Why Forex Trading is not for Lazy Wimps

[Reactive808]

Well said and from the Heart. Thx for the vid. I will sucscribe

[stoldgar]

great video...

[tradeartist]

I believe the best way to get involved in Forex is to learn to trade over a period of time with proper training and experience. If you wish to have a managed account that is an option for investing but you would not be involved in trading yourself.

[3089280288]

is a managed forex better to work with? I'm new to this.

[dano132454]

when i talk to business people on trading the forex market its nothing but respect and understanding. when i talk to to someone who is in a trade(blue collar) its nothing but ridicule and gambling. i lost a lot of what i thought were my friends, most of them were co workers. i been doing it for 1 1/2 years and to say at the end of this year i will not be returning to my job as a exavator operator. i love the challenge.this is one career i will never get bored with.may the pips be with you.

[proforexroom]

Nice video .. thanks Scott. 

[thetruth786110]

dont know if u are gonna reply or not but i want ur views on baby pips, i gonna read it about a 100 times to just get a introduction on forex. I am 19 years old and i am doing finance at university in the uk. I am VERY serious about trading? could u tell me if babypips is a good start or not? thanks man.

[tradeartist]

@thetruth786110 Baby Pips is an excellent free introduction to Forex trading I mentioned that on my video " How to Save $5000 on Forex Trading Training and Get it Free . You might enjoy that video. Its on my youtube videos.

[Ortmoon]

You can learn everything there is about the forex market and still not get any richer. You cannot predict forex prices, and you certainly cannot achieve certainty and consistency through knowledge.

Keeping things as simple as possible is the real key to trading success. This combined with the right mindset and money management plan + the respect for mother market and her randomness will put you in the right way.

[tradeartist]

@Ortmoon I always love it when people say things like this. It shows that this skill is not for everyone and it is quite amazing how some people believe that is is not possible to achieve certainty and consistency through knowledge. Meanwhile, this month we have people in our community sharing their results of 60-% increase in capital with 3% maximum risk per trade and other similar results. And people are saying that they finally have consistency and certainty.

[tradeartist]

Each person has different experience of reality and when I hear people say that it is impossible to achieve it makes me even more pleased to see that we are doing what others say is impossible.

[matgetah08]

Look into the Chart..Just look into the Chart without putting indicators..See and what means all about..See the big Picture of overall chart.

[tradeartist]

@matgetah08

thanks  that explains it

[thecombatmaster]

great advice. I just started live trading after demo trading for about 4 months and am making consistant(but small) profits. I assume you use charts, indicators, and news to do your trades. What is your favorite place to get forex news, on upcoming trends?

[tradeartist]

@thecombatmaster

I mainly just want to know when news is coming out if it is major. But otherwise entries are based only on looking at charts. I have come to the conclusion that news follows pattern. Otherwise we would not have patterns. The visual signals on the chart are reliable. Interpreting the news is like flipping a coin.

[georgemargaris]

yes, learn first, and then open live account, I hear that a lot, but...

But only with a live account you are going to learn the psychological effects of having real money in the market.

[tradeartist]

@georgemargaris Yes you are absolutely right. When you are ready just open a live account to experience the psychology of real trading. Consider that one class at a college can cost more than $1000. So if you are ready to pay tuition and really learn plan to have as many live accounts lost as necessary to learn and it will still be a valuable deal in business.

[loredanaortiz]

I have been trading for 4 years and strarted making money consistently 2 years ago, I agree it is more than inputting indicators but without them I would not have been able to profit!

Why sell the info? If you are buildin wealth in forex then you should be making a few million a year and tripling it every year. Why not just trade for people and do instead of teaching charge for doing. Most surgeons don't teach they do.

[tradeartist]

@loredanaortiz

This is a good question. First of all there is a belief behind this that the only reason people do things is for money. And that if you teach something you don't actually do it. These are false beliefs but many people have them.

[tradeartist]

@loredanaortiz Well, some people find their highest fulfillment in helping others and teaching. Like Anthony Robbins and many people who contribute to the world I find fulfillment not just by extracting profit from the Forex market but by helping others and teaching. And yes, our managed fund business will probably benefit more people than teaching trading. Most people do not have the time and patience to actually learn to trade Forex themselves

[mapope]

thanks

[lukieboi2007]

here here

[forextrading11]

great video i have value information about the topic if you want learn more you have an open invitation

[arigreenblatt]

This is an excellent and very important video to watch for anyone who is serious about this trade.

[vonHypermiler]

Wish I'd listened to your video 16,000 bucks ago.

[MrRichforlife]

im a big fan of Scott, im about to buy his course. Nothing better to learn from someone who is really doing it for real and has a talent to teach. Please keep up ur great work Scott. Sergio. London - England

[nelsst]

A very good and realiastic explanation for any person looking to get into forex.

Thanx tradeartist for grounding peoples emotional appeal to the market.

[pierneus]

It's been 2 and half years that I've been trading the forex market, all I can say is that one should avoid all indicators, just all of them! Try to figure out by yourself what it might work, collect data, paper trade and have your own statistics. One day you'll eventually hit on the solution, if you're patient enough. Good luck.

[tradeartist]

@pierneus

yes you could do that or find out immediately what really works by checking out our course

[dgabor8]

he is true!!!

[avibe1984]

Amazing teaching. I have bookmarked it.!

[thetruth786110]

hello, i want to learn, i have never heard someone talk so much sense about forex. What can i do to learn? i know you might not respond but i had to try.

[ruddingberg]

Thanks for this posting!!!! I am tired of marketers making out Fx trading as a simple apllication where with only $X,000 u can make thousands per week. If I had that system I would be trading a hedge fund with billions under mgt rather than trying 2 sell online :-)

[tradeartist]

@ruddingberg

You can make plenty in Forex. But very few people have the patience, discipline, motivation, and positive attitude required to make it work. There are legitimate forex training programs that produce real results. But also a lot of ridiculous hype.

[ragstorichesforex]

Well yes - but indicators are helpful when used with the other tools in the arsenal. I sure dont want to turn them all off, but I like your style

[tradeartist]

@ragstorichesforex

I agree. I usually do not use more than one indicator and only to help determine the end of a trend or correction on the appropriate time frame. Few people realize that indicators work on a different time frame than where you see the trend or correction.

[tradeartist]

@ragstorichesforex

Support and resistance is also somewhat irrelevant considering that markets do not move up and down between support and resistand. They form trends and then corrections and will break previous support and resistance all the way through each trend and correction.

[cesime]

for tradeartist

"Dont worry. Winning in Forex trading could be a lot easier than you think."

If you have a honest broker, maybe it is easier than you think.

One of my brokers is a real "gansgster"

lol. But I agree with you, find a honest broker and then it may be easier than you think.

[tradeartist]

@cesime

so far no one in our trading community is losing trades as a result of their broker

[TheatricalMarketer]

With the economy going down the drain and people losing their jobs left and right, there has to be a better way. I mean who doesn't become filthy rich these days?

The content in this video is incredible! These are the same techniques I use to generate a recession proof income. Keep up the great work, and I can't wait to watch your future videos.

[ForexStrategySecrets]

What great advice! Its is so refreshing to someone actually telling the truth. I am in the business of training new forex traders and I am always surprised how many come and think it is going to be an easy money machine. Learning to trade takes work, it is do-able but like he said you have to work at it.

[orionmachine]

TradeArtist that was so well put bro. Glad you are helping others! God bless!

[bbwbb2]

well said

[cibakcibak]

6:22..... thanks

[cibakcibak]

thanks for your advice, i training this about 2 weeks with demo account than after that i gain profit around 8-12k perday with real account(newbie) without lost money each trade..

all looser take your time and think what this master scot said..(forex not for lazy wimps)

indicator only shows the pass and all are same....

thanks again and hope u and your family well and happy always..

[dansnali]

lol.. Great video.. and I found it while trying to do exactly what suggested. Trying to learn as much as I can about FOREX trading.. before throwing away my money.

[atomichockey]

so what is the best way to learn how to trade??

books?

websites???

I have been reading books for a while and maybe I am reading the wrong ones but they mostly say to use indicators

im so confused

[sbivideo0208]

As one of Scott's students, as far as I know the ONLY way to learn how to trade is to learn the 'real' way that Scott teaches.... he is so helpful and it seems 'so easy' when you get taught the right way :-)

Forget books & indicators .... do yourself a favor 'atomichockey' and check out Scott's website - no BS - just HELP and GREAT TEACHING !!

[tradeartist]

Thanks I appreciate your positive feedback!!

[tradeartist]

Dont worry. Winning in Forex trading could be a lot easier than you think. Its all matter of how you look at the market. I will post some more videos soon to help demonstrate that.

[mvogt]

Nice video! Guess i´ll stick to poker until I might have my first million and then start thinking about forex trading again. Seems easier that way to me.