Free booklet for download
terça-feira, 27 de novembro de 2018
terça-feira, 20 de novembro de 2018
Technical Analysis - How to Read Charts?
Technical Analysis - How to Read Charts?
How to spot market trends by reading charts? Get to know the Trend Lines Values... charts... lines... indexes. Financial analysis seems to confuse you? You think all those graphs are too complicated? Relax TRADING 212 is here to show you the simple steps to figure it all out. Let’s start with our first lesson in which we will show how to identify market trends. Learn how to draw the trend lines. The financial market is like a roller coaster. It has ups and downs and it certainly gives a strong adrenaline rush. Well,.. before you join the ride you need to be able to recognize the two types of trend lines: a resistance line and a support line. But how and where to find them? We will show you in the next few minutes. Have a look at the candlestick chart. Try to spot all the bottoms located on the same level. Simply connect them together and there you go – you have drawn a support line.
Remember that you will need to have at least two bottoms touching the same line. Connect two or more peaks and what you have now is the so called resistance line. Easy, right?! Both lines keep the movement of the price within a range for a certain period of time until the price is strong enough to make a break. Once the price breaks through the top line, it's most likely to keep its upward direction. If the candle finishes its movement above the resistance line, it’s time for you to BUY. In this very moment the resistance line becomes a support line - a clear signal that the price is going up. Don't panic if the price drops for a few moments. It is only a FALSE BREAK and the price will certainly rise again.
Let’s see what happens when the price goes down. Looks like the same scenario is repeating, just in the opposite direction. The price breaks through the bottom line which is a signal to SELL. Now the support line becomes a resistance line. And again, don't freak out if the price jumps up a little bit. It is just another test of the line and the price is surely staying below this level. It’s good to know that trends can go up and down. Lines are not necessarily horizontal. You can have them looking just like slopes and hills. Let’s see how this works in practice! Simply log in to your account at www.trading212.com If you still don’t have one, register now. It’s free and takes only a few seconds. Now, that you are in our trading platform you can easily open an advanced chart with a single click on the icon. Then choose an instrument from the drop-down menu. In this example we use Gold. Now set a time period for your chart – let's pick ‘1 day’.
You can easily adjust your chart view by dragging the slider on the bottom of the page. Zooming it out helps you see the bigger picture. Then go to the toolbar and choose “trend line”. Connect two or more peaks together. Double click on the line to customize its colour and length. Now connect two bottoms by drawing another line and again double-click to customize its colour and length. There you go – you have the resistance line on top and the support line at the bottom. Keep in mind that there are exceptions in every rule. The examples we have provided do not cover 100% of the market scenarios but will certainly help you spot more trends and achieve higher returns. For more free trading tutorials check out www.trading212.com .
Trading 212, market, market trend, trend, trend line, profit, technical analysis, finance, money, trading, trade, graphs, charts, graphics, forex
How to spot market trends by reading charts? Get to know the Trend Lines Values... charts... lines... indexes. Financial analysis seems to confuse you? You think all those graphs are too complicated? Relax TRADING 212 is here to show you the simple steps to figure it all out. Let’s start with our first lesson in which we will show how to identify market trends. Learn how to draw the trend lines. The financial market is like a roller coaster. It has ups and downs and it certainly gives a strong adrenaline rush. Well,.. before you join the ride you need to be able to recognize the two types of trend lines: a resistance line and a support line. But how and where to find them? We will show you in the next few minutes. Have a look at the candlestick chart. Try to spot all the bottoms located on the same level. Simply connect them together and there you go – you have drawn a support line.Remember that you will need to have at least two bottoms touching the same line. Connect two or more peaks and what you have now is the so called resistance line. Easy, right?! Both lines keep the movement of the price within a range for a certain period of time until the price is strong enough to make a break. Once the price breaks through the top line, it's most likely to keep its upward direction. If the candle finishes its movement above the resistance line, it’s time for you to BUY. In this very moment the resistance line becomes a support line - a clear signal that the price is going up. Don't panic if the price drops for a few moments. It is only a FALSE BREAK and the price will certainly rise again.
Let’s see what happens when the price goes down. Looks like the same scenario is repeating, just in the opposite direction. The price breaks through the bottom line which is a signal to SELL. Now the support line becomes a resistance line. And again, don't freak out if the price jumps up a little bit. It is just another test of the line and the price is surely staying below this level. It’s good to know that trends can go up and down. Lines are not necessarily horizontal. You can have them looking just like slopes and hills. Let’s see how this works in practice! Simply log in to your account at www.trading212.com If you still don’t have one, register now. It’s free and takes only a few seconds. Now, that you are in our trading platform you can easily open an advanced chart with a single click on the icon. Then choose an instrument from the drop-down menu. In this example we use Gold. Now set a time period for your chart – let's pick ‘1 day’.
You can easily adjust your chart view by dragging the slider on the bottom of the page. Zooming it out helps you see the bigger picture. Then go to the toolbar and choose “trend line”. Connect two or more peaks together. Double click on the line to customize its colour and length. Now connect two bottoms by drawing another line and again double-click to customize its colour and length. There you go – you have the resistance line on top and the support line at the bottom. Keep in mind that there are exceptions in every rule. The examples we have provided do not cover 100% of the market scenarios but will certainly help you spot more trends and achieve higher returns. For more free trading tutorials check out www.trading212.com .
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Penny Stocks vs. Options - Which is Better?
Penny Stocks vs. Options - Which is Better?
Watch the video in full ... Click here
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segunda-feira, 19 de novembro de 2018
Tradingview & Coingy Tutorial: How To Setup Indicators For Crypto Trading!
Tradingview & Coingy Tutorial: How To Setup Indicators For Crypto Trading!
Hope you enjoy the video tutorial! .
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Hope you enjoy the video tutorial! .
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terça-feira, 13 de novembro de 2018
What Is An IPO?
What Is An IPO?
An IPO is an initial public offering the first time a company offers its stock for sale to the public following an IPO a company ceases to be a private enterprise or in the case of privatization a government-owned utility it becomes publicly listed and its shares are traded on a stock exchange Facebook and Twitter have held two high-profile IPOs in recent years but flotation like this come in all shapes and sizes so why would a private company choose to go public primarily it's about generating capital if a company needs funds to invest in its expansion it can either borrow the money or sell shares via an IPO an IPO has the added benefit of generating publicity for the company boosting its reputation as a successful established business so what does this mean for traders well IPOs often see a flurry of activity as investors buy or sell new stock they believed to be under or overvalued this can create volatility which while risky can mean opportunities to trade one way to take a position before the IPO is by trading on a gray market for example you might open a CFD that settles on the size of the company's market capitalization following the first day of trading gray markets can also gauge trader sentiment in the run-up to the IPO and of course after the IPO you can trade the shares just like any other listed company as ever though it's important you do your research and keep up to speed with all the breaking news because the better you understand the company its sector and the circumstances surrounding the IPO the better you can assess how accurately the stock is valued and the level of risk involved
Initial Public Offering, ipo, strading, shares trading, stock trading, financial trading
An IPO is an initial public offering the first time a company offers its stock for sale to the public following an IPO a company ceases to be a private enterprise or in the case of privatization a government-owned utility it becomes publicly listed and its shares are traded on a stock exchange Facebook and Twitter have held two high-profile IPOs in recent years but flotation like this come in all shapes and sizes so why would a private company choose to go public primarily it's about generating capital if a company needs funds to invest in its expansion it can either borrow the money or sell shares via an IPO an IPO has the added benefit of generating publicity for the company boosting its reputation as a successful established business so what does this mean for traders well IPOs often see a flurry of activity as investors buy or sell new stock they believed to be under or overvalued this can create volatility which while risky can mean opportunities to trade one way to take a position before the IPO is by trading on a gray market for example you might open a CFD that settles on the size of the company's market capitalization following the first day of trading gray markets can also gauge trader sentiment in the run-up to the IPO and of course after the IPO you can trade the shares just like any other listed company as ever though it's important you do your research and keep up to speed with all the breaking news because the better you understand the company its sector and the circumstances surrounding the IPO the better you can assess how accurately the stock is valued and the level of risk involvedInitial Public Offering, ipo, strading, shares trading, stock trading, financial trading
Investing Basics: Bonds
Investing Basics:Bonds
Bonds are a common investment. However, to many investors, they remain a mystery. So let's explore what a bond is and how it might benefit your investment portfolio. A bond is simply a loan given to a company or government by an investor. By issuing a bond, a company or government borrows money from investors, who in return are paid interest on the money they've loaned. Companies and governments issue bonds frequently to fund new projects or ongoing expenses. Some investors use bonds in hopes of preserving the money they have while also generating additional income. Bonds are often viewed as a less risky alternative to stocks, and are sometimes used to diversify a portfolio.
Consider this example. The city of Fairview wants to build a new baseball stadium, so it decides to issue bonds to raise money. Each bond is a loan for $1,000, which Fairview promises to pay back in 10 years. To make this loan more attractive to investors, Fairview agrees to pay an annual interest rate of 5%, which in the bond world is also known as a coupon rate. An investor buys the bond at face value for $1,000. Now, let's fast forward. Each year the city of Fairview pays the investor $50. These regular interest rates continue for the length of the bond, which is 10 years. Once the bond reaches maturity, the investor redeems his bond, and Fairview returns his $1,000 principal investment. This bond was a good deal for both the city and our investor. Fairview got the money it needed to build the stadium. The investor received regular interest payments and the return of the original investment. Because a bond offers regularly scheduled payments and the return of invested principal, bonds are often viewed as a more predictable and stable form of investing. Compare regular payments of a bond to the experience of owning a stock.
With stocks, profits and losses are driven by market forces and are generally less predictable. Of course, like any investment, bonds are not without risk. One risk that bond investors face is the possibility that the issuer defaults on paying back the principal. This is what is known as default risk. Typically, bonds with higher default risk also come with higher coupon rates. The amount of risk depends mostly on the financial stability of the issuer.
For example, most governments are generally considered stable issuers and issue bonds with a relatively low coupon rate. Corporate bonds typically represent a greater risk of default, as companies can and do go bankrupt. That's why corporate bonds often offer a higher coupon rate. Several credit rating agencies assign rankings to different bonds. This can help bond investors to gauge the financial strength of the bond issuer.
These ratings agencies often use different criteria for measuring risk. So it's a good idea to compare ratings when considering a particular bond. And keep in mind, rating agencies aren't always accurate. So be sure to research a bond and its risks thoroughly before investing. Another risk to consider as interest rate risk. This is the risk that interest rates will go up and any bonds you own will be worth less if sold before the maturity date. After all, when interest rates rise, more investors allocate their money into the new, higher interest rate bonds. If you wanted to unload a low interest rate bond to take advantage of these new rates, you would have to sell your bond at a discount to make it a worthwhile purchase for another investor.
Capital preservation and income generation are just two ways bonds might be part of a diversified portfolio. Many investors use a mix of stocks and bonds to pursue their investment goals. And because bonds moved differently from stocks, they can help increase or protect portfolio returns. Keep in mind that this discussion showed you one simplified way that investors might use bonds and only a few of the risks to consider. Like all investments, bonds are complex and have a variety of uses and risks. Before you invest in bonds, it's important that you invest in your own financial education.
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Consider this example. The city of Fairview wants to build a new baseball stadium, so it decides to issue bonds to raise money. Each bond is a loan for $1,000, which Fairview promises to pay back in 10 years. To make this loan more attractive to investors, Fairview agrees to pay an annual interest rate of 5%, which in the bond world is also known as a coupon rate. An investor buys the bond at face value for $1,000. Now, let's fast forward. Each year the city of Fairview pays the investor $50. These regular interest rates continue for the length of the bond, which is 10 years. Once the bond reaches maturity, the investor redeems his bond, and Fairview returns his $1,000 principal investment. This bond was a good deal for both the city and our investor. Fairview got the money it needed to build the stadium. The investor received regular interest payments and the return of the original investment. Because a bond offers regularly scheduled payments and the return of invested principal, bonds are often viewed as a more predictable and stable form of investing. Compare regular payments of a bond to the experience of owning a stock.
With stocks, profits and losses are driven by market forces and are generally less predictable. Of course, like any investment, bonds are not without risk. One risk that bond investors face is the possibility that the issuer defaults on paying back the principal. This is what is known as default risk. Typically, bonds with higher default risk also come with higher coupon rates. The amount of risk depends mostly on the financial stability of the issuer.
For example, most governments are generally considered stable issuers and issue bonds with a relatively low coupon rate. Corporate bonds typically represent a greater risk of default, as companies can and do go bankrupt. That's why corporate bonds often offer a higher coupon rate. Several credit rating agencies assign rankings to different bonds. This can help bond investors to gauge the financial strength of the bond issuer.
These ratings agencies often use different criteria for measuring risk. So it's a good idea to compare ratings when considering a particular bond. And keep in mind, rating agencies aren't always accurate. So be sure to research a bond and its risks thoroughly before investing. Another risk to consider as interest rate risk. This is the risk that interest rates will go up and any bonds you own will be worth less if sold before the maturity date. After all, when interest rates rise, more investors allocate their money into the new, higher interest rate bonds. If you wanted to unload a low interest rate bond to take advantage of these new rates, you would have to sell your bond at a discount to make it a worthwhile purchase for another investor.
Capital preservation and income generation are just two ways bonds might be part of a diversified portfolio. Many investors use a mix of stocks and bonds to pursue their investment goals. And because bonds moved differently from stocks, they can help increase or protect portfolio returns. Keep in mind that this discussion showed you one simplified way that investors might use bonds and only a few of the risks to consider. Like all investments, bonds are complex and have a variety of uses and risks. Before you invest in bonds, it's important that you invest in your own financial education.
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What Is Short Selling?
What Is Short Selling?
Buy low, sell high: conventional wisdom says the only way to trade is to go long. But short-selling, going short or shorting is a way to trade if you think a market will fall. The aim: sell high, and buy low. But how can you sell something you don't actually own? Well let's take Rio Tinto. Imagine it's trading ad thirty four pounds per share. You think the price will drop, so you short sell a hundred shares at a value of thirty four hundred pounds. To do this, you effectively borrow them from your broker. If the share price does fall to say thirty two pounds, you can buy back all one hundred shares for thirty two hundred pounds, and return them to your broker.
The difference, two hundred pounds, your profit, less any fees or commissions. But if the price had risen to thirty six pounds, for example, buying back your shares would cost you thirty six hundred, and that would mean a loss of two hundred pounds plus costs. Remember you always need to buy the shares back at some point, as they still belong to your lender. Trading derivatives, like CFDs, makes the process of short-selling as straightforward as possible. You never own the underlying asset anyway, so short-selling is no more complicated than going long. So why do traders short-sell? The obvious reason: you can trade a market when it's going down. So bad news and price dips can become opportunities. Another: hedging, where you open a position that can counter adverse moves in your portfolio, offsetting your risk. For example, if you have long positions on several Nikkei 225 companies, you could use a CFD to short sell the Nikkei index as a whole, which could reduce the impact on your bottom line if your Japanese shares start dropping in value. So, short selling has its advantages, but there are potential downsides too.
Unlike going long, there's no limit on how much you stand to lose. If you buy an asset thinking it will increase in price, the absolute worst case is it drops to zero. But when you go short, the price could rise indefinitely. This makes it important to use stops to limit your losses. So the risks are there, but if you approach with care, the opportunities provided by short selling really can add another dimension to your trading. .
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Buy low, sell high: conventional wisdom says the only way to trade is to go long. But short-selling, going short or shorting is a way to trade if you think a market will fall. The aim: sell high, and buy low. But how can you sell something you don't actually own? Well let's take Rio Tinto. Imagine it's trading ad thirty four pounds per share. You think the price will drop, so you short sell a hundred shares at a value of thirty four hundred pounds. To do this, you effectively borrow them from your broker. If the share price does fall to say thirty two pounds, you can buy back all one hundred shares for thirty two hundred pounds, and return them to your broker.The difference, two hundred pounds, your profit, less any fees or commissions. But if the price had risen to thirty six pounds, for example, buying back your shares would cost you thirty six hundred, and that would mean a loss of two hundred pounds plus costs. Remember you always need to buy the shares back at some point, as they still belong to your lender. Trading derivatives, like CFDs, makes the process of short-selling as straightforward as possible. You never own the underlying asset anyway, so short-selling is no more complicated than going long. So why do traders short-sell? The obvious reason: you can trade a market when it's going down. So bad news and price dips can become opportunities. Another: hedging, where you open a position that can counter adverse moves in your portfolio, offsetting your risk. For example, if you have long positions on several Nikkei 225 companies, you could use a CFD to short sell the Nikkei index as a whole, which could reduce the impact on your bottom line if your Japanese shares start dropping in value. So, short selling has its advantages, but there are potential downsides too.
Unlike going long, there's no limit on how much you stand to lose. If you buy an asset thinking it will increase in price, the absolute worst case is it drops to zero. But when you go short, the price could rise indefinitely. This makes it important to use stops to limit your losses. So the risks are there, but if you approach with care, the opportunities provided by short selling really can add another dimension to your trading. .
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What Moves The Stock Markets?
What Moves The Stock Markets?
When trading it's important to understand what moves the markets this going to help you determine the best time to open a position take your profits or cut your losses price movement is affected by supply and demand if more people want to buy a share than sell it demand outstrip supply and the price rises if supply is greater than demand the price Falls but what makes traders want to buy or sell shares any significant news from a company will impact interest in its stock positive news suggesting growth may see the price rise while losses or bad press could mean a full examples of company news includes quarterly earnings launching a new product change of management redundancies or a merger or acquisition another major factor is trader sentiment the overall feeling investors have about a company's future performance this is often psychological investors can be influenced by the mood in the markets and what other traders are doing finally external factors beyond the company's control can cause movement changes in legislation or public opinion the health of the economy interest rates employment figures house prices or broader factors like natural disasters climate change and conflicts so now you have a better understanding of why stock markets move what next keep a close eye on the companies you trade without losing sight of the bigger picture read the company's annual report and press releases check out competitors are they gaining market share what about the supply chain will oil prices affect distribution costs by keeping up with the latest news and understanding how different markets relate to one another you can turn periods of volatility to your advantage you
financial markets, stock markets, market movers, fundamental analysis, trading indicators, economic data, market news, Financial Market (Literature Subject), Finance (Industry)
When trading it's important to understand what moves the markets this going to help you determine the best time to open a position take your profits or cut your losses price movement is affected by supply and demand if more people want to buy a share than sell it demand outstrip supply and the price rises if supply is greater than demand the price Falls but what makes traders want to buy or sell shares any significant news from a company will impact interest in its stock positive news suggesting growth may see the price rise while losses or bad press could mean a full examples of company news includes quarterly earnings launching a new product change of management redundancies or a merger or acquisition another major factor is trader sentiment the overall feeling investors have about a company's future performance this is often psychological investors can be influenced by the mood in the markets and what other traders are doing finally external factors beyond the company's control can cause movement changes in legislation or public opinion the health of the economy interest rates employment figures house prices or broader factors like natural disasters climate change and conflicts so now you have a better understanding of why stock markets move what next keep a close eye on the companies you trade without losing sight of the bigger picture read the company's annual report and press releases check out competitors are they gaining market share what about the supply chain will oil prices affect distribution costs by keeping up with the latest news and understanding how different markets relate to one another you can turn periods of volatility to your advantage youfinancial markets, stock markets, market movers, fundamental analysis, trading indicators, economic data, market news, Financial Market (Literature Subject), Finance (Industry)
ThinkForex - Forex Broker - Australian Forex Broker - AU Forex
ThinkForex - Forex Broker - Australian Forex Broker - AU Forex
Delivering quality consumer service and personalize customer service for our traders and clients is first and foremost at ThinkForex Our experience team of forex professionals is waiting to assist you in every step of the way. At ThinkForex, our customer service team is your team. .
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Simple Trend Following Strategy
Simple Trend Following Strategy
Hi my name is Johan Nordstrom from Trading Walk and in this video I'm gonna show you how you can find and trade a trend okay so to find and trade the trend we need to have a definition of what the trend is an uptrend is when we have higher highs and higher lows a confirmed uptrend is when we have two consecutive higher highs and higher lows a downtrend is when we have lower lows and lower highs they confirmed on trend it's when we have two consecutive lower lows and lower highs so it's pretty simple just what you want you don't want to use 100 indicators or a bunch of crazy stuff okay so looking at this EURUSD chart 1H we can see that from the bottom left here we have a high a low and when that high breaks we have a higher high we form low and when we break the top we have a confirmed we have two confirmed highs so two confirmed highs and two confirmed higher lows so in this stage we are in uptrend and as you can see we continue to form higher highs and higher lows until the high of this chart we blow out the last up thrust we crash down forming a lower low so this is just a lower low this is not an down trend yet but as you can see we pull back forming a lower high that is confirmed when that first low breaks so we now have two lower lows but we had doesn't have to lower highs yet so in many cases we would see an double bottom type formation in this excel from this example so anytime you can see that we get a lower low a break below the flow that reverses back quick and and continuing in the previous trend so two to trade shorts here we want to wait for a break that confirms two lower lows into lower highs and as you can see here we get a break and we have a consolidation with the higher highs and lower lows so there's a consolidation and since we're coming from a downtrend a newly formed downtrend the trend is likely to continue in the previous trend before the consolidation so we'll break down to new lower lows we don't get two confirmed higher highs and higher lows for a very long time as you can see here at 10th to 11th May we have a great setup you can find in my winning trading strategy eBook it's a high high low higher high but we don't have two confirmed higher highs and higher lows we have two higher highs but only one higher low and as you can see the trend continues down and still today we're in a downtrend the scenario now is that we have a possible higher low and that we will see a higher high but remember now if we get a higher high here we want a higher low again and confirmation of that higher high and confirmation is the break above so to trade this you want to trade short as long as the trend it's down my winning trading strategy is a great setup for trend trading it's actually a possible setup we have right here that we might get an entry and how you trade trend is you just trade in the direction of the trend until the trend ends thank you so much for watching this video please hit the like button and subscribe you can also connect with me on Instagram Twitter and Facebook and download my winning trading strategy until next time to your success
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Hi my name is Johan Nordstrom from Trading Walk and in this video I'm gonna show you how you can find and trade a trend okay so to find and trade the trend we need to have a definition of what the trend is an uptrend is when we have higher highs and higher lows a confirmed uptrend is when we have two consecutive higher highs and higher lows a downtrend is when we have lower lows and lower highs they confirmed on trend it's when we have two consecutive lower lows and lower highs so it's pretty simple just what you want you don't want to use 100 indicators or a bunch of crazy stuff okay so looking at this EURUSD chart 1H we can see that from the bottom left here we have a high a low and when that high breaks we have a higher high we form low and when we break the top we have a confirmed we have two confirmed highs so two confirmed highs and two confirmed higher lows so in this stage we are in uptrend and as you can see we continue to form higher highs and higher lows until the high of this chart we blow out the last up thrust we crash down forming a lower low so this is just a lower low this is not an down trend yet but as you can see we pull back forming a lower high that is confirmed when that first low breaks so we now have two lower lows but we had doesn't have to lower highs yet so in many cases we would see an double bottom type formation in this excel from this example so anytime you can see that we get a lower low a break below the flow that reverses back quick and and continuing in the previous trend so two to trade shorts here we want to wait for a break that confirms two lower lows into lower highs and as you can see here we get a break and we have a consolidation with the higher highs and lower lows so there's a consolidation and since we're coming from a downtrend a newly formed downtrend the trend is likely to continue in the previous trend before the consolidation so we'll break down to new lower lows we don't get two confirmed higher highs and higher lows for a very long time as you can see here at 10th to 11th May we have a great setup you can find in my winning trading strategy eBook it's a high high low higher high but we don't have two confirmed higher highs and higher lows we have two higher highs but only one higher low and as you can see the trend continues down and still today we're in a downtrend the scenario now is that we have a possible higher low and that we will see a higher high but remember now if we get a higher high here we want a higher low again and confirmation of that higher high and confirmation is the break above so to trade this you want to trade short as long as the trend it's down my winning trading strategy is a great setup for trend trading it's actually a possible setup we have right here that we might get an entry and how you trade trend is you just trade in the direction of the trend until the trend ends thank you so much for watching this video please hit the like button and subscribe you can also connect with me on Instagram Twitter and Facebook and download my winning trading strategy until next time to your successtrend trading strategies, trend trading forex, trend trading for a living, trend trading basics, trend trading techniques, trend trading stocks, trend trading for dummies, trend trading binary options, best trend trading strategy, binary, stocks, tutorial, training, trading rules that work, trading rules strategies for success, day trading rules, forex trading rules, trend following strategies, trend following, forex trend trading strategy, trend trading, 2018
segunda-feira, 12 de novembro de 2018
Forex Trading Book - Episode 1 - Price Action Breakdown
Forex Trading Book - Episode 1 - Price Action Breakdown
Today we are going to talk about Forex Trading books, so let's start! Hello everyone, welcome back to my channel. This is Federico Sellitti, forex trader since 2007 and Udemy instructor since 2017. Today I'm going to talk about Forex Trading Books, well, just one book. This is a new series that I have launched on my YouTube channel and today I'm going to review a Forex Trading Book. I think that many traders, many people expect me to start with a classic like "The New Market Wizards" or "Trading in the Zone", but there will be time for those books. Today I want to start with a book that is not super popular like the ones that I have mentioned, and I'm going to review "Price Action Breakdown", I have the book here, "Price Action Breakdown" by Laurentiu Damir... sorry for the pronunciation, I think I got it wrong, but you know the book I'm talking about. I will also place the link in the description and I want to start with the book on Amazon.com.
You can find also the link in the description to amazon.com, so you can check all the statistics, all the info for the book. It's not like a huge book, but you can see that the price is $28 more or less, that I think it is a bit expensive, considering that the book is about 100 pages, it is about 105 pages, so it's not like a cheap book. $28 for like 100 pages, I think it is pretty expensive, but I think that the concepts that the author expresses are valid, so probably the book is worth $28.Also, you can see the reviews here. There are 222 reviews for a total of out of 5. So it's a very good book. Also, one problem that you usually have when you want to buy a new book is that it is quite easy to understand the topic.This book is called "Price Action Breakdown", so, of course, it is about price action, but sometimes you don't know if it is for beginners or if it is for experts.
Sometimes you buy a book with the expectations to start from the very beginning, but the book is not easy to understand and it starts with advanced concepts or sometimes it is just the opposite. I like the book because it starts with a paragraph that is "who is this book for". So it immediately explains who this book is for and I'm going to read just one sentence of the book, so you can understand if this book is for you or if it is not for you. The author says: "If you are at the very beginning with respect to trading, I suggest you do some online searching and acquire basic knowledge of the market or markets you want to start trading. Familiarize yourself with your trading platform and then come back to reading this book.". So the book is not for beginners. It will not tell you how to place an order on the market, it will not talk about leverage, it will not talk about pips, it will not talk about risk management and you will not find like basic elements of price action and technical analysis like support and resistance or trend lines.
You will find more advanced concepts. So, if you are a beginner, if you are just starting trading or if you are just starting with technical analysis, probably this book is not for you. But is it so advanced? No, in my opinion it is not for super expert people because it expresses concepts that you can easily understand if you have a basic knowledge of Forex Market, so if you are a trader with experience, even like 6 months and you are quite familiar with basic terms of Forex Market and with basic concepts of technical analysis, this book is for you. And also I want to mention the points and the concepts that I like in this book and also the other things that I didn't like in the book. First of all, I liked the concepts that the author expresses in the book. There some interesting concepts like the "fair value area" or the "control price". The fair value area is the equivalent, more or less, of a congestion phase on the market, so the author approaches the market in a very logical way to try to understand where demand and supply are addressed, so you will find this kind of concept of balance between supply and demand or balance in terms of fight between buyers and sellers, that is something that I like a lot and I try to express even in my courses on Udemy.
I try to express this in terms of candlesticks, if you had the chance to take my course about candlestick patterns, and I try to do the same with my Swing trading course, if you had the chance to have a look at it. And probably, this book is not very similar to my swing trading course, but it tries to express other concepts but in a very similar way compared to my swing trading course, but it really treats kind of different arguments, but the logic behind it is kind of similar. that's why I really like this book because it expresses concepts in a very logical way. So you will not find something like "we have this setup so we need to buy" or "we have this setup so you need to sell", you will not find something like this. Everything is approached in a very rationale way and it will give you something to think about for each market scenario, not something that you just need to apply without even understanding what you are doing on the market.
So this is one of the reasons why I really like this book, but I have to say that there is something that I don't like in this book. Even if the author tries to approach the market in a very rational way, there are just a few examples of entry points in the market and almost nothing about stop loss and take profit and I think that this is an important limitation of the book, because it is quite easy to understand the concepts that he tries to explain, but, at one point, it feels like it doesn't really have a realistic approach, because the concept is quite clear, but it is not very clear when and where to enter on the market and where to place your stop loss and take profit.
So the concepts that you will find in the book are valid, but you need to do extra work to try to analyze the market by yourself with a more practical approach, so try to study the best stop loss and the best take profit for this kind of technique that he uses to analyze the market. So this is an important limitation for the book, the lack of entry and exit points, even if, by the end of the book, he tries to give some information about entry points, but it really misses an important part of trading, that is exit points, so stop loss and take profit. It doesn't really go deep into it and I think that for this reason I can't really give a very very high score for this book, I think that if I had to give a rate, I would give 7 out of 10 for this book, just because it misses a very important part of trading. But having said that, "Price Action Breakdown" by Laurentiu Damir, I'm really sorry for the pronunciation. That was the book for today and I with you a great trading career and I will see you in the next video.
Thank you very much for watching. .
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Today we are going to talk about Forex Trading books, so let's start! Hello everyone, welcome back to my channel. This is Federico Sellitti, forex trader since 2007 and Udemy instructor since 2017. Today I'm going to talk about Forex Trading Books, well, just one book. This is a new series that I have launched on my YouTube channel and today I'm going to review a Forex Trading Book. I think that many traders, many people expect me to start with a classic like "The New Market Wizards" or "Trading in the Zone", but there will be time for those books. Today I want to start with a book that is not super popular like the ones that I have mentioned, and I'm going to review "Price Action Breakdown", I have the book here, "Price Action Breakdown" by Laurentiu Damir... sorry for the pronunciation, I think I got it wrong, but you know the book I'm talking about. I will also place the link in the description and I want to start with the book on Amazon.com.You can find also the link in the description to amazon.com, so you can check all the statistics, all the info for the book. It's not like a huge book, but you can see that the price is $28 more or less, that I think it is a bit expensive, considering that the book is about 100 pages, it is about 105 pages, so it's not like a cheap book. $28 for like 100 pages, I think it is pretty expensive, but I think that the concepts that the author expresses are valid, so probably the book is worth $28.Also, you can see the reviews here. There are 222 reviews for a total of out of 5. So it's a very good book. Also, one problem that you usually have when you want to buy a new book is that it is quite easy to understand the topic.This book is called "Price Action Breakdown", so, of course, it is about price action, but sometimes you don't know if it is for beginners or if it is for experts.
Sometimes you buy a book with the expectations to start from the very beginning, but the book is not easy to understand and it starts with advanced concepts or sometimes it is just the opposite. I like the book because it starts with a paragraph that is "who is this book for". So it immediately explains who this book is for and I'm going to read just one sentence of the book, so you can understand if this book is for you or if it is not for you. The author says: "If you are at the very beginning with respect to trading, I suggest you do some online searching and acquire basic knowledge of the market or markets you want to start trading. Familiarize yourself with your trading platform and then come back to reading this book.". So the book is not for beginners. It will not tell you how to place an order on the market, it will not talk about leverage, it will not talk about pips, it will not talk about risk management and you will not find like basic elements of price action and technical analysis like support and resistance or trend lines.
You will find more advanced concepts. So, if you are a beginner, if you are just starting trading or if you are just starting with technical analysis, probably this book is not for you. But is it so advanced? No, in my opinion it is not for super expert people because it expresses concepts that you can easily understand if you have a basic knowledge of Forex Market, so if you are a trader with experience, even like 6 months and you are quite familiar with basic terms of Forex Market and with basic concepts of technical analysis, this book is for you. And also I want to mention the points and the concepts that I like in this book and also the other things that I didn't like in the book. First of all, I liked the concepts that the author expresses in the book. There some interesting concepts like the "fair value area" or the "control price". The fair value area is the equivalent, more or less, of a congestion phase on the market, so the author approaches the market in a very logical way to try to understand where demand and supply are addressed, so you will find this kind of concept of balance between supply and demand or balance in terms of fight between buyers and sellers, that is something that I like a lot and I try to express even in my courses on Udemy.
I try to express this in terms of candlesticks, if you had the chance to take my course about candlestick patterns, and I try to do the same with my Swing trading course, if you had the chance to have a look at it. And probably, this book is not very similar to my swing trading course, but it tries to express other concepts but in a very similar way compared to my swing trading course, but it really treats kind of different arguments, but the logic behind it is kind of similar. that's why I really like this book because it expresses concepts in a very logical way. So you will not find something like "we have this setup so we need to buy" or "we have this setup so you need to sell", you will not find something like this. Everything is approached in a very rationale way and it will give you something to think about for each market scenario, not something that you just need to apply without even understanding what you are doing on the market.
So this is one of the reasons why I really like this book, but I have to say that there is something that I don't like in this book. Even if the author tries to approach the market in a very rational way, there are just a few examples of entry points in the market and almost nothing about stop loss and take profit and I think that this is an important limitation of the book, because it is quite easy to understand the concepts that he tries to explain, but, at one point, it feels like it doesn't really have a realistic approach, because the concept is quite clear, but it is not very clear when and where to enter on the market and where to place your stop loss and take profit.
So the concepts that you will find in the book are valid, but you need to do extra work to try to analyze the market by yourself with a more practical approach, so try to study the best stop loss and the best take profit for this kind of technique that he uses to analyze the market. So this is an important limitation for the book, the lack of entry and exit points, even if, by the end of the book, he tries to give some information about entry points, but it really misses an important part of trading, that is exit points, so stop loss and take profit. It doesn't really go deep into it and I think that for this reason I can't really give a very very high score for this book, I think that if I had to give a rate, I would give 7 out of 10 for this book, just because it misses a very important part of trading. But having said that, "Price Action Breakdown" by Laurentiu Damir, I'm really sorry for the pronunciation. That was the book for today and I with you a great trading career and I will see you in the next video.
Thank you very much for watching. .
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Automated Day Trading: Selecting Winning Traders & Systems
Automated Day Trading: Selecting Winning Traders & Systems
Hi Guys! Welcome to my video on automated day trading. Today, I want to show you three steps that I use to analyze winning traders and systems. And these are steps that are based on over 15 years of experience that I have in trading, managed accounts, and risk management. The reality is that everybody wants to be a successful trader, but not everybody is gonna get there in a quick period of time. Sometimes it takes years for a successful trader to evolve. If you still want to participate in day trading while you learn, then what I'm gonna show you in this video is gonna help you take advantage of that.
It's going to allow you to copy trades of successful traders into your own account. It's like having many successful traders managing your money for you. And I said "many" because this is not about getting one specific strategy or finding the "best" trader in the world to manage your money. That doesn't exist. There's no holy grail. So it makes sense to have a diversified set of strategies or traders managing your account if you're not gonna do it yourself. Keep in mind that in this video I'm going to cover 3 steps, so it's going to be pretty basic. It's just going to give you enough to get you started. Now, if you determine that this is something that you want to use for your own account, and you want to take this to the next level and apply it to your own account and copy the trades, then I'm going to give you an advanced hands-on guide that's going to show you how to do it.
Let me start by a basic example to help you see what this is all about. Alright so let's get down to it. We're going to go ahead and analyze a system with real results to determine if it makes sense or not to follow this particular trader. And I'm going to use my own criteria to determine if it makes sense or not. Mind you that this is going to be a basic analysis. I'm gonna do a more advanced analysis on the next video, which you can actually watch and you'll get once you decide to open your account and set it up. You'll get a video that's going to show you in depth what to look at. But for now, I'm just going to give you the basics. First of all, let's just look at the results of this system and here we have how much this system has returned, 143% since it started.
You have the monthly return, 14.2%. The drawdown, 26.61%. and a lot of other information and details. It gives you the summary for today, for the week, for the month. Today is February 17th, 2015, so, so far this year, the system is up 24.26% on live accounts. It has 896 transactions and average win/average loss. As you can see, there's a vast amount of information here and we're going to get to this in the advanced video, but for now, I'll just give you the basics. What are the things I look for? What are the basic things I look for, the 3 things I look for to determine if this is a winning system or a system that you'll want to set up in your account to copy the trades or to follow based on the statistics and the risk that the system has generated since it started.
The first thing I look for is a yearly return over risk of 4 or more. That means that I want to make sure that this trader has produced at least four times the risk he has taken historically. So very easy...14.24% a month is around 160% a year and by risk I mean maximum drawdown. Maximum drawdown is 26.6%. If you divide 160% for the year by 26, you get around 6. That means that this system has generated six times the risk in return; so that passes. That's greater than 4, so so far, so good. The second thing I look for is the number of transactions the system has generated since inception, since it started, and this system has generated 896 transactions. And that looks like a lot and it is because the number I look for is 250. I wanna make sure that this strategy has at least 250 transactions, because, if it's very little transactions, the results can just be a result of luck instead of skill...and we don't want that. And the 3rd thing I look for...important...is the average win over average loss.
I wanna make sure that the average win is greater than the average loss. And in this case you'll see that 241 pips is greater than 135, so that meets that criteria. And we can get really in depth here, but if we just scroll down to the trading activity, we see that there's a lot of other information...the open transactions, those are actual trades that are opened right now. Open orders and the history, which gives you an idea of what are the instruments that this guy, this trader trades. And we see US Dollar vs Canadian Dollar, Australian vs New Zealand Dollar, Euro-Aussie, Euro-Pound and so on and so forth. So you see guys the analysis to come up with a winning system or a winning trader is a pretty advanced one. It can get pretty detailed and involved. In this video, I just wanted to touch upon the 3 basic things that I look at, which in order, are: Number 1: The yearly return over the maximum risk is 4 or more.
Number 2: I wanna have a system or a trader with at least 250 transactions since inception, or since the beginning to avoid running into luck. Number 3: The final thing is that I want the average win to be bigger than the average loss. I hope you liked this video. If you decide that the copy trade service is something that you want to take advantage and activate in your own account, I have designed a guide and a more advanced video to help you. And once you make that decision and open your live account, I will send you the guide and the video to help you select the best systems and traders. If you liked this video and found it useful, please share it with your friends. Also, I recommend that you subscribe to my day trading channel to stay up to date with any new information on day trading or any cool tools that you might be able to access in the future. Until next time, this is Dan Alvarez. Happy Trading! .
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Hi Guys! Welcome to my video on automated day trading. Today, I want to show you three steps that I use to analyze winning traders and systems. And these are steps that are based on over 15 years of experience that I have in trading, managed accounts, and risk management. The reality is that everybody wants to be a successful trader, but not everybody is gonna get there in a quick period of time. Sometimes it takes years for a successful trader to evolve. If you still want to participate in day trading while you learn, then what I'm gonna show you in this video is gonna help you take advantage of that.It's going to allow you to copy trades of successful traders into your own account. It's like having many successful traders managing your money for you. And I said "many" because this is not about getting one specific strategy or finding the "best" trader in the world to manage your money. That doesn't exist. There's no holy grail. So it makes sense to have a diversified set of strategies or traders managing your account if you're not gonna do it yourself. Keep in mind that in this video I'm going to cover 3 steps, so it's going to be pretty basic. It's just going to give you enough to get you started. Now, if you determine that this is something that you want to use for your own account, and you want to take this to the next level and apply it to your own account and copy the trades, then I'm going to give you an advanced hands-on guide that's going to show you how to do it.
Let me start by a basic example to help you see what this is all about. Alright so let's get down to it. We're going to go ahead and analyze a system with real results to determine if it makes sense or not to follow this particular trader. And I'm going to use my own criteria to determine if it makes sense or not. Mind you that this is going to be a basic analysis. I'm gonna do a more advanced analysis on the next video, which you can actually watch and you'll get once you decide to open your account and set it up. You'll get a video that's going to show you in depth what to look at. But for now, I'm just going to give you the basics. First of all, let's just look at the results of this system and here we have how much this system has returned, 143% since it started.
You have the monthly return, 14.2%. The drawdown, 26.61%. and a lot of other information and details. It gives you the summary for today, for the week, for the month. Today is February 17th, 2015, so, so far this year, the system is up 24.26% on live accounts. It has 896 transactions and average win/average loss. As you can see, there's a vast amount of information here and we're going to get to this in the advanced video, but for now, I'll just give you the basics. What are the things I look for? What are the basic things I look for, the 3 things I look for to determine if this is a winning system or a system that you'll want to set up in your account to copy the trades or to follow based on the statistics and the risk that the system has generated since it started.
The first thing I look for is a yearly return over risk of 4 or more. That means that I want to make sure that this trader has produced at least four times the risk he has taken historically. So very easy...14.24% a month is around 160% a year and by risk I mean maximum drawdown. Maximum drawdown is 26.6%. If you divide 160% for the year by 26, you get around 6. That means that this system has generated six times the risk in return; so that passes. That's greater than 4, so so far, so good. The second thing I look for is the number of transactions the system has generated since inception, since it started, and this system has generated 896 transactions. And that looks like a lot and it is because the number I look for is 250. I wanna make sure that this strategy has at least 250 transactions, because, if it's very little transactions, the results can just be a result of luck instead of skill...and we don't want that. And the 3rd thing I look for...important...is the average win over average loss.
I wanna make sure that the average win is greater than the average loss. And in this case you'll see that 241 pips is greater than 135, so that meets that criteria. And we can get really in depth here, but if we just scroll down to the trading activity, we see that there's a lot of other information...the open transactions, those are actual trades that are opened right now. Open orders and the history, which gives you an idea of what are the instruments that this guy, this trader trades. And we see US Dollar vs Canadian Dollar, Australian vs New Zealand Dollar, Euro-Aussie, Euro-Pound and so on and so forth. So you see guys the analysis to come up with a winning system or a winning trader is a pretty advanced one. It can get pretty detailed and involved. In this video, I just wanted to touch upon the 3 basic things that I look at, which in order, are: Number 1: The yearly return over the maximum risk is 4 or more.
Number 2: I wanna have a system or a trader with at least 250 transactions since inception, or since the beginning to avoid running into luck. Number 3: The final thing is that I want the average win to be bigger than the average loss. I hope you liked this video. If you decide that the copy trade service is something that you want to take advantage and activate in your own account, I have designed a guide and a more advanced video to help you. And once you make that decision and open your live account, I will send you the guide and the video to help you select the best systems and traders. If you liked this video and found it useful, please share it with your friends. Also, I recommend that you subscribe to my day trading channel to stay up to date with any new information on day trading or any cool tools that you might be able to access in the future. Until next time, this is Dan Alvarez. Happy Trading! .
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Automated Trading Strategies vs Manual Strategies: Pros And Cons Of Automated Trading Systems 🔍
In this video we're going to look at should you focus on building an automated strategy stay tuned Hey trainees a very warm welcome to you, so Should you focus your efforts on building an automated strategy rather than a manual strategy? Let's look at the pros and cons or for and against trading automated versus trading manual some of them here But we're gonna investigate some more while we talk about it here so the obvious one is that it removes some emotion That's the big pull for a lot of people They think you know what I struggle each day to kind of pull the trigger or I'm overall oh I'm kind of you know not honoring my stop, so I'm trading too much sighs I'm not entering when I should all this kind of stuff and so the law of automation is that hey it will remove that Kind of feeling that I get into a day or when I'm about to make the trade And it will there's definitely some emotion removed there when it's about to take the trade.
It just does it There's no thinking about it. You're not seeing the screen all you're gonna. See it. You're just going to be alerted We're going to come back and you see you've got a position however You've still got a program in all the parameters So you still have this big learning curve to go through so you got to work out how you're gonna program it We've gotta hire a programmer you want to verbalize what you're talking about but more importantly We're going to put it in in kind of parallel with this emotion removing you still have some emotion with the system Because you still have to say to yourself. Hey. I only want to risk X um What do you do when I have X amount of losing trades in a row do I pull the system? I'm going to jump to here now.
Do I overrule the system and say I don't have another losing training run I'm going to execute a trade or Do I cut the system and say hey you know? What these are the rules it shouldn't have more than this in a row or do I have to sit through? The drawdown of the system, so there's still emotion involved in it it doesn't pull a motion away from it There's a bit of a fallacy with trading a system.
You've still got that and in fact Let's be honest if you're in a position size that was entered by a system There's no different to that looking at an or screen at the end of the day if it's a systemized automated approach Or it was a manual approach. You're still in it Regardless the only difference now is you have an automated Exit point that you know this system will take you out of but you know the rules of that You know what it is that could be less use very very simply speaking a moving average crossover I would hope that the automated strategy is is more Complex than that still keeping things simple, but with a few more parameters in but let's use that for example You know that it's going to come out there, so you're really right very very very nicely on the trade You know that the system is going to take you out there But then it's no different psychologically to being up and thinking I was going to pull me out And I don't want to become out on we'll come out early you're still going to get the feeling if I want to cut it Early don't want to trim it.
I don't want to trade it you know you're still going to be feeling the ups and downs of the move and the trade whether Automated or not unless of course you're strict enough to not even look at what's going on early to only be alerted if things go disastrously wrong Which again? You've got to code something in but it's human nature guys human nature for still want to see how our money's doing especially it was A meaningful amount of money same with trade you've got a very small amount of money in there almost a downsize We don't care. We let it move back and forth we're not trading it with any thought or Or energy however, you know when we start trading big size We're watching you like a hawk because it's very meaningful to us So it's the same kind of thing so what it doesn't remove some emotion and maybe it's some way of reducing some things It doesn't reduce it completely just just going off on a tangent very very quickly we can still add Automated orders without a strategy so we can still put in limits and stop entries to remove this if we want to that's just something To think about this hybrid approach of being alerted to trades placing the orders in making the decision still manually But putting those orders in and then walking away from the screen so we can all sue that all right another thing another good reason For having an automated strategy is good data in other words we are going to have good data on the results of the strategy because in fact leads to a very very similar Got segmented strategies and good data what I mean by that You know we are trading one specific strategy per system if you like automated strategy pullback trend trading mean reversion fading levels two distinct strategies We know exactly the rules of the system exactly rules of the strategy And see how it's performed so we can be very objective in the way that we're analyzing The results that are coming out we can see hey the trend trading is working very very well Let me allocate more capital to that rather than a lot of people manually Even though we try and segment often and journaling and do all that stuff it relies on us to being Again very objective in the way that we are you know analyzing and Summarizing the results which often we're not so that that's a good really good point because we get good data based on a specific strategy And we can also see hey quite easily if we made a small little tweak to it How would it have affected the strategy results in the past week two weeks two months two years? Whatever it may be so that's very nice as well.
So that's a good reason to do it another good reason is It requires you to really identify your strategy many of us trade a little bit too much from the guts You know we have a broad strategy, but with an automated system We have to actually very very clear to find when is that order going in we can't just say oh? I think it's gonna be isn't that now maybe that could be a positive and a negative Maybe using some of our intuition is what's mean as a good trader definitely an argument for that case But also you know the positive side of this is really nailing down exactly What I need to see one of my favorite set up before I want to take the trade and even going down the path of Automating and then say you know what it's helped me loads because I've ironed out exactly what I want to see and now sticking with manual to allow that little bit of gut a little bit of gut feel so to still be there so that's That's something.
That's that's quite important I think we've talked about the segment strategies as a good way of collating data So against why should you not do it obviously the one where I'm really put here is that you know you? You're taking away the gut feel as a trader, and it's something that you know We've done a video about before but how do you quantify it? We we get experience as Human and intuition plays a good part in it as we get experienced and by kind of having an automated strategy do we remove that? Completely we kind of do in a way, but can we program it in maybe we can but it's something to be aware of Against the safety parameters of course we have to make sure for using an automated system that we're not checking that there are really strict safety parameters in what we don't want and I've heard this story before is a System that just blows up one guy built this algo And it lets you when buy sell buy sell buy sell buy sell buy so all However long it took him to lose all his money in commission and spread That's his heart breaking because he went real money wasn't it wasn't strictly Checking it didn't have any safety parameters any lockdown so if you're gonna do it You kind of have to do this whereas? We're doing it by eyeball.
We're gonna see hey You know what we're in too much of a position here the size has gone too much We didn't enter the ticket was the wrong size went by instead of cell. We've got too many positions We're gonna feel that discomfort and be alerted to it. So that's just one thing to remember We also still require risk analysis. We can't just say Okay, you know what I'm gonna leave it. It's gonna be fine We need to dig down and say how much of these trades are going to take before we come out? You know we still have to Think about what might happen and put the risk analysis in which is one of the hardest parts of trading It's kind of trading for a meaningful size But still having that risk tolerance is acceptable so that's something that we can't ignore completely understaffed and nailed down There is still a discipline issue there gotta stick to the system, and these are kind of really two the same We touched on this a little bit earlier overall or cutting it you have to know when the system is just drawing down And you're not gonna front run it and kind of ignore it and not take some and take the other if you start to do That there's no point in trading a system because generally There's gonna be a handful of trades that make the most of the money And if you're not trading it methodically hey You're gonna ruin the point of having good data because you didn't take that agustin fancier or whatever it may be and be you might Miss miss out on the really good trades that actually make up the bulk of the system's profitability So you still have discipline to execute it as you said you were going to do it and say hey I'm gonna risk this amount of money.
I'm going to trade it for this amount period of time I'm gonna stick to it I'm gonna see what happens so They'll go guys. Should you focus on doing an automated strategy some ideas for some ideas against? let me know your thoughts in the comment section below about Automating is it a route You've gone down any success with it any pitfalls you want to share Interested to hear what you guys have got to say good trading see the next one thumbs I feel like it's kind of stuff.
See you again. See you soon. Bye. Bye You .
automated trading strategies vs manual strategies, automated trading strategies, manual strategies, algorithmic trading system, trading system, automated trading system, algo trading system, discretionary trading, system trading, automated trading, manual trading, trade management
It just does it There's no thinking about it. You're not seeing the screen all you're gonna. See it. You're just going to be alerted We're going to come back and you see you've got a position however You've still got a program in all the parameters So you still have this big learning curve to go through so you got to work out how you're gonna program it We've gotta hire a programmer you want to verbalize what you're talking about but more importantly We're going to put it in in kind of parallel with this emotion removing you still have some emotion with the system Because you still have to say to yourself. Hey. I only want to risk X um What do you do when I have X amount of losing trades in a row do I pull the system? I'm going to jump to here now.
Do I overrule the system and say I don't have another losing training run I'm going to execute a trade or Do I cut the system and say hey you know? What these are the rules it shouldn't have more than this in a row or do I have to sit through? The drawdown of the system, so there's still emotion involved in it it doesn't pull a motion away from it There's a bit of a fallacy with trading a system.
You've still got that and in fact Let's be honest if you're in a position size that was entered by a system There's no different to that looking at an or screen at the end of the day if it's a systemized automated approach Or it was a manual approach. You're still in it Regardless the only difference now is you have an automated Exit point that you know this system will take you out of but you know the rules of that You know what it is that could be less use very very simply speaking a moving average crossover I would hope that the automated strategy is is more Complex than that still keeping things simple, but with a few more parameters in but let's use that for example You know that it's going to come out there, so you're really right very very very nicely on the trade You know that the system is going to take you out there But then it's no different psychologically to being up and thinking I was going to pull me out And I don't want to become out on we'll come out early you're still going to get the feeling if I want to cut it Early don't want to trim it.
I don't want to trade it you know you're still going to be feeling the ups and downs of the move and the trade whether Automated or not unless of course you're strict enough to not even look at what's going on early to only be alerted if things go disastrously wrong Which again? You've got to code something in but it's human nature guys human nature for still want to see how our money's doing especially it was A meaningful amount of money same with trade you've got a very small amount of money in there almost a downsize We don't care. We let it move back and forth we're not trading it with any thought or Or energy however, you know when we start trading big size We're watching you like a hawk because it's very meaningful to us So it's the same kind of thing so what it doesn't remove some emotion and maybe it's some way of reducing some things It doesn't reduce it completely just just going off on a tangent very very quickly we can still add Automated orders without a strategy so we can still put in limits and stop entries to remove this if we want to that's just something To think about this hybrid approach of being alerted to trades placing the orders in making the decision still manually But putting those orders in and then walking away from the screen so we can all sue that all right another thing another good reason For having an automated strategy is good data in other words we are going to have good data on the results of the strategy because in fact leads to a very very similar Got segmented strategies and good data what I mean by that You know we are trading one specific strategy per system if you like automated strategy pullback trend trading mean reversion fading levels two distinct strategies We know exactly the rules of the system exactly rules of the strategy And see how it's performed so we can be very objective in the way that we're analyzing The results that are coming out we can see hey the trend trading is working very very well Let me allocate more capital to that rather than a lot of people manually Even though we try and segment often and journaling and do all that stuff it relies on us to being Again very objective in the way that we are you know analyzing and Summarizing the results which often we're not so that that's a good really good point because we get good data based on a specific strategy And we can also see hey quite easily if we made a small little tweak to it How would it have affected the strategy results in the past week two weeks two months two years? Whatever it may be so that's very nice as well.
So that's a good reason to do it another good reason is It requires you to really identify your strategy many of us trade a little bit too much from the guts You know we have a broad strategy, but with an automated system We have to actually very very clear to find when is that order going in we can't just say oh? I think it's gonna be isn't that now maybe that could be a positive and a negative Maybe using some of our intuition is what's mean as a good trader definitely an argument for that case But also you know the positive side of this is really nailing down exactly What I need to see one of my favorite set up before I want to take the trade and even going down the path of Automating and then say you know what it's helped me loads because I've ironed out exactly what I want to see and now sticking with manual to allow that little bit of gut a little bit of gut feel so to still be there so that's That's something.
That's that's quite important I think we've talked about the segment strategies as a good way of collating data So against why should you not do it obviously the one where I'm really put here is that you know you? You're taking away the gut feel as a trader, and it's something that you know We've done a video about before but how do you quantify it? We we get experience as Human and intuition plays a good part in it as we get experienced and by kind of having an automated strategy do we remove that? Completely we kind of do in a way, but can we program it in maybe we can but it's something to be aware of Against the safety parameters of course we have to make sure for using an automated system that we're not checking that there are really strict safety parameters in what we don't want and I've heard this story before is a System that just blows up one guy built this algo And it lets you when buy sell buy sell buy sell buy sell buy so all However long it took him to lose all his money in commission and spread That's his heart breaking because he went real money wasn't it wasn't strictly Checking it didn't have any safety parameters any lockdown so if you're gonna do it You kind of have to do this whereas? We're doing it by eyeball.
We're gonna see hey You know what we're in too much of a position here the size has gone too much We didn't enter the ticket was the wrong size went by instead of cell. We've got too many positions We're gonna feel that discomfort and be alerted to it. So that's just one thing to remember We also still require risk analysis. We can't just say Okay, you know what I'm gonna leave it. It's gonna be fine We need to dig down and say how much of these trades are going to take before we come out? You know we still have to Think about what might happen and put the risk analysis in which is one of the hardest parts of trading It's kind of trading for a meaningful size But still having that risk tolerance is acceptable so that's something that we can't ignore completely understaffed and nailed down There is still a discipline issue there gotta stick to the system, and these are kind of really two the same We touched on this a little bit earlier overall or cutting it you have to know when the system is just drawing down And you're not gonna front run it and kind of ignore it and not take some and take the other if you start to do That there's no point in trading a system because generally There's gonna be a handful of trades that make the most of the money And if you're not trading it methodically hey You're gonna ruin the point of having good data because you didn't take that agustin fancier or whatever it may be and be you might Miss miss out on the really good trades that actually make up the bulk of the system's profitability So you still have discipline to execute it as you said you were going to do it and say hey I'm gonna risk this amount of money.
I'm going to trade it for this amount period of time I'm gonna stick to it I'm gonna see what happens so They'll go guys. Should you focus on doing an automated strategy some ideas for some ideas against? let me know your thoughts in the comment section below about Automating is it a route You've gone down any success with it any pitfalls you want to share Interested to hear what you guys have got to say good trading see the next one thumbs I feel like it's kind of stuff.
See you again. See you soon. Bye. Bye You .
automated trading strategies vs manual strategies, automated trading strategies, manual strategies, algorithmic trading system, trading system, automated trading system, algo trading system, discretionary trading, system trading, automated trading, manual trading, trade management
Forex Robots Make More Money!? We Compare Automated Trading and Manual Trading!
Forex Robots Make More Money!? We Compare Automated Trading and Manual Trading!
What makes more money, manual trading or automated trading? Okay, so which method is more profitable, manual or automated trading? Now look, this question comes up a lot, and I want to share my opinion on it, as I know that it is, indeed, a very hot topic. Firstly, let's take a step back and analyze both methods from a top-down perspective. So by definition, Manual or discretionary trading means to place, manage, and close a trade with human intervention. Simply put, that means you're sitting at your computer or on your mobile, opening and closing your trade by the click of a mouse. Everything from why, when, and how much you trade is solely down to your discretion. Now, it's also important to note here that the rules you live by as a manual trader should be mechanical. Now, that's not to confuse the definition, but what I mean by this is that you're basing your trades on... back-tested strategies. That's to say, you're scanning and methodically executing your trades... just as you've tested in your back-testing. Else if you don't well, then you don't have a strategy.
Now, on the other hand, you have the automated trading. Now, you may also hear this referred to as algo trading or trading... ...with a robot. Now, in our world, this is done commonly with Metatrader4 or Metatrader5, and it's known or often referred to as an Expert Advisor. So, an expert advisor is a program that allows you to execute your... ...programming logic or your training strategy that trades for you. Now, what this means is that you're trading with the help of a computer. Which makes the decisions on your behalf based on the programming logic that you've programmed in. Now, algorithm by definition means a process or set of rules to be followed in calculation or other programming solving operations, especially by a computer Think of this as, though, you're telling the computer what you would do manually, but in code.
But there lied the additional challenge-coding. Now, you can outsource for programmers to write up the logic for you, but there are risks for that. How do you really know its accuracy? How do you know it's doing what you expect and that there aren't any bugs? I mean, you can back test the logic to see the performance, but what if you're looking for something to just flag signals that you then trade manually? How do you know if it's doing what you think it should be, every single time when you have no back-tested data.
Now, on the other hand, you can set yourself the challenge by learning how to program and write some code yourself. Although, I can tell you that is not a small feat by itself. Learning how to trade, folks, consistently profitable, is like learning a degree. Programming what you've learned manually to code is like learning two degrees. So, it goes without saying that, learning and then programming a strategy in the forex market is.. ...definitely a lot longer path, if you're doing this with no prior knowledge. But the question you really want to know, is which method is more profitable? Well, certainly there are advantages and disadvantages to both methods. But I think it's pretty accurate to say that the hardest challenge that many manual traders... find when starting off, is the psychology behind it all. You know, it's the inability to keep rational, and calm in losing periods, as well as the profitable periods. The traders are often unable to follow simple set of rules. Which ultimately, leads to the destruction of many trading accounts. Now, in this case, automation may be the preferred option.
But then again, think about this, if you are unable to follow your own rules using manual trading, is it going to be any different when trading with a robot? Are you going to start doubting the robot when it starts losing money? Are you going to tweak it because you go into drawdown. Now, the other thing you need to think about is this, market conditions are constantly shifting. Change in world events are often unpredictable. And a robot simply isn't able to react as well as a human can in these circumstances. Also consider this, trading manually can be time consuming. Not only in your back testing, but also in live trading and many traders when they start off their trading journey, still have day jobs. So are unable to spend countless hours at the screens, and remember learning to trade and trading does indeed, require... ...screen time. Look, the short answer is this, there's no real difference to your bottom line, with your trading automated or with your training manual.
But it's more in how you execute your trading plan and the logic behind your trading plan. Think of this, if your trading plan or strategy is flawed in the first place, then it really doesn't matter if you're trading manually or... ...with the use of a robot. And if your training logic or strategy is based on martingale or good system, then again, when you trade this manually or... ...algorithmically, then you're poised to blow up the trading account. And as for purchasing an expert advisor or robot, well, I can talk about that until I'm blew in the face on the topic.
But in short, all I ask you to think about is this... Why is the user selling their expert advisor for a few hundred dollars if it can supposedly make money from the market? Now, in this day and age a lot of retail traders, and I think it will continue going this way into the future, are trading using a hybrid of both routes. For example, you might have an expert advisor which again is on metatrader4 scanning for a specific price action setup. Which then notifies you when one is found. You can then place and manage the trade manually from there on in. Now plenty of traders use automation in this regard to be more efficient. And it also it lowers the chances of missing trades,as well.
Which can be very detrimental, considering, it may be that one trade that you miss that turned out to be the huge winner. Now, this is something that our team are working on constantly behind the scenes. Now as traders, we're constantly researching the markets; looking for recurring inefficiencies in price to exploit for our long term goals. It's what gives us an edge over the rest within the industry. And in doing so, we found ways to lower human error and improve ad... ...trading efficiency. We do this by developing specific expert advisors that scan the markets, finding trade, foster trade manually. It's a critical part of our processes in some of the strategies that we deploy.
To give you specific examples, we currently have two major expert advisors. They're for breakout and... ...reversal patterns. Also, about two at least a third expert advisor that look for long-term trend setups. And we've coined this "trend surfing", trend surfing expert advisor. And the back testing on this so far, is looking very promising, indeed, with some... ...fantastic results Look, I hope you enjoyed the video. I hope you found it useful! Give me a thumbs up if you, did give me a thumbs down if you didn't'. Leave a comment as well, below. If you haven't... ...already subscribed to the channel make sure you do so and follow me on Instagram, as well. Either way, I look forward to talking to you in the next video, so good luck with your trading!
forex, Forex, Forex Robots, Money, Automated Trading, Trading, Forex Trading, Manual Trading, Day Trading, market trading, profitable trading, trading forex, algo trading, algorithmic trading, forex robots, forex algo, forex coding, forex programming, programming, financial markets, forex robot trading, forex robot, robot trading
What makes more money, manual trading or automated trading? Okay, so which method is more profitable, manual or automated trading? Now look, this question comes up a lot, and I want to share my opinion on it, as I know that it is, indeed, a very hot topic. Firstly, let's take a step back and analyze both methods from a top-down perspective. So by definition, Manual or discretionary trading means to place, manage, and close a trade with human intervention. Simply put, that means you're sitting at your computer or on your mobile, opening and closing your trade by the click of a mouse. Everything from why, when, and how much you trade is solely down to your discretion. Now, it's also important to note here that the rules you live by as a manual trader should be mechanical. Now, that's not to confuse the definition, but what I mean by this is that you're basing your trades on... back-tested strategies. That's to say, you're scanning and methodically executing your trades... just as you've tested in your back-testing. Else if you don't well, then you don't have a strategy.Now, on the other hand, you have the automated trading. Now, you may also hear this referred to as algo trading or trading... ...with a robot. Now, in our world, this is done commonly with Metatrader4 or Metatrader5, and it's known or often referred to as an Expert Advisor. So, an expert advisor is a program that allows you to execute your... ...programming logic or your training strategy that trades for you. Now, what this means is that you're trading with the help of a computer. Which makes the decisions on your behalf based on the programming logic that you've programmed in. Now, algorithm by definition means a process or set of rules to be followed in calculation or other programming solving operations, especially by a computer Think of this as, though, you're telling the computer what you would do manually, but in code.
But there lied the additional challenge-coding. Now, you can outsource for programmers to write up the logic for you, but there are risks for that. How do you really know its accuracy? How do you know it's doing what you expect and that there aren't any bugs? I mean, you can back test the logic to see the performance, but what if you're looking for something to just flag signals that you then trade manually? How do you know if it's doing what you think it should be, every single time when you have no back-tested data.
Now, on the other hand, you can set yourself the challenge by learning how to program and write some code yourself. Although, I can tell you that is not a small feat by itself. Learning how to trade, folks, consistently profitable, is like learning a degree. Programming what you've learned manually to code is like learning two degrees. So, it goes without saying that, learning and then programming a strategy in the forex market is.. ...definitely a lot longer path, if you're doing this with no prior knowledge. But the question you really want to know, is which method is more profitable? Well, certainly there are advantages and disadvantages to both methods. But I think it's pretty accurate to say that the hardest challenge that many manual traders... find when starting off, is the psychology behind it all. You know, it's the inability to keep rational, and calm in losing periods, as well as the profitable periods. The traders are often unable to follow simple set of rules. Which ultimately, leads to the destruction of many trading accounts. Now, in this case, automation may be the preferred option.
But then again, think about this, if you are unable to follow your own rules using manual trading, is it going to be any different when trading with a robot? Are you going to start doubting the robot when it starts losing money? Are you going to tweak it because you go into drawdown. Now, the other thing you need to think about is this, market conditions are constantly shifting. Change in world events are often unpredictable. And a robot simply isn't able to react as well as a human can in these circumstances. Also consider this, trading manually can be time consuming. Not only in your back testing, but also in live trading and many traders when they start off their trading journey, still have day jobs. So are unable to spend countless hours at the screens, and remember learning to trade and trading does indeed, require... ...screen time. Look, the short answer is this, there's no real difference to your bottom line, with your trading automated or with your training manual.
But it's more in how you execute your trading plan and the logic behind your trading plan. Think of this, if your trading plan or strategy is flawed in the first place, then it really doesn't matter if you're trading manually or... ...with the use of a robot. And if your training logic or strategy is based on martingale or good system, then again, when you trade this manually or... ...algorithmically, then you're poised to blow up the trading account. And as for purchasing an expert advisor or robot, well, I can talk about that until I'm blew in the face on the topic.
But in short, all I ask you to think about is this... Why is the user selling their expert advisor for a few hundred dollars if it can supposedly make money from the market? Now, in this day and age a lot of retail traders, and I think it will continue going this way into the future, are trading using a hybrid of both routes. For example, you might have an expert advisor which again is on metatrader4 scanning for a specific price action setup. Which then notifies you when one is found. You can then place and manage the trade manually from there on in. Now plenty of traders use automation in this regard to be more efficient. And it also it lowers the chances of missing trades,as well.
Which can be very detrimental, considering, it may be that one trade that you miss that turned out to be the huge winner. Now, this is something that our team are working on constantly behind the scenes. Now as traders, we're constantly researching the markets; looking for recurring inefficiencies in price to exploit for our long term goals. It's what gives us an edge over the rest within the industry. And in doing so, we found ways to lower human error and improve ad... ...trading efficiency. We do this by developing specific expert advisors that scan the markets, finding trade, foster trade manually. It's a critical part of our processes in some of the strategies that we deploy.
To give you specific examples, we currently have two major expert advisors. They're for breakout and... ...reversal patterns. Also, about two at least a third expert advisor that look for long-term trend setups. And we've coined this "trend surfing", trend surfing expert advisor. And the back testing on this so far, is looking very promising, indeed, with some... ...fantastic results Look, I hope you enjoyed the video. I hope you found it useful! Give me a thumbs up if you, did give me a thumbs down if you didn't'. Leave a comment as well, below. If you haven't... ...already subscribed to the channel make sure you do so and follow me on Instagram, as well. Either way, I look forward to talking to you in the next video, so good luck with your trading!
forex, Forex, Forex Robots, Money, Automated Trading, Trading, Forex Trading, Manual Trading, Day Trading, market trading, profitable trading, trading forex, algo trading, algorithmic trading, forex robots, forex algo, forex coding, forex programming, programming, financial markets, forex robot trading, forex robot, robot trading
segunda-feira, 5 de novembro de 2018
Forex Success Story
Forex Success Story
Haifa treatise Forex Success Story Forex Success Story Forex Success Story Forex Success Story was Easter 2012 I'd like to welcome you to my Forex will Forex Success Story Forex Success Story Forex Success Story with love you Rick of I'm I V Kings Forex Success Story Forex Success Story Forex Success Story Forex Success Story along with my wife Pam in 03 talks Hugo Harry into the Forex Success Story Forex Success Story Forex Success Story enforces leader happy in simple life lived in Europe companion Wales which is part of the UK shoes came across Forex Success Story forex currency trading in 2009 unlike the majority of new beat redistricted Forex Success Story Forex Success Story from system to system looking for the ultimate answer Forex Success Story Forex Success Story while reading the book plate reader Forex Success Story Forex Success Story holbrooke's he said many traders wonder how long it will take them Forex Success Story Forex Success Story to be successful and willing to lose money for some period of time even if you use Forex Success Story Forex Success Story Forex Success Story who's the took missed brooks 10 years to become successful Forex Success Story now in a month's time should be 62 years old Forex Success Story Forex Success Story so she was going to take me into the seven used to be successful Forex Success Story Forex Success Story I felt I needed mentoring to speed up process so Forex Success Story throughout my life I have benefited from working relationship with the mental whether it was in business and leisure so I decided to look for suitable mentors in forex you could teach me what forex is all about and trade if possible in tandem with them there is a saying you have to be kissed by a lot of rocks before you find your prince well this really does applying for external to define two princes I turned myself lucky and today I want to talk to one of them and his latest program now will be released shortly his name is vladimir really costs known to all these trading community is blood I'm to financial spread bet account here in the UK in March 2011 and that company offered the following if I signed up today I would get $310 cash dark which meant if I was in profit after eight weeks you give me up to $310 cash back against realized losses Forex Success Story qualified to take up now offer up Forex Success Story Forex Success Story after eat weeks losses and then Forex Success Story Forex Success Story into my life Kings like I was so fortunate to join bloods Forex Success Story Forex Success Story 4x mention signal service to detect said June 2011 Forex Success Story in my opinion his honesty is unrivaled on a better mentally would not get by the last week of September 2011 my candid groom boys 336 send and by the 12 October my account Forex Success Story show growth 533 percent amongst things I've done as a result back entrance is to contribute funds to enable us to pay off the house mortgage we've also spoil themselves by going into the holes Forex Success Story China to horse transporter and this is all being done and you to flat because his efforts Forex Success Story people like you I'm me can realize their dreams Forex Success Story and independence well I told by the room I accountancy sponse so vast was like quote I'd recommend to take a lower risks once your account is big enough and have that last statement in flight was to come back to haunt me if we fast forwarded Chenery this you when due to lack of discipline myself in fifty courage to my account when I overexposed it on a trade in the heart heart less when I talk about the error in my ways he said please don't pay for not less Nekane I need wished I'd talk to him during actually to see if he could help so you was just myself don't I'm Forex Success Story Forex Success Story and get back to build a new account again when I have been Forex Success Story I shall return she fortunately Forex Success Story Forex Success Story I have possessions I never had before and nobody can take those away thanks to flat in forex as it today mike candys back on track with a with his help June you can't group last year was mainly tree in the strategy Forex Success Story lines thats procedure allows you to put the trade on on walk away given tree chance to develop this suit in my circumstances than no let's get down to the nuts and bolts why you chose to watch this video police come and join me in my engine Norma treatment plant merlots me to to love screamo cheap Forex Success Story Forex Success Story so it was great surp Forex Success Story rise and pleasure the invite three weeks ago last year for which 160 this from okk trading community to test out a program that he and his team have created it's cold and iced tea to saloon simulate trade he creates a signal using divergence mechanical problem I'm isn't you date for you after watching the video which the 150 cada explaining the dues and don'ts what to look for long home to actually tree pist of women attesting so how do we get on really is why everybody watching this video would like to know we're cutting to the chase was the first move be to test it and unity products on didn't quite know what to expect when times very intense the commitment was must be 100 percent because at the end of the day there's a lot at stake the currency pair I initially back tested was the Aussie dollar abuses dollop the back test was for the three-month period the back testing even for me was dead easy because in his pack each is a simulator that to the team created and its excellent so from my point of view what I thought was going to be a challenge to know to be a walk in the park back testing with the ozzie this is a dollar proved very successful in the five minute and fifteen minute time frames which through the time frames that logs allocated to test in addition to that are also tested the pace during the course of the last three weeks and all love them I've tested been in profit about Stephen feeding fun shooting this puppy as and when required on the latest version we don't know did last weekend through the improvements so I decided to actually stop treating on MyLife account as I felt that to the I felt so confident with the package what fuels that confidence is when you see a profit come from cement to a flower in full bloom and that's exactly what I last used in for me anyway so all I was able to screen watch last Wednesday much was the 4th April 2012 I have for you signal its but qualified into flights rules and you'll get at all people the pooches this program will be getting a PDF I'm video explaining everything you need to do moon using this program I'm so those treats whose five traits they were taken between mid day and 3 o'clock in the afternoon %uh the signals came along after via but I felt that really to do the test justice I really concentrated on these five traits that I activated as I say all the trees from the 15 minute time frame my decided that whole open treats will be closed but the and day's business on with the UK which use 2200 owes and whether the Wu and when heated the target war stop-loss so the pay a smoothie cuts we see my close-up 10 to the end of the day break-even ya Zeen up close that take profits after 45 minutes to 33 pic profit dollars Missy close though to the end of the day with the within eight keep loss the Swiss Ian that close take profit after 13 cool rose 136 bpm on the you know yen on close this window you the day with 18p profit and yes to the beach since the 5th April I was only able to stream watch mid-afternoon I'm sure you one signal that who knows when I felt no I just really wanted to focus on that particular after the previous the success and I'm time allocation for me so focusing on a to see and fifteen-minute time for impair my clothes on money we have to 10 22 pic profit so what to do is life treating gave me four wins won't break even and one loss with overall net gain over 101 pips so really you can take it from there I'm know when I'm taking with taking taken from this package with results like that okay on expected losses but with method the liked each issue with this package losses movie very very minimal from put from the pic can point to view so in closing when this program becomes available my advice would be seriously consider investment if you not lines mentions service I'm Forex signal service then I would strongly advise that you take the website or arms you miss you know big-time on raising your game forex currency market this won't last thing I want to consume this is in open testable testimony of it's an open testimony no do not make any commercial came from doing this I welcome anybody who watches this video to contact me for my niece going to dress which used to be kings moments to you by: K I E Angie yes work to discuss my findings I'm if you want to ask me questions bone well discussed in this video on more than welcome to my heart go to you I'm and explain my highs and lows which office you few and hopefully it will help you to make up your mind to come and join us in lights treating community I appreciate your time for joining us I'm all those Kings is see thank you very much TK pop Forex Success Story
Forex trading, Forex success, how to make money in forex, make money forex trading, forex trading, free forex signal, forex video, online forex trading, forex trading strategy, forex market, forex online, forex, forex money exchange, forex rates, day trading
Haifa treatise Forex Success Story Forex Success Story Forex Success Story Forex Success Story was Easter 2012 I'd like to welcome you to my Forex will Forex Success Story Forex Success Story Forex Success Story with love you Rick of I'm I V Kings Forex Success Story Forex Success Story Forex Success Story Forex Success Story along with my wife Pam in 03 talks Hugo Harry into the Forex Success Story Forex Success Story Forex Success Story enforces leader happy in simple life lived in Europe companion Wales which is part of the UK shoes came across Forex Success Story forex currency trading in 2009 unlike the majority of new beat redistricted Forex Success Story Forex Success Story from system to system looking for the ultimate answer Forex Success Story Forex Success Story while reading the book plate reader Forex Success Story Forex Success Story holbrooke's he said many traders wonder how long it will take them Forex Success Story Forex Success Story to be successful and willing to lose money for some period of time even if you use Forex Success Story Forex Success Story Forex Success Story who's the took missed brooks 10 years to become successful Forex Success Story now in a month's time should be 62 years old Forex Success Story Forex Success Story so she was going to take me into the seven used to be successful Forex Success Story Forex Success Story I felt I needed mentoring to speed up process so Forex Success Story throughout my life I have benefited from working relationship with the mental whether it was in business and leisure so I decided to look for suitable mentors in forex you could teach me what forex is all about and trade if possible in tandem with them there is a saying you have to be kissed by a lot of rocks before you find your prince well this really does applying for external to define two princes I turned myself lucky and today I want to talk to one of them and his latest program now will be released shortly his name is vladimir really costs known to all these trading community is blood I'm to financial spread bet account here in the UK in March 2011 and that company offered the following if I signed up today I would get $310 cash dark which meant if I was in profit after eight weeks you give me up to $310 cash back against realized losses Forex Success Story qualified to take up now offer up Forex Success Story Forex Success Story after eat weeks losses and then Forex Success Story Forex Success Story into my life Kings like I was so fortunate to join bloods Forex Success Story Forex Success Story 4x mention signal service to detect said June 2011 Forex Success Story in my opinion his honesty is unrivaled on a better mentally would not get by the last week of September 2011 my candid groom boys 336 send and by the 12 October my account Forex Success Story show growth 533 percent amongst things I've done as a result back entrance is to contribute funds to enable us to pay off the house mortgage we've also spoil themselves by going into the holes Forex Success Story China to horse transporter and this is all being done and you to flat because his efforts Forex Success Story people like you I'm me can realize their dreams Forex Success Story and independence well I told by the room I accountancy sponse so vast was like quote I'd recommend to take a lower risks once your account is big enough and have that last statement in flight was to come back to haunt me if we fast forwarded Chenery this you when due to lack of discipline myself in fifty courage to my account when I overexposed it on a trade in the heart heart less when I talk about the error in my ways he said please don't pay for not less Nekane I need wished I'd talk to him during actually to see if he could help so you was just myself don't I'm Forex Success Story Forex Success Story and get back to build a new account again when I have been Forex Success Story I shall return she fortunately Forex Success Story Forex Success Story I have possessions I never had before and nobody can take those away thanks to flat in forex as it today mike candys back on track with a with his help June you can't group last year was mainly tree in the strategy Forex Success Story lines thats procedure allows you to put the trade on on walk away given tree chance to develop this suit in my circumstances than no let's get down to the nuts and bolts why you chose to watch this video police come and join me in my engine Norma treatment plant merlots me to to love screamo cheap Forex Success Story Forex Success Story so it was great surp Forex Success Story rise and pleasure the invite three weeks ago last year for which 160 this from okk trading community to test out a program that he and his team have created it's cold and iced tea to saloon simulate trade he creates a signal using divergence mechanical problem I'm isn't you date for you after watching the video which the 150 cada explaining the dues and don'ts what to look for long home to actually tree pist of women attesting so how do we get on really is why everybody watching this video would like to know we're cutting to the chase was the first move be to test it and unity products on didn't quite know what to expect when times very intense the commitment was must be 100 percent because at the end of the day there's a lot at stake the currency pair I initially back tested was the Aussie dollar abuses dollop the back test was for the three-month period the back testing even for me was dead easy because in his pack each is a simulator that to the team created and its excellent so from my point of view what I thought was going to be a challenge to know to be a walk in the park back testing with the ozzie this is a dollar proved very successful in the five minute and fifteen minute time frames which through the time frames that logs allocated to test in addition to that are also tested the pace during the course of the last three weeks and all love them I've tested been in profit about Stephen feeding fun shooting this puppy as and when required on the latest version we don't know did last weekend through the improvements so I decided to actually stop treating on MyLife account as I felt that to the I felt so confident with the package what fuels that confidence is when you see a profit come from cement to a flower in full bloom and that's exactly what I last used in for me anyway so all I was able to screen watch last Wednesday much was the 4th April 2012 I have for you signal its but qualified into flights rules and you'll get at all people the pooches this program will be getting a PDF I'm video explaining everything you need to do moon using this program I'm so those treats whose five traits they were taken between mid day and 3 o'clock in the afternoon %uh the signals came along after via but I felt that really to do the test justice I really concentrated on these five traits that I activated as I say all the trees from the 15 minute time frame my decided that whole open treats will be closed but the and day's business on with the UK which use 2200 owes and whether the Wu and when heated the target war stop-loss so the pay a smoothie cuts we see my close-up 10 to the end of the day break-even ya Zeen up close that take profits after 45 minutes to 33 pic profit dollars Missy close though to the end of the day with the within eight keep loss the Swiss Ian that close take profit after 13 cool rose 136 bpm on the you know yen on close this window you the day with 18p profit and yes to the beach since the 5th April I was only able to stream watch mid-afternoon I'm sure you one signal that who knows when I felt no I just really wanted to focus on that particular after the previous the success and I'm time allocation for me so focusing on a to see and fifteen-minute time for impair my clothes on money we have to 10 22 pic profit so what to do is life treating gave me four wins won't break even and one loss with overall net gain over 101 pips so really you can take it from there I'm know when I'm taking with taking taken from this package with results like that okay on expected losses but with method the liked each issue with this package losses movie very very minimal from put from the pic can point to view so in closing when this program becomes available my advice would be seriously consider investment if you not lines mentions service I'm Forex signal service then I would strongly advise that you take the website or arms you miss you know big-time on raising your game forex currency market this won't last thing I want to consume this is in open testable testimony of it's an open testimony no do not make any commercial came from doing this I welcome anybody who watches this video to contact me for my niece going to dress which used to be kings moments to you by: K I E Angie yes work to discuss my findings I'm if you want to ask me questions bone well discussed in this video on more than welcome to my heart go to you I'm and explain my highs and lows which office you few and hopefully it will help you to make up your mind to come and join us in lights treating community I appreciate your time for joining us I'm all those Kings is see thank you very much TK pop Forex Success StoryForex trading, Forex success, how to make money in forex, make money forex trading, forex trading, free forex signal, forex video, online forex trading, forex trading strategy, forex market, forex online, forex, forex money exchange, forex rates, day trading
My Trading Setup For Forex & Indices
My Trading Setup For Forex & Indices
Hi Traders, I'm Luke from disciplined trader. In this video I want to run you through my trading setup and give you some advice on how to build your own. I don't have the fanciest setup in the world but I'll let you know the things I'm glad I did as well as the things I wish I'd done or not done when putting this setup together. So lets start with the chair, this is a Steelcase Lets B Task chair, it's a solid chair with adjustable height and arm supports. I haven't owned many desk chairs but I can really recommend Steelcase as a brand, I've had this chair a few years now and it's still going well. You may notice as well I have a memory foam cushion on the chair, this is just because it helps me stay comfortable for long periods of time. This again was a good purchase and can be picked up from amazon for around £20.
Staying of the theme of comfort, I also have a memory foam foot cushion which acts pretty much as a foot rest. Again this helps keep me in a supported and comfortable position whilst I'm at my desk. This was a little more expensive than the seat cushion and can again be picked up from amazon for about £30. Over to the computer itself. I have a Hewlett Packard Prodesk 600 Tower PC. It came with an Intel Core i5 Processor, 4GB of DDR3 Ram, 500GB Hard Drive and an on-board graphics card. I picked this up a few years ago now for around £600-700. Since then I have upgraded the RAM to 8Gbs, added a 250GB Solid State Drive and installed an Nvidia GTX960 graphics card.
If you aren't computer savvy, these upgrades aren't particularly expensive or difficult to do yourself. I upgraded the Ram and hard drive purely to increase the speed and performance of the machine. I specifically choose the Nvidia GTX960 graphics card as it supports up to four monitors - which we'll look at shortly. I'd say all in all I've probably spent another £200 on computer upgrades over the time I've had the PC. I'll talk about these more at the end of the video Moving on to the desk. I picked this desk up from an office furniture shop local to where I live for about £200-£250. I went for this desk as I like a lot of room to work and also prefer desks that sit in a corner as this makes it easier to utilise all the desk.
It's definitely not much of a looker but I'd choose usability over aesthetics when it comes to a desk any day. Looking at the peripherals now, nothing too fancy here either to be honest. I have a standard Hewlett Packard keyboard, I stuck with this mainly because I like the tactile feel of the keys. I intend to buy a proper mechanical keyboard at some point but this keyboard is still working fine so why change something that isn't broken. Then I have a Logitech Proteus Spectrum G502 mouse - a mouthful I know.
I think I picked this mouse up for about '50 but it's price changes all the time. I chose this mouse because nothing infuriates me more than a mouse than doesn't work well, especially when you're trying to put a trade on! It's a wired mouse so there's no need to charge it or change batteries, it tracks well and I like to do a bit of gaming in my down time so it's obviously good for that too. Underneath these two I have an extra large mouse pad, again this is just for convenience, I find this much better than a small mouse mat and my desk is big enough to have one. I think I picked this one up for about £15. On my desk I have a phone stand for my Pixel 2, data cables coming from a USB hub under the desk and just some general stationary. I have a headphone standing supporting a pair of Audio Technica ATH-M50x headphones. These were more than I thought I'd spend on a pair of headphones coming in around £100 but they are well worth the money. I use them a lot for editing and just generally listening to music.
Highly recommended if you are in the market for a pair of headphones. Speakers wise I am using Bose Companion 2 Series 3 desktop speakers. If you just want some speakers for general use then I highly recommend these. The sound is fantastic and you just plug them in and they're good to go. I picked these up for around £70. I then have a Rode PSA-1 microphone stand holding a Blue Snowball microphone. This is the mic I use for all my live trading videos and any voice overs I do for other videos- including this one. I think it's brilliant and I picked this up for about £40-50. If you wanted to spend a little more on a mic I have heard very good things about the Blue Yeti as well although I've never tried it.
The mic stand I bought purely for convenience. It cost about £60 and there are cheaper alternatives but to be honest none of them came close to this one. It's really stable, doesn't make any creaking noises, very easy to adjust and stays exactly where you put it. Again I'm very happy with this and would definitely recommend it. For video when sat at my desk I use a Logitech C920 HD webcam. I paid around £50-60 for this a year or two ago and have been very pleased with it.
I think the video quality is very good and it even has a built-in microphone. The audio can sound a little bit tinny but it's useful to have a backup. Moving on to the main aspect of what makes this setup easily identifiable as a trading setup and that's the monitors. I'm using four Acer K22HQL 22 inch monitors. These things are not the flashiest monitors you'll ever see but they served me very well so far - especially considering I picked them up for about £75 each. I've had them for about the same time as I've had the PC, one of them needed repairing within the manufactures warranty and one developed a screen issue about a year later and I replaced it.
I seem to recall buying them from some sort of closing down sale from an online retailer, which was why I got them cheaper. The last of part the desk is the unsung hero, the monitor stand. This is the Lavolta four arm monitor mount. I picked this up from amazon for around £60 with mixed expectations. However this is a very very good piece of kit. It's extremely well built and sturdy and has built-on cable clips to make managing cables very easy. It may not be the most attractive monitor stand on the market but I'd be happy even if I'd paid double what it cost. And that's it, that's my trading setup. I didn't buy everything we've covered her in one go, it has been a working progress where I added and upgraded parts as and when I can and needed to.
But I'm assuming if you're watching this video you are thinking about building your own setup or making changes to an existing one so let me give you some advice based on my experience. Point One - don't over overboard. If all you plan on doing on your machine is trading, surfing the web, answering emails and so on then you don't need a super powerful PC. Something with a Intel core i3 processor or similar with 4-8gbs of ram and a decent sized hard drive will do just fine. If you want to only use one monitor then most on board graphics cards will deal with this no problem. However, if you want to use a multi monitor setup then you'll probably need to buy a standalone graphics card. Again don't go overboard with this either. You'll find when looking at graphics cards these things can be very expensive. All we need ours to do is provide multi monitor support and this isn't that taxing for them. Look at the older models and find one that supports the number of monitors you want to use. Then obviously use the advice we covered earlier in the video to make sure it's compatible with your other parts.
Point Two - Ask yourself, do I really need eight monitors? Or however many you are thinking of using. In truth, I probably don't need four monitors. I've become very used to having all that screen real estate but it's not a necessity. When I come to changing my setup I will probably opt for two larger monitors instead of four. Point Three - if you are going to have a multi monitor setup, take care when buying a graphics card. As I've mentioned, the card I use wasn't that expensive and there are definitely cheaper alternatives if needed. Just make sure than when choosing a graphics card you're sure of three key things, 1) it fits in your machine - so make sure your motherboard has the correct slot to support it (it's usually a PCI Express port although you can check on the specification page of the card you are looking at to make sure) and also make sure that there is physically enough room in the PC case to house the card (some of these cards can be very large!).
2) Make sure it supports the amount of monitors you want to use. Again this can be found on the specification page of the card you are looking at. And 3) Some cards need an extra power supply if they are particularly powerful, if so, make sure the power supply in your machine has the extra wattage to power not only your graphics card but the rest of the components as well. The specification pages of these cards usually not only states the power needed for the card but also recommend a minimum overall power supply for a PC using this card which can be used as a good guide. They also tell you what type of power connector the card will need so you can make sure your power supply has the correct one - adapters can be used if need. Point Four - Now we've talked about making sure the specification of your graphics card is compatible with your machine, an easy thing to overlook is make sure the outputs on your graphics card can be matched with the inputs on your monitors. For example, my graphics card has 1 HDMi output, 2 DVI D Outputs and a display port output.
My Monitors only have a DVi D and a VGA input on each. Therefore I had to buy two DVi D to DVi D cables, 1 Hdmi to DVI D cable and a display port to DVi D cable. This part can be very tricky when trying to get four monitors to work. It's much easier when using less. Point Five - if you haven't got a use for it don't buy it. I have a drawer in my home office and a box in the garage with a host of things I've bought and never used just because I thought they looked cool at the time. Save your money for things that you will use or put it towards a better PC or monitor. Point Six - if you are thinking of building a pc from scratch, use a website called pc part picker as a starting point.
It has a comprehensive list of pc parts and components and will tell you which parts are compatible with others. It can be a huge help. And the last point - remember who the setup is for. It-s easy to start buying certain things because someone else likes them or recommends them but this setup is for you so make sure the things you include suit you. For example, the first desk I bought was a very narrow rectangular desk that I bought because I thought it looked cool. It lasted about 6 months and then I had to get rid of it as I hated working on it. I bought the big bulky corner desk I have now and I love that desk. And that pretty much covers everything! You are now ready to build your own trading setup. Let me know if the comments below if you have any other questions or if you have any tips, advice or trading setup stories, I'd love to hear them.
I hope you've found the information in this video useful, if you have please consider leaving a like on the video, it helps others know that it's worth watching. Also if you haven't done already, consider subscribing to the channel. Everything I upload on the channel is aimed at making people better and more informed traders. Thanks again for watching and I'll catch you in the next one. .
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Hi Traders, I'm Luke from disciplined trader. In this video I want to run you through my trading setup and give you some advice on how to build your own. I don't have the fanciest setup in the world but I'll let you know the things I'm glad I did as well as the things I wish I'd done or not done when putting this setup together. So lets start with the chair, this is a Steelcase Lets B Task chair, it's a solid chair with adjustable height and arm supports. I haven't owned many desk chairs but I can really recommend Steelcase as a brand, I've had this chair a few years now and it's still going well. You may notice as well I have a memory foam cushion on the chair, this is just because it helps me stay comfortable for long periods of time. This again was a good purchase and can be picked up from amazon for around £20.Staying of the theme of comfort, I also have a memory foam foot cushion which acts pretty much as a foot rest. Again this helps keep me in a supported and comfortable position whilst I'm at my desk. This was a little more expensive than the seat cushion and can again be picked up from amazon for about £30. Over to the computer itself. I have a Hewlett Packard Prodesk 600 Tower PC. It came with an Intel Core i5 Processor, 4GB of DDR3 Ram, 500GB Hard Drive and an on-board graphics card. I picked this up a few years ago now for around £600-700. Since then I have upgraded the RAM to 8Gbs, added a 250GB Solid State Drive and installed an Nvidia GTX960 graphics card.
If you aren't computer savvy, these upgrades aren't particularly expensive or difficult to do yourself. I upgraded the Ram and hard drive purely to increase the speed and performance of the machine. I specifically choose the Nvidia GTX960 graphics card as it supports up to four monitors - which we'll look at shortly. I'd say all in all I've probably spent another £200 on computer upgrades over the time I've had the PC. I'll talk about these more at the end of the video Moving on to the desk. I picked this desk up from an office furniture shop local to where I live for about £200-£250. I went for this desk as I like a lot of room to work and also prefer desks that sit in a corner as this makes it easier to utilise all the desk.
It's definitely not much of a looker but I'd choose usability over aesthetics when it comes to a desk any day. Looking at the peripherals now, nothing too fancy here either to be honest. I have a standard Hewlett Packard keyboard, I stuck with this mainly because I like the tactile feel of the keys. I intend to buy a proper mechanical keyboard at some point but this keyboard is still working fine so why change something that isn't broken. Then I have a Logitech Proteus Spectrum G502 mouse - a mouthful I know.
I think I picked this mouse up for about '50 but it's price changes all the time. I chose this mouse because nothing infuriates me more than a mouse than doesn't work well, especially when you're trying to put a trade on! It's a wired mouse so there's no need to charge it or change batteries, it tracks well and I like to do a bit of gaming in my down time so it's obviously good for that too. Underneath these two I have an extra large mouse pad, again this is just for convenience, I find this much better than a small mouse mat and my desk is big enough to have one. I think I picked this one up for about £15. On my desk I have a phone stand for my Pixel 2, data cables coming from a USB hub under the desk and just some general stationary. I have a headphone standing supporting a pair of Audio Technica ATH-M50x headphones. These were more than I thought I'd spend on a pair of headphones coming in around £100 but they are well worth the money. I use them a lot for editing and just generally listening to music.
Highly recommended if you are in the market for a pair of headphones. Speakers wise I am using Bose Companion 2 Series 3 desktop speakers. If you just want some speakers for general use then I highly recommend these. The sound is fantastic and you just plug them in and they're good to go. I picked these up for around £70. I then have a Rode PSA-1 microphone stand holding a Blue Snowball microphone. This is the mic I use for all my live trading videos and any voice overs I do for other videos- including this one. I think it's brilliant and I picked this up for about £40-50. If you wanted to spend a little more on a mic I have heard very good things about the Blue Yeti as well although I've never tried it.
The mic stand I bought purely for convenience. It cost about £60 and there are cheaper alternatives but to be honest none of them came close to this one. It's really stable, doesn't make any creaking noises, very easy to adjust and stays exactly where you put it. Again I'm very happy with this and would definitely recommend it. For video when sat at my desk I use a Logitech C920 HD webcam. I paid around £50-60 for this a year or two ago and have been very pleased with it.
I think the video quality is very good and it even has a built-in microphone. The audio can sound a little bit tinny but it's useful to have a backup. Moving on to the main aspect of what makes this setup easily identifiable as a trading setup and that's the monitors. I'm using four Acer K22HQL 22 inch monitors. These things are not the flashiest monitors you'll ever see but they served me very well so far - especially considering I picked them up for about £75 each. I've had them for about the same time as I've had the PC, one of them needed repairing within the manufactures warranty and one developed a screen issue about a year later and I replaced it.
I seem to recall buying them from some sort of closing down sale from an online retailer, which was why I got them cheaper. The last of part the desk is the unsung hero, the monitor stand. This is the Lavolta four arm monitor mount. I picked this up from amazon for around £60 with mixed expectations. However this is a very very good piece of kit. It's extremely well built and sturdy and has built-on cable clips to make managing cables very easy. It may not be the most attractive monitor stand on the market but I'd be happy even if I'd paid double what it cost. And that's it, that's my trading setup. I didn't buy everything we've covered her in one go, it has been a working progress where I added and upgraded parts as and when I can and needed to.
But I'm assuming if you're watching this video you are thinking about building your own setup or making changes to an existing one so let me give you some advice based on my experience. Point One - don't over overboard. If all you plan on doing on your machine is trading, surfing the web, answering emails and so on then you don't need a super powerful PC. Something with a Intel core i3 processor or similar with 4-8gbs of ram and a decent sized hard drive will do just fine. If you want to only use one monitor then most on board graphics cards will deal with this no problem. However, if you want to use a multi monitor setup then you'll probably need to buy a standalone graphics card. Again don't go overboard with this either. You'll find when looking at graphics cards these things can be very expensive. All we need ours to do is provide multi monitor support and this isn't that taxing for them. Look at the older models and find one that supports the number of monitors you want to use. Then obviously use the advice we covered earlier in the video to make sure it's compatible with your other parts.
Point Two - Ask yourself, do I really need eight monitors? Or however many you are thinking of using. In truth, I probably don't need four monitors. I've become very used to having all that screen real estate but it's not a necessity. When I come to changing my setup I will probably opt for two larger monitors instead of four. Point Three - if you are going to have a multi monitor setup, take care when buying a graphics card. As I've mentioned, the card I use wasn't that expensive and there are definitely cheaper alternatives if needed. Just make sure than when choosing a graphics card you're sure of three key things, 1) it fits in your machine - so make sure your motherboard has the correct slot to support it (it's usually a PCI Express port although you can check on the specification page of the card you are looking at to make sure) and also make sure that there is physically enough room in the PC case to house the card (some of these cards can be very large!).
2) Make sure it supports the amount of monitors you want to use. Again this can be found on the specification page of the card you are looking at. And 3) Some cards need an extra power supply if they are particularly powerful, if so, make sure the power supply in your machine has the extra wattage to power not only your graphics card but the rest of the components as well. The specification pages of these cards usually not only states the power needed for the card but also recommend a minimum overall power supply for a PC using this card which can be used as a good guide. They also tell you what type of power connector the card will need so you can make sure your power supply has the correct one - adapters can be used if need. Point Four - Now we've talked about making sure the specification of your graphics card is compatible with your machine, an easy thing to overlook is make sure the outputs on your graphics card can be matched with the inputs on your monitors. For example, my graphics card has 1 HDMi output, 2 DVI D Outputs and a display port output.
My Monitors only have a DVi D and a VGA input on each. Therefore I had to buy two DVi D to DVi D cables, 1 Hdmi to DVI D cable and a display port to DVi D cable. This part can be very tricky when trying to get four monitors to work. It's much easier when using less. Point Five - if you haven't got a use for it don't buy it. I have a drawer in my home office and a box in the garage with a host of things I've bought and never used just because I thought they looked cool at the time. Save your money for things that you will use or put it towards a better PC or monitor. Point Six - if you are thinking of building a pc from scratch, use a website called pc part picker as a starting point.
It has a comprehensive list of pc parts and components and will tell you which parts are compatible with others. It can be a huge help. And the last point - remember who the setup is for. It-s easy to start buying certain things because someone else likes them or recommends them but this setup is for you so make sure the things you include suit you. For example, the first desk I bought was a very narrow rectangular desk that I bought because I thought it looked cool. It lasted about 6 months and then I had to get rid of it as I hated working on it. I bought the big bulky corner desk I have now and I love that desk. And that pretty much covers everything! You are now ready to build your own trading setup. Let me know if the comments below if you have any other questions or if you have any tips, advice or trading setup stories, I'd love to hear them.
I hope you've found the information in this video useful, if you have please consider leaving a like on the video, it helps others know that it's worth watching. Also if you haven't done already, consider subscribing to the channel. Everything I upload on the channel is aimed at making people better and more informed traders. Thanks again for watching and I'll catch you in the next one. .
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