One of the questions which I get asked the most as a trading mentor is ‘How much money do I need to start trading forex?’ Sensible question. If you don’t have enough to start trading properly then you shouldn’t bother at all right? Not necessarily! I started trading forex on a £200 account. Did I turn that into a million pounds? No, obviously I didn’t. Did I turn that into any substantial profit? Again, no. But I did learn how to trade without losing a load of money in the process which was pretty valuable. And you can use those skills to later apply for funding which I’ll go on to explain later.
TRADING FOREX IS LIKE DRIVING A CAR
I have several analogies where I compare learning to trade the financial markets to learning to drive a car. Let me share one of them with you. Would you suggest a brand new driver in their first year of passing their test drive a Lamborghini? Probably not. No matter how good a driver you are in your first year, there will undoubtably be a few unexpected bumps and bruises along the way, and anyone who’s been driving for long enough knows that. Your first car usually ends up with a few scratches and dents, no mater how careful you were or how you passed your test on your first go. Think of your first car as your first trading account, don’t spend too much on it because it’s probably not going to last too long anyway! Obviously most people go on to drive more or less ok without causing too much daily damage after a few years, this is why your insurance tends to go down. Most traders give up before they get to this point as they don’t need to run a trading account every day to get to work so they don’t get forced to get better through daily practice. I can do a whole other blog post on how the key to success is consistent practice but that’s for another day when I’ll compare learning to trade to training as an athlete.
Most traders don’t make millions in their first year trading. Most don’t even break even. The first year should be seen as a year when you are learning. Like with any job, you have to learn what you are doing first before you can expect to be good or to make money from it. There’s an unrealistic expectation (which I partly blame fake gurus on Instagram for) that everyone who learns how to trade should be making silly money straight away.
LETS TALK NUMBERS
How much can you reasonably expect to make as a forex trader once you are good at it? Let’s assume you’ve put in at least a year of practice and you are a wizard at both technical and fundamental analysis, maybe you could make around 1-10% a month in profit of your total capital if you are very good BUT don’t expect that it’s going to be 10% every month. Not all months present good opportunities and you might not be at your best every month. Let’s stay humble and keep to the bottom end of that and say you make 1% profit a month (that’s 12% a year which is better then most savings accounts but not as good as Warren Buffett who reportedly makes around 20% a year trading) If you are trading a £200 account, like I was, that’s about £2 in profit at the end of a month of work. So let’s go to the other end and say you have a £100,000 trading account, that 1% then becomes £1,000 a month. A little disappointing right? Obviously 10% is £10,000 a month which is more exciting but we’ve already established we can’t bank on that happening every month plus we also need a spare £100,000 sitting around doing nothing. The solution? Well there are these wonderful things called prop firms.
FLIP A SMALL FOREX ACCOUNT
So if you’re not familiar with the concept of a prop firm its a company which will allow you to trade their money for them in exchange for a percentage of the profits. There is usually a fee to sign up and a test which needs to be passed to prove that you are a responsible trader. But to me, this is very clearly the solution for those who can trade but who don’t have the capital to make their trading profits actually mean anything significant.
Trading Angel recommends the prop firm FTUK for forex traders in the UK. What I like about about them is that you can actually go straight to being funded without having to go through the challenge part. There is a small fee for this so you will need to pay £150 as your sign up fee rather than £119. Profit splits to begin are 50/50 however as you scale up you can actually progress to an 80/2- split in your favour.
If you’d like to sign up to FTUK you can use this link
So to conclude, How much money do you need to start trading forex? None at all, technically. You can self teach and learn on a demo account and when you’re good enough, then apply to a prop firm. Do I think this is realistic? Not really. I think that live trading with real money is definitely helpful to practicing your strategy first before applying to a prop firm. And you will defiantly need a clear strategy or set of rules in place to practice with. So either you can compile this yourself or you can pay a trading mentor or sign up to a trading course. Trading Angel teaches four strategies as part of the basic package so this includes a trend trading strategy, a reversal strategy, a momentum strategy and a breakout strategy. For details of how to be added to the waitlist for mentorship by Trading Angel you can visit the website here:
Forex traders will argue to their death about whether forex trading is an art or a science. Those who create trading algorithms are on the side which say science, clearly believing that set rules applied every time will eventually produce positive results at least 51% of the time. Or there are those which advocate for the risk to reward ratio to be so ridiculously in your favour as the only way to truly succeed as a forex trader. Insisting that as there are only two option, to buy or to sell, you could, in theory, flip a coin, and as long as your risk to reward ratio is say 1:5 you are bound to end with more money than you started, eventually, as its just a game of numbers.
TRY CONVINCING ME IT’S ALL SCIENCE
While I hear these arguments and accept that they make sense on paper I can’t help leaning a little more on the side of forex trading being an art. There are a lot of things to consider before any trade is placed in order to consider it to be high probability enough to put money on the line. Some of the considerations which I rank highly I’ll admit fall under science. For example, timing. I think timing is incredibly important in forex trading and I’m constantly baffled as to why more trading mentors don’t actually talk about this more. Session opening and closing times for example. Month end, when there is often a big sell off as countries attempt to balance their books. Seasonal fluctuation where the markets often fall into ranges as there isn’t enough liquidity in them, for example that period between Christmas and New Years or the summer holidays in August. While it’s better for a human to apply common sense to all these areas it is technically possible to programme these into a computer. But what about the human emotions which move the market, fear, greed or uncertainty? Can these be programmed into a computer? If you’re holding strong on your argument of forex trading being a science I imagine you could fight this point too, although I might be a little sceptical and think you’re just arguing now because you like arguing. How about fundamental analysis? Interpreting economical data and how this is perceived by those trading the financial markets? I think once we move further into this territory you’re going to completely lose me if you think forex trading is ONLY science and there’s no art to it whatsoever.
SURELY NFP VOLATILITY CANT BE SCIENCE
While it’s essential for forex traders to be chart literate and to be hot on their technical analysis and their understanding of price action, it’s just as important to understand fundamental analysis, the real driving force behind any long term move made on the charts. Or short term volatility. Take NFP for example. For those who are new to forex trading, NFP stands for Non Farm Payroll. It is huge economical data which is released each month on the first Friday of every month at 13:30 UK time and gives information on the US jobs which aren’t relating to farm work. NFP is famous for causing huge volatility in the financial markets, especially USD pairs or those which are pegged to the US economy. Lots of traders actually chose not to trade NFP while others find it to be the most exciting day of the month. I’ve known new traders who have sat at their charts before the news is about to be released and have tried to analyse the candlestick patterns leading up to the news release in order to chose a direction. This is ridiculous. The giant move which happens the second the numbers are released is based on fundamental analysis and traders attempting to interpret whether the news was better then expected, as expected or worse than expected and all the different nuances in-between. Any price action leading up to this point is irrelevant. Now tell me there’s no art to trading. How on earth can you ask a computer to make sense of what humans are feeling when these numbers come out. If you know a computer which can do this, then you are wasting your time reading this blog.
BELIEVING TRADING IS MORE SCIENCE IS MORE CONVENIENT
Now I understand why forex traders desperately want trading to be more of a science than an art. If it’s science, it can be learned, It can be memorised, it might take time to learn but if it’s an exact science, surely anyone can put in enough time and get it right. If it’s a science you can tell a computer when to trade for you and you can become rich with minimal effort. If it’s an art, then there are thousands of nuances, it takes practice and yet you can still get it wrong. If it’s an art than all of those who were terrible at art or sport at school suddenly feel helpless and like there’s no hope. If it’s an art, then it sounds like one big frustration which would take too much time to master and you just don’t have the time, because you’re tired and stressed at your day job and the whole reason you wanted to be a trader in the first place was to free up your time and make you rich so you could enjoy life. Learning an art goes against the reason you want to be a trader. It’s much more convenient to believe that trading is a science.
The good news is, I believe it’s an art and a science. Sure, there are parts of trading which you need to consider human emotion for and a human will do a better job than a computer (probably), but there are times when actually removing human emotion and working with the facts can be hugely beneficial.
LETS TALK ABOUT MOMENTUM
There is one huge part of forex trading which I believe is science, and I absolutely love it. It is momentum. The dictionary defines momentum as being “The quantity of motion of a moving body, measured as a product of its mass and velocity”. Ok, so in layman’s terms that basically means if something is moving with force in a certain direction it’s got momentum and is likely to continue moving in that direction for a bit, as that takes less effort than slowing down and turning around.
MOMENTUM IS YOUR FRIEND
Let’s use a car analogy! I love a car analogy for trading! So imagine a car is going really fast along the motorway, it’s got momentum. Now imagine that car missed its exit and actually needs to reverse as quickly as possible and go the other way. It doesn’t start moving with momentum in the opposite direction the second the driver has that thought. It has to first of all find a safe place to slow down and come off the motorway, and the faster it is going and the more momentum it has, the longer it might take for it to slow down, then it has to come off the motorway, turn around and build up momentum in the opposite direction. Now let’s apply this to the financial markets. If a market is in a trend it has momentum. The market is much more likely to keep going in the direction it’s got momentum in, even if for a little bit, as slowing down and turning around takes a lot more energy and is more time consuming than you may imagine. The conclusion; the trend is your friend, and momentum is also your friend.
So now you know how powerful momentum can be in trading, what are the different tools you can use to measure momentum? My personal favourite is Heikin Ashi but other popular momentum indicators include MACD and RSI.
HEIKIN ASHI
Heikin Ashi looks similar to normal candlesticks but they use a slightly different formula which smooths to the appearance of the trend. There are different ways which Heikin Ashi can be used in your trading but today we are going to focus on momentum. So when using Heikin Ashi to gauge momentum you want to consider that the Heikin Ashi candles are made of three main types.
There are :
Bullish momentum candles – these are green and have a flat base and wick at only the top
Bearish momentum candles – these are red and have a flat top and wick at only the base
Indecision candles – these can be any colour, either red or green, and have wick at both the base and the top
I have two key rules for using Heikin Ashi candles to measure momentum:
Firstly, it works significantly better on higher time frames than smaller ones, so please only consider what I’m saying to be relevant for 4H and above. If you go any lower than 4H there are far too many false entries and exits.
Secondly, never take any decision either to get into or out of a trade based on an indecision candle. These are often just pull backs rather than reversals. While we do get indecision candles before a genuine reversal, we also get loads of them during a trend with strong momentum, and if you were to come into and out of a trade every time you saw one your day would be utter chaos. One of my favourite strategies uses Heikin Ashi and momentum, so if you’d like more details on how to sign up to Trading Angel Academy and learn this trading strategy plus 2 others, either visit the website at www.tradingangel.co.uk or sign up to the Academy here: https://caroline-rundell.mykajabi.com/offers/EqUQQy4K
MACD
The Moving Average Convergence Divergence indicator is a popular tool for gauging momentum and for helping traders decide whether to get into or out of trades. It looks a little confusing when you first see it because it appears to have a few elements to it so lets break these down:
First of all, default settings on MACD are the most popular to use so feel free to keep them as you find them on TradingView which is 12, 26, 9.
The main components of the MACD are:
MACD line – the blue line on TradingView default settings
Signal line – the red line on TradingView default settings – this is a 9 period EMA
Histogram – this shows us momentum and is a visual representation of the MACD and the 9 period EMA
Zero line – where the histogram crosses from green to red or from bullish momentum to bearish momentum.
While it may look complicated its in essence very straightforward. The Moving Average Convergence Divergence calculates the difference between a markets 26 period exponential moving average and the 12 period exponential moving average or EMA. And the histogram is the key to gauging momentum. When the histogram is very big it shows us there is strong momentum and when it is small it shows us that momentum is weak. The colours on the histogram can also help give us clues as to when momentum is slowing down in one direction and perhaps speeding up in the other.
Dark red – bearish momentum
Light red – bullish
Dark green – bullish momentum
Light green – bearish
RSI
Relative Strength Index is another popular trading indicator which can helps traders gauge momentum. It is an oscillator which measures the speed and change of pace movements. The relative strength index oscillates on a scale of 0 to 100 and is generally considered to be ‘overbought’ when it is over 70 on the scale and ‘oversold’ when it is under 30. This means that traders will start to look for reversals from the upside to the downside, in other words, sell positions, when the RSI moves over 70. Similarly traders will start to look for reversals from the downside to the upside, or buy positions, when the RSI starts to go under 30.
The tricky thing with the RSI is that in backtesting it looks like this woks perfectly, however if you have every tried to trade it this way you will know that it isn’t that simple at all. As we have already established when a market has strong momentum in a certain direction it tends to keep moving for a bit rather than suddenly hitting the breaks and turning back around. Which means, traders who just use the RSI ‘oversold’ and ‘overbought’ as their exact entry trigger, are often disappointed by getting into the trade far too early. What’s even more disappointing about this is that often the market does eventually reverse, but by this point they have already taken an enormous loss by entering at the very first sign rather then waiting for the exact confirmation (if you want to know more about the stages of a trade and the 7 steps Trading Angel teaches every trader to look for in a trade then this is taught in great detail at Trading Angel Academy:
https://tradingangel.mykajabi.com/offers/EqUQQy4K
HOW DOES RSI DIVERGENCE SHOW A POSSIBLE REVERSAL?
So the way traders use the RSI to show that momentum is slowing down before a possible reversal is to look for divergence. Divergence is when the price moves in the opposite direction to the RSI, once the RSI has gone into extreme conditions, so either above 70 or below 30. So for example, if the RSI is above 70 and starts to move down whilst the price is continuing to move up on the chart (the opposite direction to the RSI) this shows us that there is divergence and a slow down in momentum which could possibly lead to a reversal in the near future. On the other hand if the market is trending down and the RSI is below 30 but starts to move back up while the price on the chart continues to move down then this shows bearish divergence. RSI default settings on TradingView are 14 however I like to adjust mine slightly to 10.
I couldn’t recommend TradingView any more as the place to do your charting and technical analysis. It’s what I’ve been using since the first day I started trading and as a trading mentor it’s what I encourage all of my mentees to use. TradingView is free if you don’t mind the pop ups, I like to use the Pro version as it’s still relatively inexpensive at around £11 a month and there are a few cool features which make it very useful, such as being able to save multiple indicators on your strategy templates and being able to create smart watchlists with multiple bookmarks. If you’re not sure if you’re ready to commit to the Pro version just yet but would like to try it then you can try it for free for a month by clicking this link, just make sure to cancel before the month ends if you don’t want to be charged https://www.tradingview.com/?offer_id=10&aff_id=25988
Forex traders will argue to their death about whether forex trading is an art or a science. Those who create trading algorithms are on the side which say science, clearly believing that set rules applied every time will eventually produce positive results at least 51% of the time. Or there are those which advocate for the risk to reward ratio to be so ridiculously in your favour as the only way to truly succeed as a forex trader. Insisting that as there are only two option, to buy or to sell, you could, in theory, flip a coin, and as long as your risk to reward ratio is say 1:5 you are bound to end with more money than you started, eventually, as its just a game of numbers.
TRY CONVINCING ME IT’S ALL SCIENCE
While I hear these arguments and accept that they make sense on paper I can’t help leaning a little more on the side of forex trading being an art. There are a lot of things to consider before any trade is placed in order to consider it to be high probability enough to put money on the line. Some of the considerations which I rank highly I’ll admit fall under science. For example, timing. I think timing is incredibly important in forex trading and I’m constantly baffled as to why more trading mentors don’t actually talk about this more. Session opening and closing times for example. Month end, when there is often a big sell off as countries attempt to balance their books. Seasonal fluctuation where the markets often fall into ranges as there isn’t enough liquidity in them, for example that period between Christmas and New Years or the summer holidays in August. While it’s better for a human to apply common sense to all these areas it is technically possible to programme these into a computer. But what about the human emotions which move the market, fear, greed or uncertainty? Can these be programmed into a computer? If you’re holding strong on your argument of forex trading being a science I imagine you could fight this point too, although I might be a little sceptical and think you’re just arguing now because you like arguing. How about fundamental analysis? Interpreting economical data and how this is perceived by those trading the financial markets? I think once we move further into this territory you’re going to completely lose me if you think forex trading is ONLY science and there’s no art to it whatsoever.
SURELY NFP VOLATILITY CANT BE SCIENCE
While it’s essential for forex traders to be chart literate and to be hot on their technical analysis and their understanding of price action, it’s just as important to understand fundamental analysis, the real driving force behind any long term move made on the charts. Or short term volatility. Take NFP for example. For those who are new to forex trading, NFP stands for Non Farm Payroll. It is huge economical data which is released each month on the first Friday of every month at 13:30 UK time and gives information on the US jobs which aren’t relating to farm work. NFP is famous for causing huge volatility in the financial markets, especially USD pairs or those which are pegged to the US economy. Lots of traders actually chose not to trade NFP while others find it to be the most exciting day of the month. I’ve known new traders who have sat at their charts before the news is about to be released and have tried to analyse the candlestick patterns leading up to the news release in order to chose a direction. This is ridiculous. The giant move which happens the second the numbers are released is based on fundamental analysis and traders attempting to interpret whether the news was better then expected, as expected or worse than expected and all the different nuances in-between. Any price action leading up to this point is irrelevant. Now tell me there’s no art to trading. How on earth can you ask a computer to make sense of what humans are feeling when these numbers come out. If you know a computer which can do this, then you are wasting your time reading this blog.
BELIEVING TRADING IS MORE SCIENCE IS MORE CONVENIENT
Now I understand why forex traders desperately want trading to be more of a science than an art. If it’s science, it can be learned, It can be memorised, it might take time to learn but if it’s an exact science, surely anyone can put in enough time and get it right. If it’s a science you can tell a computer when to trade for you and you can become rich with minimal effort. If it’s an art, then there are thousands of nuances, it takes practice and yet you can still get it wrong. If it’s an art than all of those who were terrible at art or sport at school suddenly feel helpless and like there’s no hope. If it’s an art, then it sounds like one big frustration which would take too much time to master and you just don’t have the time, because you’re tired and stressed at your day job and the whole reason you wanted to be a trader in the first place was to free up your time and make you rich so you could enjoy life. Learning an art goes against the reason you want to be a trader. It’s much more convenient to believe that trading is a science.
The good news is, I believe it’s an art and a science. Sure, there are parts of trading which you need to consider human emotion for and a human will do a better job than a computer (probably), but there are times when actually removing human emotion and working with the facts can be hugely beneficial.
LETS TALK ABOUT MOMENTUM
There is one huge part of forex trading which I believe is science, and I absolutely love it. It is momentum. The dictionary defines momentum as being “The quantity of motion of a moving body, measured as a product of its mass and velocity”. Ok, so in layman’s terms that basically means if something is moving with force in a certain direction it’s got momentum and is likely to continue moving in that direction for a bit, as that takes less effort than slowing down and turning around.
MOMENTUM IS YOUR FRIEND
Let’s use a car analogy! I love a car analogy for trading! So imagine a car is going really fast along the motorway, it’s got momentum. Now imagine that car missed its exit and actually needs to reverse as quickly as possible and go the other way. It doesn’t start moving with momentum in the opposite direction the second the driver has that thought. It has to first of all find a safe place to slow down and come off the motorway, and the faster it is going and the more momentum it has, the longer it might take for it to slow down, then it has to come off the motorway, turn around and build up momentum in the opposite direction. Now let’s apply this to the financial markets. If a market is in a trend it has momentum. The market is much more likely to keep going in the direction it’s got momentum in, even if for a little bit, as slowing down and turning around takes a lot more energy and is more time consuming than you may imagine. The conclusion; the trend is your friend, and momentum is also your friend.
So now you know how powerful momentum can be in trading, what are the different tools you can use to measure momentum? My personal favourite is Heikin Ashi but other popular momentum indicators include MACD and RSI.
HEIKIN ASHI
Heikin Ashi looks similar to normal candlesticks but they use a slightly different formula which smooths to the appearance of the trend. There are different ways which Heikin Ashi can be used in your trading but today we are going to focus on momentum. So when using Heikin Ashi to gauge momentum you want to consider that the Heikin Ashi candles are made of three main types.
There are :
Bullish momentum candles – these are green and have a flat base and wick at only the top
Bearish momentum candles – these are red and have a flat top and wick at only the base
Indecision candles – these can be any colour, either red or green, and have wick at both the base and the top
I have two key rules for using Heikin Ashi candles to measure momentum:
Firstly, it works significantly better on higher time frames than smaller ones, so please only consider what I’m saying to be relevant for 4H and above. If you go any lower than 4H there are far too many false entries and exits.
Secondly, never take any decision either to get into or out of a trade based on an indecision candle. These are often just pull backs rather than reversals. While we do get indecision candles before a genuine reversal, we also get loads of them during a trend with strong momentum, and if you were to come into and out of a trade every time you saw one your day would be utter chaos. One of my favourite strategies uses Heikin Ashi and momentum, so if you’d like more details on how to sign up to Trading Angel Academy and learn this trading strategy plus 2 others, either visit the website at www.tradingangel.co.uk or sign up to the Academy here: https://caroline-rundell.mykajabi.com/offers/EqUQQy4K
MACD
The Moving Average Convergence Divergence indicator is a popular tool for gauging momentum and for helping traders decide whether to get into or out of trades. It looks a little confusing when you first see it because it appears to have a few elements to it so lets break these down:
First of all, default settings on MACD are the most popular to use so feel free to keep them as you find them on TradingView which is 12, 26, 9.
The main components of the MACD are:
MACD line – the blue line on TradingView default settings
Signal line – the red line on TradingView default settings – this is a 9 period EMA
Histogram – this shows us momentum and is a visual representation of the MACD and the 9 period EMA
Zero line – where the histogram crosses from green to red or from bullish momentum to bearish momentum.
While it may look complicated its in essence very straightforward. The Moving Average Convergence Divergence calculates the difference between a markets 26 period exponential moving average and the 12 period exponential moving average or EMA. And the histogram is the key to gauging momentum. When the histogram is very big it shows us there is strong momentum and when it is small it shows us that momentum is weak. The colours on the histogram can also help give us clues as to when momentum is slowing down in one direction and perhaps speeding up in the other.
Dark red – bearish momentum
Light red – bullish
Dark green – bullish momentum
Light green – bearish
RSI
Relative Strength Index is another popular trading indicator which can helps traders gauge momentum. It is an oscillator which measures the speed and change of pace movements. The relative strength index oscillates on a scale of 0 to 100 and is generally considered to be ‘overbought’ when it is over 70 on the scale and ‘oversold’ when it is under 30. This means that traders will start to look for reversals from the upside to the downside, in other words, sell positions, when the RSI moves over 70. Similarly traders will start to look for reversals from the downside to the upside, or buy positions, when the RSI starts to go under 30.
The tricky thing with the RSI is that in backtesting it looks like this woks perfectly, however if you have every tried to trade it this way you will know that it isn’t that simple at all. As we have already established when a market has strong momentum in a certain direction it tends to keep moving for a bit rather than suddenly hitting the breaks and turning back around. Which means, traders who just use the RSI ‘oversold’ and ‘overbought’ as their exact entry trigger, are often disappointed by getting into the trade far too early. What’s even more disappointing about this is that often the market does eventually reverse, but by this point they have already taken an enormous loss by entering at the very first sign rather then waiting for the exact confirmation (if you want to know more about the stages of a trade and the 7 steps Trading Angel teaches every trader to look for in a trade then this is taught in great detail at Trading Angel Academy:
https://tradingangel.mykajabi.com/offers/EqUQQy4K
HOW DOES RSI DIVERGENCE SHOW A POSSIBLE REVERSAL?
So the way traders use the RSI to show that momentum is slowing down before a possible reversal is to look for divergence. Divergence is when the price moves in the opposite direction to the RSI, once the RSI has gone into extreme conditions, so either above 70 or below 30. So for example, if the RSI is above 70 and starts to move down whilst the price is continuing to move up on the chart (the opposite direction to the RSI) this shows us that there is divergence and a slow down in momentum which could possibly lead to a reversal in the near future. On the other hand if the market is trending down and the RSI is below 30 but starts to move back up while the price on the chart continues to move down then this shows bearish divergence. RSI default settings on TradingView are 14 however I like to adjust mine slightly to 10.
I couldn’t recommend TradingView any more as the place to do your charting and technical analysis. It’s what I’ve been using since the first day I started trading and as a trading mentor it’s what I encourage all of my mentees to use. TradingView is free if you don’t mind the pop ups, I like to use the Pro version as it’s still relatively inexpensive at around £11 a month and there are a few cool features which make it very useful, such as being able to save multiple indicators on your strategy templates and being able to create smart watchlists with multiple bookmarks. If you’re not sure if you’re ready to commit to the Pro version just yet but would like to try it then you can try it for free for a month by clicking this link, just make sure to cancel before the month ends if you don’t want to be charged https://www.tradingview.com/?offer_id=10&aff_id=25988
If you’re interested in forex trading, which I am guessing you are if you are reading this blog, then you may have realised that there are a lot of dodgy “gurus” out there. Some are just bad traders who are giving out bad advice and others are not even traders and just people impersonating forex traders on social media to convince other people, after a quick buck, to let them trade their money. Those people who were after a quick buck never see their money again. Turns out the “forex trader” offering 500% returns guaranteed in one week, whilst begging people for scraps of cash on instagram, wasn’t actually a real forex trader. Who’d have thought?!
My photos have been stolen by countless people on instagram pretending to be me and messaging my friends and family begging them for trading money. Luckily most people I know are aware it’s not me but there have been a few occasions when some of my friends, bless their hearts, genuinely thought I was in trouble and needed money to keep my business alive. For the record my real Instagram account is @trading_angel_caroline if it says anything other then this or has two ii’s or two dashes, its probably a scammer (plus I’ll never message you begging for trading money, I promise!).
This spate in copycat accounts led me to question why the industry ISN’T regulated in regards to trading education, I spent several hours googling this subject and trying to find a definitive answer. How come financial advisors have to pass extensive exams to give financial advice on low risk investments but ANYONE can teach anyone else how to trade a high risk, high reward market like forex? It didn’t make sense.
I’ll be honest, I didn’t find too much of a definitive answer as to why my job as a forex trading coach is actually legal and unregulated, other then it would restrict genuine people being able to pass on their knowledge to others. However, there remains a niggle at the back of my head which tells me that maybe it should be regulated and maybe someone else will realise this soon and maybe the regulations will come into force suddenly and unexpectedly. Which would suddenly make my own job illegal for me to do.
WHO PAYS TO TAKE EXAMS FOR QUALIFICATIONS THEY DON’T ACTUALLY NEED?
Back in 2019 when I first set up my trading coaching business, Trading Angel, I remember goggling what it would take to become a fully licensed financial advisor and I remember thinking it took too long and cost too much so I ruled it out as being ridiculous. As it turns out I didn’t actually do my research properly as a level 4 DipFA, which is the minimum requirement to be a financial advisor in the UK, is only about £1,000 and only takes about a year for most people to pass AND it can be done by distance learning. So if you do the maths it’s kind of a no brainer really, and I have no idea what I read back in 2019 which scared me so much.
So to answer the question ‘why am I paying to take exams for qualifications I don’t need?’ Answer: Because I’m concerned that I may need qualifications in the future and I don’t want to stop my business for 12 months while study for them.
If you have read my previous blog post about my forex journey and how I started forex trading by self teaching and stubbornly refusing to get a trading coach myself, you might have any idea of my incredibly cautious approach to starting something new. (If you haven’t read it yet you can read it here:)
In which case it might not surprise you that when I decided to take my DipFA I actually bought a second hand text book on eBay before I paid for the course so I could read it a couple times first and get an idea if I felt like the exams were actually passable before I decided to pay for them. Half of me looks back and laughs at how ridiculously risk averse this is for someone who trades a very risky market like forex, and the other half of me smiles smugly at how clever I am in my risk management.
ALL FOREX MENTORS SHOULD PASS THEIR DIPFA
Now I’m not actually campaigning hard for for the forex education industry to be tightly regulated just yet as I still haven’t passed all my exams so I defiantly don’t want to shoot myself in the foot here. But having read the textbook a couple times I have decided I am definitely going to go ahead and take the exams and try and get my qualification. And I think anyone else in my situation would be clever to as well. And here’s why:
The first exam is all about the financial system in the UK as a whole and looks at regulation and how the financial system is set up – If you are genuinely interested in forex trading and helping other forex traders succeed, you’ll need a solid understanding of everything in this exam anyway.
Forex trading is high risk, high reward which means it’s not actually for everyone, one thing which comes up a lot in the financial advisor text book is that you need to understand the persons risk appetite and advise accordingly AND this can change over time so risk appetite needs to be assessed at every meeting.
As a forex trading coach one thing which comes up a lot while I’m on a zoom call to my clients is that they have other financial stresses. Sometime they aren’t sure what to do about their mortgage or investments and I’m constantly having to tell them I’m not a licensed financial advisor and I can’t help. But every time I say that I wish I could help and I wish I knew the answer.
I’m just interested in finance and I enjoy helping other people – maybe this should have been at the top – I don’t find being a forex coach ‘work’ I find it fulfilling and it makes me happy when clients get results and are happy. And I obviously love forex and trading and all things finance related. And if I could expand into more areas of finance then its a no brainer for me, I think I would genuinely love to do this as work.
I like being busy. I know this is weird but I’ve stopped trying to fight it and just accept it. I like having things to work towards, I like filling my days up with activities that I feel are moving me forward in life, and I like progression, I like studying for exams and having things to work towards keeps me motivated. I’m aware about 75% of people think I’m weird but I’m hoping that if you’re not in the 25% that get what I’m on about you wouldn’t be reading this blog in the first place. Maybe. Feel free to call me weird if you got this far and don’t get it.
With so many bad trading coaches out there and people giving out poor advice I really wanted to have a qualification and the appropriate accreditation to prove that I knew the financial system in the UK well enough to pass an exam at least.
I am hoping to pass my first exam towards my DipFA in April 2023 so I will keep you updated on how I get on with this! If you’ve take it yourself and have any insights or thoughts on this subject I would love to hear them.
If you’re interested in forex trading, which I am guessing you are if you are reading this blog, then you may have realised that there are a lot of dodgy “gurus” out there. Some are just bad traders who are giving out bad advice and others are not even traders and just people impersonating forex traders on social media to convince other people, after a quick buck, to let them trade their money. Those people who were after a quick buck never see their money again. Turns out the “forex trader” offering 500% returns guaranteed in one week, whilst begging people for scraps of cash on instagram, wasn’t actually a real forex trader. Who’d have thought?!
My photos have been stolen by countless people on instagram pretending to be me and messaging my friends and family begging them for trading money. Luckily most people I know are aware it’s not me but there have been a few occasions when some of my friends, bless their hearts, genuinely thought I was in trouble and needed money to keep my business alive. For the record my real Instagram account is @trading_angel_caroline if it says anything other then this or has two ii’s or two dashes, its probably a scammer (plus I’ll never message you begging for trading money, I promise!).
This spate in copycat accounts led me to question why the industry ISN’T regulated in regards to trading education, I spent several hours googling this subject and trying to find a definitive answer. How come financial advisors have to pass extensive exams to give financial advice on low risk investments but ANYONE can teach anyone else how to trade a high risk, high reward market like forex? It didn’t make sense.
I’ll be honest, I didn’t find too much of a definitive answer as to why my job as a forex trading mentor is actually legal and unregulated, other then it would restrict genuine people being able to pass on their knowledge to others. However, there remains a niggle at the back of my head which tells me that maybe it should be regulated and maybe someone else will realise this soon and maybe the regulations will come into force suddenly and unexpectedly. Which would suddenly make my own job illegal for me to do.
WHO PAYS TO TAKE EXAMS FOR QUALIFICATIONS THEY DON’T ACTUALLY NEED?
Back in 2019 when I first set up my trading mentor business, Trading Angel, I remember goggling what it would take to become a fully licensed financial advisor and I remember thinking it took too long and cost too much so I ruled it out as being ridiculous. As it turns out I didn’t actually do my research properly as a level 4 DipFA, which is the minimum requirement to be a financial advisor in the UK, is only about £1,000 and only takes about a year for most people to pass AND it can be done by distance learning. So if you do the maths it’s kind of a no brainer really, and I have no idea what I read back in 2019 which scared me so much.
So to answer the question ‘why am I paying to take exams for qualifications I don’t need?’ Answer: Because I’m concerned that I may need qualifications in the future and I don’t want to stop my business for 12 months while study for them.
If you have read my previous blog post about my forex journey and how I started forex trading by self teaching and stubbornly refusing to get a trading mentor myself, you might have any idea of my incredibly cautious approach to starting something new. (If you haven’t read it yet you can read it here:)
In which case it might not surprise you that when I decided to take my DipFA I actually bought a second hand text book on eBay before I paid for the course so I could read it a couple times first and get an idea if I felt like the exams were actually passable before I decided to pay for them. Half of me looks back and laughs at how ridiculously risk averse this is for someone who trades a very risky market like forex, and the other half of me smiles smugly at how clever I am in my risk management.
ALL FOREX MENTORS SHOULD PASS THEIR DIPFA
Now I’m not actually campaigning hard for for the forex education industry to be tightly regulated just yet as I still haven’t passed all my exams so I defiantly don’t want to shoot myself in the foot here. But having read the textbook a couple times I have decided I am definitely going to go ahead and take the exams and try and get my qualification. And I think anyone else in my situation would be clever to as well. And here’s why:
The first exam is all about the financial system in the UK as a whole and looks at regulation and how the financial system is set up – If you are genuinely interested in forex trading and helping other forex traders succeed, you’ll need a solid understanding of everything in this exam anyway.
Forex trading is high risk, high reward which means it’s not actually for everyone, one thing which comes up a lot in the financial advisor text book is that you need to understand the persons risk appetite and advise accordingly AND this can change over time so risk appetite needs to be assessed at every meeting.
As a forex trading mentor one thing which comes up a lot while I’m on a zoom call to my clients is that they have other financial stresses. Sometime they aren’t sure what to do about their mortgage or investments and I’m constantly having to tell them I’m not a licensed financial advisor and I can’t help. But every time I say that I wish I could help and I wish I knew the answer.
I’m just interested in finance and I enjoy helping other people – maybe this should have been at the top – I don’t find being a forex mentor ‘work’ I find it fulfilling and it makes me happy when clients get results and are happy. And I obviously love forex and trading and all things finance related. And if I could expand into more areas of finance then its a no brainer for me, I think I would genuinely love to do this as work.
I like being busy. I know this is weird but I’ve stopped trying to fight it and just accept it. I like having things to work towards, I like filling my days up with activities that I feel are moving me forward in life, and I like progression, I like studying for exams and having things to work towards keeps me motivated. I’m aware about 75% of people think I’m weird but I’m hoping that if you’re not in the 25% that get what I’m on about you wouldn’t be reading this blog in the first place. Maybe. Feel free to call me weird if you got this far and don’t get it.
With so many bad trading mentors out there and people giving out poor advice I really wanted to have a qualification and the appropriate accreditation to prove that I knew the financial system in the UK well enough to pass an exam at least.
I am hoping to pass my first exam towards my DipFA in April 2023 so I will keep you updated on how I get on with this! If you’ve take it yourself and have any insights or thoughts on this subject I would love to hear them.
TRADERS DON’T LIVE LONG ENOUGH TO SPEND THEIR MONEY – APPARENTLY
I first started reading about forex trading in 2015 but I had been interested in it since about 2005. I remember when I was at school and was told I needed to think about what I wanted to do with my life I immediately asked the question ‘well, what job pays the best?’. One of my friends who I considered to be a lot smarter than me, told me that forex traders made A LOT of money. So I said ‘that’s settled, I’ll be a forex trader’ but then she told me that they often died early because of the stress. So I weighted it up as an option and decided it probably wasn’t worth making all that money if I wasn’t going to live long enough to spend it, so I ruled forex trading out for the time being and decided to work in radio instead, because it sounded fun.
DECIDING TO SELF TEACH FOREX TRADING
By the time I realised there wasn’t enough money in radio to live comfortably on in the UK, and in particular, in the South East of England in an expensive seaside town called Brighton, most of my twenties had gone by and I was hesitant to start paying lots of money for expensive trading courses or investing in trading mentors if I wasn’t 100% sure it was going to pay off. So I went the half hearted route into forex trading and self taught thinking I was being clever and hedging against the possibility that I might not actually be good enough to make it as a full time trader.
There are elements of this approach which I stand by today as being clever. I didn’t spend a lot of money on my trading education which was a big plus as I didn’t have a lot of money to spend. I decided I wanted to learn how to trade forex because I needed more money so giving over all the money I didn’t have for something that might not work seemed too big a risk.
On the flip side I realise that learning to trade is like most skills in life, the more you practice the better you get and if you can learn from someone else who has been there, you can save yourself a lot of time in the process. I do wish I’d invested in a trading mentor sooner but this is another story for another day.
MY FIRST FOREX TRADE
I remember my first forex trade well, I had no idea what I was doing, I didn’t even understand how the pairs were quoted against each other or that the first pair sets the direction or that I didn’t need to sell a GBP pair first (I thought I did because I live in the UK so I only had pounds and therefore surely I must need to sell a pound pair first to have the other currency, that’s how foreign exchange works right?) So I sold GBPJPY because I wanted to have some Yen so I could trade with them as well. If you have been trading for more than a day you will be laughing at how ridiculous this is, if you are brand new to trading please start laughing because it is ridiculous. Please don’t think this is how you trade forex because IT IS NOT!! I’d had no training on lot sizes or entries or stop losses, I didn’t even know how to close the trade when it was open. The trade went immediately against me which I now know is completely normal as that money is the broker fee called the spread. It’s also normal for the trade to go against you when you have no idea what you are doing and why you entered in the first place, except that you had some strange disillusion you may be the owner of some Yen after placing the trade. I had to call one of my friends who had some basic experience in trading to help me close the trade although to be honest he sounded just as confused as I was and suggested that maybe I didn’t actually own any Yen after all and I could probably trade whatever currencies I wanted. My trade closed at a loss of £2 – which lets be honest, is very lucky considering how clueless I was!
MY FIRST FOREX TRADING STRATEGY
I decided I should finish reading at least one book on forex trading for beginners before I start trading again. I opted for FOREX FOR BEGINNERS by Anna Couling which turned out to be a pretty solid choice and to this day I highly recommend every new trader actually keep a copy of this bible by their trading desk to be able to refer back to it when needed. You can order a copy here if you don’t already own one and thank me later – https://amzn.to/3YZdv5w (I have more book recommendations at the end of this post)
After doing a bit of research I realised that what I needed to be a profitable trader was set of rules and a strategy. Anna Coulling made it very clear that there was a fine line between gambling and profitable trading and the difference was often that gamblers found trading fun whilst professional traders who mad money from it often found it boring as they followed a clear set of rules and tried their best not to get too happy about the wins or too upset about the losses. I decided I wanted to be a bored and rich trader, therefore I needed a clear set of rules.
I’m not sure how I first heard about moving averages, but they seemed pretty popular in the forex trading world so I decided I was to become the master of moving averages. I think I used a 20 period moving average on the 1D chart to start with and every time a forex pair crossed above or below for the first time I decided that was the time to enter. I spent months paper trading this strategy, and on paper it looked like I was definitely going to be a millionaire in no time. As soon as I started live trading this strategy however I encountered some bumps on the road. First of all, this happened far too frequently and I ended up with so many trades open at once and then I had to pick and chose which ones to leave open and which ones to just leave. And as I didn’t actually know what I was doing it was very difficult to justify any decision either way. Also, what I soon learned was that trading on the 1D chart meant that I needed to have a really big stop loss to account for volatility and as I was trading on a £200 trading account I was only able to have a few trades open at once meaning that I ended up missing new entries. And by some completely mystical unexplained reason every trade I took lost and every trade I couldn’t take for lack of margin reasons, would have won. Which led me to the realisation that I needed more than £200 to be a successful forex trader. If only someone had let me know sooner!
SCALING UP MY FOREX TRADING ACCOUNT
I decided that I knew exactly what I was doing, after all my 1D moving average strategy was on point (if you are brand new to forex trading and you can’t detect the sarcasm here please realise I’m making fun of myself for being so basic and please don’t try this at home!!!) And that I needed to come up with a strategy to scale up my forex account so I could trade properly. I made the decision to stop going for nights out in Brighton and instead to use any excess money to top up my forex trading account at the end of each month. You’ll remember that I wasn’t being paid a lot at this time in my life which was the reason I decided I wanted to be a forex trader in the first place so at the end of each month I only really had a spare £200 to put into my account.
MY FIRST PROFITABLE MONTH
I realised early on that I was doing a lot of things right with my trading, as I was making enough wins to feel optimistic and hopeful, and enough loses not to get carried away and think I was good enough to put all my life savings in to my trading account and gamble it away on one big trade. While I made lots of profitable trades, I would still finish each month at a minus for well over a year. It wasn’t until my 18th month trading forex that I actually ended the month in profit. At The time I was on about a £1,000 account (which I now know is very small and difficult to trade effectively on – this is another blog post for another day!!) And I’d made about £200 which is 20% of my account!! I was over the moon. I thought ‘this is it!’ ‘I’ve done it!’ ‘Ive made it!!’ ‘I’m going to be rich now!’ ‘There’s no looking back. If I can make 20% of my account back every month I’ll be unstoppable.’ I did the maths on paper and worked out exactly how long it would take me to build up my forex trading account so I would be a millionaire. I started looking at huge luxury apartments and planning how I was going to decorate them. I researched different loans which I decided would help get me to become a million quicker, because obviously if I was making 20% every month getting a loan would give me leverage.
WHY AREN’T I A MILLIONAIRE YET??
The next month I was in profit again I think but it was a long time ago so I don’t remember every month as clearly as I remember that first “life changing” profitable month. And then I was back to making losses. I had to cancel all the expensive plans I’d made while I was euphoric from making £200 because I realised that it probably was no longer a sure thing.
Overall the process of learning to trade forex took a lot longer than I had expected but I also realise that I went the very very long way around things. I didn’t have the money at the time to invest in a trading mentor but I wish I had at least started talking to other traders sooner as there really is no quicker way to learn then from someone who has already been there. When I started my trading business, Trading Angel in 2019, I wanted it to be the service which I wish I’d had for myself when I first started trading forex. If you are just starting your forex journey and you’re hesitant to invest in a forex mentor, like I was when I first started trading, then my best suggestion is to watch as many YouTube videos as possible and read as many books as possible. This is the probably the least expensive way to learn from other traders. I release new YouTube videos on trading the financial markets very week, you can subscribe to Trading Angel’s channel here:
TRADERS DON’T LIVE LONG ENOUGH TO SPEND THEIR MONEY – APPARENTLY
I first started reading about forex trading in 2015 but I had been interested in it since about 2005. I remember when I was at school and was told I needed to think about what I wanted to do with my life I immediately asked the question ‘well, what job pays the best?’. One of my friends who I considered to be a lot smarter than me, told me that forex traders made A LOT of money. So I said ‘that’s settled, I’ll be a forex trader’ but then she told me that they often died early because of the stress. So I weighted it up as an option and decided it probably wasn’t worth making all that money if I wasn’t going to live long enough to spend it, so I ruled forex trading out for the time being and decided to work in radio instead, because it sounded fun.
DECIDING TO SELF TEACH FOREX TRADING
By the time I realised there wasn’t enough money in radio to live comfortably on in the UK, and in particular, in the South East of England in an expensive seaside town called Brighton, most of my twenties had gone by and I was hesitant to start paying lots of money for expensive trading courses or investing in trading mentors if I wasn’t 100% sure it was going to pay off. So I went the half hearted route into forex trading and self taught thinking I was being clever and hedging against the possibility that I might not actually be good enough to make it as a full time trader.
There are elements of this approach which I stand by today as being clever. I didn’t spend a lot of money on my trading education which was a big plus as I didn’t have a lot of money to spend. I decided I wanted to learn how to trade forex because I needed more money so giving over all the money I didn’t have for something that might not work seemed too big a risk.
On the flip side I realise that learning to trade is like most skills in life, the more you practice the better you get and if you can learn from someone else who has been there, you can save yourself a lot of time in the process. I do wish I’d invested in a trading mentor sooner but this is another story for another day.
MY FIRST FOREX TRADE
I remember my first forex trade well, I had no idea what I was doing, I didn’t even understand how the pairs were quoted against each other or that the first pair sets the direction or that I didn’t need to sell a GBP pair first (I thought I did because I live in the UK so I only had pounds and therefore surely I must need to sell a pound pair first to have the other currency, that’s how foreign exchange works right?) So I sold GBPJPY because I wanted to have some Yen so I could trade with them as well. If you have been trading for more than a day you will be laughing at how ridiculous this is, if you are brand new to trading please start laughing because it is ridiculous. Please don’t think this is how you trade forex because IT IS NOT!! I’d had no training on lot sizes or entries or stop losses, I didn’t even know how to close the trade when it was open. The trade went immediately against me which I now know is completely normal as that money is the broker fee called the spread. It’s also normal for the trade to go against you when you have no idea what you are doing and why you entered in the first place, except that you had some strange disillusion you may be the owner of some Yen after placing the trade. I had to call one of my friends who had some basic experience in trading to help me close the trade although to be honest he sounded just as confused as I was and suggested that maybe I didn’t actually own any Yen after all and I could probably trade whatever currencies I wanted. My trade closed at a loss of £2 – which lets be honest, is very lucky considering how clueless I was!
MY FIRST FOREX TRADING STRATEGY
I decided I should finish reading at least one book on forex trading for beginners before I start trading again. I opted for FOREX FOR BEGINNERS by Anna Couling which turned out to be a pretty solid choice and to this day I highly recommend every new trader actually keep a copy of this bible by their trading desk to be able to refer back to it when needed. You can order a copy here if you don’t already own one and thank me later – https://amzn.to/3YZdv5w (I have more book recommendations at the end of this post)
After doing a bit of research I realised that what I needed to be a profitable trader was set of rules and a strategy. Anna Coulling made it very clear that there was a fine line between gambling and profitable trading and the difference was often that gamblers found trading fun whilst professional traders who mad money from it often found it boring as they followed a clear set of rules and tried their best not to get too happy about the wins or too upset about the losses. I decided I wanted to be a bored and rich trader, therefore I needed a clear set of rules.
I’m not sure how I first heard about moving averages, but they seemed pretty popular in the forex trading world so I decided I was to become the master of moving averages. I think I used a 20 period moving average on the 1D chart to start with and every time a forex pair crossed above or below for the first time I decided that was the time to enter. I spent months paper trading this strategy, and on paper it looked like I was definitely going to be a millionaire in no time. As soon as I started live trading this strategy however I encountered some bumps on the road. First of all, this happened far too frequently and I ended up with so many trades open at once and then I had to pick and chose which ones to leave open and which ones to just leave. And as I didn’t actually know what I was doing it was very difficult to justify any decision either way. Also, what I soon learned was that trading on the 1D chart meant that I needed to have a really big stop loss to account for volatility and as I was trading on a £200 trading account I was only able to have a few trades open at once meaning that I ended up missing new entries. And by some completely mystical unexplained reason every trade I took lost and every trade I couldn’t take for lack of margin reasons, would have won. Which led me to the realisation that I needed more than £200 to be a successful forex trader. If only someone had let me know sooner!
SCALING UP MY FOREX TRADING ACCOUNT
I decided that I knew exactly what I was doing, after all my 1D moving average strategy was on point (if you are brand new to forex trading and you can’t detect the sarcasm here please realise I’m making fun of myself for being so basic and please don’t try this at home!!!) And that I needed to come up with a strategy to scale up my forex account so I could trade properly. I made the decision to stop going for nights out in Brighton and instead to use any excess money to top up my forex trading account at the end of each month. You’ll remember that I wasn’t being paid a lot at this time in my life which was the reason I decided I wanted to be a forex trader in the first place so at the end of each month I only really had a spare £200 to put into my account.
MY FIRST PROFITABLE MONTH
I realised early on that I was doing a lot of things right with my trading, as I was making enough wins to feel optimistic and hopeful, and enough loses not to get carried away and think I was good enough to put all my life savings in to my trading account and gamble it away on one big trade. While I made lots of profitable trades, I would still finish each month at a minus for well over a year. It wasn’t until my 18th month trading forex that I actually ended the month in profit. At The time I was on about a £1,000 account (which I now know is very small and difficult to trade effectively on – this is another blog post for another day!!) And I’d made about £200 which is 20% of my account!! I was over the moon. I thought ‘this is it!’ ‘I’ve done it!’ ‘Ive made it!!’ ‘I’m going to be rich now!’ ‘There’s no looking back. If I can make 20% of my account back every month I’ll be unstoppable.’ I did the maths on paper and worked out exactly how long it would take me to build up my forex trading account so I would be a millionaire. I started looking at huge luxury apartments and planning how I was going to decorate them. I researched different loans which I decided would help get me to become a million quicker, because obviously if I was making 20% every month getting a loan would give me leverage.
WHY AREN’T I A MILLIONAIRE YET??
The next month I was in profit again I think but it was a long time ago so I don’t remember every month as clearly as I remember that first “life changing” profitable month. And then I was back to making losses. I had to cancel all the expensive plans I’d made while I was euphoric from making £200 because I realised that it probably was no longer a sure thing.
Overall the process of learning to trade forex took a lot longer than I had expected but I also realise that I went the very very long way around things. I didn’t have the money at the time to invest in a trading mentor but I wish I had at least started talking to other traders sooner as there really is no quicker way to learn then from someone who has already been there. When I started my trading business, Trading Angel in 2019, I wanted it to be the service which I wish I’d had for myself when I first started trading forex. If you are just starting your forex journey and you’re hesitant to invest in a forex mentor, like I was when I first started trading, then my best suggestion is to watch as many YouTube videos as possible and read as many books as possible. This is the probably the least expensive way to learn from other traders. I release new YouTube videos on trading the financial markets very week, you can subscribe to Trading Angel’s channel here:
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