Making money in Forex is simple.
Yes, making money in forex is simple but not easy. All that one needs for success is to win more than half of trades while keeping the average loss smaller than the average win.
Uncategorized
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
Nov. 29. Good morning!
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
Nov. 28 end of day results
Two trades: AUDUSD = +18 pipsEURNZD = +83 pips Total today: 99 pips profit
AUDUSD is closed, profit 16 pips
AUDUSD, P1 got filled, the other 2 units closed break even.
AUDUSD sell stop
AUDUSD Sell 0.9083 SL 0.9122 P1= 0.9067 P2= 0.9055
How much money can you make trading Forex part-time?
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. So, how much do we need to make in order to make it worth while? Well, just making … [Read more…]
Profit/loss calculations
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, … [Read more…]
EURNZD closed with 83 pips of total profit
EURNZD: closed the last mini-lot at 1.6734 with the total profit of 83 pips.