How To STOP LOSING TRADES - Intraday Forex Trading Strategies for Beginners

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  • Опубликовано: 6 июн 2024
  • In this video, we're diving deep into the art of successful intraday forex trading, focusing on a critical aspect - how to stop losing trades. Join me as I walk you through a trade taken live on GBPUSD, breaking down my step-by-step intraday forex strategy.
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    - TIMESTAMPS -
    0:00 Intro
    0:56 Personal updates
    1:36 Prop trading account mt5
    2:06 What is a prop firm
    2:33 The 5%ers account explained
    2:58 Prop firm trading account risk strategy
    3:43 Live trade recap- Why I took the trade
    4:57 Intraday trading strategies technical analysis
    5:28 Calculating trade plan
    6:15 Adding IPL trading indicator
    6:45 Setting my trade order, stop loss and take profit
    7:31 Analysing the live trade momentum- Adding to my position
    8:16 Trailing my stop loss and reviewing the live trade
    9:40 Trade result
    10:00 How I managed my losing trade
    10:49 Conclusion
    I started day trading stocks with Warrior Trading in July 2018.
    Since then, my trading journey has led me to day trading Forex where I continue to develop as a profitable Forex trader.
    In this video I share how to stop losing trades by taking you through my intraday forex trading strategy step by step and how I managed to exit a losing trade.
    Firstly we look at intraday forex trading strategies, then I take you through my process of risk management.
    This video is great if you want to learn more about how to stop losing trades, how to manage risk whilst day trading forex and how to protect your trading account capital.
    I hope you enjoy!
    - OTHER TRADING VIDEOS -
    👉 My Forex Trading Recap Videos (PLAYLIST)- bit.ly/33fLRFF
    👉 New Trading Setup! Tri-Screen Monitor For Laptop - • New Trading Setup! Unb...
    👉 10 Trading Tips for Beginner traders • 10 Forex Trading Tips ...
    👉 Tradingview tutorial for beginners • TRADINGVIEW TUTORIAL F...
    👉 Magic Keys On Screen Digital Review - • Magic Keys On Screen D...
    👉 6 Best Platforms to Trade FOREX - • 6 Best Platforms to Tr...
    👉 How to Start as a Forex Trader • How to Start as a Fore...
    👉 FTMO Vs My Forex Funds - • FTMO Vs My Forex Funds...
    👉 BEST Backtesting Software for Trading FOREX - • The BEST Backtesting S...
    👉 The 5ers HONEST REVIEW - • The 5ers HONEST REVIEW...
    You will like this video if you are interested in:
    - forex trading for beginners UK
    - day trading for beginners UK
    - Forex price action strategies
    - intraday forex trading strategies
    - intraday forex trading for beginners
    - intraday forex strategy
    - intraday forex trading strategies for beginners
    - risk management trading forex
    - risk management strategy in trading
    - how to stop losing trades
    - how to exit a losing trade
    - how to deal with losing trades
    - how to manage losing trades
    - intraday trading for beginners 2024
    - day trading for beginners 2024
    If you enjoyed this video, please LIKE and SUBSCRIBE for more videos! ✔️
    Thanks!
    Emily
    - Mindfully Trading -
    // DISCLAIMER
    This video is for entertainment and educational purposes only. I am not a financial advisor and I am not telling you where or when to take a trade. I express my personal opinion only. Trading financial markets involves risk. I am not responsible for any losses incurred due to your trading. I do not recommend any specific trade or action, and any trades you decide to take are your own
    #forextrader #intrdaytradingtipsforbeginners #daytradingforbeginners #forextradingstrategies

Комментарии • 40

  • @MindfullyTrading
    @MindfullyTrading  2 месяца назад

    Remember to grab your FREE Forex Trading Plan here bit.ly/3eJgx6Y

  • @agiugabenson7268
    @agiugabenson7268 4 месяца назад +8

    Showing how you managed an unsuccessful trade is probably more useful to us than only showing successful ones. So thank you.

  • @supremevision631
    @supremevision631 2 месяца назад

    You’re teaching style is top notch

  • @mattstanbridge
    @mattstanbridge 4 месяца назад +1

    I think price was always likely to go down, price took liquidity at 14:30 and drove down, but never quite got as far as the low of the 4h 10am candle, a sign that there was more downside to come.

  • @MORGANmfx
    @MORGANmfx 4 месяца назад +3

    I just signed up on the 5er
    So far it's been good
    Thanks alot

  • @timhendriks4331
    @timhendriks4331 4 месяца назад +1

    Thank you for sharing your insights thru all your videos! A true inspiration! 🙂 Just bought your ebook today; cannot wait to dive into it. Cheers from the windy Netherlands!

    • @MindfullyTrading
      @MindfullyTrading  2 месяца назад

      Thanks for the lovely message, I hope you enjoy the book! Let me know how it goes 🙏

  • @urbantrader7628
    @urbantrader7628 4 месяца назад

    thanks a lot . I have a question . why did not you move the SL of the first position to BE as the second one rather than half risk. Is it in your plan?

  • @BasanyukaFx
    @BasanyukaFx 4 месяца назад +1

    Thanks for the video. Uganda loves you 🥳🥰

  • @charlesannor9334
    @charlesannor9334 4 месяца назад

    thanks

  • @YannyKo13
    @YannyKo13 2 месяца назад

    Does it help if you slowly reduce the size of your position too?

  • @abukalidh613
    @abukalidh613 4 месяца назад +1

    Hi
    Thanks for video, is it your book only for biggenners

    • @MindfullyTrading
      @MindfullyTrading  2 месяца назад

      You're welcome- The first few chapters are going over the basics aimed for beginners, but then it develops into intermediate to advanced topics, looking at charts and strategies. Hope this helps! 👍

  • @giovannilouis7947
    @giovannilouis7947 4 месяца назад +1

    A great to read as well> from Tom Hoogard

  • @salvatoredibenedetto34
    @salvatoredibenedetto34 4 месяца назад +1

    Dear Emily, how do I get in touch with you? Thanks in advance.

    • @StephennCook
      @StephennCook 4 месяца назад +1

      Why don't you attach your mail address so that she can text you from there 🤷‍♂️, that's what I have done and I am waiting for her mail very soon

    • @salvatoredibenedetto34
      @salvatoredibenedetto34 4 месяца назад +1

      Let me know if she gets back.@@StephennCook

    • @StephennCook
      @StephennCook 3 месяца назад

      Yes she has. ​@salvatoredibenedetto34

  • @TangeniFX
    @TangeniFX 4 месяца назад +1

    You are good at managing your risk,just looked at your loss

  • @colinhagan4378
    @colinhagan4378 4 месяца назад +1

    I sent you a Email, did you get it ?

  • @outoftime788
    @outoftime788 4 месяца назад

    oh my! hot hot hot!

  • @marysergio8644
    @marysergio8644 4 месяца назад +2

    Excelente video. ¡Gracias por mantenernos educados financieramente! Para tener éxito en el comercio de divisas como principiante, necesita videos como este, especialmente conectarse con el experto profesional adecuado, Stuart Michael, quien lo guiará para obtener buenas ganancias. Acabo de comprar mi primera casa a través del comercio.

    • @richardmella9701
      @richardmella9701 3 месяца назад

      Invertir en muchas fuentes de ingresos que sean independientes de los cheques de pago del gobierno es lo prudente en lo que todos deberían pensar en este momento, especialmente dada la crisis económica mundial. Las acciones, el forex y las monedas digitales siguen siendo buenas inversiones en este momento.

    • @edgartoapanta3122
      @edgartoapanta3122 3 месяца назад

      Por favor, ¿cómo puedo ponerme en contacto con Stuart MIchael? He escuchado demasiadas críticas buenas sobre él.

    • @claudiageronimo2492
      @claudiageronimo2492 3 месяца назад

      Claro, invertir es esencial para mantener su estabilidad financiera, pero realizar cualquier tipo de inversión legítima sin el asesoramiento correcto de un profesional también puede resultar en una pérdida significativa.

    • @zainaali4399
      @zainaali4399 3 месяца назад

      Sigo viendo buenas recomendaciones sobre Stuart Michael. Debe ser realmente bueno.

    • @antoniorojas1556
      @antoniorojas1556 3 месяца назад

      Sí, lo conozco, he colaborado anteriormente con Stuart Michael y, como estudiante de su academia de oficios, tengo acceso a una gran cantidad de sus archivos PDF. Gracias a su orientación y tutoría, tuve bastante éxito en la industria.

  • @traderswithedge
    @traderswithedge 4 месяца назад

    Hey there @MindfullyTrading! 👋 I'm with Traders With Edge and we've been truly impressed with the content you've been putting out. We'd love to offer you a prop challenge account to test our platform. If you're interested, after reviewing it, we're even considering arranging a special challenge account giveaway exclusively for your subscribers. Think it could be a fun collaboration? Let me know how you feel about this and if you'd like me to set everything up for you! 🚀