Maria’s note: We’ve written to you this week from special guest and Nomi’s colleague, Imre Gams.
He’s an analyst and expert in currency trading. And last year, Imre joined forces with master trader and Inside Wall Street regular, Jeff Clark. They’ve been sharing a new trading breakthrough with a small group of beta testers. And the results have been incredible…
As a reminder, of the 21 trades Imre has recommended, 20 have been winners. That’s a 95% win rate. And it has given beta testers the chance to make $1,694 in a day… $2,239 in 6 days… and $3,560 in 9 days.
And they were all achieved through one overlooked area of the market: currency trading.
Tonight, at 8 p.m. ET, Imre is hosting a special briefing along with Jeff Clark, where they will go over more details on how to get in this special space and hedge your portfolio against stock market losses.
Reserve your spot for free here, then read on for Imre’s three-step risk process…
By Imre Gams, Analyst, Market Minute
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20 out of 21 winning trades…
Since I launched my Currency Trader advisory last October, I’ve had only one losing trade out of the 21 I’ve recommended.
It’s part of the reason it’s become one of the most successful launches of a new advisory for my publisher – ever.
And it’s not because I have a crystal ball.
Sure, I’ve spent thousands of hours learning about trading setups that stack in my favor.
More importantly, I’ve developed a ruthless attitude to something many traders and investors couldn’t care less about – managing risk.
But that’s why most traders fail.
That’s a shame. Because I can pretty much guarantee that if you focus on the same things I do (including that ruthless attitude in relation to risk), it will greatly increase your odds of being a consistently successful trader…
Cracking the Code
Don’t get me wrong…
Learning how to read a chart is a crucial skill. It’s also important to have a big-picture view of the market.
But managing your risk is way more important. It’s what lets you fight another day if a trade goes against you.
And believe me, trades will always go against you.
Since launching the beta phase of Currency Trader last October, I’ve scored a win rate of 95%.
Nobody – and I mean nobody – can maintain that kind of win rate forever.
That’s why risk management is key.
Let me show you how it works. We’ll use the example of the U.S. dollar and Canadian dollar (USD/CAD) pair trade that I recommended last year.
Jeff Clark Alliance members got my buy alert to their inboxes on October 5.
And they got my sell alert on October 11, just six days later.
Depending on account size, those gains were worth anywhere from a few hundred dollars to $3,450.
But a lot happened in between in terms of risk management. Let me show you…
Three-Step Process
I follow the same three-step risk management process with every trade I recommend.
Step No. 1 – Reduce Risk
As a trade develops favorably, I’ll look for opportunities to reduce risk. This involves raising the stop loss for the trade.
A stop loss automatically kicks you out of a trade if it drops by a certain amount. So by raising the stop loss, you’re reducing your downside risk.
Step 2 – Take a “Free Ride”
As the trade becomes even more profitable, I aim to remove the risk of a loss altogether.
In simple terms, I’ll move my stop loss to my initial entry point. That way, if the trade moves against me, my subscribers get out where we got in and avoid taking a loss.
That’s why I call this a Free Ride. This trade is now all upside. There’s no downside risk anymore.
Step 3 – Protect Open Profits
After there’s no more risk – and the trade becomes a Free Ride – I shift my focus to maximizing profits.
I’ll continue to take partial profits to lock them in. And I’ll let the remainder run to capture the maximum gains.
I followed these steps on my USD/CAD trade. In one day, I was able to eliminate all risk on the trade by recommending my readers take a “Free Ride.”
Sure, the trade setup I spotted went my way.
But it was my risk management strategy that allowed my readers to walk away with as much as $3,450 in less than six days on the trade.
Happy trading,
Imre Gams
Analyst, Market Minute
P.S. If you haven’t already, please go here to register for my special briefing with one click…
Tonight, master trader Jeff Clark and I are going to be sharing the full results of a beta test that banked us a 448% return in just 76 days. Over 1,200 people have tested this strategy and are now on track to make a 2,248% return over 2023…
If you’re seeking a strategy to make consistent profits – and with a low capital requirement – you’ll want to join us tonight at 8 p.m. ET, where you’ll receive the next recommendation for free. You don’t want to miss out.