There's a little known technical analysis chart pattern known as a Slide Gap. It's easy to spot and can be a very powerful pattern to trade. Learn how to identify it in this tutorial video.
Learn how the MaxR metric can help you make more money per Forex trade. This metric is not available on most platforms, but you can create a simple spreadsheet to track it.
★ Get MaxR on the RazorJournal trading journal platform: https://razorjournal.com/
This video will show you how to measure and track this valuable metric. You will also learn how to analyze it and backtest it.
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#tradingstrategies #trading #tradingjournal
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https://www.youtube.com/watch?v=Hb8-c4iG1B4
If you are just getting started with Forex trading, installing custom indicators for MetaTrader can seem complicated. It's actually very easy to do. See our custom indicators here: https://www.tradingheroes.com/forex-trading-education-tools/
★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
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★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl
This video will show you how to install custom indicators in MetaTrader and what to do if you do not see your new indicators right away. It will also teach you the difference between .ex4 and .mq4 files and which one is more important.
This tutorial was done on a Mac with VMWare Fusion running Windows XP.
#mt4 #metatrader #metatrdertips
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https://www.youtube.com/watch?v=PrPVZPz8kew
★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl
Hugh Kimura: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level and risk tolerance. You could lose all of your initial investment. Educate yourself on the risks associated with the foreign exchange trading and seek advice from an independent advisory if you have any questions.
All information is solely for educational and entertainment purposes and is not trading or investment advice. Past performance does not guarantee future results.
Lynette Allen is a full-time independent forex trader in Sydney, Australia. She primarily trades the Aussie-US dollar and she's also into travel and minimalism. Let's go talk to her.
Hugh Kimura: Hey Lynette, thanks for coming on the show. How are you doing today?
Lynette Allen: Great. Thank you. Thanks for having me.
Hugh Kimura: Yeah, no problem. So how did you get started as a trader?
Lynette Allen: I got the idea to start trading about four years ago. At the time, I was just getting interested in personal finance and a lot of my personal finance books suggested getting into trading stock. It took me about a year from getting the idea to actually getting the courage to finally open up a broker account and get started. It was only when I was channel surfing and I came across some episode of Wall Street Warriors with Timothy Sykes. It looked like he was having such an awesome time and making a lot of money so that was pretty much the, "OK, let's do this" moment and I posted my first trade about a week after seeing that episode.
Hugh Kimura: Cool. You told me you were doing well in stocks. What are the advantages of forex that made you switch?
Lynette Allen: The advantages of forex that made me switch is that my trend following method just got better with forex than stocks. Another reason is that I love how forex is 24 hours so I can trade when I want to trade and I don't necessarily have to trade during the daytime. I love the economic guide. It usually has a set time so you can kind of plant it up.
What I hated about ASX stocks was the random trading halts and then the gaps when they would come out of the trading halt. It's good if it goes your way but not so much fun when it goes the other way.
Hugh Kimura: So how long did it take you to go from when you first started trading forex to trading full-time?
Lynette Allen: I went full-time at the start of this year trading 80 percent stocks and 20 percent forex and it was about five months since going full-time with my trading that I realized that I was a much stronger forex trader than stock trader so I knew I had to give up trading stocks and put more energy and more money towards forex.
Giving up trading the ASX wasn't the easiest thing to do because that was such a huge part of my life for the past three years but deep down I knew giving up stocks and moving to just solely forex trading was something I really had to do.
Hugh Kimura: Oh, I see and you only trade the Aussie-US dollar. Is that correct?
Lynette Allen: Yes, that's correct.
Hugh Kimura: Maybe taking a step back a little bit, how did you know when it was time to make the leap to go into trading full-time?
Lynette Allen: Well, at the end of last year, my fiancé got accepted to study a course and that meant that at the start of this year, we had to move to a completely new area. Before we moved, I was thinking, "OK, well what am I going to do when we move? Am I going to go out and get a job or is this the sign to give full-time trading a chance?"
#traderinterview #tradinglifestyle #tradingpodcast
I was doing well with my trading and I had three months worth of living expenses saved for a bigger cushion. So I thought, "OK, let's just give this a shot and if it doesn't work, then I will just go back to working and trading part-time."
If full-time trading wouldn't work out, it wasn't the end of the world. I would just give it another shot further down the line.
Hugh Kimura: Is there a mentor or a course that had the biggest impact on your success or if not, what was it?
Note: This is for informational purposes only, it is not meant to be advice of any kind.
For more videos, check out my YouTube channel: https://www.youtube.com/user/tradingheroes
Also check out this video: https://www.youtube.com/watch?v=B7xEo9aZgts
https://www.youtube.com/watch?v=XRx9RgxPcGs
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https://www.youtube.com/watch?v=XRx9RgxPcGs
I have been beta testing this Forex charting app for several months and it is finally available for iPhone. It is a free app created by Oliver Birch.
★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
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The thing that I like about this Metatrader alternative is that strips away everything you don't need in a charting app. You really don't realize how much crap there is in the existing charting platforms until you start to use this.
This app is also a good alternative to TradeInterceptor, my current favorite FX charting app.
It is not quite ready for "prime time" yet, but this is just a peek into what it will be able to do. The full version will have more currency pairs, chart objects, indicators and the ability to trade through your broker.
Give it a try and see what you think.
UPDATE: This product is no longer available.
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https://www.youtube.com/watch?v=YmBDA3tMae0
What does it really take to pass a funded trader challenge? Here are the common pitfalls to avoid. I'll also give you tips on how to succeed and have confidence when going into your first challenge.
See our best funded trader resources here: https://www.tradingheroes.com/resources/
#fundedtrading #fundedaccount #fundedprogram
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https://www.youtube.com/watch?v=f1bZ6X45sM4
Metatrader changed a few things in their system and now it is harder to install custom indicators on your charts. See all of our custom MT4 plugins here: https://tradr.cc/eblv
But not to fear, this video will show you the new method and it is just as easy. You just have to know where to install the indicators. This video will show you how to install custom indicators in MetaTrader and what to do if you do not see your new indicators right away. It will also teach you the difference between .ex4 and .mq4 files and how to install both.
★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl
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Some of the links above may be affiliate links where we get paid a small commission if you purchase through the links. We only recommend products we believe in and the commissions help us make more content. It doesn’t cost you anything extra. Thanks for watching and happy trading!
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https://www.youtube.com/watch?v=xHuKv6-9WX0
In this episode, I interview forex trader and blogger Casey Stubbs of Winner's Edge Trading. Find out how he got started trading with his father and how that experience carried over to the foreign exchange market.
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★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl
He also teaches traders in his membership area and I was interested to find out what common mistakes he sees beginning traders making. I also wanted to find out what opportunities have come his way as a result of his blog.
I hope that this trader interview helps you get better insight into successful trading and what you can do to improve.
#traderinterview #tradingpodcast #tradinglifestyle
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https://www.youtube.com/watch?v=h3MT9FquetM
Automatically mark the London Session, or during the overlap between London and NY, etc. Get the Forex Tester discount here: https://www.tradingheroes.com/forex-tester-discount/
★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl
But when you are backtesting, it can be difficult to keep track of what session you are in to make your testing as realistic as possible. This indicator makes it easy for you to keep track, so you can concentrate on more important things.
Learn what this indicator is in this video and how to use it. The best part is that it is included in the software.
#forextester #backtesting #tradingstrategy
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https://www.youtube.com/watch?v=hBeelF_lowU
This video will explain how the RSI indicator works and how the indicator is calculated. Download the calculation cheat sheet here: https://www.tradingheroes.com/rsi-indicator-explained/
★ Get more of our FREE trading tutorials: https://tradr.cc/hk3f
★ Get our FREE trading course for beginners: https://tradr.cc/5pmd
★ Download our FREE Bitcoin guide for beginners: https://tradr.cc/6dfl
#rsi #tradingstrategies #relativestrengthindex
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https://www.youtube.com/watch?v=mE69uL4-6bo