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going to be very useful further
through when we get onto the
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recommend you do that before we
get into the course if you
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00:10:33,083 --> 00:10:35,603
position size those risk
calculators that I just spoke
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00:10:20,483 --> 00:10:23,163
actually ready to have a go at
trading for yourself so I
5
00:10:04,763 --> 00:10:09,883
actually then trade through
using MetaTrader four or five.
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00:10:01,603 --> 00:10:04,763
and FXDM. Now, you will have to
create a broker account to
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to actually place trades you
can deposit money with the
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risk and when you actually get
down to trading. So thanks for
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do is allow you to try as you
go along now also those
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about save those download those
bookmark those whatever they're
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is the trading toolbox so far.
Trading platform, MetaTrader
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calculator now if you literally
Google FXTM profit calculator
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you are curious to see how much
profit how much loss you're
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on that percentage keep focused
on the risk reward of course
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broker it will be safe because
they're regulated as long as
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And then of course when you've
got that set up you'll be ready
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going to get out of a trade you
can use the FXTM profit
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you choose one like what I've
recommended and then you'll be
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haven't already got that down
because what that is going to
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you'll find that no problem. So
that's all for this video. That
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four, MetaTrader five, your
choice. Broker, I see markets
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calculator now this is a good
one it allows you to see how
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all of this we will talk about
a little bit later on but if
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much profit how much loss
you're going to make on a trade
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get into anything get that
application and if you are
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So that is essentially it for
this video oh yeah just one
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shouldn't be focusing on the
money amounts just keep focused
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risk management section but I
think for now before we even
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it is not entirely needed
because to be honest you
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day of got a position size tool
as well which works super good.
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going to be desktop based go
and bookmark my effects book
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more about that position size
that I'm talking about in the
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final thing we will talk
actually about profit
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is the app you're going to need
for that. We'll learn of course
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one that I use. As I said I do
a lot of my trading on mobile.
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look at though however is
position size calculators. Now
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just bookmark these two or
download them. Stenu is the top
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and very very low commissions
if you do choose a commission
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you how to use that breaking it
down for you. So you'll not
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them just search IC Markets
you'll find them straight away
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to technicals I'll be talking
through them when we start that
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will also say the spreads on
FXTM are not as good as IC
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set you up with a nice, nice
experience. So moving on to the
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whatever reason this is my
second choice of many many
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insured up to 50, 000 and of
course if you are trading over
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one is IC Markets now these are
I believe Australian base now
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are actually any good I've
tried a fair fair few
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against them so there are a lot
of brokers around not so many
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these accounts with FXTM than
you will with IC markets and I
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not regulated and while they
maybe trusted in the space
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almost as good now you are
going to be waiting a little
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much too much hassle and FXTM
yes London based they are
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made some money with that but
I'm back over to what I know
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and traded that for quite some
time when I was trading cryptos
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now I'm generally back over now
to just the Forex trading that
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Stenu is a mobile application
which allows you to manage your
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whatever reason another is FXTN
now this is also a great
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company also a great broker
these are UK London based they
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can use or you can generally if
you don't have an account with
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risk get set risk position
sizes for every single trade.
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Now we'll talk about that a bit
further on but Stenu definitely
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to name is Hugo's way. Now that
broker offers cryptocurrency
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are probably going to know what
they are. If however you are a
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trading so I went over there
put some money in an account
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looking Metatrader five now is
just a little bit more refined
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company they offer the best
spreads best pricing for trades
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mobile version than it is on
the desktop version and of
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exit your trades for you. So
you actually need the broker in
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there is nothing to stop them
running away from your money
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might want to check this one
out it's handier easier for on
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lot of unregulated brokers with
good reputations and that have
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was essentially just a little
phase had some fun with that
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Metatrader 4 5 will essentially
both be very very similar
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chapter out. I'll be talking
through trading view showing
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brokers that I've tried. So IC
Markets, FXTM, these two will
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into technicals for a couple of
chapters though. When we do get
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other resources we do have
trading view which I just spoke
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do our charting at technical
analysis. We are not getting
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if you have trades running and
you have profit running or loss
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beginner to trading I'll
definitely definitely help you
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actually trade using Let's
Trader four and five you need
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account balance equity so the
how much money you've got in
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now we have actually the
desktop version the mobile
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requirements as well which is
essentially money borrowed from
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needing to worry about that
right now. Something you should
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50, 000 pounds you can contact
them and talk and probably sort
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00:06:06,403 --> 00:06:09,483
significant amounts of money in
that broker because they are
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some form of insurance out
without too much problem too
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say you do need to choose a
regulated broker. There are a
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been going for a long time and
I've even used them myself. One
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throughout the years I've got
two to recommend the top top
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maybe an office also in the
seashells but they are a great
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broker for you now if you don't
want to use this broker for
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very very similar to this so
what we've got here is your
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version as well sorry this one
is meta trade of 4 but 5 is
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much going on for my liking I'm
not a really big fan of that
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00:08:08,163 --> 00:08:10,723
about. That is the charting
software where we're going to
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but if they are not someone
you're going to choose for
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markets so I do actually
recommend them over anything
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this if you are a beginner if
you're not you'll already know
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got the balance the equity the
free margin etcetera so that's
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dollar now that starter
document should set you up with
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will talk a little bit about
that quotes are essentially
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just an account I just went and
set found this picture you know
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are regulated as are IC Markets
so your money is safe it is
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bit longer for withdrawals when
you take your profits out of
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this is a demo account that we
have this screenshot of of
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we can do analysis and then
down here at the bottom we've
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exactly the same layout so that
is Metatrader on the desktop as
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create an account with them
they are going to be a great
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with but I can talk you through
that so definitely contact me
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00:05:02,983 --> 00:05:06,103
get set up now. Might be a
little bit confusing to start
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essentially the entity that's
going to enter your trades and
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what this is we then have
charts which is of course where
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something else. You need a
broker. The broker is
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AUD USD looking at the
Australian dollar versus the US
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order to place any trades. Now
my recommendations I'm going to
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personally and I'll be more
than happy to help. So to
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essentially just a look at
Metatrader on a computer now
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account so these are my top
choice I've got a link that you
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here's a look at MetaTrader 4/
5 on the desktop so this is
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but if you do want that vibe
you could go with me. So that
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more refined, very pretty and
nice, smooth to use experience
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is what you're going to need
for your trading platform
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you wanted to use. So, that's
what they are. Personally, I
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than this So if you do have any
questions about Metatrader four
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best now moved away from Hugo's
way and I would have never put
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they do there's not a whole lot
you can actually do legally
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or five feel free to contact me
of course. I know most people
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and if they do running away
with your money sorry and if
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the go trading and yeah so that
is the mobile version as well
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will recommend now going ahead
for the MetaTrader five. It's a
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basically what we've got your
quotes down the side now we
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don't have a problem. Uh you
know, when I just have my phone
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course being mobile as well a
lot of people and a lot of
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work, my risk management on my
computer, I can quickly dive on
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Trader five recently had an
update or at least when I made
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MetaTrader five, Metatrader
four, whichever one it is that
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the broker and chart so as you
see it's much prettier on the
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this video recently had an
update and is now much more
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things are now moving mobile
first including myself of
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refined so I'm actually trading
over on MetaTrader five myself
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course demos and live accounts
will work the same pretty much
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you can see it is a little bit
ugly there is a little bit too
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course I do like this more so
so I do believe you know you
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your account how much money
your account is now worth say
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personally as surprising as it
may seem I personally use
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with me, I don't have a problem
and once I've done my chart
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what we are always trading we
do have of course for example
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desktop to actually place trade
you can do just the same things
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through the mobile app. It
means when I'm on the move, I
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analysis and things are done
away from MetaTrader and for
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thing they are applications
used for actually placing your
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and I use myself super super
good platforms Metatrader 4 and
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now there are mobile and
desktop versions for both I
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to the phone, the mobile and
actually place the trade on
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running that will be shown in
the equity and then your margin
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that reason I never really have
to dive on to MetaTrader
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people are using this now I use
this for a very long time Meta
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toolbox. So when getting set up
there are three main things
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will recommend what pretty much
all traders are using nowadays
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work and for risk management as
well so trading platform now I
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you're going to need first of
all is a platform to actually
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about later in the course to do
my actual chart work so my
165
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now and then but I do my chart
work on a different software I
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mobile for most of my trades
now I do jump on desktop every
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you're also going to need a few
additional resources for chart
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things as you go because you'll
be set up with the trading
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we're going to need and then
further through of course we of
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Metatrader five so Metatrader 4
5 they are essentially the same
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trades Metatrader 4 is the
classic version I know a lot of
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do you might not have the best
things. So this video
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essentially just going to talk
through a few of the things
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course will refer to these and
you'll be able to actually try
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of you are going to be newer to
this game and won't even have
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broker that you can actually
place your trades with and
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trade on second of all is a
reputable broker so a trusted
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actually use something called
trading view which we will talk
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up with your trading toolbox.
Now what this is is essentially
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Hello and welcome back. In this
video I'm going to get you set
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the things you need to place
trades. Uh and you know if you
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everything you're going to need
in order to actually trade in
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watching and I will see you in
the next video.
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the markets. Now before we dive
into the education I know some
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