Mo.-Tu., Aug. 10-11 Forex signals & results: + 54 pips profit

August 11, 2015 at 10:55 am

There were no signals on Monday.

Today our Forex Signal made + 54 pips profit

We went long AUDUSD this morning:

From: Dave Hughe <>
Date: Tue, Aug 11, 2015 at 8:46 AM
Subject: New order
AUDNZD Sell 1.1168 SL 1.1185 P1= 1.1153 P2= 1.1123

This trade reached its first projected profit target and the second unit was closed at 1.1146:

From: Dave Hughe <>
Date: Tue, Aug 11, 2015 at 10:18 AM
Subject: AUDNZD 2nd unit SL 1.1146

The 3rd unit’s trailing stop was triggered at 1.1151:

From: Dave Hughe <>
Date: Tue, Aug 11, 2015 at 10:02 AM
Subject: AUDNZD SL 1.1151

This is how this trade looked on the chart:



Fr. Aug. 7 There were no signals triggered

August 11, 2015 at 10:37 am

Tu.-Wd., Aug. 5-6 Forex signals

August 6, 2015 at 12:22 pm

These couple of days there were no clear setups for our trading system. This morning we sent out the following email:

From: Dave Hughe <>
Date: Thu, Aug 6, 2015 at 6:21 AM
Subject: August 6
There are no clear setups this morning as the markets are getting prepared to be shaken by the host of news coming out today.

The news data being released this morning might tell us when we will get rate hikes in both the UK and U.S. The expectations are for a September hike by the Fed with the Bank of England potentially in November. But there are rumours that we can well get a UK rate hike before the U.S.
Bank of Japan and Reserve Bank of Australia will also release their Monetary Policy Statements today.

Mo., Aug. 3 Forex signals & results: +16 pips profit

August 3, 2015 at 3:46 pm

Our AUDUSD signal made +16 pips today.

The market was pretty flat today but we managed to squeeze 16 pips out of the AUDUSD short trade today:

From: Dave Hughe <>
Date: Mon, Aug 3, 2015 at 6:00 AM
Subject: Aug. 3
AUDUSD Sell 0.7281 SL 0.7301 P1= 0.7263 P3= 0.7251

The price went down and was fluctuating around 0.7266. Therefore, we took some profit off the table partly closing this trade at that price. As you can see in the screenshot below, we did the right thing:


How Much Money Do You Need To Start Trading Forex?

August 3, 2015 at 3:36 pm

To start trading, as opposed to gambling, you must have a proven trading strategy and a clear objective. Your initial goal should be not to make money but to learn to trade profitably.

With that goal in mind, it is advisable to start trading a demo account first. Once you are profitable and comfortable using the software and your trading system, start trading with real money but trade fractions of a standard lot (see also What Is A Lot, Mini-Lot, Micro-Lot, Nano-Lot?).

Psychologically, trading with real money feels very different from trading a virtual account, even if you only risk and make just pennies.

To determine how much capital you need, calculate your average risk per trade in dollars and multiply that amount by the maximum number of reasonably expected consecutive losses. The resulting amount will be your risk capital.

Add to this risk capital the margin required by your broker for your average trade. The total amount will be the capital you need to start trading.

For example, if my average risk per trade is $10 and I reasonably believe that the maximum number of consecutive losses produced by my trading system will not exceed 30, my risk capital is $10 x 30 = $300.

If the margin required for my average trade is $50, then I would need at least $300 + $50 = $350 to start trading.

Note, that margin requirements differ for different currency pairs. Also, take into account that sometimes you will want to have more than one trade open at the same time. Therefore it would be beneficial to have more money available for the margin.

Once you become consistently profitable, you can increase your risk per trade and recalculate the trading capital requirements accordingly.