E_traderacademy📊

https://wa.me/message/5CFTOOUTBS3ID1 https://wa.link/f0otgm

N.B: we will be talking more about how to use indices to analyze the market too in our advanced class. Using this medium to congratulate people that have showed interest already, the sky is the starting point🚀. We definitely gonna hit the ground running from 23rd💯

It is not magical when a market is going too bearish or going too bullish…. Sentiments from social media do not have any effect on FOREX market it only has high effect on the crypto market.

Most times (80%), if the USD is ‘worse than expected’ all pairs will be bullish if it is ‘better than expected’ all pairs will be bearish.

N.B: this news will only affect any currency pairing with USD.

1:30pm🔔

Market will be very volatile during this period, if you open any trade before this time it’s strictly advisable to close the trade or you break even if you are in profit.

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https://wa.me/message/5CFTOOUTBS3ID1 https://wa.link/f0otgm

📊Good day, We're excited to invite you to take the next step in our upcoming Advanced Forex Masterclass. Where we will be unveiling the secret and all strategies you need to know. ▫️Forex trading Full course on Technical Analysis featuring ▫️ Retail concept ▫️SMC concept ▫️ Pattern trading ▫️Algo concept Additional ▫️ Account flipping tutorials&Risk plan ▫️Prop firm trading and success strategy Date : August 23rd Venue: WhatsApp, Telegram, zoom and meet. All classes will be in the form of a live session and will be recorded for beneficial purposes Host: E_traderAcademy📊

This will be the end of our *BASIC* class, we will be introducing the *ADVANCED MASTERCLASS* in coming days.

Goodnight and Stay Safe💪🏻 🇳🇬 …… Best Regards, E_TraderAcademy.📊

If you have anything to ask in regard to what we have taught so far you can send it to our DM or send it write into the group….

Using the reward-to-risk ratio effectively involves careful planning and consistent application to manage risks and maximize potential returns in forex trading.

📌We will be stopping here tonight. ‎

This can be reconsidered when Market volatility is high you might require adjusting the stop-loss and target levels, impacting the RRR.

*Discipline*: Sticking to the predefined RRR helps in maintaining discipline and avoiding emotional decisions during trading.

*Win Rate*: Even with a lower RRR, a high win rate can still be profitable.

In must aspect a common benchmark for a favorable RRR is at least 2:1, meaning the potential reward is twice the potential risk. However, traders might adjust this based on their strategy, experience, and market conditions.

*For Example*: - Entry Price: 1.2000 - Stop-Loss Price: 1.1900 - Target Price: 1.2300 - Reward: 1.2300 - 1.2000 = 0.0300 (300 pips) - Risk: 1.2000 - 1.1900 = 0.0100 (100 pips) - RRR: 300 / 100 = 3:1