Here’s your chance to hear it from the So Darn Easy Forex Mentor (Yusef Scott) himself of all of the incentives he has to offer Forex traders from all across the world. For example, suppose you’re a day trader with a trading strategy where you risk, on average, 15 pips to win 30. After doing about 200 trades, it turns out that 50% of your trades reached their profit target of 30 pips; the other 50% of the trades went sour and triggered your stop loss.
If you find in all honesty the latter is your answer, you can still become successful, but either a) you will have to trade with that intention in your mind (via aversion to your current financial state) or b) your motivation will have to evolve into an more subtle appreciation for trading.
Not only has he clocked up more than 7 million likes and over 1 and a half billion views, Justin Bieber’s manager has added Psy to his roster, his single reached pole-position in the iTunes charts in at least nine countries, and he’s now a multi- millionaire just from google ads on his YouTube video!
According to the triennial survey from the Bank of International Settlements in 2013, as a country South Africa accounts for $27 billion of the daily forex turnover, or about 0.3%. However, the South African Rand accounts for over 1.1% or approximately $60 billion in daily currency trading with most of the transactions taking place outside of the country, mostly in the UK.
For more than a century, the average real return on investment in the share market has been in the order of 6%. Of course some investors do better than this, and some do worse, but buying and holding shares in a diversified portfolio should yield a solid return over long periods.
Sometimes, you will see that If 7am Gmt candlestick length is too short and if placing stop loss of 5 pips above high/low is too close to the price action, so to avoid getting stopped out prematurely, simply increase your stop loss distance a little bit further to around to maybe 15 pips.
This system is at its best when it is allowed to identify specific trends that can be further analyzed using other analytic tools, such as tools offered by Forex trading platforms like AlfaTrade — confirming potential trend reversals and highlighting relevant patterns.