In this video, I will be showing you how to make $10,000 per month trading Forex in 2022 through live chart analysis on GBP/CHF.
Regulated Broker ($30 Signup Bonus): https://bit.ly/3stMN6R
Coinbase ($5 off first order): https://bit.ly/3yu9ziA
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Risk management is one of the most important topics you will ever read about trading.
Why is it important? Well, we are in the business of making money, and in order to make money, we have to learn how to manage risk (potential losses).
Ironically, this is one of the most overlooked areas in trading.
Many forex traders are just anxious to get right into trading with no regard for their total account size.
They simply determine how much they can stomach to lose in a single trade and hit the “trade” button.
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What is trend trading?
Trend trading is a strategy that involves using technical indicators to identify the direction of market momentum. It is based on the idea that markets have an element of predictability, so by analysing historical trends and price movements, a trader will be able to forecast what could happen in the future.
Trend trading is usually considered a mid to long-term trading strategy, but it can in theory cover any timeframe, depending on how long the trend lasts.
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REGULATED BROKER?
Why is it so important for an online broker to be financially regulated by one or more regulatory bodies? Because we are talking about the safety of your capital, the money you invest and the promise of the broker to use your funds solely for the right purpose. When a broker is unregulated, this means that there is no regulatory organization or group of persons monitoring them, in other words, they can take your money and disappear. This is the reason why you see lists of online brokers described as scams or frauds. The first thing you need to do while checking out online brokers is to verify whether they are regulated or not.
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