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Hello everyone, Doug here. It’s December 15th, a chilly but promising morning. I found myself awake at the usual 4 AM with my trusty coffee hot and ready and I wanted to share some insights as this trade is moving through its stages.
I’m always humbled by people who follow along and I want to remind you that I didn’t make up this plan. There is nothing magic in what I’m doing and you can learn it too.
Today, I want to take you through something different than crypto.
Recently, I’ve been closely watching the US dollar and its impact on other currencies like the Canadian dollar and the Japanese Yen.
Let me share with you how this helped me earn 0.001 new bitcoin (almost a 90% gain) from some passive income that I earned for free.
Check out these Before-and-After Screenshots and read about the initial trade placement below.
Risk Control, 1–2–3’s and Forex Trading
Firstly, I want to be upfront: I don’t have a crystal ball for the markets.
But it had nothing to do with luck that I have been able to catch a couple of significant moves recently.
This morning, I closed one of my two Yen trades on SimpleFX. The decision was easy because I made this decision many years ago. The trading plan tells me to take profit on part of the trade when the chart makes this pattern. I’ve done it so many times, it’s pretty routine.
So often, people are told that high-return trading involves high risk and holding your nerve through the market…
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