+37.73% Profit Made since June 1, 2014 in the Plain Forex Trade Copier Real Account.

+$538 Profit in 3 months for the account size of $1,426.

As the name implies, Plain Forex Trade Copier copies our EXACT TRADES into your MT4 account… The Second Those Trades Are Made. 

If you were a member of Plain Forex Trading on June 1st, these exact trades would’ve been copied into your account.

This is What You Get with the Trade Copier:

1) Our software copies the trades we make, directly into your MT4 trading account – including stop-loss orders and profit targets.

2)  We explain every trade we’re making, so you can see WHY a trade makes money, as you actually make real money on the trade.

3)  Each trade is managed throughout the day, to ensure maximum profitability.

4)  At the end of each day, we send you a detailed account of what trades were made or adjusted, and WHY, so you learn on the fly what makes a trade profitable (while earning the same profits we do).

5)  We stand behind our customers – after ordering, you can shoot us any questions you have and we’ll answer them!

Order Now For

$99.99 per month

The total trading result for this week is +36 pips of profit.

Prices of major currency pairs spent the most part of this week going sideways in trading ranges with low volatility. If you are new to trading and wondering why everybody keeps talking about the volatility, please read my answer to this question posted on Quora some time ago:

Question:

Trading (finance) Why is low volatility in the forex markets bad for traders?

Answer:

Traders make money on price moves. They either buy low and sell high or sell high and buy low in the case of short selling. If there is no price move there is no money to be made. As simple as that.

The direction of the move is not important but it’s imperative that there is a meaningful price move. Since no one can predict on a regular basis when the price is going to change, traders can capture only some part of the move. Therefore the move has to be wide enough for a trader to recognize the move, open a position and make a reasonable profit on that position before the direction of the move changes.

Trading non-volatile choppy markets is very difficult and requires a lot of patience and strict money management.

The up to date weekly Forex trading results since the start of this blog:

Week 1: +231 pips
Week 2: – 19 pips
Week 3: +415 pips
Week 4: +366 pips
Week 5: +137 pips
Week 6: +150 pips
Week 7: + 220 pips
Week 8: +155 pips
Week 9: + 23 pips
Week 10: –149 pips
Week 11: +465 pips
Week 12: +126 pips
Week 13: + 50 pips
Week 14: +306 pips
Week 15: +201 pips
Week 16: + 11 pips
Week 17: +325 pips
Week 18: + 80 pips
Week 19: –133 pips
Week 20: +380 pips
Week 21: – 32 pips
Week 22: + 66 pips
Week 23: –144 pips
Week 24: +218 pips
Week 25: -109 pips
Week 26: + 51 pips
Week 27: +166 pips
Week 28: +210 pips
Week 29: +157 pips
Week 30: + 52 pips
Week 31: +114 pips
Week 32: +334 pips
Week 33: + 96 pips
Week 34: -207 pips
Week 35: -152 pips
Week 36: +219 pips
Week 37: – 43 pips
Week 38: + 36 pips
Week 39: +188 pips
Week 40: + 36 pips

Total: +4,596 pips

USDJPY price ran up on the news triggering our stop-loss orders (see previous posts):

Our short USDJPY trade opened yesterday has reached its first profit target this morning for the profit of +19 pips (see the previous post). We are still holding 2 more units with stop-loss orders set at the break even price of 103.79.

The remaining 2 units of AUDUSD were stopped out at break even at 0.9331:

We shorted USDJPY today:

From: Dave Hughe <plainfx@gmail.com>
Date: Wed, Aug 27, 2014 at 7:38 AM
Subject: August 27
To:
USDJPY Sell 103.799 SL 104.17 P1= 103.61 P2= 103.51

Our AUDUSD buy signal was triggered at night and reached the Profit Target #1 so far:

From: Dave Hughe <plainfx@gmail.com>
Date: Tue, Aug 26, 2014 at 11:08 AM
Subject: New order
To:
AUDUSD Buy 0.9330 SL 0.9289 P1= 0.9347 P2= 0.9357

The first unit was closed at 0.9347 realizing +17 pips of profit. We are still keeping open 2 units with comfortable stop-loss orders at 0.9331. The profit target for the second unit (P2) is placed at 0.9357

Answer by Dave Hughe:

Contrary to what many people believe, almost anyone can make a living off trading online. But only after they master the trading psychology and achieve necessary levels of knowledge, skills, discipline and funds.

Lacking in any of the things above will lead to failure.

Can I make a living off trading online?

Our AUDUSD buy signal was not triggered on Monday.

+36.11% Profit Made since June 1, 2014 in the Plain Forex Trade Copier Real Account:

The up to date Forex trading results since the start of this blog:

Week 1: +231 pips
Week 2: – 19 pips
Week 3: +415 pips
Week 4: +366 pips
Week 5: +137 pips
Week 6: +150 pips
Week 7: + 220 pips
Week 8: +155 pips
Week 9: + 23 pips
Week 10: –149 pips
Week 11: +465 pips
Week 12: +126 pips
Week 13: + 50 pips
Week 14: +306 pips
Week 15: +201 pips
Week 16: + 11 pips
Week 17: +325 pips
Week 18: + 80 pips
Week 19: –133 pips
Week 20: +380 pips
Week 21: – 32 pips
Week 22: + 66 pips
Week 23: –144 pips
Week 24: +218 pips
Week 25: -109 pips
Week 26: + 51 pips
Week 27: +166 pips
Week 28: +210 pips
Week 29: +157 pips
Week 30: + 52 pips
Week 31: +114 pips
Week 32: +334 pips
Week 33: + 96 pips
Week 34: -207 pips
Week 35: -152 pips
Week 36: +219 pips
Week 37: – 43 pips
Week 38: + 36 pips
Week 39: +188 pips

Total: +4,560 pips

There are two important news events today: Fed Chair Yellen and ECB President Draghi speeches.

Taking into account that today is Friday and judging from the knee jerk reaction on CAD news, I prefer to stay away from trading today.

Have a nice weekend all!