How to Trade with CandlePRO

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Welcome to CandlePRO!

CP is one of the most advanced, most tested trading strategies available today - to retailers and big players both.

All of PipHut's trading tools are designed with the KISS (Keep It Simple Stupid!) strategy - we don't like loading down our charts and our decision making process with dozens of indicators, or trying to guess how the market will react to the same piece of news it reacted to last week.

While CP can be used as a KISS strategy, sometimes newcomers can feel overwhelmed by all the options and data available to them. While this data (backtesting, median profit, average loss, S/R charts, etc) may be instantly important to you if you are a somewhat seasoned trader, for you beginners you will want to ease yourself into the advanced stuff.

Enter this guide.

The purpose of this guide is to walk the new user through some easy and profitable strategies that can be used right away - even if you are new to forex. We include many examples and try to be as clear as we can, but if you still have any questions simply type them into the bottom of any page where it says "Have a question? Ask it below". Your questions will be available to other members so that you can learn from other's questions and vice-versa. These pages are NOT intended to be the exhaustive user guide of everything CandlePRO can do. Lucky for you we've built that into the system in the form of help bubbles, available to you at every turn if you want them:

Whether you realize it or not, you always trade with a strategy. For beginners that strategy is often "swinging in the dark", or maybe you read a few websites with so-called "experts" offering some strategy of the day. None of those strategies are based on historical evidence, meaning that even if they do work for a short period of time they most likely will not work beyond a few weeks.

Here are some time-tested strategies that you can quickly get started with using CandlePRO:

Using CandlePRO
  1. Trend Trading
  2. Pullback Strategy
  3. S/R Strategy
  4. More CandlePRO Strategies

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LEGAL DISCLAIMER AND RISK WARNING

Foreign currency exchange trading is highly speculative and is suitable only for those who (a) understand and are willing to assume the risks involved, and (b) are financially able to assume significant economic losses. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Trading on margin can amplify both gains and losses in your account. Before deciding to trade foreign currencies, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading and seek advice from an independent financial advisor if you have any doubts.

All contents or information displayed or contained on Piphut.com are based on a number of assumptions which may not be fully disclosed or explained. Hypothetical trading or performance has many inherent limitations, including the benefit of hindsight and the fact hypothetical trading or performance involves no economic risk. Variables such as the ability to adhere to a particular trading program despite trading losses and maintaining adequate liquidity are material considerations that can adversely affect actual trading results. No representation or warranty is being made or given that any account will or is likely to achieve profits or losses similar to those displayed on Piphut.com. There are frequently substantial differences between hypothetical performance and the actual performance subsequently achieved by a trading program. You must exercise independent judgment when making investment or trading decisions. Past performance is not indicative of future results. Please read the User Agreement and Risk Disclosure Statement for more information.