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I Tried Trading Forex w/ $1,000 (ZERO Experience!)





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In this video, I attempt to trade Forex for two weeks with absolutely zero experience to see if it’s something the average person should try out to secure some bags.

The problem with Forex trading is it has attracted vast amounts of spammers – or just slick salesmen pitching an undeniably amazing, yet attainable lifestyle if you join their training/VIP group/mastermind/course/whatever!

I have never traded Forex before this experiment and had no idea how it even worked until I decided to dive in. Of course, I don’t expect a few days of studying Forex basics and strategies to turn me into a profitable trader, but when so many gurus are advertising their services to the masses, I wanted to put some money on the line to try things out for myself.

The #1 takeaway you should get from this video is please, don’t spend money chasing a Forex lifestyle or promises of massive profit. Forex is comprised of incredibly efficient markets, making it hard for the average retail trader to turn a consistent profit.

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0:00 Intro
0:39 What Forex Is
3:09 Charting3:42 My First Trades
5:22 Next Steps
6:23 Forex Signals
8:25 More Trading
9:40 How My Trading Went
11:46 Final Thoughts on Forex

#Forex

Vídeo

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28 Comentários

  1. what do you think? want a forex trading update in a month or should i call it quits and move on to something else?

  2. I dealt with a lot of inexperience and struggle with a series of recurring losses during my rookie days trying to trade. I earn almost thrice what I was making even more now.

  3. Thanks so much, i am currently up $1800 with 5 hours of trading! looking to improve my strategy and make it bullet proof

  4. The problem here likely isn't efficiency, but an understandable lack of experience and a real method. Attempting to trade forex solely off intuition and without backtesting/papertrading is a recipe for disaster, and in my opinion it would be more accurate to learn/find specific patterns and methods of training through backtesting, then try live trading them. I think this is a much better representation of what the average forex trader does.

  5. He is (👆👆👆👆👆👆👆👆👆👆) undoubtedly the greatest role model of all time. I admire all that you do, and I hope to follow in your footsteps. Your leadership and your strategy has made me strive to fulfill my true potential.

  6. 👆🏻👆👆 How did you come such a golden heart? Thanks for the extraordinary help you have to me it give me so much relief…. God will reachily bless you ✌️👆..

  7. Learning to trade forex is fairly easy. All you have to do is ton of research to develop a plan. After much research and watching a stock for a few months you can get an intuitive "feel" for how the chart moves on a day to day basis. Then you open up an account and transfer funds from your savings account. Once you blow up your forex account you invert your strategy, transfer more money and rinse repeat.

  8. I started forex trading 2 years ago with signals with no great success, but I kept learning. I now use software like the institutions to trade for me and keeping my risk settings conservative to grow my wealth. I now added PAMM accounts to my portfolio with pro traders trading for me. I also do my own manual trading because I learned and still learning. I can't wait to get as many years in the forex market as I have in the stock market. Game changer!

  9. It hurts to see that you didn't use proper risk management. Like being profitable long-term without it is quite… well, almost unheard of far as I know.

    Using stop-losses and take profits is the right thing to do but that alone isn't proper risk management. You need to have consistent risk so all your losing trades lose the same amount. For example 1% of your account or even 10% like when you upped the anty which would've been fine if only you made it consistent.
    You would then also need a strategy or take trades with good risk to reward ratios, like 1:2 ( read 1 to 2) which means for every 1% or $1 you risk and would lose if the trade loses you stand to make back 2% or $2 if the trade wins. If that's what you did (not even necessarily 1:2, 1:1.5 and even 1:1 could work though there's better than 1:2) you would've stood a better and much more reasonable chance of ending up profitable.
    I'm surprised you watched educational videos and didn't pick up that knowledge. It's quite common knowledge in the forex community I believe. I wonder just what those educational channels were selling you.

    That being said, just having a big RRR (risk to reward ratio) doesn't mean those trades will even win in the first place, the price has to move further in your direction for them to even win. Even so, best you have a decent win to reward ratio because with a 1:2 you could lose 66% of your trades and still be at break-even (with consistent risk like we discussed earlier).
    So your strategy need only have a 34% or higher win-rate. Win-rate is also a common forex concept that refers to both trades and individual strategies.

  10. im not sure what kind of video is this either a real life trade or a standup comedy🤣🤣..luv ur video bro

  11. I'm new to forex and I find it difficult using these strategies well. Where can I find a legit broker that will manage my account and also teach me how to trade

  12. Progress they say shows when hard work is put into a venture. I was experiencing lapses in putting enough work into trading,and my job made it nearly impossible for me to earn. Until I came across Nicholas Alexander Kelly Strategy ,the book turned my life around, I'm so grateful!