Forex Trading Rules, Plans and Duties
We have very specific rules, plans and duties for our Signal Provider and Discipline Partner to follow in order for us to produce the best possible results with manageable risk for our clients.
Trading rules and plan for Signal Provider
A successful long term Forex trader must follow his trading rules and plan every day, in every trade. As our client, you need to monitor if our signal provider is one of the long term winning trader for your investment.
Signal Provider's Goals: Produce 10% weekly profit and identify trading weaknesses for improvement every trading day.
Trading Rules:
Remember, the profit target is just 5% per week so we only need to trade with the best setups.
Signal Provider's Goals: Produce 10% weekly profit and identify trading weaknesses for improvement every trading day.
Trading Rules:
- Only trade one pair with only 1 open position at a time.
- Trade with the major trend.
- Trade with patient for the best setups and wait for the virtual line to be hit before entering an order.
- Be flexible with the market and follow the market direction.
- Risk only 2% per trade and place 6 pips SL for every position.
- Take up to 3 trades per day.
- Taking profit is always good because what we need is 5% compound return per week.
Remember, the profit target is just 5% per week so we only need to trade with the best setups.