Forex.Today | Wednesday 1 December 2022 | Live Forex Trading Session | Learn how to Trade Forex



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Today’s Lessons:
Wayne reminds us about his past Careers. He also talks about his evolution as a Forex Trader and his “Business” approach for Forex Trading (9:19) / “If you don’t have a plan, you will fail.” – Wayne McDonell / Wayne reminds us that he’s trading the same like approximately 20 years ago (Hint: Now that’s Consistency!) (14:38) / Wayne reminds us about the vital importance of trading only when market conditions align with our Fundamental Bias (18:14) / “You gotta stand for something or you’ll fall for anything.” – Wayne McDonell / Wayne talks about the poll he made by asking the community about Omicron. He also talks about the expert in Covid variants which he hired (25:10) / Wayne talks about South Africa (Hint: the past lockdown, the country in general, risks that Covid can bring, etc.) (28:44) / Wayne talks about Viruses and their intentions. He also talks about the different risks the new Covid variant “Omicron” can bring to the Global Economy (29:51) / Wayne reminds us that he only listens to information from official sources (Hint: examples would be like the WHO, Fed, etc.). He also talks again about the risks Omicron might bring to the future Global Economic situation (36:19) / Wayne explains Leading and Lagging Indicators (Hint: Lessons included like Moving Averages, Pivot Points, etc.). He also talks about the USDMXN remittance trade (37:45) / “You wanna be a Bull or a Bear…Not a monkey or a pig.” – Wayne McDonell / “Always being late will not be an advantage to you as a trader.” – Wayne McDonell / Wayne reminds us about the Power of Simplification. He also reminds us about the vital skill of “reading” the Market (54:23) / “A Bull buys higher lows or double bottoms.” – Wayne McDonell / Wayne shows us one of his old CADJPY trades (1:03:50) / Wayne explains how we add Value to a Portfolio (1:06:34) / Wayne reminds us about some of the benefits of Specialization in one Currency (1:07:53) / Wayne answers to the question “Is inflation still transitory?”. He then continues to talk about some of the benefits of Currency Specialization (1:10:35) / Wayne tells us a couple of stories of when he made some good predictions about Crops (1:11:50) / “Economics is the study of scarcity.” – Wayne McDonell / Wayne talks about his Family History going back 100 years. He also tells us some of his adventures with the Royal Family of Sweden (Hint: This is not a Forex Lesson, but it’s too funny!) (1:18:24) / Wayne explains how most amateur traders lose money (1:34:35) / “You don’t lose money in a Trend.” – Wayne McDonell / “Make a decision and then check reality and insure you’re on the right team.” – Wayne McDonell.

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Seek education and gain experience before risking real money, but please always remember, your past performance does not guarantee future results.

Link do Vídeo