Pains Only Traders Understand :')
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- Опубліковано 22 жов 2024
- Can you relate to these trader struggles that only forex traders can relate to? These are common mistakes traders make when they first start out. If you were wondering why is forex trading so difficult, these are the 3 reasons why.
Forex is hard if you don't know how to manage your psychology. What i've shared with you are also forex trading mistakes to avoid. The reason why is forex so hard for most forex traders is because they are not consistent with their emotions.
So i hope that you can avoid these forex trader mistakes that i've shared with you.
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Singapore youtuber profile:
Karen is Singapore Forex trader, Singapore motivational speaker, Singapore youtuber, Singapore vlogger , author and was ranked #1 in a Singapore nationwide Forex trading contest.
This trader vlog showcases the trading lifestyle and entrepreneurship life, plus weekly motivation for those that are not traders.
It's also a Singapore vlog where most of the shots are done in Singapore. She will also be bringing you around the island to explore Singapore.
Karen is a motivational speaker based in Singapore and Malaysia and delivers talks that touches the heart of her audience members.
She is a motivational speaker that is well sought after by many schools and event planners as she is known for solving several teenage problems as she has experienced many setbacks as a teenager back then.
Email: karen@karen-foo.com
Website: www.karen-foo.com
Facebook: / karenfoospeaker
Instagram: / imkarenfoo
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Music Credit:
Road Trip by Joakim Karud / joakimkarud
Music promoted by Audio Library • Video
• Pains Only Traders Und... 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.
All 3 struggles, been working on my psychology, sticking with my risk reward ratio and not going in and messing with the trade once I set it, it’s tough waiting for targets to be it, but I am also keeping lot size low. Thanks Karen love you! 🥰
Love you too 💚
😄 I can certainly relate to all 3. Trading can absolutely mess up our head & cause us to do stupid decisions ! Kudos to you for helping traders to turn their deficit into profit 👏🏻👏🏻
Yes it can mess up the psychology especially for beginners. Gotta take time to get used to it
thanks karen, u motivate me to woek more and more, one day, the story will change. more love 🥰🥰
Which struggle can you relate to?
@karen foo I'm so happy to see your gettin more love then hate. You just warmed my heart.
Karen foo, I want to join your platform, but it's still rough. Hopefully by the end of February. One last thing. Please tell me you got my care package. It was a present.
please stop wearing guy's clothes. you don't have a dick. stop acting like you have one.
@@joellim7010 that's no way to talk to a lady. That's your name? Little big big? Why are you here? Do you even learn anything from this channel?
@@johnathangrey3463 probably thanks to you 😊
I suffered Struggle number one on usdchf this month, getting stopped out and watching it rise.
And struggle number two this week when I closed a trade too early before the profit release. Struggle number two was simply a lack of discipline because I didn't follow the exit plan I had when I initially entered the trade.
Thankfully I haven't experienced struggle number 3 in a while because I ALWAYS keep my risk managed.
Thank you for your free videos Karen :)
You're welcome. Hope you wont go through number 3 because that's the most painful 😂
@@KarenFoo It is without a doubt the most painful Lol. We're now wired to avoid that intense pain simply by following our risk management parameters, no matter how over confident we feel.
Ms. Karen, I love how you spent the last few minutes of the video on how we should pay you all the videos you've made: "to be successful." wow! I appreciate your time and effort on making videos for us, Forex traders. This channel deserve more subs!
Thank you for your kind compliment Marc. UA-cam will decide my fate 🙂
This is so true!!!!!!! Lol actually blew one of my first accounts as example 3 you just showed. You are 100% correct in everything you said in this video. Be happy with your stop loss, happy with your take profit, and leave the trade alone. All the work gets put in BEFORE you enter the trade. Great video again Karen 👏🏼
Thank you Roberto. A lot of traders including myself actually have been through number 3 😅
I can relate to the 3rd struggle. Had a 230k account size and made a mistake on a 5k trade placed multiple trades lost half my account size to half that day. A huge blow.
Sorry to hear that.
thankso much karen foo. i only just discovered your channel yesterday and your contents are super valuable
Jorwel. That's so sweet of you to say that ☺
I can relate to them all. Blown up account 3 times but I am thinking of starting again. I will only fail if I will surrender. Discipline will be applied this time
All the best to you
I think my struggle relates to the first very much. I often manually exit my losing trades without a technical reason, but unfortunately the price often did not hit my original stop loss when starting to reverse, just like resistance and support levels, trend line, pullback, market structure etc. This issue is always caused by my psychological bias. I think I have a difficulty in identifying a technical reason to manually exit trade without waste. I guess that time will come to tell something to enlighten my knowledge. If so, I will know when it is right to manually exit a losing trade or not.
You need to backtest and forward test your stop loss strategy then. To build confidence
WOW! This is very informative. Thank you Karen
You're welcome!
Great ma'am
All 3 problems for me ! Could you please share your strategy which you mostly use for any trade .
Email my team for mentorship details admin@karen-foo.com
Thank you Karen!!
You're welcome
thanks and very helpful , yes indeed it happens the same, specially for the beginners :)
You're welcome 🙂👍
I struggle, I dnt get enough time to do the things I want I hope, I hope I will free from my liabilities, trading is so easy . Day by day breakthrough....learn new things it’s good experience exiting..
All the best to you!
Hopefully after NS i will gain enough capital and knowledge by watching and learning from all your videos everyday! :)
Ahh ok. You're still very young. You have all the time to learn 😊
Good
Hello Karen are you doing any presentations in Australia in the near future. Thanks Downunder Trader
Only if there are enough people wanting me to go there
S it happens always to me.. it's better to make a big loss we can book short profits I think..thanks for ur good info
Youre welcome. That's the exact mindset that kills most accounts. Taking small profits and incurring big losses.
Ms Karen. relating to these struggling things. please share your deep thought about averaging and martingale. Thanks
You're welcome. Thanks for your feedback
Tanoto Chen. The martingal is blackjack 21. And you half to have trillions of dollars for it to work.
I do not use sl and tp just watch the chart 24/5.. I got that problem before very stressful
Should use it
thank you very much :)
You're welcome
Thanks a lot this answers my email i ve sent to you weeks ago. This is my big problem
I'm glad it clarified some things for you
So funny, But SO TRUE
So sad and so true too 😅
Good looking today God bless u
Thank you. Bless you too 😊
hello wich brokers can i trust ?
You can watch my broker video for more info
4 haters.....do they ever end?
Nic
The same struggle as u mentioned
Same 😅
Mylokozi katana. So what?
struggle #1 used to kill me Fibonacci has helped with that ALOT
Ahh ok fibo :)
we all gonna be crazy
Once you become experienced....this wouldn't affect you at all 🙂
Dark shadows I already went there. Trust me. This kid is the shield to all that emotional roller coaster.
Karen I can relate to all the three but that very third one. Hm it almost killed me 3k account just went straight down to 0.00
The third one was what caused me to blow many accounts in my first year of trading 😂
Karen Foo I almost went mad. This can't happen to me again. It's not a good feeling and I wish no one ever experience it
My struggle is still not start trading and investing yet. Wtf is wrong with me.
Dont think there is anything wrong with you pal. You probably just need to take control of your fear :)
K.F#respect
#thank you
Struggle 3
👍👍👍
Horryy sheettt lol
Karen foo. The first one. Real man do use stop lost.
Haha yes real men do use it
2 thumperdowners?
@@TwinkleAwasthi0 you mean take a bullet for them? Why? They hate our friend, Karen.