Risk management guys, don't forget. . Also don't be greedy, less is more. The market's won't run from you but your cash will if you chace the market's!
@@1fx1forex43 I started trading earleir this year and things were going well and I had little losses but until recently currencies are barely moving and they keep getting closed down randomly
The whole market gets stopped if a major index moves up or down by 5% in a day. This is to give investors a chance to think and not just sell if it’s going down.
Khumo Absolutely NOT! In fact, Currency trading Surged to 6.6+ Trillion-A-Day Market. Corona made new millionaires as well as new homeless people 👀 lol...
Nikolas Koukis not necessarily. Trade what you can afford which means you can start with whatever amount you feel comfortable with. Just don’t risk money you need
If you’re gonna trade with $10k learn and master risk management. Think about it like this, if u can’t grow $100 to $200, how can you grow $10k to $20k?
There’s currently a very strong bullish indicator for smashing the like button under this video Edit: We’ve been getting a lot of good trading advice in this comment section, please keep it coming as I’m still learning and will likely continue trading
You were trading with wayyyy to much emotion and not sticking to a winning strategy. As well as horrible risk to reward ratio. Trade with a small portion of your account and stick with that small percentage throughout your trades. Once you find a good strategy that works for you. Stick with it and let your account compound. As it compounds, while maintaining that low percentage risk reward ratio. You're trades will grow larger and larger but allowing for stable growth
Stupid comment. Just because a newbie says sell and gets stopped out doesn’t mean it’s a buy. It could mean his timing is off/ stop loss too tight. How many times have you entered a position to be stopped out then later it goes in your direction. Taking the other end of their trade doesn’t necessarily say you’ll win. So many factors to consider. It certainly isn’t “the only way”.
I’ve just finished the rest of the video and your basically risking 200 to gain 10-17 dollars, this is not how traders trade the market for everybody who is thinking that this is how risky trading is
@@morterfx6966 bRuH stocks go down aNd Ûp. A 3% dip could be before a massive gain if u buy near the bottom of a downward spike. Anyways, he never said he was a pro, how do u expect anyone learns a skill? By tRyInG, duhh 😂🍊
Your emotions started firing because of the small profits, love the enthusiasm. I started in with 1000. Over just about 2 months I’m at 1572. It’s the baby steps first I believe.
@@nesh12x3 not rly, if you need over 1:50 you aren’t using good risk management, risking 1% you only need 1:50 max, you are going to blow your acc if you need 1:500
Biaheza I love you but this was a HORRIBLE representation of forex. Ive been trading successfully for a while and with a $1000 you should be making $30-$40 following good risk management. You risked $60 to make $3 that’s horrible risk to reward and using a 5m timeframe is basically scalping which is equivalent to gambling, which forex shouldn’t be. I would use 30m the least. I do recommend swing trading, that’s really how I mastered trading. You have money to lose... a lot of people watching don’t, you’re going to make people lose more money they can handle.
Hey thanks for watching and for the feedback! I tried to keep that in mind, that’s why I made that disclaimer in the beginning of the video and explained at the end that what I was doing was almost gambling and didn’t work out too well
Biaheza no problem! You’re so smart for your age and I’m so proud of you for taking the time to even try. I have been making $2k-$3k a month with my trading plan and I’m only a year in just by taking time to learn!
Failing is not bad but lacking the right mentality is. One thing I know for sure is that risk is a commodity in the market and due to ignorance of our financial freedom we tend to loose profits on a daily basis by scalping from the leanest trend of a stock in the market.
The learning curve tend to scare off a lot of individuals but I tell you most solemnly when you understand the variables of the market, attaining profits and gratitude is all yours.
ive been into fx for 3 years now and short note for you, the common mistake i see is your risk to reward. Research more about risk to reward. i think that will completely change your mindset.
Yea like his wins are so small compared to his losses, he needs to even those out and try to break even before he tries to profit- hes basing everything on emotion and trying to predict the market instead of using an actual strategy. Not to mention switching indicators all the time- its no wonder hes losing so much
Jonathan Bauer exactly trading needs lot of practice of technicals and as well as mentally, its one of the toughest jobs out there, but its soo rewarding if you put in time. And mainly you’ll have to know your emotional trigger points in real life and study about how them, the emotions in trading will come from your real life, main 3 pillars of trading is technicals, Mindset, Risk management, no one in internet cares about it, because all they want to sell are some shitty courses. And Stick to one strategy, see if your trying a new strategy its not gonna work from Day 1. You will have to keep on executing, so that you’d know better about the strategy and make your own rules with it. Also main mistake i see is he keeps on hopping on one system to other. Its not his fault, thats how we are build you know, trading is just like becoming a better person overall.
@@kaushikkay9207 I completely agree, I actually trade regular stocks instead of forex, ive been using papertrading and then 100$ for practice while I save up, I stick to a set strategy that isnt super complex and am super strict on my risk manegement. So far ive gotten 30% in about 2 months with my 100$ and alot higher with my practice accounts (cause its totally dif feeling without real money). I started because the only friend of mine who didnt decide to go to college legit made 200k last year and said he would help me if I wanted to learn. So far trading has been super great for me as at least now I have a good reason to get up in the morning xD. I do learn from some youtubers, mainly adam khoo and ziptrader, their mindset is what I try to imitate. So far so good. But im just gonna keep practicing and saving until im confident enough to add money to my account.
Even 1% a day is enormous...over 35 years, the best trader company made around 33% benefits ... a year. And they're not sharing tips and info like all these wannabe coaches, quite the contrary...
Yo you are an AMAZING role model and although you probably don’t care, I am 11 years old and have started gaining enough from selling shoutouts to begin drop shipping, but I don’t know whether I should with the current situation Edit: thank you Bia for liking this comment
In the same boat as you Pat. I’m mentally and almost financially drained with recurring losses. I appreciate the help rather have professional help than lose my money, I’ll definitely reach out to him as well.
Forex is actually is the market to really use technical analysis. The stock market is way too slow and mainly backed by news catalysts to use technical analysis
“When you trade is better to lose money once a day than losing multiple times a day so if you lose a significant amount come back next day with a fresh mind and better emotions.Try again.” - My Dad
Emotions are the worst enemy of people who want to become traders. Some traders try to see trading as a game where they try to beat the market, and then when they start losing, they feel overcome with disappointment.
First of all, trading is not a game, and you should never treat it as one. Forex trading is a financial activity that is a mix of analysis and discipline. You should not blame the market, or worry about your losing trades.
To become a successful trader, You must understand the mechanics of forex, trust your analysis, and follow the rules and strategy you set. That is why most times I advise traders to seek help from pro traders. I too sought help from Mr Alex Paton.
Trading forex is not as easy as it is being painted, but you can achieve more when guided. I took losses before I came across Wes Grafton, an expert that helps me handle my trades. Talk to... *AlexPaton (a) g ma il. com...*You too can become a successful trader.
When you're thinking about becoming a trader, it makes sense to follow this same principle in forex and CFD market. The lesson is clear: a trader does not have to make lot of trades to be successful, they just need to make the correct trades. And with the help of a professional trader this can be achieved .
yes and there are also false signals and whip saws to consider . you just need a good strategy, strategy is a corner stone of a great binary options trading system. With Wilson's strategy I have nothing to fear and more profits to gain
Seems you know him also. He has been my manager for past three months now. He has totally changed my financial state I really lost all before he came to me and today I'm 8BTC Richer. Wilson is one of the best out there
I got paid today thanks sir. I totally agree with you he understands the market movements and knows when exactly to call/put with this, risk rate and loss rate has totally been less.
You are absolutely correct. Most traders go into the market with no foresight, many of them have the mentality that trading is a get rich fast business why others invest a token and expect millions in return but it's not that way especially when you trade on your own. You lose alot due to being inexperienced. The only way to success is by investing with a trusted professional. I'm speaking from experience.
Talking from experience, never be stingy with your investment. In 2017 when I started investing in the market I begin with a small account most times I lose and whenever i WIN my profits wasn't just enough to care for my needs. So I was devastated and gave up on trading. I found out that my mistake was that i was stingy with my investment and I worked on it. In 2019 I came into the market with full force, i started trading with $6k and i made $4250.52 as profits in 9 days. Mrs Lilian Wan was the one who helped me achieve my dreams because she trades on my behalf. Ever since I've been experiencing steady WINS.
I work with Mrs Wan too, she's a US based broker with enough years experience in trading. She's also licensed by FINRA. For those asking how to get hold of her, you can reach her on Mrslilianwan(a)gma!l.com she's opened to doing business with only seriousminded people.
Hey there, i think what you meant when you said a trading plan is; 1. Develop a Working Strategy 2. Invest using that Strategy 3. Use Proper Risk Management 4. Always have a Stop Loss I know that with this plan anyone can be successful in this field but the problem as a beginner you don't know this. The way forward is to invest with a licensed broker and Mrs Wan is one.
Bro your amazing! Very smart kid! Your half my age and you inspire me!! I’m also from the Ukraine living in New York City. I watch all your videos, keep up the amazing work! Maladets broski!
Agreed. This is how I started out. I was focused on how much I could make and didn't think about the loss side. I now consistently do 1% risk. It makes me sleep easy while holding my swing trades.
@@ShortStuff0000 question, with an investment of $2,000 do you think you can make at least $30.00 per day if you are always investing on the safe side? that would be $600.00 a month
@@andresdoria6118 sometimes yes, but the market will only give the opportunity it can provide. I swing trade, pretty much only the 4hr chart. I might only take one trade per week.l, but that one trade may grow my entire account by 2-7 percent. If you go in with the mindset that "i need to make this much money today", you will bend rules to make trades fit that should not have been taken. I use the ichimoku cloud, thats the only indicator I use, but I use all of its parts and follow the rules for it. I use MT4 for trading, so it tracks your metrics. I average a win rate of 68% on the 4hr chart. My winners are usually around 2 or 3 times as large as my losses, which is also key to success. I would recommend using the website Babypips.com if you really want to learn. The Trading Channel and Choas Trader on RU-vid are good video references.
All experienced traders! I currently trade with around $3,000 on a platform with a 1:50 margin. I can consistently bring in around $200 a day. Although I have to potential to make more, I choose to be more conservative and settle for the ≈$200/day.
@Sakshi Upadhyaya being cautious works. that’s all I need to make. plus I wouldn’t want to see -$10,000 in my account. I could make more i’m sure, but my risk tolerance isn’t that high.
I made $500 today and $500 yesterday. Learning to trade, especially independently, takes time. Trading is much different than investing. Gotta be on your toes at all times. I recommend you read some books on price action. Also, volume is very important. The more you trade you will realize most indicators are useless because they lag in relation to the actual price. Learn to understand volume and simple candle stick movements and retracements. Start drawing support and resistance levels on your charts. Adding more money when you do not know how to properly trade yet or manage emotion usually leads to you blowing up and account and eventually giving up. Best of Luck!
Your indicators don't show you what the market is doing because your parameters are set incorrectly. If you adjust, they'll actually show you where the market is HEADED before it happens.
Not really if you come up with a strategy you can come up profitable at least 50% of the time. The problem with this video was he wasn’t using a strategy. And his risk to reward wasn’t even set.
@@capokinfolksallday doesn't mean he's ready for forex, just means he's got deep pockets. Forex takes actual studying and months of trading demo accounts
You’re killing me my guy. Justin specifically said be consistent with a strategy and from what it seems, you did 6-7 days and used 3 different strategies, while trading at different times in the market. It’s painfully obvious what the heck is happening to you. It’s stressing me out watching this lol
me as a swing trader for 2 years i was laughing so loud! hes making trades based on nothing the reason why you lose so much is that you risking waayyy to much dude 3% risk per trade is the max if you do that with no trategy you wil probably end break even but if you have a good strategy you will make money every month.
But successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time.
@@talentlesscommenter1329 I already did I call that luck seekers with 0 knowledge then I rather go to a casino with my friends and blow my money that way
u read that whole divergence wrong it was suppose to be a buy, if price shows new lows but volume indicates new highs chances are the price is wrong and you should of bought , always listen to volume edit : but goodjob spotting the divergence
There's no such as thing as volume in Forex. Especially in meta trader. The thing you see presented as volume is numbers of lots traded but they are provided by your broker so every broker going to show you different volume so I will highly recommend to throw this "volume" through the window.
@AODFX U Can only apply overbought / over sold indicators aka oscillators cuz there not actually indicators when the market is ranging . it wont work the other 30% of the time when the market trends .
You should trade from Tuesday to Thursday and start trading earlier, the best time to see some volatility is between the London session and the New York session, so at 5AM for you
Biaheza first you traded the last divergence in the wrong direction it was pointing at a buy direction + be really aware of bounces on high and lows, you sold at a absolute low so of course it bounced a bit, finally keeping opening trade in the same direction while loosing is called martingale and this is the best way to blow an account, you should learn to take your losses and move on, for the next video if you don't want it to feel like gambling you should do proper backtesting ;) cheers I look forward for the next one
I feel bad for clicking so fast so I have to wait another whole week for another video!!! Why dont you upload twice a week while also being worried about losing money putting the "bear flew" in the video?
@@meirbiton1741 Yea exactly. He can use all 1k, but he should only be risking 10 dollars. If it drops to -10, he needs to get out. But he'd want to risk that 10 for maybe a 30 dollar profit, or at least 20 otherwise his RR is wack
Risk management my dude, if you traded with 1:2 or higher of your capital would have lost a lot less but gained more. Learning curve for everyone when they start. RRR is so important.
Again a stupid comment. Increasing R doesn't magically make you a better trader. For the most part it's true that you should trade at a minimum 1R but just going to 2R or 3R doesn't make you more profitable and it can actually decrease profitability because this is subjective. For the most part increasing your R lowers the probability of your trades to hit target because the bigger the R the further you're demanding the market to move in order to make a profit.
@@Mo_998 I'm pretty sure we're agreeing on the same thing here. Im not saying increase my friend. I said use a 1:2 Ratio where you risk 1% of your capital but your tp is at 2% or more that is the proper Risk to Reward ratio (RRR) I never said about increasing the RRR to be more profitable I'm saying he needs to risk 1% of capital per trade to protect the capital. You should never trade unless the ratio is at least 1:2. He was trading at times where he would make 1% every 3 days but if proper RRR all them trades he could have left with a SL and a TP and seen where it goes because he knows if the SL hits 1% lost but TP hits 2% gain.
Love how all the comments are advice when this chap is talking in a video that’s bringing in more money than most are making trading. He’s obviously not a pro. He’s just having a laugh and commenting on an experience in the market.
I got in on ford at 4.41,CCL at 8.25 and cuk at 10.69. Been at this for a week, those are winning but I want to try next day penny stocks sells next. I started with 75 and I'm up to 113. Gonna keep putting in and see where it goes.
I'll just advice anyone to invest in multiple ETF indexes, this way there'll be more diversification of commodities,this can help the Portfolio remain valid.
I had a €20k portfolio which had one of my favourite stock taking lots of dips,I only held because there were various stocks and CFDs doing well,this helped my ROI peak over €63k.
9:54 - important note : amazing video but you made a big mistake here that I wanted to point out, divergence means that several indicators indicate opposite things which often is a signal of a trend reversal. In that case, the divergence on the stoch rsi was a bullish signal not a bearish signal which meant that there was a high chance that the price was gonna stop going down and would start going up. Hope that helped, keep up the good work my man ;)
95% of Forex trader's fail- why ? Because they give up, it takes time and lots of experience to become a profitable trader , An alternative is seek guidance from some pro trader's to avoid lose of funds then see how happy you will be.
that's true because I keep losing when I invest with some trader's in RU-vid but I'm still Trading to improve my techniques, I just need a recommended source to invest and earn while I'm still Trading.
In all my years of Tradings experience and research The most valuable insight was getting in touch with a pro trader and ever since I started investing with him have been making cool profits.
@Taylor Dave never been disappointed with Mr George strategies for past 5 months now, a trial will prove i connected him via mail at,,,,,, georgescout321@gmail. com
Heard many good recommendations about Mr George profitable strategies by some brokers in other platforms, I think his a genius for people to talk and recommend him for investors.
One of the dangers of not paying attention in math class as a kid is that as an adult, you might believe you can consistently win in a game of random chance.
Nina Its either you perform your trades your self or find a trusted trader to help you perform the trade.... The problem about performing a trade yourself is that if you're not good with it, if you don't have the right strategies you're going to loose more than you're going to win but performing with a trader gives a more guaranteed way to make your sure profits at the end of the day .
I personally think this is an atrocious representation of forex. “It feels like gambling, I don’t recommend it” I have a lot of things to say about this from some one who owns property an online business and trades forex. Making a business is I’d say just as big as a “gamble” as forex yeah you could sorta describe it as a gamble but I feel it’s pretty disingenuous to do so. Forex is taking calculated risks and managing them. If you manage them properly I’d say it’s a smaller risk than starting up a business which takes significantly more capital and is likely to fail. However I support businesses as a good method of income as well. I just feel that before you made this video you should’ve done a bit more research before really advising against it.
Man I've been trading forex for 6 years now. I can confidently say that you will lose that money. The fact that you didn't lose it till now is a miracle.
@@riseofkilling7248 lol no! this is just beginners luck.. happen to all of us when first started.. bet you he will lose all 10k if he dont manage his money properly or even following a proper system...
I’m confused as to why your stop loss is so high yet the take profit is so low. It should be the other way around. Once your trade goes into profit , just move the stop loss up to where no matter what you’re coming out with profit
@@Rico401Prov nah the you don‘t have a high risk reward ratio. Stop loss should be smaller than take profit. Even if you have a high win rate you should trade with equal stop loss to take profit to have an 1:1 risk reward.
For all the people who are making millions in these markets, it's really helpful to have videos like these which help reinforce the idea for everyone else that it's all just gambling.
Dirty Dan id recommend to leave the signal group it inhibits you from actually becoming a trader because you will be reliant on the provider and not your own skills
I see your interested in learning about forex and want to join. I can give you more information to make you feel more comfortable about the whole process and show you how you can actually get started. Also follow me on Instagram @_kelovesu let’s connect!
When you are talking about becoming a trader , it makes sense to follow this same principle in forex and CFD market. The lesson is clear. A trader does not have to make lot of trades to be successful, And with the help of a professional trader this can be archieved
Would they be a specific reason for me not to use bitmex? I wanted to open up an account there,but now I’m not too sure anymore. Is what you do possible with it
I guess you are trying to get into the stock market I would recommend you investing and trading with an expert. Else you are going to blow off your account
I see your interested in learning about forex and want to join. I can give you more information to make you feel more comfortable about the whole process and show you how you can actually get started. Also follow me on Instagram @_kelovesu let’s connect!
