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Videos uploaded by user “Jarratt Davis Forex Trader”
Do Forex Brokers Hunt Your Stop Losses? - Forex Trading Strategy Q&A
 
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Think you have what it takes to trade for a living? Take Jarratt's quiz and find out! http://bit.ly/2mkndw9 Do Forex Brokers Hunt Your Stop Losses? If you’re not familiar with stop hunting it’s basically where you place a position on a trade with a stop loss, then the market will trend down take you out and then go back in the original direction which you had been hoping for. For example if you place a trade knowing that it’s going to trend up, put on your position but observe the market quickly spike down take out your stop loss, take you out of the trade for a loss and then return in the original direction. A lot of traders get very frustrated about this and it is something that does happen I’ve witnessed it happen several times and it’s happened to me. A lot of retail traders think stop hunting is done by brokers; what they think is that the brokers can see where your position, can see you stop loss is then widen the spreads a little and take you out and pocket the cash. In reality that is a myth, there may be some unscrupulous brokers in some far flung corner of the world that do practice that, however generally mainstream brokers that are regulated will not, it is very very rare. There are however some people out there that are actively hunting your stops but it’s not your broker. First things first, why wouldn’t the broker do it; well if we think about it in the brokers best interest for you to be trading profitably. Bear in mind that every time you make a profitable trade they get commission, to simplify it every time you take a trade the broker takes a pip or a fraction of the spread. If you are a very good trader who makes regular, consistent profits in the market, each time you take a trade, that broker makes a commission either directly or by adding a little bit onto your spread. This means, therefore, that the more you trade, the more they make, and this gets more infinite as your account balance grows and your position size increases. To put it another way, they make far more over time from the good traders than they do from the bad ones. They also get the money from the bad ones anyway, as they over- leverage and over -trade. Quite simply, it is in the broker’s best interest to stay away and let each trader go their own course; because ultimately, they will make money either way. With that in mind; who is responsible, well the reason that stop hunting happens is because large funds such as hedge funds and large institutional traders have to find buy orders to match their sell orders and this is where they hunt your stops, so to speak. To better understand this, we need to develop a deeper insight into how the larger institutions operate and how their operations affect our trading plans. The distinction here is purely down to trade size; so even though I was trading millions of dollars at the height of my fund trading career, I was still considered a 'tiny fish' in the same pool as the retail clients trading their own micro-accounts. When looking for trading opportunities, the whole basis of our operation is to calculate which way the market might go next. More importantly, we need to time it stringently so that we enter the market in that direction as it starts taking off. This is known as the 'Perfect Trade'. A large institution such as a bank, on the other hand, will significantly differ in the way that they trade. These are the players creating the moves and thus they have to time things completely differently. Now, imagine that you are a large bank and that you have previously bought into the market and the market has now rallied so that you are in profit. The problem for you is that when you engage the market, you move it. This means that when you click ‘buy’, the price almost always goes up, until your order can be satisfied with enough sellers. This, of course, ends up giving you a worse price. This is called 'slippage', and is a big issue for large scale traders. Another major issue is that of taking profits. Just like 'slippage', the same rules apply; if you just dump your position, the market is likely to revert against you (when closing a 'buy' order, you must sell it back to the market and that short, can push the price back down towards your entry point, wiping out some of the profits). It's a troubling problem as I'm sure you'll agree. So the question is; how do large players exit their positions whilst ensuring that they do not push the price against themselves? The answer is, of course, 'stop hunting'! Here is an example: The Large Player (LP) is long in position and wants to exit and take their profits. The price is just below a level of strong resistance and the LP can see that there is likely to be a lot of traders placing Sell Orders at that level.
How Long To Hold A Trade Open? - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course How Long Should You Hold A Trade Open For? I get a lot of questions from people regarding a trade they have placed and after a few days it hasn’t really moved anywhere and the question they ask me is; how long should I hold a trade open for? Now because I trade fundamentals, when I get into a position, there is a very specific reason that I get into that pair whether that be something from the news or something from the central bank, there is always a specific reason or trigger. I will sometimes get into a trade with the intention of it just being a day trade and take say 30 – 70 pips, however if the trade goes against me and I fall into a loss, I will still hold the trade as long as the fundamentals and sentiment on the pair that I am trading remains unchanged, as I will have the conviction following my analysis that it will come back in my favour. If however the fundamentals or sentiment change I will re-assess the situation and markets and sometimes cut or close a position, but as long as everything surrounding the pair remains unchanged I will hold that position as long as I have to. So to sum up sometimes I take a position with the sole intention of it being a day trade but the price can go against me and as long as nothing surrounding the pair changes and I still have that confidence and conviction I will hold, I have held a position for 4-5 weeks before which was first intended on merely being a day trade as I’ve known following my analysis that the price will correct and go in my favour eventually. To answer the question in short there is no set timing for holding a trade it’s merely a case of understanding the markets to the extent that I feel confident enough to know what a particular pair or currency is going to do going forward.
How to Build Forex Trading Strategy? - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course How to build the best Forex Trading Strategy? The best approach to building a successful trading strategy; naturally I’m referring specifically to a successful trading strategy that reaps consistent profit. The most appropriate way of doing this is to layer your strategy, similar to building a house your first goal should always be to dig the foundations, then you need to build the walls and finally construct the roof and as with building a house it’s imperative to follow that order as you couldn’t hope to place the roof on without the appropriate walls and foundations. So what’s the first layer in my strategy, for me it will always be to have a solid grasp of the fundamentals. Understanding what’s moving the markets, understanding which currencies are likely to move in which direction and most importantly the reasons why. You need to know at all times regardless of which currency or pair, or whichever way it has moved, yes, recognize that it has moved but find out why. This will give you insight into the markets and understanding, but most importantly it will give you confidence in your trading, this is the first layer. To demonstrate this if you have ever swapped strategies and employed different approaches and continually tried different systems, this is the key issue a lack of confidence as you haven’t had a definitive grasp of the fundamentals. The second layer is to have a method of entering the markets and managing your positions that makes sense to you. For example I use technical analysis, allot of people seem to think I’m opposed to using technical analysis, this isn’t the case I’m opposed to using technical’s as the sole basis for placing my trades. There are some traders out there that will look at a chart and attempt to use that as an indicator to which direction the market will go. I rely strongly on technical analysis but only once I have a strong grasp of the fundamentals. How I use technical analysis is via support and resistance, for example if I’m looking at GBP/USD and I’m looking for it to up, I won’t just buy it I will look at the charts and ask myself where has the market been buying it from, this is support. This will be clearly visible on the chart where you can see it has consistently come down and gone back up, look for these obvious places as indicators where to place a trade. In addition to this I use figures i.e. double zero levels; 1.6700, 16800, 16600 in addition to his the fifty levels are quite powerful too 1.6750, 1.6850 etc. Combine this with Fibonacci, put a fib on the spread so that you have nice retracement levels, so that you have a clear view of nice previous levels of support overlapping a Fibonacci retracement level. This should give you a clear indication as to where the market has been buying and selling and a clear entry point as to where to enter a trade. You can employ this same technique when placing stop losses, so you have a clear indication of where the market has been hitting support you can place your stop loss just below that, the same principle goes for profit targets. So if the price has rallied up and then pulled back and returned again to old highs that’s basically where I look to take my profit. Support and resistance is just the system I use yours doesn’t have to be the same, some people use black box systems or simply have their own ,that’s fine. As long as you are comfortable with it and it is used in conjunction with the first layer which is analysis of the fundamentals.
Risk-On / Risk-Off Explained - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course Risk-On / Risk-Off is a concept that I talk about a lot but not many retail traders cater into their trades, perhaps it’s a concept that not many have heard of and even fewer understand. We have to understand when considering the concept of Risk-On / Risk-Off that the market is in a constant cycle between those two dispositions. To explain a risk off market simply put is where traders don’t want to take any risk, they are panicking, scared and worried, essentially something is happening i.e. the market is crashing and they don’t want to be in the market. Subsequently they will dump any high yield/high risk currencies and flee to low risk low/low yield currencies such as JPY. The reason for this is that the JPY and other similar currencies that are low yield and therefore low risk are stable on account of it being low yield the interest is practically0.0% as an advantage to that though this does make them a far more secure bet when the markets are overly volatile. Traders will flee to them as a good place to store their capital while the market is crashing/turbulent as it is very unlikely that anything is going to happen to such a low yield currency as the lower the yield the more secure a currency is. Risk On is the opposite; this is when there is nothing concerning the market, traders are confident looking for high yield currencies to make the most profit they can in the shortest time possible. Such as the GBP, NZD and AUD; basically you can judge a risk on risk off currency by its interest rate. Lower interest currencies are typically risk off whilst higher interest currencies are typically risk on. To demonstrate my point it is in a way similar to fear and greed with risk off representing fear and risk on representing greed respectively. I make use of this concept by essentially trading the news and using fundamental analysis, the news will tell you whether the market is risk on or risk off. Therefore if its risk off you want to flee to safe haven currencies such as the JPY if however if its risk on you’re going to want to look at investing in higher yield currencies and reap the rewards associated with those currencies.
Central Banks. Effects on the Forex Market - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course How Central Banks Affect The Forex Market? Essentially I base my trading around what each central bank is doing, so if a central bank is raising interest rates I’m looking to buy that currency, if it’s looking to cut interest rates I’m looking to sell the currency, that’s a very simple approach and methodology yet very powerful. So how can you figure out what the central bank is focusing on? Well; there are a couple of things to bear in mind when considering this, the first being is that a central bank will usually focus on a certain problem, whether that be inflation ,growth or QE it could essentially be a whole host of different things. The point is you have to ascertain what it is the central bank is focusing on, once you know that you know what economic indicators to keep an eye on yourself. So if for example the central bank is focused on inflation and that they are looking at that data when considering raising interest rates, you know to look out for inflation figures pertaining to that economy as that is what the central bank will also be considering; so let’s say inflation starts to drop we then know that the central bank is going to be less likely to raise interest rates and the price of the currency will subsequently fall and vice versa if inflation is going up we know that the central bank is going to be concerned about that and consider raising interest rates and the currency will subsequently rally up. So how do we find what the central bank is focusing on, well I use two tools first a economic calendar I personal use ForexFactory.com but any economic calendar it doesn’t matter and on that calendar you’ll have statements, once those statements are released you can either interpret it yourself or you can head over to a news website. I use Bloomberg.com/currencies and within this site they will essentially elaborate in the statement how they expect any data point to move the market, what their expectations are, how the central bank is viewing the market and what indicators the central bank is focusing on. So there; in short a very simple way to understand and find out what the central banks are focusing on and how you can apply that in your trading.
Forex Entry Points Timing | Trading Into Risk Events
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course Forex Entry Points Timing This is a short video to answer one of the many question that we get via email or posted on the blog or social media sites. The question is how to improve your entry point in to the market. A lot of people find it frustrating that as soon as they enter the trade the market goes against them or maybe hits their stop and goes in their favor. How do you time your Forex entry points? And how you cut out that pullback against you and just get in when the market is about to go? There are lots of different techniques that you can use and different way that professional traders including myself do it. However one of my favorite techniques is trading into risk events. In this video I use an example which happened the few weeks back when I was trading into UK GDP risk event. You can find out more about that trade here: https://goo.gl/OsxNDG ----------------------------------------­----------------------------------------­----------------------------------------­----------------------------------------­-------- Join my Free Video Course and Learn Forex Success: http://www.jarrattdavis.com/go/free-f...
Take Profit Strategy | Forex Trading Q&A
 
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Think you have what it takes to trade for a living? Take Jarratt's quiz and find out! http://bit.ly/2mkndw9 How to find a good take profit level? Hi everyone! I am here to answer more of the questions that you guys been posting on our socials, particularly the blog. The question we are going to look at in this video is how to ascertain or determine your exit points. A lot of people are writing in and saying that now they can grasp the fundamentals. They are entering the market and they are day trading. However, they can not quite figure out where do they take profit. This is a very good question to ask! A good take profit strategy is probably one of the most difficult skills to master. So in this video I am going to share exactly how me and other traders at SMILe do it when we are day trading the markets. ----------------------------------------­----------------------------------------­----------------------------------------­----------------------------------------­-------- Join my Free Video Course and Learn Forex Success: http://www.jarrattdavis.com/go/free-f...
Economic Indicators in Forex Trading
 
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Think you have what it takes to trade for a living? Take my quiz and find out! http://bit.ly/2mkndw9 Which economic indicators are important in Forex trading? Here's another video based on the questions that I receive on my socials and the blog. The question that we are going to look at today is about the economic indicators. For example, ISM, PMI's, GDP, NFP all those indicators are released on the calendar every week in a cycle. A lot of people are wondering how do you know which ones are important? Also, why are they important and how can you know what is going to happen with those economic indicators? ----------------------------------------­----------------------------------------­----------------------------------------­----------------------------------------­-------- Join my Free Video Course and Learn Forex Success: http://www.jarrattdavis.com/forex-cou...
Fibonacci Retracement Tool - Forex Trading Strategy Q&A
 
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Think you have what it takes to trade for a living? Take Jarratt's quiz and find out! http://bit.ly/2mkndw9 How do you use Fibonacci Retracement Tool? I did a video about this in the past but we did not use the charts and we did not look at what the Fibonacci is. This video, on a contrary, is chart based. I'm using the price chart. It features candlesticks representing where the price has already been. So, in a way, it gives you the visual trail. Price chart also has the potential prices of the currency pair down the right hand side as well as the little white band indicating where the price of the pair is currently at. Fibonacci Retracement Tool measures pull backs or corrections on the charts. How to use it? Normally, you draw the Fibonacci Retracement Tool from the left hand side to the right hand side. It does not matter if you do an uptrend or a downtrend. That is the way the professional traders do it. When you draw Fibonacci Retracement Tool on a particular market move indicated on the charts, you measure this move . This helps you to ascertain, for example, how far this move is going to pull back, were to stop buying before you a get secondary wave, the secondary move up, etc. Fibonacci Retracement Tool has a certain levels marked on it. They are 38.2, 50, 61.8, 78.6, 88.6 and 100 These are just percentages of the overall move. Basically, if the price went all the way down to that 100 level it would mean that it have been retraced 100% of the entire move. 61.8 level is the most popular one. It is followed by 50 and 38.2. 88.6 is a really powerful zone that is used quite a lot by the institutional traders. However, there is not that much coverage of it in the retail space. How to use Fibonacci Retracement Tool levels? Basically you need to look for a confluence of things at these levels. So are you are not just trying to guess at which level the price is going to pull back. You also need to look for other factors overlapping these levels. It could be double zero levels, a lot of traders use 50 levels, moving averages, pivot points etc. Finally, you need to obviously use Fibonacci Retracement Tool in tandem with the fundamentals and the sentiment about the pair you're trading.
Forex Fundamentals vs Sentiment - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course What is The Difference between Forex Fundamentals and Sentiment? Sentiment is basically the mood of the market, think of the market as a big group of people all trading against each other and if you put them all together you get one really complicated human being. When I talk about the market it’s almost as if I’m talking about a person and sentiment is the mood of that person. When the market is in a bad mood it will tend to go risk off or try and look for safe-haven currencies because it’s fearful and scared of a potential crash. But when the market is happy, it’s greedy, it looks for higher yielding currencies to buy and doesn’t care about risk. Fundamentals are what’s driving each currency at any given time in the long-term, and that is dictated by the central bank of each country and the interest rate expectations. So first of all we need to know what the central bank is doing and how that will impact interest rates in the near future. So if what the central bank are doing is expected to lead to interest rate hikes, the value of the currency will increase over the longer-term. On a day to day basis currencies are volatile, the reason for that is because the market is constantly cycling between being driven by fundamentals and short-term sentiment. For example- If the long-term fundamentals are up, the currency should be going up however it won’t go up every day because maybe one day, sentiment turns bearish and the market goes in a ‘bad mood’ for any number of reasons. One of the main tools that I use is a premium news feed, which constantly keeps me up to date on what’s happening in the market in real time. You should be looking for the reasons as to why the market is moving, so if GBP/USD has rallied 100 pips the first thing you need to do if figure out WHY it’s rallied, the reason as to why it’s rallied will give you a massive clue on whether or not it will continue or reverse. If the move up is in-line with the fundamentals you could look to get in and continue to ride it up however, if it’s against the fundamentals it might give you a good opportunity to get in the opposite way at a much better price. Another more tricky way of doing it is by just trading the sentiment on a daily basis, if you know that traders are panicking and selling, you can just jump in and start selling using technical concepts you’re comfortable with that help you get into the market. As long as you know the reasons for the individual move that’s happening that day AND you know what the fundamental outlook is in order to know which way the currency SHOULD be moving in the long-term. That information will give you confidence and tell you which way you should be trading those currencies on any given day. Show less
Forex Fundamentals Turning Point
 
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Think you have what it takes to trade for a living? Take Jarratt's quiz and find out! http://bit.ly/2mkndw9 Forex Fundamentals Turning Point - Forex Trading Strategy Q&A Hi everyone, I am in the offices here at SMILe and I just though I will make a quick video answering few of your questions. The question we will look at today is how do you recognize the Forex fundamentals turning point? A lot of people are aware that I trade the Forex fundamentals. We are always talking about how important the central banks are and what those fundamental things of each currency are. Simply because that is going to give you the long-term trend and it is very important to try and trade with that long-term trend. For example, in 2015 US Dollar is considered largely a bullish currency because the Federal Reserve is going to be one of the first banks to hike their rate. So the trend for the USD is up. However very often we get some bad news reports or comments that drag the dollar down and start short term dollar sell off. So the question is how do you know when the dollar sell off is just temporary and the fundamental trends are still intact or that the fundamental trends actually changing and you should now be selling US dollars in line with the bigger picture? In short, how do you know when it is just a temporary pullback or whether it's something to be more concerned about? ----------------------------------------­----------------------------------------­----------------------------------------­----------------------------------------­-------- Join my Free Video Course and Learn Forex Success: http://www.jarrattdavis.com/go/free-f...
Central Banks. How They Are Thinking? - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course How to Identify What Central Banks Are Looking at? As many of you know if you’ve been following me, I base most of my trading decisions around what the central bank is doing. What the central bank does will tell you which way the currency will go over the medium to short-term. To get an understanding of what the central bank is doing and how you find that information out is by looking at the economic calendar, and finding out when the central bank are speaking. Things like interest rate statements or policy statements are the first things you need to find. After the next policy statement has happened, you want to look at websites like Bloomberg to find an article summarizing that specific statement. Once you’ve read the article it will tell you what the central bank is looking for- for example, they might be looking at high inflation which could lead to them hiking interest rates, or maybe their economy is failing and they’ve hinted that they might take a dovish action by cutting interest rates etc. These are just simple examples however the analysis will tell you and keep you tuned in to what the central banks are thinking, and if you know what the central banks are thinking it will be much easier for you to make pips.
Positioning Yourself Prior To Economic News Release - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course The first way I trade a high impact news event is by positioning myself before said you news event, so before the news is released I will place my trade beforehand so that I can catch the spike. A classic example of this is when a central bank is going to hike interest rates, in that scenario when it is almost certain that the central banks are going to do as anticipated there will always be an immediate effect to the markets and the currency will spike in the value of the currency price. When you are applying this method you need to be certain of what it is you are looking for and have done your fundamental research, in essence make sure you are certain and have conviction before placing a trade prior to the event. The second way I trade news events is from the aftermath, so let’s say you’ve got a high impact news event coming out and you’re not quite sure which way the data will go whether it will be positive or negative and then it comes out positive and the currency rallies. What you can do, or what I do is observe the rally wait for a pull back or for the pair to hit resistance or go into a Fibonacci zone and then I’ll look to trade it as it corrects moving forward as it is very rare that the market moves in straight lines and there will most definitely be a retracement and vice versa you can do the same if the data comes out negative the currency drops and I know that it’s due a retracement I will get into the market when the currency hits a level of support and the market starts buying it back. As I mentioned this is all very dependent on the research that I have done and how confident I am that said currency is going to retrace or alternatively if I am trading prior to the event how confident I am that the release is going to come out as I expect it. If I’m not so confident I’ll trade the aftermath if I am very confident I’ll trade prior to the event, so there we go two scenarios how I position myself around news events I hope that’s helped and maybe you guys can apply that in your own trading and make some pips.
Which Time Frame to Use While Trading Fundamentals? - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course Which Time Frame To Use While Trading Fundamentals? Now particularly in this video we're going to look of a common question from a lot of retail traders particular who trade technical analysis. So if technical you probably wondered the same thing and the question is which time frame should I be trading, now if you're just looking at charts I can understand why that would be a very big concern, because to trade the chart are you supposed to look at the five or the four hour chart, are you supposed to combine them. How are you supposed to do a top down analysis, how are you supposed to basically figure out the best combination of timeframes to try depending on your preference. Now the answer to the question from my perspective is I obviously don't of course, as you know trade technical analysis solely. So I'm not sitting there looking a price trying to get the direction, trying to get a trade from a chart I use the fundamentals to base all my trading decisions. Now because of that it makes it completely irrelevant what time frame you look at, now I do use charts okay, and I do use technical’s a little bit in my trading, however to basically get a direction or come up with a trade opportunity in one kind of place, it's irrelevant what timeframe you use. Now having said that, when I'm looking at my charts I do switch between timeframes. So for example for me when on day trading I look at the 5 and 15 minute charts, if I'm looking for a longer term position I'll look at the one hour four hour chart sometimes the daily charts, but essentially it doesn't matter. I don't need any charts if I had to trade without charts I could. So the answer to the question is timeframes are relevant you don't need to worry about what time from your trading all you need to know is what currency you’re trading, the reasons why and which direction and prices at which you will buy and sell and for that information you don't need to actually look at a price okay, that's how I trade. So that's the answer in a nutshell I hope that’s helped I hope that will help in your analysis and apply it in your trading and good luck and hopefully makes pips.
Quantitative Easing. Effects on the Forex Market - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course What effect Quantitative Easing has on the Forex Market? Quantitative easing, of course, is when central bank prints money and basically injects them into a market with the intention of spurring growth and spurring inflation. That basically, gets an economic recovery going. The effect it has on the currency is the devaluation of that currency. It’s a basic law of supply and demand. If you have an excess supply of something you have demand for it going down. The price and the value of that thing will, of course, fall. The currency is no different. The Bank of Japan have done quantitative easing, ECB started doing it in 2014. The Fed did it in 2000's. They all had triggered the same effect - the currency went down in value. Once again it’s just simply due to that basic law of supply and demand. So whenever you see a central bank implementing quantitative easing you know that the value of that currency is going to go consistently lower during the whole period. So, it is very simple to trade if you hear that the central bank made quantitative easing announcement. You know what is going to happen. Hope that helps. I’ll be back soon with more videos helping you guys to answer your questions.
Retail Brokers - What Happens to Profitable Traders?
 
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Welcome to this fourth final presentation in the series on Retail Brokers entitled 'Retail Brokers - What Happens to Profitable Traders?' Previously we have looked at the concept of stop hunting. We looked at who the stop hunters are. It's definitely a concept but it's not the brokers who are doing it. We also looked at the intraday volatility in the changing market conditions. This concept was discussed by looking at what actually happens when it seems like every time you take a trade the market moves against you. We also analysed how you can eliminate that by focusing on the news feed. Then in the third video we looked at the concept of the b-booking and how retail brokers do create a false trading environment for retail traders. However it's perfectly normal and legal everyday thing that pretty much every retail broker does but ultimately it does mean that all the money you loose goes go to the brokers pockets rather that into the market. Now in this final video we will discus what happens to profitable traders. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Join my Free Video Course and Learn Forex Success: http://www.jarrattdavis.com/go/free-forex-course/
Buy the Rumor, Sell the Fact Part 1
 
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Ready to take the next step? Click here! http://bit.ly/2pQJbcA
Buy the Rumor, Sell the Fact Part 2
 
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Forex Trading Against The Fundamentals - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course How to trade Forex Against The Fundamentals? As you know I trade fundamentals, which is what I encourage my students to do; follow the news, interpret the news and trade the currencies in line with the trends in which they are moving. However one of the questions we’ve had a few times is do I ever trade against the fundamentals, i.e. if the fundamentals say a currency is going to go up, obviously it never just rallies and will pull back and sells off, do I then look to take advantage of these sell off’s and trade against the fundamentals. The answer is yes, based off of sentiment which can be described as the mood of the market, so if the mood of the market changes temporarily and I feel that it will last a few days I’ll get in the trade and ride it down a few pips and try and take some profits out. The difference however to how I typically trade is that I won’t hold a trade against the fundamentals because if it does go against me it’s more than likely going to keep going and I’ll lose allot of money. Therefore I’ll place a tight stop loss in when I’m trading against the fundamentals where as when I’m trading with the fundamentals I’ll be a bit more loose have bigger stop losses or no stops at all sometimes as I have much more confidence in the position. So the only difference is that level of confidence that I have, when trading against the fundamentals my level of confidence will always be that little bit lower so I’ll always have a close stop so that if I have got it wrong I can limit my losses just in case I have got it wrong.
Forex Trading   What ONE change I made to become profitable
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course We're going to focus on the one change that I implemented whilst I was learning to trade that made me profitable. If you are struggling I assure you, I was the same as you. I was swapping from strategy to strategy, I was failing to secure consistent profits and my account balance was constantly decreasing which in turn was very frustrating. All of this was the case until I implemented one change to my approach to trading and that was switching my focus to the fundamentals of the market - essentially what is driving those currency prices and how to determine what direction those currencies should be heading over the course of coming months. Once I shifted my focus to the fundamentals of the market and began to apply that to my trading, moving away from the studying of price charts and into the studying of the news - this completely changed my trading. If I could pass on one piece of advice to any budding trader it would be to shift your focal point to keeping in tune with and studying the news - if you want to learn how to do that I've put together a free course on my website (jarrattdavis.com for those of you that haven't seen it) it's a completely free and concise video course, where you can learn more about the aforementioned approach to trading and I'll will share that knowledge with you in clear, comprehensive easy-to-understand steps. The idea is that you can watch the video course and literally the day after you've watched it you can start applying the steps contained in the course to your trading and hopefully become profitable and make some pips.
Top 3 Forex traders' mistakes - Forex Trading Strategy Q&A
 
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What are the top 3 mistakes that every retail Forex trader makes? The first mistake is risk management, risking too much, blowing up your account etc that might seem obvious but when I say risk management I’m not specifically referring to that aspect of risk management. What I’m referring to in this video when I say risk management is knowledge; part of risk management is understanding the markets, why they are behaving in the way that they are and basically knowing what you’re doing. If for example you go to work and do your job and you know what it is that you’re doing, chances are you are going to do your job properly, if however you simply elected someone with no prior knowledge or experience to do your job for the day, it’s very likely that they are going to make mistakes, the jobs not going to get done properly and there will be serious repercussions when everything goes wrong. Trading is the same if you come into trading and simply buy a book or trade a strategy that you bought from the internet, you don’t really know what you doing and therefore you will struggle to make profits, so having the correct knowledge is a form of risk management because the more experience you have and know how on how to implement the correct process of trading the better you will become and the less risky trading will be. The second mistake is switching this means going from technical strategy to technical strategy, so you buy a strategy off the internet and everything looks great, the fact of the matter though is that when you try and implement this strategy it is only really any good for a day or two. Due to this you ditch that strategy and you find a new one, the problem with this is that each time you are focused on what the strategy is telling you to do as appose to focusing on the right things which are learning how to trade and what factors drive currency prices. You will find yourself busy trying to find a system to do the work for you, which is where I refer back to mistake one, you have bad risk management because you haven’t sought that knowledge on the markets and what factors drive currency prices. The third mistake is an over reliance on technical analysis, most retail traders just stare at charts they will get their strategy and find themselves just staring at a chart waiting to for a signal/indicator to prompt a buy or a sell. If you have been guilty of this and have just looking at a price chart and nothing else you will struggle to make consistent profits trading the Forex markets.
Forex Fundamentals Trading Long Term
 
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Think you have what it takes to trade for a living? Take Jarratt's quiz and find out! http://bit.ly/2mkndw9 How to trade Forex fundamentals from a long-term perspective? I am back with another video answering more of your questions. Please get the questions coming on the social networks and on the blog because that is how I know what information you all need. Today 's questions is how to trade Forex fundamentals from a long-term perspective. Let's say you do not want to be intra-day trading, you do not look at the chart every five minutes. You just want to look at the big picture, place your trades and forget about it.The best way to do that is to trade the fundamentals. In other words, to trade the central bank policy divergence. Basically, you need to be looking at all the central banks around the world. Central banks policies in particular. The key is to find two central banks with the most extreme opposite policy... ----------------------------------------­----------------------------------------­----------------------------------------­----------------------------------------­-------- Join my Free Video Course and Learn Forex Success: http://www.jarrattdavis.com/go/free-f...
Profiting with Fibonacci
 
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Learn how to combine technical and fundamental analysis to become a consistently profitable trader. http://bit.ly/2in3JdD
Forex Managed Account Provider - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course How to Select a Forex Managed Account Provider? When choosing a managed account provider it’s advisable to have a checklist of requirements that you would expect from them in order to protect yourself as a customer/client from any unwanted surprises. Sure it’s always nice to have good returns however in the long term sustainability and security are just as if not more important than short term gain. In this video I will be discussing the importance of checking that your Forex Managed account provider has a verifiable track record, when I say this I mean don’t rely solely on the data they provide you with, always make sure to have a third party check the track record. It’s also imperative that you research details of their strategy; yes we all like high returns, but do you really want to be sacrificing sustainability and security for a quick return? By this I mean it’s not unusual for a trader to have a streak of high profit but a wise trader will almost always sacrifice short term gain for long term sustainability. It’s also vital to ensure your managed account provider is well regulated. Always check that your potential incumbent is regulated in a country where the rules of practice are stringent which protects you as an investor, examples of this would be the US, UK etc. Finally, similar to the opening of any bank account you would like to think you can pop in to a high street branch and speak with an employee regarding the money in your account, the same is true with a Forex Managed Account Provider; endeavor to choose a provider with a tangible address. After all it’s your money that you’re letting them look after, therefore you want to be able to contact them either over the phone or in person on any business day throughout the year.
Forex Risk vs Reward - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course Forex Risk vs Reward Explained I’ve had a lot of questions regarding my view towards risk/reward when doing my free analysis, therefore I’ve put together a brief video detailing my view on risk/reward. I personally believe risk/reward strategies are irrelevant having tried that approach in the past it is now my opinion that the most important factor is being profitable. So for example I’m trading but have a risk reward is 1:1 and yet make profit I pay it little attention however if I’m holding a trade yet the risk reward is 2:1 and I’m losing money, it simply drives home my point that risk reward strategies are irrelevant. I will hold a trade based on my conviction and confidence I have in that particular pair, I garner said confidence and conviction by a comprehensive fundamental analysis of the markets coupled with my technical analysis. Once I have done this risk/reward becomes less important as I know with the analysis I have done that the market is going in a certain direction. I have and continue to change my attitudes on pairs as the fundament and sentiment changes, for me it’s about learning the markets, why they are behaving in the way that they are, which gives me confidence when I trade to go on and make profit. Many guru’s will differ in this opinion and state that you need positive risk reward to trade, however the methodology of fundamental analysis coupled with technical analysis (support and resistance levels) is the technique that I have implemented and become successful off of the back of.
Forex Trading Psychology - Recency Bias
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course Recency bias is the concept that we as people base our current emotional decisions on our recent decisions depending on how those decisions played out and affected us. So how can this affect us as traders, if for example you've placed and won ten trades in a row as a consequence you will have no have no hesitation placing another position based off of those experiences. However if you have won a string of trades but recently you have had a run of losses this will affect our mentality, so say you have won 50 out of 60 trades with the most recent trades being losses that will affect our mentality. This is because we as a species are programmed to focus on the most recent past and this can be a issue for a trader as this can hold us back. So say we have a very good winning strategy and we know we win overall, if we can't overcome the inner barrier of of recency bias it will hold us back as traders and basically prevent us from making us consistent profits. It is for that reason a very important concept to be aware of and as traders the way to overcome it is to keep a track of our trades by using a spreadsheet, online tool or tools within MT4 and they will simply give you the statistics and an overview to see how good you are and thus show you how consistent you are. If you are profitable and are on occasion losing your head this is recency bias in play. As a trader you will definitely have losing trades and when the recency bias takes hold, it can potentially wipe out the profits of all your winning trades so it's definitely something to be aware of.
Forex News Trading Strategy For The Week of 2nd - 6th February
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course Analysis of this week’s Forex news events, This week’s “high impact” news event that I will be looking to trade is as follows; AUD – Cash Rate & RBA Rate Statement – 03:30pm There has been allot of speculation recently that the RBA will cut rates with commodity prices falling adding weight to the argument that the Antipoldean currency will soon come under added selling pressure following a revision of rates. The Australian economy has been lagging somewhat recently but data has been gradually weakening in conjunction with commodity weakness for the last few months and we know that the RBA are concerned with the sluggish rate of economic growth. Bearing in mind that last week the Bank of Canada unexpectedly cut their rates accredited to falling oil prices, inflation, the prospect for further inflation and an overall sense of discontent from the BoC with the speed of growth coming from their economy and falling commodity prices. Australia is the same as Canada, being a commodity linked currency, meaning that most of their growth and GDP is linked to the extraction of those commodities, gold, oil etc. This is why the market had began to speculate that the RBA could cut their rate during this statement on the 3rd of February, with the current balance being around half of the markets respected economists holding believing that the RBA will cut rates. If you observe the AUD on your charts over the last weeks you’ll see that the currency has sold off heavily and the reason for that is because the market is pricing in the probability of the RBA cutting rates down to 2.0% or maybe even 1.5%. On the other side of the argument, economic data as aforementioned hasn’t been too alarming and is dire enough to assure the certainty of a rate revision; with the unemployment rate actually falling and despite a weak CPI if we stripped that to core CPI, it wasn’t that bad. So basically since the RBA haven’t deteriorated too much with the main driving behind the rate cut argument being the fall in oil and commodity prices particularly copper which will have a knock on effect for the Aussie economy. The way I’ll be looking to trade this going into rate decision is fairly cut and dry, if they cut I’ll be looking to sell into the move with expectations that the AUD to call to 75cents against the USD with lots of opportunity to continue selling the currency over the coming weeks particularly against the USD . The reason for that is that last week the Fed made it very clear they are still on course to tighten policy despite the markets concerns of a global slowdown and ramifications of a overly strong Dollar and falling oil prices – with the Federal Reserve still happy to hike rates at some point in 2015. This pins the US Dollar as the current strongest currency amongst all major crosses and pairs, so we want to sell the AUD against that as it is the easiest, simplest way to trade the AUD and this event. However if the RBA don’t cut we could see a rally on the AUD, given that the market has been pricing in the potential for a rate cut we could see what is referred to as a relief rally when an event doesn’t play out as the market had began to speculate. The best way to trade this outcome would be to trade the AUD against the EUR, so sell the EUR/AUD pair in the event that the RBA do not cut their rate as any moves over the last few weeks on the currency will be reversed if it turns out the RBA keep rates unchanged. The second part to this trade is of course the statement, so if they don’t cut we want to pay close attention to this statement as the RBA statement could be dovish – so when you’re reacting to that cash rate you’re going to want to tune into a news feed as the statement relating to the cash rate will set the sentiment on how the currency and essentially determine how far it will move against any cross. Simply because if they don’t cut the rate but are very dovish and say something along the lines of “we are considering/looking at/planning to cut rates imminently” or “have a close eye and things and considering our next move which could very well be a rate cut” any rhetoric like the above could in itself be viewed by the markets as an excuse to sell the AUD – so we just want to careful of that statement. The ultimate hawkish surprise would be if they don’t cut and they don’t change their statement, in which case we could expect to see he AUD appreciate for the majority of the coming week – however my expectation is that they won’t cut the rate but will run very dovish commentary in which case we could expect to see an initial spike up on the AUD and then that move will be nullified by the subsequent rhetoric from the central bank.
Why Can't You Just Follow My Trades? - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course Every day I post my analysis of the market, suggested trades and for premium members I also notify of trades in real time and I am on call via the chat room and webinars whenever the markets are open, the reason for this video is that allot of people think they can simply follow my trades and make money that way. This is a bad idea for two reasons, firstly; if you do become dependent on me or anyone else, if say I decide to retire or give up doing what I’m doing for any reason, than you guys are going to be in a situation where you’ve paid out that money and you haven’t got anything back. Essentially you’re stuck in the same position where you started which is not really knowing what to do and not really knowing how to trade the markets. So it’s very important just from that aspect that you not only follow me but learn from me as well and essentially transfer all the knowledge and experience that’s in my brain to your brain as quickly as you can. Now as for the second reason which is actually the most important reason, purely because each trader is different it is unwise to blindly follow my trades. For example I’ll get into a position on a currency pair that I’m really confident on and if it goes against me, I’m not going to let myself get stopped out I’m going to hold it. To the extent where allot of the time if a trade continues to go against me I’ll actually get in on another position so if I’m buying and the price continues to drop I’ll buy again, I’ll average into the market several times so that my losses are at a few hundred pips at that point, allot of people get scared, allot of people aren’t cut out for that, they get nervous, they’re simply not used to trading in that manner because trade fundamentals its very different to trading technical’s, which is all about risk/reward you place a trade you place a stop loss it’s all fixed it’s all mechanical etc. For someone who is used to trading like that for them to try and trade like me is very difficult to adapt to the change unless you’ve absorbed the knowledge and built the skill and followed my methods for a significant period of time until you get used to it, it’s very hard psychologically as a way to trade. I’ve had premium members in the past who’ve simply tried to follow my trades they've followed me for so long the trade has gone into deficit and they have lost confidence closed the trade and after a month they’ve ended up with minus pips and I’ve ended up with several hundred pips in profit. This happens because basically if you’re not cut out or not tuned into the way I trade it’s never going to work out simply following me. Basically the key reason for me to do this is to empower people to become independently profitable so that they don’t need to follow me anymore, rather than relying on my trades and analysis every day they can make their own analysis from the knowledge I have passed on, incorporate their own strategy and potentially go on to be more profitable than me.
Perfect Forex Market Entry Price - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course Is There A Perfect Entry Price In Forex? My biggest flaw as a trader is probably getting in the market too early, however my personal preference is to just get in the market. If I think the price is going up and I’m convinced the price will reach my target I’ll likely just get in the market regardless, even if it goes against me a little bit my conviction will be high enough to not worry and hold the trade. I won’t necessarily wait for the perfect price, but the key component is the conviction behind my trades and that’s where trading the fundamentals come in. If you ‘know’ the price is going up or down and you’ve got a really good clear target in mind that you’re convinced about then it will make it much easier to get in and out the markets without worrying about getting the perfect entry. Obviously, if you can get a good entry that’s fantastic but my personal view is it’s better to be in the market making pips as the price moves in your direction eventually, rather than missing moves, which does tend to happen.
Understanding Fundamentals for Beginners
 
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Ready to take the next step? Click here! https://bit.ly/2grbv24
Fair Value Of Forex Pairs - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course How to identify the fair value of Forex pairs? The fair price of a currency is a rough idea of what that currency is actually worth, for example as everyone is familiar with property prices, everyone knows roughly what a house in your area is worth. You may not have an exact figure but a general indication of price, if you go to the nice part of town houses are roughly around x amount and if you go to the worse end of town house prices cost y amount, so everyone has a fair understanding of property prices as it is engrained into us from a very young age. Currencies are the same as they also have a fair value and they should have a price which you know roughly is what it is worth, now very often their price will shift away from its fair value whether that is above or below. This grants an opportunity to get into the market and trade those currencies back to their fair value price, so how do we as traders gauge what a currencies fair value is? The process is quite simple, if you need to know the fair value of a currency what you need to do is tune into the market via the news and analysis. So for example GBPUSD you need to follow the news and what is happening relating to that pair, so XYZ happened today and the GBPUSD went up for that reason once you piece together all the reasons that are driving that price you can say to yourself, well ok when XYZ was happening the price got to such a level and then the price has dropped but nothing has changed in terms of further news releases and the dip in cost has been accredited to profit taking etc by that I mean nothing tangible in terms of data points or further news relating to that pair. We then know that as there hasn’t been any change in the variables that the fair value of the currency is actually where it reached prior to the dip in price, the fair value is thus based on the news moving the markets, so we can ascertain the fair value by reading keeping up with the news, find an economic news site that you feel comfortable with and observe how news events affect a currency by going to your charts and just watch how price levels shift with the release of the data. Once you've ascertained a rough fair price for the currency you can get an idea of where you want to be getting in to this pair to trade and also roughly where you want to be taking your profits based around that fair price.
Forex News Trading Strategy For The Week of 8th - 12th June
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course RBNZ Rate Statement and Press Conference are the most important Forex News Trading Events this week. Other high-impact events worth keeping an eye on: --------------------------- Monday 8th --------------------------- 3:25am - China's Trade Balance. - G7 Meetings 1:30pm - Canadian Building Permits --------------------------- Tuesday 9th --------------------------- 2:30am - Australian NAB Business Confidence 2:30am - China's CPI --------------------------- Wednesday 10th --------------------------- 3:50am - RBA Gov Stevens Speaks 9:30am - UK Manufacturing Production 9:00pm - BOE Gov Carney Speaks 10:00pm - New Zealand's Official Cash Rate and RBNZ Rate Statement 10:05pm - RBNZ Press Conference --------------------------- Thursday 11th --------------------------- 2:30am - Australian Employment Change and Unemployment Rate 6:30am - China's Industrial Production 1:30pm - US Core Retail Sales, Retail Sales and Unemployment Claims 4:15pm - BOC Gov Poloz Speaks --------------------------- Friday 12th --------------------------- 1:30pm - US PPI 3:00pm - US Prelim UoM Consumer Sentiment ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Join my Free Video Course and Learn Forex Success: http://www.jarrattdavis.com/go/free-f...
Combining Technical And Fundamental Analysis
 
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Take the step to becoming a consistently profitable trader here: http://bit.ly/2rQmEgm
Average Daily Range - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course How to Applying Average Daily Range To Your Forex Trading Strategy? Average daily range basically measures how much range has been between a pair in a day and that it gives you the average of those moves and then gives you a figure of how many pips the price is expected to move each day based on historic movements. Allot of traders try to use this for things like profit targets and sometimes entry levels, if for example the price has gone against its daily range you can look to buy it back or sell it as it’s not expected to go any further. These kind of methods of applying daily range in my opinion are flawed and generally won’t lead to consistent profits or results on your trading, the way I use daily range is to give me a guide as to how many pips I should be looking to take on that trade. So if the pair I am trading, which of course before I have got into the market I would of done all my analysis and know I want to trade it, if that pair has been trading a maximum of 30 pip daily range I know that 30 pips is the maximum I want to take. 10, 20 or 30 pips anywhere in that range is where I want to be putting my profit target using other things like support and resistance levels to give me a rough guide as to where I want to close the trade. What I won’t do, given the average daily range is try to hold that pair for 300 pips as I know it is very unlikely that that shift in price is going to occur in any short period of time, if I’m prepared to hold it over a longer period of time that’s fine but if I’m day trading the average daily range becomes more pertinent. So in summary my advice is not to use average daily range for trade suggestions and entry points as it simply gives an indication of their typical range of pips and is not suitable entry points.
Qualitative and Quantitative Guidance  - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course What is the contrast between Qualitative and Quantitative Guidance? After you’ve been trading the news for a while you will notice situations where there is an economic event on the calendar, it comes out positive, which should make the currency go up, yet it goes down. Or vice versa. The figure comes out negative, which should be negative for the currency, yet it goes up, there is an explanation as to why this is happening. The reason for any market move is based on the market’s expectation of how the central bank will act. Central banks generally tend to be very clear about what they are thinking, they will share their thoughts, goals and outlook with the market, traders will then use this information to trade each currency. A common way that each central bank communicates to the market is; we will look at taking this action ............. once we have hit this goal..............(quantitative guidance) . So for example we will look at raising rates should inflation exceed the target of 2.0%(quantitative guidance) or vice versa we will consider cutting rates should inflation fall below 1.0%(quantitative guidance). This remains very simple for us as traders when it’s the case that each target or level referenced by the central bank is far from being achieved. If for example we know the central bank is concerned about inflation dropping below 1.0% and the figure is well above that level we can continue to trade the currency knowing that there is no immediate fear of a cut as their quantitative guidance has made it clear that clear to the markets. Complications can occur when figures start coming out close to a targeted level. If for example a central bank has stated that they will consider raising rates once unemployment drops below 7% (quantitative guidance) and the figures released are getting close to and edging closer to the target, this can cause the market to speculate. This can of course cause volatility in the markets as traders place speculative bets as figures approach the targeted level, to reduce volatility in the markets the central bank will then switch from quantitative guidance to a qualitative guidance. In this example (Unemployment below 7%) the central bank will generally state once figures are close to their target that they are interested in the quality of employment. Now that they have increased the amount of people in work, they will focus on what quality of work that is (qualitative guidance). This means they will focus on the whether the jobs added are simply part time positions, zero hour contracts and whether the measured average earnings are improving. Once the central bank has made the shift from quantitative to qualitative you can have situations where a headline figure that was previously positive for the currency is now negative, as the central bank and market are now focussed on figures behind the headline figure. So for example unemployment goes down yet average earnings are weaker, this will cause what appears to be a positive data point to be negative for the currency – this is an example of why the headline figure doesn’t always paint the full picture and as traders we need to understand the difference between quantitative vs qualitative guidance.
Finding Entry and Exit Points - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course Hey guys, I'm back with another video to help you in answering questions regarding your Forex Trading Strategy. In this particular video I will explain how to find the the best entry and exit points. To be honest, if there is one thing in trading that I wonder the most, it is how to define the perfect entry. The reason for this is that you can never really predict where the price is going to move from and where to it is heading. What I do is I break the trade in two parts. First one is predicting which way the pair is going. For that I use fundamentals. For example, we can predict that USD/CAD is going up because we know that in the long-term USD/CAD is going up. When we know which way we want to trade we can determine, roughly, how far the trade is going to go. In this way, we get a very good structural framework to trade from. Obviously, the next part is to decide where to get in. However, as long as you know what fundamentals support the long trade and you have at least a rough idea of where it is heading the specific entry point is not that important. On the other hand, it is important if you want to limit your risk and place the stop losses etc. How do I do it? I simply use levels of support and resistance to get in. My levels are as simple as double zero levels. For instance, 1.2400, 1.2300 and so on. Thanks for watching and I will be back soon with more videos answering your guys questions and helping you to develop your own Forex Trading Strategy.
Positive Currency Correlations - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course Positive Currency Correlations This is another quick video to answer some of the questions and comments that you leave on the blog and socials. First of all, thank you very much for doing that. Keep those comments coming because they allow me to know what questions you want to ask about professional trading. So today I'm in the office here at SMILe and I'll do a question about positive currency correlations. We already did a videos about correlations of different assets https://goo.gl/RZ5Ymi and about currency pair correlations in general https://goo.gl/hw0wRq. This time I will look at the positive currency correlations specifically. ----------------------------------------­----------------------------------------­----------------------------------------­----------------------------------------­-------- Join my Free Video Course and Learn Forex Success: http://www.jarrattdavis.com/go/free-f...
Currency Crosses - Forex Trading Strategy Q&A
 
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Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course This is just a quick video to answer the questions you guys been posting on the blog and on my socials. The question we are going to look at today is about currency crosses. A major currency pair would be anything that involves the US dollar, for example GBP/USD, EUR/USD, etc. The currency crosses are something that does not involve the dollar, for example, GBP versus JPY or GBP versus AUD. The question I will answer today is how does trading currency crosses relate to trading major pairs. For instance, is buying the GBP/USD and selling the AUD/USD basically the same as buying the GBP/AUD cross? ----------------------------------------­----------------------------------------­----------------------------------------­----------------------------------------­-------- Join my Free Video Course and Learn Forex Success: http://www.jarrattdavis.com/go/free-f...
Forex News Trading Strategy Wc 10 December
 
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Learn to trade with us here! https://www.jarrattdavis.com/learn-to-trade/ 0:43 UK & US CPI releases will be overshadowed by central bank events 2:35 Yellen likely won't rock the boat on her last Fed meeting 5:18 ECB rate decision: keep an eye on the inflation forecast
Market Correlations - Forex Trading Strategy Q&A
 
04:09
Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course What are the Market Correlations and how to keep track of them? The concept I will talk about in this video is market correlations. It means that different market assets being correlated to one another. The video regards the question that I received trough social media which was 'I noticed today that gold rose as a result of treasury yields dropping and I had no idea they were correlated had I known I could have gained a lot of pips from gold increasing today because I actually was already aware early that the yields were dropping but did not know it was correlated with gold'. First all, in the general sense lots of different assets in markets are correlated and the easiest way to explain how and why is all to do with Risk-On Risk-Off. So the Risk-On is when the market gets kind of greedy and not scared of risks. You have probably heard the saying that the market cycles between fear and greed. In it's greedy phase market will try to make as much money as possible . So the traders will be attracted to those things that give the high yield. For example, in currencies they will be attracted to those currencies that are paying the highest interest rate. Obviously with yield comes more risk. When market is scared (Risk-Off), traders do not care about yield anymore because they simply want to go for safety. In this question we are specifically talking about gold and US bonds. What's the correlation here? Bonds and gold are both Risk-Off assets. So if the markets get scared for example, whenever the stock market is crashing, you might notice the prices of gold and the value of bonds to go up. When the value of bonds go up the yield goes down. In exchange for safety of gold or bonds you do not really get a yield. That's exactly what happened in the given question. I do not know exactly what date it was or what was the situation but even just by looking at what happened we can see that it was probably risk off day. Everyone was buying into gold because they did not want to take any risks. So the value of gold rose and at the same time the value of treasuries was going up. So obviously the yields on those treasures went down. When you see the yields going down it is a very good indicator that as long as there is a good reason for this (this is when you need to look at the fundamentals) the value for the risk off assets such as gold will go up. In the currency markets a risk off asset is Japanese Yen. Therefore the value of Japanese yen goes up when the market is scarred. When the market is not scared and does not care about risk it will go for currencies that have a high yield. For example, at the moment when I'm recording this video in 2015 high yield currencies are New Zealand dollar and Australian dollar. To sum up, it does not really matter which markets it is. It does not have to be gold, does not have to be bonds it is all about whether it is a Risk-On Risk-Off asset. So if you see treasury yields falling first thing you need to do is look for the reason. Is something happening in the market that caused a concern or panic? If that is the case, you got a very good chance of making some money by buying gold. If it has not started moving there is a pretty good chance it will start following. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Join my Free Video Course and Learn Forex Success: http://www.jarrattdavis.com/go/free-forex-course/
Forex Day Trading - Forex Trading Strategy Q&A
 
03:56
Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course What is Forex Day Trading? How does it work? I would consider myself a day trader, however if I’m in a position and it goes against me and I’ve got full confidence in that position I will continue to hold that position over a period of days, weeks, or even months - that's very important to bear in mind. I call myself a day trader, but I do sit down the charts on a daily basis and try to take short-term gains out of the market. The key to trading the Forex markets is having a premium news feed, because what’s key to day trading is focusing on something called sentiment. A premium News feed is designed to give you need up-to-the-minute, constantly updated news on a daily basis so that if anything happens pertaining to the markets or geopolitical developments it’s on the news feeds within twenty to thirty seconds and we can observe the affect on the markets and consequently trade that information. So basically what you need to do is come to your charts in the morning, you need to look at the currencies that have been moving overnight or the previous session and you need to figure out the reasons why those currencies have been moving. If there is a good fundamental reason or a good sentiment based reason why say the pound has been going up, that's a good reason why it might continue to go up over the current session so you will then look to buy that currencies or sell the currencies that are going down. It’s key that you only trade a currency that has a good reason for moving, some currencies will go up for no apparent reason don't trade those, only trade currencies with a sentiment of fundamental driver. The reason it’s pivotal to have a premium newsfeed is because whilst the session is in play the sentiment can change, so you need to know what's happening across the markets and what those reasons for price fluctuation are. Of course sometimes price action will change and there will be little reason for it essentially just the market pushing price around, but if you’re tuned into all the economic news affecting the markets you will begin to notice what the market is focussing on and how it reacts to specific data points and of course we can look to take some pips once we’re tuned into that information.
Forex Risk Management - Forex Trading Strategy Q&A
 
04:28
Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course Many of you know that I have a unique view on risk management and what I’m going to do in this video is just explain a little bit further how I view risk management and why I approach risk management in a different way to most other professional traders. I split risk management into two parts the first part is financial so for example you don’t want to risk losing too much, you don’t want to risk losing your entire account don’t risk too much per trade because it can have an adverse financial impact, this is the obvious aspect of risk management that everyone is aware of. However the second the aspect which is what no-one really talks about and what I feel is the most important aspect of risk management is revolving around knowledge, you may be thinking how does knowledge relate to risk management? Basically knowledge will take the risk out of an activity, the more knowledge you have, the more skill you have and the more practice you have will reduce the risk of any activity. Let’s take for example rock climbing if you have never done rock climbing before and you venture out to mount a cliff face it’s pretty risky, if however you’ve been climbing for thirty years you have all the correct equipment and you know exactly what you are doing the risk is greatly reduced in that scenario, it is still risky but the risk is far less. The same applies to trading part of your risk management should be the increase in your skill and the development of your knowledge, so that the more you know the more practice you have in the markets and the more skill you develop the less risky trading becomes. So it’s not just about financial risk but its about how well you understand the markets and that’s where fundamentals coming so that understanding the reasons why the markets moves is key to drastically reducing the risk as it gives you confidence and it gives you skill rather than staring blankly at a chart waiting for an indicator to turn blue or red and then hoping the price goes in your direction. That is why technical trading on its own is a far more random way of trading and you’re going to struggle to succeed doing that as you are not building up any knowledge or you’re not building up any skill you’re just looking for somebody else to do the work for you and hope it works. With fundamental trading and that thinking like a professional trader you are developing the knowledge and skill set of your own just like you would in any other career, over the years the more you practice that skill the better you will become and the less risky your trading will become.
Forex News Trading Strategy For The Week of 9th - 13th February
 
03:45
Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course This week’s “high impact” news event that I will be looking to trade is as follows; Thursday 12th February 2015 GBP – BoE Inflation Report, BoE Inflation letter & BoE Gov Carney Speaks - 10:30am The inflation letter has to be sent to the Chancellor of the UK to explain why it is outside of its targeted band, but more importantly he will have to explain what he is going to do to address the issue. The Bank of England is in a very interesting situation at the moment as it is the second bank expected to hike after the Federal Reserve – as such they have taken quite a staunch stance disregarding inflation and accrediting the drop to oil prices and instead they have reiterated that their focus is on wage growth, which of course has been improving. If jobs data continues to be positive with some attention on the importance for a rise in GDP we could be in a situation whereby despite falling inflation the markets left speculating the imminence of a tightening of policy by the Bank of England. Any rate hikes wouldn’t be feasible before the latter part of 2015 but it will certainly be before anyone else considering all its major peers except the Fed are cutting rates, once the market gets over the US hike it will begin to question who is next. If the inflation report is a continuation of their previous report i.e. they acknowledge the drop in inflation, comment on their lack of concern and advise it’s temporary – whilst maintaining that ultimately they are still on course with their plans for monetary policy. The above statement could see a nice positive up surge for the GBP, this is a risk event that I feel we could trade into by buying the GBP ahead of this inflation report as there is nothing to suggest that the Bank of England will change their tone. Of course there is a higher risk with this as if they do change their tone you want to be making sure that you are getting out of any GBP positions, I also wouldn’t be trading cable and instead would pick a clearly weaker currency such as GBP/JPY, GBP/CAD or perhaps GBP/AUD any currency whose next anticipated move is a rate cut.
High Yield Notes Auctioning - Forex Trading Strategy Q&A
 
02:37
Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course How does the Treasury Department affect the FX Market when auctioning the High Yield Notes? The answer to this question is quite simple. It all depends on the demand and where that demand is coming from. High Yield Notes are obviously the government bonds. The high yield means that you get a higher return than you would get in the other places. So, basically, if the treasure department is auctioning their high yield bonds the investors will, obviously, want to buy them. Simply because it will give them a good return. When we say Tresure Department we are talking about the US Treasury. Furthermore, we are talking about American bonds. If the demand for them is coming from outside of America, let's say foreign investors. Think China, Japan, Europe, anywhere outside of America. Those entities, those institutions are going to have to buy US dollars in order to buy those high yields in treasury. So, obviously, that can have an impact on the US dollar. In the scenario we've just discussed it's would force the the value of the US dollar up. If the demand, during these auctions, is coming from internally. For instance, from internal investors. Obviously it is not going to have the same kind of impact. There will be no currency exchange going on so the impact to the FX market will be much smaller. The impact the high yield bond auctioning has on the FX market is quite limited. Particularly, on a day to day basis. It is very difficult to determine when this is happening and in what quantity. So in terms of trying to trade this - it is fairly tricky. But in general, that is how Fx market is affected by the Treasury Department Auctioning of those High Yield Notes. Hope that helps and keep those questions coming! --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Join my Free Video Course and Learn Forex Success: http://www.jarrattdavis.com/go/free-forex-course/
MT4 Forex Trading Platform - Forex Trading Strategy Q&A
 
01:56
Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course What Forex Trading Platform do I personally use? Lots of people asked me what platform I’m using for my own and my client’s accounts; the answer to the question is simply MT4. Allot of people think MT4 is a retail platform and that mainly retail trader’s use it, which is true. The reason I use MT4 is; first of all because that's basically what I've been brought up on in the trading world, I started as a retail trader on MT4 and I’ve used it ever since. What I like about it is; it’s very simple to use it’s got allot of functionality and you can trade off of the charts, it’s got everything you need a platform in my opinion to trade currency markets. The second reason is MT4 is a very versatile platform, so it makes managing other people's money and trading different kind accounts much easier when you can easily connect MT4 accounts up if you’ve got different platforms from different clients and different stuff going on it’s basically impossible to connect all those together. So if you keep it under one umbrella MT4 is the most popular one, that’s what everyone is familiar with, and another reason why I continue to trade MT4 to this day. So I hope that helps answer your question, please keep your questions coming. It doesn’t necessarily mean that you shouldn't take any other platform that’s just the platform I trade and the one I feel most comfortable with.
Forex Trading Confidence - Forex Trading Strategy Q&A
 
04:38
Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course How to Regain Your Forex Trading Confidence? The best way to do so is to go back to a demo account. I know a lot of people think a demo account isn’t the same as a live account however, that’s the point. You need to remove that psychological burden of risking money and prove to yourself that the strategy you have and the way you trade is working. The way I trade is by focusing on the fundamentals, so I keep a close eye on the news and look to trade that news to each currency as it plays out. To do that effectively you need to be able to trade freely and without any worry of risking money. If you do that for two or three months and you see a profit every month, you know that you’ve got a strategy, you know that how you’re trading works and that you’re able to make consistent money. Then you can open up a small live account and carry on trading the exact same, and then you can build up very slowly every month. There’s no rush to try and make a living from trading because once you crack it, you can make a living trading forever. The markets don’t change, the fundamentals will always drive the prices and once you get that routine down you will find yourself taking trades intuitively. But to get to this stage I would recommend going to a demo account whilst not listening to people who say it’s not the same as trading real money and try not to give into those impulses to be impatient, it’s all about building up a business. In terms of developing a strategy, the strategy that I would look at is trading fundamentals which you can follow on my blog with all the free videos I post. I’m looking at what’s driving the price, what’s caused the move and then I look to take action and trade. For example, if the central bank of a country has raised interest rates then I would look to buy that currency on pullbacks using support and resistance levels or Fibonacci levels which is very simple. It’s all about the reasons why currencies are moving. So the strategy I would advise is basically the strategy I trade, which is looking at the fundamentals and trying to tune in to which way the market is moving.
Option Expiration. Effects on the Forex Market - Forex Trading Strategy Q&A
 
02:45
Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course How does Option Expiration affect the Forex market? Option expiration is one of those things that a lot people struggle with. It is because they see them coming through the feeds, they see that there's an option expiration on certain currency pair at a certain price yet they do not know how to trade that. So how can you make pips from an option expiration? The whole concept of option expiration is a complicated one. It is very difficult to predict whether an option expiration is going to push the market up or push the market down. Partly this is because you need to know various strike prices for certain options. Basically, only when you know whether the strike price is above or below the price you can expect whether or not traders are going to exercise those options and buy or sell that currency pair. However, very often an option expiration of a certain price will act almost like a magnet. For example, if you got an option expiration of a billion on EUR/USD at 1.10 the price will tend to gravitate around 1.10. It might come up maybe beyond 1.10 a little bit but most likely it will eventually come back down. In a way it will just hover around option expiration price until the time of the cut. Obviously, the whole answer to the question is complicated. It involves strike prices and calls and whether or not trades are going to be exercising those options. This kind of information, as I said, is very difficult to get hold of. But the simple way of trading this is understanding that really big expiry orders (I'm talking maybe over $600 million to a billion to $2 billion to $3 billion) tend to act like a magnet to the price. With this information on its own you can make some pips. It could help you to scout the pair range, trade that pair up or of that level. To sum up, it is quite useful information but it is not really something to make a trading strategy out of. That is how the option expiration affect the Forex market. Hopefully you can use that information, even if it is a tiny bit of an information, in order to make some pips. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Join my Free Video Course and Learn Forex Success: http://www.jarrattdavis.com/go/free-f...
Forex News Trading Software - Forex Trading Strategy Q&A
 
01:53
Need help becoming profitable? Watch this interview, where Jarratt reveals THE EDGE, which got him #2 ranking: http://www.jarrattdavis.com/forex-course In this video I will explain what Forex News Trading Software I am using to stay up-to-date with the market. Many people associate news trading with some high intensity black box magical system, however you’ll be pleased to know that all I do is tune into the market, by focusing on what the central banks are saying and how those economic indicators are going to affect what the central banks are doing. So I don’t use any special software that tells me what the markets are doing, however I do use premium news feeds- I use a service called Ransquawk which delivers all the data instantly and extra analysis on top which helps me stay in tune with what’s happening at the time. Apart from that, there’s no special software, trading the news is very simple and I think anyone can do it.
Retail Brokers - Stop Hunting
 
10:18
Welcome to my special video presentation on retail brokers. I will do it in four parts. This is the first part and there will be three other parts following this video. So each video won’t be too long. Basically, this presentation is based on series of emails in which our members shared their experiences with the retail brokers. They found it really frustrating that every time they got in to the markets they got stopped out and it really seemed like someone in there, perhaps the broker was really trying to play against them. Every time they placed a trade the price almost immediately hit its stop and so on. So what's going on with retail brokers? Are they stop hunting? Are they trying to take all your money? How does it all work? We are going to answer all these questions. As I said, we are going to do this in four parts: The first part will cover the topic of stop hunting. Do brokers hunt your stops? Do they deliberately move the price so that your stop gets hit? The second thing we are going to look at is intraday volatility and changing market conditions. What does this mean? How does it impact where you should place your stops? The third topic is something called the b-booking. You might not be familiar with the terms of b-booking and a-booking yet. So we are going to look at what exactly that is and why b-booking is so relevant if you are a retail trader trading at the retail broker. It’s very important to understand what b-booking is because that will help you to understand this whole process much better. The fourth part will explain what happens to profitable traders. If you are trading at retail broker and if retail brokers are hunting everyone’s stops then what happens to the profitable traders? If you are successful what happens to you? How do you get fit in to this whole puzzle? I hope that you will get the much deeper understanding on how retail brokers work as this presentation unfolds. It should also explain to you what's going on when you are having this kind of periods when it seems that your every trade is stopped out and the markets are really running against you. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Join my Free Video Course and Learn Forex Success: http://www.jarrattdavis.com/go/free-forex-course/

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