Forex Factio | The Journey to Financial Freedom
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This podcast was created to document my journey to financial freedom doing something I, Raymond Jeffries love in Currency Trading. I am also here to give advice to others who are looking to make this journey pursuing their passions in entrepreneurship with the pitfalls and hurdles along the voyage.
Forex Factio | The Journey to Financial Freedom
1y ago
Hey traders in this weeks Forex podcast I am talking about some of the frustrations that can arise with setting rules in your Forex Trading. This can occur because in trading Forex or trading in general we are applying rules to a market that doesn't have to listen or abide by our rules. Our best option at that point is to be consistent with the rules we do set and understand that not everything will work perfectly in to those rules in the market.
IG: RaymondLJeffries. Youtube: Raymond Jeffries ..read more
Forex Factio | The Journey to Financial Freedom
1y ago
What sparked this podcast was a Q&A from my mentor Akil Stokes that watched today in which he said something that really stuck in my head. As traders we focus so much on the Forex strategy in the beginning when we begin to learn Forex Trading. We don't focus on what is actually more important and what all your profits are based off of and that is the Forex Trader. There are many Forex Trading Strategies out there for traders to learn but instead we should be focusing on learning the SKILL of trading because market condition change over time ..read more
Forex Factio | The Journey to Financial Freedom
1y ago
In this podcast I wanted to go over having the mindset when it comes to you Forex Backtesting. What I mean by this is when backtesting our strategies we should actively and purposefully looking for losers and trying to prove our strategies wrong. Why we do this in our Backtesting Forex is because if we can purposely try to show something is not profitable and at the end our results show it is then that means you have truly found a strategy you can input in your Forex Trading. I delve deeper into this in the podcast.
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Forex Factio | The Journey to Financial Freedom
1y ago
In this podcast I wanted to go over One Forex Trading Skill that I think is important for us to continuously be working on that I found to be very important to me from going live this past year. Too often traders focus on Forex Trading Strategies instead of what is really important and that is our skills of reading price and making good PREDICTIONS. Making good predictions is something that is often overlooked but if I think for beginners and even experienced traders its something we should continuously be trying to improve.
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Forex Factio | The Journey to Financial Freedom
1y ago
In this podcast I am discussing an important topic which I love to talk about and that is backtesting a trading strategy. Generally once we get past the point of understanding how to backtest a trading strategy we ask ourselves the next question.... How many trades should I backtest in Forex? (or any other market). In this podcast I go over my opinion on how many trades you should log when backtesting Forex but also why its hard to give a cookie cutter answer to this question because not all Forex traders are the same.
IG: RaymondLJeffries. Youtube: Raymond Jeffries ..read more
Forex Factio | The Journey to Financial Freedom
1y ago
In this podcast I go over some of the importance of consistency not only in trading but in life in general. Being consistent is one of the most important things I have learned to be and do in my trading journey. It has shaped me to the Forex trader I am today. Its something that is not shared as important when we begin to learn to trade but its more important than many know.
IG: RaymondLJeffries. Youtube: Raymond Jeffries ..read more
Forex Factio | The Journey to Financial Freedom
1y ago
In this podcast I go over some of the different ways to start learning how to trade Forex or trade in general. From my past experience there are three main ways to start your learning and it is Videos (via YouTube & Webinars), Books, and Mentor-ships. Each has their pros and cons and I kind wanted to touch on this in this podcast.
IG: RaymondLJeffries. Youtube: Raymond Jeffries ..read more
Forex Factio | The Journey to Financial Freedom
1y ago
In this podcast I go my opinion on if there is a "Best" Trading Indicator out there in trading and technical analysis. I think the problem is as new traders we are on an endless search for that magic indicator or magic strategy that we get away from whats most important.... that is the SKILL of reading price.
IG: RaymondLJeffries. Youtube: Raymond Jeffries ..read more
Forex Factio | The Journey to Financial Freedom
1y ago
In this podcast I go my opinion on if you need a trading mentor or not. I go over the pros vs cons of having a trading mentor and the trading for having and not having a trading mentor. There are so many scammers out there it makes people hesitant to find a mentor but there are truly very good trading mentor out there but you have to find the right fit with your personality and that of the mentor.
IG: RaymondLJeffries. Youtube: Raymond Jeffries ..read more
Forex Factio | The Journey to Financial Freedom
1y ago
Hey everyone! This is my first Video Forex Podcast! And for this special podcast for myself I want to go over my trading backstory with everyone. In this podcast I go over my journey in trading to where I am today in front of you in this video. It has been a long journey with up and MANY downs but each step I believe making me the trader I am today. IG: RaymondLJeffries. Youtube: Raymond Jeffries ..read more