Professional4X's profile
Professional4X

Bio:
I trade and manage my own accounts only.
Don't ask me manage your account for you.
It's not going to happen. I don't care how much you offer me.

Trading Style:
There are no ultimate "hidden secrets" to profitable trading in Forex.

Just pick the correct direction of movement, and place the trade.

A currency pair can only do one of three things.

1) Move up
2) Nothing. Not moving.
3) Move down

I determine which way the market is moving, verify the movement is true, and then place my trade with a REASONABLE profit target.

My stop loss is generally no greater than 30 pips.

If it moves up and the general trend is up, I buy..
If it does not move, I don't do anything.
If it moves down and the general trend is down, I sell

If a trade is going bad, I don't hold on to it, I kill the trade, and just wait for the next setup for entry.

Emotions have no place in trading. It's just data on the screen. Nothing more.
Motto:
"If it looks too good to be true, it's probably a scam! Let the buyer beware."
Experience: More than 5 years
Location:
Vouchers: 13
Registered: Jan 05 2016 at 21:21
Blocked Users: 0
Chart
Systems
This user doesn't share any systems currently.
Professional4X's Feed
Professional4X
Professional4X
New traders should pay attention to this discussion.
https://www.myfxbook.com/community/general/how-recognize-forex-scammer/1645261,1
Aug 23 2018 at 18:58
Industrial Production (MoM) (41 min)
EUR/USD: Bearish outside day as Fed temp...(5 min ago)
EURUSD 1.13558 GBPUSD 1.26807
USDJPY 107.43 USDCAD 1.31838

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2019 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.