IMPORTANT: The following information and forex trades are for informational purposes only. Just because I take the trade I am not recommending you take the trade. Forex trading is risky. Past performance is not indicative of future performance. Trade at your own risk! ======================================================================================================================================================
My trade methodology relies heavily on two factors – historically significant levels AND money management. It is vital that I only trade using 30 cents per PIP per $10,000 for trade #1. Failure to do this puts my account at risk for margin call before the trade goes in my favor. If necessary I will enter trade #2 and if I do that I will do $3 per PIP per $10,000 in my account. I will also update the “take profit” level at that time. My goal of trade #2 is to give me positive cash, NOT to reach my original profit target! You can trade any style you wish but this is how I personally trade and is for informational purposes only.
Additionally, NEVER enter a trade if it is going to reduce your overall margin below 30%. This is your new “floor” and I advise you to NEVER go below that. This is how you allow the statistics to work in your favor over the course of several trading sessions!
Here are are trades I see:
10/25 Sell EURAUD 1.6542 / Profit Target 1.6425
10/19 Buy AUDJPY 75.16 / Profit Target 76.25
10/12 Sell GBPJPY 136.98 / Profit Target 135.75 WINNER 123 PIPS
Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only. Accordingly, Nuckols LLC makes no warranties or guarantees in respect of the content. The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual financial advice based on your own particular circumstances before making an investment decision on the basis of information on this website. Investment lessons, comments and/or opinions presented on this site are solely those of the instructors and analysts quoted. They do not represent the opinions of Nuckols LLC on whether to buy, sell or hold particular investments. You are advised to conduct your own independent research before making a decision. In addition, you are advised that past performance is no guarantee of future price appreciation. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. All intellectual property rights are the property of Nuckols LLC. Nuckols LLC and its affiliates, will not be held responsible for the reliability or accuracy of the information available on this site. The content herein is provided in good faith and believed to be accurate; however, there are no explicit or implicit warranties of accuracy or timeliness made by Nuckols LLC or its affiliates. You agree not to hold Nuckols LLC or any of its affiliates liable for decisions that are based on information from this website. “Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.”