I specialize in day trading the Forex market using a combination of technical and fundamental analysis, with a focus on major currency pairs. Over the years, I have developed several strategies to identify short-term price movements, and I trade manually relying solely on my own technical analysis.
My trading system is based on identifying psychological support and resistance levels, and I usually open positions during the European session and occasionally during the American session. I carefully analyze market conditions to determine the number of trades to make each month.
To manage risk, I always use Stop Loss orders to protect each open position. I do not use risky strategies such as Martingale or grid of open positions.
My trading strategy typically generates a monthly profit of around 1-3% with minimal drawdown. Achieving consistent profits requires a combination of technical analysis and risk management techniques, which are key components of my trading approach.
For this trading strategy, one position uses 0.01 lot for every $500. For example, if there are 1,000 USD in this account, then the lot size used to open one position would be 0.02.
Stop Loss ranges from 15 to 60 pips. Max open trades 3.
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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 RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR BY PAST PERFORMANCE RESULTS. PROSPECTIVE CLIENTS SHOULD BE PARTICULARLY WARY OF PLACING UNDUE RELIANCE ON PAST PERFORMANCE RESULTS AND SHOULD NOT BASE THEIR DECISION ON INVESTING IN ANY TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.