I hope that you guys enjoy the forex trading signal video that I have recorded for you. I have received emails from readers asking me if it is a paid service or anything.
This forex trading signal video is entirely free, I am not charging anything nor selling any forex signal service to you guys. What I am doing is simply record down what I am doing for myself everyday and then post it out to the website to share with you.
Below is the forex faq for today.
1) when setting the stop loss price, should it be more or less than the take profit price? and what is the ratio?
2) Out of 30 trades, what is the ratio of winning and losing for an experienced trader?
For question number 1, there is no right or wrong answer for this question, it is purely a personal preference and it totally depends on your trading style.
For me, I will never go for any trade where the profit is less than the stop loss. I feel that the best way you can make money from trading is the risk reward ratio. If you are able to trade with high risk reward ratio, you are most probably going to be profitable in the long run.
For question number 2, I cant tell about other traders but for me, my winning percentage is about 75 to 80% which is about 22 to 24 wins out of 30 trades.
However this is not the main issue, if you have a high risk reward strategy, you can still be very profitable even if you only win 10 out of 30 trades.
Therefore it is a balance between the 2 factors in the above question. I hope that I have answered your question and if you have any doubt, do feel free to send me the question in the question and answer form.