👉 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 🥰
hello, can you teach me on how to buy and how to sell, coz i know when to buy and sell buy how is a problem, i'm using this demo account but i could ve a to sell or t0 buy
Tip from me: don't trade real money until you are consistently profitable on demo account, don't trade large amount of money until you are consistently profitable with small account.
Tip from me that I wish I'd have discovered sooner: Don't copy people's style or strategy. It will drive you mad, you won't know why you're doing what you're doing, and it will never feel natural or organic. Scan the charts yourself, study the tops and bottoms, how they're formed, and how they are all similar, then find a method to spot these; and create a system around it. Using your own time-frames, and conditions.
I am self taught and a newbie in trading, I did exactly what you describe above and got burned, my first two weeks in trading were fine until I started receiving tips on how to do things and the person who's giving tips has their own strategy -which did not work for Me.
This is great advice, I broke all of those rules when i was starting out. Like you, they were all mentioned to me at some point but didn't listen. So i learned it the hard way . For those reading this, take note of the points mentioned in this video, it will save you a tremendous amount of stress.
I've seen plenty of videos in which a dumb guy dressed on a cheap suit pretending to be Bobby Axelrod explains how to become rich in 1 minute, and I can gladly say that this one stands out. A humble and honest guy giving us a piece of advice, instead of a money making formula (which allmost never works). Thank you!
Excellent advice. And one more thing you should be wary of if you end up losing a weeks worth of profit: DON'T TRY TO CHASE LOSSES! You will get burned even more...
There is sooooo much money in trading. Get with people that support you in what your doing ie: groups, friends etc. some people think trading is not work and you might feel the same way when you start making the cheddar, you might even feel ashamed that your not out ditch digging because the money is made sometimes easily. Stick to your plan and keep banking your profits and working towards a monthly salary.
Tip from me that I wish I'd have discovered sooner: Do not take any training courses or advice from brokers. There is a major conflict of interest from brokers wo take the other side of your trades. Also, do not take any advice from trainers who have an IB agreement with any broker - again, a major conflict of interest. Great video.
Spot. The. Heck. On. These have been rules of mine and are essential to trading success. All of these are all very important and you can not survive without each. Very good job mate... this is what I call a million dollars worth of free advice.
Best advice I received is to trade very small at the start and journal all your trades. Once you have a set of trade data, analyse it to find out what trading style fits your personality. It is when there is a conflict between your personality and the style you trade which is the main reason why New Traders cannot stay disciplined to adhering to their trade plan
6. Patience is vital. Buying and Selling Mentalities are very different (greed vs fear). The market is not symmetrical in behavior, so try to avoid buying BIG at the top of a long Bullish run and selling BIG near the bottom of a Bearish run, because you will often be in a large losing position, before you have time to do anything about it. Wait for your entry signal and if it doesn't come, don't sweat it, regardless of any feelings that you may have missed out. There will always be another opportunity! Losing due to impatience is the #1 pitfall of most day traders.
Good tips. Mine is find the style of trading that suits your goals and your personality. I tried Day Trading ... not for me, ... I tried Swing Trading ... not for me, I tried Longer Term Trading, ... Yes! That is for me. It took 4.5 years and much midnight oil burnt to find the right way for me. That fits my goals and my personality.
Your review and advice are rationale and sensible. "Filter out the noise" is important and making it a long term goal with consistent learning and investing within one's capacity. It works.
I like what you said about blocking out the noise. As someone who just started I’m trying apply due diligence in the homework that needs to be done before choosing a stock but I need to stop being tempted to look in on the chats and conversation rooms because I only get confused by all the opposing advice and don’t know what to think.
1. start small 2. Definitely filter out all ideologues and pumpers 3. combine great fundamentals assessment of companies with technical analysis 4. never chase your losses, focus on trading better 5. focus on the love of the game, not money.
I wished find your channel before opening my account. would saved me some cash. I'm closing my account as soon my positions closes and I won't open anymore. I don't want burn cash and you opened my eyes. I just don't have enough cash or knowledge to trade this and will keep my studies using demo account. I'll put my money on stocks and forget about it.
This advice is exactly what I got from Ana Coulling, who is the author of a few books I’ve been reading. I’ve been following this channel for a while. Glad to get a confirmation I’m starting off on the right foot.
Hello ,I'm new in forex trading,I have watched alot of videos on how I can benefit from forex but it isn't working,I guess I'm doing it all wrong ,can anyone help please?
what is trading about. make up your mine be positive about your thinking work with right people study to know the right people have on time attitude focus safe and invest your profit.
Thanks for sharing the video its very eye opening for those beginning their trading journey, One of the things i wish i had known is not to have a get rich quick mindset of making millions within the first few years. In this industry there are people out there selling the dream with nice cars and houses but its just not realistic. instead have patience by taking it slow and accept that losing and taking losses are a reality .
Hello,I am new to forex and really need more information,I have lost a lot of money on forex recently and I see alot of people earn from it.can anyone tell me what I’m doing wrong.
These are not only for the FOREX market but these the good also for any person who wish to start TRADING! I was looking actually for the details like SWAPs calculation which is when you leave your position overnight. This is one thing that is not discuss most.
what are options in the UK called? are they called CFDs? when I buy a call (or if they're called CFDs), do I get a charge for buying that call? when I buy a call, is there an amount of time I have to hold it for? can I sell it for example 1 second later? and if I sell it before that time do I get charged more?
Options are options - there are call and put options and they different to CFD trading. Call options have an expiry date - yes you can usually sell it before expiry. Not that proper options are different to binary options - binary options are gamified gambling and you should steer clear from them.
Sir,Is daily trend important for forex trader who is trading in the direction of 4 Hour trend,with retracement on 1H chart ,using 15 minute price action.My observation is that DAILY TREND SHOULD NOT BE TRENDING DOWN,DAILY NEUTRAL TREND/RANGE BOUND IS OK.(AFTER ALL WHEN ALL 3 TRENDS, DAILY,4H, 1H MATCH,PRICE IS EXPENSIVE TO BUY & TOO CHEAP TO SELL & ODDS OF MAKING PROFIT IS LESS THAN 50%.GUIDING TREND SHOULD BE 4H,when trading 15 minute price action for entry--your input/wisdom would be appreciated.Thank you.
I thank you greatly for taking time to point out to newbies like me who is considering going into the trading business these 5 simple advice, I feel its honest & to the point. God bless
Trade small. Getting started with one million USD! Half invested, already realizing the benefits of Mutual funds and ETFs. Biggest lesson has to be to not hold onto a bad trade. Use stops and don't be naïve thinking a bad trade will swing back your way. Better to cut your losses sooner than later.
Great advice, thanks. I'm still green, so far my best piece of advice is learn a strategy that works for you personally rather than just copying someone elses. Good luck guys !
Not ur normal video just real advice that u can apply and better yourself if u really desire. Another advice really for your mind is just always look to improve and don't settle when u think u done enough. With everything u can always do better and improve with ur skill.
I love this and I have some bitcoin and willing to invest but I don’t have much experience to trade it so I’m looking for a good trader who can do that with good ROI
You are probably better off taking it slowly and learning how to invest yourself. Asking someone else to do it for you is basically asking to get scammed. No one cares about your money as much as you do.
✅ Guys/Girls check our TH-cam playlist dedicated to trading Forex: th-cam.com/play/PLnSelbHUB6GSkemabSElvunFNn0SoMUTF.html 👉 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 🥰
That between Demotrading and real money trading there is an ocean to be crossed. Demo is good, but real money is much more stressfull and you actually can't have any emotions while you trade.
My tip would be keep enough money for back up ...if you can back up your stocks , that's it profit will come easily .again saying you must have to have back up money .
90% of online traders lose 90% of their capital in the first 90 days. You need to invest some serious time in learning how these markets work, setting up a risk policy & limits to which you absolutely must adhere. As for options, really understand the drivers that affect the price: underlying assets prices, volatility, interest rates, maturity and, if relevant, dividend yields. If you just want to make money off an underlying, go to Vegas, have fun and out your money on red or black! This is basically binary options.
great advice, im pretty new to the game and am still learning on demo and going alright partly due to the high demo balance and not getting closed out of trades. so was wondering if anyone knows of a demo platform that the balance can be changed? 100k balance is not realistic for me, I am more likely to start with a 1-5K balance, then it would be interesting to see if my trades would get closed out
cool advice thx alot ! what do you guys sugest for a beginner how havent done ONE trade ? I started to inform myself with one specific chanel but im not sure when to REALY start ! shall i do alot of training on software or just start trading with a very amount of money ? im looking for forex or penny stock
Starting out with a very small amount of money at first is a good way to start if you're new to trading. But I would also suggest you to stay away from penny stocks if you're a beginner.
Forex is okay. You can also try individual stocks. What is important is that you start small and stick to small trade sizes so that if you get it wrong you don't suffer material losses.
👉 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 🥰
Bang on the money.
1. Start small
2. Focus on risk
3. Filter out the noise
4. Stick to one method
5. In it for long term
Good luck all traders.
my tip would be analyse your losses more strictly than your wins, it teaches you so much more
hello, can you teach me on how to buy and how to sell, coz i know when to buy and sell buy how is a problem, i'm using this demo account but i could ve a to sell or t0 buy
Wow! Not many people will think if it, so thank you. There are valuable lessons in losses.
Tip from me: don't trade real money until you are consistently profitable on demo account, don't trade large amount of money until you are consistently profitable with small account.
Risk Management in trading is everything... When I started I didn’t consider that and that the reason why I blow out my first and second account
I use my demo account to test different strategies and tactics before I engage a live trade.
Start small and start Demo!
Tip from me that I wish I'd have discovered sooner:
Don't copy people's style or strategy. It will drive you mad, you won't know why you're doing what you're doing, and it will never feel natural or organic. Scan the charts yourself, study the tops and bottoms, how they're formed, and how they are all similar, then find a method to spot these; and create a system around it. Using your own time-frames, and conditions.
I am self taught and a newbie in trading, I did exactly what you describe above and got burned, my first two weeks in trading were fine until I started receiving tips on how to do things and the person who's giving tips has their own strategy -which did not work for Me.
zdrux certificate and order in your own strategy.... thanks
i think all we need are shown in this video. They are more detailed than yours.
good point, Order placement is just a click, pay more attention on analyzing the chart !
I am agree with you
This is great advice, I broke all of those rules when i was starting out. Like you, they were all mentioned to me at some point but didn't listen. So i learned it the hard way . For those reading this, take note of the points mentioned in this video, it will save you a tremendous amount of stress.
i am planning to start, thank you for your encouragement.
I've seen plenty of videos in which a dumb guy dressed on a cheap suit pretending to be Bobby Axelrod explains how to become rich in 1 minute, and I can gladly say that this one stands out. A humble and honest guy giving us a piece of advice, instead of a money making formula (which allmost never works). Thank you!
E Ferrer liked your comment coz you referred to Billions
Excellent advice.
And one more thing you should be wary of if you end up losing a weeks worth of profit: DON'T TRY TO CHASE LOSSES! You will get burned even more...
There is sooooo much money in trading. Get with people that support you in what your doing ie: groups, friends etc. some people think trading is not work and you might feel the same way when you start making the cheddar, you might even feel ashamed that your not out ditch digging because the money is made sometimes easily. Stick to your plan and keep banking your profits and working towards a monthly salary.
It’s the John nelles guy🎉🎉 congrats
Tip from me that I wish I'd have discovered sooner:
Do not take any training courses or advice from brokers. There is a major conflict of interest from brokers wo take the other side of your trades. Also, do not take any advice from trainers who have an IB agreement with any broker - again, a major conflict of interest.
Great video.
Bro make a video of how to use forex demo account. There is no single video of giving clear details of how to use forex demo account.
1. Start small
2. Focus on risk
3. Filter out the noise
4. Stick to one method (market)
5. Be in it for the long term
Focus on the knowledge first, the money will eventually come in later.
Demo trading is a must have before starting forex trading i believe.
I'm currently mastering simulation trading with ICT and TCM concepts: $100-$1k comfortably.
One of those youtuber who come across as a honest human being. Thanks for the videos.
Spot. The. Heck. On. These have been rules of mine and are essential to trading success. All of these are all very important and you can not survive without each. Very good job mate... this is what I call a million dollars worth of free advice.
Best advice I received is to trade very small at the start and journal all your trades. Once you have a set of trade data, analyse it to find out what trading style fits your personality. It is when there is a conflict between your personality and the style you trade which is the main reason why New Traders cannot stay disciplined to adhering to their trade plan
6. Patience is vital. Buying and Selling Mentalities are very different (greed vs fear). The market is not symmetrical in behavior, so try to avoid buying BIG at the top of a long Bullish run and selling BIG near the bottom of a Bearish run, because you will often be in a large losing position, before you have time to do anything about it. Wait for your entry signal and if it doesn't come, don't sweat it, regardless of any feelings that you may have missed out. There will always be another opportunity! Losing due to impatience is the #1 pitfall of most day traders.
Good tips. Mine is find the style of trading that suits your goals and your personality. I tried Day Trading ... not for me, ... I tried Swing Trading ... not for me, I tried Longer Term Trading, ... Yes! That is for me. It took 4.5 years and much midnight oil burnt to find the right way for me. That fits my goals and my personality.
Kim Andrews awesome 💢💢💢
What amout are you going to start with,am in kenya and I need to know..
great video,, thanks from Indonesia
Only genuine TH-cam providing quality content! Cheers!!
Your review and advice are rationale and sensible. "Filter out the noise" is important and making it a long term goal with consistent learning and investing within one's capacity. It works.
I use a demo account to cross test strategy and techniques before engaging the FX market as it's a fierce and competitive one.
you took years to learn this and made us to learn in few minutes now its up to us how stickly we will implement it..Very thanks
Pls, can I start to Trade with my phone.. or is it necessary to get a laptop before trading?
I like what you said about blocking out the noise. As someone who just started I’m trying apply due diligence in the homework that needs to be done before choosing a stock but I need to stop being tempted to look in on the chats and conversation rooms because I only get confused by all the opposing advice and don’t know what to think.
1. start small
2. Definitely filter out all ideologues and pumpers
3. combine great fundamentals assessment of companies with technical analysis
4. never chase your losses, focus on trading better
5. focus on the love of the game, not money.
You just have to know that as a beginner you need to be patient but focused.
I wished find your channel before opening my account. would saved me some cash.
I'm closing my account as soon my positions closes and I won't open anymore. I don't want burn cash and you opened my eyes.
I just don't have enough cash or knowledge to trade this and will keep my studies using demo account. I'll put my money on stocks and forget about it.
I agree and definitely practice on a demo account before you go live to test yourself!!
Each of those words are so important they could be weighed in gold.Excellent to the point explaination ,to add to it.Thanks
Investing in the forex market will be the wisest thing to do especially with the favorable conditions of the market
after im watched your videos an practice....became full time trader thx a lot.
Sorry, how I can use, iam not understand
My advice. Always trade with right indicator. I have learned a lot using my indicators.
This advice is exactly what I got from Ana Coulling, who is the author of a few books I’ve been reading. I’ve been following this channel for a while. Glad to get a confirmation I’m starting off on the right foot.
Very true- Focus on Risk management.
The starting small and filtering all the noises
It was just like you're talking to me
Hello ,I'm new in forex trading,I have watched alot of videos on how I can benefit from forex but it isn't working,I guess I'm doing it all wrong ,can anyone help please?
what is trading about.
make up your mine
be positive about your thinking
work with right people
study to know the right people
have on time attitude
focus
safe and invest your profit.
Yeah...I didn't start small and I wasn't scared. Started with $750 and grew it up to $2,500 in 3 days.
Was trading $10 per pip
and then lost it all in bitcoin? :) lol what a looser.
Bit Coin that means your risk management is on point! Good job
How has it been going since?
How give me same tricks to trade
Thank you. I've started selling trading business. This will help me. You're are heaven sent!!!! South Africa was here...
Thanks for sharing the video its very eye opening for those beginning their trading journey,
One of the things i wish i had known is not to have a get rich quick mindset of making millions within the first few years.
In this industry there are people out there selling the dream with nice cars and houses but its just not realistic. instead have patience by taking it slow and accept that losing and taking losses are a reality .
Thanks for your advice.... Am just starting. So its a tip for me.
this is a really nice video i watched but i still need some assistance in my trading platform
This not only applies to Forex also applies to every Goal in life logically!
Hello,I am new to forex and really need more information,I have lost a lot of money on forex recently and I see alot of people earn from it.can anyone tell me what I’m doing wrong.
Just in time. I just started my forex CFD trading.
ma.theresa sarmiento hows it going so far?
These are not only for the FOREX market but these the good also for any person who wish to start TRADING! I was looking actually for the details like SWAPs calculation which is when you leave your position overnight. This is one thing that is not discuss most.
Thank you for the usedul information, trying trading and im choosing forex for the first time.
love your teaching, very easy to understand, number 1 for me.
Excellent advice. I will just add focus on a series of trades not an individual trade.
what are options in the UK called? are they called CFDs?
when I buy a call (or if they're called CFDs), do I get a charge for buying that call?
when I buy a call, is there an amount of time I have to hold it for? can I sell it for example 1 second later? and if I sell it before that time do I get charged more?
Options are options - there are call and put options and they different to CFD trading.
Call options have an expiry date - yes you can usually sell it before expiry.
Not that proper options are different to binary options - binary options are gamified gambling and you should steer clear from them.
Sir,Is daily trend important for forex trader who is trading in the direction of 4 Hour trend,with retracement on 1H chart ,using 15 minute price action.My observation is that DAILY TREND SHOULD NOT BE TRENDING DOWN,DAILY NEUTRAL TREND/RANGE BOUND IS OK.(AFTER ALL WHEN ALL 3 TRENDS, DAILY,4H, 1H MATCH,PRICE IS EXPENSIVE TO BUY & TOO CHEAP TO SELL & ODDS OF MAKING PROFIT IS LESS THAN 50%.GUIDING TREND SHOULD BE 4H,when trading 15 minute price action for entry--your input/wisdom would be appreciated.Thank you.
I thank you greatly for taking time to point out to newbies like me who is considering going into the trading business these 5 simple advice, I feel its honest & to the point. God bless
Wish i had known about the relationship between risk reward and win rate in relation to each other and the Risk of ruin !!!
How do I get started I need help
Very informative and helpful. Thanks! For sharing.
I use Harmonic Scanner and about 3 other strategies. I think u should have 3 strategies otherwise 1 limits success
yea
The fx market is constantly changing, so traders need to understand the ups and downs of the market.
Great video! Just starting out as a trader and this sounds like really sound advice.
Thanks.so informative and clear to understand especially l am new in this forex
You should candle pattern compulsory
One of the best vids. Excellent job, all the best!
Trade small. Getting started with one million USD! Half invested, already realizing the benefits of Mutual funds and ETFs. Biggest lesson has to be to not hold onto a bad trade. Use stops and don't be naïve thinking a bad trade will swing back your way. Better to cut your losses sooner than later.
Great advice, thanks. I'm still green, so far my best piece of advice is learn a strategy that works for you personally rather than just copying someone elses. Good luck guys !
Excellent video soo far...thanks soo much for the golden advice....
Which i followedc a better risk management system and master your trading techniques with smaller accpount.
Not ur normal video just real advice that u can apply and better yourself if u really desire. Another advice really for your mind is just always look to improve and don't settle when u think u done enough. With everything u can always do better and improve with ur skill.
Nice video.....using a simulator really kick starts the learning curve. Love the advice as well.
I love this and I have some bitcoin and willing to invest but I don’t have much experience to trade it so I’m looking for a good trader who can do that with good ROI
You are probably better off taking it slowly and learning how to invest yourself. Asking someone else to do it for you is basically asking to get scammed. No one cares about your money as much as you do.
Yet it is a good option to learn form those experiences who made mistakes and learned from them, thanks for your video.
✅ Guys/Girls check our TH-cam playlist dedicated to trading Forex: th-cam.com/play/PLnSelbHUB6GSkemabSElvunFNn0SoMUTF.html
👉 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 🥰
Is there any way of getting live capital flows data of a country like currency FX??
That between Demotrading and real money trading there is an ocean to be crossed. Demo is good, but real money is much more stressfull and you actually can't have any emotions while you trade.
Back testing your strategy,after you find out the results trade it for a while on a demo than start with small risk IE small money
Thank you for sharing these simple realistic tips🙂
Thank you, thank you, thank you....this was excellent feedback. Especially rules number 1,2, and 4.
I will start trading soon . I will also be filthy rich in the next couple years . (I’ll come back to this to let y’all know what’s up)
as a new starter this is an invaluable video. thank you .
Sir, U are Awesome, very well presented.
Thanks for an advise I am still on demo and some pdfs I am so willing to make a change in my life hopefully I will make it
Priceless piece of advice 👍
Thanks for a great video 🙏
I’ve heard to never sell stocks when they’re down, is this accurate? As in should I always just wait till they go back up?
My tip would be keep enough money for back up ...if you can back up your stocks , that's it profit will come easily .again saying you must have to have back up money .
Experience is really the best teacher. Great video. Thanks
how can i?
I wish I had known these before starting trading. I think I knew these but chose to ignore like many other rookies. :D
90% of online traders lose 90% of their capital in the first 90 days. You need to invest some serious time in learning how these markets work, setting up a risk policy & limits to which you absolutely must adhere. As for options, really understand the drivers that affect the price: underlying assets prices, volatility, interest rates, maturity and, if relevant, dividend yields. If you just want to make money off an underlying, go to Vegas, have fun and out your money on red or black! This is basically binary options.
great advice, im pretty new to the game and am still learning on demo and going alright partly due to the high demo balance and not getting closed out of trades.
so was wondering if anyone knows of a demo platform that the balance can be changed? 100k balance is not realistic for me, I am more likely to start with a 1-5K balance, then it would be interesting to see if my trades would get closed out
You helped me broo..
Am gonna make millions now!!
Why is it that most traders on youtube are English or Australian? It really intrigues me...
I was ignorant trading FX myself and really I have lost about 13,000usd.
cool advice thx alot ! what do you guys sugest for a beginner how havent done ONE trade ? I started to inform myself with one specific chanel but im not sure when to REALY start ! shall i do alot of training on software or just start trading with a very amount of money ? im looking for forex or penny stock
Starting out with a very small amount of money at first is a good way to start if you're new to trading. But I would also suggest you to stay away from penny stocks if you're a beginner.
@@ukspreadbetting okay thx! You suggest forex then? Or there other option?
Forex is okay. You can also try individual stocks. What is important is that you start small and stick to small trade sizes so that if you get it wrong you don't suffer material losses.
Very sane, very practical suggestions.
Yes and it works for me