Here are 5 things that will help you gain experience in Forex

You never know what’s going to happen, you only know through experience and that’s what helps you get experience except you don’t know what you’re doing and you just buy or sell and see what happens with enough experience doing things like this over and over again and not just in Backtesting but in live testing on a demo account.

Here are 5 things that will help you gain experience in Forex

I think I’m going to buy this time, and this is to illustrate how ridiculous it is when people snark saying oh, it’s in an uptrend so you should buy well, yeah, the trends are in Oh, it’s in an uptrend and it’s gone to a higher high, so it’s probably going to reverse So I would sell well, you know it could continue to stretch in that direction.

You use a demo account, yeah, yeah, you don’t want to lose money, it’s a stupid stupid thing to use a demo account forward to test real market environments, and that’s what allows you to get the experience to justify your use of intuition and the ability to say okay, I think this is going to go up, So I’m going to buy here and this comes from intuition, no strategy will make you profit.

What is the one thing that makes a manual Forex trading approach profitable?

If it were, you could just automate it and make millions of dollars but you can’t the one thing that makes a manual trading approach profitable like what Kirkland and I do right. Now it’s intuition and you can get that by literally doing what we do now on the charts.

We just gained experience, so we are sold now and we wanted to withdraw it at the previous highs that you want to keep or you want to close sorry sorry sorry that you want to keep or you want to add I’m going to add to it, so that’s a little bit of profit that you can keep or you can close.

Will you close the Forex trade with a profit or will you keep it?

We go ahead and we keep it and we’re feeling bold today my friend I’m feeling bold today my friend so I think it’s going to go up but we’ll see what happens you call that consolidation yeah whenever that happens?’s going sideways just connect.

So I’d better assume you were going to add it in there but let’s say you were asleep and you know you were asleep and you were in the bathroom and you were doing other things so let’s say you didn’t get a chance to manage it by adding to it.

What will you do now, will you close here with a profit or will you keep it? I’m kind of like on both sides I kind of want to close it and take my profits but at the same time what if that just goes down so here’s what we’re going to do, we’re going to flip a coin okay if that creates a single number between one and two.

Random number generator in Forex trading

One is the head two is the head of one, we keep two and we close everything is fine, two we close Okay, just guys I realize what just happened, the random number generator made the decision for us, and it’s a profitable trade and it’s crazy, we have $4 that we got Kirkland We can’t screw this up now we’re $4 away from our growth target.

You have no idea what you’re doing You’re still somehow growing your account by 10% You’re sure you’ve never traded before bro I think you’re lying bro This is supposed to be a video for beginners Okay, Okay, here you can just choose to buy or sell honestly.

I don’t like where it is though I don’t know, we’re going to use a random number generator bro, we have one so we’re going to buy not only a random number generator, but it tells us when to close the trade and that leads to a profitable trade but also Kirkland had no idea what to do.

Decide on a simple buy and sell process in Forex

He couldn’t even decide on a simple buy and sell so we just flipped the coin right and we’re going to buy so we bought and we’re going to see if it turns into a profit or a loss it’s probably okay so this exceeds the growth target but I’ll let you decide it’s a profit of 13 Canadian dollars It is already above the $100 target.

You can do whatever the hell you want, let’s add Kirkland to it and add it to the winning trade Kirkland’s feeling very bold today, his bet hasn’t paid off yet, and he’s down, so now he’s hit a new low, do you want to keep him or do you want Adding it up, let’s add more volume to it 03 What this shows here is just to show that the first trade made enough profit.

Close a deal and achieve your $100 Forex target.

Where we could have closed it and hit the $100 target but just to show that you can still absorb that bad and you can still make the money that Kirkland added to it at a lower price after he made the profit, it’s been reversed from the moment he added and now it’s added here in the draw, we’ll see How it will go before you make a decision.

Brett has proven that you can suck at trading but as long as you size your positions appropriately, you can still achieve the most results and profits. Now and then, you will have a trade run away from you if you trade this way and it will destroy your account.

Summary

If you’re able to grow your account most of the time before withdrawing and taking profits and doing it again, as long as that happens more than half the time, you’re profitable, so if you have a ruined account, that’s okay, yeah, it’s not that big of a deal in the giveaway scheme of things Provided you do well in the long term in Forex.