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

Learn Forex Trading - Forex Trading Strategy

Are you interested in forex trading? If you are, you should probably start off by learning more about it and get some training. Proper training is a must if you are going to be trading. There is a lot of money involved in forex trading. Without properly learning the forex market and how to trade forex, you can really lose a lot of money. However, you can also really make a lot of money once you know what you are doing. 90% of traders actually lose money in the forex market leaving only 10% of traders making money. Do you want to be part of the 90% or 10%? It is really up to you. Get the proper training to learn the forex market and start making money by trading forex. With the right training, you can learn how to start making money by trading forex in your very first month. If you don't even know what forex trading is at this point, you definitely need to get some proper forex training to learn it. To summarize what forex trading is, it is pretty much trading, or exchanging of one countries money for another countries money.There are many places to get good forex training. There are also many places that can offer you poor forex training. There are many poor training systems out there that just want to take your money. However, there are also training systems out there that will actually teach you the forex market and show you how to trade so that you will make a profit.The first thing you should learn is what forex trading actually is and how it works. The forex market is always changing so you need to be updated with the latest information and news regarding it. After understanding the basics of how the forex market works, you should then start learning more in depth detail of how to trade and earn a profit. While you are still learning how to trade forex, you should never manage an actual account. You should always start with a demo account before you actually try it for real and manage a real account.For more information on where exactly to get the proper training needed to trade forex, visit http://www.netearnings.biz/forex/index.htmlForex Trading Strategy - Learn Forex Trading
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)