Find More Stories Related to Forex Position Trading Oriental, INSIDE THE MIND: 24 yr old MILLIONAIRE (Stock Trading Guru).
We sat down with Steven Dux to find out more about his background, how he addresses criticism and more. Learn more below
Apply for Steven’s Freedom Challenge Program at: https://www.stevenduxi.com/freedom-challenge/
Steven’s Free Day-Trading Course with Account Statement ( $41K to 290K ): https://bit.ly/2Mvd2a8
Forbes: https://www.forbes.com/sites/joresablount/2019/09/14/this-star-trader-uses-youtube-to-share-million-dollar-trading-strategies/#3318f05c57ee
Steven’s YouTube Chanel: https://www.youtube.com/channel/UCQO8KW89UmUxltx8pQPrDRQ
Follow Steven
Instagram https://www.instagram.com/stevendux_1994
Twitter http://twitter.com/Steven1_994
*This video was sponsored by Steven Dux*
TIME CODES
0:00 – Intro
1:00 Steven’s background
3:16 His break up motivates him
5:10 How he made his first win
7:00 How he reads patterns
7:58 What’s Steven’s advantage?
9:08 We are Mr. Joe Dumbass
13:39 Don’t do what average people do
14:29 Steven loses 150k while filming this video
16:00 How Steven shorts stocks
19:20 What’s the minimum amount someone needs?
19:50 How he reads people’s behaviors
23:19 Steven is like Kobe
26:18 Showing his actual bank statement
27:29 Responding to the CRITICISM he gets
33:25 His goals beyond making money
36:00 Why it’s not crazy he made this amount
Subscribe Here! http://bit.ly/FungBrosSub
Check out my top videos! http://bit.ly/FungBrosTopVideos
Join the Fung Bros community and get access to special discounts, livestreams, Q&As, and more!
https://www.youtube.com/channel/UC9avFXTdbSo5ATvzTRnAVFg/join
———————————
Do you want to work in media? Do you have film skills? We’re looking for creatives in or around Los Angeles. If you’re interested email us at FungBrosHR@gmail.com with your name, experience and location. Thank you!
———————————-
▸ FUNG BROS SHIRTS & MERCH http://fungbros.merchlabs.com/
FOLLOW THE FUNG BROS.
▸ FACEBOOK // http://facebook.com/fungbros
▸ INSTAGRAM // http://instagram.com/fungbros
▸ TWITTER // http://www.twitter.com/fungbros
DAVID
▸ INSTAGRAM // http://instagram.com/davidbfung
▸ TWITTER // http://www.twitter.com/davidbfung
ANDREW
▸ INSTAGRAM // http://instagram.com/andrewjfung
▸ TWITTER // http://www.twitter.com/andrewjfung
CAMERA // @iamjohnxu
EDITOR //
MUSIC // Origami Beats (http://instagram.com/origamibeats), RickyFlarez (http://instagram/thebriando) Birocratic Beats, Erik Kingsley http://Instagram.com/erikingsley
#FungBros
Fung Bros
https://www.youtube.com/FungBrosComedy
Forex Position Trading Oriental, INSIDE THE MIND: 24 yr old MILLIONAIRE (Stock Trading Guru).
The Foreign Exchange Trading Position Technique
Over the in 2020 and a half, there have been some great trends, a lot of visibly short JPY first, and after that the recent lengthy USD pattern. In these problems, a lot of investors start to ask yourself why they are not making the kinds of professions where champions are delegated run for weeks or perhaps months, accumulating hundreds of pips in profit while doing so. This sort of lasting trading is called “position” trading. Investors that are used to shorter-term professions have a tendency to find this style of trading an excellent obstacle. That is a shame, since it generally the most convenient and most successful sort of trading that is available to retail Foreign exchange investors. Right here I’ll detail a strategy with rather easy regulations that just makes use of a few signs that you can utilize to try to catch and hold the greatest, lengthiest Foreign exchange trends.
Choose the Acquiring Currencies to Trade
Choose the Currencies to Trade. You need to find which money have been gaining over recent months, and which have been dropping. An excellent period to utilize for measurement is about 3 months, and if this is in the very same instructions as the longer-term pattern such as 6 months, that is great. One easy method to do this is set a 12 period RSI and scan the weekly charts of the 28 greatest money sets each weekend break. By keeping in mind which money are above or listed below 50 in all or nearly all of their sets and crosses, you can obtain a suggestion of which sets you must be trading during the coming week. The concept, essentially, is “get what’s currently been increasing, sell what’s currently been going down”. It is counter-intuitive, however it functions.
How Many Money Pairs to Trade?
You must currently have in between one and four money sets to trade. You do not need to try to trade a lot of sets.
Set up Charts for perpetuity Frames
Set up charts on D1, H4, H1, M30, M15, M5 and M1 time frames. Install the 10 period RSI, the 5 period EMA and the 10 period SMA. You are looking to get in trades in the instructions of the pattern when these signs line up in the same direction as that pattern on ALL DURATIONS during energetic market hrs. That suggests the RSI being above the 50 degree for longs or listed below that degree for shorts. Pertaining to the relocating averages, for a lot of sets, this would certainly be from 8am to 5pm London time. If both money are North American, you can extend this to 5pm New York time. If both money are Asian, you might also search for professions during the Tokyo session.
Determine Account Portion to Risk on each Trade
Choose what percentage of your account you are mosting likely to take the chance of on each trade. Generally it is best to take the chance of less than 1%. Determine the cash money amount you will take the chance of and separate it by the Typical Real Variety of the last 20 days of both you will trade. This is just how much you must take the chance of per pip. Maintain it constant.
20 Day Typical Real Array Away
Go into the trade according to 3), and put a tough quit loss on 20 day Typical Real Array Far from your entrance rate. Now you must patiently view and wait.
Positive-Looking CandleStick Pattern in the Desired Direction
If the trade steps versus you swiftly by around 40 pips and shows no indicators of returning, leave manually. If this does not take place, wait a few hrs, and examine once again at the end of the trading day. If the trade is revealing a loss at this time, and is not making a positive-looking candlestick pattern in the desired instructions, after that exit the trade manually.
Retrace Back to Your Access Point
If the trade is in your favour at the end of the day, after that view and wait on it to retrace back to your entrance point. If it does not get better once again within a few hrs of reaching your entrance point, exit the trade manually.
Trade Level of Revenue Dual to Hard Stop Loss
This must continue until either your trade reaches a degree of profit double your difficult quit loss. At this moment, relocate the quit to break even.
Move the Stop-Up under Assistance or Resistance
As the trade relocates more and more in your favour, relocate the stop up under assistance or resistance as appropriate to the instructions of your trade. Eventually you will be quit out, however in a good pattern the trade must make thousands or at least thousands of pips.
You can customize this technique a little according to your preferences. Nevertheless, whatever you do, you will shed the majority of the professions, and you will undergo long periods where there are no professions which is dull or where every trade is a loss or breaks even. There will be frustrating minutes and tough periods. Nonetheless, you are bound to earn money over time if you follow this sort of trading technique, since it adheres to the ageless concepts of durable, successful trading:
Cut your losing professions short.
Allow your winning professions run.
Never take the chance of excessive on a solitary trade.
Dimension your placements according to the volatility of what you are trading.
Trade with the pattern.
Do not bother with catching the first segment of a pattern, or its last. It is the component between that is both risk-free and successful enough.
Find More Stories Related to Forex Position Trading Oriental and Financial market information, analysis, trading signals and Foreign exchange mentor evaluations.
Disclaimer about High Risk
Please note that trading in leveraged items might entail a substantial degree of risk and is not ideal for all investors. You must not take the chance of more than you are prepared to shed. Prior to deciding to trade, please guarantee you comprehend the risks entailed and consider your degree of experience. Seek independent guidance if needed.
