Follow the trend - ForexFactory #1070105
Just follow the damn trend and you'll make huge profits . (That's not an exaggeration)
The maximum risk is 2% of your capital.
You only have one of two choices: win rate or risk-reward?
I chose the former because I like to win and I'm average. rr is 1 to 1
Any entry method will work, but I prefer breakouts.
Find a good exit strategy and I exit whenever there is a daily chart pin-bar.
Yes, I only trade daily timeframe, the profits are higher.
Anyone who thinks they have to trade every day is a fool. (losing trader)
edit:
The goal here is to become a consistently profitable trader and not to double your money in two weeks.
When you make consistent profits, investors will give you money, and that's where the big money comes from.
Try to achieve 60% win rate and 1 vs 1 rr for 6 months and voila! You are consistently profitable . It's that simple .
Figure out how to manage your trades. The entries are the least important, besides MM & Psychology the most important thing is how to identify trends .
Let me give you a hint: market structure .
It's so damn easy.
If you are new to trading, you may want to lose some money first until you feel numb. Losses are necessary.
The maximum risk is 2% of your capital.
You only have one of two choices: win rate or risk-reward?
I chose the former because I like to win and I'm average. rr is 1 to 1
Any entry method will work, but I prefer breakouts.
Find a good exit strategy and I exit whenever there is a daily chart pin-bar.
Yes, I only trade daily timeframe, the profits are higher.
Anyone who thinks they have to trade every day is a fool. (losing trader)
edit:
The goal here is to become a consistently profitable trader and not to double your money in two weeks.
When you make consistent profits, investors will give you money, and that's where the big money comes from.
Try to achieve 60% win rate and 1 vs 1 rr for 6 months and voila! You are consistently profitable . It's that simple .
Figure out how to manage your trades. The entries are the least important, besides MM & Psychology the most important thing is how to identify trends .
Let me give you a hint: market structure .
It's so damn easy.
If you are new to trading, you may want to lose some money first until you feel numb. Losses are necessary.


















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