TAG mental

Mental Techniques

The Best Forex Books you must read to be a Winning Trader

I will introduce some of the books I highly recommend for your trade improvement as I get requests like from my followers as below, What is your favorite book for forex trading? Which one should I read to improve my trading? So this time, I will introduce my recommended books to be a successful trader, that I think all the traders must read, because these are the books that I read many many times whenever I get into slump or going through tough times. Watch the Video Among dozens of books I’ve read so far, I picked up the ones that I think are necessary to to read when you…

Mental Techniques

How to keep your trade rules based on psychology

Keeping your own trade rule is one of the endless challenges for all traders. And this video is for those who tend to break his own rule and get loss over time. Like the other day, when the market spikes up and down, like the Gold or USDJPY on 13th of August, you know, they spiked more than 100 pips. and I was watching Facebook and twitter afterwards, and I saw one of the traders lost like 10 million dollars by that, but if you set your own rule and keep the rule, then the loss should’ve been kept minimum in such a volatile situation. So how can you keep…

Mental Techniques

How much do you need to start forex trading?

This article is about account size in trading, like how much amount of money you should trade with. And this is actually a topic I wanted to talk sometime, but I will talk about one of the common misunderstandings of a trader who has small account size. When you read books about trading, often times it says “managing your own account, you know, your own fund is important for trading.” Maybe you’ve seen those statements somewhere before. And today I am not gonna talk about like how many pips the loss cut should be or how many % of loss each trade should be, you know, that’s something that I…

Weekly Chart Analysis

Trade AGAINST the Cognitive Bias in Forex Trading: EURUSD Trade Review #1

This is the review of a trade I got from one of my followers in terms of both technical and mental awareness in forex trading. Watch Video Mail from Patrick in Canada Hello Kei san. Thank you for the great videos. I learn a lot and wish I could trade like you someday. I started trading like half a year ago but still struggling. I tend to see and trade by small timeframe charts so that I get the most profit possible from very top to bottom or vise versa. But as you told in a video, I think I should look at a bigger timeframe first to see a…

Mental Techniques

What should I learn to be able to win? The difference of learning style between winning and losing traders.

Why there are people who win and who lose in forex trading? That’s because “what” and “how” they study is different. Holy grail is in you As compared with any skills, trade is the same as driving and sports. And you can never be successful just understanding with your head. You can move your body in unconscious level when your head and body connects altogether. When you start trading, many people start searching for holy grails. And ironically, those who realized that there is no such thing as the Holy Grail starts to walk along the pathway of a winner. Let go of unnecessary knowledge A variety of information is…

Mental Techniques

Break Even Strategy: Live Traded on EURGBP

This is a live trade on EURGBP on 12/06/2019. I placed two buy positions and ended up with break even (little profit) and soon after closing the position, the price went straight down. Loss cut technique is very important because that’s the way to secure your account. And if you can survive from the market, there’s always a next chance. But if you die, that’s the end of the game. Watch Video EURGBP Daily chart on 12/06/2019 This trading is recorded on the 12th of June, 2019. This chart is the Daily chart of EURGBP I am thinking to trade this currency pair because as you can see, it’s been a…

Mental Techniques

Free Excel Spreadsheet : Profit Management – 3 numbers to protect your profit as your life guard

Profit management is just like a shield to fight on the battlefield called “Forex.” It is not courage but foolish to fight without knowing how to protect yourself. The importance of learning to survive A competitive trade is a surviving trade. It is said that 70% of the FX participants will eventually leave, but only those who survive to the end will receive continuous benefits. If you know how to survive without leaving, even if it takes time to learn, you will be able to join the winning traders group. Nothing is more important than NOT GIVING UP. The same can be said for business and study. But in forex,…

Youtube

LIVE trading between 29th and 30th of May, 2019 on USD/JPY ($6,400 Profit)

This was recorded live on 29th of May on last Wednesday, 2019. I am about to trade this USD/JPY and just looking at the chart and start analyzing the current market situation. Alright, let’s get started. Watch Video Script May 29 Daily Chart This is a Daily chart of USD/JPY. Now, if you draw lines like this, you can see that it’s a wide range and the current price is somewhere lower part of that range. And if you focus on the range, the price went up with 8 positive bullish waves, then the price could not go above the previous highest, then it went down with just 1 negative…

Youtube

LIVE trade recorded from entry to make $2,700 on AUD/CAD on 24th of May

This is a recording from last Friday, 24th of May, 2019. I recorded live and explained how I look at a chart from placing an order to making profit on AUD/CAD. In the recording I mainly explain based on 30min time frame chart. But I do look at a chart multi-time frame from Weekly, Daily and 4H charts. It took some time to edit the recording because of some microphone issues… but hopefully you enjoy the video. Watch Video Script In this video, I am explaining from placing an order to making a profit, and showing you how I am thinking and feeling during the trade and hopefully it gives…

Mental Techniques

How can just $1 investment makes you happier than winning a lottery?

Watch the video What is “Investment” to you? When you think of an investment, you may think to invest on something to get something in return and become rich, right? You know, to earn more money in return of what you invest on. But why you think of wanting to have more money? That could be because you want to be happy, like to be able to do what you want to do, or you want to live with joy, or you want to live without any anxiety, and so on. But anyhow, if you are happy and always become happy, that’s your goal, isn’t it? There are some people…