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ONE Simple Thing To Improve Your Trading & Using Candlesticks In Forex Trading

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ONE Simple Thing To Improve Your Trading & Using Candlesticks In Forex Trading

Every Friday, I host a live Forex Trading Q&A on Facebook.

In this Q&A #6, I discussed the ONE thing you can do to improve your trading quickly. In addition, I discuss the use of candlesticks in the Forex market.

This is based on my own experience.

As a matter of fact, I met a fellow trader in person for the first time around the month of June 2015 and that has made a significant impact on myself and my trading. It is also one of the major reason why I started the Desire To Trade podcast.

When it comes to candlesticks, I believe that traders spend too much emphasis on the candle close. That might be useful on a high timeframe but it doesn’t mean much on a very low timeframe.

In This Episode, You’ll Learn…

  • Algorithmic vs. Manual Trading
  • ONE Simple Thing You Can Do To Improve Your Trading Quickly
  • My Take On Using Candle Close To Trade
  • Using Market Sentiment In Your Trading

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What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

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3 Comments

  1. Johann Schonfeldt
    December 2, 2016 at 1:12 am

    Great Podcast Boss,,,very Motivational!!!??

    • December 2, 2016 at 7:55 am

      Appreciate Johann! Drop by the next live Q&A if you have any topic you want to learn about!

      • Johann Schonfeldt
        December 2, 2016 at 11:36 am

        Hi there Boss,,,i would like You to discuss Impulsive Trades please,,,last night there was a News flash on GBPUSD that i missed,,,,Sometimes there are Double Breakouts on News Flashes,,,,and the Candlestick showed the Start of 2nd Bullish Breakout, i placed 4 Quick Impulsive Trades to Catch this Breakout and suddenly it turned Bearish dropping Quickly,,,there was no time to place Stop Losses. i decided not to close my Trades and see if i can ride this Storm out,,,i was at one stage $900 in loss,,,,luckily today around the afternoonthere was Market News and GU rallied mostly Bullish for about 5 hrs and still going,,,currently i am just under a $100 in loss,,,and should be in profit margin in the next hour and my Take Profit will close my Trades. This Foolish and Impulsive trades of mine nearly Blown all my Profits i made for the Week. i think there is alot of Traders making the same impulsive Greed Mistakes as i did last night!!!