Daily Pips: Only place to make profit trading in the forex market online
Why go for trading in the forex market?
The forex market involves people competing with each other in order to make small gains on each trade. Basically, in the simplest of terms, Forex or FX involves a factor when two currencies are compared to one another. The factor represents one currency’s value in term of the other. For example, if a USD, CAD pair has a factor of 1.4 that means one United stated dollar has equal value to 1.4 Canadian dollars. Trading at the forex market happens in the so-called lots with names like micro, mini and standard lot depending on the size of the trade which is executed.
Unlike other markets, forex can be termed as a 24-hour market. Thereby, providing you ample opportunities to execute your trades and make profits. Also, while in traditional stock markets the commission and various other charges just simply wipe out your gains but comparatively in the forex market, they are really low. Also, trading in the forex market does not involve traditional restrictions on directional trading. Therefore, you can make money both when the values are increasing or decreasing!
Some drawbacks/cons of trading at Forex markets
The above-mentioned benefits do come with a pinch of salt. The 24-hour trade window cause a short move against you while you are not paying attention to the screen. Also, liquidity may not be present in the market as per your requirement. Therefore, it is advisable for the investors to follow a predefined investment plan. Also, its users need to understand that involving investor emotion seldom result in effective trading profit being made. Also, some of the points which they can keep in mind while investing in forex are–Don’t get carried away in the lure of very low transaction costs. Their being low should not trigger you to drastically increase you trade volume. As I said earlier, if you let greed and emotion take control, there is a high probability of taking a loss. Following the least active plan can increase your chances of making a large amount of profits.
Also beware of the leverage! Don’t just illogically use it otherwise you may incur a terrible amount of loss. It is never good for a beginner specially as its potential is huge in making profits as well as to be sole reason of a phenomenal loss. The liquidity issue did once become a cause of losses for the traders when in around October 2016, British pound crashed in the Asian time zones and most of the people in the west were not active, they had to suffer significant losses.
But these are all minor drawbacks which rarely occur and hence no certainty can be attached to them. So, are you ready to enter the world of forex trading?
Daily Pips Machine : Revolutionising forex trading
Daily pips is an amazing manual trading system in a platform known as Metatrader 4 in case you wish to make easy money using sophisticated trading solutions. The site has a developed software for trading between various currency pairs. Although experienced traders advise us to use conventional pairs like EUR and USD, GBP and USD, etc for the express purpose of cheapest spreads and faster execution of trades on the platform.
It falls under an attractive price range which is affordable for customers from all the segments. The graphical representation and plotting of prices in real time enables us to visualize our trades without any issue.
More details about daily pips:
The software is built for users with various levels of experiences but according to me its best suited for those who are just starting off to try their luck in trading. It has made its users hundreds of dollars in a day. The users earn pips per trade which is the smallest amount of change that can take place in a currency pair. It also makes sure that the users never make a trade at a loss. It’s in built computation techniques and algorithms take into account all the possible scenarios and assist you making winning trade order.
Daily Pips Machine Pros:
Also, the software is not similar to an often-assumed bot and thereby you gain complete control over your trades. This makes sure that your money- and profit-making skills are in your own hands. Many of its users claim to have left their daytime jobs in order to become full-time traders on Dailypipsmahine.com!! One of its users has even claimed to have made around 1700 dollars a day.
Also, daily pips machine offers you a trade assistant feature in case you are new to the platform. Which can make it easy for you to automate your entry, exit, SL, TP signals. You can even avail the option to get notification via email. You can make use of the custom-built colour coding for displaying the signal on your screen.
Criticism of the Daily Pips Machine:
While there are various critics who like to argue that it is a scam. Their claim is that there have been several claims by its users regarding daily pips being fake. They argue that if we all could make 1700 bucks a day using an automated than all of us would be part of the millionaire club. It is their advice that we should stay away from this scam at all costs. They further validate their argument with claims such as if what Daily pips claims is considered to be the truth, then even the most naïve people would have had made enormous amount of money and the experts on the forex trade would have become unemployed. Which so far has not been that case.
Therefore, there are reviews like this as well. But if you ask about my opinion, I would say that there is no harm done in trying the Daily pips Machine.
I hope this review has cleared all your doubts regarding how to trade the forex market using the daily pips machine. In case you have any further doubts, feel free to comment below in the given comment section.