This is the 10th month of our month end review series I started back in May of 2015. This is also our 10th month of profitable trading and hopefully many more to come as well. Using the standard risk of 2% per trade, February resulted in a +6% profit bringing us to a compounded gain of +212% over that 10 month period.
I’m a firm believer in learning to trade using using just one forex trading strategy. When you complicate the learning process the odds of becoming a successful day trader are significantly reduced. By using a single setup you are much more likely to accurately trade the system in the correct manner. These month end reviews illustrate the power of keeping your trading simple and focusing on high reward to risk trade setups.