The best FX trading strategies out there aren't some magic indicator, some weird hack, or quick little tip. Stop looking for those, you're going to lose. Instead, learn the one major thing top traders know that the other 99% do not.
Your Forex trading plan must include this one concept. You're entire account depends on it.
You can also read this on the blog: http://nononsenseforex.com/forex-basics/forex-trading-strategies/
IG Client Sentiment can be found here (they have changed things since I created this video however, be warned): https://plus.dailyfx.com/fxcmideas/intraday-list.do
New To My Channel? There's a video just for you, whether you're a new trader or an experienced one -
EUR/USD video: https://youtu.be/vVMMkmYYU4U
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They can't it's pretty much bullshit. The market is way more complicated than that. News, Wars, Elections, etc. They all affect the price of a currency. The big banks are also not 1 entity aiming for your cash and they don't move in a singular fashion. This is just an other doomsday scenario and him picking and choosing example doesn't prove anything.
Not true. You have not explained the IG Sentiment Graphs well. The Market is driven by the traders' sentiment. Not the Banks. Talk of Commodity, Stocks, and even Forex all are driven by supply and demand laws. The scrapping of the peg by the SNB caused a panic among the traders and that is what created the crash. Not that some one is artificially controlling the values of all these instruments from somewhere. Its all driven by ASK and BID. Talk of Electronic Limit Order Book. Everything is open in the financial market
VP, I'm that newbie. Laying hands on materials to have strong footing. Your insight happens to be one of the best drills so far. You just giving so very bitter truth, I'm gonna follow step-by-step.
I'd like more explanations, touching each POINT on your last slide about "what to do".
Thank goodness I found you and this video. I am a newbie. I have always heard that the BIG BANKS manipulate the prices but you have just opened my eyes and let me learn exactly how they do it.
You have saved me and my trading career. Thank you so much VP and God Bless
Absolutely, it is purely a business based on human psychology of patterns of three... people want to take it after three pushes or three levels and once retail traders are going net long, then dealers short it. As long as we have dumb money, the business continue!
I honestly don't think this is true i've seen barely 10 minutes and in your example ( in 9:06) me as a trader saw an ascending triangle which means price is going to go down at the end of the breakout obviously!!! Seems like pure bullshit what you be talking bout
Most of Binary Option are scam and fraudulent.Over 90% of them! The worst thing is that your deposits are never on any trading platform? Directly transferred to off shore banks and hidden into crypto wallets! Easy to deposit but a hopeless task to withdraw.
This is more than likley true and unfortunately the power in this world cannot be obtained by "following the pack". Great video, im just starting out myself and would have easily fallen for the trap like a lamb to slaughter....keep up the good vids and ill let you know in a years time if im rich 👍🏼
Kenal Louis is correct. The dailyfx link must have changed. I have filled in the information to become a member but have no access to the site as I was not assigned a username or password. So I cannot access the IG Client Sentiment Indicator.
Same result when accessing the site from the blog.
Is there anywhere else we can go to get this indicator?
You deserve a like and a subscribe! The first ever channel I turn the bell on for
The first person to ever talk about forex like it's some real world shit that you need to approach the right way, not some magic wand that will earn you thousands, like in a video game or something
Well I can then say that you're gonna love what you see on the rest of this channel. Best thing to do is watch the Beginners video, just so you can see which order to best watch the videos and podcasts. Goes a long way I think.
One final thought, I agree that in as much as they manipulate the markets, the Blackjack psychology often is practical. For instance, in my trading, you can make like 10 very good trades based on price action and make a tidy sum of money, only for the money to be wiped out immediately thereafter, yet the price action trends still hold.
The single greatest Forex video that I have ever seen. The explanations are very simple to understand. I always knew that there are price makers behind the scenes. At times, the patterns don't obey how they should be trending. One quick one, where can an individual get information regarding the number of speculative buyers? Sort of like, x% are on long positions, while y% are on short positions. Thank you very much Sir.
Where do you get this info of 70:1 in favour of long on EUR/CHF? And even if that is true, how do you know it was the "Big Bad Banks" huffing and puffing and burning us down? Sounds like a myth. Maybe they all ended up taking the short position at the last moment because of a reverse-psychology type of mindset?
The 70:1 is from Christopher Vecchio of DailyFX. He tweeted it out several times. And nobody outside of those in the know will ever know why. I presented my theory with logic and evidence, as I always try to do.
The number one thing i heard when I started trading forex is that its “to big” to be manipulated... then I watched this video and a week later big banks get fined for manipulation.... Vp spits strictly facts. Goat
Markets have been manipulated from the moment they were created. And market manipulation exists to this day. Just look how much in fines those big banks paid recently for manipulating precious metals. They sell paper contracts to drop the spot price then they accumulate physical metals.Also look at the oil price in Nov 2018 when that crashed happened. We dropped over 50% yet the petroleum prices at stations dropped 5%or so. It does not make any sense. It is all rigged. Anyway good video VP. Happy trading everyone💚
The #Manipulation Is #MoreAggressive In Crypto Market Than Forex, But The Manipulation Is Mostly Due To #Whales...Investors With #Big Money Moving In And Out Of Bitcoin..This Could Be Private #Banks Or Private #Companies Or #Individuals With #Big Investments.......
Don't believe this BS brokerage houses also manipulate price to take out people's stops and of coarse there's slippage when markets open up on Monday. People this guy is just selling dreams that never pan out. There are times when it's just better to stay on the sidelines no mater what you here. Alot of it is just dumb luck sometimes. You can open two brokerage accounts and bet in opposite directions sometimes that works too.
Awesome video! However this is only 50% of the story, you said the Big Banks belong to an association that created the Banks of Banks. You stated that they control 50% of what is happening in the Forex market. Who controls the other 50%?
Fuck indicators. They ALL lag. They present information about after price has already acted. Price action is the only indicator you realistically need. Keep it simple. Don’t get it twisted, if indicators work for you, then crack on.
There is no holy grail in trading.
As for the BIG BANKS, they most definitely control the market, but they also leave footprints all over the markets of where they have bought and sold and where big orders may still remain, once you can identify those footprints...........you have an amazing edge that you can use to buy and sell at the same prices as these BIG BANKS.
You obviously haven't looked into the material. VP has transformed my trading skills from losing/break-even to a very profitable one. I tried a shit load of stuff.. often spending 16 hours a day for 2 years. This channel is what transformed my trading and my life (And he NEVER asked a DIME for it). I now trade 30-60 mins a day and I make a ton of pips. Never assume... it makes an ASS out of U and ME. In this case, you're the only one coming out as an ass.
acquiring knowledge about trading in this current time is key
as the world begins to evolve around cryptocurrencies and forex but you don't have to watch a 100 videos to understand how to make good profits most times it's not you but the person teaching not breaking it
to a manner which seems suitable for you to understand
if anyone ever doubted this FX Big Banks (rigging) vid by VP - here is a three minute latest update on the EU one billion euro, and counting, fines on the big banks: https://www.youtube.com/watch?v=XKZvd6jldXU&feature=em-uploademail ( this post - 16may2019 )
a stop loss can fail if the FX pair (or stock, or anything else) gaps down or gaps up over the stop loss - the broker may or may not have control over this on their system. However, I use ETX Capital, and on all the popular instruments it is possible to buy a guaranteed stop to insure against this risk. Many large brokers offer guaranteed stops.
@K Vjqxzz OK, I registered with demo account but when I go to the "IG Sentiment" page, it only has EURUSD, GPBUSD, USDJPY, XAUUSD, BITCOIN, and SPX 500. Maybe I'm overlooking something, but I can't seem to find the other 'sentiment' charts like AUDUSD (like the one VP went in this video) ...? Are you able to get to any others outside of the ones I mentioned above?
Good question bro! But it depends on which trading style resonate with you. The is no specific strategy but many strategies. Some people trade only trends, other trade reversal while others trade break outs. HERE is one book that I think u must try: its called NAKED FOREX_high probability technique for trading without indicators. By Mr Walter Peters. You can buy hard copy on Amazon or download PDF.good luck
I learned this through research many years ago but I still got burned trading. (30yrs old) Old trading documentaries actually expose this however it doesn’t really register in my brain. This video is an eye opener. Thank you so much. We can all relate when I say this. “Sometimes it felt like my trades are Been watched”. I’m so glad I found this video. I needed to hear it. Your awesome. Cheers.
Watching from Kenya i was so happy about learning about Forex this year and i'm learning strategies but after watching this i feel like i should just wing it it and guess trade based on how i see the graph
I really love this vid and appreciate the effort. Thanks, VP! My questions these days are finally answered. For almost 8 out of 10 times, my positions are wrong which were based on "the dirty dozen". I was really confused and somehow I felt that the price was manipulated just to go against those who know well about popular theories. I seriously doubted my method, because it was no better than plain guesses which at least has 50% winning rate. I will keep learning the rest of your vids. hope one day I will stand next to the 1% of winners.
Thank You VP, for your time and sacrifice on these videos. I have learned so much the last 2 months that I have already watched each video and podcast twice over and some three times over! My algorithm is just about complete, but I am just now trying to perfect it as much as possible.(I'm Excited)
It would be awesome if you ever got the chance to actually interview a Banker who is or was a Forex trader for the big Institutions on one of your podcast one day to hear it from the horses mouth LOL!
The 8:00 min example kills me dead. Who would even put in a position with all that consolidation . It’s all basic support and resistance. Then trading on the 15 min??? All you need is Bigger time frame support and resistance confirmation candles and some patience. Seems like 65% were newbs and 35% were impatient but lucky. The smart ones got in after that breakout and retest.
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