#forex beginner

[Music] what are the best currency pairs for forex trading on your opinion get requested this so much I am getting frequently requested what's the best strategy what's the best currency fails higher market there isn't in reality one and inside of our neighborhood in order that both primary currency pairs I believe basic rule is if you happen to're if you happen to're going to day trade I might pass with the primary currency pairs if you happen to're going to swing trade you're going on your trade frequency can be much less so I might have a look at what I name primary minors so any of the primary currency pairs crossed in opposition to each and every different major indexes and I might say there isn't one higher than the different however what you don't wish to be is a day trader I believe chasing 30 40 other currencies you spot you'll be eternally chasing are sure occasions of the day extra necessary to trade on and there are for me as a result of for two causes I've structured it that I consideration focal point in on the morning that's that's that's a non-public factor as a result of the extra time I'm in entrance of displays the tighter I am getting ahead of I am getting however I'm additionally correlated that with the proven fact that the forex markets kick in and the dax the major you recognize the major index in in germany that kicks in in the morning so I'm seeking to stack the odds in my prefer doesn't imply each morning all of the ones markets will transfer every so often they're quiet they usually kick off in the afternoon however I'm taking a look at you recognize trading the markets that experience a large number of quantity entering them in the morning at the time I'm I'm trading as a result of I'm trend primarily based so I need the market to transport both up or down and feature some quantity in the back of it if I'm if I'm trend following I'd quite attempt to market that statistically has were given extra quantity entering it at the moment I'm trading them no longer so for you the best time of the day nowadays traders in the morning would you counsel that for people or I believe it's a day trader once more it is dependent it once more it is dependent upon the similar eventualities might is dependent upon what's happening on your lifestyles if you happen to if you happen to're if you wish to be a day trader however you've were given to you recognize run the youngsters round and take all of them to university and do a load of items in the morning scenario it may well be higher to trade in the afternoon however then I might glance possibly at the u.s. indices have a look at reasonably other currency pairs and there's this entire factor that you recognize forex is 24 you recognize 24 five you’ll trade for 24 hours a day 5 days every week and you’ll trade it you recognize nighttime however if you happen to have a look at a pound in opposition to the US dollar frequently it's relatively quiet throughout the evening so it can be that you’d focal point on Australasian currency pairs so Aussie in opposition to the US or New Zealand dollar in opposition to the US or you could focal point on extra extra of the Asian pear so Aussie yen if you happen to had been going to trade in the heart of the evening so the alternatives there however you need to you need to be suave about which markets and which pairs you trade what's the distinction between trading risky and strong currencies I have a tendency to just trade strong currency in order a day trader I'm staying clear of any type of risky now sure Euro in opposition to Euro in opposition to the US dollar can get risky however the primary currencies and can that they have a tendency to act themselves extra so I believe as a day trader the distinction is sticking I believe to the primary currencies as a swing trader is bringing in what I name primary – so handiest taking a look at present you recognize to move pairs that are primary currency so pound in opposition to the yen for instance so I believe the greatest distinction is that you just you’ll get kicked out and in of trades extra simply markets will all of sudden pass uneven while if the market is trending and it's certainly one of the larger currencies it could't that educate can can last more you

what's up guys these days we're going to discuss technical and it's simply once more and at the pot – i'ma communicate extra about the right way to mix two candlestick development in combination or extra so they may be able to use that to extend the profit and namaz your possibility alright so let's get into debt what’s so essential for it to succeed in candlesticks is as it will give you a sign of those developing k an finish version of the market so for those who see that the market goes via a ranging consolidation market that is what I imply via indecision or whipsaw motion or if the market is trending goes to opposite then it will give you a sign of worth reversal or the market is trending and it will proceed to trend k so it will give you an concept on whether or not the trend will proceed or no longer and why will we use Canasta is as it will give you an concept of what the markets are feeling presently in different phrases market sentiment throughout that specific trading time now you purchase now I do know that a large number of the indicators are lag indicators so it’s going to handiest provide the signal as soon as the market has reacted and can’t stick other folks provide you with an previous signal however different traders are feeling positive or pessimistic presently k so it serves as a number one indicator she has a excellent group however that doesn't imply that you simply use candlesticks on my own of course you want much more indicators except for the usage of candlesticks nunu use it as a affirmation along different indicators k so right here comes the query how do you learn and use candlesticks no longer so that you can learn candlesticks correctly you want to take a look at two issues k two issues the very first thing is your candle frame 2nd factor is your candle wick or can no shadow now for those who're nonetheless no longer positive what sort of frame is what sort of shadow is pass to my amateur's information to candlesticks video then you’ll be able to submerge your self these kinds of phrases after which we spoke analytic signal you notice whether or not this candlestick an uptrend or a dumb trend in a bullish market or in a bearish market k so I wish to notice that extra essential don't use can’t take a mortgage as an access and go out signal you want much more indicators so that you can verify that you’ll be able to input this trade now with that stated there are some individuals who use it for go out if it really works for then you definately high quality there's no black and white in the case of indicators for those who don't use it to go out you’ll be able to use it to scale or scale back your place dimension no matter works for you and you employ it as an early caution for possible exchange in route and when the market does exchange in route and when it does opposite we don't know the way lengthy will that reversal take k so we're the usage of different indicators to decide the period of the reversal so mainly you employ candlestick to decide whether or not there's going to be a reversal in a while or no longer or whether or not the trend that you simply're training at presently will proceed its motion the query I am getting is the place must you employ candlesticks you’ll be able to use those patterns no longer just for voice you’ll be able to so use it for stocks commodities if we’re so trading investing these kinds of asset categories and so the primary candlestick development is the doji and spinning best development now what's the variation between those two so you’ll be able to see proper right here for the doji the doji approach in Jap identical worth degree k why do they are saying it's the similar worth degree it's since the worth opens right here on the EM the hour on the finish of the duration it closes on the identical degree right here and I do doji is one who has a negligible frame k it's only a line identical to that k and it has a a every week and decrease weight this is equivalent period to one another so spinning best has a small frame after which identical factor with the higher weight and occasional weight with the similar period preferably all of the two identical issues about those device candlestick patterns is that the associated fee closes close to or proper on the open worth and those two tokenistic patterns will also be see each in a bullish and so bearish market so for the doji when the associated fee opens proper right here throughout this one time frame consumers are available push the associated fee up and after that dealers are available the associated fee all of the manner down after that consumers come again once more so the ones in some way is a turf battle between the consumers and dealers and therefore this point out that the bison dealers they’re indecisive and unsure identical factor for spinning best of course we’d like Lamonica switch to mention that the associated fee would opposite so in some way what doe denims me communicate signifies to make use of that the market will probably opposite from right here that's what it approach while you see a doge in spinning best now right here's the article now if I'm to match two puppies in combination k we attempt to attract this properly if I evaluate those two puppies k which one do you assume is more potent the only at the left or the only at the presently for those who see a doji with an extended wick now you're critical steadily when there's a maquette information match a vital top affect information match coming bulletins you notice an excessively unstable Rebeck and k smartly see an excessively lengthy wick a low one higher wick this can be a more potent signal and decide to it the doji has a smaller decrease within the public as a result of a ways signifies to you that the markets are very indecisive which means that the bigger the doji fiercer is the combat between the consumers and the dealers and some other factor that I need to evaluate is the period of the decrease and higher week for those who see that the period of the low and higher wick don’t seem to be equivalent to one another then this wouldn't be as robust as in comparison to if the doji has equivalent lengths decrease and higher weeks now a brand new remind you one essential factor k although dodging spinning best signals are reversal a market River so it wouldn't inform you how lengthy the reversal will closing it will closing for 5 mins my closing for one hour my closing for the entire whole month the way you decide how lengthy that reversal will closing you want upload in different indicators additional to decide how lengthy will the reversal closing doujins would possibly handiest provide you with a sign that our opposite is come on this handiest me provide you with an instance so that you'll see this on tire chat however right here's a brand new spot the place the doji is now it doesn't must be the very best best doji so very first thing first you’ll be able to see one over right here and you’ll be able to see some other one over right here k this used to be no longer the best door dude I'm in search of however for those who see a worth maximum bullish k after that consumers and dealers are indecisive in the end a doji seems that the market reverses but additionally reminding to you once more we don't belong candlestick patterns on my own to decide whether or not worth will opposite you want much more indicators for those who use the deficient resistance then it’s possible you’ll see a possible resistance over right here k or possibly use quantity you notice the markets over so unquestionably a worth retrace and use this as a further affirmation some other instance presently are you able to see the place the doji is see one over right here and you then see some other one over right here now right here's the article this incidence here’s a double doji so while you see a double doji is a sign k a sign or prediction that the reversal could be more potent as in comparison to if it’s a must to see only one doji so some other candlestick development emmechelle view is the hammer button first you already know that hammer has an excessively small frame on best k and that it has a vulnerable that preferably is 2 instances longer than the frame so necessarily what's going down is the dealers first are available and push the associated fee all of the manner down after which the most efficient begin to are available from there after which combating the associated fee from going additional downwards then in fact push the associated fee up after which shut us on best a be reminder the colour of the hammer frame doesn't truly topic however for those who see a white candle or inexperienced candle sure a better likelihood the place it's going to opposite and pass bullish k so that you can sum it up while you see a smaller frame with a protracted decrease wick then this can be a hammer now whether or not you’ll be able to occur a poet or no longer preferably no longer so what the Hamas Ignacio is signifies that the associated fee would probably opposite and the one position they may be able to in finding it’s downtrend markets so let me provide you with an instance k are you able to spot the hem of you fast k forget about the doji is for now SWAT the hammer presently can see it k let me simply display you the place is it proper right here k so market is taking place trend to begin with k and impulsively a hammer seems and handiest in a few hours at the subsequent day then the associated fee opposite so notice this one face over right here what Cal conclude from that is that the associated fee doesn't opposite right away doesn't imply that while you see a hammer proper right here oh then the associated fee right away the following factor you realize it opposite every so often it’s possible you’ll take a few days every so often it’s possible you’ll take a few hours since the market would want time to regulate itself so there's no reason why once more we don't use candlestick patterns on my own to go into if it really works for then you definately high quality simply notice that and when trading there's nobody dimension have compatibility on trading however we save I believe it's simply higher to make use of much more gas does much more indicators I stated don't pass and cutter you hunt that chap with all of the indicators Beneath the Solar do it carefully k no longer too little no longer too many indicators some other form of Canasta saved a flip is the inverted hammer because the title suggests inverter is mainly the wrong way up model of the hammer so you notice an excessively lengthy higher weight presently after which a small frame on the backside so the birds that do are available are available are available after which when you achieve this level the dealers begin to are available after which push the associated fee down save you the associated fee from going upwards then there's a tug of battle occurring once more so the cells push the associated fee down after which in the end the associated fee shut right here so for the inverted hammer you notice a smaller decrease frame and lengthy higher wick because of that so what does it point out additionally point out a possible worth reversal once more identical factor you notice that during a downtrend market so which means that you’ve a downtrend market occurring to peer and inverted hammer this can be a signal that the associated fee would probably opposite and pass bullish once more one vamp on factor it doesn't occur right away every so often it will take weeks every so often it takes a few hours every so often a pair mins so let me provide you with an instance so see proper here’s a downtrend market k after which after that the associated fee consolidates slightly levels slightly you then see and if I flip him over right here k this isn't that best as a result of I would really like the frame to be a bit bit smaller however that stated this is a sign that the associated fee would opposite so after the associated fee levels a bit bit in the end it went all of the manner adjustments the path and pass bullish so some other candlestick development is the putting guy which is similar to hammer now see this field I put here’s inexperienced colour simply now used to be purple claw it has a which means alright signifies that you’ll be able to in finding it in Polish markets simply no longer with a brilliant colour signifies that you’ll be able to handiest in finding them in bearish markets so that you wanna keep in mind that you’ll be able to return to the video after which write that down so something you'll see in regards to the putting guy is that it seems to be similar to a hammer development and once more identical factor it signifies to you that the associated fee would probably opposite exchange in route and prefer I stated you’ll be able to in finding the putting guy within the uptrend market preferably the frame needs to be two instances longer than the frame nevertheless it doesn't then nonetheless k the signal wouldn't be as robust so that is the place the putting guy is so you’ll be able to see the associated fee pass bullish then after that the putting guy seems them in fact the associated fee retrace k actual most probably that's a resistance line over right here and that is a space of resistance k in order that two signals simply in keeping with this chart that the associated fee would opposite the development ultimate one is the taking pictures celebrity and on the other hand you already know that it is vitally very similar to the inverted hammer development identical factor within the case that the associated fee would probably opposite after which it's discovered within the uptrend markets so do you will have one thing k in keeping with wall communicate to you presently till presently I do know you're perplexed about all what taking pictures celebrity hammer on these kinds of names to position it merely every time you notice this development k this needs to be longer this development this development or this development it's simply telling you that issues are gonna exchange route so something to keep in mind is that the longer is the way in which as in comparison to the frame than the more potent the signal which means that this taking pictures celebrity could be more potent as in comparison to this taking pictures celebrity k since the weakest shutter let me provide you with an instance are you able to in finding the taking pictures celebrity as soon as once more k an glaring one proper right here so of course this reversal isn’t that important since you see the associated fee pass bearish a bit bit over right here k then after that the taking pictures celebrity seems however in the end when a big bullish motion k so let me simply pull up this chart proper right here in keeping with what you will have learnt are you able to spot the place the candlestick patterns aren’t any they see it excellent off the bat you notice a doji over right here in truth a large number of signals over right here k you notice a taking pictures celebrity over right here although it's a small higher wake it's nonetheless k and you then see a spinning best over right here so this everyone right here's an excessively robust signal for a possible worth reversal so cnl spinning best over right here too the associated fee is occurring the bullish market proper right here then proper after that you simply see guns a big reversal which means that via this time proper right here you want to truly get out if you’re in a bitrate some other indication that the associated fee would opposite that wouldn't ruin off this degree over right here k is that there's a resistance proper right here I drew this in keeping with 10 of April good enough some other worth tester is degree more than one instances prior to each hint none and it does that or 50s ma then got here again up right here examined the resistance line yet another time k some other instance over right here very first thing first is a downtrend market T de bordo G over right here so the market strikes a bit bit they in the end after a few hours you then retrace make a big reversal then proper after that you simply see a hammer showing proper right here so the market is going again to bullish a bit bit they've in fact had my handbag then right away it retraces my keep in mind this doesn't occur at all times then after that you simply see a spinning best over right here k this used to be no longer the theory since the language of energy in low unsleeping isn’t the similar however imagine after this spinning to seems then the associated fee is going on a bullish transfer on proper right here alright some other instance you’ll be able to see see a bearish transfer on right here an excessively massive spinning best then right away the associated fee in the end retraces so for those who unlock them out 12 worth got here down simply at one time that's a 2nd time prior to it reverses k so you’ll be able to see in keeping with this chart over right here you notice a small spinning over right here and you notice a larger one over right here which one do you assume would provide you with a more potent signal for now forget about all of the different indicator signals first you’ll be able to see that when this pinnacle seem it reversed just a little little bit of course me different components can come to play you take a look at santa monica basics so you’ll be able to see that this spinning best right here it prices a big Weber so take a look at that k additionally it’s an immediate reversal so by the point you notice this and this showing particularly for those who're a day trader you want to arrange to get out since you may well be probably stuck on this motion although you’re trading a bullish market so proper right here you notice a dangling guy proper over right here k you're trading in a bearish market after which some other folks imagine this as a taking pictures celebrity so we take that too so you’ll be able to see that the markets occurring downtrend then in the end the market is going bullish right away it's some other factor once more you’ll be able to see that there’s a fortify over right here market comes down check this degree one time what that is going up check at 50 SMA then comes track and I get started this degree once more then in the end jump again up so if you’re driving this motion proper right here be sure you get out when you see a taking pictures celebrity when you see the putting guy it's time to rise up out of your mobile trait to be protected to be protected k at extra indicators at extra theaters course candlestick on my own isn’t sufficient me I remind you that once more so one closing instance k you notice then over right here there's an inverted hammer k after which proper right here yeah I felt very small could be a possible doji or spinning best you’ll be able to see a big barramundi for this proper after this device candle seem for those who're in a mobile trait you're writing this entire whole trend k you want to get in a position to get out as a result of why after that with us which isn’t to kill a large number of traders so if that for those who're the usage of candlestick on your trading let me know down within the remark segment under how does candlestick patterns can help you on your trading and which development is your favourite candlestick development I'm cautious and I'll communicate to you within the subsequent episode bye [Music]

Forex Trading Strategies For Beginners Guide

Forex For Beginners Part 17 - SL and TP

hello traders today I want to share with you some of the mistakes that I have made to forex trading hopefully you'll find some value in this first on my list is failure to implement stop loss orders stop-loss orders are essential for your success as a trader and one of the worst mistakes you can make is not having one this can lead to losing more than you should and margin called having the right level of stop-loss is a complex question and I will cover them in a later video second over leverage leverage is one of the features that make forex trading attractive when I first started trading the leverage ratio was 100 to 1 and you get it I over leveraged and margin called multiple times please remember calculate how much risk you are willing to take prior to taking on a trade leverage is a double-edged sword third following the crowd if you do most of what people do you'll get what they get in this case failures since most people are failing at forex trading some people confuse trend trading with following the crowd they are not the same trend trading is about identifying the trend and stay ahead of it when it comes to trading do not follow the crowd instead follow your instincts and your research forth buying on the way down or selling on the way up I can't even tell you how many time I placed to trade and the market goes the other way instead of cutting my losses when the facts no longer support my analysis I decided to pile on more trades in an attempt to salvage the position please don't do this you may get lucky once or twice but it will catch up to you and you will get wiped out finally be emotional it is easy to say that you should not let your emotion interfere with your trading the fact is Forex is a money game and using a gaining money does carry certain emotion if you are those that can leave emotion at the door when it comes to forex trading then congratulation if you are not like me recognize the emotion and learn to minimize the effect it has on you for example if you trade the appropriate lot size you'll not be so nervous when the market moves against you and you are less likely to make mistakes I hope this helps you if you would like to learn more about forex trading please subscribe for more if you would like to explore ways to be more profitable at forex trading I have a video to show you please click on the link in the description

here at forex trading course need a dotnet done at you we're introducing you to what I we call the coffee shop traders movement the idea came to me recently surprise surprise when I was actually trading from a laptop in my in a coffee shop I began thinking about how training is really more ferb years from your messy complicated and having big trading desks to multiple monitors and to its current form which is really a lot more mobile and more minimalistic your trading this matter actually helps me keep emotion over overtraining a bay because rather than walking into a over top ruining a full of 10 flat screen one of those where I might feel compelled to enter a trade I've everything I really need to be successful on my laptop I have found over the years that new fan of d is that I can always find what i call a no damn obvious price action signal on any given day and I'll be honest what this trade very finely like very easier on my laptop whether I'm at home at a friend's house or even a coffee coffee shop I begin to think you know about how trading has at manas is mashed you know perfectly with the simple scale back approach in the price and Alice price action analysis brings it really compels the package of minimizing trading you know this in contrast to the facet of the stereotypical trader and Alice are now analyzing and trading a mask its markets on a big step of flat panel monitors or porn over countless economic news reports and technical indicators all day need a coffee shop training mark our movement or market or whatever you want to call it it's real just a metaphor for the way that you know trade the traders trade the market these days the way that many traders now trade not only is it a metaphor but actually describes the way that new the way you should really trade and it's from a coffee shop now it's the way you wanted so you can have that lifestyle you've always dreamed about you're not just stuck in a room trading you also want to be a living life making money and have a good work-life balance and it's perfectly is this you know simply simplifying aspects of trading does lead to more freedom flexibility time ultimately and ultimately money not only not only does it work you have to decode up charts and decline in mind but also its conductive into developing trade a better trade in habits that leads to more success and will help you avoid emotional trading mistakes he let me explain when you becoming a coffee trader coffee shop trader it really is the end result of simplifying your trading strategy when I'm realizing your time to spend analyzing the market and suck each day and generally just taking a calm and scaled back approach to trading most try to start off and somewhat haphazard manner you excited to get started and then you certain on exactly what they're doing over time though we either figured it out and that becomes less is more all we give up altogether which is a bit of a shame what I mean by that is that most traders actually over complicate the training process and experience a lot of trial and error there's usually defined by losing money you know we've all been there they then either you know reach a point where they give up on trading altogether which as it is a shame assuming it's too difficult for them to just carry on but you know I just can't do this anymore or they come to the realization that they need to just chill a little bit you know be a little bit more simplified and solidify their trading strategy and that's what the coffee shop tralian movements all about but look if you'd like to learn more about how I trade and you know really simple simplified trading strategies to really allow you to have that better work work work balance so you're not just stuck in front of a computer screen all day you know getting all emotional and thinking you have to put trade on when you need to there are as I said what I what I call no damn obvious price action signals that there every day and all you do is spot them you can find them out you can find more information about them at my blog at forex trading neto you forward slash blog or click the link below this video and and yeah you will experience a lot and you'll see a lot more what's going on alright that's over now if you like the video click like and subscribe to my channel hi so you know you're a good trader and you want to earn extra money eToro can help you take your talent and turn it into an extra income eToro is the world's leading investment network with over 2 million registered users start connecting with other users on etoro where they can start copying your trading actions this is your chance to be recognized for your success and trading knowledge plus you'll learn extra cash the way it works is that you get paid for the number of people copying your trades some of our social gurus already have thousands of copiers and get paid thousands of dollars every month what are you waiting for register to become an 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my or I pray yeah it's not like 1,000% hey guys let me show you something it's a push cart to open your trading account Stello brokers market nowadays I'm not to bench anyone I just feel that it's a very interesting concept because most brokers don't market to other means my facebook marketing and do them up ceiling so it's pretty cool and this is not a sponsored video by poems I've used a poem sharing that phone before I think it's pretty straightforward simple to use you know one thing about this [Music] TomSka predictions I've been meeting with more than 10 of them then it's like sometimes it tells me this year your wealth is gonna be good but then sometimes it tells me your wealth is going to be bad this year then sometimes it tells me mister you're gonna have good relationships then this one tells me this year you're gonna have bad relationship then like make up your mind for one thing my function consultant taught me about is that we should take all of these predictions with a pinch of salt because what's gonna determine your destiny your financial destiny your relationships your health this year next year this based on your birthday and also the time that you are born and consignee I just believe that luck is determined by you rather than some horoscope because all these things your horoscope that you're born at is something you can control what you can control is how hard you work and the how you work the more luck you will get many comes reinvesting your money yes make sure you do your research before the key actions you should do a research regardless of which horoscope you are [Music] since it's raining today there's no Singapore Riverwalk now since today some nowaday and you go up and set up now [Music] the oldest horoscope predictions it's just nothing you worried it's still worried about things that you can't control they just focus on putting in the work whatever that happens then just focus on solving it they move on because one of the predictions said that this yeah get loved people come into this drop what I'm doing so I would they be a very likely my haters come and my friend told me this morning that if you want to see how successful you are you don't look at it man of supporters they have you look at the mo heaters they have the more he doesn't have he means that the more successful you are just you said because whether you're youtubers because when you're frustrated something big with your life there's going to be two types of people number one people get inspired by success number two people see you rising up one day still they're not moving and in order for them to feel significant they are going to pull you down throw you hey if your insults just so that they feel more comfortable this afternoon was really sunny but but right now they afternoon it's like really really but still all good oh good because today my add value to the people come and I do my best this might be the last few sessions this year so just come give it my everything everything even though I have only like five six also sleep work has got we're done let's go even those days when you're feeling 30% 20% 10% when one percent once you start doing it you would really get to 40% 50% at 100% whole Twitter just take action even though it's not easy but you can do it the other time when I was presenting idea of previous seminar what happened was that I was talking to are talking and I realized I forgot to plug in my charger then right in the middle presentation not in that battery and I'm like oh shoot what should i do should I stop they'd be embarrassing but it's got circular and I move on so when you're sleepy sleepy they got bring up a green coffee and by time I stop there I'd cut down coffee and then increase in PE too much coffee it's not good for you yeah all set up check this to myself Jesse [Music] so just done with the seminar best date today I don't know why can be very factors might be lack of sleep at least I've given my best even though I'm not a man represent but I'm over all they all went smoothly we can do more keynotes rather than trainings so I'm transitioning to becoming a trainer to becoming a motivational keynote speaker I'll do it just for Forex still but I'll do more of Forex keynotes so unless a minute ten days was asking me just now Karen can you do 10% a month I said no I can't then he's like what then it's like an over her percent per year I said no I can do that if you can do 100% a year you're a better trader than me even though it might look good on paper the thing is when you're doing represent a year you are taking too much risk because when you are is that high you're over leveraging a little bit by oh I pray yeah it's not like 1,000% buy all right well your 10 to 20 percent are yeah that's it because that is the amount of rest I'm comfortable with so as long as I'm making money I'm happy satisfied with it if you want 50% oh yeah 60% 70% you you can go learn from other people who can promise you that beginners make this mistake of over leveraging taking too much risk then they make like 10 percent a day hundred percent a month but if you are more experienced traders you know that eventually that kind of RI is going to just show you in the long run it just takes one or two losing trade for you to wipe out your home buyer previous of it even you're making 1% a year which is a bit too low if you're only the top 10% of profitable traders it's a balance of risk management and achieving a good hour I that is higher than inflation [Music] beside me my brother had our language dinner here no about five six hundred dollars but this is better than a seafood because first time the seafood that we ate with my whole family it's like 1,000 plus dollars then after eating the whole thing I'm still hungry high water then I went home and eat a $2.00 Capilouto and I become full that's why nowadays I try to buy cheap food as much as possible because sometimes that feed our chicken rice tastes just the same as that $25 chicken rice that's why I learn in life the hard way [Music] so I'm Angela says I can't talk today my manual telling me as I pull up more and more content with the intention to help people there is going to be some insecure people who is going to put you down just putt and parts of it if you want to achieve big things and like because even at like six years o LD have people bullying me every day the moment they see me in school in class they will come to me and be like Karen you're a piece of then seven years old yes all the ANU all the way until I was 16 years old those bullies could my loved ones relatives instead of being angry of them fighting with them arguing with them let your actions do the talking near this very does always put here so that the goal now Tokyo in the next block by [Music]

thanks for joining us I just wanted to talk to you about choosing a Forex strategy I've been trading since 2002 and I've tried tons of different options some profitable some not problem with me is I like to try one and then I'm think maybe there's a better one so I keep looking for a new one and that ends up making it not profitable so a real trick that you will find with major Forex players is that they choose a strategy and stay with it so that's what I suggest you do I just wanted to talk to you today too about trends because you know if you if you try to place trades in a choppy market that market can reverse on you so quick that you can actually lose everything that you've got so depending upon your money management so we want to try to find good trends in the market and there are a lot of different pairs to choose from some of them are fast some slow some have long term trends so they're all a little different and sometimes they have choppy trends and long term trends one right next to the other so it's kind of hard to know which pair that you want to choose so would it be great if we could you could actually scan all of them wouldn't it now I did want to see if we can go on here real quick and go to our next slide so so trending strategies and Forex you could draw your own trend lines of course and that can be effective if you work on just one time frame at a time if you work on multiple time frames that gets a little confusing because it's hard to tell which time frame you know your trend lines working on and it's really hard to draw a trend line for the current trend because you really don't know when it's going to do a reversal I mean it may do a small reversal and you may jump right out of the trade that you've been in and come to find out that just goes right back to where it was so it's it's easy to draw trend lines you know once the timeframes have passed and the trends change but it's a little bit hard on the current timeframe and they're also trend line created by indicators where you can put an indicator on your chart and it'll actually draw a lot of trend lines for you if you're not comfortable drawing them yourself and these again sometimes they draw trend lines for all different time frames and when you look at that screen that can get pretty messy so and you know we we don't like that and don't always change to update as often as it should and that's a problem too there are also indicators to help you with trends like that MACD and that you know TM a centerline and this is just a ton of them out there super trends spoiler blank bands I've tried them all a lot of them are good problem again is a lot of us like to put one on and when that doesn't actually go the way we think it should we put another one on I'm pretty soon you've got quite a messy chart and it's hard to tell which one you want to go with so that goes back for my first thing you really want to pick an indicator live with it stick with one indicator that's the best way and you know there are some out there where you can see long trend indicators and short trend indicators of the same type of indicator all on the same chart that's kind of interesting you know it's great that they're manual or automatic and not manual they work all the time they can work on multiple timeframes that can pop up and tell you you can even have some of them set alarms to your to your phone of course having more than one be really confusing and a lot of people forget that a lot of good indicator is actually repaint until at least the last bar has moved on they will they want to jump into a trade as soon as the signals there and come to find out by the end of that bar the signals changed and then you've lost again so yeah and indicators really don't tell you either when there's a choppy market coming and they'll just change direction they don't know if that's gonna be a choppy market or not so then what I want to do is kind of show you some live trades what some indicators might look like and let's go back and do that for a second that's in that you know these are what some people's charts look like I trade like this sometimes too especially in short and long terms so let's open a new chart and get that on the screen you know that looks kind of nice you see we've got a downturn downturn downturn they all look good but you know the bob of the problem is sometimes we don't get into these downturns until it's down here and they do a reversal on us so that happens a lot now what you're looking at a 15-minute time time chart and what's really confusing is that if you go to a higher time frame you know this may look like it's something totally different that's a 4-hour chart and you can see down here it's indicating that we're getting ready to go back up and those are pretty long term trades so you know you we may be getting ready for a reversal it's kind of hard to tell and that's a bad thing about some of the indicators and you know you could do just trend lines too that's another option let's see if I've got Tim one template here with that song trim line trend well we can just draw a few you know if if you've got trend lines you know on your four-hour I make them a little thicker so that I know that there are more major trend lines and we may have I usually like to do one on the top and one on the bottom and that might be good kind of gives us a ballpark of where we think that the market may go it may could go all the way down to here or it could reverse and break out of that but and it's almost you know what we could have done if we hadn't seen this last part just took those two tops saw it as a breakout and jumped right in there full force and look how it reversed on us so trend lines are good they're just a guideline though and then if you pop down here to a 15-minute trendline of course those don't look like anything now because we don't know what they're doing but since or thicker we can down draw a couple maybe skinnier trend lines to show us that there are smaller timeframes and you know get a different color on there maybe a 15-minute chart you might want trend lines that just not so bold but they give us something to go by so if that reverses past here you know it's going to be an uptrend maybe it's going to reverse to here and come back down that's still a little bit unknown so it's something that you do take chances on and we want to try to eliminate as many chances as we can so that's that's where winning and losing trades come from is if you can find a way to eliminate a lot of those chancy trades now let's go back here to our starter and get back to what we were 4x Trinity tools is something that I found that really seems to offer a lot of help in that area in the area of all the things we've talked about so after struggling with indicators and strategies and things like that I did stumble upon this and I will tell you using this tool can can more than double your winning trades because what it does instead of scanning one chart or two charts because you know you only have so much time in the day and if you're scanning every time frame for chart patterns and for trends and you're trying to keep an eye on them to change you really can't do too many pairs one or two pairs maybe and you can spend hours sitting there looking at it and trying to decide if you're going to make a trade now with trend Forex trendy tools it actually scans 34 charts or different pairs I'm sorry and it does that in every time frame so you may want to pick a few for our trades a couple for our trades for the week and then spend the rest of your time doing so in 15 minute and 30-minute trades you might want to do only long term trades and place your place your positions on Monday and walk away until Friday but if you find a good strong trend and you find the best pair in all the market you can be pretty confident and that allows you to walk away from your screen a little bit longer so you can place the best short-term and long-term trades you don't have to be tied down to just one or two different charts you can actually or some people just trade the major charts you can actually trade them all and if you're using experts and you like experts that's great you can take your experts and turn them on on the charts that you know have good trends and turn them off on the charts that don't have good trends so your your expert advisors are not trading on the choppy pairs yeah and the good thing is to you know there are a lot of trade pairs that we miss out on because we're just concentrating on the or three or four that you know are kind of major or even in five or six that's a lot different than 30 or 40 pairs so you know yeah and just you imagine this if you know the best trend at any particular time you know it's going to help you avoid major reversals what does that mean to you means a lot more winning trades you can be a more relaxed and confident you've made better choices means you can walk away from your computer and spend more time with your family it's been a few minutes a day every day scanning the different setups instead of spending hours and hours and worrying so you get a little peace of mind you get improved trading you get you know more possibilities more options to of trends because you're looking at all these different charts so and here's how I kind of like to use it on Monday afternoons after the market settles down you know on the weekends past I like to search for a couple for our trends you know pick them let them run for the week and then if I have extra time I can sit down with the trendy tools and start watching for 15 and 30-minute trades and just grab some short current money if I want to sit in front of screen and watch them a little bit so that you know it's kind of a good strategy for me now I want to be able to show this to you so down below here on the screen you can see the link to the video that shows you how the trendy tools works and I'd like to invite you to go take a look and for everybody that a course starts using it I want to follow up with you so if you start using the trendy tools will you don't get back with you and see if it's something you liked it I like to get that feedback so you also see the link in my description down below too so you know if you miss it but I want to thank you for watching this and I hope it helps