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Wednesday, February 8, 2017

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. 


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