Hi All,
After long consideration, I would like to share how i apply Simple Price Action Strategy (SPAS) to my Forex account. Normally two outcome will be happened, earn more than 300% per month or burn the account within a month. Most of the time my FX account will burn it all. So how i can still earn the money? Every time I just follow the below trading methodology in FX trading. Will it work? I don't know and it might kill my account again in this month. Let see the daily live result.
Trading Plan:
Pair : Gold, EUDUSD and GBPUSD
Time Frame: 1 Hour Chart
Some Basic Rule:
1) You need always think that how to don't lose your money in your FX account as first priority. Example: if initial startup capital is USD500, you need to make withdrawal from your FX account when amount reach USD1000 (100% profit from USD500) before your FX account burn it all. I only consider win when money in my pocket and not the +value show in my FX account
2) Make the forex strategy as simple as possible. no one can 100% predict the market movement. I am using ZERO indicator for the trading idea. Just open buy when market show uptrend and sell when market show downtrend. Just simple will do.
3) Always put the stop-lose for every open order.
4) Set daily or monthly target. When reach your target, just stop the trading. I am not consider open more trade in day mean that I can earn more. More trade < More win. We need to focus on quality trade order instead of quantity trade order.
Let see the result
After long consideration, I would like to share how i apply Simple Price Action Strategy (SPAS) to my Forex account. Normally two outcome will be happened, earn more than 300% per month or burn the account within a month. Most of the time my FX account will burn it all. So how i can still earn the money? Every time I just follow the below trading methodology in FX trading. Will it work? I don't know and it might kill my account again in this month. Let see the daily live result.
Trading Plan:
Pair : Gold, EUDUSD and GBPUSD
Time Frame: 1 Hour Chart
Some Basic Rule:
1) You need always think that how to don't lose your money in your FX account as first priority. Example: if initial startup capital is USD500, you need to make withdrawal from your FX account when amount reach USD1000 (100% profit from USD500) before your FX account burn it all. I only consider win when money in my pocket and not the +value show in my FX account
2) Make the forex strategy as simple as possible. no one can 100% predict the market movement. I am using ZERO indicator for the trading idea. Just open buy when market show uptrend and sell when market show downtrend. Just simple will do.
3) Always put the stop-lose for every open order.
4) Set daily or monthly target. When reach your target, just stop the trading. I am not consider open more trade in day mean that I can earn more. More trade < More win. We need to focus on quality trade order instead of quantity trade order.
Let see the result
https://t.me/GoldMaxFX