Forex Trading Magic Wave System has been developed by Sam, a pro trader. Forex Magic Wave is a simple system that can make 50 pips daily trading on the lower timeframes like M5 and M15. As a trader what you need is to stop jumping from one system to another. Take one system and practice it for at least two months on the demo account. Make at least 100 trades with that system. After two months decide whether this system is worth trading live or not. It is better to trust a trader who has tried a system 1000 times than a trader who has tried 1000 systems.
When you select a forex system be very careful because ultimately it will help you in the long run if you have tested that system thoroughly on a demo account. Make a trading journal. Enter each trade that you make into that trading journal whether it is on the demo account or a live account. After making 100 trades do a thorough analysis about the performance of the system like the win rate, average pips made, average pips lost etc. This will help you a lot in the long run. Now making 50 pips consistently daily can easily double your account per month if you use the fixed fractional money management system.
Different timeframes need a different system. Trading on D1 and H4 charts does not need much time daily as there are very few signals on them on a daily basis. On the other hand, if you want to make a full time living as forex trader then you need to make something like 50-100 pips daily. This means trading on the intraday charts like M5, M15 and H1. Another advantage of trading on intraday charts is that the stop loss required is small as compared to the stop loss required while trading on D1 and H4 charts. On the intraday chart, you can trade with a stop loss of 10-20 pips while on the H4 and D1 charts, the stop loss needed can be 60-100 pips most of the time.
So, there is a trade off. Sam has been trading for a while developing different strategies for the different timeframes. First he traded the higher timeframes like H4 and D1 but then as a full time trader he started focusing on the intraday charts and developed strategies for trading on H1, M15, M5 and M1 timeframes. This Forex Magic Wave Strategy can work on all the timeframes but works best on M5 and M15 timeframe. Watch the Forex Trading Magic video below where Sam gives a weekly snapshot of the trades made by the Forex Trading Magic Wave Strategy:
You must have heard Sam talking about the daily pivot, weekly and the monthly pivot levels. Pivot levels are used by pro traders widely. Learn how to use them in your trading. Forex Magic Wave Strategy comes with a 60 days of no questions asked money back guarantee. If you get interested, first try it on your demo account for two months. As said above, make a trading journal and do a thorough analysis of the Forex Magic Wave Strategy at the end of two months of demo trading. If you don’t make 50 pips daily with it, simply return Forex Magic Wave System and get a refund.