Just an update to my trade copier service.
I did not record any video for these trades but I have taken a screenshot of the account that I use to trade for my trade copier service user to show you guys the losses and profits I made to once again show you guys the importance of risk reward ratio in trading.
First of all, you need to realized that there is no way anyone can trade without a loss as losing is simply part of trading. If you ever heard anyone telling you that they have done 50 trades without a loss, trust me, this is a marketing gimmick by a marketers who knows nothing about trading but know a lot about marketing.
In trading, we will definitely get some losing trades but what is important is our risk reward ratio as it is the key to consistently generate profits for your trading account every month.
If you take a look at the screenshot of my account below
My win is much much more than my losses and this is the power of risk reward ratio. My one win can withstand 4 losses and that is why I can stay profitable every month for myself and for my trade copier users.
Therefore if you are thinking of formulating your own forex strategies, you must make sure that you have a high risk reward ratio strategies. If you are thinking of getting into a forex course, you must also make sure that the strategies taught have high risk reward ratio.
There are a lot of signals in the market that place 200 pips stop loss and take 20 pips target profit. These are the works of marketers. They just hope that a big stop loss will not be triggered and they try to make 20 pips for you.
However you can have 10 consecutive wins if they are lucky but one loss will wipe up all your profits. How can such signal service make money for you.
Throughout my years of maintaining this blog, I have received emails from readers telling me how much money they have lost with those signal service in the market and all of them told me about these high stop loss and small profit things.
So I really hope that you guys now understand the importance of risk reward ratio as this is the key to profitable trading.
For those of you who are interested in joining my Trade Copier Service, you can click on the link below for more info