Daily Forex Signal

SIGNALS FOR TUESDAY August 2, 2011

EUR/USD

We are looking at SELLING EURUSD early this morning

STOP LOSS @....1.4263

SELLING @...............1.4251

: @ stage I, TAKE PROFIT: 1.4231………scalping trading
@ stage II, TAKE PROFIT: 1.4220………normal trading
@ stage III, TAKE PROFIT:1.4201………advance Trading
@ stage IV, TAKE PROFIT1.4170………aggressive trading

In response to correspondence received form majority of our subscribers, we need to explain that the followings are the trades you can take. If you take stage 1, you may not take stage II except you have enough funds in your account; and as well on all other stages depends on funds. In other words, you are free to take all the stages, provided you have enough funds.

We need to explain further that those taking “advance trading” may increase their stop loss within 5 - 10 pips, if they so desire. For example, if you decided to increase the stop loss by 5 pips, when stop loss is fixed for 1.4250 when “buying”, it may be adjusted to 1.4245 and when selling, it will become 1.4255; and, when you wish to take the advance trade on buying, the stop loss will become 1.4245, while “selling” stop loss may be adjusted to 1.4255. The same way the aggressive traders may increase their stop loss as well either way.

We observed that most stop loss predicted do not allow you to get up to 100 pips in a single trade. In this light you may increase your lot from one lot, for instance if your lot was 0.10; you may increase it from 0.10 to 0.50 or and when you are using a whole figure you may increase from 1.00 to 5.00; again these size increments depend on fund to take a single trade and multiplying it by 5. In other words, go for stage 1 only, which gives you 20 pips and multiply it by 5, by changing size/volume, and place your trade, The resultant will give you 100 pips profits when it hits the targeted spot. This is sure way to hit 100 pips on time and get out of trade immediately. Mind you, if the trade goes the other way, you loose 100 pips cost as well. So be mindful of this advice.

Other signals on any other major currencies are available to our subscribers.

Thanks for your understanding and patronage
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TERMS OF SERVICE

*Any income claims are typical of top performers not all users and your results will vary. These results are as reported in testimonials from members using the forexsignals4me™ trading systems. U.S. Government Required Disclaimer – 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. The purchase, sale or advice regarding a currency can only be performed by a licensed Broker/Dealer. Neither Akinnuoye Oladotun Williams, nor any of his affiliates or associates involved in the in the production and maintenance of these products or this site, is a registered Broker/Dealer or Investment Advisor in any State or Federally-sanctioned jurisdiction. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Clearly understand this: Information contained in this product is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital. CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

NEW TRADERS FAILURE WITH SELF - CASTIGATION

Most new advents traders more especially on forex trading castigate themselves as failures when they trade one two times and fail. The result not to trade any longer, in that they are frustrated in single or two trades. Anyone who could be called traders should not allow self condemnation to be a retardation in making further trading as self castigation retard growth in any businesses. Once you have the concept that you must gain in every trade you make, then the fall of such trader is at sight. Go within and diasporas you will find out that most successful traders had many losses before they get to where they are today. Mallam Dangote a successfull business tycoon in Nigeria was quoted that his first trade was with shortage, similarly the second trade ended at loss. He decided to call it a quit, but along the line, he was advised by a seasoned businessman that he should not expect profits in all his endeavors, but, both combination of profit and loss will sustain any business and that is why most businesses survive till now. All you need do is sit down and check within yourself what caused the shortage and go back to a drawing board to correct the anomalies; then start allover again.

Another example of what the seasoned businessman said; is what is being experienced in most manufacturing companies today, is that, profit made on every production is minimal when compared with what an individual could invest in such business, in other words, the profit margin is very low, but constant and continued production in larger volumes rathern smaller volume of an individual enable the manufacturers to declare good dividends at the end of the year.

Manufacturers, do surfer loss on most productions. These are traced to where imported materials capsized, disappeared on high seas or at the airports through sea pirates, ports or wharfs rats. Even finished in products in warehouses, and in transit are vandalized, mishap from accident and fire gutted cost manufacturers million of their investments. If this true, why not you as an individual should be exempted

This motivational article is written to encourage all trades, not to retreat nor surrender on many or few losses until they have fought, and conquered the art of trading. Remember the Country you are now was not like this 50 years back, most roads, buildings and factories were not existing then, but today they are, so is ever trade, it will continue to grow as far you do not relent, The basic thing in trading is not be anxious for overnight riches. It will come gradually as long as you continue to trade daily.

Thanks for reading through this piece

Akinnuoye Oladotun Williams
Chief Executive Officer
http://forexsignals4me.blogspot.com