How to double your Forex trading account in one low risk trade Many Forex Traders trade Forex risking one to two percent of their account to gain two to three percent on successful trades. This can take two hundred to four hundred Forex trades to achieve a return of one hundred blogger.comted Reading Time: 5 mins With practice you will know when to enter and exit the market. Daly the first thing that I do is look at the economic calendar of the day. You can use Forex Factory and Daily FX economic calendars. The time of each news release is important as near that time you should expect volatility. Below I explain in detail how to double your account in 1 day Rule of The rule of 72 will help you ascertain the number of years required to double your money. Divide the value of 72 with the expected annual rate of return. The result is the number of years required to double your blogger.comted Reading Time: 5 mins
Finally I Have Doubled My Forex Account, Now What's Next?
Home » Blog » Trade Discussions » How to double your money in forex trading? But, how to double my forex account, is it greed? Certainly not. In forex trading, doubling your money is seemingly possible than in any other avenue. Thanks to modern-day forex brokers, as well, for providing leverage, how to double my forex account, which calls for a minimum capital requirement.
Here are a few safe ways to double your money. However, we wish to warn you that these are just the ways which have worked in the past. Although, there is a good chance for the history to repeat, there are no guarantees. So, your destiny is in your hands. It is the long haul. Open a savings account in the currency which bears higher interest rate.
As the rate of interest accumulates steadily and the power of compound interest kicks in, you see your money double in a few years. Divide the value of 72 with the expected annual rate of return. The result is the number of years required to double your money.
The tricky part here is that higher interest rate currencies how to double my forex account have high inflation rates. So, it will depreciate the value of the currency as well. Hence, if you choose a major currency with a solid interest rate, you are bound to succeed. However, if you are a US citizen, the savings account method will not be a wise choice. Since the US dollar pares down the gain in interest rate by appreciating in value against your currency over the course of time.
On the contrary, if you are a non-US citizen, then opening a savings account in the States would be a smart choice. You can have a double bonanza. The interest rates at the US are close to zero and are projected to skew north in the coming years. Also, the value of the US dollar is resilient in tough times and usually appreciates in the due course.
Though the process of opening a savings account in the US has become tedious off-lateit is certainly worth the effort. Buy a currency pair in low quantity and hold it for the long-term.
Or one can trade currencies positionally with a slightly long-term perspective. So, once you identify the course of the market and buy or sell only on pullbacks, the process becomes easy, how to double my forex account. The ratio of is just indicative and is subject to change depending on your risk appetite and knowledge in the forex market. Also, the success rate of the methodology depends on the strategy as it is subject to accuracy. It is the riskiest approach of the lot since it depends on short-term price fluctuations which is difficult to interpret even for an experienced hand.
The approach is similar to the classic way. You have to choose a risk-reward ratio that suits your appetite and style. The only difference being the frequency of trading activity. You take a high number of trades in quick succession and close down the cycle of 35 trades assuming, you choose ratio in just a week or month.
Getting it right for 35 consecutive trades is certainly a Himalayan task, even for an expert. So, instead of replacing one problem with another, why not we take a hit at it directly. Because there is an easy way around. Take a look at the below chart. Just 4 trades. There is a short term way as well, how to double my forex account.
You can use the same indicator in shorter time-frames to speculate on the day-to-day price swings. The indicator does it with ease as well. Look at the below chart. Had you traded with 0. Because the indicator does the hard work of analyzing the charts for you. The indicator which has been used in the above charts is not a custom indicator. It how to double my forex account the Pipbreakerwhich has built-in strategies for all the three modes — scalping, short- and long-term trading.
It is certainly possible to double your money in forex trading. But it becomes probable only with a good strategy. The strategy which we have highlighted here is the use of an indicator, Pipbreaker. But, there are other avenues as well. Else, take a helping hand and there is how to double my forex account harm. Opening Balance Trade 18 Trade 1 Trade 19 Trade 2 Trade 20 Trade 3 Trade 21 Trade 4 Trade 22 Trade 5 Trade 23 Trade 6 Trade 24 Trade 7 Trade 25 Trade 8 Trade 26 Trade 9 Trade 27 Trade 10 Trade how to double my forex account Trade 11 Trade 29 Trade 12 Trade 30 Trade 13 Trade 31 Trade 14 Trade 32 Trade 15 Trade 33 Trade 16 Trade 34 Trade 17 Trade 35 Share Tweet Pin Share Share.
Best Forex Market Hours To Trade. You may also like.
Doubled a Forex Trading Account in less than 5 hours - (Watch How)
, time: 9:33How to double your Forex trading account in one low risk trade | Double in a Day Forex
How to double your Forex trading account in one low risk trade Many Forex Traders trade Forex risking one to two percent of their account to gain two to three percent on successful trades. This can take two hundred to four hundred Forex trades to achieve a return of one hundred blogger.comted Reading Time: 5 mins Rule of The rule of 72 will help you ascertain the number of years required to double your money. Divide the value of 72 with the expected annual rate of return. The result is the number of years required to double your blogger.comted Reading Time: 5 mins 8/25/ · Option number six could be to open a second account with some of your surplus profits. The amount really doesn’t matter too much. It could be all of the profits that you’ve made when doubling your account or it could be any portion thereof. Take this second account and link it Reviews: 7
No comments:
Post a Comment