forex!

Forex Tips - How you can benefit from at least 200 pips each week Forex Trading