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Trading should be boring! Especially fx trading. If it's exciting, then you're doing it for the wrong reasons or your adrenaline is kicking in because you're way over-exposed to risk or using too much leverage. The fun and exciting part is at the end of the month/year when you map out your equity curve and see where 50-55% of all those 'boring' 1-2% trades with 2-3:1 R:R+ got you :)
Many traders are losing because of impulsive brains and not being able to wait and control emotions. Trading requires a very strong and functioning prefrontal cortex.
There is a good point in here: where to start from? I mean, a few hundreds or a few thousand $ account will teach you how difficult it is to be profitable and even if you are, you will soon realise that you cannot live out of those few 100$ profits made over a month or two. So you try to find a way to increase the trades, be more accurate and icrease the risk. When these factors kicks in, it's the beginning of the end because you will more exposed to the risk (by opening more trades), more in pressure and more emotional.
These guys make it look so difficult believe me it is not The only way to learn this thing cut all these social media or so called expert do it yourself
crazy thing is that i turned 1k to 5k in two months ... and with 2 mistakes lost them all ... hearing this get me even more angry to not being more caerful with my gains
Haha we've all been there brother, don't sweat it! That's the trial by fire most traders need to go through. The important question is, can you do it again? And this time, can you protect the capital and keep it? Process over outcome :) you'll be fine. Just focus on your psychology now, since you've already proved you know how to make money. Now it's about keeping it.
Risking 1% of my account on any one trade means, to me, that i set my stop so that i only lose 1% if i'm wrong. It doesn't mean i only position with !% of my capital. No need to be bored, there's always the next set-up.
Last 2 days I have taken 3000 to 24,000 It is important to not get in unless you have a plan ... in fact just bought a call on eur/usd and my stop is at break even with another 15 k profit that profit is at a 25 percent pull up from the last move
That guy just said it all I don't have the patience That's what you must have Old saying you want to make a million in the markets start with 2 million lol If you can't turn 1000 dollars into a million you can't turn 500 k into a million
This is very very substantial.. im a struggling trader and I know how to profit from trades but most of the time Im impatient and have that bad habit of having that mindset of get rich quick and then at the end of the day i would blew an account in one day even if im a constant profitable in the past 3 weeks..
Yeah idk man, there's people out there who are quiet that can trade up to 50% of there account and win based on a algorithm that they built for themselves 👀
Discipline in trading is a true word. Without maintain discipline it will be very difficult to trade successfully. And to become professional Forex trader it is necessary that you follow proper discipline. I have found the best trading platform Forex4you. This is the only broker who is regulated and reliable and stable. In this global market place this broker gives a wide range of trading indicators, smart bridge of technology etc.
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
If you can't grow a small account, you can't grow a large account.
Trading should be boring! Especially fx trading. If it's exciting, then you're doing it for the wrong reasons or your adrenaline is kicking in because you're way over-exposed to risk or using too much leverage. The fun and exciting part is at the end of the month/year when you map out your equity curve and see where 50-55% of all those 'boring' 1-2% trades with 2-3:1 R:R+ got you :)
Actually trading is very easy ... What’s not easy is being consistently profitable ... :-)
Many traders are losing because of impulsive brains and not being able to wait and control emotions. Trading requires a very strong and functioning prefrontal cortex.
trading isn't for everyone
There is a good point in here: where to start from? I mean, a few hundreds or a few thousand $ account will teach you how difficult it is to be profitable and even if you are, you will soon realise that you cannot live out of those few 100$ profits made over a month or two. So you try to find a way to increase the trades, be more accurate and icrease the risk. When these factors kicks in, it's the beginning of the end because you will more exposed to the risk (by opening more trades), more in pressure and more emotional.
These guys make it look so difficult believe me it is not
The only way to learn this thing cut all these social media or so called expert do it yourself
crazy thing is that i turned 1k to 5k in two months ... and with 2 mistakes lost them all ... hearing this get me even more angry to not being more caerful with my gains
Haha we've all been there brother, don't sweat it! That's the trial by fire most traders need to go through. The important question is, can you do it again? And this time, can you protect the capital and keep it? Process over outcome :) you'll be fine. Just focus on your psychology now, since you've already proved you know how to make money. Now it's about keeping it.
Trading is a nice passive income long-term..
Why try rush the process..
Risking 1% of my account on any one trade means, to me, that i set my stop so that i only lose 1% if i'm wrong. It doesn't mean i only position with !% of my capital. No need to be bored, there's always the next set-up.
Awesome vid.
Trading really is a marathon not a sprint :)
most of traders losing because we wants more and we wants from $1.00- $1000,000.00
ha that bald guy just proves it no patience. .
Last 2 days I have taken 3000 to 24,000
It is important to not get in unless you have a plan ... in fact just bought a call on eur/usd and my stop is at break even with another 15 k profit that profit is at a 25 percent pull up from the last move
That guy just said it all
I don't have the patience
That's what you must have
Old saying you want to make a million in the markets start with 2 million lol
If you can't turn 1000 dollars into a million you can't turn 500 k into a million
The bald guy with the glasses is just frustrated because he failed at trading
Bottom line-this is not a get rich quick venture, get that idea out of your head!
This is very very substantial.. im a struggling trader and I know how to profit from trades but most of the time Im impatient and have that bad habit of having that mindset of get rich quick and then at the end of the day i would blew an account in one day even if im a constant profitable in the past 3 weeks..
Great content!
in sythentics 500% is average , some do 3000% V75, V50 , crash and boom 1000 etc .....those that know will attest to this .
Yeah idk man, there's people out there who are quiet that can trade up to 50% of there account and win based on a algorithm that they built for themselves 👀
take 2 accounts and trade on each one same stock but oposite directions and ull see how it halts for a few seconds
Does the interviewer not understand compound interesr?
Everything said couldn't be further from the truth.
it is possibleover trade and be lucky to be in these market with good movesoverall all such 1000 or 600% is meaning less
if 90% people are loosing money someone should bet against them to be the winner :)
Exactly!!
They're easier to find and will normally call there trades on twitter. Learning to fade them can be profitable.
great great great education materials!
Thanks!
Can $100000 in an account give enough reasonable return to live off?
I know a guy that turned $500 into $630000 in 7 days. lol
Discipline in trading is a true word. Without maintain discipline it will be very difficult to trade successfully. And to become professional Forex trader it is necessary that you follow proper discipline. I have found the best trading platform Forex4you. This is the only broker who is regulated and reliable and stable. In this global market place this broker gives a wide range of trading indicators, smart bridge of technology etc.
500 @ 1% a day comes to about 1 million in ac year -compound interest