long as your strategy is alright and you can stick to it, you can safely expect
around 20% daily profit from Forex trading. However, this doesn’t apply to the
part-time traders, who often can’t trade for hours each day, exploiting the
micromovements on the market. And let’s be honest — 90% of newcomers to Forex
do not have that luxury.

big issue with part-time trading is in the name — it’s part-time. This means
that you can’t afford to monitor the market for hours each day, and therefore
are bound to miss trading opportunities on short-term timeframes like 5M.

approach is very attractive for those who are searching where to invest money
or how to receive an additional income. In general, beginners start online
forex trading using a Demo account that allows everyone to receive relevant
practice at no charge (no money losses at all).


How to Trade on Long Timeframes

long as you can spare 5 minutes of your time each hour — you can use them to
make a profit on Forex. At its base, long-timeframe trading is not that
different. You still want to buy low and sell high, and you still have to
predict the market situation to do so. Predictions tend to be a lot less
precise on longer timeframes, and simple trend-trailing straight up doesn’t
work. And for a long time, there hadn’t been a reliable trading strategy on
timeframes larger than H1.

changed in 2005 when James16 started his chart research at ForexFactory. He
noticed patterns, both in candlesticks and charts themselves, that predictably
affected the market. James and his followers documented those patterns and
found the best way to trade on them. Now we call their strategy Price Action.
It depends on delayed orders — as in orders that open and close automatically
once the price reaches the defined condition.

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example, if you see a candle with a little-to-no-body and one shadow much
longer than the other, it’s a Pin Bar. It indicates a change of trends on the
market, and you can speculate on it. Set up a delayed order in the direction of
the new trend, next to the short shadow of the pin bar. You should close that
order by StopLoss when the price goes beyond the long shadow or TakeProfit once
the price is double the StopLoss in your favor.

are hundreds of patterns like these. However, most of them are relatively rare
and not that precise. Newcomers to Price Action prefer to trade using only a
dozen well-documented common patterns, and you can learn them all in an hour or


Can 10% Profits be made each week with a
Price Action?

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prove the worth of Price Action in practice, let’s take two trading weeks on
EUR/USD currency pair and see how much could a single trader earn on them. To
make it fair, we will use only the most basic and reliable patterns — Pin Bars
and Inside Bars. We will also provide two TakeProfit options — safe (win/loss
being 2:1, with adjustment for market levels) and aggressive (3:1).

are the trading opportunities between December 17 and December 30:

  • Pin Bar at 20:00 December 18, the entry price is 1.13750. Entry price
    • Safe TakeProfit is 1.14035, reached by 12:00 the next day — 0.00285
      points of profit.
    • Aggressive TakeProfit is 1.14070, reached almost at the same time —
      0.00355 points of profit.
  •  Pin Bar at 12:00 December 19, entry price is 1.13925. Entry price is not
    reached due to the reverse of the trend.
  • Inside bar at 0:00 December 19, entry price is 1.13765. Entry price
    • Safe TakeProfit is 1.14035, reached at 8:00 the next day — 0.00265
      points of profit.
    • Aggressive TakeProfit is 1.14070, reached at the same time — 0.00335
      points of profit.
  • Pin Bar at 16:00 December 20, entry price is 1.14635. Entry price is not
    reached due to the reverse of a trend.
  • Pin Bar at 0:00 December 24, entry price is 1.13810. Entry price
    • Safe TakeProfit is 1.14135, reached at 16:00 the same day — 0.00225
      points of profit.
    •  Aggressive TakeProfit is 1.14300, not reached. The price stuck at
      1.14040 for long enough to close it manually with 0.00150 points of profit.
  • Pin Bar at 16:00 December 24, entry price is 1.14020. Entry price
    •  Safe TakeProfit is 1.13700, reached at 12:00 on December 26 — 0.00320
      points of profit.
    • Aggressive TakeProfit is 1.13600, reached at 16:00 on December 26 —
      0.00420 points of profit.
  • Pin Bar at 16:00 December 27, very risky due to closing in the opposite
    direction. If acted upon, could have brought additional 0.00500 points of
    profit if closed by safe strategy.


that the starting capital was 100 USD and leverage was 1:10, at the end of two
weeks, a trader using safe strategies has 120 USD. An aggressive trader has 125
USD. It is a sizable 20-25% increase — and it is very much repeatable.

Price Action is not as dependent on the brokers as scalping or other
full-time strategies, but a good broker will allow you to maximize the profits.
When choosing one, take note of:

  • Leverage. Pretty much every broker provides 1:10 leverage, but that’s just the tip
    of the iceberg. Before you sign up with them, talk to the support about the
    margin call procedures, as well as other related situations.

  • Bonuses. Some brokers will give you a deposit bonus, which will allow you to
    profit more. For most of them, the deposit bonus is 10-20%, but there are those
    that will double your deposit.

  • Quality of Service. Some brokers have good ideas and mean well, but the quality of their
    service is subpar. The support is wasting your time, the orders constantly slip
    through, and the company can’t yet get it together as a whole. If you want
    quality service, look at companies with a couple of years of experience.


of the companies that fit all these criteria is JustForex. Their margin call procedures are surprisingly
lenient, the quality of support is on point and it offers a huge variety of
currency pairs including cryptotrading. The broker is IFSC regulated and
registered with the Federal Service Authority.


enquiries kindly contact


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