How to survive when trading Forex markets w/ Joel Kruger

[@claudiarobinson1806]

You would think that getting started as a currency trader would cost ton of money. The fact is, when compared to trading stocks and options it doesn't.

[@christianrode8316]

With a little amount of cash, it is possible to start a trade and make profits.

[@princeholgate9325]

One cool thing about forex trading is that you can do it anywhere.

[@staceyconnor725]

There is no single price that is for a given currency at any single time. I need an expert trader to handle my trades.

[@princeholgate9325]

Whatsapp:[phone]

[@princeholgate9325]

The market is so huge and the competition between dealers is so fierce that you get the best deal almost every day. Advent of the internet has made it easier for you to get an expert broker/manager to sort your trade issues now.

[@BWT599]

This is a timeless interview. I first listened to this 2 years ago and revisited the interview tonight. I'm about 1.5 years into trading forex, you take in more insight when you gain more experience. Same interview...but I'm a different trader vs when I first started. So very true about how one feels.when they are winning (fear) vs losing (hope). Well done.

[@martincasasiii]

Same here

[@JustinSorci]

I have always favored the approach of, "be fearful when people are greedy, and be greedy when people are fearful." I was happy to hear that Joel shares the same view.

[@idbountyhunter]

You can read all the investment books, motivation books and watch all the youtube videos you can handle but unless you pull the trigger you are just procrastinating.

[@Napoleonicwarfare]

Got to pull it as per your edge

[@MYNEWMOKE]

"your not performing surgery the first day you go to medical school, its a process that takes time" he just explained trading in a nutshell. awesome interview. 13:41

[@ChatWithTradersPodcast]

+Clark's - thanks buddy!

[@deonjacksonjr]

This was a good interview the only time that I disagreed with is the belief that leverage is why traders fail in the FX market…. The truth is they fail because the don’t know how to trade, they also fail in the stock market and the futures market. If you blow your account because you couldn’t handle your leverage it doesn’t mean we need to regulate and take away the big leverage. You can’t trade. You don’t know what you’re doing or you do and you chose to gamble

[@sandradominguez2426]

"Keep the strategy simple. Simplicity is Genius." So very true!

[@Niners4Lyphe]

Listen to what he says about leverage. Just because a broker allows you to buy an entire LOT, it doesn't mean you should do so.

[@RTX94]

There's a misconception that the FX markets are more volatile. FX is the most liquid asset and moves are rarely more than 5% a day, which really goes against the high volatility argument. It's just that traders sometimes blow their accounts by over-leveraging.

[@ChatWithTradersPodcast]

+RTX94 you're right, that's the point Joel was making during this interview.

[@seanknowles4557]

Much less than 5% per day, actually 0.5%, thats half a percent per day.

[@bisayadong]

In fx.traders don't care about percentage..they care about pips..if you put 1 lot in eur/usd and the euro spike to 1000 pips you just earn 10k..because the equivalent of 1lot per pip is $10..and this can happen in a week or 3days...the problem with fx is the brokers that's why I stick with stocks..

[@relimatehteh1261]

You need leverage in order to trade. Most brokers make you trade minimum one micro lot which can easily be over a few hundred dollars that he recommend starting out. You just can't trade with 1:1 leverage. Also Aaron, i love all your efforts and interviews in your channel. Would love to see you interview more forex traders! so far this one is the only one you have.... Your channel is priceless to us traders all around the world. THanks

[@sistematico17]

Playing with the ATR indicator and taking only trades that I LOVE, are the two things I'm taking with me out of this interview. Thanks!!

[@AustinSilverFX]

This is a great interview, sucks there arent more people talking about Forex...There are so many different ways to make money in the Forex markets, Joel only explains how he sees the market. The market is all based on perception and everyones perception is different.

[@GrooveTheAlgo]

As an FX trader myself, this guy is very brilliant and I respect him. Easily my favorite episode

[@dengitpeter1]

I would appreciate it if there would be more forex interviews! As always, keep up the good work!

[@todd-7819]

`those comments on psychology are spot on, and the fact that as humans we tend to overcomplicate things.

[@johnb4091]

Great interview.. "retail traders tend to be optimistic in a losing position and fearful in a winning position" let that sink in 🥇

[@JPAll]

Aaron thanks for bringing these interviews to us. Joel Kruger - really good talk - one of the best interviews for me ..... thanks

[@ChatWithTradersPodcast]

+Jerry Pan you're most welcome Jerry, I'm pleased you like the podcast.

[@maheshw100]

"fearful of winning position & hopeful of losing position" this is so damn true, happens to me everyday with every single trade...why ? what's the psychology behind this, why are we hard wired with this crazy concept ?

[@merlin9083]

This totally resonated with me. First thing i wrote down from this interview

[@radrutkowski5630]

Same

[@darkether777]

I think its simply the way we're wired. We are not fearful as such, but more "cautious" when things look too good. And we have hope, when we see things are bad.

[@ryuxfx52]

I’m not. I’m incredible impatient with losing positions and patient with winning positions. I’ll tend to move stops quite aggressively if the market is moving against me

[@Stavrosg76]

awesome interview, I would like to hear more from Forex traders, bcs Im one of so many of them, as it is the biggest market in the world..

[@ChatWithTradersPodcast]

+JasonSt, here's another episode with a Forex trader, Blake Morrow: kzbin.info/www/bejne/f4vZmHutgsx0mbc

[@olegbezrukov6259]

any other Forex Traders coming soon? Tom Hall, Anil Mangal you can find nice top traders in trading view. Would be nice to hear from them. Appriciate your work Aaron. Long live your channel!!!!

[@howardhill3395]

understanding, patience, discipline, passion...great interview

[@pierrebrseven]

Joe your rule! Every forex trader should here this young traders great advise. Thanks Aaron for the interview and posting.

[@ChatWithTradersPodcast]

+pierrebrseven, so good to hear you liked the interview. Thank you!

[@wadisanaa]

the least self aggrandizing guest in the series-----and a wealth of information. Well done.

[@hamisintunzwenimana8083]

Good Technical 1. Big Picture / Fundamentals - Technicals

[@grumpyae86]

Great Interview. I notice several negative comments about unleverage on FX. Yes, you can not make money unleverage but all he said was to go unleverage for 6months to get a good feel of it not to make money.

[@ju4261-u5i]

Thank's for interviewing Forex people. Your Podcast has helped me a lot, even when it talks about trading stocks, i have used the information for trading in Forex.

[@confidentshoppercom]

The interview with Joel Kruger on trading the Forex Market wasextremely helpful and one of the best. Great questions that elicited deep answers. Thank you very much to both Joel and Aaron.

[@ChatWithTradersPodcast]

+confidentshopper123.com really good to hear, big thanks!

[@Cenot4ph]

Actually market movement on daily basis for Forex is maybe just 1 or 2% generally. If you compare this with the stock market where it can move well over 20-30% both ways there's actually less volatility in this sense.

[@custardclips7751]

leverage is the issue. people put too much money on the line for such little movement.

[@IsmaelAviles]

Good Interview and good insights! Two questions I would off ask: 1. His take on startup capital recommendations for Forex beginners. 2. Why going solo as self funded and not add portfolio management or similar endeavors? In summary, great show man...!

[@ChatWithTradersPodcast]

+Ismael Aviles pleased you like the interview, much appreciated

[@zdrux]

Adjust your trade size based on the account size you have. Having a bigger account does not make you a better trader. You can risk 1% regardless if you have $1 million account, or a $1,000 account.

[@sergios3638]

this guy knows what he is talking about Thanks a lot for sharing your experience with fx

[@NoCopyrightDance]

He has some great stuff to say but I noticed him saying 'you know' a few times and now i can't unhear it.

[@Wereallrelated]

Great great interview - genuinely comes across as a nice guy

[@marcinszczur4130]

The best interviews in the net with traders ! Great JOB! AAron

[@ChatWithTradersPodcast]

+Marcin Szczur much appreciated Marcin, big thanks.

[@beartrayand384]

2018. And this still makes sense. Great interview.

[@Niners4Lyphe]

These are great material CWT. I look forward to listening to others

[@ChatWithTradersPodcast]

+Niners4Lyphe, pleased to hear it! Enjoy ;)

[@dikeledimore7489]

Thank you Aaron & Joel for this,God bless ya'll

[@Therealltaken10]

He talks about over leveraging allot and he has a point? However a 1:100 leverage is fine I wouldn't suggest anything higher. But if you use stop losses correctly, then you can use the leverage to your advantage.

[@seanknowles4557]

It depends how much volatility your trying to capture, on average major FX pairs move less than 0.5% per day when looking at open to open returns, using 100:1 leverage on a 1000 dollar account would mean a 1% move in the market would wipe you out.

[@seanknowles4557]

When deciding on leverage you normally choose your gross exposure in an FX pair by position sizing. For example on a 5K account, you would leverage maximum 8x margin. Which would mean your max gross exposure for an account of 5K would be 25K. However, you wouldn't want to leverage 8x your margin in one position. So a per trade exposure for an account size of 25K would probably 8K max. This will seriously limit the risk of ruin and allow you to put on trades that have space to breath and capture as much volatility as possible.

[@arvztheya17]

Helped me a lot on my trading psychology part. Good job

[@beamerUSA]

Very informative. Not like giving false hope and easy money. I loved this interview.

[@hubertbrunner2915]

Great interview. Seems like Joel Kruger is a real level headed guy. To come to these insights it must have taken quite a number of hits before he succeded.

[@ChatWithTradersPodcast]

+Hubert Brunner, big thanks for listening.

[@TTTT-rw7xt]

Hey man, awesome channel, discovered it just now... Keep up the good work !

[@ChatWithTradersPodcast]

+TTTT great to hear, thanks! Just so you're aware, you can find a full list of interviews here: chatwithtraders.com/podcast/

[@virtnav5431]

I love your show please keep making more and more videos... this is the realist show of trading I've seen on youtube ...

[@ChatWithTradersPodcast]

+Virt Nav thanks a lot buddy, awesome to hear. You can find a full list of interviews here: chatwithtraders.com/podcast/ (I'm slowly adding them to KZbin).

[@andreasultimate9978]

this guy is talking about that forex trading we do in metatrader right?

[@johntungseth7262]

This is a Good Interview.. For New Forex Traders, and those who have been around the block.. I totally agree, with Mindset needed to be a Forex Trader.

[@ChatWithTradersPodcast]

+John Tungseth glad you enjoyed the interview Jon, thanks!

[@Reotha]

Love the interview, good knowledge he shared.

[@dj_sergiov]

Very sound advice from a seasoned FX trader. Many good points in this interview.

[@rodjames5771]

Thank you so much for sharing this interview. some amazing points to take on board and great interview.

[@alibabets]

Loved this interview

[@yosmuc]

38:32. Thank you for this great interview with so many valuable insights!

[@JuanCarlosDiazJr]

wheres ep 7?

[@ryuxfx52]

I wish more people would take about how to find an edge.

[@samuelsalib1822]

has anyone tried Jk on FX and had some measure of success in terms of trading?

[@ChatWithTradersPodcast]

+Samuel Salib - Hey Samuel, I'm personally not a subscriber to Joel's material (I'm not a FX trader), but I'm sure he'd be happy to answer any questions you might have - there's a contact form on his site.

[@samuelsalib1822]

Thanks for the response Roland

[@ChatWithTradersPodcast]

+Samuel Salib thanks for jumping in Roland. Samuel, you can also see Joel's track record here: jkonfx.com/tour

[@zaratustra00]

How can one talk about overbought/oversold for FX? And RSI? These are markets without supply/demand! Props for ATR this is the best simple indicator to manage risk, etc.

[@tuckebarry]

one of my favorite! seems like a genuine dude

[@2martino3]

Top notch podcast, this guy communicates with me well, interesting hearing his rate of trading and his analysis is similar to what I do.

[@yankeerose8870]

Thanks Aaron, keep it up with the great job!

[@Ballai363]

Hi. Do you know if there's a difference between ATR and ADR?

[@ChatWithTradersPodcast]

+Máté Ballai - there may be some subtle difference between the two, though I haven't looked into what that may be.

[@nauwzfx2095]

Loved This man!❤

[@CryptoGent]

Great intervju!

[@vickyhealion8566]

Great interview. Thank you for your insights!

[@brettslaterdebtmastery]

Nice work that was a great interview lost of help I'm about 3yrs in now and I feel like it will happen I have had a lot of up's and downs and time off when it's pissing me off. friends just think I'm crazy and I will never crack it F%^K them :)

[@ChatWithTradersPodcast]

+Brett Slater, I think many traders can relate to this sort of thing. Just keep at it man!

[@brentivhan1503]

Hеrеeе arе just а fееw оf the keу seееecrеts inside my INCREDIBLE trading software.==>twitter.com/b8646ca6a09262724/status/742671681655853056 Hоw to survivе when trading Fоreх mаrkеts w Jоel Krugеr

[@Shawk95]

Are you trading full-time or trying your luck while holding a regular job? Well, trading is a full-time business. Can't do it on the side.

[@JBellfx]

I disagree with this, but that's another conversation.

[@Chance411]

Weird. You can't trade forex without some leverage. Unless you have a 100k account. You just can't make any money. Also risk is what you make. Just because you have a lot of leverage don't mean you have to use it. You can open an account at some of the smaller ones with 100 to 1 leverage, deposit fifty dollars and trade pennies, if that is your thing.

[@brickstunram9391]

I agree chance. Needless to say, when you first start out say your first to second year of trading is the learning part: this is when you are your absolute worst. This is when you start out small and focus solely on becoming consistently profitable, not the dollar sign. I say these crucial years are when you begin saving to fund your account. Then you just optimize on your leverage, so I use leverage but to the max amount that my risk management rule will let me. So no more than 2% of my account at any given point.

[@radrutkowski5630]

Great Joel and Aaron awesome interview ;)

[@victorramirez5569]

My mentor in Forex is Jeff of think huge investments, an interview with him will be great! Regards.

[@Driveamericatubetv]

Awesome interview

[@Therealltaken10]

Awesome chat, insightful and useful information 👍🏼

[@ChatWithTradersPodcast]

+Therealtaken10, I'm pleased you got something from this.

[@darthforexvader7201]

but ´´you know´´(gets annoying!)

[@AlaghaAhmad]

Amazing session, very informative and helpful

[@PWNwallstreet]

I will do a interview!

[@Yeshua144]

Yes Love each trade. Thank you

[@nagibma]

Thank you Joel. Great advice !!!

[@mamunurrashid5652]

Thanks. Your channel is a gold mine.... :)

[@O.Ez8]

This is gold! Nice channel btw 👌

[@jackzhang8603]

Very good interview

[@ChatWithTradersPodcast]

+Jack Zhang - much appreciated man!

[@ztee100]

Thanks

[@lyveforms9994]

very informative, thank you

[@darthforexvader7201]

You know You know You know

[@JenniferBui]

Thanks guys :) good interview

[@hayprofilms]

The forex graph is random to the trader when you only have news and post graph movement at hand and so winning and loosing is chance wrapped in coincidence. Hayden

[@kazakman7772]

Aaron u da best

[@Shawk95]

The number one killer of traders is over-trading. If you keep your positions small, you will not have to close any position in loss.

[@ritzthedreamer8784]

Ashfaq Sheikh true sir .i need some tips if you could help me ?

[@Shawk95]

Ratulz ahmed. I trade Forex and CFDs, not individual stocks. While individual stocks can literally die, Forex always comes back. So, you can be patient even when the market goes against you. I can only tell you my trading rules: (1) Never go against the trend. (2) Never place a stop loss. (3) Never use oscillators like MACD, RSI, Stochastics etc. (4) Never go live without a couple of years of paper trading and a few busted accounts. (5) Never allow usable margin to go below 90%, and (6) Never take a loss (average down in a sensible manner without violating rule # 5).

[@liam-n8098]

Ashfaq Sheikh lord have mercy you say never use a stop loss , what happens when you’re working and you come back and your trade gone so far in the opposite direction and blows your account. Hell no,take advice with a filter lol

[@TheMakki9119]

embrace the leverage

[@PlasmaSlugg]

great work

[@ChatWithTradersPodcast]

+Alexander Cali thanks!

[@uzernam3]

Dude looks like Prince William lol

[@michaelbenjamin7512]

Here are just aa few оf the key secrеts inside myyy INCREDIBLЕ trading software.==>twitter.com/9a37a418ec4195228/status/822802098999951360 How to survive when traading Fоrеxxx markets w Jоel Kruger

[@aaronrazzaq1]

Forex signals and strategies provided by reliable Forex trading signals providers such as Signalskyline.com has been a great survival in my Forex trading investments. Forex trading strategy is a must before you start Trading Forex in the real market.

[@jediced.7786]

Positive word for Failure, should be 'to failfoward' .

[@DemetriRobles]

fx trader myself

[@bijanfletcher3937]

agh i disagree traders should have rights to leverage and margin.. traders should have the right to suck at trading ...

[@elusivesoul4818]

What about when USDCHF moved 3000+ pips in a day in Jan 2015 and people got wiped out within minutes with stop losses effectively useless. Deep and liquid market didn't help then?

[@arielletolome5036]

Those are called gaps. No one can escape gaps. It happens to stocks too. The reason for USDCHF is because the Switzerland government is trying to make their currency weak (because of inexpensive exporting/importing goods) but failed.

[@bobbybax2360]

CHF had a peg. The peg was taken away. Ergo, don't trade markets with a peg.

[@atibamaule]

Please interview FX_Pathfinder from MTI next

[@VG-ew4cn]

Everything he said was good until he said I like RSI and ATR. Bank traders do not use any indicators at all

[@ryuxfx52]

Banks traders do use indicators. Indicators aren’t bad inherently, it’s about the way you use them. Simply selling because the RSI is overbought and buying cause it’s oversold is a bad idea because all the indicator does is display price information and has no predictive power. The ATR is a fantastic indicator especially with setting stops intelligently by understanding recent volatility in a pair. Indicators should be used to supplement a strategy that is based on the objective echabjcs if the market. We know that price tends to revert to the mean, so we can use indicators like Bollinger bands to define extremes and averages of price and center our trades around price extremes, targeting averages in price. The indicator isn’t our reason for buying and selling, but it creates a useful framework in which to implement our strategy.

[@sadhansarker9945]

Do anyone know about Trabeplom System? Does it work? I hear many individuals earning cash in the fx trading with this popular forex system.

[@MaqhaweHlophe]

Great Interview. I'm a fan of FX as well. All he said is true.

[@ChatWithTradersPodcast]

+Maqhawe Hlophe, thanks for taking the time to listen.

[@rodrigoortiz5078]

Great!

[@ilyazaytcev4182]

He's just repeated Jesse Livermore's ideas, but anyway it's great stuff.

[@davidsloan8585]

you know? you know? you know?

[@malthus101]

t's like no one understands how to use leverage - even this so-called pro trader. Am I delusional or something? Leverage allows you to buy a big position, by borrowing the money to do so. But you still only risk a normal 1% of your own money. That's all it's for. You don't gamble the borrowed money, you use it to buy expensive products like futures of currencies which your small account can't afford.

[@DemetriRobles]

awesome

[@Dawsameh]

you know.......

[@Ibby_950]

37

[@recoverfromdrawdowns1272]

Good interview. Forex trading requires skill and finding the right strategy that work for you. In terms of drawdowns, it would be a wise decision to learn how to recover your account from drawdown. Stop by our channel to discover a strategy that would work for you.

[@TheAnkurp09]

More. Forex traders

[@djshocka2007]

🤑👌🏻