14/08/2022
Let's teach you how to trade. There's a $6.6 trillion Forex market out there. Don't fall for scammers. Learn to trade... It has a lot of maths to it, a multitude of strategies, and a plethora of events and it asks for basic economic knowledge.
The graph below is on Silver (it is more expensive to trade than Gold, but few know that its returns are more stable and actually sets the trend for Gold)
Trade ONE - all three TPs (Take Profit targets) won!
Trade TWO - not an immediate win, but see how the trade eventually becomes successful as its SL (Stop Loss point) was not affected by Trade THREE... This is called patience in the market. After Trade FOUR, this trade's TP2 was reached...!
Trade THREE - this would obviously have been a loss. The best thing is that the trend line forwarned us not to take it as Silver was in a general Bearish (downward) swing - check the red line that goes horizontally down. So, this trade was ignored.
Trade FOUR - seamless winner, like Trade ONE.
Trade FIVE - another straightforward winner...!
See the dates on the crossbar in white, this was how we closed by Friday, with all four trades taken in full profit.
Now you can calculate the win rate on each trade as all TP's were met.
There's no quick, effortless money to be made in Forex. It all takes work, dedication, and discipline. There is no trader that always wins as the market can be unpredictable at times and a lot happens in the world affecting the market.
Our win rate stands between 75 and 85%.
As for Silver, it's likely going to go Bearish a bit and then attempt to break to Bullish levels. Its sister, Gold, will follow suit. So, in the scheme of things, some metal prices influence others, and the two main capital indicating commodities - Gold and the US Dollar - are always in negative polarities to each other. If Gold goes up, the USD will go down, and vice versa, the simplest of economic/financial facts. You must see how we sometimes milk this basic principle when the Non-Farm Payrolls in the US are released... 🤣😇
A winning week for you!