How to make money daily! (proof inside)
It is nothing new that more than 90% of traders lose money and find it difficult to break even, while the remaining 10% take considerable profits home.
How is it possible?
In addition to following precise rules, transgressing as little as possible, these successful traders adopt solid winning strategies that allow them to bring home much more bread.
In today’s post I want to reveal to you TWO profitable strategies that the pros use every day to make a living.
I will also indicate an excellent tool you should use to increase your chances of success, showing you proofs of this remarkable tool.
Let’s start!
Disclaimer:
The information contained in this article is for illustrative purposes only. They are not in any way a financial advice or an invitation to invest your money following the information below. Trading is a high risk business, don’t invest more than you are willing to lose.
#1: Trend Following
It’s not a secret that many famous and rich traders made fortunes following the trends, guys like Ed Seykota, Richard Donchian, Kevin Bruce and many others have literally built huge patrimonies thanks to this strategy.
If you don’t have a trend following strategy you can download my free guide HERE.
But spotting the right trend to follow is not an easy deal… how can you find the best trending currency pairs/commodities at any timeframe you want?
Thanks to an online software you can have incredible information + accurate signals every time you desire. I want to introduce you to Forex Trendy!
As you can see I put some notes to make it simple for you.
A) The pair, trend direction and time frame.
B) The trend drawdown is calculated by the algorithm. The smaller the drawdown the stronger the trend. Forex Trendy will show you the strongest trends with the lowest drawdowns.
c) You can see the general trend direction on all time frames plus the relative drawdowns.
Forex Trendy boasts years of valuable service in the trading industry, so in the end it is a “must have” for a serious Trend following activity and chart patterns trading (I will talk about it below).
#2: Chart patterns trading
Chart patterns trading has shown a very solid and strong profitability over the years. Professional traders use it everyday, but there are few patterns that perform better than others.
These patterns I’m talking about are the Triangles, Wedges and Flags. If you don’t know about them I wrote a detailed post HERE.
Recognizing them requires time and experience, for this reason you can use Forex Trendy that scans the Forex Market and recognizes them for you.
A) Pair, time frame and trend direction.
B) Pattern
C) Buy or sell signals. In this case we have a buy signal. You’ll receive them on your mobile phone- email- or directly on your pc screen (at your choice).
D) The breakout point, were the price broke through the trend line.
E) Fibonacci Targets to put your take profits and forget about them.
Below I show you other profitable signals sent by Forex Trendy.
In conclusion, in my humble opinion, this is a great tool to sharpen your trades and increase your profit chances. The secret to profitable trading is “trade less and choose high quality trades”, and all this becomes easier thanks to Forex Trendy.
If you wanna find out more you can click on the link below.