Welcome To
We Trade Waves !!
The world's number one Forex Forecast channel for Wave Analysis on YouTube helping thousands of traders to be on the right side of the trade EVERY SINGLE WEEK
Below You Will Find 10 "Forex Trading" Tips Which Will Help You With Your Trading...
Forex Trading Tip #1
Never Ever Think That The Price Cannot Go Higher Or Lower
Anything can happen in the market and never think that this is the lowest point or this is the highest point
Remember, market tends to make higher highs or lower lows until the structure gets completed
So, what is a structure? a structure is combination of waves
What is "Wave Analysis"? this will be covered in other Tips
You must understand that the market can do anything at any given time, this is why you must have a system that respects this risk
If you stay disciplined in the long run, you will succeed this is why you should not be scared of being wrong on any single trade because the fear of being wrong will lead you to avoid taking trades and it will have a huge impact on your ability to trade successfully
(Stick to your system and your plan)
And now, let's go to Tip #2
Before We Go To TIP #2, You Might Be Interested In Our Upgraded In-Depth Analysis Service (£20/month)
✔ Recording will be available for 7 days
✔ Mid week review analysis via email
✔ Trades of the week
✔ Trades of the month
The session will be LIVE via zoom where we will share our screen and explain directly on the charts and it will be recorded. The recording will be available for 7 days and will be sent out on Sunday at 6:00 PM UK.
Mid week review email will be sent on Wednesday at 6:00 PM UK explaining our bias during the week if the structure has changed for particular pairs, updates about the structural directions for the rest of the week or any other updates which we think could be important.
If you have any question send us an email to subscription@wetradewaves.com
From now onward, we will be posting charts on our TradingView profile every single week
so make sure to follow us there as well
"Click Here" To Follow us on TradingView
Forex Trading Tip #2
If You Do Not Use "Stop-Loss", One Single Bad Trade Can Wipe You Out!
On average, 90% of traders lose their money within the first 3 months
Why this is happening?
Most of them start to trade forex straight after they watch an ad that shows how easy is to make money trading forex, or after joining social media group/s or after they get scammed... So they start to trade directly without any prior knowledge or proper education and quickly they realise that forex trading is not easy so...
The difficult part? they realise that AFTER big loss or after they lose their trading account!
Instead of learning the correct way, they continue to trade and because they don't know where they should put stop-loss, they start to trade without stop loss!
Trading without stop loss = One Single Bad Trade Can Kill Your Account
Therefore, your assignment is to define your stop-loss placement prior to identifying your position size. In addition, your stop-loss placement should be determined by logic & a trading plan
Do not allow greed & fear control your emotions
How to do that? follow your system every single time, what if you don't have a system? create one or learn one...
And now we can go to Forex Trading Tip #3
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Forex Trading Tip #3
In Forex Trading You Are Dealing With (Probabilities)
You might have heard this before but below is our explanation:
Forex is all about choosing a trade with the Highest Probability Chance (HPC) of success. However, human intuition and common wisdom can be rather deceitful and lead to poor judgements
Anything can happen in the market (That means market can do anything at any given time, this is why you must have a system that respects this risk) and here we at "We Trade Waves" we have our unique system and are ready to pass that knowledge to you
There is a random distribution between wins and losses but due to the law of large numbers, if you have an edge in the market, in the long run, you will win... so what is an edge?
An edge is nothing more than odds tilted in your favor, so it's only a point where you know that you might have a higher probability chance of being right on what could be the next move in the market and this is where Wave Analysis kicks in "IF YOU LEARN IT CORRECTLY", and if you do, you will learn how to identify that edge
So what is "WAVE ANALYSIS"?
Wave Analysis is analysing the mass psychology of all market participants. What this means? Any transaction action or plan taken by all market participants (Including big banks, investment banks, big players, market makers, hedge funds, financial institutions, retail traders...) will be plotted on the charts! and this creates waves and structures...
When we talk about edge in forex trading, we mean a statistical edge
![“We Trade Waves” Forex Trading & Wave Analysis and our youtube channel, Forex Trading & Wave Analysis, “One Day, YOU will be exactly where YOU want to be, until then… KEEP LEARNING, KEEP WORKING & KEEP GOING.” If You Want To LEARN/MASTER Forex Trading & “Wave Analysis” check our Forex Course Page: https://wetradewaves.com/forex-course “Forex Trading” is a risky business, what we are sharing here or on any of our social media platforms is only our point of view on what could be the next move in the forex market and not trade signals... Trade with care. Weekly FOREX forecast is what we publish every week & more than 25 markets are covered! so if you want to learn more about forex analysis (Forex Trading), this is a great place for you. FOREX Trading [forex analysis] is a great business and In our experience, the best way to predict the next move in the forex market is by mastering “wave analysis” no matter what is your style of trading (day trading, swing trading…), this is why we trade waves [It’s different from Elliott wave] and we use our own advanced forex strategy. If you want to check our “Forex course” just check our website and go to our forex course page “Forex trading” concept and a forex strategy are all that you need, we have the same concept as Elliott wave and Dow theory that the forex market moves in waves but we have our own methodology and our own technical analysis techniques. In order to master forex trading and wave analysis, you need coaching and this where our forex trading course kicks in. “Forex Trading” career & make consistent profits out of it is something we can help you with. YOU must watch our technical analysis on youtube until the end because we always include “forex trading” tips in our weekly forex forecast (weekly outlook) no matter if you do swing trading or day trading... Wave analysis is all that we do, let me repeat: Wave analysis is all that we do here, check our last forex trading & wave analysis videos to see our accuracy. We provide “forex course” (Forex trading course) and you can check all the details on our website. Weekly forex forecast](/images/2019/08/22/forex-edge.jpg)
Have a look at below #Shorts videos to see how we are identifying the edge during our Sunday sessions
(We Trade Waves In-Depth Analysis Service for £20/month)
Due to the law of large numbers, if you have an edge, in the long run, you will win...
If you're trading without an edge (With random entries), you'd expect to have about 50% winning and 50% losing trades in the long run which is exactly what's going to happen if you trade OFTEN enough to allow the law of large numbers to do its job
You know now why trade WELL is BETTER than trade often?
The key point to take away from this is to understand that if you actually do have an edge in the market, in the long run you will win
Cool? Let's go to the Forex Trading Tip #4
You can find a lot more on our Traders Feedback page and social media platforms
Forex Trading Tip #4
Your Job Is To Protect Your Account First, Then Grow It
Not being in a trade doesn't mean you are losing money, you might lose an opportunity but always remember, market will keep giving opportunities so if you lose your account you might not have another one to trade so you have to act smartly here
This is what you should understand, when we say in our |Weekly Forex Forecast| about a particular instrument that if it goes down we will not sell it and the market goes down that doesn't mean we are losing money, that means we are losing 1 opportunity
And here is the thing, every day/week/month you will have opportunities in the market, learn the correct way to take advantage of them, we are not saying you have to take our course, you can learn alone or take any other forex online courses, it's up to you to decide what to do, all what we are saying, learn how to trade correctly first and than trade
Without a system, a plan, a strict set of rules, you might not survive some big moves in forex market when market goes against you
And now is the time for the Tip #5
Forex Trading Tip #5
What You Draw On The Charts Are Only Your Thoughts!
So...
What you are drawing as (Trend line, Fibonacci, Waves labelling... are only your thoughts and they are not market limits! this is very critical to accept and understand
EURUSD Chart With Drawings
EURUSD Chart Without Drawings
So do not expect us to keep updating you about our accounts status or give you forex signals, this was just one time to show you that Wave Analysis works and it will work on every single traded asset, this is why we are publishing our Weekly Market Forecast every single week on YouTube and most of you know that our Sunday LIVE Sessions are conducted on a weekly basis as well
Forex Trading Tip #6
Your Job As FOREX TRADER Is Not To Be Right, Your Job Is To MAKE MONEY From The Market!
You might be thinking now, what that means
The general perception is you must be right in the market in order to make money and if you are not right you will not make money!
But the reality is...
Forex Trading is a complex business and to succeed, you must have a complete forex trading plan and system in place which includes:
Analysis
Strategies
Money Management
Risk Management
Trade Management
Psychology
How to build a correct mindset
And more...
Now, if you are right in your analysis, that doesn't mean you will make money, like we explained earlier if you are right 99% of the time and one trade goes against you and you are trading without stop loss... you will lose everything on one single trade (Over risking without setting stop loss lever)
However, if you have a system with a good MM/RM/TM... You will be able to make money, your job as FOREX TRADER is not to be right, your job is to MAKE MONEY
Forex Trading Tip #7
Do Not Think That Every Time You Look At The Charts, You Should Click A Trade
Why should you create a trading plan?
A trading plan in FX market isn't really any different from any other trading plan you could imagine. It's an outline of your planned trading activities, something like a to-do list when it comes to trading Forex online
The main idea of a trading plan is to develop a set of rules that you are going to adhere to, and how you are going to implement them. Once you have the rules written, it is much easier to apply them as there is a clear plan of action on how they need to be followed
In addition to this, a trading plan can help you analyse the market better, and then apply your analysis to your trading strategy
A Forex plan can prevent you from making rash, irreversible decisions - something that is particularly useful when emotions start to come into play
A trading plan can stop you making silly mistakes, and allow you to evaluate your wins and losses
Makes sense? let’s go to the next Tip...
Don't Miss Out Our Trading Course
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Forex Trading Tip #8
Do Not Add To A Losing Position!!
Why you should never ever add to your losing trades?
Because you will be doubling and tripling your risk while you are thinking that you will recover fast! and very few traders know that or they will realise that after they lose big so print this TIP make is as posted in your office and always remember it
Also, by adding onto your losing trades you will go down physiologically which leads to failure in this business
In fact, to overcome this physiological issue we have a psychology class in our course to strengthen your belief and confidence in your analysis and trading
We hope you are benefiting from those tips, now we can go to Forex Trading Tip #9
Check Our |Chart Analysis| Page
Forex Trading Tip #9
Psychology Is Key, You Have To Build The Right Mindset!
Mastering your psychology will protect you from many losses along the trading development path. Not even Forex trading tips and tricks can guarantee your success
When you decide to become a trader, you should have already accepted the possibility of failure
In case you didn't – here's a reality check. You cannot make profitable trades 100% of the times, don't let false advertisements get in your head, either. Instead, be realistic about your Forex trading methods, profits and goals
In order to build a good mindset, you need to have the knowledge first, which means you need to learn the correct way and have a good system that you must follow no matter what
Now we can jump to Forex Trading TIP #10
Forex Trading Tip #10
Forex Forecast (Forecasting The FX Charts) Is One Single Part Of The Forex Trading Business!
A lot of people including financial analysts, experienced traders, CEO's... says you can never know what is going to happen next in the Forex market well, our YouTube channel and Weekly Market Forecast videos are the proof
In case you are missing our Weekly Forex Forecast videos which includes a lot of forex education tips and a lot more |CLICK HERE| to follow us and receive updates on weekly basis
So why did we mention it? because in our "Weekly Forex Forecast" videos we are sharing our point of view on what could be the next move in forex market based on our Wave Analysis & Market Structures
So coming back to our Forex Trading Tip, "Forecasting the charts is one single part of Forex trading business!”
If you know what could be the next move in the market, that doesn't mean you know how to trade that move
Analysing the charts and trading your analysis are completely different and majority of traders out there aren’t aware of it hence losing money! LEARN HOW TO TRADE CORRECTLY is the key
This is only one part since you have a lot of other parts too (RR, MM, TM, Strategies, Psychology, Execution....) and that is exactly what we teach...
By not taking too long explaining about this here, you can check our |COURSE| page
With that note, we hope you learned something new, subscribe to our YouTube channel and hit the bell icon to get a notification every time we post a video and follow us on all our social media platforms, FACEBOOK, TRADINGVIEW, TELEGRAM, INSTAGRAM & TWITTER
Conclusion
We wish that our "Forex Forecast" videos are helping you be in the right side of the trade and you are improving your forex trading skills
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If You Want To LEARN/MASTER Forex Trading & Wave Analysis, You're In The Right Place here at "We Trade Waves"
Forex Trading is a risky business, what we are sharing here is only our point of view on what could be the next move in the market and not signals...