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

READ SIGNAL GUIDANCE COMPLETELY TO MANAGE YOUR TRADES SAFE WITH CARE

IF YOU KNOW THE SIGNAL RULES, YOU CAN TAKE THE EDGE TO BEAT THE MARKET

Important Rules to remember while following our signals :

RULE 1: Wait for our signal. No need to hurry. Place trade when Our signal is shared.

Example Trade signal :

1) You just need to follow signal blindly. execute your trade with parameters mentioned in our signal.
2) After some time, market moved in our direction atleast 100-150 pips, we may instruct you to close partially or set Break-Even(Move SL to Entry price). Usually we do that when high impact news is ahead.

3) Wait and watch until it hits ur Take pofit level or Stop Loss

4) Suddenly XAU/USD came up to our Stop Loss (1950), So the trade will be closed automatically. so need to worry about. It is part of trading. You can not Successful everytime  

5) The main reason why we recommend you to move Stop loss to entry price is ” We don’t want you to loss your hard earned money in the market ” We are here to help you for making profits in safe way. By using this rule, you can always trade safe to get big profits without any risk.

Is that clear for you now ?

We want all our users to trade safe with care.

RULE 2: After market reaching Target OR Stop Loss, never place new trade again on that signal. Please be patience and wait for next good opportunity trade signal. Because after market reaching target.Signal will be Considered as Expired.

Please note : Market will always be there for us with new good opportunities. Forex Market is not going to Die Tomorrow, market stay alive all the time, but if you want to stay alive in the market, you should have money. So, please trade with care using proper money management to become a great trader in forex market.

For more details about how to follow our forex signals properly? please read further details below:

What volume lot size, you should use on your trading account?

Let’s say, If you have 1000 USD trading balance, you can use Maximum 0.02 lot (assumes Stop Loss of Trade is 100 Pips For your open trade).

Take Risk lesser than 2% on each trade. Don’t risk more.

Please Note : If you Place a High lot on your trading account, you will become a Gambler not a trader. You will get addicted to the market by tasting the big profits with high lot. Once you got addicted for placing high lots on your trading account, it will destroy your trading life and you may get bankrupt soon. Most of the people loss their money in markets by placing High lots in Small account. If you keep placing higher lot in small accounts, you will never get rich, Only the brokers will get rich by earning commissions from your higher lot trades. Please never place high lots, Don’t compare yourself with anyone on this business. Improve your Trading skills with Quorex and try to trade only at good opportunities in the market. 

Important notes on following our Signals and Trading with Care :

After receiving the signal

1) If market is near to our entry price around 10 to 20 pips(100 to 200 points) distance, then you still can place the trade. This situation happens when the signal seen late by you (or) the market made faster movements.

2) Never place the trade in the middle of the signal.  Example : After market moving more than 20 pips, then please don’t place any new trades by following the signal. The reason is “your risk would be higher if you enter into the middle of the signal. Solution : if you miss to enter into the signal, no worries, you can wait for next signal to make good profits. Market will always be there for us with new good opportunities.NOTE : (Forex Market is not going to Die Tomorrow, market stay alive all the time, but if you want to stay alive in the market, you should have money. So, please trade carefully with proper money management to get permanent reliable success in forex trading).

Holding the Trade

We recommend you to keep running the profit trades for a long time and don’t keep running the losses for a long time. In simple words, Cut the losses faster and run the profit trades for a long time by using the trailing stop for safe and profitable trading. NOTE: Closing profits faster is equal to Making more losses.

Exiting the Trade

Exiting the trade is all depends on which type of trader you are ? Each trader have different mindset, So, you can choose to exit your trade at anytime with your own choice. We have given some exiting trade ideas depend on different trader’s mindset.

1)  If you can’t hold the profit for a long time, you can exit the trade when we instruct to close partially or SET break-even.

2) If you can’t control your emotions, but you try to hold the profit for long time, you can close “Half of your trade lot size” at Target 1 and then move your Stop Loss price to Entry price for Safe trading.

3) If you can hold the profits for a long time without emotions, then you can hold the trade until final Target.

4) If you trade with more emotions, then please use trailing stop for safe trading and try to learn forex market in correct way to avoid getting more emotions.

5) Exit or protect your trade 12 hours before the major news times like FOMC, Fed interest rate, GDP, any important fundamental economic events, etc.

6) Sometimes, Our Market analyst team will inform you to close the trade manually, all type of trader need to follow the analyst advice at that time.

Handling Emotions while holding the Open trades

1) While you holding your trade positions, market will always keep moving up and down. During this time, most of the beginners in forex market show their emotions (happy, sad, angry,…) depend on market movements. Please learn how to manage your emotions while trading.

2)Trading Physchology : All Human Beings are Emotional Creatures in the world. we all have emotions (happy, sad, angry, envy, etc.…) We need to manage our Emotions while trading.

3) As we all know that, Money is the most important thing in Human’s life. The Most important things in the world is always combined with emotions. Traders are all here in Forex market to make and see more money in their life. That’s the reason, Trader’s are more emotional while trading. 

4) If you want to avoid some emotions while trading, just move your Stop Loss price to entry price if market goes positive on your trade. If market goes on negative, you should not worry about reaching Stop Loss price. Because, you must understand that : Stop Loss is used for Limiting the Losses, not to loss all your money in single trade, So, please don’t take more risk on a single trade by placing high lot. Take only the small risk on each trade.

5) Invest only the affordable money in the forex market to trade with less emotions. We can’t avoid the emotions 100% completely. We are not a “Monk” to live without emotions. We are just a normal Human Beings filled with emotions(Happy, sad, angry, worries, envy, etc …) You need to change your mind from Normal human being to Trader mind by learning the forex trading in correct way.

6) Trading with fixed commitments mostly leads to failure in trading. The reason is “Forex Market is not going to make a fixed movements all the time”. Example : if you are trading with EUR/USD, someday you can make +50 pips profit, someday you will make +80 pips profit and some other day you will make +30 pips profit, but, you can’t make fixed +80 pips profit all the day. It’s a very important fact, most of the beginners don’t understand until they loss all their money. Solution : Please trade forex market without expectations and trade only at good opportunities available in the market.

Solution for controlling your Emotions in forex trading : 

• Learn forex trading in a correct way.

• Get clear mind about your trading strategy.

• Invest only the affordable money.

• Don’t trade with fixed commitments (Eg. Want to make 30% profit every month)

• Trade without Expectations.

• Don’t trade forex market all the time.

• Trade forex only at good opportunities found in the market.

Different Methods to Place trades with our Forex Signals

We recommend you to keep running the profit trades for a long time and don’t keep running the losses for a long time. In simple words, Cut the losses fast and run the profits for long time to become a Successful Trader.

Money Management  (What Volume lot size you should use on your trading account ?)

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.

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

If you are more emotional(tension, sad, greedy) while trading, You can change your leverage below 1:50 to control your emotions.

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 these bad habits. Once you leave the bad money management habits, you will start to see a positive results and growth on your trading account soon.

Note : If you break the money management rules and places a High lot on your trading account, you will become a Gambler not a trader. You will get addicted to the market by tasting the big profits with high lot. Once you got addicted for placing high lots on your trading account, it will destroy your trading life and you may get bankrupt soon. Most of the people loss their money in markets by placing High lots in Small account.

If you are more emotional(tension, sad, greedy) while trading, You can change your leverage below 1:50 to control your emotions.

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 these bad habits. Once you leave the bad money management habits, you will start to see a positive results and growth on your trading account soon.

Note : If you break the money management rules and places a High lot on your trading account, you will become a Gambler not a trader. You will get addicted to the market by tasting the big profits with high lot. Once you got addicted for placing high lots on your trading account, it will destroy your trading life and you may get bankrupt soon. Most of the people loss their money in markets by placing High lots in Small account.

A real story of the trader who don’t follow money management in trading :

One of the Forex trader whose name is “John” from Canada made his 500$ account to 7000$ in 3 months by his own trading method. It was his first live trading account, he turned his 500$ to  7000$ in just 3 months. John really don’t know, how he made such a great profit in short time. He wonder and starts to think “if I can turn my 500$ to 7000$ in 3 months, then If I invest 5000$, i could possibly make 70,000$ in 3 months. that’s really Wonderful. Let’s start it”

Do you think John has turned his 5000$ to 70,000$ ?

Answer : No

So, What Happened to John ? how much he really made ?

After John investing 5000$ in his trading account, he starts to do trade in a same way as he do trade on his 500$ account. He loss his 5000$ trading account in Just 3 days. The main reason is “John placed 1 standard lot on his 500$ account which turns to 7000$, Similarly, In 5000$ account, John placed 10 Lot, but his account turns to ZERO balance.

After John losing his 5000$ account, do you think John stopped his trading ?

Answer : No

The reason is “John has tasted big profits by placing high lots on his trading account, He keeps placing high lots on his trading account without knowing Correct Money Management.”

Did John got Success in Trading ?

Answer : No, John made Suicide and he was dead on April 2011 with -585,000$ Debt. He sold his home, lost his wife, children, friends and Family. because, he stay hidden by not paying back the money that he borrowed from his family members, friends and Banks.

What are the main reason for John’s Death ?

1. John didn’t follow management, Placed high lots on his trading account.

2. He got addicted to the trading by making big profits at his starting stage. (Eg. he turned his first live trading account from 500$ to 7000$ in 3 months).

3. After he turned his trading account from 500$ to 7000$, he opened a new account with 5000$ for turning his balance to 70,000$. But, he loss his 5000$ in just 3 days.

4. After he losing his 2nd trading account 5000$, he still don’t care about his 5000$ loss. He care and think only about his profits that he made for turning 500$ to 7000$.

5. Next, he keeps investing more money again and again to make the profits same like his first trading account. But, he couldn’t make big profits with high lots same like his first trading account. He always keep losing his trading accounts continuously.

6. Within 8 months of trading, he loss nearly 67,000$. He starts to think, if he have another 100,000$ account, he can recover all his previous losses. So, he borrowed money from bank first. Soon, he losses that 100,000$ too. next, he borrowed money from his friends, family and finally losses all the money in the market without learning the market in correct way.

7. John finishes his life without learning the forex market in correct way. He done a very expensive mistakes in trading (He spent -585,000$ + his life for trading).

If you are losing money in the market without knowledge, it means you are making some Expensive mistakes in trading. please try to learn the market first in a correct way, then you can start to see a consistent profits on your trading account.

As a Forex Trader, How to avoid financial accidents in your life ? 

• First Learn how to trade the market ? then start to do a trade. (Example: A doctor without doctorate degree can’t treat the patient in a correct way, the patient might die if doctor gives wrong medicine or inject wrong syringe. Similarly, if you want to become a Successful trader, First you should have to learn the market, keep practicing on demo account and then start to do the trading on real money. You can join in any of our trading courses to learn the forex market step by step in a correct way : https://Quorex.com/forex-trading-course/

•  Invest only the affordable money and Don’t trade with fixed commitments (Example: Want to make 20% profit every month)

• Get clear idea about your trading strategy.

• Don’t trade forex all the time. Trade forex only at good opportunities available in the market.

• A trader who knows the World’s best trading strategy and skills will always loss money if he forget to follow money management.

• Money management is very important part than trading knowledge. you should have to place correct volume lot size depend on your trading account balance.

• You Should not mix your Emotions with your trading knowledge.

• If you keep learning the trading from Quorex team for a long time, your trading knowledge will overtake your emotions and you will become a Successful trader soon.

Hope you have enjoyed reading!

If you are interested to learn forex trading in a profitable way, Please click here to contact now 

If you need any support, Please click here to contact now  

We are ready to help you always !

Thank you.
Regards,
Quorex Team.