How it works
The FFXMV Dashboard is one of the simplest system to understand and to use. It takes just a few steps and you are ready to open profitable trades on higher probabilities.
Every aspect that needs to be studied and strictly analyzed before considering a trade, such as Price action, candles, trends, support and resistance levels etc have been taken care of by FFXMV Dashboard.
1. You need to wait for a stable trade signals with 5-Star rated probability from the FFXMV Dashboard. After then, switch to the window chart of each of the pairs concerned one after the other and carry out a few steps as mentioned below:
2. Check if the currency pair with trade signal features in the FOREX NEWS for that day, if it does, then, don't consider such currency pair for a trade, at least, until the news is over by 30 minutes or an hour IF YOU MUST TRADE SUCH PAIR! If after the NEWS, you are still getting persistent trade signals from FFXMV Dashboard, you can open a trade on such currency pair.
3. Consider Major Support and Resistance levels (on the higher time-frames such as D1, WK & MN) on any currency pair you received trade signal about and the position of the price between the two levels. If the price is approaching or, at any of these levels, beware, don't jump into the market, let the price break above the resistance level in the case of buying while in the case of selling, let the price break below the support level. Also in the case of downward trends, if the price bounced off and reversed back down from resistance level, it is most likely a sign of good sell trade if the trade signal you received is SELL and if the price bounced off and reversed back up from support level in case of BUY trade signal (in upward trends) from FFXMV Dashboard, then you are good to go, move to the next step...
4. Entry: To be successful, accurate entry matters a lot to any forex trader whether you are a professional, intermediate or new trader. You may get the right trend direction but wrong entry will make you lose that trade! Once you have gotten the step 2 right, then, enter the trade without wasting any time. For the experienced traders, you know where to place both your profit target (TP) and stoploss (SL) but for those who are not experienced or confused, there is a SUGGESTED TRADE POINTS tab on FFXMV Dashboard which gives the point at where to enter (mostly, enter at current price except if you are using pending orders), place your profit target and stoploss. The total pips at least, for each trade signal is 20, 50, 100 pips or more for the profit target and 20, 50 or 100 pips for the risk also. Do not let your stoploss be more than your profit target. At worse, it must be Risk Reward Ratio 1 : 1 or more but should not be less.
5.
Trade managements: You need to manage your opened trades very well, like applying stoploss reductions, breakeven - when the price has moved in your favor to turn such trade to a rick-free trade. Trailing the price with your stoploss is also there but if you are not well experienced, this may cut you off the market and denie you of being a part of a great move in your direction. Therefore, only trail if you can manage it well, it is not compulstory.
***Note: If you are using only FFXMV Dashboards trading system as highlighted above. Do not trade IF there are no trade signals from the Dashboard. Sometimes there may not be any viable trade signals from the market for days, do not be bothered and don't force a trade! Not trading is part of trading, at least, your money will be there and it is better than losing it.
Lastly, if there are no stable trading signals, wait until it is stable, don't rush to trade! Follow every step explained up there religiously with self-discipline. That is all!