TOP SECRETHOW not lose money in forex in 2023? How to make money in forex trading|FOREX TRADER VLOG

TOP SECRETHOW not lose money in forex in 2023? How to make money in forex trading|FOREX TRADER VLOG

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[Music] foreign [Music] [Music] good morning everyone welcome back to my channel it's another day now I'm going to do some housework first foreign lots of here foreign but it's much better now it's good much better so this is literally a lifesaver because every time when I do my housework I lift up my hands it's always hurt my neck my shoulders my arms and my back okay it's much easier okay you know I always love to smell the wash the clothes I love lavender so I always love to use lavender washing liquid and it gets the clothes smell so good nice I Don't Wanna Dance [Music] [Music] okay hey everyone welcome back to my channel my name is Lou and as I mentioned in my last video that um I've been doing Forex Trading for more than two years uh actually in this video I would like to share everybody a top secret of not losing money and continue staying in this Forex Trading business and that is risk management I'll actually risk management is so important because if you don't keep your principal you don't control your money how you're gonna even have the funds to continue trading right and that's why risk management is so important and to me my personal rule I will not risk more than three percent of every trade that I take depends on the setup of every trade I always risk on one percent to three percent of every trade that I take um and also my second rule is I always make sure to put stop loss um a lot of people may have different opinion they may say ah don't put stop loss because the broker can be so bad uh if you put a stop loss the broker will just um move the price to your stop loss to hit your stop loss on purpose and after that go to the direction you originally predict but at that moment you've already lost but think about it what if originally you were wrong and the price just hit your stop-loss and continue your opposite direction then how much money you plan to lose then right that's why to me I always put stop loss but I always make sure to leave some buffer because sometimes there is news involved of course personally I don't trade news but you never know sometimes might have news involved sometimes may have different occasions yeah all those things that's why to me I always put stop loss and always make sure to leave some buffer so if I win the trade okay good because I did my analysis but if I lost okay so what I'll just do analysis again and getting again because there is always opportunity in this trading business right okay so this is why uh risk management is very very important and here I would like to also um share a very important tool uh which is position size calculator um by using position size calculator um you can easily um calculate how much plus size you need to use every time when you execute a trade um so this position size calculator can also help to to control the risk that's why to me like I say risk management is very very important and this is the top secret of not losing money and always stay in this Forex Trading business okay so now go to the website myfxbook.com Forex calculators slash position size so this is the position size calculator so here currency pair let's say I'll put GJ okay and account currency may I use USD so I just leave it there US dollars account size let's say I'll put 100k risk ratio which is how much risk you're willing to take for example I just mentioned personally I usually take one to three percent so I can put one percent or you can also click swipe with money so now you can put a thousand dollars but me personally I prefer to use um percentage so I put one percent stop loss Pips let's say on GJ I have a 15 pip stop loss so now I just click calculate so it will automatically tell me okay so this trade I need to use 8.85 Lots how easy is that and just within one second okay so I just received a phone call from an express delivery guy I ordered something from the internet and I have two packages coming in now I'm going downstairs to pick them up and I'm very excited about it I'm just gonna take my key and my phone and coming right back later I have those two packages okay so now I'm going to open my packages wow that's my um daily Hydrating Lotion I never use this brand before but I heard a lot of good things about it so I want to give it a try because right now winter time it's pretty dry so I really want to moisturize my skin yeah it says it has the hyaluronic acid which can bring a lot of water and moisturize the skin so I'm gonna give it a try let me do a tough way [Applause] wow yeah I bought two of them it's a skin color long stockings because you know you got to keep sexy in the winter time yeah I'm gonna try these I can't wait to try them for the long stockings I usually wear black color or gray color yeah this is my first time try the skin color long stockings I bought a pair of over knee long boots for the winter time so I want to make the color difference when I put them on that's why I purchased uh skin color long stockings I'm gonna give it a try too wow that's good you see it's not just stockings huh it looks like a pants I'm gonna try it almost like skin color you see it that's the color of the stockings and this is my skin color wow wow wow sexy whoa I love it oh my God this is exactly what I was thinking about it oh my god wow [Music] that's exactly how I want it nice wow Eva winter can dress like summer so sexy I just got a bunch of packages again I'm gonna open them one by one with you guys let me open this one first foreign [Music] [Applause] I bought some makeup stuff this one is eyebrow pencil this is the brush for the eyebrow this is the pencil and I have three different substitutions ah and this one fantasy Cube this is for eyeshadow can you see ah I love those colors hmm I can't wait to try them oh here it's already broken let me open from here then this one is the barbecue sticks [Music] [Applause] this one is cumin barbecue seasoning and uh this is Original Barbecue seasoning [Applause] and this is ah my favorite spicy barbecue seasoning what's next time let me try this one first I guess it's a pair of shoes oh wow pretty look I love the color so pretty I'm gonna try them later I believe the other one is a pair of shoes as well let me open it up and I'll try both of them together [Applause] [Applause] I don't know yeah this one is the boots boom this one is like a Mexican boots so pretty I love the color I can't wait to try them both wow wow I love it nice beautiful they're actually very comfortable let me try the other Pier this one I guess this one I bought a little bigger wow pretty too I love it today is a happy day for me yeah foreign this is so hard to open God foreign [Applause] [Music] foreign [Music] [Applause] all right [Applause] [Applause] okay [Applause] [Applause] [Applause] foreign [Music]

2023-01-08 12:46

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