Every day you will get the market analysis covering the exact entries, stop losses and take profits for the trading sessions, as well as which rules of the strategies we are applying. This is of great support for the students that are learning our strategies so that they can immediately start applying the strategies they have learned in the lessons and don’t miss opportunities or make mistakes.
The breakdowns will also help you fully understand risk management and trading psychology, which are extremely important for professional trading. Understanding these concepts is of KEY importance to get approved in the account funding program or in general to become an independent consistently profitable trader. For example the concept of always having a minimum risk-reward ratio of 1:3 is of key importance when it comes to increasing your probabilities of trading in a consistently profitable way in the market, here is why:
minimum risk to reward of 1:3
What does this mean? it means that when you take a trade your take profit is placed at least at 3 times the amount of pips (money) that you risk on the trade.
Let’s consider a low win rate scenario: you take 10 trades (2% risk each), and:
You lose 7 = -14%
You win 3 = +18%
TOTAL = +4%
As you can see even with an extremely poor 30% win rate you are still not losing if you use a minimum 1:3 risk to reward and proper risk management.