Forex Wealth Foundation Seminar with Mario Singh Video 2/4: The #1 Mistake Most Forex Beginners Make

Forex Wealth Foundation Seminar with Mario Singh Video 2/4: The #1 Mistake Most Forex Beginners Make

Get my new book “17 Proven Currency Trading Strategies: How to Profit in the Forex Market”:

Get my Free Gift:

Join my Free Online Course:

Follow me on Facebook:

As seen on CNBC and Bloomberg

As a world-renowned Forex educator, Mario Singh has trained private bankers from Julius Baer – the third largest Swiss bank in the world with assets under management of CHF 340 billion, and bankers from ICBC – one of the largest commercial banks in the world with a market capitalization of USD 269 billion.

A widely sought-after expert in the Forex industry, Mario Singh has appeared more than 35 times on CNBC, each time giving his market views to an estimated 350 million viewers worldwide. He is also one of the few experts on the show to have appeared on all three major segments – Squawk Box, Capital Connection and Worldwide Exchange, and one of the few people to have been invited as guest host. Mario has appeared as a guest expert on Bloomberg TV as well.

As an expert in the financial markets, Mario has been invited to participate in numerous panel discussions organized by investment associations and conventions in South-East Asia – such as SIAS, AICE and ACDC – to speak together with some of the top investment experts in the region.

Mario Singh¡¯s best-selling book ¡°17 Proven Currency Trading Strategies: How to Profit from the Forex Market¡± is endorsed by world-famous billion-dollar fund managers like Mark Mobius, Executive Chairman of Templeton Emerging Markets Group, and Ray Barros, private hedge fund manager and professional trader.

Mario¡¯s articles have also been featured in Australia¡¯s top trading magazine called Your Trading Edge (YTE), one of which is featured as the headline article for the Jan/Feb 2011 issue titled ¡°Currency Wars¡±. He is one of the few Forex experts given the privilege to contribute weekly articles to the YTE blog.

My Paper, a national newspaper in Singapore which has an estimated readership of 400,000 daily, had given Mario his own weekly Forex column. He is the only Forex educator in Singapore to receive such a privilege. Other media appearances by Mario include ChannelNewsAsia, Smart Investor, Personal Money, News Radio, City News, Straits Times, FXStreet and Your Choice.

As founder and CEO of FX1 Academy, Mario has trained thousands of retail investors on how to trade Forex profitably. Graduates include people from Singapore, Malaysia, Indonesia, Philippines, Vietnam, China, India, Australia, Switzerland, Venezuela and the United States.

Forex Price Action Basics – Candlestick Analysis (2014)

Forex Price Action Basics – Candlestick Analysis (2014)

Forex Price Action 1 – Candlestick Analysis Basics.

This is the first in a three part series of webinars I held on Forex Price Action analysis. In this webinar I cover Candlestick Analysis Basics and I show you real trade examples.

Day 2:
Day 3:

What you need to do to be a good Forex Trader

What you need to do to be a good Forex Trader – The key ingredients to ensure a long term success as a Forex trader.

In this video:
01:15 Don’t rush things!
03:17 Having a system that actually suits your personality
06:09 Got a brand new website

Forex day trading strategies

Forex day trading strategies

I would consider myself a day trader, however if I’m in a position and it goes against me and I’ve got full confidence in that position I will continue to hold that position over a period of days, weeks, or even months – that’s very important to bear in mind. I call myself a day trader, but I do sit down the charts on a daily basis and try to take short-term gains out of the market. The key to trading the Forex markets is having a premium news feed, because what’s key to day trading is focusing on something called sentiment. A premium News feed is designed to give you need up-to-the-minute, constantly updated news on a daily basis so that if anything happens pertaining to the markets or geopolitical developments it’s on the news feeds within twenty to thirty seconds and we can observe the affect on the markets and consequently trade that information.

So basically what you need to do is come to your charts in the morning, you need to look at the currencies that have been moving overnight or the previous session and you need to figure out the reasons why those currencies have been moving.
If there is a good fundamental reason or a good sentiment based reason why say the pound has been going up, that’s a good reason why it might continue to go up over the current session so you will then look to buy that currencies or sell the currencies that are going down.

It’s key that you only trade a currency that has a good reason for moving, some currencies will go up for no apparent reason don’t trade those, only trade currencies with a sentiment of fundamental driver. The reason it’s pivotal to have a premium newsfeed is because whilst the session is in play the sentiment can change, so you need to know what’s happening across the markets and what those reasons for price fluctuation are.

Of course sometimes price action will change and there will be little reason for it essentially just the market pushing price around, but if you’re tuned into all the economic news affecting the markets you will begin to notice what the market is focussing on and how it reacts to specific data points and of course we can look to take some pips once we’re tuned into that information.