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Forex Trading: A Very Simple Way To Trade

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  1. Mustafa Gulam

    February 18, 2018 at 7:09 pm

    Hi Buddy You said on one of the comments that Trading is gambling i found this do you think this is true Please read this and let me know.

    I disagree. The definition of gambling has a different meaning historically than the way many use the term today. Originally, gambling was a wager or bet on an uncertain event or outcome which was entirely based on chance or luck; a draw from a lot based on luck, etc.

    If you're throwing darts blind folded trying to hit the bulls eye then that is pure luck. However, a professional thrower without a blind fold would be more based on skill and not chance. Almost all businesses or professionals are only separated by one thing than all those who fail and it is edge. They find their edge and they remain consistent in that edge. If you have an edge then it is not luck. Edge is a matter of success or failure. It's the divider.

    Trading is speculation, but speculation is not solely based on chance or luck. I would not say it's the same thing as gambling however. They have something in the market called spread betting and that would be gambling in the most complete sense of the word because that is entirely based on chance and not skill.

    If someone professionally speculates in the markets by buying or selling, they have a goal to get a specific set percentage or profit and they risk a certain set percentage. Their actual success is based on A) risk mitigation, B) indicator/chart reading, and C) overall skill. That is their edge. They risk less than they make. This edge is what separates them from losing traders, and lastly, gamblers who spread bet, etc.

    However, if someone was randomly getting into trades in the markets then they would not be using skill or edge but pure luck to guide or dictate when the trade is made and when the loss or profit occurs.

    Speculation has been around for thousands of years. Back then people would barter currencies for profit and other goods. It's really no different. It's not exactly the same thing as gambling. If you have an edge then it's not pure luck, if you want to go by the historical or strict definition of betting or gambling. To gamble you also would place a wager of some kind. Buying and selling currency no matter how long you hold it for is not a wager.

    By that same definition of trading being gambling, buying gold coins and selling a few months later for profit or flipping homes would also be considered gambling but they aren't. They're speculation. Flipping homes really isn't any different than trading. The prices of gas fluctuate daily. I could literally buy gas and sell it a few days later for profit or loss. That is speculation. But it wasn't a gamble because you waited for the prices to increase. There is an actual difference. If you go to Central America you'll see people who's stand outside with calculators exchanging and trading US dollars with their currency to travelers with a spread profit. They do pretty much the same thing Forex traders do. They just don't have a moving chart they trade off of which is really what gives it "casino" feel, perhaps. Trading is really just a more evolved form of bartering. Trading is its own category. And trading has been around for thousands of years. The Romans trader currency as well. Trading is what helps determine market value and keeps the markets liquid as well.

    Lastly, having a backtested robot that constantly wins each year is due to having a specific backtested strategy that works. That's not luck. That's backtesting and finding a strategy that works based on math and probabilities, not luck. Using a robot to take blind trades for you with no backtesting would then be luck and thus gambling.

  2. Isaac QuCh

    February 18, 2018 at 7:09 pm

    And yo this looks like a saucer

  3. Isaac QuCh

    February 18, 2018 at 7:09 pm

    Hey Akil , i'm not even your student but your videos have improved my trading significantly. I trade alot less because i wait for the best set ups. Also my trading is alot more structured ! Yesterday i caught 81 pips on my first trade on live . If you want to check it out go on my instagram @isaacthequach . I posted a pic

  4. Hayden Harris

    February 18, 2018 at 7:09 pm

    re Cypher pattern…….Try predicting the future rather than relying on the past for data! I have recently found hundreds of teachers like your self and not one has justified their modes operandi with anything tangible. I am sure that you are a real nice guy but what is this all about lol

  5. Francisco Tamashiro

    February 18, 2018 at 7:09 pm

    Great video, the way I like to use Fib extentions and invertions clusters ONLY when is sitting on 161.8 or a 200.0 ( invertion or extention ) and then cluster all the fibs around that particular level ( retracements structure, harmonic moves etc ) I LOVE that kind of trading, sad enough I havn't back test it yet. I think that is gonna be my next years project. and RIGHT NOW I'm not sure how to backtest it… its kind of subjective so I'll have to create some rules to get rid of that subjectivity. By the way My harmonic trading is going EXACTLY as planned 😀 the forward testing is doing GREAT the equity curve is matching the backtest's performance 🙂 58% return till today. I'm so happy 😀

  6. Magoshi

    February 18, 2018 at 7:09 pm

    Have you made $1,000,000?

  7. codehammer10

    February 18, 2018 at 7:09 pm

    Hey bro awesome video. very helpful and your by far one of the best traders out there. everything was good until you said "go cowboys" lol

  8. Carbon FX Trading

    February 18, 2018 at 7:09 pm

    Cool stuff again!!

  9. prince lechero

    February 18, 2018 at 7:09 pm

    only a few months ago i had no idea wat u were talk about lol

  10. Graham Monteleone

    February 18, 2018 at 7:09 pm

    Binary option trading have always been my go to thing when my other job isn't paying well and I always found it really difficult to find time for this but after I started using this app ( Details post >> ), not only did it give me a lot more time for my regular but with time I was making enough to not continue my regular job. Things would have been a lot different today if I didn't use this app as early as I did.

  11. Naim Mehyar

    February 18, 2018 at 7:09 pm

    hi, what is the name of software that u use, its a amazing tool, can anyone tell me the name of software??

  12. Akil Stokes

    February 18, 2018 at 7:09 pm

    Hey Morshedul, it looks like your setup so I can't reply to your question, Hopefully you see this. There's no simple answer to that question as it will also depend on your trading portfolio. If I had to pick one I would say the Cypher pattern since overall that has the highest win percentage, but again it depends ont he portfolio of pairs that you are using since some patterns work better on some pairs where others work worse.

  13. Morshedul Alam

    February 18, 2018 at 7:09 pm

    Mr Akil stokes@ I have gone through Scott Carneys volume 1 and 2 about harmonic trading. I am going to ask a straight forward question that is which are the patterns would you like to recommend for trading in 4 hour timeframe. According to your experience which patterns were profitable. thanks waiting for your reply.

  14. Md Ibrahim Manik

    February 18, 2018 at 7:09 pm

    Hey Akil, I saw a lot of technical videos, but I like your all technical analysis videos. Akil, You said that the economy Book please tell me exactly which economy book i wil read. you said at the book's name for me then very well for me. 

    Best Regards,
    Ibrahim Manik.

  15. Daniel P

    February 18, 2018 at 7:09 pm

    Love this video

  16. Roni Hatuka

    February 18, 2018 at 7:09 pm

    beautiful! clear explanation! Thank you!

  17. My Name Is Jeff

    February 18, 2018 at 7:09 pm

    Love it, you're the best

  18. XdmsT

    February 18, 2018 at 7:09 pm

    Hey Akil do you have any tips or lessons on how to understand fundamentals because im terrible at the fundamentals? I now have a technical basis with a consistent plan that i trust. Your teachings really helped me a lot in that. Thank you and i wish you the best in 2015.

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