How to Trade Forex for Beginners (Dummies Guide)

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  • เผยแพร่เมื่อ 22 ต.ค. 2024

ความคิดเห็น • 118

  • @oscardlarosemusic6344
    @oscardlarosemusic6344 6 ปีที่แล้ว +26

    Haha i like that:
    "Keep yo with The markets NOT The Kardasians".
    Well stated!!

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว +1

      Gotta go where the money is 😉

    • @maroInn85
      @maroInn85 5 ปีที่แล้ว

      @@KarenFoo u know i actually googled what is the word kardasian is then pop one celebrity up i was like wat is that .. but after u replied okay understood !!! hahaha XD

    • @KarenFoo
      @KarenFoo  5 ปีที่แล้ว

      @@maroInn85 Haha they do a lot of reality shows.

  • @patient0863
    @patient0863 3 ปีที่แล้ว +1

    Karen you are a complete and absolute................AWESOME PERSON!!!!!!!!!

  • @countyourmiracles.7734
    @countyourmiracles.7734 4 ปีที่แล้ว +1

    I'm so lucky to find this channel.
    You don't know how helpful you are, Karen.

    • @KarenFoo
      @KarenFoo  4 ปีที่แล้ว +2

      I'm glad I could help

  • @amandashepherd8773
    @amandashepherd8773 5 ปีที่แล้ว +2

    Thankyou, today is the 1st time Im researching about FX. So happy to find your explanations. Now onto more research and more of your videos.

    • @KarenFoo
      @KarenFoo  5 ปีที่แล้ว

      Happy watching!

  • @ahon446
    @ahon446 6 ปีที่แล้ว +1

    Step 9 that really working for me now as first year part time trader on demo account is focus on one forex pair only . This really decrease the stress and help me focused and apply different learnings . Thanks again , Ahmed from Japan

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว

      Yes Ahmed very good point raised. Thanks for bringing that up.

    • @liveandlearningbydoing9714
      @liveandlearningbydoing9714 3 ปีที่แล้ว

      Agreed !!! Focus decreases stress and emotion

  • @ahon446
    @ahon446 6 ปีที่แล้ว +1

    Thanks Karen , I am ahmed from Japan .this is my first year in trading , I still in demo account learning . I really wish all beginner to see/understand your videos. One of my friends brainedwashed by someone who told him that 30%is minimum profit to make a month. Unfortunately when I saw how he is trading he cannot even draw a trend line properly and insisting that fundamental analysis is not important and not willing to learn . Thank you again Karen and please keep sharing videos ( Ahmed from Japan )

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว +1

      Youre welcome Ahmed. Your friend needs to learn from the right sources. Way too many people getting brainwashed. Wow you're from Japan. Hope to visit some day :)

    • @ahon446
      @ahon446 6 ปีที่แล้ว

      Karen Foo please come visit one day ;)

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว +1

      @@ahon446 I'd love to :)

  • @rickburns9156
    @rickburns9156 3 ปีที่แล้ว +1

    I'm just trying to get started but it's difficult to understand her I'll watch video again.💙💪🏿

  • @sureshbalajia2465
    @sureshbalajia2465 6 ปีที่แล้ว +1

    Well planned steps to follow,Karen.. it was great.. I don't know if you have done previous video about best broker for forex. If u haven't please make a video about that. Because it is very important. many lose their money without knowing about brokers. It would be helpful. Thank you

  • @jameshilaire4178
    @jameshilaire4178 5 ปีที่แล้ว +3

    I admit I do have to have a shot of expresso before your videos intense but good! Like my professors were in med school! Also like your sense of humor! Keep it coming!

    • @KarenFoo
      @KarenFoo  5 ปีที่แล้ว

      You were from medical school? I love a good cup of coffee :)

  • @MrMacDOminic
    @MrMacDOminic 6 ปีที่แล้ว +2

    Karen thank you so much for your unselfish contribution to traders and im looking forward for your next stock analysis video. Keep up the great work!!

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว

      You're welcome Jerome! I'll do stock analysis videos for you after i cover some basics because from my inbox..... people are asking me what's the difference between stocks and forex so I guess they really have some learning to do ;)

  • @judithomollo8220
    @judithomollo8220 2 ปีที่แล้ว

    Hey Karen. Thanks a million 😊. I am a brand new trader... trying to find my way out.

  • @judithomollo8220
    @judithomollo8220 2 ปีที่แล้ว

    I learn a lot from your videos.

  • @hassansiraj8008
    @hassansiraj8008 3 ปีที่แล้ว

    Your have make me change my trading chart your blessd

  • @obichereonyekachi8703
    @obichereonyekachi8703 6 ปีที่แล้ว +1

    I am so excited to have discovered this channel.... I like to understand more on the macroeconomic events...and generally FA

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว

      Thank you for your support. I've a video about FA you might wanna check it out :)

  • @naingsoeoo4205
    @naingsoeoo4205 6 ปีที่แล้ว

    Thanks Karen.This video appreciated for not only beginner but also traders.

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว

      You're welcome. I'm glad that it was helpful

  • @stuff350
    @stuff350 4 ปีที่แล้ว

    Thank you so much Karen please continue to educate us we love you. You are very much a blessing.

    • @KarenFoo
      @KarenFoo  4 ปีที่แล้ว +1

      You're welcome. I'll do my best

  • @imeldatjong8906
    @imeldatjong8906 6 ปีที่แล้ว +3

    Thanks Karen for this video, hope this will guide me to have better trades..:)

    • @protradingz
      @protradingz 6 ปีที่แล้ว +1

      beauty

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว +1

      Imelda. You're most welcome. All the best to you!

  • @graciepeace648
    @graciepeace648 3 ปีที่แล้ว

    thank you soo much this video is helpful

  • @nellynzau421
    @nellynzau421 3 ปีที่แล้ว

    Do you have a live trading channel?

  • @kenchristian8702
    @kenchristian8702 6 ปีที่แล้ว +5

    Thanks. This video just blessed my charts 😂😂

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว +1

      I'm glad it can bless your charts 😅

  • @softchimp4u
    @softchimp4u 4 ปีที่แล้ว

    I am trying to learn how to create a TP and SL without using any indicators. Tools used are support lines, resistance and trend lines. Please guide me in the process of mastering TP and SL.

    • @KarenFoo
      @KarenFoo  4 ปีที่แล้ว

      Its not what you use but how you use it

    • @softchimp4u
      @softchimp4u 4 ปีที่แล้ว

      @@KarenFoo Please guide me on using the TP and SL. How to do it? I am able to analyse charts, trendlines and create both support and resistance lines, now. All thanks to you!!!

  • @januarianramadhanikrisanto6524
    @januarianramadhanikrisanto6524 4 ปีที่แล้ว +1

    Thank you very much it help me so much

    • @KarenFoo
      @KarenFoo  4 ปีที่แล้ว +1

      Welcome!

  • @DeepakKumarSinha_dj
    @DeepakKumarSinha_dj 2 ปีที่แล้ว

    Great lesson 😊👌😊

  • @raymondkelly5955
    @raymondkelly5955 3 ปีที่แล้ว

    I'm new to forex and i find it difficult using these strategies well .where can i find a legal broker that will manage my account and also teach me how to trade ?

  • @gladmangoddey2362
    @gladmangoddey2362 6 ปีที่แล้ว

    am so happy to have found your channel. keep up the good work. from ghana

  • @alantan3004
    @alantan3004 5 ปีที่แล้ว

    Hi Karen which platform should beginners use for demo account?

  • @nicholasguama7200
    @nicholasguama7200 ปีที่แล้ว

    I have been practicing with paper trading and a situation arises @4hr time frame the trend is bullish,@1 hr time frame trend is bullish but @1 hr time frame is bearish? How do I trade

  • @KarenFoo
    @KarenFoo  6 ปีที่แล้ว +8

    What are the other steps that you do?

    • @lazy_monster_gamerz
      @lazy_monster_gamerz 6 ปีที่แล้ว +1

      TP or SL is set above or below the resistance line or support line ? correct ? if TP is around 30pips, SL is 50pips, but trends starting reversal, still maintenance the 50pips losses ?

    • @sureshbalajia2465
      @sureshbalajia2465 6 ปีที่แล้ว

      Definitely no.. see that's what she is trying to tell. Take quality trades. If you are going to take a trade for 5 mins. Do your research for 5 hours before you take the trade. And answer for your questions is. No u don't have to maintain same SL u could (if you are confident enough) the change your SL to more less equal to next formed level of structure.

    • @johnathangrey3463
      @johnathangrey3463 6 ปีที่แล้ว

      Unsure pal. But I think 2 and 6.

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว +1

      @@lazy_monster_gamerz you need to improve on your risk to reward

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว +1

      @@sureshbalajia2465 everybody's target is different as mentioned in the video. Yes and take quality trades rather than quantity

  • @kennyqiu1890
    @kennyqiu1890 5 ปีที่แล้ว

    Hi Karen, i think you missed out on Current Account Capital during the Position Sizing calculation. :P

    • @KarenFoo
      @KarenFoo  5 ปีที่แล้ว

      Yeah you're right. For this video😅 for my position sizing video, I go into more detail to address everything

  • @fightersfoo1111
    @fightersfoo1111 6 ปีที่แล้ว

    May I ask you a question,do you think it's possible for a trader to compound his or her account up to 6 figures account from just $100,$500 or $1000 only if he or she can be consistently profitable.

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว

      A more realistic number is at $5k

  • @jameshilaire4178
    @jameshilaire4178 5 ปีที่แล้ว

    Great video! You bring a realistic approach! Great content!

    • @KarenFoo
      @KarenFoo  5 ปีที่แล้ว

      Thank you for your kind compliment

  • @jameschristian3846
    @jameschristian3846 5 ปีที่แล้ว

    trading journal is good idea becos it make on to know the currency pair that give him or her conssistent profit

    • @KarenFoo
      @KarenFoo  5 ปีที่แล้ว

      Definitely

  • @Cvelicea
    @Cvelicea 6 ปีที่แล้ว

    Can you post something regarding entry points in the market and what is a good nr of pips stop loss?

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว +1

      Thank you for your feedback. I'll take that into consideration

  • @PatriciaHarris12
    @PatriciaHarris12 4 ปีที่แล้ว +1

    Do you have video with subtitles, having a hard time understanding what you are saying

  • @ghebrehiwetsemereab1658
    @ghebrehiwetsemereab1658 4 ปีที่แล้ว +1

    More explanation about how to read chart and trend charting

    • @KarenFoo
      @KarenFoo  4 ปีที่แล้ว

      I believe I've already done those videos

    • @cubazulu
      @cubazulu 4 ปีที่แล้ว

      What’s up bro. Ik of a curriculum that can help you with the whole run down on forex

    • @cubazulu
      @cubazulu 3 ปีที่แล้ว

      @@scottreymond6733 Sounds good what does he use?

  • @youngdesperado6163
    @youngdesperado6163 6 ปีที่แล้ว

    Good video Karen 👌🏽💯

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว

      Thank you so much

  • @Chockchip98
    @Chockchip98 4 ปีที่แล้ว

    What's the difference between forex trading and binary options??

    • @KarenFoo
      @KarenFoo  4 ปีที่แล้ว +1

      Binary options are mostly for idiots lol

    • @countyourmiracles.7734
      @countyourmiracles.7734 4 ปีที่แล้ว

      @@KarenFoo 😂😜 lol Karen

  • @hendersonrowland8655
    @hendersonrowland8655 5 ปีที่แล้ว +3

    If you wish to become a trader and achieve regular success from your trades, it is always advised to demo trade first. This gives you the opportunity to develop your trading strategy, practice it relentlessly, and increase your trading confidence.

  • @Precious999
    @Precious999 5 ปีที่แล้ว

    THANK YOU!!

    • @KarenFoo
      @KarenFoo  5 ปีที่แล้ว

      You're welcome

  • @saravanansubramanium8725
    @saravanansubramanium8725 4 ปีที่แล้ว

    Thanks miss god biles u

    • @KarenFoo
      @KarenFoo  4 ปีที่แล้ว

      Same to you

  • @randyarun947
    @randyarun947 4 ปีที่แล้ว

    What is H4 and H1

  • @xenastars
    @xenastars 6 ปีที่แล้ว

    Helpful

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว

      Glad to know;)

  • @desitrading9847
    @desitrading9847 6 ปีที่แล้ว

    Hello my Medam how are you i am binary trader making good money I just wanna join forex any broker suggestions who payout legally

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว

      I've already made a video on this

  • @peterpeter5324
    @peterpeter5324 4 ปีที่แล้ว

    too smart 4 me, i just have to watch this 99 more times

    • @KarenFoo
      @KarenFoo  4 ปีที่แล้ว

      Feel free to watch as many times 😏

  • @sekoatiholdings4420
    @sekoatiholdings4420 6 ปีที่แล้ว

    my leader

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว

      Aww thank you :)

  • @callistusainachanbang7783
    @callistusainachanbang7783 6 ปีที่แล้ว

    How do I get your videos and at what cost

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว +1

      Email my team for mentorship details (admin@karen-foo.com)

  • @waterbender1028
    @waterbender1028 3 ปีที่แล้ว

    Thanks. You give Karens a whole new reputation.😀

    • @KarenFoo
      @KarenFoo  3 ปีที่แล้ว

      Dont judge people by their name especially when they gave it to themselves 12 years ago

    • @waterbender1028
      @waterbender1028 3 ปีที่แล้ว

      @@KarenFoo This was a joke. Lighten up.

  • @harrissimeon8028
    @harrissimeon8028 6 ปีที่แล้ว

    Your appreciated Foo

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว

      Thank you so much

  • @hassansiraj8008
    @hassansiraj8008 3 ปีที่แล้ว

    How can i do that

  • @nilbertpacheco7070
    @nilbertpacheco7070 6 ปีที่แล้ว

    Where can I see some news?

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว +1

      You can go with forex factory as a start

    • @nilbertpacheco7070
      @nilbertpacheco7070 5 ปีที่แล้ว

      Hello Karen. I am struggling. Please help me by sharing your best trading strategy. Please.. Thank you very much. I'm nilbert from Philippines

  • @chrisg4433
    @chrisg4433 3 ปีที่แล้ว +1

    This ain’t for beginners

  • @countyourmiracles.7734
    @countyourmiracles.7734 4 ปีที่แล้ว

    Dummies guide", lol

  • @scottybroker
    @scottybroker 5 ปีที่แล้ว

    TOO FAST

  • @jonw952
    @jonw952 6 ปีที่แล้ว

    In all my trading steps, I ask myself what many subscribers ask of Karen.. WWKD?... What Would Karen Do? She shall lead us from temptation and deliver us into profits.. For thine is the kingdom of her knowledge and profits be spewn to thee forever and ever make it rain, AMUN! Or, am I thinking of someone else? Oh Well..

    • @KarenFoo
      @KarenFoo  6 ปีที่แล้ว

      Jon. You're definitely more poetic than i am. And that can be a new hashtag don't you think? #wwkd. haha. Thanks for entertaining me and i wish you all the best!

    • @jonw952
      @jonw952 6 ปีที่แล้ว

      Karen Foo
      Ahahah Yea, rock it.. Or put it on a shirt lol. Thank you for being an inspiration and having great content! #WWKD