What is the nature of your forex trading strategies?
Both strategies capitalise on the daily swing movement. They exploit breakouts and retracement on the daily timeframe.
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Are you sure it only takes 10 minutes of my time to trade everyday?
Yes you can identify the setups easily. It is basically check, trade and wait system.
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How much money do I need to get started with forex?
You can open a forex account and get started with as little as $300, however I highly recommend you demo trade and gain confidence before risking any real money in the market.
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Which currency and timeframe does your strategy works best?
The strategy works on all currencies. They work best for daily timeframes.
Do I need any trading software to go with your system?
Only your charting software is required. This strategies trade on naked chart and only need the prices to trade.
Why are you not using indicators in your system?
Indicators are useless, indicators do nothing but lag, they have no use and usually clutter up your chart preventing you from seeing the real trading opportunities. Do you really believe the elite forex traders are using that squiggly moving average isolator thingy? Of course not! They use time tested entries proven to work, following the only real indicator... PRICE!
What is the risk-reward ratio of your strategies?
I advise you to use your own trailing profit system. However if you are starting to learn forex trading, you can use our recommended 1:2 risk-reward ratio. You risk 1 pip to earn 2 pips.
What average win % can I expect using the 10MFWB systems?
Using the 10MFWB systems you can expect an average of between 60-70% winning trades, although this figure is not amazing it is important to note that the winning trades are at least twice the size of a losing trade if not a lot more.
Will I make money from your trading system?
Of course you will. The strategies have work for many years and it will continue to work as it is based solely on price action. However, you must use appropiate money management to handle your trades. Use constant position sizing for all your trades.
How long can your trading strategies work in the market?
They have work for years and will continue to work as long human trade the same way they do.
How many trades do the systems produce?
Using both systems and following 8-10 currency pairs taking only the very best setups, you will get around 2-3 trades a week.
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