You can download the 10 Essential Tips for becoming a better Double in a Day trader from this link:-
10 Essential Tips for becoming a better DOUBLE your account in a DAY Trader
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Extract from the Pdf
I hope you enjoy the 10 DIAD Forex trading tips below. These have been developed from supporting the “Double in a Day” EA in forums and emails and discussions with competent DIAD traders. Very few traders seem to pay attention to all 10 the tips. I hope this will supply a checklist or list of ideas that you can evaluate your own trading against no matter which Forex trading techniques you like using. This will further be developed into an Udemy Video Course and I will greatly appreciate and comments, questions and suggestions after you have completed the course. Also if there are any successful Forex traders that think I have missed an important Double in a Day tips please let me know. You can submit your comments to this link:-
http://www.doubleinadayforex.com/10-tips-for-trading-the-diad-forex-technique/
Introduction
The Double in a Day technique refers to a trader catching a market move that allows the trader to add to the trading position (top up with more lots) on a risk free basis (No loss after the first top up) a number of times (up to 3 times) so that a small risk such as 5% can turn into a gain of +100% (many 200% gains have been recorded).
Our Double in a Day EA automates the top up process for you. Because it is a trading tool you need to provide the entries for these trades and they are not automated. We have worked out which entries provide the best chance of success- see more information in the tips below.
Below is an example of a SELL trade using a 110 pip trend to double the account balance by “topping up” 3 times. So the biggest challenge is to find market conditions where fast moves in one direction are likely to occur. We call these moves long candle moves. Sometimes the moves can be slow such as in the above trade.
How it works:
1. You enter a deal with a specific loss and target according to the strategy selected. If you stop is hit this is the most you can lose.
2. As the deal progresses more deals are added (Topping up) and the stops are moved to a break-even level. You cannot lose anything from the first top up.
3. All the deals have the same target so when they reach the target the gains are multiplied so much that +100% gains can be achieved.
This PDF
This PDF provides some tips on how you can stand the best chance of catching a Double in a Day Trade and stack the trading odds in your favour. Successful traders apply ALL these methods so do not neglect or disregard any. You need to become expert at all of the steps – some find it hard but it is worth it.
1. Use volatile currencies
2. Trade at volatile times of the time of Day
3. Use none lagging Forex trading techniques
4. Use volatility breakout techniques
5. Trade during volatile days of the week
6. Analyse history 7. Design your own DIAD strategies
8. Don’t rely on luck – do YOUR homework and maximise your chances of success
9. Get YOUR trading psychology right
10. Consider alternative Top up and trend approaches
OK So let’s start the process towards successful Double in a Day trading:-