Get Email Updates - http://www.forexreviews.info
Forex Training - http://www.forexreviews.info/forex-training/
In this video I go over a common question in trading that I also got asked recently and that is how to trade long term? This is an important topic in trading. In this video I give the answer to that question being assessing the trend evidence and how to approach this aspect in trading.
If you enjoyed this video, feel free to like, comment and subscribe.
Looking for a great Forex Trading Simulator for testing strategies and for practice purposes in trading, then I recommend checking out Forex Tester 2 - http://www.forexreviews.info/go/forextester2/
Thanks for watching and Happy Trading, if you read this bio do not forget to comment, like and subscribe. Also comment "Happy Trading" below to let me know you read the bio as well.
I appreciate you all.
Website - http://www.forexreviews.info/
Get Email Updates - http://www.forexreviews.info/learn
Get Forex Training - http://www.forexreviews.info/forex-training/
Facebook - https://www.facebook.com/forexreviewsdotinfo
Twitter - https://twitter.com/forexdotinfo
Google Plus - https://plus.google.com/+ForexreviewsInfo/posts
By clicking on the play button above on the video it also means also that you agree to the Full Video Disclaimer at Forex Reviews - http://www.forexreviews.info/privacy-and-disclaimer/
Maybe this is a beginner question but what about the trade swap cost? Do you ever take that into consideration and close a trade because the chart is not moving? Or maybe brokers are different in their swap cost? I am a US citizen so I do not have a lot of brokers to chose from and do not know what the rest of the world is paying. I am starting out but it seems the swap cost can take a chunk out of my profits.
Just thought i'd ask, i'm interested in trading the index like ASX 200, S&P 500 etc. Just wanted to ask, the problem with trading is it's so highly leveraged, and when trading these index's long-term i'm not sure when to put my stop loss. Or maybe a better question is, do i even place a stop loss? The market always comes back in the end and if i hold the trade for eg 1 month, the market will have crossed my take profit numerous times.
Spot on Timon. For me the secret of successful long term trading is to get the big picture off the Weekly /Daily charts. Using 4 hour and 1 hour charts to time the entry.Trading daily charts really help you to swim with the current longer ,so to speak.
Hey Eric.. Depends on the trend of the market I am trading and time frame, I hold based on trend and structure evidence. If these say close I close, but if evidence suggests holding, I hold longer.. So one trade maybe one week, another a few days or another a few weeks and in other times even longer like over a month.
Hello Timon. Great video. I like most people found it difficult to imagine trading longer than a day. One day I looked at structures on the daily and weekly charts and saw movements of hundreds of pips . By backtesting I convinced myself, this is a better way of trading. Easier said than done. It very hard to break old habits. After much effort, I am reaping the benefits of longer term trading and disciplined my money management . Cheers mate. JOhnR
Your welcome John, yeah I agree, pretty much all traders go through this transition as a habit.. This is a common component that I go over in coaching / training as well and yeah a common habit formed in trading due to fear of losing potential profit in trading.
What inspired me to do this video was to shed some more light on this common question so wanted to summarize it as best as possible. In this weeks upcoming weekly review I will give some examples on the chart as well of what I mean by the opposing zone which I go over in this video..
Glad to hear you are doing great in trading as well.. Cheers and have a nice day mate..
+lomparti - The educational aspect is much more enjoyable and helpful to other traders... With your question I assume you are referring to management of other clients money such as banks, big investors etc.. That is quite stressful and demanding that aspect and I would only recommend it to traders that do not mind pressure.. Much prefer to teach the proper skill of trading and how the market moves which is very unique in this industry.. Not unique to have teachers in Forex, but unique to have teachers teaching proper market dynamics.. I am sure you know what I mean there.. Regards,
+Forex Reviews Thats fantastic. I trade harmonic patterns and a couple strategies I developed for double tops/bottoms so I dont need your educational material but subed your channel because it sounds like you know what you are talking about.. Just wondering why you decided to take the educational business route instead of the money management route?
In contrast to registered investment companies, which must always be organized within the United States, private funds are often organized in offshore jurisdictions for tax, regulatory and marketing reasons.
Explore different types of mutual funds.
Make confident investment decisions by getting to know which funds may be right for you.
Build a portfolio that can help you meet your goals.
Whether you want to do the research yourself, get some recommendations online, or talk directly with a financial advisor, we can help.
Saving for retirement. Investing for other goals. Getting retirement income. Saving for college.
Build a customized portfolio.
Understanding how to put different types of investments to work for you is essential.
All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.
Vanguard provides services to the Vanguard funds and ETFs at cost.
Different types of fund.
Active vs passive.
Actively managed funds.