Do Not Make This Beginner Forex Mistake... (you need to watch this twice)

Рет қаралды 86,949

3 жыл бұрын

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This is by far the biggest mistake that most beginners make when live trading in the Forex market. And, throughout this video, I will be showing you how to avoid this mistake.
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In this video, Steven shares what currency pairs you should focus on if you are a beginner in Forex Trading.
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Steven Hart -
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For over a decade, Steven has studied the science of trading and psychology. This combination allows him to not only be an incredible trader, but a very understandable teacher as well.
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Пікірлер: 385

@thetradingchannel 2 жыл бұрын

EXTREMELY IMPORTANT PSA: There are a number of accounts using our name and profile picture to pretend to be me and steal money from viewers. 1 - I do not have a Telegram, Whatsapp, or Discord account. 2 - I will NEVER ask you for money. 3 - I will NEVER ask for money/cryptocurrency and say I will trade for you. 4 - I will NEVER ask you for a payment in any cryptocurrency. 5 - DO NOT COMMUNICATE WITH THESE ACCOUNTS. They are pretending to be me and trying to steal your money. I currently have two full-time employees that delete these comments daily. But, some still get through. So, please be extremely careful and never give someone cryptocurrency or money that is pretending to be me. AGAIN, I DO NOT HAVE A TELEGRAM, WHATSAPP, OR DISCORD ACCOUNT, I WILL NEVER ASK YOU FOR MONEY OR TRADE FOR YOU, I WILL NEVER ASK YOU FOR A PAYMENT IN CRYPTO. DO NOT COMMUNICATE WITH THESE ACCOUNTS. Also, there are a number of fake IG accounts doing the same exact thing. The ONLY Instagram accounts we run are @stevenkiethhart and @thetradingchannel anything else is not me/us. Other than that, I hope you enjoy the video! If you want to learn from us and would like to learn more advanced material then join our VIP training course/program. Go to www.eaptrainingprogram.com PROGRAM INCLUDES: Full training course (beginner to advanced) Technical analysis training Full rules-based Strategies Risk management training Strategy optimization training Backtesting training Weekly analysis video (each Monday) 3 to 5 email alerts each week Pro Trader Report (email of analysis) Priority email mentorship (Me personally answering your questions) Review videos FREE Spreadsheet for backtesting Advanced AP1 pattern training Advanced Double bottom/top training And much much more... For any questions about the course email - support@thetradingchannel.net PROGRAM ACCESS - www.eaptrainingprogram.com Talk soon, Your honest trading coach, Steven

@shedlight480 3 жыл бұрын

Thanks alot for this video bro it's a blessing to me

@nickc.8031 3 жыл бұрын

Shit, I did this twice today..on the same trade! Had I just done uh, nothing would've been baddass. But you can't call me emotional. You're emotional!! Wait, I see, I'm getting emotional. I think I'm just gonna break down and buy your course bro, in hopes of just one day being as well versed and well groomed as you Stephen. Mad Respect man.

@noahkreyenhagen8937 3 жыл бұрын

I made this mistake earlier today

@dinolamond4364 3 жыл бұрын

I love this video, you kept it fresh with a couple jokes and the info was amazing! You've brought me a long way in my trading, still trying to figure out who's going to be a great mentor for my style of learning but I'm leaning towards you rn

@SophieSHall-dg3ec 3 жыл бұрын

Are you open to do trading outside the course

@Godfather_-mv6vi 3 жыл бұрын

Yeah, I'm a beginner and I get scare alot

@supriyaReels 3 жыл бұрын

I did that mistake many time even doing that now 😭😭 now I understood

@Only1Frankie 3 жыл бұрын

Please don't copy the cover art of other youtubers. Keep doing you man

@Hknasw 3 жыл бұрын

Cough cough Swaggy C cough cough

@markmcmanus9960 3 жыл бұрын

Love your video's my friend. Seems to me you are among the best on KZfaq, at least for me, nothing but practical and very useful information, thank you Steve for helping the new guys out here, you are a great man !

@makemoneynow5061 3 жыл бұрын

This video is worth watching! More of this, please!

@dinushasilva211 3 жыл бұрын

Hi steven First comment i am from sri lanka

@Hells_Gift_MB 3 жыл бұрын

How do you find trading opportunities for Forex pairs? It seems easier with stocks because you always have the open for lots of activity, Forex the opportunities seems few and far between

@tonderashonhiwa3430 3 жыл бұрын

This is exactly what I'm doing!!! Thanks for this video, I'll really change my way of trading.

@rawfitnessforlife1572 3 жыл бұрын

Yes it’s what I did at the beginning and it took me into a decent size drawdown. Since then I have been employing the techniques you speak about and have clawed my way back. I appreciate this video for confirmation that what I am doing is now on track. Thanks Steven

@gedesugiartha9334 3 жыл бұрын

Steven, your contents are awesome and useful for beginners in this industry, I always watch your videos when KZfaq gives me notifications that The Trading Channel has uploaded new video. I’m a beginner too, I’ve been trading forex for 1 and half years now, and I’m doing demo for a week using your strategies, thank you Steven!!, keep up the good work!!

@Max-pw5ez 3 жыл бұрын

Touché! That's emotion and fear! I used to do the same mistake

@patbosher8963 3 жыл бұрын

Doing this a lot . I'm on demo so thanks for the info. It takes my confidence away for a while. But not for long. I get back in the game.👍

@calvinmack206 3 жыл бұрын

Great great VIDEO!!! Stop loss has to be your friend. I have blown some money but have improved so much 1. Stop loss is my friend. 2. Risk management never over leverage and I use a small lot size. 3. Take emotions out of the trade. 4. Practice my strategies in the Demo. I like your strategy I will Practice it in my Demo. Thanks again

@needrima 10 ай бұрын

I'm a beginner trader and Steven, I must say, the fear and second guessing thing is real. I still experienced it today where I closed a trade half way and it ended up hitting my target. Now that im watching this, you have changed my mindset

@sbusisomthethwa2310 3 жыл бұрын

Steven I appreciate you bro...I've learnt alot since I subscribed to The Trading Channel, God bless you

@riedahoosain Жыл бұрын

I have been doing this alot. Thanks for this video

@waiollie2249 3 жыл бұрын

You have exactly explained my problem. I have learnt a lot from u. THX

@kuldeep.chopade 3 жыл бұрын

This video slapping 👋🏾 hard... I always enter too early or too late, then exit too early

@moyairving5197 3 жыл бұрын

You bring me back to my senses everytime i get frustrated.

@Dirtybird51077 3 жыл бұрын

I agree we all do this but you also can’t let a winning trade turn into a losing trade. There has to be some type of trail stop or take off contracts at intervals

@desmonsingh5468 3 жыл бұрын

Steven can you teach us institutional trading, i think thats why retail traders lose. hence why we dont make it in the markets. Thanks man loving your videos overall

@rajanne2947 3 жыл бұрын

Thanks for the illumination!

@positivetradingofficial500 2 жыл бұрын

On point as always

@coachcolethehandyman3442 3 жыл бұрын

I REALLY needed this video..thank you

@ezekieljude629 3 жыл бұрын

Wow u really good. I too make same mistake. Cuz I never had plans . But u just made me understand more thanks for the video.

@alexcuccurullo4717 2 жыл бұрын

Amazing content, thank you providing this to us so we can all learn

@danielnwugo5051 Жыл бұрын

Wow, that's awesome!!! Your teaching is understandable, Actually the best.

@blackgame467 3 жыл бұрын

Thanks a lot Steven!

@IanC766 3 жыл бұрын

Biggest issue I have is moving the stop loss to BE to early

@tinathobela4738 3 жыл бұрын

Wow Steven!. I just felt like u were talking to me coz I do that all the time and I regret if I see that the Market pushed higher 😢 after my exit

@MS-ms5wj 3 жыл бұрын

I was in same situation before now I'm gaining confidence with my trades and take the trade to tp. Thanks i learn alot from your videos.

@dk4life100 2 жыл бұрын

I can’t speak for others but trading psychology related videos are helping me more more and cause I swear on universe 6 grave I am one of those traders who hop out way too early due to emotions!!😭 thank you for this one! I will definitely always refer back to this video if I need a mental reset!

@jennyimm2175 Жыл бұрын

This is the exact issues I'm facing now thanks so much for this video it was really a relief ❤️

@brucesmith6868 3 жыл бұрын

Thanks Steven great advice 👍

@pappiiace 3 жыл бұрын

this man deserves 1 mill subs

@muralikrishna6838 3 жыл бұрын

great, I have experienced this. hereafter I will try to get rid of my emotion as you said and stick to my plan until the result comes either side

@lydiamendez6866 3 жыл бұрын

Trading in the forex market is one of the best decision to take to be financially independent and also as a side hustle. Interested in making massive profits weekly, Dm @07723 516742

@carolynnaiga3058 3 жыл бұрын

I immediately start questioning myself the moment but place the trade

@gusela2734 3 жыл бұрын

Thank you so much Man I doing that time and time again I don’t plan my trade Will practice that and see how it goes

@damianarszynski3603 3 жыл бұрын

This is exactly what I being doing 😭 Closed the tread if i have seen (-$) but later on the graph hit TP, but it was to late

@bareltchaly 3 жыл бұрын

Thanks a lot man

@hamedbie4352 2 жыл бұрын

Hey Steve , It was a great tutorial for me . Thank you .

@spacemanhunter999 3 жыл бұрын

I do it all the time, I get out if it’s taking too long, what’s worst is that sometimes I was right to get out, but others the market moved the way I thought it would, I have to learn to trust my analysis. Thanks bro, very good video

@mermaidwilliams2355 3 жыл бұрын

Going to o watch when I get back home 🏡.. you're doing an awesome btw..;)

@mermaidwilliams2355 3 жыл бұрын

@@damiannicholasfx3201 I'm working on it.. teaching myself.. slowly but surely grasping it and many things are kind of coming natural... At times..

@mermaidwilliams2355 3 жыл бұрын

@@damiannicholasfx3201 how long have you been trading

@destinydanbeki7425 Жыл бұрын

Thanks bro you really got me

@mandyb6061 3 жыл бұрын

Very good video... Going through this phase and wondering why I am losing money. Thanks heaps mate.

@JoshDVlog 3 жыл бұрын

thanks a lot steven!

@therishosepudumo826 3 жыл бұрын

Yah I did that type of a mistake where I close my trade, thinking that am going to lose it... Man your video are great and helpful 🤟🤟👍👍👏

@waltervillanueva943 3 жыл бұрын

yeah men you nailed it im doing this kind of mistake a lot

@ananddsouza7852 3 жыл бұрын

Best video ever watched. I thank you.

@asiandufortunate7591 3 жыл бұрын

thank you so much this all that i needed to master so i expect change in my trading

@adilsontavaresdaveiga8329 3 жыл бұрын

U absolutely right!! I make tht mistakes a lot in demo account by take profit to quick.. but one I started learn how to manager my risk management the results started to showing up!

@zestman3 3 жыл бұрын

Thanks man i really appreciate for your help I do that often times without number

@zestman3 3 жыл бұрын

Yes

@Thenarayanaclips 3 жыл бұрын

Absolutely true bro. This is the mistake we all beginner's do by professional always wait for either the stop loss or the tale profit to be hit and they know it the latter one most of the times.

@cryptooutlaw369 3 жыл бұрын

Thanks bro, I really like the quality of your vids....very helpful!_

@hamzahashmi2010 2 жыл бұрын

I don't have words to appreciate you man 😭

@prudencel.4545 3 жыл бұрын

The thumbnail threw me off for a bit there..... almost didn’t watch the video..... Glad I took a second glance & realized it was you.... thank you for another great video 👏🏾

@Allif.Institute 2 жыл бұрын

thanks for this

@user-og1xg3zs4m 11 ай бұрын

This is the only person in the world that would teach you what trading really is and give you that head start in your career. God bless you Steve

@delilahpepe5148 3 жыл бұрын

You are a blessing to us new beginners. All your videos are great!!!👍👍👍

@Forex_Psychology_Zone 2 жыл бұрын

I LOVE YOU SO MUCH, Stay blessed

@datdang5372 3 жыл бұрын

Thank so much.

@addietribble5409 3 жыл бұрын

Definitely done that a bunch of times. Still learning to be okay no matter what, trust my analysis, and be okay with being red sometimes.

@nawabarzoo4100 3 жыл бұрын

Yesterday I did the same things Thank you for advice 🙏 Love and Respect🙏 ♥🙏♥

@amberanand21 3 жыл бұрын

This video does help!

@mastermind_el8214 3 жыл бұрын

Alot of time me couldah chop the line but real talk me too emotional 😂😁.

@xmanfx1146 3 жыл бұрын

wow this is what i have been doing all this time Thank you bro

@donatiustukondjenihalwoodi3139 3 жыл бұрын

I'm learning everyday your strategies, I'm doing exactly what you're teaching and excusing myself from losing money to profit 📈 now, God bless you sir,

@onepercent162 3 жыл бұрын

So accurateee!

@kaushikmondal2873 3 жыл бұрын

Sir you are really great..I like your video..and I always concern about your each n every word..thank you sir..

@tommyho4376 Жыл бұрын

Thank you! Learnt to have a plan at first and stick to it strictly, 2. Backtest it or forward test it for 6 months in demo account. Then reduce the risk at where you are comfortable of losing. Another great lesson.

@hashirsharif2338 3 жыл бұрын

100%. Right Thanks for the video.😍

@muthu8611 3 жыл бұрын

Really great one👍

@Raydsean 3 жыл бұрын

I did it! Multiple times. Just blew my first $1,100 account but I’m not giving up just trying to learn from my mistakes. GOD BLESS ANYONE READING THIS!

@Raydsean 3 жыл бұрын

@The Trading Channel so I would find him here on KZfaq? Or somewhere else?

@Roartykarma Жыл бұрын

I've definitely found that fear before, though now I deal with that by confirming my previous analysis, making sure it adheres to the rules in the strategy, and then just letting it ride. If I still feel nerves, funnily enough using that time to backtest a few trades can be really useful as it reminds me that most trades go up and down a multitude of times before getting to where it will eventually be.

@siyandamalgas3287 2 жыл бұрын

THANKS FOR THE KNOWLEDGE STEVEN REALLY HELPS ME A STRUGGLING TRADER AND TOTAL BEGINNER AT THE FOREX MARKET WHO TRADES BASED ON HIS GUT FEELINGS WITH NO PLAN AT ALL. I WAS THINKING OF CALLING IT QUITS AT THIS TRADING THING BUT THANK GOD FOR YOU, CAUSE YOU ARE THE INSPIRATION TO STRUGGLERS LIKE US.

@GForceimpact 3 жыл бұрын

Great Video Steven, as always! Quick question: Do you ever tighten your stops (or move them to break-even) during an open trade? Thanks!

@vigneshnaren9229 3 жыл бұрын

your videos are very quality in knowledge

@lwazithamsanqa6899 3 жыл бұрын

Hey thats for real thanks alot

@mrkabulo5625 3 жыл бұрын

This video is very helpful 🙏

@gaiusmahambarusselldgempir6627 2 жыл бұрын

Yeah , i have been doing this and I have blown many account so far but from now on I will never repeat this mistakes thank you Mr Steven

@philbophilbo4945 3 жыл бұрын

You are a good teacher. Thank you.

@nm6287 3 жыл бұрын

Yeah this is the most common mistake,,, i am totally agree ,, i did it 1000 times, this mistake , great video

@ShumailaKhan2 11 ай бұрын

haha..loved the first trade Steven showed...when beginners exit early and next candle changed everything..happens with me all the time...but learning now trading psychology....

@malikzubair6687 Жыл бұрын

Just awsome ....meand that i m not the only one to have this issue..i thought it is bad luck.. anyway thanx to make ma mind clear

@nickyounglord7737 3 жыл бұрын

This video slapping 👋🏾 hard... I always enter too early or too late, then exit too early 😭

@mastermind_el8214 3 жыл бұрын

😂😂 same here but we on the right path. Once we are not willing to accept failure

@dtpbarbr87 3 жыл бұрын

great video

@jeancineas935 3 жыл бұрын

I love this video

@dannyi4829 3 жыл бұрын

Amazing video!! Yes I made those mistakes. Thank you I appreciate this lesson one the best!!

@fantomghost6213 3 жыл бұрын

Great content.

@ronniecalhoun8028 3 жыл бұрын

I keep telling myself not to do it, but my nerves get the best of me every time.

@iimazenn 3 жыл бұрын

literally me

@larrygarcia9048 3 жыл бұрын

Nice video. Cryptocurrency still remains one of the best online investment mostly when it comes to Bitcoin. being the largest asset so far, although bitcoin trading and making good profits from trading bitcoin seems to be a bit difficult for most people out there because they make the wrong approach and strategy when it comes to trading. As a trader, so for i have been successful trading bitcoin because i was smart enough to do some research on making good profits daily and got to find out about a working strategy and signals provided by a pro trader known as Richard Bruce . During my first month i was able to grow my portfolio from ?? 3.9BTC to a total of 8.7BTC with Mr Richard daily signals which you will agree that is a very good profits, so i would say don't rush and sell off, grow the little you hold with a very profitable signals. You all can reach out to him on Instagram @richard_brucefx

@zalproolita1891 3 жыл бұрын

So me... Thank you so much 😊

@jamesfraser9110 3 жыл бұрын

I have trading on a demo for 1 month and have realised all the issues you talked about. Having to work on my psycology is an important factor before I trade live.