It is the middle of October and it is time for me to update you guys on the performance of my Break The Bands Strategy for this month so far.
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.
Do note that this strategy does not have 100% winning percentage. In fact, all my strategies do not have 100% winning percentage as there are no such strategy on earth. If you want to become a profitable trader like me, you will first have to realize the fact that there is no way you can win 100% of the time.
What we traders look for is a strategy with at least 70% winning percentage and risk reward ratio of 1:2. With such a specification, you will find that you will be profitable every single month in trading like me.
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.
Before I go into the details of each trade that were taken this month, I will like to share with you an email that I had received from one of my students last month.
I am always very happy to receive such inspiring emails from students as a way of acknowledging my course and my hardwork.
So let us come back to the performance of this strategy from the 1st to 16th October 2014.
Below are the details of each trade:
- 8th Oct 2014 : Breakeven
- 10th Oct 2014 : +50 pips
- 3rd Oct 2014 : +50 pips
- 16th Oct 2014 : +50 pips
- 2nd Oct 2014 : +50 pips
- 10th Oct 2014 : +50 pips
As a whole, there are 6 trades taken and out of them, there are 5 winning trades and 1 breakeven trade. Again I want to emphasize that this strategy does not have 100% winning percentage and it does produce some losing trades every month. I do not want you guys to have the misunderstanding that there is really a strategy that wins 100% of the time. Frankly speaking, there are no strategy that wins 100% of the time. If you want to become a full time trader, you will have to accept that losing is part of the game.
Profit & Loss Report:
Profits So Far = 5 x 50 pips = 250 pips
So far, I have made 250 pips profit with this strategy alone and if you calculate based on trading 1 standard lot per trade, you will be making $2,500 from this strategy so far.
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