12 Tahun Pengalaman trading forex dalam 18 Menit | TRADING MASTERCLASS

Summary

In this video, the speaker shares insights from their 12 years of experience in forex trading. Key lessons include the importance of starting with small capital, focusing on risk management, and developing solid trading skills before seeking larger profits. The speaker stresses that success in forex trading is not about big capital but mastering the basics, managing risks, and practicing disciplined trading. They also caution against borrowing money for trading and emphasize using 'cold money'—funds you can afford to lose. The video offers a clear roadmap for traders to improve their approach and mindset.

Takeaways

• 😀 Start with stable finances: Ensure you have enough savings or income before you begin trading. Without a stable financial base, trading can quickly lead to disaster.
• 😀 Small capital is enough to start: You don’t need a large amount of money to begin trading. Start small, develop your skills, and your capital can grow over time.
• 😀 Avoid high-risk borrowing: Don't borrow money to trade, whether it's from banks, friends, or loans. Trading with borrowed funds increases the risk of financial ruin.
• 😀 Leverage can amplify your gains, but it also increases risk: Understand leverage fully before using it in your trades, and use it cautiously.
• 😀 Gradual profit growth is better: Focusing on steady, consistent profits with small risk is more sustainable than aiming for big wins with large risks.
• 😀 Focus on skill development, not the size of the capital: Skills, analysis, and discipline are the core of successful trading. Don't rely on large capital to make profits; rely on your trading ability.
• 😀 Risk management is key: Never risk more than a small percentage of your capital on any single trade. High-risk strategies can quickly deplete your funds.
• 😀 Avoid chasing trends based on social media: Many social media traders showcase high profits, but their success often involves high risks. Stay focused on your strategy and don't follow risky trends blindly.
• 😀 Use 'cold money' for trading: Only trade with money that you can afford to lose. Trading with money needed for living expenses is a dangerous strategy.
• 😀 Monitor your trading progress with percentages, not just money: Focus on the percentage return on your investment, as it offers a better measure of your trading skill and progress over time.

Q & A

How long has the speaker been trading forex?

The speaker has been trading forex for 12 years.

What is the speaker's advice for those who are new to trading or have no capital?

The speaker advises those without capital to find a job and save money before attempting forex trading. They emphasize that if you cannot save money, trading might not be the right path for you.

Why does the speaker emphasize starting with a small capital in forex trading?

The speaker highlights the importance of starting with small capital to manage risks effectively. They explain that starting small allows for skill development, and over time, with better skills, small investments can grow into larger profits.

What is the speaker's perspective on using borrowed money for trading?

The speaker strongly discourages using borrowed money, such as loans or credit, for trading. They share their own experience of how borrowing money can lead to a complete loss and ruin a trading career.

What is the recommended risk management strategy according to the speaker?

The speaker recommends using a small percentage of capital for each trade (e.g., 1% or 2%) to minimize the risk of significant losses. They advise against using large percentages like 10%, as it can quickly deplete the capital.

How does the speaker recommend handling trading psychology?

The speaker suggests that traders need to manage their psychology by remaining calm, especially when facing losses. They recommend using 'cold money' (money you can afford to lose) for trading to avoid emotional stress from potential financial loss.

What does the speaker say about brokers and commissions?

The speaker emphasizes the importance of choosing brokers with lower commissions and spreads. They explain that high commissions can eat into profits, especially with larger trades, and recommend checking broker reviews before choosing one.

What does the speaker suggest about technical analysis in forex trading?

The speaker advises against overcomplicating technical analysis. They recommend focusing on the basics like understanding candlestick charts, support, and resistance levels, and avoiding excessive reliance on multiple indicators.

What does the speaker mean by 'cycle of learning' or 'cycle of down' in trading?

The speaker refers to the cycle of learning as the continuous loop traders go through when they search for new strategies or indicators. They highlight that many traders jump from one method to another without fully mastering one, which leads to repeated failures.

What is the importance of discipline in forex trading, according to the speaker?

Discipline is crucial in forex trading. The speaker stresses that successful traders are disciplined in following their strategies and not being swayed by social media or impulsive decisions. They also note that while it’s hard to stay disciplined, it’s key to long-term success in trading.