Time to update you guys about the Break The Bands Strategy in my Forex Course again.
Do note that break the bands strategy is actually part of the Forex Course and this is a strategy that I have formulated myself and you will not be able to learn it elsewhere.
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 avoid you from getting into more losing trades and this is a techniques that I have derived over the years.
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.
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.
For this update, it is for the period between 1st to 22nd July 2014 and below are the details:
- 3rd July 2014 : Breakeven
- 8th July 2014 : Breakeven
- 15th July 2014 : +50 pips
- 1st July 2014 : +50 pips
- 4th July 2014 : +50 pips
- 2nd July 2014 : -25 pips
For the trade above, you can see that the price moved down to hit the stop loss first but later moved back up to hit our target profit. This is something that does happen in trading and you must be mentally prepared for it. Do not be discouraged or get emotional over the market if this happen.
- 7th July 2014 : +50 pips
As a whole, 7 trades were taken with these strategy and out of these trades, there are 4 Winning Trades, 1 Losing Trade and 2 Breakeven Trades. Each winning trade makes 50 pips while each losing trade loses 25 pips and below are the profit calculation.
Profits Made So Far: 4 x 50 pips = +200 pips
Losses Incurred So Far: 1 x 25 pips = –25 pips
Total Profits So Far This Month: 200 – 25 = +175 pips
From the calculation above, you can see that this strategy has made 175 pips profits so far this month which is equivalent to $1,750 based on trading 1 standard lot per trade.
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 course students are making a good profits from this course.
For those of you who are my forex 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 Course below
If you will like to learn how to trade from me, you can take a look at my Forex Course below