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...
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
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?
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”.
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
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
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-$3k a month with my trading plan and I’m only a year in just by taking time to learn!
ive been into fx for 3 years now and short note for you, the common mistake i see is your risk to reward. Research more about risk to reward. i think that will completely change your mindset.
Yea like his wins are so small compared to his losses, he needs to even those out and try to break even before he tries to profit- hes basing everything on emotion and trying to predict the market instead of using an actual strategy. Not to mention switching indicators all the time- its no wonder hes losing so much
Jonathan Bauer exactly trading needs lot of practice of technicals and as well as mentally, its one of the toughest jobs out there, but its soo rewarding if you put in time. And mainly you’ll have to know your emotional trigger points in real life and study about how them, the emotions in trading will come from your real life, main 3 pillars of trading is technicals, Mindset, Risk management, no one in internet cares about it, because all they want to sell are some shitty courses. And Stick to one strategy, see if your trying a new strategy its not gonna work from Day 1. You will have to keep on executing, so that you’d know better about the strategy and make your own rules with it. Also main mistake i see is he keeps on hopping on one system to other. Its not his fault, thats how we are build you know, trading is just like becoming a better person overall.
@@kaushikkay9207 I completely agree, I actually trade regular stocks instead of forex, ive been using papertrading and then 100$ 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.
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.
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 😂🍊
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.
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.
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
“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
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
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
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 .
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.
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.
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
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!
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.
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
@@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
That 12 am spike happens because London is beginning to trade. Draw support and resistance lines and look for breakouts around this time. I don’t play with small candles.
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.
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.
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 TH-cam 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.
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’ve tried multiple strategies and the winner for me has been, technical analysis “naked trading”; (I’m an intraday trader).No indicators just a clean chart. I look for trend in the Daily/4 HR timeframe, supply and demand zones in 4 HR timeframe and price action for entry. Forex is not a scam, you must be patient and be ready to dive in and learn a lot and find what works for you. Try a strategy for 90 days and if it works, there’s no need to jump around looking for different strategies. Find your trading style, be consistent, do not over leverage and DO NOT let emotions get in the way.
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 ;)
I love how real you are! No sugar coating 👌🏽. I was quite skeptical about forex trading and you’ve shown me exactly how it’s like. It’s basically just gambling
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.
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.
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 .
Insightful video, I heard a speaker on internet radio talk about how he retired at 38 after making $872,000 profit within 4months with a capital of $250,000 during the market downtrend of 2008, I’m a beginner and I really would appreciate any tips or pointers on how I could make this much profit.
@Gary holland I’ve always wanted to invest extensively into stocks though I’m not in the U.S but I lack mentors/brokers who are good and can properly manage investments…any idea how I can connect to Rita? Thanks
@Gary holland I searched her as well, and I can say I’m super impressed with her investment skills, I already wrote her an email through her website and I can’t wait to begin with her.
@Cody James Number one pointer: go to www.mql5.com/en and find the great technical indicators on their code base, also use mt4 or mt5 trading platform (also people like the ones above are bots that suggest a scam investor, don't fall for it)
I make a good secondary income trading forex, but I believe many go about forex the wrong way without a proper strategy on how to make an ideal trade investment.
In making a safe investment it's best to have a strategy on loss, thanks to the professionalism of Expertjoefx my investments are diversified into various assets classes that way I can survive no matter what the market throw at me.
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.
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 TH-cam are good video references.
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.
You should not short if the retracement is too low, need to let the stock run up abit more before shorting , the sweet spot would be around 40-60% retracement to previous resistance
divergence means it goes the opposite way afaik, so at 10:04 you should have been looking for a buy (if you were going off divergence) as down trend is lower highs and lower lows, while the rsi is DIVERGING from the chart instead of following its highs and lows. No need to memorize 6 examples of bullish/bearish divergence. TLDR; If rsi is following highs and lows, trend continues, if rsi DIVERGES reversal incoming. Though I don't trade divergence personally and in backtesting it doesn't always reverse with divergence.
As you probably now imagine, triple digit returns promised by internet marketers would translate into 100s of millions of dollars over time from trading forex. This is just not adding up.
Well you can easily make that triple digit returns however, you won't really be trading with much money also the greater the money you use the greater the loss you can potentially take trading with a 10million USD for every 10% loss you lose 1million USD can you do that? It'll affect you no doubt about that also these "Internet Marketers" are correct in what they said although they may be scammers however, it is true that you can easily make money in Forex
I've been trading for 4 years and I do it full time, one the few that grafted through the losses to make it. Watching this video is painful obviously I understand he has only been trading for 32 days but for those who watch this and think that is how to analyse charts it is so far from it. Higher time frames are you, friend, I would never even look at the 5min chart unless I am scalping which again is not a good way to make money if you're pro. I respect what he is doing though. For me, it took me about a year and losing 10k before I even got the basics and about 3years before I became pro. Becoming a forex day trader is a journey and something I would only recommend if you are extremely passionate as most people quit between year 1-2 plus the stress that comes with the first few years for most people is not manageable for everyone.
Joshua Cutler you can’t be a pro, takes 10 years to master something all the “pros” work at hedge funds. After they have worked at a hedge fund for 5 years they start a hedge fund with a partner.
@@satisfyinglook8291 it all depends on you, you don't really need 10 years to master it maybe 1 year is more than enough as long as you digest the information you find and practice it, some people have mastered it in a month years ago when the internet didn't have as much knowledge available and had to come up with stuff they took 8 years to master it and now you're telling me after all this information becoming available and you have access to all you need that you need 10 years to master it? We're going backwards this way buddy if you're dedicated you can do it in 1month-1year, although not many can do it in a month it is in fact possible.
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 .
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
@@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
@@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
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
This is the best time to invest your money and the worst time to lose your funds, Quit gambling and reach out to a trusted investment firm. I just bought and moved to a $12m house this lockdown.
That's amazing, it's so difficult to pick the right stocks to invest in. I lost over $400k during this similar crash in 2008. Most people invest blindly this period, there will be a lot of “had I known after all" this.
How much you make from trading the markets depends hugely on the right strategies and the right instincts. For people like me who don’t want losing it all always go for brokers who do that and make sure we get our withdrawals.
Speaking of this , i got to learn the hard way. I incurred losses of up to $1600 my initial start up amount before a friend referred a broker to me who’s been consistent and a total life saver.
My trader is Mr George Holder and he’s been nothing but great. My weekly withdrawals comes in upon request and he always keeps me up to date on the progress.
The hard truth is that many find it hard to sustain profit in the forex market but do not lose hope yet, people who have to traded with Mr George Holder have gone on to become very good traders. I also trade with him and advise you do the same.
Forex trading is all about Risk Management, SL/TP ratio and Psychology. This distinguishes if your are just gambling or speculating like the pros do. And trust me there is a big gap between gambling and speculating.
Biaheza.. follow a 2:1 plan.. risk 1 to win 2.. set a stop loss of $10 and take profit at $20.. if you do this 10 times, and your just correct on 50% of your trades, your still profitable by $50.
Tips for the future in the forex market, not in any particular order: - You should go with more “popular” pairs (majors) such EURUSD, XAUUSD (gold), EURJPY/USDJPY, etc. Australian pairs and such are really less volatile and could have higher spreads, due to less popularity. - Always check the economic calendar for what important news will happen during that day. - Forget about following signals of fake forex gurus. Take your time and learn the craft. Don’t “bet” money on something just because a stranger on the internet told you to. - Find a strategy that suits you and use appropriate risk according to it. Me, personally, I don’t use any indicators, and just stick to look at price action (support and resistance zones). I usually aim for 2-3% profits/losses. - (don’t think I’d need to mention but) emotional control and risk management are the two main things needed to success and to be able to make a living in the forex world. - If you have more vacant time on your hands, you should look at smaller timeframes, such as M5 - H1, and base your trades on that (scalping). Beware smaller timeframes could include more volatility, which could go with or against your analysis/trades. (NEVER, UNDER ANY CIRCUMSTANCES, TRADE ON THE M1. It’s plain stupid) - If you can’t really handle the stress of scalping, go with swing trading (or maybe even get out of forex - try stocks). Both are good and profitable, it’s just up to you and your style. - And for the last tip (probably one of the most important), start on a demo account. I can’t stress this enough. Make mistakes and learn with virtual demo money. Definitely start a demo account with a realistic balance and trade with it just like it’d be your real money. Once you’re comfortable and making consistent profits, and handling losses like you’re taking profits, move up to a real account. If you want to start with 100$, it’s possible, but you’re going to have to spend a lot more time to be able to grow it. It’s up to you and your risk management. Have a good day and keep dreaming. One day you’ll get there.
TheStreamReader not yet. Haven’t made it. You need to make it for people to start taking you seriously. If i’m not there yet, I’ll just be another “forex guru”
@@thestreamreader Why would he need to make a video about this, if you do a little research you're bound to find lots of material about Forex it's quite easy and you can become a profitable trader in a month some have done it can't say that everyone can do it however, it's not that hard
@@bystargazed Why not do a collabiration with Biaheza. Isn't that the whole point of videos on YT. Teach others. If the information is all out there give me top 3 video resources for strategies you spoke about.
TheStreamReader if Biaheza reaches out, I’d b n have no prob in helping out some deserving people. Regarding video resources, don’t have any, but I do have actual people you can follow that use these strats. First one is MissionFx (telegram group). It’s a signal “provider” but he screenshots every analysis and actually explains why he takes those trades. Super easy if you want to understand how the market works. Then, you have Wicksdontlie (TH-cam channel). He live-streams everyday and makes his trades live. Also very good. google MissionFx telegram, and it’s the first result. look for wicksdontlie on TH-cam, and it’s the first result as well
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...
You should set your stop loss at 1% to max 3% of your total account size. When you took the trade when it dropped so low, it was going into consolidation. You need to look at the market previously to determine whether it will go down further or it will turn back like it did. When you lose, you should not revenge trade, you should review where you went wrong and do your analysis again before putting in the trade
I’m in a team where they give us the “answers” to which trade to sell or buy and what to putt on our stop loss or take profit should be so we don’t lose money and don’t have to sit in front of a screen the whole time. But hey don’t go by minutes, do it by hours H1 or H4 it’s way better.
TotheK I N G D O M Yeah there’s strategies that we learn from each other. We save different type of strategy charts so when we in the mood, we clicked on our saved chart that we wanna use.
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!
Isn't forex messed up right now because of the rona
@@khumo4945 no traders rn make more money cuz volatility or lose more 😌😄
@@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...
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
GUS
yesssirrr
Lol
yes lol
Which broker did you use?
A book I really recommend is trading in the zone, gives more insight in trading psychology
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?
D A H Exactly
D A H Agreed!
exactly
I think ima try with 100 to get to 1000
my friend made 1800 from 100 in 3 days
THANKS for your honesty young man. i'm 50 and just started learning about forex.
quest 77051 that’s cool but I will advice you learn properly before going into it or you get someone well experienced that can trade for you
@@richardnowel4838 will do. thanks.
@Nick Shawn i'm learning.
He is not honest he is a scam.
How's your forex journey been going so far?
The only way to make money in Fore is hire a newbie to pick your trades and do the exact opposite of what they say...
Todd Sherley that could actually work...
That’s how brokerages work honestly. That’s why they get fined all the time
Yeah, because you probably are so pro.
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”.
Hhahahahahahaa
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.
what leverage?
@@Ll-wo1uw 1:500 is best
How is it going now?
Are you still making money??
@@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
You can actually make more money if you start trading with Johan Colson on LinkedIn
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
Like earning with a portfolio think it works
Yep. Seen colleagues earning
I agree trading the market with no experience leads to losing a lot for money in the market
Most traders don’t understand the sustainability of expert traders
@@mulderkirby3872 How can I reach out to investor davis, and is there a minimum amount to invest as a beginner?
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.
LavishRuby did u learn with IML? How can I learn correctly
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!
Why 30m vs 5m trades?
@@LavishRubytv hi. can i dm u in ur ig? because im still newbie
Trading is just like going to college. You're going to pay some tuition before you consistently collect returns.
Kinda big that tuition..... But agree
I fw this analogy
His losses are at least treble his wins and he has no strategy. Sure way to blow an account long term
Micheal how do you make gains now
@@florettamcneill6039 Do you want to know how ?
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.
Do a collaboration with these guys saying its possible to win.
Agrew with u
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.
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!
This upload is about forex, not what you're trading
@@seraphthecreator his post is actually about Forex. Volume is very important
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.
Any good books you recommend?
Please recommend books on price action pls
"80% of traders lose money." Me: I'm gunna be a millionaire in FOREX...
You could... If you look up top 10 jobs that make you a millionair, day trader is in that list. You just need the right information
@@T2KxCL4N Haha exactly dude, some unrealistic expectations flying around out there, people gotta realise it takes lots of work and practice
Wrrong, not 80%, its 95%.
@@drgoro9139 Stonks
Dr Goro Jesus Christ 🤭 it’s discouraging
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
this should have more likes
100%.Set your stoploss to risk a maximum of 3% of your account
Morterfx . Risk:reward. 1:2/3
Ethan Roelf for sure 3% max, this guy is just making trading look bad lol
@@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 😂🍊
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.
How long does it take you to make 200 in one day
Kaitan Kang a few hours of constant trading.
@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.
@Sakshi Upadhyaya how much you make a day?
“I can’t turn a profit on 1000.... but I can on 10k.... “. stop!!! Get consistent on small amounts first!
trading takes 20 years. I started young in 1999 with stocks, and it was always bad. now i earn well but i use a trading system with math.
@@hedgetradingsystem stop lying
@@hedgetradingsystem it doesn't you can turn 100 to 100k in 1 year easily
Lovepreet Singh how
@@lovepreetsingh4830 eh maybe
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.
I really think not everyone is caught up for this emotional baggage as well as battling with the market sentiments.
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.
People look at chart differently, look at different time frames and have their own fundamental biases.
when the trend on the chart isn’t so clear. Sometimes it becomes a guessing game.
I believe every Market is profit Worthy, this we know for a fact, yea but how can it be??
I just love how he has 10k laying around to experiment 😂
😆🤣😆🤣😂😂
If you don't. You shouldn't get into trading.
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
Nikolas Koukis Lmfao can’t start trading unless you have $10,000? You alright?
@@nikolaskoukis7141 thats nonsence! start small, and only put in what you can afford to lose in the first place.
New title: "How Much I Made First Month of Gambling in Forex"
accurate asf!! LOL
@@NotoriousL30 Not if you follow a proper system
@@tjdunham9016 dont think this dude is following a proper system...
He doesn't even HAVE a system! He's just winging it
I just remembered to like when you said everyone forgets to hit like 😂😂, and also Subscribed, you are amazing
“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
Deric O.Dickson have to agree, you sometimes have to call it a day and start again fresh tomorrow. Emotions need to be cleared, by sleeping it off.
Even better, do better, do or do not, there is no try!
Where does the money come from? Your dad as well?
trading is like a casinò. all will loses money. only the broker win!!
You should really only aim for 1-2% growth a day, not 10% or more. That's playing too risky.
With a 1.5% return everyday, you can double your money in 48 days.
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...
So if I deposited $100 to my portfolio, and use $10 to invest, I should only earn $1 a day? And what if I lose $2..?
@@chrisjlee2013 if u lost 2, and only gaining 1. your risk management is bad
@@SuperPlayz that takes too long
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
have you built the instagram pages up yourself or dis you buy pages?
What is your Instagram mine is fat.maama trying to grow
Well if he doesnt I do (he probably does though he seems super cool). Good on you Riley! What are your pages?
good on you
Simon Hartmann I built them up myself
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
Steffan you’re right there is more to bitcoin investment than buying and selling of bitcoin.
This is almost D Greatest opportunity for Fx trading levied in front of newbies yet people still get poor due to ignorance
So I realized, forex is only investment that makes any sense.
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.
To be successful
You have to get a personal broker who would comprehensively take you on the secrets of forex
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 .
Finally a new video, was dying of boredom inside my house , damnit.
can you please post like once a day from now? thanks
This is a very illustrative video. The golden rule of trading still remains; Don't be stingy and get a trading plan.
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.
Earning and Losing is part and parcel of trading but when Mrs Lilian Wan trades on your behalf you can be sure of more WINS than LOSSES.
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.
Nice to see someone being honest about the process. It is essentially gambling.
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.
Need to know your facts before stating an opinion 😂
*Keep sniping those $3 trades until you get to that milli* 😂
Bruhhh😂😂🔥
😂😂😂
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
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!
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 don't know well this suits me,I invested about $200k on CCL, a month Later it's worth $43k
Honestly,I'll choose DAL over a cruise line
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.
@@shahidi1567 did you handle your portfolio individual?
6:15 that’s actually a strategy called dollar cost averaging, I it intuitively as well and it works pretty well in a bull market
Or averaging down. AKA throwing good money after bad.
first rule of trading: never add to a losing position
Keep grinding young buck 💯
I cant belive you are on your way to 400k subs, me and my brother started watching at 50k, keep it up
Thanks man I appreciate that ☝️
Is it just me or is this mans looking like Rigby from regular show
I feel it
Haha I see u
not only u
I SEE LMFAOAOAOAOAOAOAOAOA
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
Trading isn’t gambling it just takes a lot of time to get good at it! At least that’s how I experienced it.
@@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
Respect to Biaheza. His platform is honest! 🙏🔥
I made my first profit through the help of Mrs Harts.
That 12 am spike happens because London is beginning to trade. Draw support and resistance lines and look for breakouts around this time. I don’t play with small candles.
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.
How is it gambling
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
Are you saying he's that good?because I love your approach.
i'm now a proud owner of a yacht some thing that has always been my dream is now accomplished in no time thanks sir
Hi sir can I get tips... Lossing vry badly
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.
Making money has always been the plan and reinvestment profit was the best investment so far.
How do you trade the Forex market without getting to lose?
I’m in need of a genuine fund manager and am looking forward to having you recommend a Broker to me.
Having to trade and make profit was the goal, I’ve always wanted to make money but i still keep losing my trading all by myself.
Oscar Wiliams take a step back and learn new strategies
Peyton Banks Thanks for sharing his contact here on TH-cam. I’ve also come across his name on Instagram, people keep suggesting his trading system.
sir , i followed your teachings, now i make 5000$ a month. Thanks.
How?? Can you please teach me
@RFROID I think he's joking
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 TH-cam 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.
That's so true for people to talk about him, I think I will give him a trial and see how it goes.
Thank you for the content sir, you are the best!!! 2 Claps you Rock 🎸
Been trading for a week here.
Started with £450
Currently sitting at £540
Made a good 20% so far.
LaMaxwell Ball Traded for 3 months on a demo account so I know what are good trades to go for. I’m also signed up with a signals/academy group
lol u have to increase your portfolio size man
Dirty Dan lol rekt in a few months 100% signals ain’t shit buddy no worries everyone started there
@@GoldenNugget56 nope he is just starting he just need to learn to get profit and than increase his portfile
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’ve tried multiple strategies and the winner for me has been, technical analysis “naked trading”; (I’m an intraday trader).No indicators just a clean chart. I look for trend in the Daily/4 HR timeframe, supply and demand zones in 4 HR timeframe and price action for entry. Forex is not a scam, you must be patient and be ready to dive in and learn a lot and find what works for you. Try a strategy for 90 days and if it works, there’s no need to jump around looking for different strategies. Find your trading style, be consistent, do not over leverage and DO NOT let emotions get in the way.
C Miranda what do you use to trade on? I’m new trynna look in to trading
4 views and 9 likes this is how much we love you Biaheza
TH-cam does not count views in live but they do change the likes in live
@@t7acta806 yeahh
@Rajeev Vij yeahh
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 ;)
Thank god someone noticed, I though I missunderstood the whole concept
"Sounds like a complete gambling ...So I am into in"😂😂😂
I was skeptical of your whole channel at first. Without the the dislike count But, My God I'm impressed so far.
Without extensive studying of currency markets or very deep pockets, you're gambling.
Emily Skincare Tools no
Yeah, it took me 5 years and about 1500 trades to turn profitable, very challenging.
@Ebube Chukwujekwu xdd he trades fake money because he doesn't have any. He is a scam
I love how real you are! No sugar coating 👌🏽. I was quite skeptical about forex trading and you’ve shown me exactly how it’s like. It’s basically just gambling
If you want a professional Forex trader you can message me.
only gambling when you don’t know what you’re doing, other than that it’s all an educated risk
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.
Can you teach me?
Share some tips tricks u tips u man
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.
True. The best way to make money, is to tell people how to make money. Which he is kind of doing in some sort of 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.
this makes no sense
@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 .
Imagine Volume Trading 🤢
@@kubaostrejko4765 Right? 😂
i stg he's the chillest dude ever lol
Insightful video, I heard a speaker on internet radio talk about how he retired at 38 after making $872,000 profit within 4months with a capital of $250,000 during the market downtrend of 2008, I’m a beginner and I really would appreciate any tips or pointers on how I could make this much profit.
buy heavily at a low price and sell high
take courses
@Gary holland I’ve always wanted to invest extensively into stocks though I’m not in the U.S but I lack mentors/brokers who are good and can properly manage investments…any idea how I can connect to Rita? Thanks
@Gary holland I searched her as well, and I can say I’m super impressed with her investment skills, I already wrote her an email through her website and I can’t wait to begin with her.
@Cody James Number one pointer: go to www.mql5.com/en and find the great technical indicators on their code base, also use mt4 or mt5 trading platform (also people like the ones above are bots that suggest a scam investor, don't fall for it)
I don't day trade, but I do trade day, watching Biahezas videos all day long
I make a good secondary income trading forex, but I believe many go about forex the wrong way without a proper strategy on how to make an ideal trade investment.
I see forex as gambling, your move is either right or wrong. When it's right you earn and when it's wrong you lose.
That's absurd, that why there are strategies you follow to earn better.
How do you mean Allen.
In making a safe investment it's best to have a strategy on loss, thanks to the professionalism of Expertjoefx my investments are diversified into various assets classes that way I can survive no matter what the market throw at me.
For example if there is a loss on one sector the others should be acting adequate that way reducing risk and maximizing returns.
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.
@Mahmood S, show us your trades.
@@LADsjb Again this is spewing bullshit. You do not need to trade with 2R in order to be profitable.
@@briansupra7 I'm not the one here providing advice. If you want to go around advising people what to do surely you should show us your track record.
This man over here risking 50% a trade lol. Man, never more than .5-1% a trade. Not a race, be safe.
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 TH-cam are good video references.
the way he said it too!
shut up Simp
Awesome video I trade forex as a living, does get stressful but so cool catching pips!
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
Very smart
Hahaha don't have a concept of Risk Reward Ratio that's why
That makes no sense. Stop loss should be bigger to prevent loss of trade 🤦♂️ you are new to trades
@@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.
@@nicolaspyhrr I’m a swing trader so I don’t care if I’m in drawdown, broski 😎
What app do you use for trading
You should not short if the retracement is too low, need to let the stock run up abit more before shorting , the sweet spot would be around 40-60% retracement to previous resistance
divergence means it goes the opposite way afaik, so at 10:04 you should have been looking for a buy (if you were going off divergence) as down trend is lower highs and lower lows, while the rsi is DIVERGING from the chart instead of following its highs and lows. No need to memorize 6 examples of bullish/bearish divergence. TLDR; If rsi is following highs and lows, trend continues, if rsi DIVERGES reversal incoming. Though I don't trade divergence personally and in backtesting it doesn't always reverse with divergence.
As you probably now imagine, triple digit returns promised by internet marketers would translate into 100s of millions of dollars over time from trading forex. This is just not adding up.
Well you can easily make that triple digit returns however, you won't really be trading with much money also the greater the money you use the greater the loss you can potentially take trading with a 10million USD for every 10% loss you lose 1million USD can you do that? It'll affect you no doubt about that also these "Internet Marketers" are correct in what they said although they may be scammers however, it is true that you can easily make money in Forex
^what that guy said
As the account balances grow obviously it is much harder to pull those types of returns
It's difficult, but there are a few billionaire traders like Soros
the title should be "how much i lost my first month" lmao
I've been trading for 4 years and I do it full time, one the few that grafted through the losses to make it. Watching this video is painful obviously I understand he has only been trading for 32 days but for those who watch this and think that is how to analyse charts it is so far from it. Higher time frames are you, friend, I would never even look at the 5min chart unless I am scalping which again is not a good way to make money if you're pro. I respect what he is doing though. For me, it took me about a year and losing 10k before I even got the basics and about 3years before I became pro. Becoming a forex day trader is a journey and something I would only recommend if you are extremely passionate as most people quit between year 1-2 plus the stress that comes with the first few years for most people is not manageable for everyone.
Joshua Cutler you can’t be a pro, takes 10 years to master something all the “pros” work at hedge funds. After they have worked at a hedge fund for 5 years they start a hedge fund with a partner.
How
@@satisfyinglook8291 it all depends on you, you don't really need 10 years to master it maybe 1 year is more than enough as long as you digest the information you find and practice it, some people have mastered it in a month years ago when the internet didn't have as much knowledge available and had to come up with stuff they took 8 years to master it and now you're telling me after all this information becoming available and you have access to all you need that you need 10 years to master it? We're going backwards this way buddy if you're dedicated you can do it in 1month-1year, although not many can do it in a month it is in fact possible.
@@th3gh0st48 Its impossible to master something in a year, let alone 1 month. takes 5 -10 years to master something.
@@th3gh0st48 you obviously dont know how the markets work. 95% fail because they think like you.
I see a lot of experts here, 😆 great video it’s great to see reality! Good luck
I must say she is so good. I'd recommend her to beginners here looking for good strategies to trade with
Personally swing have work pretty well for me, i tried day trading and i have lost 3,000 by now
What does your company focus on trading ?
@@SergioGT Be cautious of scams...
Facts! Watching the video shows he over leveraged on that account professional traders should not be trading that way
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 .
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
Experience, knowledge risk management is necessary 💯💯💯
your not ready for 10k let alone 500. You need a trade journal and learn risk management first. This is reckless
Do you trade forex??
If he's able to put up 10,000 then his other lil business is very profitable
@@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
Why a trade journal
Remember one golden rule: USE ONLY 1% OF YOUR EQUITY PER TRADE.
In your case $1000 = $10 per trade.
only risk, not use, so if his account is 1000$ he should only risk the stop loss to 10-30$ per trade
@@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
He dont wanna do all that he happy he getting views with this expose videos
thats not a golden rule
I love that you filmed your honest experience and also show your losses. I hope to see the weektrading video soon.
Really felt the second deeper "yes sir"
yay i'm early and i also smashed a like :)
this "iriz waririz" scene had me rolling on the ground
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
This guy is everything that is wrong with the stereotypes of Forex trading
This is the best time to invest your money and the worst time to lose your funds, Quit gambling and reach out to a trusted investment firm. I just bought and moved to a $12m house this lockdown.
That's amazing, it's so difficult to pick the right stocks to invest in. I lost over $400k during this similar crash in 2008. Most people invest blindly this period, there will be a lot of “had I known after all" this.
I think this time around, I'd rather invest with a trusted broker. It's the best.
How can I chat you privately.
Yes, that's the truth most people are definitely gambling right now, it's best to have a pro to take over the wheels and ease you off the stress.
I met Mr Shawn Nicholas and he told me the company he works for. I bless the day I met.
Investing is the key,
Invest in the future and worry about retirement
The future is now.
Swing trading means holding trades overnight for multiple days, not the number of trades you do.
If you're at all interested in learning Forex, stay away from this guy.
🤣😜
facts xd
He actually inspired me, he doesnt teach thou
LOL
He isn't teaching
Im new to traiding.. going to watch a few of these videos thank you
How much you make from trading the markets depends hugely on the right strategies and the right instincts. For people like me who don’t want losing it all always go for brokers who do that and make sure we get our withdrawals.
Speaking of this , i got to learn the hard way. I incurred losses of up to $1600 my initial start up amount before a friend referred a broker to me who’s been consistent and a total life saver.
My trader is Mr George Holder and he’s been nothing but great. My weekly withdrawals comes in upon request and he always keeps me up to date on the progress.
The hard truth is that many find it hard to sustain profit in the forex market but do not lose hope yet, people who have to traded with Mr George Holder have gone on to become very good traders. I also trade with him and advise you do the same.
Forex trading is all about Risk Management, SL/TP ratio and Psychology.
This distinguishes if your are just gambling or speculating like the pros do.
And trust me there is a big gap between gambling and speculating.
"Books for display" the new thing.
Andrian John Dorato exactly
Biaheza.. follow a 2:1 plan.. risk 1 to win 2.. set a stop loss of $10 and take profit at $20.. if you do this 10 times, and your just correct on 50% of your trades, your still profitable by $50.
Tips for the future in the forex market, not in any particular order:
- You should go with more “popular” pairs (majors) such EURUSD, XAUUSD (gold), EURJPY/USDJPY, etc. Australian pairs and such are really less volatile and could have higher spreads, due to less popularity.
- Always check the economic calendar for what important news will happen during that day.
- Forget about following signals of fake forex gurus. Take your time and learn the craft. Don’t “bet” money on something just because a stranger on the internet told you to.
- Find a strategy that suits you and use appropriate risk according to it. Me, personally, I don’t use any indicators, and just stick to look at price action (support and resistance zones). I usually aim for 2-3% profits/losses.
- (don’t think I’d need to mention but) emotional control and risk management are the two main things needed to success and to be able to make a living in the forex world.
- If you have more vacant time on your hands, you should look at smaller timeframes, such as M5 - H1, and base your trades on that (scalping). Beware smaller timeframes could include more volatility, which could go with or against your analysis/trades. (NEVER, UNDER ANY CIRCUMSTANCES, TRADE ON THE M1. It’s plain stupid)
- If you can’t really handle the stress of scalping, go with swing trading (or maybe even get out of forex - try stocks). Both are good and profitable, it’s just up to you and your style.
- And for the last tip (probably one of the most important), start on a demo account. I can’t stress this enough. Make mistakes and learn with virtual demo money. Definitely start a demo account with a realistic balance and trade with it just like it’d be your real money. Once you’re comfortable and making consistent profits, and handling losses like you’re taking profits, move up to a real account. If you want to start with 100$, it’s possible, but you’re going to have to spend a lot more time to be able to grow it. It’s up to you and your risk management.
Have a good day and keep dreaming. One day you’ll get there.
So do a video on this so we can all learn.
TheStreamReader not yet. Haven’t made it. You need to make it for people to start taking you seriously. If i’m not there yet, I’ll just be another “forex guru”
@@thestreamreader Why would he need to make a video about this, if you do a little research you're bound to find lots of material about Forex it's quite easy and you can become a profitable trader in a month some have done it can't say that everyone can do it however, it's not that hard
@@bystargazed Why not do a collabiration with Biaheza. Isn't that the whole point of videos on YT. Teach others. If the information is all out there give me top 3 video resources for strategies you spoke about.
TheStreamReader if Biaheza reaches out, I’d b n have no prob in helping out some deserving people.
Regarding video resources, don’t have any, but I do have actual people you can follow that use these strats. First one is MissionFx (telegram group). It’s a signal “provider” but he screenshots every analysis and actually explains why he takes those trades. Super easy if you want to understand how the market works. Then, you have Wicksdontlie (TH-cam channel). He live-streams everyday and makes his trades live. Also very good.
google MissionFx telegram, and it’s the first result.
look for wicksdontlie on TH-cam, and it’s the first result as well
Lmfao man is too funny! 😂 If only more finance channels were like this.
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.
Did you make a living on it ?
you just seem jealous that he’s becoming profitable lol
True,, success trader will blown up their account atleast 5-10 times in the beginning
@@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...
@@asmrbully6980 yes, but not my main source of income
Loosing money is part of the learning curve so keep it up! Don't know any successful story which didn't fail at some point, you are doing great man
You should set your stop loss at 1% to max 3% of your total account size. When you took the trade when it dropped so low, it was going into consolidation. You need to look at the market previously to determine whether it will go down further or it will turn back like it did. When you lose, you should not revenge trade, you should review where you went wrong and do your analysis again before putting in the trade
"Which sounds like complete gambling... so, I was into it."😂😂😂
Steven Sullivan 😂
@@VENIGALLAYOGISHBME I'm laughing but also I relate to exactly what he's saying!😂
I’m in a team where they give us the “answers” to which trade to sell or buy and what to putt on our stop loss or take profit should be so we don’t lose money and don’t have to sit in front of a screen the whole time. But hey don’t go by minutes, do it by hours H1 or H4 it’s way better.
TotheK I N G D O M Yeah there’s strategies that we learn from each other. We save different type of strategy charts so when we in the mood, we clicked on our saved chart that we wanna use.
I just started forex 6 months ago and glad I joined this