Winning Forex Trading/Technique for Newbies and Pros (Part 4)

elkapons By elkapons, 15th Oct 2015 | Follow this author | RSS Feed
Posted in Wikinut>Money>Forex Trading

Winning Forex Tradings for newbies and pros, learn the basics and step by step strategies from ZERO to HERO

The Trading Plan

As I said in Part 1 of this article KEEP IT SIMPLE. So here I will shows a simple trading plan that very profitable. Now you too can be profitable in forex trading even you are a newbie.


Initial Capital = USD1000
Risk per trade = 1%
Reward = 1:1 to 1:3 if 1:1 return 1%, 1:2 return 2%, 1:3 return 3%

The Goals

1. Short Term Goals
Earn at least 1% of my capital per single trade for R:R 1:1.

2. Mid Term Goals
Earn at least 9% ROI of my initial capital for 10 trades. 9% return based on 1% rewards using compounding.

3. Long Term Goals
Earn at least 20% ROI of my initial capital for 20 trades. 20% return based on 1% rewards using compounding.

The Strategy

I will focus only on :-


Trading styles; Intraday Trading.

Indicators; Price Action, Support and Resistance zones.

The Analysis; Analyzing chart 1 to 2 hours before London market open.
1. Identify market trend; Bigger view on H4 and D1 Draw some trendlines and support and resistance zones.

2. Looking for Entry on H1; check for any retracements or reversals and looking for signal using price action on zones draw before.

3. Risks and Rewards; 1:1 to 1:3 depends on nearest zone from entry points

4. Lots; Risk/Pips = Lots size

FOLLOW ME closely for next articles. There will be more REVEALS and EXCITEMENTS, PROVES a NEWBIES that starts from ZERO can be a HERO.

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author avatar elkapons
Keep on learning everything, You'll get everything

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