As always never take anyones word for it online, ALWAYS backtest 100 times without risk anything you learn and review your results to come to your own conclusions - it's the only way and a good habit to get into. You MUST remember that trading is a game of long term probabilities and managing risk and emotion, NOT get rich quick - this idea of trading will damage you and unfortunately is what most try and sell you, rise above it!
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Any information presented on this channel should not be considered professional financial investment advice. The idea and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 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. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. This video is for educational / entertainment purposes only, Psych FX holds no responsibility. Between 74-89% of retail investor accounts lose money when trading CFDs