generate figures as much as these these or even these dedicating only one hour a day Monday through Friday without having to risk any of your money starting with zero [Music] literally only one hour a day risking none of your money and that is exactly what I'm going to show you inside this video I'm gonna be explaining to you the basics literally like if you're going to be starting from zero all the way to 100 you don't even have to know what a Forex pair is a PIV what is for nothing I'm gonna take care of you in this video and I'm even gonna explain how I took some of these winning trades that generated figures just like these for me this video is for you if you're looking to learn the most profitable skill ever you want to start a business with little to no money you want to get anywhere from a thousand to a thousand five hundred dollars a week as a beginner using my simple strategy and also if you want to learn how to master your whole entire psychology Zero from 100 because psychology is a very very key component to this this video is going to teach you the right way to get started just delete all of the noise that's out there on YouTube this is people that explain to you so many complicated things that makes no sense so this video whether you're a beginner an expert it's going to be the perfect way to start and I really want to do this video because I want to give you guys the tips that I wish I had at the beginning I want to help you guys be able to find Financial Freedom have the time and space to do whatever you want and the point of all this trading is so you can live the life that you really want so you can have the power of choice in doing whatever you want whenever you want and the way that I got all this crazy stuff and live this lavish lifestyle is by Swing or day trading in the Foreign Exchange Market also known as Forex treatment and as I've told you guys in the past in order to have this you don't need to have money spend more than an hour a day in front of the computer you don't have to quit your job you don't have to have a degree you don't need to be a professional mathematics you don't have to be all day on the computer there's a big misconception that people think oh if I want to trade or be involved on the markets I have to be in front of the computer all day that is false I probably spend one hour or 35 minutes a day in front of the computer Max when I'm trading literally all you need is a phone or a computer and you can get profits like these oh and one last thing before we start you're probably wondering who I am and why I have this type of authority to teach you this kind of stuff and the answer is I have multiple videos in my YouTube channel where I teach you to make anyone from a thousand to a thousand five hundred dollars a week with my strategy I also tell you my story how I went from Dunkin Donuts that's where I was literally working at Duncan five years ago so now becoming a successful day trader in this space and also my most recent video where I made a hundred and ten thousand dollars in one single day trading where I just recently broke my record for sixty thousand dollars in one day and also leading a community with over 400 students who I'm probably very similar condition to yours where they generated figures like these these or even these now without further Ado let's get started I'm gonna start from the basics what is Forex so Forex is short for foreign exchange so the foreign exchange is a market where you're either buying or selling of currencies while the stock market you're dealing with shares or units or owning a company and other stuff when you come to the Forex Market you don't own anything you're essentially betting that one price is going to go up or you're essentially betting that price is going to go down so let's say for example your USD you're not going to buy the Euro and then sell the dollar you don't own any tangible currency you're just digitally betting that price is going to go up or that price is going to go down so when it comes to trading Forex you have a ton of more benefits than trading stocks the fees are a lot more you have flexible hours because it's 24. 5 so you can either trade in the morning in the afternoon later at night you can literally trade whenever you want because it's 24-5 but there's obviously specific sessions which are the best ones to trade more on that later during the radio so make sure you stick to the ends there's so much more opportunity to make money versus the stock market you're literally moving 6. 3 trillion every single day compared to the stock market which Compares nothing to that so what is a currency pair I'm sure you guys have seen Euro USD USD JPY GBP USD and to the random person they probably think that I'm talking Chinese but this is actually a very simple way to look at it so whenever you have let's say for example Euro USD you have the euro versus the dollar so essentially it is the Euro getting strong or the dollar getting weak these two currencies together make a currency pair so let's say on your USD you want to buy you're basically betting that the euro is going to get straight stronger against the daughter this can be either for an hour for a couple of days for a week so basically when you buy euro USD you're betting that the euro is going to get stronger than the dollar whether that's for a minute for 10 minutes for an hour however long it is you're just betting that it's going to get stronger let's say you're selling your USB the currency pair you're betting that the dollar is going to be stronger than the Euro for the next hour 30 minutes the however long it is so you put both of these together you have Euro which is the base and then you have the USD which is then the quote so when can you take a trade so you can really take a trade from the second the market open so markets open Sunday 5 p.
m EST and then they close at 5 PM EST on Friday so you have trading opportunities from the second The Market opens all the way till it closes it is open 24 5. but there is a specific time zones that move a lot better which are New York session and London session and I highly recommend you don't take any trades at the beginning of the market open or at the close of the market open because the spreads are so high that they can either cost you a lot of money or take you out of your trade because the spread gets larger more on what spread is late in this video so make sure you stick around so you can literally take a trade whenever you want as long as you think it's the right trade it makes sense all you have to do is just click buy or click sub why is the dollar versus the Euro the most powerful or most traded pair well I mean it's pretty obvious right because the dollar and the Euro are the most common currencies in the world and those are the ones that have the most volume in the whole entire Market meaning that the cost to trade on Euro USD is by far the cheapest compared to any other currency pair so you can make money on Euro USD and it won't cost you anywhere near as much as it would let's say on trading the Mexican peso versus the Noggin those are currency pairs that don't get as much volume and the fees there are a lot more expensive how can I make money from Trading so you can literally make money from Trading when the market is going up or when the market is going down I wouldn't rather buy or I wouldn't rather sell there's been times where I've been buying for a whole entire week and there's been times where I've been studying for two weeks the money is made on either side because you're just betting you're betting that the market is going to go down or you're betting that the market is going to go up so if the market is bearish let's say in a situation like coronavirus when covet was happening you knew that the dollars were going down because there wasn't any movement you know what's going down you just keep selling with the trend now let's say that the economy starts getting better companies start moving there's money being made you know the market is bullish you just keep buying with the currency to the upside so you essentially make money whenever you're buying with the trend that is the easiest way to make money what is long or short so this is very simple right or also what is bullish or what is bearish so the definition of long is when you're buying so when someone says I'm long on Euro USD or I'm long on USC JPY GDP USD that means that they're buying that means that they think that the base of that car currency is going to get stronger than the other currency on that pair when someone's saying I'm short pretty self-explanatory that means that they are bearish so they're going to look to sell the trade so long means bullish bullish and long meet upwards short embarrassed they both mean that they're headed to the downside what is a bid ask spread so this is actually something very important because a lot of Brokers out there that would literally you because they have a lot of spread so spread is the difference between the amount how much the dealer is willing to sell you the currency versus how much they're willing to buy so let's say right now they say I can get your USD in at a dollar but I have to sell it to you at a dollar point five their spread is that 0. 5 so that's how much they make whenever they connect your trade to the market but there is a lot of Brokers out there that they can mark up that spread as high as they want they can mark it up to two dollars three dollars whatever they want and if you have a lack of knowledge or not using a right broker you can literally use so much money due to this spread so if you want to use the broker that I use that has one of the best spreads in the markets in my condition and even when the markets get tough that the spreads are raised because there's not a lot of volume they still have the tightest spread so make sure you guys check out the broker and the link in the description below they're the ones that I personally trust myself what is fundamental analysis so fundamental analysis is whenever you use the news or any type of fundamentals to dictate your trade it's a way of looking at the market whether you're analyzing economic social politics anything that may affect the currency positively or negative I personally myself I don't look at absolutely any fundamentals because it just takes away from what matters and which is the technical Market it matters is what's in front of you in the screen in the markets you're entering a trade based off technical analysis then you should strictly just stick to technicals if you're looking at a trade based off of fundamental attitude you just strictly just look at fundamentals personally for me I think fundamentals is a waste of time and it is extremely complicated I haven't used them in over four years and the moment that I stopped using fundamentals not only the trading get easier but I started becoming more profitable so for me fundamentals is xed out but it's good to know what they are because half the time whatever the news are going to say they're going to follow what the technicals do so it's even better to just stick the segments so what are these Forex charts or what are these lines that go up and down so these aren't actually lines so you these are called candlesticks and these type of charts that have candlesticks these are called Japanese candlesticks this type of chart is built off of these candlesticks showing you price action whether it is going up or whether it is going down you can see more on this on tradingview.
com this is where I'd say 99 of the people analyze their charts because it is the easiest way to see these candlestate patterns happen and then you can take your trades based off of that and if you want to read a free book on how to read these Chinese candlesticks the link is in the description below it is literally super easy it's probably 60 pages and it's just pictures explaining how to read the candlesticks very specifically so when you look at the chart you understand the whole entire flow of it what is a pip so I don't know why people get so crazy about what a pip is it's probably one of the simplest things and probably one of the things that you'll least use because Pips are just used to calculate your stop loss and your take profit more on that later in this video so a pip is literally point in percentage this is just to calculate the point in percentage of the currency whether it's your USD GBP USD USD JPY whatever currency pair this is just how you calculate the points with inside of it so let's say you have the broker that is buying the currency pair for a dollar they're selling it to you for 1. 05 like the example we did previously they use a pip to calculate that spread what is a lot size in Forex so there's actually something very key because a lot of people tend to over trade using higher Lots than they're supposed to so make sure you pay attention a lot size is basically what you're going to risk per trade that you take a lot size is what's going to show you exactly how much you're going to make or how much you're going to lose the bigger the lot size the more you make the more you lose the smaller the lot size the less you lose the less you're obviously risking there's websites out there like my effects book position size calculator position size calculator there's many websites out there where it literally shows you how much you should risk and it literally tells you the perfect lot size you should put on your trade so you don't over risk I've been doing this for over three years so I don't ever put my own lot size so I just don't have to do the math I just plug in my account size how much I want to risk what is my stop loss how many Pips is it and then it literally throws me on my lot side so I risk the amount of money that I want every single time but basically what it is they're just units that measure the trade and size that you refer to how much you're going to risk on the currency versus you're either going to buy or then sell so make sure you use the right lot size so you don't blow your account right over risk what is leverage in trading so this is actually very important because it can be very dangerous because if you use too much leverage you can either blow your account but if you use it the right way you can make a ton of money so Leverage is essentially borrowed money so you're essentially borrowing money that isn't yours so it's not like a credit you don't have to pay this money back or there's not a penalty if you use it when you use Leverage is you're borrowing money from the broker or from the investors whatever so you can trade a larger lot size so there's Brokers out there that they let you trade with a 1 to 50 leverage one to 100 leverage one to five hundred one to one thousand leverage which is absolutely insane I personally don't recommend anything more than a 1 to 100 leverage because if you're using now money or you're having now buying power of something that is a hundred times of what your account is you're prone to be able to risk so much more of your account that you can blow this much faster so if you don't have that type of buying power you're literally obligated limiting yourself to not over risk so if you have a small account let's say anything from 100 to 100 I recommend going up to 1 to 200 300 leverage because you might need some buying power to be able to flip your account to two three four five thousand pretty quick but if you have anything over 5000 I recommend you have at least or at most a one to 100 leverage so you just don't put your money at risk what is margin so I'm sure you guys have seen the memes out there like oh I got a margin call because I blew my account yeah that is basically what it is so margin means that you're trading with leverage which can increase the potential obviously of the returns because you're essentially borrowing money so the amount of margin is usually a percentage of the size of the position you're trading so it obviously varies based off of the Lots as you do so margin is just the increased risk of return based off of The Leverage you're using on the account different types of orders so what are Market orders they're basically different ways you can enter the market so there's five different ways you can enter the market the first one being Market execution meaning get me into the market right now as soon as I click the buy button or as soon as I click the sell button you want to get into the price as soon as you click the button meeting you want to pay what the market is giving you that very second this is probably what eighty percent of the Traders use and especially with my community or my strategy because you enter right away but you also have buy limit sell limit and then you also have a buy stop and sell stop a limit order is an ordered place to either buy below the market or sell above the market at a certain price this is an order that can either buy or sell the market once it reaches to a specific price point so they say you want to buy a the Euro USD at 1.
