How to Multiply Trading Profits Every Day

Lots of online advertisements that state that you can double your profits every day with forex trading. Of course, that sounds excessive. But who would have thought that could be done.

Through this article, you will:

  • Know the most profitable Forex trading strategies.
  • Learning whether to multiply profits every day can be done.
This is the Most Profit Trading Strategy
Out there, there are hundreds of forex strategies that are claimed to be the most profitable. Of course, we will not be able to discuss all of these strategies in 1 article. Therefore, we will only discuss the most profitable forex strategies, namely Scalping.

Scalping is a term for a set of strategies that focus on the number of positions opened, compared to the size of the profit. For example, a scalper will take 10 orders of close action with a profit of 10 pips, compared to 1 order closed at 100 pips.

How to trade like this uses a very tight Stop Loss value. With Scalping, 1 small mistake that you make will not have much effect on the overall trading results, different from when you open 1 large lot at a time.

The main problems often faced by traders are: Scalping requires high concentration. Scalper trades at very low Time Frames, so they don't have much time to make decisions and often rely solely on intuition. Plus the pressure of risking capital, forex trading by Scalping can cause stress.

How to trade with Lazy River?
Lazy River is a Scalping method that can be applied by beginners. This trading strategy is relatively easy and generates several profit opportunities every day. Actually, there is a strategy of Bali Scalping or Scalping RSI that has trading opportunities and higher profit opportunities. However, these methods carry a greater risk and are not recommended for beginners.

To become a Lazy River trader, you need to apply:

  1. 5 Minute Frame Time Trading
  2. Indicators used: EMA 50 and EMA 20
  3. Currency pairs with high liquidity, for example EUR / USD or USD / CAD

After the system is installed, wait for the price to enter into the Moving Average range of 50 and 200 MA. Suppose that these lines are the banks of the river (river). If the price doesn't change after more than 3 candlesticks, don't do anything. This condition is not profitable for Lazy River traders. However, if the price breaks the indicator boundary, this is the time for you to open a position:

Open 2 orders with the same number of lots, following the direction of price movements.
Put a stop loss to close both if the price shows maximum reversal;
Close the first order using take profit when touching the stop loss value;
Close the second order manually when the trend shows a reversal.
Note: When the indicator crosses, observe the movement of its position for several minutes, until the trend is formed. Although the chances are tempting, the risks brought are also quite high.

For more details, consider the following picture:

On the EUR / USD chart above, Lazy River's trading strategy opportunity is indicated by an arrow indicating the price exceeds 'river'. The best example to appear on January 10, 2019, at 10:05 (third arrow from the left, blue).

Next, consider the following picture:

The first order is able to get a profit of 80 pips, and the second order is 240 pips. If both orders are opened with a capital of 10,000 USD, the first order will produce 8 USD, and the second order will generate 24 USD. If combined, the profit obtained is 0.16%.

The 0.16% number doesn't sound too big. However, that is the number generated without leverage. With a leverage of 1: 100, the transaction generates a profit of 16%. Very good results, right?

But, keep in mind that the illustration above is a rare occurrence. The average profit that can be obtained is 5-8%. You can test this strategy through a demo account available at various brokers.

Is there a possibility to double the initial capital every day?
If you look at the average number of profits of 8%, you might think that multiplying capital is easy to do: You only need to do 13 successful orders every day.

But the reality on the ground is not that simple.

First, not all transactions are successful. Even though you have implemented the correct strategy, there is always the possibility of losses because market movements are not predictable. Sometimes the strategy doesn't run smoothly, so the position is hit with a stop loss or doesn't get any profit at all.

Read to  Strategy to Increase Profit on Forex Trading
Read to  Time and Volatility, Win the Success of Binary Options Trading

In addition, trading opportunities in one day do not always appear as much as needed. For example, you might only get 5-6 trading opportunities on a market where volatility is low, so making a profit of 20% on each transaction is a miracle.

So, even though doubling the initial capital can be done, the possibility of doing so is very small. However, getting maximum profit is very possible and can be done, as long as the broker you choose has a tight spread. For example by opening a JustForex ECN Zero account, the right choice for Lazy River traders is because it offers 0 spreads.