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A day trader is basically a person that comes in the market and that person is looking to
capitalize on short-term movements
...
When it comes to trading the market the demo allows you to practice
because if you just open up a live account and go straight in the market guess what you 're
going to lose your money because you are competing with billionaires millionaires math
Wizards scientists experts we 're talking about the smartest guys on Planet so you need to
practice first now let 's talk about a couple of Brokers that you can actually look into you do
n't have to use them
...
You have to know or at
least see some signs on a chart that will tell you okay you know what the market looks like it
's about to reverse now let 's go to the Whiteboard real quick
...
Price action is basically the patterns that the
chart makes when price goes up and down okay and that's what's going to help us create
that edge that we need for us to be profitable
...
When they collect more orders the market usually goes up depending on if you
see a decent buying at that zone now this is called Demand right and when the market is
going down it 's called Supply right and we 're looking for the market to react to that level
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When it comes to day trading you can actually trade up moves and down
moves you can make profits as the market is going down
...
We 're going to talk
about entries how to get in the market so let 's go now if you know me by now you know I
like to keep things as simple as possible
...
Every trade that you take is actually two times the risk so let
's say you're risking 100 you 're looking to make two hundred dollars the reason why you
want to do something like this is because
...
There are some Advanced strategies where you could risk more on certain trades right so
this is more for experienced traders that have stats to back up why they are risking more
some trades I risk a little bit more
...
The best thing to do is get your feet wet of course you want to go on demo
first
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If you're trading
Forex 3 A
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eastern time which is the London session is a great time to trade in New York
session that 's 8 a
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Every trade is not going to
be a winner but we can still win if we have an edge and if I winners is bigger than our losers
yes but we are going to have loses so we do n't want our losers to affect us so if you are not
used to losing 500 and let 's say for example you lose two trades in a row man that's really
going to get to you so you don't want to go up that fast you want to increase your size a lot