Forex Life With Sherman Choo
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x2
ROI Per Annum
1000
pip targets
11+
Years
experience
As a Forex Expert, I am a highly skilled and experienced individual in the world of foreign exchange trading. With a deep passion for financial markets and a strong commitment to continuous learning, I have dedicated years of my life to honing my expertise in Forex trading strategies, analysis, and risk management.
Forex Swing Strategies
Swing traders hold positions for several days or weeks, capitalizing on short- to medium-term price swings within a trend. They rely on technical analysis to identify entry and exit points.
Market Bias Analysis
To determine the general trend in Forex, look at higher time frames. Higher time frames provide a clearer picture of the market direction, filtering out noise and short-term fluctuations. Analyzing daily, weekly, or monthly charts can reveal the prevailing long-term trend, helping traders make informed decisions.
Entry Timing
Entry timing in Forex trading refers to the precise moment when a trader enters a position. It involves analyzing market conditions, using technical and fundamental indicators to identify optimal entry points that offer favorable risk-reward ratios. A well-timed entry enhances the potential for profitable trades.
Risk Management
Risk management in Forex involves strategies to protect capital and minimize potential losses. It includes setting appropriate position sizes, using stop-loss orders, and adhering to risk limits. Traders must control risks to preserve long-term profitability and survive in the volatile Forex market.
My 1000pip Forecasts
Sherman Forecasts
Trader / Investor Mindset
My forecasts aim for 1000pip targets featuring careful timing of entries and allowing trades to run.
Sherman Entries
Reaction / Breakout
Reaction Entry: Since reaction entries occur after a price reversal from a significant support or resistance level, the trader may have more confidence in the potential direction of the market. As a result, they can opt for a larger lot size, as the reversal level provides a clear reference point for placing a stop-loss order to limit potential losses.
Breakout Entry: Breakout entries involve entering a position after the price breaks above a resistance level or below a support level. Breakouts can be more volatile and less predictable compared to reaction entries. Therefore, traders tend to use a smaller lot size for breakout entries to manage risk effectively. Smaller lot sizes help limit potential losses in case the breakout turns out to be false or leads to a significant retracement.
What my clients say
Check out my clients’ reviews to see what they have to say about my work.
“Does what he shares…”
Sherman explains his concepts with great detail. You can clearly see in his work he not just shares what he does, he does what he shares. Highly recommended.
Eric, Singapore
Trader 4 years+, Python Expert
“Sherman’s Timing Concepts…”
Sherman’s timing concepts can yield million-dollar profits. Minor adjustments across multiple trades can significantly impact overall profitability!
Anthony, UK
5 Years+ Trader
“11+years Technical Analysis…”
Sherman’s 11+years technical analysis experience extends beyond a single method. His diverse expertise covers Forex, Indices, Crypto, and Commodities, enabling him to tackle a wide range of instruments with timing and long term gains.
Jan Lau, Singapore
Investor
“Mindset Changed…”
The difference between small and big accounts. At higher fund levels, capital preservation takes precedence over aggressive growth. Avoiding a 30% drawdown on a million-dollar account for a 2-million gain is essential. With a $1000 account, forget about 2% rule, even higher risk tolerance of 10% is permissible. Mindset forever changed.
Aron, Michigan
Data Scientist
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2024 Ranked Top 3% (97th Percentile…
2024 Trading Competition, 78243 Participants, Ranked Top 3% (97th Percentile), Check it out
Let’s get in touch!
sherman@shermanchoo.com
Contact me and provide details about your inquiry. I will get back to you soon.