 Hello na reading yoko. Okay, you can unmute if you have any questions. Sorry, I think nawala yung audio ko. I was saying we do have our chat box so feel free to utilize it if you have any questions kahit within the session. Also may, if you want to ask using, not using the chat box, pa'y din po tayong mag-raise hand. So we can discuss it. I'm not sure if na rinig nyo hanina. My name is Christine Francisco. I'm the country manager for Tickman Philippines and I do hope that by the end of the session we will learn more about forex trading. So let me just share my screen. So I hope everyone sees my screen clearly. So before we start the session, I just need to read on a quick disclaimer from Tickmill. So first, Tickmill does not give financial advice. If in doubt, please seek independent financial advice. All comments stated in this webinar does not reflect the opinion of Tickmill as a company. Whilst this presentation has been prepared to the best of our knowledge, Tickmill will not be held liable for any inaccuracies or errors found in the documents. Rest warning, see if these are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 70% of retail investor accounts lose money when trading CFDs with Tickmill UK Limited and Tickmill Europe Limited respectively. You should consider whether you understand how CFDs work and whether you can afford to take a high risk of losing your money. Alright, so let's begin. So forex trading, risk management. Ano haba yung risk management? Risk management is actually a very important part or integral part in your trading success. Without it, you might lose or blow up your account at some point. So I think most of us na mga nag-de-trade na whether it's them or live, have experience na masunugan ng account. So today, we will discuss ano nga ba yung mga pwede nating gawin to avoid that from happening. Okay? So risk management will help us cut down losses and it can also help us protect a trader's account from losing all of his or her money. Okay? So what is risk in trading? Trading risk is the amount you can potentially lose from a trade, from a trade or per trade. So ito yung kumagano ba yung posibli nating, kasi diba pag-trade tayo, hindi naman siya parating panalo. So there is a possibility na magkamali tayo ng analysis. The market went against us at matala tayo sa trade. So with the risk management involved, pwede nating malimit yung mga errors na yung mistake natin sa analysis ng market. So trading risk can be managed to minimize the amount you can lose from a trade. You can risk from any amount from 0.1 to 100% of your account. So siyempre po, it is not recommended that we risk 100% of our capital. Diba? Because if we do that, chances are we will just blow up our account. Okay? So you also need to be able to understand the risk calculation in order to know how much you are risking in trading. So ito po, iti discuss din natin ano ba yung tamang position sizing pag ganang di-trade tayo, okay? So next, stop loss. So to be able to know how much to place for your trade to only risk a certain percentage of your account, you will need to have a stop loss. So again, kung wala tayo yung stop loss, we are actually risking the 100% of our account, okay? So unless you put a stop loss in your trade, then that's it. You're managing the risk. You're not allowing the market na ubusin yung buong account niyo. Katulad dito. I think everyone is puno to trade ganang very familiar tayo sa image nato, di ba? So sabi nga nila, at times, pictures speak better than words. Because without the stop loss, if you see that, halos bumagsak na sa alamesa niya yung market. So actually, anayaring ayun for Euro-USD, so obarang tomataas siya and gold din. Dollar is very weak at this point. So si Euro at siya kasi gold, so obarang tomataas sila. So if you don't have the stop loss in our account, chances are kung nakaselka, you will have a negative position. Pwede siyang tumaas kung walang stop loss and can also lose yung account niyo. Pwede yung ma burn yung account natin, okay? So ito, position sizing. If your position size is actually determined by the number of lots and the size and type of lot you buy or sell in a trade. So if you guys were able to attend our webinar, past webinars this month, we actually discussed kung ano nga ba yung micro lot, mini lot, standard lot, okay? So si micro lot, it's 1,000 units of currency. And in the platform, if you're saying your trading micro lot, that's 0.01. Na lot size or volume. Tapos si mini lot naman, that's 10,000 units or sa platform that's 0.10, okay? And si standard lot, that's 100 units. If you're saving your trading 1 lot, that's 1.00. Sa platform natin when we're trading. All right? So it's also very essential that we set our account risk limit per trade. So ito yung pinahayportating step for determining forex position size. So you have to set a percentage or a dollar amount na kaya mo'ng iris on each trade. Now, I know a lot of you will say, I risk 10, 30% of my capital because that happens. I see a lot of traders that does that. Ahorin po, gilte ako dyan. The strategy that I use is I'm not using this. But for most professional traders, they risk at most 1% of their account. So example, you have $10,000 trading account. So pagsinabi natin na, I only want to risk 1% ng account po. So 10,001% that's $100. Now, if you want to risk, if you want to risk the 0.5%, then you will risk $250 per trade. Okay? So you will risk $50 per trade. So your dollar limit will always be determined by your account size and the maximum percentage you determine. Pero okay, yung example natin is $10,000. I know a lot of us cannot start with $100,000 trading account or $10,000. Siguro a lot of people actually have some clients na nakapagstart na ng $20,000, $50,000. But majority, I've seen them starting with $1,000 or $5,000. Meron din na they start with a minimum of $100. Okay? So pagkinungan natin yung 1% ng $100, then that's $1. Ibig sabihin, kapag sinabi mo na okay, I will only risk 1% limit. Sabihin natin na kasi it can be 1-3%. Sabihin natin 3% ng limit natin. That's $3. $3 lang ng account po ang pwede kong trade, ang pwede kong risk. So going back dito, di ba ang dollar value nito? Ang perpip value niya is $10. This is $1. And this is $0.10. Ibig sabihin, kung sinasabi natin na mag-trist lang tayo na kung unbalance mo is $100 and you will risk $3 of your account. Of course, mag-de-trade ka ba ng 1 lot sa $100 mo? Hindi, di ba? Kasi ang perpip movement dito is $10 already. Okay, siging pero parang kaya ng mini-lot which is $0.10. So ang perpip movement niya is $1. So ibig sabihin, kung if you do that and risk $3 of your account, that's 3 pips movement pa lang cut na yung trade mo. Kasi the capital is $100, you're risking 3%. So dito pa lang pag 3 pips pa lang na move. Wala, nag-hit na agad yung stop loss. So what we can do is ito lang, tapat yung ating balance, atang ating volume ng trades is always in proportion sa kumagano yung account natin. So with this, since $0.10 lang yung perpip movement niya, this is more possible to trade as uposa kumag $0.10 ka or $1.00. If you want to trade higher volume kasi nga, diba, pag mas malaki, mas malaki yung possibility na kumita ka ng malaki agad, then you have to fund your account ng mas malaki rin. Okay, kasi pag nag-madali tayong yung maman at nag-madali tayo na okay, I need to prove these people na in one week madodobli ko yung account ko. Well, that's very probable in forex trading. The question is, is it always consistent na yun ang kaya mong gawin? If risk 1% what is expected reward? May question po pala. If risk 1% what is the expected reward or what should be the reward of 1% risk? I would say most is 1 is to 3. So if we risk 1% we can get a reward of at least 3%. Yun po sa opinion ko sir. Other people they do 1 is to 1. Others do it 1 is to 2. Mi-iban naman 1 is to 5. Pero 1 is to 3 is okay na. Pag 1 is to 1 kasi parang ibig sabihin noon if you have let's say 5 possessions pag ganag 1 is to 1 ka at yung tatlo dun is natalo. Dalaw lang yung tomama. Ang ending balance mo is negative pa rin. Pero kung 1 is to 3 yung risk reward ratio mo kahit dalaw lang yung tomama dun sa trades mo at matalo yung tatlo since the reward is more than what you risk kikita ka pa din. Okay, may question po Mr. Socrates. What is micro lot, mini lot, and standard lot? All right, sir. Ito po is yung volume. Volume ng tinitrade natin. So kukalimbawa meron po kayong siguro pinakamadaling explanation sa trading. Kung meron kayong mangahan at inani niya na yung mga kaeng ng manganyo. So yung volume o yung lot size is dependent. Sabihin natin, marami kayong ane pag sinabi mo ang gusto kung mag-trade ng one lot that's 100,000 kaeng ng manga. So mini lot is 10,000. Ang micro is 1,000. So mas diba, kung mas marami kang trade na kaeng ng manga, let's say 100,000 mas malahin pwede mo kitayin. Okay, moving on. So ito, most important fact, most professional traders risk at most 1% of their account. But I will say, a lot of these professional traders malalaki na po yung account nahawa. Okay, and just to share with you, Larry Hyde is a fund manager and sabi niya he has two basic roles about winning in trading as well as in life. If you don't bet, you can't win. If you lose all your chips, you can't bet. So we can simply put it na kung hindi na tayo in trading, if we don't trade then we don't get anything. Pero if we trade and lose everything then wala naman na tayo mawa bet. So in essence, if we have risk management and we don't let to lose all of our chips then we all have the opportunity to earn in this market. And tama rin po, I agree. This does not work only sa trading but also in life in general. Okay, so planning your trades. So I have here si Sanchu. So kung kailala po natin si Sanchu he is a Chinese general. He's a military strategist and siya nagsulat nung is a writer na sulat ng art of war. So sabi niya, every battle is won before it is fought. Simply because you plan out. Hindi ka basta sumugod lang, plenano mo ang entry mo, ang exit point mo, lahat plenano mo. So sa trading, akording li ang ibig nyo sabihin then is you plan the trade and you trade the plan. Now, some people, they plan the trade but they don't trade the plan kasi pagkahinaloan ng emosyon medyo nawawala na ang discarte and I think maraming tao medyo guilty rin dito kasi pagka, the thing about trading is especially if it's a real account, meron na siyang emosyon. Diba, so pagkahaloan ng emosyon hindi na tayo na kakapag-decide based on how the market is moving. It's based on kasi yung pinang-capital ko yun is combined namin ng koreyente. Pano na lang, diba? So mali din ko yun. We don't invest something in the forex market na let's say, inutang o kaya meant for something kasi dapat yung disposable income lang or disposable money lang natin or extra cash. Because this is an investment. Right? Trade what you are willing to lose. Hindi yung pagkanatalo kayo parang katapusan na ng mundo. Okay? Dapat ready pa rin tayo kasi in all aspects of investment and business, there are risks. Kahit naman yung typical na sa restore lang. Kumag lockdown at pinasarayan ng barang guy. For example, dito po sa location ko nga yun nakalockdown kami. So yung mga saris-saris na kasara sila. So in essence wala silang kita. So that's the risk. Yung ibangpaninda nila mag-exper pero hindi sila hikita. So matatalo sila dun sa pinukulan nila. So same sa trading, it's also an investment na may risk na kasama. So dapat handa ka din dun. Okay? So next, of course we mention about the trading plan. So first, for the trading plan, you have to put it in writing. So dapat merong structure kung ano ba yung inayasip mo. For example, I will look for trades from this specific support and resistance level. So ibig sabihin, if si Euro na reach nya na yung kapag nakapag-establish na siya ng support since marami siyang brinig na resistance sa kakakawak pakasok ng buy. That's a sample. And next, how your specific entry and exit orders will be triggered. So you have to put in your plan paano ka ba pakasok at pag nakapasok ka na ilang pips movement after you exit the trade. Saan mo ba ilalaga yung stop loss mo? Malapit ba dapat sa entry price or should be at least 30 to 50 pips or kung nag-move up pa siya pwede rin naman tayong maglagay ng stop take profit. Ano ba yung targets mo? May time delay ba? Anong classing trading ba ang ginagawa mo? Is it a few hours? A few days? Ano kabat ka tagal nag-hold? Anong oras ka ba nagsisimula ng trade? Sabi na, if you have an 8 to 5 job, may natin available ka ng 7 p.m. So doon ako mag-start. So those are the things nakailangan ilagay mo sa trading plan mo. Also the trading plan allows you to write your thoughts and analysis of the market. Ano ba yung setup ng market? What support and resistance levels do you see? And what happens throughout the session or the trading week? The track of your analysis and your trade as the market trades throughout your time frame. Is there any fundamental announcement, news or release? So alam mo ba na this week ano ba yung mga data na lalabas? For example, if you're trading Euro-USD, have you checked kung meron bang release? If so, there is one. We have FOMC meeting which will happen on Thursday at 2.30 a.m. sa oras natin. So those are the things nakailangan natin consider kasi that is a high impact news so possible siya na maka-apecto sa trading mo. Mamaya nag-trade ka ng buy pa rin ng Euro pero after the FOMC meeting maglumbakas pala si Dollar. So those are the things that you also have to consider for your trading plan. So for TickMeal, if you want to know those details, I know we have a lot of websites that we use but in TickMeal, parang one-stop shop na siya for a broker. So we have our economic calendar so under lang siya sa client tools. Tapos you can set yung oras po. So we are at GMT plus 8. Okay. Can you explain the difference between may question po from Sir Victor? Can you explain the difference between 1 is to 1,000 1 is to 500 and 1 is to 200. Okay, sir. I will answer that question after this one. So this is yung economic calendar. Makakita nyo dito yung mga possible data at ganaap na mga yari for the week. So nakalagay rin yung impact niya it's low, medium or high impact. So pag high impact, na ka-affecto siya greatly sa pair na tinitrade nyo. Okay. Just a question on leverage. Okay. Sir Victor, the higher the leverage, the must expose yung account mo. Pero ang simple explanation po lang pag pagka po ang account natin ang leverage is 1 is to 100. At gusto mo mag-trade ng one lot na euro-USD, dapat ang account mo ay may balance or margin available na around 1 is to I think 100 plus 1 is to 100 1,100 dollars. Less than that, you won't be able to trade. Ngayon kung 1 is to 500 ang magiging margin requirement niya na lang is around, I think 500 plus. Okay. So kailangan, meron kang at least 500 dollars sa margin available, free margin mo para maka-open ka ng one lot. Now if it's 1 is to 1,000, sorry, ano pala to, 1 is to 100 200 lang pala. Sorry. 200 dollars lang pala yung margin requirement na sa mga 234, I think for one lot of euro-USD. Pag 1 is to 1,000 na man that requires at least mas mababa siya. I don't have the exact figure kasi sa tikmila hanggang 1 is to 100 lang po yung leverage natin. But the higher the leverage mas maliit yung margin requirement mo mas marami kang trade na pwede nil-open, but at the same time yung account mo mas exposed. If say for example na ka sell ka lahat sa euro-USD at nag-sobrang tumas siya mas mabilis mas usunog yung account mo, pero pag mas maliit yung leverage mo, mas maagang mas stop-out yung account. I will have, by next month po, we will set another introduction. So Victor if you have time, you can also we also have recordings of the webinars sa YouTube. Compart po kayo ng ticmil group na Forex Traders Philippines hanandan din po yung mga links. And if you have any questions or clarifications, you just let me know. Okay? May isa rang question po. Can you predict the news release through price action in the chart? Or you need to check and read the news on the same days? Minsan po, pwede kasi minsan may sir Joseph may mga nag biglang taas, biglang baba dahil dun sa mga news, pero minsan ang mga yari na lang sabi mo ay tumas o mo ba ano kayang nangyari so you will check yung economic calendar ko anong nangyari. Minsan nalang naman may mga biglaang movements pero nga wala news. That happens. And I think may biglang malaking movement si Dollar. Wala news, it's not news related. Meron lang isang hedge fund company na nagkamali at na-dump nila yung hawak nila na-trade at naka-affecto yun greatly kasi malaking account yung hawak nila. So us traders, we also affect the market. So lalo yung mga hedge fund companies naka-affecto din po sila. We'll update you sir Victor sa next webinar date po. Okay next. So five, is the risk reward sufficient for you to enter the trade? So yung for this, ibig sabihin ano ba yung range no market? Ranging ba siya? Sorry, ano ba yung trend? Ranging, is it trend? Ano ba yung potential risk reward for your trade? Pupasukin mo ba ito sa palagay mo ba you will be rewarded enough for the risk na nagusto mong pasupin. So that also that should also be included in your trading plan. Later on sa psychology of trading maro na hong sample ng rule list na na pwede yung gamitin napagagawa na kayo ng trading plan. Ikong ano ba yung pwede yung ilagay, ano ba yung dapat? Kasi these are more questions to yourself. You will have to decide for it. Nobody will do, will decide for you. You will have to decide. Kasi unang-unang, kapital puna din yung. So dapat tayo yung nagde-decide. Next, helps you to keep you calm and have a plan of attack. So failing to plan is planning to fail. It's critical when you are planning your trades. It's as simple as getting a notebook at the corner store and keep simple trading journal notes and be focused on your flawless execution of your trading plan. It's also good na, mayroon tayong position na magamali tayo or mali yung analysis natin. We take note of it para lang mayintindihan natin. Saan ba magamali yung trade? Is it the emotion? Did you come in too early? Did you wait for the confirmation bago ka pumasok or nakita mo na kasi na sa support. So gusto mo siyang makuha at the lowest possible price. Ganon po ba yung gusto natin? So it's also good that we keep track of those details. Okay. Next. Here we go sa psychology of trading. All right. So ito na. Sa psychology, this is more on emotions. Demo versus real account. So hopefully, lahat mo tayo, nakapag-try na ba ng demo account. Hindi basta-basta sumugod sa live. Kasi the thing about demo is for demo account, you are actually it's helping you to learn how the platform works, pag pinundot ko ba to ano bang mangyayari? Pero you really want to know the real market. You have to open up our real account. Kasi pag demo account at negative ka ng let's say 10,000 dollars okay lang yan. Kasi demo lang yan. Pero kung real account, negative ka ng 500 dollars, is that okay? Hindi, di ba? Kasi totoong pera na yung sa pera natin that around 25,000 pesos. So hindi siya okay. So we'll discuss ano nga ba yung kaibahan. So pag-demo, the quotes are the same. The factors affecting the price too are the same. One platform, same order, same system. Pero bakit often the results are different. Ano kayang nangyayari? Bakit ganoon? Bakit iba yung ang ganda-ganda ng demo ko ay na doble ko agad in one week? Bakit pagdating ng live? Parang nasunog ko agad in one day. So nangyari ba yung sa inyo? Kasi in my first experience na na real account ako that's 100 dollars. And I have a demo account. I have a live account in my mobile phone. Tapos nagtrade ako sa demo at hindi ko na realize na nagswitch ako sa live account. So pag-switch ko ng live account, nagtrade ako ng .50 lot on a 100 dollar account. Tapos pag-trade ko nag-ulat ako kasi real na pala siya. Ang ginawa ko, impista iklose ko siya. So dumating siya sa nag-negative tas nag-break even. Pero na nag-break even, anong nangyari sakin? Emotion sinagrid ah baka kumita ako sa pagkakamali na to so tuloy ko na lang. So after noon within one hour na ubus po siya. So that's a real experience po. I know a lot of people then may mga sarin sarili sa nang experiences. Pero pag-a-hating ulitin. Okay? Okay, may question. Pag-sermel pag malaki ba with Rawal haharangin sa amla ng bank ko. I think for the Philippines, 500,000 hindi naman siya haharangin, sir. Pero parang may questions lang. And if you can prove na this is profit from Forex, then yeah, they can do that. And good thing about TickMeal, we have local payment partners. So hindi po natin masyadang problema yan. So Sir Joseph, what if you are good in demo and not in life? Yeah, you're right. It's greed talaga, sir. Kasi pag-iisipin mo yung para ang bilis ng pera lang natin. Ganon kasi yun eh. Greedy, gusto mong magmadaling yung maman. Okay? So the power of your mind, it's because the fact that you are investing or real money affects your trading decisions. Your mind forces you to trade differently. So kung sa demo pat-shill-chill ka lang sa real account, that's not the case. Kung sa demo, kaya mong tingnan after three days sa real, possible na after three minutes lang, titingin gana naman. Okay? Or itchachek mo naman yung platform. You start to feel scared or excited and you feel other emotions which are muted when trading demo. So your ego can be a huge obstacle. So meron kasing mga traders na sabihin, ba, lost. Sabihin nila, okay lang one in one day kaya kaya kaya ang boween. If there are times na magsusunod-sunod yung losses nyo sa trading, that's fine. What you can do is stop. Take a breath. Tapos, kapag ka okay na ulit yung mind nyo, din sa kakaya ulit pumasok. Okay? Hindi na makailangan laki kayo may open position. Mas masarap nga matulog ng walang open position, na yung na lahat ng trades mo na close na. Okay? Market teacher humbleness. It forces you to admit and recognize your mistakes that you can learn from them and never do them again. Okay? So I know a lot of traders it'll never do them again. Hindi nangyayari kasi inuulit-ulit pa din. So let's learn from it kasi isipin nyo pag ganatalo kayo sa real account. That's real money. Sayang eh. Maramin na rin ang mga in the Philippines nakakatawa kasi I've been in this industry for five years in the Philippines. Nagsimula talaga sa maraming natatalo pero ngayon nakita kung marami-rami na rin ang kumikita. And that's very good kasi deba satin sa Philippines. It's as simple as just opening a trading account, funding it. Doing the trade pwede ka nakumita ng para. You don't have to hire someone to work for you or establish a business para lang kumita. Okay? Next is market is brutal in penalizing those who think they are infallible. So hindi nga if your ego is not your amigo. Pag sinabi mo naman matarino ka sa market at maiisahan mo siya then this happens. Okay? Yes from Sir John Eric don't chase the market let it come to you. Diba ang galing ng ano na to kasi may mga quotable quotes or motivational quotes ang mga attendees. All right. So money and risk management. There are two most important issues risk management and diversification. So in reality it's very easy but in practice nobody wants to do it properly. Lower capital you have higher risk. And that's stupid but true. Pero toto po kung mas malit yung capital mas mataas yung risk nya. If you have huge account or mas mataas na capital let's say then 100 dollars then that's better for you. Pero if you have 100 dollars and you're very patient ok lang din po yun. Okay? I've seen a lot of clients who tried yung 30 dollars na welcome account to tick me kung familiar po kayo imagine that's 30 dollars maximum profit na withdrawable is 100 and they're able to withdraw it. So possible din yun you don't have to start a higher account you just have to be patient and disciplined pagdating sa trading. All right. Taxable ba ang gain sa Forex? No? In the Philippines in the Philippines it's really up to you if you want to report it to BAR. Okay? Saying no kasi pwede mo siyang i-report as earnings kung gikita ka and you pay the taxes for it but it's up to you. Okay? Next, who is the best trader you know and admire? Hmm. Sir Joseph best trader I would say I work with because I work with Alpari before yung analyst nila which his name is Thomas I like his strategy very simple and currently he's the one that I admire as a trader. All right. Next. So money management rules when you open a position you should always have two plans. One for the win that's when, where and how much so kailang ka papasok saan ka mag exit tapos magano yung pasable na profit and B naman pagka mali yung analysis mo. So there is always have the plan B so this can be your stop loss okay? Or some people pag ang ginagawa nila if they're losing they try to hedge. Okay? Next, you need to know when to exit the position before you open it. Okay? So yung trader, Thomas actually siya pagka pumag- nga open siya ng trade before pagka open niya ang siniset niya is not the tipi or take profit pero yung stop loss agad. So the strategy that he has if ang entry price niya inuunan niyang nilalaga yung stop loss tas pag nagtama yung analysis niya at na move up tomaas na tomaas yung trade maglalagay siya dito ng take profit but it's like stop loss take profit para kung pabagsak na yung market maghuli niya pero kung kung hindi naman is kung hindi naman is mag at pumag tuloy-tuloy siya pataas then yung move niya ulit yung stop loss take profit. So ibig sabihin na mamaksimize mo yung galao ng market. By the way his swing trader hindi po siya his tattooing scalping and the stop take profit will also work if long term trader ka. Okay. Next when the position is open do not decide where or if I should open stop loss order. You cannot risk more than 2% on one trade. So some people they say 1 to 3% but you can also do 2% or 1 to 3% max. Well for me you can do 3% max. Next trade which looks like a sure bet for us looks like that only for us market does not care. So kapag sinabi mo na sure na to pagpasok ko patas naman na walang pakaelam yung market sayo whether that's your point of view galao lang siya na aayon sa movement ng market whether patas siya economic factors pero wala talaga siyang pakaelam sa emotion natin. It's really us who needs to manage our emotions. So in trading there is a random distribution of winning and losing trades no matter what your trading edge is. Okay so also you must be discipline discipline rules must be strict and you should always obey them. So sino po ba dito yung may copy trade sino po ba dito ang guilty sa you should always obey them. So say yes or hello sa chat sa chat box kung ano kayo dito isa kayo sa mga tinatamaan itong discipline na sa trading. Nakapag sinabi na okay I've reached my target for today close ko na di na ko mag-de-trade tapos ang mangyare is since matigas ang ulo mag-de-trade uletas losing ang position. So may mga ganan po okay some people raise their hand may question po if we have copy trade in tick mill hopefully very soon maging available na siya but we are in this gira gawa na siya kasi ay no a lot of brokers has it and tick mill also wants it. Okay so hantayin lang po natin na maggaron very soon hopefully caught without oh hantaming guilty and what is the best recommendable bank local and foreign for deposit and withdrawal with less hassle sort of well actually for the Philippines may hirap lang naman sila if let's say bank wire ang gagamitin mo pero we have dragon pay and G cash I guarantee hindi ka naman magahaproblema okay all right wait lang po some questions we will discuss later okay let's go back money management sometimes you are going to think about breaking those rules but just one more time do not do it weak mind can destroy the best system and the best best money management program so ibig sabihin if you have a working strategy but then you don't follow the rules or you don't be strict about them or you gumoka ng rules mo pero hindi mo naman sinusunod wala rin so sayang yung system mo sayang yung money management mo kung nago work man siya at hindi mo naman pinapalo it's very essential that we follow it all right ito nang sinasabi ko sa inyo kanina yung when making a trading plan or yung rule list ano ba yung dapat niyang how does it look like so first trend is your friend open only positions with trend so sabi nga nila your trend is your friend until it ends so use trend corrections to open position with better prices candlestick formations ano ba yung currently formations ng candlestick nagdouble bottom ba siya na double top ba siya ano ba yung pwede kung maging position so you can also look at this you can also use them only on important support and resistance levels do not exceed more than 2% or 3% loss on capital per one trade after three losses double down the position once the position is on a green side or risk to reward ratio change the stop loss so ito yung sinasabi ko kanina kung pataas yan ang bawa nakabay kayo here tapos to maaspa siya so instead yung stop loss manan dito you can move it here para kung halimbawang kumagsak siya sa salo nyo na ito pero kung mag continue siya sa uptrend you can move the stop loss here kung hanggang saan man siya aboutin so that will lock in the profits for you you can only use only higher time frames h4 so this works as your swing trader but you can also use h1 h1 pataas ako as a trader I use h1 pataas but I see some traders they're using 15 minutes and it works for them so depending naman sa atin scandal stick better than bar chart yes for me po kasi yung mga for price action mas makikita mo clearly yung movement ng market kaya yung mga formation nangyayari next question is it ideal to set the stop loss at the support ok lang sir kung halimbawang for example for the stop loss sabihin natin this is your position tapos ang pinaka support is ito pwede rin naman basta hindi ito yung stop loss mo huwag masyadong malapit kasi ang market can move from 100 pips pataas so kung sobrang lapit nyan mahihit at mahihit lang yung stop loss mo so not too close so for positions a week per max quality over quantity yes this is right kasi especially if you don't have so much time nakatutok lang sa platform mas maganda na kahit mas koonti lang yung trade mo kung quality over quantity koonti lang yan pero yung makinaklose mo na profit is malalaki then at the end of the day profit ka pa din so another sample ng rule list do not invest on Fridays and etc so a lot of traders they don't do it pag ka Friday kasi pag inabutan ng weekend yung trade nagkakaran ng mga gap minsan din pag Friday medwa volatile yung market you can clear out your trades during Friday then that's better alright so that is a sample of a rule list so questions pwede maging IB sa TickMill yes sir anonymous pwede po everyone is welcome to become an IB actually sa TickMill maganda kasi we don't have a lot of rules for you to get your eigen profit so you don't need to have at least 13 yung iba kasi clients ay sorry yubang broker kailangan may tatlok mo ng clients na marip so wala na tayong ganan sir may client ka ba na million or billion ang kita sa Forex na Pinoy meron ako client million naman sir hindi pa ako nakakamit ng billion hopefully makamit ako but yes million his trading for clients and one time commission lang niya earn 1 million so good for him alright so this is a fridge pattern so ano ba ibig sabihin ng fridge pattern in Forex so yung fridge pattern di ba karamiyan sa atin when you open the fridge or yung ref natin nakita mo na yung laman alam mo nako ano yung laman po unang tingin mo wala kang gusto tapos after 5 minutes bumalik ka na naman tining naman naman pero wala naman wala naman nagbago doon di ba same pa rin naman so same sa trading nang bawa if you look at the charts nakita mo wala ng trading opportunity so you close it after a few minutes babalikan mo na naman kahit wala hanggang sa mag-decide ka na pumasok sa trade ng wala naman sa plano and that's it good for you if maganda yung pasok mo pero kapag negative ka wala na naman sa plano talo ka na naman so Nile Fuller and his two great examples of successful trader so you see here we have a sniper and a crocodile so ano po ba yung what is common between these two patience that's right sir patience so yung sniper hanggat hindi nyan na insured na nakalok yung target hindi siya mag-fire si crocodile naman hanggat hindi nyan na insured na yung target niya is makukuhanya hindi siya atake okay yes sir Mel patience is a virtue so this is ito hindi nila hindi sila parang si Rambo diba kilalawa natin si Rambo diba siya basta baril ang nabaril bahalan ako siyong tamahan so you do you want to be a sniper or a Rambo in trading na basta ako siyong bay lang, sell lang diba or do you want to be a sniper na you will insure na yung pasok mo is you have the confirmation that that's the best position for you to take right now okay you can you have the option to be a market predator like the crocodile in the animal kingdom okay next how you will also avoid avoid the losses actually the real question should be how to deal with losses kasi hindi mo naman talaga ma avoid yung losses losing is part of the game sa trading imposible na walang trader na walang talo because that's not how it works kung lahat po tayo inananalo sa trading siguro marami ng mayaman sa trading okay so next we have a question any suggestion on pullback trading sir John for pullback or sa retracement for me if it's a long-term trade or if you're looking at the trend of the market you can set feebo you can use feebo-nachi levels to check kung nag-retrace na ba siya and then you can enter the trade pag retrace ano nubis bakit mas nerecomend na mga brokers ang long-term kaysa short-term range wala pung pattern sa short-term short-term time frame actually no sa mga brokers po no it's up to the clients on how to how they will do the trading some professional traders they're looking at the long-term kesa dun sa mga minimal movements ng 15 minutes na time frame so kung actually kung magsasculp kayo mag-trade kaya na mag-trade mas ok sa broker kasi remember the cost that you're paying to your broker it's not actually it's actually the every time na mag-trade kaya so kung mas konte ang trade nyo mas konte ang kita ng broker may patterns din naman sa short-term time frame kasi for the candlestick patterns kahit sa ang time frame naman makakita nyo yun e alright so losses are just part of a plan cost of running your own private hedge fund losses are just part of bigger winnings do not limit the number of losses but focus on the amount make the average winning higher than the average loss so hindi po ibig sabihin nang bawa when you're trading in a week meron kang 20 trades only 5 of those trades ang winning yung 15 4 po siya losing trades but the thing is magkano ba ang naklose mo dito sa 5 trades na to kung mas mataas naman siya ang just 15 trades din that's better ok kasi ibig sabihin aga again going back sa risk and reward ratio mas malaki pa rin yung kinita nyo actually at the end of the day siguro ito na lang po yung sa experience ko at the end of the day actually if let's say i have 5 open positions tatlo do negative dalawa positive pero kung anto talamang niya is positive i will close it ok lang yung sakin ikuklose ko siya kesa hantay ko na mag positive yung tatlo mas importante na mas malakin mo yung profit ok question is it true that only 4% of the retail trader like us and the rest are the big companies who really control the market siguro po yung equity share kasi siyempre yung mga malalaking companies central banks and the banks mas malaki yung hawak nilang capital tayo maraming retail traders pero yung yung mga capital natin is not as much as these companies and the traders are also part of the isa rin tayo iso nang papagalaw ng market so pagsnabi kong the traders not just us pero other participants din in the market ok pero i'm not sure po din sa 4% yun na kasi parang more than 90% are losing money but as i notice mas maraming na talaga ang kumikita ngayon even with with robots mas naging matalin na nat sila losses normally you should not be mad at the fact that you need to buy a paper to your company or a fuel to your company car losses and winnings come together losses are a result of the fact that you have opened yourself for a new opportunity to win but this time you picked the wrong side let's be honest market is always right you have no grounds to think that you can be smarter than the market if you think that you cannot just be wrong on such huge market you are wrong make them small and not lethal one loss cannot hurt you or cannot disrupt your plan or distort your trading approach otherwise your trading system is done and so are you pwede bang hedging hedging and arbitrage pwede po sa platform ni tick mail okay so one more time you can have the best system in the world but you won't be able to use it properly as your mind will not allow you to do so next trade is a win or loss you never know you never can be sure because nobody can predict the market if merung makapagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpagpag may market mas maraming nasigurong may-a-man we can only do educated analysis or educated guess what is your question poor from Sir Edgar what is your standard advices regarding to big players Manipulation, like stop hunting. Actually it happens po no? Siguro yung I just have to pick the right broker. But that happens. I cannot really say that it does not happen. Pero tataw po yun eh, experience it with other brokers. So make sure lang na you choose the right broker. If you trade with TickMail, you can observe. If you can also have more than one broker. But yes, it really happens. You just have to pick the right one. At bantayan nyo lang. Nagkakaslipage ba? Nagkakaslipage ba si TickMail? Question. Yes, ang slippage po is normal for all brokers. Do not over trade. Stick to your system. It's not a shame to be without a position for a week. It's ang sabi ko ng ginsan para tayong kating katit to enter a trade. Kahit wala naman tayong nakikitaang opportunity. O kaya naman sabi natin sayang pagpasok na ako sa trade or mag-buy na ako ngayon kasi ang baba e at least kapag tera na kung ikita ako. Those psychology, those will not work. Be like a sniper and a crocodile. Go only for sure bet but keep in mind that they can fail too. Do not risk much. Rest only the money you can afford to lose. Question, what are the benefits in having two or more brokers? For me, diversification. You just say the Great Warren Buffett you don't put all of your eggs in one basket. So diversification, that's my answer. Next, you should be emotionally free to the potential loss. Huwag natin iyakan yung mga losses, it can happen. Pero if we don't manage it, we can really lose a lot in this type of market. So questions, I think nasagot naman natin lahat ng questions. Anonymous at any tips on how to diversify portfolio. Percentage invested per company or how many companies should I hold? Sir, we're not trading companies per se pero we are a forex broker so we have futures, currencies, and crypto. Pero we also have oil and spot metals. Now for sa itong tanong mo how many companies should I hold? Sa pagsatrading, I always advise newbie traders na pag magtitrade, focus mo na sa isang pair. Huwag masyadong marami. Nag-aaral ka pa lang tapos meron ka ng 10 pairs na tinatrade. Huwag ganon, focus ko ma sa isa. EuroUSD, kasi yung most commonly traded, observe the market, check mo pa na siya na go work. 10 sa kaka na mag-jump in sa ibang assets. Next question, Sir Mel, ganon nakadami robot sa platform nyo and win rate nila. For the Philippines, I can't talk about other countries but for the Philippines, I have different clients who offers EA. So iba-iba po yung performance. There are some na profitable and there are some na to be honest na tatalo din naman talaga kasi at the end of the day, there's still robots. So mas maganda pa rin na na alam nyo how the market works. Hindi basta, mag-invest in iwan na lang basta. Next question from Sir Socrates, I recently became interested on trading. I am a beginner. Is there any free e-books about trading, not just books? Any learning materials I can use to set my basics on trading? Yes Sir Socrates, we do have it. I hope that your part of our group in Facebook it's called Forex Traders um Forex Traders Philippines para makita mo yung mga e-books na siya nishare ko and also mga videos na webinar videos na yung mga recorded videos natin para makatulong sa pag-aaral mo. And personally if you have questions you can PM me. Here's my Facebook details. You can contact me via this method. Okay. So another question since you mentioned about time frames kanina how do you look at the market from lowest to highest time frame or the other way around? Ako po, most people they say most of the professionals they say dapat from the top monthly pa ba ba. Okay since ako I'm not really doing a lot of swing trades I check at the H1 kasi nag-scalp din ako pero even if I'm scalping I don't go below H1 tapos kapag I need to look at the longer trend of the market then I go higher time frames H1, H4, D1, B1 but not so much on monthly kasi hindi naman inaabot ng months yung trade ko. Pinakamatagal na hold do na position is 3 months that's USDCHF. Next, kaano ka nipis spread nyo compared to other brokers? Okay, this one I love the answer kasi CEC, Tick Mill is actually the lowest cost broker you can find. So we have the pro account which offers spread from 0.0 at yung commission natin is at 4 euro. So some brokers they have the zero spread pero ang commission that you pay is around $20 or $7 sorry, but for Tick Mill it's only 4 euro per lot. So there, do you have any more questions? May limit ba sa withdrawal amount of times? Wala naman limit you can withdraw kung kaano nyo wala limit on how many withdrawals you can make but the amount if you use the dragon pay or G-cash the max is $140,000 that's per transaction or per withdrawal. Sabi natin, kumita ka ng isang million kailangan mo siyang withdrawin then you can do parang party-party or if not you can do bank wire. Okay. So if we don't have any take note of my details kung meron po ka yung question sabihin nyo lang and this webinar is recorded so we'll definitely have it uploaded in Tick Mill YouTube page. So thank you po. Thank you sir Mel, thank you sir Socrates. To everyone sir John, Eric, Joseph, Edred Ward to everyone sir Ruel, Steph, to everyone who participated in this webinar I'm really happy na Interactive yung ating session today and I hope to see you sa mga future webinars natin. Thank you po. Sure Dan, thank you din.