## Nov 29 end of week results

With today’s profit of +15 pips the total result for this week becomes -19 pips.

Up to date total is 231-19 = +212 pips of profit

Up to date total is 231-19 = +212 pips of profit

USDCAD Sell 1.0577 SL 1.0606 P1= 1.0562 P2= 1.0553

USDCHF Sell 0.9037 SL 0.9063 P1= 0.9014 P2= 0.9004

EURUSD BUY 1.3626 SL 1.3588 P1= 1.3646 P2= 1.3668

Two trades:

AUDUSD = +18 pips

EURNZD = +83 pips

Total today: 99 pips profit

AUDUSD, P1 got filled, the other 2 units closed break even.

AUDUSD Sell 0.9083 SL 0.9122 P1= 0.9067 P2= 0.9055

There are plenty of profitable strategies, tactics and techniques to trade forex. The goal of the strategy used for trades presented in this blog is to make consistent meaningful profits while trading Forex in a spare time.
*Never underestimate the power of re-investment. As Albert Einstein said, compound interest is “the greatest mathematical discovery of all time”.*

So, how much do we need to make in order to make it worth while? Well, just making 10 pips per day or 50 pips per week can provide a meaningful supplemental income with the initial investment of only $1,000.

The table below illustrates making 50 pips per week and re-investing profit back into trading for one year. The calculations assume risking 4% of the total cumulative balance and 40 pips per trade.

As you noticed, I am back to calculating profit in pips as opposed to dollars because I think that pips are more meaningful. Everyone can multiply pips by the size of lot available to his/her account size.

While re-investment of capital is a huge part of building your account, for the purposes of this blog, I am not going to include re-investment into the calculations.

To appreciate the impact that compound interest makes on successful trading, see my post “How much money can you make trading Forex?“

EURNZD: closed the last mini-lot at 1.6734 with the total profit of 83 pips.