Why You're Not Making Money Trading Forex? You're stuck in the Cycle of Doom...
ฝัง
- เผยแพร่เมื่อ 30 มิ.ย. 2024
- Do you want to know the real reason why you are not making money in your trading? Whether you are trading Forex, Crypto, Indices, Commodities or the Stocks markets, the cycle of doom exist! So, what is the cycle of doom and how can you avoid it? Andrew Lockwood of The City Traders will tell you in this video. If you want to start making progress in your trading and start making money, you better listen closely.
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-------- Content of this video
00:00 Intro
00:42 What is the cycle of doom?
05:00 Realistic expectation
08:15 Probability and Law of large number
10:45 Backtesting
11:43 Get out of the cycle of doom
-------- About The City Traders
The City Traders is the community of aspiring traders where they can explore effective methodologies with the aim of eventually making a career as a funded trader. We know that the education and proprietary trading industry is crowded with unrealistic expectations and criteria resulting in failures.
We are solving these problems by focusing on three crucial areas:
- Comprehensive education from real traders
- Funding program designed by traders for traders
- Growth in performance and personal development
We strive to enable every member of our community to own their future and equip them with the skills and support that they need throughout varying economic conditions.
-------- Risk Disclaimer
Trading the financial markets carries a high level of risk, and may not be suitable for everyone. The information made available here is to provide education only and not an investment advice. We recommend that you seek professional advice before carrying out specific transactions and investments.
Futures, CFD, Margined Foreign Exchange trading, Warrants, Options, and Spread Betting carry a high level of risk to your capital. A key risk of leveraged trading is that if a position moves against you, the customer, you can incur additional liabilities far over your initial margin deposit. Only speculate with money you can afford to lose. Futures, CFD, Margined Foreign Exchange trading and Spread/Binary Betting may not be suitable for all customers, therefore ensure you fully understand the risks involved.
#cycleofdoom #andrewlockwood #forextrading
Do you want to know the real reason why you are not making money in your trading? Whether you are trading Forex, Crypto, Indices, Commodities or the Stocks markets, the cycle of doom exist! So, what is the cycle of doom and how can you avoid it? Andrew Lockwood of The City Traders will tell you in this video. If you want to start making progress in your trading and start making money, you better listen closely.
From the beginner, to the more seasoned trader, this is a true, iconic, trading education film. An absolute must watch. A simple lesson, yet once learnt, and applied will serve any professional, career trader all their working life.
🙌 yes!
Great video Andrew! Gald to see you back!
Glad to see you here too!
Amazing video for everyone, especially for all aspiring traders. A must watch...
Thank you!
The biggest problem for me is not really the strategy itself, but what the balance between the average win rate and the risk-to-reward ratio is. Some strategies give you a profitable edge, and some don't. Are you willing to have a 20% win rate to get that 1:5 win, or would you rather have a 55% win rate with a 1:1 strategy? Maybe your strategy involves trailing stops using certain rules.
I heard of a hedge fund manager who made a killing with a 20% win rate strategy. If the market didn't move in his favour immediately, he got out quickly, lessening the losses and maximising his wins, but his win rate automatically has to go down.
I agree, and this is all down to personality. I am not good at 5 to 1's as you take soo many losses
nice thumbnail!
Good to see Andrew and Max teaming up. Good luck on the new channel. Is there any discount code for the trading challenge for a funding account, maybe like a 10% discount 🤪
haha we have discount in the room but not the funding at the moment, send us a message on our website thecitytraders.com