Tag Archives: profit
Trading Update. 17 Trades 17 Winners 461.7 pips.
I have not done a weekly trading update for a long time so I thought I would share last weeks trades with you. There are a few of what I call breakeven trades which are trades that only yield a few pips. But as you can see from the list below I had 17 trades with 17 winners and a total pip count of 461.7.
All these trades can be verified with a trading statement if required. Just drop me an email if you want to see the trading statement.
Sold GBP YPY at 14698.8. Closed at 14544.4. Profit 154.4 pips.
Sold GBP USD at 13260.9. Closed at 13210.8. Profit 50.1 pips.
Sold USD CAD at 13227.8. Closed at 13197.7. Profit 30.1 pips.
Bought AUD JPY at 81.193. Closed at 81.231. Profit 3.8 pips.
Bought AUD JPY at 81.918. Closed at 82.036. Profit 11.8 pips.
Bought AUD USD at 0.73957. Closed at 0.74030. Profit 7.3 pips.
Bought GBP JPY at 14479.4. Closed at 14501.6. Profit 22.2 pips.
Bought GBP JPY at 14463.2. Closed at 14503.6. Profit 40.4 pips.
Bought CAD JPY at 82.825. Closed at 83.175. Profit of 35 pips.
Bought AUD USD at 0.73900. Closed at 0.73931. Profit 3.1 pips.
Sold USD CAD at 1.32920. Closed at 1.32880. Profit 4 pips.
Bought GBP JPY at 14475.1. Closed at 14478.1. Profit 3 pips.
Sold USD CAD at 1.33245. Closed at 1.333143. Profit 10.2 pips.
Bought CAD JPY at 82.692. Closed at 82.879. Profit of 18.7 pips.
Sold GBP USD at 13281.1. Closed at 13278.6. Profit 2.5 pips.
Sold EUR USD at 1.16662. Closed at 1.16395. Profit of 26.7 pips.
Bought CAD JPY at 82.384. Closed at 82.768. Profit of 38.4 pips.
Total pips for the week. 461.7.
If you are struggling with your trading and want to get similar results to these please then consider one of my Forex training courses. Thanks for visiting. Have a great day.
Learn How To Trade Forex Like A Professional Trader
I don’t often share trading statements on my blog, but i have decided to share this one, as it shows not only that i have the skills and market knowledge to be able to teach you how to trade like a professional trader, but it also shows some interesting statistics regarding profit and loss.
To be a successful trader.
To be a successful trader you have to have market knowledge. Knowledge is by far the biggest asset to a successful trader. Many traders say that psychology or discipline are the most important things you have to master. They say that if you are not a disciplined trader, or you do not have the correct mindset then you will not succeed.
Both of these attributes are needed to become successful, but having the correct market knowledge and understanding the forces that drive price, is the most important thing you need to learn. You can have the greatest discipline in the world, but without market knowledge you will not be successful.
The importance of profit and loss.
Profit to loss ratios can sometimes be overshadowed by win to loss ratios, but profit and loss is a key factor to long term profitability. Lots of traders are turned on by a high win to loss ratio, but winning 99% of your trades is no good if the one loser blows out your account.
The statement below shows where you need to be regarding your profit to loss ratios.
When i am hitting it out of the park i can have a win to loss ratio of above 95%. Yes that’s pretty impressive i know, but its the profit to loss ratio that really counts. As you can see from the trading statement, the win to loss ratio is 73.98%. Now while that is not particularly high, the profit to loss ratio is very good, with a gross profit of £34,763.81, against a gross loss of £3996.01. Which is a profit to loss ratio of almost 9 to 1.
How do you achieve a high profit to loss ratio?
Cut your losers quickly and let your winners run. I am sure you have heard that statement before, but its probably one of the hardest things to do in trading. No one wants to take a loss, that’s completely natural, but letting your losers run too long will kill your profit to loss ratio.
To achieve a consistently high profit to loss ratio you first have to have a great strategy. When you have developed your trading strategy you have to trade it as mechanically as possible. If the reason for entering a trade has changed, then get out of the trade as quickly as possible.
For example. You enter a trade at a specific price point as you expect the market to go in your favor. As soon as the market does not do what you expect it to do, and the reasons for entering that trade are no longer valid, then exit the trade. There is no point sitting in a losing trade hoping it will come back.
Sitting in losing trades hoping they will come back just grinds you down. It also stops you from looking at other trading opportunities, as you are glued to the chart, watching every move your losing trade is making. Just take the hit and move on. If you have a good strategy then you will soon get back that small loss.
You can see on the statement that the largest profit on a single trade was £427.60, against the largest loss on a single trade of £74.89. So even though the win to loss ratio is not that high, the profit to loss ratio is. So a consistently high profit to loss ratio will always trump a high win to loss ratio. If you can have both then that’s even better.
Learn how to trade like a professional trader.
If you want to be successful in this business you have to trade like a professional. All professional traders have sound market knowledge, and good profit to loss ratios. Forex trading is a cut throat business. This is not a Sunday afternoon kickabout in the park, its a ruthless business where only the best traders will survive.
You have to be on top of your game if you want to mix it with these sharks. If you are not the best you can be, they will eat you for breakfast. Trading at a professional level is something that i believe is almost impossible to learn on your own. Getting educated and mentored by a professional Forex trader is a must as far as i am concerned if you want to trade full time and make it your job.
Yes i would say that, as i offer education and mentoring. But listen, i am a trader first and an education provider second, and that is an important thing to remember. I am not a Forex training school, that offers the same old rubbish you can get on the internet for free. What i teach, you cannot get on the internet, or anywhere, free or paid.
My Forex training course is not cheap, but when you have the market knowledge to enable you to turn £10,000 into over £40,000 in less than 6 months, then i am sure you can see the value in what i am offering. If you cant see that, then i am sorry but i can’t help you.
For more information on my Forex training course please click here.
Thanks for visiting my blog and have a great day. 🙂
193 Pips On Thursday For One Of My Students.
Hi folks, apologies for not updating the site but i have been very busy during the week and i have been enjoying my weekends. I got into this business to have more free time, but since i have started teaching i am getting less of it. 🙂
I do enjoy teaching though, and it gives me great pleasure to see my students doing well. Its also summer, and i want to be out enjoying the weather while it lasts. I do like the nice weather and we get so little of it in the UK, so i am trying to make the most of it before the long winter comes along.
Trading over the last few weeks and been good, not as good as it should be as i have been focusing on helping my guys understand what i teach, and i don’t teach and trade at the same time, but i have still banked over 700 pips so far this month. Considering i have been out enjoying the sun and teaching for most of the month, i am quite happy with that. Its not all about the money, its about enjoying life too.
My students are doing very well though, my best student made 193 pips on Thursday, and regularly gets over 100 pips per day. I am over the moon with his progress so far, and he will have many 200 pips plus days i am sure of that.
My target, and the target of all my students is 100 pips per week, but if you get stuck in you can easily make 100 pips per day. A lot of people who read this blog do not believe how successful my stuff is, and how well it works, but if you decide to trust me and come on board, you will soon see how powerful my stuff is, and how easy trading can be when you understand how to read the charts. My guys are taking their trading to a whole new level based on what i teach them.
Its very rewarding for me to know that i am teaching a method that works consistently for every person that uses it. I know it works, as i have been trading like this for years, but when you are teaching someone else how to trade, you always worry that they will not understand it, or you may not be able to convey the information. But so far so good, all of my guys are learning my stuff, and are very happy with how i teach it.
So if you are reading this post and you are one of the 95% that are struggling to make consistent profits from your Forex trading, please get in touch with me. I can guarantee 100% that what i teach you will take your trading to a whole new level, and your investment in my Forex training course will be the best investment that you will ever make in your Forex education. 🙂