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Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)
174: $5000 to $15 Million: Private Forex Trader Reveals His Strategy
May 11, 2022
55:00
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Quick takeaways
- Trader X focuses on fundamental analysis and long-term trades in the forex market.
- Understanding macroeconomics, market sentiment, and seasonal data is crucial for making informed trading decisions.
Deep dives
Trader X's Trading Style
Trader X is a long-term trader who focuses on fundamental analysis rather than technical analysis. He primarily trades in the forex market and holds trades for several months, aiming for a risk-to-reward ratio of 1:2 or 1:3. He emphasizes the importance of understanding macroeconomics, market sentiment, and seasonal data to make informed trading decisions. Trader X doesn't hunt for stop losses and advises against focusing solely on short-term technical patterns. He believes in trailing stops and adjusting positions based on changing market conditions.
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