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This week’s FOREX TRADING video takes a look at how to read a price chart and how structure analysis can be used for both picking entry and exit levels.
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Rico of (http://Fxmodiv.com) spills everything in this private webinar….No secrets held back…I tell you EXACTLY what you need to study and WHY…plus show real examples. It’s time to stop with the gurus and the software BS. Stay tuned for my new training course!
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Hey guys, I did this private webinar for my private students. They loved the clarity and no BS approach that I take. Hopefully you guys can get some value out of it.
In this interview I give advice on what I feel holds a lot of people back from becoming profitable forex traders. Please contact me if you have any questions.
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NEWEST VIDEO MUST WATCH: “+1000 Forex traders prove that direction is NOT important when entering Forex trades ✔️ Manage them!”
Today I am going to show you how to magically make 1 Million Dollar in a few hours of Forex trading.
There 3 part to this video:
Part 1: Introduction and trading details
Part 2 Live trading
Part 3: Full explanation of “What just happened”
Make sure you watch all 3 parts completely
I hope you enjoy this video and if you find it interesting, please share this with your friends. Remember to subscribe for more videos like this – we have 470 published videos already.
Part 1: Introduction and trading details
Many Factors have to work perfectly in harmony to create 1 Million dollars in a few hours. You are going to pay very close attention to detail to appreciate the true skill and magic behind this ability.
I will start by going into some technical details for those traders who have an interest in the technical aspects of this feat.
TOOL NUMBER ONE: We use a trading robot. It has simply been programmed to sell at the top of turning points and buy at the bottom of a turning points. When using a 1-minute timeframe it is therefore possible to have a successful buy and a successful sell in one candle in exceptional circumstances as the candle high and the candle low can be turning points. This exceptional Expert Advisor (EA) is amazing at finding turning points so it can be used in most timeframes to trade a lot slower than you are going to see today.
Again for the technical viewers: –
It uses grid concepts. Now we have about 26 grid trading videos on YouTube. It was developed out of these concepts.
It uses channel trading concepts. We also have 14 channel trading concept videos available on YouTube.
A few years ago we did publish a course on how to win Forex trading competitions where $ 2.5K was traded to $1.4 million in 32 days using the money management aspects of this EA which you may find useful – it can be found at this link.
In a nutshell the EA uses very basic and established trading concepts in a very creative way. There is no rocket science involved.
What you will see today is a scalping approach to use this Robot. As mentioned the Robot can be used in many ways and timeframes.
By the way – this is not currently an Expert4x EA – it was conceived by one of our very old clients who have combined many of the Expert4x concepts creatively.
Now if you want more information about this EA and the techniques used please PAUSE the video right now and add your name to the mailing list:
TOOL NUMBER TWO: When scalping you need to find Brokers that firstly allow EAs and secondly allow scalping and thirdly use a price feed that is good for scalping and fourthly that will have reliable live accounts that mirror demo account trading and fifthly offer fixed lot sizing.
Details of the trades made will be available on FXBlue for you to study in your own time. The link to FxBlue is available in the description of this video and also in the video later on.
So let’Introductions move to the live trading.
Part 3: Full explanation
Sorry to disappoint you, but for many reasons, the results you have seen was produced on a DEMO account using paper money. Finding a scalping broker where the live account and the demo account produce the same results is almost impossible. It is like finding a needle in a haystack. There is very little chance of this happening. We are not trying to mislead you – the chances of it working on a live account for an ordinary online trader is very slim.
This is only a fun, light hearted, tongue in cheek, demonstration which I hope you have found interesting, entertaining, amusing and thought provoking. What you have seen is not real – there way have been a lot of smoke and mirror stuff going on.
The true magic behind Forex trading is the leverage brokers provide. Without that this demonstration would not be possible. Without the particular Forex robot this demonstration would also not have been possible.
Please share the link to this video with your friends or share it on social media. Join my channel for more videos.
Also remember to join our mailing list for more information about the spectacular EA.