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Laurentiu Damir
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50 Pips A Day Forex Strategy Paperback – August 12, 2017

by Laurentiu Damir (Author)
4.2 4.2 out of 5 stars 2,257 ratings
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50 Pips A Day Forex StrategyStart making consistent profits in the forex market.This is a very clear and simple to follow forex trading strategy to get you started achieving consistent profits day after day trading the forex market. It will make you 50 pips per day or more every day. It is ideal for beginner traders but it will give a great deal of help to more experienced traders that have not found a clear strategy to make profits consistenly.ComponentsSupport and ResistanceCandlesticksMoving AverageTime frame - 4 hours chartIt is easy to understand and to put in practice.It has very well defined entry, stop loss and exit levels. Apart from the strategy, this book also contains a very useful guide that teaches you how to construct a profitable forex trading system for yourself and how to avoid trading and money management mistakes.How to Build a Solid Trading SystemAre you new to forex trading or just started to trade on a live account but with not much success ?You need a solid forex trading system based on sound principles of the forex market, that has clear trading and money management rules. Do you have a forex trading system and you have been trading with it for a period of time but still you don't have the success you hoped for ?This can only mean that your trading system does not take into account the basic trading rules and principles that any powerful forex trading system incorporates.This book teaches you how to construct your own powerful forex trading system, what are the most important forex trading tools that you must include in it, what not to include in your forex trading system, how to apply solid money management rules and equaly important, how to avoid making trading mistakes that will cost you when you start to trade with your newly developed forex system.
Previous page
  1. Print length
    60 pages
  2. Language
    English
  3. Publication date
    August 12, 2017
  4. Dimensions
    6 x 0.14 x 9 inches
  5. ISBN-10
    1522086587
  6. ISBN-13
    978-1522086581
  7. See all details
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Product details

  • Publisher ‏ : ‎ Independently published (August 12, 2017)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 60 pages
  • ISBN-10 ‏ : ‎ 1522086587
  • ISBN-13 ‏ : ‎ 978-1522086581
  • Item Weight ‏ : ‎ 2.31 pounds
  • Dimensions ‏ : ‎ 6 x 0.14 x 9 inches
  • Customer Reviews:
    4.2 4.2 out of 5 stars 2,257 ratings

About the author

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Laurentiu Damir

Laurentiu Damir

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Hi, my name is Laurentiu Damir, I am a 37 year old who has been trading for a living for some time now. I picked up the hobby of trading 14 years ago. As the years were passing I became completely dependent. Back in 2012, I had the idea to write short eBooks containing trading strategies for the foreign exchange market. Since then, they have proven to be quite successful. From my interaction with readers, the overall consensus has been that "Trade the Price Action" is the most appreciated and valued. It is always a good felling getting feedback from readers saying that they have found value in the contents of my books. My trading style is more to that of a price action swing trader. I have learned over the years to have patience and wait for the best trading opportunities the market provides.

Instagram profile : instagram.com/laurentiudamir

Customer reviews

4.2 out of 5 stars
4.2 out of 5
2,257 global ratings

Top reviews from the United States

J. Ward
5.0 out of 5 stars A must read for any trader!
Reviewed in the United States on September 24, 2016
Verified Purchase
Wow, do not discount this book because it is free!

I'm a successful futures/commodities trader, trying to get better at Forex. This book is brilliant. Trust me.

This book targets beginners to intermediate traders. You should be somewhat familiar with charts and candlesticks but don't need to know any of the standard "Japanese Candlestick Strategies". Just know how to read the chart. I imagine most people trading Forex will be advanced enough to read this book without any problem.

This book gives a super boring strategy! This is good. If you want action and excitement, trading is not for you. The advice in the first half of the book before the actual "50 pips a day strategy" is worth hundreds of dollars and applies to any strategy you employ. Based on the writing, I think the author would agree that your strategy is irrelevant. Almost anything can work. Sound risk management is key. Patience is key. Waiting for your ideal setup is key. Don't just jump in because you are bored or impatient. The author really stresses this and it is what makes this book SO good.

It's short and easy to read. I'd recommend reading it straight through, and then trying to find some setups that match. Trade the strategy a bit. It stressed 4H charts. That means each bar represents 4 hours! These trades are LONG. You have to wait a long time! It may not be clear at first. After trying it out a bit, risking little, re-read at least the first section and ask yourself very deliberately and honestly whether you are following the advice on entries and risk management. That may be your problem if you aren't. It could take weeks before a good entry materializes and weeks longer before your exit points. Oh well. That's how it works. This is a good thing. I know a lot of people won't see it that way. Quick money is the way to lose money.

Overall, yes, it's fairly simple. Yes, it's a slow strategy. It is very good though. I recommend it for those even uninterested in the strategy just to get the excellent advice in the first half.
3 people found this helpful
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WarpedMind
4.0 out of 5 stars A great start for intermediate beginners
Reviewed in the United States on April 20, 2024
Verified Purchase
I just finished this book. It was a pretty good and straightforward read.

I believe this book is great for intermediate beginners. What I mean by that is a beginner who has been trading a little bit and is familiar with basic concepts but still trying to figure out the discipline and strategic part.

Overall, Laurentiu has provided a good swing strategy that should produce decent results consistently… IF you stick to the rules. For someone like me who is used to scalping, this will honestly be a little challenge. However, the 4h and duly is where the real profit with less risk is at.

Some constructive feedback… I would have loved to have seen some more regarding money management. My problem with swings traditionally has been the much bigger stops needed to account for 4h and larger timeframes. I also would have loved to have seen more trade examples. I still feel like I don’t quite have a full understanding of all aspects of his strategy… but I suppose that I’ll change when I re-read it (I think it will be worth the second effort) and practice what I’ve learned. Regardless, this is a solid book with a solid strategy.

I’ve seen some reviews attack his English and grammar skills. All I can say is that I wish I could know a second language with half the command that he has. It does require an occasional re-reading here and there, but honestly it’s not that bad at all.

If I could have another opportunity to purchase this book or not, I most certainly would. I look forward to the other books.
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Jason Hutchinson
5.0 out of 5 stars Outstanding reference for all traders…
Reviewed in the United States on October 14, 2021
Verified Purchase
I’ve been trading FX for 8 years now and have read many books on the subject, mostly on technical aspects of trading. Laurent’s books are hands down the best, most concise, clearly laid out, regardless of what level trader you may be. His methods are an excellent way to sharpen your skill set, and further dial any existing strategies. If you are just starting out, I would say, listen closely and pay keen attention to what Laurent is saying. He’s right on it and this will absolutely enhance your trading capabilities far more quickly than figuring it out on your own or listening to all the chatter online.
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Eliel John J Malabar
5.0 out of 5 stars The Best
Reviewed in the United States on December 31, 2016
Verified Purchase
Hi Sir Damir,

I am new to forex trading and have been learning the past 2 months - reading books, looking at charts, listening to trading podcasts (I hope Chat with Traders would interview you someday) and youtube, doing the demo accounts, etc. Though I could say that have learned so much in the past couple of months, I could say I've learned so much more the past few days reading your books.

I stumbled on your "50 Pips a Day" strategy kindle book and found it to be very logical. So I bought your books one by one and read it, until I ended up buying and reading all of it in a span of 3 days. Each time I read a book, I discover something new and not just a concept  but the whole strategy itself.

I've heard one trader from a podcast who once said "there is always something happening in the market", and in deed it is true. But the thing is most do not know how to take advantage of what is happening. With all those strategies at my disposal, I think I could trade at all types of market (trending or ranging) and at high and low time frames and approach it at different angles.

I'm currently in the process of back testing the strategies this week.

Thank you!!!! Happy New Year!!!!

To get the most out of this brilliant author though, you should buy all the other strategies. You might find this particular book too long to trade since it is in the higher time frame and might conclude not to take time to check out the other books, but I would say by doing that your missing out. He also has other strategies that pertains to day trading and uses lower time frames.
6 people found this helpful
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Top reviews from other countries

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Patita Paban Bera
5.0 out of 5 stars Very good and informative for free
Reviewed in India on July 11, 2022
Verified Purchase
Very good book for new trader who have no knowledge about trading...I loved it...thanks you master...you made my trading beautiful
One person found this helpful
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PhilipMarlow
5.0 out of 5 stars Good content, straight to the point.
Reviewed in Italy on March 26, 2021
Verified Purchase
Eng:

It's good content, practical, no mystical bull****, no repetitions. That's 60 pages I beleive, but I'm ok with it cause payed 1€.
It contains mentions to his other books, but again I'm ok with it, because the author seems to write good content. Now I've just started reading his "Price action breakdown", and it seems good, I'm appreciating his explanation of lateral market phases, or fair value phases. I really appreciate his explanations; because in other authors' books I got annoyed with reading hundreds of pages of market conspiracy theories, repetions and lack of real juice.

Ita:
60 pagine di succo, come dicono gli anglofoni. L'autore va dritto al punto, consigli pratici, ed una strategia pratica. Ho comprato anche l'altro "Price action breakdown". L'ho appena inziato e le spiegazioni sulle fasi laterali di mercato sono ottime, a differenza di altri libri dove non ho fatto altro che leggere interpretazioni mistiche e cospirazioniste ripetute per centinaia di pagine come in quei libri motivazionali nauseanti che ripetono, ripetono, ripetono: ecco qui no, l'autore è chiaro, conciso, e spiega esattamente cosa fare e cosa sta accadendo e perché.

Questo dei 50pip l'ho pagato 1€ e mi va bene. Quello del "Price action breakdown", l'ho pagato a prezzo pieno, mi pare sono 150 pagine o più, ma le premesse sono ottime; poi le poche pagine non devono scoraggiare l'acquisto: meglio concisi che ripetitivi.
One person found this helpful
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Rafael H Longaresi
5.0 out of 5 stars Very good.
Reviewed in Brazil on January 4, 2019
Verified Purchase
A good introductory book for whom know tecnical analysis but never traded in the Forex. This was my second book from Laurentiu Damir. His strategies are basics and it really works!
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Helio Omar
5.0 out of 5 stars Excelente contenido
Reviewed in Mexico on November 9, 2018
Verified Purchase
El libro es muy legible a pesar de los tecnicismos, obviamente no es para principiantes pero el autor lo lleva de tal manera que si vas comenzando en trading puedas obtener conocimiento valioso, es simple explica la estrategia al punto y con gráficos legibles, en lo personal la estrategia que expone la considero muy buena y sin lugar a duda leeré mas de este autor.
One person found this helpful
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oriol lazaro
5.0 out of 5 stars Excelente
Reviewed in Spain on August 21, 2018
Verified Purchase
De los mejores libros que he leído sobre Forex. No muy extenso, pero con información 100% muy útil. Muy recomendable.
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