Search Latest info About Forex Event Driven Trading Yang, Scaling Up Trading To 6-7 Figure Income – Siam Kidd | Trader Interview.
In this episode of the Desire To Trade Podcast, I interview full-time trader and business owner Siam Kidd. He shares how he’s been able to create financial freedom and a great lifestyle through his own trading.
Siam has a very interesting story of how he transitioned into trading and how he had to learn to trade the hard way. Trading the daily chart, Siam Kidd spends a great majority of his time building businesses.
In short, Siam has used Forex trading as part of its other streams of income to become financially independent. His trading takes on from 5 to 10 minutes a day on average, which means that Siam has enough time to concentrate on other interests/passions/businesses.
Throughout this interview, Siam placed a lot of emphasis on the fact that replacing a full-time job with full-time trading is none sense. The goal of Forex trading is to increase the freedom in your life, and Siam Kidd sees trading as a stream of income.
WATCH MORE:
Earlier interview with Siam: https://youtu.be/HN9EcO0LBmw
Siam Kidd on Youtube: https://www.youtube.com/user/siamkidd
📈 FREE Training “Get Funded & 50x Your Trading Capital!”: https://desiretotrade.co/PropFirmTrader
// You Might Also Like…
– Professional Trader’s Success Story – Courtney Smith: https://youtu.be/11RG_kg5m6A
– FUNDED TRADING ACCOUNTS: What No One Tells You!: https://youtu.be/CL73FY9nLsE
– “Train your Mind to Make Money!” – Rande Howell: https://youtu.be/qq-_QuO2qRM
– 3 Apps Every Forex Trader Needs To Be Successful (2020): https://youtu.be/09XnQzm18jc
– The True Life of a Forex Trader | Forex Trader Motivation: https://youtu.be/ZH8A8TZs948
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// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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Forex Event Driven Trading Yang, Scaling Up Trading To 6-7 Figure Income – Siam Kidd | Trader Interview.
Lack of knowledge is Not Happiness
The factor I’m spending any time discussing what I did above was simply to hopefully open your eyes as to simply how intricate deciding whether a spike will continue, can be. It is not for the novice, yet most beginners drool over the prospective quick cash that can be made trading these points. And also most obtain eliminated at the same time, due to the fact that they’re generally appearing at the O.K. Corral with a BB gun. They have couple of, if any type of stats, with which to work, or enhanced strategy, and so on. In addition to latency in execution problems, and so on.
As rare as spikes can be, outright conviction in regards to their continuation is a lot more rare. As an instance, for myself, with everything I recognize at this point, it could happen 2 5 times monthly relying on the context, and also 5 is pressing it. I’m simply human. Any other human with a regular ability to discover is most likely going to fall in similar territory.
I’m discussing seeing a preliminary first reaction to the information or event, and also within secs of digesting the headings stating to myself “yes, as long as absolutely nothing else conflicts, this is going to continue, no doubt regarding it.” But after the spike takes place, what after that? What various other ways of analysis do we have?
Exactly how do money markets work?
Unlike shares or products, foreign exchange trading does not take place on exchanges but straight in between two parties, in an over-the-counter (OTC) market. The foreign exchange market is run by a global network of financial institutions, spread out across 4 major foreign exchange trading centres in different time zones: London, New York City, Sydney and also Tokyo. Since there is no central area, you can trade foreign exchange 1 day a day.
There are three different sorts of foreign exchange market:
Place forex market:
The physical exchange of a currency set, which happens at the precise point the trade is settled ie ‘right away’ or within a short amount of time
Onward foreign exchange market:
an agreement is consented to buy or offer a set amount of a currency at a defined price, to be settled at a set day in the future or within a range of future dates
Future foreign exchange market:
an agreement is consented to buy or offer a set amount of a given money at an established price and also day in the future. Unlike forwards, a futures agreement is legally binding
Many investors hypothesizing on foreign exchange rates will not plan to take distribution of the money itself; instead they make currency exchange rate predictions to take advantage of price motions on the market.
Summary:
Event-driven trading strategies provide a great means to profit from raising price volatility, but there are many threats and also limitations to consider. When developing and also executing these strategies, it is very important for investors to set up limited danger controls while supplying adequate room for the unstable situation to play out on the market. Ultimately, event-driven trading strategies provide an important arrowhead in the quiver of any type of energetic trader.
Search Relevant info About Forex Event Driven Trading Yang and Financial market news, evaluation, trading signals and also Forex investor evaluations.
Notice about Forex Risk
Please note that trading in leveraged products might entail a substantial degree of risk and also is not appropriate for all financiers. You must not take the chance of greater than you are prepared to lose. Before deciding to trade, please ensure you recognize the threats involved and also think about your degree of experience. Look for independent advice if required.
