A Day in the Life of my 2020 Future Self

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  • Опубликовано: 28 авг 2019
  • ➢ Trading Platform I Use: www.tradingview.com/?offer_id...
    ➢ Brain FM: 20% off code “michaelbamber” brain.fm/michaelbamber
    ➢ Recommended Resources: kit.co/michaelbamber/
    🔥Get $10 FREE Credit with Notion:
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    I wanted to take you behind the scenes and show you what a Day in the Life of a Full Time Forex Trader looks like, as my Future Self in 2020.
    ---------
    Socials
    ➢ Instagram: / michaelbamber
    ➢ Subscribe on RUclips: / michaelbamber
    ➢ Tradingview: uk.tradingview.com/u/michaelb...
    ---------
    Mentioned in the video
    ➢ Where i'm learning to trade: falconfx.co.uk/
    ➢ Trading Platform: tradingview.go2cloud.org/SH3oQ
    ---------
    Recommended Books
    ➢ My #1 Recommended Trading Book: amzn.to/2mfVYFf
    ➢ The #1 Psychology Book: amzn.to/2Limc4W
    ➢ Currently Reading: amzn.to/2Mntp74
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    #Forex #ForexTrading #DayintheLife
    Count: 13,772

Комментарии • 423

  • @MichaelBamber
    @MichaelBamber  4 года назад +52

    Hey Guys! Super excited about releasing this video! I've had a vision about creating this for a few months now which started off as a simple drawing in a notebook. I hope you enjoy the video and hopefully provides value for you to takeaway 🙏😀 Let me know what you think below and any suggested videos to create in the near future 🎥

    • @rodjames5771
      @rodjames5771 4 года назад

      Such a great video Michael - thank you for making this one. Super inspiring

    • @siyabongajunior8618
      @siyabongajunior8618 4 года назад +2

      Man please teach forex for A-Z that will make us very happy and give us all the tips and tricks so that we are also successful.

    • @MichaelBamber
      @MichaelBamber  4 года назад

      @@rodjames5771 Thanks so much man i really appreciate that 🙏

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      @@siyabongajunior8618 Hey man, i'm not successful yet but on the journey. Check out Falcon man that's where i learn 🙏

    • @aaqilyare7758
      @aaqilyare7758 4 года назад +1

      That was a super and great video. Thank you my mentor.

  • @patienttrader1244
    @patienttrader1244 4 года назад +43

    You WILL be successful because you already ARE successful! Just the amount will change.

    • @MichaelBamber
      @MichaelBamber  4 года назад +4

      Ah thank you, i really appreciate that 😀❤🙏

  • @ianjresells
    @ianjresells 4 года назад +4

    Another brilliant video Michael, so much value there. You're on track to the top level and will remain at the pinnacle of success for a very long time, in all aspects of life. Thanks mate, peace out!

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Thank you man i really appreciate that Ian! Peace out brother, thanks for the kind words ❤

  • @mackensij171
    @mackensij171 4 года назад +1

    It was really inspirational Michael, please keep making such contents. Thank you man

  • @Nijnvenijn
    @Nijnvenijn 4 года назад +3

    Awesome stuff Michael! Seeing how much work is put in it’s inevitable that results will come. 👌

    • @MichaelBamber
      @MichaelBamber  4 года назад +2

      Thank you so much, really appreciate that. They're inbound 🙏

  • @iGunz2AndRoses
    @iGunz2AndRoses 4 года назад +2

    I like the routine and consistency. Motivates me to work even harder towards my goals. Nice video, big ups

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Thank you, really appreciate that a lot :)

  • @ZeibGamer
    @ZeibGamer 4 года назад +5

    Absolutely Loved your video and your passion. You are my inspiration ❤️

  • @pelangifx3686
    @pelangifx3686 4 года назад +1

    thank you for sharing your 🆃🅴🅲🅷🅽🅸🆀🆄🅴🆂 and 🅴🆇🅿🅴🆁🅸🅴🅽🅲🅴

  • @TheKIDLongboarding
    @TheKIDLongboarding 4 года назад +3

    Good work man! I'm really impressed! you keep me moving forward!

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      Hey Ricardo, super grateful for that thank you!

  • @simomabuza1509
    @simomabuza1509 4 года назад +3

    And I just saw this...Real work man nice I must saying I've been on the same transition and it'd be good to work with another master mind at it

  • @anthonycarlin3452
    @anthonycarlin3452 4 года назад +12

    legend in the making :P love your content mate

    • @MichaelBamber
      @MichaelBamber  4 года назад +2

      Thanks mate 😜 Really appreciate that 🙏

  • @kofiisaac6747
    @kofiisaac6747 4 года назад +3

    Thank you very much for this awesome piece. Lots of value, keep up the good work Mike and all the best in becoming a full time consistently profitable trader. You've got this

  • @ibbyansari2612
    @ibbyansari2612 4 года назад +2

    Love it brother!! Fantastic and inspiring video mate!

    • @MichaelBamber
      @MichaelBamber  4 года назад +2

      Thanks so much brother 🙏🔥❤

  • @jakeparrott3829
    @jakeparrott3829 4 года назад +5

    Keep up the great work 👍🏻 keep the vids coming as well, like seeing the development

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      Hey Jake! Thanks man i really appreciate that gonna keep them coming

  • @lehumosemenya4343
    @lehumosemenya4343 3 года назад +1

    Great content and you being an incentive is truly admirable. It’s that the video has little content that is entertaining. Got bored through out the video but i really like your intention

  • @IncomeLounge
    @IncomeLounge 4 года назад +3

    Amazing video I know you will reach your goals by seeing your dedication.

  • @mariodecarvalho1
    @mariodecarvalho1 4 года назад +2

    Great video Michael. Loved the balance. ⚡️

  • @warrenmaugo4489
    @warrenmaugo4489 4 года назад +1

    You inspire me everyday on this trading journey!

  • @tivoughnsmart9913
    @tivoughnsmart9913 4 года назад +1

    Love the monitor 😍😍

  • @HitManReek
    @HitManReek 4 года назад +1

    That was sexy trade set up bro keep it coming 💪💪

  • @oliben121
    @oliben121 4 года назад +1

    nice video my man, love your vision, I hope you are discipline like this video in the future. Im trader myself in the same situation where im getting closer everyday to quit my 9-5. Keep grinding bro!

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Thanks Oliver, i appreciate that! Boss, lets get it man keep me updated with how you get on

  • @jirawatkongplan6859
    @jirawatkongplan6859 4 года назад +2

    Thank you for amazing video man!
    Already subscribe😁

  • @markmendis5951
    @markmendis5951 4 года назад

    Great to a fellow price action trader without any indicators.#keep up

  • @branimirsisko3907
    @branimirsisko3907 4 года назад +2

    GREAT VIDEO MAN! Just keep doing that... I see you are very good at using trading view ,could you make some turitorial how to use it ?

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      Thank you man! Yes for sure i'll definitely do that at some point soon :)

  • @DadMakesDoughMakeMoneyOnline
    @DadMakesDoughMakeMoneyOnline 4 года назад +42

    Love it man! Really inspired me to become my own boss, make my own money and beat the 9-5 rat race! Thanks so much for the motivation! ❤️

    • @MichaelBamber
      @MichaelBamber  4 года назад +5

      Love that man thank you for that so grateful! keep me updated with your journey man ❤

    • @DadMakesDoughMakeMoneyOnline
      @DadMakesDoughMakeMoneyOnline 4 года назад +1

      @@MichaelBamber thankyou so much man! I appreciate the support

    • @MichaelBamber
      @MichaelBamber  4 года назад +2

      @@DadMakesDoughMakeMoneyOnline You're very welcome man. Much love ❤

  • @johnnychng2470
    @johnnychng2470 4 года назад +3

    You are simply awesome Michael.I liked the way u explained the trade.Keep up the good work .You will be a very successful trader. : ) (Johnny Trader from Singapore)

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Hey Johnny! Thank you man much appreciated words :)

  • @YanTingCheung
    @YanTingCheung 4 года назад +2

    very informative ... Thank You!!

  • @samit265
    @samit265 4 года назад +1

    Hey, Great content. Been looking for a UK trader for some time. Could you do a video on your set-up?
    The platform you use. Useful apps, news sources etc.

  • @Yogesh57832
    @Yogesh57832 4 года назад +2

    All song are very energetic 😍😍

  • @Chi-uk7zl
    @Chi-uk7zl 4 года назад

    Can see you're not quite there yet, but seeing your mindset and the amount of discipline on how you trade, it shouldn't be too long. :D

  • @betokrx
    @betokrx 4 года назад

    I Follow you from Bolivia, you are an amazing trader

  • @scottcollings6912
    @scottcollings6912 4 года назад +2

    Hey Michael, awesome video mate and great to see your journey progressing! Was interested in what journalling software you use? Is that on slack? Cheers mate, keep up the hard work!

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      Hey Scott! Thank you man much appreciated! It's called "Notion", really good app and it's free up to a certain storage limit so really useful

  • @Luna-ed8re
    @Luna-ed8re 4 года назад +2

    To be able to share other people your thoughts and experiences, I see that you really love self-improvement and have been through a lot of self-reflections. You've done well! I think what you are doing is a very powerful way to manifest what you want and who you want to be.
    I'm really grateful for your existence. ^ /\ ^

  • @dalliboyrt9927
    @dalliboyrt9927 4 года назад +1

    True inspiration 😊

  • @divanvanniekerk5101
    @divanvanniekerk5101 4 года назад +1

    Insane work ethic

  • @bentlytan
    @bentlytan 4 года назад

    Great! One trade determine the Future Self !

  • @satishharyan254
    @satishharyan254 4 года назад

    Inspirational video... Please if possible share some long trade setup also...

  • @unitedskills6841
    @unitedskills6841 4 года назад +1

    hi @Michael Bamber, i like your skill and your professional approach to trading. can you give me a link to your analysis or your 'before and after' screenshots?

  • @JMuney44
    @JMuney44 4 года назад

    Great video! How do you execute your trades as in the UK Trading View doesn't allow that to happen.

  • @khoonghoong1233
    @khoonghoong1233 4 года назад

    Hi Michael, thanks for the video sharing. I’m intend to start trading just to ask that where did u learn all the strategies and platform you used as I hope to well prepare myself before I start while not jump into it without knowledge

  • @MultiDisposition
    @MultiDisposition 4 года назад

    I noticed you posting up your trade. Is that in the FalconFX chat blog? Thanks and nice work. Recently stumbled across both you and Falcon (:

  • @staceyhemingway8255
    @staceyhemingway8255 3 года назад +1

    keep up the good work my man, we used to play in the regional /prem tour together back in the day .. if you can excel at snooker and fishing, you won't have a problem at forex;) keep it up bro!

    • @MichaelBamber
      @MichaelBamber  3 года назад +1

      Hey mate! Thats crazy haha, small world! How did you come across my channel haha? Haha it's been a tough journey but we edge closer! You too bro!

  • @nanafosu6130
    @nanafosu6130 4 года назад +1

    Do you use mt4? Showing actual entries and lot sizes, That'll be cool?
    Great video though. We're at a similar level and this had a lot of value. Thanks

  • @oscarsanchez3201
    @oscarsanchez3201 4 года назад +2

    why am I proud of him, maybe because I see myself...

  • @rohitsinghpardeshi8903
    @rohitsinghpardeshi8903 4 года назад

    Awesome video brother
    Can u please make more videos on trade recap
    And my second question was u take trade only with the help of price action or you use another indicator or all? Help me

  • @brianraliphaswa5220
    @brianraliphaswa5220 3 года назад +1

    thank you

  • @thescruffytrader
    @thescruffytrader 3 года назад +1

    The secret to trading is discipline, its not a easy road and certainly not get rich quick. Took me over 10 years to start earning a good living

  • @petrusshakaalela2292
    @petrusshakaalela2292 4 года назад +1

    Thanks so much for keeping us always brother may you please make a video of you forecasting only forecasting ONLY

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Hey Petrus! Check out my video that i did a couple months ago that was specifically on forecasting "How to forecast Market Direction" 🙏

    • @petrusshakaalela2292
      @petrusshakaalela2292 4 года назад

      @@MichaelBamber okay thank you brother

  • @yussufsharif4913
    @yussufsharif4913 4 года назад +1

    Great video

  • @mikegroot1990
    @mikegroot1990 4 года назад +1

    Again a great and truly inspiring video Michael!🙌 Guess who will be the next Falcon FX Coach?😂

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Thanks man and hahaha, nothings set but im working on it 😂🙏❤

  • @ครูต้องซ่วย
    @ครูต้องซ่วย 4 года назад +2

    You are my idol for me.❤️❤️❤️❤️❤️

  • @ahmadshahir1640
    @ahmadshahir1640 4 года назад +1

    Amazing video man! Keep it up!
    May I ask what the name of the app/ program is that you're using so save your thoughts and emotions about trades?

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Thank you Ahmad, it's called Notion 🙏

  • @beastmode5380
    @beastmode5380 4 года назад +3

    first off, I always get inspired by motivation videos and stuff. But I bumped into your vid now and you're exactly where I need to be and you're doing all that's been in my head quite a long time and not executing.... so thank you for being that mirror. and so very true so many people don't know or don't understand the amount of work that goes into properly being an efficient forex trader. all the very best mate hopefully we'll meet at Starbucks 09september 2020 09:25 :)

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      Hey! Thank you i really appreciate those words there, you're very welcome. Sometimes you just need that 'push' to then go after what you want. Thanks mate i'm sure we will :)

  • @rhanirsanfo2553
    @rhanirsanfo2553 4 года назад +1

    Hello Michael! I would like to thank you for all the amazing content you share with us. Can you show me the way to backtest with tradingview? I don't understand english well so a pdf will be more useful than videos. Thanks.

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Thank you i really appreciate that! I have a backtesting video so definitely check that out, as theres words on screen and you'll be able to see the process of how i do it. Hope that helps and will bear that in mind for future content

  • @MrHamster1982
    @MrHamster1982 4 года назад

    Hi Micheal, great video. I myself am working towards being a full time trader too. Keep it going I have so much to learn from you

    • @vvm101
      @vvm101 4 года назад

      Newbie Sim Racer don’t be a sucka ! They don’t make money trading ! They make money making RUclips videos

    • @MrHamster1982
      @MrHamster1982 4 года назад

      @@vvm101 trading has replaced half of my income so far. Guess you are not a trader, because if you are you can relate what they are doing here. Anyway he's still learning the title says for itself, so shut the F**k up.

    • @chrisj1909
      @chrisj1909 4 года назад

      Newbie Sim Racer how long have you been doing it bro??

    • @MrHamster1982
      @MrHamster1982 4 года назад

      @@chrisj1909 coming to 2 years now.

    • @chrisj1909
      @chrisj1909 4 года назад

      Newbie Sim Racer oh wow already replacing half your income, nice work

  • @jackwalsh985
    @jackwalsh985 4 года назад +1

    Great video mate , if you don’t mind me asking what do you use to do your trade reviews etc ?

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Thanks mate! & i've just started doing it on IG @michaelbamber - I'm out of EURGBP short on both trades now so i'll be doing a trade recap on there in the next few days or at the weekend :)

  • @jozaplecnik
    @jozaplecnik 4 года назад +1

    So much value Michael, keep it up. Do you trade two separate accounts for each style or do you just take two trades on same account?

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Thank you! Yes two seperate accounts, longer term approach is a different style of management so it's more 'set and forget', let the structure do its thing

  • @user-bd3cf4cb4x
    @user-bd3cf4cb4x 4 года назад +1

    Hello!
    I am 21 years old who lives in Japan.
    I would like to comment on the views of overseas traders.
    What are your most important trades?

  • @lonewolf434
    @lonewolf434 4 года назад +1

    Mate, for a lad your age you really are exemplary! Well done. How did you learn trading? Any books, websites, sources etc you can recommend?

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      Hey D, thank you i really appreciate that massively 😀🙏 I learnt/am still learning with falcon trading guidance, definitely reccommend checking them out. Books so far that have helped: Trading in the zone - Mark Douglas, Chimp Paradox Dr Steve Peters (Psychology)

  • @juwop6011
    @juwop6011 4 года назад +1

    Great video bro can give some guidance on your rules and techniques?

    • @MichaelBamber
      @MichaelBamber  4 года назад

      For sure man i'll do that in the future for sure

  • @anjanbabu4625
    @anjanbabu4625 4 года назад

    12:41 song and what he writes on board syncs. Just that one word! :)

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      Had to replay it to check, haha agreed 🙏 'Focus"

  • @RUSSODIMITRI3
    @RUSSODIMITRI3 4 года назад

    hello dude, nice video nice way to trade and analyze the market. please i tray to learn more about this amazing world, how cam i to get a good preparation like you. ? thanks, if you know in spanish its good for me too.

  • @codyjohnson7066
    @codyjohnson7066 4 года назад +1

    My recommendation would be to learn naked price action. Trendlines aren't going to get you far.

  • @manikandanrangasamy5230
    @manikandanrangasamy5230 4 года назад +1

    excellent

  • @ulc0440
    @ulc0440 4 года назад

    How do u acc trade in tradingview and not see the charts

  • @SameerKhan-xb1hj
    @SameerKhan-xb1hj 4 года назад

    you are good tredar

  • @lovegod3034
    @lovegod3034 4 года назад +2

    Nice Video Micheal , Am always Innspire Watching your video , but I Live your Lifestyle Man
    And what are the Time frames you use ?

    • @MichaelBamber
      @MichaelBamber  4 года назад +2

      Thank you brother! I use Weekly, Daily, 4H but 1H and 15min for entry

    • @alexrob5592
      @alexrob5592 4 года назад +1

      Do u have a fix SL and TP?

  • @jsp9876
    @jsp9876 4 года назад

    Awesome video mate, really motivating! Can I ask what keys/ feature in TradingView allowed you to replicate price action (in yellow) at 28:12 - 28:16??

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Thank you mate! Yes, it's called 'Bars Pattern' tool in tradingview. Really good for forecasting.

  • @forceful36912
    @forceful36912 4 года назад

    Hello, can you give me matrix information about fractions on the Turkish stock market, thank you

  • @aaqilyare7758
    @aaqilyare7758 4 года назад +2

    Thank you mentor it's clearly got well improvement.

  • @GodsCreateRadio
    @GodsCreateRadio 4 года назад

    Very nice video

  • @yussufsharif4913
    @yussufsharif4913 4 года назад +1

    Micheal I'm soooo interested to get impulse nd correction strategy.plz how can I learn???? I'll need materials or a way to join falcon student.,plz guide mh

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      Hey man, yeah definitely check out falcon if you resonate with the style. There's a bunch of free content on their IG and RUclips pages, and if you're wanting to join the community you'll be able to do that too 🙏

  • @tokofora
    @tokofora 4 года назад

    What's software to make note about trading journal?

  • @shadikordi2149
    @shadikordi2149 4 года назад +1

    Brofesor 👍

  • @nc4576
    @nc4576 4 года назад

    What is your monitor you have there. And is there any you would recommend for a beginner trader. loved the video man

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Thank you Nicholas! I have a samsung 27 inch curve monitor and yeah decent monitor, cheap price and overall happy with it. There may be newer versions so that wouldn't be a bad option

  • @cryptonews5598
    @cryptonews5598 4 года назад +1

    good luck

  • @matheusavmelo17
    @matheusavmelo17 4 года назад +1

    Muito bom !!

  • @Daniel-er6zv
    @Daniel-er6zv 4 года назад

    Hey man what app are you using at min 10:01 because i didn’t Find it in falcon course

  • @aaronhorlock7576
    @aaronhorlock7576 4 года назад +1

    hey man im 16 and i have the goal of being a forex trader when i turn 18 - i was wondering if we could get in touch where you can help me learn in some way ?

  • @evankeane1769
    @evankeane1769 4 года назад +1

    What software are you using for your trading journal, I'd like to use it!

  • @JT-rt9pu
    @JT-rt9pu 4 года назад

    well done video

  • @yussufsharif4913
    @yussufsharif4913 4 года назад +1

    Micheal plumber a great man indeed.i wish to massage uh from here.nd I appreciate ur reply plz.i need education on how to do ur strategy patterns.plz guide mh

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Hey man1 Thanks for the message. Check out Falcon Trading Guidance man as thats where i learn to trade, and it's been so helpful so far! Super super valuable

  • @SSToor
    @SSToor 4 года назад

    Traded crypto from feb 1 to around june this year, made 3x. Then one evening I was sitting on couch watching tv, I thought to myself, what if I trade now, i can perhaps make some more money, came out to be the worst decision, lost 40%, I just put my money into a coin that was falling without any technical analysis as I was tired and wanted a quick buck (I dont know why). It was really hard to get started again, motivation was gone and its been 3 months since. What I basically did from feb to june, a lot of technical analysis and then take profits if coin hit 4% or lost 2%, I picked the coins that were in the play and being traded heavily. I traded btc/alts and after the trading day, all my portfolio was converted into usdt, so when i was sleeping, I couldn't lose anything. When I start trading again I will always convert my portfolio into usdt so I can sleep peacefully, will start next year again, have to focus on other things for now. :)
    edit: I lost 40% over like 3 days, my money was in an altcoin, so during that mini crash, not only the alt lost it's value, but so did the btc.

  • @kalpeshsolanki974
    @kalpeshsolanki974 4 года назад

    What is the significance of 3 touches in this flag patterns?

  • @anjanbabu4625
    @anjanbabu4625 4 года назад

    bro my hollow candles on TradingView sometimes shows the wrong color. Here are the two images.
    Image1: www.tradingview.com/x/rzPKKt42/
    image2: www.tradingview.com/x/DWRaiZfg/
    The market gapped up that day. But this a weird behavior I noticed. Can you add on this?

  • @asddd96ify
    @asddd96ify 4 года назад

    Hi dude, what's the main timeframe u using

  • @myfren90
    @myfren90 4 года назад +1

    Can you recommend some videos for learn your strategy
    I willbreally appreciate

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      Hey Keithen, in terms of strategy wise i learn from Falcon so you'd have to become a member to see the content on the website. However, there is a tonne of free content on their instagram and youtube page too so definitely check that out for free content (falcontradingguidance). In terms of books, 'Trading in the zone' is really good and helpful, with the psychology of trading which is super important.

    • @myfren90
      @myfren90 4 года назад

      Thanks Michael

  • @buddhaboy8877
    @buddhaboy8877 4 года назад

    Which broker r u using

  • @loudfx4428
    @loudfx4428 2 года назад

    At @6:12 what software are you using for the journal?

  • @thodorisioannidis6616
    @thodorisioannidis6616 4 года назад +1

    Dude neffex4life!!!

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      Haha dude you know it! Neffex are sick, my current gym vibessss 🔥👊

  • @yussufsharif4913
    @yussufsharif4913 4 года назад

    Hi.micheal I have already paid my subscription to falcon nd I can't access to them.what is happening

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Hey Yussuf! If you'd paid for a subscription through the website you'll have the same username/email and password to sign back into your account.

  • @nadgershideout1736
    @nadgershideout1736 4 года назад +2

    Dude you still paying the FalconFX?

  • @garethellis3711
    @garethellis3711 4 года назад +4

    How do you account for brexit related risks on pound pairs? Great content as ever!

    • @MichaelBamber
      @MichaelBamber  4 года назад +2

      Don't focus on it too much because the direction of the market is always decided in advance, so i let the structures tell me where price is likely to go. But if theres some big brexit news announcement, i wouldn't be taking a trade naturally because of the volatility. But if i was already in a trade, i'd still stay in just make sure i have the risk off of the table and manage accordingly

    • @jeffersonnwosu3131
      @jeffersonnwosu3131 4 года назад +1

      @@MichaelBamber you're really a nut cracker at this bro,wish I can copy your brain and download/update Into my Brain too..hahaha lolz..

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      @@jeffersonnwosu3131 Haha thanks man, not there yet but getting there slowly. Just gotta continue putting in the work man we'll both get there!

    • @NoName-ny1bt
      @NoName-ny1bt 4 года назад +1

      Michael Bamber that makes no sense. How can the direction of the market be decided in advance by just price structures? It’s all about the fundamentals that’s driving the markets. Use technicals only for entry and you’re better off not going long in pound because a no deal brexit will further plummet pound against all currencies which is more than likely.

    • @phillipkleopas7230
      @phillipkleopas7230 4 года назад

      @@NoName-ny1bt I agree with Michael. Fundamentals only affect the market direction depending on how the big guns react to it. Having that said, a negative fundamental does not always guarantee that the pair will crush, hence we just let the market play out.

  • @bgtheking4083
    @bgtheking4083 4 года назад +1

    What is ur method of analysis ? It looks like wave analysis i've seen...

  • @qtech2179
    @qtech2179 4 года назад

    It all works out towards knowing at what entry point is to enter in for a price-movement. If that skill will take more than a month to master then it's made overly complicated.

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      From an outside perspective it probably seems that way. But technicals themselves take a long time to master, just like any craft, hours upon hours of repetition. There's other the Psychology side which accounts for 90% of trading

    • @qtech2179
      @qtech2179 4 года назад

      @@MichaelBamber Alright.

  • @BrooklynBambi
    @BrooklynBambi 4 года назад

    Are forex short terms taxed the same as equity?

  • @xtrader5670
    @xtrader5670 4 года назад +1

    Hi Michael, I am also from falcon slowly learning the strategy but lately I have been getting consecutive 1R losses so wanted to know your experience on loosing streaks, how many 1R losses do you usually have consecutively and how do you deal with them? Also have you had any red months during the year ?

    • @MichaelBamber
      @MichaelBamber  4 года назад

      Hey! Yeah i've had my fair share, it's a part of the journey and super important to go through it, develops your character and shapes you into the person you want to become. It helps you create that mental armour that i talked about in the video 🙏 I'm guessing 1R means 1%? Its a game ofprobabilitiess and we dont know the exact sequence of wins to losses, no one does. But when you have an edge,you'vee tested it through data and you know it works, you understand that it's about yourt edge playing out over the course of a sequencee of trades and not individual trades. So because you dont know the sequence, you could have win, loss, loss, break even, loss, win, win, break even etc etc. But if you have an edge, it plays out over time 🙏

  • @oscarsanchez3201
    @oscarsanchez3201 4 года назад +1

    the you get beat up the thicker your skin, the thicker your skin the higher you go

  • @elliotcrisp2571
    @elliotcrisp2571 4 года назад +1

    '90% of trading is done in the shadows behind the scenes' - 110% agree Michael. After our chat the other day, I know you'll get there. 'Work hard in silence and let your success be your noise' 🙏

    • @MichaelBamber
      @MichaelBamber  4 года назад +1

      Hey Elliot! Thank you brother! Really good chat the other day, could've talked for hours haha 🙏

  • @ThaNoizy
    @ThaNoizy 4 года назад +1

    Truly inspiring! //Falcon4life