Performance Statement - PipsAndTips FOREX Trading Room

Live account statement & in-depth analysis of results are available 24/7 in real time via MyFxBook (independent):

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Guidelines to our live trading acct:

- All trading is technical & manual, based

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on classic technical analysis (Support/resistance, trend lines, Fibonacci levels, Elliott Waves), the "Rainbow" template and a proprietary method of entry/exit (on M15/M5 charts).

- I do NOT take any trade automatically & I am not using any expert advisor on any of the live accounts I trade.

- I usually trade intraday, positions are closed most of the time by the end of the day (NY session). Trading takes place mostly the London & US trading sessions.

- I take approximately 5-10 trades per day on average.

- ALL TRADES are protected with stop loss orders. Although sometimes the stops are quite large (especially on low exposure), I tighten stops when trading with larger lots & try to take out quickly trades that don't work out.

- I use scale-in & scale-out methods regularly for money management & risk control.

Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade the foreign exchange you should carefully consider your objectives, financial situation, needs and level of experience. PipsAndTips provides general advice that does not take into account your objectives, financial situation or needs. The content of this Web site must not be construed as personal advice. Please read full disclaimer here.