The best FX trading strategies out there aren't some magic indicator, some weird hack, or quick little tip. Stop looking for those, you're going to lose. Instead, learn the one major thing top traders know that the other 99% do not.
Your Forex trading plan must include this one concept. You're entire account depends on it.
You can also read this on the blog: http://nononsenseforex.com/forex-basics/forex-trading-strategies/
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Awesome video my man, I remember running into it almost a year ago and what do you know, popped up on my recommendations.
Over time I found myself to be really old school, so yes I'm really big on technical, fundamental and mathematical analysis. I'm NOT talking about oscillators or RSIs or even MACDs developing systems for forecasting.
I'm proud to claim that I have mastered each graphical pattern on any time chart to predict the next move. Indicators are just a distraction for me, actually being able to read the charts like a coloring book for a 1st grader is where the hard work pays off.
Awesome.. I've been doing fx 5 yeras now and all this info its just confirming all my doubt and suspicions about this game.. Even the tools they gave you, they advertise them like they are helping you not to stay all day with your eyes in the computer but in reality every time you use any tool including stop loss or take profit they know exactly what you want to do. That's why I use another platform for that and on the real one I stay dark as much as I can..
Excellent channel!! I have been in the house the entire weekend watching allllll of this videos!!!! I am declaring and claiming I am leaving this job I have by the end of this year!!! This information is gold and I am soo excited I found this !!! Thank you again and keep the content coming!! I am here for allllll of it!!!!
There was no conspiracy between the banks and the S.N.B. that resulted in the SNB removing the hard 1.2000 floor. The SNB acted as it always does in isolation. The suggestion that they colluded with the major banks to dump on traders is absurd.
The video has some reasonable agruments but to say trading is all about us vs them is very radical. There are thousand of institutional traders, so to say big banks are there to bully you, it is just silly. Market moves both for financial factors and political factors. I agree that we need to know all the big players and Big banks do manipulated the market so i rated ur video about 40% true...
@VP do you think that this information you are in a sense leaking to the general public has the potential to change the tactical behavior of banks within the next couple of years, or do we represent such a small fraction of the retail pool that it really makes no difference?
Yeah. Banks manipulate currencies all day long and don't answer to anyone because they control the policies of each country they finance. The worst thing about that is they don't even loan money or finance anything based on real value. They take promissory notes with your signatures and deposit that note into the banks ledger as an asset then loan you made up numbers from your own promissory note. The bank never lends you their credit because it is illegal for them to do so. The real question is how can a loan that is unpaid be an asset? No surprise that their tactics reach into the FX trading sectors. Its one of the biggest currency grab schemes of our time. Good informative vid.
So my question may seem basic.....if I use support/resistance and trend to determine my entries and trades, are you saying that those practices are not valid due to the fact that the banks go against the majority of us doing such? I get what you are saying and totally agree, but what do we do if we aren't supposed to go with the "popular kids", yet what is the strategy to go against that?
Yeah they literally use that knowledge against you xD They know how the masses think, support and resistance are just an illusion, it’s all subjective. Would probs be better to use a 50 or 200 ema? Then at least it’s support or resistance which is generated by the market not you, if you get me! Happy trading 💰
Thankyou so much for this video. I am just beginning in forex. Using practice simulation to prove to myself I can trade successfully. Before risking live capital. And this seems very genuine because you aren’t selling anything. You aren’t giving fake fantasies this makes a lot of sense. In reality and those who choose to ignore it probably are the ones you speak of. If you can could you please make some videos for beginners ? Would be really helpful
[WSJ ]From 2015 article : Analysts also said the target would have come under increased pressure in coming weeks, particularly if the European Central Bank launches quantitative easing next week as most analysts expect, increasing the supply of euros and likely leading to further euro depreciation.
from article on announcement: The Swiss franc to euro exchange rate jumps by 30% immediately following a Swiss National Bank announcement. The bank will abandon its three-year-old cap on the swiss franc's value against the euro as well as lower the interest rate on sight deposits (instant access accounts) to -0.75% (the negative number meaning that the depositor has to pay the bank 0.75% per year to hold the depositor's money).
Your video gives a great perspective that no one else is talking about. I'm a subscriber now; have been watching some of your videos and your approach is certainly "No-Nonsense", I applaude you for it. I will be watching all your videos. Thanks.
VP! This is the video that started it all about 2 weeks ago. Been working with Forex for a little over 2 years. Did some demo, went live on a cent account.
Lost about $400-$500 over 4 reloads. At one point I doubled my account twice. Then gave it ALL back in a matter of days.
During those 2 years, I've watched over 150 videos. Read umpteen news events and forecast documents.
Back to 2 weeks ago, I crushed AUDUSD and was subsequently flattened by EURUSD. I was on the verge of quitting. I knew my main issue was money management. But I was trading alot on feel, FOMO, and S/R.
This video, when talking about "dumb money" hit real close to home.
Later in the week, placed 2 trades on the daily...best day of trading so far. Small winners, but I wasn't constantly checking my phone at work for entries and movement.
The way your content is laid out is fantastic. You encourage your following to do their own work. In fact, no hand outs here. Even when you give away indicators and strategies a lot of work is still required. Therefore, you are building stronger traders.
What you said! Saw this about two weeks ago. Lucky me my summer holidays started a few days after, and I am now close to having consumed all of VP's content, babypips included. Decided to take a step back and make more organized notes because they got a bit messy and I wanted to have the Podcasts and YouTube videos mixed in the order they came out, that is why I am seeing this video again. Been playing with Metatrader 4 and indicators not in the Dirty Dozen for the first time, have found the Disqord channel (they actually have a "back-testing" robot that looks very helpful to speed things up), and I am now getting ready to do some real back-testing. So glad i found NNFX, it is very inspiring!
Serious LightBulb moments. I've dabbled part-time for 2years, did a formal course this year, with moderate success and wiped accounts. Thanks for taking your time at no cost to give such quality content. you are a good man. Subscribed.
Big Banks are doing another swipe on the GBP/CHF tonight, taking out all the small Forex trader stops. It is fun watching it.
This is about the fourth night in a row. This is a good time for them to be doing this.
This is a great opportunity. Let's see what happens tomorrow night.
Thank you for what you are teaching. You have to have great knowledge to put all these videos together.
How they got rid of the peg?They hired a guy with name Phllipp Hilebrand and made him the authority for the currency market.He had to leave SNB because of some insider trade of his wife during the peg happened.
He has connections to the FED,BIS and many other high level financial Institutes.Leaving the SNB,he worked for Black Rock.
Yhe Finance magazine "The Banker "made Philipp Hildebrand the
" Central Bank Governor of the Year 2012 – Europe",
the peg happened in sep 2011 !
He was elected by the swiss government !(7 guys,elected by the parliament wich is elected by the people directly)
An Auditof the financial transactions could not find any insider activities by Hildebrand or his wife !(whitewashed)!
The insider thing was only a reason to let him go ....to Black Rock,where he is still working as ....vice chairman of an actually more than 6 billion company business.Nice promotion.And BTW,his now-wife(Margarita Louis- Dreyfuss,widow of Louis Dreyfuss) is the second richest person in Switzerland owning about 7 billion,dont tell me she doesnt know about insider trading.She was elected as a member of the board of the Swiss-American Chamber of Commerce (Am-Cham),a core institution of the swiss economy.
There is money and power on the line !
Looks like the Big Banks are doing a swipe on the GBP/CHF tonight. They would have taken out all the Fibonacci stops just above the A. It was interesting watching it.
Thank you for what you have taught me so far. Big Banks and ATR are the two videos that played out for me tonight.
In a sense, the little guy does not have a prayer.
It’s easy to pick apart a chart when everything is done but in a live market it’s not that easy especially with forex. You can look at the daily chart for trend and momentum can change in a heart beat. For those who think they will become millionaires by doing this be prepared to lose your capital before you start seeing any positive results. It’s a probability game simply put. Market is a cycle accumulation, manipulation and profit release. You do not know which cycle is present in front of your eyes till many bars later. Ranging markets are a true killer to your account it will wipe your whole account.
I never thought about having an account manager until someone referred me to a Mr Edward Thompson, with him managing my account I have a lot of profits and recovered my losses for the past two months.
My last trade with him yielded a profit of $10,700.. He is like some kind of trading god.
The problem is not that Facebook and Google are the only advertising platforms. The problem is that they are considered mainstream media and without these two, the trend of cryptocurrencies gaining legitimacy is delayed. That is right, I said delayed not blocked or prevented.
The World Has Changed.
Five years ago, when bitcoin was unknown to most people, this might have been a fatal move. Today is a different story. I recently traveled to a remote mountain town in the interior of Mexico. Everyone I met had heard about Bitcoin and eyes lit up with excitement when I ask if I could pay for lunch with bitcoin.
Today are dozens of websites dedicated to cryptocurrencies, either holding them, exchanging them or just writing about them. Probably the most effective advertising remains on Google, it is called Google Search and it is free.
If someone wants to learn about owning bitcoin or any other currency, there is a ton of educational information.
The Flipside Is Being Ignored.
Not All Regulation Is Inherently Bad.
If we examine the full spectrum of regulation to this point on a global scale there is one common target most everywhere. That is the practice of exchanges. So far there has been little or not regulation, threatened or enacted, to protect investors from loss of funds due to security breaches.
Capitulation Is A Good Sign.