Many traders and online users are wondering if it is really possible to make money with Forex Trendy, the well-known Forex trend scanner that helps traders find profit opportunities on trending pairs, using its powerful algorithm capable of recognizing continuation patterns and therefore generate reliable trading signals.
But does it really work? Can you earn immediately with this online trend scanner? (no downloads required)
Well my answer is:
Yes!
But to become profitable and grow your trading account with Forex Trendy you need to follow these 3 rules.
Before showing you these rules I want to tell you why I use Forex Trendy and why you should use it too:
– Professional and reliable signal service.
– Avoid spending all the time in front of the charts to find trading opportunities.
– Instantaneous signals generated by trending currency pairs with a good-high earning potential (depends on market conditions).
DISCLAIMER
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
Rule number one: Avoid over trading!
You can’t think of trading all the signals that Forex Trendy sends!
On the 5 minute time frame the percentage of good signals is around 60-70%, for this reason it is better to select few and good signals and discard the less reliable signals.
This way you will protect your account and earn more at the end of the day!
Let’s take an example!
Mike trades all 10 signals he receives, 6 go in profit and 4 go in loss.
Except that in the end the total of the losses exceeds that of the gains and ends the day at a loss.
Now Mike realizes that he has to open higher quality operations.
So out of 10 signals it trades 6 of which 5 go in profit and 1 go in loss.
At the end of the day Mike closed in profit!
The golden rule is to trade less but trade better!
You don’t have to force trades at all costs if the right conditions aren’t there!
Rule number two: you must have a strategy!
You cannot think of trading continuation patterns without integrating them with other tools such as indicators and fundamental analysis (economic calendar).
You need to know where to put the stop loss and take profit already before opening the position!
You must also have good money management, therefore set the risk and the sizing: you cannot think of trading a lot or mini-lot with $ 500-1000 but you will have to opt for the micro-lot.
So you can better absorb any losses and not burn your capital!
By following these rules you will have a less subjective and more mechanical trading, in order to avoid as much as possible that emotions guide your trading!
DISCLAIMER
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
Rule number 3: Use demo mode before investing real money!
Once you find the “best” strategy, you must practice in demo mode, in order to make the necessary improvements to your strategy.
After 3 weeks or 1-2 months of profitable trading you can start investing real money.
You don’t have to hurry, the markets are always there! They don’t run away!
In the end…
If you follow these simple steps and remain disciplined you can grow your account with Forex Trendy!
Trading with trends is the convenient way to find excellent earning opportunities!
In case you have specific requests, do not hesitate to contact me at acetrader@forex-expert.net . I will personally replay asap!
To your success
Forex Expert
DISCLAIMER
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article. The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
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