Broker or any other guru are not telling you

Target for Beginners

100 Pips week

Example trade 500 pesos per pip

Potential Gain 100 pips x 500 = 50,000 per week profit


Does that look promising?? i just saw this on facebook in which I am going to tell you the whole truth. Not half or not just showing the potential. But first is that Possible? definitely YES! it is possible. getting 100 pips per week is easy but trading 500 per pip, are the most missed part and not explain in details. As for me I was hook in this kind of marketing strategy in which it led me to gambling not trading. They might show you some trades with actual pips earn and equivalent trade size. But what you are not seeing as a totally stranger to forex is the process in trading 500 per pip with confidence. Some not All have showed you how it was done and because you are new and because you see how it was made common mistake is you have seen it cured then you thought it is a cure. Since you have seen it you thought that is how to do it. since they gave you answer then you thought that will be the answer. Remember its not like common business that there is cause and effect. Its not like farming if crops are dying because of pest you spray insecticide.  its never about if this is the problem this is the solution. It will never be that way.

Since they knew people think that way they will entice you of the potential but limiting or even not explaining the type of solution to use and why. they might say the reason but not explain how it is affecting a person with different attitude and personality. Now let me rephrase the above statement

Target for Beginners

100 pips per week

Example trade 500 pesos per pip

Potential Gain 100 pips x 500 = 50,000 per week profit (very nice)

Potential Lost 100 pips x 500 = 50,000 per week Lost (will this entice you?)


Normally they will say, that is why we will teach you how and what strategy, Boom!!!  another marketing Strategy. There is nothing wrong with this because you will learn but the question is are they teaching you to trade like them or trade the way you are comfortable. How can you be comfortable? Ill give you a concrete example Your Boss  want you to do something which you know you can do it well and perfect. But the problem is the way your boss want it done is far more difficult to your ways. Take note doing it the way your boss want it done, normally you will have errors on the process.  and errors in trading can be devastating.

Then again they will say that is why you need practice and try demo, My friend I am not against on those learning what I am against is the way how they present it and the way how they teach you. So does that mean they wrong? NO they are not wrong yet they are not also right. then what seems the problem? pls be aware that in trading there is no right or wrong. Yes what they are teaching is a proven strategy, but the question there is how much will it cost you to perfectly and consistently follow it? Once you have mastered it will it give you assurance this this will work forever? For how long can you keep up on following coz for all you know there will be changes every now and then.

Even me I discourage you to follow my strategy unless we have common personality and attitude. So how can you learn forex? May i suggest to ask yourself first why do you want to learn forex?Pls dont give me the answer to earn to profit you must have deeper reason. The deeper your reason is, will also reflect how committed you are. coz slight error you will make will burn you down. If you dont have deep and right foundation after wiping out your account or after testing few tools you will quit. Believe me technicality is the easiest part, getting 100 pip is the easiest part. But applying all those technicality takes time to understand. putting them in right formation will need experience. and tremendous effort.

Dont be discourage but rather be encourage why because forex have the ultimate potential than can be the solution to your situation. I am just showing you the two side of the coin for you to prepare yourself for the better. coz in trading you will only loose if you quit.

Focus on knowing yourself coz if you knew who you are 
then its easy to know what kind of trader you will be. 

if you  know what kind of trader you are then its easy for you to pic the right tools for you to use. 
and if you have the right tools that is tailored fit for you 
then its easier for you to understand the characteristics of the market. 

 if you will understand the characteristics of the market you will not chase it but rather wait for it.

 Its good to try other people strategy for learning sake but it will be worst if follow it because it will give you profit. why? because sooner or later you will snap, you will explore.  Explore to learn not to profit. Explore to establish your skill coz once you got that skill profit will follow.

Harmonic Pattern

Above is the different Measurement to determine a specific pattern. Take note to early detect what kind of Pattern the chart is forming we have to look on the retracement of XA which is the length of AB.

AB = retracement of XA

IMPORTANT

Bat Pattern will always have retracement of 38.20% to 50%  of XA like above pic
Butterfly Pattern will always have retracement of 78.6%  of XA
Gartley Pattern will always have retracement of 61.8% of XA

BC = retracement of AB

For BC all patterns will have 38.2% to 88.6% retracement of AB, if BC retracement is the same hight of AB then there will b no pattern that is going to make.

ABCD Pattern

IMPORTANT

All Pattern must have ABCD Pattern it has to be the 127% or the 161.8% of BC
You could also start trade on C point where the ideal stop lost will be A point and the take profit will be 1.27% or 1.618% for conservative approach take profit will be 38.20% or completion of formed triangle.

D point

IMPORTANT

Bat will strictly be on the 88.6% retracement of XA and  in between 161.8% to 261.8 of BC
Butterfly will strictly be on the 127% retracement of XA and in between 161.8% to 261.8% of BC
Gartley will strictly be on 78.6% retracement of XA and in between 127% to 161.8 of BC

to trade you must be on the D point stop lost on Bat and Gartley must not be beyond X point

all this measurement are based on lessons from
http://en.tradimo.com/learn/technical-analysis/chart-patterns/gartley-chart-pattern
http://www.profitf.com/articles/patterns/harmonic-pattern-bat/

You may Want to watch the whole Video on how to identify them

Crash Course learning Forex

Before anything else to save you time and energy this is what you are going to expect

1. This is not quick overnight get to rich system
2. your success will depend on how committed are you
3. The faster you can apply your learning the faster you will earn
4. It took me a year to learn since i dont know how where to start. So ill show you steps in this
5. I could only show you how but to use it its up to you to do it. 
6. Everything i teach i have tested them it works for me and others, hope it will work for you
7. I could not assure it will work for you since trading will greatly depend in  your personality and attitude. 

So to start, here is what you are going to do first

CHAPTER I: Stages in Learning Forex

Watch this Youtube in exact order and do not skip it. I have explained here the detail maps and things you need and undergo. If you skip or watch this video not in exact order then dont bother to continue. you might as well get a live account and trade right away. prepare to loose big time or give up easily.

click to watch video

CHAPTER II: Learn the terms 

1. Pips and points
        WATCH = https://youtu.be/bl7vaA_J22c
2. Leverage, Spread, Margin and Trading size
        WATCH = https://youtu.be/sR1667OcTiQ

Skipping this chapter will also Mean you can not identify what type of account you need to get. You will also learn about spread and margin call which one of the factor you need to look at when choosing a broker.

Scalper trader will never choose broket that has huge spread. I have also explained on that video the reason why forex is the fastes way to profit and also to be broke.

CHAPTER III: Register to a Broker and Account Setting

Pepperstone = Minimum $200 you can use Paypal or Bank transfer


Account setup Recommendation
pepperstone = leverage 1:100 or 1:500


Important create DEMO account First


Importan you must verify account before putting money in to it
Guidlines from verification and Funding

(Video available soon )

CHAPTER IV: Understanding who you are

It is important to watch this youtube

Statics shows that only 10% will be successful on trading and the rest are not. Why do you think they have this percentage? Was it because Learning all those technicality is so damn hard? Is it because they realize that there is no assurance on trading?. Or is it because they not only understood the risk but even in the situation that the risk that they knew is now the consequence.

How important is this chapter? I tell you this is much more important than what you have learned in the previous chapter. Infact this chapter is the longest chapter compare to the previous one. for this will teach you to self heal when you feel that trading is not for you. 90%  of people stop trading because they have missed this important part. although this is only guide but it help me push, help me continue even i have blown out 5 accounts already. even im in a debt for the reason of learning forex trading. even my current situation is far beyond offset on what is the potential of forex trading.

It is my best interest that you will not burn your account. but untill you do you will ask me the details of this chapter or visit this link to give you idea on how to know your identity in life which can be use in trading

https://fxact.blogspot.com/2018/06/know-your-identity.html?m=0



CHAPTER V: Practice and Identify Basic Trading

1. Support and Resistance = Stop lost and take profit
2. Fabonacci = Stop lost and take profit, point of entry
3. Candle stick = point of entry
4. Moving Average = Never trade against the trend
5. Structure
6. Fundamental = market movers 

IT is very important for you to practice this five for you to identify market direction,  What is difficult    here is the application of those 5 basic trading on the actual trade. I tell you the more you are expose, the more you are practicing, the more you give time on this you will get better and better. pls  DO NOT PUT MONEY untill you have at least 1 expertise on those 5 Basic Trading and if you manage to use 2 or more of this Basic trading the bigger chance you could profit. but for a start learn these 5 Basic Trading and pick at least 1 you need to be expert. 

Video are available on each basic trading you just have to comment below and ill give the link

CHAPTER VI: Practice Potential Huge Return 

IMPORTANT huge return = huge looses so if you dont do 5 Basic trading and have at least 1 expertise then I promise you will LOOSE Big time even wipe out your account. learn from me i have done this.

1. Head and Shoulder Pattern = my favorite
2. ABCD Pattern = support head and Shoulder and Pattern
3. Harmonic Pattern = Butterfly and Bat Pattern 
4. Flag, Channel, Triangle Break out

more video available on technic and strategy on pattern just comment below and ill give you the link

CHAPTER VII: DEVELOP STRATEGY in Trading

1. pull back Strategy
2. Scalping Strategy
3. Swing Strategy
4. Money Management Strategy
5. Break out Strategy
6. Trading Plan Strategy
7. Fibonacci strategy

Example on what i have develop (again whis may not work on you)


Proof that my strategy work and how it FAIL

I could list lot of strategy which you could also watch on my youtube some of it. However for this stage it will be your self to do this. once you do have expertise in 5 basic trading and have pattern I assure you you could develop your own strategy in trading.

The reason what you found on youtube will not work on you because those are develop according to their expertise and driven by their attitude and personality. My role here is to show you how is it done and how i do it but it has to be yourself to Develop specific strategy to trade your account.

Bare in mind every strategy has its weakness that is why it is important to practice for you to identify the market and pick a kind of strategy that you created for certain period of time. Since we dont know what will happen tomorrow then better create 3 or more strategy or Concentrate in only 1.

May I recommend watch every video i create they are all important. to notify you new videos which i always create every week subscribe on my youtube channel

https://www.youtube.com/user/ulingwapo

HEADS UP - it took me 1 year to learn that and currently I am applying it which is the hardest part. I give this info for free so that you will know where to start and what to do. Unlike me I tried everything which most of them are useless and it cost me also a lot because of trial and error. Once I manage to build my account into stability this info will not be free anymore. So better take part of it for the mean time this is free. I put all my effort, time and money for this info so dont just disregard it. 

binary signal program

You just have to copy and paste this to your trading view. it will be also better if you edit this that suit to your personality

//@version=2
study("binarysignal", overlay =false)

a = ema(close,12)
b = ema(close,26)
c = sma(close,55)

long = cross(a,c) and a > c
short = cross(a,c) and a < c

plot(long, "long",color=green, linewidth=1)
plot(short, "short",color=red, linewidth=1)


 Since this is free I just want you to comment on this blog or on my youtube video https://www.youtube.com/user/ulingwapo