The SECRETS to Profitable Forex Trading

Name: The SECRETS to Profitable Forex Trading
Rating: 3.7 (141 reviews)

Strategy + Risk Management + Psychology

Created byOlatunji Tolulope

Last updated 1/2022

English

What you'll learn

how to use the trading application to open, close & modify
how to analyse the market using fundamentals & technicals
proper risk management to reduce losses & maximize profit
understanding the trading psychology

Course content

1 section • 39 lectures • 1h 37m total length

Introduction1:24
Disclaimer0:55
About ME1:44
Agenda for the Course0:33
3 Secrets to Profitable Trading1:36
Three secrets to profitable forex trading: start with small money, keep it simple to understand, and trade in the 24-hour market without gambling.
Introduction to the Business4:39
4 Key elements of Trading2:12
Introduction to Strategy+Risk+Psychology0:21
Strategy - Enter & Exit Trades0:42
Strategy - Metatrader4 Introduction2:00
Navigate the MetaTrader 4 trading interface, open and modify trades with market execution or pending orders, and set stop loss and take profit using pips.
Metatrader4 - Open by Market Execution2:35
Metatrader4 - Modify Trades (SL &TP)3:40
Learn how to modify MT4 trades by setting a stop loss of 30 pips and a take profit of 70 pips, then input these values via the modify dialog.
Metatrader4 - Close Trades0:54
Learn to close trades in Metatrader4 using manual close via right-click and automatic close with stop loss and take profit, highlighting a 30-pip loss and 70-pip profit.
Metatrader4 - Open by Pending Orders5:23
Introduction to Market Analysis0:33
Explore market analysis that blends fundamental and technical methods to form a robust forex trading strategy and reduce gambling. Learn why combining these approaches strengthens analysis and decision making.
Market Analysis - Fundamentals1:49
Fundamentals - Examples of Breaking News5:04
Explore how breaking news drives forex moves by illustrating scenarios like yen and rand trades, oil crashes, and Netflix effects during lockdown, highlighting buying and selling strategies for risk-aware traders.
Fundamentals - Examples of Scheduled News4:12
Learn to interpret scheduled news for forex trading using color-coded impact signals from Forex Factory, focusing on actual vs forecast releases to decide buys, sells, or neutrality.
Fundamentals - Currency Pairing5:21
Market Analysis - Technicals0:32
Technicals - Price Action4:50
Technicals - Support & Resistance2:13
Example combining Fundamentals & Technicals12:32
Introduction to Risk Management0:28
Risk Management - Minimize Losses5:30
Calculate trade volume using risk per trade divided by stop-loss, multiplied by one over ten. With a $1,000 account risking 1% and a 20-pip stop, 0.05 lot equals $10.
Risk Management - Maximize Profit2:02
Risk Management - Leverage1:44
Risk Management - Equity0:21
Define equity as your account balance plus the profits and losses from open positions. See how open positions in profit or loss determine current equity for forex risk management.
Risk Management - Margin1:24
Introduction to Trading Psychology1:26
Psychology - Trading Plan1:26
Psychology - Trading Journal2:20
Maintain a three-month excel trading journal recording all trades, separating winners and losers. Review the data to identify your best instrument and its optimal day-of-week and time-of-day trading.
Psychology - Trading Management0:44
Trading Management - Trailing Stop2:14
Trading Management - Partial Close4:31
Psychology - Trading Goal0:51
Problems Traders are facing2:13
Identify problems traders face, such as improper stop loss use, greed, revenge trading, overtrading, and risk management, and learn how discipline, patience, psychology, and a plan improve forex trading.
Road to Success3:29
Learn how education, training, practice, and a mentor accelerate profitable forex trading with live market analysis, daily updates, risk management, a playbook, and ready trading plans.
Thank you for watching1:17
Reach out for mentorship or questions to accelerate your forex journey with the right guidance, and learn to trade across crypto and equities at an elevator pace.

Requirements

willingness to learn

Description

This course covers Everything you NEED to know from the Strategy + Risk Management + Psychology.

This is an overview of the Business and if you require Mentorship with Daily Trade Setups, Ready Made Strategy, Risk Management Calculator etc to speed up your learning curve then contact for further discussions.

You need a Trading Strategy to place trades else you are GAMBLING.

Price action and Support & Resistance will help you to trade the proper way.

FOREX Trading uses one form of Support and Resistance e.g. Bollinger Bands, Moving Averages (Simple or Exponential), Fractals, Relative Strength Index etc

With a proven track record of low Risk to high REWARD ratio, this strategy will help in getting to financial freedom status as long as the trader perseveres as there's no strategy that is 100%.

Minimizing of Risk and maximizing of Reward is a crucial part of trading as everyone will have losses and the smaller the loss, the better.

Having the right mindset, mentality, attitude to the business is also crucial to success. At the end of the day, if you can’t control your emotions, your trading would be control by your emotions. You would need to work with a trading plan, journal, management and goal to keep your psychology in check.

Trading is a combination of everything Strategy, Risk and Psychology and you’ll be doing a big injustice if you focus on just one out of the 3 mentioned above.

Who this course is for:

beginner, intermediate & advanced traders looking to improve in trading