Tips To Forex: junho 2018

Why Trading Forex is so Difficult - Randomness in the Markets: Clusters of Bad and Good Luck

It's always been my understanding, but it's quite difficult to make money if you're trading currencies or indices But you make that working very short time frames. Is that correct well I? Look at the Forex market on Daily charts for the for the trend And then I look at chart for entries yesterday I looked at a 30-minute chart because I had the time to focus on the 30-minute chart. I haven't got that today you're trading technically alone in the Forex Market and There's a lot of news around at one way the other way and your head rate suffers I think using vector based on the stock market good quality stocks You can get your hit rate up to 75 percent on the Forex market that comes down I don't care who you are it comes down significantly and If you speak to any institutional trader, they'll tell you that if your head rate comes down then what happens is that you get into these ghastly clusters of good and bad luck so To illustrate that do you ever go to the casino again, okay? If you play Roulette Yeah, okay, all right.

Well roulette is red and black So if you look at under white ball yeah, which is the house edge okay? That's the spread that's a brokerage If you look at the scoreboard done at the bottom of the roulette wheel you know electronic score book Yeah, if you look you're going to see long runs of red run long runs of black okay, and it should be red and black red and black red and black but if life is not like that you get clusters of good luck and Clusters of bad luck your mother may told you that bad things happen threes Okay, that's because life is mostly random. Okay? I'm in Observations you get a cluster and those are 1/2 times 1/2 times 1/2 Okay, and your mother could only remember eight observations so she says that things happen in threes So in a 50-percent system, okay? You get a few s you the head right. That's one other - you should be right one order - you should be wrong okay.

What's the probability of two bad ones in a row? Okay, so 1/2 1/2 Okay, too bad none zero that means in a 50% system Every four trades your two bibles on a row into Goodwin's in a row now that means that if your hit rate comes done towards 50% and Many Trend-following traders would sell or granny for a 50% system most train following systems are less than 50% That in for trades you're gonna Bibles in a row now most people will give up two thousands in a row but gets worse What's the probability of three Bible 0? 1/2 times 1/2 times 1/2 Okay, which means that you get a cluster of three bibles in a row every eight trade you get a cluster four? Bibles in a row every 16 trades and you've got a of five bathrooms in a row every 32 trades Five Bibles in a row how good will you be in? executing your system with precision after five losses in a row Okay, that's the challenge in the short-term market as the hit rate comes down then these gasps these clusters of bad luck Start and of course a cluster of good luck you can have a cluster of good luck as well plus your good luck of course eventually more detrimental to your health in a cluster of bad luck because in a cluster of good luck you get a little thing between your ear called a pituitary gland okay, and it pumps all Sorts of Mutti Mutti Zulu Really medicine it pumps all sorts of into your bloodstream when you leave the gym after a good workout, you feel good yeah All right when I feel leave the gym after a good workout.

18 again Okay, and similarly when you have one good trade in a row two good trades in a row the old pituitary gland gets to work And it pumps your stuff into your bloodstream you feel good you become your phoric and when you become euphoric the definition of euphoria is invincible You start to forget about all those position sizing only risk half a percent. You say let's have a big bet When you have a run of good luck that euphoria takes over and most people in fact go bankrupt after run of good luck not after a run of bad luck because They think they're god and they forget about all those position sizing stuff and it's happened to me a few occasions that and if you're a risk manager the risk managers in the city are in fact coached into assessing the susceptibility of their traders to euphoria so that big problem and Anybody who's traded for more than 10 minutes will tell you this the big problem is getting your mind around the clusters of good luck and clusters of bad luck as the and Variably not if you've got a system with trend-following and the darn thing goes in to arrange the system doesn't work Many people say well don't trade a trend-following system when it goes into a range But you don't know the darn things in a range until it's been there for a while You can put all the ad x's of this world on mix your darn difference Okay, the market has to go sideways for a while before you know what's in a range? Similarly if you're buying support and selling resistance okay, and the market starts to trend well You're wrong so you can have lots And then there's the noise in the market that causes you to get stopped out and stopped out unless your stock losses are really good the market makers will pick them off all day and every day and The algos will have been what's left after the market makers the algos will have a go at so your head rate comes down and if you can be right in the Forex market 55 to 60 percent of the time you're right up there with some really good traders You can make a heap of money with a 50 percent system if you make three times more when you're right Then you lose when you're wrong times is and times is That means that in trades you risk a pound to make a pound So you've got a positive expectancy system, and that's great But handling with a winning system, that's right of the time of the time that makes a fortune paper most people will lose with that system unfortunately because these darn clusters Good luck and bad luck and if you're over 20 you must have had periods in your life where everything goes well and your Periods your life nothing goes well met a cluster.

They happen every facet of life, okay? I'm certainly if you get to over 50 and over 60 I have to say it to believe it If you get over 60 you've got really good years and bad years that's for sure What's the best week of trading then you've ever happened? coffee Ah the best one was oder. Doped is a copper trade that I did a lifetime ago I took the trader on while I was in South, Africa and I was here in London. I remember vividly checking broke I didn't think I had any positions because I was sure I've been stopped out of this copper trade before I left South Africa And I was going to what Celine dion that the royal albert hall, and was we talked about titanic a moment ago She I just got that titanic era. I didn't when that was 1999 long time 20 years ago, and in fact what had happened was I'd missed the stop and copper by a tick or two and The Copper price had ran up the page and we talked about it just ignored all those fed levels has just kept on going I'm When I opened up my brokerage account at a local spread better here when I opened up the brokerage account there was thousands in it Completely unexpected so I think that stands out as a wonderful trade yeah.

Yeah, that's great I'm not no even I don't know any right And I just let run it run up the page for weeks on end because I didn't think I had a position Yeah, you are one of the traders that get currencies ranked where do you think other go wrong? Well, I get currencies right 60 to 65 percent of the time thirty to thirty five percent of the time. I'm wrong And the reason that I'm still around all of these markets that When I'm wrong I lose a little bit and when I'm right add I Like to be three times bigger when I'm right that I'm when I'm wrong so I'm not consistent with markets Because of my ability to read markets better than anybody else and in I'm probably consistent in markets because I manage risk well And I am a conservative many of my friends to me David how the hell can you be a commodities kid in your most? Conservative guy in the world when I go to the airport I hire a car I always take the music your ass you want in one screen and you want the tire waiver I always take that and I take the zipper cover as well, and they say to me How can you be a trader and take risk? and the reason that I'm still around after all these years and people have come and gone is that I manage risk exceptionally well and The objective of doing business whether you're in the media business whether you're in stock market Or the Forex market the objectives are doing business is to do business at the least risk you.

luck and trading, trading the forex markets, forex trading

10 important trading tips for beginners

There is a brutal truth and a saying on Wall Street that says:

"Bulls make money, bears make money and pigs are killed" ("Bulls make money, bears make money and pigs are slaughtered")

Institutional traders, banks, and even retail brokers call hog beginners into the market. Most new traders lose their first commercial accounts because of certain facts they could have avoided. The "secret" (that everyone knows) is that 90% of traders lose money in the long run. And the surprising reason is not that they do not know how to trade, but that they do not understand how to properly manage the risks.

Not having good capital management is the main enemy of a trader who starts and this can be improved with practice and discipline. See below our 10 suggestions for beginners and improve your skills as a trader by following them.
1. Acquire basic knowledge of the foreign exchange market

Negotiating the currency market is not so simple, but it is not so complex either. Knowing how to sell or buy a currency pair does not mean knowing the currency market. If you start now, it is important to learn through a forex course that provides you with in-depth knowledge and presents problems in a structured and progressive manner.

There is no shortcut in the process of becoming a lucrative trader. There is no "holy grail" on the foreign exchange market. Do not waste your time looking for one. You do not need it.

The first step in any course is to teach the basics of the currency: what is pip, spread, swap, leverage, lot size, trading platform, etc.? After that, they should teach different pairs, correlation, types of graphics, candle motifs and much more.

Then, a good course will teach you the psychology of trading and risk management, two essential points. Only then should you start thinking about your trading strategy.
2. Adopt risk management strategies and capital management

To what extent is a professional trader defined by his quality in risk management and his capital. It is the number one in the business of any risk market. You stay in business only if you have risk management rules. Nothing can save your account if you do not follow a disciplined risk management method. There is nothing absolute about the markets, the job is to understand probabilities and risks.

71% of transactions on a losing account are usually in profit. Amateur traders "usually break the account" by using high leverage in their operations and with that one or two losses can play all the work "on the water". They work too much without doing the proper calculations. Do risk in an operation only the amount that will not hurt much to your account if you lose it. Otherwise, sooner or later, you will eventually destroy your account.

I repeat: if you want to "survive" in the long run, you have to follow risk management rules. There is not any other way. The sooner you learn this, the better for you.
3. Learn a strategy based on the basics and master it

Do not stay strategy-wise or try to do many strategies at once. You must learn a simple trading method based on the stock price. A good trading strategy always focuses on risks and losses. A trading plan is a set of rules for filtering inputs to minimize risk and maximize profits.

All lost traders have a similar way of thinking: they depend on indicators rather than the price itself. An indicator can work for the person who created it but not for you. Learn price action strategies and charts to become a successful trader.
4. Create your trading log

Owning a newspaper in which you write your traditions and emotions may seem like a little extra work, but you'll regret it if you do not have one. You lose money if you make a mistake and a newspaper will show you your mistakes at a glance. With a commercial newspaper, there is a good chance that you will increase your success rate considerably.

5. Try longer delays

You must operate a longer period (like the calendar) if you want to succeed. Many traders have the misconception that they are finding more business opportunities in a shorter period of time and are earning more money. The reality is exactly the opposite. Operating more frequently increases your risks and costs. In addition, price action in smaller graphical times is less reliable.

Cost-effective daytime operation is more complicated and requires more practice. I highly recommend beginners to prefer daily charts.
6. Stop following other people

Stop following other traders blindly. They can operate a different strategy and schedule different from yours. You must know your strategy before.

You can practically ignore the news if you are a "technical trader", especially the big TV networks. Remember, they are often journalists or analysts, not traders. Think independently High performing traders generally think differently about "pack".
7. Know that the real world is different from Holywood

Be realistic, do not dream of making a $ 1 million profit by investing $ 1,000, which is virtually impossible. If it were possible, Warren Buffet would have made ten trillion dollars every year. Traders who want to enrich quickly are getting poorer even faster.

A strategy is excellent if it can generate more than 5% per month. Even professional traders are not profitable every month. Luck helps the game or the lottery, but it will not help you in the long-term markets.
8. Choose the right broker

Some brokers have high margins, expensive swap rates and other restrictions that can significantly increase their costs. Compare the best runners, choose the one that best suits your style. Good brokerage is important. Do not choose a broker just because someone told you about it.

Do your due diligence, check the rules, the jurisdiction in which it is located and choose wisely.

Tip: If you're having trouble choosing a brokerage that's right for you, check out our tips on how to choose a good currency broker.
9. Understand that the less you operate, the more benefits you will have

Negotiating with smaller volumes often makes you more profitable in the long run. Expect big profits by using high leverage is one of the main reasons why amateur traders take all their capital. Small but steady gains will lead to success.

In addition to correctly sizing the "size" of your positions, remember that the more you negotiate, the higher the costs. You do not have to enter all the trade to be profitable. Stay patient and disciplined, control your emotions.

Controlling your emotions does not control your joy or sadness when you win or lose. It changes the way it interacts with markets, when you decide to open and / or close your positions. Your only job as a trader is to protect your capital, making profits should not be your priority. The advantage is a consequence of the loss of little when it is false.
10. Learn where you are going before you enter

The use of stop loss (SL) is essential for a trader. It is true that many beginners are so afraid of losing that they put the stop very close to the entrance. It does not help you to preserve your capital. Using a fixed number of pips for the SL can not be a good idea either. Understand the price action and give some space for it to move. The important thing is that when your SL is reached, you are sure that the initial analysis did not work (and it will happen several times, that's normal). Use a smaller lot size if the ideal SL is a very large part of your capital.

Never move your stop loss when you notice that the price is close to it. Do not panic with the losses. It is used for exit point in profit (profit taking). Have a plan and stick to it. Remember that a strategy should not be evaluated with one or two operations.
conclusions

Our idea with this post was to bring some tips that can help you survive longer in this crazy financial market. If you follow the points we have presented here, particularly with regard to risk management, you have everything to do. Get a good education (remember: education is an investment), learn price action, keep a trade journal and success will come.

Forex Tips and Tricks for Beginners || Bengali & English Subtitles

Hi guys! Here are some tips that increase your trading ratio rather than lose money. One thing is that every trader must follow these tips even if he find 100% trade opportunity. That's protect your account Besides it is a psychological training for you!! Let's get started. Never trade on a running candle because we don't know about this candle behave and at the end it might be a pin bar or engulf bar or fakey after closing. So we don't sure about what's going to happen. Market is full of probabilities and we predict the market after closing candle. It is not wise to trade on running candles. Don't trade in traffic. It may confuse you. Lets see a picture In this picture, we see that after a strong downtrend, market enters in range which has no specific trend. We can't find trade opportunity here. It is wise not to trade in traffic Don't roam around many timeframes. Be specific on higher timeframe like H4 or Daily. If you want to do some scalp then don't cross H1 line because in M30 or M15- u can't make a good decision about trend Support & Resistance are important.

If you don't know where the S/R levels are then you must find it first because its important before taking any trade S/R indicate the supply and demand of the market. We have some videos about that which you get later on. Don't take Trade when breakout just happen because it may be a false break. we see false break in market after breaking support resistance level market moving back into the range.

Always use candle high & low and leave 10-15 pips and then give pending order It will minimize the chance to get hit the false break. suppose if you make pending order after the break with the 10-15 pips above the candle, you may not lose money Provide your SL/TP with your strategy It is easy if you leave some space of 10-15 pips from S/R area. Don't just provide your SL at S/R area. Market may retest and hit your SL. Thats all for today If you like the video then you can subscribe us if you find any difficulty to learn then make comment to know more Thank you. :) .

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Best CryptoCurrency Trading Tip Ever

I've come across a very important trade tip when I was browsing YouTube videos today and I want to share this with you guys. This kind of embodies my whole experience with cryptocurrency and if I discovered this maybe a year or two ago I wouldn't have made some of the mistakes I've done so I'm going to show you guys a very quick video and will explain to you guys why this video is really important to me this video is between Omar crypt0 and has interview with the market sniper also known as francis hunt already without again yeah I do have I'll finish with one or two other minor tips this is going to help you guys and they can get some of this from me .

Okay. No shorting No leverage. it takes discipline but that's slightly more patience yeah this is some of the stuff going up an event in a day just in a day you don't really stay in the game the way you don't make the money as you get shaken out the game stay in the game and you're going to be a winner we have an expanding market that's the finest thank you so much so what's up there so this is the distilled knowledge from this experienced trader in cryptocurrency and he said the most important thing which is stay in the game don't short to yourself by shorting what he means is there's just sell and hope to buy at a later time for a cheaper price and I did exactly that when I first started cryptocurrency you know I'm not afraid to admit my mistakes and that's one of the biggest ones you know when I started mining Bitcoin you know I was all excited about it you know I was mining and the Bitcoin was stable at $10 you know it's unbelievable now but when I was mining it was at $10 right so stable at $10 for three months and suddenly it rose up to $50 and I'm like damn I'm smart I would sell $15 I will buy it back at maybe $1211 and I'm gonna make a fortune well guess what it just kept going and going and going and you know in my heart I was just waiting for that one moment to just buy back and get back into the game but it just went up to a hundred and up to a thousand and now it's at 2,200 and it's just so hard to fight that kind of initial instant you feel like oh the market is going to drop tomorrow I really feel it I feel hunch that this market is going to collapse - the bubble is coming I want to sell now.

But you know the market will punish you for for overestimating you know when I made the same mistake again this week you know I was looking at a theory announced that you know 100 once a program hundred it's 130 you know it can't go up any more it just can't go up any more you know it had a hard time finding 100 you know going up to 130 you know it's going to drop down to maybe 110 maybe a bit below 100 I can just sell at 130 buy back at 110 nope same mistakes kept going up and not be serious now at almost 170 again you know that is the key hard hitter here like this is an expanding market and if you feel like you want to short something and you want to buy it back tomorrow then maybe you won't have a chance to you know this like like I said its growth this market grows at 23 50 percent a day and if you really feel like this is something that you think you should keep then keep it keep it because the market is just insane and the market is unforgiving second thing is also very important as well leveraged trading so this is something that the exchange is pushed to you if you go to Polonia ax and you see can go for a margin and start borrowing money and trading if you go to crack units well you can use a 5-time leverage trade on the BTC - US dollar so this sounds very promising after first because you get five times you quote you can Quinn temple could control your money you know I mean like five five makes five times more money than you normally would so if you're trading and you're winning you can like like like not just double but five times your winnings and that is actually a promise that um it appeals to someone who feels aggressive about currency but one thing you have to remember is that the exchanges will always act in their best interest they're pushing this to you because they can make more money for me to get more fees from you and the actual fact is that if the current season drops by any sort of freak accident you know one just one freak hour and the currency drops by say half right if it drops more than half its the exchange was it's going to liquidate all your assets you know it's going to liquidate all your money to try to cover up for that loss and it might just get split second it might just be like this split freak second and you can't login you know at that freak second to just put more Bitcoin in and your assets are going to be gone so that's why you should never ever trade on a leveraged position with cryptocurrency because you just don't have the tools to even do that I mean in real life if you trade on the leverage position you know the exchange can even call you say hey look you're you're you're going to meet a margin margin call soon but you know on in cryptocurrency they don't have your details they don't care about you Polonia overloaded as it is they just care about getting more money for themselves and that's why you never use a leveraged position so guys those are two very P points and I think he summarizes very well on trading of course this is not some trading advice I'm not the trading expert if you guys want to watch market sniper you can check them out on the link below I think he has some great advice if you want to watch Omar's journey Kryptos journey in consensus and when link is channel below but that's a very very cool video and that summarizes some key points I think the two key points I think if you guys are trading cryptocurrency what do you guys think about this tip do you think do you agree with the point set or do you disagree I would like to hear both put them on the comments below and also if you like this video please do remember to Like and subscribe to my channel I have tons and tons of videos about cryptocurrency different coins and I even have live sessions so if you subscribe you won't miss all any of these videos! thanks for watching.

Bitcoin, Genesis Mining, Crytocurrencies, crypto, blockchain, ethereum, Francis Hunt, Crypt0, Trading, Cryptocurrency, Litecoin, The Market Sniper, Consensus

How to conquer financial independence

how to invest in the stock market?

Step 1- Make a smart capture

As we have seen little, it is necessary to develop a monthly financial plan to define the amount you will spend on investments. The ideal is to set a percentage of your salary at 10 or 15%. That is, you have to pay first and manage your accounts with the rest.

If you do not, guess what will happen at the end of the month? Nothing will be left because you are going to spend everything with something superfluous. And, again, it will not be possible to work to achieve financial independence. Then, organize yourself, make an effort or create a new source of income to make a quantity and invest. Combined?!

Step 2 - Invest Effectively

The second step to gain financial freedom is knowing how to invest on the stock market or any other form of financial market, such as Forex and real estate funds, for example. Otherwise, low profitability and the payment of many fees can completely absorb your benefit.

Do not be an "investor's hope". The one who invests without knowing what he is praying for the stock market to rise and earn money like that. In this way, you invest all your life, but you will not get financial independence. That's why I decided to tell you something that very few people know. And that many people care about you really do not know ... Look:

When someone invests in a stock investment fund or in a private pension plan, which allocates some of the applications in the stock market, in addition to managing 'super high rates', it still happens lousy management . In the vast majority of cases, the person who assembles the portfolio is the manager of the fund.

And for that, it accompanies the Bovespa index, an indicator that accompanies the most traded shares of the stock market and which today concerns about 60 companies. But, pay attention to this criterion used to choose the shares, because the manager selects the most traded companies and NOT the most LUCRATIVE ones.

This is a big mistake and, before you start investing, you need to know how to carefully select these actions. It is not enough to buy only those companies known as Petrobras or Gol, if they do not offer good profitability and / or are not well positioned in the market.

And that's what you need to pay attention to always get good results. Reason that reinforces the importance of knowing how to invest.

See more:

Step 3 - Use the "snowball effect"

The third factor to conquer financial independence is the snowball effect. So, I want you to see the difference of choosing companies with good returns in your stock market career. Next, we will compare the results of a mutual fund with a well-designed stock portfolio:

Monthly investment: R $ 500 (without initial contribution)

Application time: 20 years

Profitability of the fund: on average 1.25% per month;

Final value: R $ 748,619.74.

Portfolio Profitability: On average 2% per month;

Final value: R $ 2,872,218.38.

Download the free spreadsheet for other simulations here.

As you can see, the difference is over R $ 2,000,000! And I am very conservative in these last figures of the exchange, because they can reach much higher values. However, it should be remembered that in the short term, you are hardly aware of it, but in the long run, they are extremely superior ...

So, seeing what you do not know how to invest can cost you 20 years later: over two million! This is the price of lack of knowledge. And the truth is that by combining smart adoption with effective investing, the result tends to become a rather positive snowball and lead anyone to financial independence.

And who does not want that, is it?

Then ignore the myths

Myth: "who speculates in the short term wins more"

> It is impossible to make money in the short term, but you have to be very good in this area;

> It spends a lot on brokerage and income tax;

> Time spent in excess and which could also be used to generate income in other ways;

> It is the interest of brokers to always earn more.

Myth: "Follow the advice of the media and what will bomb this year"

> Effective method and monitoring are needed to achieve consistent gains. There are always good stocks of companies on the stock market, but you should not jump from branch to branch.

Myth: "change in the company"

> All modification projects, new acquisitions, mergers, inventing a miracle product, the restructuring of the company, etc., all this, 99.9% of the time, move much the price of the shares and rumors bring to injury (common in shares worth a few cents = broken companies). Therefore, if the stock is worth pennies, DO NOT BUY!

Myth: "investing in stocks is very risky"

> And this can really be for those who do not know what to do. But it's more risky than leaving all your money in rendiendo fixed income very little and never achieve financial independence. The greater the risk, the higher the return. Find a balance and remember to diversify.