How to Make Huge Profit in day trading or forex or share market, this is the most dreaming question of the Beginners traders mind. There is a lot of information out there on the net about forex trading, we aim to distill this down to just the very best of the net to help you improve your trading game.
Top 10 Key videos to help novice traders understand all the basics of the Forex market and Forex trading
Videos are a great way to learn new tricks, techniques, and broaden your knowledge so we have researched and brought to you the top 10 forex videos from around the net.
1. Never Listen to Media or Banks for Forex Trading Advice
Timon Weller a popular Forex vlogger produced this video to warn about the dangers of following the news and media when it comes to Forex trading. “People follow People” says Timon and this is why some 94% of traders fail. Timon demonstrates how the media which are owned by corporations put out information on behalf of those banks and institutions for their own gain. Ignore the hype and follow the technicals.
2. Forex Trading for Beginners what the brokers don’t tell youLess is more is the key outtake of this video… Less robots and no need for expensive software. This video made the list of tips for becoming successful traders. Key outtake is to make longer term investments and strategies.Mark Jenkins
3. Learn the SECRET to Trading Fibonacci
This video by Jason Stapleton is a unique video where he actually provides a full training session on Fibonacci trading. The secret to trading Fibonacci, Jason says, is understanding that it is a tool… It’s not mystical or magical and when combined with some other techniques also discussed in this video can yield high reward low risk trading opportunities.
Looking at this technique from both an investor and a trader’s point of view, this video provides some genuinely useful tips and advice surrounding Fibonacci retracements and extensions in any market.
4. Secret Tip to Detecting Trend Changes As Early As Possible in Forex
Pitched as a trade secret by Forex Reviews who have uploaded regular videos for some time. Clearly being able to spot a trend early will enable you to capitalise on the potential profit much earlier maximising your trades.
This is a good length video, over 20 minutes long and goes into a good level of detail aimed at the beginner. The key outtake is reducing the number of confluences that you need to identify before trading using a common pair like Euro – USD.
5. What is a carry trade?
What is a carry trade? It is a strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate.
A trader using this strategy attempts to capture the difference between the rates, which can often be substantial, depending on the amount of leverage used.
6. Forex Trading Strategy for Trending Markets
Looking at where we have a trending market this short seven minute video shows us how to build on probability around trend increases.
Taking a look initially at EUR/YEN currency pairs which at the time of the video’s publication was a strong trending pair. Focusing on four hour and eight hour timeframes and also how to compare trends between different currency pairs.
7. What is Forex Trading?
A simple and informative video by CMC Markets Singapore, this video is the perfect introduction to Forex and Forex trading. It also provides insight into the growth of individual traders who now have access to non-proprietary trading platforms especially trading on mobile devices.
CMC also provides some insight into the more popular currency pairs such as the EUR/USD and USD/JPY. This video also looks at what roles gold and silver play in global currency trading.
In less than 10 minutes this great video provides some really interesting insights into FX trading with some beginner tips and advice to get you started. If you are just starting out in Forex trading, this is a must watch video.
8. Forex Equity and Risk Management
Claimed as being the most important video to watch on the topic of equity and rick management because this is the reason 90% of forex traders fail! “You are going to lose trades” is a strong message in this video, but it is a numbers game and as such there should be no requirement for crossing fingers of making prayers for trades to come through if you’re managing your risk and equity properly.
Risk to reward ratios are a hot topic in this video, where they demonstrate that you can lose more trades than you win and still turn a strong profit.
Overcoming the emotional game is key to winning and winning in the long game.
9. Price Action Forex Trading Strategies
No smoke and mirrors in this video, it’s all about logical and methodical trading processes. They talk about the importance of high probability entry points and confluent intercepts, no indicators and reviewing all of the data with a risk / reward perspective.
This is a simple trading approach but one that delivers with good consistency.
10. Forex Trading and Tips with the Proven Traffic Lights System
Providing a simple set of rules and strategies that provide profit on a consistent basis. Produced by Lee Sandford’s Trading College this educational video is short and sweet. With almost 50,000 views and 10,000 likes this is the most liked video in our top ten! Focusing on participation in what they can the “safety zone”.
This video is actually introduction to a series of free webinars from a professional Forex trading college in the UK and as such provides more free information in total than all of the other videos on this list.
We hoped you enjoyed this post and found the videos useful, but remember past performance is never a guarantee of future success.