The popular 'FX Principles' comprehensively teaches the basics of FX trading through videos.

People who started FX trading used to think they could roughly grasp the direction of currency price movements by checking the news daily with fundamentals, but when they actually traded, they faced ongoing losses,and additionally, many who bought books and studied technicals using MT4 found it difficult and gave up, overwhelmingly so.

The shorter the holding period for a position, the harder it is to win with fundamentals alone; however, the overwhelming majority of FX traders are conscious of using leverage effectively, so they cannot adopt an investment strategy that holds long positions while ignoring unrealized losses and aiming to turn unrealized losses into large profits.
Because being in the market for a long time with leverage is considered risky, we are forced to center trading on shorter swing trades and day trading.
Such FX investors also need to acquire the knowledge to understand currency price movements through technical analysis.

'FX Principles' is something to learn primarily through videos focusing on technical analysis, but when I see that this 'FX Principles' is gaining popularity now, I wanted to know why; after reviewing the course this time, I feel that it is nothing but FX investors who have given up or are on the verge of giving up on mastering technical analysis who are turning their attention to 'FX Principles'.

This time, I plan to report on the contents of 'FX Principles'.

'FX Principles' Course Site

According to its developer DAI, 'FX Principles' is a course for FX beginners, but it is fair to say that FX beginners, those who have moved beyond beginner to early intermediate, and those who have been trading for years but still can't win consistently can greatly improve their FX trading skills, including technical analysis, by carefully watching the video collection repeatedly.

The ultimate goals of the course are threefold:

Be able to trade without indicators
'Capture the trend by being aware of the "waves"
'Be able to use long-term, mid-term, and short-term charts

Three.

There are as many as 47 videos that DAI has created for readers to master these three things.

A portion of them is shown below using still images.

What you mainly learn (Video collection)

1. Be able to determine the trend from the chart alone

2. You can recognize it before a trend starts
3. Enter early to avoid the end of the trend
4. You can make large profits of 100 pips or more
5. You can aim for large profits like 500, 1000 pips
6. You can forecast how long the trend will last
7. You understand the mechanism of trend reversals
8. You can judge trend and corrections from candlestick patterns
9. You can hold a position for a long time
10. You can use long-term, mid-term, and short-term charts
11. You know which timeframe to trade on
12. You know which currency pairs tend to yield large profits
13. You can use moving averages for buying on dips and selling on rallies

14. You understand the patterns at the end of corrections
15. You know how to adjust lot sizes
16. You understand how to gauge profit targets
17. You can overcome the problem of profits not extending when using higher-timeframe technical indicators
18. You can trade with a high reward-to-risk ratio
19. You can count wave movements
20. If you miss an entry, you can move on to the next trade
21. You know how to systematically target contrarian setups
22. You can count extended waves
23. You can recognize chart patterns without memorizing
24. You understand how to use trendlines
25. You understand basic trading that hardly uses indicators
26. You understand how to test and practice
27. You learn how to draw supportive and resistive levels that work well
28. You learn the foundation method to build your own techniques and trading procedures
29. You can swing with the same lot size as short-term trading

Main improvements (Video collection)

1. Eliminate premature take-profit to extend profits

2. Avoid buying at the highs and selling at the lows
3. Avoid entering at the end of a trend
4. Since you can anticipate a trend before it forms, you can reduce late entries
5. Reduce deceptive entries



6. Reduce losses from going against you
7. You can conceive scenarios that allow you to keep a position
8. You understand the basis for placing a stop
9. Profit targets can be adjusted to the market rather than fixed
10. Learn high-win-rate ways to place stops
11. You can avoid long-time trends or range-bound markets
12. You understand what matters most to win in trading and their priorities
13. You can identify strong support/resistance and avoid over-extending them
14. You can reduce false signals from trendline breaks
15. You can spot opportunities earlier than signals, reducing missed chances
16. You can cure the habit of giving up
17. You can escape from indicator overload and know which to watch
18. You can graduate from being a know-how collector

FX Principles