👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money. 👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @). 👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
Great advice mate. Spent a few months finding a strategy that worked trying to be too clever by far. What I've come to realise is just as you say, don't overthink it and keep it simple. I trade with the trend purely price action based no indicators and its working great. I won't have a brand new Tesla in the driveway next week but I may in a few years if i continue to use the proper risk management.. Anyway great material
Get in buy - sell on a coin toss does not matter.When you get 3 pips ahead break even and forget,close after a couple of weeks.If it never reached 3 pips close at the of the day or when the 4 hour gives a candle in your favor.of course do not risk everything 1/4 of your account is reasonable
It does give you some ideas and basis to built on. Don't expect it to be the holy grail! Nothing can substitute years of experience - each one of us has to go thru that journey!
@Mark - Amazing stuff. Thank you 🙏. Question- a lot of trader when they make trade, they look to the left candle to see how did the market reacted previously to this price and then trade accordingly. Do you have a little bit of knowledge/experience on this strategy. Pros vs Cons. Thanks a bunch Mark !!😊
Great advice from a pro. I failed to get in the black with Eod Forex day trades so now with lots of risk stop management eg doubling up on confirmed trends actively loosening and tightening stops or just getting out of markets going range bound Now focussed on only trading DOW DAX and NAS on two min TF.as nowadays there will be as many opportunities to go short as go long. The trend is my friend because at best I can only catch waves that are created by the market movers. Taking lots of small bites out of bigger moves because it's about accumulating and no one harvests whole swings. Is there free back testing software out there ? I need to reduce weak trades and increase the strong ones by analysing my what when and why's!
How do I learn how to evaluate a business? I tried reading books but I didn’t understand anything. Books like the intelligent investor and a random walk down wolf street were only about history of the stock market.
I do enjoy your videos, but it's hard not to question your credibility when you talk about a 3:1 RR ratio and a 50% win rate. That combination simply does not exist over the long term.
Number 4 is BS. Jim Simons says most traders use their strategy as "advice" and don't follow it 100%. That's why they fail. I'm guessing Simons has had more success than this guy.
If you can see on the chart that it is a "range bound market", all you really see is that has been a range bound market up until this point. You don't know what's gonna happen next. That's why you follow your system every single time. Range bound markets leads to trending markets, and trending markets leads to ranging markets.
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
If you reading this I pray you find the perfect strategy. For the first time in RUclips, I'm the first to view and comment
I think asking myself when finding value is a market I am finding in finding a strategy for myself.
Great advice mate. Spent a few months finding a strategy that worked trying to be too clever by far. What I've come to realise is just as you say, don't overthink it and keep it simple. I trade with the trend purely price action based no indicators and its working great. I won't have a brand new Tesla in the driveway next week but I may in a few years if i continue to use the proper risk management.. Anyway great material
I'm thinking of using trading to earn a living. I live minimally. Is it possible?
Can you maybe show me your myfxbook?
Spot on 👍
My effective strategy: Remove all bs indicators : macd, rsi,............. Learn to read price action.
Strategy that works is when you made money by the end of the year. Lol
You answered my question perfectly. Thank you. Time to apply what I have learned now. 😃
what is your thought on indicators like supertrand do they work
Thanks man you totally changed my mindset...
Most of the money i have loosed is from jumping to strategy to strategy every 2days
Lots of value, thanks for sharing!
Awesome advice! Thanks Mark
"He will win who knows when to fight and when not to fight." - Sun Tzu ..
Excellent advice - thank you!
Get in buy - sell on a coin toss does not matter.When you get 3 pips ahead break even and forget,close after a couple of weeks.If it never reached 3 pips close at the of the day or when the 4 hour gives a candle in your favor.of course do not risk everything 1/4 of your account is reasonable
Ty Mark, Great content!!
My feeling now is that trend strategies for forex don't work now. Too short lasting trends. Too many currency pairs in sideways movement.
Fantastic advice!
thanks for sharing this video
Great Mark, does your course teach everything you need to know about 1 or 2 strategies?
It does give you some ideas and basis to built on. Don't expect it to be the holy grail! Nothing can substitute years of experience - each one of us has to go thru that journey!
Yes there is something working all the time....
Thank you very much
@Mark - Amazing stuff. Thank you 🙏. Question- a lot of trader when they make trade, they look to the left candle to see how did the market reacted previously to this price and then trade accordingly. Do you have a little bit of knowledge/experience on this strategy. Pros vs Cons. Thanks a bunch Mark !!😊
Great advice from a pro. I failed to get in the black with Eod Forex day trades so now with lots of risk stop management eg doubling up on confirmed trends actively loosening and tightening stops or just getting out of markets going range bound Now focussed on only trading DOW DAX and NAS on two min TF.as nowadays there will be as many opportunities to go short as go long. The trend is my friend because at best I can only catch waves that are created by the market movers. Taking lots of small bites out of bigger moves because it's about accumulating and no one harvests whole swings.
Is there free back testing software out there ?
I need to reduce weak trades and increase the strong ones by analysing my what when and why's!
can you recommend a list of books regarding strategies? thanks
Some recommended books here ruclips.net/video/NlVz9KwgvU0/видео.html
How do I learn how to evaluate a business? I tried reading books but I didn’t understand anything. Books like the intelligent investor and a random walk down wolf street were only about history of the stock market.
Try reading ‘macroeconomics for dummies’
🧡💛💚💙 Great topic, more of these similar
should you bother with the mastermind group if youre in a different country/market? for example im in the asx - australia.
Yes, should definitely also prove useful.
how can you have a 3 to 1 risk reward when you are a scalper
Risk 5 pips for 15 lol. I think he scalps and day trades, scalp until setup is ready to hold trade longer
he has never said he is a scalper only.
Simple, your stop loss is -10 cents from your entry and then your profit target is + 30 cents from your entry there is your 3 to 1 .
I recently came up with a profitable strategy which I have backtested. Could I send the strategy to you and get your opinion on it?🙏🏾
Yes, send it to traderATfinancial-spread-betting.com (remove the AT and substitute by @)
Can anyone recommend a broker that does mini indices (us30 etc) with low margin requirements, prob Australian.
Pepperstone have an Australian operation - use the link in the description.
Any amazon free and paid books please?!?
Some recommended books here ruclips.net/video/NlVz9KwgvU0/видео.html
I do enjoy your videos, but it's hard not to question your credibility when you talk about a 3:1 RR ratio and a 50% win rate. That combination simply does not exist over the long term.
Number 4 is BS. Jim Simons says most traders use their strategy as "advice" and don't follow it 100%. That's why they fail. I'm guessing Simons has had more success than this guy.
If you can see on the chart that it is a "range bound market", all you really see is that has been a range bound market up until this point. You don't know what's gonna happen next. That's why you follow your system every single time. Range bound markets leads to trending markets, and trending markets leads to ranging markets.