Live Forex Signal Trade Taken on 9th Dec 2016
In this post, I will like to update you guys the performance of my Forex Signal Service for the month so far.
The account that I show you in the video is the account that I am using to trade for user of my trade copier service. Whatever profits or losses that I incurred, they will get the same outcome.
I have also attached a screenshot of all the trades that were taken this month so far.
From the screenshot at the bottom of this post, you can see that I have breakeven trades which is because I have the habit of shifting my stop loss to breakeven whenever the price has gone certain pips in my favor. Even when the price reverses, the worst situation is a breakeven trade for me and my students.
Therefore it is very important for a trader to protect their account by shifting the stop loss to breakeven.
You can also see that I have a decent risk reward ratio for my trades and that is how I manage to make consistent profits for my trade copier user every month.
For the trade which I exit with $1,900+ profits is because the price is being held by a very strong S&R level which makes it very hard to penetrate.
The trade that you see in my video below has a risk reward of 1:4. Therefore as long as you have a strategy with at least 1:2 risk reward ratio, you will be able to make consistent profits from it as long as it has at least 50% winning percentage.
I will also like to take this opportunity to tell you guys who are still looking for a strategy that wins 100% of the time to stop thinking of that. It is impossible to trade with 100% winning and if you ever encounter anyone telling you that he has a strategy that wins 50 trades in a row, I can assure you that he is a marketers who know nothing about trading.
Do feel free to email me if you have any question