Making Money Online Blueprints
03
OCT
2016

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...
18
SEP
2016
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...
05
SEP
2016

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...
13
JUN
2016

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...
31
MAY
2016
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...
15
MAY
2016

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...
02
MAY
2016

April 2016 Month End Forex Trading Income

My Forex trading income for April 2016. 15 trades, 3 wins, 3 break evens, 9 losers. Interestingly I have been wrong most of the time this month, but because of my risk management I am down only 1.44%.       
25
APR
2016

April 2016 First Three Weeks Forex Trading Income

After the first three weeks of April 2016, I am down 0.6%. Out of my 12 trades I have only had 2 half decent winners, but because of my strict risk management, I have lost very little. As my virtual mentor repeatedly says, with Forex trading it is not about how many trades you...
03
APR
2016
My FX Trading experience in a typical week

What To Expect FX Trading

FX Trading – My First Attempt When I first tried to make money FX trading, I worked really hard at it for two years, and eventually wiped my account in acts of desperation and frustration. I came to the conclusion that it was not possible for amateurs to be successful. I...
09
MAR
2016

Don’t Trade Non Farm Payroll Friday

This video shows a great example of how wild and random price action can be on Non Farm Payroll Friday. I’ve used the EUR USD for this example. One correction to what I stated in the video (it’s 4:30 and I’ve only had one coffee), when interest rates rise (or...
12