EXTREMELY IMPORTANT PSA: There are a number of accounts using our name and profile picture to pretend to be me and steal money from viewers. 1 - I do not have a Telegram, Whatsapp, or Discord account. 2 - I will NEVER ask you for money. 3 - I will NEVER ask for money/cryptocurrency and say I will trade for you. 4 - I will NEVER ask you for a payment in any cryptocurrency. 5 - DO NOT COMMUNICATE WITH THESE ACCOUNTS. They are pretending to be me and trying to steal your money. I currently have two full-time employees that delete these comments daily. But, some still get through. So, please be extremely careful and never give someone cryptocurrency or money that is pretending to be me. AGAIN, I DO NOT HAVE A TELEGRAM, WHATSAPP, OR DISCORD ACCOUNT, I WILL NEVER ASK YOU FOR MONEY OR TRADE FOR YOU, I WILL NEVER ASK YOU FOR A PAYMENT IN CRYPTO. DO NOT COMMUNICATE WITH THESE ACCOUNTS. Also, there are a number of fake IG accounts doing the same exact thing. The ONLY Instagram accounts we run are @stevenkiethhart and @thetradingchannel anything else is not me/us. Other than that, I hope you enjoy the video! If you want to learn from us and would like to learn more advanced material then join our VIP training course/program. Go to www.eaptrainingprogram.com PROGRAM INCLUDES: Full training course (beginner to advanced) Technical analysis training Full rules-based Strategies Risk management training Strategy optimization training Backtesting training Weekly analysis video (each Monday) 3 to 5 email alerts each week Pro Trader Report (email of analysis) Priority email mentorship (Me personally answering your questions) Review videos FREE Spreadsheet for backtesting Advanced AP1 pattern training Advanced Double bottom/top training And much much more... For any questions about the course email - support@thetradingchannel.net PROGRAM ACCESS - www.eaptrainingprogram.com Talk soon, Your honest trading coach, Steven
@@ForexRevolution i trade with the help of my financial advisor. She guides me and assist me make great profits. Cause without her I would have been in great loss
I have been through two trainings on this that I paid for and still don't get it. I started with your beginner video and it makes so much more sense now. I watched the 8 crucial activities before trading, the leverage one and now this. I plan to go through them all. Thank you for putting these online. You're really good at explaining this.
Important notice if you are a newbie trader make sure you research for a good working strategy, do not trade naively you might end up blowing your account, secondly finding the need for a mentor? make sure you find one that is a registered investment adviser/broker so you do not get ripped off, a good strategy to look into is the *Nicholas Alexander Kelly Strategy* it is currently working and the creator is registered with good reputation, stay safe out there everyone.
Excellent video. This took me a long time of frustration before I figured this out. This is something that all traders need to know to avoid frustrations
For more guidance on trading and investing in and cryptocurrency reach out to my financial expert Mrs Meredith William + 1. 8. 4. 5. 2. 4. 3. 0. 4. 6. 1.
Important notice if you are a newbie trader make sure you research for a good working strategy, do not trade naively you might end up blowing your account, secondly finding the need for a mentor? make sure you find one that is a registered investment adviser/broker so you do not get ripped off, a good strategy to look into is the *Nicholas Alexander Kelly Strategy* it is currently working and the creator is registered with good reputation, stay safe out there everyone.
there is a way which makes everything clear . the regular moveable line indicates average price between selling price and buying price. so, go to chart settings and enable bid and ask lines. and then it appears three lines, one the regular line, one selling price line and one buying price line.
Be honest guys how many traders dropping this valuable gem???? Be Honest!!!!!! This is what makes him one of thee best teachers out by far....Bless you brother...
You’re a damn good teacher bro.. I’ve learned more from you in a few days than the material that’s out there and don’t get me wrong because there’s some very informative material that’s out there for forex
Very simple: some people teach and some people trade. This is first case. But on another hand can for example basketball coach play?- NO , but can he teach how to play-YES. Can he teach how to win ? Maybe. Like Ed Seykota said: everyone gets what they want in this game. If you want to get this kind of education- this what you get))). Amateur trading techniques- this will be probably best name for this channel.
I have been trading futures and using your training. I was 8000 down before learning your risk management. By being very aggressive on my risk management I have made up my 8000 and gone 11 thousand in the green in 5 months. Thanks for your courses.
Thank you SO MUCH for showing us this simulation while explaining spread. It makes all this language much easier to understand and helps me while I learn through paper trading
OMG i literally experience this in my today's trade nothing until now I watched this your very helpful video I never thought of it this way Really man I appreciate
This was by far the most helpful video I've seen. That said, It would have been very helpful for you to demonstrate an actual trade factoring in the spread. Many TH-cam's will discuss theories and use pictures, but kind of fall short of a full demonstration about their point.
For more guidance on trading and investing in and cryptocurrency reach out to my financial expert Mrs Meredith William + 1. 8. 4. 5. 2. 4. 3. 0. 4. 6. 1.
Important notice if you are a newbie trader make sure you research for a good working strategy, do not trade naively you might end up blowing your account, secondly finding the need for a mentor? make sure you find one that is a registered investment adviser/broker so you do not get ripped off, a good strategy to look into is the *Nicholas Alexander Kelly Strategy* it is currently working and the creator is registered with good reputation, stay safe out there everyone.
What really helped me in this video the timeframe, really helped thanks!! Also it helped me realize I analyze charts better at a 4h timeframe than 1h timeframe
For the longest period, I have tried to self-learn...I guess I can only say thanks ...your videos happen to be one of the best, learned so much since i stumbled upon the first.
I am from PAkistan and very interested in trading... but so far this man is the easiest to understand for newbies like me... not that others are bad but for new guys entering the business i recommend to watch The Trading Channel to easily understand the ups and downs of the markets.
I've been trading 3 yrs now and experienced everything you mentioned in this video. I made adjustments without really knowing the 'why' of it. Meaning when I scalp or trade on lower timeframes I don't use sl or tp because I'm watching the trade. But on higher time frames and when I'm swinging I use both. I did this because I would say the broker is playing with the spreads. But you just explained the why of it. Thanks bro!
best teacher on trading by far. I have learnt so much in just 24 hours and this exact buy pip spread issue happened to me several times today while on my virtual trading practice account. the stop out also happened to me before when i dipped my toes in real account and I was so confused and annoyed.
I just been down this road and it weren't pretty, but i am fortunate it was on a demo and not a live account and thankful for the lesson learned. Great video.
This is what happened to me this week whenever I traded GBP. I was so frustrated to the extent that I removed GBP from the list of currencies I trade. This video is very helpful. Thank you very much
I have been stopped out on gold the moment I made the trade, tried that a few times and thought, im not bothering with gold anymore lol.. same thing happened on a few pairs... fortunately, all my learning has been on demo (even though I've treated as if it was a live acct), and NOW I get it! Thank you!
Wow! Thanks, I never realised it wouldn't only be the difference in buy and sell but also where on the chart the TP or SL get triggered. Still learning.
I’ve placed trades before with practise money and three times in a row it didn’t even show up on my positions, I’d already been stopped out......then I placed a buy order with a crazy TP/SP and it did what you are showing here. Thank you so much, I understand what happened and why.
dood your vid are so helpful. i was so frustrated when i enter a trade and the it was so off. i was like wth?!?! this completely explains why it placed above my entry. gotta look at SPREADS!
You answered what has been a quest to get to precisely what and how you put it! few seem to know what really is important to talk about..dare I say the simple bricks and mortar of the trade. maybe its deliberate lol
Awesome video! I have a question for anyone who is reading this or having the same trouble. How to find spread of price history, when you look at the past trades? I think it is very important for backtesting the strategy.
Thank you! I thought I was doing something really wrong and couldn't understand why I was getting stopped out before I hit targets! think i should have known this from the beginning! Yet another case of not knowing what i don't know to ask about!
Wow, I’ve been so upset, because I’ve seen the trade hit and go past my TP and just what you said, not triggered. It happened last night, missed out on 150 PIP trade, realised it must be the spread, but I thought that was the gap between the Bid & Ask, so found you. Thanks so much now I can practice.
You have earned one more subscriber with me sir. This is the fourth video I'm watching on your channel and I must say you've given me confidence to get started on my trading journey
Thanks. Coming from trading options, then demo trading forex, I didn't know why my TP didn't fill. I asked for help and was told it was because of the spread. Now taking some time to understand the concept better. This pretty much told me everything I needed to know for it to make sense. And yes, I made my entry and tp on the 5 min time frame... so, yeah. exactly what you described. (I even went to sleep to wake up to the trade hitting my tp. lol)
Dude...THANK YOU! Been going crazy trying to understand why these weird issues have been happening in my paper account. I thought it was a glitch in the software. REALLY appreciate this info man! 🙏🙏
Liked and subscribed and saved this video for rewatch. Great video just started demo trading a few weeks and had this happening and did not know what went wrong . Thanks for explaining this in detail.
I started looking into trading about 3 months ago and iv looked at lots of you tube trading channels and I think TTC is exellent . I was learing a lot about forex trading before but since iv been watching TTC iv really got into it. Iv also been trading on demo for the past 2 months and im looking to trade live soon.
Absolutely makes sense yeah you should always want to trade in higher timeframes,, teaches you patience keeps you humble specially when you have already your stop-loss only risking a certain amount of your capital. Keep in mind that you will be charged entering a trade and you will be charged exiting a trade
Thank you very much Steven, now I know what spreads is. I just started my forex trading journey and im completely new to it. I just rely on your YT vids to guide me. Before I saw this vid, I keep on wondering why my trade is always above to where I enter my trade. Thank you very much sir for this very valuable info. New subs here. Isagani from the PH.
Great explanation! Another tip is to trade only given pairs which suit up with the session currently going on. For example you don't wanna trade gbp/usd on tokyo session because that pair goes with new york session
Say Hoss, F'n thank you so much for this tutorial because ur teaching me on that one question I needed answering. Now I can feel that much more confident in my trades
I really needed this video. I’ve been paper trading and I was having an issue with having losses even though my entry points were above current prices on low volume sales but now I understand why and it’s because of spread. Thanks 🙏🏻
@@oghenekumejohn2291 basically, the thing called spread is the difference between the bid (buyers) and the ask (sellers). Brokers profit off this. So, whenever you place a market order, you are either buying at the ask (the lowest price a seller is willing to receive) or selling at the bid (the highest price a buyer is willing to pay). Remember, for a trade to occur there is a seller and a buyer. So, this means that when, for example, you buy a security, your not necessarily buying it at the price it’s currently valued at but at the lowest price a seller (ask) is willing to sell you for. I hope this helps.
This is perfect timing. I have been practicing on the Forex platform. A week ago I probably would have glazed iver this because I haven t been practicing?, hence wouldn't relate. But this is what I NEEDED without specifically searching for it.
Thank you! Thank you! Thank you! Couldnt understand what i was doing wrong. It seemed, like you said, to happen when i trade on smaller time frame. Or i just didnt notice it as much on larger time frame. Thought it took me to long to place trade that is why it wasnt where i wanted it. Your videos have been so helpful!!! Thank you!
I've been trading stocks for over 3 years now and just recently started learning about Forex trading. Your videos have helped a lot, and I will continue watching and looking for more videos. Thanks for all the help man!
Glad i came across this video. Im just starting to learn trading but was not sure whether to use a commission based or raw spread account. Im back testing on 1 hr timeframe with a 1k account. Just felt the $7 commissions seem too steep for 1% trade. Cheers for the video.
EXTREMELY IMPORTANT PSA: There are a number of accounts using our name and profile picture to pretend to be me and steal money from viewers. 1 - I do not have a Telegram, Whatsapp, or Discord account. 2 - I will NEVER ask you for money. 3 - I will NEVER ask for money/cryptocurrency and say I will trade for you. 4 - I will NEVER ask you for a payment in any cryptocurrency. 5 - DO NOT COMMUNICATE WITH THESE ACCOUNTS. They are pretending to be me and trying to steal your money. I currently have two full-time employees that delete these comments daily. But, some still get through. So, please be extremely careful and never give someone cryptocurrency or money that is pretending to be me. AGAIN, I DO NOT HAVE A TELEGRAM, WHATSAPP, OR DISCORD ACCOUNT, I WILL NEVER ASK YOU FOR MONEY OR TRADE FOR YOU, I WILL NEVER ASK YOU FOR A PAYMENT IN CRYPTO. DO NOT COMMUNICATE WITH THESE ACCOUNTS.
Also, there are a number of fake IG accounts doing the same exact thing. The ONLY Instagram accounts we run are @stevenkiethhart and @thetradingchannel anything else is not me/us.
Other than that, I hope you enjoy the video! If you want to learn from us and would like to learn more advanced material then join our VIP training course/program. Go to www.eaptrainingprogram.com
PROGRAM INCLUDES:
Full training course (beginner to advanced)
Technical analysis training
Full rules-based Strategies
Risk management training
Strategy optimization training
Backtesting training
Weekly analysis video (each Monday)
3 to 5 email alerts each week
Pro Trader Report (email of analysis)
Priority email mentorship (Me personally answering your questions)
Review videos
FREE Spreadsheet for backtesting
Advanced AP1 pattern training
Advanced Double bottom/top training
And much much more...
For any questions about the course email - support@thetradingchannel.net
PROGRAM ACCESS - www.eaptrainingprogram.com
Talk soon,
Your honest trading coach,
Steven
Watched full
Thanks for the heads up
I made my first profits of $2k today! Feels like I won the NBA finals 🍾🍾🍾
Tell us how?? :)
@@ForexRevolution i trade with the help of my financial advisor. She guides me and assist me make great profits. Cause without her I would have been in great loss
@@nicolasfernandez222 thanks mate this is great, I'm breaking my head to become consistently profitable, hopefully soon..
NEVER GIVE UP!!
@@ForexRevolution yeah that's great
Yeah
"+1"5"1"6"3"6"0"3"3"7"8
Your videos are just so clean honestly,no too much noise,no too much editing,just straight to the point realistically
I have been through two trainings on this that I paid for and still don't get it. I started with your beginner video and it makes so much more sense now. I watched the 8 crucial activities before trading, the leverage one and now this. I plan to go through them all. Thank you for putting these online. You're really good at explaining this.
Please list them 😢😢
Been demo trading since November and gonna start a live account Monday thanks for all your videos helped so much 🙌🏼🙌🏼
Important notice if you are a newbie trader make sure you research for a good working strategy, do not trade naively you might end up blowing your account, secondly finding the need for a mentor? make sure you find one that is a registered investment adviser/broker so you do not get ripped off, a good strategy to look into is the *Nicholas Alexander Kelly Strategy* it is currently working and the creator is registered with good reputation, stay safe out there everyone.
How is your live trading going?
@@hamdhanshameem6058 it’s going alright thanks had a little break looking to change broker
@@James-vx9ri oh cool
@@James-vx9ri if u don’t mind saying what broker are changing to and from?
This is gold. I just experienced it today, and it was really a "what the hell happened!!!" scenario for me.
Same here, broski 👍
Excellent video. This took me a long time of frustration before I figured this out. This is something that all traders need to know to avoid frustrations
For more guidance on trading and investing in and cryptocurrency reach out to my financial expert Mrs Meredith William
+ 1. 8. 4. 5. 2. 4. 3. 0. 4. 6. 1.
Important notice if you are a newbie trader make sure you research for a good working strategy, do not trade naively you might end up blowing your account, secondly finding the need for a mentor? make sure you find one that is a registered investment adviser/broker so you do not get ripped off, a good strategy to look into is the *Nicholas Alexander Kelly Strategy* it is currently working and the creator is registered with good reputation, stay safe out there everyone.
I am an EAP member and I literally emailed you about this weeks ago. Now coming across this video. Thanks
I did exactly what you said not to do by trading small charts. Spread killed me three times. Lesson learned. Your advise is right on the money, again!
This has happened to me as a complete beginner so many times on demo and it's been driving me crazy. Thanks for the explanation, much appreciated!
there is a way which makes everything clear . the regular moveable line indicates average price between selling price and buying price. so, go to chart settings and enable bid and ask lines. and then it appears three lines, one the regular line, one selling price line and one buying price line.
Be honest guys how many traders dropping this valuable gem???? Be Honest!!!!!! This is what makes him one of thee best teachers out by far....Bless you brother...
*+1 2 0 8 4 5 7 7 1 1 5*
For guide on whtsap
I'm in my learning phase & did not know none of this, thanks brother
How’s it going
You’re a damn good teacher bro.. I’ve learned more from you in a few days than the material that’s out there and don’t get me wrong because there’s some very informative material that’s out there for forex
Very simple: some people teach and some people trade. This is first case. But on another hand can for example basketball coach play?- NO , but can he teach how to play-YES. Can he teach how to win ? Maybe. Like Ed Seykota said: everyone gets what they want in this game. If you want to get this kind of education- this what you get))).
Amateur trading techniques- this will be probably best name for this channel.
I have been trading futures and using your training. I was 8000 down before learning your risk management. By being very aggressive on my risk management I have made up my 8000 and gone 11 thousand in the green in 5 months. Thanks for your courses.
14:42 I really appreciate this video. Alot of traders don't talk about this
This channel has literally changed my life and trading success. Well done sir, and greetings from a trader in South Africa.
Hi. How do you deal with the high spreads on the Rand or do you avoid the Rand altogether?
Regards.
THANK YOU FOR THE EXPLANATION. Because I BLEW MY ACCOUNT DEW TO THE SPREAD AND DID NOT UNDERSTAND WHY! Now I DO. Thank you man!
finally someone explained this topic how it was supposed to be explained....thank you so much bro....that really helped.
Thank you SO MUCH for showing us this simulation while explaining spread. It makes all this language much easier to understand and helps me while I learn through paper trading
OMG i literally experience this in my today's trade nothing until now I watched this your very helpful video I never thought of it this way
Really man I appreciate
thank youu so much, it is very informative from the beginning until the end
I hate the fact that I am being so late knowing people like you, You are great man.
This guy is the best teacher ever,, your videos have really helped me so much ,,am only a beginner though,,thumps up from Kenya my Nigga.
Thank u sm! As a non natively English speaking person, I finally got the concept❤
This was by far the most helpful video I've seen. That said, It would have been very helpful for you to demonstrate an actual trade factoring in the spread. Many TH-cam's will discuss theories and use pictures, but kind of fall short of a full demonstration about their point.
You're the best teacher thank u so much.
Theses things keep happening to me and I didn't know why but know i know.
For more guidance on trading and investing in and cryptocurrency reach out to my financial expert Mrs Meredith William
+ 1. 8. 4. 5. 2. 4. 3. 0. 4. 6. 1.
Important notice if you are a newbie trader make sure you research for a good working strategy, do not trade naively you might end up blowing your account, secondly finding the need for a mentor? make sure you find one that is a registered investment adviser/broker so you do not get ripped off, a good strategy to look into is the *Nicholas Alexander Kelly Strategy* it is currently working and the creator is registered with good reputation, stay safe out there everyone.
What really helped me in this video the timeframe, really helped thanks!! Also it helped me realize I analyze charts better at a 4h timeframe than 1h timeframe
For the longest period, I have tried to self-learn...I guess I can only say thanks ...your videos happen to be one of the best, learned so much since i stumbled upon the first.
Fantastic video. I finally understand why traders make such a big fuss about the spread size. Thanks a million
That was a great presentation. I learned so much here. I'm going to check this video out again, or until I'm certain about everything you said.
I am from PAkistan and very interested in trading... but so far this man is the easiest to understand for newbies like me... not that others are bad but for new guys entering the business i recommend to watch The Trading Channel to easily understand the ups and downs of the markets.
+ 1 9 2 8 5 9 7 1 3 4 3
I suggest that you kindly reach out to him directly on his WhatsApp for proper guidance to enhance your trading skills too👆
@@jenifermacus7255 thank you so much. Would that be ok with him??
@@razazeeshan sure I did I got rapid repose
I've been trading 3 yrs now and experienced everything you mentioned in this video. I made adjustments without really knowing the 'why' of it. Meaning when I scalp or trade on lower timeframes I don't use sl or tp because I'm watching the trade. But on higher time frames and when I'm swinging I use both. I did this because I would say the broker is playing with the spreads. But you just explained the why of it. Thanks bro!
Why would you spend so much time training on demo
I've been training for 5 days now and I feel like I'm ready to start trading in a real account
@@joechahoud5353good question found the answer ?
Excellent! I didn't understand spreads before now.
You're like a big brother guiding through the process love you bro❤❤
not does I watch the video but I watch the ads too. deliberately not skipping adds . thank you for the content
This is a good one, traders with no experience in financial markets repeat the same mistakes that cost them dearly
best teacher on trading by far. I have learnt so much in just 24 hours and this exact buy pip spread issue happened to me several times today while on my virtual trading practice account. the stop out also happened to me before when i dipped my toes in real account and I was so confused and annoyed.
Good thing I watched this before I started trading☺️ ...thanks for the info
This tricks with MACD really impressive! I didn't know about it
I just been down this road and it weren't pretty, but i am fortunate it was on a demo and not a live account and thankful for the lesson learned. Great video.
This is what happened to me this week whenever I traded GBP. I was so frustrated to the extent that I removed GBP from the list of currencies I trade. This video is very helpful. Thank you very much
I have been stopped out on gold the moment I made the trade, tried that a few times and thought, im not bothering with gold anymore lol.. same thing happened on a few pairs... fortunately, all my learning has been on demo (even though I've treated as if it was a live acct), and NOW I get it! Thank you!
Wow! Thanks, I never realised it wouldn't only be the difference in buy and sell but also where on the chart the TP or SL get triggered. Still learning.
I’ve placed trades before with practise money and three times in a row it didn’t even show up on my positions, I’d already been stopped out......then I placed a buy order with a crazy TP/SP and it did what you are showing here. Thank you so much, I understand what happened and why.
Always have on your chart showing both the Ask and Bid price
dood your vid are so helpful. i was so frustrated when i enter a trade and the it was so off. i was like wth?!?! this completely explains why it placed above my entry. gotta look at SPREADS!
thank you my english is bad but i understand you more than i watched videos in my own languages
You answered what has been a quest to get to precisely what and how you put it! few seem to know what really is important to talk about..dare I say the simple bricks and mortar
of the trade. maybe its deliberate lol
YOU ROCK! I love all your videos thank you so much for doing them! Thank you and your team for putting so much work into all these videos!!!!
Great break down on spread. Enough to get the mind going. Thanks!
Wow, I watched this video for the first time and I didn't understand sh*t.This is my second time and it all makes sense now. Great video 💪
tenx for the knowledge. have been frustrated and now after watching this i can start again
Awesome video! I have a question for anyone who is reading this or having the same trouble. How to find spread of price history, when you look at the past trades? I think it is very important for backtesting the strategy.
yes!!!! i can totally relate. i had no idea why i kept getting stopped out early! thanks!
Thank you sir , I love the simplicity with which you explain your concepts
just started trading on a demo account and had this happen so many times. thanks for clarifying
lovely vid. im switching from crypto futures to forex and idea of spread was confusing, thanks for clearing it up, subbed
Thank you! I thought I was doing something really wrong and couldn't understand why I was getting stopped out before I hit targets! think i should have known this from the beginning! Yet another case of not knowing what i don't know to ask about!
Wow, I’ve been so upset, because I’ve seen the trade hit and go past my TP and just what you said, not triggered. It happened last night, missed out on 150 PIP trade, realised it must be the spread, but I thought that was the gap between the Bid & Ask, so found you. Thanks so much now I can practice.
honestly , your one of the best teachers i know.
Dude, finally a video that explains it all so well. Liked and subscribed. Appreciated the effort you putting in.
Very understanding! You do a great job at breaking it down and explaining it
You have earned one more subscriber with me sir. This is the fourth video I'm watching on your channel and I must say you've given me confidence to get started on my trading journey
Thanks. Coming from trading options, then demo trading forex, I didn't know why my TP didn't fill. I asked for help and was told it was because of the spread. Now taking some time to understand the concept better. This pretty much told me everything I needed to know for it to make sense. And yes, I made my entry and tp on the 5 min time frame... so, yeah. exactly what you described. (I even went to sleep to wake up to the trade hitting my tp. lol)
Dude...THANK YOU! Been going crazy trying to understand why these weird issues have been happening in my paper account.
I thought it was a glitch in the software. REALLY appreciate this info man! 🙏🙏
Liked and subscribed and saved this video for rewatch. Great video just started demo trading a few weeks and had this happening and did not know what went wrong . Thanks for explaining this in detail.
I have been through a lot of shit like this but after watching this content it is naw very clear…thanks bro u are the best ❤
I started looking into trading about 3 months ago and iv looked at lots of you tube trading channels and I think TTC is exellent . I was learing a lot about forex trading before but since iv been watching TTC iv really got into it. Iv also been trading on demo for the past 2 months and im looking to trade live soon.
Probably the best video I've seen on spreads!
Anyway it has helped me out a great deal, as I'm just starting out in trading.
Thank you for this video, I nearly doubted my strategy because I didn't understand spread
Absolutely makes sense yeah you should always want to trade in higher timeframes,, teaches you patience keeps you humble specially when you have already your stop-loss only risking a certain amount of your capital.
Keep in mind that you will be charged entering a trade and you will be charged exiting a trade
Steven! Thank you brother. This helped loads. Love the content and love the accent, keep rocking it!
Thank you very much Steven, now I know what spreads is. I just started my forex trading journey and im completely new to it. I just rely on your YT vids to guide me. Before I saw this vid, I keep on wondering why my trade is always above to where I enter my trade. Thank you very much sir for this very valuable info. New subs here. Isagani from the PH.
always wondered why I get stopped out so early and enter trades in the negative.. this makes waaaay more sense
Good advice with starting with swing trading. The other way around means your head space is not yet ready
this has helped me get a better understanding of spreads.
I was wondering why my trade when entered was straight away in the negative thanks for this into
Great explanation! Another tip is to trade only given pairs which suit up with the session currently going on. For example you don't wanna trade gbp/usd on tokyo session because that pair goes with new york session
Say Hoss, F'n thank you so much for this tutorial because ur teaching me on that one question I needed answering. Now I can feel that much more confident in my trades
I really needed this video. I’ve been paper trading and I was having an issue with having losses even though my entry points were above current prices on low volume sales but now I understand why and it’s because of spread. Thanks 🙏🏻
I don't get it even after I watched the video
@@oghenekumejohn2291 basically, the thing called spread is the difference between the bid (buyers) and the ask (sellers). Brokers profit off this. So, whenever you place a market order, you are either buying at the ask (the lowest price a seller is willing to receive) or selling at the bid (the highest price a buyer is willing to pay). Remember, for a trade to occur there is a seller and a buyer. So, this means that when, for example, you buy a security, your not necessarily buying it at the price it’s currently valued at but at the lowest price a seller (ask) is willing to sell you for. I hope this helps.
Man, you solved my problem at a glance.
Hi Steve, you are a great Teacher. I didn't know about spread until this video.
God, I was going insane! this video is a lifesaver... Thanks.
the only trading coach on youtube i shall listen to
Had no idea why this was happening I was pissed, thank you for this video bro. 🙏🏿💯
I clap for you,i have been learning to trade from 2018 and you have always be on point
This is perfect timing. I have been practicing on the Forex platform. A week ago I probably would have glazed iver this because I haven t been practicing?, hence wouldn't relate. But this is what I NEEDED without specifically searching for it.
*+1 7 5 7 3 0 2 1 7 8 9*
I’ll advice you reach an expert on *whtsap* for guide
@@paulahiltrech6719 Thank you. I have a long way to go. There is so much that goes into this!! Im excited to learn!!Paula you are zoom zoom quick 😃.
@@jenniferoviawe That’s a bot lol
@@jacobvasquez5380 I havent been searching it though.
Spread makes your RR go from 1:4 to realistically 1:2 or even 1:1.5 sometimes
True can it get tricky
I’ve been paper trading for a couple weeks now, and I can’t believe I didn’t fully understand this. The advice to start out swing trading hits home!!!
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I suggest that you kindly reach out to him directly on his WhatsApp for proper guidance to enhance your trading skills too👆👆
@@lucymathew5192 thanks for his contact info I will massage him now for guidance I really need help too 😔
Thank you! Thank you! Thank you! Couldnt understand what i was doing wrong. It seemed, like you said, to happen when i trade on smaller time frame. Or i just didnt notice it as much on larger time frame. Thought it took me to long to place trade that is why it wasnt where i wanted it. Your videos have been so helpful!!! Thank you!
I've been trading stocks for over 3 years now and just recently started learning about Forex trading. Your videos have helped a lot, and I will continue watching and looking for more videos. Thanks for all the help man!
Dry good break down. I’m still a little lost but makes more sense . Thank you.
Yea being stopped out and not knowing why
has happened to me ... Thanks l needed this .
Well explained.. i used to wonder what happened to my trades.. 😮
This video helped me so much, thank you. You changed my career path.
@@pinnédbyCryptoBànter-o2q report these people
This is really insightful and now explains alot about NY or London session open.
This video is really helpful
Glad i came across this video. Im just starting to learn trading but was not sure whether to use a commission based or raw spread account. Im back testing on 1 hr timeframe with a 1k account. Just felt the $7 commissions seem too steep for 1% trade. Cheers for the video.
the clearest explanation about spread... thanks steven!!
^ up there is a scam channel. check it before you Whatsapp that number.