User Case Study: Week Four Of Using Forex Source
"If you're sick, not feeling well, stay away from your account because it causes more damage than good. Secondly, don't be driving when the election polls close, you will miss out on a big opportunity."
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We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
You understand the markets and trade with confidence.
Learn more at our website here: https://bit.ly/2HFykNd
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Hey, guys and welcome to another weekly trading video. Since we started these videos, we have seen some really, really good returns on the portfolio, as you can see right here. We just broke the 30%. Really, really good.
Now what happened is that I got really sick and since Forex trading is something you can do from your house, from the comfort of your room if you want to, I was trading anyway and I was trying to keep up my same process that I usually do. I noticed that my consistency immediately started going down. I ended up having like three consecutive days of lost trade after lost trade after lost trade and this has never really happened to me before but I also haven't been sick in the last few months. I realized that if you have somewhat of a cold or a fever and you're not feeling 100%, at least personally with me, and I think I wouldn't be the only one to say that but it messes with your psychology. It messes with your trading ability.
It could be that I took these trades because I was maybe a little bored so I was how do you say? Trigger happy. I'd make a trade and then it would go the wrong direction and after a couple hours, I would see it and I'd notice that my facts were wrong.
So I closed my trades and I didn't do anything else until the next week.
So on Tuesday, they were gonna release a YouGov poll, which as I've mentioned in previous videos, is like very reputable. In previous, the YouGov poll had shown a significant majority of seats for the Conservative party, higher than the Labour party. And this had boosted the pound into optimism for I wanna say maybe even a couple of weeks ahead of the elections but then fast forward to this week on Tuesday, we got a new and updated YouGov poll.
So as you can see, we got the news relatively early based on what the market's reactions were which continued like this for, I wanna say maybe at least a half an hour after we finished. So this is a place where you enter the short position and over the next minutes, you see the market reacts pretty violently to the news and we managed to secure in our position right on time. And what I can thank there is the market commentary coming from Forex Source as well as the Squawk.
Let's fast forward to at least what I recorded here on the screen. And we'll see that the price continued to drop, to drop below. Now, here, just in these two trades, at this moment right here, we can see about a 3% on the portfolio gain which was, I wanna say a little bit too easy. It feels easy but that's the benefit you get from being informed.
You can find this here in the Forex Source terminal. You go into the Market Insights and also, several times a day, they post dominant currency sentiment. The context that you get from the terminal is really, really that good.
The main major opportunity that did happen this week was the result of the British elections based on the exit poll. The market had a crazy reaction to it. Unfortunately, I was driving at the moment. I couldn't really act on what was happening. And just to show you on what I actually really kind of missed out on. Something that I could have caught the same way that I did the last trade with the Audio Squawk, it was moving sideways for really quite a long time and then suddenly at 4 p.m., we see this huge candle and we can see that in total, the move was of about 400 pips.
In the same way that we got news relatively early from the Squawk, what I did is I was driving so immediately, my phone started blowing up with notifications and I was like I have to get in on this so I pulled over and I managed to place a trade.
So anyway, that's a quick summary of my last two weeks of trading. First, if you're sick, if you're not feeling well, stay away from your account because it causes more damage than good. And secondly, don't be driving when the election polls close because you will miss out on the biggest opportunity that's maybe been in this entire month. It's the biggest, easiest trade that you could have taken and I missed it which sucks but what's beautiful about the Forex market is that next week, the focus will be somewhere else and we will see some new moves and definitely some new trading opportunities. I'm extremely excited with how my account is growing right now.
-----
If you find this content helpful, you’ll love Forex Source.
There’s a link below were you can learn more about it https://bit.ly/2HFykNd
-----
We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
You understand the markets and trade with confidence.
Learn more at our website here: https://bit.ly/2HFykNd
-----
Hey, guys and welcome to another weekly trading video. Since we started these videos, we have seen some really, really good returns on the portfolio, as you can see right here. We just broke the 30%. Really, really good.
Now what happened is that I got really sick and since Forex trading is something you can do from your house, from the comfort of your room if you want to, I was trading anyway and I was trying to keep up my same process that I usually do. I noticed that my consistency immediately started going down. I ended up having like three consecutive days of lost trade after lost trade after lost trade and this has never really happened to me before but I also haven't been sick in the last few months. I realized that if you have somewhat of a cold or a fever and you're not feeling 100%, at least personally with me, and I think I wouldn't be the only one to say that but it messes with your psychology. It messes with your trading ability.
It could be that I took these trades because I was maybe a little bored so I was how do you say? Trigger happy. I'd make a trade and then it would go the wrong direction and after a couple hours, I would see it and I'd notice that my facts were wrong.
So I closed my trades and I didn't do anything else until the next week.
So on Tuesday, they were gonna release a YouGov poll, which as I've mentioned in previous videos, is like very reputable. In previous, the YouGov poll had shown a significant majority of seats for the Conservative party, higher than the Labour party. And this had boosted the pound into optimism for I wanna say maybe even a couple of weeks ahead of the elections but then fast forward to this week on Tuesday, we got a new and updated YouGov poll.
So as you can see, we got the news relatively early based on what the market's reactions were which continued like this for, I wanna say maybe at least a half an hour after we finished. So this is a place where you enter the short position and over the next minutes, you see the market reacts pretty violently to the news and we managed to secure in our position right on time. And what I can thank there is the market commentary coming from Forex Source as well as the Squawk.
Let's fast forward to at least what I recorded here on the screen. And we'll see that the price continued to drop, to drop below. Now, here, just in these two trades, at this moment right here, we can see about a 3% on the portfolio gain which was, I wanna say a little bit too easy. It feels easy but that's the benefit you get from being informed.
You can find this here in the Forex Source terminal. You go into the Market Insights and also, several times a day, they post dominant currency sentiment. The context that you get from the terminal is really, really that good.
The main major opportunity that did happen this week was the result of the British elections based on the exit poll. The market had a crazy reaction to it. Unfortunately, I was driving at the moment. I couldn't really act on what was happening. And just to show you on what I actually really kind of missed out on. Something that I could have caught the same way that I did the last trade with the Audio Squawk, it was moving sideways for really quite a long time and then suddenly at 4 p.m., we see this huge candle and we can see that in total, the move was of about 400 pips.
In the same way that we got news relatively early from the Squawk, what I did is I was driving so immediately, my phone started blowing up with notifications and I was like I have to get in on this so I pulled over and I managed to place a trade.
So anyway, that's a quick summary of my last two weeks of trading. First, if you're sick, if you're not feeling well, stay away from your account because it causes more damage than good. And secondly, don't be driving when the election polls close because you will miss out on the biggest opportunity that's maybe been in this entire month. It's the biggest, easiest trade that you could have taken and I missed it which sucks but what's beautiful about the Forex market is that next week, the focus will be somewhere else and we will see some new moves and definitely some new trading opportunities. I'm extremely excited with how my account is growing right now.
-----
If you find this content helpful, you’ll love Forex Source.
There’s a link below were you can learn more about it https://bit.ly/2HFykNd
