The 5 Swing Trader Tips I Learned The Hard Way (Forex Market)
forextradingkey September 6th. 2020, 9:19pmIn this Bangkok Forex trading vlog, I share with you my top 5 tips to make money as a swing trader in any market condition. Vlog #536
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Video Summary:
1) Look at the charts 3-4 times a day
2) Look at the turning points in the market
3) Systems vs predictions
4) Find out when things don’t work well
5) Stop losses rules for better mindset & results
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// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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September 6th, 2020 at 9:28 pm
What I struggle with is I close the trades too early; I have a TP in place but I always close just before a big retest/pullback. It then pulls back then continues going the way I predict to what would of hit my TP. I think I do this because I don't want to be too greedy and I feel like that money is getting taken away from me and I may not get it back. I make money but if I leave it for the full journey, despite going through a big pull back then I would have made double what I originally did. Any tips for this? Thanks
September 6th, 2020 at 10:23 pm
The beakeven works better for me. Awesome video
September 6th, 2020 at 10:43 pm
Hello, please help me, I can’t understand what a real site is. www1.oanda.com or http://www.oanda.com I want to open an account
September 6th, 2020 at 10:52 pm
Congratulations on 30k my friend😷🍻
September 6th, 2020 at 11:09 pm
One of my biggest break throughs came from letting a trade manager ea manage my position based on my rules. No longer would I panic and close out early or let a loss run. Once a position is entered the ea does the rest. The result is either a win or lose. No stress.
September 6th, 2020 at 11:31 pm
Thanks for the tips.
September 7th, 2020 at 12:27 am
🌻
September 7th, 2020 at 12:34 am
Is FTMO a scam??
September 7th, 2020 at 12:44 am
I can't express enough how important it is to stay comfortable with what's making you money. Huge problem I had last year where I would be making money with a stock I'm good at trading, then I would try a different one I wasn't familiar with and would shred all the profits I made with the stock that was originally working for me. STICK TO WHAT WORKS!
September 7th, 2020 at 1:37 am
Awesome video Etienne, Keep it up bro
September 7th, 2020 at 2:06 am
Unless I'm targeting a very small move, I almost always use dynamic risk so that I can scale out of a trade. I also place an alert at TP1 when I'm targeting bigger moves, so that if it looks like price is turning I can close 1 more position and let my runner continue. 3 positions that all equal 0.5-1% loss if I close out completely and I aim for a RRR of 1:3
September 7th, 2020 at 2:42 am
Hi Etienne, I actually use your advice on taking 2 trades. 1st trade for 1:1 and breakeven and 2nd trade for 3:1. It did change the mindset big time and winning more often those 1:1 is great. Thanks.
September 7th, 2020 at 3:20 am
Words of wisdom. I already follow all these.
September 7th, 2020 at 4:17 am
Thanks E good info.
September 7th, 2020 at 4:58 am
I’m learning that a journal is almost invaluable to ensure you continue moving forward as a profitable trader.
September 7th, 2020 at 5:05 am
So far I have concerned in the forex market for more than three years, your advice is honest, not just selling video. Thank you, keep it up.
September 7th, 2020 at 5:42 am
Nice tip with this MM and take 1/2 RR or 1/3 RR.I search for my self what is the best RR for my strategy.I use myfxbook wher i see often i got 1/1 or 1/2 RR but very rare 1/3 or 1/4RR.
September 7th, 2020 at 5:48 am
Thx bro stay safe and take care of yourself
And those around u'
September 7th, 2020 at 6:17 am
Thanks Etienne for sharing your great experience. I wish you good luck and CU Soon.
September 7th, 2020 at 6:50 am
the hardest thing for me is memory to remember, it is just like every time i look at the chart i need to start analyzing all over again.