Update for Friday 4th September

The U.S. market did settle down a little bit by tea-time (GMT) but I decided not to trade my ‘Evening’ System. I have a had a quick look this morning at the relevant chart and there were a couple of successful trade opportunities but my morning ‘earnings’ stay as the total for the day meaning a total of 387 pips for a very short working week –  obviously there would have been closer to 500 pips had I worked full time, from Monday through ’til friday evening.  As you know, 387 pips for that short week equate to £1935 at only £5 per pip

The whole point of me developing strategies that enable you to either trade just in the evening, or at any-time of the day or night means that you can earn a very decent part-time ‘wage’ so you can either fit it in around your current day-job, or better still – work the hours that suit you and take the rest of the week off and indulge in pastimes/hobbies or jut spend more time with family & friends.

I recommend that when starting to trade any of my systems, you first back test the strategy, you then paper-trade it forwards for at least one month and do not start to trade with ‘real’ money until you are successfully placing demo trades. Once you have got to that stage, only trade at £1 per pip to gain confidence – and after that you can move onto £2 and £3 per pip. You will find that you quite quickly move your trading amounts up a scale and in no time at all you can be trading at £5 per pip, so if you are still slaving away at a day job & trading my ‘Evening System’ a weekly part-time profit of £500 is easily achievable, as long as you put in the comprehensive groundwork beforehand. Believe me – this hard work at the beginning does pay dividends and you very quickly have a skill that you can use for the rest of your life. You can also compound your trading earnings to catapult your account balance – just email me for details on that concept.

There, that’s my ramble over with – and I hope you are all having a peaceful, relaxing weekend.

This entry was posted on Sunday, September 6th, 2009 at 1:16 pm and is filed under Trading Days. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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