#complete beginner

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We did spins at the end of our straps workshop today! The lil tails actually help cue when you’re not directly in the center of the spin, and it’s much harder to control than it looks. Straps in general is way harder than it looks! I’m being instructed by Thomas Mangin, of Cirque du Soleil’s The Beatles LOVE in Las Vegas. Was an absolute honor and pleasure to work with him!!!

I welcome this fear which is all about forex trading for beginners what I want to do in this video is dispel the myths about forex trading give you the real thanks for trading success that you need to know now I'm actually kicked off the video with some girls playing football on a beach which may have been used a few people but I've done it for a reason I want to contrast what they're doing in the moment with what forex traders do in the markets and now if we take the forex market where is the biggest myth about it let me know Smith about it in my view which most beginners fail to understand is that it isn't a scientific arena now you see a lot of people saying it is on the net you'll see lots of people saying they found the hidden code there's hidden order etc and you can just get a trading system with automatic trading signals pile up huge profits and and basically have very little drawdown and you hear a lot of this on the net all this science and complexity nonsense however forex markets are very very simple so let's take the girls on the beach okay what are they doing the thing that simple game football but how do they plan the game they're basically looking at your position thinking and reacting now let's take forex if you look at forex it's a game between humans it's a competition and we're all trying to take money from each other and what you have to do in the forex markets is look at what is happening with the price what other traders are doing think and react to it no you're not going to basically be making the same moves every time you'll be using skills which are consistent but you'll be trading each chart set up slightly differently depending on how you've said it's a bit like the girls on the beach there the skills are very simple but if the game was played twice it would be played slightly differently because the opposition are moving slightly differently it is the same in forex markets and traders continue you want to complicate forex trading but it is very simple you're dealing with humans it's not a scientific rina is just a game of odds when you trade so you're looking for hiles trades with your strategy you're gonna have losers and you just have to keep them small now let's go to the complexity myth the complexity nifty is basically where you read you know that the more complicated trading system is the better the more knowledge you have the better this isn't true at all and it's borne out by the facts 90% of traders always lose money they always have so you know any advances in technology computers etc makes no difference to the ratio that went on the ratio that leaves it's a consistent ratio only 10% of people with so why do they win these 10% why the 90% always lays this rooted in human psychology and unless you can actually get the right psychology in forex trading you will lose money let's take the the fact that you only need a simple trading system anyone can do that anyone can learn simple trading system based upon charts for example but you need to execute that strategy for long term trading success and that involves discipline so what I mean by discipline we actually have to have the discipline to keep your losses small and run your winning trades okay most traders cannot do this and why can't they do it because their egos get involved they can't take a small loss yeah they want to hold on to it hope it turns around they're following other traders they don't have the confidence to follow the system yeah if you look at the ratio of winners to losers in forex trading it's exactly the same it's the ratio of people who fail on a diet now let's face it anyone can follow a diet if they want to but 90% of people who follow a diet why because they don't have the discipline to do it and I think anyone who comes into forex trading who's serious about making money just needs to learn a simple trading system okay and then work on trading discipline you can get the right mindset if you want to um in terms of trading discipline no reason traders cannot do it at most of the time because they don't have confidence in their strategy so make sure you don't follow others learn well and also they want to win the majority of their trades well in forex trading even the best traders probably only went around half of their trades they're spending half the time you know losing and yet to taking small doses if you understand that you know taking small losses is the route to long-term success you can become a winner of forex trading the ratio winners the losers in terms of your trading signals makes no difference to your profitability so long as your profits are bigger now my own view is and it's actually backed up by the facts forex trading is very simple okay and the real key to success is actually your psychology you choose the right mindset you can become a winner and you know I think a lot of people come into the forex markets and they get bamboozled by all the junk that's on the net and all the misinformation about you know scientific order complexity and secrets and so on forex trading is a simple game it's like the game of football we saw but if you want to play it and you want to play to win then you need to have the right psychology now we've got a ton of videos on psychology on our channel and I've suggest you look them up if you want to win but and just research it on the net yourself and you'll see is the very key to forex trading success so thank you very much for watching this video take care have a good day

Practicing holding the pencil for different types of purposes.