Live Forex Trade Copier Trade Taken on 1st July 2015
In this post, I am going to share with you the first trade that I have taken for the user of my trade copier service.
This trade is taken on the 1st July 2015. I will try my best to record all the trades that were taken for the trade copier service so as to maintain the transparency of this service.
The price moved 30 pips in our favor for this trade and I then shift the stop loss from 25 pips to breakeven which is where I enter the trade.
This is a habit that I have for all my trades and if you are a student of my course, you will know that.
Shifting the stop loss to breakeven is a way to protect our account. Once the stop loss has been shifted to breakeven, you do not have to worry about it anymore. It is either a breakeven trade or a winning trade in the end.
For this trade, had I not shifted it, the sharp movement of the price would have hit our stop loss and we will make 25 pips losses.
In trading, protecting our account is equally important to making money in trading. New traders tend to focus a lot on winning a trade but do not care about losing.
Some people will think that if you shift your stop loss to breakeven and the price move back to hit it and then move in your traded direction, it will be a waste.
But to me, nothing is more important than having an account to trade another day. As long as my strategies are good, I will still be able to make a decent profits at the end of the month.
That is why I dare to offer all user of my service a refund for non profitable month of trading.
Therefore for all users of my trade copier service, you guys will know that your account is being properly taken care of.
Below is the live trade video
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