Making Money Online Blueprints

Its Not How Often You Win or How Often You Lose ..

As my virtual mentor regularly states, being a profitable trader is not about how often you win or how often you lose, but how much you make when you win and how much you make when you lose. What does he mean by this. He is talking about two things: – Risk Management...

September 2016 Forex Trading Income

15 trades, 8 losing, 5 break even, so only two winning trades. So a terrible win rate (13%). This is what I need to focus on, i.e. stop taking trades unless I understand why they are high probability trades. This is a great example of the importance of risk management and as my...
How To Calculate Forex Volume Of A Trade To Determine Your Risk Reward

How To Calculate Forex Volume Of A Trade

Forex Volume Calculation When placing a trade using the Metatrader 4 platform, as well as specifying my Stop Loss, I also need to specify the Volume which will determine how much I am risking (and how much I will make if the market goes my way). For Forex trades I use an online...
why everyone needs to pay attention to the bond market

CNBC: “Why everyone needs to pay attention to the bond market”

As my virtual mentors are always stating, I need to stay aware of anything that affects three things: – Inflation – Interest Rates – Growth These three things are what drives Forex prices. That’s it. One way to track what interest rate expectations are is...

August 2016 Forex Trading Income

For August 2016 I am up 1.8%, this being my first profitable month since March. I made 7 trades, 2 winners (long USD PLN still being open), 2 break even, and 3 losers. I have been away for half the month on holiday, hence this may be a factor in stopping me over trading this...

How To Jump To Any Point In Time On The Metatrader 4 Platform

When switching to a smaller time frame on the Metatrader 4 platform to analyze what happened to price during a specific event, this video explains how to go to that date and time immediately instead of simply scrolling left or right.

A Great Forex Trade in June 2016 – Almost

A great Forex trade I almost did in June 2016. I had shorted the AUD NZD on 8th June as the price bounced off the top of the downward channel it was in, and before the NZD bank rate statement. The trade worked perfectly, but I messed it up by making my stops really tight closer...
Forex Trading Candlestick Price Patterns

12 Candlestick Reversal Patterns

One thing I need to do to improve my trading results is to close my positions before my target is hit when appropriate based on price action. This video by Stephen Bigalow explains the 12 candlestick patterns he recommends to use which provide reliable and relatively frequent...
Forex Trading Training – How I Became A Profitable Forex Trade - Main Image

Forex Trading Training – How I Became A Profitable Forex Trader

New To Forex Trading, or Don’t Know Where Next To Go? If you are searching for Forex trading training, you are likely to either be just starting on your learning Forex trading journey, or you have been trying for some time but are not yet making money. If you are new to...

May 2016 First Two Weeks Income Forex Trading

My Forex trading income for the first two weeks in May. For my closed trades I am down 2.4%, but have two open trades with stops above entry points so they are in guaranteed profit. My focus this month has been– Long GBP and USD (the best of a bad lot)– Short emerging...