An IMPORTANT Psychological Approach to Forex Trading
Tips on setting up your Power of 20 Pips a Day Money Management System
Hey Traders! This video goes over the Power of 20 ips a Day Money Management System Settings. This video shows how to set the power of 20 pips a day settings so that 20 pips can equal a fractional percentage, such as 20 pips = 0.5% account growth or loss.
Another extremely important topic covered in this video is “Playing for Pips, NOT DOLLARS!” Why is this important? It is important because of the psychology behind it. The whole point behind this scalping system is to get really good at one thing:
Making 20 Pips a Day!
If you can get good at making 20 pips a day, then THAT is your vehicle to success. Now if the lot sizes that you trade could be automatically scaled so that 20 pips could equal a certain percentage account growth and automatically adjusts as your account grows! That is exactly what the FibMatrix VTA and the Power of 20 Pips a Day Money Management System accomplishes. All you have to do is make 20 pips a day and you will be growing your account by COMPOUNDING 2% per day!
The DISADVANTAGE to playing for the dollars is that dollars invoke an emotional response from the trader which is NOT GOOD! Emotions are the enemy! Playing for points, not dollars allows you to approach trading with less emotional stress!
Trading at the 20 pips = 2% level is one to strive for after reaching consistency in your trading. But when making the transition from a demo account to a live trading account, one might want to ease in to trading with actual risk. In this case, you might want to start at the 20 pips = 1% or even 20 pips = 0.5%. This video will assist in that task. Using a proven money management or risk management system is crucial to a successful forex trading strategy.
Remember for a LIMITED TIME, ALL LIFETIME Grids+VTA+Yearly Trade Room Members get the VTA FULLY AUTO Bots absolutely FREE for life! Do not hesitate. Sign Up Now!
The FibMatrix VTA : The Best Forex Price Action Trading Software for All Skill Levels!
Learn how forex price action operates on multiple time frames! This FibMatrix Live Trade Room Session Excerpt talks about how the price moves along multiple time frames. FibMatrix Dynamic Fibonacci Multi-Time Frame Grids forex trading software is used to show multi-time frame forex price action in the live forex market. Learn the basics of multi-timeframe price action in this live trading session.
This video shows how to approach a Trend Trade from a multi-time frame perspective. This forex video also points out a Supreme Combo Set up and each multi timeframe level is displayed on the fibonacci grid as well as each time frame chart. Come trade with us and Never trade alone again!
This video is the FibMatrix VTA Fully Auto Trend Bot Tutorial and Strategy Session. You will Learn about the 1 Minute Trend Trade and the algorithm used in the FibMatrix VTA Automated forex trading software.
Learn how to set the parameters for all the technical indicators involved. See preliminary performance results for the 1 minute trend trade automated forex trading strategy and much more.
FOR A LIMITED TIME!
All FIBMATRIX GRIDS+VTA+YEARLY TRADE ROOM LIFETIME MEMBERS GET THE FULLY AUTO VTA ROBOTS INCLUDED FREE!!!
Come trade with us in the FibMatrix Live Forex Trade Room where we use the FibMatrix Dynamic Fibonacci Grids and VTA (Virtual Trading Assistant) NOW FULLY AUTOMATED forex trading software. Learn the ways of dynamic fibonacci grid forex trading!