Manual Trading: Making €1,000+ DAILY

Manual Trading: Making €1,000+ DAILY

OFFICIAL WEBSITE: IncomeMentorBox.com

Today we want to provide you with a lesson on manual trading. As you will see, Andrew made over €1,000 with just 2 trades, and it took only a single hour to achieve. We have the live trading video right here, and the proof is in the profits. Here at the Income Mentor Box Day Trading Academy, we are all about teaching aspiring traders to be the best in the business. Let’s go over some manual trading tips, courtesy of Andrew, and examine how he made roughly €1,100 in just 1 hour!

Income Mentor Box - Manual Trading Tips

 

Manual Trading: €1,000+ In 2 Trades

Just to clarify, here Andrew was able to make over €1,000 in just 2 trades. He did this purely through manual trading, which is usually the standard when trading Forex. Yes, Andrew was able to make over €1,000 in just 2 trades, and it only took a little over 1 hour to achieve these profits. The two trades which he placed were USD/JPY and GBP/USD.

Combined, they produced well over €1,000 in profits. Today’s manual trading lesson is all about how you can replicate Andrew’s profits, all courtesy of the Income Mentor Box Day Trading Academy. It’s all about making life easier for you and teaching you how to make big money through manual trading. In order to get full lesson on every Forex and day trading, join our Income Mentor Box Day Trading Academy.

Income Mentor Box - Manual Trading Tips

Manual Trading: Support And Resistance

One of the strategies which Andrew from our Income Mentor Box Day Trading Academy uses to place the right trades, and to close them at the right times, is support and resistance. Knowing how to use support and resistance lines is crucial for manual trading, and it will help you determine when to close trades, when to open them, and in which direction to trade as well. As you can see from the video, we place a lot of faith in support and resistance, and more times than not, it turns out to be very reliable and highly profitable.

Here we closed these trades on live video. This is because for manual trading, there are no other traders or trading academies out there which do live trades, showing real profits and real trading methods. The whole point of us doing this manual trading video and closing trades live on video is so that you know that our strategies are real, that they work, and that this is the real deal. It’s solid proof that Andy’s manual trading using support and resistance actually works. This is how you can make good money on a daily basis through manual trading.

Income Mentor Box - Manual Trading Tips

Manual Trading: Using The Best Currency Pairs

One of the things which we cannot stress enough, is that to make profitable trades, you need to pick the right currency pairs for Forex. Yes, there are many different pairings out there to choose from. However, not all of them have the same volatility, reliability, and overall profit potential. As you can see from the manual trading video, Andy has a few currency pairings which he favors over all others.

These are usually the best currency pairs to trade with, the ones with the most profit potential when manual trading is involved. Generally speaking, the very best currency pair to go with is the EUR/USD pairing, as it has a high level of liquidity and the highest order flow as well. Some other currency pairings which are fantastic to trade with include USD/JPY, USD/CHF, AUD/USD, EUR/CHF, USD/CAD, GBP/JPY, and GBP/USD. If you stick to these various currency pairs we have listed here, the potential for profit drastically increases when compared to other currency pairings.

Manual Trading – Economic Calendar & 3 Bull News

Another big manual trading tip, courtesy of our Income Mentor Box Day Trading Academy, is to always go to investingnews.com and check the economic calendar. For one, make sure that you select the time zone which you are in. What you are looking for in this economic calendar are news releases. If you are trading with any given currency, you want to ensure that there are no significant news releases coming out.

This goes double for 3 Bull News. If a currency, such as the EUR, is experiencing 3 Bull News, you want to avoid trading with it for the time being. Never trade with any particular asset when said asset is experiencing 3 Bull News. So, for manual trading, compare the favorite currency pairs listed above, and then check the economic calendar for 3 Bull News. Keep an eye on 1 and 5 minute charts, look at the support and resistance lines, and make sure to pay attention to news releases.

Please do keep in mind that here we are only providing a rudimentary explanation of how to make good money through this kind of trading. If you want the full lesson, watch the full manual trading video. For even better and more in depth lessons, you should join our Income Mentor Box Day Trading Academy.

Income Mentor Box - Manual Trading Tips

Manual Trading Tips – Final Thoughts

There you have it folks, a relatively simple explanation and tip session on how you can maximize profits and choose the right trades when trading. Always use the favorite currency pairs which Andrew discussed, and always check the news releases for news releases related to these currencies. Remember your support and resistance lines as well!

Like we said before, for a more in depth lesson on manual trading, please check out the embedded video and join our Income Mentor Box Day Trading Academy. Here we also provide many other lessons, including over 51 video tutorials for Forex and day trading, an EBook, a private chat room, and more.

Here at the Income Mentor Box Day Trading Academy, we even provide trading signals for manual trading. All you have to do is copy and paste our manual trading signals into your own trading platform, and you can make money just like Andrew does in his live videos. Folks, he made over €1,000 in 1 hour, with 2 trades. This could be you!

Income Mentor Box

Calculating PIP – What & How

Calculating PIP – What & How

OFFICIAL WEBSITE: IncomeMentorBox.com

We here at the Income Mentor Box Day Trading Academy want to teach you to be the best day traders you can be. One fundamental and crucial piece of knowledge you need to be successful has to do with PIPS. You need to be familiar with the PIP, you need to know what this means, and you need to know how to calculate PIP too. Let’s take a closer look at this subject right now.

What Is A PIP?

Technically speaking, PIP stands for “percent in point” or alternatively, “price interest point”. This is a unit of measurement, or specifically a unit of change in an exchange rate or in a currency pair. In other words, a PIP signifies the difference between the price of an asset, or the difference in value in a pairing, from one point in time to another.

A PIP is most often used to measure gains or losses, and is calculated using the last decimal point in the currency pair listing. A PIP is usually measured in the equivalent of 1/100th of 1%, or in other words, 1 PIP is usually a change in the value of the numeral which sits in the fourth spot past a decimal point. This is how you measure exactly how much money was made or lost through currency pair, Forex, trading.

PIP

 

How To Calculate PIP

Of course, if you are going to be a professional and successful day trader, you need to know how to calculate a PIPS. This is very important if you want to be a true day trader that knows that you are doing. So, calculating PIP is actually very easy.

First, let’s take a currency pair such as EUR/USD. If The price of this pairing right now is 1.0001 (it usually will not be like this, but we are keeping it simple, hence the “1.0001”). At any rate, if the value of the EUR/USD pairing then changes to 1.0011, you would have a PIPS increase of 10 PIPS.

As we noted before, one single PIP is the fourth numeral after the decimal place, ie, 1.0001. Yes, this can be a bit complicated to understand at first, but once you have calculated PIPS difference a few times, it should become fairly easy for you.

For a lesson on calculating PIPS in full, please check out the video which we have embedded here. Andrew from our Income Mentor Box Day Trading Academy does a really great job at explaining it. However, if you want a truly comprehensive lesson on the subject, it is recommended that you join our Income Mentor Box Day Trading Academy. In this lesson, you will also learn how to calculate PIPS value, or in other words, how much the PIP value change actually reflects a change in the overall price of a trade.

Calculating PIP

Calculating PIP – Final Thoughts

Folks, we haven’t covered everything here, but we have outlined the basic in terms of what PIPS are and how to calculate it. For a more in depth lesson on this particular subject, please join our Income Mentor Box Day Trading Academy! Keep in mind, we here at the Income Mentor Box Day Trading Academy also provide free Forex, CFD, stock, and indices signals for you to trade with. Just copy them into your trading platform of choice and you are good to go! We even do a monthly $500 giveaway with 3 lucky winners every single month! 

Income Mentor Box