Mastering Price Structure with Japanese candlesticks will help you to be able to generate your own signals in forex but these are detrimental candlesticks mistakes you have to avoid in Forex. Subscribe, Like , enjoy the video and let me know on the comment section if you have any questions

GET A FUNDED PROP FIRM ACCOUNT NOW.
I Recommend This Prop Firm
Lionheart Funding Program LFP Get $600K Max Allocation & Scale Up To $2.5 Million
Get Account Here : https://lionheartfundingprogram.com/


Get My Complete Online Forex Trading Course Here: https://godloveuniversity.com/courses/

Get PATREX PRO Best Forex Robot Here: https://godloveuniversity.com/patrex...

Join My Free Telegram Channel Now: https://t.me/ndemazeah
Join My VIP Telegram Channel Now(3 To 7 Signals everyday): https://bit.ly/3tKdat5

RECOMMMENDED FOREX BROKERS
Looking for the Best Forex Broker?
I Use and Recommend These Brokers.
XM #1 Best & Biggest Forex Broker In The World With Highest Volume.
Sign up link: https://bit.ly/3tX28vY
IC Markets #2 ECN Forex Broker with Low Spreads
Sign up here: https://bit.ly/2W38hd2

Get The Best Forex VPS Here: https://bit.ly/3NZ6KNh

Email For Business Enquiries: [email protected]

❤ Join My Free Discord Community Now!:   / discord  

Follow My Instagram: https://bit.ly/3F8MzXq

#Ndemazeahgodlove #godloveforex #forex #candlestickstrading #japanesecandlesticks #priceactiontrading #ForexChallenge #liveforex #forexstrategy #forextrader #forexmistakes​​ #forextrading​ #japanesecandlesticks #forex #forexsignals
#secretforexstrategy​​ #forexmillionaire​ #forexcourse​ #forexlife​ #forexmoney​ #forexmentor​ #investing #scalping #forextips #crypto

Avoidable Mistakes Forex Day Traders Make

The foreign exchange market (forex) has a low barrier to entry, which makes it one of the world's most accessible day trading markets. If you have a computer, an internet connection, and a few hundred dollars, you should be able to start day trading.

If You Keep Losing, Don't Keep Trading
There are two trading statistics to keep a close eye on: Your winrate and riskreward ratio.

Your winrate is how many trades you win, expressed as a percentage. For example, if you win 60 trades out of 100, your winrate is 60%. A day trader should work to maintain a winrate above 50%.

Your rewardrisk ratio is how much you win relative to how much you lose on an average trade. If your average losing trades are $50 and your winning trades are $75, your rewardrisk ratio is $75/$50=1.5. A ratio of 1 indicates you're losing as much as you're winning.

Day traders should keep their rewardrisk above 1, and ideally above 1.25. You can still be profitable if your winrate is a bit lower and your rewardrisk is a bit higher, or vice versa. Try to keep it simple though, and develop strategies that win more than 50% of the time and offer a better than 1.25 rewardrisk ratio


⚠ NOT FINANCIAL ADVICE DISCLAIMER:
We have done our best to ensure that the information provided here and the resources available for download are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation that you should not consult with a financial professional to address your particular information. The Company expressly recommends that you seek advice from a professional.