Live Forex Trade Copier Trade Taken on 16th Nov 2016
This is a trade that I have taken on 16th Nov 2016 and this trade is being copied over to all user of my trade copier service.
With this winning trades, we are now in our 3rd consecutive winning trades and I want to tell all my students that you will be seeing consecutive winning trades in your trading as long as you stick to what I teach you and is willing to put them to practice.
The purpose of posting this trading video is to share with you guys tips on lot size management using the accounts I use to trade for my trade copier user.
If you take a look at the blog post on the “forex trade on US election night“, you will see that all my trades are done using 10 lots but if you take a look at the video below, you will see that I enter a 4 lots trade this time.
There are 2 main reason why I change the trading lot size
1) Winning Probability – Whenever I am entering a trade that is against the trend of the market, I will always enter a smaller lot size for it.
This is because a trade that is in the direction of the trend will usually have a higher change of winning comparing to a trade that is against the trend.
2) Profit Lock In – This is another technique that I will use to determine the lot size of my trade. For trading, I will set a minimum target every month.
For example, I set a target of 10% growth per month. Before I hit that target, every trade will be of the same lot size. If I hit a growth of 13% already, I will start to reduce my lot size so that I can withstand 2 losses in a row but still hit a 10% growth. In this case, I will risk 1.5% per trade.
Because of my good risk reward ratio, I will still be able to see good growth in my account even with smaller lot size.
The key here is to protect your winning and make sure that you are profitable every single month without failed.
If you have any question regarding trading, do feel free to email me at firstname.lastname@example.org and I will be happy to help you.