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SupremeCommerce Blog

 

Created by the owner and business coach of SupremeCommerce dropship training and digital ad education, this blog is all things home-based business, dropshipping and online marketing. Resources for entrepreneurs in any field. 

Why 90% Of Day Traders FAIL | The Best Forex Trade Strategy And Proper Lot Sizes

 

There are many strategies when it comes to day trading. The best plan of action for forex trading is a combination strategy. You shouldn't be relying on just indicators alone, but following 3 market phrases as your base, and using indicators to help confirm your entries. 

Proper Lot Sizes can be controversial, depending what trader you ask because if you open LOTS of trades per week, you want smaller lots. 1-2 trades a week means you can use slightly larger lot sizes with the same account size. No matter your strategy you shouldn't go very far beyond the spectrum that is showed in this video.

Check out more videos here:

https://www.youtube.com/channel/UCvcTjXZG23ma1ydrByh0zjw

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Forex PIPs and Common Currency Pairs

Forex PIPs and Common Currency Pairs

Another day, another dollar. Let’s learn a bit more about PIPs and pairs. The most common currency trading are as follows: USD (U.S. dollar), JPY (Japanese Yen), GPB (Great British Pound), CAD (Canadian dollar), and EUR (Euro). Before we get ahead of ourselves, let’s talk about PIPs and what it is.

 

A PIP is an abbreviation for price interest point. PIP is a measurement tool that is used within currency pairs which correlates to the smallest price movement made by any change of the currency exchange rate. Most currency pairs, except JPY, are quoted to the fourth decimal position or one-hundredth of one percent. This means that smallest change in the currency pair would be the last figure. JPY denominated currency pairs are quoted to the second decimal position. A one PIP difference can equate to a consequential profit or loss, even though it is a small measurement unit. As an example, if we entered a trade for EUR/USD and we...

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Foundational Wealth vs Generational Wealth Building

 

Foundational Wealth vs Generational Wealth Building

Building a foundation is the most important thing when it comes to longterm sustainability and wealth generation. What about 3 years from now? What about 5 years from now? What about 10+ years from now?

This is where generational wealth comes into play. Without looking 5+ years into the future, how will you forecast having any wealth beyond that point?

This vlog above explains it all to you. Make sure not to skip through it :)

Want to learn more from Kevin about wealth building with eCommerce online business and day trading? 

Check out his YouTube channel here: 

https://www.youtube.com/channel/UCvcTjXZG23ma1ydrByh0zjw

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Tips For Starting With Forex And Day Trading

Tips for Beginning with Forex

 

As some of you may heard, big things are coming to our platform - or already here (May 1st, 2020!)

SupremeCommerce Training has entered the world of Forex to bring you another pillar for your foundational wealth building.

 

If you are looking into earning extra income, we highly recommend for you to start building your foundation for wealth with an eCommerce business, such as Amazon or Shopify. With an eCommerce business you can start earning quickly in short-term, whereas, with Forex, though you can earn short-term, it is more of a long-term earning process.

 

However, if you are 100% sure you want to start with Forex, then here are some tips for you:

 

  • Do not put your entire savings into it; start off with $300+ - the more the better, as long as it is funds you can afford to risk.
  • If you are a beginner or just starting off, start with a broker such as my favorite:  LQDFX or Hugosway, and a demo account on MT4 for about...
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