Forex Videos

Hello all...I've stayed out of Forex Factory and have respected their 'no commerical advertising' policy, but with this new thread, I'd like to ask a couple of things.

I come with my own view of trading that has been influenced by many, on Forex Factory, and in countless books, and my own trading experience -- and along those lines, I have formed views of risk management and trading psychology. I've scoured these forums so many times, and so often there are systems for MAs that cross over another MA or looking for divergence, when really I feel we, as traders, end up spending our lives in front of the computer screen. I like to trade where the computer is on and I'm nowhere close to it - maybe I have my mobile smartphone to check every once in a while, but I'm out living life -- because life is short, and we need to spend it with our friends and family. I know many of your love the one hour time frames or shorter, but my website is meant in a way to help people learn a style of trading that lets you walk away from the computer.

I trade based on zones of consolidation, and prices exiting those zones, or bouncing between these zones. Nothing new, and things anyone can read in all kinds of trading books or even here at Forex Factory. Price action can act as confirmation with these zones, but doesn't always have to. (The reason I feel it doesn't always have to is that as an educated trader, even 5 losses in a row should not hurt your 'relative' account size. For example, if I was trading a $100,000 account, personally I would feel comfortable trading $500 on a single trade (and perhaps have two trades open at most). So even with 5 losses in a row I'll lose $2,500 to $5,000, and I definitely would need to stand back and make sure I'm doing everything okay, but my account balance would be down to between $95,000 and $97,500 from $100,000. It's a lot of money, but you still have your 'army' so to speak behind you -- all those dollar bills willing to stand up and fight the constant price fluctuations of currency trading. I'll be talking more about this 'army' of dollar bills in future posts and videos. Of course that's easier said than done, but you've got to be mental tough.

Anyways, I don't want to have this post too long, but wondering if there's any interest actually watching tutorial based forex videos -- ones that are mostly free but high quality. And if there are those that would like to help make educational videos about the forex market. Not on how to trade, but on the general overview of the forex market. Do you remember when you first learned about forex? Was it really confusing, or a breeze to get yourself informed and educated?

I believe in keeping things simple, and part of that is by doing videos. I have quite a few, but there's so much on forex in general that I can't quite possibly cover everything. My website is somewhat of an experiment right now.....and will see how it goes. -- Thanks, Tim

I am definately interested.

Videos for beginners are well known and there are a lot even on youtube...

further, those videos could shorten a thread (look at discussions from several thousand pages here on ff... and whe nyou ask the answer is: read it! sorry, but as you said: live is short!)

good idea, keep going

I know what you mean about asking an answer and being told to search for it and then you spend hours reading through a page that is literally hundreds, if not sometimes thousands of pages long. While there's a purpose to reading through threads, and often a person can refine their search results to get what they want, but it can lead to a lot irrelevant and meaningless posts too.

Everyone does videos differently, and the ones I've come across are sometimes good, others are not. And there are plenty that say, for 'part two' please register or pay -- something to that effect.

Thanks for the feedback.

There's been a lot of talk by the sticky thread started by Twee about this commercial section. Honest and upfront in the beginning, I'm starting this thread as a way to promote my advertising based website that uses free video instruction to help people learn the forex market. Once my site is live, I'm very open to feedback as to the quality of my videos. You can tell me they suck and I should find something new to do, or perhaps they contribute at least something little to the Forex community. I don't know. You'll have to decide. The goal is for the site to be almost entirely supported by advertising. If the videos are good, people will come back. If they're not, well.....I gave it a shot for what I believed in. And if I do decide to have a paid section, it won't be anything new at all. Everything will be available for free. The only thing the paid section would be is additional educational support and perhaps daily video updates on my views of the market, etc -- but I won't be teaching anything that you couldn't get from the free section. I don't want to hide anything -- users can determine if my site is worthwhile to them or not.

I feel James16 (maybe a couple others that the community is talking about like Jacko and Phillip Nel) should be sticky's on the home page. Newbies need a place to go -- and this Forex Factory will lose their reputation if these friendly threads are not readily made available to newbies

....well I'm going to check the homepage right now....I just noticed a scalping thread and another system. I have no idea if they're valid or not, but what is it missing?....James16 is missing from the front page.

Folks, it's not a double standard to have James16 on the front page -- he helped build Forex Factory. Put him back please. I don't mind staying in the commerical section or whatever section....maybe others will vouch for me. Or maybe they won't...and my thread will die eventually. Hopefully not. Look forward to my site soon, which the aim is to explain the Forex market in a clear and concise way using videos.

I mentioned earlier I would talk about green dollar bills being an army of sorts. I can virtually argue any method would work in Forex as long as the dollar risk amount was very small. In the EUR/USD, for example, you could have taken a long at the 1.6000 level and still be in if you had made your pip value so small that 4000 pips equaled 1 % of your account. Yeah, who wants to do that. For good reason to -- we don't have all the time in the world.

The concept of compounding also works extremely well, but given time, and given that we are only here on earth for so long, one isn't able to place a buy order at let's say 1.3450, (risking 1 % to gain 2 % over a 1500 pip stop loss), you'd have to live a very long time for compounding to kick in. So you either lose your trade at 1.1950 or make a 2 % gain at 1.6450. Yeah, your trade might eventually get up there, but how long would it take? Then once it got there, you'd realize the gains, and go ahead and increase your dollar risk (the 1% stays the same) a little more. We'd be waiting forever!

Talk about a 'no stresser' way to trade -- but also an impractical way too. It's like letting 1 % of your army of green bills fight for you over a period of months or years. Yeah, your army of dollar bills would last a very long time, but we've got to be able to make money too.

So as traders I feel we need to find that balance where you can realize small gains over a few days, while not getting trapped into the 1 hour time frame either.

Compounding is wonderful -- too few emphasize it and instead spend more time on their systems. While there are plenty of compounding excel sheets out there, I'll be making a couple of my own to show how compounding relates to time -- and you do have to strike that right balance between being risk adverse but also being able to realize small profits in fairly small amounts of time (days, not waiting years for a currency to get to where you want it -- oh, if only we could live so long).

P.S. If anyone is interested in making Forex videos about basic concepts (like moving averages, oscillators, S/R etc) PM me. Most of my site is free and advertising supported. I should have the link up within a day or two, and I'm hoping that the Forex trading community here will be able to add to the 'free' video collection.

Would you rather gain 500 pips during a strong move at once, or would rather make 50 pips at a time, win and lose some, to equal your 500? Or does it matter?

I will be posting videos here about my own views of the market. Please DO NOT trade on anything that I say or explain in the video. All of the videos are for your own educational purpose....NOT trading advice.

Thanks!

August 2nd Cable opening -- Link will take you directly to video

http://www.forexpipvideos.com/cable-...os.html#post45

VIDEO UPDATE: Followup to earlier analysis on GBP/USD

Link will take you directly to video

http://www.forexpipvideos.com/cable-...os.html#post46

Thanks

FREE VIDEO UPDATE on my view of GBP/USD

http://www.forexpipvideos.com/cable-...os.html#post47

Free video update on cable August 3rd

http://www.forexpipvideos.com/cable-...os.html#post48

Video update on current entry from last night (link to video is below) -- We'd be up about 115 pips or so from our buy stop entry of 1.6820 according to my analysis from yesterday. With a hundred pip stoploss (if that seems too big, make sure you are sizing your lot position correctly, and use a micro account if necessary). I never trade more than a half-percent risk, and I will have videos up soon explaining this. Notice in the videos that I say someone with a $5,000 account would only risk $25 for half a percent. That means on a 100 pip stop loss, each pip should only be worth 25 cents. Can you do this on a regular mini account that only lets you trade minimum 10,000 lot size? Nope, you've got to have a broker that lets you decide how much each pip is worth by trading fractions of lot sizes.

Woopeee, you might say. Big deal, that's not enough to even live on. You'd be up $28 dollars or so based on a $5,000 account size risking one half percent.

Of course on a $100,000 account size we'd be up about $560, which sounds a lot more reasonable. But what if you only have a small account? What do you do then?

So based on a $5,000 account trading a fractional lot size, we'd be up to $28 dollars approximately, and if we stay in this trade to get a 2:1 risk/reward ratio, we might make $50 total. That's still barely pays for gas.

The key is compounding, and by risking just one half percent to gain a percent or percent and a half, other times breaking even on your trades, and other trades that you lose, you can make hundreds of thousands of dollars over the course of a few years. Yes, it's NOT get quick rich or anything like that. It takes a lot of work and takes time. Time. And proper risk management with healthy and highly disciplined approach to the market.

There will be videos soon on the site related to compounding, as that's how to create large earnings over a period of time. I believe too few emphasize this point, and this thread, and the website will attempt to show you how compounding works, both in theory, and in actual practice.

VIDEO LINK: This link will take you directly to the video.

http://www.forexpipvideos.com/cable-...os.html#post49

Thanks!

Cable is deciding again where it wants to go, and on the daily chart the hundred pip range for the last little while is fairly small. From my videos, with a hundred pip unrealized profit, I would just make sure to protect this trade with a breakeven stop now, or close the position with about a 1 to 1 risk/reward ratio, which is okay, or continue for the 2:1 -- my only concern is the 1.7000 ceiling, but I still think it has a good chance to break above it.

Hey 4xVid,

As most are visual learners this is a great idea. Best of luck to you and I will be watching your site closely. A video is worth a thousand posts!

Wishing the best,

mc

Why Daily Chart is So Powerful in Forex Trading? Check out my video on YouTube