Can 5 pips a trade = Financial Freedom

If you start with a bank of £150 and capture 5 pips a trade 3 times a day = 15 pips a day at £1 a pip and increase to £2 a pip as your bank grows then to £3 a pip, you get the picture build slow and steady, trade safely. In less than 6 weeks you would be trading at £10 per pip, that’s 15 pips a day @ £10 = £150 per day Tax Free. 15 pips a day is all that you need for financial security why because 15 pits a day can equate to, well you can trade a pip from a £1 to £150 per pip, so you do the maths.
So all we need now is a trading strategy that will give us 5 pips + the spread within a trade. Thats what the charting software I use along with pivot points, support and resistance levels does. There is one unique indicator that is not found on any other charting software that identifies a potential trading candle within a 15 min chart using this with pivot points, support and resistance 5 pips is achievable on most trades. With carefull money management and tight stops I think I can do this, so lets find out.
I will be paper trading for the 1st few weeks, then if all is well I will start trading a £1 per pip.

Sunday, 11 November 2007

Forex trading systems, how to find a company

A forex trading system is all about investing your money anywhere in the world that you choose. All countries have their own stock markets, and this is where you invest money in companies of your own liking, that are located in your own country. A forex trading system is one that allows you the opportunity to invest in any company or any currency anywhere in the world. A forex trading system stands for foreign exchange investments. A forex trading system is going to give you a return on your money that will differ every time you invest, but that is very similar to the stock market. The similarities are that you invest in your own currency base, and then when you choose where you are going to invest your money, it is then converted into the currency of the company you are investing in. The exchange rates and broker fees are going to have a determining factor on how much money you can make, and how much money you can lose overall, but the fees and the currencies involved are going to be small compared to the potential amount of money you could make if you are prepared. Preparing yourself for forex trading systems is really all about learning about exchange rates, where you are going to be investing, learning about the broker you will be using while learning about companies and opportunities you can invest with while using the forex trading systems. Various forex trading systems are available online and offline. You will receive the same treatment online as you would with an offline forex trading systems broker. You can find a forex trading system company online or offline. What you need to do is find a company that is located in a country you desire, or in your own country. The forex trading systems you deal with should be a company you have spent time investigating and learning more about before putting your investment money into the forex trading system they use. An investment should only be money you can afford to lose. If you are investing money, you want to increase your wealth, but sometimes you are going to lose money. Invest only money you could feel comfortable about losing while you learn any forex trading system. In finding a forex trading systems company, you will use keywords to search in any major search engine. You will find thousands of pages. How will you know what forex trading system is just right your personal needs? if you can call the company, email the company and you can find references for the company online and offline, you can then determine if you are comfortable using the forex trading system they are providing. A company that is just too pushy, or that doesn't offer great customer service doesn't need your business. Find a forex trading system company that is going to treat you great, no matter how much money you are investing. Kenneth Langlet is an independent writer and owner of the website http://www.broker-trading-system.com/ where you can get more information about forex trading system.
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