Professional Forex Trading Course Lesson 1 By Adam Khoo




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Meinson Babu: Thanks Adam

Dedan Migai: Thanks a lot for the information.

Omer abdalaziz: i can't thank you enough Mr adam , i hope you will continue educate us
many thanks for you

Holden Mann: Is there any more videos on this ?

Diana Knight: Thank you Adam. This is a very good video. You are a great teacher. I've learnt a lot just watching your video.

Anderson Pedr0: Much helpful

Litsey Turkish: Where is ur 2nd lesson?

Abraham Quaicoe: Very big thanks to u Mr. Adams for such a fantastic information...Your efforts ar

Patryna's Writings: It's not playing?

David Backhouse: I already made $1683 today.. t.co/ojjzFryXoX

Zak Zakman: You know in forex, you need to buy quite a significant amount of currency to profit from a small fluctuation.
 That's why you have the option to use leverage of up to several times your account size to make a meaningful profit. Otherwise the profits would be tiny.
How much are you willing to risk in order to make a 2% gain? Are you willing to expose several times your account size to make it? (Remember, when you trade, you buy a massive amount of currency, then wait for it to change a bit, then give it back, and you keep the difference. So are you willing to borrow massive amounts of currency, typically up to twice your account size to make 2%? One could only hope the market behaves before giving it back.)
These facts must be considered and fully understood before deciding to trade.
You can use a stop loss to limit your losses to say a maximum of 3% (intended). It's up to the broker's ability to fill the stop order at the intended price. Usually, and under normal conditions, the broker fills the stop order perfectly.
We've experienced a market crash in 2008, and another one in 2000. That's two crashes in the lifetime for many of us.
If we trade on a daily basis, and we keep our accounts exposed (as explained above with leverage), then it's a matter of time before we could run into another one of these crashes, which seem to happen quite several times in a lifetime. We need to be prepared.
During a crash, (or a correction which occurs more frequently, or a calculation error or some spike) the price of a currency can simply just close several orders of magnitude below your stop loss. There's nothing in between. The broker then unfortunately has to fill your stop loss at this price. (Unless you've insured your position with a guaranteed stop loss, which is more expensive. The broker then has to pay you back the money up to the value that you would have got at the stop loss. Then it's up to the broker's ability to pay out your insured position (after having to pay many other customers like you.)) Now when this happens, then, say you have an account of $1000 and you just opened a EURUSD position at 1.2200. Your stop loss is at a reasonable 50 pips below current price, ie 1.2150 stop loss. You want to risk "2%" of your account for this position. Therefore, if you buy x amounts of Euros at 1.2200 USD, and sell it at 1.2150 USD, you want to lose a maximum of 2%. That is $20.
$20 = x(1.2200 - 1.215)
x = 4000
You need to borrow 4000 Euros at 1.2200 USD.So you must borrow 4880 USD to make that trade. That's almost 5x your account size of somebody else's money. Are you risking only 2% or are you really risking 488% ? Be sure to give it all back in one piece! Know everything about those spikes and crashes! Don't put your life savings into one account. It could take you 5 lifetimes to get it back.
Now, during a crash or a spike, a currency could lose 20% of its value. Then you might get a close at 0.9760, which is far below stop loss. How much would one lose in that position?
Loss = 4000(1.2200 - 0.9760)Loss = 976 USD
In this case, a trader would have nearly wiped his account. Fortunately, he only risked "2%".
In forex, you can make or lose money in both directions, and perhaps in a crash, you could even make plenty of money, if you were on the right side of the market. But would you take a 50/50 chance with somebody else's money that's several orders of magnitudes as much as yours?
Consider how dangerous it gets if you trade with 10:1 or even 50:1 leverage! Ten to fifty times your account size of someone else's money. Which is very common. If this doesn't scare you, nothing will. If you lose the broker's money what would happen? They probably would want it back right? Lol, be prepared to sleep on the floor.
Just know the risk before you start. A crash might only happen a few times in a lifetime, but if when trading on a daily basis, the risk of running into a crash increases daily.

Felicia Angelie: Thank you for such a useful information and clear explanation! God bless!

CAROLUS MAGNUS: very helpful to those newbie traders like me, thanks for all the info sir and God bless.

Tiago Melo: where are all of the other lessons?

Eric Masalu: very comprehensive video!! You are a good and generous trainer!!!!

Aadam Mohamed: Thanks Adam

Nikola Lukić: There are many components to learning to cash in on foreign exchange markets quickly . A place I discovered that succeeds in merging these is the Easy Exchange Blueprint (google it if you're interested) without a doubt the no.1 treatment i've heard of. Check out the extraordinary info .

Watch Yourself: With an investment of USD 200, as an EXPERT, you can expect to gain USD 12 a year, so... GO FOR IT!!!

Shepherd Charikinya: God bless you Sir Adam Khoo

Jibon Ali: I trade with Forex4you, because it is well known by all, so I can trust them easily. The best thing of this broker is that they organize some seminar programs for their customers by which the traders are mostly benefited. Maximum traders feel some problem when they are trading but they don’t know how to recover them. But I am lucky because I got this broker they answer all my quarries when the seminar held.
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Professional Forex Trading Course Lesson 1 By Adam Khoo 5 out of 5

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Latest Comments

Meinson Babu: Thanks Adam
Tonyblack: I have recently finished building this kit myself and have mixed feelings about it. I have to say that this was the first Academy kit I have built and I'm only recently getting back into modelling. On the plus side, it is beautifully moulded and looks great when it's built. But I had some problems with the plastic that became almost molten when I added Tamiya Extra Thin. I would advise caution and use only sparingly. The commander's cupola seemed over complicated to me and was not easy to put together (at least I didn't think so) and the wheel assembly - especially the rollers, didn't seem to have decent locating holes. I ended up having to use super glue as the wheels were turning into rubber with the liquid cement. I'm putting these problems down to my own inexperience and, if I was to build it again, I would be more prepared. I will be interested to make another Academy kit so that I can compare. Thank you for the review - most enjoyable.
Антон Тимошин: добрый день, а вы не пробовали ежами рыхлить междурядье? я смотрю они и пропалывают и рыхлят неплохо, хочу себе такие сделать, а еще сделаю такие же колеса узкие для окучника.
Kam John: Are classic more floppy
Andy Andersson: И в продаже нет
Cole Conner: 45th anniversary was 2009. 2010 is a completely different car. Great car and cool video though.
Paddy Theosophist: Don't go anywhere near that website cited below folks!

Professional Forex Trading Course Lesson 1 By Adam Khoo