5 Factors To Consider Before Taking A Trade

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  • Опубликовано: 5 янв 2021
  • So many traders jump into trades prematurely without any real reason to be entering. This leads to very bad decisions, revenge trading, chasing losses and blowing accounts. Int his video I share with you a five-step process you can use with any strategy to make sure the trades you are taking are of the highest standard.
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    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
    #forextrading #forextips #forexstrategy

Комментарии • 1,3 тыс.

  • @RockzFX
    @RockzFX  3 года назад +232

    I hope this video brings you all value. If you would like to see the live breakdown of my GBPJPY trade click here: fb.watch/2RGY7a2kRs/

    • @rajeshgar1
      @rajeshgar1 3 года назад +4

      Great teaching keep it up

    • @mdasifasif7799
      @mdasifasif7799 3 года назад +3

      Rockz can I know y ur saying that too much knowledge is poison ?

    • @simpletrading3167
      @simpletrading3167 3 года назад +2

      Thanks and thanks thanks (from Vietnam with love)

    • @amapianomixesbw9987
      @amapianomixesbw9987 3 года назад +2

      Once you enter a trade, after following all the right criteria, do you think it's a good idea to add to your position every time the market continues to push after the exhaustion phase?

    • @amapianomixesbw9987
      @amapianomixesbw9987 3 года назад +3

      How much do you aim to make weekly. Percentage wise??

  • @momenwasir2196
    @momenwasir2196 2 месяца назад +37

    WHo is here in 2024?

    • @chinweokonkwo5418
      @chinweokonkwo5418 14 дней назад +1

      Came in now, June 2024

    • @tsapelemedupe19
      @tsapelemedupe19 2 дня назад

      I am here. Rockz changed my mindset after 18 months of trying to figure my edge.

  • @Official.Ziggy.Bandz9
    @Official.Ziggy.Bandz9 2 года назад +35

    This man just put months of not years of studying into a 30 min video … simply amazing

  • @atibamaule
    @atibamaule 3 года назад +137

    @5:44 Identifying the Structure of the Market
    @10:35 Identify your Key Levels
    @14:58 Identify the Phases of the Market
    @20:14 Identify your Patterns
    @24:13 Bring it all Together
    @31:32 Conclusion

  • @joyceo4589
    @joyceo4589 3 года назад +144

    New traders may not see the value of this knowledge but this is gold! He has shortened your learning curve in this video to become a consistent profitable trader. The earlier you master market structure and price action, the better. Leave indicators and learn this.

  • @enekwechijohnvianney1751
    @enekwechijohnvianney1751 2 года назад +3

    You have changed my mindset,my trading pattern,now am a winner,85%winning rate.....
    You are the best✌🏽

  • @kimmzfx
    @kimmzfx 2 года назад +10

    I just deposited 10$ recently and got washed 9$💀which is a bummer till I saw this video....trust me you need to watch this it's so educative and makes sense since I was joining the market with emotions and at the wrong time😭thanks man 👍up for the good content hope you will make more✅💚

  • @lionelhomers5664
    @lionelhomers5664 3 года назад +7

    I started watching trading videos 3 months ago , this is the first time I get real facts , real techniques and an organized class with all tools to make the best possible trade .God bless you . This is a life changing experience .

  • @Samisback-
    @Samisback- 3 года назад +2

    I’ve been watched so many trade videos as I’ve been doing it for a while but due to lack of knowledge I’ve lost more than gained but this has definitely created a strong foundation and I can honestly say been by far the more useful trade video I’ve seen so far.

  • @vyphuong9135
    @vyphuong9135 3 года назад +5

    I have downloaded this video, because I know these are the quintessence you get out of a long time. It's hard to find videos like this. Wish you even more success in 2021, I hope to see a few more videos like this one.

  • @earljames8794
    @earljames8794 3 года назад +11

    There is more to trading than just green and red lines,A lot of people don’t put in the effort that is required to acquire profitable trading results and that is why investors end up losing funds

  • @gauravnath2262
    @gauravnath2262 2 года назад +1

    When i dont find new videos i just go back to old videos to refine my knowledge and every time when i see the video again i always find some new information. Thnx for all those uploads rockz

  • @MarshillMars
    @MarshillMars 2 года назад +3

    By far the best Trader and Mentor in FX. Thank you Rockz you have no idea how helpful your channel is.

  • @Loytvshow
    @Loytvshow 3 года назад +22

    This is more like a podcast to me, I could listen to this without the visuals and still be inspired, you're a champ man

  • @EventsManipulator87
    @EventsManipulator87 3 года назад +4

    This is what I have been missing and will stop me for taking unnecessary trades in wrong areas of the market.keep it up bro

  • @emmanuelsarki7137
    @emmanuelsarki7137 2 года назад +1

    I wonder why Rockz does not have 1M subscribers? Anytime I watch his videos I literally shed tears of joy because he makes life easy and speaks the truth about basic trading yet making it as simple as possible...Love your channel. Thank you🥰

  • @richardc.4348
    @richardc.4348 2 года назад +1

    dont know how i missed this channel before , but im glad I came across it. Easily my top trading channel by far. Value overload, explained in an easy to understand format.

  • @ezeanivitalis4363
    @ezeanivitalis4363 3 года назад +16

    Can’t thank you enough. I get more focused and motivated whenever I watch this video

  • @calebmiller3896
    @calebmiller3896 3 года назад +5

    Rockz you’re the best man!
    Been a. Student for 2 months with you now officially, been following fir a year and I’ve learned so much, since going through your course I’ve been doing so much better.
    Keeping it simple. Sticking to my plan, trusting myself and the process!
    Thank you for all that you share, definitely the best trading mentor I’ve ever had.
    4 years from now I hope to help as many people as you and become a mentor for others to follow!

  • @user-po4tn2my5i
    @user-po4tn2my5i 10 месяцев назад +1

    honestly this is the truth, this man here really wants to impact knowledge not these online idiots claiming to the traders just to sell courses to you. Thanks rockz you the man.

  • @bunmiimmanuel8309
    @bunmiimmanuel8309 2 года назад

    I'm just watching this video, and trust me, I'm absolutely in love with your teaching. You've earned one more true follower

  • @abdlmaleradel9544
    @abdlmaleradel9544 3 года назад +9

    have been a believer in the blockchain and the stock treading over the years and from experience, I have learned that information about stock treading comes from three kinds of people, One who knows but would rather suppress the information by publicly criticising stock treading but privately stacking up on the asset, there is also the truly ignorant who would

  • @mbongenibrandon4431
    @mbongenibrandon4431 3 года назад +55

    My trading has really changed since I started watching your videos

    • @milanfx6713
      @milanfx6713 3 года назад +5

      I am also....

    • @RockzFX
      @RockzFX  3 года назад +17

      Really happy you are finding value in the content. Have a banging 2021.

    • @abelloso4850
      @abelloso4850 3 года назад

      Valuable content.. I thank God for guiding me to your youtube

  • @af91d50
    @af91d50 3 года назад +1

    This is the best viid ever. Wish I found something like this years ago. This is all you need!!! Hands down!!

  • @thirumurugan8248
    @thirumurugan8248 3 года назад +2

    I almost watching all your videos of Fx trade. Your "Law of Trading" principles are absolutely 100% worth. simple and most powerful. Right now i just working in a company and started real trading on past few months onwards. When i become a successful trader one day, i will remember your videos. Many thanks for your great work and 5 Factors.

  • @SwagkiddTaylor89
    @SwagkiddTaylor89 3 года назад +29

    You are sooo precise , patient and very informative when teaching. I love this video! keep em coming! I see how and why I've been losing trades now cause I don't strictly pay attention to what the overall trend is for the day and sticking to it. THANK YOU ROCKZ!

  • @sebiq69
    @sebiq69 3 года назад +4

    I love the new set up 😍 new year, new Rockz. The quality of content blow my mind 🤯🚀🙏🏻

  • @MrMello2smooth
    @MrMello2smooth 2 года назад +2

    Thanks for making this video! It really helped me out a lot Rockz! Looking forward to watching more of your videos!

  • @hudson701
    @hudson701 3 года назад

    This is your best video yet. Great information, I use it to trade the Dow and FTSE, same theory just a different market! Trade the key levels, keep it simple. The 'W' shape pattern is my favourite to trade, as well as buying the bottom of the V on MO. Keep up the great work!

  • @muonyeluchinedu5454
    @muonyeluchinedu5454 3 года назад +4

    Thanks a lot Rockz. You really changed (improved) my trading. I was always looking for reversal patterns at key levels irrespective of what the trend is saying. Now my trading has got much more better.
    Bob is your Uncle😀😀

  • @awesomeGuss
    @awesomeGuss 3 года назад +3

    This is what I truly needed💪🏽😭. I hope youtube recommends this to a lotta traders out there...this is hot sauce

  • @Ken-vy7zu
    @Ken-vy7zu 3 года назад

    One of the best forex video lecture I ever seen on youtube. High Quality Contents. More power to you!

  • @michaelptthompson1433
    @michaelptthompson1433 3 года назад +2

    Thank you so much for your work & content!!!! I love how clear & concise you are in your explanation of things!!!!!!

  • @aaronc2293
    @aaronc2293 3 года назад +3

    You sir, are a F*** legend!
    Thank you, thank you, and thank you.
    Simple stuff but always missed.
    Appreciate your time, and your efforts, and your dedication.
    You must help so many people 👊🏼

  • @reaganjohnson3141
    @reaganjohnson3141 3 года назад +5

    Thank you so much Rockz, much appreciated.

  • @6pakimsure
    @6pakimsure 3 года назад

    You are a G. I turned a corner with this video. The timing in my trading journey was so perfect, its as if you had a secret camera in my life. Just cancelled my weekend. Its charts, charts, coffee, then charts. Keep it up bro and thank you from sunny south London. Peace.

  • @anatii_m
    @anatii_m 2 года назад

    my mentor told me to watch Rockz channel and since I started, my perspective has changed a lot, I'm starting to see these setups more often, and this content is GOLD.

  • @kenny11_11
    @kenny11_11 3 года назад +4

    Thanks a million for this man, cleared my confusion and doubts. God bless

  • @hugomiguel8954
    @hugomiguel8954 3 года назад +4

    Amazing content, the quality is so high , thanks so much !! King

  • @topeogunfowora9218
    @topeogunfowora9218 Год назад

    This is the most valuable video I ever seen on Forex; giving out without price. Good job Man! More power to your elbow.

  • @harshadmehta427
    @harshadmehta427 3 года назад

    Thanking myself for making through the first 5 mins of the video.. the rest was absolutely worth it. Great video

  • @RobloxStudio132
    @RobloxStudio132 3 года назад +4

    Can't tell you much I've improved my self since I started watching your videos, this is great Rocks,

  • @hypmotize
    @hypmotize 2 года назад +6

    I've watched this video several times over the last year. I'm not profitable at the moment but I'm on my journey and am learning and growing so much. Concept #3 is by far the most powerful. Thank you so much for sharing your talents with us Rockz. The process is far more important than any concept.

    • @sw33tialucard
      @sw33tialucard 10 месяцев назад

      How’s it going buddy?

    • @praiz_edits
      @praiz_edits 5 месяцев назад

      Hope you haven’t given up?

  • @ThabangM
    @ThabangM 3 года назад

    ever since i started watching your videos, i learnt a lot, you are very consistent and i noticed that you teach the same thing is different way. its really impossible for someone not to hear you

  • @desmondmartins4963
    @desmondmartins4963 3 года назад +1

    This is one of your best tutorial yet.. I do not know how to thank you for this because i have too many decision problems with trading, this seems so simple but it wil take time to practice .. I hope i get it right this time... Thank you very much you ROCKKK!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • @easybusy4395
    @easybusy4395 3 года назад +11

    5:01 Too much fx knowledge is poison for the decisions, i keep charts simple and switch off knowledge to get the best out of it.

  • @white_dentures
    @white_dentures 3 года назад +3

    I'm so happy I came across your video...
    This really opened my eyes to trading the right way ✌️💯✅🙏💕

  • @talktogodyouself8617
    @talktogodyouself8617 Год назад

    Thank you RockzFX, very glad, this is the best forex teaching as far as I am concerned. Again thank you. I appreciate many of your youtube teachings.
    God bless you.

  • @mimap275
    @mimap275 Год назад

    Your simplicity is amazing, you really have brought it back to basics. Cutting out all the noise and clutter. God bless

  • @technicalliteracyfx8231
    @technicalliteracyfx8231 3 года назад +9

    This guy always puts out extremely valuable information 🔥

  • @nonnypope9889
    @nonnypope9889 3 года назад +3

    We don’t just hit the like button,we smash the like button! Great video just took a lots of notes time for some practice!👍🏾

  • @AndreasKriswanto1989
    @AndreasKriswanto1989 3 года назад

    Man, this video is worth millions of views. Alex's Naked Forex has also completely changed my approach to trading. Your sharing is gold and you managed to show the ugly truth of trading everyone might not realize, "it's boring" :D

  • @munashemukwepa8657
    @munashemukwepa8657 3 года назад +1

    Rockz you have changed my perspective of forex trading for the past 5months i have been following you

  • @ayandantamo2170
    @ayandantamo2170 3 года назад +3

    Thank you so much. These 5 key points are a spark! Consistency is key!

  • @gabriellozano1944
    @gabriellozano1944 3 года назад +7

    Wow! Rockz, this is our year to be consistent...

  • @ghoulkhan2578
    @ghoulkhan2578 2 года назад +2

    my first time watching your videos, and I love how you direct traders. awesome job

  • @VeLATAYOave
    @VeLATAYOave 2 года назад +1

    Thank you for making these steps precise and direct. Now I have an added structure to my day.

  • @imuneztfx
    @imuneztfx 3 года назад +4

    Perfect for a perfect timing. I cannot thank you enough.

  • @muhammaddanish63
    @muhammaddanish63 3 года назад +3

    I appreciate you, your strategy , and teaching style is so fabulous.
    I am learning from you.

  • @Mcmaninder
    @Mcmaninder 3 года назад

    the knowledge in this video is so powerful for new traders like me that are 3-4 months into trading! thank you for pointing me into the right direction! Rockz rocks!!

  • @jamesbrookes6195
    @jamesbrookes6195 3 года назад +1

    I don't normally ever comment on RUclips. But this video is the best by far. Your the first one i've come across which ACTUALLY shows a clear step by step structure.

  • @1Acksonfx
    @1Acksonfx 3 года назад +4

    Amazing and powerful knowledge shared here Man you are just something else# Love from Zambia

  • @marencruickshank
    @marencruickshank 3 года назад +6

    11:11 in an uptrend major key level are higher lows

  • @roystoncartwright5640
    @roystoncartwright5640 3 года назад

    thank you rockz I needed this video sometimes you can forgot these trading steps, thank you for reminding me I have printed it out and put it next to my screen. have a nice evening brother

  • @oliviaangermund7899
    @oliviaangermund7899 3 года назад +2

    Rockz, you are making my journey with trading so much easier. The way you explain and teach is the best out there. May you continue to be blessed and go to new highs in your life. 🙏🙏 And thank you for sharing your knowledge

  • @ayoobmonu5334
    @ayoobmonu5334 3 года назад +3

    Thank you soo much you are simply awesome lots of love from India💙💜❤💚

  • @hillarymbilinyi9067
    @hillarymbilinyi9067 3 года назад +28

    This video alon is enough to change someone's trading style, thanks a lot brother

  • @jakepainter3895
    @jakepainter3895 3 года назад

    This is my first video I have watched of yours and I am already subscribed! Amazing content thank you so much!

  • @andrewwenzerul6608
    @andrewwenzerul6608 2 года назад

    Thank you so much for this. It made me completely rethink my trading strategy. I got rid of my indicators and went back to the basics. And I'm actually making money. What a great vidoe

  • @yotamzebediah3905
    @yotamzebediah3905 3 года назад +4

    You are one of the best teachers. The good thing is that you are teaching the process and not how to become a billionaire tomorrow morning. Thanks!!!!!!

  • @emre241195
    @emre241195 3 года назад +13

    That´s probably your best video up to date, thank you so much Rockz!!!

  • @faith3896
    @faith3896 3 года назад +2

    Thank you for the lesson. This goes to show that you don't need indicators to become a profitable trader. I am learning a lot.

  • @lady_goldza_fx
    @lady_goldza_fx 2 года назад +1

    I've read forex books watched many traders daily on RUclips trying to understand a lot of things in forex and i understood a little but was still lost until I found you and damn Sir YOU ARE A TEACHER🔥🔥🥇! You unselfishly given many willing traders gold that's gonna change their lives.

  • @anthonyclark8721
    @anthonyclark8721 3 года назад +8

    I love the way your saying you own this damn trade. "Bob is your uncle." Nice LOL!

  • @karugapaul7937
    @karugapaul7937 3 года назад +35

    New year new office new projects. Letttssss gooooo!!!!

    • @RockzFX
      @RockzFX  3 года назад +17

      A lot more is coming for sure.

  • @DavidNkpoku
    @DavidNkpoku 2 года назад

    You are the best forex teacher i have every come across. You are a blessing. Keep it up!!!

  • @homeboyrxs6623
    @homeboyrxs6623 Год назад

    Thank you very much for this! Wished I had known this two years ago. I have watched many youtubes but you are the best so far! Thanks again!

  • @aguiiluz
    @aguiiluz 3 года назад +7

    Yo this video SHOULDNT GET ANY ( DISLIKE ) button at all this man is just pure and so honest with us 🤌🏼✨ absolutely loved this video my guy ! greetings from honduras 🇭🇳

  • @hitts8928
    @hitts8928 3 года назад +23

    i really feel bad for the people who are still didn't discover Rockz channel

  • @Sigmabuzz08
    @Sigmabuzz08 3 года назад

    Wow really broke it down here Rockz . If you are a newbie this video pretty much nails all the basic concepts and what you need pure price action no indicators and bull needed.

  • @spaceafb
    @spaceafb 3 года назад +1

    I really appreciate you and saying a big thank you for this informative video... watched til end and about to rewatch... learnt a lot..... Stay blessed 🙏

  • @Brunhild386
    @Brunhild386 2 года назад +21

    Hi, I’m a noob and trying to figure out this trading thing. Still wondering if investing in it, the stock market or real estate, which will bring the highest returns.

    • @Alternatezoid
      @Alternatezoid 2 года назад +1

      I’ve not been able to cut losses and make any profits from my trades please can he help me trade, I’d appreciate it!

    • @pierrettelaf9728
      @pierrettelaf9728 2 года назад

      @STEMCOR scammers 🤸🤸🤸🤸🤸🎉🎉🤸

  • @briontjongarero1047
    @briontjongarero1047 3 года назад +3

    This is very powerful🙏🙏🙏🔥

  • @jaberitv4959
    @jaberitv4959 2 года назад

    Bro , this is the video i have been looking for , most trading videos are complicated with indicators but this is just plain simple .

  • @zachisaboke3222
    @zachisaboke3222 3 года назад

    So far this is one of the best most helpful educational videos that I have watched. thank you Rockz

  • @kilianponsen1792
    @kilianponsen1792 3 года назад +9

    This man is giving super valueable golden nuggets

  • @wardope
    @wardope 2 года назад +11

    "The stock market is a device for transferring money from the impatient to the patient" Warren Buffett

  • @esaumkandawire8827
    @esaumkandawire8827 3 года назад

    Wow! This has changed my perspective of applying my strategy i love this video, thank you so much Rocks. I have downloaded your video i will be watching it everyday and practice using this.

  • @thee_mandisi
    @thee_mandisi 3 года назад

    love this.. breakout and retest hs relly simplified my approach to trading. Still working at it but i see the light. Top content

  • @nassimbaaziz
    @nassimbaaziz 3 года назад +3

    Could you do a day in the life video, with an office tour? would be a good vid

  • @Homebasedwork
    @Homebasedwork 3 года назад +86

    This was extremely helpful Rockz! Thank you:-)

  • @shauntay2214
    @shauntay2214 3 года назад

    Your a really good teacher, first video ive seen from you and all good strong points well put and clear , straight to the point. Thanks man

  • @markhughes4111
    @markhughes4111 3 года назад +5

    This is great!!!! 😊

    • @gildeclan2169
      @gildeclan2169 3 года назад

      Hey, hey, what’s up my friend?

    • @markhughes4111
      @markhughes4111 3 года назад

      @@gildeclan2169 I’m doing perfectly great.

    • @markhughes4111
      @markhughes4111 3 года назад

      @@WinnieEClark yes!!! I have been trading the currency exchange market for over 4 years, I have traded alongside ex bankers, and many wealthy successful traders throughout my career.

    • @gildeclan2169
      @gildeclan2169 3 года назад

      @@markhughes4111 I know trading can be daunting especially those who are new to this business

    • @felixnino6010
      @felixnino6010 3 года назад

      FOREX TRADING/BITCOIN is a smarter way of making money but trading with a reliable manager is the best key to a successful trade.

  • @melompower1512
    @melompower1512 3 года назад

    i am pleased to say
    this class made it clear enough that we different traders and should just stick to what works for individuals

  • @fury1kid
    @fury1kid 2 года назад +1

    nah man you're a g, simplified everything. this is the best video I've come across.

    • @paul9402
      @paul9402 Год назад

      Feedback appreciated 👍 send a direct message ☝️☝️ for legit trading..

  • @waliwire3694
    @waliwire3694 3 года назад +37

    “This is your business, this is your future, take it seriously.” I took that personal 😂

  • @thulanigundu6212
    @thulanigundu6212 3 года назад +4

    "there's no bumblebee pattern".....lolx

  • @mateusz9391
    @mateusz9391 3 года назад +2

    A person who is new to trading should watch this video (and many more on this channel) hundred times!

  • @LOL-cs9zo
    @LOL-cs9zo 2 года назад

    This is the Piece of Gold Video 😍 Watched 35 min without getting bored. Thanks Rockz

  • @lindelwagxenya1540
    @lindelwagxenya1540 3 года назад +3

    first time here and i aint going nowhere, this is home...