This Strategy Will Save You 5 Years of Forex Trading

  Рет қаралды 95,930

Michael Bamber

Michael Bamber

Күн бұрын

Пікірлер: 176
@MichaelBamber
@MichaelBamber Жыл бұрын
Key video that I wish I’d have seen when I first started!
@slimbou_
@slimbou_ Жыл бұрын
Thanks Mike for all the value you've been giving us 🙏🏾👑
@MichaelBamber
@MichaelBamber Жыл бұрын
@@slimbou_ You’re very welcome 🙏🏼💙
@justAna333
@justAna333 Жыл бұрын
@@MichaelBamber sorry, do u have your own community that can b joined, thanks
@justAna333
@justAna333 Жыл бұрын
@@MichaelBamber And please can u make more similar videos like this, as this one I will repeat few times for sure, so gooood, thank you.
@MichaelBamber
@MichaelBamber Жыл бұрын
@@justAna333 okay mate! Another one coming soon 🔜
@Rootbeersupreme
@Rootbeersupreme Жыл бұрын
Bin in it for 4 months now. It’s just crazy how you see all these videos and still catch yourself doing these dumb mistakes. It’s like you forget everything when in a loosing streak. I really felt that sentence "It’s hard but it’s actually easy" with hard being the mental aspect and easy being the strategies. Good video man 🙏🏾
@MichaelBamber
@MichaelBamber Жыл бұрын
Exactly brother! Thanks mate ❤
@benniemann5519
@benniemann5519 Жыл бұрын
hiw are the strategies easy... my problem isnt my mental, my problem is not finding an edge after backtesting hundreds of price action strategies
@philndoro3910
@philndoro3910 Жыл бұрын
@@benniemann5519 Jack of all trades Master of None.
@LeviTorrance
@LeviTorrance Жыл бұрын
What you need is a daily tutorial and mentorship with a high margin profit trader I’m planning to start my tutorial soon i have been in the game for 3years and my success story is more than the L
@simaoluis5598
@simaoluis5598 Жыл бұрын
I solved overtrading problems by trading only one pair and one trade daily.
@remora8829
@remora8829 Жыл бұрын
The most important rule for me i call OTAD (One Trade A Day). one shot and no matter the outcome (win, loss, break even, miss) walk away, come back tommorow. You know you only have one shot for the day...and you try to make the most of it..which means seeking quality trade. it also limits you max daily loss. it teaches patience. you not gonna get rich in one day taking dozen trades. it gives you the time-gap needed to recover from the emotional tilt and re-center yourself...be emotionally sober for the next trade. it also gives the time-gap needed to learn form you trade and extract lessons you take into your next trade. so much simpler review on journaling... countless more benefis...try it out guys. it solves 99% of the problem. Profit is the space between the trades.
@MichaelBamber
@MichaelBamber Жыл бұрын
I like that mate! 🙏🏼🫡
@dagvgxdfgtcgbdrthftgbd9062
@dagvgxdfgtcgbdrthftgbd9062 Жыл бұрын
Thank you . I’m doing the same thing and it really works . With consistent methodology
@ShackMT
@ShackMT Жыл бұрын
This is exactly what I needed thank you. I passed my first 100k challenge first try. I’m funded but things changed for me. Idk what happened but this definitely helps a lot thank you
@MichaelBamber
@MichaelBamber Жыл бұрын
Boom! I’m glad! Like I said in the video these rules are crucial for longevity. Get them in place 🙏🏼
@domosilv1365
@domosilv1365 Жыл бұрын
You think like me when it comes to trading. Calculated , its not just about getting the trade or setup its about how manage the losses and the wins. Especially the wins !
@TRADE-RUNNER
@TRADE-RUNNER Жыл бұрын
Thank you Michael. Your experience and insight is invaluable! I have my own 4 consecutive loss rule - and that single one alone made a massive difference! Hope all is well - congratulations on all the continued success 😀
@MichaelBamber
@MichaelBamber Жыл бұрын
Thank you brother ❤ Hope you’re well man!
@Knight-gs4fn
@Knight-gs4fn Жыл бұрын
Saved the video to a playlist, took the notes of it, trying to imbibe it in my system. Thanks a lot man. ❤
@MichaelBamber
@MichaelBamber Жыл бұрын
Boom! Love it 💪🏼🙏🏼 welcome to the 1% of people that actually apply 🫳🏼🎤
@rovicabejuro6329
@rovicabejuro6329 Жыл бұрын
Thank you for the tips! It really helps me a lot to understand more about forex trading as I am still on the learning phase
@hkproject7219
@hkproject7219 Жыл бұрын
I am as well. Are you trying to look for a trading company that might help you to start trading? Cause I am looking too, so far, nothing really catch my attention
@CatrinHart
@CatrinHart Жыл бұрын
​@@hkproject7219 Happy to hear this from you. People tend to underestimate the importance of having a financial aid in a business that involves your own money as the source of investments
@dwanelee1980
@dwanelee1980 Жыл бұрын
This is exactly what I needed to hear, I passed both phase's of my 100k challenge with one trade each, so got my funded account but got a hard breach without getting a payout, So I bought a new challenge the same day but have been on tilt since, still thinking about the silly mistakes I made with the funded account I blew. So I’ve decided to leave the current challenge for a few days to sort my head out. Great vid
@MediaEdits2701
@MediaEdits2701 Жыл бұрын
how much did you earn for yourself from the challenge do you keep any $??
@lakesidestorageparkptyltd814
@lakesidestorageparkptyltd814 Жыл бұрын
FANTASTIC... Great value vid here Michael. Very important messages on Risk. Cheers, James.
@MichaelBamber
@MichaelBamber Жыл бұрын
Thank you 🙏🏼💪🏼💙
@ssb3955
@ssb3955 Жыл бұрын
Valuable video broski, you have a very respectable manner of speaking and presenting yourself
@MichaelBamber
@MichaelBamber Жыл бұрын
Thank you man 💙
@manti97
@manti97 Жыл бұрын
wow, you are so underrated. KZbin recommended me this video and it is exactly what i am currently missing. Risk management and discipline. I got all the trading knowledge i need to be profitable and i know that my model is working. But when losing i REALLY want to make back my losses and keep entering and stacking because i dont want another red day. I will absolutely try out your rules, because i think they will lift up my trading to the next level. thank you!
@MichaelBamber
@MichaelBamber Жыл бұрын
Thank you I’m glad KZbin recommended this to you! Much love 💙🙏🏼
@benniemann5519
@benniemann5519 Жыл бұрын
So your model is truly working? whats your winrate and average R:R in the long run? Since i backtested many ict and price action strategies and none was decently profitable. Would be very interesting to know!
@fxjournalid
@fxjournalid Жыл бұрын
Currently on drawdown period and just about to lower my risk but still not so sure whether I should really do it or not, but after watching this video I got so much clarity!💎 Thanks michael 🙏✨
@MichaelBamber
@MichaelBamber Жыл бұрын
You’re welcome brother ❤
@mashhud10
@mashhud10 Жыл бұрын
This is a very concise video bro helpful and insightful 🙌🏽🙌🏽🙌🏽
@MichaelBamber
@MichaelBamber Жыл бұрын
Thank you brotha 🙏🏼💙👌🏼
@elliotcrisp2571
@elliotcrisp2571 Жыл бұрын
Solid advice brother - wish I knew this when I started!! Serious gems 💎
@MichaelBamber
@MichaelBamber Жыл бұрын
Thank you brother 🙏🏼💙 hopefully speeds up the journey for people who apply!
@sandwichsushi5956
@sandwichsushi5956 Жыл бұрын
Appreciated for this valuable content, blessed!
@MichaelBamber
@MichaelBamber Жыл бұрын
You’re welcome 🙏🏼💙
@tomaszmosak
@tomaszmosak Жыл бұрын
Literally a blueprint to success! Wish I had these gems when I started out 👀😩
@MichaelBamber
@MichaelBamber Жыл бұрын
Thanks brother and I know me too, would’ve sped things up for sure!
@keithclark2400
@keithclark2400 Жыл бұрын
Great video! And I see the “Represent” T-shirt. #TransformationNation
@MichaelBamber
@MichaelBamber Жыл бұрын
Thanks brother and yeah 🙏🏼
@Ioana020
@Ioana020 Жыл бұрын
What a great video! Thanks
@rileygshep7606
@rileygshep7606 Жыл бұрын
ICT does have a risk system where you cut your risk in half if you take a loss and only increase it after you recovered half of your drawdown
@MichaelBamber
@MichaelBamber Жыл бұрын
Sweet good to know!
@rileygshep7606
@rileygshep7606 Жыл бұрын
@@MichaelBamber it’s in the market maker primer course on his KZbin
@Hakims2003
@Hakims2003 Жыл бұрын
Hello there am just starting to learn and practice about forex what's your thoughts on market maker primer course if you have any other thoughts or suggestions I'll be soo thankful if you'd let me know ❤️
@benjaminlombaert1998
@benjaminlombaert1998 Жыл бұрын
Subscibed just with this first vid i watched. Nice psychology, respect
@MichaelBamber
@MichaelBamber Жыл бұрын
Thank you brother ❤️
@Fernando-zc1ci
@Fernando-zc1ci Жыл бұрын
💪🏼Amazing brother great content 💯
@MichaelBamber
@MichaelBamber Жыл бұрын
Thank you Fernando 🙏🏼💙
@gpgis
@gpgis Жыл бұрын
Thanks for uploading. Subscribed.
@MichaelBamber
@MichaelBamber Жыл бұрын
Boom! Welcome to the fam! Appreciate it mate 🙏🏼🙏🏼
@Lookingaroundtube
@Lookingaroundtube Жыл бұрын
Michael you are amazing, you have been such an inspiration and help during my journey, wish you sooo much success and the information in this video is priceless
@MichaelBamber
@MichaelBamber Жыл бұрын
Thank you so much man same right back at you ❤
@maximosh
@maximosh Жыл бұрын
Max 2 losses in a day is a great trading rule. Sometimes though you can get a full stoploss and a smaller loss, or even 2 smaller losses if you trail positions based on volatility. So i adopted a similar rule. If losses total 2x 1% 'or your initial risk' then stop for the day, otherwise another trade is allowed today, if it's less than your daily risk%. The daily management prevents the market taking too much from you. That is within your control. 🤗
@hassandj133
@hassandj133 Жыл бұрын
Never get 3 loses in Row but I just find here what I was missing. Which’s.. not having fix RR… thanks mate as usual..
@MichaelBamber
@MichaelBamber Жыл бұрын
Sweet no worries mate! ❤
@kaiotto8385
@kaiotto8385 Жыл бұрын
Appreciate the information 💪
@MichaelBamber
@MichaelBamber Жыл бұрын
You’re welcome ❤
@macrodoctor_
@macrodoctor_ Жыл бұрын
Really insightful. Thank you
@MichaelBamber
@MichaelBamber Жыл бұрын
Welcome
@ThibsTrd
@ThibsTrd Жыл бұрын
pure gem ! 💎
@MichaelBamber
@MichaelBamber Жыл бұрын
Thank you glad you liked it!
@bamm3967
@bamm3967 Жыл бұрын
Wow them some good fucking tips brother. Please your mental is everything!!! Sometimes it's good just to take a few days off. Enjoy life and go back later to see where things gone wrong. Sometimes you just to late or to soon to the trade. Never traded forex before but been trading stocks for years now. And man the red days can get to you but them green days baby. That's gonna pay the bills if you do not let it break you down. Good video man!
@MichaelBamber
@MichaelBamber Жыл бұрын
Thank you brother 🙏🏼💙
@callumcollins8767
@callumcollins8767 Жыл бұрын
disagree with having different risk on graded set ups. if you have an entry that is 60-80% SR 3R TP for example this would make sense to risk 1% but then maybe you have a 25- 40% 8R-10R TP. this would make sense to risk less
@MichaelBamber
@MichaelBamber Жыл бұрын
Fair point mate! You do you. Obviously just stating how I run things but yeah that’s a fair point and if it works for you continue it ❤
@LeviTorrance
@LeviTorrance Жыл бұрын
Been a financial trader (crypto and forex trading) for over 3 years and it has been a successful journey planning on starting my tutorial classes soon
@2wenny2
@2wenny2 Жыл бұрын
cheers man👍
@MichaelBamber
@MichaelBamber Жыл бұрын
@lightkirsche
@lightkirsche Жыл бұрын
Max loss and Tilt the most critical pitfalls of day trading ... right on.
@MichaelBamber
@MichaelBamber Жыл бұрын
Exactly mate! Well spotted! 😊
@60seconds529
@60seconds529 Жыл бұрын
Thank you, wonderful trading for you too
@eggspanda2475
@eggspanda2475 Жыл бұрын
most pros would also tell you to add to winning trades 👍
@sirbussongo4490
@sirbussongo4490 Жыл бұрын
Thank you mr
@MichaelBamber
@MichaelBamber Жыл бұрын
You’re welcome!
@TomoJSnapey
@TomoJSnapey Жыл бұрын
Gold 🔥🔥🔥
@MichaelBamber
@MichaelBamber Жыл бұрын
Thank you brother! 💙
@xrzoro1084
@xrzoro1084 Жыл бұрын
Thank You Bro 👌
@monenoz7909
@monenoz7909 Жыл бұрын
2 or 3 attemps on 1 trade idea happens when i try to catch a sniper entry. Would be ease of mind if i can just put SL on the invalidation point, meaning not a big rr trade. Most of the profitable traders i know, who manage big account do that. They dont trade for big rr to show off, but to be profitable. Thanks!
@MichaelBamber
@MichaelBamber Жыл бұрын
Exactly, and that is the key. Like you say most of the profitable traders have a common ground there.
@justoneearth505
@justoneearth505 19 күн бұрын
Where did you learn the strategy? I need to learn from The person/people you learnt from.
@viosca238
@viosca238 Жыл бұрын
I do 0.3-0.4% risk on Challenge Phase. And 0.2-0.25% for Funded . My range RR is 6-10 . Anyway , do more psychologycal video like this . Me like it . Cheers
@MichaelBamber
@MichaelBamber Жыл бұрын
Love it mate and I will do ❤
@Eniola_Trades
@Eniola_Trades Жыл бұрын
Thanks a lot Just gave you a sub
@Saad_ict
@Saad_ict Жыл бұрын
Pure gold knowledge definitely will watch this again thanks for the knowledge been following you for a while now love your energy mate!
@MichaelBamber
@MichaelBamber Жыл бұрын
Perfect and thank you very much mate appreciate it ❤
@legendamv1591
@legendamv1591 Жыл бұрын
how many hours from the London and New York open
@an742_
@an742_ Жыл бұрын
For your daily max loss and the 2 attempts for a trade idea, would losing both attempts on a single trade idea mean you're done for the day?
@MichaelBamber
@MichaelBamber Жыл бұрын
Yeah exactly that!! ❤
@michaeldagadu
@michaeldagadu Жыл бұрын
Thanks Michael
@aziiris5448
@aziiris5448 Жыл бұрын
I am also trade on just 2 correlated pairs EURUSD GBPUSD but I found the rule when can I see the which one of them will go to my TP faster it means if they go against me: for example I trade EURUSD it better now then GBPUSD but if price goes against me the GBP will go to SL faster I close my position on EURUSD before it hits SL
@Petefx25
@Petefx25 Жыл бұрын
Great video
@MichaelBamber
@MichaelBamber Жыл бұрын
Thank you Peter 🙏🏼🙏🏼
@IfexcoPlus
@IfexcoPlus Жыл бұрын
Thank You
@MichaelBamber
@MichaelBamber Жыл бұрын
You’re welcome!
@Decouto1
@Decouto1 Жыл бұрын
Great risk system
@theinfamousfrog4663
@theinfamousfrog4663 Жыл бұрын
I got the same rules lmao Down 2R or more on the day stop trading If making trades on related assets, one must already in a positions were Stop is BE (Long EU, Short UJ) 4% Drawdown, Half Risk If placing a trade within 1 hour on the same ticker, stand up and take two diaphragmatic breaths, Max 2 tries per idea
@MichaelBamber
@MichaelBamber Жыл бұрын
Hahaha absolutely love it. Great rules mate 🙏🏼😮‍💨👌🏼
@AzontoTrades
@AzontoTrades Жыл бұрын
Hello Michael, where did you buy the "Focus" neon light from?
@MichaelBamber
@MichaelBamber Жыл бұрын
Hey mate, it’s from ‘Custom Neon’
@francosfusion
@francosfusion Жыл бұрын
I’ve been trading and have good profits but my equity didn’t increase with profits. Would you know why that is?
@nikola4539
@nikola4539 Жыл бұрын
Do you manually calculate lots to risk 1% before a trade or you got some some app/software that does that?
@MichaelBamber
@MichaelBamber Жыл бұрын
I use Trade Assistant 9.0 it’s an EA from MQL5
@chris__bamber
@chris__bamber Жыл бұрын
Max leverage club 🚀
@MichaelBamber
@MichaelBamber Жыл бұрын
Yesss 😮‍💨🔥💯
@SailingTheSeasPirateRob
@SailingTheSeasPirateRob Жыл бұрын
hi what tool do you use to calculate position sizing i normally use myfxbook but wonder if you use any others particularly because i want to trade oil usdoil & ukbrent but myfxbook don't offer that calc. thanks
@MichaelBamber
@MichaelBamber Жыл бұрын
Trade Assistant 9.0 EA available from MQL5
@fallonkupfuwa7843
@fallonkupfuwa7843 Жыл бұрын
WE ARE NOT FRIENDS DUDE, YOU IS MY FAMILY
@MichaelBamber
@MichaelBamber Жыл бұрын
🙏🏼🙏🏼💙
@jennierlingam9804
@jennierlingam9804 Жыл бұрын
Thanks
@ncheisaacatekwana
@ncheisaacatekwana Жыл бұрын
if you were close to me now i will give you a huge Brah because I have been blowing a lot of accounts, reason because i don't have proper rules in place. thank you so much for this ❤
@MichaelBamber
@MichaelBamber Жыл бұрын
Ah man thank you I really appreciate that ❤
@rasegofortunekopano4877
@rasegofortunekopano4877 Жыл бұрын
3 Years later you still have the same setup
@HossanaChikwado
@HossanaChikwado Жыл бұрын
You should stay a community already.
@MrSimonw58
@MrSimonw58 Жыл бұрын
Just don't put your SL so close
@MichaelBamber
@MichaelBamber Жыл бұрын
Exactly!
@baravanduski9519
@baravanduski9519 Жыл бұрын
I think yesterday someone talked to me with same name as yours on Twitter idk if it's you or not
@MichaelBamber
@MichaelBamber Жыл бұрын
Not me! My twitter is: MichaelBamber_
@tufailkhanvlogs8056
@tufailkhanvlogs8056 Жыл бұрын
Can someone elaborate it simple words in points It will be very nice of you ?
@robeatson8512
@robeatson8512 Жыл бұрын
Daje suba
@efuyadandison4914
@efuyadandison4914 Жыл бұрын
No emails for people to reach you with
@roche8523
@roche8523 Жыл бұрын
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Katherine Flores.
@memphisginger2751
@memphisginger2751 Жыл бұрын
Mrs Flores changed my life because of the high profits I got from investing with her.
@pharrellosullivan8688
@pharrellosullivan8688 Жыл бұрын
You invest with Mrs Flores too? Wow that woman has been a blessing to me and my family.
@travisabm
@travisabm Жыл бұрын
I'm new at this, please how can I reach her?
@marthajames987
@marthajames987 Жыл бұрын
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
@roche8523
@roche8523 Жыл бұрын
FLORES11💯
@T3LiveDayTrading
@T3LiveDayTrading Жыл бұрын
how long have you been trading for?
@MichaelBamber
@MichaelBamber Жыл бұрын
6/7 years
@T3LiveDayTrading
@T3LiveDayTrading Жыл бұрын
@@MichaelBamber and you still only use the 1% per trade rule? most professional traders have trades A, B, and C (for example). They each have a different probability of working, but all still very profitable. You are saying that you take out B and C and only trade your A setups? Thats like playing poker and only playing when you get pocket AAs
@MichaelBamber
@MichaelBamber Жыл бұрын
@@T3LiveDayTrading Yep. Every trader going to have different ways of doing things. Isn’t a right and wrong. It’s all about what works for the person
@fuethao8154
@fuethao8154 Жыл бұрын
title should say will set you back 5 years LOL
@J.McClure
@J.McClure Жыл бұрын
Great content and I thank you for breaking it down!! Even in the current crypto dip, I’m happy I can smile back at my portfolio of $86,700 made from my weekly trade within a short period.
@georgesimmons4112
@georgesimmons4112 Жыл бұрын
Inspiring! Do you think you can give me some advice on how to invest in a healthy way as you are doing?
@J.McClure
@J.McClure Жыл бұрын
@@georgesimmons4112 I will recommend my current trader Mrs Bernice Pittman, she is from USA and her strategies are earning a lot profit for me👍
@Sebastian_wright
@Sebastian_wright Жыл бұрын
I would really like to work with your trader, please how can I get in touch with her?
@J.McClure
@J.McClure Жыл бұрын
You can communicate with her on telegm with the user name below
@J.McClure
@J.McClure Жыл бұрын
InvestwithBernice❤
@MrSimonw58
@MrSimonw58 Жыл бұрын
I love you 😍
@hlomphodwaynemachaka2067
@hlomphodwaynemachaka2067 Жыл бұрын
👍
@MichaelBamber
@MichaelBamber Жыл бұрын
🙏🏼
@jenniferdonald7148
@jenniferdonald7148 Жыл бұрын
Crypto investing has brought me great success,Irrespective of the economic depression . Thank you for your focus on quality stocks.
@roseterry7734
@roseterry7734 Жыл бұрын
@Love Joy Consistently investing with proper guidance in quality dividend paying companies is a relatively easy strategy to create wealth. Well I copy trades from daily signals of Mrs Eleonora Gilbert as recommended here previously.
@brittanyjohnson2228
@brittanyjohnson2228 Жыл бұрын
I got Eleonora’s recommendations in December 2021 and started following her lead and made $23,450 in a week. Lost my job in January 2022 and right now I'm back on top again and ready to go With her guidance.
@rebeccaliu9094
@rebeccaliu9094 Жыл бұрын
Like wise me, I have accumulated over $270k on forex market. Though I was down from learning ignorantly before I started following Eleonora lead and im back green
@rebeccaliu9094
@rebeccaliu9094 Жыл бұрын
eleonoragilbert.
@mabellogan2376
@mabellogan2376 Жыл бұрын
I have been on the wrong side for far too long and I'm willing to make consultations to improve my situation. I Would like to be part of Eleonora’s Program
@samiabdulkarim5974
@samiabdulkarim5974 Жыл бұрын
You just wasted 10 minutes of my life
@ddbb6721
@ddbb6721 Жыл бұрын
How do I contact you
@Sub-Zero1994
@Sub-Zero1994 Жыл бұрын
@__UNKNOWN_______
@__UNKNOWN_______ Жыл бұрын
Absolute worth spending 15 mins 🙏🫡
@AiForexHill
@AiForexHill Жыл бұрын
🫡🫡🫡
@shartho8342
@shartho8342 Жыл бұрын
Thank you sir
8 Years of Forex Trading... here's what i learnt
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