Our Forex Trading philosophy and approach
Keep It Simple and Safe. Forex Trading as we see it is not about mechanical or fundamental analysis by itself. It is about understanding the mass psychology during extreme emotions of Fear and Greed. Hence our Forex trading signals are very simple to follow with clear Entry and Exit points and always well ahead of the entry time so you can set a limit entry and lead a stress free life whether you are a Day trader looking to make a living out of trading or a longer term part time trader looking for wealth building and additional income.
Trading for a living is always a mental challenge. The mental dilemma is excruciating at times. Market shakes your confidence in your approach and your self to the core and brings you to your knees. But the lure of the elusive, winning back, the casino mentality sucks traders right back in. Trading is nothing but a mental endeavor, even if you have been an extremely successful professional and individual in all the other walks of your life. Markets don’t give a S..t ! as to what your background is ,what your social strata is. So throw your ego out the window, be humble , be opportunistic ,Don’t be Right just be on the side of profitability .” YOU Cant beat them.. So Join them” should be your motto always.
Recommended Trading setup for Our Subscribers
- Recommended Maximum leverage : 1:25 (ideally 1:10)
- (Example : If account equity is $10000 then your total positions among a maximum of 3 pairs should be less than 250,000 units)
- Profit should always be taken at regular intervals , 3 levels to be safe – P1,P2,P3
- Day Traders: P1 = 30-40 pips , P2 = 60-80 Pips and P3 will be either left alone or exit at 2:30 pm EST
- Long Term/ Medium term Traders: P1 = 80-100 pips , P2 = 250 Pips , P3 = on reverse signal
- Maximum Risk : 2.5% of your total equity per trade and 5% max among all trades ( You have to adjust your Forex lot sizes according to this rule)
- Maximum Number of currency payers in trades at any given time : 3
- Maximum number of Trades in a Week : 5 (whether profitable or not)
- Timings : Sunday 5 pm – Friday 3 PM for Over Nighters (Long Term/Medium Term traders)
- Start Sunday 5 PM but Week days 4 am ET(New York Time) till 2 pm ET for Day Traders
Do’s While Trading
- Take All trades sent through the Forex signal service
- Follow the Signals exactly as suggested
- Trade only 3 Pairs at one time
- Set Price alarms (if your trading r charting system permits) or watch trades only once in a hour if you feel the urge to monitor.
- Always check twice for the accuracy of the Trading lot size, Pair, direction of trading, expiry time of the limit order, stop value and Limit Value
- Take Profits at P1, P2, P3 without fail
- Withdraw profits every 2 weeks from your account and only roll over profits to your equity if you completely are comfortable
- Be very careful with stops around new releases (due to volatility) and also over night (stop tripping happens)
Don’ts While Trading
- Never Mix 2 different signal services or your own analysis with this Signal service
- Do not second guess any entry or exit signal else you will loose money and you will be confused
- Never over trade
- Never lose focus or obsess about your trades
- If you Missed the entry for some reason let go of that trade . You will have one more trade soon. Markets are eternal.
“Market is always playing a tune just dance to that beat”
Know the Rules, Know the Stakes and Know when to quit.