Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program.
One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real tradingresults.”
Trading with the trend is the lowest risk, highest probability trade.
Fibonacci Retracements measure the 38.2%, 50%, and 61.8% of the previous swing. In this example the market shot up about 25 pips and the
FX Multimap was very strong (over 20). You normally want to trade with the new uptrend on the first pullback. Professional traders always say "The first pullback is the best pullback".
Where to get in?
We usually recommend the 50% or 61.8% retracement. In this case you would have bought at 1.3545 (50%) and you can see the Fibonacci Profit Targets are excellent places to take profit.
Where to get out?
At the 1.382 Fib Target you would have made 35 pips.
At the 1.618 Fib Target you would have made 45 pips.
Please view our Hypothetical Results Disclosure and LeverageFX Disclosures
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