Dynamic Fibonacci Grid Forex Trading System

Power of 20 Pips a Day: Risk to Reward Ratio

“Make your Twenty, Bank your Money!”
Chapter 8


Power of 20 Pips a Day, Chapter 8: Risk to Reward Ratio

Live Online Forex Trading Training Course – Fibonacci grid trader and Tiger Time Lanes Moderator Sam Shakespeare covers the proper use of Risk to Reward ratios, and how to implement them in everyday trading. A fundamental concept regarding money and risk management strategies. This is an excerpt from a live online forex training webinar. 14 Day Trial available to 24 hour live online forex trade room and Tiger Time Lanes Forex trading software, just sign the form on the right of the page.

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Power of 20 Pips a Day: Truth About Stop Hunting

“Make your Twenty, Bank your Money!”
Chapter 7

Power of 20 Pips a Day, Chapter 7: The Truth About Stop Hunting
Tiger Time Lanes Moderator and Global Fibonacci Grid Trainer Sam Shakespeare discusses the truths and myths surrounding the notorious broker practice of stop hunting.

If you would like to sign up for a 14 day Trial Membership to our live online forex training course and 24 hour online trading room just sign the form on the right of this page..

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Power of 20 Pips a Day: Stop Losses are your Insurance Policy!!

“Make your Twenty, Bank your Money!”
Chapter 6


Power of 20 pips a Day, Chapter 6: Stop Losses are your Insurance Policy!!
Fibonacci grid trader Sam Shakespeare explains how stop losses serve the same function as paying insurance premiums. Very interesting perception and analogy. Great for new forex traders who are struggling with the abiliy to close losing trades for a loss. This is an excerpt from the Power of 20 Money Management online training webinar.

If you would like to sign up for a 14 day Trial Membership to our live online forex training course and 24 hour online trading room just sign the form on the right of this page..

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The Power of 20 Pips a Day: Utilizing a Daily Stop Loss

“Make your Twenty, Bank your Money!”
Chapter 5

The Power of 20 Pips a Day, Chapter 5: Utilizing a Daily Stop Loss
Fibonacci grid trader and Tiger Time Lanes Moderator Sam Shakespeare discusses the critical nature of using a daily stop loss when using the Power of 20 Pips Money Management system. This is an excerpt from a live online forex trading training session.

If you would like to sign up for a 14 day Trial Membership to our live online forex training course and 24 hour online trading room just sign the form on the right of this page..

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Power of 20 Pips a Day: Stop Losses …….a Must!!

“Make your Twenty, Bank your Money!”
Chapter 4

The Power of 20 Pips a Day, Chapter 4: Using a Stop Loss!
In this excerpt from the live online forex trading training session given by Tiger Time Lanes Moderator Sam Shakespeare discusses the role of stop losses as a key component to any successful Risk/Money Management strategy. Stop Losses are covered in great detail along with the mindset required to use them properly.

If you would like to sign up for a 14 day Trial Membership to our live online forex training course and 24 hour online trading room just sign the form on the right of this page..

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Power of 20 Pips a Day: Importance of Discipline

“Make your Twenty, Bank your Money!”
Chapter 3

The Power of 20 Pips a Day, Chapter 3: The Importance of Discipline
Sam discusses the “nature” of Discipline in forex trading, and how true discipline is acquired through practice and having a live coach to keep the novice trader accountable. Also talks about mindset awareness while experiencing the emotions that cause discomfort while in a live trade. This is an excerpt from a live online forex trading training session.

If you would like to sign up for a 14 day Trial Membership to our live online forex training course and 24 hour online trading room just sign the form on the right of this page..

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Power of 20 Pips a Day: First Rule: SURVIVE!

“Make your Twenty, Bank your Money!”
Chapter 2

Power of 20 Pips a Day, Chapter 2: First Rule – SURVIVE!
Fibonacci Grid Forex Trader and Mentor Sam Shakespeare talks about developing the skill of survival during a live forex training session. So, how does a forex trader survive? The answer is common sense… This is a small excerpt from a content filled hour and a half Live online training webinar. Online Forex trading course topic: Risk/Money Management

If you would like to sign up for a 14 day Trial Membership to our live online forex training course and 24 hour online trading room just sign the form on the right of this page..

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Power of 20 Pips a Day: Money Management is the Key!

“Make your Twenty, Bank your Money!”
Chapter 1

The Power of 20 Pips a Day, Chapter 1: Money Management is the Key!
In this excerpt from the live online forex trading training session given by Tiger Time Lanes Moderator Sam Shakespeare, the critical importance of Risk and Money Management is introduced. It is shown that poor money management skills is the leading cause of forex traders blown trading accounts.

If you would like to sign up for a 14 day Trial Membership to our live online forex training course and 24 hour online trading room just sign the form on the right of this page..

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Daily Live Trading Session – Dec 15, 2010

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NY Session Live Trading Results 12-15-10

Dec 15, 2010 – Daily Live Forex Trading Session– Tiger Time Fibonacci Grid Trader Sam Shakespeare takes two trades today, the first a Long EUR/USD Bounce Trade Setup nets an easy +7pips on half.. Sam then sees an opportunity for a short trade in GBP/USD, once he notices a Trend Trade Setup at a 1 minute entry, he checks his charts and then jumps in. This trade nets +10 pips on half position and +15 pips on other half.. in about 4 minutes.. (Video of Live Trade below…)
Total pips for session +16 pips, that’s 1.6% account growth for the session.

(Not including performance of other Tiger Time Lane Moderators throughout the day).

1 Minute Trend Trade Example – Short GBP/USD

Overall 24 Hour Online Live Trade Room Performance

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Daily total pip count                         +101
Weekly cumulative pip count       +323
Monthly cumulative pip count    +1027

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20 pips per day is all you need…

One of the most valuable things that an online forex trading course can show you is how valuable 20 pips a day is..

1 standard lot at 20 pips/day = $200/day = $50k/year
2 standard lots 20 pips/day = $400/day =$100k/year
3 standard lots 20 pips/day = $600/day = $150k/year
5 standard lots 20 pips/day = $1000/day =$250k/year
10 standard lots 20 pips/day = $2000/day = $500k/year

If you were obeying 2% risk management, then you can multiply your account about 5 times a year.. at 4% risk management, you can multiply your account roughly 10 times /year. To demonstrate..

If you have a $10k trading account and you are trading at a 2% risk, then you can risk $200 per trade (2% of 10k = 200). that means you can trade 1 lot with a 20 pip stop and 20 pip target (1:1 risk reward, least acceptable).
If you can make 20 pips/day on avg with that 1 lot you will make 200/day=1000/wk=50k/year..

So, you just made a $50k/year income with just a $10k account!! only risking 2%. Most traders dont appreciate the leverage we get, and risk way too much, only blowing their accounts before they know what went wrong!

At a less conservative 4% risk management level, you could risk $400 per $10k. Using the same 20 pip model, we would trade 2 lots with 20 pip stop and target. 20 pips/day would now equal $400/day=$2000/week=$100k/year. So, a $100k income was achieved with a $10k account, using the same 20 pips/day strategy.

What’s important is that we never need to try for more pips/day, thats too difficult and novice forex traders have a hard time realizing this. It is more beneficial to be consistent at a small number of daily pips and then gradually increase your lot size as your account grows.

btw, this is NOT compounding, this is taking your profits out every week. If you were to leave the money in your account and increase your lot size according to your account balance you would see astronomical gains.

Here is a link to the Video Series:

The Power of 20 Pips a Day

…good trades,

Sam

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