www.fxtrainingzone.com This is a video overview of Money Management, risk, stop losses and cognitive bias. It covers a range of tasks you should consider before becoming a full time trader.
FOREX Training Course – lesson 3 : (Money Management)
August 22nd, 2010
David Hill
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Invest in forex and earn money.
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Sorry, I had to post in pcs please read from my first post from bottom,
To me greed is breaking your own rules when you start the trade you deside to take 50pips and you dont close when you have the 50 pips to close or you increase the risk%
I can keep on listing the braking of rules all this happen if you become greed due to loosing or wining more than you expected.
Any way you did a good job to post this video
About Greed you mentioned you dont take profit when market clearly says you have to. Now my view is market never give any indication or tell you have to close the trade for example if you trading on 1h chart if you see price reversing this could be a retrasment in 4h chart. If you jump the gun to close your trade this applys to the second point you made fear of loosing the profit.
great video, you did a good job few thing I would like to point out, Dont use 911 as a example to put a stop loss I agree anything could happen to shake the market. I place stop loss for 2 commen resons that always can happen Power out and Internet disconecting when you are in a trade.
PRETTY MUCH ALL YOU NEED TO KNOW TO TRADE. Everything else is details.
I am just learning the Forex market, and Sion’s videos are outstanding!
yup…I second that!
Sion
Great video and knowledge.
The best on YouTube IMHO
Barcap
u are an excellent man , at least one man who stands out against the rest
plz go on yves
Great video! Although I like to keep my stops at 50-odd pips, and my biggest stop would be around 200 for a position/long term swing trade. I hope we can collaborate in the future!
Excellent videos
Thanks very much
Great lesson. Thanks
Please make a tv show!
Great Vids, keep up the good work, very simple to follow and lots of useful info
Money management is so important when forex trading. I hear it all the time, people who have taken months to build up there account & lose it in 1 or 2 days! Dont let it happen to you!!!
thanks
just found your videos…………excellent!
Excellent video. Thanks for sharing it!
Very good lesson.
I have learned a lot through this video
thank you so much
Good stuff!
All shoud watch it before they’ve started.
Also, I’m pretty sure that nobody would understand it without having few bigger losses, especially at the begining.
What’s going to be next?
tnx for the video
That is 5, 13, 1.
Thanks for this video Sion.
Could you perhaps make a video of how you set up all the fib levels and pivot points and at what time frame you do that? You’ve a lot of them on your charts I see. Thanks
Great video!
– thank you very much! – enjoying following your videos and posts on ff
great review sion just wondering on lesson 2 what was your settings for the Macd colored v102