The truth about Forex trading

I understand that people get excited about trading Forex, making money, living their dreams, etc... But the reality is that, in my opinion, it takes really hard work to become a successful trader. Are you willing to put in the time and effort? Also, if you'd like to get in touch with me, you can find me here: Instagram: @johnnydeez Twitter: @johnkdevries Web: http://johnkdevries.com/

Comments

1. What books do you recommend?
2. thanks dude im learning about forex and there is almost lil to no help from anything online with forex other then the basic education everyone is just trying to scam no real advice but this helped thnx
3. cAlgo for the win, so easy coding in C#... if you dont know about it... your welcome.
4. These are the words I needed to hear!! Ty
5. Is there any one that can talk about market maker.
6. My EA is my own personal experience. I can't fathom having a computer managing my risk.
7. Good vid and so so true! I've studied Forex trading for over 4 years now with 1000's upon 1000's of screen hours. I have 18 A4 lever arch files full of personal notes, screen-shots and systems! Looking back over them it makes me cringe! I've blown demo accounts; I've DOUBLED demo accounts. Now - after successfully doubling demo's 3 times in a row I'm live and making money. THIS IS NOT EASY! In my opinion 99% of what is shown about Forex/Indices trading simply does not work consistently. Through my years of research I was fortunate to have stumbled across one guy who just 'paints the picture' that happens in every pair, every week. I won't mention who because I'm not selling his stuff or affiliated at all and to be honest, it's bloody hard work and a lot of his students don't get it. However, those who do make a very, very good living. Please dig deep... forget oscillating indicators, they will drain your account. EA's make life easy but a lot of brokers either dismiss them or are wise to them and will not fill an order as they widen spreads. Don't forget and this is a sad fact, brokers can see what you're doing (even in EA stealth mode) and their objective is to get your money - it''s that simple. It's ALL about the money...taking YOUR money. This may sound unbelievable - I've seen this live. Brokers have a MT4 'Backend Management System'. They can see their net buys over sells and can manually move a candle in their favour.
   Again, in my opinion after months, indeed years of studying I have realised that these systems do not work consistently enough to make money; Support/Resistance or Supply and Demand that some call it. Trend lines, ABCD patterns, Moving Average crossovers, divergence indicators, Dots, arrows, Bollinger bands - nothing! And NO - I'm NOT going to say "it's all about price action and blank charts" - ANOTHER WASTE OF TIME! I will tell you one thing - it's all to do with what the banks are legally allowed to do on a daily basis.
   Those in the know who do have experience will say it is all to do with the DI strength and study that chart daily. I used to. Is it useful? To some extent yes but I don't even look at it now. The only thing I watch on a daily basis and do not trade anywhere near are high impact fundamentals. Forex Factory have a calandar online. Don't trade anywhere near the red flags...
   And lastly, this is just what I do - score a trade. Have your trading plan well rehearsed and do not deviate. If you have 4 'items' you look for in a perfect trade then take a score of all 4 met as a whole lot. A score of 2 then trade half a lot. This is the best money management system I've come across......good luck to all :)
8. shit video. sorry
9. spoken true ! 2 years in and finally making steady profit
10. Good video bro 👍
11. Well spoken. Just snapping in and ripping some millions out of the market in a few days. It just will not work. Even getting rich slowly by not facing the markets directly using robots won't be of long-time success. The (FX) markets are no exception to the 10.000 - hour rule. One needs to have the experience of many, many hours in front of the markets' charts, of your tools and of your own psychology to be a profitable trader.
    
    As robots begin to overrun the real-world workplace, trading next to arts and writing would be one way for us introverts to keep flowing above the surface of the storm.
12. that's true...........stick to your monitors ...until u make it happend......thnx.
13. 90/90/90 rule..the truth
14. I start with $1000 account. If I lose it... save up again and try harder next time. Each time executing with a better strategy.
15. Many people are willing to do this foreign exchange business because they see only money there, but they can’t see that those earning not coming by easy way, behind this there is so much hard work and patience. To become a successful forex trader is not a piece of cake. And you can’t profit instantly by joining forex. I spent many times to understand forex trading and now trading with ECNCAPITAL.
16. reallly??
17. very true!
18. ok but u cant do a forex trading without money thats bullshit my freind ur talking NONSENSE
19. thanks bro
20. the truth is that it is only for real professionals..broker trained with yrs of experience..and a large enough account to afford the stop loss position. the rule is 2% of your account size..