It is time to update you guys about the performance of my break the bands strategy for the month of June so far.
There are lesser trades this month as compared to last month but this is something that we traders have to bear with at times.
Despite lesser number of trades taken, I am still able to make 75 pips profits (Based on trading 1 standard lot per trade, you will make $750) using this strategy alone so far. This has very much to do with the high risk reward that this strategy provides.
Do note that break the bands strategy is just one of the 8 strategies inside my Forex course. Therefore for of you who are my students of my course, you should be making somewhere between 350 to 450 pips so far for this month.
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.
As a whole, there is a total of 5 trades taken with this strategy so far and there are 2 winning trades, 2 breakeven trades and 1 losing trade.
Below are the details of the trades taken by me
- 10th June 2014: +50 pips
- 10th June 2014: Breakeven
- 16th June 2014: -25 pips
- 10th June 2014: +50 pips
- 3rd June 2014: Breakeven
All these techniques and setup are time tested and proven to work for me for years and that is why I am teaching it to you.
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.
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