A beginners guide to Forex trading

A beginners guide to Forex trading



Everything else I know about trading – http://johnkdevries.com/forex-trading

If I was going to start over trading Forex, this is exactly what I would do. To any of you who follow the channel, the steps outlined in this video basically describe all of the work that I did before I started trading with real money. It took me about 6 months to follow these steps. Depending on how much time you have, I imagine it will take you around the same amount of time. Though, I’m sure you could accelerate the process if you were motivated.

5 Steps For Beginners to Forex Trading:
1. Read the Baby Pips Tutorials – http://www.babypips.com/school
2. Open a demo account.
3. Test everything.
Forex Tester – http://www.forextester.com/
4. Open a small live account.
5. Trade live for 6 months with small trade sizes.

8 Comments

  1. have you ever shown a loss with your robots?

  2. Jackson Wesley

    Trading with genuie brokers is awesome, I never imagined making $30k in less than a week.. Wow am on the move to $50k next week. All thanks to Mr Michael for his trading strategy and guidelines. I have never lost a single trade with him all because of his great strategy.

  3. Theodore Hall

    My only suggetion is Profit Maximizer. The best part about Profit Maximizer is that it is constantly able to win trades with over 70% accuracy. That is a real 70% and not fake 90% like the other bots. Check for real proofs and case studies here>>> https://docs.google.com/document/d/16LV2fvyWe1P89y8MF28hjApwJwniGAd6m-AUDndAcTg/edit Now with 70% winning rate you will still only break even or loss your money depending on the broker, but combine that 70% with Martingale and you have a winning combo. Here is the great success secret with Martingale profitability theory. As you see, while Martingale profitability theory can be profitable even 50/50 level, it’s 100% profitable on the 70/30 level. That’s why it’s the only Profit Maximizer. So no more worries for success in binary options trading. Just check out the Profit Maximizer here>>> https://docs.google.com/document/d/16LV2fvyWe1P89y8MF28hjApwJwniGAd6m-AUDndAcTg/edit <<

  4. Keystone Ski Guy

    Question Sir:

    Could you do a video on the range of performance of some of your typical robot systems, giving the number of trades per month, win / loss percentages, range of pips risked and returned. I am trying to understand how such a trading strategy works for you. Thanks

  5. Great vid! Execptionnaly well timed in my case haha!

    I was wondering something tho, doesn't trading software like metatrader has built-in tester? are they not good enough?

  6. Teodor Kiryakov

    Bro, love your videos, watched a lot of them.
    But what mic are you using? The sound seems a bit low quality

  7. Alessandro Zambon

    forex tester is definitly one of the best tool ever to learn and test your "strategies". you cant cheat with that you know 😉

  8. I would say more 4 5 years at least none profit, but educating your self. 3 to 4 month is for traders who has guru by your side to show you who.

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