A fake out is a tricky that is played to induce retail traders to place trades based on the support and resistance strategy /3/5 · Forex Trader Pro Tutorial: This video (and article) will explain the importance of risk and money management in having successful trades. This will also teach you a technique, which is exclusively thought in Top Dog Trading, to turn failed trades into profitable ones About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features
Forex Trader Pro Video Tutorial - Top Dog Trading
This post shows the importance of risk and money management in having successful trades and a technique that turns forex trading tutorial youtube trades into profitable ones.
March 5, by Barry Burns. Forex Trader Pro Tutorial: This video and article will explain the importance of risk and money management in having successful trades. This will also teach you a technique, forex trading tutorial youtube, which is exclusively thought in Top Dog Trading, to turn failed trades into profitable ones. Was this video on Forex Trader Pro Tutorial helpful to you?
Leave a message in the COMMENTS section at the bottom of this page. Welcome my friend to this FOREX Trader Pro tutorial on how to have field trades that make money. Kind of a strange statement, but yes, you can have failed trade to make money. In fact, I would propose that you better have them, forex trading tutorial youtube.
So here he is what I mean. But the more important question that I hardly ever am asked is, Barry, how do you manage risk and what type of money management methodology do you employ? And we would consider it a successful trade if the market broke this high here, right? We want it to make a higher high. Keep going. We want that three to one reward to risk ratio.
You got in the very bottom, which would be best case scenario and pretty much impossible; this will forex trading tutorial youtube even worse than we think. However, what happens, it does not break that high. In fact, it hits that high, this is now resistance. So you get the same resistance over here by the way. And I would say to you this — risk reward ratio and win loss ratio are inversely correlated. This is why there are a lot of people who make money just scalping the market.
Again, longer the time goes down, the less likely it is to continue because of all these different things that can happen between now and then that changes forex trading tutorial youtube sentiment.
Because of that, getting a good reward to risk ratio consistently more than half the time is nearly forex trading tutorial youtube. Just not really the statistics of how it works. So your win loss ratio will be lower if you insist on getting a great reward to risk ratio because those are forex trading tutorial youtube. If you just take a little scalp trade, then your win-loss ratio will be high, forex trading tutorial youtube, but reward to risk ratio will be low.
So what I do is I like to do a combination of the two. And I peel positions off. So what I will do is I will go ahead and lock in some profits up here. Not my whole position, but part of my position.
So I took a few lots there long. It does two things. Number one, it does put some green in your wallet. Why does it reduce your risk? Now, your risk on the trade is only two lots where at the beginning of your trade, it was for last.
So you lock in some profits here, forex trading tutorial youtube. Now, maybe you only lose about an eighth of your original position. They do get it but less than half the time. Scalpers have a huge win-loss ratio, but a very small risk-reward ratio. I mean that seriously would be kind of ridiculous. But some people would put their stopped down here and that is where my initial stop would be. You can think of it that way in this particular situation, but not only do we get that, then we also get an engulfing candlestick.
So the reason that I would then take that short, or at least they release, I would get out here instead of getting out here. And guess what that is? That is a failed trade that made money. A lot of money? Now, this again is a great reversal trade. Now, again, my initial risk would be this box and I now, we finally get a really nice reward to risk ratio trade.
Share this with other people. It gives you good Karma. Also, forex trading tutorial youtube, feel free to leave a comment and a thumbs up. Love your comments by the way. And finally I do have a very special trade that I want to show you called the Rubber Band Trade. And this one is a scalp trade, by the way. So it has a super high win-loss ratio. Much more detailed than I can do on these youtube videos.
And a little longer, obviously. Just send me an email at Barry TopDogTrading. What did you think of this tutorial on Forex Trader Pro Tutorial? Enter your answer in the COMMENTS section at the bottom of this page.
Just fill out the yellow form at the top of the sidebar o n the right. Skip to primary navigation Skip to forex trading tutorial youtube content Skip to footer Forex Trader Pro Video Tutorial This post shows the importance of risk and money management in having successful trades and a technique that turns failed trades into profitable ones.
March 5, by Barry Burns Forex Trader Pro Tutorial: This video and article will explain the importance of risk and money management in having successful trades.
How To Start Forex Trading For Beginners (2021) Full Course
, time: 40:16
About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features A fake out is a tricky that is played to induce retail traders to place trades based on the support and resistance strategy /3/5 · Forex Trader Pro Tutorial: This video (and article) will explain the importance of risk and money management in having successful trades. This will also teach you a technique, which is exclusively thought in Top Dog Trading, to turn failed trades into profitable ones
No comments:
Post a Comment