The Best FX Trading Tip I Could Ever Give You (Crucial)
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- Опубликовано: 19 июн 2024
- My best FX trading tip for 2019 probably isn't what you think it is. Why does nobody talk about this? It's something anyone who has a chance at being successful in this game must do FIRST before even starting their careers in Forex trading.
Mastering technical analysis and all of the other aspects of trading will be a complete waste of your time unless you figure this one thing out first.
This is Video #1 in my Forex Trading Psychology series, and likely the most important.
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Worst habit: pushing my stop loss further back when a trade doesn't go my way. The moment you mentioned it on the video I felt so embarrassed and ashamed LOL.
Ahmed Ibrahim Same here!
😂😂😂felt ashamed like the whole world is watching me move my stoploss.
Tip #1 - Add to your wins, not your losses.
I’ve been guilty of this.
My biggest bad habbit is staring at the chart all day long instead of educating myself day in day out.
Gladly I recently realized this and now I am spending less than 1h per day looking at charts. Instead I started reading books and watching No Nonsense Forex :)
Exactly what happened to me today...Change and all.
Its better to trade multipairs on higher timefrime, daily timeframe is minimum to trade with, rather than trading on low timeframe and staring chart all day.
Just "dont put eggs in one basket".
"Attack wins you games, defence wins you titles"
100 bank traders disliked this video for giving away their secrets lol.
I just spent two months learning the dirty dozen and now I'm here 😭😭😭😭.
Are you profitable now?
Me too bro 😂
Look at the bright side, you've learned what's popular in order to avoid it.💡
I think understanding both worlds would help massively .
Any update? It’s been three years now.
Happy New Year 🎊
Don’t worry buddy I did too 😂
I have lost almost $30k till now in cryptos, forex and commodities. I think i won't lose anymore because i found this channel. Whoever you are buddy, THANKS A LOT. Love from India. Just keep posting legit stuff. Do not manipulate us, we look up to people like you. It's very hard to find good, honest people these days. They are all greedy and want our money by selling online classes and shit. You don't become one of them, buddy. HUGE RESPECT FOR YOU. Will follow you on Twitter as well. ❤
I actually watched this a year ago as a beginner and NOW this makes even more sense. What i did to control my win losses so i wouldn’t break even, in the traditional sense, was figuring out a way to lose a little and make multiple times the amount that was in my account. My risk to reward for starters, has helped me tremendously. My emotions has calmed completely. I also stopped trading what everyone trades. When i take trades, I’m looking to make work at the best possible entry based off my plan.
What RR did you settle on in the end? Thanks.
VP! Gee I miss your videos man! This video has changed my life on so many levels! Cheers mate!
fantastic work VP . most of the things that you been talking about i simultaneously figured out ( the hard way of-course ) but you actually in-lighted me for-sure when u talked about the plane for every Currency . thanks alot
The hidden treasure for Novice traders. Thanks a lot.
That's it!
New is always better ; for you can't put new wine in an old bag!
Its amazing how almost everytime i watched ur new vids..im finding a minimum of one or more flaws in my system..but also give me the direction on how to improve..well..waiting for the next signal is boring without something to do..haha..so..really..cant thank you enough..god bless u brother..
Thanks VP. back into fx after ten years out (blew up my a/c). You are right ..'nowhere to learn properly until you came along. THANKS!!
Hey
I watched one of your RUclips videos and I just can't stop watching the rest.I have watched hundreds of videos but your's is just more honest than the rest.I just wanted to appreciate what you are doing,and I sincerely hope to hear more of how you trade.
Hi VP, thanks for your video again. Watched it for te second time now and will probably do so again. My worst habit lies in the fact that I am bipolar, so I have to be very carefully not to trade during manic episodes. Having written structure helps me a lot already. Looking forward to your podcasts and video's every week here in the Netherlands.
Man, this is by far the most profound video series I've seen on RUclips. I really appreciate all the effort you have put into this.
My bad habbit are definetly my emotions and that i close up the Trade to early🙈
I love listen to you VP🤗great stuff✌
You are God sent! Thank you, I’m a subscriber for life!
Love your work and your no BS teaching style..breath of fresh air in a space that is littered with so much crap!
Thank you for sharing your knowledge...
Omg. You just summed up all the mistakes i made. Really eye opening and mindset changing. Solid gold. Can't thank you enough!
Starting out in forex. I love how you are explaining everything. Curious to learn more from this page. 👏🏽
Great info. I've already been through a lot of this and I am currently breaking even after going live for past 3 months. Currently looking for a way to improve and go pro!
Really appreciate the effort you put into this, VP. My worst bad habit is taking entries against the trend, expecting a reversal but most often getting cut to pieces.
VP- Yes
Me- Yes
VP-No
Me-No
Biggest bad habit was over trading. Trying to find trades every day. When using price action, my eyes would see what it wants to see. Which leads to more losses. Thank you soo much for pulling back the curtain and thank you for your wisdom VP!
Thank you so much for all your hard work and willingness to educate us. I blew two accounts in the past and you are bringing things into perspective. I really appreciate and enjoy learning from your videos.
Rewatching videos , this is first. I will give a like and comment in each video i finish. Godbless to you VP.
I’m Going to Become a Professional Prop Firm Trader using the NNFX method. Thank You VP.
i wont lie i am so new to all of this, your videos make it so much easier for me to understand. thanks VP for time in putting these together.
Thanks for that video. I'm only paper trading right now and I learned so much thanks to you. I had the bad habit of putting my SL/TP in random places just based on my feelings, and now I know how wrong it was !
I have been interested in trading FX for a while now. Consequently, I have watched many videos on all aspects of it but none have taught me as much as your videos. So, much like how you say to stick to a trading strategy, I am now sticking to only this channel for guidance and advice. The way everything is explained is perfect for me personally, so thank you.
Bad habits: Trading when on vacation and trading when I'm sick. Gotta have a clear mind when doing this. I love your channel VP. Thanks for all you do!
i am so grateful to your channel.
One of my biggest bad habits was actually moving my stop loss when my trade was going against me. As well as not using the trailing stop and ensuring I break even. Thankfully all of these was in my demo account, I am yet to go live but I'm so glad I haven't yet as I'm bran new, started last year, took a break and got back into it.
I placed a couple of trades and found I was still doing the same thing, I was just trading on feelings only.
Following your system (just finished the babypips school of pipsology) and I can already feel a difference and I'm now more confident, once I have a system in place I will do well.
Thank you so much for these videos! I can tell they're making a big difference to loads of us newbie traders as well as experienced traders!
Keep it up.
Dude, I'm really glad that genuine sources like this exist in such shark infested pools like FOREX - keep up the good work, thanks for your help and advice and may the money gods be with you dude .
Just got started about a month ago and learning every trade. I’ve managed to do a little bit better that break even from time to time. My biggest mistake is trading in feel and emotion.
Thank you very much VP , it's change the way my trade completely
i lost count but here i go again from the beginning. a great legacy of undisputed logic and honesty. i really wish you had forgotten to share sumthin and BOOM! another vid or podcast out of nowhere!
Just wanna say thank you. Love Learning, i'm hard to teach, but you are reaching me. so thanks
You are receiving so much positive energies as karma for sharing this genuine intelligent goodness to us in such a messy world of forex. You're forex legend. Keep spreading goodness.
I am glad that finally I found someone who believes as I do that oscillators, Fibs and BB's etc are disastrous distractions. I learned this the hard way after busting my accounts numerous times. You have earned another subscriber.
I am learning so much here. It speaks to me a great deal because it’s very methodical. I have a lot to eliminate from past teachings but this is making a lot of sense. I look forward to better and more consistent results in my trading. Thank you.
P.S. literally sitting in the car writing out my trade mgt plan right now.
Patrick, your videos are helping me to understand if even WANT to start trading, demo or live. They are the basis for educated decision-making. Thank you for providing competent and insightful information and sharing your knowledge and experience!
u have changed my way of view of forex trading a lot...after all these long time finally i have found someone who actually tell us something thats uncommon and valuables..i have always learned something form every video u made...thanks for all this...
VP so refreshing to come back and watch these videos after spending a while gaining experience live trading.. now I have a better understanding of what you are teaching than when I first watched. I find with Forex I always thought I had a lot of knowledge to be successful.. then I learn something new and realise I knew nothing at all.
I'm new to trading, just at the gaining knowledge stage right now. You have turned everything I've been taught in the last few weeks upside down with this video. But it made more sense. I like your mentality. Thanks for the awesome content!
Another awesome video thank you very much! Truly appreciate your wisdom and knowledge and not taking it for granted!!
Great job! My bad trading habit is always wanting to changing my system, shopping for new indicators after every couple of losses irrespective of the previous wins. This video will be a game changer for me.
Brand new trader on the forex I don’t even think I’m even qualified to be caller a trader but I would like to thank you for this video I’m going to watch every single one of your videos I’ll let you know when I’m done thanks !
Thank you for taking time to teach us real, core concepts and not doing what everyone does.
I have to say after going through so many youtube channels on forex..yours is the best i have ever seen man👏🏾
This has really changed my mind when trading. I had a degree in trading with emotions and this often kicked me out of profits and bring regret. I would as well go long and short at the same time and eventually close my trades in losses.
I now had this trading strategy to implement and practice. Thumbs Up
I was introduced to your channel about a month ago and immediately noticed you don’t share B.S but the hard core truth and I love that, I have been challenged to be a better, more focused and relaxed trader. Thanks for the time and effort you put in making this videos! God bless ya!
I am a new and extremely novice trader. I have never stepped out of my comfort zone of working in the medical field to learn to do anything else. I saw one of your latest videos and decided to come into trading by watching all of your videos from the very first one and reading books! Thank you!
I know, I skipped ahead but I am glad I found this channel. Going back to basics now. I can see why this is a great system.
Just starting up my trading and haven´t really made it far yet so hoping theres no bad real habits yet. But the one basic key I´m struggling with is jumping around. Trying some system/indicator/timeframe etc etc, fail the tests and jump to next with no real plan. So far the videos I´ve gone trough here has been a real eye-opener. And I still have a bunch left to see, but started out way differently to work on a system already. Just hope you keep them coming as I catch up!
Once again invaluable content and tips having huge impact on the trading; highly appreciate it, VP.
So much to learn but just a few short weeks ago after much deliberation about to go with trading stocks or trading FOREX, I decided that this is the place for me. I realize that the more educated I am the less I make decisions on feeling, emotion or just plain guesswork. I plan to get through all these videos, podcasts and the blog over the next 6 months to a year and demo trade to that 6% mark. It seems overwhelming now but so did so many other things I've mastered when I first started them. Love it VP. I can see most comments are a year ago or so. You will get a bunch from me. I'm in Reno so we're neighbors, if your ever skiing in Tahoe let me know, I'll take you to lunch. Hitting the slopes tomorrow after a few more of these videos!
My biggest bad habits was not setting a stop; opening positions where I think it was going to go, watching it move the other way; opening bigger trades when lose trying to recover; trading the 3 sessions without sleeping; not having a strategy defined, just trading by feelings as you already mentioned. All those bad habits and more together. Your videos has made me change my perspective. I am practicing to be disciplined, opened a demo and trying to correct those bad habits, but the strategy You suggested, I think is basic, which I still have not though about, but know was important, and you gave me clarity. Thanks a lot. Ill keep watching and looking your sources.
Good stuff! I was reminded of Jesse Livermore when he said something like "allow your wins to run".
And I must admit that your videos are so calming to listen to!
This is one the the best NO nonsense videos for trading! Thank you VP!
The thing I know I will have to get a hold of is not setting my stop-loss too close, but as of yesterday, my stop losses strategy has been what you said in the video one number for every pair.
You are the only one that make sense to what I am facing. Thanks and please keep sharing👍
have just seen your channel, viewed this video and is the best so far, thank you, I am a beginner trader but this has really changed my life perception on trading. you are a great mentor
I've watched about 8 of your videos since yesterday and there is so much valuable information. So now I have to start over from video number one and take notes on each video one by one lol. I hope so bad that you aren't like the other scammers because you are about to take up a lot of my time throughout these next couple years.
Always look back to this channel to remind myself on trading.
One cool tip. It is good to find the maximum potential upside for all your trades and set a fixed reward. I found mine at 1 to12 trading on daily chart. Meaning, my ATR is at 100, I set fixed scaling out profit at 1200
These video just make me reassess my trading strategy, but my life as a whole. I'm hooked to this channel now. The worst thing I do when trading is that I chase my losses a lot, its sucks but it was difficult not too before watching these video's
A eye opener for me. Thanks for this best tip. I realize my big mistake of relying too much to a indicators that gave me goosebumps of losing a lot
I have just started learning this FOREX trading, I really enjoy your videos they are to the point and no fluff.
VP's channel is OFF THE HOOK!!!Absolutely magic...
my bad habit is that I constantly look at my trades and as soon as it is in profit and i see it fluctuating i close the trade ...this is painful coz just immediately after me closing
it ...the trade continues to move in my initial direction...
thank you so much. This was really helpful. My biggest mistake in FX was when i had a trade running into profit big time and I never considered moving the SL into profit(i didn't know what trailing SL was) and 2ndly, I didn't close the trade when I saw it reversing fast, out of my greed for bigger profits. So my account was wasted the following day
FOMO gets me so often. Great video, thank you.
just amazing, I'm into my 3rd year now and working through your vids is ironing out some real bad habits.
Heeeyy VP! Love from italy!!
Just watched the first set of videos and I have to say I am very much liking your approach, I have been trading for the last 3 years with some success, and this is probably the first reasonable and down to earth content I have ever seen.
And while I might not agree 100% with you (I kinda like the EURUSD :) I do feel the market is "rigged" by a few big players, and that being on the pupular side is usually the wrong place to be.
Cant wait for new content, keep up the good work VP!
I think the trading plan advice and especially keeping it written down and to hand is excellent!
Thanks for all your work to get all this information and share it with newbies like me. I wish you the best!
Thanks for these great videos am going through them slowly as am a total newbie.
Worst habit I've had with forex is trying to forsee the future using support and resistance lines and matching chart patterns also fundamental analysis but at that point I felt like all of this together was too much and all of this and to still see my trade go belly up cant tell you how many times I chucked my binder across the living room with all the information I taught was soo accurate and couldn't be wrong this right here tells me how true this channel is and how the name of the channel is just that NO NONSENSE FOREX!!
I love these tear down to build up I'm knowledgeable but now I'm learning direction
My bad habit is trading by feel. Glad that I came back to this video. I will be rewriting my algorithm & sticking to it this time.
I really appreciate your video bro, i learn fx trading a year ago & still not doing well untill i found your video it gives a lot hope for me. Thanks 👍
Btw. I was following your instructions on your video trading the nononsensefx trading way & i already finish the 3-13 podcast video & im on this core concept now. If you have an updates or reccomendations on what you want us to watch after the corr concept kindly let me know thanks
Another eye opener! BIG BANKS is still my favorite video though. Thanks VP.
After losing my account on crypto I know now what strategy I should develop. This is truly a life changer. Thank you VP for this wonderful video. Your teaching is excellent.
A bad habit I had is getting excited when a trade is doing well, not let it ride and then I close my trade. And would let trades hit Stop Loss. So I've been losing money basically. Since I've watched your videos, I now have a structured plan of action from beginning to end of every trade. You truly add value with your videos.
Are you profitable now?
Wow this is epic❤.. Jotter u never disappoint.. I laughed from the beginning till end..
This is the movie of the year a lot of moral lessons to draw from this.. This is reality❤
A kind giver, may he be blessed for putting up this video.
I’ve moved SL’s back a few times, but my biggest achilles heel is pulling profits too early. It has worked a few times too. But it’s also rough seeing my trade go an extra 100 pips when my paranoia isn’t correct. 12:20 summed it up perfectly about validation...
This hit me right on the spot! Thank you for making this video
This video carries a very powerful message. Having traded for a few years, emotions have wreaked havoc at one time or another. In the last couple of minutes of the video, you ask about what bad habits we lived with. One particular {crime} came to mind. I use to trade with a friend and we had a mission to find the *perfect* system. We went to seminars, spent money on all kinds of crap, the whole magilla. Each time we thought we found something, I noticed that we were buoyed with hope. That was the emotion that kept us going. Sooner than later, we were met with deep disappointment when things didn't go the way we thought...until the next whiz-bang indicator/system/methodology whapped us upside the back of the head. Mix that with fear and greed (the two most pervasive emotions in trading), you'd soon enough need a quaalude to get back to normal. Tough pill to swallow too. The statement at the beginning of the video (2:53) about "breaking you down" is a concept that escapes most traders, although not at their own fault. They've never had that trainer, DI, coach or mentor to assist them with the transition. This is the place to get that training. Period.
Interesting indeed! Im intrigued and subscribed. I think I've used MOST of the "dirty dozen". Ready to learn more
Just want to tell you that I could not stop watching your videos last night and I started reading your blog and here is the reason why..... I have been starting to feel exactly the same way in my gut about trading as I have been following the textbook examples available on the internet and kept loosing money. So something inside me was screaming that this is the wrong way doing it, but I did not trust my gut enough. Now that I am watching your videos with all your years of experience I just know I have finally found the truth, things are falling into place and I think this is going to be life changing for me. I know you would rather hear feedback from results than hope this soon in the journey, but I will keep you updated. For now, I just want to thank you for keeping it free, because I have also lost a lot of money trying to get all the information that made me loose some more. Even paying some of that money I knew deep inside if these were succesful traders they do not really need my money. Thank you sir!!!
you are changing the way i trade thanks for that
Hello VP, BRAVO !!! ... all psychology videos are more than welcome, they are "drops of gold" !!!
You are a legend . what I fear is not the market but rather my inability to do what needs to be done without hesitation.
keep this amazing videos coming
Im just starting to study this now, and i got to say, I use all the dirty dozen, getting rid of them right away and keep studying, thank you very much !
This is the 4th time I watched this video and still guilty of not being consistent with money management and not following my set of indicators for my trade entries to go long or short all because of "feeling that the trade will go wrong or if trades go the opposite, I will lose less". Result: algorithm is right and I am wrong, and reduced the profit I should have made. Feelings are really the worst reference for trading.
Thanks VP for the reminder.
my first bad habit is trading by gut feeling,the 2nd is by abandoning at any time my discipline and the 3rd bad habit is not knowing when to quit,take the profit i'm happy with and the market taking away all my profit into a loss-i'm glad i found your channel just today and won a trade-thanks-!!!
Very helpful! Love the stop loss technique here! As always Thank you🙏
I'm so excited to discover such knowledge !!!