ilmscore | Forex Trading For Beginners (Full Course)

Forex Trading For Beginners (Full Course)

Published: 2020-03-27
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
The Forex market trades an average of $5 trillion daily.
"on an average trading day the forex market trades five trillion with a t dollars"
Forex Market Size
Pending
Leverage in forex amplifies buying power by multiplying account balance by the leverage ratio.
"you have your account times the leverage you get in buying power"
Leverage in Forex
Pending
A common reason traders lose their accounts is using leverage, which significantly reduces the number of pips they can afford to lose before margin call.
"the reason most traders blow their entire accounts using leverage is because they only have 200 pips of risk"
Risks of Leverage
Pending
Margin calls typically occur around 80-90% of the account's capital being lost.
"margin call at somewhere around 80 to 90"
Leverage and Margin Call
Pending
Correct use of leverage allows traders to open more positions or larger positions with a smaller initial deposit, rather than enabling high-risk gambling.
"leverage allows you to be in more trades at one time and to put an initial deposit down of a small amount in order to purchase a larger position"
Proper Leverage Usage
Pending
It is crucial for traders to always use a stop-loss when trading with leverage.
"always use a stop loss if you're using a leveraged account"
Stop Loss Importance with Leverage
Pending
The speaker risks between 1-2% of their total account balance per trade.
"for me i risk between 1 and 2 of my total account balance per trade"
Risk Management per Trade
Pending
The EAP training program teaches a trading strategy based on six simple rules designed to provide an edge over the market.
"i created a strategy that only uses six simple rules to create an edge over the market"
EAP Training Program Strategy
Pending