If you are looking for an easy way to trade forex, check out my introduction. how are you? Today we are going to discuss the easiest ways to make money from forex trading. If you are new to the world of forex or have been trading for a while and have not made a profit, it seems unnecessary to do anything. Then this video is worth watching. We make trading easy. What we do is celebrate the country on important days. Why do we do that? Well, because we'd be wrong. So you sell a position on the 15-minute chart, wait for the price to return to that position, and wait for the trend to change. But we don't want to sit in front of the computer all day and look at it. You can display as many groups as you want. But the last thing you want to do is stay glued to a screen all day.
Entonces, lo que hacemos para que sea More fácil es que puede configurar la alerta antes de la ubicación que especifique. Así que hemos marcado este punto aquí, creemos que el precio ha dejado este punto, pero creemos que recaccionará y cambiara de dirección cuando regrese aquí. No laila ʻo ka mea āu e hana ai, ma ka ʻike kālepa, e hoʻonohonoho ʻoe i kahi makaʻala ma ka hele ʻana i ka ʻaoʻao ʻākau o ka pale a kaomi i ka hōʻailona hoʻohui. A e loaʻa iā ʻoe ke koho e hoʻohui i kahi hōʻailona. You hit the alert and now you can see here up in the right hand corner that you have an active alert and you can do this with as many pairs as you want and so you could have GBP USd Euro, usd cad, Jpy and so on and you can just click on each one of them if you want and it will immediately take you to that chart.
You won't have to type it in. It moves really quick and you can see everything really fast if you want to just take a quick look at your charts. But you've set the alert and now you're just waiting for price to come to it and when prices triggered it, they'll they'll be an alert on your screen, it'll make a noise and you can also set it up with with your phone, you can put the app on your phone as well. So just in case you're not around the computer, you might be in a different room. And at that point this is where it gets interesting. So your alert has been triggered. The next step that you need to do check to see if there's any news, any high impact news that could affect price because the last thing you want to do is take a trade just before a news event comes out because price will likely whipsaw its way through and take you out no matter what side of the trade you're on and there's different types of news that can have a big impact on how the price is going to move and what I like to look at is FTM Oh they have this two week demo challenge account and when you have that or you have a real account in there, you're going to see the option for the news and when you click on it it will tell you anything that's coming up and what you should avoid that you shouldn't be trading.
So if you see anything that's suggesting you shouldn't trade, you just stay away from it. Don't think you can do it. Just just avoid it completely and that's going to save you a lot of headaches now now that you've confirmed that there's no news, the next step is to go to a lower time frame that you prefer and wait for a price to enter the key area. So if you're marking your key area on the 15 minute, you would drop down to the one minute and what you're going to be doing now is looking for a very specific pattern to enter the trade. So you don't want to execute it unless you see a certain type of confirmation that will tell you to get in on the trade. So often times I talk about signs of exhaustion with the with the candles once it's come into your area and then an engulfing pattern seeing, there's all different types of patterns like this.
You can be very specific on the one that you're looking for but you wait for some type of clue to get in on the trade. If you don't see anything you just avoid it. You ignore it completely. But once you've seen your confirmation you can enter in on the trade. Now as soon as you've done that you need to choose a target. So the target could be a variety of things. So you could you could target the lower, lower the lower high supply and demand areas voids and so on. You could you could have an automatic 1 to 1 or 1 to 2. 1 to 3 whatever it is you want to try, you have to test it out and find what works best for you. So some back testing is required and now that the trade is running and you're aiming for your target, you need to find what works best for you. So should you manage your trade now managing your trade, you don't need to do this but It can benefit you with your strategy. So that means you could be taking partials where you take 25% of your trade off when you reach a 1-1 or half your trade when it reaches a little further you can move your stop loss to break even.
You can even trail your stop if you want to try to run this as far as it can go Now after you've done all of this, you've proven that you have a strategy that works. The next step really is to choose if you want a personal account or a prop firm account. Now with a personal account, you don't have to answer to anyone but yourself you're not risking anyone's funds but your own and depending on the broker, you can risk a lot more as well if that's what you choose to do.
But with a prop firm there's gonna be a set of rules that you'll have to follow and most people don't pass this so you really need to know what you're doing and you have to be ready for it before even joining a prop firm and if you're interested in testing the two week demo challenge or you're ready to sign up for a real account. I have a link in the description and you can sign up through there if you wish. But that's all there is to it. So it'll be up to you to work on everything else. So you're going to make a lot of mistakes when you do all of this, even with a set of rules like this, but when you apply them, you're going to be able to work out the bugs and improve your strategy, you'll find out the best time to trade what pairs are better for you.
You'll catch yourself making little mistakes that you thought you would never make and eventually you'll get to the point where you won't be doing that anymore and it will help your number overall. But that's all there is to it. This is one of the easiest ways to make money trading forex. So if you have any questions about this, let me know. I'd be happy to answer them. And until next time..
