Forex Trading Basics: Discipline & Signals — Step-by-Step Guide & Transcript

[00:04] that Sir, we want to learn Forex trading. Can we ? So brother, the answer is yes, in fact you can earn more money in Forex trading than in crypto. So you just have to take care of a few things and

[00:19] that is discipline plus not being greedy. The biggest advantage you get here in Forex is leverage. When you take leverage, the mind of many people thinks that I have become a millionaire right now. Even if I

[00:32] have $100 and take leverage of 1000x, my money will double. This is the biggest mistake and people get their accounts washed and sit idle. Look brother, the account of a trader is not washed away. Why doesn't it happen? Because he

[00:45] opens the trade very intelligently and it is not that all your 100 trades are successful. But he would have kept a stop loss. Trading Forex without a stop loss is kept a stop loss. Trading Forex without a stop loss is

[00:58] throwing it into the bloodstream. So please keep the stop loss in your mind. Now these things that I am telling you about stop loss etc. or account wash, these are such if you trade futures because we do

[01:12] not trade futures. Now when we talk about Forex and here also when we here also the things that we have to take care of are what lot size should we keep?

[01:24] Where should we place our stop loss? Where should we set our TP i.e. take profit ? Now many people will say that Sir, we do not know Forex. How can we generate trades? How can I identify my setup? So brother, there

[01:37] that brother, you start learning Forex from today and Insha Allah, in three, four, five months you will become capable of doing the basics. I am also learning. I am also a student like you. If it has been a year since I started learning, then I still have a lifetime to

[01:51] learn, brother. But there is another way also. There are some communities around you signals. I also follow a community. If you its link is also there in the description. The community that I have tested so far,

[02:05] Bhai More Than 70% has a success ratio. Last week his score was 74, sometimes it becomes 80% , sometimes 70, sometimes 74, sometimes 75 which is very good. Meaning if you have made 100 trades. If out of that, 74 of your trades were successful , then brother, you

[02:20] can imagine that if you had taken 100 trades out of 100. I have taken it with the same discipline that I am telling you now that you should not be greedy. You have to remain disciplined. You have to trust that signal exactly. If out of 100 signals, 74 are successful

[02:33] and 24-26 are in loss, then at the end of the month you will still be in profit. The next question is, Sir, how much investment is required? Brother, look, trade against crypto, so if you have $ then you are trading with that. So here

[02:47] we have some brokers from where we can get Islamic account. There they do we can get Islamic account. There they do opportunity that you can take part leverage from interest. Now you will say

[03:01] your buying power. If you had the capacity to buy $. Now he has lent you $900, so what will you do now? You will make your purchase with $1000. Now you will say Sir, why is he being kind to me ? Brother, see, the more you trade,

[03:16] the more profit he gets. He deducts his service charges on every trade. He wants you to trade as much as possible. Do n't give up trading just because you don't have the money. So this is a simple method. Now what do you guys want to do,

[03:29] brother? I have also given the link of that community in the description. If you want to follow that community, you can follow it. I will also give you his Instagram directly. I will also give you his Instagram directly.

[03:42] the setup is formed then you will get the trade. If you don't get it, you will have to sit for three days. So don't be greedy again. Number two is to remain disciplined. Trading is all about mindset. Many people say, friend, we have money. We will trade.

[03:56] Money is definitely a small factor. But if you are not disciplined, no matter how big a trader you are. Believe me, at the end you will be left with everything zero. Again I am

[04:08] come and complain about this because I am also in the same group and many people come and complain that sir, our account has been washed. How can this happen? Is. For example, you have $100. You were given a trade signal and

[04:22] you were told, for example, let's talk about gold. For example, its buying range is being formed at 4528. You said bye around this. After that, when it comes to SL, you are told that you have to place its stop loss at 4515.

[04:36] Now if you forget to place a stop loss and the price goes down and you have a small account of just $, then brother, it will definitely go to zero. Obviously your account will be lost. Now whose fault is it ? Look brother, the good thing about these groups

[04:49] whose signals I follow is that they do not take even ₹1 investment from you. They do not charge you any monthly subscription. So brother, you have to follow the signal only. You have to play with your own money. It is your wish, make it

[05:01] zero. It's your wish. By following the signal properly, you can increase that 100 to By following the signal properly, you can increase that 100 to 120, 130, 150, 200, 500 such Mashaallah, his success story, who started from 100-100. Today

[05:14] Mashallah his account went to $700 $800. But what is it? Discipline did n't go away overnight. It is not that a trade of $ was opened in a single trade. It became $500. Brother, this does gambling, isn't it? So if you want to

[05:26] understand these things and let me tell you one thing, whether you follow this group below or any other group, Bhaijaan, you have to keep one thing in mind that along with that you have to increase your knowledge. There is another good thing about this group, whenever they give signals, they

[05:40] give it with complete charts as to why this trade is being executed, so what happens from this is that learning takes place. Now, I am also searching myself.

[05:52] You also need to understand how Forex trading actually works. in generating passive income. For example, if I am going and I am getting I am learning and at the same time money should also be generated. So brother, the simple way is that

[06:06] you join the group. Those signals are coming but do n't be lazy at the same time. Keep increasing your knowledge. Look at the strategies and how to trade with volume. Also how we trade with smart money.

[06:18] These are all concepts. It's all a strategy. Every trainer, every expert has prepared his own strategies. So you should follow one of them, friend. Get after him. I am not telling you to make this group mandatory. There is no need.

[06:31] Do it if your heart says so. I am telling you this myself that I am following this community If you want to take advantage, you can also take advantage. If you're already following someone, that's great. Those of you who have already moved from crypto to forex will

[06:44] agree with me. Yes, sir, With discipline, the forex industry is much older than crypto and mature. Crypto, as you know, has just arrived. And the current

[06:59] also in front of you. I'm not suggesting that you abandon crypto. If I'm telling you about crypto, I'm that there's one thing: crypto trading and crypto investment. If you've invested in crypto, then at times, your wallet might seem

[07:12] half as empty. But you shouldn't lose patience and don't panic and sell out with FOMO. Things are going to improve. This is the time when they have to test you. The market makers

[07:24] that you should panic and sell out everything you own. You have BTC, you have Ethereum, even if you have bought it at a high price, then brother, hold it with patience, it may take a year or two, it may take 3 months, it may take 4 months, these things have to bounce back. It is

[07:38] months, it may take 4 months, these things have to bounce back. It is just took the position here, took the profit here and came market gives you opportunities again and again here in Forex. That's

[07:50] why I am telling you to learn yourself as well. Additionally, you can also generate passive income by following signals. You can ask any question in the comment section. Inshallah, I will meet you in the next video. Till then take great care of yourself. Long live Pakistan.