Forex Profits Video

By: Guest More than a year ago

Find the best forex brokers at forex-reviews-news.b logspot.com/

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By: Guest More than a year ago

Rubbish ! This trader will be wiped out fast ! He fails to explain how he ( Cherry) picks the 'fat WINNING trade....and only a a token size contracts on the losers..... Stay away !

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Forex Profits

Hey guy Steve here again from the Netvestfund.com. Today, we are going to over the last trading plan you will ever need; also known as the World's Best Money Management System. In this example, we are using foreign exchange as our trading tool or the market we are trading is the foreign exchange market. You can be trading in whatever market you want to be trading and you trade stocks, you can trade rocks, you can trade oil, you can trade futures, it doesn't matter. All you have go to do is replace the increments with the increments that you are using in the market that you are trading. So, for example, in the stock market instead of using pips you would use Pennies or Cents, so that's the only thing you would have to tweak here. Let's get right down to business here guys. Let's tell you, as a trader, that our batting average or percentage of trades we want to get right is only 40%. We only want to get four out of 10 trades right. Sounds pretty easy and it is. Most traders out there are getting much more if they would let their money management system work they would be getting much more than four out of 10 trades right. Okay, I am talking professional traders now, not the people who are losing money in the market. For risk to reward, we are going to go with 1:3 that means for every dollar that we put to risk we want to make 3. The maximum we want to make on a trade in this example is $300. Now this system is tweakable, you can make $3,000 per trade, $300,000 per trade or try to make $30 per trade or $3 per trade. It depends on your account size and so just tweak the system to fit your trading account size, your account size, and your risk parameters. Let's get down to the trades; we go through 10 trades. First trade, we lose 40 pips; second trade, we are up 20; third trade, down 60; four, down 120; five, up 90; six, up 10; seven, up 50; eight, down 50; nine, down 40; ten, down 80 pips. Total losing number of pips was 390. We only made 170 pips out of these 10 trades. Bottom line is not looking so good. We lost a total of 220 pips if you have averaged all these trades out we have lost 220 pips. So, do you guys think we made or lost money; we will get right down to it here really quickly. Remember the Money Management Rules; here is how each trade would break down. Trade one, we lost $100; trade two, we are up 3; trade three, down 1; trade four, down 1; trade five, up 3; trade six, up 3; trade seven, up 3; etcetera, etcetera guys. Remember the Money Management Rules meaning that for every trade that we won we made $300; for the trades that we lost we only lost $100 because of our money management system and the way that we did this was by sizing our lots properly based on our chart patterns. So with the world's best money management system in place, we actually made $600 out of those 10 trades. So when somebody says, "you know I made a 100 pips this week or 5,000 pips this week," it doesn't impress me at all because the first question I have is well what money management are you using? We actually lost 220 pips in our example and we still made money, so you guys have probably seen on the forums, you know make 100 pips-a-day. Well, I could write on the forums, lose 220 pips-a-day and we would still be making money here, okay. So, if you could make 100 pips-a-day turning this around and make 100 pips-a-day just imagine the kind of money you could be making in the market with proper money management in place. Let us just get down to the contact information here, if you have questions about this system or don't understand something, or want to go over with something in more detail I'll be more than happy to talk to you over the telephone or over one of the chat methods we have at the website. Just email us at info@netvestfund.com or steve@netvestfund.com either one will be fine and just put in there that you saw the video and you want some more information and if you go to our website www.netvestfund.com click on the Contact Us page, you will see there the various telephone numbers and Skype and Yahoo IDs which are just simply NetVestFund for both and the email is there and there is also a contact form right here at the site if you wanted to use that as well. It will come through to one of us and it will get passed along to me. So happy trading guys and hopefully this has put some -- turned some light bulbs on for some of you traders out there we are not using money management and are probably thinking now, "Wow! You know, I've heard about this money management stuff, pretty cool." So, alright guys see you in the next video. Thanks a lot.

NetVest Fund

http://netvestfund.com

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Hey guy Steve here again from the Netvestfund.com. Today, we are going to over the last trading plan you will ever need; also known as the World's Best Money Management System. In this example, we are using foreign exchange as our trading tool or the market we are trading is the foreign exchange market.

You can be trading in whatever market you want to be trading and you trade stocks, you can trade rocks, you can trade oil, you can trade futures, it doesn't matter. All you have go to do is replace the increments with the increments that you are using in the market that you are trading. So, for example, in the stock market instead of using pips you would use Pennies or Cents, so that's the only thing you would have to tweak here.

Let's get right down to business here guys. Let's tell you, as a trader, that our batting average or percentage of trades we want to get right is only 40%. We only want to get four out of 10 trades right. Sounds pretty easy and it is. Most traders out there are getting much more if they would let their money management system work they would be getting much more than four out of 10 trades right. Okay, I am talking professional traders now, not the people who are losing money in the market.

For risk to reward, we are going to go with 1:3 that means for every dollar that we put to risk we want to make 3. The maximum we want to make on a trade in this example is $300. Now this system is tweakable, you can make $3,000 per trade, $300,000 per trade or try to make $30 per trade or $3 per trade. It depends on your account size and so just tweak the system to fit your trading account size, your account size, and your risk parameters.

Let's get down to the trades; we go through 10 trades. First trade, we lose 40 pips; second trade, we are up 20; third trade, down 60; four, down 120; five, up 90; six, up 10; seven, up 50; eight, down 50; nine, down 40; ten, down 80 pips. Total losing number of pips was 390. We only made 170 pips out of these 10 trades.

Bottom line is not looking so good. We lost a total of 220 pips if you have averaged all these trades out we have lost 220 pips. So, do you guys think we made or lost money; we will get right down to it here really quickly. Remember the Money Management Rules; here is how each trade would break down. Trade one, we lost $100; trade two, we are up 3; trade three, down 1; trade four, down 1; trade five, up 3; trade six, up 3; trade seven, up 3; etcetera, etcetera guys.

Remember the Money Management Rules meaning that for every trade that we won we made $300; for the trades that we lost we only lost $100 because of our money management system and the way that we did this was by sizing our lots properly based on our chart patterns.

So with the world's best money management system in place, we actually made $600 out of those 10 trades. So when somebody says, "you know I made a 100 pips this week or 5,000 pips this week," it doesn't impress me at all because the first question I have is well what money management are you using? We actually lost 220 pips in our example and we still made money, so you guys have probably seen on the forums, you know make 100 pips-a-day. Well, I could write on the forums, lose 220 pips-a-day and we would still be making money here, okay.

So, if you could make 100 pips-a-day turning this around and make 100 pips-a-day just imagine the kind of money you could be making in the market with proper money management in place.

Let us just get down to the contact information here, if you have questions about this system or don't understand something, or want to go over with something in more detail I'll be more than happy to talk to you over the telephone or over one of the chat methods we have at the website.

Just email us at info@netvestfund.com or steve@netvestfund.com either one will be fine and just put in there that you saw the video and you want some more information and if you go to our website www.netvestfund.com click on the Contact Us page, you will see there the various telephone numbers and Skype and Yahoo IDs which are just simply NetVestFund for both and the email is there and there is also a contact form right here at the site if you wanted to use that as well. It will come through to one of us and it will get passed along to me.

So happy trading guys and hopefully this has put some -- turned some light bulbs on for some of you traders out there we are not using money management and are probably thinking now, "Wow! You know, I've heard about this money management stuff, pretty cool." So, alright guys see you in the next video. Thanks a lot.

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