Trading Strategy is currently based on EMAs (Exponential Moving Average), Japanese candlestick charting techniques, Fundamental background and price action. Sentiment Index also can be a very valuable tool for intraday currency trading. The Index is based on transaction flow information and is designed to show long and short ratio in the most popular currency pairs.
Average trading lot is equal to equity divided to 500 – 1000 pips (for example for 1K equities, an average trading lot would be 10 000 or 20 000 units of the base currency (USD)).
Trading strategy does not preclude the possibility of drawdown. Maximum projected drawdown excluding expenses: 50% (For instance if an Intomillion had a 50% drawdown that means at one point he lost 50% of the account value).
Trading needs to be treated like a business. Intomillion is aware of margin trading risk, and carefully plans his trades in order to minimize the risks to trading capital. There are specific steps that an Intomillion can takes to minimize the risks involved in Forex trading, particularly involving safe ways to use the margin. Even with implementing risk management tools, the risks of trading Forex remain substantial. Therefore almost all trades are based on what the market is telling and strategy involves only human decision-making for entering and exiting trades (Do not uses STOP and LIMIT orders).
Please be informed about HIGH RISK below on this page!
10 trading advices from Intomillion
- Trend is your friend
- Trade what you see, not what you think
- Master your emotions first, then you will master your trading
- See % movements, not Pips (for example 1% from 1,40 EUR/USD is 140 pips)
- Cut your losses early and let your profits run
- Don’t Trade Everyday
- The Market is much stronger than you think
- Follow the leaders
- Keep yourself updated
- Improve yourself, not your greatness