Unathi Kwaza RT from Jimmy Ramokgopa: On a lighter note, here is a video on how to make money on the internet. Don't follow the links that are sent to you. Don't listen to the Forex guys. Here is a super-easy way. #Day14ofLockdown #ThursdayMotivation #ThursdayThoughts #forexsignal #Money #lock...
With the government shutdown and the looming debt ceiling, it sounds like confidence in the dollar is dropping. At the moment, the major clothes exchange monies are pretty weak for the dollar: 1 USD to 96.9 JPY, .62 GBP, .74 EUR, 6.12 RMB, pretty level with CAD and diving a little bit with AUD at 1.06, though really that only matters for buying on eBay or over forums. How can these numbers be viewed as affecting clothing purchases for Americans buying foreign or for someone buying from America? If the trend continues, and I imagine it will, are we going to see spikes in manufacturing prices for stuff coming out in the future, or even near future in the case of some of the stores with faster turnaround? Should Americans be buying stuff now before it gets worse? Should Non-Americans wait in hopes of getting better rates, say, oh, around American Thanksgiving Sales Period? Will this kind of thing even affect consumption around these parts?
Hi everyone, hope you doing well I am not involved in FX trading thats why below concerns. I had a call from my father in law and he want me to persuade my wife to open FX account. Then he will top up this account with 5k. He will be trading it so she can get profits regularly. He is very sneaky person, she had many problems with him in the past. I don't know if he really want to help or there is pitfall. What sort of liability she could have, what can go wrong? I would appreciate help
Whatsup Forex, Has anyone heard of theforexguy.com? I've been reading their articles and practising and of it on my own demo account (they preach price action) and I've been fairly successful. Let me just preface this by saying I have no affiliations with them, and I'm not here to promote anything, simply looking for information. They have got a paid area which if it's anything like their free stuff so far might actually be worth it down the track. So I was just wondering if anyone has had any experiences of exposure to them. Cheers!
LOCK DOWN MODE PART 2: MM know that the bubble got to burst at some point. We been rocketing since March. They will used this as an excuse to dump.
On last Friday we saw the short side take cover. Shorts are coming in on Monday hot with a fully loaded clip ready to fires.
SMALL BUSINESS OWNER LOANS: The FED fuck this up. They should have done this back in May when SBO really need this. Doing it now reek of desperation but also tell me that the default rate for Q1 of 21 will be through the roof.
FED SWAPPING ACTION WITH BoJ: We've been switching hot air from one balloon to another with Japan. China saw this and start buying $30 Billion of Yen. Can some Forex guys chime in on this.
EDIT1: I forgot to put these stuff in.
STIMULUS: LOL. That's not going to happen till next year
VACCINE: Both Eli Lilly & Regeneron halt their trail for high risk patients. Can't test vaccine if tested subject keep dying.
$VVIX WILL HIT $200+
SHORT ANYTHING THAT WAS UP 200% SINCE MARCH.
PLEASE REMEMBER TO DONATE TO YOUR LOCAL FOOD PENTRY.
Hi All. I would be grateful if Moroccans can provide me with some thoughts on this. I am European and my cousin moved to Morocco a year ago. Recently I was on a call with him and I am worried that he will be scammed by some Moroccan guy claiming to be a forex investor and selling “signals” & courses via Instagram. I tried to tell my cousin that it all sounds too good to be true. If this Forex guy is making as much money as he claims, why would he have the need to promote and sell on Instagram, surely he would keep making money trading for himself if he is so good at this. I decided to check out this Moroccan forex guy on Instagram. His name is Yazid Ayach and he seems to be a teenager. His claims of incredible returns on the stock market sound ridiculous and he shows off his supposed wealth to his followers. I want to know if anyone has heard of Yazid Ayach and whether he is a known scammer in Morocco? The last thing I want is for my cousin to start paying hundreds of dollars for nothing more than a scam.
https://preview.redd.it/s8df6kzd0tw51.jpg?width=1200&format=pjpg&auto=webp&s=1415af6b476b3ad00d3fcb6a8769de347b2a132d Today, we are going to discuss how the rising of fake gurus from YouTube actually hacking our brain and trapping us to gambling in the stock market by using their attractive thumbnail and live webinar. In the end, we will discuss how to avoid being trapped. Please read this article seriously because we have made it very simple for you to check who is good or bad. We Indians feel good when someone gives us something free of cost whether that content is valid or not, legit or not we hardly verify the facts. We can accept anything & everything IF it is free of cost. Didn’t you experience it? At first, we are going to talk about why 95% of stock market-related content on YouTube is bullshit and fake which will not give you satisfactory results what they are claiming in the thumbnail. It’s so funny that I identified there in one video thumbnail that claimed to quit your job to become a millionaire by following his strategy. Seriously, Guys? There are millions of fancy strategies stated as no loss strategy, guaranteed monthly income strategy, 100% working strategy, intraday tricks which will never give you loss, how to earn 1 Cr in one day, Become warren buffet in 3 simple steps, how to get your money double in options trading, etc, etc You know guys what is the most fun thing? There are millions of views on their videos. It’s clearly indicating that we are the ones viewing all those videos that resulted in getting us trapped. Isn’t it? How is it possible that someone without any experience will come and tell us how to make millions from the stock market? Guys, think logically does that possible? Have you ever verified their article before practically implementing it in the live market by putting your hard-earned money? Why are you using even in the first place? Believe me, no one can make you rich in the stock market. It’s only your right and quality knowledge, dedication, and focus that can change the way you see the stock market. No amount of information will provide you an edge or trading improvement until and unless you experience it by yourself practically by implementing. For egg: whatever we share at AfterVision, we do it with full confidence because we only share a backtested system that we have achieved after 11 years of deep research & experience. Believe in the result, don’t just focus on fake and manipulated promises. Any single mistake in the stock market can make your capital zero. You have to control and focus on your Psychological process and implementation with the combination of Disciplined because these both play an important key role in the stock market then come last our so-called strategy. The strategy has no value if you don’t have an advanced system which can give you a better risk-reward ratio and clear cut entry and exit mechanism. Never join anybody if someone is making fake promises to give you more than a 10% return per month consistently. But, the funny thing is no one will talk about less than 30-50% of the capital return. Amazed? Don’t be the one to get trapped though! Never be dependent on any tip provider, signal or software, etc because trust me it is a bullshit idea of selling tips and indictors which doesn’t work seriously. They don’t trade themselves because it’s easy for YouTubers to create a 5 min video explaining about anything and showing some fake screenshots to trust us easily on them. YouTube is like their Dukan(shop), the business turnover is depending on our views we give to them that why they always come up with some choosy and fake caption and thumbnail such as 100% capital double, no loss strategy, etc so that viewers will click often on their video by getting trapped. Youtuber and live webinar guys will emotionally sell you some sort of snack oil of how you can change your life by joining their superficial level program. I am not telling you that all are bad. But, I can tell you 6 out of 10 are selling craps on the name of courses. I have got to join so many courses in the last 6 months to experience ranges from Indian to Forex guys. They are just bragging about indicator on the name of courses. That’s it. We already know indicators don’t work all the time. It’ll give you 3 times signals within 30 min. You’ll confuse about whether to buy or sell. That’s what the techniques they are claiming to work 100% of the time in any market in any situation. Why we are different at AfterVision? First of all, we don’t ever promise you to give 100% result because there is no perfect system in the world which can give you 100% result. We don’t sit and trade the whole day that’s a fishy system to sit the whole day to make money. At AfterVision, Only 45-60 min is enough to make money if you are a serious trader. We focus on a one-to-one basis live session rather than providing a crowd or batch where no one can ask questions openly. We don’t talk about any kind of indicators because believe me it is just crap, will only confuse you in the end. we believe in logical trading, if you are not getting any logic to take an entry or exit then simply we sleep that day without doing trade. We never focus on more than 5 trades in a month because we believe in quality rather than just focusing on quantity. We provide 24*7 doubt sessions with lifetime support. Yes, anytime you can call at AfterVision to take any support. Click here - http://blog.aftervisioneducation.com/the-rise-of-fake-gurus/
I’ve been reading these posts on an off for quite some time now and it saddened me to see someone had recently posted their “I quit the game” statement. We all walk through fire to stand in the green valley...and the journey has to be made on foot. And alone. And it’s tough. In response, I wanted to add a list of pointers for people starting out in this insane game and to address what I’ve learned from over a decade of trading Forex. It’s long-ish but it’s based on reality and not a bunch of meaningless retail junk systems and “insider knowledge” by nitwits on YouTube or some 19-year old “whiz kid” who apparently makes ten billion dollars a week with a mystical set-up that’ll only cost you $1,999 to buy! I became a profitable trader by keeping everything simple. I lost thousands when I started out, but I look back now and realise how easily I could’ve avoided those losses. Keep Everything Simple. For the sake of disclosure, I worked for Morgan Stanley for over a decade in fixed income but learned almost everything I know from the forex guys whom I got to know as good friends. They make markets but there’s still a lot to learn from them as a small fry trader. I got into all this as a hobby after annoying the traders with questions, and all these years later it still pays me. There are still occasional nightmare accidents but they’re far rarer to the point where they don’t affect my ROI. Possibly the most clear statement I could make about Forex trading in the large institutional setting is actually a pretty profound one: Forex traders are not what you think they are: every single forex trader I ever worked with (and who lasted the test of time) had the exact same set of personality traits: 1. NOT ONE of them was a gung-ho high-five loudmouth, 2. Every single one of them analysed their mistakes to the point of obsession, 3. They were bookish and not jocks, 4. They had the humility to admit that many early errors were the result of piss-poor planning. The loudmouths last a year and are gone. Guys who last 5, 10, 20 years in a major finance house on the trading floor are nothing like the absurd 1980s Hollywood images you see on your tv; they’re the perfect opposite of that stereotype. The absolute best I ever met was a studious Irish-Catholic guy from Boston who was conscientious, helpful, calm, and utterly committed to one thing: learning from every single error of judgement. To quote him: “Losing teaches you far more than winning”. Enough of that. These points are deliberately broad. Here goes:
Know The Pairs. It amazes me to see countless small account traders speak as though “systems” work across all pairs. They don’t. Trading GBP/CHF is an entirely different beast to trading CHF/JPY. If you don’t know the innate properties of the CHF market or the JPY or the interplay between the AUD and NZD etc then leave them alone until you do. —There’s no rush— Don’t trade pairs until you are clear on what drives ‘commodity currencies’, or what goes on behind currencies which are easily manipulated, or currencies which simply tend to range for months on end instead of having clear trends. Every pair has its own benefits and drawbacks. Google “Tips on trading the JPY” etc etc etc and get to know the personality of these currencies. They’re just products like any other....Would you buy a Honda without knowing a single thing about the brand or its engine or its durability? So why trade a currency you know nothing about?
Indicators are only telling you what you should be able to see in front of you: PRICE AND MARKET STRUCTURE. Take everything off your charts and simply ask one question: What do I see happening right here and right now? What time frame do I see it on? If you can’t spot a simple consolidation, an uptrend, or a downtrend on a quick high-versus-low time frame scan then no indicator on the planet will help you.
Do you know why momentum indicators work on clear trends but are often a complete disaster on ranges? If not, why not? Do you know why such indicators are losing you tons of trades on low TFs? Do you actually understand the simple mathematics of any indicator? If the answer to these questions is “no” then why are you using these things and piling on indicator after indicator after indicator until you have some psychedelic disco on your screen that looks like an intergalactic dogfight in Star Wars? Keep it simple. Know thy indicator.
Risk:Reward Addiction. The greatest profit killer. So you set up your stops and limits at 1:1.5 or whatever and say “That’s me done” only to come back and see that your limit was missed by a soul-crushing 5 pips before reversing trend to cost you $100, $200, $1000. So you say “Ah but the system is fine”. Guys...this isn’t poker; it doesn’t have to be a zero sum game. Get over your 1:1.5 addiction —The Market Does Not Owe You 50 Pips— Which leads to the next point which, frankly, is what has allowed me to make money consistently for my entire trading life...
YOU WILL NEVER GO BROKE TAKING A PROFIT. So you want to take that 50-pip profit in two hours because some analyst says it’ll happen or because your trend lines say it has to happen. You set your 1:1.5 order. “I’ll check where I’m at in an hour” you say. An hour later you see you’re up 18 pips and you feel you’re owed more by now. “If I close this trade now I could be missing out on a stack”. So what?! Here’s an example: I trade in sterling. I was watching GBP climb against it’s post-GDP flop report and once I was up £157 I thought “This is going to start bouncing off resistance all morning and I don’t need the hassle of riding the rollercoaster all day long”. So I closed it, took the £157, went to make breakfast. Came back shortly afterwards and looked at the chart and saw that I could’ve made about £550 if I’d trusted myself. Do I care? Absolutely not...in fact it usually makes me laugh. So I enter another trade, make another quick £40, then another £95. Almost £300 in less than 45 mins and I’m supposed to cry over the £250 I “missed out on”?
£300 in less than an hour for doing nothing more than waiting for some volatility then tapping a keyboard. It’s almost a sin to make money that easily and I don’t “deserve” any of it. Shut off the laptop. Go out for the day. Does the following sound familiar? “Okay I’m almost at my take-profit...almost!.....almost!....okay it’s bouncing away from me but it’ll come back. Come back, damnit!! Jesus come back to my limit! Ah for F**k’s sakes!! This is complete crap; that trade was almost done! This is rigged! This is worse than poker! This is total BS!!” So when you were 50% or 75% toward your goal and could see the trade slipping away why wasn’t $100 or $200 enough? You need more than that?...really?! So point 6:
Tomorrow Is Another Day. Lordy Lordy, you only made $186 all day. What a disaster! Did you lose anything? Nope. Will the market be open again tomorrow? Yep. Does London open in just four hours? Yep. Is the NOK/SGD/EUR whatever still looking shitty? Yep. So let it go- there are endless THOUSANDS of trades you can make in your lifetime and you need to let a small gain be seen for what it is: ANOTHER BEAUTIFUL PROFIT.
Four or five solid but small profits in a day = One Large Profit. I don’t care how I make it, I don’t care if it’s ten lots of £20, I don’t care if I make the lot in a single trade in 30 seconds either. And once I have a nice sum I switch the computer off and leave it the Fk alone. I don’t care if Brexit is due to detonate the pound or if some Fed guy is going to crap all over the USD in his speech; I’ve made my money and I’m out for the day. There will be other speeches, other detonations. I could get into the entire process by which I trade but it’s aggravatingly basic trend-following mostly based on fundamentals. Losing in this business really does boil down to the same appalling combination of traits that kill most traders: Greed, Impatience, Addiction. Do I trade every day? Absolutely not; if there’s nothing with higher probability trades then I just leave it alone. When I hit my target I’m out for the day- the market doesn’t give a crap about me and I don’t give a crap about the market, if you see my meaning. I played poker semi-professionally for two years and it’s absolutely soul-destroying to be “cold decked” for a whole week. But every player has to experience it in order to lose the arrogance and the bravado; losing is fine as long as you learn from it. One day you’ll be in a position to fold pocket Kings because you’ll know you’re dead in the water. The currency markets are exactly the same in that one regard: if you learn from the past you’ll know when it’s time to get out of that stupid trade or that stupid “system” that sounded so great when you had a demo account. Bank a profit. Keep your charts simple. Know the pairs. Be patient. Touch nothing till you understand it inside out. And if you’re not enjoying the game....STOP PLAYING. [if people find this helpful I might post a thread on the best books I’ve studied from and why most forex books are utterly repetitious bullshit]. Peace.
What broker do you guys like to use for daytrading futures and forex?
I used Ninjatrader before but found it to be very complicated to set-up. What brokers do you guys use for trading futures and forex? I use Tastyworks for stocks/options already. They do have futures but with very limited options.
I've been experiencing a "now what" feeling with my trading/life. I worked so hard to get where I am and achieve the level of calm that I've achieved with my trading, and now that I've achieved it I'm a little lost. I don't really know what else I should focus on. So that brings me to my question. What do you guys do outside of trading to keep busy and build your character? School, work, work out? I'm looking for ideas on how to keep my mind busy. I'm in university, but admittedly it's hard to stay on task at times. I'm essentially paying thousands to teach myself online.
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Forex Guy Washed His Own Cars Hey Watch the best forex videos and learn how to trade forex and make money online and huge profits with our free signals through the videos and also we offe... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. TO GET FX TRENDY AND CLAIM YOUR FREE FX EBOOK, http://www.22s.com/baycone Follow blogger http://conebayforexgym.blogspot.com/ https://forexstrategyfactory.bl... Download my tools: https://www.theforexguy.com/download/ In today's Forex price action trade tutorial, I wanted to talk a little on quality control, and how ... The Forex Guy's War Room Trade Panel - Introduction & Basic Use Tutorial - Duration: 10:45. Dale Woods 2,970 views. 10:45 +$3500! How to Identify Counter Trend Trading Signals With High Profit ... Sign in to like videos, comment, and subscribe. Sign in. Watch Queue Queue