Live Forex Street University Strategy Trade Taken on 4th June 2015
This is a live trade video that I have recorded to show you guys on my blog.
The purpose of recording the video is to show readers of this blog that it is really possible to make money from trading forex and at the same time show you guys that I am a real trader.
Most importantly, what I am showing you in this video today will show you the importance of risk reward ratio in trading.
I have received emails from readers telling me how much money they have lost after taking up various forex courses and signals. Like what I have often said in this blog, there are a lot of marketers who are posing as trader trying to make money from people who are interested in learning how to trade.
Therefore when you are choosing a course, you have to be very careful.
Below are the live trade videos
Sorry for the background noise in the video as my wife is watching the movie Pompeii at that time.
As you can see from the 3 trades above, I had 2 losing trades consecutively and 1 winning trade. Because of the high risk reward ratio that I had for all my strategies, I am able to make back the losses in one single trade.
In fact, for the 2 losing trades, the price moved in our favor shortly after it stopped us out and I have received emails from new students asking me whether it is right to place our stop loss at 25 pips and I have new students asking me if it is normal to have such a situation.
This is a typical situation where traders start to have doubts in their strategy after seeing losses. For me, I believe in the strategy because I have been using them since 2012 and therefore I will continue to trade with the same stop loss and target profit as I know that I will be profitable at the end of the month which is the most important thing for me.
So let me take this opportunity to update you guys about the question above. It is normal to have the above losing situation in trading especially when the market is moving sideways in the higher time frame but as long as we stick to the strategy, you will eventually realize that you are going to be profitable in the end.
The purpose of the copier service is to help my student grow their account while they are learning how to trade from my course.
As usual, I did not show you the entry as it will be unfair to the students of my course. If you are a student of my course, you will be able to tell the entry yourself on your own chart.
For those of you who are still struggling in your trading, you can take a look at my Forex Street University Course and the Break The Bands Strategy is only one strategy within the course. Anyway, I have taken the risk off you by offering 130% refund for anyone who find a single fake winning trade that I have posted on the monthly performance report.
This is going to be the last Forex course you ever need