Overall Performance For My Forex Strategy For The Month of August 2014
It is time to publish the performance report for the break the bands strategy that is taught in my Forex Street University Course.
Information about Break The Bands Strategy
The Break The Bands strategy is formulated by me for my own trading and you will not be able to learn it elsewhere. Do note that this strategy is only used on the 15 minutes chart.
Some readers thought that break the bands strategy is just as simple as waiting for the price to break the bands and they are absolutely wrong. There is a process where you need to use to verify if the trade is valid or not. This is to prevent you from getting into more losing trades and this is a techniques that I have derived over the years to allow me a lot more winning trades than losing trades in this strategy.
As for the entry, there is also a technique for it so that you can identify the best entry point so that you can grab more profits.
Why Published This Report
The purpose of this report is not only to showcase the results of this strategy but also to allow the students of my Forex Street University course to be able to see if they miss out any trades or not so that they know how good they are now.
The strength of this strategy is its good risk reward ratio and good winning percentage. So spend sometime to look through the results below.
However before I go through the details of each trade, I will like to share with you an email that I have received from one of my students and hope that this is an inspiration for all of my other students.
Below is the details of each trade that was taken with the Break The Bands Strategy.
- 18 August 2014 : +39 pips
- 19 August 2014 : +50 pips
- 21 August 2014: -25 pips
- 31 July 2014 : +50 pips
- 13th August 2014 : Breakeven
- 19 August 2014 : -25 pips
- 6th August 2014 : +50 pips
- 18 August 2014 : +50 pips
- 7th August 2014 : +50 pips
As a whole, a total of 4 trades were taken and out of them, there are 6 winning trades and 1 breakeven trade and 2 losing trades.
Profits Made So Far: 6 x 50 pips = +300 pips
Losses Incurred So Far: 2 x 25 pips = -50 pips
Total Profits So Far This Month: +250 pips
From the calculation above, you can see that this strategy has made 250 pips profits for the month of August which is equivalent to $2,500 based on trading 1 standard lot per trade.
This is simply the profit from one strategy alone and you can imagine the overall performance of all my strategies as a whole. I often receive emails from readers of this blog telling me that they are not sure if my Forex Street University course is suitable for them and my answer to them is always the same. The Forex Street University is going to be the last course you ever need to make money from the forex market. All the strategies in this course are the exact one that I am using to trade everyday. If I can make consistent income every month with those strategies, I dun see why you can’t.
However you must put in effort to practice each and every strategy that I have taught you in the course until you are able to execute them perfectly before you start to trade with real money. Even if you just use the Break the Bands Strategy alone, you will still get the same results as above and this strategy has never made a single losing month for me. In fact, I have been updating this strategy performance since 2012 and it has never get a single losing month before.
All the techniques and setup in my course are time tested and proven to work for me for years and that is why I am teaching it to you. As for the rest of the strategies, the combined profits is much more than above and I hope that all my Forex Street University students are making a good profits from this course.
For those of you who are my forex street university course students, I will advice you to focus on break the bands strategy first as it is a very reliable and easy to execute strategy. Start making money with it and then move on to practice the other strategies.
I understand that a lot of you have been very cautious when looking for a forex course as there are a lot of lousy courses that are created by marketers trying to make money from those of you who are interested in trading. These people are not real traders and this explains why those strategies that they teach do not work. In fact, I have purchased several low quality courses when I am new to trading and therefore I understand your concern. You can take a look at my course but do not rush into buying it, have a feel of the way I teach in those articles and videos in this blog before you decide if this course is for you. There is no point in getting a course where you do not like the teaching style.
For those of you who are not in any forex course and are still struggling in your trading, you can take a look at my Forex Street University Course below
If you will like to learn how to trade from me, you can take a look at my Forex Street University Course below