 Hey, what's going on guys? You're right. It's Mark and and today it's something a little bit different or this summer It's a little bit something a little bit different. If you follow my videos, you know that I Must trade stocks mostly trade kind of like blue chip stocks are high quality stocks Google Amazon You know things that you've probably heard of I have been dabbling in a little bit of Forex With some degree of success, you know depending on How you want to measure success if it's purely on money made then probably not that great, right? But in terms of like percentage returns are pretty happy So you see we've got Euro USD and USD Japanese Yang. I think it is JPY So let's take a look at Euro USD. So The reason that I don't typically Trade Forex is because first of all, I don't know an awful lot about it In terms of what really affects it. I don't know how effective Technicals are with it, right? Although based on this Euro USD, I can see here You know, it looks pretty consistent in terms of its up kind of peaks and Lowes which is why I did buy in right so I bought in here at this level here Just because you can see this let's just draw it in This support around kind of one one eighty-five that is seen Previously one one one eighty-five But what I was very conscious of is this kind of Downwards pattern that it's got. Let me just draw this in from here to here. Can you see how that's quite? You know, it's always got lower highs and lower lows So even though it had bottomed out here and seeing this resistance I was aware that it could potentially kind of continue downwards before it moved up And also slightly different with stocks as well is I know that if I buy into a stock even if it pulls back You know as long as it's a good quality company, it's always gonna go up Well, not always but there's a high high likelihood that it's gonna go up over time Whereas with Forex, I feel like it's well, I don't know But I feel like it's more impactful on kind of economic economic data and fundamentals And there's a lot more that goes into it rather than just kind of looking at the charts looking at the peaks and troughs kind of Almost guessing human nature, right and trading based off of that However, with that being said I did apply some of the rules I normally use look for the you know decent price action on the chart right see the price look at the price The RSI was oversold and the MACD was curving it so I bought him and It pushed up and I was oh my goodness. I'm pretty good at this and it has pulled back since so what I'm doing at the moment For Forex is just paying attention without actually kind of getting skin in the game So I'm gonna be watching this see how it plays out and and kind of playing out in my head So why would guests would would happen here is this is gonna pull back to the EMA and then continue to turn it up And potentially see some resistance at the SMA, right? You see it kind of just breaks up of the SMA each time before it pulls back Um, so that would be my guess right and you can see that has pulled back to the EMA slightly And I would expect to continue to push up Um, and then actually this SMA. So that's what I want to do I just want to kind of feel it out for a little bit before I start getting heavily Involved in forex But it's something that I would enjoy doing just because it's 24 hour market as well So it's always you've always got something to do not that you always have to trade but um, you know It's always fun. Um, and this is the other one that I traded and this one I sold Um, although this time around Um It was um, so we we saw this resistance here. Well, I saw this resistance here Around like 111 55 And which which is where it was the RSI was overextended. Um, I sold and then once it pulled back to the EMA I closed the position out Oh, excuse me just because um, I Wasn't sure if it was going to push up It did look like it had kind of like a positive trend right the SMA is pushing up It's above the SMA as well. Um, so I thought it might bounce off of the EMA Which is why I closed out of this position. Um So again, I want to see how this plays out. I want to see how strong this resistance is here Is it just going to pull back if you look at that? Over time And it looks like this level here is you know, it kind of floats around here quite often so Yeah, anyway, so that's that's my forex experience so far Um, I'm going to keep you guys updated as we go. I just want to kind of share it with you if anyone's um, you know I've got quite a lot of experience in forex. Oh, that looks interesting. Oh, no, that's on the one week There we are doesn't look like Anything it's just kind of console it and how long the SMA doesn't look good to by yourself, but um If anyone's got a lot of experience on uh forex and and they'd want to share that With people in the comments itaura or youtube. Um, I'll be all ears I'm going to be doing a lot more as I say research into um forex and You know, what really is swinging it how effective the technicals are how effective fundamentals are And then kind of base come to come to my own conclusions based on that um If you enjoyed the video make sure you like the video Subscribe if you didn't like the video. Just like the video. Tell me why people are not a fan of the What video isn't a fan of About using 2% of your account and not really like overextending the amount that was Didn't go down. Well, what can you do? Um, but yeah, thanks for watching guys and I will catch you some of the time