Tabecool Trading Angels

18/05/2017

LESSON TWO

Now we know TRADING ITS EITHER BUYING OR SELLING

Now in TRADING WE CALCULAT OUR PROFIT IN PIPS AND DOLLARS

A pip is a number value. In the Forex market, the value of currency is given in pips. One pip equals 0.0001, two pips equals 0.0002, three pips equals 0.0003 and so on. One pip is the smallest price change that an exchange rate can make. Most currencies are priced to four numbers after the point
EXAMPLE 1

IF SAY WE ARE TRADING
EURUSD BUY
AT TIME OF PLACING TRADE
€1 = 1.2340 it's BUY mean we are saying Euro is gaining cause its to the left and USD is LOOSING

Your PROFIT calculated like this

You look at Last 2Digits after coma in this case our are last 2 digits
In 1.2340 are 40

Per day when u trade u must TARGET 20pips that 40 is the one we use to calculate profit all the time we use last 2 digits no matter AUDUSD USDCAD GBPUSD USDCHF

So now the price is
at £1 =$1.2340 after an hour the new price
Is £1=$1.2360
We add 20 to the last 2 digits which is 40 to 60 so when we take profit the new price of the dollar will be £1=$1.2360 we added 20 to 40 to get the new price LIKE I SAID 20 DIFFERENCE IS OUR TARGET PROFIT

SO THAT CHANGE IN THE LAST FOR DIGITS THAT’S OUR PROFIT IN PIPS WETHER IT’S A SELL OR BUY THE CHANGE /DIFFERENCE IN THE LAST FOR DIGITS IS OUR PROFIT OR LOSS IN PIPS

EXAMPLE 2
Say we are trading AUDUSD sell

Our entry price at the trade its 1 aud= $0,9980 now we are selling in this trade meaning our direction is DOWNWARD
Now after 1hr trade for us to get profit the last two figures 80 as per our target has to go down by 20pips to a new price meaning

At time of placing trade 1aud =0.9980
And now after one hour of selling supposed we managed to reach target of 20pips /day. Our new price of AUDUSD
WILL SINC ITS SELL WE SUBSTRACT THE LAST TWO FIGURES BY 20
So new price its

1 AUDUSD = $0.9960

that’s the price when the trade closes
So that’s how calculate profits in PIPS

17/05/2017

LESSON 1 FOREX TRADING

WHEN WE ARE TRADING FOREX
We are saying the chosen PAIR OF CURRENCY one of them has to GAIN VALUE the other one LOOSE VALUE

We mean lets say pair USDZAR
WE TRADE TRADE it means BUY OR SELL, so we trade basing on the currency to the LEFT of the pair in this case USD is the one to the left and ZAR

OK LETS SAY NOW US$1 =R10 and time is 0800am and after an hour of trading and lets assume we placed the trade as BUY
And by placing trade USDZAR AS BUY we actually saying USD is gaining value to the Rand because USA is the left . And say after an hour the trade went our direction now the new price is $1=R13.50 it means now the dollar has gained value to the rand why because 1HR ago with $1 you could get R10 but now you are getting more rands which is R13.50

SO IF we were SELLING like our trade now is SELL what could be happening its like
USDZAR SELL TRADE, as you usual we look to the currency to the left and its USD meaning USD is LOOSING and RAND GAINING
FOR EXAMPLE USDZAR SELL lets say now at 0800hrs USD$1=R10 after an hour of trade the value is now at $1=R7 you can actually tell that before 1hr with $1 we could get R10 now we only getting R7 it tells Dollar has lost value and the Rand has gained value so that’s trading forex .

WE ALWAYS CONSIDER THE FIRST CURRENCY TO THE LEFT WETHER BUY OR SELL

EXAMPLES

AT TIME OF TRADE
EURUSD BUY (1EURO=$1.2030 AFTER 1HR 1EURO=$1,2050) MEANING EURO GAINED FOR WE GET MORE DOLLARS NOW

GBPUSD SELL TRADE (1POUND= $1.2080 AFTER 1HR 1POUND= $1.2060) MEANING THE POUND HAS LOST VALUE FOR WE GET FEW DOLLARS NOW IF WE SELL THE POUND

ON THE TRADING CHART
BUY –your direction is UPWARDS

SELL- your direction DOWNWARDS

NEXT LESSON COMING STAY TUNED!!!!!!

14/05/2017

****Guess, who says this?*****

*👉l don't have the money*
*👉To get people will be my problem*
*👉when have the money I will get back to you*
*👉When am ready I will let you know*
*👉I am very busy.*
*👉I don't have time.*
*👉I can't make it.*
*👉I will not be chanced.*
*👉I cant afford it.*

So these people are so busy yet doing nothing really productive perhaps they are confused *ACTIVITY* for *PRODUCTIVITY.*

Painful enough many of these people do not even earn something tangible at the end of the month, yet always very busy every month.

From research and sampling, I have found out that you will find these SYMPTOMS with a group of people called..........

*(PASSING OVER OPPORTUNITIES REPEATEDLY)*

They are the ones who always say

*" I KNOW "*
*" I HAVE HEARD THAT BEFORE "*
*" I WILL DO MY ANALYSIS "*
*" I WILL THINK ABOUT IT*
*" I WILL LET YOU KNOW WHEN I AM READY"*

After 6 months when you see them again, they say
*"I have not forgotten about you🙄
*I have been very busy, I still have it in mind. 🙄"*

After 12 months they be like... "Oh My God... Why didn't u tell me this is how it is, s**t!
You should have forced me to do it. Now, I wish I started this back then"*

*The BIG question is -*

What are you doing today to ensure you work less tomorrow and live a well

01/05/2017

How do you buy and sell currency?
Part 2 Buying and Selling Currency
Obtain cash in your local currency. ...
Find a currency exchange broker. ...
Look for brokers that offer low spreads. ...
Start placing currency transactions with your broker. ...
Set stop-loss orders. ...
Record the cost basis for your transactions. ...
Limit the amount of currency trading you do.

01/05/2017

The foreign exchange market (Forex, FX, or currency market) is a global decentralized . This includes all aspects of buying, selling and exchanging currencies at current or determined prices.
In SHORT BUY AND SELLING OF CURRENCIES ON INTERNATIONAL MARKETS.
If u don't know anything about Forex it's time now
If you think the Euro will increase in value against the US Dollar, you buy Euros with US Dollars. If the exchange rate rises, you sell the Euros back, and you cash in your profit. Please keep in mind that forex trading involves a HIGH RISK OF LOSS.
The Foreign Exchange market, also called FOREX or FX, is the global currency trading market. ... On the FOREX market one currency is exchanged for another. The single most important thing on the FOREX market is the exchange rate between two currencies (a currency pair for example
Gbpusd
EURUSD
EURGBP

29/04/2017

Trading Tips

I just learned football and trading have many things in common

1.Determination, training and passion

2.Be prepared b4 u strike Concentrate on what ur doing

3.Constant training to gain confidence

4.Have a strategy you control your position by determining ur risk limit

5. Be disciplined controlling your emotions respect your risk limit

6.You need to sleep without a good rest you can't think carefully

7. Learn to have patience
Don't trade too fast & don't risk too much.. There is always the next trade

8.Be aggressive if you know what you're doing... tips from Michael Ballack I thought I should share

10/04/2017

https://www.jse.co.za/
news/jse-investment-challenge-public

A world class African exchange located in Sandton, Johannesburg, South Africa. Raise capital for your business. Discover a range of investment products for all levels of investors.

08/04/2017

22/05/2016

We don't trade on Demo accounts. Why? Because our system is very profitable, we trade on Real accounts only.