How to Follow our Forex Signals Successfully to get more profits ?

Read our Signal Instructions Completely before following our Signals !

Method 1: Placing Multiple orders to manage your trades.

If we send you the Signal with 2 Take profit Targets, then you can place 2 orders at the entry price.

Set the same stop loss for 2 orders.

Set 1st Take profit for One order and 2nd Take profit for Another order. That’s it.

Let’s see an Example :

Forex Signal : Buy GBP/JPY at 153.500

Target 1 : 154.511

Target 2 : 155.367

Stop Loss : 152.401

Consider that, you have received the above GBP/JPY signal from us.

What you need to do now ?

1)Place 2 buy orders at the entry price : 153.500

2) If you plan to place 1 lot, you can place 0.50 lot + 0.50 lot (2 orders)

3) Set 1st Take Profit target for one order and Set 2nd Take Profit Target for another order.

4) But the stop loss remains the same for both of your orders.

5) If the market moves up to Target 1, One of your order will get closed at 1st take profit. Note : The reason for closing 1st order at Target 1  is “To get Satisfaction about the Profit you made with Target 1 and even if market reverse, you don’t need to worry. because, you already made some profit with Target 1.

6) Now, you can change your stop loss of the 2nd order to your entry price(153.500)

Now, you don’t have any risk. You just going to simply wait for the market to reach our 2nd Take profit (or) going to close your order at entry price.

Method 2: Placing Single Order

If we send you the Signal with 2 Take profit Targets, You placed Single order at our entry price.

And you have set the stop loss for your single order.

Now, You may get confused, which Target you can set your Take Profit for your Single order? Is it Target 1 or Target 2?

Let’s see an Example :

Forex Signal : Buy GBP/JPY at 153.500

Target 1 : 154.511

Target 2 : 155.367

Stop Loss : 152.401

Consider that, you have received the above GBP/JPY signal from us.

What you need to do now ?

1) You place a Single Buy order at the entry price : 153.500

2) Assume that you have placed 1 Lot Buy order.

3) You have set your Stop loss for your Single Buy order

4) Now, you don’t know where to set the Take profit for your Single Buy order, You want to Set your Take profit at Target 1 or Target 2 ?

5) If you are a Short term trader, you can set your Take profit at Target 1.

6) If you are a Long term trader, you can set your Take profit at Target 2.

7) If you are a short term trader, at the same time, If you want more profits in Single Trade without Risk. You can do one of the following Technique….

First Technique is, Once market reaches Target 1, you can close “Half” lot of your Single Trade order. To know, how to close “Half” lot for your single order, Click here to watch this small video.

Second technique is, “You can move your Stop loss to your entry price and “don’t care about your trade. Because, once you set your stop loss to your entry price, you don’t get any loss, but you can make Big profits after market reaching Target 2. (it is completely a “No Risk” Trading Technique),To know how to move stop loss to entry price, Click here to watch this small video.

Method 3 : How to Trade the Range area Signal ?

If we send you the Range Trading Signal, You can place multiple orders in the Highlighted Ranging Area to make great profits.

Forex Signal :

Buy EUR/CAD between : 1.43758 and 1.43931

Target 1 : 1.44278

Target 2 : 1.44679

Stop Loss : 1.43419

Consider that, you have received the above Trading Signal from us.

What you need to do now ?

1) You can place One or more Buy orders between the Highlighted Ranging Area.

2) Assume that you have placed one Buy order at 1.43931 and if market moves down to 1.43800 , you can place again new Buy order.

3) Your Stop Loss should be the same for all your trade orders.

4) Now, you don’t know where to set the Take profit for your Buy orders, You want to Set your Take profit at Target 1 or Target 2 ?

5) If you are a Short term trader, you can set your Take profit at Target 1.

6) If you are a Long term trader, you can set your Take profit at Target 2.

7) If you are a short term trader, at the same time, If you want more profits in Single Trade without Risk. You can do one of the following Technique.

First Technique is, Once market reaches Target 1, you can close “Half” lot of your Single Trade order. To know, how to close “Half” lot for your single order, Click here to watch this small video.

Second technique is, “You can move your Stop loss to your entry price and “don’t care about your trade. Because, once you set your stop loss to your entry price, you don’t get any loss, but you can make Big profits after market reaching Target 2. (it is completely a “No Risk” Trading Technique),To know how to move stop loss to entry price, Click here to watch this small video.

Money Management 

What is Money Management ? How much is the Volume Lot Size, Do I need to use on my trading account ?

According to our Money Management Rule, We recommend our Traders to use Correct Volume lot size depend on their trading account balance for making consistent profits.

For example : If you have 1000$ USD balance, you can use Maximum 0.10 lot (0.02+0.03+0.05 = 0.10 lot) it should be your maximum running lot on your 1000$ trading account.

10,000$ USD balance = 1 lot maximum

20,000$ USD balance = 2 lot maximum

25,000$ USD balance = 2.5 lot maximum

Hope you understand now about the simple money management rule.

This is the Good Habit and discipline need to be followed by the traders. If you have bad habits and bad discipline about the Money management, please change your habits immediately. Using high lots for small balance is risky one and it’s a very bad habit for most of the beginners in forex. Most of the traders don’t grow up to next level due to this bad habits. Once you leave the bad money management habits, you can see a positive results and growth on your trading soon.

 

We believe, you really growing well in Forex with us by learning a lot of worthable things in short time. You always keep improving your Trading skills faster with our Forex Experts Support.

If you have any Questions, Feel free to contact us. We are ready to help you always !

Contact Email : support@forexgdp.com

Thank you !

Regards,

Forexgdp Team.

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