Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    From $11.99/month after trial. Cancel anytime.

    50 Pips a Day Forex Strategy
    50 Pips a Day Forex Strategy
    50 Pips a Day Forex Strategy
    Ebook54 pages36 minutes

    50 Pips a Day Forex Strategy

    By Laurentiu Damir

    4.5/5

    ()

    Read preview

    • Risk Management

    • Trading Systems

    • Forex Trading

    • Trading

    • Money Management

    • Support & Resistance Levels

    • Trading Strategies

    • Trading Psychology

    • Price Trends

    • Trading System

    About this ebook

    50 Pips A Day Forex Strategy

    Start making consistent profits in the forex market

    Components

    - Support and Resistance
    - Candlesticks
    - Moving Average
    - Timeframe - 4 hours chart

    Summary

    This is a very clear and simple to follow forex trading strategy to get you started achieving consistent profits day after day trading the forex market. It will make you 50 pips per day or more every day. It is ideal for beginner traders but it will give a great deal of help to more experienced traders that have not found a clear strategy to make profits consistenly
    It is easy to understand and to put in practice.
    It has very well defined entry, stop loss and exit levels.

    How to Build a Solid Trading System

    Apart from the strategy, this book also contains a very useful guide that teaches you how to construct a profitable forex trading system for yourself and how to avoid trading and money management mistakes
    Are you new to forex trading or just started to trade on a live account but with not much success ?
    You need a solid forex trading system based on sound principles of the forex market, that has clear trading and money management rules
    Do you have a forex trading system and you have been trading with it for a period of time but still you don't have the success you hoped for ?
    This can only mean that your trading system does not take into account the basic trading rules and principles that any powerful forex trading system incorporates

    This book teaches you how to construct your own powerful forex trading system, what are the most important forex trading tools that you must include in it, what not to include in your forex trading system, how to apply solid money management rules and equaly important, how to avoid making trading mistakes that will cost you when you start to trade with your newly developed forex system.
    LanguageEnglish
    PublisherXinXii
    Release dateJan 22, 2014
    ISBN9783957032058
    50 Pips a Day Forex Strategy
    Read preview

    Read more from Laurentiu Damir

    Related to 50 Pips a Day Forex Strategy

    Related ebooks

    Foreign Exchange For You

    View More
    View More

    Related podcast episodes

    Related categories

    Reviews for 50 Pips a Day Forex Strategy

    4.5/5

    113 ratings35 reviews

    What our readers think

    Readers find this title to be a great resource for beginners in forex trading. The book provides clear and concise information, helpful tips, and a straightforward approach to trading. It covers important topics such as money management, risk management, support and resistance levels, and entry points. While some readers found the last part difficult to understand, overall, the book is highly recommended for its simplicity and effectiveness. The strategy presented in the book is considered solid and practical, making it a valuable resource for both novice and seasoned traders.

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 5/5

      Feb 18, 2018

      Very informative & a straight forward approach. Easy to read.
    • 5/5

      Apr 3, 2018

      Good book and strategy. The photos should be more aligned with the text, so you can make the connection.
    • 4/5

      Apr 25, 2018

      It's easily digested for a beginner and easier to follow.
    • 5/5

      Jun 20, 2018

      Great Strategy, at least it sounds good, let's try it. Excelente estrategia, veremos si funcionan.
    • 5/5

      Jun 30, 2017

      Very clear & easy to read. Great strategy to use.
    • 5/5

      Mar 24, 2018

      Good explanation, English is not my first leanguage either but it was actually very good explained and understandable
    • 5/5

      Dec 17, 2018

      Super simple and easy to follow.
    • 4/5

      Feb 19, 2019

      Vague but good for beginners, highly recommended to people who are just starting out
    • 5/5

      Oct 22, 2016

      Good to read!! Recommended to read. Clear explanation on price actiooo.
    • 5/5

      Nov 27, 2024

      I love this books but honestly it is more suitable to an experiece trader who need to be more dicipline with the methods. Quite practical since i i am using the same approach which via price action..fibonaci , trend line.. pattern, 200 ma and candle stick . for newbies this is very hard to understand since this book was written by experiece trader
    • 5/5

      Nov 8, 2024

      The most understanding explanation of forex for new trading beginners
    • 5/5

      Jul 26, 2023

      Contains gems for traders…read carefully, make notes ,follow rules, look the things told in your own charts and this book is 100% worth reading.
    • 5/5

      Aug 6, 2022

      This guy has some real nuggets, it's like cheat codes for the market.
    • 3/5

      Jul 15, 2022

      Very good book.Although it was really hard to understand the last part
    • 4/5

      Apr 26, 2022

      Helpful information and well described. illustrations are very clear to understand
    • 5/5

      Oct 11, 2021

      Very clear & easy to read. Great strategy to use
    • 5/5

      Sep 13, 2021

      Thank you for this. Easy to understand and follow strategy. Very helpful for newbies.
    • 5/5

      Apr 11, 2021

      Laurentiu keeps things nice and simple, the way they should be. No fancy indicators or conflicting information. This is great for a beginner/novice as if covers the key areas of FOREX: Money management, Risk management, S&Ls and a clear example of how and when to enter a trade. Good stuff!
    • 5/5

      Nov 28, 2020

      very clear and precise. makes total sense, thank you Laurentiu
    • 4/5

      Oct 5, 2020

      Pretty simple and straight forward explanation of how to trade. The key things are to trade on a higher time frame, pay attention to Key Swing Levels, always trade in line with the trend on the higher time frame 4H and above, only after confirming the trend on 2-3 higher time frames using the 200 EMA.

      Make sure to make great use of Support and Resistance levels that make logical sense and utilize proper risk management of less than 5% of your account on any given trade and you’ll survive to live another trading day. Make sure to get a 1:2, 1:3 , or higher risk to reward ratio.
    • 5/5

      Jul 5, 2020

      Great tips for beginners.Trade wisely and follow the tips in the book .
    • 5/5

      Jun 11, 2020

      The book gave a concise and useful tips on trading forex.
    • 4/5

      Jun 11, 2020

      simple and straightforward explaining the main tools in forex that actually WORKS.
    • 2/5

      May 27, 2020

      Not bad as absolute beginner...I think the title is bit misleading since you don’t get to look at actually “50 pip” kinda strategy but rather pure basic chart set up that has nothing to do with pips....
    • 5/5

      Apr 24, 2020

      Thank you very much for Simplifying Forex for me.It's a short book but a game changer.
    • 5/5

      Mar 15, 2020

      Short but great piece of information. Helpful for the trading.
    • 1/5

      Feb 26, 2020

      Charts without axis labels are not useful. For this reason I did not bother reading to the end.
    • 5/5

      Feb 21, 2020

      It's a solid trading strategy, a practical fully functional trading system. I enjoyed it !

      A big thank you to the Author !
    • 3/5

      Jan 4, 2019

      Very simple strategy and analisis, but looks profitable in long terms
    • 5/5

      May 5, 2018

      The book is straight to the points and really helpful even to seasoned forex traders.

    Book preview

    50 Pips a Day Forex Strategy - Laurentiu Damir

    levels

    Introduction

    Before you start to construct your trading system, you must first think about what is the trading style that suits you better. Do you want to sit in front of the computer the whole day entering and closing trades on the 5 minutes time frame or do you think that trading on a higher time frame will suit you better? My advice to you is very simple and clear: always seek to trade on the higher time frames. It is easier to trade this way and it will make you much more money in the long term. If you are a beginner in trading, it is best for you not to day trade until you gain experience. Trading on small time frames carries high risk due to short-term random moves that are almost impossible to predict. Not to mention that trading this way makes you vulnerable against economic news events that come out multiple times per day and usually have a big impact on the small time frames. Even after you get more experienced by trading successfully on the higher time frames and you think you are ready to day trade, my advice is do not trade on any interval smaller than the 30 minutes. Moreover, when you do decide to day trade, consider it as a backup trading style, day trade only when there are no trade setups according to your system on the higher time frames. Always seek to trade on the higher time frame. Nevertheless, as I said before, if you are a beginner trader, and you probably are, I strongly recommend that you develop your trading system around a higher time frame like the 4 hours or the daily. Forget about day trading for a while. Build your trading system and trade on the 4h/daily charts until you start to add to your account consistently.

    Components

    With the above in mind, the next thing you should decide is what you will include in your trading system from the technical point of view to help you win as many trades as possible. Decide what will be the core technical parts of your trading system. From my experience, I can tell you which are the tools that work best in forex trading, that have a great rate of success and they repeat over and over again with excellent results. These are price trends, support and resistance levels, Fibonacci ratios, price patterns and bar patterns/candlestick patterns. These are the things you should consider including in your system. They are the most

    Enjoying the preview?
    Page 1 of 2