My top 10 forex trading tips and tricks for you to crush it in forex trading in 2018. These 10 forex tips are not conclusive and you need to implement these forex tricks and tips at your own risk.
I want to provide these currency trading tips for the forex trader who is looking to improve in his forex trading journey. If you are looking for the best forex tips, you can also look at my other videos.
Forex in 2018 has been under the spotlight because of bitcoin so a lot of people are jumping into the currency trading and forex trading bandwagon as well.
These can also be forex tips for beginners as these forex tricks can also be used by those starting out in forex trading or currency trading.
Hope that you will like these forex trading tips and tricks. I hope that it will help you in your forex trading journey. Share with me your forex trading advice and forex trading tips as well.
Or share with me which of these 10 forex tips is your favourite. You are free to share with me your forex hacks in the comment section too.
Singapore youtuber profile:
Karen is Singapore Forex trader, Singapore motivational speaker, Singapore youtuber, Singapore vlogger , author and was ranked #1 in a Singapore nationwide Forex trading contest.
This trader vlog showcases the trading lifestyle and entrepreneurship life, plus weekly motivation for those that are not traders.
It's also a Singapore vlog where most of the shots are done in Singapore. She will also be bringing you around the island to explore Singapore.
Karen is a motivational speaker based in Singapore and Malaysia and delivers talks that touches the heart of her audience members.
She is a motivational speaker that is well sought after by many schools and event planners as she is known for solving several teenage problems as she has experienced many setbacks as a teenager back then.
Email: [email protected]
MENTORSHIP PROGRAM ONLY FOR SERIOUS HUSTLERS : http://bit.ly/2qkIvRj
Adventures by A Himitsu https://soundcloud.com/a-himitsu
Creative Commons — Attribution 3.0 Unported— CC BY 3.0
Music released by Argofox https://youtu.be/8BXNwnxaVQE
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Thanks Karen, I love your coaching because you are so real about what you teach, I want to know what it entails to join your mentorship program, although am not going into life trading yet, but I want to be groom before going into life trading, thanks
thank you for the motivation, its hard a lots of people tell you things you wanna hear and expect but actually its not like that! i wish you the great success and i hope you keep inspiring this people to love the bussiness because of it and not because of the money it self.
Thank you so much for your kind compliment. yes people in this industry only want to hear what's nice to the ears but they need to know the truth in order to succeed. Unfortunately people still get attracted to channels that promise get rich quick. But i'll just stay true to what i believe in . All the best to you too!
I agree completely. Thanks so much for sharing. I made $14,000 in two days as a beginning forex trader in 2017 but lost it all in a few days making bad trading decisions. I’m so glad I lost it. It helped me learn so much about trading. I am so so much more successful today in 2018 and continue to grow and learn daily. Take care everyone.
Karen, I really enjoy your videos! you make me smile and laugh at your presentations and your accent. (It's so cute, not meaning in a bad way at all)
I would have to say that my best advice that I've received is a simple quote from Ralph Waldo Emerson: A Man becomes what he thinks about most of the time.
So, In perspective of trading, if you are constantly thinking about how NOT to lose a trade, what is the result?
You lost the trade.
Mindset is vitally important and I love how you really emphasize this in your videos. the key to trading is your mindset. Keep up the great work. I really enjoy all the quirkiness of your vibrant personality!
Thank you so much for your compliment. Wow yes i love that quote too. Thanks for sharing that with me ! It is indeed a great reminder. My accent is a mix of Singaporean and Malaysian accent haha. I appreciate your compliment . Happy trading 🙂😌💕
Karen Foo Treat demo like real.Use the set and forget method,to be emotionally detached from charts,positions,etc.Let the market take care of the rest.I am risking 2%(SL) for every position.Achieved about 15% profit last week....
Transition will be hard at first. Because live trading you will need to deal with your emotions but demo you wouldn't. But if you learn to take real $$$ losses while controlling your emotions, you'll gradually become more emotionally stable. It's not an overnight thing. It will take time.
great video Karen !!! i'm a new subscriber and already respect and appreciate your insight into motivation, inspiration and risk in forex. I couldn't help laughing though at the part you said, " anyone that says they are trading with a 100% win rate system shouldn't be trading, they should be running the UNIVERSE " LOL thanks for the awesome video keep them coming
Karen I menat to ask you, I was curious if you have used Bollinger Bands and RSI combination in trading? divergence is very powerful to use in combination with Bollinger I noticed on 30 minute time frame and higher but was curious if you have a strategy with it or similar style trading. just a thought thanks again
Tak apa lah. Kalau belajar tiap hari, tetap akan faham. Kalau tengok wayang Inggeris lebih cepat belajar. Kalau baca Inggeris sahaja tetap banyak orang akan mengantuk. Awak boleh email ke ([email protected]) .
GA karen I've been following your Youtube videos and trying to apply as much of your strategy as possible. Im new to Forex trading and still in my Oanda demo account. Ive recently just started going hard with my Forex training and developing my skills. Losing $$ in my trades as expected and trying to learn from my mistakes is the hardest part and even though its my demo account I'm trying to keep emotions out of my trades. Looking for viable mentors in this Forex game like you and just want to be successful at it. I'm 48 yrs old and tired of doing my mundane and no where job. I see being an entrepreneur and learning this skill will help me to finally gain control of my own destiny. I know its not easy but I believe in myself to get it done.
Hey Mark. It’s normal to lose money as a beginner. It’s just part and parcel of the trading journey. Keep hustling. I wish you all the best in your trading journey. If you need any specific help, you are free to drop me an email :)
husnain khan, hey man. I hate to get in the way between a man and his crush. But check this. Karen Foo is like our big sister probably the only real trader online who cares. Because she cares, we all respect her.
BUT IF THIS INTERNET STOCKING BULLSHIT DOES NOT STOP AND TODAY!!! YOU'LL REALLY KNOW IT'S ME WHEN YOU SEE ME. BIG SISTER, YOU UNDERSTAND WHAT A BIG SISTER IS DONT YOU?! BELIEVE ME SHE WILL BAND YOU FROM HER CHANNEL THEN YOU'LL NEVER SEE HER AGAIN. EVEN IF YOU COME BACK ONLINE WITH A DIFFERENT ACCOUNT. TRUST ME SOMEHOW, SHE'LL KNOW. I'VE SEEN GUYS LIKE YOU GET BAND BEFORE AND SOMEHOW, SOMEWAY SHE KNOWS THEY'VE BEEN TRYING TO PICK HER UP BEFORE!!!! THEN YOU'LL REALLY GET THE TROLL OF A LIFETIME, GOT IT!!!!!!
So please just be chill kid. ok?
I'm using a demo account now. I think I have a talent in forex trading. I have 3 open trades now and in less than a minute, all of them are losing! I guess my trading system will be to trade against the direction of what I want to trade. Easy money here.
Jonathan Grey, I was just half joking when I said that. My trades did turn to negative in the first few minutes but those trades are still open (after 5 days) and I'm earning more than 300 pips combined now.
But she is right though. Keep practicing until we become confident. I'm a stock trader so I was able to use the technical analysis that I use in stocks trading. I'm just a beginner in forex trading though.
Karen Foo, for my new friends why not. You're the best protector for the mind. You're the best forex trader in the world, pal. : ) You're still 5☆☆☆☆☆ 100%, legit, authentic, perfect 10, beautiful mind of a 1,000 geniuses. The one, the only person who saved my life. Karen Foo,
#1. at least 3 Years. I knew forex trading 16 Years Ago when I was in school. And started Trading in 2009. maybe 8 years. The result I was Burn a lot of money and got fallen. untill now, i am still learning, makw mistake and some profits
Jarwanto. It's alright. I got burnt multiple times before as well. You're part of the very few who really didn't give up on this. Know that it's not easy but I'm sure you'll achieve your goals one day.
Mine is basic. 50 EMA 200 EMA i wait for a clean break through the 50 EMA and a close then wait for a rebreak to the opposite side of the 50 EMA after it closes i go short or long depending on the second break through.
“Share with me and the rest your best forex trading advice.” -
My best advice is :Learn about global economics, such as what currencies are affected by oil prices, or why certain currencies react to commodities prices and metals shortages, etc. It is a lot to learn , but if you know how a situation will affect a certain currency pair, you are on the way to being a professional. Example: What will happen to Canadian pairs, if NAFTA gets approved, what will that do to oil prices and which pairs would benefit or suffer from those changes.
On the Technical Analysis side, understand that indicators only show what price did in the past, the only predictive indicator I have found is weekly, and monthly pivot points. Get a good pivot point indicator for your MT4. Pivot points show you support and resistance levels that the market frequently, but not always respect.These current pivot points are based on what price did last week/month respectively, but a good one will also show you future pivot points based on price right now, up to the minute. Very helpful in developing trade plans.
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