Best Forex Trading Tips & Advice
As you probably know, trading Forex is not easy. It takes quite a bit of skill, work, dedication, and knowledge to be profitable in the world of Forex. Of course, it helps a lot if you have access to the best Forex trading tips and advice around.
If you don’t know what you are doing, chances are very high that you will end up losing a good deal of money. This is not something that you can just jump into and hit the ground running. If you try to jump into Forex all at once, you will end up losing.
There is a whole lot that goes into Forex trading. There are so many indicators, trading strategies, setups, methods, currencies, and more, that it can really make your head spin. Therefore, getting a solid education in Forex trading, complete with the Best Forex trading tips & advice, is what you need.
This is actually what we are here to look at today, one of the world’s best sources for the best Forex trading tips and advice. Keep in mind that today, we want to take a closer look at the source itself, as well as the expert teacher behind it, more so than we want to examine the actual strategies and tips. The point here is that if you know where to look for the best Forex trading tips, your life becomes much easier, and hopefully much more profitable too!
The Man with the Plan – Andrew A
Ok, so the first thing that we want to talk about here is who the person providing you with these best Forex trading tips is. After all, if you are going to be going to this person for advice, you need to know that you can trust them. Well. The man with the plan, so to speak, is Andrew A, a long time Forex traders and economics expert that has seen well over a decade of big time success in the Forex market.
You might know Andrew from a variety of sources. He is of course the mentor behind the Income Mentor Box Day Trading Academy. He is also the creator of various Forex and cryptocurrency signals groups. He also has a strong Facebook and Instagram presence, plus he has also created some of the best automated Forex trading software in the world.
However, what we are really here to look at today is his YouTube Channel, Andrew’s Trading Channel. If you are looking for the best Forex trading tips and advice around, this is by far one of the best sources. Of course, one reason for this is because it is totally free for everybody to access. Moreover, Andrew does some of his best work on his YouTube channel, and it can come in very handy for all traders out there.
The Best Forex Trading Tips from Andrew
Ok, so now that we know who Andrew is and what he does, let’s take a closer look at some of the best Forex trading tips and strategies tutorials that he has uploaded in recent weeks.
Simplest & Most Profitable Forex Scalping Strategy
Andrew’s most recent is one of the best when it comes to Forex trading tips. This is the kind of trading strategy that works really well for people who don’t know much about Forex trading and don’t have much time to spare.
For those that don’t know, scalping is a style of trading that involves placing a large quantity of small trades on short timeframes. This allows traders to make significant profits without having to spend too much time trading, not to mention that it is fairly easy to do. If you want a quick and easy way to make money in Forex, this is definitely a video that we would recommend checking out.
Great Setup for EUR/USD
Ok, so Forex trading does of course involve trading currency pairs. One of the most popular and profitable currency pairs to trade is the Euro and the USD. That said, to make money with this pairing, you still need to know what you are doing.
Well, this particular video on Forex trading tips features Andrew showing his own personal best scalping setup for the EUR/USD pairing. Yes, this is a scalping strategy, one designed specifically for the EUR/USD pairing. When it comes to Forex trading tips and advice, this is one tutorial that you should take a closer look at.
When to Cut Trades
Yet another thing that is very important for you to know in Forex trading is when it is time to cut trades. Folks, the simple reality is that Forex trading is not a sure fire thing. There are no guarantees. Even the most diligent and talented traders still lose money on occasion. Yes, trades go south and sometimes you lose money.
With that said, a lot of Forex trading has to do with mitigating risk and cutting losses, which is what this Forex trading tips video is all about, how to know when it is time to cut your losses and close trades that are not going your way. Specifically, Andrew discusses the two main signs that tell you when it is time to call it quits.
Best Ways to Find Forex Entries
When it comes to Forex trading tips, something that you absolutely need to learn how to do is find entries. Yes, finding the right place and time to enter a Forex trade is absolutely crucial. In this particular tutorial video, Andrew discusses exactly how to find the best Forex entries. There are 3 main ways, and here you will learn about them all.
Best Forex Trading Tips – Final Thoughts
As you can see, Andrew’s Trading Channel is definitely a good source for all of the best Forex trading tips and advice around. Now, if you would like to try your hand at automated Forex trading, and you want to use a really high class piece of software, we would recommend checking out the EA Pip Scalper autotrader.