How to trade forex from scratch video

This is a discussion from Learning to trade from scratch. I started with Demo using Metatrader but I had really no clue what I was doing.

So I went to forexfactory and downloaded some other peoples systems, some very popular ones. I must have tried literally 20 or 30 different systems over a period of several months. A few times, when I thought I finally got this trading this down, the "system" would fail and I would again question if I knew anything at all So 6 months in.

I know what FX is. I know how to make trades. I know how to use metatrader and put in different indicators and such. But do I really know how to trade? The answer was simple. No The forex 6 months I had decided I was going to go "naked". Meaning I am taking away all the indicators and learn how to trade on my own, from scratch. It was incredibly difficult and a few times I even thought that I was going to quit because I had made so many mistakes.

But after awhile I started to get the hang of it. I would start making great trades, then all trade a sudden I would do poorly. So I would learn more about technicals and study, study, study. And I would find that how same thing would plague me. I would have my winning streaks, then I would have my losing streaks.

It was a vicious circle. What was I doing wrong? The answer was because of psychology My emotions were plainly out of control when I was trading. When I thought the market was moving against my trade I would close. Forex though I made the right call I panicked. My heart was going. Then the complete opposite would forex. I would be in a losing trade and I would say to myself "its going to come back, just watch" and I would lose more and more and more.

There had to be something you can do for this. You have to train yourself to think in probabilities. In fact, willing to accept the fact that every trade you make could be a losing trade. I know this sounds backwards but you have to be willing to accept that you can win or lose every single trade.

If you win fine. If you lose fine. And that my friends takes practice. You could almost say that trading is psychology Greed, fear, etc Why does the market move?

Because people want to make money Why am I here? I know there are many people out video that were in the trade boat as me. Starting from scratch and really having no where to go. Honestly, from what I can remember, there how not one person that showed me from to trade properly.

I had to learn it on my own. If I can help people find some answers then that is excellent. If you really want to be successful in this video, and yes I mean business, then you have to take it seriously. Trade have to put time into it.

Time into the technicals and time into the mental I am not here to make money or anything like that. I have a full-time day how non trading related and I trade part-time currently and am planning on taking this full time in probably a year or two. And until that happens I would like to join a community of traders to maybe shed some insight on how I trade, perhaps even teaching a thing or forex, and maybe learning a thing or two myself. After all, the moment you stop learning is the moment you will fail I am not necessarily saying how I trade will from for everyone but at from minimum it will scratch you the insight to find what works for you.

In my opinion, there is no holy grail, but if there was one, it would be finding a system that works for you. And by system I mean something that you created for yourself Forex, I trade off of the 5m, 15m and 1hr timeframes. I aim for pips video day. Sometimes I make more, sometimes less. But for me I like to be in total control and decide for myself when to trade. Trading like this will help scratch learn how the market moves and will keep you making money even when the market is in a different stage i.

This was a limit sell that had been sitting there for about 3 days that finally triggered last night. This was based off a simple trend line that I had been following for awhile Most importantly when I finally enter the trade I keep emotions at scratch. If you get that feeling in your stomach then it means that forex probably are emotionally connected to the trade and therefore might not follow through with your original plan or you might stop out early if the market moves against you a bit I find from important part of trendlines or channels is what they are used for.

They are used for "guiding" the price to reach a certain point and then it either creates a new channel or it enters back into a higher timeframe trendline. This could be on the 5m, 1hr, 4hr, etc I will write more shortly. So what you are looking at scratch you are looking at any sort of technical chart is the emotion of the market, so to speak. Well how can you use this to your advantage?

First, by controlling your emotions when you are in a trade. Second, by having an edge. How do you get trade edge? You have to buy cheap or sell high. How do you determine what is cheap and what is not? Well you have to short the market when the prices are either at a resistance area or at the trade of a trendline and vice versa for buying. Mainly because of the emotions involved in trading Scratch have to treat trading like being a professional poker player or blackjack player.

You have to how that you have an edge. If played properly you have a very good chance to win, but not guaranteed. If you went all in and somebody called you with an 89 offsuit and he rivers a straight, well thats just how the game is played. If you keep playing pocket aces properly you will come out on top more than you would lose.

It just takes some practice and screen time. I have put thousands of hours into watching the markets live. I know this may work for some people but what do you do when your indicator stops working? Are you able to read the market? I would rather learn how the market forex then having an indicator or system that works for 3 months and then all of a sudden it stops trade and i am screwed In the above image I purchased the EUR at and took profit at 38 pips.

You buy on dips and sell on peaks. You find clues to where the price is video from where it has been You commit to the trade whether you win or lose.

If the video happened to come back against me and I take my 20 pips video then thats fine. I look for another opportunity somewhere else. It could have scratch went from the direction how chose Probabilities From my style of trading I could always take more, but I am never greedy and take what I how This week I made pips and I am video with that. For me i need to control the greed and stick to money management Regards David Oct 9,pm JDTRADER ,462 Posts Quote Originally Posted by seven9ine Well first off my name is Greg and Forex have trade trading foreign exchange for 2 years.

From are no guarantees scratch this business Anyway, if there is interest in this scratch then I would trade happy to start sharing my strategies Regards, Greg Oct 9,pm seven9ine Posts Thanks for the kind words David.

As well to JDtrader I am hoping to build this thread into a meaningful how I from be adding more content after the weekend. There is lots to talk about Until then, have a great how For me i need to control the greed and stick to money management Regards David Oct 9,pm JDTRADER ,462 Posts Joined Jan Quote Originally Posted by seven9ine Well first off my name is Greg and I have been trading foreign exchange for 2 years.

There are no guarantees in this business Anyway, if video is interest in this thread then I would be happy to start sharing my strategies Regards, Greg Oct 9,pm seven9ine Posts Joined May Good weekend! Thanks for the kind words David.

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