This Beginner Forex Strategy will give you an edge, join my free telegram for more http://bit.ly/3dcbNsp
In this video, I show traders a beginner Forex strategy using the wedge chart pattern. This is a great introduction to technical analysis and price action. This is the type of strategy you can use for many years in many different market conditions to determine breakout opportunities.
If you ever need any help with Forex strategy, just let me know!
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Disclaimer
I am not giving any financial advice in this video, it is purely for education and entertainment. Past profits do not guarantee future profits.
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Are you a forex loser? In this video, Andrew Lockwood from Forex Signals explains step by step a few characteristics on why you keep losing money consistently and how to overcome them. He is going to showcase most of the reasons that make traders lose money and give you valuable tips on how to change your forex journey and become a successful trader.
FOREX SIGNALS TRADING ROOM:
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* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
** Andrew Lockwood and our team of mentors will never contact you directly outside of the Trading Room. If any person(s) contacts you via Social Media platforms offering account management or asking for payment, this is not Forex Signals and should be ignored.
*** This video and the video description may contain affiliate links, meaning ForexSignals.com will get a commission if you decide to make a purchase or trade through our links, at no cost to you.
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Two hundred percent returns in a week with just a 0 investment!
Ahh, the age old cry of the Forex scammer or self-proclaimed “account manager.” If you’ve been looking to add forex investments to your portfolio, there’s little doubt that you’ve heard this all before. The brilliant new “A.I.” backed trading bot, the incredible trader with a 90%+ win ratio, all with guaranteed returns and payouts whenever you want them! The gall of some of these claims is truly astounding, but the reality is that a huge number of new investors fall victim to these scams, simply due to a lack of knowledge.
Today I’m going to take a dive into the seemingly endless sea of Forex scams, and help you identify the red flags so you can avoid the pitfalls of this typical Ponzi scheme.
The first thing to remember when looking into any investment program is what’s behind the scenes: a market driven by humans trading against each other. That point alone can save you from many of the mistakes new investors make. Even the best traders in the world are still just human, and the simple fact is, nobody wins all the time!
A truly effective trader profits by sticking to a stringent, risk adjusted strategy, not a seemingly magical never ending win streak. Undoubtedly, the most common pitch is that of a trader with some obscenely high win ratio (even 75% is unbelievably high for a time tested trader).
The reality here is that most traders make their money by learning to cut their losses early and letting their profits run. I’ve seen highly successful traders with a 50/50 win ratio because they stuck to a strategy that limited their drawdowns and trailed stops upward to carefully protect profits. However, .I have NEVER EVER seen a trader profit by just winning ALL the time! It simply doesn’t happen, end of story!
The other common scam we see floating around all the time in the Forex space is that of the “miracle bot.” This is supposed to be some type of computer automated system, possibly boasting A.I. (artificial intelligence) or machine learning (ML), that uses its infinite computerized knowledge to outtrade humans on a daily basis. These FX scams might seem a little more believable to the unwary investor at times because there are actual automated systems out there that are used by professional traders to buy and sell. The key difference with those bots (versus the traditional ones scammers claim to possess) is that like humans, they never win all the time. They also have to be tuned or tweaked often by the trader behind it to fit the market conditions in order to remain profitable.
Once again, the easiest way to pick out these FX investment scams falls back on the degree of greed of people pushing them. These fairytale “traders” always seem to boast of endless win streaks and endless profits….all guaranteed of course. Remember that they have all the secrets! LOL.
During the video, I show you multiple examples of these magical scammy investments. They’re actually pretty funny. I also do the math for you. The reality is that if it was possible to generate such consistent profits on a daily basis from Forex or any market, by the end of the year an investment would add up to more money than what’s available on the entire planet! Yes, these investments are mathematically impossible. And even if they were possible, why would anyone need your measly 0 or ,000? To charge you a commission? They wouldn’t need it. They could simple focus their magical powers on growing their own accounts! Think about it!
In the end, what is the biggest tool to help you avoid investing in a scam forex program? Simply this: remembering that nothing in this world is guaranteed, and that goes for trading too!
Oh, and if they throw in the phrase “binary options” anywhere to sweeten their magical deal, it’s a dead giveaway. Sprint as fast as you can for the exit!
