Why Trading Forex is so Difficult - Randomness in the Markets: Clusters of Bad and Good Luck

● We interview traders & educators regularly. Subscribe if you want to learn while being entertained.
✔ Please like the video and comment if you enjoyed - it helps a lot!
Why Trading Forex is so Difficult: Randomness in the Markets: Clusters of Bad and Good Luck. David Paul, Financial Trader comments. If you found value in watching this video, PLEASE LIKE AND SHARE so we can do more! It is always my understanding that it is difficult to make money long term when trading currencies and indices - how do you manage? Most trend following systems have less than a 50% correct hit rate. This means that you get a series of losing trades from time-to-time - how good would you be with executing your system with precision when you get 5 losing trades in a row.

[ukspreadbetting]

👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰

[therougetraderfx]

He’s only 24; that’s what trading does to you

[bluzter]

Even if u win 50% of the time with Risk:Reward = 1:2, you are still profitable. If u win 30% of the time with Risk:Reward = 1:3, u r still profitable.
Trading is Mind Game.

It tests your Patience to wait for the perfect entry. Sniper Entries? They are done after a setup forms on Daily. Then wait for a setup of 4H, then 1H and then take the shot. This process requires PATIENCE. Trust the process and you will win.

I am quite profitable in Forex and been working very hard for the last 2 years. It was a great journey. It fucks with your mind, but you have got to be Patient. No greed.

[schrodingerscat]

dont listen to a forex trader who says its easy. he hasn't hit the wipe out yet. trading forex is a humbling experience. theres absolutely nothing 'easy' about trading currencies.

[madhusudanb]

This master just summerized entire successful trading in just few sentences. Take a bow for your experience n wisdom sir.

[danyhermawan]

Well said. The best trader are not the ones with high IQ, PhD in math, nor the technical or fundamental analyst expert, but the ones who arent mentally destroyed in bad times and still have his own alarm and rationality in good times.

[babyblue]

i am just starting to learn trading at 62. My son said this is what teenagers do. I will show him wrong! FX is like Chinese to me now but i will become a successful institutional trader!

[carscoffeeandmischief]

Legend has it, he’s still holding eye contact!

[TRADERSFRIEND]

I have to agree with him, it gets hard to check myself when my trades are going right, there is a sense of invincibility that comes when you are getting it right and it can be also be devastating if you end up in the chop. Discipline is everything in trading!

[nikonxxx]

Risk management is everything. Profits take care of themselves.

[davidarmour]

The psychology of trading is the hardest aspect to overcome!

[ABCDEFGHIJKLMNOPQRSTUVWXYZ]

I've learned that blocking the emotions and sticking to the strategy even during a bad run is a good habit to have. I've managed to lose 5% over 5 trades and then made it back to break even in one trade. Patience and persistence. And never stop learning.

[Spiderlanky]

I loved this interview. That was liquid gold running from his mouth, shining diamonds of knowledge in every sentence. So good, so so good

[Lioness]

That shit stressed me so bad that I started coming out of remission from my thyroid issues. I had to quit Trading Forex recently. My health and well being are my most important investments.

[MrTeebaba]

Listening to this confirmed a crucial mistake I used to make for years and now corrected. "YOU DON'T PICK THE TREND FROM THE DAILY!" The randomness from the daily to lower TFs increases as you go lower. The trend picking should always and only come from the Monthly/Weekly TFs. Know this and have peace!

[haydenlawrence]

Excellent interview. Key point for me is managing risk. Forget about how many losing trades you have just try to keep them small and let your good trades play out. In practice you can have more losing trades than winning trades and still turn a profit if you have the discipline to cut your loses and let the winners run.

[qwerttypoiuy]

10million points for saying "muthi". this Zulu will now listen to you for ever

[gca-automotive]

My best trading week i was taking huge risks, around 10-20% per trade, i was very emotional too because of lot size.What made me tons of money was just adding to winners, cut losses when i realize i was wrong and sticking up with a strategy. Now a days im too scared to do it again, just thinking that 3 or 4 wrong trades could have destroyed me...but ended up very very good. Number 1 rule: go with trending markets, dont try to find the top or the bottom

[thestream]

I could listen to him talk about forex for hours - this is gold.

[iangalloway]

Good lesson, biggest trade he ever had was one he forgot about. I think we are our own worst enemy. Winning trade? Let that shit run. Easier said than done. :)