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Here's WHY you are LOSING MONEY in Forex: the CYCLE OF DOOM!
Рет қаралды 13,328
3 жыл бұрынMany beginner forex traders make these fatal forex mistakes and get stuck in the cycle of doom! In this video, Andrew (from Forex Signals) talks about the importance of backtesting your forex strategies as part of your technical analysis. This is an essential skill for any forex trader in order to execute a successful forex trading strategy! Andrew is at the forefront of forex education, being a professional trader for over 30 years. You will find no better teacher to learn how to trade forex from. Take this forex backtesting lesson about the cycle of doom to heart so you know which forex trading mistakes to avoid or you will never make money in forex!
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* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
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@Lincoln191 3 жыл бұрын
90% of trading is getting yourself into the right state of mind.
@GeorgiaMoore. 3 жыл бұрын
For real it is!
@ivymadanhennion8108 3 жыл бұрын
Yeah!!!
@Luissierra12373 3 жыл бұрын
My weekly returns is mind blowing
@Lincoln191 3 жыл бұрын
@Amelia Lucas I will recommend Beverly Mack Harley Trading Services for you their strategies is working for me at the moment and making good profit from bitcoin trading
@Fiammanapolitani 3 жыл бұрын
@@Lincoln191 OK this is the third time now, have seen words about this particular Broker!!
@iamdervy8789 3 жыл бұрын
He is absolutely right. I have been stucked in that cycle for a month now and i finally find a strategy i am comfortable with regardless if I am winning or losing. The edits on this video though 😂😂
@ferasnasser7707 3 жыл бұрын
really liked this video. I had before this cycle of doom. but now , I'm out of it finally
@Fiammanapolitani 3 жыл бұрын
*Write on W ....hat s App +1.5..6 ..7...2...4..*8...9..8...6..9 Let him know I directed you*
@alijumc 3 жыл бұрын
Interesting. Covering all aspects of trading on Forex. No adverts, no donate button. You are the only who deserve everything what you wish.
@richkimba5482 3 жыл бұрын
Thank you so much ... You have made me realize that I don't have a solid strategy and I have never done back testing ... I need to take this fundamentals serious ...thank you
@nurajalayande858 3 жыл бұрын
I’ve been in this for some time now, even with my demo trading. And it has been holding me back to start a real trading account. Thanks so much 👍👍👍👍
@JacobSanchezzz 3 жыл бұрын
the video I needed to see and hear.
@naingsoeoo4205 3 жыл бұрын
Thanks a lot sir!
@Faith.A 3 жыл бұрын
This is so helpful. thanks
@Faith.A 3 жыл бұрын
@@ForexSignalsTV i am anxiously awaiting your live trading video during the election period. I have been able to more than triple a $5 account thanks to your videos too. I am new to trading and frankly, i am enjoying both the losses and profits.
@brucelee2777 3 жыл бұрын
Thank you
@Nkosi12 3 жыл бұрын
Best trading content on KZfaq
@lwendo9273 3 жыл бұрын
Love the advice
@heloworld1000 Жыл бұрын
Man I think you saved some people's life who saw this video
@ForexSignalsTV Жыл бұрын
Thanks for the feedback. Please visit our main website to check this and more content about.
@nddn954 3 жыл бұрын
Hi Andrew, I was wondering if you could give me a bit of input on my algos performance. Currently a few are in drawdown. I was wondering what are your thoughts on drawdown. How many or how much losses are fine for a strategy/algo?
@francismwaniki6869 3 жыл бұрын
Hi sir. Am begginer at forex and I don't have alot of equipment or a station. What I have is a smart phone. How can you backtest using a smart phone Sir. Please enlighten me.
@engelbertvischer8730 3 жыл бұрын
You can message him on what's app directly
@engelbertvischer8730 3 жыл бұрын
👇👇
@richardchu1292 3 жыл бұрын
Most investors will always tell you there’s no better time to invest in the financial market than now. I’ve been into trading for quite a while now, and i must say it really comes with losses without the right approach or strategy. I have gotten to the point where I understand that strategy is a key element of a long term successful trading. You can keep making wins at the beginning of a period and later you start recording losses towards the end of the trading period or even halfway. This results from little or no attention to the need for sustenance and consistency with the prevailing market structure. I’ve earned impressive profits this month trading with Dr Helen Licata’s strategies and working with her trading signals and i do that through her registered trading company. You may never find it easy trading on your own. If you are tired of loosing so much money. I’d recommend her. She’s a really good broker. :@+1 (657) 999 0 3 8 4 DR. H E L E N L I C A T A@gmaiL
@mdalaminkhan1807 3 жыл бұрын
Thank you sir Love you form Bangladesh
@alfonsodavidson6549 2 жыл бұрын
I love this video
@ForexSignalsTV 2 жыл бұрын
Glad you loved the video Alfonso, Stay tuned for more and thanks for commenting!
@ridewithryan2023 3 жыл бұрын
so true. thats why until today i still losing money
@ridewithryan2023 3 жыл бұрын
@@ForexSignalsTV loss too much $$$ almost on the verge of giving up on trading
@ridewithryan2023 3 жыл бұрын
@@ashleyschmidt5865 yes. Never taken any trading course. I learn trading through youtube
@ridewithryan2023 3 жыл бұрын
@@ashleyschmidt5865 roughly 25k
@ridewithryan2023 3 жыл бұрын
@@ashleyschmidt5865 thank you. but no. i find it hard to trust people nowadays especially involving money. too much scammer and con men. anyway Thank you
@ridewithryan2023 3 жыл бұрын
@@ashleyschmidt5865 i dont know thats y i dont. plus even if i wanted to trade now i cant, loss my job due to pandemic. better keep that cash on hand for emergency. Thank you
@daveabc12 3 жыл бұрын
Where is the best place to download into excel the data we need for back testing strategies? Thank you.
@kenwiley8453 2 жыл бұрын
If New Risk Factors Apply It Matters, Regardless of How Skilled You Are You Will Fail Because The Purpose of the Stock Market is To Solve Computational Problems of Failure Analysis Via Algorithmic Engineering, And The Strats That Do Work Is A Matter of Durability Testing Over Time Under Different Circumstances In Which Your Plans Would Fail Usually You Need to Think in Terms of Exponents like 10^65 number of problems
@kenwiley8453 2 жыл бұрын
3:55 Oh Really...
@ForexSignalsTV 2 жыл бұрын
Thanks for watching Ken
@brucelee2777 3 жыл бұрын
8:06 😂
@Victor-pj9pn 3 жыл бұрын
Im currently in this cycle of doom and im trying to get out of it as soon as possible. What causes this is the fact that im a trader with no experience
@Nkosi12 3 жыл бұрын
Only use price action stradgey, take 10-15 pips profit per trade, run a trailing stop loss. ALWAYS USE A STOP LOSS! DON'T OVER TRADE. TWO TRADES A DAY ON THE 30 MIN. IN AND OUT!
@littlen8279 3 жыл бұрын
Who else had this lesson over and over but still let their greedy asses get the best of them?
@tebusweekelawrence8178 3 жыл бұрын
true dat, no strategy is 100%
@jamalhaco5885 3 жыл бұрын
Your advice is really helpful however a little bit disappointing but thank you very much
@engelbertvischer8730 3 жыл бұрын
You need help why not contact an expert trader
@kenwiley8453 2 жыл бұрын
Contact an Experts Risk Managers and Pay them Later After Prooving Your Strat Works Then Go Get Funded
@candlemanFX 3 жыл бұрын
Backtesting🤪😎
@Emmanz 3 жыл бұрын
This is killing me. I’m dying Fucksake
@human_hope 3 жыл бұрын
I'd be very happy to make 5% every month
@PederE007 3 жыл бұрын
Trading is a lot of work.
@mubsahar 2 жыл бұрын
hi r you giving some paid courses coz I see adds with your vedio
@ForexSignalsTV 2 жыл бұрын
Contact us via chat in our website for more info about the service we offer: www.forexsignals.com
@LetTheManBeBorn. 3 жыл бұрын
I’m starting with a £1000 account very soon and I am hoping to be able to quit my job and replace it with forex . Any advice ?
@vltavakos 3 жыл бұрын
to change god
@channelrgg346 3 жыл бұрын
Don't quit your job as yet , rather learn and use a demo account first .
@erlendchristiansen3517 3 жыл бұрын
Is this a a serious question?
@ElijahWolfe108 3 жыл бұрын
quitting your job would really be a big move. you've got to consider several factors.. forex however simple it might seem requires working strategies and techniques not excluding the right exposure and experience . youve got to consider all this first or you end up making losses. I could make suggestions nevertheless
@richardchu1292 3 жыл бұрын
Most investors will always tell you there’s no better time to invest in the financial market than now. I’ve been into trading for quite a while now, and i must say it really comes with losses without the right approach or strategy. I have gotten to the point where I understand that strategy is a key element of a long term successful trading. You can keep making wins at the beginning of a period and later you start recording losses towards the end of the trading period or even halfway. This results from little or no attention to the need for sustenance and consistency with the prevailing market structure. I’ve earned impressive profits this month trading with Dr Helen Licata’s strategies and working with her trading signals and i do that through her registered trading company. You may never find it easy trading on your own. If you are tired of loosing so much money. I’d recommend her. She’s a really good broker. :@+1 (657) 999 0 3 8 4 DR. H E L E N L I C A T A@gmaiL
@emerahgeorge5716 3 жыл бұрын
Hello
@hunor6 3 жыл бұрын
❤️❤️❤️👌
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