This is a live forex trade copier trade that I have taken on the 8th July 2015. Do note that this trade is being copied over to all user of my trade copier service as well.
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.
A total of 3 trades were taken for this one setup and 2 of them ended up as breakeven trades. So let me explain how the 3 trades were taken for the same setup.
I enter the first trade for the setup and I shifted the stop loss to breakeven once the price moved 11 to 12 pips in my favor. Usually I will only move the stop loss to breakeven when the price has moved by about 25 to 30 pips to protect my account.
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.
I shifted it earlier because of the volatility of the market at that moment and you will learn more about it in the video.
The price moved back to trigger my breakeven stop loss and I waited for another chance to enter another trade again.
Similarly it also moved 12 pips in my favor very fast and I immediately shifted the stop loss to breakeven again. The price again moved back to hit my breakeven stop loss again.
The 2 trades ended with up with $0 profit/loss.
I waited again for another opportunity and enter the third trade again. To find out more about the outcome of this third trade, please watch the video till the end and I will share with you some trading techniques that may be useful for your trading.
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
Below is the Trading History for the account that is used for the trade copier service this month
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