Welcome to my forex channel! Where I cover forex smart money concepts and my order block trading/scalping strategy!
I had a bad morning trading smart money concepts today. I made some very silly mistakes regarding position sizing and risk management, and also missed out on taking a really good trade. However, despite my mistakes, I still managed to take home 0.5% gain for the day. I also ignored some high impact forex news affecting the US dollar (non-farm employment), which meant one of my trades really didn’t go as planned!
I thought it could be useful for you guys to hear me talk about my trading psychology and headspace this morning when I made these mistakes, so that you can avoid making them in the future.
If you enjoy this video, please subscribe to my channel to see all my future content! http://www.youtube.com/channel/UCX5GYKWpquBQWl4z_pBedVQ?sub_confirmation=1
The market makes opportunities like this for you to get in multiple times every day on different pairs! If you have a good trading plan/strategy, and know what confirmations to look for, you can grow your account super quick with a strategy like this.
Some confirmations I used for this trade include: market structure, imbalance, institutional candles, orderblocks
If you are interested in an institutional forex scalping strategy video, let me know in the comments below!
I am a beginner forex trader, if you would like to learn more about the concepts I discussed in this video, I would recommend watching the channels: MahadFX, mentfx, MoreHarrisonUwah, SlayBuddhaFX and Pips of Persia. They all have amazing content that covers institutional order flow, Wyckoff and imbalance.
Understanding smart money concepts in forex will help you breakthrough from trading like a retail trader, and become part of the 5% who are profitable trading forex! Concepts like these are also great for taking the FTMO funding challenge!
If you would like to see more Forex content from me, please drop a like and subscribe to my channel, and leave any suggestions in the comments below!
Please note: the content of this video is intended as entertainment and should not be taken as financial advice. Trading forex and other financial securities such as Gold (XAUUSD) is extremely risky and you should do your own due dilligence.