5 Things I Wish I Had Known When I Started Trading Forex 🖐️
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I'm really impressed by your amazing trading skills, it's been sucess always since I started trading under your management and I appreciate that a lot and also having you as my account manager.
Thank you!
Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise
I just started forex this week and I have withdrew 20k I'm grateful
Great
Best Advice – There is no successful indicator, only good risk/reward management.
Things are getting better now.
well. after 10 years of trading FX i have my own invented trading strategy that manually back tested over 26 years, and i am applying it now on demo account. And after 7 months the results are magnificent. so my point is you will be always making money if you have a perfect strategy combined with strict money management Technic. you can check it her http://www.myfxbook.com/members/I_ProfitFX/i-profit-fx-2/3518740. good luck every one
I thank God for my life now for the changing of things around FX trading is very good and a good place to invest.
Nice one, really like the video.
You just have to know that as a beginner you need to be patient but focused.
Awesome lesson thankyou
Sorry, how I can use, iam not understand
90% of online traders lose 90% of their capital in the first 90 days. You need to invest some serious time in learning how these markets work, setting up a risk policy & limits to which you absolutely must adhere. As for options, really understand the drivers that affect the price: underlying assets prices, volatility, interest rates, maturity and, if relevant, dividend yields. If you just want to make money off an underlying, go to Vegas, have fun and out your money on red or black! This is basically binary options.
I thought this was specifically about Forex trading.
I think that was a good ideas I like to make a go of it
cool advice thx alot ! what do you guys sugest for a beginner how havent done ONE trade ? I started to inform myself with one specific chanel but im not sure when to REALY start ! shall i do alot of training on software or just start trading with a very amount of money ? im looking for forex or penny stock
how can i?
Back testing your strategy,after you find out the results trade it for a while on a demo than start with small risk IE small money
What do you do about taxes?
Meaningless advices in practice, like saying 'take care'
6. Patience is vital. Buying and Selling Mentalities are very different (greed vs fear). The market is not symmetrical in behavior, so try to avoid buying BIG at the top of a long Bullish run and selling BIG near the bottom of a Bearish run, because you will often be in a large losing position, before you have time to do anything about it. Wait for your entry signal and if it doesn't come, don't sweat it, regardless of any feelings that you may have missed out. There will always be another opportunity! Losing due to impatience is the #1 pitfall of most day traders.
i started wforex with practice account in 2014..then i lost money in practice account..then went back to basics ,,did lot of researc..please dont invest in forex Unless u learn the basics first and start with minimum.thats what i did and in the begining i lost like 85 % of my money…was disappointed …then i started making money seriously like $ 1 a day…in six months made it back to my basic investment…was slow in begining six months,,then i start making like between $2 a day to$ 10 a day for next 6 months…remember i was still having loosing sessions
after almost 1 yr i was making an average of 20 a day to like $30 a day..just a reminder never quit my day job…
after 2 rs iwas making between like average $50 a day…its not that easy like people selling courses say…oh ull make so much money….
the thing that worked for me was invest and stop loss at 50 percent and stop gain 50 percent…take breather…it worked for me may be not for u…please be honest for one time…and when i made profit i took 25 percent out put in my bank so my bills paid,,,walk like turtle…and trade like turtle…slow and steady
after 4 yrs i quit my job as i was making almost $200 a day….still having loosing sessions ..i dont care as soona s im winning 80 percent of time ,,,im fine personally…as i dont want to be greedy and loose it all back…bow in 2019…im making like close to 400 a day…still loosing sessions,,,as i only need for my bills like 2000 a month…sorry i live very basic…and frugal…still save 25 percent and never touch it out of my gains…i have some friends who traded like bull…they made money like bulls,,,then fell down like bull…could never got back up,,,their ego ate them up…so no ego involvement in trading is my rule…my goal is that in 2020 if i can make average of 500 to 600 dollars a day…as i am donating to couple of charities (local) like 50 dollars a day now…any ??????
Brilliant advice. Taking notes and will apply them. Grateful!
great advice, im pretty new to the game and am still learning on demo and going alright partly due to the high demo balance and not getting closed out of trades.
so was wondering if anyone knows of a demo platform that the balance can be changed? 100k balance is not realistic for me, I am more likely to start with a 1-5K balance, then it would be interesting to see if my trades would get closed out
forex is simply all about buying and selling of currencies and commodities which you buy at a given price and wait for it to rise and then you sell to make good profit example: let’s say you buy Euro At a lower price of $20,000 at a rate of 1.0 and if it rises to a rate of 4.0 or 4.1 your profit will be high at the rate of 4.0 which your profit will be $20,000x 4 = $80,000 in one trade it doesn’t mean you can’t invest lower that such amount but this is an explanation of what it’s all about and how much profit you will make
Informative and spot on. Thank you for sharing.
thank you
Excellent advice. I will just add focus on a series of trades not an individual trade.
Forex trading has been a financial aid to many people, were the rich get richer and the poor get poorer but trading on the good platform have been helpful to me
Thankyou so much. Pls can you be my forex mentor?
I use a demo account to cross test strategy and techniques before engaging the FX market as it's a fierce and competitive one.
I use my demo account to test different strategies and tactics before I engage a live trade.
thank you for making this video.
very nice video
One of the best vids. Excellent job, all the best!
it must hv been cold in this room lmao
Can anyone recommend me a mentor?
My best advice is , you doing it wrong when you invest more money in indicators than your trading account haha!
Once you become successful you will realize how worthless a indicator are! stay away from binary options is my best advice and know and be prepared that its going to take you a while (months to years) to learn and develop a successful strategy don't invest real money until then.. suppress the urge until you proven yourself being successful . Good luck you don't know what you let yourself in to lol
It’s my first time
Where should I start from ?bitcoins/stock
Websites?
Apps??
Thanks in advance
Thank you. I've started selling trading business. This will help me. You're are heaven sent!!!! South Africa was here…