Everand Logo

Welcome to Everand!

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

    Only $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

    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 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 articles

    • Article

      He Learned to Trade for Profit - and Can Teach You, Too

      Jan 31, 2019

      Raymond Rondeau, 55, of Exeter, R.I., is a trader, president of the New England American Association of Individual Investors chapter, and creator of AAII's new course, "Investing Strategies and Technical Analysis." When did you start trading? I began

      2 min read

    • Article

      Learn How To Spot A Rip-off

      Feb 24, 2021

      Learn How To Spot A Rip-off
      3 min read

    • Article

      What Is Forex Trading?

      Mar 1, 2022

      What Is Forex Trading?
      6 min read

    • Article

      RSI Alone Not Enough

      Sep 18, 2020

      oscillators, such as the relative strength index (RSI) and stochastics, are often used as signals for overbought and oversold zones. Let’s use the RSI as an example. Generally, an RSI set on 14 days is considered over-bought above the 70 level, but t

      1 min read

    • Article

      Crypto vs. Forex Trading: What You Need to Know

      Oct 6, 2021

      New ways of managing, transacting and investing our money continue to emerge as the financial world around us evolves. One major change seen in the last decade has come from the rise of cryptocurrencies (or "crypto," if you prefer brevity) – digital

      6 min read

    • Article

      Thinking About Day Trading? Read This First

      Sep 22, 2020

      In the midst of the pandemic, you may have noticed a rather unusual trend: More and more people are jumping into the stock market. Despite, or perhaps even because of, extreme volatility in the market and endless speculation about what could happen n

      3 min read

    • Article

      To Take Profit Or Not? That’s The Question

      May 15, 2020

      as global and local markets continue to rally after the collapse of late March and early April, I am being flooded with questions from people who bought shares during the collapse and now want to know if they should be selling. The point I always mak

      2 min read

    • Article

      Technical Analysis Tools For Long-term Investing

      Oct 30, 2020

      in the 22 October issue of finweek, I wrote about how I am trying my hand at trading local equities for the first time in over a decade. Some aspects of my index trading have helped (discipline and risk management), but stocks are more volatile and n

      2 min read

    • Article

      Why Bigger Isn’t Always Better

      Oct 16, 2020

      as well as being a long-term investor, I am also a short-term trader on the JSE, trading index futures before the equity market opens. Although the profits (or losses) are small in every trade, the profits are larger than the losses and I get a few m

      2 min read

    • Article

      Discipline Goes A Long Way

      Mar 31, 2022

      The life of a trader is not what most of us might imagine it to be – that is, glamorous, exciting and paved with gold. More likely it is solitary, private, a bit boring and, when done right, provides a living. We could all be traders. We could all be

      5 min read

    • Article

      How Investors Can Prosper With Technical Analysis

      Feb 6, 2019

      Many investment advisors and money managers have a little secret. They will proudly tell you that they rely heavily on fundamental analysis, carefully weighing earnings, market share, competitive environment and demographic trends to select the best

      5 min read

    • Article

      What To Do With Your Portfolio When You Die Or Become Incapacitated

      Jul 23, 2021

      i have written before about the benefits of a trading buddy, including them being able to execute trades for you if required and to keep you honest to your trading strategy. In this edition I want to go a little wider, and a little more morbid, into

      2 min read

    • Article

      Chart Your Way To Success

      Aug 25, 2022

      Chart Your Way To Success
      8 min read

    • Article

      Unpacking Value

      Mar 29, 2018

      What do you attribute success in your sales organisation to? Sales is all about aligning the right people with the right product. We focus on understanding our client’s business and where their shortfalls are so that we can fill those gaps through o

      2 min read

    • Article

      It’s All About Process

      Jan 31, 2020

      When buying property, the often repeated phrase is: location, location, location. For investors and traders, the critical phrase needs to be: process, process, process. I have often written about the importance of process, as it removes the randomnes

      2 min read

    • Article

      How To Count Your Losses

      Nov 15, 2019

      in the previous issue (7 November), I wrote about trading, and in particular about gearing via the use of derivatives, as well as what we should (or shouldn’t) be trading. I promised to return to the other two parts of the equation: How to employ a s

      3 min read

    • Article

      3 Influence Sales Success With Value-based Selling Tools

      Jun 30, 2021

      When developing content to support value-selling efforts, many organisations use excel spreadsheets to help Sales Reps calculate and communicate cost of the problem, total cost of ownership (TCO) and return on investment (ROI). While these are all cr

      2 min read

    • Article

      HOW'S YOUR SALES & MARKETING STRATEGY PROGRESSING?

      Oct 19, 2022

      How do you know if your sales and marketing strategy is going to work? First things first - do you have one? Because defining a strategy is the start of the process. Then you have to be confident it will work. And finally, you need to prove that it w

      2 min read

    Related categories

    Reviews for 50 Pips a Day Forex Strategy

    4.5/5

    106 ratings33 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 5/5
      Very informative & a straight forward approach. Easy to read.
    • 5/5
      Good book and strategy. The photos should be more aligned with the text, so you can make the connection.
    • 4/5
      It's easily digested for a beginner and easier to follow.
    • 5/5
      Great Strategy, at least it sounds good, let's try it. Excelente estrategia, veremos si funcionan.
    • 5/5
      Very clear & easy to read. Great strategy to use.
    • 5/5
      Good explanation, English is not my first leanguage either but it was actually very good explained and understandable
    • 5/5
      Super simple and easy to follow.
    • 4/5
      Vague but good for beginners, highly recommended to people who are just starting out
    • 5/5
      Good to read!! Recommended to read. Clear explanation on price actiooo.
    • 5/5
      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
      This guy has some real nuggets, it's like cheat codes for the market.
    • 3/5
      Very good book.Although it was really hard to understand the last part
    • 4/5
      Helpful information and well described. illustrations are very clear to understand
    • 5/5
      Very clear & easy to read. Great strategy to use
    • 5/5
      Thank you for this. Easy to understand and follow strategy. Very helpful for newbies.
    • 5/5
      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
      very clear and precise. makes total sense, thank you Laurentiu
    • 4/5
      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
      Great tips for beginners.Trade wisely and follow the tips in the book .
    • 5/5
      The book gave a concise and useful tips on trading forex.
    • 4/5
      simple and straightforward explaining the main tools in forex that actually WORKS.
    • 2/5
      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
      Thank you very much for Simplifying Forex for me.It's a short book but a game changer.
    • 5/5
      Short but great piece of information. Helpful for the trading.
    • 1/5
      Charts without axis labels are not useful. For this reason I did not bother reading to the end.
    • 5/5
      It's a solid trading strategy, a practical fully functional trading system. I enjoyed it !

      A big thank you to the Author !
    • 3/5
      Very simple strategy and analisis, but looks profitable in long terms
    • 5/5
      The book is straight to the points and really helpful even to seasoned forex traders.
    • 5/5
      Extremely well explained. No hype no jargon! I gained so much from reading this book.

      1 person found this helpful

    • 5/5
      This writer shared a lot of not good, but great tips. Am a bit confused about​ how to draw & read the last technique/chart. May need some time to digest.

      2 people found this helpful

    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 1