Here I want to share with you about Break Even (BE)
BE is a measure to protect your capital or existing entry/capital account from continuing to suffer losses after profit
In other words, no profit and no loss in your trade.
This step can be done by changing the SL level with the price we enter.
You can see the picture on the left for stop loss (SL) and the right one that you have to change to BE
Hope this knowledge is useful for all of you to become a discipline Trader 👑
BE is a measure to protect your capital or existing entry/capital account from continuing to suffer losses after profit
In other words, no profit and no loss in your trade.
This step can be done by changing the SL level with the price we enter.
You can see the picture on the left for stop loss (SL) and the right one that you have to change to BE
Hope this knowledge is useful for all of you to become a discipline Trader 👑
This is the calculation of pips counting.
How to Count Pips! Why should I know about pips? 🤔
✅ Know how to calculate when to trade
✅ To place TP, BE & SL points
✅ So that we know how to calculat risk
Sounds like basic but not everyone understands the importance of pips!
Looks small but poisonous 😊 I will share more. These are all basic things that you here should know first okay 👍🏻
One by one first, so it's easy for everyone to catch up when I start teaching next techniques 👍🏻
How to Count Pips! Why should I know about pips? 🤔
✅ Know how to calculate when to trade
✅ To place TP, BE & SL points
✅ So that we know how to calculat risk
Sounds like basic but not everyone understands the importance of pips!
Looks small but poisonous 😊 I will share more. These are all basic things that you here should know first okay 👍🏻
One by one first, so it's easy for everyone to catch up when I start teaching next techniques 👍🏻
This is a Pattern Chart that usually occurs at the gold pair. It's easy to trade this gold. Let's try to look and observe one by one the pattern chart that I show here.
All of this usually exists before the fast -moving market. This can be considered as a sign of a change in the direction of a market.
Later I will explain in more detail. Let's see it first 😇
All of this usually exists before the fast -moving market. This can be considered as a sign of a change in the direction of a market.
Later I will explain in more detail. Let's see it first 😇
Remember, forex risk management is KING. Without it, even the best trading strategy will not make you consistently profitable trader.
Rise and shine millionaire! ☀️
Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.
A successful trader must learn to be a good loser before can start winning 💪🏻 let’s enter the battle!
Unmute & Pin 📌 this channel to avoid missing out!
Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.
A successful trader must learn to be a good loser before can start winning 💪🏻 let’s enter the battle!
Unmute & Pin 📌 this channel to avoid missing out!
DOUBLE TOP AND DOUBLE BOTTOM
1- Double top is the price up to the resistance part for twice. Strong resistance causes the price to not be able to break the resistance which has fallen
DOUBLE TOP: SELL ONLY
2- Double bottom is the price up to the support as many as 2 times. The strong support section causes the price to fall further and continue to rise
DOUBLE BOTTOM: BUY ONLY
1- Double top is the price up to the resistance part for twice. Strong resistance causes the price to not be able to break the resistance which has fallen
DOUBLE TOP: SELL ONLY
2- Double bottom is the price up to the support as many as 2 times. The strong support section causes the price to fall further and continue to rise
DOUBLE BOTTOM: BUY ONLY
HEAD & SHOULDER
This pattern is divided into two:
1-Head & Shoulder
2-Inverted Head & Shoulder
Head & Shoulder serves as a pattern for us to find a sell.
We will sell when we have seen the formation of the 1st shoulder and head. So we will sell on the 2nd shoulder
HEAD & SHOULDER: SELL ONLY
Inverted Head & Shoulder also works the same but we are looking for a buy on the 2nd shoulder
INVERTED: BUY ONLY
This pattern is divided into two:
1-Head & Shoulder
2-Inverted Head & Shoulder
Head & Shoulder serves as a pattern for us to find a sell.
We will sell when we have seen the formation of the 1st shoulder and head. So we will sell on the 2nd shoulder
HEAD & SHOULDER: SELL ONLY
Inverted Head & Shoulder also works the same but we are looking for a buy on the 2nd shoulder
INVERTED: BUY ONLY
This is Martingale Layer :
Martingale layer are use to maximise our profit & minimise our loss..
When it is a buy setup:
- Always start with a minimum lot saiz (0.01)
- if it goes down -10pips, add one more entry with a bigger lot (0.02)
- if it goes down another 30/40pips, you put your last layer with a bigger lot saiz..
When it is a sell setup :
- Always start with a minimum lot saiz (0.01)
- if it goes up -10pips, add one more entry with a bigger lot (0.02)
- if it goes up another 30/40pips, you put your last layer with a bigger lot saiz..
With this method.. you will get the best result i can promise.. if the setup hit SL, your losses will be smaller comparing if you start entry with a big lot and don’t use martingale setup.
I hope you understand what im trying to explain here 😇
Martingale layer are use to maximise our profit & minimise our loss..
When it is a buy setup:
- Always start with a minimum lot saiz (0.01)
- if it goes down -10pips, add one more entry with a bigger lot (0.02)
- if it goes down another 30/40pips, you put your last layer with a bigger lot saiz..
When it is a sell setup :
- Always start with a minimum lot saiz (0.01)
- if it goes up -10pips, add one more entry with a bigger lot (0.02)
- if it goes up another 30/40pips, you put your last layer with a bigger lot saiz..
With this method.. you will get the best result i can promise.. if the setup hit SL, your losses will be smaller comparing if you start entry with a big lot and don’t use martingale setup.
I hope you understand what im trying to explain here 😇
Forex Trading Tips for Beginners
1. Know the Markets
Take some time to study the available currency pairs and what affects the pair before trading.
2. Make a Plan and Stick to It
Create a trading plan for yourself. Make sure you set a profit target every day and make a plan that makes sense with capital.
3. Practice
Continue to backtest the knowledge you have taught and practice in the real market as well. If you are afraid, you can try the demo first, which is important for your efforts!
4. Know Your Limits
This thing is important, you need to know the acc limit that you trade. How much are you willing to lose for one setup and please don't risk more than you can afford! Make an estimate of risk and reward before you enter.
1. Know the Markets
Take some time to study the available currency pairs and what affects the pair before trading.
2. Make a Plan and Stick to It
Create a trading plan for yourself. Make sure you set a profit target every day and make a plan that makes sense with capital.
3. Practice
Continue to backtest the knowledge you have taught and practice in the real market as well. If you are afraid, you can try the demo first, which is important for your efforts!
4. Know Your Limits
This thing is important, you need to know the acc limit that you trade. How much are you willing to lose for one setup and please don't risk more than you can afford! Make an estimate of risk and reward before you enter.
TRADING TIPS BY Live Research Lab !
1. Set our daily target. 10usd/100usd/1000usd.
2. Set our target, be realistic.
we set our target amount in accordance with the amount we have deposit.
EXAMPLE:
Deposit 100 usd. set our daily target of 10 USD. be realistic. Forex trading is HIGH RISK. Don't you ever think of a fast growth. then you make a target deposit of 100 usd a day to grow 1000usd. it is possible. but very high risk.
So, you make your target achievable but at the same time, it’s very worth your investment.
step by step.
100usd daily target is 10 usd. weekly target is 50usd / 100usd. So when you reach the target. stop your trade, and enjoy your life. spend your time with other things.
So be realistic. if you make a deposit of 10K usd, so set your daily target of 100 usd. weekly target is 500 usd.
Forex wins big and fast returns. But very high risk. So the rules for success in trading is to manage risk properly.
Deposit 100usd
A week can be 50 usd, a month can be 200usd. 200x4.3 = 15,000 rupees is enough to add to your savings, right?
In the world of trading, you have to always be alert. Don't chase too much to make a lot of profit, then if you lose, you would blame others. NO. Please get rid of this forex mindset which is getting rich quickly. Make it as a long term investment. slow and steady.
Consistency is the key 🔥
1. Set our daily target. 10usd/100usd/1000usd.
2. Set our target, be realistic.
we set our target amount in accordance with the amount we have deposit.
EXAMPLE:
Deposit 100 usd. set our daily target of 10 USD. be realistic. Forex trading is HIGH RISK. Don't you ever think of a fast growth. then you make a target deposit of 100 usd a day to grow 1000usd. it is possible. but very high risk.
So, you make your target achievable but at the same time, it’s very worth your investment.
step by step.
100usd daily target is 10 usd. weekly target is 50usd / 100usd. So when you reach the target. stop your trade, and enjoy your life. spend your time with other things.
So be realistic. if you make a deposit of 10K usd, so set your daily target of 100 usd. weekly target is 500 usd.
Forex wins big and fast returns. But very high risk. So the rules for success in trading is to manage risk properly.
Deposit 100usd
A week can be 50 usd, a month can be 200usd. 200x4.3 = 15,000 rupees is enough to add to your savings, right?
In the world of trading, you have to always be alert. Don't chase too much to make a lot of profit, then if you lose, you would blame others. NO. Please get rid of this forex mindset which is getting rich quickly. Make it as a long term investment. slow and steady.
Consistency is the key 🔥
Aggressive Trader
Here I want to share with you about Break Even (BE) BE is a measure to protect your capital or existing entry/capital account from continuing to suffer losses after profit In other words, no profit and no loss in your trade. This step can be done by…
If you guys dont know to set BE, you guys can refer this ☝🏻
Dicipline is Key 🔥
Dicipline is Key 🔥
Hello guys! Let’s continue our secret education Live Research Lab free for all!! 😎
MARKET MOVEMENT
There are 2 types of market movement, which are BULLISH AND BEARISH
BULLISH means the market is going up or called UPTREND. In BULLISH market the trader will buy first at a low price and sell later at a high price to get PROFIT
The position for the bullish market is BUY
BEARISH means the market is declining or called DOWNTREND. In a bearish market, traders sell first at a standing price and close a position at a low price to get PROFIT
The position for the bearish market is SELL
There are 2 types of market movement, which are BULLISH AND BEARISH
BULLISH means the market is going up or called UPTREND. In BULLISH market the trader will buy first at a low price and sell later at a high price to get PROFIT
The position for the bullish market is BUY
BEARISH means the market is declining or called DOWNTREND. In a bearish market, traders sell first at a standing price and close a position at a low price to get PROFIT
The position for the bearish market is SELL
The next topic for those who is a newbie with no knowledge about trading.
The application that we use to trade is MetaTrader 4 & Metatrader 5. You can download on your phone.
What is the difference between 4 & 5?
Metatrader 4 is an old application. Sometimes there are people who are used to using mt4, not used to using mt5.
While Metatrader 5 is a new application. In mt5 more functions are available and more improvised than mt4.
You can download and try to see these 2 apps first.
You can learn on youtube on how to use metatrader 4/5. So you can add more knowledge 👍🏻
What is the difference between 4 & 5?
Metatrader 4 is an old application. Sometimes there are people who are used to using mt4, not used to using mt5.
While Metatrader 5 is a new application. In mt5 more functions are available and more improvised than mt4.
You can download and try to see these 2 apps first.
You can learn on youtube on how to use metatrader 4/5. So you can add more knowledge 👍🏻
Aggressive Trader
This is Martingale Layer : Martingale layer are use to maximise our profit & minimise our loss.. When it is a buy setup: - Always start with a minimum lot saiz (0.01) - if it goes down -10pips, add one more entry with a bigger lot (0.02) - if it goes…
If i told you to add another layer, you guys can learn and understand this technique✊🏻
LAYERING & LOT SIZING
📈 Layer-ing:-
Layer entry is one of the easiest ways to control/manage our risk. Haa ?! What ?! How can layering control and manage our risk? Must be weird right? Usually when you hear layering, the risk must increase, right? Haaa you think like that because you don't know the real technique for layering. I will share tips for correct layers. Not just blindly open positions.
📉 Lot Sizing (Money Management):-
Lot sizing is the most important thing in trading. It is an important factor that many newbies do not take into account. Most newbies will do whatever they want and act as the market is theirs. Lot sizing will affect various aspects in trading including, the way we will entry layer, loss and profit.
(Refer below for more details 👇)
📈 Layer-ing:-
Layer entry is one of the easiest ways to control/manage our risk. Haa ?! What ?! How can layering control and manage our risk? Must be weird right? Usually when you hear layering, the risk must increase, right? Haaa you think like that because you don't know the real technique for layering. I will share tips for correct layers. Not just blindly open positions.
📉 Lot Sizing (Money Management):-
Lot sizing is the most important thing in trading. It is an important factor that many newbies do not take into account. Most newbies will do whatever they want and act as the market is theirs. Lot sizing will affect various aspects in trading including, the way we will entry layer, loss and profit.
(Refer below for more details 👇)
💡 Lot Sizing Tips (Money Management) :-
50 usd :-
High risk = 0.10 lot
Mid risk = 0.05 lot
Low risk = 0.01 lot
100 usd :-
High risk = 0.20 lot
Mid risk = 0.10 lot
Low risk = 0.01 lot
200 usd :-
High risk = 0.40 lot
Mid risk = 0.20 lot
Low risk = 0.02 lot
500 usd :-
High risk = 1.00 lot
Mid risk = 0.50 lot
Low risk = 0.05 lot
1000 usd :-
High risk = 2.00 lot
Mid risk = 1.00 lot
Low risk = 0.10 lot
If you have an amount that is different from the amount above. Take the amount that is closest to the amount above and try to calculate.
50 usd :-
High risk = 0.10 lot
Mid risk = 0.05 lot
Low risk = 0.01 lot
100 usd :-
High risk = 0.20 lot
Mid risk = 0.10 lot
Low risk = 0.01 lot
200 usd :-
High risk = 0.40 lot
Mid risk = 0.20 lot
Low risk = 0.02 lot
500 usd :-
High risk = 1.00 lot
Mid risk = 0.50 lot
Low risk = 0.05 lot
1000 usd :-
High risk = 2.00 lot
Mid risk = 1.00 lot
Low risk = 0.10 lot
If you have an amount that is different from the amount above. Take the amount that is closest to the amount above and try to calculate.