This Strategy Will Save You 5 Years of Forex Trading

Рет қаралды 94,109

Жыл бұрын

If i'd have had this video 5 years ago...
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DISCLAIMER: I am not a financial adviser. Any information presented on this channel should not be considered professional financial investment advice. The videos on my channel are for educational and entertainment purposes only. I'm documenting my trading journey so that you have the potential to take ideas and inspiration from the videos that may help you within your own journey. But remember, trading/investing of any kind involves risk. Your trading/investments are solely your responsibility. Please also be aware of impersonation accounts claiming to be Michael Bamber.
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Пікірлер: 181

@MichaelBamber Жыл бұрын

Key video that I wish I’d have seen when I first started!

@slimbou_ Жыл бұрын

Thanks Mike for all the value you've been giving us 🙏🏾👑

@MichaelBamber Жыл бұрын

@@slimbou_ You’re very welcome 🙏🏼💙

@justAna333 Жыл бұрын

@@MichaelBamber sorry, do u have your own community that can b joined, thanks

@justAna333 Жыл бұрын

@@MichaelBamber And please can u make more similar videos like this, as this one I will repeat few times for sure, so gooood, thank you.

@MichaelBamber Жыл бұрын

@@justAna333 okay mate! Another one coming soon 🔜

@simaoluis5598 Жыл бұрын

I solved overtrading problems by trading only one pair and one trade daily.

@Rootbeersupreme Жыл бұрын

Bin in it for 4 months now. It’s just crazy how you see all these videos and still catch yourself doing these dumb mistakes. It’s like you forget everything when in a loosing streak. I really felt that sentence "It’s hard but it’s actually easy" with hard being the mental aspect and easy being the strategies. Good video man 🙏🏾

@MichaelBamber Жыл бұрын

Exactly brother! Thanks mate ❤

@benniemann5519 Жыл бұрын

hiw are the strategies easy... my problem isnt my mental, my problem is not finding an edge after backtesting hundreds of price action strategies

@philndoro3910 Жыл бұрын

@@benniemann5519 Jack of all trades Master of None.

@LeviTorrance Жыл бұрын

What you need is a daily tutorial and mentorship with a high margin profit trader I’m planning to start my tutorial soon i have been in the game for 3years and my success story is more than the L

@remora8829 Жыл бұрын

The most important rule for me i call OTAD (One Trade A Day). one shot and no matter the outcome (win, loss, break even, miss) walk away, come back tommorow. You know you only have one shot for the day...and you try to make the most of it..which means seeking quality trade. it also limits you max daily loss. it teaches patience. you not gonna get rich in one day taking dozen trades. it gives you the time-gap needed to recover from the emotional tilt and re-center yourself...be emotionally sober for the next trade. it also gives the time-gap needed to learn form you trade and extract lessons you take into your next trade. so much simpler review on journaling... countless more benefis...try it out guys. it solves 99% of the problem. Profit is the space between the trades.

@MichaelBamber Жыл бұрын

I like that mate! 🙏🏼🫡

@dagvgxdfgtcgbdrthftgbd9062 Жыл бұрын

Thank you . I’m doing the same thing and it really works . With consistent methodology

@Knight-gs4fn Жыл бұрын

Saved the video to a playlist, took the notes of it, trying to imbibe it in my system. Thanks a lot man. ❤

@MichaelBamber Жыл бұрын

Boom! Love it 💪🏼🙏🏼 welcome to the 1% of people that actually apply 🫳🏼🎤

@rodjames5771 Жыл бұрын

Thank you Michael. Your experience and insight is invaluable! I have my own 4 consecutive loss rule - and that single one alone made a massive difference! Hope all is well - congratulations on all the continued success 😀

@MichaelBamber Жыл бұрын

Thank you brother ❤ Hope you’re well man!

@ShackMT Жыл бұрын

This is exactly what I needed thank you. I passed my first 100k challenge first try. I’m funded but things changed for me. Idk what happened but this definitely helps a lot thank you

@MichaelBamber Жыл бұрын

Boom! I’m glad! Like I said in the video these rules are crucial for longevity. Get them in place 🙏🏼

@paintfi3956 Жыл бұрын

What a great video! Thanks

@lakesidestorageparkptyltd814 Жыл бұрын

FANTASTIC... Great value vid here Michael. Very important messages on Risk. Cheers, James.

@MichaelBamber Жыл бұрын

Thank you 🙏🏼💪🏼💙

@domosilv1365 Жыл бұрын

You think like me when it comes to trading. Calculated , its not just about getting the trade or setup its about how manage the losses and the wins. Especially the wins !

@rovicabejuro6329 Жыл бұрын

Thank you for the tips! It really helps me a lot to understand more about forex trading as I am still on the learning phase

@hkproject7219 Жыл бұрын

I am as well. Are you trying to look for a trading company that might help you to start trading? Cause I am looking too, so far, nothing really catch my attention

@CatrinHart Жыл бұрын

@@hkproject7219 Happy to hear this from you. People tend to underestimate the importance of having a financial aid in a business that involves your own money as the source of investments

@ssb3955 Жыл бұрын

Valuable video broski, you have a very respectable manner of speaking and presenting yourself

@MichaelBamber Жыл бұрын

Thank you man 💙

@fxjournalid Жыл бұрын

Currently on drawdown period and just about to lower my risk but still not so sure whether I should really do it or not, but after watching this video I got so much clarity!💎 Thanks michael 🙏✨

@MichaelBamber Жыл бұрын

You’re welcome brother ❤

@sandwichsushi5956 Жыл бұрын

Appreciated for this valuable content, blessed!

@MichaelBamber Жыл бұрын

You’re welcome 🙏🏼💙

@waynetrading-fx Жыл бұрын

Wonderful video mate on some really important points for longevity as a trader.

@MichaelBamber Жыл бұрын

Thanks brother 🙏🏼🙏🏼

@mashhud10 Жыл бұрын

This is a very concise video bro helpful and insightful 🙌🏽🙌🏽🙌🏽

@MichaelBamber Жыл бұрын

Thank you brotha 🙏🏼💙👌🏼

@elliotcrisp2571 Жыл бұрын

Solid advice brother - wish I knew this when I started!! Serious gems 💎

@MichaelBamber Жыл бұрын

Thank you brother 🙏🏼💙 hopefully speeds up the journey for people who apply!

@shartho8342 Жыл бұрын

Thank you sir

@60seconds529 9 ай бұрын

Thank you, wonderful trading for you too

@legendamv1591 11 ай бұрын

how many hours from the London and New York open

@Fernando-zc1ci Жыл бұрын

💪🏼Amazing brother great content 💯

@MichaelBamber Жыл бұрын

Thank you Fernando 🙏🏼💙

@macrodoctor_ Жыл бұрын

Really insightful. Thank you

@MichaelBamber Жыл бұрын

Welcome

@kaiotto8385 Жыл бұрын

Appreciate the information 💪

@MichaelBamber Жыл бұрын

You’re welcome ❤

@gpgis Жыл бұрын

Thanks for uploading. Subscribed.

@MichaelBamber Жыл бұрын

Boom! Welcome to the fam! Appreciate it mate 🙏🏼🙏🏼

@keithclark2400 Жыл бұрын

Great video! And I see the “Represent” T-shirt. #TransformationNation

@MichaelBamber Жыл бұрын

Thanks brother and yeah 🙏🏼

@dwanelee1980 Жыл бұрын

This is exactly what I needed to hear, I passed both phase's of my 100k challenge with one trade each, so got my funded account but got a hard breach without getting a payout, So I bought a new challenge the same day but have been on tilt since, still thinking about the silly mistakes I made with the funded account I blew. So I’ve decided to leave the current challenge for a few days to sort my head out. Great vid

@MediaEdits2701 Жыл бұрын

how much did you earn for yourself from the challenge do you keep any $??

@michaeldagadu Жыл бұрын

Thanks Michael

@homejoe8842 Жыл бұрын

Thanks a lot Just gave you a sub

@francosfusion Жыл бұрын

I’ve been trading and have good profits but my equity didn’t increase with profits. Would you know why that is?

@aziiris5448 11 ай бұрын

I am also trade on just 2 correlated pairs EURUSD GBPUSD but I found the rule when can I see the which one of them will go to my TP faster it means if they go against me: for example I trade EURUSD it better now then GBPUSD but if price goes against me the GBP will go to SL faster I close my position on EURUSD before it hits SL

@manti97 Жыл бұрын

wow, you are so underrated. KZfaq recommended me this video and it is exactly what i am currently missing. Risk management and discipline. I got all the trading knowledge i need to be profitable and i know that my model is working. But when losing i REALLY want to make back my losses and keep entering and stacking because i dont want another red day. I will absolutely try out your rules, because i think they will lift up my trading to the next level. thank you!

@MichaelBamber Жыл бұрын

Thank you I’m glad KZfaq recommended this to you! Much love 💙🙏🏼

@benniemann5519 Жыл бұрын

So your model is truly working? whats your winrate and average R:R in the long run? Since i backtested many ict and price action strategies and none was decently profitable. Would be very interesting to know!

@XXGYHCXx Жыл бұрын

Michael you are amazing, you have been such an inspiration and help during my journey, wish you sooo much success and the information in this video is priceless

@MichaelBamber Жыл бұрын

Thank you so much man same right back at you ❤

@xrzoro1084 Жыл бұрын

Thank You Bro 👌

@maximosh Жыл бұрын

Max 2 losses in a day is a great trading rule. Sometimes though you can get a full stoploss and a smaller loss, or even 2 smaller losses if you trail positions based on volatility. So i adopted a similar rule. If losses total 2x 1% 'or your initial risk' then stop for the day, otherwise another trade is allowed today, if it's less than your daily risk%. The daily management prevents the market taking too much from you. That is within your control. 🤗

@Decouto1 Жыл бұрын

Great risk system

@SailingTheSeasPirateRob Жыл бұрын

hi what tool do you use to calculate position sizing i normally use myfxbook but wonder if you use any others particularly because i want to trade oil usdoil & ukbrent but myfxbook don't offer that calc. thanks

@MichaelBamber Жыл бұрын

Trade Assistant 9.0 EA available from MQL5

@tomaszmosak Жыл бұрын

Literally a blueprint to success! Wish I had these gems when I started out 👀😩

@MichaelBamber Жыл бұрын

Thanks brother and I know me too, would’ve sped things up for sure!

@nikola4539 Жыл бұрын

Do you manually calculate lots to risk 1% before a trade or you got some some app/software that does that?

@MichaelBamber Жыл бұрын

I use Trade Assistant 9.0 it’s an EA from MQL5

@Saad_ict Жыл бұрын

Pure gold knowledge definitely will watch this again thanks for the knowledge been following you for a while now love your energy mate!

@MichaelBamber Жыл бұрын

Perfect and thank you very much mate appreciate it ❤

@sirbussongo4490 Жыл бұрын

Thank you mr

@MichaelBamber Жыл бұрын

You’re welcome!

@bamm3967 Жыл бұрын

Wow them some good fucking tips brother. Please your mental is everything!!! Sometimes it's good just to take a few days off. Enjoy life and go back later to see where things gone wrong. Sometimes you just to late or to soon to the trade. Never traded forex before but been trading stocks for years now. And man the red days can get to you but them green days baby. That's gonna pay the bills if you do not let it break you down. Good video man!

@MichaelBamber Жыл бұрын

Thank you brother 🙏🏼💙

@AzontoVibez Жыл бұрын

Hello Michael, where did you buy the "Focus" neon light from?

@MichaelBamber Жыл бұрын

Hey mate, it’s from ‘Custom Neon’

@2wenny2 Жыл бұрын

cheers man👍

@MichaelBamber Жыл бұрын

❤

@eggspanda2475 Жыл бұрын

most pros would also tell you to add to winning trades 👍

@benjaminlombaert1998 Жыл бұрын

Subscibed just with this first vid i watched. Nice psychology, respect

@MichaelBamber Жыл бұрын

Thank you brother ❤️

@callumcollins8767 Жыл бұрын

disagree with having different risk on graded set ups. if you have an entry that is 60-80% SR 3R TP for example this would make sense to risk 1% but then maybe you have a 25- 40% 8R-10R TP. this would make sense to risk less

@MichaelBamber Жыл бұрын

Fair point mate! You do you. Obviously just stating how I run things but yeah that’s a fair point and if it works for you continue it ❤

@jennierlingam9804 Жыл бұрын

Thanks

@an742_ Жыл бұрын

For your daily max loss and the 2 attempts for a trade idea, would losing both attempts on a single trade idea mean you're done for the day?

@MichaelBamber Жыл бұрын

Yeah exactly that!! ❤

@hassandj133 Жыл бұрын

Never get 3 loses in Row but I just find here what I was missing. Which’s.. not having fix RR… thanks mate as usual..

@MichaelBamber Жыл бұрын

Sweet no worries mate! ❤

@ThibsTrd Жыл бұрын

pure gem ! 💎

@MichaelBamber Жыл бұрын

Thank you glad you liked it!

@rileygshep7606 Жыл бұрын

ICT does have a risk system where you cut your risk in half if you take a loss and only increase it after you recovered half of your drawdown

@MichaelBamber Жыл бұрын

Sweet good to know!

@rileygshep7606 Жыл бұрын

@@MichaelBamber it’s in the market maker primer course on his KZfaq

@Hakims2003 Жыл бұрын

Hello there am just starting to learn and practice about forex what's your thoughts on market maker primer course if you have any other thoughts or suggestions I'll be soo thankful if you'd let me know ❤️

@tufailkhanvlogs8056 Жыл бұрын

Can someone elaborate it simple words in points It will be very nice of you ?

@monenoz7909 Жыл бұрын

2 or 3 attemps on 1 trade idea happens when i try to catch a sniper entry. Would be ease of mind if i can just put SL on the invalidation point, meaning not a big rr trade. Most of the profitable traders i know, who manage big account do that. They dont trade for big rr to show off, but to be profitable. Thanks!

@MichaelBamber Жыл бұрын

Exactly, and that is the key. Like you say most of the profitable traders have a common ground there.

@LeviTorrance Жыл бұрын

Been a financial trader (crypto and forex trading) for over 3 years and it has been a successful journey planning on starting my tutorial classes soon

@lightkirsche Жыл бұрын

Max loss and Tilt the most critical pitfalls of day trading ... right on.

@MichaelBamber Жыл бұрын

Exactly mate! Well spotted! 😊

@ddbb6721 Жыл бұрын

How do I contact you

@IfexcoPlus Жыл бұрын

Thank You

@MichaelBamber Жыл бұрын

You’re welcome!

@TomoJSnapey Жыл бұрын

Gold 🔥🔥🔥

@MichaelBamber Жыл бұрын

Thank you brother! 💙

@roche8523 Жыл бұрын

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Katherine Flores.

@memphisginger2751 Жыл бұрын

Mrs Flores changed my life because of the high profits I got from investing with her.

@pharrellosullivan8688 Жыл бұрын

You invest with Mrs Flores too? Wow that woman has been a blessing to me and my family.

@travisabm Жыл бұрын

I'm new at this, please how can I reach her?

@marthajames987 Жыл бұрын

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

@roche8523 Жыл бұрын

FLORES11💯

@Petefx25 Жыл бұрын

Great video

@MichaelBamber Жыл бұрын

Thank you Peter 🙏🏼🙏🏼

@robeatson8512 Жыл бұрын

Daje suba

@viosca238 Жыл бұрын

I do 0.3-0.4% risk on Challenge Phase. And 0.2-0.25% for Funded . My range RR is 6-10 . Anyway , do more psychologycal video like this . Me like it . Cheers

@MichaelBamber Жыл бұрын

Love it mate and I will do ❤

@forexexpertadvisors Жыл бұрын

I like your strategy

@MichaelBamber Жыл бұрын

Thanks

@fallonkupfuwa7843 Жыл бұрын

WE ARE NOT FRIENDS DUDE, YOU IS MY FAMILY

@MichaelBamber Жыл бұрын

🙏🏼🙏🏼💙

@baravanduski9519 Жыл бұрын

I think yesterday someone talked to me with same name as yours on Twitter idk if it's you or not

@MichaelBamber Жыл бұрын

Not me! My twitter is: MichaelBamber_

@J.McClure Жыл бұрын

Great content and I thank you for breaking it down!! Even in the current crypto dip, I’m happy I can smile back at my portfolio of $86,700 made from my weekly trade within a short period.

@georgesimmons4112 Жыл бұрын

Inspiring! Do you think you can give me some advice on how to invest in a healthy way as you are doing?

@J.McClure Жыл бұрын

@@georgesimmons4112 I will recommend my current trader Mrs Bernice Pittman, she is from USA and her strategies are earning a lot profit for me👍

@Sebastian_wright Жыл бұрын

I would really like to work with your trader, please how can I get in touch with her?

@J.McClure Жыл бұрын

You can communicate with her on telegm with the user name below

@J.McClure Жыл бұрын

InvestwithBernice❤

@chris__bamber Жыл бұрын

Max leverage club 🚀

@MichaelBamber Жыл бұрын

Yesss 😮‍💨🔥💯

@HossanaChikwado Жыл бұрын

You should stay a community already.

@efuyadandison4914 Жыл бұрын

No emails for people to reach you with

@rasegofortunekopano4877 Жыл бұрын

3 Years later you still have the same setup

@user-jf1nq3gv6q Жыл бұрын

if you were close to me now i will give you a huge Brah because I have been blowing a lot of accounts, reason because i don't have proper rules in place. thank you so much for this ❤

@MichaelBamber Жыл бұрын

Ah man thank you I really appreciate that ❤

@MrSimonw58 Жыл бұрын

Just don't put your SL so close

@MichaelBamber Жыл бұрын

Exactly!

@theinfamousfrog4663 Жыл бұрын

I got the same rules lmao Down 2R or more on the day stop trading If making trades on related assets, one must already in a positions were Stop is BE (Long EU, Short UJ) 4% Drawdown, Half Risk If placing a trade within 1 hour on the same ticker, stand up and take two diaphragmatic breaths, Max 2 tries per idea

@MichaelBamber Жыл бұрын

Hahaha absolutely love it. Great rules mate 🙏🏼😮‍💨👌🏼

@T3LiveDayTrading Жыл бұрын

how long have you been trading for?

@MichaelBamber Жыл бұрын

6/7 years

@T3LiveDayTrading Жыл бұрын

@@MichaelBamber and you still only use the 1% per trade rule? most professional traders have trades A, B, and C (for example). They each have a different probability of working, but all still very profitable. You are saying that you take out B and C and only trade your A setups? Thats like playing poker and only playing when you get pocket AAs

@MichaelBamber Жыл бұрын

@@T3LiveDayTrading Yep. Every trader going to have different ways of doing things. Isn’t a right and wrong. It’s all about what works for the person

@fuethao8154 Жыл бұрын

title should say will set you back 5 years LOL

@hlomphodwaynemachaka2067 Жыл бұрын

👍

@MichaelBamber Жыл бұрын

🙏🏼

@MrSimonw58 Жыл бұрын

I love you 😍

@jenniferdonald7148 Жыл бұрын

Crypto investing has brought me great success,Irrespective of the economic depression . Thank you for your focus on quality stocks.

@roseterry7734 Жыл бұрын

@Love Joy Consistently investing with proper guidance in quality dividend paying companies is a relatively easy strategy to create wealth. Well I copy trades from daily signals of Mrs Eleonora Gilbert as recommended here previously.

@hillaryhuston8654 Жыл бұрын

Amazing, I found Mrs Eleonora one 2 months ago here also.This is so validating hearing you also got her recommendations, Yes cheers to be part of her coaching program

@brittanyjohnson2228 Жыл бұрын

I got Eleonora’s recommendations in December 2021 and started following her lead and made $23,450 in a week. Lost my job in January 2022 and right now I'm back on top again and ready to go With her guidance.

@rebeccaliu9094 Жыл бұрын

Like wise me, I have accumulated over $270k on forex market. Though I was down from learning ignorantly before I started following Eleonora lead and im back green

@rebeccaliu9094 Жыл бұрын

eleonoragilbert.