Another week has begun and we are waiting for new profitable results. Let me tell you a joke about traders in order to pick up you. I hope you will like it:
A priest dies and is waiting in line at the Pearly Gates. Ahead of him is a guy who’s dressed in sunglasses, a loud shirt, leather jacket, and jeans.
Saint Peter asks this guy, “Who are you, so that I may know whether or not to admit you to the Kingdom of Heaven?”
The guy replies, “I’m Bill Johnson, a forex trader from New York City.”
Saint Peter looked through his list. He smiles and says to the trader, “Take this silken robe and golden staff and enter the Kingdom of Heaven.”
The trader goes into Heaven with his robe and staff, and it’s the priest’s turn. He stands erect and booms out, “I am Jacob Silk, pastor of Saint Mary’s for the last forty-five years.”
Saint Peter looked through his list. He says to the minister, “Take this cotton robe and wooden staff and enter the Kingdom of Heaven.”
“Just a minute,” says the minister. “That man was a forex trader – he gets a silken robe and golden staff but I, a priest, only get a cotton robe and wooden staff? How can this be?”
“Up here, we work by results,” says Saint Peter. “While you preached, people slept, but his clients, they all prayed.
Have a profitable week! Good luck!
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Hello everyone! Today I am going to tell you about one of the important parameter of our service (GFTraders – traders jobs). It is a Max drawdown for full amount. The necessity to describe this it in details has appeared after some traders violated this parameter.
What does this term mean
In order to operate this term in proper way you should clearly understand what does it mean. So, what is it, max drawdown for full amount? It is a maximum allowed drawdown for WHOLE account amount (see previous parameter) based on your strategy system. It is a maximal loss of client’s account which is accepted by him. This parameter shows an amount of probable losses even if your trading is positive.
How it is calculated?
Let us explain it by example. It is very important to understand and remember that this parameter is calculated for whole account amount, BUT not for 1 trade and so on. You declare an account amount of 1000$ and max drawdown of 20%. It means that your max allowed drawdown will be 200$. Thereby drawdown for 1 lot will be 200 pips and you are allowed only the 1 unsuccessful trade without breaking your parameters. If you have stop loss of 50 pips – you can admit 4 unsuccessful trades, if it is 100 pips – 2 such trades.
If you allow 10 probable unsuccessful trades, each by 100 pips, so your max drawdown for full amount will be 1000$. And you have declared max drawdown of 20%. According to this you minimal account amount should be 5000$ (1000$/20% = 50$, it is 1% of whole amount); 50$*100% = 5000$ (minimal account amount subject to max drawdown of 20%)
You should set max drawdown by yourself. For example for 1 trade it can be 5% but for whole amount of account it should be higher otherwise your system will be closed in case of even small loss.
Conclusion
Drawdowns are part of trading . We clearly understand, that the market is quite unpredictable at the moment. The key to success on Forex market is to see your strategy in proper perspective and to set your drawdown in proper way. If you violate this parameter your clients loose their REAL money. It is inadmissible to breach a contract with your client. So we want to protect both traders and clients from probable losses. If you break your max drawdown for full amount, we will end all subscriptions to your strategy and give money back to our clients. That’s just for preventing you and your clients from risk.
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Hello everyone! Today I am going to tell you about some pretty good strategy systems of successful forex signals suppliers of our service (Forex trading signals). They show stable and profitable performance and they proved to be reliable. It is important to mention that two of these forex traders operate only 1 lot and they show quite profitable results.
Earn with professional
First trading system I would like to speak about is Boly_Gu strategy system. He really knows how to make money. And his statistics proves it. Total profitability is +70.25 %. Win Ratio is 68%. Last week this trader got +114 pips I think it is a pretty good indicator! What are you waiting for? Subscribe and get profits!
Prosperous trading
The second trader whose name is Espar presents his own trading strategy which also shows good performance and good trading. If you want to make sure in it just look through his statistics. He has total profitability of +62.82 %, win ratio of 67 %. His clients got +277 pips last week and this trader has already brought them +67 pips this week! It is a real result and a real profit and it is only with one lot! Don’t lose this chance, subscribe and earn money!
Steady and profitable results
The third trading system I want to tell you belongs to forex trader Kruz who also operates only 1 lot. And his trading strategy brought +153 pips last week. It is only the beginning. By this moment he has +180 pips. Incredible result for this week, don’t you agree? Something else? Ok, his total profitability is +41.10 %, win ratio is 77 %. Don’t waste your time, earn money with this reliable trader
Good luck!
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Ok, today I am going to tell you another joke about not actually about forex trading but about some occasion in life of trader. Life is life, so let us begin:
A trader sadly tells his friend who is also a trader about his problems:
- Everything has been arranged as I wished. I had everything. A luxurious car, a big house and a pretty woman who loved me. And then – Bang! – And a have lost everything!
- What has happened? A chain of extremely unsuccessful trades? – his friend asks him.
No, it is worse – my wife has known about all these things!
Good luck! Have a big profits this week!
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Almost every forex trader deals with US. And it concerns not only forex trading. Dollar is everywhere. The US economy is built on it. <.strong>The U.S. dollar> is the currency most used in international transactions and is one of the world’s reserve currencies and so on and so on. So today I am going to tell you some interesting facts about USD and in general about money. Let’s begin:
- Over sixty communities in the United States have their own local currency. For example: Ithaca New York, Berkshire Massachusetts and Walt Disney World park. Most communities with their own local currency are situated in California. These communities also include some popular colleges.
-A quarter, I mean 25 cent coin has 119 mortises on its edge. It is one more than a 10 cent coin. The mint has begun to use such mortises to prevent fake and devaluation of this coin. In the past coins had been made of precious metals and the coin’s edges had been erased. Sellers started to measure the coin’s weight in order to define the true value of them. Although the mint no longer makes coins from precious metals, the coins still have 119 mortises , so everybody can easily find the differences between for example the dime and penny.
- A Penny weighs 2.5 grams and it is interesting that it is a weight of a humming bird.
- You can find all 50 The US states at the top of the Lincoln Memorial on the back of a 5 dollar banknote.
- There is an owl in the upper left-hand corner on 1 dollar banknote, There is also a spider in the front upper right-hand corner of the banknote.
- The United States began to issue a 5 dollar banknote in order to avoid the coin shortage at the Civil War time.
- There have been also in the past a $500, $1,000, $5,000 and a $10,000 banknote in the past. And the US mint has never produced a 1 million dollar note.
- The amount of Monopoly money which printed in a year, more than real money amount printed throughout the world. It is very interesting fact! The amount of Monopoly game money is $15,140.
- On a Canadian 2 dollar banknote, the flag above the Parliament Building is an American flag. May be Canadians don’t notice it? How do you think?
- There are 293 ways to make change for a dollar.
That is all for today! Enjoy your holidays!
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Do you want to get a stable profit without nervousness? Do you know how to achieve prosperity and become successful forex market participant? Today I am going to tell you about very profitable trading strategies of our service (Forex trading signals) again. Their results really impress. These forex trading strategies brought big profits to their clients. And of course these Forex systems are ready to provide you with its signals now!
Record-breaker
The first forex strategy is Intermediate and intraday system of trading. It shows stable results which help its clients to get more profits and feel themselves confident in Forex market. Its total profitability is +10.04 % . This trading system of trader Braindust has win ratio of 53 %. And this forex trading system supplier brought +840 pips to his clients last week! It is a record of the week! Nad he has already had +113 this week! The only think you need is just to subscribe and increase your earnings!
BigBen_9 and Big profits
The second trading strategy is called BigBen_9 strategy system. It is considered to be prospective and it shows pretty good results. You can look over its statistics and make sure. Its win ratio is 65 % . The total profitability of this trading strategy is +21.90 %. Latest week gave clients of this forex trading system supplier +63 pips. This forex trader is a real professional. He knows how to make money, so subscribe right now and soon you will considerably increase you profits!
Stable and profitable. Boly_Gu trader
Also I think it is necessary to mention Boly_Gu trading strategy . This trading system is also quite successful and this trader is an expert of Forex trading. It is really true. Just examine his strategy system and its statistics. The win ratio is 64 % . Its total profitability is +64.55 %. The profit of the last week is +25 pips. Impressive, don’t you agree? Get a subscription to this trading system and make money without any worries.
So, these abovementioned forex traders are ready to make real money for you and with you. Be winners! Subscribe and get profits! Good luck!
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This is just a joke but it can happen with everybody, not only with traders. Take care! A forex trader and a blonde are sitting next to each other on a long flight from LA to NY. The trader leans over to her and asks if she would like to play a game. The blonde just wants to take a nap, so she politely declines and rolls over to the window to catch a few winks.
The forex trader persists and explains that the game is really easy and a lot of fun. He explains “I ask you a question, and if you don’t know the answer, you pay me $5, and visa-versa.” Again, she politely declines and tries to get some sleep.
The trader, now somewhat agitated, says, “Okay, if you don’t know the answer you pay me $5, and if I don’t know the answer, I will pay you $50!” Figuring that since she is a blonde that he will easily win the match. This catches the blonde’s attention and, figuring that there will be no end to this torment unless she plays, agrees to the game.
The forex trader asks the first question. “What’s the distance from the earth to the moon?” The blonde doesn’t say a word, reaches in to her purse, pulls out a five-dollar bill and hands it to the trader.
Now, it’s the blonde’s turn. She asks the trader: “What goes up a hill with three legs, and comes down with four?” The trader looks at her with a puzzled look. He takes out his laptop computer and searches all his references. He taps into the Airphone with his modem and searches the Net and the Library of Congress. Frustrated, he sends E-mails to all his coworkers and friends he knows. All to no avail. After over an hour, he wakes the blonde and hands her $50. The blonde politely takes the $50 and turns away to get back to sleep.
The forex trader, who is more than a little miffed, wakes the blonde and asks, “Well, so what is the answer!?” Without a word, the blonde reaches into her purse, hands the trader $5, and goes back to sleep.
Good trading this week!
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Many forex traders try to answer the urgent question: We show successful results and make pretty good profits. Why they have so few clients? Ok, we will answer this question. Let us explain something to you:
Firstly, trading signals which are sent by forex traders, are executed by clients by themselves. What does it mean? Trader gave a signal, we sent it to subscribers and they receive it by their e-mails or by sms. SO they got a signal and they open a platform by forex brokers and operate these signals. Secondly, and this is very important, time for execution of signals takes 1-3 minutes!
Also it is necessary to mention that a substantial part of our subscribers uses Expert Advisor and also Automatic signals execution. But meanwhile there are some delays of 1 minute and may be even more.
So forex strategy suppliers should take into consideration these peculiarities of sending trading signals:
1. Your client can not execute trading signals immediately.
2. Some time must pass in order subscriber could operate signals in proper way
3. If you send many trading signals… one by one, one by one, it can spurn your clients ( potential and current) from your forex strategy.
That is why forex strategies which use scalping and movable active markets are not popular among our clients.
We recommend you to focus your attention on this article. It will be useful and profitable for your clients and for you.
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Let me introduce you one of the most succesful traders of our service. His name is Lexon (lexon trading system) and he answered our questions, so you can know more about him and his forex strategy. Here is an interview:
-Hi, Lexon! Please tell us a little about yourself
-Hello subscribers and all readers! I think I am a trader of a new generation. I’m 30. I’m from the Ukraine. I’ve got a higher education in the sphere of Economics. After I graduated I became an ordinary worker of a private scientific production association and then in 3 years have became a deputy manager. I am a family man, I have a wife and a child. My favorite hobbies are billiard, solution of puzzle and, of course, Forex trading.
- What is Forex for you? Just hobby or money?
- I can’t answer definitely. On the one hand, Forex is not the only one source of money for me. I have another business interests. On the other hand Forex requires a serious approach. So it wpuld be wrong to say that it is just a hobby. Qualitative and full-blown analysis takes much time. You should always follow an economical and political situation in your country, read much, and communicate much in order to be well-informed about everything.
I think you can understand that I couldn’t have a dream about a good trading system, for example as Mendeleev had a dream about his periodic table. You should go through the thorny path studded with many difficulties, failures, losses and sleepless nights in order to become a successful trader. And this path can take a few months and even years. As it has happened with me. So, I can conclude that Forex is a part of my life.
- How many years have you been trading at Forex market? How did you begin your forex trader activity?
- I have been trading for 2 years. But I had studied Forex market for 4 years before and of course I have been studying it now. I am used to have a serious and detailed approach to Forex trading. When I first have heard about Forex, I have thought that it is a good chance and an endless potential. I had looked through some information concerning trading and decided to be a trader. Then I, as many beginners, have began to look over special literature concerning Forex market, I have examined many analysis, some trading systems. Then I opened a demo-account and tried to get stable and profitable results. But all my attempts were vain and as a result I have lost my deposit.
Then I – getting experience and skills – began to understand that my first steps as a forex trader were wrong. Everybody knows this statistics that says 99% of traders are not stable and profitable. I thought, but all these traders read the same literature and use the same sources. I need another approach. I don’t want to be a part of 99% unprofitable traders. So, I have begun to seek something new.
It would be wrong to say that classical approaches are incorrect, but they are not efficient today and have a «fifty-fifty» chance. So trader should eliminate wrong directions.
- Describe your style of Forex trading?
- I have taken pains with different moments and patterns, so I have worked out a math model of forex trading, which is a basis of my strategy. My friend and my brother-in-law have helped me a little bit, but the main idea belongs to me. This system allows me to enter the market accurate within 10 pips, so my service has a short stop-loss of 30 pips. As any model or trading system, this strategy requires a additional filtration. So I use classical types of fundamental and technical analysis there. But to tell the truth I use types which haven’t been changed for many years and I don’t use indicators at all. I also don’t use automatic systems. Uniqueness of my forex trading system is that it has worked equally now and 5 years ago. I have checked it on the history of quotes.
- Every trader has different moments in his activity. What was your most memorizable profit or loss? What lesson have you learned?
- Traders don’t like to speak about sum of profits, you know. A professional trader abstracts away from a value of money at the account. Forex traders should easily take any loss or profit. A Bad trader thinks that he has made a mistake, that market was against him and he is not a lucky person. A good trader is sure in his Forex strategy and he knows that after one, two or three losses will be a good profit which will break all the losses. A professional trader knows that he can’t have only profits, but hу has much more profits then his losses. It is not my words but it is really true.
What about losses. As I have already mentioned I can remember some difficult situation but not some particular loss. For example, I had waited some event long, and I was sure in the situation. Bur this event hasn’t occurred and vice versa it has draw back. I had waited several weeks and then I put up with it. I thought that this event will never occur. But one day the situation has suddenly changed and I have got a huge loss instead of a huge profit. These moments I, as forex trader, remember and will remember.
-What recommendations can you give the beginners of Forex trading?
-Don’t set any limits and rules! There are no any limits and rules. Listen to your collegues and take an advice, but you should always have your own opinion. Don’t be a part of a crowd. You must be a part of 1% of profitable traders. Always keep abreast of the situation in the world! There is no the Holy Grail of zero-risk trading strategy. The Holy Grail of Forex is the trader. So you should find this trader inside you.
- How has the market changed during recent years? What is your prognosis?
- There is no doubt that market has become more complicated. We can speak about it from different point of views and there are many, sometimes opposite opinions. Market is operated by professional manipulators now. Not long ago you could trace the movement of market by news oк some event and so on. Today the certain situation or event is created to live up to smb’s expectations of this movement.
-What can we expect from Forex market in the near future? Your brief analysis…
- I operate short-term trades, but can give more long-term prognosis. EUR/USD – expected to reach about 1,4400, then trend down to 1,300-1,270. GOLD/USD – expected to continue growing to 1495-1500, then trend down to 1200. I think it is enough.
- Ok, thank you for your answers and good luck!
- Thank you!
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Trading Forex is a long term business.
If you keep your homework, you will finally achieve consistent results (I´m done for the month, as you can see my performance) . But still for many , you are left with your trading plattform and your account hit. So what´s next ? For the first time, I´m offering you the opportunity to ask me as many questions as you have regarding Forex .
Please submit your comments and will reply in several posts .
Tags: fx trade signals, how do I become a better trader, Trader jpocalles
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