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Identify Profitable Forex Trade Setups with Fibonacci by Adam Khoo

alright so in this part we talking about Fibonacci ratios Fibonacci retracements and how the height is very powerful too as an additional confluence to find high properly trades when trading with the trend on buying on the uptrend or in selling on a downtrend especially useful in the balance strategy you'll be learning in lesson two buying the bounds on the uptrend or the bounce on a downtrend so first of all a bit of history on how Fibonacci came about Fibonacci is the name of a mathematician and what he did one day was he came up with a string of numbers because he was pretty free and he came up this thing called a Fibonacci number sequence so how do you come up this range of numbers basically what he did was he started with the usual 0 and 1 as you can see his doing 1 and he asked this question what would happen if I add the current number to the preceding number the number before this number so it took 1 plus 0 and what plus 0 is 1 right and he then takes 1 plus 1 is 2 and 2 plus 1 is 3 3 plus 2 is 5 5 plus 3 is 8 and so on and so forth and that's how you get this string of Fibonacci numbers now what's amazing about this sequence of numbers is as you keep doing it you come to a point of time when if you take any number for example you take 1 4 4 and if you divide it by the next number in this case 2 3 3 what you get you take 1 4 4 and you divide that by 2 3 3 you will get a ratio which is 0.618 also known as 61.8% okay and again as long as you take any number and divide it by the time before you always get super 6 money and this is known as the golden ratio okay as a golden ratio and you may say ok so what's so special about this golden age 0.618 well here's the thing it appears everywhere Nietzsche and it's fascinating and it's miraculous okay for example you have your examples of how it appears in nature if you look at a human body right and if you could think for example the height of an average person alright so that's the total length of a person and then you take the distance from your navel your bellybutton to again your feet if you take this and by your length of your whole body divided by this length guess what you get you get approximately 0.618 there you go okay if you think your arm you think the length of your arm like so that's the whole length clear ah and you divide it from the distance between your fingers to your elbow guess what you get you get 0.618 okay it's kind of this ratios inbuilt into nature if you take the molecule of a person the DNA molecule of a person you take the length of them of the DNA molecule it's 34n stronger that's how they measure the length of a DNA molecule what heavy means sounds interesting and we divide the length on the DNA molecule with the width of the molecule 34 divided by 21 guess what you get you get 0.618 ha if you take a look at any tree in nature or even a flower petal the way the flowers are arranged the way the tree branches grow are in the Fibonacci sequence for example you take a look at a tree you notice at first there's one trunk right there's one trunk lettuce be some two main branches and then three branches five branches it branches 13 projects and is that people actually sequence so again if you take any number of branches and divide it by the previous number of branches you get 0.6 funny it's really mind-blowing right so one day someone asked this question if it appears in nature all the time this is 0.6 118 does it appear in stock charts and apparently it does see that it does a appear in stock charts so how does it appear it appears in the wave patterns of trends so for example if you take a look at an uptrend in a currency pair for example and I've mentioned this many many times before when the price is on an uptrend it doesn't move up in a straight line how does it mean if it moves in a wave packet or like a breathing better first it moves up then it comes down moves up comes down moves up comes down any continues in that pattern right so when the price moves up in this pattern this is known as the impulsive way okay it's kinda like breathing up breathing out okay now you can breathe out forever gonna lose your graph right so eventually after breathing out the impulse wave has ended it has to go to work or a corrective we need or we also call this a retracement or throwback after price has gone up too much it has to resin come back to breathe out breathe in and only after you breathe in can you then breathe out to the next impulsive wave like so all right so one things you're learning trading is you always want to trade with the trend you only want to buy when the price is on a clear uptrend so this is a very clear uptrend because on an uptrend it makes higher highs and higher lows okay now the million-dollar question is when do you bind on the uptrend and the best time to buy on the uptrend is right at the end of the corrective wave right that is exactly the point over here that you want to buy the stock or the Forex currency pair or the Bitcoin whatever it is right so you want to buy exactly there just before it starts the next move up and you could sell there to take profits right then when it comes down again the next correct if you if you want to buy right at the end of the car and live it up again okay so get a question is how would you know where is the end of the correction so there are many ways you can kind of like guess now there's all guarantees of course it's a matter of probability and you can't get it right all the time you can get it right half the time or slightly more than half the time you're making a lot of money and that's all you need to do so if you watch my other videos you'll learn that I look fine impulsive wave going up corrective way okay so again how do I know that this is the end it is it is at the end of the corrective relief and it's going to move up okay again I don't know for sure but how I find a high probability entry is I use the Fibonacci ratio the Fibonacci ratio so if you look at many uptrend wave patterns you find that on a red clear uptrend the price tends to retrace to a Fibonacci level of 0.618 and if it doesn't it tends to retrace to at least a 0.5 level now 0.5 is not really a Fibonacci level but for some reason prices tend to retrace to the 50% level so what it means is this okay when you look at a wave pattern always think terms of a beatsie so a is the start of the impulsive wave B is the end of the impulsive way so a b and c is the end of the corrective wave in other words where we want to buy right now c should be a 61.8% retracement level okay or at a 50% retracement level if it is either a sixty one point eight or fifty percent level there's a very high probability that if you buy there you will experience the mix of what we've pattern all right so if you think about the distance from A to B if you can imagine that this is a hundred percent the distance of A to B is a hundred percent if it correct if it comes down by half it is the 50% level if it goes down slightly more than half it should reach the 61.8% level and that is a finding by to catch the wave up if it retrace us to more than sixty one point eight percent that tells you the uptrend may be broken and we do not take that trick it is a risky betray to take got it okay so let's take a look at some charts and some examples to understand this concept all right so we're looking at the Aussie dollar pair and I'm gonna get 15-minute candles now again this works on any time frame 15-minute candles one hour daily mean candles so I tend to trade Forex on a 15-minute candle so I'm looking at this time frame so if you take a look at this part of the chart you can see it's on a pretty clear uptrend because it's making as you can see higher highs and higher lows right higher highs and higher lows so for a clear uptrend so question is can you identify where's the ABC pattern alright take a minute look at a chart and thing is there a and a B C pattern where a to be is the impulsive wave and B to cease the corrective wait right take a look take a look see if we can find one and so on okay so they actually to one of them could be you say okay this could be a why this is a this is B right and this is C like a C A to B to C and then it continues right now you could have also spotted this one right a that's a that's B oops and that's see me B see easier okay great so let me put that in let me use the second one right so a B C okay so the question is at this point of time at sea okay would you be confident to buy to buy this currency pair C and dissipating that the price would then stop the impulsive wave how would you know that C is the end of the correction how would you know right so again that's how we use the Fibonacci retracements so what we do is we use the Fibonacci tool or your charting software like mp4 and you'll see if c ABC happens to be a 50% or 61.8% retracement level all right so let's take a look if it is a retracement level so on your charting platform empty form using whatever broker you want I use Halifax brokers click on this symbol that is your Fibonacci tool so once you've got a Fibonacci tool what do you do is you take that tool and you click on a which is over there so you click on a and you drag it to be okay and you release the tool and then you look at Point C and notice if Point C is at the 61.8% or at the 50% level if it is at one of these levels it tells you there's a very high probability that corrective wave has ended and it's time to buy to write the new impossible table so in this case you can see that indeed C happens to be at the 50% level can you see that so that would be an indication of us buying over here and catching a wave up there you go now we don't just use Fibonacci retracements by themselves by themselves they are not reliable enough we must always combine them with some kind of candlestick pattern moving average support or a horizontal support network and I thought more about that in the slides to follow but let me now show you how I made you bleed him on the charts right now alright so let's take a look at a chance right now and again I'm looking at the Aussie dollar pair 15-minute candles alright so you can see over here like I mentioned we have got this uptrend pattern and what we're going to do is run identify the ABC wave pattern and see which of the C's are at retracement or are at Fibonacci retracement levels right okay so again where's my ABC well first this could be my a right the start of the impulsive wave this is my B and where's my see my C will be over here that's my C okay so the question is is this a Fibonacci level is it 50% or 61.8% if it is I have confidence it's a strong support I'm gonna die okay so to find out what do i do i go to this tool called the Fibonacci tool click on that right click on that and I click on a click there okay and you can see I can move it around and I drag it to be let me go and release it right so click on a drag to be and what do you notice you notice that miraculously this C is at D 61.8% level so this tells you that this retracement to C is exactly at the Fibonacci retracement level so this will give me confidence to buy right at that point to catch the mix impulsive move up can you see that okay great so let's take a look at another example so let me remove this one I mean no okay now the next one would be yeah so give us a again we had this a we had this B we had to see right we just did that now now this is the new a right is the new in this is the new B and this is C so give a B C so in question is this a Fibonacci level is this a 50% or is this a 61.8% member if it is then that would give me a strong indication that the correction has ended so once again what do I do I click on my Fibonacci 2 over there I click on a drag to be release and there you go exactly C is at the 50% level can you see that exactly the 50 let me circle that 50% of it okay so again this gives me confidence that I could buy at the end of the correction to catch the new trainer ok so now like I mentioned earlier on ok it is not reliable enough to just depend on the Fibonacci levels what I'm gonna do is I'm gonna put in moving averages ok and what do you notice all right so I've just put in the moving averages and you can see let me just zoom in over here ok cool and this was our Fibonacci we saw right so this is a BC okay recall that this was the a this was the B and this was C so in this case not only is it hitting the Fibonacci level of 50% but it is also finding support at the 50 moving average so it is what I call a double support of confluence it is finding support at the Fibonacci level and at the moving average so this gives me confidence to enter the Train for by over here in order to catch the waver okay so I let me mention again I do not rely only on Fibonacci it must also coincide with a moving average support or a horizontal support level let's take a look at another example over here we just remove that okay how about this one so again do you identify any B and C all right that's what we just drew you're on so once again let's use the Fibonacci to click a to B and C as you can see this level is exactly ad you just give a second again this is at the 50 50 percent level 50 percent level right and again it is finding support at the 50 moving average so moving average support fibonacci support high confluence by area and that's how we catch the next wave up so now let's take a look at a downtrend so for a downtrend we see the wave pattern going down right so we've got an impulsive wave going down like that and then we've got a correct if we're going up impulsive wave going down correct growing up and the pattern continues right so again Reba impulsive wave breathing correctly wave alright so we want to know where is the end of the correction so we enter their cell to shop and to capture the next impulse it went down and to take profits somewhere here take profit somewhere here just before the mix correct if it goes up alright so again how do we know that is the end of the correction again we can be sure for certain but we use Fibonacci retracements to find the highest probability of the end of the correction so we can sell right on top of the correction so again we identify the pattern a is the start of the impulsive wave B is the end of the impulsive wave so A to B is ribbing up okay B to C is breathing in the start of the corrective wave is be the end of the corrective wave is C so ABC now we want to ensure that C we trace this to again the 50% or the 61.8% retracement level so if you think of a to be the distance from A to B let's take it as a hundred percent like so then we want the corrective wave to be to retrace to 50% of that somewhere there would be 50% and ideally to retrace to 16 1.8% which is the actual Fibonacci level but if you retrace we trace this to more than 61.8% it tells you that we up the downtrend wave could be broken and it's a very risky trick to take all right so let's take a look at an example or on the charts right now okay so we're looking at the dollar franc pair again 15-minute candles they work on all time frames and you can see that it's on a downtrend okay so can you identify the ABC pattern I've made it simple for your machine drawing some lines in can you see first of all identify it's a downtrend because it makes lower lows and lower highs so remember a downtrend is defined as lower highs lower highs and lower lows right so where's the ABC pattern can you see that right all right so that's the a that's the start of the if house if we have down right so a degree B is breathing out right B to C is the corrective wave so at this point we want to sell right at that point too short to capture the profits as it goes down and to take profits somewhere there before the mix currently so again how would you know that is the end of the Karaka quake well again there's a high probability is the end of the karthik wave if it retrace us to again 50% or 61.8% so is this the 61.8% of the 50% level that's how we you can use the Fibonacci tool to find out all right so ABC ok so again click on the Fibonacci tool over there on your chart met the Metatrader 4 whatever charting software you're using and you start by clicking on a so it click on a drag it to be alright so B is there and once you click on it drag to be release it and take a look at C take a look at C so is C a Fibonacci level and it happens that C is exactly at the 61.8% level so this gives me confidence that this is a strong resistance the correction has ended I will sell there just before it collapses all right so let's take a look at the charts and see how I manipulate the chance to do that alright so we're back at the charts I'm looking at dollar franc 50 minute candles it's on a very clear downtrend as you can see well in fact this as you can see was a bit of a consolidation pattern going sideways this was a downtrend and this is another downtrend okay so can you spot an ABC pattern on the downtrend let me zoom in first one we put a mark on place a mark over here and let me just zoom in so can you support an ABC pattern so again West a is always the start of the impulse so this could be your a okay that's your B okay and where you'll see you'll see will be that right so a B C okay so would you be confident to sell ya would you be confident that it has reached the end of the correction and it's gonna collapse okay so to do that we use our Fibonacci tool to see is this a Fibonacci level yeah so to do that what we do click on Fibonacci here click on this tool and we click on a do we drag to be release and lo and behold can you see that this is exactly at the 61.8% level magical isn't it okay like magic so once you see that you know hey I'm pretty confident that this 61.8% is the end of the correction so you would sell there and it can collapse and then you take profits somewhere there okay now like I mentioned earlier I do not trade only using Fibonacci right I always want to ensure that the resistance at the Fibonacci level is also supported by a moving average okay they'll be even better so what I do is let me put in the moving averages for you guys so if I put in for example the 50 moving average let me go so you can see that not only this level here I'm sorry okay not only is this level here 61.8% right not only is it a Fibonacci level but it is at a moving average resistance and you can see the moving average excess of resistance resistance resistance right and it's finding misses over here it attempted to go above the moving average but it closed back down again and again that gives me confidence to do a cell somewhere over there and capture the trait now there we go okay so again at this juncture I want you to just understand the concept of how I apply Fibonacci to find retracement points the ABC point and later on in the lesson 2 3 & 4 when you learn the exact strategies on how to enter how to exit how to size your position will you know exactly how to pick the trade all right so if you like this video you can subscribe for more videos by clicking on the subscribe button if you like to enroll in our professional forex trading courses you can go to purana prophet's calm for live training courses in asia do visit us at wealth academy global com this is adam ak who and may the Makin's be with you

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Introducing the Advanced Forex Trading Course by Adam Khoo

hi this is Adam Koo here and I'm really excited to announce the launch of my advanced forex trading course so if you look at my basic parts trading cost you know how profitable my first two trading systems have been and I'm sure you've been making really good returns trading my systems and you have well you ain't seen nothing yet because it's advanced cars gonna teach you three more of my most powerful trading systems it's gonna blow your mind you'll be learning how to trade profitably in any market condition so whether the price goes on an uptrend on a downtrend goes sideways with choppy behavior or goes nuts during news events you'll be learning how to trade profitably on any currency pair and once you're able to do this you'll be able to take a lot more tricks setups every single day it's gonna be a lot more opportunity to take trade setups this with a higher profit factor and that translates to a lot more income for you as a professional trader finally you'll be learning how to achieve anywhere from five R to ten hour a month consistently so that translates to anywhere from fifteen percent to 50 percent returns on your capital on a monthly basis so imagine how fast you can grow your capital how fast your money can compound them a small account to a huge account so if you're excited let me share you exactly what can be learning in this course so the advanced trading cost kicks off with lesson one where you'll be learning the essential factors that create a powerful trading inch remember that to achieve consistent profits in trading we can't win on every train you can get a higher percent win rate but how do you win a lot more than when you lose and how do you get a higher profit when you win and a smaller loss when you lose that's what we call that trading age come by trading like a casino way in the long run you always make money when you have a trading edge so one of the factors that create this trading edge is made up of learning about supply and demands owns how do you know when a supply and a demand zone is reliable how do you draw these zones in the chance that you see next be learning how to use the right kind of moving averages to identify the strongest trends in the market and the importance of what we call multiple time frame alignment one of the greatest mistakes trainers main is the only trade on one timeframe now there's no right time frame for example some traders trade on the 5-minute candle some on a one-hour candles I'm gonna bake candles and it can be profitable on any timeframe but what many traders don't realize is that create a very powerful age you have to get multiple timeframes to align your trade so there are many times people trade on for example the 15-minute timeframe which tells them is on a downtrend so they shot it and the next thing they know it goes up why because on the hourly timeframe which a higher time frame could be on an uptrend instead of a downtrend so you have to do multiple time frame alignments so someone that key is gonna learn in the Advanced Course next we'll be understanding how to use the power of Fibonacci ratios to find the best entry points when we enter a strong trend as well as the power of confluence where everything comes together the candlestick patterns supply and demand zones Fibonacci ratios trend analysis they combine together to create the best profitable trade that you can find with the highest probability in lesson two you'll be learning one of the most powerful trend following strategies in currency trade known as the moving average bound strategy so may notice that when currencies on a very strong trend they tend to retrace and bounce of their moving averages now this doesn't happen all the time and it's not always reliable so I'm going to teach you exactly when to trust moving averages when a bounce of a moving average is reliable and when you enter at a precise moment to pick the profit as it continues its trend so this is a bounce strategy that six to go long on FX pairs on a strong uptrend as you can see on the left and go short on ethics pairs on a strong downtrend as they bounce off their moving averages can see over here is bouncing off the 50 moving average and we do an entry from here or from here with a quick profit at the top of the range of the trend alright as you can see it's a Down trend it finds resistance at the 50 resistance at a 50 resistant of 50 and we do a short sale to capture the next impulsive wave down so how do you identify these traits how do you trade them successfully and reliably they work best on 50 minute candles we find at least 10 to 15 trades a month with a profit ratio of one is to two any works on every single currency pair so for this first strategy you'll be learning how to identify first of all strong uptrend and downtrend wave structures about the wave structure without the right wave structure you can't treat this profitably how do you identify strong moving average support levels again not all moving averages are strong levels so how do you know which are the strong levels when you exactly enter enter and exit your long and short trades how do you filter for high quality trade setups how do you manage your trade once you're in the tray and you'll be looking at a lot of live trading examples in the course inside let's take a look at a live trade right now on the bounce moving average strategy just identify a bounce setup as the price is on a downtrend as you can see it's bouncing off the moving average over here bouncing off the 50 bouncing off the 50 bouncing off the 50 and I've placed a sell order right at the 50 moving average that's my stop-loss that's my profit target and I'm waiting for the price to go up slightly to fill my limit order before proceeding now to keep my profit target as you can see this is also a very clear Fibonacci level we have got the a to be impulsive way see corrective wave and we're gonna go down to complete the downtrend psycho and as you can see the profit target has been hit and we have maximized our profit on this trade once again in lesson three I'll be showing you my most profitable strategy and my favorite strategy known as noose scalping and this is a strategy where I make huge returns within a few seconds and I do this by scalping news events I'm sure you've seen there are times when the news is released in a market and the currency pair moves rapidly in a direction right and go up a hundred pips to hundreds tree our pitch tree our pips in a couple of minutes and don't you wish you could enter the trade just before you get a huge move now I perfected a system where we don't have to predict the minutes they've got no idea where the price is moving but I'll show you exactly how to trade it so you can capture five hour even 11:00 hour returns within one to two minutes and there will be losing tricks at times of course but whenever losing trade how do you minimize your loss so that the end of the result monthly net return is extremely profitable so for this strategy you'll be learning how to achieve massive profits in seconds by scalping market-moving news like GDP interest rates and non-farm payrolls for example and it's out of all my strategies is the best risk versus return strategy you'll be learning how to identify the key major news events that impacts currency prices the most which pairs to trade which pans to avoid how do you enter and exit with maximum profits how do you minimize risks from whipsaws so many people attempt to do this by the end up losing money because what happens is when the news is released the price can go up in one direction and sunaquot in the other direction and if you don't want to manage the trade you could end up losing money so I'm gonna teach you my approach so even when the price whip sauce you can get out with even a breakeven or profit for that trade and again how do you manage your train and exit with minimum risk and maximum profit and again we'll look at many many life traits in action in fact let's take a look at one right now the seconds I'm gonna show you how I sculpt the news of the dollar can impair the moment and use this release you trigger one of my orders and I'm gonna exit in less than one to two minutes for a sizable profit let's take a look right now once the order is triggered so there we go you can see the price is just gonna once the news is release it trigger my buy order over here and in my buy order you can see that I bought dollar Canadian pair to six seven four two six seven four and as the price goes up you can see profit is increasing and in exactly 60 seconds I'll exit this tree once the one-minute candle closes on the dollar compared and the consequence of the news is all done we can exit the trade all right Gary getting ready to exit the tree now the one-minute candles closes I'm raising my stop-loss to protect my unrealized profits there we go that's my stop-loss it's still going up it's gonna hit the stop loss and I'm gonna capture all these profits in just a couple of seconds you can see my unrealized profit is over here and the Train is over less than two minutes we have clot we have clocked 437 dollars in profit from about a 4600 account that's a 10 percent return in two minutes and this is just how one example of how we stopped the news really fast in this strategy saw was a preview of one of my live trades so basically what we do is we set up the trade before a major market news for example the Canadian currency has major news at 9:30 and in this example the prices can see moves down rapidly the moment the music's released and we enter right at the moment when the price starts to move and we exit for 58 pips within less than 60 seconds or about 60 seconds and the best part of it is we're risking only 12 pips to make 58 pips so there is two return ratio is phenomenal for this rally you're risking one hour to make in this case 4.8 hour and this is just a simple example like I said they'll be trades we taking where we risk 12 tips to make a hundred and twenty pips in 60 seconds to sometimes maybe 120 seconds it's less than 2 minutes so my most profit on strategy I love to teach it to you and once you learn this gonna make huge profits month after month finally in lesson 4 you learning that rate the range strategy so there are many trainers out there who kind of like do well when a currency pairs in a very clear range on an uptrend on a downtrend but whenever the currency pair moves sideways in a very choppy behavior many traders tend to miss some opportunities that country is so hard to train but I'll show you a system of how to be profitable when the price is moving sideways in a very clear consolidation pattern in fact this is a strategy that seeks to go along on Forex pairs that there are the bottom of a consolidation pattern where we buy right at the bottom of a demand zone or a support and we shot at the part of resistance or supply levels so this is a strategy where you can create multiple profits in the shop your of time where you buy sell buy sell and create a huge level of profits within a range now that many traders are later says it can't be that easy right there many times he's a support and I buy it brakes to animals money or I go to a resistance I sell it goes high and I lose money it happens to most traders because again I'll teach you how to avoid supply and demand levels that are not reliable I'll teach you the ones to go in with the highest profit factor to the highest win rate and which currency pairs they work the best on so again these traits come up about 10 to 15 times a month with a wrister rate then ratio of 1 is to 1 point 5 or 1 to 2 and they work on all Forex pairs so for this range strategy you'll be learning how to pick multiple profits when the currency price moves in a range where you can pick multiple trades with multiple profits within a shop you're fine how do you identify again the strongest price channels versus weak price channels that you have to avoid how do you treat the channel with a trend buyers you don't always buy it so far you only buy it support with a long bias uni shot and resistance we were shot by is how you identify this bias when you enter and when you exit these trades for again minimum risk and maximum profit and again we look at a lot of live trading examples in action in fact let's take a look look at a quick live example right now it's a great example of how you trade the range with an uptrend bias you can see that the price is bouncing off the key support level over here and once you identify a very strong key support level you can place a buy order right at the support level which also happens to be the 50 moving average with a stop-loss right below the support level and the profit target right at the resistance giving us a risk to return ratio of a nice one – – and once it's orders place you can see the price triggering I'll buy all over here you can see the price hitting a profit target now the advanced forex trading cost we officially open for registration on the 1st of February 2018 as I mentioned before if you have taken the basic forex trading system and you've seen how profitable first new trading systems are you're making good returns this advanced course will blow your money because again you can be learning my most powerful trading strategies there's gonna help you achieve constant profits in any market conditions so you've got trip opportunities almost every single day here's the great news for the first hundred enrollments and if you have taken my basic course we've given a huge promotional discount for the advance cost a 50% discount for the first 100 enrollments so stay tuned visit our website at piranha profits calm and if you're not mailing list will be sending details to participate in the advanced forex trading course the moment it launches to the first 100 is Adam Koo and I look forward and look I'm excited to teach you these techniques to help you to raise your professional trading to the next level may the markets be with you and I'll see you soon

#adam khoo #adamkhoowealth1 #AKLTG #CFDs #etfs #exchange traded funds #Forex Trade #Forex Trading #forex trading singapore #forex trading strategies #FXAK #stock investing #stock trading #stock trading strategies #technical analysis #trading psychology #wealth academy #wealthacademySG #FOREX TRADING

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A Limited Offer To Get A Free Professional Forex Trading Course

hi this is Adam Koo here and I'm sure you're really excited to welcome in the new year where you are create another source of income for yourself as a successful trader so here's a quick shout-out to my viewers that this is the last day that you can grab the Parana profits forex trading course at the crazy 2017 launch price of $500 because in 2018 prices are gonna be going up really significantly so this allows you to catch this offer and for a limited time offer the great news is that my broker Halifax is offering to pay for all my students education that's right so if you open an account hellofax and you fund the minimum amount with the broker they will credit $500 to your account which means basically they are paying for your entire Forex cost so you get a free Forex cost you get a great broker and it's your opportunity to really create your income stream for 2018 so of course terms and conditions apply do meet the terms and conditions if you are a non-us citizen you are global trade anywhere in the world it could be from India from the UK from Australia you only need to fund a minimum of $1,000 u.s. to get a $500 credit so that basically means for every dollar you put in you give you 50 cents more 150% which basically pays for your entire Forex education now this offer ends on the 31st of December so this is the last day to grab this offer because usually you have to fund 5,000 in your account to enjoy this offer if you are US citizen you have to fund your account if $5,000 where it's usually $10,000 now I have to say that this offer and this course is not open to Singapore citizens or residents because of regulatory reasons I'm sorry you have to attend our live training courses these online courses and broker offers are not available in Singapore alright so you're going to grab this offer just go to purana profits calm and click on courses forex trading for Trading cause when you go to forex trading course all you got to do is to click on pricing and plans so over here that's right view plans and pricing click on that and it would bring you to this page where again for this limited time offer you can enroll in our forex trading course at five hundos and get the same five hundred credited back to your account by using Halifax brokers which is a broker I use because they've got the best trading tools available so that guys I'll see you soon in 2018 and have a wonderful year hip

#adam khoo #adamkhoowealth1 #AKLTG #CFDs #etfs #exchange traded funds #Forex Trade #Forex Trading #forex trading strategies #FXAK #stock investing #stock trading #technical analysis #wealth academy #wealthacademySG #FOREX TRADING

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Forex Trading Position Sizing & Money Management by Adam Khoo

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all right so hi guys welcome to Lesson four so in this lesson you're going to learn how to size the position of your trades in order to manage your risk and a very low nice weight as well as how do you automate your trading order so that basically you trade with very little effort and results come a lot easier so let's not piss in sizing but sizing is the part of your trading system that tells you exactly how many contracts to buy or to sell now a trading system just doesn't just take into account the entry rules and exit rules so some people may say ok I know exactly when to enter when to exit but if you don't size your position in a calculated way you will not lead to a positive expectancy at the end of your trading journey so recall that your successful trader there are 3 things to take into account right you've got first of all your trading strategy that again tells you your entry and exit rules but 30% of your success it's even more important than the entry exit rules is how you size your positions to keep your wrists portrayed as small as possible so in the event of a losing streak which is in N and inevitable in a trading system you'll be able to continue trading in order to reap the positive edge that comes with it over a larger sample trades finally you need to have again the psychology to execute the trades consistently and we'll talk about that in a lesson on trading psychology so for now we're gonna calculate or we're gonna focus on position sizing so again position sizing will help you to determine a few things number one how many contracts you will long or short on any part of the trade what is your risk per trade and your overall risk your whole part for you and more importantly what's your expected returns on your portfolio you can expect so let's go to the steps to calculate your position size and step number one is to check your net liquidation so what ever broken you're using once you log in you can look at your net liquidation or the amount of capital that you have to trade all right so we call this your net creation and for example say you've got $10,000 right you put an account in fun with $10,000 that's a net liquidation now you'll eventually go up or you may go down first before going up okay step 2 is you must determine your risk per trade so risk refers to the maximum loss that you're willing to take for every trade you put it this is the maximum you can lose if your stop-loss is hit very importantly this loss should never be more than 1% to a maximum of 3 percent of your net liquidation okay in other words never risk more than 1% to a maximum of 3 percent of your capital on any single trade so my suggestion is we start with a 1% risk of trade and once you are confident enough you're experienced enough you can easy to do percent and eventually to 3% maximum okay now once you decide on your risk per trade you have to stick with consistently over a period of time before you upgrade it all right so what you never want to do is to say okay I'm confident in this trade it's gonna be a winner I'm gonna risk 3% this trade I must it's too confident now is 1% no it doesn't happen that way you have to be consistent in your whisper trade because in reality you never know which one's gonna be a winner and which was gonna be a loser because on a trade by trade basis every trade outcome is random you gotta remember that you can never predict the outcome of any one trade but you can predict the outcome of many trades that you'll give you a positive statistical age of profit because the average wins will cover the average losses if you keep your risk consistent so let's take an example where we start by risking 1% of our capital so once you have that step 3 is to calculate your position size for each trade now I'm going to show you how to calculate it manually but in reality there are many position sizing calculators that you can find online or on your they will do it for you within a couple of seconds so you have to understand the theory and then use the calculator right great so here's the formula here's the form of K the number of lots to trade equals to your net liquidation or your current capital x your risk for tree which is 1% 2% 3% divided by your stop-loss distance multiplied by your dollar value per pip per standard contract okay so what do all these things mean let's put in examples over here all right so again we're starting at ten thousand dollars in our account so net liquidation of the ten thousand dollars we are risking 1% per trade so we put 1% so then thousand dollars 3 by M multiplied by 1% is $100 so the most that you are willing to lose is a hundred dollars in it in a trade okay so how many contracts do you need to buy in order to keep that risk and a horndog well you divide it by the stop-loss distance okay what's the stop-loss distance means stop moans distance is the distance from your entry price to your stop-loss price for example if you enter or you buy and say one point two one two zero okay so in forex we just say to one to zero and we don't see that one point just to 1 0 to 1 to 0 right and we place the stop-loss say – 1 0 0 again let me say Adam how do I know where to place the stop-loss that is what you're gonna learn in lesson 5 and lesson 7 under the specific strategy I'll teach you exactly where to place the stop-loss now your stop loss placement is always based on the candlestick patterns I repeat you always place your stop loss based on certain candlestick patterns so for different traits your stop-loss be placed at different distance sometimes your stop-loss maybe it pips away sometimes maybe 20 pips away depending on that price action okay so in this case as imagine you are placing your stop-loss 20 pips away so this would be 20 okay makes you multiply it by the dollar value per pip a standard lot so what is this figure well it depends on the payor trader if you're trading euro USD then this would be ten dollars okay and other pairs would be you know slightly more or less than ten dollars to be eleven dollars nine dollars and all that three depends on the pack okay so how do you find out what this figure is I'll show you in a short while you can go to many websites to check the dollar that you put in or just use a standard calculator then we're copying everything for you got it great oops sorry so yeah so once you punch in this these numbers ten thousand multiplied by one percent divided by twenty times ten you will get zero point five so the answer is zero point five so what is 0.5 0.5 means 0.5 contracts or so it's 0.5 Lots if you will now recall in less than one one standard lot in forex is a hundred thousand of the base currency so in this case the base currency is euro USD sorry the base currency is Europe right so one lot is a hundred thousand euros so 0.5 Lots would be 50 thousand euros okay so that's exactly the number of euros that you'll buy to place this trade okay so notice that in your account you've got ten thousand dollars in cash but you're buying 50 thousand in euros to take this position so how much leverage are you using you're using roughly about five times leverage okay so you find that in forex trading we will use leverage some brokers will offer you 40 times which a hundred times language you don't need that in fact in most of my trades i only leverage a maximum of 20 times that's the most in other words if i've got a $10,000 account okay the very most i'll buy is 20 times of that which is two hundred thousand four thousand all right by this case it is five times leverage only by fifty thousand okay let me say hey isn't that risky you know how many got ten grand about fifty grand all right now it's not risky because you've got your spot loss there so the worst that can happen is that you lose a hundred dollars right because you're risking one percent of your net liquidation so your risk is not fifty thousand don't freak out your wrist is a hundred dollars okay this is a stop loss that's why you got a place of stop loss right okay okay so let's take a look at another example so in this example again let's go to the step step one determine your account equity or your net liquidation right so again in imagine you got ten thousand dollars in your account you found that you're confident grant and step two is you're gonna determine your risk for trade so in this case that's imagine you're gonna risk creep a set of your capital because you're more confident more experienced but put three percent again once you upgrade to three percent you can't go back go to keep being consistently that same three percent right so this means in a losing trade you are prepared to lose three percent of your capital which is three hundred dollars step three determine your stop-loss distance so again I like I mentioned this depends on a strategy and the specific candlestick pattern that you see so in lesson five and less than seven I'll teach you exactly where to place a stop loss for any particular trade so in this case that's imagine your stop-loss is 30 pips away okay so with that information you can copy the number of lots to trade so number of Lots would be again net liquidation which is ten grand multiplied by 3 % / stop-loss distance of 30 pips multiplied by your dollar value so again this depends on the currency pair now for most pairs which are US dollar denominated it's about ten dollars right so you owe us these about ten bucks so just gonna use ten bucks so ten thousand multiplied by three percent there's three hundred dollars divided by 30 pips times ten dollars three hundred Eva by three hundred is one a lot so one lot is again a hundred thousand of the base currency so it's euro USD base cross euro we're gonna buy a hundred thousand euros and if you do that and your stop-loss there 30 pips how much is your risk three hundred dollars that's it okay so a few important points to know now remember that regardless of where you place your stop loss whether you place your stop of 10 pips away 20 pips away a hundred pips away your wrist should always remain the same where you place your stop loss should not change the risks you're taking that's the key you must always be risking a fixed 1 percent of your capital or three percent of whatever it is okay so depending on the strategy and the specific candlestick pattern of the trade stop-loss is placed at different distances usually below the previous low of the candle okay so you always determine your stop-loss first then you count me the number of knots to trade to keep your risk consistent the number of knots traded is inversely proportional to the stop-loss in other words the further your stop-loss the smaller than um of knots you trade but Nerada stop-loss the greater number of multi trade with the risk always be the same all right so this is just one of the many questions sizing calculators that you can use when you are copying of position science and again I tend to use the one that I download on my phone app but I'll show you the one on one of the website so if you go to my FX book.com / Forex calculate this position sighs we can just simply do a Google search for Forex calculators let's turn sizing you get something like that okay so again so again account currency u.s. dollars account signs now this will be your net liquidation net equation so in this case say 10 gram you're risking against a three percent your stop-loss is 30 pips away choose the currency pair you're trading okay because this will determine the dollar value per pip so euro USD and click on that boom there you go one lot which is a hundred thousand units ago so simple as that alright so let's take a look at some graphical representations of what I've just mentioned and again for example in the length can see a long trade where you are entering at a certain level so for example you're entering at one point two zero two zero okay so say you're entering at that level of the euro USD so you place your stop-loss 10 pips away so there will be one point two zero one zero now in for X we just say – 0 – 0 and 2 to the 1 0 we don't say that one point something right so clearly it's 10 pips below so again I've mentioned a given again let me just say it again when you place your stop loss depends on the specific candlestick patterns of that particular strategy and we'll learn that in the strategy section of less than 5 and lesson 7 of this professional forex trading course now so if your stop-loss is at 2 0 1 0 this 10 pips represents your one-hour distance so again what is our our represents risk okay and so if I'm risking one hour my profit target will be usually 1.5 hour okay when I trade stops I tend to use 1/2 but when I trade Forex especially the way I treat Forex I treat 15-minute candles right doing ba traits or scalping trades I normally will take a 1.5 hour power game and the reason I do that is because for it's a lot more volatile and I find that when I take a 1 to 2 it doesn't hit my profit target as much as I want to it reduces the win rate so with 1.5 I get a very very high winrate and a very good profit and the other day so say don't be green you don't waste go for a 1/2 – 1 2 3 at times it works for most of time if you're trading regularly a 1 to 1.5 is really very very profitable and I learned not be greedy in trading currencies especially trading lower timeframes okay so if 10 pitch is what point if 10 pips is 1 are 1.5 I'll just take 10 x 1.5 its 15 pips so I know that my target price be 15 pips above the entry price which which would be 2 0 3 5 there we go okay in the lesson plan on placing orders what I do is I place a bracket order with the entry stop-loss and target price place at the same time ok so there we go for this example now over here it's a different trait and I'm entering at again say in this case am I'm trading the dollar yet so it's 1 11.30 for example I'm going long on the dollar yen okay so my stop-loss in this case between if it's away because of this put a specific candlestick pattern or strategy so my stop-loss would be 1 1 1 point 1 0 okay so in this case my stop-loss is further away from this one but the risk should still be the same not sure must be the same so it is still 1 hour so when I size my position in this case I would buy so-called a different number of contracts from this one this one my contract size bit bigger this one my contracts has to be smaller in order to maintain this risk of my capital okay so if I'm risking 20 pips my target price must be 1.5 are above the entry 1.5 times 20 is 30 pips find a price and one one one point six zero there you go so again no matter where you place your stop-loss your risk per trade remains the same and your target price is always one point five times your risk all right all right so let's review our rules one more time risk management ensures that you keep your losses small and you will always have enough equity to keep trade in the event of a losing streak which is inevitable in trade and how good you are you go to periods of meeting streaks and piers of losing streaks and you can ensure that when you go to a losing streak it doesn't know what you are excuse you in the game all right so here the rules again rule number one always R is a fixed percentage of your net liquidation or capital again kept it between 1 percent or maximum 3 percent remember when you r is 1 percent if you get 4 losses in a row that's a 4 percent draw down on your capital and a tree percent miss pertree with 4 losses in a row you're getting a twelve percent drawn on capital but if you miss ten percent which you should never do yeah right number four losses in a row and you're down 40 percent of your capital now you may say it but Adam if the trading strategy is good and I keep trading I'll make that money back yeah that's true I can do that for most people once they lose more than 20 percent of their money it affects them psychologically they get emotional factor and you know the moment you get emotional effect that your your fingers start to shake and it's like you know should I take the next train what'd I lose again and the moment you get emotional you can't trade at your pink so you must always raise a small percentage such they're a number of losing trades that's not affecting you at all emotionally right in fact if there are facts emotionally it means you're trading with too much risk always straight at a level of risk where it doesn't affect you emotionally and only then can you trade optimally make sense okay great so again always use a stop loss on it never enter a trip without a predefined stop loss a stop loss allows us to predetermine the amount that we can lose in a losing trade let me do the difference between and literacy professionals and which was when you enter the market they have got this gamblers mentality they always dream of how much money they can make oh this one's gonna be a big we're gonna make so much money right professional traders whenever we place a trade the first thing we think about is not how much I'm gonna make the first thing we're gonna think about is how much am I prepared to lose if these traits are looser because any trade that you're going to could be a loose never know which one so the only thing you can control is how much you can lose betrayed so you always keep that really small next always use a thick profit order well that's my style at least okay because that allows us to predetermine the profit in a winning trade remember you can only make money at the end of the day if your average will is more than your average loss you can't control your win rate but you can control how much you win when you win how much you differently lose and by having a predetermined profit target you can ensure that you always get more than one hour of risk so when you lose we lose one arm when you win you can have to win more than one our 1.5 arm is my star for thorax okay so you can ensure your risk to return ratio is at least one is to one point five and again trading success is balancing between win rate and mystery can measure something Adam why don't I wrist want to make to always want to make three isn't it better sure who doesn't but the moment of profit target is too far away your win rate will go down so there's always a trade off and to me this is the pot the optimal balance right which is risking one to make one point five and having a pretty decent win rate of about 60% to sometimes 70 percent Midway okay so again remember the better there is to return ratio the lower your it way if you want to make 5 you can't get a 60% between your win rate may go down to what 40% okay few other important rules now this is my own rule I suggest you follow it right if you want to treat like me is I do not take more than two concurrent treats at the same time in fact most of the time I only take one trade only when it closes do I pick the next string and the way I treat forex I trade 15-minute candles so my average treat lasts for one to two hours or less right in fact I rarely hold a trade for more in two hours so it's a day trading scalping star I don't take more than two treats at one time because when I take a trade I'm risking say 2% I take two trades I'm risking 4% okay so no more than two trades at one time and if I am taking two trips at the same time they cannot be correlated what do I mean for example if I go along euro-usd what does it mean it means I'm bullish on a euro and bearish on the dollar and if I take another trip and I'm shorting the dollar yen which means now I'm bearish on a dollar okay I'm bullish on the yen you know both traits are correlated because over here I'm sure I'm bearish on a dollar right and I'm also perished on the dollar so if the dollar goes up both traits will lose that's not a good idea right next I take a maximum of three trades every day okay now there's no minimum on certain days it has not clear trade setup I do not take a trade the whole day even I can look at the charts the whole day even there's no clear trade I do not take it that's the discipline I only take time quality traits and a maximum three trades a day alright so now that you understand about how much risk you are taking when you're trading the next thing is you have to know how much you can potentially earn as a professional or part-time Forex trader so the idea is to always ensure it eventually you can make as much money in your trading as compared to your job so you can eventually you know quit your job and do this full-time or still keep your job and double your income that's a good idea right okay great now to do that you have to determine what is the expectancy of your trading system your trading system must have a positive statistical expectancy and age in the markets right so in the trading cost I'm gonna teach you the trading systems that I use that have got a very high profit expectancy not not every trades going to be a winner you can be sure that over a sum of tricks you'll always make money okay and from there you can copy the you expect them within a month in a year so whenever you trade a strategy you must always calculate the expected profit per trade and this is the formula the formula goes is raised but sent that you win multiplied by average win – percentage loss multiplied by average loss okay so depending on your strategy so the strategy I use is called the impulse pullback and the impulse pin bar strategy he's got a pretty good win rate of about 55 to 60 percent on average now sometimes I can get a 70% win rate on certain months but let's be conservative and let's just take a 55% we grade okay so based on this you can expect to win 55 percent of the time and lose 45 percent of time so we have to plug in your average win and average loss so let's take an example so let's imagine you risk 1% a trade so your average loss would be $100 right what percent times 10 grand and your average win would be 1.5 percent alright because you're risking one to make 1.5 in forex member net so your average will be a hundred and fifty dollars so if that you plug in the figures what you get so your expectancy per trade will be 55 percent times 150 with your average win – 45 % x Horne dollars your average loss so if you do the math that's 80 – 50 – 45 that's thirty seven dollars and fifty cents per trade so on average every trade you may we'll get you thirty-seven dollars and fifty cents on average right that's the disco average so this means that if you do 20 trades a month twenty traits multiplied by 30 750 is $750 and $750 over 10 grand that is 7.5 percent return per month okay so you compound that 7.5 percent a month compound in a year it's over a half percent if you're doubling your money every year I can take it in reality the figure is a lot higher than this why does this assumes that your capital is always a $10,000 remember you will not always be a 10,000 from 10,000 you will grow to 11 1250 20,000 and your average win will be bigger well so will your average loss but your average money profit but really begin bigger so a compound so this assumes there's no compounding right now the other way you can do I mean the other thing you can do is as you get more experience you risk more than 1% you miss 2% or 3% and again if you miss three percent what happens your return per month from 7.5% will triple to over 16 percent a month and it compounds from there now one of the most important things that I've learned is to not think in terms of money when I train because money is a very emotional thing right so if you think there's some money and you have a lot to say you know I just lost 200 bucks you know I just lost you know I just lost 10 minutes all right oh I just lost a TV set or I just lost an iPhone right I just won a holiday right and you get very emotional okay so the key is to always think in terms of our multiples right what does that mean so successful traders always thing in our multiples so they mentally disassociate with the money they're trading okay so what is one are what are the unit of risk so again 1r is the maximum risk you're taking per trade so one hour could be 1% risk or 3% risk so the key is that when I have a loss I never think I lost you know five grand or five hundred dollars for 50 bucks I always think no I lost one arm you know I just lost one hour and when I win I win one point five R so that's how I think and at the end of the mine at the end of the year I didn't tell you the money I mean which is always positive right so if you use our multiples to calculate your expectancy here's how you look right so same thing your expected profit per trade will be 55% which is your win rate multiplied by your average win and your average penis 1.5 are – your percentage loss for a forty five percent multiplied by one our average loss if you do the math you get 0.375 hour of the trade okay so on average every trade you make you're gonna make 0.375 are as long as as it is a positive figure your trading system has a positive expectancy in the markets okay so again if you do 20 traits a month on average now I do anywhere from 20 to about 40 treats a month for currencies all right trading on the 50 minute candles so that's 7.5 hour a month so again what 7.5 are you're risking 1% of your capital 7.5 hours is 7.5 percent return on your capital R is 2% is 15% retreat percent its twenty two point five percent return on your capital let me say okay that's so great why don't I do this immediately because the volatility be a lot higher remember when you get for losing trades at three percent risk is a 12 percent drawdown and you must be mentally conditioned emotionally to handle that so always start with one percent and look your way up from there okay all right so let's take a look at this trading simulator that was created by a very good friend of mine and this friend of mine his name is Kong he and to this day he's the best forex trader that I know in the world right and he's he's a brilliant guy he started with $10,000 and grew to a million dollars u.s. in about two to three years or less right and it's one of the best traders I know really dear friend and he created this simulator and I've provided as part of this online forex trading course so he can use it and you can see what come results we expect all results you can expect to get as you trade your currency markets okay so I'm going to show you how it works and basically this uses an Excel random number generator okay so what you wanna do is you wanna key in the bosses in yellow okay he in the bosses in yellow and your compute the the kind of the different outcomes you can expand alright so the first thing became your win rate okay so I can tell you again the trading systems that I will teach you in my cost the win rate would be again roughly about sixty percent okay but I would say conservatively you can you know in for anything between 50% to say 60% win rate on Goodman's you can get a 70% win rate but let's not get carried away that can't happen every month okay so let's begin with putting in an average of 55 percent minutes nineteen fifty five percent and now can you see simulated win wait over here this is 51 percent okay so notice every time I key in 55 I will get a different figure different figure why because this is a simulation based on random number generators let me give you an example right now if I toss a coin what is the theoretical win rate of a hit fifty percent right 50 percent heads and tails but if I toss it a hundred times I don't always get 50 hits and 50 tails sometimes I may get 60 hits and for details want me get 40,000 60 hits so every hundred times there's always a difference depending on the luck factor randomness so this accounts for the random win rate over a hundred traits as you can see okay so every time you trade a hundred traits and your strategy has a fifty five point plus a win rate you'll get a different result depending on the randomness just make sense okay great so put fifty five percent and for the losing our multiple put one and one so this the minimum loss and maximum loss we always keep it as one arm right because always miss our stop loss and we always lose one arm when it hits off stop us we always burner the stop-loss never ever remove the stop-loss okay unless you want to die don't die okay great now for our winning are multiple again I set a profit target at a fixed one point five are so 1.5 1.5 minimum X I make it really simple I think you might like really really simple okay risk betrayed again you can stop with one percent one percent so once you clean these variables you can then put in your starting capital so again matches ten grand and enter and based on those variables you can expect to see your band grant go to $14,000 okay over 100 trades and retreat so how long do you need to complete a hundred trades well it depends on the trading strategy you use so again the trading strategy I use is called the impulse pullback and the impulse pin bar based on 15-minute candles and I do anywhere from 20 to 40 trades a month so if you take the average of 25 tricks a month basically I do a her trades every four months so you can let me see your achieving a huntress in four months alright and in one year it's about 300 trains okay you know yeah all right so so notice every time you put in 10,000 all right you get a different figure like this you always get a different figure why why is it always different because right like this loan why because this keeps changing in this case the wind rates up to 47% and hence you only grow your capital to 11 grand on another one okay so in this case you get the win rates goes up to 59% for that 100 trades your compound returns 59% money equals 59 percent and a honey trades which again is about four months all right and you can see that based on this what is your expected profit per trade point four are your standard deviation and so and so forth right and you can see how your capital grows and your capital compounds from 10,000 to in this case $15,000 and again notice it's not a straight line right your capital can't walk every day right there's ups and downs there will be losing streaks okay so if you look at the hundred trades over here about this right even with a win rate of fifty nine percent you will get one two three five losses in a row it will happen right you get four losses in a row but at the same time you will get one two three four five six seven weeks ago so the losses can come in the row the winds can come in a row okay so the point is is many people say hey Adam you know what I love to do what you do I love to get and on 59 percent win rate sorry a 59 percent grew up in my calculating for months I want to double my money sure you can do that right when you follow my system you can do that but do that you must be willing to walk the journey of going to the wins and losses most people are not willing to do that you know some people like for example imagine you start trading and it so happens when you start trading you have happen to capture this losing sample is that possible yeah where 1 2 3 4 5 6 you take seven trades and you lose six and you win one now most people the product I would give up they say our fitness design world or and it would do something else they would trade options or something like that right or they start to you know Noah theories on it's something tricky a strategy and it you don't get screwed up okay all the news confidence is not trading but what if you start the trading and you happen to capture this winning sample over here or you want two three four five six seven eight nine ten yet ten trades you win it you lose two is you want my winner is 80% you can carry it away and you risk more and more okay and by the time you miss more the losing streak okay so my point is in trading alright when you have a win don't be happy right whenever loss don't be upset okay because every outcome in your trading is the discrete insignificant and I've talked a lot about this again under the trading psychology section of this course but I likely just get second again getting it to drill within you that you do not be concerned with losing and winning streaks what you're concerned about is the outcome over a hundred trades which will always be positive if you follow the system okay and again notice if you Restrepo send what happens you reach three percent what happens to your capital boom right it gets higher right three percent you can see on average your ending capital is higher right you make more but more you risk but when you risk more what happens you find that your drawdown your worst drawdown becomes 20 percent drawdown is your drop in capital right so with a higher risk you're gonna take a higher level draw downs okay so that concludes this section on position sizing risk management okay so let's go on to the next section alright guys so if you like this video you like to subscribe for more videos click the subscribe button to let you find out more about live training classes you can go to well I can meet global.com we do run our live training programs in Asia at the same time you like to check our online professional trading courses you can go to purana profits calm you looking for forex professional online training program will be out sometime in about a month or so so right now you may want to look at our stock trading program this adam crew signing off and i'll see you soon

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One of the best workshop that I have attended was Patterns of Excellence (POE) by AKLTG. POE or any NLP course should be everyone first workshop to attend before others. I graduated from the POE Module 1 in Aug 2017, it have helped me to understand myself more, to be more motivated into chasing my goals.

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