Everything You Know About Trading Forex Is Wrong

guy shocked

Everything You Know About Trading Forex Is Wrong

I was taught to trade with a set of Moving Averages and buy and sell the break of bars. And with that being said yes you can make money here and there, But it never said to me why the price shoots one way or another. And I have hated Moving Averages ever since. I have also been asked to teach people how to trade, but there is not enough interest in doing that at this time.

It is hard to find the right balance between what you know and what can be unknown. The reason for that would be because it just might make sense when trading Forex, but it never feels like I am in control of my own trades. And then there’s this whole game with daily highs and lows on technical analysis, where their are other factors at play which makes things more difficult than they should have been as well. And remember always follow your gut instincts about a trade! It will usually tell you whether or not something is worth taking a risk on day-to-day basis.

4 Hour Time Frame

Below is a 4 Hour Chart and yes you could make money with this and there are plenty of people that do. Hell I was one for a long time, But it never explained to me why price moves in certain ways. And hence makes you start to wish as if you had just rolled the dice. And while there is not guarantee in this business. The truth is, you better become a master at what the Hell you are doing. Or join the other 97% that fail.

It is rare for me to go under the 4 hour time frame because if you have the eyes, and i get that quote from the trader i learned from. You can see the markets like you never have before.

Now with that being said, I am wrong from time to time myself. But you need to see what is really going on to keep and make money in this business.

usdchf chart

Learn To Trade Naked

If you ditch all the crap on your screen and learn to trade naked, you will have a better rate. But this does come with time and learning the markets.

This morning at 2 am i seen CHF/JPY and truth is it looked long as heck to me, then i realized. Nope, this thing is going to break. And what you see is the trade. So why tell you this? Because you need to learn to sell, when everyone else is buying. And Buy when everyone is selling. Now I know most will say I have Lost It. But I racked up over 1100 Pips on two pair this week alone. So you tell me who is crazy?

chfjpy

Now this post will confuse some that are new to trading but I want you to look at you charts and see the trade. Did i know? I had an idea that the trade was going to turn out like this based on other pairs, Like GBP/CHF Based on that i took the trade.

No, but sometimes it is better to just go with your gut on these things 

Final Thoughts

Forex tends to make folks mad all the time, and yet it is not much different than the stock market to be honest.

YouTube Tends to convince folks it is easy money. And trust me when i say this, the only easy money being made. Is the guy selling you something.

This is just like what ever else in life you choose to do. It takes time, And patience to get good at your craft. Do not rush things and you will thank me for it in the end.

Study charts, paper trade until you become profitable. Then and only then consider getting a live account. Never buy a Course, That only keeps you pinned and if you do not trade like the course creator, then well that is to bad.

Find a style and system that works for you.

LQD Forex
The rumppled one

U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.