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50 Pips A Day Forex Strategy [Kindle Edition]

Laurentiu Damir
4.2 out of 5 stars  See all reviews (117 customer reviews)

Kindle Price: $0.99

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Book Description

50 Pips A Day Forex Strategy
  • Start making consistent profits in the forex market
Components
  • Support and Resistance
  • Candlesticks
  • Moving Average
  • Timeframe - 4 hours chart
Summary
  • This is a very clear and simple to follow forex trading strategy to get you started achieving consistent profits day after day trading the forex market. It will make you 50 pips per day or more every day. It is ideal for beginner traders but it will give a great deal of help to more experienced traders that have not found a clear strategy to make profits consistenly
  • It is easy to understand and to put in practice.
  • It has very well defined entry, stop loss and exit levels.

How to Build a Solid Trading System

Apart from the strategy, this book also contains a very useful guide that teaches you how to construct a profitable forex trading system for yourself and how to avoid trading and money management mistakes

Are you new to forex trading or just started to trade on a live account but with not much success ?
  • You need a solid forex trading system based on sound principles of the forex market, that has clear trading and money management rules
Do you have a forex trading system and you have been trading with it for a period of time but still you don't have the success you hoped for ?
  • This can only mean that your trading system does not take into account the basic trading rules and principles that any powerful forex trading system incorporates
This book teaches you how to construct your own powerful forex trading system, what are the most important forex trading tools that you must include in it, what not to include in your forex trading system, how to apply solid money management rules and equaly important, how to avoid making trading mistakes that will cost you when you start to trade with your newly developed forex system. If you require further details feel free to contact me at damirlaurentiu@yahoo.com


Product Details

  • File Size: 855 KB
  • Print Length: 41 pages
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B008NWF4JE
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Lending: Enabled
  • Amazon Best Sellers Rank: #40,515 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
  •  Would you like to give feedback on images?.


Customer Reviews

Most Helpful Customer Reviews
85 of 104 people found the following review helpful
1.0 out of 5 stars Misleading January 25, 2013
By ArtFan
Format:Kindle Edition|Verified Purchase
The only way to know whether a trading strategy is viable is to test it over a very large number of trades in a large timeframe. No matter which strategy you use, the more trades (round turns), you complete, the more accurate the results will be. There is no accuracy whatever to a small number of trades - small number meaning 50 or a couple hundred.

It is very commonplace to see wildly different results between 10 trades, or 50 or 100. Or even between 100 or 400. The same strategy implemented over a 2 month period could show you a net loss of $5000 while over a 4 month period could show you a net gain of $5000. In fact you will never have a good idea of the validity of your strategy unless you do at least several hundred trades in a year timespan.

Fortunately, modern technology makes it easy to backtest your strategy. When you do this, you will find that no matter how "appealing" or "convincing" a simple system seems, it does not work over the long term. No exceptions. Take this to heart as you read books purporting to offer a way to make "$100/day" trading forex or futures or whatever.

That said, you can tell where I'm going with this review. You have to be wary of books that show you examples that fit the theory, without showing you how to handle the 50% of the time when it's contrary to the theory. The only worthwhile things in this book are the few vague, general cliches like "Cut your losses short" and "don't take trading tips from other people." Unfortunately, no matter how good a cliche sounds, it means nothing in terms of real money.

Here's one of my favorite quotes: "Easy to follow and extremely profitable trading strategy to get you started in trading." Wow, why would that work only as a "getting started strategy?
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9 of 9 people found the following review helpful
5.0 out of 5 stars Simple April 28, 2013
Format:Kindle Edition
Very good simple strategy if followed correctly. English could have been better but does not detract from the book. Happy to buy more of Laurentiu's books.
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10 of 11 people found the following review helpful
5.0 out of 5 stars Legit Forex system. For 99 cents, it's a steal. July 3, 2013
Format:Kindle Edition|Verified Purchase
I've been trading for over 8 years. I'm always trying to learn and experiment with other systems. Bought this book out of curiosity. The system in the book is actually legit. I made some money experimenting with it. But not sure you can actually make 50 pips a day with it. Also, for me, this system requires too much waiting. So I've moved on. Even if you don't trade the system, there are useful tools in there to use as you formulate your own system. For 99 cents, it's a steal. I've spent much more money on trading/Forex books that are less useful.
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21 of 26 people found the following review helpful
5.0 out of 5 stars Good advice from a seasoned trader. August 22, 2012
Format:Kindle Edition|Verified Purchase
The author answers questions very quickly and in detail. He will help you in anything you need to understand about his books. After his fast responses I bought all of his books available on Amazon. I started on "Follow Price Action Trends" since I thought this was most likely to be the style of trading I would prefer. He recommended this book "Build Your Forex Trading System" as the starter to give me a better overview of all of his books and a variety of trading styles. I agree, start here. This book will help you understand the differences in the styles. Mr. Damir is making his money trading and has been good enough to help us who are learning to be able to improve our trading. He is not trying to get rich selling courses with empty dreams, like most of the experts. For the knowledge you will gain all of his books are a bargin. His explanation of lot/trade sizing has helped me a great deal more than the other courses I have taken. I recommend you start with this book and buy all of his other books. For the price you will learn far more then you are spending.
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7 of 7 people found the following review helpful
5.0 out of 5 stars To the point January 16, 2013
By Suz
Format:Kindle Edition|Verified Purchase
The subject matter is well explained, step by step.
If you are already familiar with the components of trading, then this would be a workable trading plan.
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8 of 9 people found the following review helpful
5.0 out of 5 stars His strategy is really working March 30, 2013
Format:Kindle Edition|Verified Purchase
I tried his strategy several times, and 99% it worked. That's why it is worth much more than its price.My special thanks to the author.
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4 of 4 people found the following review helpful
5.0 out of 5 stars 50 Pips A Day Forex Strategy December 24, 2012
Format:Kindle Edition|Verified Purchase
This is simple perfect and interesting for my need.
At this price I find lots of good details.
The sample are explain on the charts from the real experience
of the writer of this E-book.
I think I made a good investment on this virtual product.
I really like the style of this trader and writer.
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4 of 4 people found the following review helpful
5.0 out of 5 stars Nice and simple February 8, 2013
Format:Kindle Edition|Verified Purchase
I have read different books on this topic and this is the first book without the use of technical jargon and complicated explanations. This book is nice and simple and goes directly to the point. In addition book presents a useful and practical strategy.
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Most Recent Customer Reviews
5.0 out of 5 stars Good Book Must Read
Good Job Must Read
Published 1 day ago by luis munoz
1.0 out of 5 stars One Star
Not very good
Published 3 days ago by Roger George Doss
4.0 out of 5 stars Easy Read
Haven't tried the strategy yet but the information is easier to understand than other books I've read.
Good starter material.
Published 14 days ago by bbrannum
5.0 out of 5 stars Five Stars
Efficiently written with actionable strategies. Definitely worth the time to read!
Published 15 days ago by Jason B Cargill
1.0 out of 5 stars One Star
there is no clear outline or plan to explain or show how to make 50 pips a day.
Published 29 days ago by Allen Miller
5.0 out of 5 stars A great way to trade.
With so much to look at, Laurentiu give you many entries to look for to make 50 pips a day you just have to be patient and be consistent.
Published 1 month ago by Rik Taylor
1.0 out of 5 stars Extremely simplistic
I downloaded this book just to see what the author had written. I could not believe that anyone in the FX trade could guarantee 50 pips per day using any system, but I was... Read more
Published 1 month ago by Amazon Customer
4.0 out of 5 stars 50 Pips A Day Forex Strategy
Good introduction to Forex Trading.
Published 1 month ago by T. Shroyer
5.0 out of 5 stars This book is very interesting that the strategy used,
This book is very interesting that the strategy used,
German Gutierrez
Published 1 month ago by German Gutierrez Zambrano
5.0 out of 5 stars SImple and well explained
Very simple and well explained. I tried to follow this strategy on charts and it look ery promising. I will surely test it.
Published 1 month ago by Adam
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