| Published | 2022-05-30 |
| Platform | Udemy |
| Rating | 5.00 |
| Number of Reviews | 1 |
| Number of Students | 374 |
| Price | $19.99 |
| Instructors |
Stewart Little
|
| Subjects |
1000 Pips Per Month StewartLilFx Course
In this course, I will share my unique trading strategy that allows me to profit over 1000 pips on a monthly basis. The course is broken down into 8 separate videos, from the Introduction video to Risk Management. Every video is under 3 minutes long so it's ideal for those of you with a short attention span. After watching this course and doing 1 week's worth of back-testing, you should be able to trade at break-even. After 2 months of trading consistently ,you should be profitable and able to become a full-time Forex trader. The Win-rate of this strategy ranges from 40%-75% depending on what's going on in the world (e.g. Cororo virus). Even at a 40% win-rate and a 1:3 risk to reward ratio, you will still be profitable enough to gain 1000 pips in a month just by trading currency pairs.
For the beginners:
What is Forex?
Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another for a variety of reasons, usually for commerce, trading, or tourism. According to a 2019 triennial report from the Bank for International Settlements (a global bank for national central banks), the daily trading volume for forex reached $6.6 trillion in April 2019.
What is Bullish and Bearish?
Being “bearish” is the opposite of being bullish. While being bullish means you are optimistic that prices will go higher from where they currently are, being bearish is the opposite: you think prices will trade lower from where they currently are. Bullish traders will look to take long positions.
What is a Pip?
Pip is an acronym for "percentage in point" or "price interest point." A pip is the smallest price move that an exchange rate can make based on forex market convention. Most currency pairs are priced out to four decimal places and the pip change is the last (fourth) decimal point. A pip is thus equivalent to 1/100 of 1% or one basis point.
What is Risk to Reward Ratio?
The risk/reward ratio marks the prospective reward an investor can earn for every dollar they risk on an investment. Many investors use risk/reward ratios to compare the expected returns of an investment with the amount of risk they must undertake to earn these returns. Consider the following example: an investment with a risk-reward ratio of 1:7 suggests that an investor is willing to risk $1, for the prospect of earning $7. Alternatively, a risk/reward ratio of 1:3 signals that an investor should expect to invest $1, for the prospect of earning $3 on their investment.