Patterns Fool Traders: Rectangle & Triangle Analysis — Full

[00:06] Alex and today we are not really going to be trading. Today I'm having a talk right here. All right. So, today I'm going to be talking about some habits that may lead you to success and some of them may really

[00:22] and some of them may really become a handicap on your journey. So, let's start and of course do not forget to join my Telegram private group cuz it is very much important for you as well. Do not forget about it and

[00:34] Do not forget about it and let's just go. Many of them they just think that watching the graphs and the market

[00:47] market I mean that that that's all. That is the I mean that that that's all. That is the key to success and they they they think that if they locate any patterns which are I don't know the head and shoulders,

[01:02] hammers they solved the case. Just profit again. They earn it. It's not really working in that way. Indeed, some of these patterns working not complaining or not denying

[01:18] about it but not always, you know? It's not always depending on it. This type of information that misguides you cuz that will be a disaster and that will lead you to a failure. What is important in trading? Your

[01:33] I mean routine on a just day by day you just earning. You just not earning but just you learning on a daily basis. You practicing on a daily basis daily basis.

[01:45] You preparing for the trading session. It is a professional that you should be preparing for. You should be analyzing it. You should be analyzing the market. And I will show you a website

[02:00] where you are able to analyze and research and just research and just you know, watch the economical state just in the world cuz most of the trade trades

[02:14] I don't really I mean it's not that important on which on what asset you're trading on cuz all of them they are influenced by influenced by country a politics a politics

[02:27] a president I don't know it's just all being influenced by. So do not forget about it. As I said earlier I would like to show you a website right there. And hopefully it will help help you

[02:41] to go through that. So investing.com economic calendar economic calendar right here we can see a lot of information about just economical state of the whole world.

[02:57] So the volumes of the sales and everything for assets and the for some country. So do not just underestimate this type of sources that

[03:11] you may be using in order to you know achieve success in trading. As I've said earlier it's not about just watching the graph and just giving a guess. No. You are preparing for this thing. And as

[03:24] well as what I'm willing to add guys right here that you do not trade between or after any important news. And the important thing that I want to

[03:36] And the important thing that I want to add here that we should not be trading on three stars connected right here. I mean it's of course based on the asset that you're trading with. So if you depends on the currency pair that you're

[03:50] trading with. So if you see any three stars connected right there, no. I'm just leaving that currency pair. You're not trading with it. And this is very mind as well. So, what I want to talk about as

[04:05] you know, risk management that you should be able to manage your risks. So, if you are not managing it, then there is no room for you in the trading world, It's very much important you know,

[04:19] to properly uh size your trading and diversifying the your trades. I mean, this is important. When you are having a

[04:31] large amount of money and you're trading without understanding the risk of losing this is the moment when you start losing this funds. So, and honestly, I'm I'm really interested on what risk management rules you're

[04:45] on what risk management rules you're using uh while you're trading. So, if there are some of you that really using several of it. So, do not forget to mention them in the comments. It It's going to be very much interesting for me

[04:58] to read them and maybe I will able to learn something new from you as well. So, one of the risk management things is consistent trading discipline. So, once you're trading, you should be

[05:13] having a plan. You should be having a initial balance that you could not get below that, you know. And the percentages of the payouts you should be like uh paying a lot of attention to that

[05:27] once you're trading. You just always trading on them. So, do not go to any other currency pair. All right, I'm not telling you to just stuck on them, but it will be really great cuz you have all to learn a lot about this

[05:39] currency pairs that you're trading still on them and on a daily basis you're some news about this currencies, about these countries. telling you that you should be avoiding all the currency pairs. Maybe there's

[05:53] something that is a lot more profitable for you, but you are not trading before some discipline into trading. You know, you just can't be going haphazardly

[06:05] picking any currency pair and just, you know, trading on it. And at the same time, do not go with just, I don't know, like 20 or 30 trades in a one in in a single trading session. That That That is so

[06:18] you know, foolish. That is so foolish. So, just keep, for instance, 10 trades not really mean that you should be having several trading sessions

[06:30] you might be having two trading sessions, one in early in the morning and another one. You keeping that limit inside your head and you implementing this uh limits into your tradings and into your

[06:42] uh trades. It is There is this one saying, you know, uh once you leave a century, you learn a century. So, it is very much important for you. I

[06:54] know I might be like repeating myself over and over, but indeed, I'm talking to the fact. Updating the knowledge, updating the information that you're updating the information that you're having is very uh useful for you. And in

[07:07] having is very uh useful for you. And in some cases, that might be vital thing in your trading session, you know. So, I don't know, use any source that you are having access to. Use anything that

[07:20] you willing to use in order to receive the information. I'm not telling that you should be a nerd uh just sitting 24/7 in front of the laptop or you just over your smartphone and checking the news and everything. No.

[07:32] checking the news and everything. No. You just, you know, preparing if you are going to trade, you should be preparing for that trading session. And the preparation is updating your information, learning,

[07:44] of course, monitoring the news. The second thing, guys, that I want to talk about is patience and the practice. Just patience and the practice. Just patiently practicing. You know, I don't

[07:58] patiently practicing. You know, I don't know any trader who just started making like millions from the first trading sessions and everything. No. Of course, if you're not having any teacher, I would say, any sensei, if you

[08:11] can call it like this, it's going to be a lot more harder for you to start it, but anyway, once you're learning, as I your knowledge and you're practicing on a daily basis, and I'm not telling you

[08:25] don't know, with hundred of thousand of dollars. No. You just You can be practicing on on on like demos. So, there are the websites that are giving you the the the the demo money, you know, the fake money

[08:41] trade with. Reading the knowledge that you have and refreshing it and just practicing and patiently just waiting for your turn. If you keep doing that, I come. Don't forget about it. Just the patience and the practice, always. It

[08:57] always works out. And of course, I know it might be like a And of course, I know it might be like a lot of time-consuming and it might be boring for you. I do really understand, and I'm not talking about the trader

[09:10] trading is for all the people in the planet Earth, but if you just can get over these times, just guaranteed, you will be successful. All right? You will be. If you can fight

[09:24] will be. If you can fight uh inner you, so you don't want to read again, you don't want to analyze it, you're kind of bored and everything. If you can fight it and just go through that, then it's it's all

[09:37] going to work for you. Another thing, guys, keeping a trading uh even now I'm keeping it I'm I'm not having it like physically as a journal. I'm not having it

[09:50] a notebook where I'm just indicating my trades and everything. I'm indicating trades. And it is very very important and necessary for you to keep that journal.

[10:04] amount of the trade, the your initial balance, the amount of the the trade that you did, win or lose. Why did you win it? Why did you lose it? You learning from your mistakes. You might be having some matching

[10:17] You might be having some matching mistakes. And if you indeed have them, that is best thing for you, you know? Then you understand some patterns, some

[10:29] you know, some matches right there. You might be having some discrepancies as might be having some discrepancies as well. Not denying that. But once you're having that journal, just trust me, you're going to be like

[10:41] uh one head above uh of all the traders. This is uh a game changer, I would say. Not a lot of traders just mentioning that, but I mean, why wouldn't I? I'm trying to

[10:54] help you. I'm trying to assist you. I'm trying to guide you through. So, Uh keep the track of your uh trades. As well as you will be able to keep the tracks of the

[11:08] uh of the profits that you did and of the loss that you had. Unfortunately, you will be having them. Then it is easy for you to calculate the the the money that you're having. It is easy for you to analyze the

[11:23] uh percentages percentage of the money that you are trading with. For instance, if you're are an initial balance of 100 and you keep just betting 50, it means that 50% of your balance is

[11:37] always being used and is always under the risk of losing it. So, it is not good, right? So, you should be just analyzing you analyzing the market, you trades, you keeping the track on the journal

[11:49] journal. After that, you just analyzing your journal. You know, it's always about analyzing. So, don't be afraid of the information. Don't be afraid of the you know, knowledge and everything.

[12:03] That's all right, right? You just just have fun with it. Just have fun with it. To achieve that goal and if you losing some money, you analyzing the journal, analyzing of course I mean the market is not disappearing. It's

[12:17] right there in front of you and you are able to just analyze it once more and to understand what was the main reason due to which you lost the money and you are in several steps. Tiny adjustments will make you

[12:30] you. Yeah, will lead you to a successful trading journey and as well as I told you like I I was telling you in the right in the beginning when I started like trading, I had no one to teach me,

[12:45] to help me or something like this. I was just learning by like learning the information from the internet and just practicing on a daily basis. I've been practicing with $10 or high dollars, it does not really matter.

[12:58] And right now here I am where I am, you know? It is very much important, but you are having me I I'm the guy who is ready to help you without asking any money.

[13:13] All right? These tips will help you definitely. Do not forget about them. Thank you for watching. Leave a like. I'm wishing you all the profits in the world. I'm wishing you all the best in

[13:26] the planet Earth. Just go get your money. Go just grab your profit and do channel. Leave a like and subscribe to my YouTube channel as well. So, goodbye.