I've Traded For 10 Years : Here's What I've Learned
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- Опубліковано 29 чер 2024
- How to become a profitable trader and win at trading? There are lots of trading lessons that i'd like to share with you after trading for more than 10 years. Trading lessons i've learned from stocks, forex and gold trading.
I've been a scalper and then a day trader and then finally to a long term trader. I've tried many trading strategies and made a lot of mistakes before i was able to learn these trading lessons the hard way.
I hope that you'll take these trading lessons and learn it the easy way rather than the hard way so that you can win the game of trading faster and more efficiently without losing a lot of money.
Disclaimer:
The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.
Investing and trading is a high risk activity and should be approached with caution. I am not a certified financial advisor. Hence, it is important for you to seek a certified financial advisor to craft your portfolio.
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Singapore youtuber profile:
Karen Foo is Singapore trader, investor, financial trainer, author, motivational speaker and international speaker. Her content on UA-cam and Tiktok has helped tons of traders around the world to master trading.
Karen is actively involved in speaking at various financial conferences, seminars, expos, workshops and publicly-held events in Singapore, Malaysia, Thailand & Vietnam. She has shared the stage with top investment gurus and CEOs at the various conferences she has spoken at. She is also a TEDx speaker.
Having overcome numerous setbacks in her life, she has gone on to inspire hundreds and thousands of youths, working executives and leaders of various companies with her stories.
Being labelled as the “quietest student and underachiever” throughout her life, she went on to win numerous awards in public speaking contests, traders awards, academic awards & scholarships.
She graduated with a business degree specializing in banking and finance from Nanyang Technological University where she was listed as a featured alumnus. She was also nominated for NTU’s social responsibility gold medal award for her various contributions to charity. While in university, she was already interviewed by Singapore’s national TV, Channel News Asia as a young investor.
She is also the contest judge for numerous public speaking contests held around Singapore, ranging from club level to National level contests. She also represented her university 2 times at a national public speaking competition.
She was also featured in TV, radio, magazines and documentaries for her academic & career achievements. She has also written financial articles for her university newspaper and Singapore’s popular news platform, The Strait Times.
She was voted as the “Best Trading Guru in Singapore” by Traders Awards 2019. She was also given the “Top Popular Analyst in Asia” award by Wikiexpo.
Karen represented her university in a trading competition and managed to rank #1 in a Singapore nationwide Forex trading competition, competing with over 200 traders from NUS, NTU, SIM, SMU & the 5 polytechnics based in Singapore. She was also ranked 10th in a contest organized by FX Street, competing with over 3000 traders from over 20 countries. She was also ranked top 3 in other Asian trading contests.
She is the author of “Fundamentals of Currency Trading”.
Her wide range of experience has also led her to co-author a book, “Turning Ideas into Profit” with 10 other experts and professional speakers. Karen is also a contributing author of an investment book titled “Your Cash Moves”, where all the proceeds are donated to the Singapore Children’s Cancer Foundation.
Karen Foo's email: karen@karen-foo.com
Manager's email: admin@karen-foo.com
Website: www.karen-foo.com
Facebook: / karenfoospeaker
Instagram: / imkarenfoo8
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Music Credit:
• I've Traded For 10 Yea...
Share with me and the community what is one lesson you've learned the hard way
P.s. Please be aware of impersonators pretending to be me. I don't use WhatsApp or telegram and also won't go around messaging or following people.
Investing and trading based on UA-cam suggestions will end up in Big losses.
I Lost almost All my retirement savings.
@@SaravanaKumar-bs2lf rule #1, make sure you learn from the right people. Rule #2: Don't invest or trade with money that you need :)
Not to spend 7+ hours a day on the charts
The lesson I have learned in a hard way is that I don't have to have all Forex pairs on my platform.
This year I decided to only have 12Forex. Majors and five others.
just for summary
#1 Make Sure that you're emotionally stable before you make a trade
#2 Staring the chart all day is counter-productive
#3 Being a defensive trader is better than being aggressive
#4 Opening less trades will make you more profitable!
#5 Don't buy market just because you're scared of missing out
#6 Overconfidence Kill more accounts than fear
#7 Discipline is EVERYTHING!
It's all golden advice from Karen, you're really great trader 👍🏻🙏🏻
Her sense of humor caught me off guard and its so smooth😂😂😂 video quality/editing is so good tho.
Anyway, im saving this video on my playlist as my golden rule from now on
I'll need to improve on my video quality, lighting and editing. :')
Dear Ms. Foo: Thank you for generously sharing your sharp analysis.
I am a beginner and l am trying to gather information that will guide me. Thank you so much. I will continue to learn from you and when l start trading l will inform you because l think you are a good teacher. Have a good day
About 2 years ago I watched one of your videos where you explained why you are a swing trader, I couldn’t understand then. Fast forward to 2 years later I am now a profitable swing trader and I can relate perfectly to everything you said. It takes a level of maturity and experience to realize that you’ll make more money by trading less. Thank you Karen, much love and respect
You're welcome. yes it actually took me a few years to understand this. That's why so many hedge fund forex traders and professional traders trade long term. Glad that you've made so much progress
I want to start trade forex.
great advice as always!!
very informative. Thanks ms.karen!
most important lessens KF. God bless you. I was traded in forex in 2010 for a few months. after long time now i am going to start Forex trading with disciplane and risk management. learns a lot from you. thanks.
Your sincerity, simplicity, honesty, transparency and selfless effort to support other traders technically and fundamentally has always impressed me..I wish you all the best..
Very refreshing. Brutally honest. Thanks for the advice.
Glad it was helpful!
Every. Single. Point made. She is right on point. Especially with emotions. You have to be in check with yourself and self aware. Keep the world at the door when it's just you and the market.
Thank you Karen, the best trading mentor! 🥰
Your videos have helped me become a profitable trader after less than 2 months.
God bless you and your family 🙏
You're welcome. I'm glad that my teachings have helped you make such good progress
Most realistic and apt video!! Thank you Karen. Your insights are a blessing to many!!
You're welcome. Thanks for your kind compliment
Waiting here ❤️
Very grateful 💕💕
Superb 👏👏👏👏
Thanks a lot dear teacher I am beginner and i am learning from your video
Thank you Karen.
Thank you so Much Coach 🙌 Love from Philippines 🇵🇭
You're welcome
All dishing out value and insight
Thank you for the content
Thanks for all your efforts you put in your videos
Thanks for sharing ❤️
You are so welcome
I learnt & have experienced never be over confident
Karen, useful tips 👍
very realistic advice...
Thank you Britney, you help me a lot with my trading.
You're welcome. i'm glad i could help
Thank you for your suggestions.
You're welcome
Being so humble, honest and generous with your knowledge truly transform traders skills and behavior . Thankyou and God bless you Ms. Karen Foo.
You're welcome. Thank you for your blessings
thanks alot miss karen
Everything you said is really true..thank you karen..you are my inspiration
You're welcome
I appreciate ur preciouse time🙏 thanks this and for all
You're welcome.
Thanks for your great tips. #6 is the best. Overconfidence attracts loss. You are right.
You're welcome
Love you Karen!
Really thank you mam, really superb video.
Welcome
Thanks karen , your advice help me alot more confidence to become succesfull trader
You're welcome.. I'm glad it helps
KarenFoo you are my favorite Master
Thanks for your compliment and support. It means a lot
Karen 👸, you’re one of the Greatest Educator’s 🍎
Your sincere and down to earth. Thank You for sharing your Lessons you learned. Specifically how you have so many Loss , but Good RISK Management ❤
I appreciate your kind compliment 💜
Thanks karen
Karen I love you. From Cameroon, Thanks a lot
You're welcome
You r great kareen who is providing the core truth to work in Stock Market. Thanks a lot & love Kareen.
Hello
Karen..I am from India.
And Your Information is So useful.
Glad it was helpful!
Hi Karen, I'm a self taught beginner trader and I was wondering if trading cryptocurrency is simpler to begin with compared to trading in the forex market...what are your thoughts on this?
Thanx!
Ty for always making video to encourage us to be a better person.most of time I feel of giving up n suddenly u appear in UA-cam it's not once but many times.🙏🙏 Becoz of u I jumped in to trading field.within tis 2n half years in trading life I had learned alot of mistake tht u mentioned.n yet m stil struggling n improving myself to be a matured trader.inwil not give up!
You're welcome. All the best to you!
Maam you are so kind hearted.. Big big fan of you
Great lessons, thank you 😊
You're welcome
@@KarenFoo 😊
Hi karen . For someone who juste started trading and made all the mistakes you are saying is so true. Thank you so much for these very informative videos BUT THE MOSTLY YOUR HUMOUR YOU ARE SO FUNNY I LOVE IT. I AM SUBSCRIBED FOR EVA
You're welcome. I appreciate your support
Greetings from Canberra Australia, Karen. Thanks very much for your clear, simple and concise and humourous little vids! One thing I Iearned the hard way: DON'T trade the same pair TOO SOON after a losing trade to "make up" the loss; even if it doesn't feel like a revenge trade, the emotions ARE running high whether it's FOMO, anger or "wow it's going the other way after all!".....all of these cloud your judgement and get in the way of learning from the losing trade.
I'm travelling to Singapore in late April and early May. It'd be an awesome treat to meet you, if you are doing any public talks around that time. Thanks again and cheers for now!
You're welcome. I appreciate your kind comment. We all learn things the hard way sometimes. Yes i will be doing a free talk in singapore in May. Think it will be at the end of May. hope to see you too!
@@KarenFoo oh that would have been fabulous! Sadly, I'm flying outa Singa's on the 12th......oh well. Thanks very much for your reply too. Lance A
G.O.A.T Karen master ❤️
There is a lot of sense into what she is saying
Well...I don't like to admit it but I plead guilty to all these misstakes and learned it the hard way...
But its a releave that i am probably not alone in this journey.
In my opinion one off the most valuable videos out here! And for sure some newcomers will remember her words in the future!!
Thank you for your effort 🙏
You're welcome. Thank you for your kind words
Love you ❤
💜💜💜
@karen I always wanted to ask what is the average duration of your typical swing trades? I hope you can answer
Your videos are so good can you plz make a video for beginners who even don't know how to sell and buy like me when i sell or buy anything then i just don't know what should to the next i mean when i need to close or something els...love from ,pakistan🇵🇰
I am Day Trader In India.
Part Time.
100 trades a week got me. 😅 damn those traders are legendary.
I bought your book 2 days ago, so informative! Thank you
You're welcome. Thanks for your support and happy reading !
Sound good
How do I force myself to be disciplined?
Seen and lost a lot of money with many video. Hoping to learn from you.
All the best
How about doing backtesting for new beginner? I need to spend time looking at chart right? Pls correct me .
Karen, what are your thoughts on Smart Money Concept?
Hey what the idal holding time on option trading
Madam foo hoping to you to notice this question comment.
So I set a rules in trading that every week my goal profit is 2% while risking 1% the question is.
I have 2 active trade and i target the TP to 1:2 which is 2% when TP hit each of trade and now even its not yet TP hit the running profit both combined is total of 2%. Do I close the trade because I already achieved my target percentage per week as well considering that today is friday and next day is weekend?? Hoping for your answer thank you!
I never regretted I met you
oh at one of my seminars? Thanks for coming
Very good video Karen , you’ve really put it All out there for us to better ourselves, thank you 🙏 ❤
You're welcome
Thank you mama
ain't nobody here your mama
@@KarenFoo 😂
@@KarenFoo sorry it is madam
😂😂😂😂✋🏾
You are looking soo beautiful. I like your hair style. 😍
Karen Foo. The greatest forex trader on the planet.
"Displine is everything."
-Karen Foo
Thanks Karen. What timesframes do you consider higher time-frames, what timeframe do you trade majorly ?
h4 and above are considered higher time frames
@@KarenFoo Thanks Karen
Trade psychology**
I hope i get to meet you in person someday
Emotion is the killer. But proper management kills fear/ emotions
Emotion means you really don’t know what you do.
Hi Karen, is there a forex exchange trading internship in Singapore? Any recommendation? Cuz I have been looking for almost a year after I graduate....
But u need to see if u are stop lossed and u have to go in again when there is a chance. U also can take profit . And trade again if there is a chance.
Hi Karen
Can I ask you what you can tell
About V5 forex global trading
Is it scam or legit.
Thanks
You'r cute and funny😭
i saw her first 💪
Hey Karen love you’re videos learned a lot from you. How do you feel about funded trading accounts ? I’m a good trader but I see the way I trade I need more time in the market and the only way for that is liquidity
I've already made a youtube shorts on this and the link to my recommended prop firm is there too
You are sooo cute 💓...i am not trader..but i like your video... your talking style amazing 😊✌️👍💕
Time to become a trader then
i am the fluffiest ducc of them all
what ? 👽
@@KarenFoo he the ducc 👽
🤷♂️
Not sure what you're saying..☺🤭But, if you're talking about trading, yes, thanks for the lesson!
if you're not here to learn how to trade then why are you even here
Last night I had a dream about Queen Karen Foo!
She had come to pay me a visit to Uganda. But I saw us getting a drive by someone I have never seen and in a car so special that I have never seen.
Can someone interpret this dream for me here?
Please in all humility I will want to give interpretation of your dream, I believe you will get a direct of whatever Queen Karen Foo carries, but you have to be very much acquainted to her teachings. Her wisdom and knowledge in trade will dawn on you
I moved to the Higher time frames and I became more profitable. No leverage just spot trading cryptocurrency. Marster spot trading then keep learning.
Can you teach me...
hi madam
That sounds like the beginnings of a country song...
"My wife threw away my goldfish and took the dog when she left.
Now I'm sitting here all alone, trying to trade away my stress..."
Hahah nice
Love your sense of humor i am also learning to trade. Hopefully i can achieve my goal 😊
🎉
Are you study with britney
But ma'am as a scalper you do have to look at the charts all the time
Hallo i'm new on forex trading with small trading account i'm researching for mentor please .
Toast box my frequent breakfast place
Everyone loves it
Those eyelashes tho 👁️👁️
i don't wear fake eyelashes
Is there any way to contact you?
You can talk to my manager if you need any help: admin@karen-foo.com
Hi I am from Egypt I wish you help me to be professional trader I am from Egypt 🇪🇬 and no one of Arab help me most of them scam how can I make such as you
Lovely video beautiful lady, I am in love with you ❤️
Please leave my grandmother's life savings out of this 😂
Then your grandpa's savings
@@KarenFoo It's my ex's savings 😂😂😂.
Guess who blew her Account? Me! That’s why I’m here lol 😂 don’t worry I already cried last week.
all professional traders have blown their accounts at the start of their career. keep learning and growing :)
@@KarenFoo roger that!